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question_answer1)
What is the purpose of doing business?
A)
To sale the products done
clear
B)
To earn money done
clear
C)
To influence the life of people done
clear
D)
None of the above done
clear
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question_answer2)
The term business is derived from the word
A)
Sale done
clear
B)
human activity done
clear
C)
Busy done
clear
D)
busy sale done
clear
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question_answer3)
Who among the following gave the definition of Business "Business may be defined as a human activity directed towards producing as acquiring wealth through buying and selling of goods?
A)
LH Haney done
clear
B)
Dr WR Spriegel done
clear
C)
Adam Smith done
clear
D)
None of these done
clear
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question_answer4)
Any activity with the purpose of earning money or livelihood?
A)
Production of goods done
clear
B)
Economic activity done
clear
C)
Human activity done
clear
D)
None of the above done
clear
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question_answer5)
Which of the following is not involved in business?
A)
Profit earning done
clear
B)
Purchase of products done
clear
C)
Transfer or exchange of goods and services done
clear
D)
None of the above done
clear
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question_answer6)
What is an essential characteristic of business?
A)
Sale or exchange of goods and services done
clear
B)
Profit making done
clear
C)
Customer satisfaction done
clear
D)
All of the above done
clear
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question_answer7)
Which of the following is the primary objective of business?
A)
Customer needs and satisfaction done
clear
B)
Earning profit done
clear
C)
Production of goods done
clear
D)
None of the above done
clear
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question_answer8)
Which of the following objective is customer oriented?
A)
Economic activity done
clear
B)
Earning profit done
clear
C)
Sale or purchase of goods done
clear
D)
Customer satisfaction done
clear
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question_answer9)
Consider the following statement(s). |
I. Productivity can be made better only when the available resources are properly utilised. |
II. Business is expected to make the best possible use of scarce resources. |
III. Business being an economic activity has mainly concerned with the objective of earning profit. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
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question_answer10)
Consider the following statement(s) |
I. Business deals in goods and services on regular basis. |
II. One single transaction of sale or purchase does not constitute business. |
III. Every business is free from risks. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
I and III done
clear
C)
II and III done
clear
D)
All of these done
clear
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question_answer11)
Consider the following statements. |
I. The primary objective of business is to earn profit. |
II. Services includes transportation, banking insurance etc. |
III. The term business is derived from the word 'busy'. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
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question_answer12)
Which of the following refers to the position of an enterprise in relation to its competitors?
A)
Survival done
clear
B)
Growth done
clear
C)
Productivity done
clear
D)
Market standing done
clear
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question_answer13)
Which of the following is the measure of success in every organisation?
A)
Sales of products done
clear
B)
Value of the goods done
clear
C)
Growth rate done
clear
D)
Creation of customer done
clear
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question_answer14)
Which of the following defined the objective of business in society as "The purpose of business is not only earning profit but also discharging responsibilities towards society"?
A)
LH Haney done
clear
B)
Dr WR Spriegel done
clear
C)
Henry Fayol done
clear
D)
None of these done
clear
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question_answer15)
Which among the following has the duty to produce and supply products of proper quality to satisfy the expectations of consumers?
A)
Businessman done
clear
B)
Shopkeeper done
clear
C)
Governments done
clear
D)
None of these done
clear
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question_answer16)
Match the following
List I | List II |
A. | Manufacturing industry | 1. | Synthetic |
B. | Internal trade | 2. | Retail |
C. | External trade | 3. | Entrepot |
D. | Auxiliary to trade | 4. | Advertising |
Codes
A)
A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done
clear
B)
A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done
clear
C)
A\[\to \]1, B\[\to \]3, C\[\to \]2, D\[\to \]4 done
clear
D)
A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done
clear
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question_answer17)
Which among the following requires mechanical appliances and technical skills?
A)
Industry done
clear
B)
Trade done
clear
C)
Export done
clear
D)
Entrepot done
clear
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question_answer18)
Which of the following concerned with the production of goods and services by converting raw material into useful products?
