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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 651. |
What is the ure of business |
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| 652. |
Profit maximization cannot be the sole objective of a business.explain. |
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| 653. |
Define commerce, why is it of great importance in modern life? |
| Answer» define commerce why is it of great importance in modern life | |
| 654. |
Explain any four objective of business. |
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| 655. |
ABC Ltd. Is planting a tree on roadside.which objective it is trying to achieve? |
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| 656. |
Discuss the development of indigenous banking system in india |
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| 657. |
Wht is sole propreitorship??✌️ |
| Answer» Sole proprietorship is a type of business organisation which is owned by a single individual. | |
| 658. |
What is a meaning business |
| Answer» It refers to that economic activity which is conducted on regular basis to earn profit through the production and sale of goods and services. | |
| 659. |
Short note of 2 chapter |
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| 660. |
A person is doing his business having mainly profit his objective point out the value ignored by him |
| Answer» Value of social welfare as well<br>Consumer Satisfaction. | |
| 661. |
Name the CO. which has minimum paid capital of 5 lakhs |
| Answer» Public company | |
| 662. |
The paper pattern for PT 1 |
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| 663. |
Business risk cannot be evaded they only can be minimized explain |
| Answer» Business risk should have been minimize because we should take insurance for our company or firm thats why the risk is minimized | |
| 664. |
Profession is a respectable job explain |
| Answer» I don\'t know | |
| 665. |
Define auxiliaries to trade?Explain any 5 activities which are auxiliaries to trade |
| Answer» In my words auxiliaries to trade are those activities which help in trade or which take trade in smoother way they are of five type Banking, insurance, advertising transport and warehousing<br>Auxiliaries to trade are those activities which facilitate the trade like banking insurance transportation advertising and warehousing | |
| 666. |
Cultivation of wheat for sale and also for his own use |
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| 667. |
Case studies of chapter private,public and global enterprises |
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| 668. |
What is mean by liability |
| Answer» The loan and the obligation which is payable by the business concern is called liabilities.<br>Liabilities are those debts which an enterprise owes to someone and that enterprise has to pay to someone | |
| 669. |
, give three example of employment |
| Answer» Bankers, clerks,teachers | |
| 670. |
What is profit earning |
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| 671. |
Write the stages of incorporation capital |
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| 672. |
Capital is required in(a) Profession(b) Employment(c) Business(d) Non-economic activity |
| Answer» Business<br>(C) business<br>(c) Business | |
| 673. |
Advantage or important of sole trade . Explain ? |
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| 674. |
Which form of business organisation can be issued equity share? |
| Answer» Thank you<br>Joint stock company*<br>Company | |
| 675. |
What do you mean by business profession and employment |
| Answer» Business is that economic activity which involve production purchase sales of goods and services with the aim of earning profit by satisfying the human need in the society.Profession include activity which requires special kind of knowledge and skills by the individual in their occupation to earn fee.Employment reference to the occupation in which a person work under other and get remuneration in return.<br>Business is an economic activity, which involves production, purchase and sale of goods or supply of services with the aim of profit. Profession includes activities requiring special knowledge and skills to be applied by individuals in their occupation to earn fees. Employment refers to the occupation in which people work for others and get remunerated in the form of salary Or wages. | |
| 676. |
Features of export and import trade? |
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| 677. |
Visit to a mall project |
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| 678. |
Which committee was form to reconstruct the sick public unit. |
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| 679. |
What is meant by concept of business? |
| Answer» A business is an economic activities which are concerned with the production, purchase, sale Or exchange of goods and services. It\'s main objective is to earn profit. | |
