class 11 business studies

Trade refers to ______

• Exchange of goods

• Production

• Communication

• None of the above

Activities which are meant to support trade is called

• Export trade

• Import trade

• Auxiliaries to trade

• Entreport trade

Support trade helps to remove

• Problems

• Hindrances

• Efficiency

• Disturbances

Which support service helps to remove hindrance of place

• Warehousing

• Banking

• Insurance

• Transport

Which banks extend maximum support to overcome the problem of finance

• Commercial banks

• Primary market

• Moneylenders

• All of the above

Insurance falls under which industry

• Primary industry

• Secondary industry

• Tertiary industry

• Manufacturing industry

It is considered as the starting point of business

• Finance

• Objective

• Profit

• Growth

Profit is the excess of _____ over ______

• Revenue , cost

• Cost , earnings

• Sales , revenue

• None of the above

Identify the reason why profit is regarded as an essential objective of business

• It is a source of income

• It builds the reputation

• Acts as a source of finance

• All of the above

Market standing means

• Goodwill in the market

• Acceptance by customers

• Growth and survival

• Position in relation to competitors