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HA-5

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1. Define the term ‘Business’.
2. What is the epicenter of human life?
3. Enlist any four characteristics of Business.
4. What is the final outcome of an industrial activity?
5. Name the various types of trade.
6. What is Commerce?
7. State the range of activities performed under Business.
8. Explain any two business activities which are auxiliaries to trade.
9. Define construction industry.
10. Define tertiary industry.
11. Define trade and its types.
12. What is ‘Business’? State its characteristics?
13. Explain Transportation. State the modes of- transportation and communication.
14. State briefly the various types of primary industries.
15. Rahul, an owner of a huge Departmental Store, charges exorbitantly due to no competition
around, and he misses out on no opportunity to earn profit. He finds nothing wrong as the main
goal of business is to earn ‘Profit’. Discuss any four values which you find are lacking in him as a
rational businessman.
16. Define commerce and discuss its functions.
17. Differentiate between Industry, Commerce and Trade, explaining the main characteristics of
each.
18. What do you understand by the term Industry? Explain the various types of industries?
19. Mohan Pvt. Ltd. just commenced with the business of Blue Pottery. Explain the auxiliaries
required for the smooth functioning of their newly set enterprise.
20. Give example of A group of firms producing similar or related goods.
21. Define industry.
22. What do you mean by Genetic industry?
23. Give the example of Genetic industry.
24. What do you mean by Extractive industry? Give examples.
25. Write two features of construction industry.
26. Define trade.
27. Give the two classes of commerce.
28. Describe the characteristics of business.
29. What are the two types of goods which are the final outcome of any industrial activity?
30. Give the features of manufacturing.
31. What is processing?