| 680. |
State the main function of national small industries corporation? |
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| 681. |
apples from himachal |
| Answer» I need 3 kg plz??<br>? | |
| 682. |
Discuss the various distinctive features of small business |
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| 683. |
case study question of business studies of any chapter please give me ? |
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| 684. |
List any 4 features of international business. |
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| 685. |
Explain any three major arguments of wto |
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| 686. |
What is a joint hindu family business. |
| Answer» joint hindu family business is a form of business organisation which is carried and owned by the members of hindu undivided family where the main head is known as karta. | |
| 687. |
What is the meaning of short term finance and long term finance? |
| Answer» Long term sources: Equity shares, Retained profits, Preference shares, Debentures, loans from financial institutions, a loan from the bank.Short term sources: Trade credit, Factoring, Banks, Commercial papers, Customer advances. | |
| 688. |
What are the features of public provident fund |
| Answer» Premature withdrawals are allowed but only in case of emergencies. Interest on PPF: Interest on PPF balance is calculated every month and the amount is credited to the PPF account at the end of every financial year. The interest rates are pre-announced by the Government for each quarter. | |
| 689. |
What is the meaning of Finance? |
| Answer» The term finance means money. the requirement of funds by business to carry out in various activity is called business finance. | |
| 690. |
How life insurance differ from other type of insurance? State. |
| Answer» life insurance policy is generally long-term, whereas that of general insurance is short term. Claim of Insurance Amount: In case of life insurance, the assured sum is paid either on the death of the insured person or maturity of the policy. | |
| 691. |
Forms of business organisation project |
| Answer» Forms of Business Organisation: A Complete Guide\tForm\xa0# 1. Sole Proprietorship:\tForm\xa0# 2. One Person\xa0Company:\tForm\xa0# 3. Joint Hindu Family\xa0Business:\tForm\xa0# 4. Partnership Firm:\tForm\xa0# 5. Limited Liability Partnership (LLP):\tForm\xa0# 6. Joint Stock\xa0Company: | |
| 692. |
What is e business? Benifit of e business? |
| Answer» E-business, also known as electronic business, is the conduct of business on the internet. Its scope is not only confined with buying and selling of products but also servicing customers and collaborating with business partners.Benefits of e-business :\tEase of formation and lower investment requirements : Unlike a host of procedural requirements for setting up an industry, e-business is relatively easy to start. The benefits of internet technology accrue to big or small business alike. In fact, internet is responsible for the popularity of the phrase ‘networked individuals and firms are more efficient than networked individuals’.\tConvenience: Internet offers the convenience of 24 hours, 7 days a week, 365 days a year business that allows shopping well after midnight.\tSpeed : Internet has high speed. This benefit becomes all the more attractive in the case of information regarding intensive products.\tMovement towards a paperless society : Dependence on paper work has been considerably reduced through internet. Many companies and even the government departments and regulatory authorities are going in this direction.\tGlobal reach/access : Internet has global reach throughout the world.\tFactors responsible for the growing of importance of outsourcing:\tConfidentiality : Outsourcing depends on sharing a lot of vital information and knowledge. If the outsourcing partner does not preserve the confidentiality and say,/or example, passes it on the competitors, it can harm the interest of the party that outsources its processes.\tSweat shopping : As the firms that outsource seek to lower their costs, they try to get maximum benefit from the low-cost manpower of the host countries. | |
| 693. |
duties performed by warehouse for apple storage in himachal pradesh |
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| 694. |
Why should a business assume social responsibility? |
| Answer» \tJustification for Existence and Growth:\xa0Although the main motive of any business is profit but the prosperity and growth of business is not possible without a continuous service to the society. Therefore, it is justified for a business to assume social responsibility. | |
| 695. |
Explain different types of postal services |
