Refer to CBSE Class 11 Business Studies Social Responsibility MCQs provided below available for download in Pdf. The MCQ Questions for Class 11 Business Studies with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 6 Social Responsibilities of Business and Business Ethics are an important part of exams for Class 11 Business Studies and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Business Studies and also download more latest study material for all subjects
MCQ for Class 11 Business Studies Chapter 6 Social Responsibilities of Business and Business Ethics
Class 11 Business Studies students should refer to the following multiple-choice questions with answers for Chapter 6 Social Responsibilities of Business and Business Ethics in Class 11.
Chapter 6 Social Responsibilities of Business and Business Ethics MCQ Questions Class 11 Business Studies with Answers
Question: ADRs are issued in
a) USA
b) China
c) India
d) Canada
Answer: USA
Question: ______are debt instrument that does not carry a specific rate of interest , but issued at a heavy discount
a) Bonds
b) Debentures
c) None of the options
d) Equity Shares
Answer: Bonds
Question: Public Deposits are the deposits that are directly raised from
a) The public
b) The auditors
c) The owners
d) The directors
Answer: The public
Question: Which one of the following is the first Global Company who issue IDR in India?
a) Standard Chartered PLC
b) HDFC
c) Reliance
d) HSBC
Answer: Standard Chartered PLC
Question: Which one of the following is the unsecured short term deposit made by one company with another?
a) ICD
b) ADR
c) IDR
d) GDR
Answer: ICD
Question: The interest rate on Three months Inter Corporate deposit is
a) 0.12
b) 0.15
c) 0.1
d) 0.2
Answer: 0.12
Question: Which one of the following statement is TRUE about Public deposits?
a) Public deposit cannot exceed 25% of share capital and reserves
b) Rate of interest offered on public deposits is lower than the rate of interest on bank deposits
c) Public deposit are issued for a period of 6 months to 5 years
d) It is one of the reliable sources of finance
Answer: Public deposit cannot exceed 25% of share capital and reserves
Question: Which of the following institution provides financial assistance towards balanced regional development and development of management education in the country?
a) Industrial finance Corporation of India (IFCI)
b) Industrial Credit and Investment Corporation of India (ICICI)
c) Industrial development Bank of India ( IDBI)
d) Life insurance Corporation of India (LIC)
Answer: Industrial finance Corporation of India (IFCI)
Question: Which one of the following is the advantage of Equity shares?
a) No charge on assets
b) Dilution of control
c) Higher cost
d) Risk.
Answer: No charge on assets
Question: The preference shares that can be converted into equity shares are known as
a) Convertible preference shares
b) Non convertible preference shares
c) Non Participating preference shares
d) Participating preference shares
Answer: Convertible preference shares
Question: Which one of the following is known as the Risk capital?
a) Equity shares
b) Debentures
c) Retained earnings
d) Preference shares
Answer: Equity shares
Question: Which one of the following is NOT the disadvantage of raising funds through debentures?
a) No Dilution of control
b) All of the options.
c) Charge on assets
d) Fixed obligation
Answer: No Dilution of control
Question: Preference shares do not carry preferential rights over equity shares regarding
a) Voting rights
b) Payment of dividend
c) None of the options
d) Payment of capital
Answer: Voting rights
Question: Working capital is raised through
a) All of the options.
b) Commercial paper
c) Factoring
d) Trade credit
Answer: All of the options.
Question: Internal sources of capital are those that are generated through
a) Within the business
b) Issue of shares
c) Outsiders
d) Loans form banks
Answer: Within the business
Question: The maturity period of commercial paper usually ranges from
a) 90 days to 1 year.
b) 15 days to 1 year
c) 20 to 40days
d) 60 to 90 days
Answer: 90 days to 1 year.
Question: Under the factoring agreement, the factor
a) Collects the clients debt or accounts receivables.
b) Transfer the goods from one place to another.
c) Makes the payment on behalf of client
d) Produces and distributes the goods or services
Answer: Collects the clients debt or accounts receivables.
Question: Under the lease agreement , the lessee gets the right to
a) Use the asset for specific period of time.
b) Share the profit earned
c) Vote
d) Sell the asset.
Answer: Use the asset for specific period of time.
