Buisness studies Class 11 MCQ'S test of Lesson 1 (Nature and purpose of Buisness)
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Objective type questions
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Which of the following is not an example of non-economic activity? *
1 point
Name the two broad categories of business activities. *
1 point
The occupation in which people work for others and get remunerated in return is known as *
1 point
Which one of the following may not be a factor behind starting a business? *
1 point
Which of the following cannot be classified as an auxiliary to trade? *
1 point
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Choose one correct option
The possibilities of inadequate profits or even losses due to uncertainties are known as ____________ *
1 point
Commerce includes activities relating to trade and _________________ to trade. *
1 point
Human activities are of ____________ types *
1 point
_________ has the large scope *
1 point
Transfer of interest exists in the case of __________. *
1 point
True/False
Earning of profit is considered to be the subsidiary objective of the business.’ *
1 point
Economic activity = Business + Profession + Employment *
1 point
Transfer of interest exists in the case of buisness *
1 point
Investment cannot be classified as an objective of business. *
1 point
Primary broad categories of industries covers oil refinery and sugar mills. *
1 point
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