NCERT Solutions of Class 11 B.Studies Ch-1 Business, Trade and Commerce

Exercise

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Short Answer Questions

Question 1:
Why is business considered as economic activity?

Question 2:
How does business contribute to the economic development of a country?

Question 3:
State the different types of economic activities.

Question 4:
State the meaning of business.

Question 5:
How would you classify business activities?

Question 6:
What are the various types of industries?

Question 7:
Explain any two business activities which are auxiliaries to trade.

Question 8:
What is the role of profit in business?

Question 9:
What is meant by business risk?

Question 10:
State the causes of risks involved in business?

Long Answer Questions

Question 1:
Discuss the development of indigenous banking system in Indian subcontinent.

Question 2:
Define business. Describe its important characteristics.

Question 3:
Compare business with profession and employment.

Question 4:
Define Industry. Explain various types of industries giving examples.

Question 5:
Describe the activities relating to commerce.

Question 6:
Explain any five objectives of business.

Question 7:
Explain the concept of business risk and its causes.

Question 8:
What factors are to be considered while starting a business? Explain.

Class 11 B.Studies Ch-1 Business, Trade and Commerce

Class 11 B.Studies Ch-1 Business, Trade and Commerce