BUSINESS STUDIES chapter 1 and 2

A vibrant illustration representing economic activities and business structures, featuring various icons like factories, goods exchange, and a classroom setting to symbolize education in business studies.

Business Studies Quiz: Chapters 1 & 2

Test your knowledge of Business Studies with our engaging quiz covering the first two chapters! This quiz includes questions on economic activities, business structures, and the characteristics of businesses.

10 multiple choice questions
Focus on key concepts from Business Studies
Learn as you play!

10 Questions2 MinutesCreated by LearningTiger42

Which of the following is not an economic activity?

Production

Social Services

Professional

Trading in goods

Which of the following is not a business activity

Production of goods

Transportation

Exchange of goods

Work in a factory for wages

Which of the following is the characteristic of a business

Production

Exchange or Sale

Risk Element

All of the options

Oil refineries and sugar mills are classified under which industries?

Primary

Secondary

Tertiary

None of the above

Which of the following is a false statement?

The scope of commerce is narrower than business.

Commerce includes trade and auxiliaries to trade

Foreign trade is purchase and sale by the traders of the same country.

Traders serve as a link between producers and consumers.

The structure in which there is separation of ownership and management is called?

Sole proprietorship

Partnership

Company

All business organizations

Which of the following is not a non-economic activity?

Patriotism

Teaching

Sentiment

Sympathy

The Karta in The Joint Hindu Family business has

Limited liability

Unlimited liability

No liabilities or debts

Joint liability

Organizations with single owner are called

Partnership

Sole proprietorship

Company

Cooperative society

BUSINESS STUDIES chapter 1 and 2

Business Studies Quiz: Chapters 1 & 2

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