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Free MCQ’s Quiz on Class 11 Business Studies – Chapter 1 – Nature and Purpose of Business – Set 1

Free MCQ’s Quiz for Class 11 Business Studies – Chapter 1 – Nature and Purpose of Business with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th – Business Studies – ‘Nature and Purpose of Business’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Business Studies – Chapter 1 – Nature and Purpose of Business. The Nature and Purpose of Business consist of two parts. The history of commerce and trade in ancient India was discussed in Section I. The concept, nature, and purpose of business are covered in Section II.

To make you perfect in this topic – Use of Statistical Tools, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Nature and Purpose of Business.

Free MCQ’s on Nature and Purpose of Business

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#1. Industries offering support services to other industries are called referred to:-

#2. The occupation where people work for other people and are compensated in return is known as.

#3. Which of these choices is not an example of non-economic activity?

#4. Name any one type of economic activity.

#5. Give an example for the processing industry?

#6. Give one example for Manufacturing Industries.

#7. ____ is where there is a risk arising from the execution of the processes or operations of the business.

#8. Name two categories of business activities.

#9. Buying and selling of goods is known as _____.

#10. Which of the following is not an example of non-economic activity?

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