Business,Trade and Commerece

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Understanding Business

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NITYA KANODIA

India

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Business,Trade and Commerece


Business,Trade and CommereceVersión en línea Understanding Business por NITYA KANODIA 1 Which of the following is not an auxiliary to trade? a Mining b Insurance c Banking d Warehousing 2 Name the auxiliary to trade which removes the hindrance of time. a Transportation b Trade c Warehousing d Banking 3 Commerce includes activities relating to trade and a Subsidiaries b Supporting c Auxiliaries d None of the above 4 The reward of risk is a Success b Failure c Profit d Loss 5 The possibilities of inadequate profits or even losses due to uncertainties are known as a Business contingencies b Business risks c Business ventures d None of these 6 Business risk is not likely to arise due to a Employee dishonesty b Changes in government policy c Power failure d Good management 7 Which of the following is not a characteristic of a business activity? a Wages b Sale of product c Risk element d Manufacturing goods and services 8 Which of the following is an economic activity in which specialised knowledge is required? a Employment b Business c Profession d None of the above 9 Which of the following is an economic activity? a Social activities b Patriotic activities c Profession d Religious activities 10 Which one of the following is an economic activity? a Non-employment b Employment c Non-profit organisation d None of the above 11 Industries like sugar mills or oil refineries fall under which category? a Primary b Secondary c Tertiary d None of the above 12 Name the two broad categories of business activities. a Industry and commerce b Trade and commerce c Trade and industry d None of these 13 Why should a business earn profit? a To provide return to investors b To increase business reputation c To provide funds for future growth d All of the above 14 Which instrument of exchange was prominent in the subcontinent? a Hundi b Gold c Silver d Copper 15 What has played a vital role in economic development since ancient times? a Trade and Commerce b Banking c Mining d Agriculture 16 What does 'Hundi' literally mean? a To transport b To collect c To trade d To finance 17 Which of the following is treated as an auxiliary to trade? a Banking industry b Insurance industry c C) Transportation industry d All of the above 18 Assertion (A): Business represents the exchange of Goods and Services. Reason (R): Risk and uncertainties are always there in any form of business. a Both A and R are true. R is the correct explanation of A b Both A and R are true. R is not the correct explanation of A c A is true, R is false d A is false, R is true

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Business,Trade and Commerece

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Business,Trade and CommereceVersión en línea

por NITYA KANODIA

Which of the following is not an auxiliary to trade?

Name the auxiliary to trade which removes the hindrance of time.

Commerce includes activities relating to trade and

The reward of risk is

The possibilities of inadequate profits or even losses due to uncertainties are known as

Business risk is not likely to arise due to

Which of the following is not a characteristic of a business activity?

Which of the following is an economic activity in which specialised knowledge is required?

Which of the following is an economic activity?

Which one of the following is an economic activity?

Industries like sugar mills or oil refineries fall under which category?

Name the two broad categories of business activities.

Why should a business earn profit?

Which instrument of exchange was prominent in the subcontinent?

What has played a vital role in economic development since ancient times?

What does 'Hundi' literally mean?

Which of the following is treated as an auxiliary to trade?

Assertion (A): Business represents the exchange of Goods and Services. Reason (R): Risk and uncertainties are always there in any form of business.