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 does not characterise business activity?
  • A
    Presence of risk and services
  • B
    Sale or exchange of
  • C
    Salary or wages goods and services
    Correct
  • D
    Production of goods
2
Which of the broad categories of industries covers oil refinery and sugar mills?
  • A
    None of them
  • B
    Tertiary
  • C
    Secondary
  • D
    Primary
    Correct
3
Which of the following cannot be classified as an auxiliary to trade?
  • A
    Warehousing
  • B
    Insurance
  • C
    Transport
  • D
    Mining
    Correct
4
The occupation in which people work for others and get remunerated in return is known as:
  • A
    Employment
    Correct
  • B
    None of them
  • C
    Profession
  • D
    Business
5
The industries which provide support services to other industries are known as
  • A
    Tertiary industries
    Correct
  • B
    Primary industries
  • C
    Commercial industries
  • D
    Secondary industries
6
Which of the following cannot be classified as an objective of business?
  • A
    Productivity
  • B
    Investment
    Correct
  • C
    Profit earning
  • D
    Innovation
7
Business risk is not likely to arise due to
  • A
    Changes in government policy
  • B
    Power failure
  • C
    Good management
    Correct
  • D
    Employee dishonesty
8
The term business is derived from the word ______________
  • A
    Busy
    Correct
  • B
    Buy and selling
  • C
    Proprietorship
  • D
    Financial markets
9
Business is considered to be _________________
  • A
    Social Activity
  • B
    An Economic Activity
    Correct
  • C
    Political Activity
  • D
    None of these
10
Which of the following is a part of economic activity?
  • A
    All of these
    Correct
  • B
    Employment
  • C
    Business
  • D
    Profession
11
The main purpose of economic activities is________________
  • A
    To earn more and more profit
    Correct
  • B
    To avoid loss
  • C
    To provide free services
  • D
    To earn less profit
12
Which of the following is an economic activity?
  • A
    Social Activities
  • B
    Profession
    Correct
  • C
    Patriotic Activities
  • D
    Religious Activities
13
Which of the following is not a characteristic of business?
  • A
    Creation of utilities
  • B
    Entrepreneurship
  • C
    Non economic activities
    Correct
  • D
    Regularity of dealing
14
Which of the following is not concerned with profession?
  • A
    Formal Training
  • B
    Specialised body of knowledge and skill
  • C
    Cod of conduct
  • D
    Manufacturing goods and services
    Correct
15
_______________ is an economic activity
  • A
    Employment
    Correct
  • B
    Non-employment
  • C
    None of these
  • D
    Non profit organisation