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WorksheetsBusiness, Trade and Commerce
Total questions: 25
Worksheet time: 4mins
Which of these does not characterize a business activity?
Production of goods
presence of risk
sale and exchange
salary or wages
Fishing is what type of industry
Primary Industry
secondary industry
commercial industry
tertiary industry
conversion of cotton into cloth is an example of a genetic industry. True or False
(a)
Transfer of interest exists in the case of
employment
business
profession
both b) and c)
the 2 broad categories of business are
trade and industry
trade and commerce
industry and commerce
none of these
Business risk is not likely to arise due to
changes in government policy
good management
employee dishonesty
power failure
Commerce includes activities relating to trade and (a) to trade
Which of the following cannot be classified as an objective of business
productivity
innovation
profit-earning
investment
The possibilities of inadequate profits or even losses due to uncertainties are known as
(a)
Which of these cannot be classified as an auxiliary to trade
insurance
mining
warehousing
transport
Which of the following is not an example of non-economic activity?
patriotism
teaching
sentiment
sympathy
The occupation in which people work for others and get remunerated in return is known as
business
profession
employment
none of these
"No minimum qualification is necessary." The given statement characterizes
business
profession
employment
none of these
"greater the _____ involved, higher is the chance of ______
(a)
Which one of the following may not be a factor behind starting a business?
size of firm
routine workload
finance
location of business
The service of commerce which provides protection to businessmen is known as
insurance
banking
trade
none of these
Ethics are most important in
business
profession
employment
all of these
Reward/return for profession is known as
salary
fees
profit
can't say
which of the following is an example of a profession?
shop
Chartered accountancy
insurance companies
factory
The maritime route linked from east to west by sea and was used for the trade of spices. this route was known as
sea route
spice route
silk route
none of these
Pataliputra was not only a commercial town but also a major center for the export of stones. True or false?
(a)
The First Five Year Plan was implemented in
1947
1950
1952
1948
India was referred to as (a) in the writings of many travellers due to its prosperity.
Pepper was valued much in the Roman empire and was known as (a) .
Madura was the capital of Pandyas which attracted Romans for overseas trade. True or false?
(a)
