CBSE Class 9 Fundamentals of Business Activities Worksheet

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Department of Commerce and Humanities

ELEMENTS OF BUSINESS (154)

Class : IX Unit 1: Fundamentals of Business Activities
 
1 Question 1: State whether the following activities are Economic or Non-Economic:
 
1 A worker working in a coal mine.
 
2 A dancer recording a dance for a movie.
 
3 A doctor taking care of her child suffering from fever.
 
4 A teacher running a coaching class.
 
5 A singer singing for her friends.
 
6 Volunteers collecting donations for a charitable cause.
 
2 Out of four points which is not an economic activity?
 
(a) Production                                (b) Social service
 
(c) Profession                                 (d) Trading in goods
 
3 Which option is not a business activity?
 
(a) Production of goods                   (b) Transportation
 
(c) Exchange of goods                     (d) Work in a factory for wages
 
4 The possibilities of inadequate profits or even losses due to uncertainties are known as_____________.
 
(a)Business contingencies                (b) Business risks
 
(c) Business ventures                      (d) None of these
 
5 Human activities are of ____________ types
 
(a) One                                         (b) two
 
(c) three                                       (d) four
 
6 Which of the following is not an example of non-economic activity?
 
(a) Patriotism                               (b) teaching
 
(c) sentiment                                (d) sympathy
 
7 ______________helps business activities to overcome the problem of storage.
 
(a)Advertising                               (b)Warehousing
 
(c)Insurance                                 (d)Banking
 
8 ______________helps business activities to overcome the problem of knowledge of new products.
 
 
(a)Advertising                               (b)Warehousing
 
(c)Insurance                                 (d)Banking
 
9 ______________helps business activities to overcome the problem of place of supply.
 
(a)Advertising                                (b)Warehousing
 
(c) Transportation                           (d)Banking
 
10 Which of the following is the characteristic of a business?
 
(a)Production                                (b) Exchange or sale

 

(c) Risk element                            (d) All the above

11 In which occupation people get salary or wages in return for their work?
 
(a) Employment                              (b) Business
 
(c) Profession                                  (d) None of the above
 
12 Which item does not cause any business risk?
 
(a) Breakdown of machinery             (b) Efficient management
 
(b) Riot                                           (d) Changing government policy
 
13 In business, why it is essential to make a profit?
 
(a) It provides a return to investors.
 
(b) It provides funds for future extension
 
(c) It increases the reputation of a company
 
(d) All the above
 
14 Which of the following does not characterize business activity?
 
(a) Production of goods & services
 
(b) Presence of risk
 
(c) Sale or exchange of goods and services
 
(d) Salary and wages
 
15 Name the two broad categories of business activities.
 
(a) Trade and commerce                       (b) trade and industry
 
(c) industry and commerce                   (d) none of these
 
16 Commerce includes activities relating to trade and _________________ to trade.
 
(a) Supporting                                     (b) subsidiaries
 
(c) auxiliaries                                      (d) none of these
 
17 Transfer of interest exists in the case of
 
(a) Profession                                    (b) employment
 
(c) business                                       (d) none of these
 
18 ______________helps business activities to overcome the problem of risk.
 
(a)Advertising                                    (b)Warehousing
 
(c)Insurance                                      (d)Banking
 
19 Which of the following is not a business activity?
 
(a)Production of goods                        (b) Work in a factory for wages
 
(c) Exchange of goods                        (d) Transportation
 
20 ‘Training consists of units of Competency’ is a feature of:
 
(a) Vocation                                       (b) Business
 
(c) Management                                 (d) Profession
 
21 Identify the activity which is not an auxiliary to trade?
 
(a) Banking                                       (b) Warehousing
 
(c)Insurance                                     (d) Mining
 
22 Name the occupation in which people work for others in return for wages or salaries?
 
(a)Employment                                 (b) Business
 
(c) Profession                                    (d) None of the above




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