Question # 1

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

The objective of non-economic activities is to

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serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

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

The basic objective of business is:

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Exchange

Earning Profit

Service to the society

Earning foreign exchange for the govt.

A person who deals in ready made items is

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Manufacturer

Worker

Trader

Distributor

Human activities consist of following activities:

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Un-commended

Commanded

Commanded and un-commanded

None of the above

In order to determine the size of a business we consider

Choose an answer

The availability of the capital

The demand of the goods

The capacity of production

All the above

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

Choose an answer

Trade

Industry

Commerce

All the above

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

A business takes into account the following activities:

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Economic

Non-economic

Social

None of these

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

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Business man

Trader

Industrialist

Professional

Economic activity which gives:

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Predetermined income

Fixed income

Both (a) and (b)

None of these

Economic activities mean:

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Business

Business and profession

Business, profession and employment

None of the above

Income from business is called

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Profit

Interest

Satisfaction

Utility

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Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers

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