CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set C

Nature and Purpose of Business

I Answer in one sentence

1. State the meaning of the term Business. 

2. State the peculiar feature of genetic industry. 

3. What do you mean by Trade? 

4. What is the relevance of entrepot trade 

5. Classify human activities. 

6. Define economic activities. 

7. State the different types of economic activities 

8. A person sells his old car at a profit. Can it be termed as a business activity? Explain.

9. State any two examples of products separated by Analytical Industries. 

10. Which industry provides services to primary and secondary industry? 

11. Sugar and paper industry come under which type of industry? 

12 Name the element of business which cannot be completely avoided but can be minimised.

13 How many categories can a business be classified into? 

14 Delhi Metro has made a provision for the sitting of differently –abled persons. State which objective has been achieved here?

15 What is the reward for taking risk in business? 

II Answer in 50-75 words.

16. Compare business with profession and employment. 

17 Define commerce. Briefly describe those two activities which come under commerce

18. Why should business have multiplicity of objectives?

19 What is trade? Explain the various types of trade on the basis of:
a) Volume of transaction
b) Geographical area covered.

III Answer in around 150 words

20. What is the role of profit in business? 

21. Define Business risk. Explain the nature of business risk. 

22. Business risks take place due to carelessness of people and it can be completely eliminated.’ Do you agree? Give reasons.

23 Discuss the importance of commerce in the business world.(Functions) 

24. Auxiliaries to business activities are indispensable. Discuss. 

IV Answer in around 200 words

25. Differentiate between Business, employment and profession on the basis of the following:

a) Mode of establishment b)Nature of work c) Return d)Capital investment e) Risk involved.

26. What factors are important to be considered while starting a business? Explain. 

27. Why does Business need multiple objectives? Explain any six such objectives 

28. Commerce is the sum total of activities that remove hindrances in the free flow of goods from producers to consumers. Explain

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