NEW
Font size
S
M
L
XL
WorksheetsCL XI BST : NATURE & PURPOSE OF BUSINESS
Total questions: 50
Worksheet time: 25mins
Name
Class
Date
1.
Business is derived from
a)
bisi
b)
busi
c)
busy
d)
bussy
2.
Business is:
a)
an economic activity
b)
a non-economic activity
3.
Which of the following activities are included in business
a)
Production & Manufacturing
b)
Purchase and sales
c)
Services to the consumer
d)
All
4.
Identify the economic activity in the following:
a)
serving his old aged parents
b)
teaching in a school
c)
gardening in own garden
d)
teaching his own son or daughter
5.
Identify the non-economic activity in the following:
a)
working in company as finance manager
b)
teaching in a school
c)
gardening in an institution
d)
preparing food for the family
6.
Economic activities are categorised into:
a)
Business, Profession, Self service
b)
Profession & Employment
c)
Profession, Business & Employment
d)
Business, Social Service & Employment
7.
Which of the following is a business activity:
a)
Sale of old material by a household
b)
Gifting to someone
c)
exchange of goods and services on regular basis
d)
Constructing to own house to live in
8.
Which of the following is a business activity
a)
Constructing the apartment by a builder
b)
Binding his / her own books at home
c)
Sapling the plants in the garden
d)
Constructing to own house to live in
9.
Which of the following is not a feature of business activity:
a)
dealing in goods and services on regular basis
b)
profit motive
c)
includes manufacturing, purchase, and sales etc.
d)
dealing in goods and services one time only
10.
Identify the occupation in which people work for other and get remunerated:
a)
Business
b)
Employment
c)
Profession
d)
Social Service
11.
Which profession is related to “Bar Counsel of India”?
a)
Teacher
b)
Doctor
c)
Lawyer
d)
Chartered Accountants
12.
Which profession is related to “Medical Counsel of India”?
a)
Teacher
b)
Doctor
c)
Lawyer
d)
Chartered Accountants
13.
Which profession is related to ICAI?
a)
Teacher
b)
Doctor
c)
Lawyer
d)
Chartered Accountants
14.
The persons who engaged in profession is known as:
a)
labour
b)
manager
c)
professional
d)
worker
15.
The occupation which required special knowledge and skill to be applied by individuals is known as:
a)
Business
b)
Employment
c)
Profession
d)
Social
Service
16.
What is the reward or return in “Business”?
a)
satisfaction
b)
salary
or wages
c)
profit
d)
professional
fees
17.
What is the reward or return in “Employment”?
a)
satisfaction
b)
salary or wages
c)
profit
d)
professional fees
18.
What is the reward or return in “Profession”?
a)
satisfaction
b)
salary or wages
c)
profit
d)
professional fees
19.
How much capital investment is required for “Business”?
a)
as per size and nature of the business
b)
limited capital is required
c)
no capital is required
d)
None of the above
20.
How much capital investment is required for “Employment”?
a)
as per size and nature of the business
b)
limited capital is required
c)
no capital is required
d)
None of the above
21.
How much capital investment is required for “Profession”?
a)
as per size and nature of the business
b)
limited capital is required
c)
no capital is required
d)
None of the above
22.
Industry and commerce are the two broad categories of:
a)
Business
b)
Employment
c)
Profession
d)
Social
Service
23.
Which category of business activity is concerned with production or processing of goods and material?
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries
to trade
24.
Which category of business activity includes all those activities which are necessary for facilitating the exchange of goods and services?
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries
to trade
25.
Which economic activity is connected with “Conversion of useful resources into useful products”
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries to trade
26.
Activities, in which mechanical appliances and technical skills are involved, are known as:
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries to trade
27.
Activities, relating to producing or processing of goods as well as breeding and raising of animals, are known as:
a)
Trade
b)
Industry
c)
Commerce
d)
Auxiliaries to trade
28.
“Extractive Industry” and “Genetic Industry” are categorized under:
a)
Primary Industry
b)
Secondary Industry
c)
Tertiary Industry
d)
None of these
29.
Farming, mining, lumbering, hunting and fishing operations may included in
a)
Genetic Industry
b)
Extractive Industry
c)
Manufacturing Industry
d)
Construction Industry
30.
Breeding of plants, the seeds and nursery companies, activities of cattle-breeding farms, poultry farms, and fish hatchery come under the class of
a)
Genetic Industry
b)
Extractive Industry
c)
Manufacturing Industry
d)
Construction Industry
31.
The industries, which are concerned with using the materials, which have already been extracted at the primary stage, are:
a)
Primary
Industry
b)
Secondary
Industry
c)
Tertiary
Industry
d)
None
of these
32.
Flood, earthquake, lightning, heavy rains, famine, etc. are the ………………… causes of business risks.
a)
natural
b)
human
c)
economic
d)
technological
33.
The risks which involves uncertainty of profit or loss are …………………… risks.
a)
pure
b)
speculative
c)
both
34.
Advertising helps in providing information about available goods and inducing customers to:
a)
see
the particular item
b)
touch
the particular item
c)
buy
particular items
d)
to bye
the particular item
35.
When goods are imported for export to other countries, it is called
a)
enterpot
trade
b)
wholesale
trade
c)
import
trade
d)
export
trade
36.
When goods are purchased and sold in bulk, it is known as
a)
retail
trade
b)
wholesale trade
c)
internal trade
d)
external trade
37.
When goods are purchased and sold in comparatively smaller quantities, it is referred to as
a)
retail trade
b)
wholesale trade
c)
internal trade
d)
external trade
38.
Exchange of goods and services between persons or organisations operating in two or more countries is termed as:
a)
retail trade
b)
wholesale trade
c)
internal trade
d)
external trade
39.
If goods are purchased from another country, it is called
a)
retail trade
b)
wholesale trade
c)
import
d)
export
40.
If goods are sold to another country, it is called
a)
retail trade
b)
wholesale trade
c)
import
d)
export
41.
Goods held in stock as well as goods in course of transport are subject to the risk of loss or damage due to theft, fire, accidents, etc. Protection against these risks is provided by
a)
transport
b)
banking
c)
insurance
d)
warehousing
42.
The hindrance of time is removed by
a)
transport
b)
banking
c)
insurance
d)
warehousing
43.
Capital required to undertake the business activities is provided by
a)
transport
b)
banking
c)
insurance
d)
warehousing
44.
___________________ makes it possible for producers and traders to inform consumers about the goods and services available in the market.
a)
transport
b)
banking
c)
advdertising
d)
warehousing
45.
Manufacturing of television, car, computer etc. are related to:
a)
Analytical Industry
b)
Synthetic Industry
c)
Process Industry
d)
Assembling Industry
46.
Production of sugar from sugar cane is related to:
a)
Analytical Industry
b)
Synthetic Industry
c)
Process Industry
d)
Assembling Industry
47.
These industries are involved in the construction of buildings, dams, bridges, roads as well as tunnels and canals.
a)
Genetic
Industry
b)
Extractive
Industry
c)
Manufacturing
Industry
d)
Construction
Industry
48.
The hindrance of person is removed by:
a)
commerce
b)
industry
c)
trade
d)
auxiliaries to trade
49.
The hindrance of person is removed by:
a)
commerce
b)
industry
c)
trade
d)
auxiliaries to trade
50.
The hindrance of place is removed by:
a)
Transport
b)
banking
c)
insurance
d)
warehousing
Reset
