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.
Students who are searching for NCERT MCQ Questions Class 11 Nature and Purpose of Business with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Nature and Purpose of Business with Answers. You can also verify your answers from the provided MCQ Class 11 Nature and Purpose of Business with Answers. So, ace up your preparation with MCQ of Class 11 Business Studies Examinations.
MCQ Questions Class 11 Nature and Purpose of Business with Answers - Set - 1
Question 1:Â
Which of the following cannot be classified as an objective of business?
(a) Investment
(b) Productivity
(c) Innovation
(d) Profit earning
Correct Answer – (A)
Question 2:Â
Commerce includes activities relating to trade and _________________ to trade.
(a) Supporting
(b) subsidiaries
(c) auxiliaries
(d) none of these
Correct Answer – (C)
Question 3:Â
Human activities are of ____________ types
(a) One
(b) two
(c) three
(d) four
Correct Answer – (B)
Question 4:Â
Which of the following does not characterize business activity?
(a) Production of goods & services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary and wages
Correct Answer – (D)
Question 5:Â
The industries which provide support services to other industries are known as
(a) Primary industries
(b) Secondary industries
(c) Commercial industries
(d) Tertiary industries
Correct Answer – (D)
MCQ Questions Class 11 Nature and Purpose of Business With Answers
Question 6:Â
Which one of the following may not be a factor behind starting a business?
(a) Routine workload
(b) size of the firm
(c) finance
(d) location of the business
Correct Answer – (A)
Question 7:Â
Following are the characteristics of business risks. One of then is not correct. Please identify it.
(a) Loss is the reward for risk bearing
(b) Business risks are due to uncertainties
(c) Risk is an essential component of every business
(d) Degree of risk depends mainly upon the nature and size of business
Correct Answer – (A)
Question 8:Â
Economic activities may be classified into business, ___________ and employment
(a) Profession
(b) occupation
(c) vocation
(d) work
Correct Answer – (A)
Question 9:Â
The occupation in which people work for others and get remunerated in return is known as
(a) Business
(b) Profession
(c) Employment
(d) None of these
Correct Answer – (C)
Question 10:Â
Business risk is not likely to arise due to
(a) Changes in government policy
(b) Good management
(c) Employee dishonesty
(d) Power failure
