CBSE Questions for Class 11 Commerce Business Studies Business Trade And Commerce Quiz 6 - MCQExams.com

Localisation in economics refer to ____________-.
  • Localised markets
  • Location of a firm
  • Production of a Region
  • Regional specialization
Blue-collar workers are ________.
  • working on machines and engaged in loading, unloading
  • clerical employees
  • executive employees
  • contract employees
Scale of business determines the___________.
  • Size of the business
  • Production of such business
  • Capital involved in business
  • All of above
Which of the following has basically centered on studying the behavioural pattern of members and group in an organisation? 
  • Empirical Approach
  • Group Behaviour Approach
  • Interpersonal Behaviour Approach
  • Decision Theory Approach
Every business enterprise must undertake such business which is ________.
  • Unlawful
  • Lawful
  • Illegal
  • All of above
Management qualifies all tests of a profession exxept __________________.
  • Dominance of service motive
  • Restricted entry
  • Systematic body of knowledge
  • Use of know how and skills
_____________ may be defined as the situation when all those persons who are willing to work at the prevailing wage rate are getting work and are employed.
  • Disguised employment
  • Full employment
  • Voluntary employment
  • Involuntary employment
Statement I: 
A true manager can continue to manage the same way as he has been doing it in the past.
Statement II:
Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation.
Select the correct answer from the options given below -
  • Statement I and Statement II both are true
  • Statement II is true but Statement I is false
  • Statement I and Statement II both are false
  • Statement I is true but Statement II is false
BPO stands for____
  • Business patent offer
  • Business process outstanding
  • Business process outsourcing
  • Business public organization
Economics as a __________ science only explains "what is".
  • positive
  • normative
  • both (a) and (b)
  • neither (a) nor (b)
Employees relate to which of the following?
  • Work all day all night
  • Do not work
  • Work hard
  • Work smart
Which of the following can be classified as "internal forces"?
  • Economic forces
  • Changes in employee attitudes, feelings and aspirations
  • Political forces
  • All of above
White-collar workers are _________.
  • Working on machines and engaged in loading, unloading
  • Clerical employees
  • Mining labourers
  • None of the above
Which of the following is not an economic activity?
  • A Son looking after his ailing mother
  • A Chartered Accountable doing his own practice
  • A Soldier serving at the border
  • A Farmer growing Millets
At the equilibrium point on indifference curve which of the following equation is satisfied ? 
  • $$ MRSxy=\frac { MUx }{ MUy } =\frac { Px }{ Py } $$
  • $$ \frac { MUx }{ Px } =\frac { MUy }{ Py } $$
  • Both (a) and (b)
  • Neither (a) nor (b)
Which of the following is not a part of the opportunity cost of going on holiday?
  • The money you spent on a theatre show.
  • The money you could have made if you had stayed at home and worked.
  • The money you spent on airline tickets.
  • The money you spent on food.
In Economics, Production refers to any economic activity ________________.
  • Which results in creation of a product or service.
  • Which is directed at the satisfaction of human wants
  • Both (a) and (b)
  • Neither (a) nor (b)
 In Economics, ................. refers to any economic activity, which is directed towards the satisfaction of human wants.
  • production
  • labour
  • profit
  • economics
The Incentive / Reward in respect of Capital is called ____________.
  • Rent
  • Wages
  • Interest
  • Profit
In Economics, Production refers _________________.
  • Creation of utility
  • Satisfaction of utility
  • Both (a) and (b)
  • Neither (a) nor (b)
 Production is a / an _____________ activity.
  • Charitable
  • Beneficial
  • Economic
  • Successful
As per Indifference Curve Analysis, to maximise his satisfaction, a Consumer will try to _____
  • Remain in the same IC
  • Reduce to lower IC
  • Reach the highest possible IC
  • Reach the Origin point
In deciding "How to produce", the economy should consider.
  • Labour Intensive Techniques
  • Capital Intensive Techniques
  • Both (a) and (b)
  • Neither (a) nor (b)
Economics is a _______ science that explains "what ought to be".
  • positive
  • normative
  • both (a) and (b)
  • neither (a) nor (b)
What is the function of Hundi ' Sah-jog'?
  • Payable to a specific person, someone respectable. Liability over who received payment
  • Hundi made payable to order.
  • Payable to the presenter or bearer.
  • Payable to any personno liability over who received payment, but payment over a fixed term.
In the pre-reforms period (i.e. before 1991), restrictions on import consisted of:
  • Import licenses
  • Quantitative restrictions
  • Quota system
  • All of the above
Custom Duties are levied on ______________.
  • Exports and imports
  • Manufacture of excisable goods/commodities
  • Services rendered
  • Sale made by a dealer in the course of inter-state or intra-state or commerce
Convertibility of rupee means _________.
  • determination its own exchange rate in international market
  • conversion of rupee into any foreign currency
  • transfer of funds in international market
  • none of these
In the pre-reforms period (i.e. before 1991), banking scene was dominated by the __________ sector.
  • private
  • public
  • both (a) and (b)
  • neither (a) nor (b)
Which of the following involve a trade-off?
  • Taking a nap.
  • All of these answers involve trade-offs.
  • Watching a football game on Saturday afternoon.
  • Going to university.
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