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HSC Commerce (English Medium) 11th Standard - Maharashtra State Board Question Bank Solutions

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State True or False.

Business is an economic activity.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

State True or False.

Every profession is practiced for earning money.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

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State True or False.

Primary industries are concerned with nature.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Warehousing removes the difficulty of time.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Trade includes commerce.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Trade includes buying and selling of goods and services

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Profit leads to an increase in the overall efficiency of the organization.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Plant nursery is an example of extractive industry.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State True or False.

Industry creates form utility.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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Retailer is the link between manufacturer and wholesalers.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Answer in one sentence.
What is an economic activity?

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Correct the underlined word and rewrite the sentence.

Business is a non-economic activity.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Correct the underlined word and rewrite the sentence.

Profession can be transferred to another person.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Explain the following term/concept.

Profession

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Explain the following term/concept.

Employment

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

Explain the following term/concept.

Economic Activity

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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Distinguish between:

Business and Profession.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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Distinguish between:

Employment and Profession.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
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State any four features of profession.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined

State any four features of employment.

[1] Introduction of Commerce and Business
Chapter: [1] Introduction of Commerce and Business
Concept: undefined >> undefined
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