Question # 1

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

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Business

Economic activity

Profession

Trade

The businessman is:

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A trader

A producer

A distributor

A trader, producer and distributor

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

The businessman is

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A trader

A producer

A distributor

A trader, producer and distributor

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 end employment

None of the above

Human activities consist of following activities:

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Un-commended

Commanded

Commanded and un-commanded

None of 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

For the sale of goods, a businessman depends upon:

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The employees

The relatives

The demand of customers

None of these

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

A person who deals in ready made item is:

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Manufacturer

Worker

Trader

Distributor

Economic activity which gives

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Predetermined income

Fixed income

Both a and b

None of these

A business takes into account the following activities:

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Economic

Non-economic

Social

None of these

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

Income from business is called

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Profit

Interest

Satisfaction

Utility

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