Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Multiple Choice
Home trade is divided into
--------------- and -------------
external and internal
domestic and foreign
retail and wholesale
- 2. Multiple Choice
Business risk is not likely to arise due to
Change in government policy
Good management
Employee's dishonesty
Power failure
- 3. Fill in the Blank
…………..is concerned with holding goods in stock for sale in future.
- 4. Multiple Choice
Which of the broad categories of industries covers oil refinery and sugar mills?
Primary
Secondary
Commercial
Tertiary
- 5. Multiple Choice
Which of the following is an economic activity?
A housewife cooking food for her family
A person selling cold water on the pavement
A young boy driving his motorcycle in the City
An old man offering prayers in a temple
- 6. Fill in the Blank
Conversion of cotton into cloth is an example of primary industry. True/False?
- 7. Fill in the Blank
...…………….. industries provide support services to primary & secondary industries.
- 8. Fill in the Blank
...…………...….. is the primary objective of business
- 9. Multiple Choice
Which of the following does not characterise business activity?
Production of goods
Presence of risk
Sale or exchange
Salary or wages
- 10. Multiple Choice
Fishing is what type of industry?
Primary
Secondary
Tertiary
commercial
- 11. Fill in the Blank
Chhavi cooks food at home for her family but Shelly cooks food and sells it to others in a restaurant. Who is engaged in business activity?
- 12. Multiple Choice
...……………. facilitate buying & selling of goods
Trade
Industry
Auxiliaries to trade
None of these
- 13. Fill in the Blank
The trade in which goods are re-exported to another country
- 14. Multiple Choice
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
- 15. Multiple Choice
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
- 16. Multiple Choice
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
- 17. Multiple Choice
A business that is owned and operated by a single person is known as a...
Partnership
Sole trader
Private company
Public company
- 18. Multiple ChoiceKeeping a check on the working of employees isSupervisionMotivationDirectingnone of the above
- 19. Multiple Choice
Start up costs are...
the amount of money spent setting up a business
money spent on a regular basis to keep a business running
Fixed Costs + Variable Costs
costs which change with output
- 20. Multiple ChoiceWhich industry sector is an advertising agency part of?The primary sectorThe secondary sectorThe tertiary sector
- Answer choicesTagsAnswer choicesTags