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 - 4
Question 1: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 2:Â
Which of the following is not a characteristic of a business activity?
(a) Wages
(b) Sale of product
(c) The factor of risk
(d) Manufacturing goods and services
Correct Answer – (A)
Question 3: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 4: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)
Question 5:Â
Which of the broad categories of industries covers oil refinery and sugar mills?
(a) Primary
(b) Secondary
(c) Tertiary
(d) None of the above
Correct Answer – (B)
MCQ Questions Class 11 Nature and Purpose of Business With Answers
Question 6:Â
The rework of risk is :
(a) Success
(b Failure
(c) Profit
(d) Loss
Correct Answer – (C)
Question 7:Â
Business risk is not likely to arise due to
(a) Power failure
(b) Employee dishonesty
(c) Changes in government policy
(d) Good management
Correct Answer – (D)
Question 8:Â
Soaps are included under which type of industry
(a) Synthetical Industry.
(b) Analytical Industry.
(c) Processing Industry.
(d) Assembling Industry.
Correct Answer – (A)
Question 9: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 10:Â
Which of the following is an economic cause of business risks?
(a) Demand for goods
(b) Competition
(c) Price
(d) All of the above
