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34. Explain the scope of International Business, SECTION-D IV. Answer any Four of the following questions in 20 to 25 sentences. Each question carries 8 marks: 4X8 32 35. What is business? Explain the characteristic features of business. 36. Explain any four merits and four limitations of sole proprietorship form of business organization 37. Explain any four merits & four demerits of Joint Stock Company, 38. Explain the principles of Insurance, 39. What is retail trade? Explain the services of retailer to consumers. 40. Explain the benefits of international Business both to Nations and Firms. SECTION - E (PRACTICAL ORIENTED QUESTIONS)​

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