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Nature and purpose of business

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     Multiple choice questions . 1. Economic activities are undertaken with an ___________ motive. economic  non economic profit both profit & non-profit Answer : A These activities are manly undertaken with a view of gaining profit and economic resources. 2. Which is not a characteristics of economic activity from below options?  Wealth producing satisfying human wants developmental activity self satisfaction Answer : D Self-satisfaction is the characteristics of non-economic activities. 3. Fisher gives how many objectives for economic activities? A.     2 B.     3 C.     4 D.     None of these Answer: A Fisher gives two objectives, named as 1) proper allocation of resources 2) optimum use of resources. 4. The resources should be put to their _________ use.     A.     Limited     B.     Unlimited     C.     Maximum     D.     Optimum Answer: D Economic resources should be put to their optimum use. Then only best result can be derived. 5.  Economic Activities are backed by ________
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Railway transport and it's pros and cons

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  Railway transport, or rail transport, refers to the conveyance of passengers and goods on a system of tracks using locomotives and rolling stock, such as trains. This mode of transportation relies on specialized infrastructure, including railway lines, stations, and terminals, to facilitate the efficient and systematic movement of trains over various distances. Railway transport is known for its capacity to carry large quantities of cargo and passengers, often with efficiency and reduced environmental impact compared to some other modes of transportation. ** Pros of Railway Transport:** 1. ** Efficient Cargo Handling:* * Rail transport is renowned for efficiently handling massive quantities of cargo, making it an optimal choice for industries requiring bulk transportation. 2. ** Stability and Predictability :** The stability provided by railway tracks enhances predictability, reducing the likelihood of accidents and ensuring a secure journey for both goods and passengers. 3. ** Energ
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Nature, purpose and scope of Commerce

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  1. Business activities starts with production and ends with _______: a) Consumption b) Marketing c) Sales d) Both A and C Answer Answer:  A) Consumption   2. The work of production of goods is covered under______: a) Industry b) Trade c) Auxiliary to trade d) Manufacturing Answer Answer:  A) Industry   3. Among business, trade and commerce which of these is considered as a wider term: a) Commerce b) Business c) Trade d) All are considered as the same Answer Answer:  B) Business   4. Economic activities include: a) Exchange b) Distribution c) Consumption d) All of these Answer Answer:  D) All of these 5. In the old age the document which was used to facilitate transfer of money from one hand to another for trading activities is called: a) Hundi b) Chitties c) Both of these d) None of these Answer Answer:  C) Both of these   6. Literal meaning of Hundi system was: a) To collect b) To exchange c) To distribute d) To transfer Answer Answer:  A) To collect   7. The important exporting cen
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