CBSE Class 11 Business Studies Nature and Purpose of Business VBQs

Read and download the CBSE Class 11 Business Studies Nature and Purpose of Business VBQs. Designed for the 2025-26 academic year, these Value Based Questions (VBQs) are important for Class 11 Business Studies students to understand moral reasoning and life skills. Our expert teachers have created these chapter-wise resources to align with the latest CBSE, NCERT, and KVS examination patterns.

VBQ for Class 11 Business Studies Chapter 1 Business Trade and Commerce

For Class 11 students, Value Based Questions for Chapter 1 Business Trade and Commerce help to apply textbook concepts to real-world application. These competency-based questions with detailed answers help in scoring high marks in Class 11 while building a strong ethical foundation.

Chapter 1 Business Trade and Commerce Class 11 Business Studies VBQ Questions with Answers

Very Short Answer Type Questions



Question : Which type of risks means chance of loss without any possibility of gain?
Answer : Pure risks.
 
Question : Why do we insure goods?
Answer : We insure goods in order to minimise the risk of loss. Goods may be damaged or destroyed by fire, theft and natural calamities in the process of transport and storage. Insurance protects against such loss.
 
Question : Mining of iron ore is an example of which industry?
Answer : Primary industry.
 
Question : Is dairying a genetic or an extractive industry?
Answer : Genetic industry.
 
Question : Mention two types of secondary industries.
Answer : (a) Manufacturing industries. (b) Construction industries.
 
Question : Give two examples of tertiary industries.
Answer : (a) Banking. (b) Transportation.
 
Question : Name the business activity which is concerned with conversion of resources into useful products.
Answer : Industry. 
 
 

Short Answer Type Questions 


Question : If a person sells his domestic computer at a profit, will it be considered a business? Also explain the characteristic of business which is being highlighted above. 
Answer : No.
Characteristic of Business —
Dealing in goods and services on a regular basis/regular dealing. 
 
Question : 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?
Also under what business activity will it be categorised. State. 
Answer : Through ‘Transport’ this hindrance of place can be removed. (Auxiliaries/Aids to Trade)
It will be categorised under ‘Employment’. 
 
 
Question : Deepak Wadhwa and Sons have been carrying on the business of diamond cutting since the last three generations in Bhuj, Gujarat. Since Bhuj is prone to earthquakes, the firm has decided to insure their business premises and inventory with Star Insurance Company.
Which kind of risks the company is trying to minimise? 
Answer : Natural causes.
 
Question : Ram, Mohan and Sohan are good friends. Ram is working as a doctor in a private hospital and getting salary ` 1,50,000 per month. Mohan is a farmer and producing 50 quintals wheat for his own consumptions. Sohan is working as a teacher in a school and getting salary ‘ 40,000 per
month. In addition to that Sohan teaches some slum area children in the evening and does not charge anything from them. It gives him a psychological and mental satisfaction. 
(a) Which type of human activity is performed by Ram.
(b) Which type of human activity is performed by Mohan?
(c) Quoted from the lines from the above paragraph which types of human activities are performed by Sohan.
Answer : (a) Economic activity.
(b) Non-economic activity.
(c) Sohan is a teacher in a school and getting salary-Economic activity.
Sohan teaches some students of slum area and does not charge from them as it gives him psychological and mental satisfactions-Non-economic activity. 
 
 

Long Answer Type Questions

1. Discuss the development of indigenous banking system in Indian subcontinent.
2. Define business. Describe its important characteristics.
3. Compare business with profession and employment.
4. Define Industry. Explain various types of industries giving examples.
5. Describe the activities relating to commerce.
6. Explain any five objectives of business.
7. Explain the concept of business risk and its causes.
8. What factors are to be considered while starting a business? Explain.
Chapter 01 Business Trade and Commerce
CBSE Class 11 Business Studies Nature and Purpose of Business VBQs
Chapter 02 Forms of Business Organisation
CBSE Class 11 Business Studies Forms of Business Organisation VBQs
Chapter 10 Internal Trade
CBSE Class 11 Business Studies Internal Trade VBQs

Important Practice Resources for Class 11 Business Studies

VBQs for Chapter 1 Business Trade and Commerce Class 11 Business Studies

Students can now access the Value-Based Questions (VBQs) for Chapter 1 Business Trade and Commerce as per the latest CBSE syllabus. These questions have been designed to help Class 11 students understand the moral and practical lessons of the chapter. You should practicing these solved answers to improve improve your analytical skills and get more marks in your Business Studies school exams.

Expert-Approved Chapter 1 Business Trade and Commerce Value-Based Questions & Answers

Our teachers have followed the NCERT book for Class 11 Business Studies to create these important solved questions. After solving the exercises given above, you should also refer to our NCERT solutions for Class 11 Business Studies and read the answers prepared by our teachers.

Improve your Business Studies Scores

Daily practice of these Class 11 Business Studies value-based problems will make your concepts better and to help you further we have provided more study materials for Chapter 1 Business Trade and Commerce on studiestoday.com. By learning these ethical and value driven topics you will easily get better marks and also also understand the real-life application of Business Studies.

Where can I find 2025-26 CBSE Value Based Questions (VBQs) for Class 11 Business Studies Chapter Chapter 1 Business Trade and Commerce?

The latest collection of Value Based Questions for Class 11 Business Studies Chapter Chapter 1 Business Trade and Commerce is available for free on StudiesToday.com. These questions are as per 2026 academic session to help students develop analytical and ethical reasoning skills.

Are answers provided for Class 11 Business Studies Chapter Chapter 1 Business Trade and Commerce VBQs?

Yes, all our Business Studies VBQs for Chapter Chapter 1 Business Trade and Commerce come with detailed model answers which help students to integrate factual knowledge with value-based insights to get high marks.

What is the importance of solving VBQs for Class 11 Chapter Chapter 1 Business Trade and Commerce Business Studies?

VBQs are important as they test student's ability to relate Business Studies concepts to real-life situations. For Chapter Chapter 1 Business Trade and Commerce these questions are as per the latest competency-based education goals.

How many marks are usually allocated to VBQs in the CBSE Business Studies paper?

In the current CBSE pattern for Class 11 Business Studies, Chapter 1 Business Trade and Commerce Value Based or Case-Based questions typically carry 3 to 5 marks.

Can I download Business Studies Chapter Chapter 1 Business Trade and Commerce VBQs in PDF for free?

Yes, you can download Class 11 Business Studies Chapter Chapter 1 Business Trade and Commerce VBQs in a mobile-friendly PDF format for free.