Business Characteristics Quiz

Which of the following is not a characteristic of business?

• Economic activity

• Involves risk

• Legal activity

• Social work

The industry concerned with extraction of natural resources is:

• Manufacturing industry

• Genetic industry

• Extractive industry

• Construction industry

Which one of the following is not a business activity?

• A teacher teaching in school

• A doctor running his clinic

• A shopkeeper selling goods

• A farmer selling his produce

The industry which provides support services to other industries is known as:

• Primary

• Secondary

• Tertiary

• Manufacturing

The basic purpose of a business is:

• Service

• Employment

• Earning profits

• Welfare

Which form of business organisation is owned and managed by a single person?

• Partnership

• Joint Hindu Family

• Sole Proprietorship

• Co-operative society

Minimum number of members in a public company is:

• 2

• 7

• 3

• 5

Which one of the following has a separate legal entity?

• Sole proprietorship

• Partnership

• Joint Hindu Family

• Company

Who contributes capital in a co-operative society?

• Government

• Owners

• Members

• Public

The maximum number of partners in a banking business is:

• 20

• 10

• 7

• 15