| Answer» <article data-post-id="3295" data-topic-id="2782" data-user-id="2" id="post_1">Following mail services are provided by the post and telegraph department:(a)UPS (Under Postal Service) : Under it the post office provides a certificate of posting on the payment of prescribed fee.(b)Registered Post: This facility ensures the sender of the mail that in case the mail is not delivered to the adressee, it comes back to the sender.©Parcel Post : Under this facility, the parcels of specified size and weight can be sent across the country as well as outside the country on the payment of parcel charges.(d)Speed Post : Under it, the post & telegraph department guarantees that all the internet mail reveived up to 5 p.m. at the specified post offices will be delivered within 24 hours and if it fails to do so, the extra fee changed will be refunded.<section><nav><button aria-label="like this post" title="like this post"></button><button aria-label="share a link to this post" data-post-number="1" data-share-url="/t/discuss-briefly-the-different-types-of-mail-services-offered-by-the-post-and-telegraph-department/2782" title="share a link to this post"></button></nav></section><section>\xa0</section></article> | |
| 696. |
Project on the topic Banking |
| Answer» 1. BANKING“BANKING IS WHAT A BANK DOES”2. DEFINITION OF BANKING Banking Regulation Act 1949 defines banking as, “ACCEPTING FOR THE PURPOSE OF LENDING AND INVESTMENT, OF DEPOSITS OF MONEY FROM THE PUBLIC, REPAYABLE ON DEMAND, ORDER OR OTHERWISE AND WITHDRAWABLE BY CHEQUE,DRAFT,ORDER OR OTHERWISE”.3. BANK IS PART OF FINANCIAL SY STEM Financial system is one whichsupplies the necessary financial inputs for theproduction of goods and services. Economicdevelopment of any country depends upon theexistence of well organized financial system.4. Financial systemFinancial assets BFinancial intermediaries A N Financial markets K S Financial instrumentsFor the project click on the given link:<a data-ved="2ahUKEwjXn9r4gOztAhUIVysKHTw8B-0QFjACegQIAxAC" href="https://www.slideshare.net/parthiban40/project-about-banking" ping="/url?sa=t&source=web&rct=j&url=https://www.slideshare.net/parthiban40/project-about-banking&ved=2ahUKEwjXn9r4gOztAhUIVysKHTw8B-0QFjACegQIAxAC" rel="noopener" target="_blank">Project about banking - SlideShare</a> | |
| 697. |
Case study on Apple from Kashmir |
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| 698. |
Sir where is notes of chapter 7 formation of company |
| Answer» Thanks sir,???<br>JOINT STOCK COMPANYMeaning – Joint stock company is a voluntary association of persons for profit, having a\xa0capital divided into transferable shares, the ownership of which is the condition of membership.FEATURES1. Incorporated association –\xa0The company must be incorporated or registered tender the companies Act 1956.\xa0Without registration no company can come into existence.2. Separate Legal Existence –\xa0It is created by law and it is a distinct legal entity independent of its members. It can own property, enter into contracts, can file suits in its own name.3. Perpetual Existence –\xa0Death, insolvency and insanity or change of members as no effect on the life of a company. It can come to an end only through the prescribed legal procedure.4. Limited Liability –\xa0The liability of every member is limited to the nominal value of the shares bought by him or to the amt. guaranteed by him. Transferability of shares – Shares of public Co. are easily transferable. But there are certain restrictions on transfer of share of private Co. Common Seal- It is the official signature of the company and it is affixed on all important documents of company.5. Separation of ownership and control –\xa0Management of company is in the hands of elected representatives of shareholders known individually as director and collectively as board of directors.MERITS1. Limited Liability –\xa0Limited liability of shareholder reduces the degree of risk borne by him.2. Transfer of Interest –\xa0Easy transferability of shares increases the attractiveness of shares for investment.3. Perpetual Existence –\xa0Existence of a company is not affected by the death, insanity,Insolvency of member or change of membership. Company can be liquidated only as per the provisions of companies Act.4. Scope for expansion –\xa0A company can collect huge amount of capital from unlimited no. of members who are ready to invest because of limited liability, easy transferability and chances of high return.5. Professional management –\xa0A company can afford to employ highly qualified experts in different areas of business management.LIMITATIONS1. Legal formalities –\xa0The procedure of formation of Co. is very long, time consuming, expensive and requires lot of legal formalities to be fulfilled.2. Lack of secrecy –\xa0It is very difficult to maintain secrecy in case of public company, as company is required to publish and file its annual accounts and reports.3. Lack of Motivation –\xa0Divorce between ownership and control and absence of a direct link between efforts and reward lead to lack of personal interest and incentive.4. Delay in decision making –\xa0Red papism and bureaucracy do not permit quick decisions and prompt actions. There is little scope for personal initiative.5. Oligarchic management –\xa0Co. is said to be democratically managed but actually managed by few people i.e. board of directors. Sometimes they take decisions keeping in mind their personal interests and benefit, ignoring the interests of shareholders and Co.TYPES OF COMPANIESOn the basis of ownership, companies can be divided into two categories –Private & Public.Difference between Private Company & Public Co.