Business, Trade and Commerce — Practice Quiz
CBSE · Class 11 · Business Studies
Try a 4-question quiz on Business, Trade and Commerce for CBSE Class 11 Business Studies: tap an answer to check it and see why.
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Quick Quiz: Business, Trade and Commerce
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What is the primary objective of a business?
Which of the following is NOT an economic activity?
What does the term 'commerce' primarily include?
Which type of industry extracts products from natural sources?
Sample Questions
What is entrepreneurship?
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Process of setting up one's own business
Entrepreneurship involves creating and managing a new business venture, taking financial risks in hope of profit.
Which of these is considered an auxiliary to trade?
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Insurance
Auxiliaries to trade include services like transport, banking, insurance, warehousing, and advertising that support business activities.
What removes the hindrance of time in commerce?
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Warehousing
Warehousing creates time utility by storing goods and making them available when needed, thus overcoming time-related barriers.
What is the reward for taking business risks?
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Profit
Profit is considered the financial compensation for entrepreneurs who take calculated risks in business ventures.
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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