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WorksheetsBusiness Characteristics Quiz
Total questions: 25
Worksheet time: 13mins
Which of the following is not a characteristic of business?
Economic activity
Involves risk
Legal activity
Social work
The industry concerned with extraction of natural resources is:
Manufacturing industry
Genetic industry
Extractive industry
Construction industry
Which one of the following is not a business activity?
A teacher teaching in school
A doctor running his clinic
A shopkeeper selling goods
A farmer selling his produce
The industry which provides support services to other industries is known as:
Primary
Secondary
Tertiary
Manufacturing
The basic purpose of a business is:
Service
Employment
Earning profits
Welfare
Which form of business organisation is owned and managed by a single person?
Partnership
Joint Hindu Family
Sole Proprietorship
Co-operative society
Minimum number of members in a public company is:
2
7
3
5
Which one of the following has a separate legal entity?
Sole proprietorship
Partnership
Joint Hindu Family
Company
Who contributes capital in a co-operative society?
Government
Owners
Members
Public
The maximum number of partners in a banking business is:
20
10
7
15
Which business enterprise is created by a special Act of Parliament?
Departmental Undertaking
Public Company
Statutory Corporation
Government Company
Which of the following is an example of a statutory corporation?
LIC
SBI
BHEL
ONGC
Which document contains rules and regulations of internal management of a company?
Prospectus
Memorandum of Association
Articles of Association
Certificate of Incorporation
Which service is not provided by a bank?
Accepting deposits
Providing loans
Issuing cheques
Providing internet services
Which of the following is a type of insurance?
Fire Insurance
Property Tax
Income Tax
Export Subsidy
In e-business, which of the following is not required?
Internet
Website
Paper invoices
Computer
Which is the benefit of e-business?
Personal interaction
Physical presence
Global reach
Local market only
Which of the following is not an element of business ethics?
Fair practices
Cheating customers
Respect for employees
Environmental protection
Which responsibility is related to paying taxes?
Legal
Ethical
Economic
Discretionary
The principle of mutual help and welfare is followed by:
Sole trader
Partnership
Co-operative society
Company
Which one of the following is an example of e-business?
Visiting a local grocery store
Shopping from Amazon
Buying from mall
Visiting a showroom
Which of the following is the oldest form of business organisation?
Sole Proprietorship
Partnership
Company
Co-operative
Which of the following is not a characteristic of services?
Intangibility
Storage
Inseparability
Variability
Which organisation has the motto “One for all and all for one”?
Partnership
Company
Co-operative Society
Government Company
Which of the following is a source of long-term finance?
Trade Credit
Bank Overdraft
Debentures
Bills of Exchange
