Class 11 Business Studies | ICSE Board Board | Mixed Level Practice Test - 40 Questions (2026)

Which of the following is NOT a characteristic of a sole proprietorship?

The principle of management which emphasizes 'one head, one plan' is known as:

Which of the following is an example of a secondary industry?

Which source of finance involves the sale of ownership shares in a company?

A company has current assets of $500,000$ and current liabilities of $200,000$. What is the current ratio?

The process of identifying and evaluating alternative courses of action is known as:

Which of the following is NOT a function of marketing?

Which type of insurance protects a business from losses due to theft, fire, or natural disasters?

In the context of communication, what does 'feedback' refer to?

Which of the following is an example of a 'standing plan' used in organizations?

Which of the following is NOT a characteristic of a partnership firm?

ABC Ltd. has a share capital of ₹50,00,000 divided into shares of ₹10 each. They issued a prospectus inviting applications for 20,000 shares. Applications were received for 18,000 shares. What is the subscribed capital of the company?

Which type of industry is engaged in extracting, breeding, or reproducing natural resources?

Which document defines the relationship between a company and the outside world?

Which of the following is NOT a function of warehousing?

Ramesh wants to start a business with minimal capital investment and wants direct control over the operations. Which form of business organization is most suitable for him?

Which of the following is an example of tertiary industry?

A public company must have a minimum of how many members?

What is the term used for the initial capital contribution of the partners in a partnership firm?

Identify the principle of insurance that prevents the insured from making a profit from the loss.

A company has authorized capital of ₹50,00,000. It issued 30,000 shares of ₹100 each at a premium of 10%. How much is the issued capital?

Which of the following is an example of a service industry?

Which document defines the relationship between the company and the outside world?

What is the primary advantage of a Public Sector Enterprise?

Which of the following is a function of the stock exchange?

What is the main objective of WTO?

Which of the following is a type of Partnership?

A consumer purchases goods worth ₹5,000 on credit. The credit period allowed is 30 days. If the payment is made within 10 days, a 2% discount is offered. If the consumer pays within 10 days, what is the amount payable?

What is meant by 'Debenture'?

A company has share capital of ₹5,00,000 divided into shares of ₹10 each. The company wants to raise additional capital by issuing new shares at a premium of ₹2 per share. If the company issues 20,000 shares, how much capital will it raise in total?

Which of the following is an advantage of departmentalization by product?

Which principle of management, given by Henri Fayol, emphasizes the need for clear lines of authority running from top to bottom of the organization?

Which of the following is a disadvantage of using debt financing compared to equity financing?

Which level of management is primarily responsible for developing strategic plans and policies?

A retailer purchases goods for ₹80 and sells them for ₹120. Calculate the markup percentage on cost.

What is the primary focus of Human Resource Management?

A business firm has a current ratio of 1.5:1 and a quick ratio of 0.8:1. This indicates that the firm has:

Which of the following is NOT a characteristic of a public sector enterprise?

A sole proprietorship has which of the following advantages?

Which document defines the relationship between a company and its shareholders?