ST ANDREWS SCOTS SR. SEC.

SCHOOL
IP EXTN PATPARGANJ
WORKSHEET Class-XI
(B.studies)

Q1. What is an Economic Activity?

Q2. Define Business Risk.
Q3. Define Insurable Risk.
Q4. Write a note on manufacturing Industry
. Q5,. Define Business.
Q6. What is meant by Industry?
Q7.What is meant by Primary Industry?
Q8. What is the peculiar feature of Construction Industry?
Q9.Draw a chart showing the classification of Business Activites
Q10. Discuss the causes of Business Risk.
Q11. Explain the Role of Profit in the Business.
Q12. Explain the difference between Industry,Commerce & Trade.
Q 13. Why Business is considered as an Economic Activity?
Q14. What are the types of utilities created by a business.

Q15. Explain in detail the classification of Business Activities on the basis of their function.
Q16Which function of warehousing is discussed in the following cases?
a. A big farmer stores the surplus wheat and rice in his
warehouse so that they can be supplied as and when
required.
b. A warehouse receives sugar in bags of 100 Kg. The sugar is
repacked in packets of 1 Kg and 2 Kg and is supplied to customers
according to their requirements.
Q17“In all types of insurance, insured must have insurable interest both at the
time of insurance and at the time of loss.” Do you agree?
Q18Which principle of insurance is highlighted in the following statements?
c. Insured should take the reasonable steps to minimise the loss.
d. Insured is entitled to recover the loss suffered by him, up to the
limit of policy amount.
Q19Ramesh took the life insurance policy of his wife. After 1 year, the coupled got
divorced and after 2 years, his wife met with an accident and died on the spot. Is
Ramesh entitled to get compensation from the insurance co., if Ramesh was regularly
paying the premium amount?
Q20How does life insurance provide both protection and investment benefit?
Q21What do you understand by insurable interest?
Q22Discuss the various points of difference between Services and Goods.
Q23Mention any 3 benefits which e-banking offers to customers.
Q24Which type of trade is promoted by bonded warehouse? 10.What do
you mean by e-banking?
Q25Identify the kind of social responsibility in the following statements
e. Contribution to earthquake victims.
f. Produce goods and to sell them at a profit.
Q26Discuss the various reasons which justify the need for pollution control by
business firms even though it leads to drain of their precious resources.
Q27Mention any 1 social responsibility of business towards consumers.
Q28What do you mean by Business Ethics? Give 3 examples.
Q29Sky Ltd. often gives misleading advertisements to increase the sales of its
product. Indicate whether Sky Ltd. Is adopting socially responsible behaviour?
Q30Why the employees should be involved in developing ethical programmes?
Q31Discuss any 3 reasons that go against the concept of social responsibility
by the business.
Q32Briefly discuss the major causes of environmental pollution.
Q33Mention the different interest groups towards which the business owes social
responsibility.
Q34What do you mean by business ethics?