Bst class 11

Which of following is not an advantage of sole proprietorship?

• Easy formation

• Secrecy

• Unlimited liability

• Quick decision

Which economic activity deals with providing services through special skills?

• Business

• Profession

• Employment

• Trade

Which of following is not a feature of business?

• Risk

• Regularity of transaction

• Economic activity

• Size of business

Type of economic activity in which no capital is required at all.

• Business

• Profession

• Employment

• Industry

Tertiary industry does not include?

• Banking

• Insurance

• Transportation

• Trade

Which of following is not an economic objective of business?

• Survival

• Profit

• Good working condition

• Growth

Which of following is not an objective of business?

• Personal

• Group

• Social

• Economic

Trade means?

• Buying and selling of goods and services

• Conversion of raw material into finished goods.

• Banking services

• Insurance services

Which of following activities code of conduct is mandatory?

• Profession

• Employment

• Business

• Trade

In which of following form of business organization single owner is there?

• Partnership

• Company

• Co operative society

• Sole proprietorship