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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.
| 1151. |
Explain the types of trademarks with suitable example |
| Answer» A\xa0trademark\xa0protects a slogan, phrase, word, company name,\xa0logo, or design that identifies a company and/or its goods. A\xa0logo\xa0is a symbol or design used by a company that may fall under\xa0trademark\xa0protection laws. Many businesses choose to apply for\xa0trademark\xa0protection on their\xa0logos. Slogans, symbols, or inventive catchphrases are common\xa0examples of trademarks. Companies legally register their\xa0trademarks\xa0with the appropriate authorities in order to prevent competing companies from copying (called infringing upon) their\xa0trademark\xa0or\xa0trademarks\xa0(explicitly designated by the superscripted "TM"). | |
| 1152. |
Fci is an example of which form of public enterprise |
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Answer» Fci os a public corporation A company whose shares\xa0are\xa0publicly traded and\xa0are\xa0usually held by a large number (hundreds or thousands) of shareholders. The usual British term is\xa0a public\xa0limited company. A government-owned company such as an airline or\xa0public\xa0transit company. See also\xa0corporation\xa0sole.\xa0examples -\xa0LIC,\xa0Food Corporation of India\xa0(FCI) |
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| 1153. |
Concept of bussiness |
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Answer» Business is an institution organised and operate to provide goods and services to society under the incentive of private gain. The term of bussiness is derived from the word \'busy \'. Thus,business means being busy. However in a specific sence ,business refers to an occupation in which people regularly engaged in activities related to purchase,production and or sale of goods or services with a view to earn profit |
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| 1154. |
What are the various reasons for which profit may be regarded as an essential objective of business? |
| Answer» Profit may be regarded as an essential objective of business\xa0for\xa0various reasons\xa0(a)It is a source of\xa0income\xa0for\xa0business\xa0persons. (b) It\xa0can\xa0be a source of finance for meeting expansion requirements of\xa0business. (c) It indicates the efficient working of\xa0business.\xa0An\xa0aim\xa0is where the\xa0business\xa0wants to go in the future, its goals. It is a statement of purpose, e.g. we want to grow the\xa0business\xa0into Europe.\xa0Business objectives\xa0are the stated, measurable targets of how to achieve\xa0business aims. For instance, we want to achieve sales of €10 million in European markets in 2004. | |
| 1155. |
Business activities OLX classified in two parts name them |
| Answer» Business activities are classified into name them | |
| 1156. |
The term redeemable is used for |
| Answer» Redeemable can be used for things which are recoverable like loan can be recoverable after some fixed time with interest. | |
| 1157. |
Function of warehouse |
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Answer» To store goods for future use in emergency Warehousing : It refers to preserving a quantity of goods for use when required.Functions of warehousing are as follows :1. Consolidation : In this function the warehouse receives and consolidates, materials/ goods from different production plants and ispatches the same to particular customer on a single transportation shipment.2. Break-Bulk : This functions refers to the shipment of bulk quantity of goods from the production plants to the distribution warehouse and then reshipment in small quantities to different customers.3. Stock Piling : The next function of warehouse is the seasonal storage of goods to select business for eg. Agriculture products are harvested at specific times with subsequent consumption throughout the year. |
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| 1158. |
Which person cannot transfer his interset |
| Answer» Transfer of interest refers tro transfer of ownership of property ,objects from one party to another. Transfer of interestb is possible in case of business businessman can transfer his business to another persoon. But in case of profession or employement, transfer of interest is not possible . eg - a professional say a doctor cannot transfer his/her medical degree to anotherv person and make him / her a doctar. Also,in employement an employee cannot transfer his/her job to another person. | |
| 1159. |
Difference between import export and entrepot |
| Answer» When goods are purchased from foreign countries, it is called import.When goods are sold to foreign countries, it is called export.When goods are imported from one country to export them in another country, it is called entrepot trade. In simple words it is like a middleman or broker | |
| 1160. |
is ncert pdf of cbse guide app same as ncert book ? I mean.. are all topics covered in this pdf? |
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Answer» thanku Ya... It is same as ncert book and all topics are covered in the pdf... If you are not statisfied then you can match it from google or download ncert book pdf.... |
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| 1161. |
Insurance involves sharing of risks . Comment |
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| 1162. |
Explain any four features of management |
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Answer» Features of management :* timely completion of process or task.* avoid duplication of work.* reduces risk of manipulation.* timely deployment of ineffective resources. Following are the main characteristics of management:\tManagement is a Goal Oriented Process: We need management when we have some goals to be achieved. A manager on the basis of his knowledge and experience tries to achieve the goals which are already decided.\tManagement is all Pervasive: All types of activities-business and non-business require management for successful completion. If we remove management from these activities, the result will be a failure. Hence, management is necessary to conduct any type of activities. Hence, it is pervasive or universal.\tManagement is a Group Activity: This means that it is not a single person who completes all the activities of an organisation but it is always a group of persons (Managers).Hence, management is a group effort.\tManagement is an Intangible Force: Management cannot be seen. It can only be felt. If any organisation is heading toward higher levels of achievement, it signifies an existence of good management and vice-versa. |
