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Free Online MCQs for Class – 11 Business Studies Chapter 1 – Nature and Purpose of Business

Free Online MCQs for CBSE Class – 11 Business Studies Chapter 1 – Nature and Purpose of Business with Answers. Free Online MCQs Questions for Class 11 Business Studies with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Business Studies Chapter 1 – Nature and Purpose of Business Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Business Studies

Chapter- 1 Nature and Purpose of Business with Answers

  1. The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
    1. Business contingencies
    2. Business risks
    3. Business ventures
    4. None of these
  2. Which one of the following may not be a factor behind starting a business?
    1. Routine workload
    2. size of the firm
    3. finance
    4. location of the business
  3. Name the two broad categories of business activities.
    1. Trade and commerce
    2. trade and industry
    3. industry and commerce
    4. none of these
  4. Commerce includes activities relating to trade and _________________ to trade.
    1. Supporting
    2. subsidiaries
    3. auxiliaries
    4. none of these
  5. ‘Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
    1. True
    2. False
    3. cannot say
  6. Following are the characteristics of business risks. One of them is not correct. Please identify it.
    1. Loss is the reward for risk bearing
    2. Business risks are due to uncertainties
    3. Risk is an essential component of every business
    4. Degree of risk depends mainly upon the nature and size of business
  7. Transfer of interest exists in the case of
    1. Profession
    2. employment
    3. business
    4. none of these
  8. Human activities are of ____________ types
    1. One
    2. two
    3. three
    4. four
  9. Which of the following is not an example of non-economic activity?
    1. Patriotism
    2. teaching
    3. sentiment
    4. sympathy
  10. Economic activities may be classified into business, ___________ and employment
    1. Profession
    2. occupation
    3. vocation
    4. Work

MCQs Questions of Class – 11 Business Studies Chapter 1 – Nature and Purpose of Business

Answer Key

  1. (b)  2. (a)   3. (c)     4. (c)   5. (b)    6. (a)    7. (c)    8. (b)    9. (b)   10.  (a)

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