CBSE Class 11 Business Studies Social Responsibility MCQs

CBSE Class 11 Business Studies Social Responsibility MCQs with answers available in Pdf for free download. The MCQ Questions for Class 11 Business Studies with answers have been prepared as per the latest syllabus, NCERT books and examination pattern suggested in Standard 11 by CBSE, NCERT and KVS. Multiple Choice Questions are an important part of exams for Grade 11 Business Studies and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for NCERT Class 11 Business Studies and also download more latest study material for all subjects

Social Responsibility Class 11 Business Studies MCQ

Class 11 Business Studies students should refer to the following multiple-choice questions with answers for Social Responsibility in standard 11. These MCQ questions with answers for Grade 11 Business Studies will come in exams and help you to score good marks

Social Responsibility MCQ Questions 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

 

More Questions....................

 

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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