Class 11 Business Studies MCQ Questions of Nature and Purpose of Business with answers were prepared based on the latest exam pattern and syllabus. We have provided Nature and Purpose of Business MCQ Questions for Class 11 Business Studies with Answers to help students understand the concept very well. Multiple Choice Questions are an important part of exams for Class 11 Business Studies and if practiced properly can help you to get higher marks.
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1. Business risk is not likely to arise due to
(a) Changes in government policy
(b) Good management
(c) Employee dishonesty
(d) Power failure
2. The industries which provide support services to other industries are known as
(a) Primary industries
(b) Secondary industries
(c) Commercial industries
(d) Tertiary industries
3. The occupation in which people work for others and get remunerated in return is known as
(a) Business
(b) Profession
(c) Employment
(d) None of these
4. Which of the following does not characterize business activity?
(a) Production of goods & services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary and wages
5. Economic activities may be classified into business, ___________ and employment
(a) Profession
(b) occupation
(c) vocation
(d) work
6. Human activities are of ____________ types
(a) One
(b) two
(c) three
(d) four
7. Identify the feature of coordination being highlighted in the given statement: “Coordination is not a one-time function, it begins at the planning stage and continues till controlling.”
(a) Coordination ensures unity of action.
(b) Coordination is an all-pervasive function.
(c) Coordination is a continuous process.
(d) Coordination is a deliberate function.
8. Identify the process that provides the requisite amount, quality, timing, and sequence of efforts, which ensures that planned objectives are achieved with a minimum of conflict.
(a) Management
(b) Planning
(c) Coordination
(d) Controlling
9. Coordination is considered to be the essence of management because ______.
(a) It is a common thread that runs through all the activities within the organisation.
(b) It is implicit and inherent in all functions of the organisation.
(c) It is a force that binds all the functions of management.
(d) All of the above.
10. It is a force that binds all the functions of management.
(a) Cooperation
(b) Coordination
(c) Planning
(d) Management hierarchy
11. This function of management related to placing the right person at the right job is____.
(a) Organising
(b) Staffing
(c) Planning
(d) Controlling
12. Supervision, communication, motivation, and leadership are the key elements of this function of management.
(a) Directing
(b) Controlling
(c) Planning
(d) Organising
13. Successful organisations do not achieve goals by chance but by following a deliberate process known as
(a) Planning
(b) Co-ordination
(c) Controlling
(d) Management
14. Management is essential for the organisations which are
(a) Non-profit organisations
(b) Service organisations
(c) Social organisations
(d) All of the above
15. Management contains a series of interrelated functions that include
(a) Planning
(b) Organising
(c) Directing
(d) All of the above
16. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
17. Successful management ensures that
(a) Goals are achieved with least cost
(b) Timely achievement of goals
(c) Both of the above
(d) None of the above
18. Efficiency is concerned with
(a) Doing the right thing
(b) Doing things right
(c) Achieving end results
(d) None of the above
19. Name the auxiliary to trade which removes the hindrance of time
a) Warehousing
b) Trade
c) Transportation.
d) Banking
20. Soaps are included under which type of industry
a) Synthetical Industry.
b) Analytical Industry.
c) Processing Industry.
d) Assembling Industry.
21. The economic activity in which specialized knowledge is required is
a) Profession
b) Business
c) Employment
d) None of the options
22. Everest Textile Ltd is involved in manufacturing textile products. In which industry is the company involved?
a) Processing industry.
b) Analytical industry
c) Synthetic industry
d) Extractive industry
23. The industries which provides support services to other industries are known as
a) Tertiary
b) Secondary
c) Manufacturing
d) Primary
24. A business firm in India buy toys from China to sell it to Nepal. Identify the type of trading activity mentioned above?
a) Entreport
b) Export
c) Import
d) Retail trade
25. Code of conduct DOES NOT include
a) Dishonesty
b) Rules
c) Morality
d) Integrity
