State the different types of Economic activities Class 11 business studies

Economic activities

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MCQ Business Studies for class 11 Unit 2 Forms of Business Organizations

MCQ Commerce HS 1st year Business Studies Unit 2 :Forms of Business Organizations

Quiz

 

1. The structure in which there is separation of ownership and management is called?
   1.   Sole proprietorship
   2.   Partnership
   3.   Company
   4.   All business organizations
2. The Karta in Joint Hindu family business has:
   1.   Limited liability
   2.   Unlimited liability
   3.   No liability for debts
   4.   Joint liability
3. In a cooperative society the principle followed is:
   1.   One share one vote
   2.   One man one vote
   3.   No vote
   4.   Multiple votes
4. The board of directors of a joint stock company is elected by:
   1.   General public
   2.   Government bodies
   3.   Shareholders
   4.   Employees
5. The maximum number of partners allowed in the banking business are:
   1.   Twenty
   2.   Ten
   3.   No limit
   4.   Two
6. Profits do not have to be shared. This statement refers to:
   1.   Partnership
   2.   Joint Hindu family business
   3.   Sole proprietorship
   4.   Company
7. The capital of a company is divided into number of parts each one of which are called:
   1.   Dividend
   2.   Profit
   3.   Interest
   4.   Share
8. The Head of the Joint Hindu family Business is called:
   1.   Proprietor
   2.   Director
   3.   Karta
   4.   Manager
9. Provision of residential accommodation to the members at reasonable rates is the objective of:
   1.   Producer’s cooperative
   2.   Consumer’s objective
   3.   Housing cooperative
   4.   Credit cooperative
10. A partner whose association with the firm is unknown to the general public is called:
    1.   Active partner
    2.   Sleeping partner
    3.   Nominal partner
    4.   Secret partner
11. Name the form of business organization found only in India:
    1.   Sole Proprietorship
    2.   Partnership
    3.   Joint Hindu Family
    4.   Cooperatives
12. Choose the type of business in which sole proprietorship is very suitable:
    1.   CA Firm
    2.   Beauty Parlour
    3.   A shopping mall
    4.   All of these
13. Name the person who manages a Joint Hindu Family Business:
    1.   Manager
    2.   Minor
    3.   Members
    4.   Karta
14. Name the law which governs Joint Hindu Family Business:
    1.   Partnership Act
    2.   Hindu Law
    3.   Companies Act, 1956
    4.   Contract Act
15. Which document is called charter of a company?
    1.   Memorandum of Association
    2.   Articles of Association
    3.   Prospectus
    4.   All of the above
16. What is the minimum number of persons required to form a co-operative society?
    1.   2
    2.   7
    3.   10
    4.   20
17. Which of the following has unlimited liability in business?
    1.   Sole Proprietor
    2.   Karta
    3.   Partners
    4.   All of the above
18. Name the type of company which must have a minimum paid up capital of 5 lacks,
    1.   Public Company
    2.   Private Company
    3.   Government Company
    4.   All of the above
19. Which of the following has a separate legal entity?
    1.   Joint Stock Company
    2.   Co-operative Society
    3.   Both of the above
    4.   None of the above
20. Minor can be full-fledged member of:
    1.   Co-operative Society
    2.   Joint Stock Company
    3.   Joint Hindu Family
    4.   Partnership

MCQ Business Studies for class 11 Unit 1 Nature and Purpose of Business

Business Studies class 11 Commerce, Unit 1

Quiz

 

1. Which of the following does not characterize business activity?
   1.   Production of goods and services
   2.   Presence of risk
   3.   Sale or exchange of goods and services
   4.   Salary or wages
2. Which of the broad categories of industries covers oil refinery and sugar mills?
   1.   Primary
   2.   Secondary
   3.   Tertiary
   4.   None of them
3. Which of the following cannot be classified as an auxiliary to trade?
   1.   Mining
   2.   Insurance
   3.   Warehousing
   4.   Transport
4. The occupation in which people work for others and get remunerated in return is known as?
   1.   Business
   2.   Employment
   3.   Profession
   4.   None of them
5. The industries which provide support services to other industries are known as?
   1.   Primary industries
   2.   Secondary industries
   3.   Commercial industries
   4.   Tertiary industries
6. Which of the following cannot be classified as an objective of business?
   1.   Investment
   2.   Productivity
   3.   Innovation
   4.   Profit earning
7. Business risk is not likely to arise due to?
   1.   Changes in government policy
   2.   Good management
   3.   Employee dishonesty
   4.   Power failure
8. Which of the following is an economic activity?
   1.   Cooking food for self consumption
   2.   Cooking food for sale
   3.   Cooking food for donation
   4.   All of the above
9. Which of the following is not a business activity?
   1.   Production of goods
   2.   Trading of goods
   3.   Storage of goods
   4.   Working in a hospital for wages
10. Which of the following is not a feature of employment?
    1.   Fixed wages
    2.   Agreement between employer and employee
    3.   Terms and conditions
    4.   Element of risk
11. Choose the odd one out:
    1.   Insurance
    2.   Warehousing
    3.   Mining
    4.   Banking
12. Which of the following is not an insurable risk?
    1.   Risk of theft
    2.   Risk of fire
    3.   Risk of change in pattern of demand
    4.   Risk of change in pattern of demand
13. Which of the following is a cause of business risk?
    1.   Natural causes
    2.   Political causes
    3.   Economic causes
    4.   All of the above
14. Profits are necessary for:
    1.   Expansion
    2.   Survival
    3.   Innovation
    4.   All of the above
15. Objectives of business do not include:
    1.   Higher returns to investors
    2.   Employee satisfaction
    3.   Maximum price-from consumers
    4.   Market standing.
16. Which of the following is an example of genetic industry?
    1.   Mining
    2.   Lumbering
    3.   Animal husbandry
    4.   Hunting
17. Which of the following is an example of secondary industry?
    1.   Genetic industry
    2.   Extractive industry
    3.   Synthetic industry
    4.   All of the above