BUSINESS STUDIES QUIZ
Authored by Arushi Sinha
Business, Other
11th Grade
Used 29+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The possibilities of inadequate profits or even losses due to uncertainties are known as _______
Business contingencies
Business risks
Business ventures
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the two broad categories of business activities.
Trade and commerce
trade and industry
industry and commerce
none of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commerce includes activities relating to trade and ____________
Supporting
subsidiaries
auxiliaries to trade
none of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'Earning of profit is considered to be the subsidiary objective of the business.' The given statement is
True
false
cannot say
on
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following are the characteristics of business risks. One of then is not correct. Please identify it.
Loss is the reward for risk bearing
Business risks are due to uncertainties
Risk is an essential component of every business
Degree of risk depends mainly upon the nature and size of business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of non-economic activity?
Patriotism
teaching
sentiment
sympathy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a type of external trade-
export
import
entrepot
retail
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