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| 1163. |
creative stockers is an advertising agency initiated by Rohit,shagun and pratima |
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| 1164. |
explain the concept of mutal agency in partnership with suitable explample |
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Answer» Mutual agency :-- the definition of partnership highlights that the business is carried out by all or any one acting for all . In the partnership every member is agent as well as principle. He is agent because he represent them and all the members binds by his act . And he can also be the principle because he bound by the act of other members in the partnership form of business organization. . Mutual agency is the right of all partners to represent the company\'s normal business operations and the authority to bind it to mutual contracts and agreements. In leman\'s terms, it is the authority given to a person doing business on behalf of the company, usually a business owner or partner. Mutual agency is the legal relationship between partners in a partnership where each partner has authorization powers and the ability to enter the partnership into business contracts. In other words, each partner in the partnership is an agent in the business and the authority to make business decisions that commit or bind the partnership, as a whole, to a business agreement with a third party or entity.Mutual agency only exists for partners acting within the scope of normal business operations and dealings. For example, a retailer apparel partner with agency would not be able to contract the other partners into a deal to purchase a piece of investment real estate because this would be outside the normal operations of the business.One of the retail partners can, on the other hand, purchase goods from a vendor and require the partnership pay for the goods. This transaction is within the normal course of operations of the business. |
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| 1165. |
What are the types of business activities |
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| 1166. |
Objectives are of three types notes on that three points organization, social, individual |
| Answer» Answer | |
| 1167. |
Why do we insure goods |
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| 1168. |
State any 5 features/characteristics of Business. |
| Answer» Mere question baar baar gyb kyu ho rhe.... Aapko dekh rhe h kya... | |
| 1169. |
Difference between sole proprietorahip and partnership |
| Answer» When business is run by single person is known as sole proprietor and when business is run by 2 or more people is known as partnership | |
| 1170. |
Business=trade-commerce.True or false? |
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Answer» Trur True |
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| 1171. |
Make a list of atleast 5 departmental undertakings and the working they perform |
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| 1172. |
How can sole proprietor can expand his business |
| Answer» Sole Proprietorship in simple words is a one-man business organisation. Furthermore, a sole proprietor is a natural person(not a legal person/entity) who fully owns and manages this type of entity. In fact, the business and the man are the same, it does not have a separate legal entity.In addition, a sole proprietorship\xa0usually does not have to be incorporated or registered. Thus, it is the simplest form of business structure and the ideal choice to run a small business or medium scale business. Let us look at some important features of a proprietorship. | |
| 1173. |
Explain the objectives of business |
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Answer» It\'s objective is to earn money and profit Continuous increase in the profits of any enterpriseis possible only by performing useful services to the society. Infact, objectives are needed in every area that influences the survival and prosperity of busi¬ness. Since a business has to balance a number of needs and goals, it requires multiple objectives.The five multiple objectives of business are as follows:\tMarket standing : Market standing refers to the position of an enterprise in relation to its competitors. A business enterprise must aim at stronger market standing in terms of offering competitive products to its customers and serving them to their satisfaction.\tInnovation : Innovation is the introduction of new ideas or methods in the way something is done or made. There are two kinds of innovation in every business, i.e.,\t(i) innovation in product or service.\t(ii) innovation in the various skills and activities needed to supply them.\tProductivity : Productivity is calculated by comparing the value of outputs with the value of inputs. It is used as a measure of efficiency.\tPhysical and financial resources : Any business requires physical resources like plants, machines, offices, etc., and financial resources i.e. funds to be able to produce and supply goods and services to its\tcustomers.\tEarning profits : One of the main objectives of business is to earn profits on the capital employed.\tProfitability refers to profit in relation to capital investment. Every business must earn a reasonable profit which is crucial for its survival and growth |
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| 1174. |
Define concept of business |
