IGCSE Cambridge Secondary Grade 10 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
Which of the following is a characteristic of services?

(A) Tangible	(B) Intangible
(C) Separable	(D) Volatile

Question-2
A source or supply from which an organization gains profit.

(A) Resource	(B) Material
(C) Goods	(D) Services

Question-3
What do business produce?

(A) Goods,services	(B) Labour,capital
(C) Capital,services	(D) Goods,capital

Question-4
Self employed traders falls under which of the following category?

(A) Private enterprises	(B) Public enterprises
(C) Non profit making organisation	(D) Non governmental organisations

Question-5
Businesses owned and operated by private individuals.

(A) Private enterprises	(B) Public enterprises
(C) Non profit making organisation	(D) Non governmental organisations

Question-6
Which of the following is NOT considered as a basic factor of production?

(A) Capital	(B) Labour
(C) Physical resources	(D) Land

Question-7
A factor of production which includes the effort or work provided by people.

(A) Land	(B) Labour
(C) Capital	(D) Enterprise

Question-8
Which of the following include charities and voluntary organisation?

(A) Private enterprises	(B) Public enterprises
(C) Non profit making organisation	(D) Micro enterprises

Question-9
The cost of any activity measured in terms of the value of the next best alternative forgone.

(A) Opportunity cost	(B) Economic cost
(C) Lost cost	(D) Alternative cost

Question-10
Which of the following influence the way in which we satisfy our needs?

(A) Wants	(B) Demand
(C) Effective demand	(D) Supply

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Cambridge Secondary Grade 10

IGCSE

Practice in Related Chapters
Business Growth and Measurement of Size
Introduction to Business Activity
Classification of Business
National Wealth and the Impact of Business Activity