BUSINESS STUDIES

REVISION WORKSHEET 01
CHAPTER 1
Q1 Mr. Mukul sold his furniture and car on OLX as he was shifting base to New Zealand.
Is thisa business activity? Which feature of business is being referred here? 1

Q2 Tea is mainly produced in Assam, while cotton in Gujarat and Maharashtra but they
are required for consumption in different parts of the country. How can this
hindrance of place be removed? 1

Q3 Darshan Sharma prepares soanpapri for customers during Diwali season every year.
He prepared more soanpapri due to increased demand with adulterated ingredients.
He employed women and children for packing and paid them salary. This way he
generated good profit from himself. 3

a) Which objective of business is not fulfilled and which is fulfilled?

b) Mention atleast two aspects of each objective.

Q4 Mr. Mahesh is an orthopedic surgeon in Ganga ram hospital and Mr. Harish, his friend
is an eye specialist who has set his own clinic. Mr. Harsh‘s wife, Mrs. Savita operates
her Jewelry shop. Compare and differentiate the nature of tasks undertaken by them
on any three bases. 3

Q5 Anshul, Abir and saksham are close friends who have recently completed their
studies. Whenthey meet their teacher Mr. Gaurav he enquires from each one of them
about their career plans. But none of them has a definite reply Mr. Gaurav suggests
to them that they can opt for business as a promising and challenging career.
Saksham got excited by the idea and says‖ Yes, business is really good for making lots
of money even more than what is possible by becoming a manager. 3
Do you agree that business is meant only for minting money? Give two reasons
supporting your answer.

Q6 Harsh is a well-known orthopedic doctor in Agra. He runs his private clinic under
the name ‘Joint and Bone Clinic‘. 3
In context of the above case:
a) Identify the type of economic activity that Harsh is engaged in.
b) State the feature of the type of economic activity as
identified in part (a) of the question.

Q7 Name and explain the two characteristics of business which involve possibility of loss. 2

Q8. Kapil Sharma wants to start a business of fashionable items. But he is hesitating to go ahead
with his plans because of the various kinds of risks which are inherent in every business .He
consults his friend Sunil in this regard for guidance about ways to overcome such situations
effectively in his business. 3
In context of the above case
a. Describe briefly the various types of business risk.
b. State any two suggestions which Sunil is likely to give to Kapil Sharma to overcome
suchsituations effectively in his business.
c. Explain briefly any two causes of business risk.