Monday, 7 June 2021

Class 11 Business Studies - Ch1: Nature and Purpose of Business (MCQs-2)(#class11BusinessStudies)(#cbse2021)(#eduvictors)

Class 11 Business Studies - Ch1: Nature and Purpose of Business (MCQs-2)

Class 11 Business Studies - Ch1: Nature and Purpose of Business (MCQs-2)(#class11BusinessStudies)(#cbse2021)(#eduvictors)


Q1: Which of the following does NOT characterise business activity? 

(a) Production of goods 

(b) Presence of risk and services

(c) Sale or exchange of goods and services 

(d) Salary or wages


Q2: Which of the broad categories of industries covers oil refinery and sugar mills?

(a) Primary 

(b) Secondary 

(c) Tertiary 

(d) None of them


Q3: Which of the following cannot be classified as an auxiliary to trade? 

(a) Mining 

(b) Insurance

(c) Warehousing 

(d) Transport


Q4: 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


Q5: The industries which provide support services to other industries are known as:

(a) Primary industries 

(b) Secondary industries 

(c) Commercial industries 

(d) Tertiary industries


Q6: Which of the following cannot be classified as an objective of business? 

(a) Investment 

(b) Productivity

(c) Innovation 

(d) Profit earning


Q7: Business risk is not likely to arise due to

(a) Changes in government policy 

(b) Good management 

(c) Employee dishonesty 

(d) Power Failure



Q8: Documents used for carrying out transactions in which money passed from hand to hand in ancient times.

(a) Cheques 

(b) Bill of Exchange 

(c) Hundi 

(d) Demand Draft.


Q9: The position of an enterprise in relation to its competitor are called:

(a) Worker Performance 

(b) Productivity

(c) Earning Profit

(d) Market Standing



Q10: In which economic activity rendering of personalised expert service is required? 

(a) Profession 

(b) Employment

(c) Business 

(d) Trade


Q11: Fishing operations is classified as:

(a) Primary Industries

(b) Secondary Industries

(c) Genetic Industries

(d) Tertiary Industries


Q12: Packaging is classified as:

(a) Primary Industries

(b) Secondary Industries

(c) Commercial Industries

(d) Tertiary Industries


Q13: Commerce is a combination of two types of activities these are

(a) industry and trade

(b) trade and commerce

(c) trade and auxiliaries to trade

(d) production and consumption of goods


Q14: No business can survive without enough amount of funds.Banks are providing financial assistance to the businesses to overcome one of the following hindrance of trade.

(a) hindrance of place

(b) hindrance of time

(c) hindrance of finance

(d) hindrance of information


Answers:

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: (c) Hundi 

9: (d) Market Standing

10: (a) Profession 

11: (a) Primary Industries

12: (d) Tertiary Industries

13: (c) trade and auxiliaries to trade

14: (c) hindrance of finance


👉See Also:

Ch1: Nature and Purpose of Business (MCQs-1)
Ch1: Characteristics of Business
Ch1: Business vs Profession vs Employment
Ch1: Nature and Purpose of Business - Classification Of Commerce

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