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Answer» An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors. A business concept may involve a new product or simply a novel approach to marketing or delivering an existing product. Once a concept is developed, it is incorporated into a business plan. Characteristics of Business(i) Economic Activity Business is considered to be an economic activity because it isundertaken with as aim of earning money or livelihood.(ii) Production or Procurement of Goods and Services Goods are offered to consumers after they are either produced or procured by business enterprises. Thus, every business enterprise either manufactures the goods it deals in or it acquires them from other producers, to be further sold to consumers or users.Goods may be consumer goods like television, tea, pen, etc or capital goods like machinery, furniture, etc. Services may include facilities offered to consumers in the form of transportation, banking, electricity, etc.(iii) Sale or Exchange of Goods and Services Business involves transfer or exchange of goods and services for value addition. If goods are produced for self consumption and not for selling purpose, it cannot be called a business activity. Cooking food at home for the family is not business, but cooking food and selling it to others in a restaurant is business. Thus, one essential characteristic of business is that there should be sale or exchange of goods or services between the seller and the buyer.(iv) Regular Dealings in Goods and Services Business involves dealings in goods or services on a regular basis. Therefore, one single transaction of sale or purchase does not constitute business.(v) Profit Earning The primary objective of business is to earn profit. For this businessmen make all possible efforts by increasing the volume of sales or reducing cost. It is an essential factor as growth and expansion would be possible only when a business is making profit.(vi) Uncertainty of Return Business should not be considered as bed of roses. At every stepproblems and obstacles hinder the path of success. One cannot expect the actual returns an investment as there is always a possibility of losses. |
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| 1175. |
Differences between customer and consumer |
| Answer» Differences Between Customer and Consumer. ... The person who buys the goods or services from a seller is known as the Customer. The person who uses the goods or services is known as a Consumer. The customer is also known as buyer or client whereas the Consumer is the ultimate user of the goods. | |
| 1176. |
Explain in detail the classification of business activities on the basis of their functions |
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| 1177. |
What is special Resoulation |
| Answer» an extraordinary resolution or special resolution is a resolution passed by the shareholders of a company by a greater majority than is required to pass an ordinary resolution. | |
| 1178. |
What is department undertakin ng, statutory corporation, govt. Company |
| Answer» The main differences between a departmental undertaking and a public corporation are: 1. As a departmental undertaking does not have a separate legal entity, it cannot be used. On the other hand, statutory corporation has a separate legal entity, it can be sued. 2. The funds of a departmental undertaking consist of budgetary allocation made by the Government. But the funds of a statutory corporation consist of share capital wholly contributed by the government and funds borrowed by the corporation from the government or from the public. 3. A departmental undertaking is subject to more government control and regulation than a statutory corporation. 4. A departmental undertaking does not enjoy flexibility of operations, whereas a statutory corporation has considerable flexibility of operations. 5. A departmental undertaking cannot borrow funds from the public. But a statutory corporation can borrow funds from the public. 6. A departmental oranisation is an old type of state enterprise, whereas a statutory corporation is a modern type of state enterprise. 7. A departmental organization is not created by any act, whereas a statutory corporation is created by a special act of the parliament. 8. A departmental undertaking is established by a ministry. But a public corporation is established by the parliament or legislature. 9. A departmental undertaking does not have a separate legal entity. On the other hand, a statutory corporation has a separate legal entity. 10. A departmental undertaking is subject to more government control and regulation than statutory corporations.Read more on Sarthaks.com - https://www.sarthaks.com/614851/distinguish-between-departmental-undertakings-and-statutory-corporations | |
| 1179. |
crude oil business in which type of industry? |
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| 1180. |
What is management & state the objectives of its ? |
| Answer» The main objectives of management are: Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. | |
| 1181. |
Which is the best book for economics accounts and business studies for class 11. |
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| 1182. |
Appreciate the economic and social objectives of business |
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| 1183. |
Evaluate the need for outsourcing and discuss its limitation |
| Answer» Outsourcing has emerged as a way of doing business due to global competitive pressures for higher quality products at lower costs, ever demanding customers and emerging technologies. Need for outsourcing can be understood from the benefits which are given below:Focusing of Attention: Business firms are realizing the importance of focusing on core areas where they have distinct ability and core competence and contracting out the rest of the activities to their outsourcing partners. A business organization needs to decide its core areas and non-core areas. Once they outsource non-core areas, they can focus their attention on selected activities. It will increase efficiency and effectiveness.Quest for Excellence: Outsourcing enables the firms to attain excellence in two ways: (a) By focusing on activities selected, their excellence in those activities increases. (b) They excel by extending their capabilities through contracting out the remaining activities to them who excel in them.Cost Reduction: In the age of globalization, cost reduction is of vital importance to survive in the market. Division of labour not only enhances quality but also reduces cost. For example, India is preferred as an outsourcing destination because of cost factors.Growth through alliance: When some activities are outsourced then these alliance partners invest for the outsourced activities. Business can be expanded by same amount of investible funds as now these funds are to be invested in limited number of activities.Fillip to Economic Development: Outsourcing stimulates