BUSINESS STUDIES QUIZ

The possibilities of inadequate profits or even losses due to uncertainties are known as _______

• Business contingencies
• Business risks
• Business ventures 
•  None of these

Name the two broad categories of business activities.

•  Trade and commerce 
•  trade and industry 
• industry and commerce
• none of these

Commerce includes activities relating to trade and ____________

• Supporting 
• subsidiaries 
• auxiliaries to trade
• none of these

 'Earning of profit is considered to be the subsidiary objective of the business.' The given statement is 

• True
•  false
•  cannot say
• on

Following are the characteristics of business risks. One of then is not correct. Please identify it.

• Loss is the reward for risk bearing 
• Business risks are due to uncertainties 
•  Risk is an essential component of every business 
• Degree of risk depends mainly upon the nature and size of business

Which of the following is not an example of non-economic activity?

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Which of the following is not a type of external trade-

• export 
• import
• entrepot
• retail 

Following are the characteristics of business risks. One of them is not correct. Please identify it.

• Loss is the reward for risk bearing

• Business risks are due to uncertainties

• Risk is an essential component of every business

• Degree of risk depends mainly upon the nature and size of business

Hindrance of risk is removed by:

• Advertisement
• warehousing
• Insurance
• Transport

Cooking food by mother for her family is:

• Economic activity
• non-economic activity
• both
• none