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InterviewSolution
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.
| 851. |
Distinguish between business profession and employment |
| Answer» Profession- In which, individual works in professional stream and charge fees. Like CAEmployment- In which, individual works for another and paid it by salary | |
| 852. |
examples of secondary industry |
| Answer» | |
| 853. |
define commerce why is it of great importance in modern day |
| Answer» | |
| 854. |
Why profit is considered as the soul of the business ? |
| Answer» | |
| 855. |
Why should business pursue social objectives |
| Answer» This is the first time 10 board meeting tonight and tomorrow night but if the weather cooperates with the full amount you are doing well come you didn\'t have school | |
| 856. |
Hundi |
| Answer» Hundi/Hundee is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions. | |
| 857. |
State any three economic objectives of business? explain |
| Answer» ✌️ | |
| 858. |
Oldest form of business organization |
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Answer» Sole proprietorship The simplest and oldest form of business organization is the sole proprietorship. |
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| 859. |
Traditional industry |
| Answer» The traditional industries of India include handloom, handicrafts, coir, cashew, beedi, tiles and bricks and other household industrial activities carried out in the rural parts of the country. | |
| 860. |
A commercial bank provide various services to its customers.Explain such services. |
| Answer» The main services provided by commercial banks are(i) Collection of Deposits Commercial banks is that they accept deposits from their clients. The common types of deposits accepted by bank are(a) Saving account deposits(b) Current account deposits(c) Recurring deposits(d) Fixed term deposits(ii) Lending of Funds The commercial bank is to provide loans and advances out of the money received through deposits. These advances can be made in the form of overdraft cash credit etc.(iii) Cheque Facility The banks collect the cheques for their customers drawn on other banks. To collect cheques banks have clearing houses.(iv) Agency Functions Bank pay insurance premium on behalf of their clients. Bank also collect divided premium, interest, pension etc.(v) Allied Services In addition to above functions bank also provide allied services such as bill payments, locker facilities etc. | |
| 861. |
What is equity share and preference share? |
| Answer» Preference shareholders got a fixed dividend while equity shareholders got the dividend which is left after being given to preference shareholders | |
| 862. |
Principal of insurance? |
| Answer» .Indemnity.Insurable interest.Subrogation.Contribution.Loss minimization... | |
| 863. |
Through NEFT ,Maximum _____ can be transferred. A) rs 50000B)rs 199999C)rs 200000D)rs 150000 |
| Answer» Option C | |
| 864. |
What do you understand by red tapism |
| Answer» Red tape is an idiom that refers to excessive regulation or rigid conformity to formal rules that is considered redundant or bureaucratic and hinders or prevents action or decision-making. It is usually applied to governments, corporations, and other large organizations. | |
| 865. |
Advantage of sole proprietorship |
| Answer» Having right of decision making independentlyCan be formed or closed easily Requires less capital in comparison to other formsGot all the profit as there is only a single owner | |
| 866. |
Define share what are two tyoes of shares |
| Answer» Share is the smallest unit in which capital is dividedTwo types are1) Equity shares2)Preference shares | |
| 867. |
What is the meaning of certificate of incorporation? |
| Answer» It is a legal document related to formation of a company or a corporation issued by govt. | |
| 868. |
Where from the goods are purchased by the wholesaler? |
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Answer» From the manufacturer,wholesaler buys the goods and distribute it into the small scattered retailers. Manufacturer manufacturer |
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| 869. |
Define sole proprietorship and explain its five demerties |
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Answer» Merit- 1 quick decision making2 all profit bear3. Personal satisfaction4 confidentiality Sole proprietorship is owned , managed and controlled by a single I dividual is known as sole proprietorship |
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| 870. |
Profit is a blood of the business. Explain |
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Answer» Yes,it is an essential need for any business \'cause: (i) It is the only source of income for the business people.(ii) it is the source of finance to meet expansion of business.(iii) it indicates the efficient working of the business.(iv) it shows that society approves the business.(v) it increases the reputation of the business. Finance is a life blood of every business bcoz without finance businesses is not run for long period Profit NY hota business finance hota h |
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| 871. |
Write any Three characteristics of Employment |
| Answer» No need of money to start. Gets reward in the form of wages or salary. Work as prescribe by the employer. | |
| 872. |
Commercial bank provide various service to customer |
| Answer» | |
| 873. |
Minimum number of members to form a private Company is |
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Answer» 2 2 members is required Minimum- 2Maximum- 200 2 2 |
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| 874. |
Explain any three function of commercial bank |
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Answer» Thanks Accepting deposit ,granting loan ,general utility function,agency function |
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| 875. |
. What is social responsibility? Build up arguments for and against social responsibilities. |
| Answer» Arguments for social responsibility 1. Business is a part of society.2. Long term self interest of business. 3. Moral justification.4. Creating better public image.5. Avoidance of government. regulations.6. Maintenance of society.Arguments against social responsibility 1. Contrary to basic function of business.2. Conflict with profit motive.3. Distortion in resource allocation.4. Imposition of business values.5. Inefficiency in the system. | |
| 876. |
Priciples of insurance |
| Answer» Indemnity , subrogation, mitigation, utmost good faith , insurable interest, contribution | |
| 877. |
what is meant by insurance |
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Answer» It is an agreement in which the one party is agreed to pay the amount for the loss he bear. Ans. An arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs if, for example, you die or are ill, or if you lose or damage something. |
