RADIANT INTERNATIONAL SENIOR SECONDARY SCHOOL

MATHAKOTTAI BY PASS ROAD, THANJAVUR -613005

CLASS : XI PERIODIC ASSEMENT –2021-2022 TIME :2 HRS

NAME : SUBJECT : BUSINESS STUDIES TOTAL : 40 MARKS

Q1.A Public Sector Company is incurring heavy losses and govt. proposes for
closing the same. Which term is related to this statement?
(a) Disinvestment (b) Privatisation
(c) Demonetisation (d) Socialisation.

Q2. In India, Railways is an organisation wholly owned and managed by the .

(a) Reliance (b) Tata
(c) Government (d) Railway department.

Q3.Indian economy is a kind of

economy. (a)Global (b) Mixed
(c)Capitalist (d) Socialist.

Q4. Public sector organisations may either be partly or wholly owned by the
government.
(a) State (b) Central
(c) Foreign (d) Central or state.

Q5.Entry of MNCs into Indian market is an example of:

(a) Privatisation (b) Liberalisation
(c) Disinvestment (d) Globalisation.

Q6. Public sector enterprises are accountable to public through .

(a) Parliament (b) Government
(c) Public (d) Media

Q7. An organisation is working for the purpose of public welfare as a ministry of

government. It is financed by govt. and all its income is deposited in govt.
treasury. Identify which kind of public sector enterprise is it.
(a)Partnership (b) Departmental undertaking
(c) Sole proprietorship (d) Company

Q8. Govt. of India establishes its enterprises in backward areas. By doing this
which objective is fulfilled?
(a) Economies of scale (b) Regional balance
(c) Development of Infrastructure (d) Import substitution.
Q9. Conversion of a PSU into a private sector enterprise is termed as -.
(a) Globalisation (b) Deurbanisation
(c) Privatisation (d) Liberalisation.

Q10. How many industries are now reserved for public sector?
(a) 2 (b)3
(c) 4 (d) 17

Q11. Which PSU was the first to be privatised successfully in India?

(a) LJMC (b) GAIL
(c) ONGC (d) BHEL

Q12. An enterprise having huge capital, huge turnover and its branches are spread
all over the country. What do we call such kind of enterprises?
(a) Joint venture (b) Global enterprise
(c) Large corporation (d) Huge company.

Q13. What do we call a company formed as the result of an agreement between

two businesses in different countries?
(a) Partnership (b) Joint venture
(c) Mixed company (d) MNC

Q14. Which of the following is not an objective of PSUs?

(a) Development of infrastructure (b) Import substitution
(c) Profit maximisation (d) Regional balance

Q15. form of PSU has the greatest autonomy.

(a) Departmental Undertakings (b) Public Corporation
(c) Government Company (d) None of these

Q16. Airtel and ................................ enter into the joint venture in 2005 to provide
telecom services in India.
(a) Idea (b) Bharti
(c) Telenor (d) None of these

Q17. A .......................... was setup by the government to retain or redeploy retrenched

labour and to provide compensation to PSU employees seeking voluntary
retirement.
(a) National Renewal Fund (b) National Retrieval Fund
(c) National Retirement Fund (d) None of these

Q18. ................................bank has the most no. of ATM in India.

(a) SBI (b) PNB
(c) ICICI (d) IDBI
Q19 ................................. type of PSU’s has the highest degree of political
interference.
(a) Public Corporation (b) Departmental Undertaking
(c) Government Company (d) None of these

Q20. Where national security is concerned ........................... is the best form of the
organisation.
(a) Private Company (b) Public Company
(c) Departmental Undertaking (d) None of these

Q21. Maximum period limit of a General Insurance is-

(a) 1 year (b) 2 years
(c) 3 Years (d) No limit

Q22. UPI stands for-

(a) Unique Payment Introduction (b) Union Payment Interface

(c) Upper Payment Interface (d) Unified Payment Interface

Q23. A person gets his stock with Rs.25,000 insured for Rs.35,000. A fire occurs and
the whole stock gets damaged. The insurance company will pay him only Rs.25,000,
the actual value of his stock and not Rs.35,000. Which principle of insurance is
applied in this case?
(a) Principle of Contribution (b) Principle of Subrogation
(c) Principle of Indemnity (d) Principle of Insurable Interest

Q24. Which of the following is not related to Life Insurance Contract?

(a) Conditional Contract (b) Unilateral Contract
(c) Indemnity Contract (d) None of these

Q25.Geeta has Rs.20,000 in her account. He doesn’t have any use of these for two
years. To earn more interest which type of bank account she would be opened with the
bank?
(a) Recurring Deposit (b) Fixed Deposit
(c) Current Account (d) Saving Account

Q26. Mohan mortgages his factory to Shyam and get loan from him. Shyam get it
insured for fire. Which principle of insurance applicable here?
(a) Principle of Insurable Interest (b) Principle of Utmost Good Faith
(c) Principle of Indemnity (d) None of these

Q27. Which one of these is a Public Corporation?

(a) HDFC (b) Life Insurance Corporation
(c) SIDBI (d) None of these
Q28. How many hours do the ATM works in a day?
(a) 24 Hours (b) 12 Hours
(c) 48 Hours (d) 15 Hours

Q29. A bank, which occupies a central position in the monetary and banking system
of the country and has a superior financial authority is called?
(a) Central Bank (b) Co-operative Bank
(c) Commercial Bank (d) Exchange Bank

Q30 ......................... cheque is payable to the person named in the cheque or his order.
(a) Discounted (b) Order
(c) Self (d) Dishonoured

Q31. Motor Insurance had its beginning in the.........................

(a) United Kingdom (b) USA
(c) Japan (d) Pakistan

Q32. DTH services are provided by-

(a) Transport Company (b) Banks
(c) Advertising Company (d) None of these

Q33. “A non-government organisation organise blood donation camp and provides

collected blood free of cost to the needy”
(a) Transport Service (b) Social Service
(c) Banking Service (d) None of these

Q34.Arun gets the information about the rate of interest on fixed deposit account
by telephonic conversation with an agent of bank, Name this type of banking-
(a) Mobile Banking (b) E-Banking
(c) Tele Banking (d) None of these

Q35. Which one of these is a private sector bank-

(a) PNB (b) OBC
(c) SBI (d) ICICI

Q36. Assurance is associated with-

(a) Fire Insurance (b) Life Insurance
(c) Motor Insurance (d) Hull Insurance
Q37. Give the name of an instrument which is identical to bank draft and is
payable within the town.
(a) Money Order (b) Pay-in-slip
(c) Pay Order (d) None of these

Q38. Under which policy, policy money is payable after the assured attains a certain
age in monthly, quarterly, half yearly or annually instalment-
(a) Whole Life Policy (b) 10 Years Policy
(c) Fire Policy (d) Annuity Policy

Q.39 “Hull” and “Cargo” words relates to which type of insurance?

(a) Marine Insurance (b) Life Insurance
(c) Fire Insurance (d) Motor Insurance

Q40. Which one of these is a agency function of banks?

(a) Providing Loans (b) Accept Deposits
(c) Purchase sale of securities (d) None of these