CBSE  /  Class 11  /  Business Studies  /  Nature and Purpose of Business

  • 1. 
    Business risk is not likely to arise due to

  • Changes in government policy
  • Good management
  • Employee dishonesty
  • Power failure

  • 2. 
    The industries which provide support services to other industries are known as

  • Primary industries
  • Secondary industries
  • Commercial industries
  • Tertiary industries

  • 3. 
    The occupation in which people work for others and get remunerated in return is known as

  • Business
  • Profession
  • Employment
  • None of these

  • 4. 
    Which of the following does not characterize business activity?

  • Production of goods & services
  • Presence of risk
  • Sale or exchange of goods and services
  • Salary and wages

  • 5. 
    Economic activities may be classified into business, ___________ and employment

  • Profession
  • occupation
  • vocation
  • work

  • 6. 
    Human activities are of ____________ types

  • One
  • two
  • three
  • four

  • 7. 
    Following are the characteristics of business risks. One of then is not correct. Please identify it.

  • Loss is the reward for risk bearing
  • Business risks are due to uncertainties
  • Risk is an essential component of every business
  • Degree of risk depends mainly upon the nature and size of business

  • 8. 
    Commerce includes activities relating to trade and _________________ to trade.

  • Supporting
  • subsidiaries
  • auxiliaries
  • none of these

  • 9. 
    Which one of the following may not be a factor behind starting a business?

  • Routine workload
  • size of the firm
  • finance
  • location of the business

  • 10. 
    Which of the following cannot be classified as an objective of business?

  • Investment
  • Productivity
  • Innovation
  • Profit earning
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