Class 11 Business Studies Practice Questions

15 free practice MCQs for Class 11 Business Studies, following the school syllabus — playable as an adaptive quiz in English, Hindi, Tamil, Telugu, Bengali and 8 more Indian languages. No sign-up, no ads.

Practice all 15 questions free →

Sample questions with answers

Q1. Which form of business organisation has unlimited liability? 💼

  1. Sole Proprietorship
  2. Private Limited Company
  3. Cooperative Society
  4. Public Limited Company
Show answer

A. Sole Proprietorship

Q2. The minimum number of members required to form a Partnership firm is: 💼

  1. 7
  2. 1
  3. 5
  4. 2
Show answer

D. 2

Q3. Which of the following is NOT a feature of a Joint Stock Company? 💼

  1. Perpetual Succession
  2. Unlimited Liability
  3. Transferability of Shares
  4. Separate Legal Entity
Show answer

B. Unlimited Liability

Q4. Commerce includes which two main activities? 💼

  1. Manufacturing and Sales
  2. Import and Export
  3. Trade and Aids to Trade
  4. Banking and Insurance
Show answer

C. Trade and Aids to Trade

Q5. A Cooperative Society is formed under which Act? 💼

  1. Cooperative Societies Act 1912
  2. Partnership Act 1932
  3. Indian Contract Act 1872
  4. Companies Act 2013
Show answer

A. Cooperative Societies Act 1912

Q6. The document that governs the internal management of a company is called: 💼

  1. Prospectus
  2. Articles of Association
  3. Annual Report
  4. Memorandum of Association
Show answer

B. Articles of Association

Q7. Which type of partner actively participates in the management of the firm? 💼

  1. Sleeping Partner
  2. Nominal Partner
  3. Minor Partner
  4. Active Partner
Show answer

D. Active Partner

Q8. Business risk arises due to: 💼

  1. Government regulations
  2. Uncertainties in business environment
  3. High profit motive
  4. Certainty of returns
Show answer

B. Uncertainties in business environment

Q9. What is the maximum number of members in a Private Limited Company? 💼

  1. Unlimited
  2. 50
  3. 200
  4. 100
Show answer

C. 200

Q10. The primary objective of a business is: 💼

  1. Environmental protection
  2. Profit earning
  3. Employment generation
  4. Social welfare
Show answer

B. Profit earning

Q11. A business owned and managed by a single person with unlimited liability is a:

  1. Sole Proprietorship
  2. Partnership
  3. Company
  4. Cooperative
Show answer

A. Sole Proprietorship

Q12. A business owned by two or more persons who share profits is a:

  1. Sole Proprietorship
  2. Partnership
  3. Company
  4. Trust
Show answer

B. Partnership

Q13. Which body regulates the stock market in India?

  1. RBI
  2. TRAI
  3. SEBI
  4. IRDAI
Show answer

C. SEBI

Q14. Which is the first (primary) function of management?

  1. Staffing
  2. Controlling
  3. Directing
  4. Planning
Show answer

D. Planning

Q15. The capital used for day-to-day business operations is called:

  1. Working capital
  2. Fixed capital
  3. Equity
  4. Reserve
Show answer

A. Working capital

More Class 11 practice: Class 11 Mathematics · Class 11 Physics · Class 11 Chemistry · Class 11 Biology · Class 11 English · Class 11 Economics · Class 11 History · Class 11 Geography · Class 11 Political Science · Class 11 Computer Science · Class 11 Psychology · Class 11 Sociology

Same subject, other classes: Class 12 Business Studies

Browse all classes & subjects →

Ready for the full adaptive quiz?

Combo scores, streaks and instant feedback — in 13 languages.


Play free on EC Play →