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Nature and Purpose Of Business (MCQs)
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Nature and Purpose Of Business (MCQs)
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25 Questions

1. Earning of profit is considered to be the subsidiary objective of the business.The given statement is
2. Which one of the following is NOT a characteristic of business?
3. The latest generation of mobile phones has many features like faster internet browsing, Bluetooth etc. This is an example which objective of business?
4. Why a business should earn profit?
5. Name the activity of commerce that removes the hindrance of time.
6. Commerce includes
7. Following are the characteristics of business risks. One of then is not correct. Please identify it.
8. Code of conduct DOES NOT include
9. Which one of the following is NOT the objective of the business?
10. The industries which provides support services to other industries are known as
11. A business firm in India buy toys from China to sell it to Nepal. Identify the type of trading activity mentioned above?
12. Transfer of interest exists in the case of
13. Which of the following creates form utility?
14. Bad debts due to non-payment of debts by debtors is an example of which type of business risk?
15. Which one of the following is NOT an Auxiliary to trade?
16. Name the auxiliary to trade which removes the hindrance of time
17. Soaps are included under which type of industry
18. The possibilities of inadequate profits or even losses due to uncertainties are known as
19. Match the following type industries in Column 1 and Column 2 Column 1 Column 2 I Genetic industry A Packaging II Processing B Cement III Synthetical C Sugar mills IV Tertiary D Animal Husbandry
20. The economic activity in which specialized knowledge is required is
21. Risk is the result of
22. Which of the following is not an example of non-economic activity
23. What reward an entrepreneur gets for risk bearing in business?
24. Human activities are of ____________ types
25. Which one of the following economic activity is directed towards producing or acquiring wealth through buying and selling of goods?

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