MCQ Questions Class 11 Nature and Purpose of Business With Answers

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 - 5

Question 1:

Which one of the following may not be a factor behind starting a business?

(i) Routine workload
(ii) size of the firm
(iii) finance
(iv) location of the business

Check Answer

Correct Answer – (A)

Question 2:

Why a business should earn profit?

(i) To provide return to investors.
(ii) To increase the reputation of business.
(iii) To provide funds for future growth.
(iv) All of the above.

Check Answer

Correct Answer – (D)

Question 3:

The industries which provides support services to other industries are known as

(i) Tertiary
(ii) Secondary
(iii) Manufacturing
(iv) Primary

Check Answer

Correct Answer – (A)

Question 4:

Which has the large scope :

(i) Trade
(ii) Commerce
(iii) Industry
(iv) Business

Check Answer

Correct Answer – (C)

Question 5:

Why a business should earn a profit?

(i) To provide a return to investors
(ii) To increase the reputation of the business
(iii) To provide funds for future growth
(iv) All of the above

Check Answer

Correct Answer – (D)

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 :

(i) Mining
(ii) Insurance
(iii) Warehousing
(iv) Transport.

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Correct Answer – (A)

Question 7:

Which of the following is not a natural cause of business risks?

(i) Earthquake
(ii) Strikes
(iii) Famine
(iv) Heavy Rains

Check Answer

Correct Answer – (B)

Question 8:

Following are the characteristics of business risks. One of then is not correct. Please identify it.

(i) Loss is the reward for risk bearing
(ii) Business risks are due to uncertainties
(iii) Risk is an essential component of every business
(iv) Degree of risk depends mainly upon the nature and size of business

Check Answer