CBSE Questions for Class 11 Commerce Business Studies Business Trade And Commerce Quiz 9 - MCQExams.com

Business process is also called business function.
  • False
  • True
  • Partly true
  • Partly false
Which of the following factors may affect the location of business?
  • Transport facilities
  • Availability of labour
  • Market - Customers
  • All of the above
What is one of the future consequences of an increase in the current level of consumption in the India
  • Slower economic growth in the future.
  • Greater economic growth in the future
  • No change in our economic growth rate
  • Greater capital accumulation in the future
Who controls economic activities under centrally planned economies?
  • Industrialists
  • Private firms
  • Government 
  • Consumer
Human relations skills are also called.
  • Conceptual skills
  • Technical skills
  • Interpersonal skills
  • Problem solving skills
A _________ is the ability to perform the given job.
  • Communication skills
  • Technical skills
  • Interpersonal skills
  • Administrative skills
  • Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
  • Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
  • Assertion is correct but Reason is incorrect
  • Assertion is incorrect but Reason is correct
Business contributes a fair share for the social welfare of the nation by starting and running of ______________.
  • schools
  • hospitals
  • colleges
  • all of the above
Which of the following professional degree is given by a private institute?
  • Chartered Accountant
  • Cost Accountant
  • Chartered Secretary
  • Chartered Financial Analyst
Who of the following has defined business as "Human activity directed towards producing or acquiring wealth through buying and selling goods"?
  • Wheeler
  • H. Fayol
  • J. Stephenson
  • Lewis H. Haney
Business produces goods and supplies the goods that are required for the development of a nation. This forms a part of ______ objective of the business.
  • Economic
  • Environmental
  • Technological
  • Social
_______ refers to the probability of any mis-happening that can result into financial, reputational or psychological losses to the parties involved in a transaction.
  • Loss
  • Distress
  • Virus
  • Risk
Which of the following cannot be a social objective of the business?
  • Production and Supply of Quality Goods and Services
  • Contribution to the General Welfare of the Society
  • Adoption of UnFair Trade Practices
  • None of the above
Frictional unemployment is consistent with full employment.
  • True
  • False
Frictional unemployment rate of ________ is consistent with full employment level, as per the experience of developed countries.
  • 3 to 4%
  • 5 to 8%
  • upto 2%
  • 10 to 15%
Reduce disparities among Nations is ______ objective of a business.
  • global
  • social
  • economic
  • human
The equilibrium below full employment level is termed as _____________.
  • underemployment equilibrium
  • over employment equilibrium
  • aggregate disequilibrium
  • none of the above
When the aggregate spending is not sufficient to produce that level of output which requires full employment of the available resources, it results in ______________.
  • inflation
  • unemployment
  • social problems
  • none of the above
Human objectives refer to the objectives aimed at the well-being as well as fulfillment of expectations of employees.
  • True
  • False
Excessive aggregate spending leads to full employment level of output accompanied with ____________.
  • lower income level
  • poverty
  • inflation
  • none of the above
Identify the economic objective of the business from the following.
  • It produces such goods that are required from time to time according to changes that take place.
  • It brings changes in production by adopting new techniques.
  • It also enables the consumers to know about the changes in products through advertisement.
  • All of the above
Non -economic activities are performed to satisfy human feelings or sentiments. 
  • True
  • False
Those works which are performed by human being in order to satisfy their needs are known as _______.
  • business activities
  • human activities
  • political activities
  • none of the above
The famous ________ also passed from India and silk was exported to Western countries through Barygaza.
  • Indus valley
  • Chinese silk route
  • Oxo - Caspian
  • Oxus - Ganges
Human activities that are performed to earn profit or monetary gain are called ___________.
  • economic activities
  • non economic activities
  • marketing activites
  • production activities
_____ is the agency which facilitate proper flow of goods.
  • Government
  • Trade
  • Banking
  • Communication
___________ being situated on the strategic route had many busy entrepots where the maritime terminal helped in docking ships and boats that were used for export and import of goods.
  • Eastern Indian sea front
  • Southern Indian sea front
  • Western Indian sea front
  • Northern Indian sea front
Which of the following sector comes under the category of "tertiary sector"?
  • Primary sector
  • Secondary sector
  • Service sector
  • None of the above
Human activities can be classified into _______________ and __________________ activities.
  • physical, material
  • economic, non economic
  • direct, indirect
  • primary, secondary
Activities undertaken by humans are human activities.
  • True
  • False
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