Class 11 Business Studies - Ch1: Nature and Purpose of Business (MCQs-2)
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
This comment has been removed by a blog administrator.
ReplyDelete