Class 11 Business, Trade and Commerce worksheet

Sample questions

Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.

Section A · multiple choice

1. 1.

   An economic activity carried on regularly to earn profit by producing or exchanging goods and services is:

   1. employment
   2. charity
   3. profession
   4. business

   Answer

   (d) business

2. 2.

   What is meant by “industry”?

   1. activities that produce or process goods
   2. the chance of low profits or losses from uncertain events
   3. importing goods in order to export them again
   4. buying and selling of goods

   Answer

   (a) activities that produce or process goods

3. 3.

   A farm breeds cattle and sells the calves. What kind of industry is this?

   1. assembling
   2. construction
   3. extractive
   4. genetic

   Answer

   (d) genetic

Section B · short answer

1. 4.

   What is meant by business?

   Answer

   An economic activity of producing or buying and selling goods and services, carried on regularly to earn profit.

2. 5.

   Explain each term: (a) auxiliaries to trade (b) business risk

   Answer

   (a) services such as transport, banking and insurance that support trade (b) the chance of low profits or losses from uncertain events

Section C · long answer

1. 6.

   Explain the classification of industries with examples.

   Answer

   Primary (extractive: mining; genetic: poultry), secondary (manufacturing: analytical, synthetical, processing, assembling; construction: roads, bridges) and tertiary (support services such as transport and banking).

Fresh sheets for your child

In the app, every Business, Trade and Commerce sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.

Coming soon for Android and iPhone.

More Class 11 Business Studies