1729 + Interview Questions in Business Studies Page 25 InterviewSolution

1201.	Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account. (b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000. (c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account. (d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000. (e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.
Answer» Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account. (b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000. (c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account. (d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000. (e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

1201.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account. (b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000. (c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account. (d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000. (e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

Answer»

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.

(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.

(c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account.

(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.

(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

Discussion

1202.	ddy is an operator which takes a function as its input and returns its derivate or instantaneous rate of change with respect to x.
Answer» $\frac{d}{d y}$ is an operator which takes a function as its input and returns its derivate or instantaneous rate of change with respect to x.

Discussion

1203.	Write short notes on the following: 1. Minimum subscription 2. Statement in lieu of prospectus 3. Preliminary contracts 4. Procedure of allotment
Answer» Write short notes on the following: 1. Minimum subscription 2. Statement in lieu of prospectus 3. Preliminary contracts 4. Procedure of allotment

1203.

Write short notes on the following: 1. Minimum subscription 2. Statement in lieu of prospectus 3. Preliminary contracts 4. Procedure of allotment

Answer»

Write short notes on the following:

1. Minimum subscription

2. Statement in lieu of prospectus

3. Preliminary contracts

4. Procedure of allotment

Discussion

1204.	Q8. Consider the following statements. 1. As per Stockholm International Peace Research Institute (SIPRI), India was the world’s largest importer of major arms in 2013-2017. 2. USA overtook Russia continues to be India’s largest arms supplier. 3. Pakistan has emerged as largest recipient of China’s arms exports. Which of the above statement(s) is/are correct?
Answer» Q8. Consider the following statements. 1. As per Stockholm International Peace Research Institute (SIPRI), India was the world’s largest importer of major arms in 2013-2017. 2. USA overtook Russia continues to be India’s largest arms supplier. 3. Pakistan has emerged as largest recipient of China’s arms exports. Which of the above statement(s) is/are correct?

1204.

Q8. Consider the following statements. 1. As per Stockholm International Peace Research Institute (SIPRI), India was the world’s largest importer of major arms in 2013-2017. 2. USA overtook Russia continues to be India’s largest arms supplier. 3. Pakistan has emerged as largest recipient of China’s arms exports. Which of the above statement(s) is/are correct?

Answer»

Q8. Consider the following statements.

1. As per Stockholm International Peace Research Institute (SIPRI), India was the world’s largest importer of major arms in 2013-2017.

2. USA overtook Russia continues to be India’s largest arms supplier.

3. Pakistan has emerged as largest recipient of China’s arms exports.

Which of the above statement(s) is/are correct?

Discussion

1205.	State any two features that you may notice in partnership a firm.
Answer» State any two features that you may notice in partnership a firm.

Discussion

1206.	What is meant by production?
Answer» What is meant by production?

Discussion

1207.	Two partners want to start a new firm so they issue a prospectus. Are they on the right track?
Answer» Two partners want to start a new firm so they issue a prospectus. Are they on the right track?

Discussion

1208.	Which one of the following is not amongst India's major export items?
Answer» Which one of the following is not amongst India's major export items?

Discussion

1209.	Identify “what part of speech the underlined word belongs to” in the below sentence. They arrived after us.
Answer» Identify “what part of speech the underlined word belongs to” in the below sentence. They arrived after us.

Discussion

1210.	Name the service where one receives media services directly through a satellite with the help of a small dish antenna and a set-top box.
Answer» Name the service where one receives media services directly through a satellite with the help of a small dish antenna and a set-top box.

Discussion

1211.	Give the meaning of wholesale trade. State its distinctive features.
Answer» Give the meaning of wholesale trade. State its distinctive features.

Discussion

1212.	In India, there are many BPO's, these call centres handle the following ___________________________.
Answer» In India, there are many BPO's, these call centres handle the following ___________________________.

Discussion

1213.	Which is the source of finance that is available in the normal course of purchase of goods?
Answer» Which is the source of finance that is available in the normal course of purchase of goods?

Discussion

1214.	Which of the following are features of foreign portfolio investments?
Answer» Which of the following are features of foreign portfolio investments?

Discussion

1215.	What are the causes of depreciation?
Answer» What are the causes of depreciation?

Discussion

1216.	Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
Answer» Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?

Discussion

1217.	What is 'business risk'? What is its nature?
Answer» What is 'business risk'? What is its nature?

Discussion

1218.	Define K.P.O.
Answer» Define K.P.O.

Discussion

1219.	0.008 converted into percent is ____.
Answer» 0.008 converted into percent is ____.

