11th Standard Syllabus & Materials
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Published on: 26/07/2019
Classification of Business Activities
Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
_____________ is an essential part of commerce.
Insurance
Banking
Trade
Transportation
2.
_____________ industries extract to draw out products from natural sources.
Extractive
Genetic
Analytical
synthetical
3.
The production side of business activity is referred as ______________
business
trade
industry
commerce
4.
Business activities can be classified into ___________ categories.
two
three
four
five
5.
The industries which provide support services to other industries are known as _____________
Primary Industry
Secondary Industry
Commercial Industry
Tertiary Industry
6.
Production which involves several stages for manufacturing finished product is known as __________
Analytical Industry
Synthetic Industry
Processing Industry
None of the above
7.
Auxiliaries to trade is also called as ________.
Trade
Advertisement
Warehousing
Aids to Trade
8.
The industries engaged in extraction of iron ore are known as ___________
Construction Industries
Manufacturing Industries
Extraction Industries
Genetic Industries
9.
Give examples for primary industries.
10.
What are the classification of Tertiary industries?
11.
What is Primary industry?
12.
List the auxiliaries to trade.
13.
What is trade?
14.
What do you mean by Manufacturing Industries?
15.
What are classification of Manufacturing Industries?
16.
Write any three categories of Manufacturing industries.
17.
What do you mean by Warehousing?
18.
Narrate commerce with an example.
19.
Write a short note on transportation.
20.
Write a note on Tertiary industries.
21.
Write short notes on Primary Industries.
22.
What are the characteristics of commerce?
1.
(c)
Trade
2.
(a)
Extractive
3.
(c)
industry
4.
(a)
two
5.
(d)
Tertiary Industry
6.
(c)
Processing Industry
7.
(d)
Aids to Trade
8.
(c)
Extraction Industries
9.
a. Agriculture
b. Farming
c. Forestry
d. Fishing
e. Horticulture
10.
Tertiary industries are :
a) Personalised service
b) Public service
c) Distributive service
d) Financial service
e) Quaternary service
f) Quinary service
11.
(i) Primary Industry is concerned with the Production of goods with the help of nature.
(ii) It is a nature - oriented industry, which requires very little human effort.
(iii) For Example: Agriculture, farming, forestry, fishing, horticulture, etc.
(iv) These Industries are further divided into extractive industries and genetic Industries.
12.
(i) Transport
(ii) Banking
(iii) Insurance
(iv) Warehouse
13.
Trade is an essential part of commerce. The term 'Trade' is used to denote buying and selling.
14.
Manufacturing industries are engaged in producing goods through processing of raw materials and thus creating form utilities. They bring out diverse finished products, which we consume or use, through the conversion of raw materials or partly finished materials in their manufacturing operations.
15.
(a) Analytical Industry which analyses and separates different elements from the same materials, as in the case of oil refinery.
(b) Synthetic Industry which combines various ingredients into a new product, as in the case of cement.
(c) Processing Industry which involves successive stages for manufacturing finished products, as in the case of sugar and paper.
(d) Assembling Industry which assembles different component parts to make a new product, as in the case of television, car, computer, etc.
16.
(i) Analytical Industry :
which analyses and separates different elements from the same materials, as in the case of oil refinery.
(ii) Synthetic Industry :
which combines various ingredients into a new product, as in the case of cement.
(iii) Processing Industry :
which involves successive stages for manufacturing finished products, as in the case of sugar and paper.
17.
Goods are not sold or consumed immediately after production.They are held in stock to make them available as and when required. A place where the process of storage is done is known as warehouse.The process of keeping the goods is known as warehousing.
18.
(i) Commerce refers to all those activities which are necessary for bringing goods from the place of production to the place of their consumption.
(ii) According to Evelyn Thomas "Commercial Operations deal with the Buying and Selling of goods, the exchange of commodities and the contribution of finished products".
(iii) Commerce includes not only trade but also services such as transport warehousing, packaging, insurance, banking and sales Promotion which are incidental or auxiliaries to trade.
(iv) Nearly every business transaction is a form of commerce. purchasing food at a restaurant, buying stocks on the stock market, selling goods in a store, drilling for oil etc.
(v) For example, international commerce takes place between countries, interstate commerce is done across state lines and electric commerce takes place via the Internet.
19.
Selling all the goods produced at or near the production place is not possible.Hence, goods are to be sent to different places where they are demanded. The medium which moves men and materials from one place to another place is called transport.
20.
The industries which produces utility services and sell them at the profit.These industries help trade,commerce and industry.The auxiliaries to trade like banking, insurance,warehouse,advertisement etc are included in this.These industries are further classified as under:
1) Personalized service:
The individuals and private institutions selling their services to others are called as personalized services.E.g Plumber, servant maid etc.
2) Public service:
The government provide services to the people without profit motive through Government Hospital,schools, police, Government offices etc.
3) Distributive service:
Transportation, sales, warehousing, logistics, salesmanship etc. come under this type of service.
4) Financial service:
Banking; factoring, accounting and insurance etc.are grouped under this type of service.
5) Quaternary service:
Professional or specialized skills and high technology are used to provide this type of service. Eg.Software development, Auditing, Research and Development, etc.
6) Quinary service:
Selective individual experts create new ideas, implement new technologies and implement new policies. These decisions influenced the growth and development of national and international institutions.
21.
These industries concerned with production of goods with the help of the nature. It is nature oriented industry, which requires very little human effort, for. example Agriculture, farming, forestry, fishing, horticulture etc. These industries are sub divided as follows:
1) Extractive Industries:
These industries extract or draw out products from natural resources. These industries supply some basic raw materials that are mostly products of geographical or natural environment. These products are transformed into other manufacturing industries.These industries include farming, mining, lumbering, hunting and fishing operation.
2) Genetic Industries:
These industries engaged in breeding plants and animals for their use in further reproduction.The seeds, nursery companies,poultry,diary,piggery,hatcheries,nursery, fisheries,apiary etc are some of the examples of genetic industries.
22.
The following are the characteristics of Commerce.
(i) Economic activities:
(1) All economic activities are undertaken to earn Profit. commerce deals with all economic activities undertaken for profit.
(2) So, commerce is concerned with all economic activities directed towards earning profit.
(ii) Exchange of goods and services :
(1) Commerce involves an exchange of goods and services for profit.
(2) Goods may be produced for the purpose of resale to the consumers.
(iii) Earning motive :
(1) Profit is an incentive for undertaking all commercial activities.
(2) Any activity, which does not have the incentive of profit, will not be a part of commerce.
For Example: If a trader gives some goods as Charity.
(iv) Creation of Utility:
Commerce creates form, place and time utility in goods.
(v) Regularity of transaction:
The transaction should be regular. No isolated transaction will be a part of commerce.
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
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TN 11th Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set A
Tamilnadu Stateboard 11th Standard Subjects

Maths

Commerce

Economics

Biology

Business Maths and Statistics

Accountancy

Computer Science

Physics

Chemistry

Maths

Biology

Economics

Physics

Chemistry

History

Business Maths and Statistics

Computer Science

Accountancy

Computer Applications

History

Computer Technology

Commerce

Computer Applications

Computer Technology

Tamil

English

French
Tamilnadu Stateboard Standards