Home > Class 11 Business Studies > Quizzes > MCQs for Nature and Purpose of Business
MCQs for Nature and Purpose of Business
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 57% • Most missed: “Name the two broad categories of business activities”
MCQs for Nature and Purpose of Business
Time left 00:00
17 Questions

1. Commerce includes activities relating to trade and _________________ to trade
2. The possibilities of inadequate profits or even losses due to uncertainties are known as ___________
3. Which of the following cannot be classified as an auxiliary to trade
4. Which of the following is not an example of non-economic activity
5. Human activities are of ____________ type
6. Which one of the following may not be a factor behind starting a business
7. Which of the broad categories of industries covers oil refinery and sugar mills
8. Name the two broad categories of business activities
9. The industries which provide support services to other industries are known a
10. Which of the following does not characterize business activity
11. 'Earning of profit is considered to be the subsidiary objective of the business.' The given statement is
12. Economic activities may be classified into business, ___________ and employment
13. The occupation in which people work for others and get remunerated in return is known a
14. Which of the following cannot be classified as an objective of business
15. Transfer of interest exists in the case o
16. Following are the characteristics of business risks. One of then is not correct. Please identify it
17. Business risk is not likely to arise due to

⚡ Recently practiced quizzes in this topic
Live quiz activity
MCQs Sources of Business Finance MCQs for Internal Trade MCQs for Private, Public and Global Enterprises MCQs for Small Business MCQs for International Business 1
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.