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