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Objectives of Business Model Question Paper

11th Standard

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Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    7 x 1 = 7
  1. The Primary objective of a business is

    (a)

    Making Profit

    (b)

    Not making Profit

    (c)

    Special Skill

    (d)

    None of the above

  2. Activities undertaken out of love and affection or with social service motive are termed as :

    (a)

    Economic activities

    (b)

    Monetary activities

    (c)

    Non-Economic activities

    (d)

    Financial Activities

  3. Which one of the following is not an economic activity?

    (a)

    Production of goods

    (b)

    Distribution of goods

    (c)

    Celebrating birthday

    (d)

    Selling by retailers

  4. Human activities can be categorised in __________ activities.

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

  5. ____________ are the examples of employees.

    (a)

    Owners

    (b)

    producers

    (c)

    wholesalers

    (d)

    factory workers

  6. The economic activity which is connected with conversion of resources into useful goods is known as________

    (a)

    Commerce

    (b)

    Trade

    (c)

    Industry

    (d)

    Business

  7. Commerce involves an exchange of ................for the sake of earning profits

    (a)

    ideas

    (b)

    mutual interest

    (c)

    goods

    (d)

    goods and services

  8. 8 x 2 = 16
  9. Define Economic Activities.

  10. Define Profession.

  11. Define the term "Business" according to H. Haney.

  12. Name of economic activity which requires and knowledge and skills. Briefly explain.

  13. What do you mean by Non-Economic Activities?

  14. What are Joint Enterprises?

  15. What is Private Enterprises?

  16. What is economic objectives of business?

  17. 4 x 3 = 12
  18. What do you mean by human activities? Explain.

  19. Explain the concept of 'Business'.

  20. Give three examples of Economic Activities.

  21. What are the classification of economic activities according. to size?

  22. 3 x 5 = 15
  23. Explain the characteristics of Business.

  24. Discuss any five objectives of business.

  25. Distinguish between economic and non-economic activity.

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