Business Studies/Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business Sample Test,Sample questions

Question:
Commerce includes activities relating to trade and ____ to trade.

1.Supporting

2.subsidiaries

3.auxiliaries

4.none of these


Question:
Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is

1.TRUE

2.FALSE

3.cannot say

4.None


Question:
Economic activities may be classified into business, ____ and employment

1.Profession

2.occupation

3.vocation

4.work


Question:
Following are the characteristics of business risks. One of then is not correct. Please identify it.

1.Loss is the reward for risk bearing

2.Business risks are due to uncertainties

3.Risk is an essential component of every business

4.Degree of risk depends mainly upon the nature and size of business


Question:
Human activities are of ____________ types

1.One

2.two

3.three

4.four


Question:
Business risk is not likely to arise due to

1.Changes in government policy

2.Good management

3.Employee dishonesty

4.Power failure


Question:
Name the two broad categories of business activities.

1.Trade and commerce

2.trade and industry

3. industry and commerce

4.none of these


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

1.Primary industries

2.Secondary industries

3.Commercial industries

4.Tertiary industries


Question:
The occupation in which people work for others and get remunerated in return is known as

1.Business

2.Profession

3.Employment

4.None of these


Question:
The possibilities of inadequate profits or even losses due to uncertainties are known as ______

1.Business contingencies

2.Business risks

3.Business ventures

4.None of these


Question:
Transfer of interest exists in the case of

1.Profession

2.employment

3.business

4.none of these


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

1.Primary

2.Secondary

3.Tertiary

4.None of these


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

1.Mining

2.Insurance

3.Warehousing

4.Transport


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

1. Investment

2.Productivity

3. Innovation

4. Profit earning


Question:
Which of the following does not characterize business activity?

1.Production of goods & services

2.Presence of risk

3.Sale or exchange of goods and services

4.Salary and wages


Question:
Which of the following is not an example of non-economic activity?

1.Patriotism

2.teaching

3.sentiment

4.sympathy


Question:
Which one of the following may not be a factor behind starting a business?

1.Routine workload

2.size of the firm

3. finance

4. location of the business


More MCQS

  1. Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business
  2. Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation
  3. Business Studies-[Class 11-MCQS ]-Chapter 3 Private, Public and Global Enterprises
  4. Business Studies-[Class 11-MCQS ]-Chapter 4 Business Services
  5. Business Studies-[Class 11-MCQS ]-Chapter 5 Emerging Modes of Business
  6. Business Studies-[Class 11-MCQS ]-Chapter 6 Social Responsibilities of Business
  7. Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company
  8. Business Studies-[Class 11-MCQS ]-Chapter 8 Sources of Business Finance
  9. Business Studies-[Class 11-MCQS ]-Chapter 9 Small Business
  10. Business Studies-[Class 11-MCQS ]-Chapter 10 Internal Trade
  11. Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
  12. Business Studies-[Class 11-MCQS ]-Chapter 12 International Business
  13. Business Studies-[Class 12-MCQS ]-Chapter 1 Nature and Significance of Management
  14. Business Studies-[Class 12-MCQS ]-Chapter 2 Principles of Management
  15. Business Studies-[Class 12-MCQS ]-Chapter 3 Business Environment
  16. Business Studies-[Class 12-MCQS ]-Chapter 4 Planning
  17. Business Studies-[Class 12-MCQS ]-Chapter 5 Organising
  18. Business Studies-[Class 12-MCQS ]-Chapter 6 Staffing
  19. Business Studies-[Class 12-MCQS ]-Chapter 7 Directing
  20. Business Studies-[Class 12-MCQS ]-Chapter 9 Financial Management
  21. Business Studies-[Class 12-MCQS ]-Chapter 10 Financial Market
  22. Business Studies-[Class 12-MCQS ]-Chapter 11 Marketing
  23. Business Studies-[Class 12-MCQS ]-Chapter 12 Consumer Protection
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