Objectives of Business One Mark Questions

11th Standard

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Commerce

Time : 00:30:00 Hrs
Total Marks : 15
    15 x 1 = 15
  1. The Primary objective of a business is

    (a)

    Making Profit

    (b)

    Not making Profit

    (c)

    Special Skill

    (d)

    None of the above

  2. Occupation of a Doctor is

    (a)

    Employment

    (b)

    Business

    (c)

    Profession

    (d)

    Sole Proprietor

  3. The following does not characterize business activity?

    (a)

    Production of goods and services

    (b)

    Presence of risk

    (c)

    Sale or exchange of goods and services

    (d)

    Salary or wages

  4. The reward for doing a business is

    (a)

    Profit

    (b)

    Salary

    (c)

    Wages

    (d)

    Fees

  5. Human activities can be categorised in __________ activities.

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

  6. Activities undertaken with the object of earning money are called ____________ activities.

    (a)

    primary

    (b)

    secondary

    (c)

    economic

    (d)

    non-economic

  7. Economic activities are undertaken to earn _____________

    (a)

    profit

    (b)

    money

    (c)

    income

    (d)

    none of these

  8. ____________ are the examples of employees.

    (a)

    Owners

    (b)

    producers

    (c)

    wholesalers

    (d)

    factory workers

  9. Large scale units require ____________ capital.

    (a)

    less

    (b)

    huge

    (c)

    fixed

    (d)

    none of these

  10. ____________ should be a systematic body of knowledge.

    (a)

    Employment

    (b)

    profession

    (c)

    Business

    (d)

    None of these

  11. Activities undertaken to satisfy social and psychological needs are called______

    (a)

    Economic Activities

    (b)

    Non-Economic Activities

    (c)

    Marketing Activities

    (d)

    Selling Activities

  12. A Systematic body of knowledge is the basic requirement of______

    (a)

    Employment

    (b)

    Job

    (c)

    Business

    (d)

    Profession

  13. Economic activities performed for earning profits is known as________

    (a)

    Business

    (b)

    Employment

    (c)

    Profession

    (d)

    Avocation

  14. An enterprise which is owned, managed and controlled by Government and private entrepreneurs is known as_______

    (a)

    Public Enterprise

    (b)

    Private Enterprise

    (c)

    Joint Enterprise

    (d)

    Co-operative Society

  15. Which one of the following is the example for Public Enterprises?

    (a)

    State Trading Corporation (STC)

    (b)

    Ramesh Bros

    (c)

    Maruti Suzuki

    (d)

    Sole Trader Concern

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