BUSINESS STUDIES

BUSINESS STUDIES

11th Grade

20 Qs

quiz-placeholder

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BUSINESS STUDIES

BUSINESS STUDIES

Assessment

Quiz

Other

11th Grade

Medium

Created by

SAKSHI GUPTA

Used 338+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The occupation in which people work for others and get remunerated in return is known as

Business

Profession

Employment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Following are the characteristics of business risks. One of them is not correct. 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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an example of non-economic activity?

Patriotism

Teaching

Sentiments

Sympathy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Radha enjoys teaching slum areas children in her free time. It is an example of

Economic Activity

Non-Economic Activity

Both (a) and (b)

None of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Leakage of business secrets to competitors is which cause of business risk.

Natural Cause

Economic Cause

Human Cause

Other Cause

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic activity transfer of interest is possible?

Profession

Business

Employment

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why a farmer producing crops for self-consumption cannot be called a business? Identify the characteristic of business which is not being highlighted.

Uncertainty of return

Element of Risk

Procurement of Goods and Services

Sale or exchange of Goods and Services

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