Government takes up the responsibilities to provide goods and services which
a) Involves huge cost of production
b) Needs a large investment
c) Are basic service
d) All of these
Answers
I think the option is.....
b)
Answer:
Business Studies Nature and Purpose of Business
October 9, 2019 by phani
Free PDF download of NCERT Solutions for Class 11 Business Studies Chapter 1 Nature and Purpose of Business solved by Expert Teachers as per NCERT (CBSE) Book guidelines. All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in your examinations
NCERT Solutions For Class 11 Business Studies Nature and Purpose of Business
NCERT SolutionsClass 11 Business StudiesBusiness Studies Sample Papers
TEXTBOOK QUESTIONS SOLVED
I. Multiple Choice Questions
Question 1. Which of the following does not characterise business activity?
(i) Production of goods and services
(ii) Presence of risk
(iii) Sale or exchange of goods and services
(iv) Salary or wages
Question 2. Which of the broad categories of industries covers oil refinery and sugar mills?
(i) Primary (ii) Secondary
(iii) Tertiary (iv) None of them
Question 3. Which of the following cannot be classified as an auxiliary to trade?
(i) Mining (ii) Insurance
(iii) Warehousing (i v) Transport
Question 4. The occupation in which people work for others and get remunerated in return is known as
(i) Business (ii) Employment
(iii) Profession (iv) None of them
Question 5. The industries which provide support services to other industries are known as
(i) Primary industries (ii) Secondary industries
(iii) Commercial industries (iv) Tertiary industries
Question 6. Which of the following cannot be classified as an objective of business?
(i) Investment (ii) Productivity
(iii) Innovation (iv) Profit earning
Question 7. Business risk is not likely to arise due to
(i) Changes in government policy (ii) Good management
(iii) Employee dishonesty (iv) Power failure
Answer: 1. (iv) 2. (i) 3. (i) 4. (ii) 5. (iv) 6. (i) 7. (ii)
II. Short Answer Type Questions
Question 1. State the different types of economic activities.
Answer: Different types of economic activities are of three types:
Business refers to those economic activities which are concerned with the production or purchase and sale of goods or supply of services with the main object of earning profits.
Profession refers to those activities which require special knowledge and skill to be applied by individuals in their occupations.
Employment refers to the occupation in which people work for others and get remunerated in return.