Class 11 Business Studies Business, Trade and Commerce: NCERT Solutions for Question 10
What are the various types of industries?
Various types of industries are:
1. Primary Industries: It includes all those activities, which are concerned with the extraction and production of natural resources and reproduction and development of living organisms, plants etc. these industries may be further sub-divided as follow:
a. Extractive industries.
b. Genetic industries.
2. Secondary Industries: They are concerned with using the materials which have already been extracted at the primary industry but manufacture of steel is secondary industry. Secondary industries may be further divided as follows:
-
Manufacturing Industries: They are further divided into:
a. Analytical industry,
b. Synthetical industry,
c. Processing industry
d. Assembling industry. -
Construction Industries.
3. Tertiary Industries: They are concerned with providing support services to primary and secondary industries as well as activities relating to trade.
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1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes4. The board of directors of a joint stock company is elected by
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(c) Shareholders (d) Employees5. Profits do not have to be shared. This statement refers to
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(a) Dividend (b) Profit
(c) Interest (d) Share7. The Head of the joint Hindu family business is called
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(c) Karta (d) Manager8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
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