APF Class 11 first term

Which of the following does not characterise business activity :

• (a) Production of goods and services

• (b) Presence of risk

• (c) Sale or Exchange of goods and services

• (d) Salary or wages.

The industries which provide support services to other industries are known as :

• (a) Primary industries

• (b) Secondary industries

• (c) Commercial industries

• (d) Axulary activities

Which of the following cannot be classified as an objective of business :

• (a) Investment

• (b) Productivity

• (c) Innovation

• (d) Profit Earning.

Business risk is not likely to arise due to :

• (a) Change in govt, policy

• (b) Good management

• (c) Employee dishonesty

• (d) Power failure.

Specialized knowledge and skill is needed in :

• (a) Employment

• (b) Non-Economic activity

• (c) Profession

• (d) None of these.

It is not included in code of conduct:

• (a) Rules

• (b) Dishonesty

• (c) Integrity

• (d) Morality

Which has the large scope :

• (a) Trade

• (b) Commerce

• (c) Industry

• (d) Business

Which of the following cannot be classified as an auxiliary to trade :

• (a) Mining

• (b) Insurance

• (c) Warehousing

• (d) Transport.

Which of the broad categories of industries covers oil refinery and sugar mills :

• (a) Primary

• (b) Secondary

• (c) Tertiary

• (d) None of these.

The occupation in which people work for others and get remunerated in return is known as :

• (a) Business

• (b) Employment

• (c) Profession

• (d) None of them.