NCERT Class 11 Business Studies MCQ : Nature and Purpose of Business
Embark on an exploration of the fundamental pillars of commerce with our specialized Multiple Choice Questions (MCQs) page on the “Nature and Purpose of Business,” featuring questions meticulously sourced from previous year papers across diverse exams, including the esteemed UPSC IAS and more. Immerse yourself in the intricacies of business principles, explore the diverse purposes enterprises serve, and test your understanding of the dynamic nature of commercial ventures through a curated set of questions designed to cater to aspirants preparing for various competitive sectors.
Our MCQs on the “Nature and Purpose of Business” cover pivotal topics such as economic activities, business objectives, and the role of entrepreneurship. Whether you are gearing up for UPSC IAS or other competitive exams, these questions provide a strategic approach to mastering the principles governing the essence of business.
What sets our MCQs apart? Each question is thoughtfully selected from authentic exam scenarios, offering a practical and effective way to prepare. By engaging with these questions, you not only familiarize yourself with the exam pattern but also deepen your understanding of the intricate details within the business landscape.
Prepare with confidence, knowing that our “Nature and Purpose of Business” MCQs are designed to empower you with the knowledge and analytical skills necessary to excel in UPSC IAS and various competitive exams. Decode the essence of business with precision and insight
NCERT Class 11 Business Studies : Nature and Purpose of Business MCQ – NCERT Class 11 MCQ
Question:
Business risk is not likely to arise due to
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The industries which provide support services to other industries are known as
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The occupation in which people work for others and get remunerated in return is known as
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Which of the following does not characterize business activity?
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Economic activities may be classified into business, ___________ and employment
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Human activities are of ____________ types
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Following are the characteristics of business risks. One of then is not correct. Please identify it.
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Commerce includes activities relating to trade and _________________ to trade.
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Which one of the following may not be a factor behind starting a business?
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Which of the following cannot be classified as an objective of business?
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Which of the following cannot be classified as an auxiliary to trade?
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Which of the broad categories of industries covers oil refinery and sugar mills?
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Which of the following is not an example of non-economic activity?
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Transfer of interest exists in the case of
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Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
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Name the two broad categories of business activities.
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Question:
The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
