Evolution and Fundamentals of Business Quiz- 2

Evolution and Fundamentals of Business Quiz-2

Quiz

 

1. Industry where various ingredients are combined to form a new product is called______industry:
   1.   Analytical
   2.   Synthetical
   3.   Processing
   4.   Assembling
2. In which year ‘Make in India’ program was launched:
   1.   2016
   2.   2015
   3.   2014
   4.   2018
3. The work of production of goods is covered under______:
   1.   Industry
   2.   Manufacturing
   3.   Trade
   4.   Auxiliary to trade
4. Capital investment is required in _______&______ and not in _______:
   1.   Business & employment; profession
   2.   Business & profession; employment
   3.   Employment & profession; business
   4.   Business & trade; employment
5. A and B are two friends, A told B that he wants to purchase his old car B agreed to it and asked A to give him his bike that B wants to gift to his son on his birthday. This is a:
   1.   Business
   2.   Economic activity
   3.   Profession
   4.   Non-economic activity
6. Mrs. Sunita is a teacher in a primary school. She also teaches her son at home, which of the following activities Mrs. Sunita is performing while teaching her son:
   1.   Economic
   2.   Non-economic
   3.   Business
   4.   None of these
7. Different types of clothes were exported from the city ______, during ancient period
   1.   Surat
   2.   Ujjain
   3.   Mithila
   4.   Broach
8. Which of these is not a characteristic of business activities
   1.   Profit earning
   2.   Production or procurement of goods and services
   3.   Uncertainty of returns
   4.   Fees
9. Can business activity be carried on without occurring risks:
   1.   True
   2.   False
   3.   Partially true
   4.   Partially false
10. Which of the following situations could arise a risk for the business:
    1.   Change in taste and preferences
    2.   Change in production method
    3.   Increased competition
    4.   All of these
11. Business activities starts with production and ends with _______:
    1.   Consumption
    2.   Marketing
    3.   Sales
    4.   Both consumption and sales
12. Manufacturing of steel is an example of:
    1.   Primary industry
    2.   Tertiary industry
    3.   Secondary Industry
    4.   Extractive industry
13. Those industries which are concerned with the extraction and production of natural resources and reproduction and development of living organisms and plants are:
    1.   Productive
    2.   Tertiary
    3.   Primary
    4.   Secondary
14. In the old age the document which was used to facilitate transfer of money from one hand to another for trading activities is called:
    1.   Hundi
    2.   Chitties
    3.   Both of the above
    4.   None of these
15. Mr. Narayan is working in a company as an assistant manager. What reward/return will he receive for his services:
    1.   Profit
    2.   Salary
    3.   Fees
    4.   Interest
16. Raj wants to start a business of his own, he thinks that starting a business would give him profits for sure. Which characteristic do you think Raj is lacking to understand in order to start a business:
    1.   Uncertainty of returns
    2.   Production and procurement of goods and services
    3.   Profit earning
    4.   Element of risk
17. Subhash’s son is not well educated and hence cannot find a good job. Subhash is now thinking of starting a business for his son so that he can earn his living. Is Subash’s son eligible to carry on a business activity:
    1.   Yes
    2.   No
    3.   Yes, but after having certain qualifications
    4.   None of these
18. Business activities can be classified into:
    1.   Trade and commerce
    2.   Auxiliary to trade and trade
    3.   Business and manufacturing
    4.   Industry and commerce
19. Industries which produce goods through processing of raw material is:
    1.   Extractive industry
    2.   Genetic industry
    3.   Tertiary industry
    4.   Manufacturing industry
20. The industry which supplies raw materials out of the natural resources is:
    1.   Manufacturing industry
    2.   Raw material industry
    3.   Tertiary industry
    4.   Extractive industry
21. A nurse providing first aid to a child in her neighbourhood who fell from the stairs is which activity.
    1.   Economic
    2.   Non-economic
    3.   Profession
    4.   None of these
22. Tertiary industries are also called as:
    1.   Primary industry
    2.   Trade
    3.   Auxiliaries to trade
    4.   Business
23. Sugar and paper are manufactured in a _______ industry:
    1.   Processing
    2.   Analytical
    3.   Assembling
    4.   Synthetical
24. Activities involving the removal of hindrances occuring during the process of exchange are included in:
    1.   Business
    2.   Employment
    3.   Commerce
    4.   Profession
25. Trade and auxiliaries to trade are a part of:
    1.   Business
    2.   Commerce
    3.   Both of the above
    4.   None of these