NCERT Class 11 Business Studies Nature and Purpose of Business

Read and download NCERT Class 11 Business Studies Nature and Purpose of Business chapter in NCERT book for Class 11 Business Studies. You can download latest NCERT eBooks for 2021 chapter wise in PDF format free from This Business Studies textbook for Class 11 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 11 Business Studies to understand the answers of the exercise questions given at the end of this chapter

Nature And Purpose Of Business Class 11 Business Studies NCERT

Class 11 Business Studies students should refer to the following NCERT Book chapter Nature And Purpose Of Business in standard 11. This NCERT Book for Grade 11 Business Studies will be very useful for exams and help you to score good marks

Nature And Purpose Of Business NCERT Class 11


Multiple Choice Questions

1. Which of the following does not characterise business activity?

(a) Production of goods (b) Presence of risk and services

(c) Sale or exchange of (d) Salary or wages goods and services

2. Which of the broad categories of industries covers oil refinery and sugar mills ?

(a) Primary (b) Secondary

(c) Tertiary (d) None of them

3. Which of the following cannot be classified as an auxilliary to trade?

(a) Mining (b) Insurance

(c) Warehousing (d) Transport

4. The occupation in which people work for others and get remunerated in return is known as

(a) Business (b) Employment

(c) Profession (d) None of them

5. The industries which provide support services to other industries are known as

(a) Primary industries (b) Secondary industries

(c) Commercial industries (d) Tertiary industries

6. Which of the following cannot be classified as an objective of business?

(a) Investment (b) Productivity

(c) Innovation (d) Profit earning

7. Business risk is not likely to arise due to

(a) Changes in government policy (b) Good management

(c) Employee dishonesty (d) Power failure

Short Answer Questions

1. State the different types of economic activities.

2. Why is business considered an economic activity?

3. Explain the concept of business.

4. How would you classify business activities?

5. What are various types of industries?

6. Explain any two business activities which are auxiliaries to trade.

7. What is the role of profit in business?

8. What is business risk? What is its nature?

Long Answer Questions

1. Explain the characteristics of business.

2. Compare business with profession and employment.

3. Explain with examples the various types of industries.

4. Describe the activities relating to commerce.

5. Why does business need multiple objective? Explain any five such objectives.

6. Explain the concept of business risk and its causes.

7. What factors are important to be considered while starting a business? Explain.


Please refer to attached file for NCERT Class 11 Business Studies Nature and Purpose of Business



Click to View or Download pdf file
Click for more Business Studies Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE Board Examination Scheme of Assessment 2021 2022

A. Academic session to be divided into 2 Terms with approximately 50% syllabus in each term: The syllabus for the Academic session 2021-22 will be divided into 2 terms by following a systematic approach by looking into the interconnectivity of concepts and topics by...

Moderation of Marks Class 11 and 12 Board Exams

The portal for moderation and finalization of results for Class-12 is being opened from 16.07.2021 to 22.07.2021. As Board has to declare the result latest by 31.07.2021, schools have been requested to follow the schedule strictly and complete the moderation within...

Score well in Class 12 English Boards Exam

12th Board exams are an important part of students' lives. The marks obtained in the board exam decide the college in which one can study. In class 12 the syllabus of each and every subject increases vastly and it is difficult to cover up every point. In English also...

How To Solve Unseen Passages In English

Unseen passages may contain one or many paragraphs. This is one of the important yet easy parts for a student to get marks. Students should thoroughly study and understand the passage to answer the related questions. The unseen passages are there just to test the...

MCQ Question based CBSE examination

For 2021-22 CBSE has launched MCQ question-based examination for Term 1 & Term 2 board examinations. The entire syllabus has been divided into two parts each including 50% of the entire syllabus. To score well, students must practice as per the new CBSE term-wise...

CBSE Class 10 Revised Syllabus

Last year CBSE had to reduce the syllabus because of the pandemic situation but it was not very effective because there were no examinations. This year to avoid any confusion and conflict, CBSE has decided to reduce the syllabus into term 1 and term 2. 50 percent of...

Studies Today