Question: Debenture holders are called______of the company.
a) Creditors
b) Owners
c) Executives.
d) Partners
Answer: Creditors
Question: IDRs are issued in
a) India
b) Canada
c) China
d) None of the options
Answer: India
Question: Equity share capital represents______of the company.
a) Permanent capital
b) Fixed capital
c) Working capital
d) Fluctuating capital
Answer: Permanent capital
Question: Trade credit is an example of
a) Short term finance
b) Long term finance
c) All of the options.
d) Medium term finance
Answer: Short term finance
Question: Public deposits are the deposits that are directly raised from
a) The public
b) The auditors
c) The directors
d) The owners
Answer: The public
Question: ADRs are issued in
a) USA
b) China
c) India
d) Canada
Answer: USA
Question: Funds required for purchasing current assets are known as
a) Working capital
b) Fixed capital
c) Lease financing
d) Retained earnings
Answer: Working capital
Question: The term redeemable is used for
a) Preference shares
b) Equity shares
c) Public deposits
d) Commercial papers
Answer: Preference shares
Question: Equity shareholders are called
a) Owners of the company
b) Partners of the
c) Guardian of the
d) Executives of the company
Answer: Owners of the company
Question: Which of the following can explain the need for pollution control
a) All of the options
b) Reduction of health hazards.
c) Cost Savings.
d) Reduced risk of liability.
Answer: All of the options
Question: Business people have the skill to involve
a) Some social problems,
b) All economic problems.
c) No social problems
d) All social problems
Answer: Some social problems,
Question: Social responsibility is
a) Broader than legal responsibility
b) Same as legal responsibility
c) Narrower than legal responsibility
d) None of the options
Answer: Broader than legal responsibility
Question: Which of the following factors has forced businesses to assume social responsibility?
a) Pressure of labour movement
b) All the above
c) Threat of public regulation
d) Impact of consumer consciousness
Answer: Pressure of labour movement
Question: These are socially determined moral principles which govern business activities. Identify the concept.
a) Social Skills
b) Social Responsibility
c) Business Ethics
d) None of the options
Answer: Social Skills
Question: Providing charitable contributions to educational institutions is the example of which category of social responsibility?
a) Discretionary Responsibility
b) Ethical Responsibility
c) Economic Responsibility
d) Legal Responsibility
Answer: Discretionary Responsibility
Question: It is purely voluntary obligation. Identify the category of social responsibility referred here.
a) Discretionary Responsibility
b) Legal Responsibility
c) Ethical Responsibility
d) Economic Responsibility
Answer: Discretionary Responsibility
Question: It includes the behavior of the firm expected by the society but not codified by law. Identify the category of social responsibility referred here.
a) Ethical Responsibility
b) Economic Responsibility
c) Legal Responsibility
d) All the above
Answer: Ethical Responsibility
Question: It is a primary social responsibility to produce goods and services that society wants and sell them at reasonable profit. Identify the category of social responsibility referred here.
a) Economic Responsibility
b) Ethical Responsibility
c) Legal Responsibility
d) Discretionary Responsibility
Answer: Economic Responsibility
Question: Which of the following are the categories of Social Responsibility?
a) All the above
b) Ethical Responsibility
c) Economic Responsibility
d) Legal Responsibility
Answer: All the above
Question: It is the obligation of the business to take those decisions and to perform those actions which are expected in respect of the values and norms of the society. Identify the concept.
a) Social Ethics
b) None of the options
c) Social Skills
d) Social Responsibility
Answer: Social Ethics
Question: Which of the following is not the social responsibility of business towards the consumers?
a) To give them a share of profit
b) To bring out reality in advertisement
c) To make available good quality goods at cheap rates
d) To avoid adulteration
Answer: To give them a share of profit
Question: Which of the following is not the social responsibility of business towards the investors?
a) To give appropriate salary
b) To ensure proper dividend
c) To ensure safety of capital
d) To ensure proper utilization of capital
Answer: To give appropriate salary
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MCQs for Chapter 6 Social Responsibilities of Business and Business Ethics Business Studies Class 11
Expert teachers of studiestoday have referred to NCERT book for Class 11 Business Studies to develop the Business Studies Class 11 MCQs. If you download MCQs with answers for the above chapter you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Business Studies will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest books also refer to the NCERT solutions for Class 11 Business Studies. We have also provided lot of MCQ questions for Class 11 Business Studies so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 11 Business Studies MCQ Test for the same chapter.
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