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Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business

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1. Business risk is not likely to arise due to




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




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




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




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




6. Human activities are of ____________ types




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




8. Commerce includes activities relating to trade and ____ to trade.




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




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




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




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




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




14. Transfer of interest exists in the case of




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




16. Name the two broad categories of business activities.




17. The possibilities of inadequate profits or even losses due to uncertainties are known as ______