WorksheetsBusiness Trade and commerce
Total questions: 15
Worksheet time: 8mins
Which of the following does not characterise business activity?
(i) Production of goods and services
(ii) Presence of risk
(iii) Sale or exchange of goods and services
(iv) Salary or wages
Which of the broad categories of industries covers oil refinery and sugar mills?
(i) Primary
(ii) Secondary
(iii) Tertiary
(iv) None of them
Which of the following cannot be classified as an auxiliary to trade?
(i) Mining
(ii) Insurance
(iii) Warehousing
(iv) Transport
The occupation in which people work for others and get remunerated in return is known as
(i) Business
(ii) Employment
(iii) Profession
(iv) None of them
The industries which provide support services to other industries are known as
(i) Primary industries
(ii) Secondary industries
(iii) Commercial industries
(iv) Tertiary industries
Which of the following cannot be classified as an objective of business?
(i) Investment
(ii) Productivity
(iii) Innovation
(iv) Profit earning
Business risk is not likely to arise due to
(i) Changes in government policy
(ii) Good management
(iii) Employee dishonesty
(iv) Power failure
Cattle
breeding farms, poultry farms, and
fish hatchery come under which type of industries?
Manufacturing industries
Extractive industries
Secondary industries
Genetic industries
Oil refinery is a example of
Synthetical industry
Assembling industry
Analytical industry
Processing industry
Economic Activities =
Business + Profession
Business + Employment
Business + Employment
Business + Profession + Employment
