HY PRACTICAL EXAM_11TH

Which of the following is/are treated as Auxiliaries to Trade?

• Insurance Industry

• Banking Industry

• All of the above

• Transportation Industry

The reward of risk is:

• Failure

• Success

• Loss

• Profit

Name the two broad categories of business activities.

• None of these

• Trade and commerce

• Industry and Commerce

• Trade and industry

“Amrut” is an NGO operating in the district of Rajkot since 2005. It deals in providing medicines and other medical facilities to the rural, backward, and below-poverty-line people in the district. In case of need, arrangements are made by the NGO to shift critical patients to referred hospitals. Name the type of human activities performed by the NGO “Amrut”.

• Spiritual Activities

• Economic Activities

• Non-Economic Activities

• None of the above

Maninder, Surinder and Balbinder and Harinder pursued their Master's Degrees in Business

Management from a reputed institute in Delhi. After completion of their studies, all of them got

engaged in different fields. Maninder got a job at an Oil Refinery Industry as a Junior Executive in

Finance. Surinder joined his family business in Textile Industry in Jalandhar, Punjab. Balbinder

opened his own Dairy Firm and Harinder join the construction business. Identify the type of industry

Mr. Surinder worked with as highlighted in the above case.

• Processing Industry

• Synthetic Industry

• Analytical Industry

• Assembly Industry

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

• Transport

• Mining

• Insurance

• Warehousing

Ruchi is a practicing Chartered Accountant. She has her C.A. Firm in Hyderabad, Telangana. She

deals in providing Income Tax and GST-related services to her clients against very reasonable

consultancy fees. She has her own professional coaching classes for C.A. Enrolled Students.

Identify the types of economic activities performed by Ruchi as referred to in the above case.

• Employment

• None of the above

• Profession

• Business

Which of the broad categories of industries covers oil refineries and sugar mills?

• None of these

• Primary

• Secondary

• Tertiary

Assertion (A) Earning Livelihood is the main aim of Economic activities.

Reason (R) It helps people in earning their bread and butter by performing several activities.

• A is incorrect, but R is correct

• Both A and R are true, but R is not the correct explanation of A

• Both A and R are true. R is the correct explanation of A

• A is correct, but R is incorrect

Business risk is not likely to arise due to:

• Good management

• Power failure

• Employee dishonesty

• Change in govt, policy