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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.
| 1701. |
Name the act which governed the activity of HUF bussiness |
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| 1702. |
The word business has been derived from ..? |
| Answer» the word "busy" | |
| 1703. |
What do u mean by economic scale |
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| 1704. |
Say about commercial bank |
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| 1705. |
Maximum partners to allowed to form a partnership firm |
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| 1706. |
What is services providing by wholesaler to manufactures? |
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| 1707. |
CH _4 business services , how many types of principal and explain it one wise one |
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| 1708. |
What is memorandum of association and article of association |
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| 1709. |
Services to wholesaler |
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| 1710. |
objective of buseness |
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| 1711. |
Name the document containing guarantee of a bank to honour drafts drawn on it by an exporter\'s bank |
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| 1712. |
What do you understand by swot analysis and its methods and importance |
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| 1713. |
What is world trade organisation |
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| 1714. |
nature of business finance |
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| 1715. |
Tertiary industry which remains hindrance of knowledge |
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| 1716. |
Name the source of finance which involves no cost |
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| 1717. |
What is preference shares |
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Answer» Not a complete answer These are the shares which get preference over equity share in respect to payment of dividend |
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| 1718. |
What is share? |
| Answer» Share is a type of certificate which shows that the person who holds it is the owner of the company. We can also say that it is a type of ownership certificate. | |
| 1719. |
Plzz can Any1 tell me.. Important 6 marks questions from chapter 1 to 8 |
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Answer» Case studies and hots are given in back of every chapter so I think u should learn those. You must clear yr doubts frm all ch bz case study will come in max. Mrks as compare t theory. So l want to ask u that you must read all ch\'s with full understanding.Good luck 4exams???☺ Role of small scale business,diff. b/w equity and preference shares, diff. b/w shares and debentures,procedure of import and export,diff b/w retailer and wholesaler.They are V Imp. Q for exam... You should select the main points and more focusing topics in all chapters.and that will become important long question? |
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| 1720. |
What is equity shares |
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Answer» It refers to those shares which do not carry any preferencial right in the payment of annual dividend and repayment of capital in the event of liquidation. Equity shares represent the ownership of a company. They have right to vote and right to participate in the management. |
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| 1721. |
Where is world bank |
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Answer» USA America |
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| 1722. |
What is BIFR? |
| Answer» Board for Industrial and Financial Reconstruction | |
| 1723. |
What do you mean by warehousing |
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| 1724. |
What are the different parameters used to measure the size of business |
| Answer» Several parameters used to measure the size of business are:1. Number of persons employed in business. 2. Capital invested in business. 3. Volume of output or values of output of business. 4. Power consumed for business activities. | |
| 1725. |
In small business online test they asked only 2-3 page |
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| 1726. |
Which field is more comfortable for commerce students? |
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| 1727. |
Haw many fildes in commerce? |
| Answer» MaaaaanyCA,CS,ICWA, | |
| 1728. |
Explain the legal position of sole trader . |
| Answer» 1)The sole trading business can be started and dissolved at the discretion of the sole trader because no legal formalities are required for its set up.2)As there is no separate statute which governs the sole trading business, these are subject to the general laws of the land.3)The sole trading business exist with the sole trader as the sole trader and the business denote same thing and one.4)The liability of the sole trader is unlimited and as such no distinction can be made between business and private assets, business and private loans at the time of winding up. | |
| 1729. |
What are merits and demerits of sole trade |
| Answer» Merits of sole trader are Quick and prompt decision can be taken by individual .It is easy to form .Effective control.Secrecy can be maintained.Direct contact with customers.Demerits of sole trader are Unlimited liability.Limited resources like capital.Limited managerial skills.Not suitable for large organisations. | |
| 1730. |
Question and answer or history of trade and commerce |
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| 1731. |
Define sole proprietorship and explain its five demerits |
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| 1732. |
Explain the types of partners |
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Answer» 1st active partnership Types of Partners in a Partnership\tWorking Partner\tA Working Partner is one who contributes capital to the\xa0business\xa0and takes active part in its management. Hence, he is called active partner.\tSleeping Partner\tA Sleeping Partner is one who contributes only capital to the business, but does not take part in its management. He is also called dormant partner or financing partner.\tNominal Partner\tA Nominal Partner does not contribute capital. Neither does he take active part in the management. His contribution in a partnership is limited to allowing the other partners to make use of his name.\tPartner by Estoppel\tPartner by Estoppel is not a partner of the firm but by his words and conduct he leads the outsiders to believe that he is also a partner of the firm. Usually this arises, when the outgoing partner fails to give notice about his retirement.\tLimited Partner\tIn foreign countries like U.K., the law of the land permits the admission of partners with limited liability. But in India, no one can be a limited partner. There is only one exception. The liability of a minor admitted for the benefits of partnership is limited to the extent of his capital contribution.\tSecret Partner\tA Secret Partner is actually a partner of the firm. But he does not hold out to the public as a partner of the firm but keeps his existence as secret. His liability is also unlimited.\tPartner by Holding Out\tThough a Partner by Holding Out is not a partner, he knowingly permits himself to be a partner of the firm by his activities.\tSub – Partner\tA Sub-Partner has no direct contact with the firm. He is only next to a partner.\tPartner in Profit\tA Partner in Profit becomes a partner whenever the firm earns profit. His liability is also unlimited. |
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| 1733. |
What is the difference between tertiary industry and auxixliaries to trade |
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Answer» Tertiary industry are the service industry which provides people to get employed and it includes banking ,insurance etc .In auxiliary to trade are buying and selling of goods it includes warehousing, transportation etc. Tertiary industries are concerned with the firms that provides all kinds to services including consumer services, transportation for people, banking etc. But,\xa0Auxiliaries to trade are the activities that facilitate the trading process only. There are various auxiliaries to trade like banking and finance, advertising, warehousing etc.Therefore, tertiary industries are wider in scope than auxiliaries to trade and they cover all auxiliaries to trade.
