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WorksheetsBUSINESS STUDIES - XI
Total questions: 25
Worksheet time: 13mins
Which service from the below mentioned provides protection from risk?
Banking
Transportation
Insurance
Postal & telegram
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
Services that have been traditionally been performed at home are part of which industry?
Tertiary
Primary
Quinary
Secondary
What is the first stage of the business life cycle?
Post-maturity
growth
maturity
establishment
1.Which of the following does not characterise business activity?
Production of goods
Presence of risk
Sale or exchange of goods and services
Salary or wages
2.Which of the broad categories of industries covers oil refinery and sugar mills?
Primary
Secondary
Tertiary
None of them
Business risk is not likely to arise due to
Change in government policy
Good management
Employee's dishonesty
Power failure
Which of the following is an economic activity?
A housewife cooking food for her family
A person selling cold water on the pavement
A young boy driving his motorcycle in the City
An old man offering prayers in a temple
Which of the following does not characterise business activity?
Production of goods
Presence of risk
Sale or exchange
Salary or wages
Fishing is what type of industry?
Primary
Secondary
Tertiary
commercial
Dr Mohan Kumar is working against the post of a senior doctor in a government hospital. He does not discriminate between the rich and poor while treating his patients medically. When he returns home from the hospital, he attends to the poor patients at home free of cost between 6:00 p.m. to 8:00 p.m. Besides, he gives them the information about the employment opportunities.
1. What type of activities does Dr Mohan Kumar perform at home?
Economic
Non-Economic
Profession
Business
Which of the following cannot be classified as an objective of business?
Investment
Productivity
Innovation
Profit earning
Name the occupation in which people work for others and get remunerated in return
Business
Profession
Employment
None of the above
...……………. facilitate buying & selling of goods
Trade
Industry
Auxiliaries to trade
None of these
The market share of Nokia phones in India has shrunk from 80% to 20%. Nokia faces business risk arising from
Human Causes
Economic causes
Natural causes
Other causes
