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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.
| 1501. |
Explain the procedure for the formation of a private limited company? |
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| 1502. |
What is gst? Why we need gst?situation before and after gst ? How it ompact on cpmmon man |
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| 1503. |
define social and economic objective of business |
| Answer» The social objectives of a business may be summarised as follows :1. Production of quality goods : The objective of business is not only to provide goods to the society but also to provide goods and services of high quality. The business should also try to improve the quality of goods and services continuously. A businessman may earn good profit by selling adulterated goods. But he cannot carry on his business for a long time like this as adulterated goods may harm customers and his business in the long run.\xa02. To charge fair prices : The social objective of business is not only to provide quality goods to thesociety but also at reasonable prices. Undue profits earned by increasing the prices of the goods may not last long.3. To provide employment : The social objective of business is also to provide employment to the society. With the development of business, the need for employees arises. Thus, the business needs the services of good employees. So, the business provides employment to the society.\xa04. To provide regular and fair returns to investors : It is also a social objective of business to provide regular and fair returns to investors. Investors invest money and bear risk. So, the investors must be suitably rewarded.5. To promote the progress of the society : Business is a part of the society. The society provides regular market for goods and services of the business apart from factors of production. The progress of the business is linked with the progress of the society.6. To pay\xa0taxes on time to the government.\xa0Economic objective of business:1. A business is set up with the intention of earning an income and profits. Without profits, people are not inspired to set up business.2. Customer creation: No business can be set up or flourish with out customers. With suffiicient customers, businesses can earn profits.3. Innovation: A business can survive only by designing new techniques using innovation. By providing good quality products and services to customers, a business can flourish.\xa0\xa0 | |
| 1504. |
Relaince is a company , mms or joint stock company |
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Answer» joint stock company Relaince is a joint stock company. |
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| 1505. |
explain the classification on the basis of duration\xa0 |
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| 1506. |
What is business?\xa0 |
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| 1507. |
How to study business |
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| 1508. |
What are retained earnings? |
| Answer» Retained earnings\xa0refer to the percentage of net\xa0earnings\xa0not paid out as dividends, but\xa0retained\xa0by the company to be reinvested in its core business, or to pay debt. It is recorded under shareholders\' equity on the balance sheet. | |
| 1509. |
Now according to which company act we study business studies |
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| 1510. |
How many Types of company |
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| 1511. |
India is a mixed economy. Explain with suitable examples |
| Answer» A mixed economy is d one in which both the sectors that is public as well as private sectors are allowed to work.In India both the sectors work together.example is the P3 model or the public private partnership.You can study P3 model from any bst refresher | |
| 1512. |
What in business |
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| 1513. |
If the wholesaler is eliminated what difficulties do you think the manufacturer will have to face |
| Answer» If so happens then there will be no one to purchase goods from the manufacturer in bulk because the consumers nd retailers will purchase the goods only in a limited manner.Therefore it will result in loss to the manufacturer. | |
| 1514. |
Define outsourcing and its type? |
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| 1515. |
Is entrepreneur also a businessman |
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| 1516. |
Business study is very hard subjecr |
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| 1517. |
What is a statutory corporation |
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| 1518. |
How is a company incotporated ?Give different stages of company promotion. |
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| 1519. |
What is departmental store |
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| 1520. |
What are merits ,limitation,of partnership |
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| 1521. |
Doctrine of ultra vires |
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| 1522. |
What are trans national Corporations? How they affect the economy ? |
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| 1523. |
Global enterprise is profitable to india or less profitable |
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| 1524. |
What is suitability of DEPARTMENTAL UNDERTAKING ? |
| Answer» Departmental organisation does not fulfill the requirements of autonomy, flex\xadibility and initiative that are so essential for a successful business undertaking. However, it is very suitable in the following cases.1. Where utmost secrecy is required, e.g., defence production and atomic energy.2. Where absolute government control over strategic industries is necessary, e.g., broadcast\xading, telecommunications, public utilities, etc. 3. Where economic control is necessary, e.g. state trading in essential commodities and rationing; 4. Where the private sector is unable to enter due to huge capital investment, e.g., ship\xadbuilding, aircraft manufacture, iron and steel, etc; and5. Where the undertaking is to be used as a source of revenue, e.g., Indian Railways. 10.8 Public Corporations | |
| 1525. |
What is insurance?? |
| Answer» | |
| 1526. |
what is private sector? |
| Answer» The sector which is owned ,managed and controlled by individual or group of individuals | |
| 1527. |
What is indemnity? |
| Answer» Indemnity is the "security against the loss " .Here security means compensation . INDEMNITY is the principle of insurance services regarding goods and services | |
| 1528. |
Name the enterprise involving single ownership |
| Answer» Sole proprietorship | |
| 1529. |
In class 11 where is chapter 7 formation of a company revision notes? |
| Answer» | |
| 1530. |
Explain concepts of public and private sector |
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| 1531. |
Define certificate of commesment |
| Answer» There are certain rules and regulations you need to follow while establishing anything and everything. These rules and regulations help you form a strong base for your work. These rules are especially mandatory when dealing with any legal venture. Similarly, when you set up your business, you need to follow certain rules and regulations, prescribed by the Government. It gives your entity a legal identity as well as provides you with other benefits. Obtaining Certificate of Commencement of Business is one of the steps you need to follow between registering and running your business. It was a mandatory step until Companies Act, 2015 was introduced. The Act has now removed the previous compulsion of having this certificate. Now, it depends on you whether to obtain one or not. Howsoever, discussed below is what is a certificate of commencement of business.The certificate of commencement of business was a mandatory step under Companies Act, 2013. It was mandatory for public companies with share capital. The certificate is issued by the registrar of joint stock companies.The certificate of commencement of business was important because only after obtaining the certificate were you allowed to start any business related activities. Before that, you were not allowed to exercise any kind of powers or benefits which come along with company registration. | |
| 1532. |
what is a departmental undertaking |
| Answer» All work are under by government | |
| 1533. |
What is credit card |
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| 1534. |
Explain the concepts of business? And the different type of company? |
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| 1535. |
what is hindrance |
| Answer» It means obstacles. | |
| 1536. |
Define commerce |
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Answer» Commerce includes trade & auxiliaries to trade It means distribution of goods and services |
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| 1537. |
Soleprpperitor |
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| 1538. |
What do we mean economic activity |
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Answer» All those activities which are related to money with a motive of profit earning but activities are legal is known as economic activities The activities which help us to earn a livelihood or simply help us earning money are called economic activities.example,business |
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| 1539. |
Which type of company has the restricted shares |
| Answer» Govt company | |
| 1540. |
What is the aim of cooperative society |
| Answer» Welfare of the consumers | |
| 1541. |
what is term given to debentureholder to using the funds |
| Answer» Its debentures only... | |
| 1542. |
Term referring physical arrangement of machine and equipments for manufacturing |
| Answer» Plant layout | |
| 1543. |
Notes for chapter 7 formation of a company |
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| 1544. |
What is MoU? |
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| 1545. |
What is a company |
| Answer» a commercial business\xa0 | |
| 1546. |
What are business ethics |
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| 1547. |
What is statutory corporation |
| Answer» Statutory corporation are public enterprises that are bought into existence by special act of parliament. The act defines its power and functions. | |
| 1548. |
A sussfull implemention of e.business requires some facility |
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| 1549. |
What are the steps of formation of company of private limited company |
| Answer» 1.Promotion 2. incorporation 3. Subscription of capital 4. Commencement of business | |
| 1550. |
What is economic activites |
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