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Koviloorandavar Matric Hr.Sec.School
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Half Yearly Examination 2022-2023

Std-XI. Commerce. Mark 90
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I.VERY SHORT ANSWER:
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1. _______ was first sultan who paved way in the dense forest and helped traders to move from one market place to

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others place for their commercial caravans. a) Balban. b) Vascoda Gama c) Akbar. d) AlauddinKhilij
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2. The following does not characterize business activity?
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a) Production of goods and services b) Presence of Risk c) Sale or exchange of goods and services d) Salary or wages
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3.Which is the oldest form of Business organisation?
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a. Sole Proprietorship b. Partnership c. Co-operative Society d. Company
4. ‘Only the male members in the family get the right of inheritance by birth’ as ______________
a. Hindu law b. Mitakshara Law c. Dayabhaga law d. None of these
5. The Reserve Bank of India commenced its operations from April 1,

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(a) 1936 (b) 1935 (c)1934 (d) 1933
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6. Warehouses remove the hindrance of ______________
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a) Person b) Time c) Risk d) Knowledge

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c) Fidelity Insurance d) Fire Insurance
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8. Buying and selling of goods through electronic network is known as _____

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a) E-commerce b) internet c) Website d) Trade
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9. The Stakeholders of Socially
Responsible business units are except (a) Share Holders (b) Employees (c) Government (d) Company
10. Equity shareholders are the __________ of a company a. Creditors b. Owners

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11. MSMED Act was enacted in the year (a) 2004 (b) 2007 (c) 2006 (d) 2008
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12. When goods are imported for the purpose of export it is called as-----------. a. Foreign Trade b. Home Trade

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13. Merchant middlemen can be classified into ---------- categories. a. Three b. Two c. Five d. Four
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14. _____are mobile traders who deal in low priced articles with no fixed place of business.
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a) Shopping malls b) Super markets c) Street stalls d) Itinerant traders
15. Selling of goods from home country to foreign country is called
(a) Home Trade (b) Entrepot Trade (c) Foreign Trade (d) Joint Venture
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16. The ------------------- receipt is an acknowledgement of receipt of goods on the ship issued by the Captain

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a) Shipping Bil b) Bill of Lading c) Mate’s Receipt d) Consular Invoice
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option of either party.
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17. A contract with or by a minor is a (a) Valid contract (b) Void contract (c) Voidable contract (d) Voidable at the
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18. Which of the following persons can perform the contract?
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a. Promisor alone b. Legal representatives of promisor c. Agent of the promisor d. All the above
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a. Assessee [(Sec. 2(7)] b. Person [Sec.2 (31)] c. Income [Sec.2 (24)] d. Assessment Year [Sec.2 (91)]
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20. Who is the chairman of the GST council?

a) RBI Governor b) Finance Minister c) Prime Minister d) President of India
II. VERY SHORT ANSWER: ANY 7(30 COMPULSORY) 7X2=14
21. Define commerce
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22. Who is called karta?
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23. Give a note on fci
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24. Who is a franchisee?
25. Define corporate governance
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26. Write any two examples of port office savings scheme
27. Who is broker?
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28. What is enterport trade?
29. What is meant by reciprocal promise? wwww
30. What is meant by previous year?

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III. SHORT ANSWER : any 7 (40 compulsory) 7x3=21

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31. Explain the meaning of the term‘vanigam’
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33. What is bill of lading
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34. What do you mean by the concept of business ethics?
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35. What is pledge?
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36. List out the products by MSMSE in Tamil Nadu
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37. Explain the type of mercantile agent
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38. Distinguish between internal and international trade
39. Write any three objective of IMF.
40. List out the five head of income

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IV. LONG ANSWER:
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41. a) what are the hindrances of commerce
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b) Distinguish between direct tax and indirect tax
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42. a)what are the principles of co-operative
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b) Different between contract and agreement
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43. a)Explain the different types of warehouse?
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b) Point out the objectives of WTO

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44.a) how do you classify the social responsibility?
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b) Distinguish between GDR and ADR
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45.a)compare industry, commerce, and trade
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b) What are the objectives of SHGs (5)
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46.a)Explain the different types of foreign trade
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b) What are the contents of partnership deed
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47. a) distinguish the different kinds of GST

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b) Explain the different types of transport
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All the best

M. Sindhu Bharathi M. Com,M.phil,B.Ed

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