Access the latest CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set B. We have provided free printable Class 11 Business Studies worksheets in PDF format, specifically designed for Chapter 1 Business, Trade and Commerce. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.
Chapter 1 Business, Trade and Commerce Business Studies Practice Worksheet for Class 11
Students should use these Class 11 Business Studies chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Chapter 1 Business, Trade and Commerce, to help you prepare for school tests and final examination. Regular practice of these Class 11 Business Studies questions will help improve your problem-solving speed and exam accuracy for the 2026 session.
Download Class 11 Business Studies Chapter 1 Business, Trade and Commerce Worksheet PDF
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
| CBSE Class 11 Business Studies Business Services Worksheet Set A |
| CBSE Class 11 Business Studies Business Services Worksheet Set B |
| CBSE Class 11 Business Studies Emerging Modes of Business Worksheet Set A |
| CBSE Class 11 Business Studies Emerging Modes of Business Worksheet Set B |
| CBSE Class 11 Business Studies Social Responsibilities of Business And Ethics Worksheet |
| CBSE Class 11 Business Studies Sources of Business Finance Worksheet |
| CBSE Class 11 Business Studies Small Business Worksheet |
| CBSE Class 11 Business Studies Internal Trade Worksheet Set A |
| CBSE Class 11 Business Studies Internal Trade Worksheet Set B |
Important Practice Resources for Class 11 Business Studies
Chapter 1 Business, Trade and Commerce CBSE Class 11 Business Studies Worksheet
Students can use the Chapter 1 Business, Trade and Commerce practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 11 Business Studies. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.
NCERT Based Questions and Solutions for Chapter 1 Business, Trade and Commerce
Our expert team has used the official NCERT book for Class 11 Business Studies to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions which will help you to understand the best way to solve problems in Business Studies. You can get all this study material for free on studiestoday.com.
Extra Practice for Business Studies
To get the best results in Class 11, students should try the Business Studies MCQ Test for this chapter. We have also provided printable assignments for Class 11 Business Studies on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.
You can download the teacher-verified PDF for CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set B 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 B 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 B 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.
All our Class 11 Business Studies practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 11 Business Studies Nature And Purpose of Business Worksheet Set B without any registration.