BUSINESS STUDIES TEST

CLASS 11th
CHAPTER 1
Q1. Give one example each of pure and speculative risk. (1)

Q2. Profit is not an objective but a requirement of business. Comment. (3)

Q3. Professor Amit Sain, an economist has presented a report to the government stating that the
backward regions of Kolkata have ample opportunities of their development if proper industries are set
up by the entrepreneurs using local resources. The unskilled and uneducated workforce can be
employed in farming, mining, lumbering industries.

The villagers of such areas can have cattle breeding farms and poultry farms as an additional source of
income other than farming. The roads, dams etc. can be constructed in such areas to develop
infrastructure. Banking, warehousing, transportation, communication etc., facilities can be provided to
support rapid industrialization.

i. Quoting the line from above para, identify the different types of industries mentioned by the
Professor.
ii. Explain various types of manufacturing industries.
iii. Identify the value exhibited by Professor Amit Sain. (6)

Q4. Explain Corner IQ. (6)

BUSINESS STUDIES TEST

CLASS 11th
CHAPTER 1
Q1. Give one example each of pure and speculative risk. (1)

Q2. Profit is not an objective but a requirement of business. Comment. (3)

Q3. Professor Amit Sain, an economist has presented a report to the government stating that the
backward regions of Kolkata have ample opportunities of their development if proper industries are set
up by the entrepreneurs using local resources. The unskilled and uneducated workforce can be
employed in farming, mining, lumbering industries.

The villagers of such areas can have cattle breeding farms and poultry farms as an additional source of
income other than farming. The roads, dams etc. can be constructed in such areas to develop
infrastructure. Banking, warehousing, transportation, communication etc., facilities can be provided to
support rapid industrialization.

i. Quoting the line from above para, identify the different types of industries mentioned by
the Professor.
ii. Explain various types of manufacturing industries.
iii. Identify the value exhibited by Professor Amit Sain. (6)

Q4. Explain Corner IQ. (6)