A)
Trade done
clear
B)
Marketing done
clear
C)
Production done
clear
D)
All of these done
clear
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question_answer19)
Consider the following statement(s) |
I. Anti-social practices, black marketing, adulteration, misleading informations exploit people. |
II. No business enterprise can flourish in a competitive world without innovation. |
III. The success of every organisation is not measured by the growth rate. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
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question_answer20)
Consider the following statement(s). |
I. Business enterprises need managers to conduct and coordinate business activity. |
II. Business objective means the purpose for which a business is established and carried on. |
III. Business is an integral part of society. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
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question_answer21)
Match the following
List I | List II |
A. | In such industries, a basic raw material is analysed and separated into different finished goods. | 1. | Analytical industry |
B. | Under this, two or more raw materials are combined together to make a new product. | 2. | Synthetical industry |
C. | It involves successive stage for manufacturing a product. | 3. | Processing industry |
D. | Under this different components are assembled to make a finished goods. | 4. | Assembling industry |
Codes
A)
A\[\to \]1, B\[\to \]3, C\[\to \]2, D\[\to \]4 done
clear
B)
A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done
clear
C)
A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 done
clear
D)
A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done
clear
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question_answer22)
In which of the following both trade and auxiliaries to trade are included?
A)
Marketing done
clear
B)
Manufacturing done
clear
C)
Commerce done
clear
D)
Financing done
clear
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question_answer23)
Consider the following statement(s). |
I. All those activities which directly or indirectly helps in the distribution of goods to the ultimate consumer is called trade. |
II. Commerce embraces all those activities which are necessary for maintaining a free flow of goods and services. |
III. Commerce provides the necessary link between the producers and the consumers. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer24)
Which of the following can be defined as the activities that are required to facilitate the purchase and sale of goods?
A)
Trade done
clear
B)
Commerce done
clear
C)
Auxiliaries to trade done
clear
D)
Expect done
clear
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question_answer25)
Which of the following is correct regarding trade? |
I. It involves the buying and selling of goods. |
II. It is an integral part of commerce. |
III. It helps in making the goods produced available to ultimate consumers or users. |
Select the correct answer using the codes given below |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer26)
Match the following
List I | List II |
A. | Buying and selling of goods in large quantities. | 1. | Export |
B. | Buying and selling of goods and services between two or more countries. | 2. | Whole sale trade |
C. | Sale of goods to a foreign country. | 3. | Foreign trade |
D. | Purchase of goods from foreign countries. | 4. | Import |
Codes
A)
A\[\to \]2, B\[\to \]3, C\[\to \]1, D\[\to \]4 done
clear
B)
A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done
clear
C)
A\[\to \]3, B\[\to \]4, C\[\to \]2, D\[\to \]1 done
clear
D)
A\[\to \]2, B\[\to \]4, C\[\to \]3, D\[\to \]1 done
clear
View Solution play_arrow
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question_answer27)
Which of the following inform the consumers about the availability of various products and services?
A)
Wholesale trade done
clear
B)
Warehousing done
clear
C)
Advertising done
clear
D)
Marketing done
clear
View Solution play_arrow
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question_answer28)
Which of the following provides protection from risk such as risk of loss due to fire, theft accident etc?
A)
Banking done
clear
B)
Financing done
clear
C)
Insurance done
clear
D)
None of these done
clear
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question_answer29)
Consider the following statement(s). |
I. A profession is something which is more than a job. |
II. Those engaged in profession are called professionals. |
III. It is a carrier for someone who is to be competent in their respective area. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer30)
Consider the following statement(s). |
I. Profession involves a confidential relationship between practitioner and a client. |
II. It is bound by a distinctive ethical code. |
III. Professionals earn monetary gain by charging professional fees. |
Which of the statement(s) given above is/are correct? |
A)
I and II done
clear
B)
II and III done
clear
C)
I and II done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer31)
Which among the following works for the benefit of socially and economically disadvantaged individuals and groups?
A)
NABARD done
clear
B)
NSIC done
clear
C)
RSBDC done
clear
D)
SIDBI done
clear
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question_answer32)
The District Industries Centres (DICs) were launched in which of the following years?
A)
1978 done
clear
B)
1990 done
clear
C)
1955 done
clear
D)
1982 done
clear
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question_answer33)
Match the following
List I | List II |
A. | Business | 1. | Provides earning |
B. | Profession | 2. | Profit |
C. | Employment | 3. | Fees |
D. | Economic activity | 4. | Salary |
Codes
A)
A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done
clear
B)
A\[\to \]2, B\[\to \]1, C\[\to \]3, D\[\to \]4 done
clear
C)
A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done
clear
D)
A\[\to \]1, B\[\to \]4, C\[\to \]3, D\[\to \]2 done
clear
View Solution play_arrow
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question_answer34)
All of the activities included in the production and sale of goods are called
A)
Economic activity done
clear
B)
Business activity done
clear
C)
Production activity done
clear
D)
All of the above done
clear
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question_answer35)
Directly or indirectly, business involves transfer or exchange of goods and service of..........
