Saved Bookmarks
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.
| 1351. |
A company can commence business after incorporation |
| Answer» | |
| 1352. |
Reality of social responsibility |
| Answer» In reality, social responsibility receives only lip service. Some business houses fulfill its legal responsibility in the name of social responsibility. There are some factors and reasons which have forced and persuaded business organizations to fulfill their social responsibility which are as follows: 1. Threat of public regulation: India is a democracy where Government is expected to be welfare state. If any business organization acts in a socially irresponsible manner, then an action may be taken against them to safeguard people’s interest. In reality, business houses do not assume their social responsibility on their own but due to threat of public action. 2. Pressure of labour movement: In the last century, labour movement for extracting gains for the working class throughout the world has become powerful. Labour laws are also followed not out of a sense of social responsibility but because of increasing pressure of labour movement. 3. Impact of consumer consciousness: Consumers are also becoming aware of their rights since enactment of Consumer Protection Act, 1986. Under this Act, consumers are entitled to file a case if he is cheated in any ways. 4. Development of social standard for business: As per new social standards, a business is considered to be legitimate only if it fulfills its social responsibilities. No business can be done in isolation with the society. The performance of a business is judged on social standards. 5. Development of business education: Nowadays businessmen are professionally qualified due to changing pattern of form of business. It is also making it socially more responsible. Education has made people more conscious as employees, customers, investors and owners. 6. Relationship between social interest and business interest: Businessmen are able to find that social interest and business interest are correlated. The concept which existed earlier that no business can grow without exploitation of others does not exist any more. 7. Development of professional, managerial class: Professional management is also educated of the benefits it can get by fulfilling its social responsibility. Professional managers are more interested in satisfying a multiple group of interest groups in society for running their enterprises successfully than attaining goal of profit maximization onlyRead more on Sarthaks.com - https://www.sarthaks.com/100765/explain-the-reality-of-social-responsibility | |
| 1353. |
Commercial /economic activities will be |
| Answer» | |
| 1354. |
Difference between private limited and public limiter |
|||
| Answer» | BASIS FOR COMPARISON | PUBLIC COMPANY | PRIVATE COMPANY | \t\t\tMeaningA public company is a company which is owned and traded publiclyA private company is a company which is owned and traded privately.Minimum members72Maximum membersUnlimited200Minimum Directors32SuffixLimitedPrivate LimitedStart of businessAfter receiving certificate of incorporation and certificate of commencement of business.After receiving certificate of incorporation.\t|
|---|---|---|---|---|
| 1355. |
Explain in brief the role of small business in India |
| Answer» The role of small business in India are as follows:\tMajor portion in industrial units : About 95% of the industrial units in the country consists of small industries and 40% of the total industrial output is contributed by these industries. 45% of the total exports (direct and indirect) from India are contributed by them.\tLow cost of production : The cost of production in these industries is very low. Because of low overhead expenses, both -establishment and running costs are low.\tQuick decisions : Small size of the organisations enables the business firms to take quick and timely decisions and to capture new business opportunities at the right time.\tGood personal relations : Inherent strengths like adaptability and personal touch enables the small scale industries to maintain good personal relations with both the customers and the employees.\tSimple and flexible production techniques : Simple and flexible production techniques are used by these enterprises which make them very much suitable for customized production, which means designing a product according to the tastes, preferences and requirements of the customers.\tSecond largest employment provider : After agriculture, these industries are the second largest provider of employment in India. As compared to large industries, they generate more number of employment opportunities per unit of capital invested. Hence, these industries are a boon for an overpopulated country like India. | |
| 1356. |
What do you mean by warehousing? |
|
Answer» A warehouse is a commercial building for storage of goods. These are used by manufactures, importers, exporters, wholesalers, etc. Usually they are the large buildings located in industrial areas of cities and towns. Warehouses help the businessmen to keep their stocks in safe custody during dull season. In this way, they have created the time utility.Numerous of functions are performed by warehouses. Such as(i) Consolidation The warehouse receives and consolidates materials/goods from different production plants and dispatches the same to a particular customer on a single transportation shipment.(ii) Break the Bulk The warehouse divides the bulk quantity of goods received from the production plants into smaller quantities to be transported according to the requirements of clients to their places of business.(iii) Stock Piling Goods or raw materials which are not required immediately for sale or manufacturing are stored in warehouse to be made available to business depending on customers demand.(iv) Value Added Services Provision of value added services such as in transit mixing, packaging and labelling is also a function of modern warehousing. Sometimes goods need to he opened and repackaged and labelled again at the time of inspection by prospective buyers.Another function of modem warehouses is to grade goods according to quantity and divide goods in smaller lots.(v) Price Stabilisation Warehousing performs the function of stabilising prices-by adjusting the supply of goods according to demand. Thus, prices are controlled from falling when supply is increasing and demand is slack and from rising in the reverse situation.(vi) Financing Warehouse owners provide loans to the owners on security of goods and furthersupply goods on credit terms to customers. Warehousing is a usually there is a time gap between production of goods and their ultimate consumpt. |
