CBSE Class 11 Nature and Purpose of Business Multiple Choice Questions with Answers. MCQ Questions Class 11 Nature and Purpose of Business with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Nature and Purpose of Business with Answers to know their preparation level.
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MCQ Questions Class 11 Nature and Purpose of Business with Answers - Set - 3
Question 1:
An association of 25 people not registered under the companies act, but carrying on business, is a/an _________.
(a) partnership
(b) private company
(c) public company
(d) illegal association
Correct Answer – (D)
Question 2:
Which of the following is the characteristic of a business?
(a) Production
(b) Exchange or sale
(c) Risk element
(d) All the above
Correct Answer – (D)
Question 3:
Who is dormant partner?
(a) One who takes no active part in business
(b) A working partner
(c) Partner for profits
(d) Minor partner
Correct Answer – (A)
Question 4:
Which of the following is an extractive industry?
(a) Cattle breeding
(b) Forest cultivation
(c) Hunting.
(d) Flour mills
Correct Answer – (C)
Question 5:
The occupation in which people work for others and get remunerated in return is known as :
(a) Business
(b) Employment
(c) Profession
(d) None of them.
Correct Answer – (B)
MCQ Questions Class 11 Nature and Purpose of Business With Answers
Question 6:
Which of the following is an instrument of exchange, which was prominent in the subcontinent?
(a) Copper
(b) Hundi
(c) Gold
(d) Silver
Correct Answer – (B)
Question 7:
A private company should have at least _________ members.
(a) 2
(b) 7
(c) 10
(d) 50
Correct Answer – (A)
Question 8:
A valid definition of a business purpose is to ______.
(a) Create a customer
(b) Maximize profits
(c) Serve the society
(d) Increase the wealth of the firm
Correct Answer – (A)
Question 9:
If a person want complete confidentiality in his business and want no interference of any other person then suitable form is
(a) Sole Proprietorship
(b) Partnership
(c) Joint Hindu Family
(d) Coopperative Society
Correct Answer – (A)
Question 10:
It is not included in code of conduct:
(a) Rules
(b) Dishonesty
(c) Integrity
(d) Morality
