Here you will find NCERT MCQ Questions for Class 11 Business Studies with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 11 Business Studies. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.
Q.1 The karta in Joint Hindu Family business has :
(a) Limited liability
(b) Unlimited liability
(c) No liability for debts
(d) Joint liability
(b) Unlimited liability
Q.2 The board of directors of a joint stock company is elected by :
(a) General public
(b) Government bodies
(c) Shareholders
(d) Employees
(c) Shareholders
Q.3 Profits do not have to be shared. This statement refers to :
(a) Partnership
(b) Joint Hindu Family business
(c) Sole proprietorship
(d) Company
(c) Sole proprietorship
Q.4 The Head of the Joint Hindu Family business is called :
(a) Proprietor
(b) Director
(c) Karta
(d) Manager
(c) Karta
Q.5 A partner whose association with the firm is unknown to the general public is called:
(a) Active partner
(b) Sleeping partner
(c) Nominal partner
(d) Secret partner
(d) Secret partner
Q.6 The maximum number of partners allowed in the banking business are
(a) Ten
(b) No limit
(c) Twenty
(d) Two
(a) Ten
Q.7 At least 10 adults, no maximum limit in case of __
(a) Joint Hindu Family
(b) Cooperative Society
(c) Company
(d) Partnership
(b) Cooperative Society
Q.8 It is a form of business organization which is owned, managed, and controlled by an individual who is the recipient of all profits and bearer of all risks. Identify the concept.
(a) Sole Proprietorship
(b) Cooperative Society
(c) Joint Hindu family business
(d) Partnership
(a) Sole Proprietorship
Q.9 What do you understand by the term unlimited liability?
(a) The personal assets of the owner can be sold when the assets of the business are not enough to
(b) The personal assets of the owner cannot be sold at all
(c) The personal assets of the owner can be sold, according to the wish of the creditors
(d) The personal assets of the owner can be sold, only to a limited extent
(a) The personal assets of the owner can be sold when the assets of the business are not enough to
Q.10 Provision of residential accommodation to the members at reasonable rates is the objective of:
(a) Housing Cooperative
(b) Producers Cooperative
(c) Sleeping Partner
(d) Credit Cooperative
(a) Housing Cooperative
Q.11 Hindu Succession Act was passed in _
(a) 1960
(b) 1956
(c) 1952
(d) 1932
(b) 1956
Q.12 A prospectus is issued by
(a) Public company
(b) Private company
(c) Statutory Corporation
(d) Departmental undertaking
(a) Public company
Q.13 A partner whose association with the firm is unknown to the general public is called
(a) Active partner
(b) Nominal partner
(c) Secret partner
(d) Sleeping partner
(c) Secret partner
Q.14 What is the limit of members in case of a Private Company?
(a) 2
(b) 7
(c) 10
(d) 50
(d) 50
Q.15 The life of sole proprietorship business is _
(a) Unstable
(b) Stable
(c) Very short life
(d) Long life
(a) Unstable
Q.16 Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Consumers cooperative
(b) Credit cooperative
(c) Housing cooperative
(d) Producers cooperative
(c) Housing cooperative
Q.17 The maximum number of partners allowed in the banking business are :
(a) Twenty
(b) Ten
(c) No limit
(d) Two
(b) Ten
Q.18 The capital of a company is divided into number of parts each one of which are called:
(a) Dividend
(b) Profit
(c) Interest
(d) Share
(d) Share
Q.19 In a cooperative society the principle followed is
(a) One share one vote
(b) One man one vote
(c) No vote
(d) Multiple votes
(b) One man one vote
Q.20 A company cannot come into existence without
(a) Issuing prospectus
(b) Electing directors
(c) Certificate of incorporation
(d) All of the above
(c) Certificate of incorporation
Q.21 Every partner is both an agent and a principal. Identify the characteristic of the partnership being referred here.
(a) Mutual Agency
(b) Risk Bearing
(c) Membership
(d) Formation
(a) Mutual Agency
Class 11 Business Studies MCQs Multiple Choice Questions with Answers
Chapter 1: Nature and Purpose of Business Class 11 MCQ Questions
Chapter 2: Forms of Business Organisation Class 11 MCQ Questions
Chapter 3: Private, Public and Global Enterprises Class 11 MCQ Questions
Chapter 4: Business Services Class 11 MCQ Questions
Chapter 5: Emerging Modes of Business Class 11 MCQ Questions
Chapter 6: Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions
Chapter 7: Formation of a Company Class 11 MCQ Questions
Chapter 8: Sources of Business Finance Class 11 MCQ Questions
Chapter 9: Small Business Class 11 MCQ Questions
Chapter 10: Internal Trade Class 11 MCQ Questions
Chapter 11: International Business 1 Class 11 MCQ Questions
Chapter 12: International Business 2 Class 11 MCQ Questions
Practicing NCERT Business Studies MCQs With Answers Pdf Class 11 is one of the best ways to prepare for the CBSE Class 11 board exam. There is no substitute for consistent practice whether one wants to understand a concept thoroughly or one wants to score better. If you have any queries regarding The CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.