Question # 1

Economic activities mean:

Choose an answer

Business

Business and profession

Business, profession and employment

None of the above

A business takes into account the following activities

Choose an answer

Economic

Non-economic

Social

None of these

The objective of non-economic activities is to

Choose an answer

serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

The basic objective of business is

Choose an answer

Exchange

Earning profit

Service to the society

Earning foreign exchange for the govt

What does a business organization mean:

Choose an answer

Sole tradeship

Partnership

Joint stock company

All 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

Economic activity which gives

Choose an answer

Predetermined income

Fixed income

Both a and b

None of these

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

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

A business takes into account the following activities:

Choose an answer

Economic

Non-economic

Social

None of these

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

Choose an answer

Business

Economic activity

Profession

Trade

The objective of non-economic activities is to:

Choose an answer

Serve the society

Earn profit

Serve the society beside spiritual satisfaction

Earning the fame

Income from business is called:

Choose an answer

Profit

Interest

Satisfaction

Utility

Income from business is called

Choose an answer

Profit

Interest

Satisfaction

Utility

Economic activities mean

Choose an answer

Business

Business and profession

Business, profession end employment

None of the above

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer