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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

which industry is known as agriculture industry

Answer» Primary industrt
Primary Industry
Discussion
2.

What is mean by mutual agency of partnership

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3.

Which business activity removes all the hindrance in the process of exchange

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4.

Plz give answer practice question

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5.

Give any four reasons against the social responsibilities of a businessman

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6.

what is sole propritor ship

Answer» Form of business which is owned,managed and controlled by single individual
Sole propritor is who control the buisness by one person
Sole proprietor ship means the owner of the business ,who control and manages the business
Discussion
7.

Enumerate the two conditions necessary for formation of joiny hindu family business

Answer» It is compulsory that owner of the bussiness should be the son or blood relatives only control or run the bussiness otherwise no
1. Atleat two faimly members.2. Ancestral property
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8.

Responsibility towards investor

Answer» Showing good faith towards business,customers and society also.Making reasonable prices.Creating new innovation in business.
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9.

How electronic commerce is more secure for the modern business

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10.

Why was partnership is more important in firms of business orgainsation

Answer» Partnership means more investment which helps in expanding business and making new innovations
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11.

Write the name of two trade communities in ancient time

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12.

What is role karta in joint hindu family business

Answer» He works as the owner of business
Karta is the eldest person of hindu undivided family who have the power to take the decisions of the business
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13.

What values do the MNCs voilate?

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14.

The forms of Public Enterprises.

Answer» Thnx
The different types of Public Enterprises are as follows.(i) Government Department - is the oldest form of running a government activity and is freely held by the Central or State enterprises like the defense, railways, posts and telegraphs, etc.\xa0(ii) Public Corporation - They were popular as an enterprise after the First World War.\xa0(iii) Government Company - The Companies Act of 1956 states that a government company is one in which more than 51 percent of the share capital is controlled by the Central Government or by a State Government or even partially by the Central Government and partly with one or more State Governments.
Forms of Public Enterprises are:-(i) Departmental undertaking.(ii) Statuary cooperation.(iii) Government companies.
Discussion
15.

State some unethical problem followed by a business and

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16.

What is the main aim of a cooperative bank

Answer» To provide better framing better business better living
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17.

"A document contains rules and regulations for internal management of company".what is it called?

Answer» Article of association
Article of association.
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18.

What reward an entrepreneur get for risk-bearing in business?

Answer» its profit
The return/reward is the profit (i.e. gain on regular basis)
Profit
Profit
Profit.
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19.

Who is sharma mahatma

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20.

What is hundi?

Answer» आपस में लेन देन के समय लिखकर दिया जानेवाला महाजनी चेक।
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21.

How to form a textile imaginay company for project

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22.

Why central bank control commercial bank?

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23.

Explain the meaning and features of public corporation

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24.

Who is the partner in partnership

Answer» A person who wants to run the business with a person who is trustable for him and can run the business with him without any cheating with equal profit and loss share are the partners of the business.
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25.

Can any activity be economic as well as non-ecomoic?

Answer» Yes, teacher is teaching in school or teacher teaches her/his own son. In this teacher doing an economic as well as non-economic activity.
Yes you are right
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26.

Fyyfdddffghji

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27.

Joint venture

Answer» A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
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28.

Joint venture in simple

Answer» (1)Two or more individuals or enterprises, either private or government, owned or a foreign company joining together through participation in equity capital for achieving a common target and mutual benefit is known as joint venture.(2)Joint venture involves pooling of resources and expertise as well as sharing of risks and rewards by these enterprises.(3)These enterprises agree to join together for the expansion of business, development of new products or for penetrating into new foreign markets.(4)Joint ventures are formed either for long-term projects or for short-term projects.(5)The basic purpose of joint ventures is to attain a strong position for both the enterprises.
When two or more independent firms together make a new firm by contributing capital.Ex-maruti suzuki
Joint venture means collebration of two enterprises
Discussion
29.

Which is the oldest and the only type of organisation found in India

Answer» Joint hindu family business
Tisco(tata iron and steel company)
Discussion
30.

Business Studies

Answer» Study of the firms which are helpful for running a business is call busoness studies.
Discussion
31.

Which type of business organisation is suitable forC.A firm and beauty parlour and why?

Answer» \xa0Sole proprietorship will be more suitable for\xa0beauty parlour because:\tIt has easy formation and closure.\t\xa0It needs limited resources.\tHe will be sole risk bearer which is not so high and profit recipient.\tHe will have 100% control.\tpersonal services.\xa0For chartered accountancy firm, partnership firm will be more suitable because it has:\tEase of formation and closure\t\xa0Balanced decision making\tMore funds\tSharing of risks\tMaintain secrecy
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32.

what is meant by bonded warehouse

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33.

State the meaning of public private partnership

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34.

What is memorandam of association?

Answer» Memorandum of Association defines the objects for which the company is formed. This is the main document of the company and is subordinate to the Companies Act. Memorandum of Association defines the relationship of the company with outsiders. Acts beyond the Memorandum of Association are invalid and cannot be ratified even by a unanimous vote of the members. Every company has to file a Memorandum of Association.
MoA is the legal document which is important for both public and private compnies. In this all the information related to company is to be shown. This is submited to registrar.
Discussion
35.

Example of activity economic in one side and non economic on other side?

Answer» Human activities are classified into economic and non-economic activities. Economic activities are those which are performed for some economic consideration and they are undertaken to earn a living, whereas non-economic activities are performed for psychological satisfaction and out of love, sympathy, patriotism, etc. Economic activities are concerned with all those activities which are concerned with the production, consumption and distribution of goods and services which are not available for free. But, there is no expectation of any kind of monetary reward or benefit in non economic activities. For example, when a doctor treats a patient at a hospital or a clinic, he charges a fee for that, thus it becomes an economic activity. However, when the same doctor treats his son/daughter at home, it becomes a non-economic activity. The same can be applied to a teacher teaching students in a school for which she takes the\xa0salary and hence becomes an economic activity whereas teaching her own children at home is a non economic activity.
If a teacher teaches student is known as economic activity because he/she is getting salary or fees for it but if he/she is teaching his/her own child then it is considered as non economic activity because he /she is not getting fees or salary in return .
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36.

What is the minimum no.of persons required to form a co-operative society

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37.

Types of choice of form of business

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\tForm of OrganizationFactorMaximum AdvantagesMinimum AdvantagesCapital availablecompanySole proprietorshipCost of formationSole proprietorshipcompanyEase of formationSole proprietorshipcompanyTransfer of ownershipCompany (except Private company)PartnershipManagerial skillscompanySole proprietorshipRegulationsSole proprietorshipcompanyFlexibilitySole proprietorshipcompanyContinuitycompanySole proprietorshipLiabilitycompanySole proprietorship\t
\tCost and Ease at Setting up the Organization:\xa0According to the cost of setting up, sole proprietorship is the most inexpensive of all. But, the legal requirements are minimum an the sale of operations are also small. In a partnership firm, the legal requirements and the cost is minimum due to the limited scale of operations. Registrations for co-operative stores and companies are mandatory an the formation of a company is lengthy and expensive as well. Looking at the initial cost factor, sole proprietorship is the most economical. There is more cost involved in the formation of a company.\tLiability:\xa0The liability o owner/partner I unlimited in the case of sole proprietorship and partnership. The owners are liable to pay the debt from their personal assets. In a Joint Hindu undivided family, the Karta has unlimited liability. In the case of companies an o-operative societies, the creditor can limit their debt only to the extent of the assets of the company. From the investors point of view, company form of organization is best suited.\tContinuity:\xa0Death, insolvency or insanity affects the sole proprietorship and partnership. This is not so in the case of a Joint Hindu Undivided family, co-operative societies and companies. For short term project, sole proprietorship or partnership is preferred.\tManagement Ability:\xa0A sole proprietor might not be well versed in all the activities. There is no such problem in forms like partnership or companies. But there is a drawback of conflict or difference in opinion. Complexity of organizational structure also requires professional handling an for this, company form is best. Proprietorship or partnership is recommended when the operations are simple and requires less skills to run the show. Thus, the nature of operations and professional management decides the form of organization to be chosen.\tCapital Consideration:\xa0Companies collect huge amount of capital from investors in the form of shares. The combined resources of all partners is available in partnership, whereas the resource of sole proprietors is limited. Depending upon the scale of operations, company form can be opted and for small or medium sized business, one can choose sole proprietorship or partnership business. In terms of expansion, company form is preferred due to the capacity to raise funds and invest them in the infrastructure.\tDegree of Control:\xa0For direct control over the operations, sole proprietorship may be chosen. When the partners do not mind sharing the decision making, partnership may be the one suitable. In the company form of organization, there is total separation of opening the management because there are specialized personnel to handle the company affairs.\tNature of Business:\xa0For direct contact with customers, sole proprietorship is preferred. In case of large scale operation and the contact with customers is not mandatory, then company form is preferred.
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38.

Define in berif the history of commerce in india?? ....??

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39.

Explain the term debit card

Answer» Bank card used in cash transactions, but which is not a credit card. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder\'s account. If the available funds are insufficient, the transaction is not completed.
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40.

What are the expected questions from chapters 1 to 3 of author Poonam Gandhi

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41.

Explain any four objectives of business .

Answer» Business needs multiple objectives as it seeks to create a balance between different needs and goals of different interest groups, like consumers, employees, society at large, etc. The various multiple objectives of the business are described below:\tMarket standing: Every business should strive to create and maintain a reputable market position with regard to its competitors. In order to achieve a stronger market standing a business needs to focus on enhancing customer\'s satisfaction.\tInnovation: In order to obtain an edge over its competitors and boost its public image every business needs to constantly review and revise its products and process in terms of creating better technology and utility.\tProductivity: The ratio of values of inputs to values of outputs reflects the productivity of activities. Every business seeks to achieve a higher level of productivity by increasing its efficiency.\tEarning profits: One of the most important objectives of every business is to earn profits. Profits are vital for the survival, growth and expansion of the business. The profitability of a business refers to the ratio of profit to capital investment.
Market standing,. Innovation,. Earning profits,. Productivity
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42.

Is earning profit the only objective of the business . Discuss

Answer» Not all the time There consumer satisfaction means consumers equilibrium is also important
No other objective is consumer satisfaction .
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43.

What do you mean by government company

Answer» Government company or public company is the company which is control or managed by government
Govt. Companies are public compnies. Shares of these compnies provide there shares to general public .
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44.

Activists

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45.

What is mean by Panthers ship

Answer» Partnership is the form of business where partner share equal amount of capital
Partnership refers to the business partners who engage Activity in equal shares
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46.

if a registration is optional why do partner ship firms willingly go though this legal formal

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47.

Case studies on the features of company

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48.

Name and explain the different forms of public sector enterprise

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49.

How do can be minimize the business risk

Answer» Hi jyoti we can minimise business risk by avoding too much risky transaction by taking insurance policy and making provision in current earning
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50.

What is the demerit of government company ? Give any four point.

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