|
| 1357. |
Ethical business is a good business |
| Answer» | |
| 1358. |
What is the difference between owner fund and borrowed fund |
| Answer» \tPoints of differencesOwner’s CapitalBorrowed FundsMeaningThe fund invested by the owner as well as an accumulated profit of the business is known as the owner’s fund.Any loan or credit taken by the business unit from other financial institutions is called a borrowed fund.Time periodThe owner’s contribution to capital is permanent in nature.It is fixed according to time limit i.e. borrowed for 6 months, 1 year or more.Sources of FundsShare capital retained earning: Global Depository Receipt, An American depositary receipt.Trade credit, Debentures, Public deposits, The loan from commercial banksReturn policy\xa0There is no right of the owner to get a regular return.\xa0Borrowed fund holder has a right to get a regular return.Risk\xa0Owner fund security holder has a primary risk.Borrowed fund holders bear no risk.\xa0Control\xa0The owner is having a full right to control all business activities.\xa0Borrowed fund security holder has no right to control the business activities.\xa0Security\xa0The owner’s fund needs no security.Generally, business units get a loan or borrow money against the security of assets.\t | |
| 1359. |
I am not able to get chapter 7 formation of a company |
|
Answer» Thx alot In chapter 2 all topics are covered |
|
| 1360. |
Definition of perpetual succession |
| Answer» | |
| 1361. |
How to learn about case studies |
| Answer» | |
| 1362. |
How to open an email account |
| Answer» | |
| 1363. |
Project on source of finance |
| Answer» | |
| 1364. |
Define knowledge process outsourcing(KPO)? |
|
Answer» OK thank you What is KPO It refers to obtaining high-end knowledge work from outside the organization in order to run the business successfully and in cost effective manner |
|
| 1365. |
What factor influence the working capital need in a business ? |
| Answer» | |
| 1366. |
What is E-BOOK reading |
| Answer» | |
| 1367. |
Which software can help in overcoming transaction risk |
| Answer» | |
| 1368. |
Name the process by which the shares of a company are allowed to be traded on stock exchangr |
| Answer» I guess its application to stock exchange | |
| 1369. |
Small is big in rural gig explain |
| Answer» | |
| 1370. |
What is flowing Back of profit |
| Answer» | |
| 1371. |
Give the explanation about what is Rajeshwari mahila bhima kalana yojana |
| Answer» | |
| 1372. |
Bill of exchange is an instrument of______A. ICD B. Trade credit C. Loan D.none |
| Answer» trade cr. | |
| 1373. |
What are the features of business finance |
| Answer» 1. Business activities are not possible without finance. Financing is an essential business activity.2. All business enterprises whether large or small need finance.3. Small sized business enterprises need lesser funds, whereas large sized business houses need more funds.4. Business finance includes borrowed funds and owned capital.5. Business finance is a wider term. It is concerned with planning, acquiring, utilizing and managing funds. | |
| 1374. |
What are the features of long term finance |
| Answer» 1. Finance required for a period more than 5 years is known as long-term finance. According to certain authorities finance for a period exceeding ten years is known as long-term finance.2. Long-term finance is required for making investment in fixed assets, such as land, building, plant, machinery, vehicles equipments, furniture etc.3. Long-term finance meets long-term financial needs of the business. These needs are permanent needs of the business.4. Fixed assets purchased out of long-term finance are revenue generating.5. Long-term finance once invested in the business cannot be taken back without dissolving the business or scaling down the business.6. Long-term finance is acquired through issue of shares, debentures or loan from specialized financial institutions. | |
| 1375. |
What are the features of medium term finance |
| Answer» | |
| 1376. |
What are the features of short term finance |
| Answer» | |
| 1377. |
Explain why can be a mail order house be successful |
| Answer» because of upgradation of technology that\'s why this may succesful. | |
| 1378. |
Project on import/export procedure |
| Answer» | |
| 1379. |
Project visit to a mall no. Of floors |
| Answer» | |
| 1380. |
Project visit to a mall |
| Answer» | |
| 1381. |
Difference between partnership and employment |
|
Answer» Partnership states for the member of the business whereas employement stand for doing job partnership is a business whereas employment is not an business it\'s like a job |
|
| 1382. |
Which shares is suitable for bakery firm |
| Answer» equity | |
| 1383. |
Evaluate the need for outsourcing and discuss it\'s limitations |
