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

Quiz
•
Other
•
11th Grade
•
Medium
SAKSHI GUPTA
Used 338+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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