\tPrivate Co.Public Co.It has minimum 2 and maximum 50 members.It has minimum 7 and maximum unlimited.It cannot invite general public to buy its shares and debentures.It invites general public to buy its shares and debentures.There are certain restrictions on transfer of its shares.Its shares are freely transferable.It can commence business after incorporation.It can commence business after obtaining certificate of commencement of business.It has to write Private Ltd. After its name \xa0Ex- Tata Sons, Citi Bank, Hyundai Motor India.It has to write only limited after its name \xa0Ex- Reliance Industries Ltd., Wipro Ltd. , Raymond’s Ltd.In its minimum capital required is one lakh.In its minimum capital required is five lakhs.\tFORMATION OF A COMPANYFormation of a company means bringing a company into existence and starting its business. The steps involved in the formation of a company are:(i) Promotion(ii) Incorporation(iii)Capital subscription(iv) Commencement of business.A private company has to undergo only first two steps but a public company has to undergo all the four stages.<hr />1. Promotion:Promotion means conceiving a business opportunity and taking an initiative to form a company.Step in Promotion:1. Identification of Business Opportunity : The first and foremost function of a promoter is to identify a business idea e.g. production of new product or service.2. Feasibility Studies:\xa0After identifying a business opportunity the promoters undertake detailed studies of technical, Financial, Economic feasibility of a business.3. Name Approval:\xa0After selecting the name of company the promotors submit an application to the Registrar of companies for its approval.4. Fixing up signatories to the Memorandum of Association:\xa0Promotors have to decide about the director who will be signing the memorandum of Association.5. Appointment of professional:\xa0Promoters appoint merchant bankers, auditors etc.6. Preparation of necessary documents:\xa0The promoters prepare certain legal documents such as memorandum of Association, Articles of Association which have to be submitted to the Registrar of the companies.<hr />2. IncorporationIncorporation means registration of the company as body corporate under the companies Act 1956 and receiving certificate of Incorporation.Steps for Incorporation1. Application for incorporation:\xa0Promoters make an application for the incorporation of the company to the Registrar of companies.2. Filing of necessary documents:\xa0Promoters files the following documents:(i) Memorandum of Association.(ii) Articles of Association.(iii) Statement of Authorized Capital(iv) Consent of proposed director.(v) Agreement with proposed managing director.(vi) Statutory declaration.3. Payment of fees:\xa0Along with filing of above documents, registration fee has to be deposited which depends on amount of the authorized capital.4. Registration:\xa0The Registrar verifies all the document submitted. If he is satisfied then he enters the name of the company in his Register.5. Certificate of Incorporation:\xa0After entering the name of the company in the register. The Registrar issues a Certificate of Incorporation. This is called the birth certificate of the company.<hr />III. Capital Subscription:A public company can raise funds from the public by issuing shares and Debentures. For this it has to issue prospectus and undergo various other formalities:Step required for raising funds from public:1. SEBI Approval:\xa0SEBI regulates the capital market of India. A public company is required to take approval from SEBI.2. Filing of Prospectus:\xa0Prospectus means any documents which invites offers from the public to purchase share and Debenture of the company.3. Appointment of bankers, brokers, underwriters:\xa0Banker of the company receive the application money. Brokers encourage the public to apply for the shares, underwriters are the person who undertake to buy the shares if these are not subscribed by the public. They receive a commission for underwriting.4. Minimum subscription:\xa0According to the SEBI guide lines minimum subscription is 90% of the issue amount. If minimum subscription is not received then the allotment cannot be made and the application money must be returned to the applicants within 30 days.5. Application to Stock Exchange:\xa0It is necessary for a public company to list their shares in the stock exchange therefore the promoters apply in stock exchange to list company shares.6. Allotment of Shares:\xa0Allotment of shares means acceptance of share applied. Allotment letters are issued to the shareholders. The name and address of the shareholders submitted to the Registrar.