| Answer» The need for outsourcing can be understood by the following pointsoFocus on core activities – Outsourcing allows companies to focus on core activities that are core to the companies and important for the company, rest all the activities can be outsourced to other third-party service providersoCost reduction - To remain competitive, cost-cutting is important, many companies outsource their manufacturing to the developing and underdeveloped where labour is available cheap to cut down the production cost.oGrowth through alliances- Companies outsource some of the activities of other organisations and use there expertise and alliance, by this company also don’t need to make any investment and get access to their knowledge and skills.oStimulate economic development – Outsourcing provides an opportunity for entrepreneurs to start a new business which boosts the economy and provide employment to other people.• Limitations of the outsourcing are mentioned belowoConfidentiality – You need to share a lot of vital and important information to the service providers and they have information about your business process. If the outsourcing partner does not preserve the information properly, it can be outsourced to the other business partner and can harm business.oEthical concern – for cost-cutting companies outsource the production and manufacturing to developing or underdeveloped countries, where child labour are used, work condition ate good and gender-based wages discrimination, which is not ethical as indirectly companies are using child labour for cost-cutting.oResentment in the country – when one company outsource its activity of another country from where they can get these services cheaper, it causes resentment in the home country as the job of home country people are outsourced to the other country. | |
| 1384. |
Types of company and their features |
|
Answer» \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.\t Company has for types |
|
| 1385. |
\'Dealing in local currency \' is it the advantage or disadvantage of internal trade |
| Answer» Advantages1. There are no problems related to tariffs and exchange rates.2. Shipping costs may not be there at all, or may be very low.3. It helps to create more jobs within the country.4. It facilitates the exchange of goods within the country.5. It helps in the growth of the economy.6. It helps to improve the standard of living of the people.7. It ensures the availability of raw materials and helps in the growth of an industry.8. It also helps in foreign trade because the traders from other countries contact the internal traders to get the products.Disadvantages1. A large amount of capital is required to start and run the trade.2. It may not be possible to obtain professional management due to lack of funds.3. Lack of resources or funds can restrict the growth of business. | |
| 1386. |
What do you mean by social responsibility of business |
| Answer» Obligations towards society | |
| 1387. |
What is intellectual property right |
| Answer» | |
| 1388. |
Explain the marits and advantage of joint stock company ? |
| Answer» | |
| 1389. |
What are economies of scale |
| Answer» Economic of scale discribe as“the cost advantages that enterprises obtain due to their scale of operation with cost per unit of output decreasing with increasing scale.” | |
| 1390. |
Describe the drawback of outsourcing? |
| Answer» \tLess secrecy : When an organisation outsources human resources, payout and recruitment services, it involves a risk of exposing confidential company information to a third party.\tQuality service : Unless a contract specifically identifies the measurable process of quality service reporting, there could be a poor service quality experience. Some contracts are written intentionally to leave service levels out to save on costs.\tLack of customer focus : An outsourced vendor may be catering to the expertise needs of multiple organisations at a time. In such situations, vendors may lack complete focus on your organisation’s tasks.\tHidden cost : Although outsourcing most of the times is economical in nature, at times hidden costs are involved in signing a contract. Signing a contract across international boundaries may pose a serious threat.\tPublic opinion: There can be negative perceptions regarding outsourcing and sympathy for lost jobs. This needs to be managed with sensitivity and grace. | |
| 1391. |
Active partner advantage |
| Answer» He participates in the management of the firm | |
| 1392. |
mid map of small business |
| Answer» | |
| 1393. |
Enumerate limitations of contract manufacturing? |
| Answer» | |
| 1394. |
Explain the function of commercial banks.write with an example? |
| Answer» Commercial bank provide foreign currency loan for business all over the world | |
| 1395. |
Explain the term“primary industry”giving any two examples. |
| Answer» The industry which includes the extraction of Minerals from natural resources anf production of living species.Eg-rearing, mining | |
| 1396. |
What is the history of trade and commerce in india? |
| Answer» | |
| 1397. |
Define Entrepreneorship development and characteristics of entrepreneorship |
| Answer» An entrepreneur is a person who undertakes a venture with some profit potential and involving a considerable amount of risk and therefore, entrepreneurship is the venture undertaken by the entrepreneur. The most obvious example of entrepreneurship is the starting of a new business.Characteristics of EntrepreneurshipWhile there can be as many characteristics of entrepreneurship as there are people in this world with opinions, there are some characteristics that are considered indispensable or necessary in an entrepreneur. These are listed here as follows.Ability to take RisksThis is the first and foremost trait of entrepreneurship. Starting any business involves a considerable amount of risk of failure. Therefore, the courage and capacity to take the said risk are essential for an entrepreneur.InnovationIn a world, where almost everything has been done, innovation is a priceless gift to have. Innovation basically means generating a new idea with which you can start a business and achieve a substantial amount of profits. Innovation can be in the form of a product, i.e., launching a product that no one is selling in the market. It can also be in the form of process, i.e., doing the same work in a more efficient and economical way. | |
| 1398. |
Name any two parties authorised to sign a statutory declaration |
| Answer» | |
| 1399. |
RBI has been set up as which types of public enterprises |
| Answer» Statutory Corporation | |
| 1400. |
write a detailed note on business and environment protection |
| Answer» | |