Class XI : Chapter : Nature and Purpose of business



Chapter : Nature and Purpose of business

Q1 Name the economic activity in which specialized knowledge is required.           

Q2 Name the industries which provide support services to other industries.                                                                                                          
Q3  ‘Rearing of cattle for milk’  is what type of industry ?                                             

Q4   Name the enterprise involving single ownership.                                                    

Q5  Name the partnership firm which is formed to carry on a special task or project.

Q6  What is the role of profit in business?                                                                        

Q7   Write a short note on Karta.                                                                            

Q8  Define partnership deed. List  its at least six main contents.                                               

Q9   Describe  the types of partners who does not contribute capital but has unlimited liability in detail.                                                             

Q10  A sole proprietor wants to expand his business. As his advisor , guide him for the most suitable option for expansion.                                                                                   

Q11  Draw a flowchart showing the classification of Business Activities.                 
                          
Q12  Explain the concept of business risk and its causes.                                                            

Q13   Explain any two  auxiliaries to trade in detail.                                                       

Q14  Write down any six points of distinction between business and employment.  



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