NCERT solutions for Class 11 Business Studies chapter 1 - Business, Trade and Commerce [Latest edition]

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NCERT solutions for Class 11 Business Studies chapter 1 - Business, Trade and Commerce - Shaalaa.com
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Solutions for Chapter 1: Business, Trade and Commerce

Below listed, you can find solutions for Chapter 1 of CBSE NCERT for Class 11 Business Studies.


Short Answer QuestionsLong Answer Questions
Short Answer Questions [Page 26]

NCERT solutions for Class 11 Business Studies Chapter 1 Business, Trade and Commerce Short Answer Questions [Page 26]

Short Answer Questions | Q 1 | Page 26

List any five major commercial cities of ancient India

Short Answer Questions | Q 2 | Page 26

What is Hundi?

Short Answer Questions | Q 3 | Page 26

List the major exports and imports in ancient India.

Short Answer Questions | Q 4 | Page 26

What were the different types of Hundi in use by traders in ancient times?

Short Answer Questions | Q 5 | Page 26

What do you understand by maritime trade?

Short Answer Questions | Q 6 | Page 26

State the different types of economic activities.

Short Answer Questions | Q 7 | Page 26

Why is business considered an economic activity?

Short Answer Questions | Q 8 | Page 26

State the meaning of business.

Short Answer Questions | Q 9 | Page 26

How would you classify business activities?

Short Answer Questions | Q 10 | Page 26

What are the various types of industries?

Short Answer Questions | Q 11 | Page 26

Explain any two business activities which are auxiliaries to trade.

Short Answer Questions | Q 12 | Page 26

What is the role of profit in business?

Short Answer Questions | Q 13.1 | Page 26

What is business risk?

Short Answer Questions | Q 13.2 | Page 26

What is the nature of business risk?

Long Answer Questions [Page 26]

NCERT solutions for Class 11 Business Studies Chapter 1 Business, Trade and Commerce Long Answer Questions [Page 26]

Long Answer Questions | Q 1 | Page 26

Discuss the development of indigenous banking system in Indian subcontinent.

Long Answer Questions | Q 2.1 | Page 26

Define business.

Long Answer Questions | Q 2.2 | Page 26

Describe the important characteristics of business.

Long Answer Questions | Q 3 | Page 26

Compare business with profession and employment.

Long Answer Questions | Q 4.1 | Page 26

Define industry.

Long Answer Questions | Q 4.2 | Page 26

Explain various types of industries giving examples.

Long Answer Questions | Q 5 | Page 26

Describe the activities relating to commerce.

Long Answer Questions | Q 6 | Page 26

Explain any five objectives of business.

Long Answer Questions | Q 7.1 | Page 26

Explain the concept of business risk.

Long Answer Questions | Q 7.2 | Page 26

Explain the causes of business risk.

Long Answer Questions | Q 8 | Page 26

What factors are to be considered while starting a business? Explain.

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Solutions for Chapter 1: Business, Trade and Commerce

Short Answer QuestionsLong Answer Questions
NCERT solutions for Class 11 Business Studies chapter 1 - Business, Trade and Commerce - Shaalaa.com

NCERT solutions for Class 11 Business Studies chapter 1 - Business, Trade and Commerce

Shaalaa.com has the CBSE Mathematics Class 11 Business Studies CBSE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. NCERT solutions for Mathematics Class 11 Business Studies CBSE 1 (Business, Trade and Commerce) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.

Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. NCERT textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.

Concepts covered in Class 11 Business Studies chapter 1 Business, Trade and Commerce are Concept of Business, Business, Profession and Employment, Classification of Business Activities, Objectives of Business - Economic and Social, Role of Profit in Business, Human and National, Introduction to Business, Trade and Commerce, Role of Business in the Development of Economy, Meaning of Industry, Commerce, Auxiliaries to Trade, Concept of Business Risk, Nature of Business Risk, Types of Trade, Trade, Causes of Business Risk, Basic Factors of Starting a Business.

Using NCERT Class 11 Business Studies solutions Business, Trade and Commerce exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in NCERT Solutions are essential questions that can be asked in the final exam. Maximum CBSE Class 11 Business Studies students prefer NCERT Textbook Solutions to score more in exams.

Get the free view of Chapter 1, Business, Trade and Commerce Class 11 Business Studies additional questions for Mathematics Class 11 Business Studies CBSE, and you can use Shaalaa.com to keep it handy for your exam preparation.

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