Business studies Class XI Quiz-4

Identify the activity which is not an auxiliary to trade?

• Banking

• Warehousing

• Insurance

• Mining

Which of the following is not a true statement?

• The scope of commerce is narrower than business.

• Commerce includes trade and auxiliaries to trade.

• Foreign trade is purchase and sale by the traders of the same

  country.

• Traders serve as a link between producers and consumers.

Assertion (A): Every profession restricts the entry on the basis of examination or education.

Reason (R): A strict code of conduct exists in every profession.

• Both the Assertion (A) and Reason (R) are true and Reason (R)

  is the correct explanation of Assertion (A)

• Both the Assertion (A) and Reason (R) are true, but Reason (R)

  is not the correct explanation of Assertion (A)

• Assertion (A) is true, but Reason (R) is false

• Assertion (A) is false, but Reason (R) is true

Statement 1: Primary industries can be further classified as manufacturing industry and construction Industry

Statement 2: Tertiary industry tries to remove various hindrances which arises during production and distribution of goods and services

• Both the statements are true.

• Both the statements are false.

• Statement 1 is true and Statement 2 is false.

• Statement 2 is true and Statement 1 is false.

It can continue as long as the partners want and is terminated when any partner gives a notice of withdrawal from partnership to the firm

• Partnership at will

• Particular partnership

• General partnership

• Limited partnership

Sending quotation of supplying raw material by one businessman to another is called ----

• B2B commerce

• B2C commerce

• C2C commerce

• Intra-B

‘‘It has a wide reach as on one hand it allows the seller and access to the global market and on the other hand, it offers to the buyer, freedom to choose, products from almost any part of the world.’’ Which benefit of e-business is described in above lines?

• Speed

• Ease of formation

• Global reach

• Convenience

Match the following:

• a-ii, b- iv, c- i , d-iii

• a-iii, b-iv, c-ii, d-i

• a-iv, b-i, c-ii, d-iii

• a-iii, b-ii, c-iv, d-i

Star Ltd. uses rocks, trees, electric poles, walls of historical monuments to advertise its products. This advertising policy has made their product known to the public. Identify the group whose responsibility is ignored by Star Ltd.

• Government

• Consumer

• Society

• Investor

Which of the following is not an argument in favour of social responsibility?

• Lack of broad public support

• Converting problems into opportunities

• Better environment for doing business

• Maintenance of society