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

1

(a)

Primary

(b)

Secondary

(c)

Tertiary

(d)

None of them

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

1

(a)

Investment

(b)

Productivity

(c)

Innovation

(d)

Profit earning

Which of the following is not a business activity?

1

(a)

Production of goods

(b)

Trading of goods

(c)

Storage of goods

(d)

Working in a hospital for wages

Which of the following is a cause of business risk?

1

(a)

Natural causes

(b)

Political causes

(c)

Economic causes

(d)

All of the above

Which of the following is an example of genetic industry?

1

(a)

Mining

(b)

Lumbering

(c)

Animal husbandry

(d)

Hunting

What are various types of industries?

3

(a)

Explain any two business activities which are auxiliaries to trade.

3

(a)

What are the functions of commerce?

3

(a)

Explain political and legal causes of business risks.

3

(a)

What are the hindrances in the commerce? Which agencies are used to remove these hindrances?

3

(a)

Describe the activities relating to commerce.

5

(a)

Why does business need multiple objectives? Explain any five such objectives.

5

(a)

What factors are important to be considered while starting a business? Explain.

5

(a)

Define commerce. Discuss its importance in the business world.

5

(a)

"Economic and non-economic activities don't substitute, but complementary to each other." Do you agree? Explain.

5

(a)

If one starts a business, which objective will be of utmost importance to you and why?

5

(a)