11th Standard EM - Commerce - Objectives of Business

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Question - 1

The Primary objective of a business is ______.

  • A Making Profit
  • B Not making Profit
  • C Special Skill
  • D None of the above

Question - 2

Occupation of a Doctor is ______.

  • A Employment
  • B Business
  • C Profession
  • D Sole Proprietor

Question - 3

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 or wages

Question - 4

Activities undertaken out of love and affection or with social service motive are termed as:

  • A Economic activities
  • B Monetary activities
  • C Non Economic activities
  • D Financial Activities

Question - 5

Which one of the following is not an economic activity?

  • A Production of goods
  • B Distribution of goods
  • C Celebrating birthday
  • D Selling by retailers

Question - 6

Which one of the following is not a non-economic activity?

  • A Cooking food for family
  • B Medical advice rendered by physicians
  • C Celebrating festivals
  • D Doing meditation

Question - 7

The Occupation in which people work for others and get remunerated in return is known as ____________

  • A Business
  • B Employment
  • C Profession
  • D Trade

Question - 8

The reward for doing a business is _____________

  • A Profit
  • B Salary
  • C Wages
  • D Fees

Question - 9

Human activities can be categorised in __________ activities.

  • A two
  • B three
  • C four
  • D five

Question - 10

Activities undertaken with the object of earning money are called ____________ activities.

  • A primary
  • B secondary
  • C economic
  • D non-economic