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WorksheetsNATURE AND SIGNIFICANCE OF BUSINESS
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Which one of the following may not be a factor behind starting a business?
a)
Routine workload
b)
size of the firm
c)
finance
d)
location of the business
2.
Transfer of interest exists in the case of
a)
Profession
b)
employment
c)
business
d)
none of these
3.
Pisciculture comes under which industry?
a)
Extractive
b)
Genetic
c)
Manufacturing
d)
Constructive
4.
What type of cause is fluctuation of price in the market?
a)
Physical
b)
Human
c)
Economic
d)
Natural
5.
Business risk is not likely to arise due to:
a)
Good management
b)
Changes in government policy
c)
Employee Dishonesty
d)
Power failure
6.
Central Warehousing Corporation, the premier warehousing agency in India, provides logistics support to the agricultural sector. Hence, such type of corporation helps in removing hindrance of
a)
Place
b)
Time
c)
Information
d)
Money
7.
A type of reward of non-economic activity is
a)
salary
b)
donation
c)
appreciation
d)
profits
8.
A fertiliser manufacturing plant falls under
a)
Synthetical industry
b)
Analytical industry
c)
Processing industry
d)
Assembling industry
9.
Following are the characteristics of business risks. One of then is not correct. Please identify it.
a)
Loss is the reward for risk bearing
b)
Business risks are due to uncertainties
c)
Risk is an essential component of every business
d)
Degree of risk depends mainly upon the nature and size of business
10.
Which of the following does not characterise business activity:
a)
Production of goods & services
b)
Presence of risk
c)
Sale & exchange of goods & services
d)
Salary or wages
11.
Pramod runs a courier company. His company falls under
a)
Primary industry
b)
Secondary industry
c)
Tertiary industry
d)
Assembling industry
12.
Someone who starts, operates and assumes the risk of a business is known as an...
a)
Investor
b)
Interest person
c)
Entrepreneur
d)
Business inventor
13.
The possibilities of inadequate profits or even losses due to uncertainties are known as _______
a)
Business contingencies
b)
Business risks
c)
Business ventures
d)
None of these
14.
'Earning of profit is considered to be the subsidiary objective of the business.' The given statement is
a)
True
b)
false
c)
cannot say
d)
on
15.
Which of the following is not an example of non-economic activity?
a)
Patriotism
b)
teaching
c)
sentiment
d)
sympathy
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