Official Class 11 Business Studies Worksheets: Chapter 01 Business, Trade and Commerce
Review targeted practice sets for Class 11 Business Studies Chapter 01 Business, Trade and Commerce. Built according to official educational guidelines for the 2026-27 academic year, these downloadable worksheets support daily revision and core concept reinforcement.
Chapter-wise Practice Material: Chapter 01 Business, Trade and Commerce
View or download the dedicated Chapter 01 Business, Trade and Commerce practice resource below. Engaging with these objective and subjective questions daily ensures continuous academic progress and mastery of the 2026-27 curriculum.
NATURE AND PURPOSE OF BUSINESS
I.MULTIPLE CHOICE QUESTIONS (Choose the Correct Alternative)
1. Which of the following is not a characteristic of business?
(a) Production of goods and services (c) Risk element
(b) Sale or exchange of goods and services (d) wages and salaries
2. Which broad category of industry involves assembling of parts to make a new product?
(a)Primary (c) Secondary
(b)Tertiary (d) Genetic
3. Which of these category of industries covers sugar mill and oil refinery?
(a) Primary (c) Secondary
(b) Tertiary (d) Genetic
4. The occupation in which people work for others and get remunerated.
(a) Business (c) Employment
(b) Profession (d) Proprietor
5. The industries which provide support services to other industries.
(a) Primary (c) Secondary
(b) Tertiary (d) Commercial
6. The following broad category of industry covers fishing and fish hatchery.
(a) Primary (c) Secondary
(b) Tertiary (d) Construction
7. ------------- refers to economic activities which are connected with the conversion of resources into useful goods.
(a) Commerce (c) Industry
(b) Auxiliaries to trade (d) Transportation
8. The possibility of inadequate profits and even losses due to uncertain environment is known as :
(a) Business risk (c) Operations management
(b) Business operations (d) Merchandising
9. --------------- is an auxiliary to trade which helps to remove the hindrances of risk.
(a) Transportation (c) Warehousing
(b) Banking (d) Insurance
10. Trade and auxiliaries to trade are the two activities included in-------------.
(a) Industry (c) Warehousing
(b) Commerce (d) Transportation
II. VERY SHORT ANSWER QUESTIONS
11. Explain the concept of business.
12. Explain why business is called an economic activity.
13. What is meant by commerce?
14. Name the auxiliaries to trade which helps to remove the hindrances of risk, finance and place.
15. Explain trade with its types.
16. Rahul, a student of higher class, sells his old books to a second-hand bookshop. Is it a business activity? Why?
17. A person sold his old painting at a profit. Will it be considered as business? Why?
III. LONG ANSWER QUESTIONS
18. Describe the role of profit in business.
19. Discuss the characteristics of business.
20. After completing MBA Nikhil joined his neighbour Rakesh’s business on a salary of Rs. 1 lakh per month. One of Nikhil’s friend gives legal consultancy to Rakesh for a fee. Name and explain the different types of economic activities in which all three of them are involved.
21. Explain the term industry and its various types with examples.
22. Describe ‘Business risk’.
Please click on below link to download CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set B
Free study material for Business Studies
Chapter 01 Business, Trade and Commerce Practice Sheet and Solutions for Class 11 Business Studies
Download Practice Sheet: Chapter 01 Business, Trade and Commerce (Class 11 Business Studies)
Access structured practice worksheets for Chapter 01 Business, Trade and Commerce designed in alignment with the latest CBSE curriculum for Class 11 Business Studies. These printable problem sets help students build accuracy and prepare effectively for school tests.
Concept Clarification for Chapter 01 Business, Trade and Commerce
Each worksheet is structured around standard CBSE textbooks, allowing students to check their working steps and correct mistakes early in their revision.
Additional Study Resources for Class 11 Business Studies
Follow up your worksheet practice by attempting the interactive online Business Studies MCQ test for this chapter to evaluate your execution speed. All platform resources are free to access.
FAQs
You can download the teacher-verified PDF for CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set 02 from StudiesToday.com. These practice sheets for Class 11 Business Studies are designed as per the latest CBSE academic session.
Yes, our CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set 02 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 11.
Yes, we have provided detailed solutions for CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set 02 to help Class 11 and follow the official CBSE marking scheme.
Daily practice with these Business Studies worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 11 students get more marks in CBSE exams.
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