Standard: XI

Subject: OCM
Marks: 30 marks

Q.1

A) Complete the sentences. (4)

1) The basic purpose of ____ is to earn profit.

2) ____ is the person who offers the work.

3) Industry creates ____ utility.

4) Economic activities are those activities which are conducted to earn money.

B) Suggest the appropriate terms for the following statements. (3)

1) An aspect of business which is concerned with the production of goods.

2) Buying and selling of goods against money or money's worth.

3) An aspect of business which is concerned with distribution of goods.

C) Match the two groups. (3)

1) Solve social problems i) Internal trade

2) Helping disabled person ii) Social objective

3) Local currency iii) Non economic trade

D) Find the odd one. (2)

1) Tea, Milk, Coffee, Machinery.

2) Agricultural Industry, Extractive Industry, Genetic Industry, Manufacturing Industry.

Q.2 Distinguish between (Any 1). (3)

1) Business and Commerce.

2) Industry and Commerce.

Q.3 Answer the following questions (Any 3). (15)

1) What do you mean by Employment? Explain its features.

2) Write short note on Role of Profit in the Business.

3) What is trade and commerce? Explain the different types of trade.

4) Explain the different objectives of Business.

5) What is the meaning of Economic activities? Bring out the classification of Economic activities.