Discussion

1220.	Ganga Dhar was working under the production unit of a large scale company producing wide variety of toiletries for last five years. Though the company earns huge profits but no increment or bonus is given to the workers. To the employees, the company doesn't give any concession or discount if they want to purchase the products manufactured in the company directly from sales department. Ganga Dhar with his 10 other colleagues decided to resign from his job. They decided to open their own business organisation, where economic interest of all its members will be promoted, values of mutual help and welfare will be emphasised, the goods and services will be made available directly from producers to consumers at very reasonable prices by elimunating the role of middlemen. (a) Name and explain the form of organisation which Ganga Dhar has decided to opt for his business. (b) Explain briefly any four merits of such type of organisation.
Answer» Ganga Dhar was working under the production unit of a large scale company producing wide variety of toiletries for last five years. Though the company earns huge profits but no increment or bonus is given to the workers. To the employees, the company doesn't give any concession or discount if they want to purchase the products manufactured in the company directly from sales department. Ganga Dhar with his 10 other colleagues decided to resign from his job. They decided to open their own business organisation, where economic interest of all its members will be promoted, values of mutual help and welfare will be emphasised, the goods and services will be made available directly from producers to consumers at very reasonable prices by elimunating the role of middlemen. (a) Name and explain the form of organisation which Ganga Dhar has decided to opt for his business. (b) Explain briefly any four merits of such type of organisation.

1220.

Ganga Dhar was working under the production unit of a large scale company producing wide variety of toiletries for last five years. Though the company earns huge profits but no increment or bonus is given to the workers. To the employees, the company doesn't give any concession or discount if they want to purchase the products manufactured in the company directly from sales department. Ganga Dhar with his 10 other colleagues decided to resign from his job. They decided to open their own business organisation, where economic interest of all its members will be promoted, values of mutual help and welfare will be emphasised, the goods and services will be made available directly from producers to consumers at very reasonable prices by elimunating the role of middlemen. (a) Name and explain the form of organisation which Ganga Dhar has decided to opt for his business. (b) Explain briefly any four merits of such type of organisation.

Answer»

Ganga Dhar was working under the production unit of a large scale company producing wide variety of toiletries for last five years. Though the company earns huge profits but no increment or bonus is given to the workers. To the employees, the company doesn't give any concession or discount if they want to purchase the products manufactured in the company directly from sales department. Ganga Dhar with his 10 other colleagues decided to resign from his job. They decided to open their own business organisation, where economic interest of all its members will be promoted, values of mutual help and welfare will be emphasised, the goods and services will be made available directly from producers to consumers at very reasonable prices by elimunating the role of middlemen.

(a) Name and explain the form of organisation which Ganga Dhar has decided to opt for his business.

(b) Explain briefly any four merits of such type of organisation.

Discussion

1221.	Distinguish between licensing and franchising.
Answer» Distinguish between licensing and franchising.

Discussion

1222.	Importer sends a ___ form to get detailed information regarding the price, quantity, quality etc.
Answer» Importer sends a ___ form to get detailed information regarding the price, quantity, quality etc.

Discussion

1223.	dummy Centralised control in MNCs implies control excersied by
Answer» dummy Centralised control in MNCs implies control excersied by

Discussion

1224.	Find out the appropriate word which fits the 10th blank.
Answer» Find out the appropriate word which fits the 10th blank.

Discussion

1225.	Name the principle of insurance for each of the following statements: (a)The insured is expected to disclose all the important facts related to the property insured. (b) Insured must have some economic interest in the subject matter of Insurance contract. (c) To claim for insurance the insured must take reasonable steps to minimize the loss. (d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount
Answer» Name the principle of insurance for each of the following statements: (a)The insured is expected to disclose all the important facts related to the property insured. (b) Insured must have some economic interest in the subject matter of Insurance contract. (c) To claim for insurance the insured must take reasonable steps to minimize the loss. (d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount

1225.

Name the principle of insurance for each of the following statements: (a)The insured is expected to disclose all the important facts related to the property insured. (b) Insured must have some economic interest in the subject matter of Insurance contract. (c) To claim for insurance the insured must take reasonable steps to minimize the loss. (d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount

Answer»

Name the principle of insurance for each of the following statements:

(a)The insured is expected to disclose all the important facts related to the property insured.

