Class 11 Organisation of Commerce and Management – Daily Revision MCQ (English Medium)
Timed quiz: 15 seconds per question, the next one loads by itself when time runs out. Or solve without the timer: tap an option, right turns green, wrong turns red. New sets are added regularly.
Or scroll down and solve without the timer.
Animal husbandry, sericulture and horticulture are examples of which type of industry?
Chapter 1: Introduction of Commerce and Business
Show answer
Answer: B. Genetic industry
Genetic industries are engaged in reproduction and multiplication of plants and animals, such as animal husbandry, sericulture and horticulture.Hawkers, peddlers, street traders and cheap jacks are all:
Chapter 2: Trade
Show answer
Answer: C. itinerant retailers
Itinerant retailers have no fixed place of business; they move from place to place to sell their goods.While setting up a small scale unit, the entrepreneur obtains the registration application form from, and submits it to, the:
Chapter 3: Small Scale Industry and Business
Show answer
Answer: A. District Industries Centre (DIC)
The textbook's steps say the prescribed registration form is taken from the District Industries Centre and submitted there with the documents.In a Joint Hindu Family business, the senior-most member who manages the business is called the:
Chapter 4: Forms of Business Organisation - I
Show answer
Answer: D. Karta
The senior-most member is the Karta, custodian of the joint property with unlimited liability; the other members are co-parceners.A joint stock company has no physical body, yet it can buy assets, borrow money and open a bank account in its own name. This is because it is:
Chapter 5: Forms of Business Organisation - II
Show answer
Answer: B. an artificial legal person created by law
A company is an artificial person created by law with a separate legal existence from its members; only law can create it and wind it up.The Small Industries Development Bank of India (SIDBI) was established on:
Chapter 6: Institutes Supporting Business
Show answer
Answer: A. 2 April 1990
SIDBI was set up on 2 April 1990 under the SIDBI Act, 1988, first as a wholly owned subsidiary of IDBI.In India, the Self Help Group–Bank Linkage Programme was initiated in 1992 by:
Chapter 6: Institutes Supporting Business
Show answer
Answer: C. NABARD
The textbook notes that the SHG–Bank Linkage Programme has been run by NABARD since 1992.Internal factors of the business environment, such as personnel and physical facilities, are generally regarded as:
Chapter 7: Business Environment
Show answer
Answer: D. controllable factors
Internal factors are within the firm and can be controlled; external factors are beyond the control of a business.Superintendents, supervisors and foremen belong to which level of management?
Chapter 8: Introduction to Management
Show answer
Answer: B. Lower (supervisory) level
Lower level management, also called the operational or supervisory level, includes superintendents, supervisors and foremen.Which level of management frames the vision, mission and long-term objectives of an organisation and decides its policies?
Chapter 8: Introduction to Management
Show answer
Answer: A. Top level
Top level management (Board of Directors, CEO, Managing Director) is the ultimate authority that sets vision, objectives and policy.
Class 11: MCQ in other subjects
Previous days
All questions are written by PadhaiNotes in our own words from the chapters of the official Maharashtra State Board Balbharati textbook (ebalbharati.in). Each question shows its chapter.