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