Nature and Scope of Business — Important Questions
NIOS · Class 10 · Business Studies
60 important questions from Nature and Scope of Business for NIOS Class 10 Business Studies, with answers. Written for the board exams 2027.
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Important Questions from Nature and Scope of Business
Which characteristic is correct for business?
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It involves risk and uncertainty of income
Business is affected by market changes, so income is uncertain and risk is involved.
Which statement about a cobbler making shoes for himself is correct?
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It is not business because there is no sale
Business requires sale or exchange. Making shoes only for self-consumption is not business.
Which one is a consumer good?
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Bread
Consumer goods are used directly by consumers. Bread is a consumer good.
Which one is a capital good?
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Machinery
Capital goods help in production. Machinery is a capital good.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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