A)
Value done
clear
B)
profit done
clear
C)
Risk done
clear
D)
level done
clear
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question_answer36)
Business involves an element of..........
A)
Risk done
clear
B)
return done
clear
C)
Earning done
clear
D)
None of these done
clear
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question_answer37)
Business include all occupation in which people are busy in earning income by |
I. production of goods and services. |
II. Purchase and sale of goods and services. |
III. Exchange of goods and services. |
Which of the statement(s) given above is/are correct? |
A)
I and II only done
clear
B)
II and III done
clear
C)
Only III done
clear
D)
All of these done
clear
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question_answer38)
It is concerned with mobilising and utilising funds for running a business enterprise
A)
Financing done
clear
B)
production done
clear
C)
Marketing done
clear
D)
All of these done
clear
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question_answer39)
It involves the conversion of raw materials into finished products or generation of services
A)
Financing done
clear
B)
production done
clear
C)
Marketing done
clear
D)
None of these done
clear
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question_answer40)
Consider the following statement(s). |
I. Primary objective of a business is to earn profit. |
II. There is always a possibility of loss in business. |
III. Love, sympathy and affections are the examples of economic activity. |
Which of the statement(s) given above is/are correct? |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer41)
Which of the following statements are correct? |
I. There are two types of business objectives; economic and social. |
II. Survival is social objective. |
III. Protection of environment is social objective. |
Select the correct answer using the codes given below |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer42)
Which of the following statements are correct? |
I. No minimum qualification is required in business. |
II. In employment, no capital investment is required. |
III. In profession, there is very little risk. |
Select the correct answer using the codes given below |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer43)
Which of the following statements are correct? |
I. Industries can be divided in three parts: primary, secondary and tertiary. |
II. Doctors, lawyers and accountants are examples of profession. |
III. The main purpose of advertising is to create and sustain demand. |
Select the correct answer using the codes given below. |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of the above done
clear
View Solution play_arrow
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question_answer44)
Which of the following statements are correct? |
I. Commerce provides necessary links between consumer and producer. |
II. Trade involves buying and selling of goods. |
III. Advertising comes under secondary industries. |
Select the correct answer using the codes given below. |
A)
I and III done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
All of these done
clear
View Solution play_arrow
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question_answer45)
Least risk is found in
A)
Business done
clear
B)
employment done
clear
C)
Profession done
clear
D)
None of the above done
clear
View Solution play_arrow
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question_answer46)
Ownership is transferable in
A)
Business done
clear
B)
profession done
clear
C)
Employment done
clear
D)
None of these done
clear
View Solution play_arrow
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question_answer47)
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) Business is an integral part of society. |
Reason (R) Business can achieve its economic objective by satisfying the need of society. |
Codes
A)
Both (A) and (R) are true and (R) is the correct explanation of done
clear
B)
(A) is true (R) is false done
clear
C)
Both (A) and (R) are false done
clear
D)
Both (A) and (R) are true, but (R) is not the correct explanation of done
clear
View Solution play_arrow
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question_answer48)
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) Business enterprise should take all necessary steps to protect environment. |
Reason (R) Proper arrangement should be made for disposal of affluents, wastes etc. |
Codes
A)
Both (A) and (R) are true and (R) is the correct explanation of done
clear
B)
(A) is true (R) is false done
clear
C)
Both (A) and (R) are false done
clear
D)
Both (A) and (R) are true, but (R) is not the correct explanation of done
clear
View Solution play_arrow
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question_answer49)
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) Employees are the valuable asset of an organisation. |
Reason (R) Because of their contribution, business can expect its success in future. |
Codes
A)
Both (A) and (R) are true and (R) is the correct explanation of done
clear
B)
(A) is true (R) is false done
clear
C)
Both (A) and (R) are false done
clear
D)
Both (A) and (R) are true, but (R) is not the correct explanation of done
clear
View Solution play_arrow
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question_answer50)
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements which one of the following is correct? |
Assertion (A) Unemployment is the major problem of a society. |
Reason (R) The businessman must create employment opportunities so that society can earn their livelihood. |
Codes
A)
Both (A) and (R) are true and (R) is the correct explanation of done
clear
B)
(A) is true (R) is false done
clear
C)
Both (A) and (R) are false done
clear
D)
Both (A) and (R) are true, but (R) is not the correct explanation of done
clear
View Solution play_arrow