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WorksheetsEvolution and fundamentals of business
Total questions: 40
Worksheet time: 22mins
Identify economic activities
Working in a factory
Doing self domestic work
Jogging
Playing video games
Identify non economic activities
Donating for a noble cause
Helping senior citizen
Planting trees roadside
All the above
Which of the following is not a classification of economic activities
Management
Profession
Employment
Business
None of these
Obeying Code of conduct and being a member of association is must for
Business
Profession
Employment
All of these
None of these
Which of the following is not a feature of of employment
Service contract is must between employer and employee
The reward for doing the work is called fee
Job related knowledge and skills required
None of these
Which of the following is not feature of business
Element of risk
Element of uncertainty
Procurement or purchase of goods and services
Service motive
Dealing of goods and services on regular basis
Oil refinery is an example of
Processing industry
Analytical industry
Synthetical industry
Assembling industry
cement is an example of
Processing industry
Analytical industry
Synthetical industry
Assembling industry
sugar and paper are examples of
Processing industry
Analytical industry
Synthetical industry
Assembling industry
Car industry is an example of
Processing industry
Analytical industry
Synthetical industry
Assembling industry
Which of the following is an example of primary industry
Construction industry
Manufacturing industry
Packaging industry
None of these
Which of the following is not example of genetic industry
Fishing
breeding farms
poultry farms
Fish hatchery
‘Make in India’initiative are job creation and skille enhancement in ....... sectors of the economy, which are as follows.(fill in the blanks)
35
53
25
52
Choose the incorrect pair
Export-selling goods and services beyond the boundary of a country
Import-buying goods and services from other countries
Entrepot- importing from a country and exporting to other state
Wholesaler-selling goods in bulk
Retailers-selling goods in small quantity
all activities involving
the removal of hindrances in the
process of exchange are included in called (a)
Hindrance of risk is removed by
(a)
Hindrance of time is removed by
Insurance
Warehousing
Advertising
Transportation
Providing good working environment for the workers is an example of
Social objective
Personal objective
Economic objective
None of these
Which of the following is not the nature of business risk
Business risks arise due to
uncertainties:
Risk is not an essential part of
every business
Profit is the reward for risk
taking
Degree of risk depends mainly
upon the nature and size of
business
stoppage
of work due to power failure is ...........causes of business risk
Economic cause
Human cause
Natural cause
Which of the following is correct statement
Speculative risks involve both the
possibility of gain, as well as, the
possibility of loss.
Speculative risks arise due to changes in market conditions, including fluctuations in
demand and supply, changes in prices or changes in fashion and tastes of customers.
All of these
None of these
Pure risks involve only the
possibility of loss or no loss.
True
False
(a) was particularly valued in the Roman Empire and was known as ‘ Black Gold’(fill in the blanks)
Agate, carnelian, muslin
and mallow cloth were exported from which city of ancient India
Varanasi
Surat
Mathura
Ujjain
Name the ancient city of India which was an important
exporting centre for wool and for the
import of horses.
Peshawar
Indraprasth
Patliputra
Taxila
Choose the incorrect pair
Taxila-Buddhist centre of learning
Varanasi-major centre of textile industry
Kaveripatta-Foreign traders had their headquarters in this city.
Mithila-major centre for export
of stones
Which of the following is not an import items of ancient foreign trade of India
Horse
Gold
spices
Silver
India is estimated to have the
largest economy of the ancient and medieval world.
True
False
The British empire began to take
roots in India in the mid – 17th
century.
True
False
"Payable to the presenter or bearer"_It is function of which Hundi
Dhani-jog
Sah-jog
Firman-jog
Dekhan-har
Which of the following is feature of Sah-jog Hundi
Payable to any person—no
liability over who received
payment.
Payable to a specific person,
someone ‘respectable’. Liability
over who received payment.
Hundi made payable to order.
Drawn against dispatched goods. If
goods lost in transit, the drawer or
holder bears the coasts, and the
Drawee carries no liability
Chatt is
were important traders from the........
Northern India
Western India
Eastern India
Southern India
.............managed the
trade in the states of Gujarat and Rajasthan
Bhats
Punjabi
Multani
Chatt
autonomous corporations formed to protect the interests of the traders were called
Mahajans
Nagar Seths
Guilds
None of these
Your friend has sold his personal Mobile phone at profit. But it can't be treated as Business because of the following feature is missing
Profit earning
Dealings in goods and services on a regular basis
Production or procurement of
goods and services
Sale or exchange of goods and services
A thief has stolen a TV set and sold in market at a good price. But it can't be treated as Business because of the following feature is missing
Profit earning
Sale or exchange of goods and services
Production or procurement of
goods and services
"Transfer of interest" is possible in
Business
Profession
Employment
None of these
Which of the following is incorrect about pure risk
Pure risks involve only the
possibility of loss or no loss. .
The chance of fire, theft or strike are examples of pure risks.
Their occurrence may result in loss.
non-occurrence may explain absence of loss, instead of gain
None of these
Profit help in
Survival
Growth
Goodwill creation
All of these
None of these
tea is mainly produced in Assam while cotton in Gujarat and Maharashtra but they are required for consumption in different parts of the country how can this hindrance of place be removed?
Insurance
Warehousing
Trade
None of these
