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8 Questions

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CBSE Class 11 Commerce

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Questions and Answers

Which term is being referred to in the text?

Midterm

Second term

Final term

First term (correct)

What is the subject of the class mentioned in the text?

Commerce (correct)

Mathematics

English

Science

Which word does the English-language word 'commerce' come from?

Latin

Commercium (correct)

Com

Merx

Which grade level is the Commerce class mentioned in the text?

Grade 11 Signup and view all the answers

What is the main focus of commerce?

Distribution of finished goods and services Signup and view all the answers

How is commerce different from trade?

Commerce involves large-scale distribution, while trade involves transactions Signup and view all the answers

What does commerce contribute to?

Transfer of goods and services Signup and view all the answers

What does the term 'commerce' not refer to?

Manufacturing of goods Signup and view all the answers

Study Notes

Commerce Overview

The term being referred to is Commerce.
The subject of the class mentioned is Commerce, which is taught in Grade 11.
The English-language word 'commerce' comes from the Latin word 'commercium', meaning 'trading' or 'business'.
The main focus of commerce is the exchange of goods, services, or somethings of value between businesses, organizations, or individuals on a large scale.
Commerce is different from trade in that trade refers to the exchange of goods and services between two parties, whereas commerce refers to the broader system of trade, including all the activities, institutions, and networks involved.
Commerce contributes to economic growth, job creation, and the overall development of a nation.
The term 'commerce' does not refer to the exchange of goods and services between individuals, which is considered trading or bartering.

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Description

The term being referred to in the text is the first term of the Commerce class in CBSE. The subject of the class is Commerce. The Commerce class mentioned in the text is for class 11 students in CBSE. Short description: Test your knowledge of Commerce in CBSE class 11 first term with this quiz.