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Ncert Business Studies Class 11 > Business Trade And Commerce > Flashcards

Business Trade And Commerce Flashcards

1
Q

What is the meaning of business

A

The literal meaning of business is an economic activity

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2
Q

Pataliputra

A

Export of stones

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3
Q

Peshawar

A

Export of wool and import of horses

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4
Q

Taxila

A

Centre for learning

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5
Q

Indrapastha

A

Commercial route on Royal road

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6
Q

Mathura

A

Emporium of trade, people have subsisted on commerce

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7
Q

Varanasi

A

Centre for textile industry

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8
Q

Mithila

A

Traded at the ports on the island of Java, Sumatra, Borneo

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9
Q

Ujjain

A

Agate, muslin, carnelian, cloth trading

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10
Q

Surat

A

Textile trading mainly for their gold border(zari)

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11
Q

Kanchi

A

Pearl, glass, rare stones

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12
Q

Madura

A

Pearl fishes

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13
Q

Broaach

A

Linked to all marts

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14
Q

Kaveripatti

A

Trade of perfumes, cosmetics, scent, silk, wool etc..,.

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15
Q

Tamralipati

A

Greatest port connected by both sea and land

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16
Q

What are the types of business Activities?

A
  1. Economic

2. Non economic

17
Q

Definition of Business

A

Business refers to occupation in which people engage in activities of purchase, production or sale of goods and services with a view to earn profit

18
Q

Definition of profession

A

Profession refers to a paid occupation, especially one that involves prolonged training and a formal qualification

19
Q

Definition of employment

A

Employment refers to the condition of having paid work

20
Q

What are the characteristics of business

A
  1. Earning profits
  2. Production of purchase of goods for sale
  3. Sale or exchange of goods and services
  4. Regular basis
  5. Uncertainty of return
  6. Business risk
21
Q

Classification of business activities

A
  1. Business
  2. Industry
  3. Commerce
22
Q

Definition of Industry

A

An industry is a group of manufacturers or businesses that produce a particular kind of goods and services

23
Q

Definition of commerce

A

Commerce is the fundamental action that takes place in every transaction involving money or trade

Ncert Business Studies Class 11 (2 decks)

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