Business Risks and Insurance
ICSE · Class 11 · Commerce
Practice quiz for Business Risks and Insurance — ICSE Class 11 Commerce. MCQs and questions with answers to test your preparation.
Interactive on Super Tutor
Studying Business Risks and Insurance? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.
1,000+ Class 11 students started this chapter today
Quick Quiz: Business Risks and Insurance
0/4Tap an answer to check it instantly. No sign-up needed for these 4.
What is the best definition of business risk in commerce?
Who defined risk as 'uncertainty regarding a loss'?
Which statement correctly gives Wheeler's definition of risk?
Which of the following is one of the three kinds of risks a businessman has to bear?
Sample Questions
Which statement about business and risk is correct?
Show answer
There can be no business without risk
Risk is an essential part of business, so business cannot exist without it.
What is the reward of risk in business?
Show answer
Profit
Profit is described as the reward for risk taking in business.
Which type of risk is related to inefficient management inside a firm?
Show answer
Internal risk
Inefficient management is a cause of internal risk because it arises within the firm.
Which of the following is an example of external risk?
Show answer
Government policy
Government policy is an external cause of business risk because it comes from outside the firm.
+61 more questions available
Practice AllFrequently Asked Questions
What are the important topics in Business Risks and Insurance for ICSE Class 11 Commerce?
How to score full marks in Business Risks and Insurance — ICSE Class 11 Commerce?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Business Risks and Insurance
Important Questions
Practice with board exam-style questions
Revision Notes
Key points for last-minute revision
Formula Sheet
All formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect visually
Study Plan
Step-by-step plan to ace this chapter
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full Business Risks and Insurance chapter — for free.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 11 Commerce.