entrepreneurship, employment and exports in the host countries. For example, in India there has been remarkable growth in entrepreneurship, employment and exports that today India is an undisputed leader in software development and IT enable services. But outsourcing is not an unmixed blessing. It has its own limitations. Some of which are discussed below:Confidentiality: When a business opts for outsourcing, it has to share a lot of vital information and knowledge. This information may be leaked by the outsourcing partner. It may be against the outsourcing firm. It is also possible that the outsourcing partner starts a business of same line after getting such information.Ethical Concerns: Many a time, outsourcing makes use of child labour and violates labour laws to reduce costs. They also discriminate in wages on the basis of ***.Sweat Shopping: A firm which goes in for outsourcing actually transfers ‘doing’ skills rather than ‘thinking’ skills. Therefore, they do not create skilled manpower in developing countries but just take maximum benefit of low cost labour by transferring non intellectual tasks.Resentment in their Home Countries: Outsourcing is being disliked by people in developed countries because the jobs which they could get are being transferred to developing countries through outsourcing. The problem is still more severe if there is problem of unemployment in home country of outsourcing firm. | |
| 1184. |
Explain public private partnership (PPP) |
| Answer» Public-Private Partnership refers to the involvement of private sector in the Govt, projects aimed at public benefit in the form of management expertise and monetary contribution.The following are the main features of PPP :PPPs are related to high priority Govt, planned projects.(2)PPP’s main objective is to combine the skills, expertise and experience of both public and private sectors to deliver high quality services.(3)PPPs divide the risk between public and private sector.(4)The Govt, remains accountable for the quality and costs of the services.(5)PPPs are used in the Govt, projects aimed at public benefit.(6)PPPs projects lead to faster implementation and reduced life cycle. | |
| 1185. |
Set 3 answer |
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| 1186. |
Is government school comes under public sector |
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Answer» Noo J |
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| 1187. |
History of commerce |
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| 1188. |
Solutions of sample paper 3 |
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| 1189. |
Solutions of sample paper 2 |
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| 1190. |
Business risk |
| Answer» The term ‘business risk’ refer to the possibility of inadequate profits or even losses, due to uncertainties or unexpected events. For example, the demand for a particular product may decline due to change in tastes and preferences of consumers. Decrease in demand will result in lesser sale and thereby lesser profits.Nature of business risk : The nature of business risks can be understood in terms of its peculiar characteristics:\tBusiness risks arise due to uncertainties.\tRisk is an essential part of every business.\tDegree of risk depends mainly upon the nature and size of business.\tProfit is the reward for risk taking. | |
| 1191. |
Explain the functions of commercial bank? |
| Answer» \tAccepts deposit – The bank takes deposits in the form of saving, current, and fixed deposits. The surplus balances collected from the firm and individuals are lent to the temporary required of commercial transactions.\tProvides Loan and Advances – Another critical function of this bank is to offer loans and advances to the entrepreneurs and businesspeople and collect interest. For every bank, it is the primary source of making profits. In this process, a bank retains a small number of deposits as a reserve and offers (lends) the remaining amount to the borrowers in demand loans, overdraft, cash credit, and short-run loans etc.\tCredit Cash- When a customer is provided with credit or loan, they are not provided with liquid cash. First, a bank account is opened for the customer and then the money is transferred to the account. This process allows a bank to create money.\tDiscounting bills of exchange – It is a written agreement acknowledging the amount of money to be paid against the goods purchased at a given point of time in future. The amount can also be cleared before the quoted time through a discounting method of a commercial bank.\tOverdraft Facility – It is an advance given to a customer by keeping the current account to overdraw up to the given limit.\tPurchasing and Selling of the Securities – The bank offers you with the facility of selling and buying the securities.\tLocker Facilities – Bank provides lockers facility to the customers to keep their valuable belonging or documents safely. Banks charge a minimum of an annual fee for this service.\tPaying and Gather the Credit – It uses different instruments like a promissory note, cheques, and bill of exchange.\xa0 | |
| 1192. |
What is the process of small,businesa |
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| 1193. |
Trade credit or public deposit which is unsecured source of finance |
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| 1194. |
business is a bed of roses |
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| 1195. |
Explian GDR and ADR source of international finance |
| Answer» Global depository receipt is the way by which a public company or business can arrange funds by issuing shares out of the country (Globally) whereas American depository receipt is the way of arranging funds by issuing shares in America only. | |
| 1196. |
The right trademark check the use of similar identity by some other person or business (true /false) |
| Answer» True | |
| 1197. |
Barter system is the first stage of development of commerce in India (true /false) |
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| 1198. |
pollution controlin any three steps |
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| 1199. |
What is indent |
| Answer» What is cross selling sections? | |
| 1200. |
What are th different form of documents used in international trade? |
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