Class 11 Business Studies Chapter 1 Worksheet (Business, Trade & Commerce or Nature and Purpose of Business)
Welcome to a brand-new worksheet focusing on Class 11 Business Studies Chapter 1 (Business, Trade & Commerce or Nature and Purpose of Business).
Practicing these questions (MCQs and case-based questions) helps you understand the fundamental concepts of trade, commerce, and ancient Indian trade centers.
Moreover, you can learn the nature and purpose of business, various types of industries, and the intricacies of indigenous banking systems, including Hundis, from this worksheet.
Additionally, concentrating on real-world case studies, including business risks, economic activities, and government initiatives like the Make in India project, will motivate you for upcoming school assessments.
Before you proceed further, below are the quick details:
- Class: 11
- Subject: Business Studies
- Chapter Number: 1
- Chapter Name: Business, Trade & Commerce or Nature and Purpose of Business
- Worksheet Number: 1
- Worksheet Type: MCQs and Case-based Questions
The worksheet begins from here.
Class 11 BST Questions
Q1. Soap is included under which type of industry?
- Analytical Industry
- Synthetic Industry
- Processing Industry
- Assembling Industry
Q2. The “Make in India” project was launched on:
- 15th August 2014
- 2nd October 2014
- 25th September 2014
- 8th November 2016
Q3. Which place was prominent for skilled artisans to work and convert raw material into finished goods which were high in demand?
- Village
- Karkhana
- Jhopari
- Chopal
Q4. Which of the following is not a business activity?
- Production of goods
- Work in a factory for wages
- Exchange of goods
- Transportation
Q5. Which of the following is not a cause of business risk?
- Breakdown of machinery
- Efficient management
- Riot
- Changing government policy
Q6. _______ is the hundi which is made payable to order following a fixed term.
- Firman jog Darshani
- Dhani jog Darshani
- Firman jog Muddati
- Dhani jog Muddati
Q7. This trade centre of ancient India was the place for the foreign ships to purchase pearls, glass and rare stones and sell gold & silk.
- Kanchi
- Madura
- Tamralipti
- Ujjain
Q8. Motorola Solutions has been earning high profits over the years. As a result, its owner Mr. Rahul Lahoti is leading a good standard of life. Moreover, he plans to open a new branch in a few months. Identify two points highlighting the role of profit in business being discussed in the above paragraph.
Q9. Indigenous banking system played a prominent role in lending money and financing domestic and foreign trade. There was an instrument of exchange which was prominent in the subcontinent.
- Identify the instrument of exchange notable in the great ancient commercial centres of India.
- State two important features of the instrument of exchange identified in part (a).
Q10. Professor Amartya Sen, an economist, has presented a report on backward areas, stating that the backward regions have ample opportunities for their economic development if proper industries are established by the entrepreneurs seeing the availability of local resources. The unskilled and uneducated workforce can be employed in farming, mining, lumbering, hunting and fishing industries. Identify the category and further sub-division of the industry referred to in the above paragraph.
Q11. For Procter and Gamble (P&G), producers of Vicks, purpose, values and principles are the foundation of P&G’s unique culture. Throughout its history of 170 years, business has grown and changed while these elements have endured and will continue to be passed down to generations of P&G people to come. The company’s purpose unifies personnel in a common cause and growth strategy of improving more consumers' lives in a small but meaningful way each day. It inspires P&G people to make a positive contribution every day. P&G brands and P&G people are the foundation of P&G's success. P&G people bring values to life as the company focuses on improving the lives of the world's consumers. P&G always tries to do the right things with the aim of earning the gains coupled with enhancement in goodwill and customer satisfaction.
By quoting the lines from the above case about P&G Ltd., explain the various Business Objectives in detail.
Q12. Sampat Prasad, a small shopkeeper in Jaipur, Rajasthan used to sell the famous ‘Bhujia-Sev’. It was a quick-selling product for local customers. His son, after completing his studies, joined his father’s business and wanted to expand the business by forming a company named Sampat Bhujia Ltd., offering a wide range of products to its local and foreign customers like namkeen, sweets, bakery items, etc., under the same brand name. For fulfilling all the legal formalities to form the company, he appointed professionals. Now ‘Sampat Bhujia Ltd.’ is a renowned name in the snacks industry which offered its products at competitive prices even while offering customer services like gift packaging and free home delivery to become a household name. ‘Sampat Bhujia’ has an efficient marketing department working on minimising business risks from their competitors by making effective marketing plans related to physical distribution, promotion of the brand, effective pricing policies and product development. It has also worked upon managing public opinion by developing relations with the masses through sponsoring cultural and sporting events for the underprivileged class, maintenance of public parks, etc.
- Name the service used by ‘Sampat Bhujia Ltd.’ to remove the hindrance of information.
- ‘Sampat Bhujia’ has an efficient marketing department working on minimizing business risks from their competitors. Name and explain the type of risk discussed in the above case study.
- It has also worked upon managing public opinion by developing relations with the masses through sponsoring cultural and sporting events, maintenance of public parks, etc. Identify and explain with the help of examples (other than mentioned above) the objective fulfilled by the company by doing so. (2 points)
- Which type of industry is ‘Sampat Bhujia Ltd.’?
Q13. Diya is the owner of a fast food outlet in one of the shopping malls in Gurgaon. Over the years her business has earned a good reputation and high profits. However, over the past year, due to the pandemic situation in the country, she was out of business for many months and has suffered huge losses. Also, with the emergence of online food delivery apps, she is finding it difficult to survive.
- Identify and state the type/types of business risk faced by Diya by quoting lines from the above paragraph.
- Also, discuss the causes of business risks identified in the above paragraph.
Q14. Sachin was working as a CA at DW corporate and was drawing a handsome salary. When his brother also qualified his chartered accountancy examination, both of them decided to start a private company by the name "Accountant India Private Limited". Sachin's experience in the field helped him to get an easy loan for their new venture; also he helped in working out marketing strategies for reaching out to clients. Both of them decided to finance the coaching fees of deserving Chartered Accountancy students with earnings made every year.
- Compare the economic activities Sachin was engaged in at different times on the basis of risk, code of conduct, mode of establishment and investment.
- Quoting the lines, identify different auxiliaries that are mentioned in the above paragraph.
Answers (Coming Soon)
The End
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