Business Trade And Commerce - Class 11 Commerce Business Studies - Extra Questions

Answer each of the following questions in two or three sentences.
Give the meaning of trade and Commerce.



Answer each of the following questions in two or three sentences.
What are aids to trade? Name them.



Name of the following:
(a) The industry in which useful products are obtained from the earth and the sea.
(b) The trade in which goods are imported and exported to some other country.
(c) The branch of commerce which removes the hindrance of time.
(d) Buying and selling of goods in small quantities.



Pepper  was known as __________.



Define Assembly Industry.



Who entered first in India for the purpose of trade during the medieval period?



Explain the different types of primary industry.



Explain the different types of the secondary industry.



Explain the types of business risk.



What is commerce?



Fill in the blanks with appropriate words in the following sentences.
Trade and commerce contribute to the economic development of a country by paying ________ _________ and _________ to the government.



Fill in the blanks with appropriate words in the following sentences.
The emergence of communities and villages took place during _________ stage.



What is business risk? What is its nature? 



Explain any two business activities which are auxiliaries to trade.



What are various types of industries?



What is meant by Industry? 



Define Business Risk.



Write a note on manufacturing industry.



Explain the difference between Industry, Commerce and Trade.



Briefly discuss the economic objectives of a business. 



'Although earning profit cannot be the only objective of business, its importance cannot be ignored.' 
What are multiple objectives of a business ? Explain any other three objectives. Also state why a profits important.



The northern roadway route is believed to have stretched originally from Bengal to _______.



 _______ were the principal export from Pulicat to Southeast Asia.



The auxiliaries to trade help to remove the various bottlenecks such as place, time, person, risk & exchange. Explain how. 



ABC Ltd. is planting trees on the roadside. Which objective is it trying to achieve?



Name the tertiary industry which removes hindrance of knowledge.



Differentiate between:
(a) Anjusha running a bakery and Manjusha cooking food at home.
(b) Poultry Farming and Mining 



What type of industry are poultry firms and dealing with saplings of plants?



An organisation planned to use CFL and LED which consume less electricity to reduce operational cost. They also give preference to labour intensive technique of production. What values company is implementing? 



An organisation arrange recreational activities for its employees to refresh them and also send them for training to update their knowledge. What values are followed by the company?



The_________  linked the east and the west by sea and were used for the trade of spices and known as spice route.



 The maritime routes were also  known as _______.



____________ system played a prominent role in lending money and financing domestic and foreign trade with currency and letter of credit. 



Use of ________ money and its use accelerated economic activities during the ancient times.



The institution of ___________ also developed and exercised great influence during the Mughal period and the days of the East India Company .



____________ provided considerable financial security to the manufacturers by assuming risk.



When exports exceeds imports, it is called _____________________.



What are the various type of industries?



Who handled trade in the states of Gujarat and Rajasthan ? 



Who handled business in the northern region ?



Explain briefly the objectives of a business.



What is business risk?



Traders from South were known as :



What is a Hundi?



Who handled the trade in western India?



A factory converts sugarcane into sugar. Which type of business activity is carried out here?



Which of the board categories of industry cover oil refineries and sugar mills?



Ramanlal's business provides transportation services to farmers so they can sell their products in urban cities. Which type of industry is mentioned in the above sentence?



Who is a Financial Intermediary?



Vishakha is an employee in a company name RG limited. The company trusted her and gave the blueprint of their new mobile application. She secretly sold the design of their application to the competitor. RG limited suffered tremendous loss as a consequence. What is the cause of business risk faced by the firm in the given case?



Aakash limited of India imports rubber from Thailand to export it to Japan. Which type of trade does the above statement represent?



List any five commercial cities of ancient India.



Briefly explain economic objectives of business.



What is a business objective?



What were the different types of Hundi in use by traders in ancient times?



Define Human causes in business risk.



List the major exports and imports of ancient India.



Explain the types of industries.



Which activities are included in commerce?



Explain the nature of business risk.



Define speculative risks.



Explain auxiliaries to trade.



Explain the causes of business risk.



The iron and steel industry is the __________________ industry since all the other industries depend on it.



Muziris is situated in________________.



Intermediaries reduce ___________.



Class 11 Commerce Business Studies Extra Questions