Objectives of Business Important Questions

11th Standard

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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    10 x 1 = 10
  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. 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

  4. 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

  5. Which one of the following is not a non-economic activity?

    (a)

    Cooking food for family

    (b)

    Medical advice rendered by physicians

    (c)

    Celebrating festivals

    (d)

    Doing meditation

  6. The Occupation in which people work for others and get remunerated in return is known as

    (a)

    Business

    (b)

    Employment

    (c)

    Profession

    (d)

    Trade

  7. The reward for doing a business is

    (a)

    Profit

    (b)

    Salary

    (c)

    Wages

    (d)

    Fees

  8. Human activities can be categorised in __________ activities.

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

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

    (a)

    primary

    (b)

    secondary

    (c)

    economic

    (d)

    non-economic

  10. Economic activities are undertaken to earn _____________

    (a)

    profit

    (b)

    money

    (c)

    income

    (d)

    none of these

  11. 5 x 2 = 10
  12. Define Economic Activities.

  13. What do you mean by Business?

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

  15. Classify the following activities into economic or non-economic activities?

  16. Classify the following as Business, Profession and Employment.

  17. 5 x 3 = 15
  18. What do you mean by human activities? Explain.

  19. Write Short notes on: (a) Business (b) Profession

  20. How can you differentiate business, profession and employment on the basis of :
    (i) Nature of work
    (ii) Capital

  21. Briefly explain the national objectives of a business.

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

  23. 3 x 5 = 15
  24. Distinguish between economic and non-economic activity.

  25. How the business activities are classified?

  26. What are the criteria for success in modem Business?

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