(b) Insured must have some economic interest in the subject matter of Insurance contract.

(c) To claim for insurance the insured must take reasonable steps to minimize the loss.

(d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount

Discussion

1226.	Mr. Mohan conceived an idea to start a garment business. He consulted a Company Secretary to get the details. The Company Secretary helped listing down Mr. Mohan’s function in the process of starting up the business. Explain briefly the functions of a promoter.
Answer» Mr. Mohan conceived an idea to start a garment business. He consulted a Company Secretary to get the details. The Company Secretary helped listing down Mr. Mohan’s function in the process of starting up the business. Explain briefly the functions of a promoter.

Discussion

1227.	Write the features of small scale industries (SSI).
Answer» Write the features of small scale industries (SSI).

Discussion

1228.	State the importance of bill of lading.
Answer» State the importance of bill of lading.

Discussion

1229.	Business is an economic activity. Do you agree ? Why ?
Answer» Business is an economic activity. Do you agree ? Why ?

Discussion

1230.	Who plays the lead actor opposite O in director Gamma's movie?
Answer» Who plays the lead actor opposite O in director Gamma's movie?

Discussion

1231.	Name the sector whose role has changed considerably in the Indian economy after 1991 and explain any five changes.
Answer» Name the sector whose role has changed considerably in the Indian economy after 1991 and explain any five changes.

Discussion

1232.	What is meant by internal trade?
Answer» What is meant by internal trade?

Discussion

1233.	Why is the freedom of operation restricted in a joint stock company?
Answer» Why is the freedom of operation restricted in a joint stock company?

Discussion

1234.	Name the service in which firm gets its tasks done by another firm.
Answer» Name the service in which firm gets its tasks done by another firm.

Discussion

1235.	How many signatories to memorandum of association are required in case of private and public company ?
Answer» How many signatories to memorandum of association are required in case of private and public company ?

Discussion

1236.	Which of the following is the correct definition of green field venture?
Answer» Which of the following is the correct definition of green field venture?

Discussion

1237.	A marine insurance is signed between the ______________ and the _____________.
Answer» A marine insurance is signed between the ______________ and the _____________.

Discussion

1238.	Statement: For any kind of problem with your mobile Phone, contact our help desk immediately. Assumptions: I. Help desk has a solution to all kinds of problems related to mobile phones or will guide accordingly. II. Unless the problem is reported immediately, it cannot be solved.
Answer» Statement: For any kind of problem with your mobile Phone, contact our help desk immediately. Assumptions: I. Help desk has a solution to all kinds of problems related to mobile phones or will guide accordingly. II. Unless the problem is reported immediately, it cannot be solved.

1238.

Statement: For any kind of problem with your mobile Phone, contact our help desk immediately. Assumptions: I. Help desk has a solution to all kinds of problems related to mobile phones or will guide accordingly. II. Unless the problem is reported immediately, it cannot be solved.

Answer»

Statement: For any kind of problem with your mobile Phone, contact our help desk immediately.

Assumptions:

I. Help desk has a solution to all kinds of problems related to mobile phones or will guide accordingly.

II. Unless the problem is reported immediately, it cannot be solved.

Discussion

1239.	Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of the form of organisation.
Answer» Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of the form of organisation.

Discussion

1240.	Explain the steps to be taken for incorporation of a company.
Answer» Explain the steps to be taken for incorporation of a company.

1240.

Explain the steps to be taken for incorporation of a company.

Answer»

Explain the steps to be taken for incorporation of a company.

Discussion

1241.	Who usually appoints a delivery person?
Answer» Who usually appoints a delivery person?

Discussion

1242.	'Commerce has become so important in recent days of demonetization replacement of currency? Explain in short.
Answer» 'Commerce has become so important in recent days of demonetization replacement of currency? Explain in short.

Discussion

1243.	Adhaya limited, a famous group of promoters gets a contract of promoting a toy manufacturing company. Discuss in brief the steps which are required to be followed to form a toy manufacturing company ( Public Limited Company).
Answer» Adhaya limited, a famous group of promoters gets a contract of promoting a toy manufacturing company. Discuss in brief the steps which are required to be followed to form a toy manufacturing company ( Public Limited Company).

Discussion

1244.	Discuss the institutional support provided by the government to small business.
Answer» Discuss the institutional support provided by the government to small business.

