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 - 2
Question 1:
Specialized knowledge and skill is needed in :
(a) Employment
(b) Non-Economic activity
(c) Profession
(d) None of these.
Correct Answer – (C)
Question 2:
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)
Question 3:
Name the two broad categories of business activities.
(a) Trade and commerce
(b) trade and industry
(c) industry and commerce
(d) none of these
Correct Answer – (C)
Question 4:
Transfer of interest exists in the case of
(a) Profession
(b) employment
(c) business
(d) none of these
Correct Answer – (C)
Question 5:
Which of the broad categories of industries covers oil refinery and sugar mills?
(a) Primary
(b) Secondary
(c) Tertiary
(d) None of these
Correct Answer – (B)
MCQ Questions Class 11 Nature and Purpose of Business With Answers
Question 6:
Which of the following cannot be classified as an auxiliary to trade :
(a) Mining
(b) Insurance
(c) Warehousing
(d) Transport.
Correct Answer – (A)
Question 7:
The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
(a) Business contingencies
(b) Business risks
(c) Business ventures
(d) None of these
Correct Answer – (B)
Question 8:
‘Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
(a) True
(b) false
(c) cannot say
(d) None
Correct Answer – (B)
Question 9:
Which of the following is not an example of non-economic activity?
(a) Patriotism
(b) teaching
(c) sentiment
(d) sympathy
Correct Answer – (B)
Question 10:
Which of the following cannot be classified as an auxiliary to trade?
(a) Mining
(b) Insurance
(c) Warehousing
(d) Transport
