{"id":17800,"date":"2021-02-04T14:19:28","date_gmt":"2021-02-04T08:49:28","guid":{"rendered":"https:\/\/mcqbooks.com\/?p=17800"},"modified":"2021-09-28T10:59:18","modified_gmt":"2021-09-28T05:29:18","slug":"mcq-questions-for-class-11-business-studies-chapter-1","status":"publish","type":"post","link":"https:\/\/mcqbooks.com\/mcq-questions-for-class-11-business-studies-chapter-1\/","title":{"rendered":"MCQ Questions for Class 11 Business Studies Chapter 1 Nature and Purpose of Business with Answers"},"content":{"rendered":"

Do you need some help in preparing for your upcoming Class 11 Business Studies exams? We’ve compiled a list of Nature and Purpose of Business Class 11 MCQs Questions with Answers to get you started with the subject. You can download NCERT MCQ Questions for Class 11 Business Studies Chapter 1 Nature and Purpose of Business with Answers Pdf free download, and learn how smart students prepare well ahead with MCQ Questions for Class 11 Business Studies with Answers<\/a>.<\/span><\/p>\n

Nature and Purpose of Business Class 11 MCQs Questions with Answers<\/h2>\n

Question 1.
\nWhich one of the following is NOT the objective of the business?
\n(a) Investment
\n(b) Innovation
\n(c) Creation of customers
\n(d) Profit-making<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Investment<\/p>\n<\/details>\n

\n

Question 2.
\nWhich one of the following is an economic activity in which specialized knowledge is required?
\n(a) Profession
\n(b) Business
\n(c) Employment
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Profession<\/p>\n<\/details>\n

\n

Question 3.
\nCommerce includes activities relating to trade and _________________ to trade.
\n(a) Auxiliaries
\n(b) Subsidiaries
\n(c) Supporting
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Auxiliaries<\/p>\n<\/details>\n

\n

Question 4.
\nBad debts due to non-payment of debt by the debtor are an example of which type of business risk?
\n(a) Human
\n(b) Natural
\n(c) Physical
\n(d) Economic<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Human<\/p>\n<\/details>\n

\n

Question 5.
\nWhich of the following is an economic cause of business risks?
\n(a) Demand for goods
\n(b) Competition
\n(c) Price
\n(d) All of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) All of the above<\/p>\n<\/details>\n

\n

Question 6.
\nBusiness risk is not likely to arise due to
\n(a) Power failure
\n(b) Employee dishonesty
\n(c) Changes in government policy
\n(d) Good management<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Good management<\/p>\n<\/details>\n

\n

Question 7.
\nThe word marketing standing is concerned with __________
\n(a) Position of an enterprise
\n(b) Supply of the product
\n(c) Customers
\n(d) Competitors<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Position of an enterprise<\/p>\n<\/details>\n

\n

Question 8.
\nWhy a business should earn a profit?
\n(a) To provide a return to investors
\n(b) To increase the reputation of the business
\n(c) To provide funds for future growth
\n(d) All of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) All of the above<\/p>\n<\/details>\n

\n

Question 9.
\nWhich one of the following is NOT an Auxiliary to trade?
\n(a) Mining
\n(b) Warehousing
\n(c) Insurance
\n(d) Transport<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Mining<\/p>\n<\/details>\n

\n

Question 10.
\nWhich of the following is not a natural cause of business risks?
\n(a) Earthquake
\n(b) Strikes
\n(c) Famine
\n(d) Heavy Rains<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Strikes<\/p>\n<\/details>\n

\n

Question 11.
\nWhich of the following is not concerned with the profession?
\n(a) Manufacturing goods and services
\n(b) Specialised body of knowledge and skill
\n(c) Code of conduct
\n(d) Formal Training<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Manufacturing goods and services<\/p>\n<\/details>\n

\n

Question 12.
\nWhich of the broad categories of industries covers oil refinery and sugar mills?
\n(a) Primary
\n(b) Secondary
\n(c) Tertiary
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Secondary<\/p>\n<\/details>\n

\n

Question 13.
\nWhich of the following is an instrument of exchange, which was prominent in the subcontinent?
\n(a) Copper
\n(b) Hundi
\n(c) Gold
\n(d) Silver<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Hundi<\/p>\n<\/details>\n

\n

Question 14.
\nThe occupation in which people work for others and get remunerated in return is known as:
\n(a) Profession
\n(b) Employment
\n(c) Business
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Employment<\/p>\n<\/details>\n

\n

Question 15.
\nThe industries which provide support services to other industries are known as
\n(a) Primary industries
\n(b) Commercial industries
\n(c) Tertiary industries
\n(d) Secondary industries<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Tertiary industries<\/p>\n<\/details>\n

\n

Question 16.
\nWhich one of the following is an economic activity in which specialized knowledge is required?
\n(a) Profession
\n(b) Business
\n(c) Employment
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Profession<\/p>\n<\/details>\n

\n

Question 17.
\nThe term business is derived from the word ______________
\n(a) Buy and selling
\n(b) Financial markets
\n(c) Proprietorship
\n(d) Busy<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Busy<\/p>\n<\/details>\n

\n

Question 18.
\nWhich of the following is an economic activity?
\n(a) Social Activities
\n(b) Patriotic Activities
\n(c) Profession
\n(d) Religious Activities<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Profession<\/p>\n<\/details>\n

\n

Question 19.
\nWhich of the following is not a characteristic of business activity?
\n(a) Wages
\n(b) Sale of product
\n(c) The factor of risk
\n(d) Manufacturing goods and services<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Wages<\/p>\n<\/details>\n

\n

Question 20.
\n__________ is an economic activity
\n(a) Non-employment
\n(b) Employment
\n(c) Non profit organisation
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Employment<\/p>\n<\/details>\n

\n

Question 21.
\nBad debts due to non-payment of debts by debtors is an example of which type of business risk?
\n(a) Human
\n(b) Natural
\n(c) Physical
\n(d) Economic<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Human<\/p>\n<\/details>\n

\n

Question 22.
\nTea is mainly produced in Assam; Cotton in Gujarat and Maharashtra; Jute in West Bengal and Orissa; Sugar in U.P, Bihar, and Maharashtra. But these goods are required for consumption in different parts of the country. For this purpose ________ is very important.
\n(a) Banking and Finance
\n(b) Advertising
\n(c) Insurance
\n(d) Transport and Communication<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Transport and Communication<\/p>\n<\/details>\n

\n

We hope you found this CBSE Class 11 Business Studies Nature and Purpose of Business MCQs Multiple Choice Questions with Answers helpful. If you have any questions about NCERT MCQ Questions for Class 11 Business Studies Chapter 1 Nature and Purpose of Business with Answers Pdf free download, please share them in the comment box below and we will get back to you at the earliest possible time.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Do you need some help in preparing for your upcoming Class 11 Business Studies exams? We’ve compiled a list of Nature and Purpose of Business Class 11 MCQs Questions with Answers to get you started with the subject. You can download NCERT MCQ Questions for Class 11 Business Studies Chapter 1 Nature and Purpose of … Read more<\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[35],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/posts\/17800"}],"collection":[{"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/comments?post=17800"}],"version-history":[{"count":0,"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/posts\/17800\/revisions"}],"wp:attachment":[{"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/media?parent=17800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/categories?post=17800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcqbooks.com\/wp-json\/wp\/v2\/tags?post=17800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}