CBSE Class 11 - Business Studies - Chapter 1 - Nature and Purpose Of Business (MCQs)

Nature and Purpose Of Business

NCERT Chapter MCQs

1. Which of the following does not characteristic business activity?

(a) Production of goods and services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary or wages


2. Which of the broad categories of industries covers oil refinery and sugar mills?

(a) Primary
(b) Secondary
(c) Tertiary
(d) None of them



3. Which of the following cannot be classified as an auxiliary to trade?

(a) Mining
(b) Insurance
(c) Warehousing
(d) Transport



4. The occupation in which people work for others and get remunerated in return is known as ________

(a) Business
(b) Employment
(c) Profession
(d) None of them





5. The industries which provide support services to other industries are known as ___________

(a) Primary industries
(b) Secondary industries
(c) Commercial industries
(d) Tertiary industries



6. Which of the following cannot be classified as an objective of business?

(a) Investment
(b) Productivity
(c) Innovation
(d) Profit earning



7. Business risk is not likely to arise due to

(a) Changes in government policy
(b) Good management
(c) Employee dishonesty
(d) Power failure


8. Which of the following involves maximum risk?

(a) An industry
(b) A commerce activity
(c) A trade
(d) none of these


9. Commerce is related to _________

(a) production of goods
(b) exchange of goods
(c) providing occupation
(d) providing services


Answer:
1: (d) Salary or wages
2: (b) Secondary
3: (a) Mining
4: (b) Employment
5: (d) Tertiary industries
6: (a) Investment
7: (b) Good management
8: (a) An industry
9: (b) exchange of goods