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11th SSV BATCH BO MCQ

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

What is the objective of economic activity?

a)

Service

b)

Financial return

c)

Love

d)

Emotion

2.

What is necessary to continue the business?

a)

Non-economic activity

b)

Service to country

c)

Profit

d)

Re-export

3.

Which is the yard stick for the efficiency of business?

a)

Profit

b)

Management

c)

Production

d)

Sales

4.

Which utility is created when finished goods are manufactured from the raw material?

a)

Place

b)

Time

c)

Economic

d)

Form

5.

With what is the objective of benefit of maximisation of wealth of business connected?

a)

Manager

b)

Employee

c)

Owner

d)

Customer

6.

What is the reward of employment?

a)

Salary

b)

Fees

c)

Profit

d)

Capital

7.

What type of activity is trade?

a)

Economic

b)

Non-economic

c)

Religious

d)

Social

8.

What is meant by production by adding utility to the natural wealth?

a)

Trade

b)

Auxiliary services

c)

Commerce

d)

Industry

9.

Which types of industries are agriculture, animal-husbandry, fisheries ?

a)

Primary

b)

Secondary

c)

Tertiary

d)

Capital intensive

10.

Which type of economic activity is performed by a government servant getting salary in return of his work ?

a)

Business

b)

Profession

c)

Employment

d)

Commerce

11.

Which of the following principle is not an insurance principle ?

a)

Principle of Utmost Good Faith

b)

Principle of Indemnity

c)

Principle of Insurable Interest

d)

Principle of profit

12.

Which type of insurance is ancient and widely prevalent ?

a)

Goods Transit Insurance

b)

Marine Insurance

c)

Air Insurance

d)

Rail/Road Insurance

13.

How much amount is paid for Kisan Vikas Patra on maturity ?

a)

Double

b)

Triple

c)

Four Times

d)

Five Times

14.

Which types of Insurance involves highest risk, out of the following ?

a)

Goods transport Insurance

b)

Marine Insurance

c)

Air Insurance

d)

Rail/Road Insurance

15.

In which types of money order services, money does not reach to the doorstep of the receiver ?

a)

Ordinary Money Order

b)

Instant Money Order (IMO)

c)

E-Money Order

d)

Special Money Order