• 1. 
    The advantage of a private limited liability company is

  • large capital than the partnership
  • it cannot sue and be sued
  • shareholders have unlimited liability
  • it discourages expansion
  • 2. 
    Which is not a Nature of Business Risks?

  • Business risks arise due touncertainties
  • Risk is an essential part of every business
  • Degree of risk not depends mainlyupon the nature and size ofbusiness
  • Profit is the reward for risktaking
  • 3. 
    Hindrance of place is removed by:

  • Communication
  • Advertisement
  • Warehousing
  • Transportation
  • 4. 
    Name the two broad categories of business activities.

  • Trade and commerce
  • trade and industry
  • industry and commerce
  • none of these
  • 5. 
    Which of the following cannot be classified as an auxiliary to trade?

  • Mining
  • Insurance
  • Warehousing
  • Transport
  • 6. 
    Cattlebreeding farms, poultry farms, andfish hatchery come under which type of industries?

  • Manufacturing industries
  • Extractive industries
  • Secondary industries
  • Genetic industries
  • 7. 
    Mohenjodaro werefounded in

  • Second millennium B.C.
  • third millennium B.C.
  • Fourth millennium B.C.
  • third millennium A.D.
  • 8. 
    The industries which provide support services to other industries are known as

  • (i) Primary industries
  • (ii) Secondary industries
  • (iii) Commercial industries
  • (iv) Tertiary industries
  • 9. 
    Oil refinery is a example of

  • Synthetical industry
  • Assembling industry
  • Analytical industry
  • Processing industry
  • 10. 
    Hundi that is payable on order following a fixed term is called________.

  • Dhani-jog (Darshani)
  • Jokhmi (Muddati)
  • Firman-jog (Muddati)
  • Dhani-jog (Muddati)
  • 11. 
    Which city was famous for 'Gold silk cloth'?

  • Varanasi
  • Mithila
  • Tamralipti
  • Ujjain
  • 12. 
    ___ is a document in which the regulations which govern the internal management of the company's affairs, the duties, rights and powers of the members are stated.

  • certificate of trading
  • memorandum of association
  • articles of association
  • prospectus
  • 13. 
    Economic activities may be classified into business, ___________ and employment

  • profession
  • Vocation
  • Occupation
  • Work
  • 14. 
    It was the capital of the Pandayas who controlled the pearl fisheries of the Gulf of Mannar. It attracted foreign merchants, particularly Romans, for carrying out overseas trade.

  • Mathura
  • Tamralipti
  • Surat
  • Madura
  • 15. 
    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
  • 16. 
    Which of the following is not a Cause of Business Risks?

  • Natural causes
  • Human causes
  • Economic causes
  • artistic causes
  • 17. 
    ___ is the organisation set up, owned and financed by individuals to promote the welfare of the members

  • limited company
  • public enterprise
  • cooperative society
  • partnership business
  • 18. 
    The occupation in which people work for others and get remunerated in return is known as

  • Business
  • Profession
  • Employment
  • None of these
  • 19. 
    Transfer of interest exists in the case of

  • Profession
  • employment
  • business
  • none of these
  • 20. 
    Payable to a specific person,someone ‘respectable’. Liabilityover who received payment.

  • Sah-jog - Darshani
  • Firman-jog - Darshani
  • Dekhan- har - Darshani
  • Firman-jog -Muddati
  • 21. 
    All are types of cooperative society EXCEPT

  • producers cooperative society
  • consumers cooperative society
  • credit and thrift cooperative society
  • managers' cooperative society
  • 22. 
    Which of the broad categories of industries covers oil refinery and sugar mills?

  • (i) Primary
  • (ii) Secondary
  • (iii) Tertiary
  • (iv) None of them
  • 23. 
    Commerce includes activities relating to trade and _________________ to trade.

  • auxilaries
  • Subsidiaries
  • Supporting
  • None of these
  • 24. 
    Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is

  • True
  • false
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