Business Studies MCQ Class 11 Chapter 1: Check the below NCERT MCQ Questions for Business Studies MCQ Class 11 Chapter 1 with Answers Pdf free download. Business Studies MCQ Class 11 Chapter 1 Questions for Business Studies with Answers were prepared based on the latest exam pattern. We have provided Business Studies MCQ Class 11 Chapter 1 with Answers to help students understand the concept very well.

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Business Studies MCQ Class 11 Chapter 1

1. Commerce includes activities relating to trade and _______ to trade.
(a) Supporting
(b) Subsidiaries
(c) Auxiliaries
(d) None of these

2. The possibilities of inadequate profits or even losses due to uncertainties are known as _______.
(a) Business contingencies
(b) Business risks
(c) Business ventures
(d) None of these

3. Which of the following cannot be classified as an objective of a business?
(a) Investment
(b) Productivity
(c) Innovation
(d) Profit earning

4. Business risk is not likely to arise due to _____.
(a) Changes in government policy
(b) Good management
(c) Employee dishonesty
(d) Power failure

5. The possibilities of inadequate profits or even losses due to uncertainties are known as _______.
(a) Business contingencies
(b) Business risks
(c) Business ventures
(d) None of these

6. Name the two broad categories of business activities.
(a) Trade and Commerce
(b) Trade and Industry
(c) Industry and Commerce
(d) None of these

7. Following are the characteristics of business risks. One of them is not correct. Please identify it.
(a) Loss is the reward for risk-bearing
(b) Business risks are due to uncertainties
(c) Risk is an essential component of every business
(d) Degree of risk depends mainly upon the nature and size of business

8. The industries which provide support services to other industries are known as _____.
(a) Primary industries
(b) Secondary industries
(c) Commercial industries
(d) Tertiary industries

9. Which of the broad categories of industries covers oil refineries and sugar mills?
(a) Primary
(b) Secondary
(c) Tertiary
(d) None of these

10. ‘Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is _____.
(a) True
(b) False
(c) Cannot say
(d) None

11. The occupation in which people work for others and get remunerated in return is known as _____.
(a) Business
(b) Profession
(c) Employment
(d) None of these

12. Transfer of interest exists in the case of _____.
(a) Profession
(b) Employment
(c) Business
(d) None of these

13. Which one of the following may not be a factor behind starting a business?
(a) Routine workload
(b) Size of the firm
(c) Finance
(d) Location of the business

14. Which of the following does not characterise business activity?
(a) Production of goods and services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary and wages

15. Which of the following is not an example of non-economic activity?
(a) Patriotism
(b) Teaching
(c) Sentiment
(d) Sympathy

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