<hr />IV. COMMENCEMENT OF BUSINESS:To commence business a public company has to obtain a certificate of commencement of Business. For this the following documents have to be filled with the registrar of companies.1. A declaration that 90% of the issued amount has been subscribed.2. A declaration that all directors have paid in cash in respect of allotment of shares made to them.3. A statutory declaration that the above requirements have been completed and must be signed by the director of company.Important documents used in the formation of company:1. Memorandum of Association\xa0– It is the principal document of a company. No company can be registered without a memorandum of association and that is why it is sometimes called a life giving document.Contents of Memorandum of Association:1. Name clauses\xa0– This clause contains the name of the company. The proposed name should not be identicator similar to the name of another exiting company.2. Situation clauses\xa0– This clause contains the name of the state in which the registered office of the company is to be situated.3. Object clause\xa0– This clause defines the objective with which the company is formed. A company is not legally entitled to do any business other than that specified in the object clause.4. Liability Clauses\xa0– This clause limits the liability of the members to the amount unpaid on the shares held by them.5. Capital clause\xa0– This clause specifies the maximum capital which the company will be authorized to raise tough the issue of shares called authorized capital.<hr />2. Articles of Association:The articles of Association are the rules for the internal management of the affairs of a company the articles defines the duties, rights and powers of the officers and the board of directors.Contents of the Article:1. The amount of share capital and different classes of shares.2. Rights of each class of shareholders.3. Procedure for making allotment of shares.4. Procedure for issuing share certificates.5. Procedure for forfeiture and reissue of forfeited shares.6. Rules regarding casting of votes and proxy voting7. Procedure for selection and removal of directors8. Dividend declaration and payment related rules9. Procedure for capital readjustment10. Procedure regarding winding up of the company.<hr />2. Prospectus:Prospectus means any document which invites deposits from the public to purchase share or debentures of a company.Main contents of the Prospectus:1. Company’s name and the address of its registered office.2. The main object of the company3. The number and classes of shares.4. Qualification shares of the directors5. The name and addresses of the directors, managing director or manager.6. The minimum subscription which is 90% of the size of the issue.7. The time of opening and closing of the subscription list.8. The amt. payable on the application and allotment of each class of share.9. Underwriters to the issue.10. Merchant bankers to the issue.2. Statement is Lieu of Prospectus:A public company having a share capital may sometimes decide not to raise funds from the public because it may be confident of obtaining the required capital privately. In such case it will have to tile a statement in lieu of prospectus with the Registrar of companies. It Contains information much similar to that of a prospectus.CHOICE OF FORM OF BUSINESS ORGANISATIONThe following factors are important for taking decision about form of organization:1. Cost and ease in setting up the organization:\xa0Sole proprietorship is least expensive and can be formed without any legal formalities to be fulfilled. Company is also expensive with lot of legal formalities.2. Capital consideration:\xa0Business requiring less amount of finance prefer sole proprietorship & partnership form, where as business activities requiring huge financial resonances prefer company form.3. Nature of business:\xa0If the work requires personal attention such as tailoring unit, cutting saloon, it is generally setup as a sole proprietorship. Unit engaged in large scale manufacturing are more likely to be organized in company form.4. Degree of control desired:\xa0A person who desires full and exclusive control over business prefers proprietorship rather than partnership or company because control has to be shared in these cases.5. Liability or Degree of Risk:\xa0Projects which are not very risky can be organized in the form of sole proprietorship partnership whereas the risky ventures should be done in company form of organization because the liability of shareholders is limited. | |
| 699. |
What is homework in chapter ..nature and perpose of business |
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| 700. |
Project on AIDS TO TRADE \'transportation\' |
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