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Class 11 Mock Test: Business & Commerce

The document is a mock test focused on business, trade, and commerce, consisting of multiple choice questions, short answer questions, long answer questions, and a case study. It covers various topics such as characteristics of business, economic activities, the role of profit, and the importance of commerce and trade. The case study features a small business scenario involving Rahul and his handmade candle business.

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sankarcharu
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427 views2 pages

Class 11 Mock Test: Business & Commerce

The document is a mock test focused on business, trade, and commerce, consisting of multiple choice questions, short answer questions, long answer questions, and a case study. It covers various topics such as characteristics of business, economic activities, the role of profit, and the importance of commerce and trade. The case study features a small business scenario involving Rahul and his handmade candle business.

Uploaded by

sankarcharu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Mock Test: Business, Trade, and Commerce

Section A: Multiple Choice Questions (1 mark each)

1. Which of the following is not a characteristic of business?

- a) Profit motive

- b) Production of goods

- c) Social service

- d) Exchange of goods and services

2. Which of the following is an economic activity?

- a) Cooking food at home

- b) Teaching in a school

- c) Playing with friends

- d) Watching television

3. Who is known as the father of modern economics?

- a) Adam Smith

- b) Karl Marx

- c) John Keynes

- d) David Ricardo

4. Which type of business activity involves the purchase and sale of goods in the same business line?

- a) Industry

- b) Commerce

- c) Trade

- d) None of the above

5. What is the primary objective of a business?

- a) Welfare of employees

- b) Welfare of society

- c) Profit earning

- d) Customer satisfaction

Section B: Short Answer Questions (3 marks each)

6. Define business. How is it different from profession?

7. Explain the importance of commerce in business.

8. What are the main functions of commerce?


Section C: Long Answer Questions (5 marks each)

9. Discuss the role of profit in business. Why is it considered the main objective?

10. Explain the different types of trade. Provide examples for each type.

Section D: Case Study (6 marks)

11. Read the following case study and answer the questions that follow:

Rahul started a small business selling handmade candles online. He sourced the raw materials from
local suppliers and sold the finished products through his website. Over time, he expanded his
product line to include scented candles, decorative candles, and personalized candles. His business
grew rapidly, and he started receiving orders from different parts of the country.

a) Identify the type of business activity Rahul is engaged in.

b) Explain the role of commerce in Rahul’s business.

c) Discuss the significance of trade in Rahul’s business growth.

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