Tiêu đề Business Studies class 11 chapter 1 nature and purpose of business question-245547.pdf ✅

1 / 6 Time Allowed: 3 minutes Maximum Marks: 55 puja moradabad CLASS 11 - BUSINESS STUDIES Rahul General Instructions: asdfgh22322 a) Irregular basis b) One-time basis c) Regular basis d) Quarterly 1. The business activity involves dealing in goods and services on what basis? [1] a) Processing industry b) Analytical industry c) Synthetical industry d) Assembling industry 2. Which industry combines various ingredients into a new product? [1] a) Greater productivity b) Social responsibility c) Profit Earning d) Innovation 3. Which among the following is the main or leading objective of business: [1] a) business risks b) social responsibility c) marketing d) entrepreneurship 4. The term ________ refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events. [1] a) auxiliaries to trade b) banking and finance c) profession d) advertising 5. Activities which are meant for assisting trade are known as ________. [1] a) All of these b) Change in prices c) Drought d) Earthquake 6. Which of the following is the example of business uncertainties? [1] a) Entrepot b) Import c) All of these d) Export 7. ________ trade refers to the import of goods for the purpose of export. [1] a) Neither nature nor size of the business b) Both nature and size of the business c) Only nature of the business d) Only size of the business 8. Which of the following is a factor in determining the degree of risk involved in a business? [1] 9. Tea is mainly produced in Assam; Cotton in Gujarat and Maharashtra; Jute in West Bengal and [1]
2 / 6 a) banking and finance b) advertising c) transportation d) insurance Orissa; Sugar in U.P, Bihar, and Maharashtra. But these goods are required for consumption in different parts of the country. For this purpose ________ is very important. a) Secondary industries b) Primary industries c) Commercial industries d) Tertiary industries 10. The industries which provide support services to other industries are known as [1] a) Trading in goods and services b) Social welfare c) Manufacturing of goods for sale d) Transportation services 11. Among the following given activities, which one is not an economic activity: [1] a) Riots b) Strikes c) All of these d) Dishonesty 12. Which of the following is a human cause of business risks? [1] a) sale b) profession c) small business d) none of these 13. Trade is an essential part of commerce. It refers to ________. [1] a) Presence of risk b) Sale or exchange of goods and services c) Production of goods and services d) Salary or wages 14. Which of the following does not characterise business activity? [1] a) Tertiary b) Primary c) Secondary d) None of these 15. Which industries include activities concerned with the extraction and production of natural resources and reproduction and development of living organisms? [1] a) Insurance b) Advertising c) Banking and finance d) Warehousing 16. ________ is one of the most important methods of promoting the sale of products. [1] a) position of an enterprise b) competitors c) supply of the product d) customers 17. The word marketing standing is concerned with ________. [1] a) Human Cause b) All of these c) Natural Cause d) Economic Cause 18. Which of the following is a cause of business risks? [1] a) Non profit organisation b) None of these 19. ________ is an economic activity. [1]

4 / 6 a) Market standing b) Profit earning c) Social responsibility d) Innovation 31. Giving reservation in jobs to specially-abled persons is the example of which business objective? [1] a) Trade b) Commerce c) None of these d) Auxiliaries to trade 32. All activities involving the removal of hindrances in the process of exchange are included in ________. [1] a) banking b) warehousing c) finance d) advertising 33. Usually, goods are not sold or consumed immediately after production. They are held in stock to make them available as and when required. For this purpose ________ is important. [1] a) None of these b) Secondary industry c) Tertiary industry d) Primary Industry 34. Which of the broad categories of industries covers oil refinery and sugar mills? [1] a) Involves the possibility of only gain b) Involves the possibility of only loss c) Involves the possibility of either gain or loss d) Involves the possibility of neither gain nor loss 35. Which of the following is correct about speculative risks? [1] a) wholesaler and consumers b) producers and consumers c) retailers and consumers d) None of these 36. Commerce provides the necessary link between ________. [1] a) Price b) Competition c) Demand for goods d) All of these 37. Which of the following is an economic cause of business risks? [1] a) All of these b) Inflating the prices c) Selling a good quality product at reasonable prices d) Selling low-quality product at low prices 38. Since the main objective of the business is to earn profits, which of the following is not an appropriate method of earning profits: [1] a) Encourage domestic companies to manufacture their products in India b) Encourage multinational companies to manufacture their products in India c) All of these d) Job creation and skill enhancement 39. Which of the following is an objective for the Make in India initiative launched by the Government of India? [1]