Discussion

1245.	Which of the following is a function of insurance?
Answer» Which of the following is a function of insurance?

Discussion

1246.	What is the disadvantage of a sole proprietorship?
Answer» What is the disadvantage of a sole proprietorship?

Discussion

1247.	Give examples of the relationship between a human resource information system of MIS.
Answer» Give examples of the relationship between a human resource information system of MIS.

Discussion

1248.	A trade association of software and service companies has come up with some major reasons behind India’s success in IT outsourcing industry is known as _______________________________.
Answer» A trade association of software and service companies has come up with some major reasons behind India’s success in IT outsourcing industry is known as _______________________________.

Discussion

1249.	Explain the functions of following in the development of small business in India. (i) National Small Industries Corporation (NSIC) (ii) District Industrial Centre (DIC)
Answer» Explain the functions of following in the development of small business in India. (i) National Small Industries Corporation (NSIC) (ii) District Industrial Centre (DIC)

1249.

Explain the functions of following in the development of small business in India. (i) National Small Industries Corporation (NSIC) (ii) District Industrial Centre (DIC)

Answer»

Explain the functions of following in the development of small business in India.

(i) National Small Industries Corporation (NSIC)

(ii) District Industrial Centre (DIC)

Discussion

1250.	Explain the merits and demerits of retained earnings.
Answer» Explain the merits and demerits of retained earnings.

Discussion

Explore topic-wise InterviewSolutions in .

ddy is an operator which takes a function as its input and returns its derivate or instantaneous rate of change with respect to x.

Write short notes on the following: 1. Minimum subscription 2. Statement in lieu of prospectus 3. Preliminary contracts 4. Procedure of allotment

State any two features that you may notice in partnership a firm.

What is meant by production?

Two partners want to start a new firm so they issue a prospectus. Are they on the right track?

Which one of the following is not amongst India's major export items?

Identify “what part of speech the underlined word belongs to” in the below sentence. They arrived after us.

Name the service where one receives media services directly through a satellite with the help of a small dish antenna and a set-top box.

Give the meaning of wholesale trade. State its distinctive features.

In India, there are many BPO's, these call centres handle the following ___________________________.

Which is the source of finance that is available in the normal course of purchase of goods?

Which of the following are features of foreign portfolio investments?

What are the causes of depreciation?

Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?

What is 'business risk'? What is its nature?

Define K.P.O.

0.008 converted into percent is ____.

Distinguish between licensing and franchising.

Importer sends a ___ form to get detailed information regarding the price, quantity, quality etc.

dummy Centralised control in MNCs implies control excersied by

Find out the appropriate word which fits the 10th blank.

Mr. Mohan conceived an idea to start a garment business. He consulted a Company Secretary to get the details. The Company Secretary helped listing down Mr. Mohan’s function in the process of starting up the business. Explain briefly the functions of a promoter.

Write the features of small scale industries (SSI).

State the importance of bill of lading.

Business is an economic activity. Do you agree ? Why ?

Who plays the lead actor opposite O in director Gamma's movie?

Name the sector whose role has changed considerably in the Indian economy after 1991 and explain any five changes.

What is meant by internal trade?

Why is the freedom of operation restricted in a joint stock company?

Name the service in which firm gets its tasks done by another firm.

How many signatories to memorandum of association are required in case of private and public company ?

Which of the following is the correct definition of green field venture?

A marine insurance is signed between the ______________ and the _____________.

Statement: For any kind of problem with your mobile Phone, contact our help desk immediately. Assumptions: I. Help desk has a solution to all kinds of problems related to mobile phones or will guide accordingly. II. Unless the problem is reported immediately, it cannot be solved.

Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of the form of organisation.

Explain the steps to be taken for incorporation of a company.

Who usually appoints a delivery person?

'Commerce has become so important in recent days of demonetization replacement of currency? Explain in short.

Adhaya limited, a famous group of promoters gets a contract of promoting a toy manufacturing company. Discuss in brief the steps which are required to be followed to form a toy manufacturing company ( Public Limited Company).

Discuss the institutional support provided by the government to small business.

Which of the following is a function of insurance?

What is the disadvantage of a sole proprietorship?

Give examples of the relationship between a human resource information system of MIS.

A trade association of software and service companies has come up with some major reasons behind India’s success in IT outsourcing industry is known as _______________________________.

Explain the functions of following in the development of small business in India. (i) National Small Industries Corporation (NSIC) (ii) District Industrial Centre (DIC)

Explain the merits and demerits of retained earnings.

A marine insurance is signed between the __ and the _.