MCQ Questions for Class 11 Business Studies: Ch 1 Business, Trade and Commerce

MCQ Questions for Class 11 Business Studies: Ch 1 Business, Trade and Commerce

1. Which of the following is not concerned with profession?
(a) Manufacturing goods and services
(b) Specialised body of knowledge and skill
(c) Code of conduct
(d) Formal Training
► (a) Manufacturing goods and services

2. Which of the broad categories of industries covers oil refinery and sugar mills?
(a) Primary
(b) Secondary
(c) Tertiary
(d) None of the above
► (b) Secondary

3. Commerce includes activities relating to trade and _________________ to trade.
(a) Auxiliaries
(b) Subsidiaries
(c) Supporting
(d) None of the above
► (a) Auxiliaries

4. Bad debts due to non-payment of debt by debtor are an example of which type of business risk?
(a) Human
(b) Natural
(c) Physical
(d) Economic
► (a) Human

5. Which of the following is not a characteristic of a business activity?
(a) Wages
(b) Sale of product
(c) The factor of risk
(d) Manufacturing goods and services
► (a) Wages

6. __________ is an economic activity
(a) Non-employment
(b) Employment
(c) Non profit organisation
(d) None of the above
► (b) Employment

7. Business risk is not likely to arise due to
(a) Power failure
(b) Employee dishonesty
(c) Changes in government policy
(d) Good management
► (d) Good management

8. Which one of the following is an economic activity in which specialized knowledge is required?
(a) Profession
(b) Business
(c) Employment
(d) None of the above
► (a) Profession

9. The word marketing standing is concerned with _____
(a) Position of an enterprise
(b) Supply of the product
(c) Customers
(d) Competitors
► (a) Position of an enterprise

10. Bad debts due to non-payment of debts by debtors is an example of which type of business risk?
(a) Human
(b) Natural
(c) Physical
(d) Economic
► (a) Human

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) Banking and Finance
(b) Advertising
(c) Insurance
(d) Transport and Communication
► (d) Transport and Communication

12. Why a business should earn profit?
(a) To provide return to investors. 
(b) To increase the reputation of business.
(c) To provide funds for future growth.
(d) All of the above.
► (d) All of the above

13. Which one of the following is NOT an Auxiliary to trade?
(a) Mining
(b) Warehousing
(c) Insurance
(d) Transport
► (a) Mining

14. Which of the following is not a natural cause of business risks?
(a) Earthquake
(b) Strikes
(c) Famine
(d) Heavy Rains
► (b) Strikes

15. Which of the following cannot be classified as an auxiliary to trade?
(a) Transport
(b) Insurance
(c) Mining
(d) Warehousing
► (c) Mining

16. Which one of the following may not be a factor behind starting a business
(a) Routine workload
(b) Size of the firm
(c) Finance
(d) Location of the business
► (a) Routine workload

17. Which of the following is an instrument of exchange, which was prominent in the subcontinent?
(a) Copper
(b) Hundi
(c) Gold
(d) Silver
► (b) Hundi

18. The occupation in which people work for others and get remunerated in return is known as:
(a) Profession
(b) Employment
(c) Business
(d) None of the above
► (b) Employment

19. The industries which provide support services to other industries are known as
(a) Primary industries
(b) Commercial industries
(c) Tertiary industries
(d) Secondary industries
► (c) Tertiary industries

20. The term business is derived from the word ______________
(a) Buy and selling
(b) Financial markets
(c) Proprietorship
(d) Busy
► (d) Busy

21. Which of the following is an economic activity?
(a) Social Activities
(b) Patriotic Activities
(c) Profession
(d) Religious Activities
► (c) Profession

22. Which one of the following is NOT the objective of the business?
(a) Investment
(b) Innovation.
(c) Creation of customers.
(d) Profit making
► (a) Investment

23. Which one of the following is an economic activity in which specialized knowledge is required?
(a) Profession
(b) Business
(c) Employment
(d) None of the above
► (a) Profession

24. Which of the following is an economic cause of business risks?
(a) Demand for goods
(b) Competition
(c) Price
(d) All of the above
► (d) All of the above
Previous Post Next Post
X
Free Study Rankers App Download Now