Class 11 Nature And Purpose Of Business CBSE Questions & Answers

Class 11 · Nature And Purpose Of Business

This is Business Studies class 11 Nature and Purpose of Business CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Which of the following is a cause of business risks?
  • A
    Human Cause
  • B
    All of these
    Correct
  • C
    Economic Cause
  • D
    Natural Cause
2
Which of the following is not a natural cause of business risks?
  • A
    Strikes
    Correct
  • B
    Earthquake
  • C
    Famine
  • D
    Heavy Rains
3
Which of the following is a human cause of business risks?
  • A
    All of these
    Correct
  • B
    Riots
  • C
    Dishonesty
  • D
    Strikes
4
Which of the following is an economic cause of business risks?
  • A
    Competition
  • B
    Demand for goods
  • C
    All of these
    Correct
  • D
    Price
5
The term ___________ refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events.
  • A
    Social responsibility
  • B
    Marketing
  • C
    Entrepreneurship
  • D
    Business Risks
    Correct
6
The word marketing standing is concerned with ___________
  • A
    Competitors
  • B
    Customers
  • C
    Position of an enterprise
    Correct
  • D
    Supply of the product
7
Trade is an essential part of commerce. It refers to _____________
  • A
    None of these
  • B
    Profession
  • C
    Sale, transfer or exchange of goods
    Correct
  • D
    Small business
8
Usually, goods are not sold or consumed immediately after production. They are held in stock to make them available as and when required. For this purpose _______ is important.
  • A
    Finance
  • B
    Banking
  • C
    Advertising
  • D
    Warehousing
    Correct
9
Business involves various types of risks. To protect a business against these risks _____ is required.
  • A
    Advertising
  • B
    Insurance
    Correct
  • C
    Banking
  • D
    Transport
10
________ is one of the most important methods of promoting the sale of products.
  • A
    Insurance
  • B
    Warehousing
  • C
    Advertising
    Correct
  • D
    Banning and finance
11
Tea is mainly produced in Assam; Cotton in Gujarat and Maharashtra; Jute in west Bengal and Orissa; Sugar in U.P, Bihar and Maharashtra. But these goods are required for consumption in different parts of the country. For this purpose ________ is very important.
  • A
    Transport and Communication
    Correct
  • B
    Banking and Finance
  • C
    Advertising
  • D
    Insurance
12
Activities which are meant for assisting trade are known as __________
  • A
    Profession
  • B
    Banking and Finance
  • C
    Advertising
  • D
    Auxiliaries to Trade
    Correct
13
Commerce provides the necessary link between _____________
  • A
    Wholesaler and Consumers
  • B
    Retailers and Consumers
  • C
    None of these
  • D
    Producers and Consumers
    Correct
14
Commerce includes two types of activities _______________
  • A
    Trade and Auxiliaries to trade
    Correct
  • B
    Profession and Employment
  • C
    None of these
  • D
    Banking and finance
15
____________ industries remain engaged in breeding plants and animals for their use in further production.
  • A
    Synthetical industry
  • B
    Genetic industries
    Correct
  • C
    Extractive industries
  • D
    Processing industry