CBSE Class 11 (Commerce) Business, Trade and Commerce — practice questions
53 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 11 (Commerce) Business, Trade and Commerce in the app →Activities done out of love, sympathy or patriotism are called what?Which person below is engaged in an economic activity?Economic activities are divided into business, profession and what else?Business is an economic activity undertaken with which motive?Why is cooking food at home for the family not a business?Someone sells an old radio once at a profit. Why is it not business?What does uncertainty of return in business mean?Risk in business is best described as which of the following?What is the usual reward in a profession?An employee receives fixed regular pay from the employer as what?Which activity needs qualifications prescribed by a professional body?In which of these is the transfer of interest generally not possible?Which activity follows a professional code of conduct?Business activities are broadly classified into industry and what?Which term describes economic activities concerned with converting resources into useful goods?Industries are divided into which three broad categories?Which industry below draws products from natural sources?Seed and nursery companies are typical examples of which industry?Poultry farms and fish hatcheries belong to which type of industry?Which industries process materials already extracted by the primary sector?Iron ore mining is primary. Steel making from the ore is which type?Cement making, which combines ingredients into a new product, is which industry?Sugar and paper are produced by which kind of manufacturing industry?Television, car and computer manufacture are examples of which industry?Which industries build dams, bridges, roads, tunnels and canals?Which industries provide support services to primary and secondary industries?Commerce consists of trade and which other group of activities?Which commerce activity removes the hindrance of place?Which activity removes the hindrance of time in exchange of goods?Which activity covers the hindrance of risk from theft, fire and accidents?Which activity supplies the capital needed for commerce activities?The hindrance of information in exchange is removed by what?Which of the following is an auxiliary to trade?What does warehousing create for goods?Manufacturing industries create which kind of utility?Which facilities do commercial banks offer to traders for finance?What is trade?How do advertising and public relations differ in payment?What is described as the starting point of a business?Profit is best defined as the excess of what over what?Which is a reason why profit is an essential objective of business?What can too much emphasis on profit lead managers to do?Innovation in business is defined as introduction of what?Productivity is found by comparing the value of output with what?Which type of business risk involves both a chance of gain and of loss?Fire, theft and strike are examples of which type of risk?Which statement about business risk is correct?A business dealing in fashionable items generally faces what degree of risk?Flood, earthquake and famine are which cause of business risk?Dishonesty or negligence of employees is which cause of business risk?Changes in competition, prices and technology are which cause of risk?What is the person who sets up a business called?Which factor is most considered when choosing a location for an enterprise?