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Published on: 23/08/2019
Nature and Purpose of Business
Download CBSE Class 11th Standard CBSE Business Studies question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 11th Standard CBSE Business Studies
Questions + Answers key
Take MCQ Business Studies Test
1.
Which of the following is an example of secondary industry?
Genetic industry
Extractive industry
Synthetic industry
All of the above
2.
Which of the following is an example of genetic industry?
Mining
Lumbering
Animal husbandry
Hunting
3.
Objectives of business do not include:
Higher returns to investors
Employee satisfaction
Maximum price from consumers
Market standing.
4.
Which of the following is not an insurable risk?
Risk of theft
Risk of fire
Risk of change in pattern of demand
All of these
5.
Choose the odd one out:
Insurance
Warehousing
Mining
Banking
6.
Which of the following is not a feature of employment?
Fixed wages
Agreement between employer and employee
Terms and conditions
Element of risk
7.
Which of the following is not a business activity?
Production of goods
Trading of goods
Storage of goods
Working in a hospital for wages
8.
Which of the following is an economic activity?
Cooking food for self consumption
Cooking food for sale
Cooking food for donation
All of the above
9.
Business risk is not likely to arise due to
Changes in government policy
Good management
Employee dishonesty
Power failure
10.
Which of the following cannot be classified as an objective of business?
Investment
Productivity
Innovation
Profit earning
11.
The industries which provides support services to other industries are known as
Primary industries
Secondary industries
Commercial industries
Tertiary industries
12.
The occupation in which people work for others and get remunerations in return is known as
Business
Employment
Profession
None of them
13.
Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
14.
Which of the broad categories of industries covers, oil refinery and sugar mills?
Primary
Secondary
Tertiary
None of them
15.
Which of the following does not characterise business activity?
production of goods and service
Presence of risk
Sale or exchange of goods and service
Salary or wages
1.
(c)
Synthetic industry
2.
(c)
Animal husbandry
3.
(c)
Maximum price from consumers
4.
(c)
Risk of change in pattern of demand
5.
(c)
Mining
6.
(d)
Element of risk
7.
(d)
Working in a hospital for wages
8.
(b)
Cooking food for sale
9.
(b)
Good management
10.
(a)
Investment
11.
(d)
Tertiary industries
12.
(b)
Employment
13.
(a)
Mining
14.
(a)
Primary
15.
(d)
Salary or wages
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