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Worksheet 1

The document contains 10 multiple choice questions about different types of business activities and industries. The questions cover topics like the business activity of a toy manufacturing company, the activities of an NGO providing medical services, different types of industries like processing and tertiary, and different types of trade like wholesale, retail, and international trade.

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126 views

Worksheet 1

The document contains 10 multiple choice questions about different types of business activities and industries. The questions cover topics like the business activity of a toy manufacturing company, the activities of an NGO providing medical services, different types of industries like processing and tertiary, and different types of trade like wholesale, retail, and international trade.

Uploaded by

lahiqtaj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Worksheet 1

1. Vijay plastic pvt Ltd., are makers of plastic toys for children; earning a huge profit. A
research conducted by The Indian council of child welfare on the toys shows that
colours used in manufacturing toys are harmful for the children. The test was
conducted on toys manufactured by the company and case was filed against Vijay
Plastic Pvt Ltd., for using sub-standard colours. However, managing director assured
that the company will use standard colours only after certification from the research
lab and the company will expand its production capacity by employing labour from
unprivileged sections of the society. On the basis of the given information about Vijay
plastic pvt ltd., specify the type of business activity performed by Vijay plastic pvt ltd.
a. Trade
b. Commerce
c. Industry
2. “Amrut” is a NGO operated in the district of Rajkot since 2005. It deals in providing
medicines and other medical facilities to the rural, backward and below poverty line
people in the district. In case of need, arrangements are made by the NGO to shift
critical patients to referred hospitals. Name the type of human activities performed by
the NGO “Amrut”.
(A) Economic Activities
(B) Non-Economic Activities
(C) Spiritual Activities
(D) None of the above
3. The occupation in which people work for others and get remunerated in return is
known as
(A) Business
(B) Profession
(C) Employment
(D) None of these
4. Ruchi is a practicing Chartered Accountant. She has her C.A. Firm at Hyderabad,
Telangana. She deals in providing Income Tax and GST related services to her clients
against very reasonable consultancy fees. She has her own professional coaching
classes for C.A. Enrolled Students. Identify the types of economic activities performed
by Ruchi as referred in the above case.
(A) Business
(B) Profession
(C) Employment
(D) None of the above
5. Dell Inc is a company involved in manufacturing of Computer and related items. It’s a
very popular name among the computer savvy youth in India. There are different
models of Desktop, Laptop, Tabs, Gaming and Workstations manufactured and sold by
the company in the Indian market. Which type of Industry highlighted in the above
case?
(A) Genetic Industry
(B) Extractive Industry
(C) Processing Industry
(D) Assembly Industry
6. JPMG is one of the largest transportation industry in India provides services for
different projects including residential, commercial office, retail, industrial, logistics,
hospitality and other areas too. It’s a familiar name among the business houses in the
country because of the large dependency factor. Which type of Industry discussed in
the above case?
(A) Genetic Industry
(B) Tertiary Industry
(C) Processing Industry
(D) Assembly Industry
7. Nutan General Store is a big businessman deals in selling Nestle products in his
locality. He purchased products of Nestle directly from the State Distributor in bulk
quantities and sold in the market. Small shopkeepers from different corners of the
city. Identify the type of trade followed by Nutan General Store.
(A) Wholesale Trade
(B) Retail Trade
(C) International Trade
(D) Entrepot Trade
8. Surinder is a small-town businessman deals in buying and selling different fast-
moving consumer goods. The scope of business is limited to his local market. He
purchased different types of goods from the wholesaler each weekend located at the
State Capital. Identify the type of trade followed by the businessman referred in the
above case.
(A) Wholesale Trade
(B) Retail Trade
(C) International Trade
(D) Entrepot Trade
9. An Indian company deals in a type of trade in which it purchases (imports) Rubber
from Thailand and sells the same to another company of Japan. Company is earning
good volume of profit from its trade. Identify the type of trade followed by the
company as discussed in the above case.
(A) Wholesale Trade
(B) Retail Trade
(C) International Trade
(D) Entrepot Trade
10. Banking, Insurance, Transportation, Warehousing, Communication and Advertising
help in elimination of hindrances of place, time, money, risk and information occurred
during the course of business. These are popularly termed as
(A) Trade
(B) Employment
(C) Commerce
(D) Auxiliaries to Trade

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