Nature and Purpose of Business

Economic Activities =

• Business + Profession

• Business + Employment

• Business + Employment

• Business + Profession + Employment

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

Transfer of interest exists in the case of 

• Profession
• employment 
• business 
• none of these

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

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Pisciculture comes under which industry?

• Extractive
• Genetic
• Manufacturing
• Constructive

Hindrance of place is removed by:

• Communication
• Advertisement
• Warehousing
• Transportation

In which activity, specialised knowledge is required?

• Business
• Profession
• Employment
• All of the three

Business risk is not likely to arise due to:

• Good management
• Changes in government policy
• Employee Dishonesty
• Power failure

Fishing is what type of industry?

• Primary

• Secondary

• Tertiary

• commercial