Business, Trade and Commerce

Class 11 · Business Studies · 17 Questions

1intermediate💡 Understand3 marksShort Answer

State whether each of the following is an economic activity or not. Give reasons for your answer.

1beginner💡 Understand3 marksShort Answer

Why is business considered as economic activity?

2intermediate💡 Understand3 marksShort Answer

How does business contribute to the economic development of a country?

3beginner🧠 Remember1 markVery Short

State the different types of economic activities.

4beginner🧠 Remember1 markVery Short

State the meaning of business.

5beginner💡 Understand3 marksShort Answer

How would you classify business activities?

6beginner🧠 Remember3 marksShort Answer

What are the various types of industries?

7intermediate💡 Understand3 marksShort Answer

Explain any two business activities which are auxiliaries to trade.

8intermediate💡 Understand3 marksShort Answer

What is the role of profit in business?

9beginner🧠 Remember1 markVery Short

What is meant by business risk?

10beginner🧠 Remember3 marksShort Answer

State the causes of risks involved in business?

1intermediate💡 Understand5 marksLong Answer

Discuss the development of indigenous banking system in Indian subcontinent.

3intermediate🔍 Analyze5 marksLong Answer

Compare business with profession and employment.

4intermediate💡 Understand5 marksLong Answer

Define Industry. Explain various types of industries giving examples.

5intermediate💡 Understand5 marksLong Answer

Describe the activities relating to commerce.

7intermediate💡 Understand5 marksLong Answer

Explain the concept of business risk and its causes.

8intermediate💡 Understand5 marksLong Answer

What factors are to be considered while starting a business? Explain.