Tution test

Shahjahanpur

REVISION TEST
Class 11 - Business Studies
Time Allowed: 1 hour Maximum Marks: 25

Section A
1. Which of the following can be a partner? [1]

a) Company b) Firm

c) All of these d) Individual

2. A partner who does not take part in the day to day activities of the business but contribute capital is known as: [1]

a) Sleeping partner b) Nominal partner

c) Secret partner d) Partner by holding out

3. Which of the following is the main motive behind the formation of Co-operative Societies? [1]

a) Service b) Market growth

c) Professional management d) Profit earning

4. When can a public company commence its business? [1]

a) After obtaining the certificate of b) After obtaining the license

commencement

c) All of these d) After obtaining the certificate of

incorporation
Section B
5. Assertion (A): A Company has Perpetual Existence. [1]
Reason (R): The existence of a company is not affected by the death, retirement, resignation, insolvency or
insanity of its members.

a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.

c) A is true but R is false. d) A is false but R is true.

6. Assertion (A): Sole Proprietorship has a limited life. [1]
Reason (R): Business is owned and controlled by one person, so death, insanity, imprisonment, physical
ailment, or bankruptcy of the proprietor can lead to its closure.

a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.

c) A is true but R is false. d) A is false but R is true.

Section C

1/2
By Rajat Sir
 7. From the following pictures, identify the hindrance of commerce highlighted: [1]

8. Mysha took advanced fashion designing course at Pearl Academy to become a fashion designer. After [1]
completion of the course, she got a job at Trendz Fashion. She used her expertise to design modern outfits,
which became famous overnight.
Identify the type of economic activity that Mysha is engaged in.
Section D
9. To which Auxiliary to Trade has related the following statement? [3]
i. There is a lot of risk in Business.
ii. Information in business has a special significance.
iii. Business can't be run without funds.
iv. To do business material has to be purchased from far off places.
10. Identify the following activities into economic and non-economic activities, and also mention which type of [3]
economic activities are they:
i. People working for others and getting paid in the form of salaries.
ii. Providing food to the people in the flood-affected area by a charitable institution.
iii. Production and sale of goods by the leading textile industry.
iv. A lawyer filing a case in the court for his client.
11. Define the terms Business, Profession, and Employment. Classify the following into Business, Profession, and [4]
Employment.
i. Hari sells mobile phones on behalf of his employer.
ii. It requires minimum academic and other qualifications.
iii. A hawker sells toys for children outside a function.
iv. Sanjay is the advocate of the High Court.
v. Dhruv is the manager of a Mobile Company.
vi. A person repairs scooters on the roadside.
Section E
12. Discuss the various steps involved in the incorporation of the Company. [7]
OR
List the documents required for the incorporation of a company.

2/2
By Rajat Sir