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MCQ Questions for Class 11 Business Studies with Answers
Q1. Which of the following is an economic cause of business risks?
(i) Demand for goods
(ii) Competition
(iii) Price
(iv) All of the above
(iv) All of the above
Q2. Which of the broad categories of industries covers oil refinery and sugar mills?
(i) Primary
(ii) Secondary
(iii) Tertiary
(iv) None of the above
(ii) Secondary
Q3. Which of the following cannot be classified as an objective of business :
(i) Investment
(ii) Productivity
(iii) Innovation
(iv) Profit Earning.
(i) Investment
Q4. The industries which provide support services to other industries are known as
(i) Primary industries
(ii) Secondary industries
(iii) Commercial industries
(iv) Tertiary industries
(iv) Tertiary industries
Q5. Soaps are included under which type of industry
(i) Synthetical Industry.
(ii) Analytical Industry.
(iii) Processing Industry.
(iv) Assembling Industry.
(i) Synthetical Industry.
Q6. Which one of the following may not be a factor behind starting a business?
(i) Routine workload
(ii) size of the firm
(iii) finance
(iv) location of the business
(i) Routine workload
Q7. Business risk is not likely to arise due to
(i) Power failure
(ii) Employee dishonesty
(iii) Changes in government policy
(iv) Good management
(iv) Good management
Q8. Which of the following is not a characteristic of a business activity?
(i) Wages
(ii) Sale of product
(iii) The factor of risk
(iv) Manufacturing goods and services
(i) Wages
Q9. The rework of risk is :
(i) Success
(ii) Failure
(iii) Profit
(iv) Loss
(iii) Profit
Q10. Which of the following does not characterize business activity?
(i) Production of goods & services
(ii) Presence of risk
(iii) Sale or exchange of goods and services
(iv) Salary and wages
(iv) Salary and wages
Q11. Everest Textile Ltd is involved in manufacturing textile products. In which industry is the company involved?
(i) Processing industry.
(ii) Analytical industry
(iii) Synthetic industry
(iv) Extractive industry
(i) Processing industry.
Q12. Why a business should earn a profit?
(i) To provide a return to investors
(ii) To increase the reputation of the business
(iii) To provide funds for future growth
(iv) All of the above
(iv) All of the above
Q13. The word marketing standing is concerned with
(i) Position of an enterprise
(ii) Supply of the product
(iii) Customers
(iv) Competitors
(i) Position of an enterprise
Q14. Which has the large scope :
(i) Trade
(ii) Commerce
(iii) Industry
(iv) Business
(ii) Commerce
Q15. Following are the characteristics of business risks. One of then is not correct. Please identify it.
(i) Loss is the reward for risk bearing
(ii) Business risks are due to uncertainties
(iii) Risk is an essential component of every business
(iv) Degree of risk depends mainly upon the nature and size of business
(i) Loss is the reward for risk bearing
Q16. The industries which provides support services to other industries are known as
(i) Tertiary
(ii) Secondary
(iii) Manufacturing
(iv) Primary
(i) Tertiary
Q17. Which of the following is not a natural cause of business risks?
(i) Earthquake
(ii) Strikes
(iii) Famine
(iv) Heavy Rains
(ii) Strikes
Q18. Why a business should earn profit?
(i) To provide return to investors.
(ii) To increase the reputation of business.
(iii) To provide funds for future growth.
(iv) All of the above.
(iv) All of the above
Q19. Which of the following cannot be classified as an auxiliary to trade :
(i) Mining
(ii) Insurance
(iii) Warehousing
(iv) Transport.
(i) Mining
Q20. Which one of the following may not be a factor behind starting a business?
(i) Routine workload
(ii) size of the firm
(iii) finance
(iv) location of the business
(i) Routine workload
Q21. Code of conduct DOES NOT include
(i) Dishonesty
(ii) Rules
(iii) Morality
(iv) Integrity
(i) Dishonesty
Q22. The occupation in which people work for others and get remunerated in return is known as:
(i) Profession
(ii) Employment
(iii) Business
(iv) None of the above
(ii) Employment
Q23. Which of the following is an instrument of exchange, which was prominent in the subcontinent?
(i) Copper
(ii) Hundi
(iii) Gold
(iv) Silver
(ii) Hundi
Q24. Free Guidance by a teacher to his son is :
(i) An economic activity
(ii) Profession
(iii) Employment
(iv) A non-economic activity.
(iv) A non-economic activity.
Q25. Which of the following is not an example of non-economic activity?
(i) Patriotism
(ii) teaching
(iii) sentiment
(iv) sympathy
(ii) teaching
Q26. Risk is the result of
(i) Uncertainties
(ii) None of the options
(iii) Both of the above
(iv) Certainties
(i) Uncertainties
Q27. Which of the following is an economic activity?
(i) Social Activities
(ii) Patriotic Activities
(iii) Profession
(iv) Religious Activities
(iii) Profession
Q28. Which one of the following is NOT the objective of the business?
(i) Investment
(ii) Innovation.
(iii) Creation of customers.
(iv) Profit making
(i) Investment
Q29. Business is :
(i) Art
(ii) Science
(iii) Both (i) and (ii)
(iv) None of these
(iii) Both (i) and (ii)
Q30. Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
(i) True
(ii) false
(iii) cannot say
(iv) None
(ii) false
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MCQ Questions for Class 11 Business Studies with Answers
- Lesson 1. Nature and Purpose of Business Class 11 MCQ Questions
- Lesson 2. Forms of Business Organisation Class 11 MCQ Questions
- Lesson 3. Private, Public and Global Enterprises Class 11 MCQ Questions
- Lesson 4. Business Services Class 11 MCQ Questions
- Lesson 5. Emerging Modes of Business Class 11 MCQ Questions
- Lesson 6. Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions
- Lesson 7. Formation of a Company Class 11 MCQ Questions
- Lesson 8. Sources of Business Finance Class 11 MCQ Questions
- Lesson 9. Small Business Class 11 MCQ Questions
- Lesson 10. Internal Trade Class 11 MCQ Questions
- Lesson 11. International Business 1 Class 11 MCQ Questions
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