Question # 1

The basic objective of business is:

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Exchange

Earning Profit

Service to the society

Earning foreign exchange for the govt.

Income from business is called

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Profit

Interest

Satisfaction

Utility

Economic activities mean

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Business

Business and profession

Business, profession end employment

None of the above

For the sale of goods, a businessman depends upon

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The employees

The relatives

The demand of customers

None of these

Economic activity which gives:

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Predetermined income

Fixed income

Both (a) and (b)

None of these

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

If any person gets income on the basis of knowledge and skill then it is:

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Business

Economic activity

Profession

Trade

Economic activity which gives

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Predetermined income

Fixed income

Both a and b

None of these

A person who deals in ready made items is

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Manufacturer

Worker

Trader

Distributor

Which factor plays an important role in improving the standard of living of the people and economic development

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Trade

Industry

Commerce

All the above

A person involved in different economic activities for the purpose of earning profit is called

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Business man

Trader

Industrialist

Professional

Which factor plays an important role in improving the standard of living of the people and economic development:

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Trade

Industry

Commerce

All the above

In order to determine the size of a business we consider

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The availability of the capital

The demand of the goods

The capacity of production

All the above

In order of determine the size of a business we consider:

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The availability of the capital

The demand of the goods

The capacity of production

All the above

If any person gets income on the basis of knowledge and skill then it is

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Business

Economic activity

Profession

Trade

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