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

  • 1. 
    Which of the following cannot be classified as an auxiliary to trade?

  • Mining
  • Insurance
  • Warehousing
  • Transport

  • 2. 
    Which of the broad categories of industries covers oil refinery and sugar mills?

  • Primary
  • Secondary
  • Tertiary
  • None of these

  • 3. 
    Which of the following is not an example of non-economic activity?

  • Patriotism
  • teaching
  • sentiment
  • sympathy

  • 4. 
    Transfer of interest exists in the case of

  • Profession
  • employment
  • business
  • none of these

  • 5. 
    ‘Earning of profit is considered to be the subsidiary objective of the business. ’ The given statement is

  • True
  • false
  • cannot say
  • None

  • 6. 
    Name the two broad categories of business activities.

  • Trade and commerce
  • trade and industry
  • industry and commerce
  • none of these

  • 7. 
    The possibilities of inadequate profits or even losses due to uncertainties are known as ____________

  • Business contingencies
  • Business risks
  • Business ventures
  • None of these
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