CBSE Questions for Class 11 Commerce Business Studies Business Trade And Commerce Quiz 1 - MCQExams.com

"A secretary is an indispensable person in the office."
  • True
  • False
Economic activities may be classified into business, ___________ and employment.
  • profession
  • occupation
  • vocation
  • work
"Pastoral State" is mainly characterized by _____________________.
  • Absolute dependence on nature
  • Birth of slavery
  • Beginning of the division of labour
  • Birth of big cities an towns
Every business organization needs a secretary having a knowledge of recording ____________ transactions.
  • financial
  • private
  • illegal
  • none of these
A secretary is a custodian of __________.
  • business information
  • personal information
  • secret information
  • none of these
The word 'Secretary' is derived Latin word _________ which mean confidential writer.
  • Scribae
  • Secretarius
  • Amatya
  • None of these
Which cause of risk is associated with earthquakes?
  • Natural cause risk
  • Human cause risk
  • Economic cause risk
  • Physical cause risk
Winch of these is not an element of a market?
  • Buyer and seller
  • ATM and Bank branch.
  • Goods and services
  • Price
_______ is essential for any business concern.
  • Unlimited liabilities
  • Stability
  • Interrupted existence
  • No risk
A person who does writing work for his boss is a ____________.
  • secretary
  • board of directors
  • managing committee
  • none of these
Management qualified all the tests of profession except ________.
  • dominance of service motive.
  • need for learning and proper organisation.
  • entry restricted on the basis of examination.
  • systematic body of knowledge.
The base period should be ________ period.
  • Abnormal
  • Normal
  • Unnatural
  • None of above
Which of the following can be treated as characteristics of business organization?
  • All business enterprise engages in operation on a continuous basis
  • Business undertakings are not exposed to any risk or uncertainty
  • A business firms are owned by one individual and not by a group of individuals jointly
  • All of above
Which of these is not an economic activity?
  • Maintaining PWD Road.
  • Playing a friendly 20-20 match.
  • Plying public transport bus.
  • Working with a professional musical group.
The acronym of All India Management Association is _____________.
  • AIDA
  • IIM
  • AIMA
  • AIEEE
_______ guides the behavior of the professionals.
  • Morality
  • Ethics
  • Code of conduct
  • Degree of profession
Which of the following is/are not an economic resource?
  • Air
  • Water
  • Sunlight
  • All the three
What is the name of the service that educates consumers about a new product?
  • Transportation
  • Banking
  • Insurance
  • Advertisement
____________ includes the production, purchase, sale and distribution of goods or services with the main objective of earning profit.
  • Business
  • Profession
  • Employment
  • None of these
Which of the following cannot be considered as an auxiliary to trade?
  • Construction
  • Banking and finance
  • Advertising
  • Warehousing
Which of the following is not associated with business?
  • An economic activity
  • Profit earning
  • Uncertainty or risk
  • Salary or wages
M/s Krishna's business provide warehousing service to the farmers so they can sell their produce throughout the year. Such service falls under ___________________ industry.
  • Commercial Industry
  • Primary Industry
  • Tertiary Industry
  • Secondary Industry
Identify the type of economic activity which is subject to the code of conduct laid down by the professional bodies.
  • Employment
  • Business
  • Profession
  • Trade
Secondary industries are classified into _____________ and ____________.
  • Genetic and extractive
  • Manufacturing and construction
  • Synthetic industry and processing industry
  • None of these
The term 'business' originated from the word _____________.
  • Financial Markets
  • Busy
  • Buy and selling
  • Proprietorship
The main purpose of an economic activity is ________________.
  • To avoid loss
  • To earn profit
  • To earn less profit
  • To provide free services
Which of the following is not concerned with profession?
  • Manufacturing of goods and services
  • Code of Conduct
  • Specialized body knowledge and skill
  • Formal training
Which of the following economic activity does not require capital?
  • Business
  • Profession
  • Employment
  • None of these
To buy a book from the market by giving money is called _____.
  • Direct Exchange
  • Indirect Exchange
  • Direct and Indirect exchange
  • This is not any type of exchange
Manufacturing industries are part of which activity?
  • Primary activity
  • Secondary activity
  • Tertiary activity
  • Quarrying
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