Q.

1 Multiple choice Questions 05

1 What is necessary to continue business?

a. Goods & Service b. Profit 1
c. Non-economic activity d. none of the above

2 What is the return of Employment?

a. Profit b. Salary/Wages 1
c. Fees d. none of the above

3 Trade is a ______________ activity.

a. Social Service b. Economic 1
c. Religious d. Non-economic

4 In which of the following monetary benefits does not include.

a. Economic activity b. non-economic activity 1
c. A & B both d. None of the above

5 Banking, Transportation, Communications are include in

a. Business b. Commerce 1
c. Trade d. none of the above

Q. 2 Answer the following questions in Short. 5

1. What is profession and which are the requirement to be
professional.
2. Give the examples of Primary industries.
3. What is business risk? List out types of business risk.
4. What is Employment? Write down two characteristics of
employment.
5. Discuss the difference between economic-non economic activities
with one example.
Q.3 Write the answer in details ( Any two) 15
1. What is Business? Discuss its characteristics and objectives.
2. Discuss the difference between Business, Profession and
Employment.
3. What is Industry? Explain various types of Industry with suitable
example.
Class: 11th (Eng. Medium) Subject: OCM

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