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| 878. |
Pre and post development of nagaland |
| Answer» | |
| 879. |
Commerce = ____ + ____ |
| Answer» Trade + Aids to Trade | |
| 880. |
Define business risk. |
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Answer» Business risk is defined as uncertainties or unexpected events, which are beyond control. In simple words we can say that business risk means a chance of incurring losses or less profit than expected. These factors cannot be control by the businessmen and these can result in a decline profit or lead to a loss. Ans. The term business risks refers to the possibility of a commercial business making inadequate profits due to uncertainties - for example: changes in tastes, changing preferences of consumers, strikes, increased competition, changes in government policy, obsolescence etc. Business risk refers to probability of losses due to unforeseen circumstances and events. Chances of inadequate profit and loss due to any cause is defined as business risk Business Risk refers to tha inadequate PROFIT or LOSS. |
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| 881. |
What is meant by internal trade |
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Answer» Ans. Trade\xa0refers to buying and selling of goods and services with the objective of earning profit. Trade which takes place within a country is called\xa0internal trade. Trade between two or more countries, on the other hand, is called external\xa0trade. Internal trade refers to buying and selling of goods or services within the geographical boundaries of a country. The trade which takes place within the geographical limits of the country is called internal trade Internal trade refers to the trade in which Trade takes place under the geographical limits. The trade within the boundaries of a country are known as internal trade. In this trade goods are sold and purchased inside the country |
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| 882. |
wto was established in |
| Answer» 1 JANUARY 1995 | |
| 883. |
What is hindu undivided family |
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Answer» Ans. Hindu Undivided Family\xa0(HUF) consists of all persons directly descended from a common ancestor, and also the wives and daughters of the male descendants. The Hindu Undivided Family\xa0is treated as a \'person\' under section 2(31) of the Income-tax Act, 1961, for the purpose of assessment under the Act. The family which has some ancestral property can start their business with eldest member being karta and rest of others as coparceners is called HUF its governed by hindu succession act of 1956 It is governed by Hindu succession act,1956.It has easy formation n closure. Membership is by taking birth in the family. Ancestral property should be inherited by karta and co-parcener |
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| 884. |
Identify the source which is termed as fair weather friend? |
| Answer» Public depostits | |
| 885. |
can i get the case study on any product like apple from kasmir or aloe vera from rajasthan |
| Answer» | |
| 886. |
can i get content on case study of apple from kasmir |
| Answer» | |
| 887. |
Formation. Of a campany |
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Answer» Ans. Formation of a Company\xa0is a procedure of incorporation of a\xa0company. It includes various factors and legal documents for the purpose of incorporation. At the time of establishment, there are two documents play a very important role. Those documents are Memorandum of Association (MoA) and Articles of Association (AoA). THAT IS DELETED FROM THE SYLLABUS |
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| 888. |
Iso 9000 is concerned with |
| Answer» Dur se dekha to i phone tha pas jake deka samsung ka clone tha | |
| 889. |
class 11 bst project file on apples from himachal pradesh |
| Answer» | |
| 890. |
prakash,a farmer went to the market and exchange his rice with pulses it is an economic activity |
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Answer» No regular basis is missing No. Because Economic activity refers to in which Such type of activities like Selling, exchanging,etc. Takes place in Regular basis. |
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| 891. |
What are the questions asked in viva of business studies class 11 |
| Answer» ask it to your teacher | |
| 892. |
Define commerce,why is it of great importance in modern life |
| Answer» Commerce is an organized system for the exchange of goods between the members of the industrial world." "Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange." | |
| 893. |
Is school fail student in class 11 |
| Answer» No, in this online era, everyone will get pass. Don\'t worry | |
| 894. |
Any 3 examples of technical feasibility |
| Answer» | |
| 895. |
ojas ltd company...hots |
| Answer» | |
| 896. |
What is fixed deposit account kya hota ha? |
| Answer» Fixed Deposit Account: Money is deposited in the account for a fixed period is called as Fixed Deposit account. After expiry of specified period ,person can claim his money from the bank. Usually the rate of interest is maximum in this account. The longer the period of deposit, the higher will be the rate of interest on deposit. | |
| 897. |
Explain Different types of Bank Accounts? |
| Answer» | |
| 898. |
Advantages of enterpreneurship |
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Answer» 5 Advantages of EntrepreneurshipLearning To See Possibilities Everywhere. When you have to rely on yourself and your imagination in order to generate\xa0income, this awareness goes with the territory. ...Defining Your\xa0Income. Who decides how much you\'re getting paid? ...Flexibility\xa0In Your Schedule. ...Enjoying Your Work. ...Learning To Be In The Moment. Entrepreneur plays an important role in the nation’s development:\tIncrease in the rate of growth in GDP (Total value of goods and services produced in an economy in a year),\tIncreasing productivity,\tProviding employment opportunities,\tIncreasing economic diversification,\tOptimal use of available resources,\tContinued innovation in techno-managerial practices and finally international competitiveness. |
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| 899. |
What is a global depository receipt |
| Answer» A Global Depository Receipt\xa0(GDR), also known as\xa0international depository receipt\xa0(IDR), is a certificate issued by a\xa0depository bank, which purchases\xa0shares of foreign companies and deposits it on the\xa0account. | |
| 900. |
A SWOT analysis looks at what? |
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Answer» The SWOT analysis process involves four areas: Strengths, Weaknesses, Opportunities and Threats. Both internal and external components are considered when doing SWOT Analysis, as they both have the potential to impact the success of a project or venture. Hii |
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