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Class 11 Business Studies Chapter 1 Business, Trade And Commerce Quiz 4 (25 MCQs)

Quiz Instructions

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1. Which of the following does not characterise business activity?
2. What is a significant cause of business risks?
3. Which of the following is an example of a primary industry?
4. Assertion (A) Earning Livelihood is the main aim of Economic activities. Reason (R) It helps people in earning their bread and butter by performing several activities.
5. ..... and ..... were important components of economic life of ancient people.
6. Hundi made payable to orderfollowing a fixed term.
7. No specific qualifications and skills are required in .....
8. In which activity, specialised knowledge is required?
9. India was witness approximately ..... of world total wealth between 1500 to 1750 AD.
10. Ruchi is a practicing Chartered Accountant. She has her C.A. Firm in Hyderabad, Telangana. She deals in providing Income Tax and GST-related services to her clients against very reasonable consultancy fees. She has her own professional coaching classes for C.A. Enrolled Students. Identify the types of economic activities performed by Ruchi as referred to in the above case.
11. Which of the broad categories of industries covers oil refineries and sugar mills?
12. Payable to a specific person, someone 'respectable'. Liabilityover who received payment.
13. Poultary farms come under which type of industry?
14. I mean sale, transfer or exchange of goods. I am an essential part of commerce. Who am I?
15. Which of these cannot be classified as an auxiliary to trade
16. Oil refinery is a example of
17. Which one of the following is an economic activity in which specialized knowledge is required?
18. "Vasco da Gama" belong to which country?
19. State which of the following is an economic activity:
20. Which one of the following may not be a factor behind starting a business?
21. "Wieden+Kennedy" is advertising agency which designed making India logo is belong to which country?
22. What is the primary function of banking in business?
23. Reward orreturn of business is .....
24. Which city was famous for 'Gold silk cloth'?
25. Which of the following is not an example of non-economic activity?
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