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| 1734. |
What is meant by prospectus |
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Answer» it is a notice and circular or a document of a company informing the public about new issue of shares objective and subjective risk factors directors location date of issue except to the public it is an invitation to the public to apply for shares it is mandatory for a public company to issue of prospectus a private company need not issue prospectus Prospectus is a kind of brochure or document clearly specifying the aims, objectives rules regulations and other necessary information of the business |
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| 1735. |
Discuss whether the sole propritorship involves lengthy and expensive procedures for its formation |
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| 1736. |
Case studies related to chapter 3 |
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| 1737. |
How many members can be alloted in a partnership deed |
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Answer» Min-2, max-50 minimum 2 and maximum 20 in ordinary and 10 in banking business |
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| 1738. |
What is the peculiar feature of construction industries |
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| 1739. |
Some important questions of chapter 6 please |
| Answer» That chapter doesn\'t matter in First term It is not in syllabus | |
| 1740. |
How does a cooperative society exemplify democracy and secularism |
| Answer» Through its merits *Equal voting status | |
| 1741. |
Why is business considered as economic activity |
| Answer» The business is considered as an economic activity because of the following reasons :- A) profit motive B) Geation of utility C) Exchange of goods and services. | |
| 1742. |
What do you mean by e-commers |
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Answer» Sorry book is not involve E-book commerce is an electronic system of dealing in all the commercial activities which can be done through the medium of internet |
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| 1743. |
Service are inconsistent while goods are not .do you agree .why |
| Answer» Yes | |
| 1744. |
Types of business |
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| 1745. |
define of partnership |
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Answer» The Indian partnership act 1932 defines partnership as a relation between two or more persons who have agreedto share profits by running a business which is carried by all or any one of then acting for all It is a relation between 2 or more persons that have agreed to share profits as well as losses Partnership is the relation between persons who have agreed to share the profit of a business carried on by all or any one of them acting for all |
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| 1746. |
What are the requirements for implementation for e-commerce |
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| 1747. |
Explain the concept and benefit in e-commerce |
| Answer» E-Commerce Refer to the buying and selling of goods or service using the internet and the transfer of money and data to execute this transaction | |
| 1748. |
What is indigenous banking system? |
| Answer» In economics life of India the indigenous bankers have been playing a significant role . When commercial banking had not developed, they were the main source of finance for agriculturists, traders, businessmen, small industrialists, etc.The activities of indigenous bankers was getting low but their importantance not. After nationalisation of commercial banks and the spread of banking in urban and rural areas, because the borrowers still facing problems to getting loans from the bank.Indigeneous bankers doesn\'t have fixed hours and paper formalities that\'s why the borrowers approach them directly and informally and get loans promptly and easily. They are very popular with traders, businessmen, agriculturists, and ordinary people.\xa0Indigenous bankers provide finance and remittance facilities to traders and small industrialists by advancing loans; writing, buying and selling hundis; writing finance bills and trade bills. Thus they help not only in financing internal trade but also in expanding it.indigenous bankers combine banking with trading and agriculture help the farmers to raise production of crops. paying them in cash with no waste of time, and also giving them loans.The indigenous bankers act as commission agents when they purchase agricultural products on behalf of firms, mills, and trading houses. In this way, they again help in the development of internal trade.\xa0They now provide long-term credit to companies by subscribing to their shares and debentures. | |
| 1749. |
Difference between Consumer cooperative Society and producer cooperative society |
| Answer» Consumers’ Cooperative Society –\xa0Consumers’ cooperatives are created by the consumers to get there on daily basis requirements at evenhanded prices. Such a society buys goods directly from manufacturers and wholesalers to get rid of the profits of middlemen.\tNature of Business: Purchasers or consumers of the different products establish these organizations.\tObjective: To supply the necessary goods at a reasonable price is the main objective.\tFields: It’s very much suitable to provide daily necessary goods to the huge consumers who live the same locality.\tFunctions: Products distribution is the main function among the members.\tAdvantages: It ensures large scale of purchases.Producers’ Cooperative Society –\xa0Producers or industrial cooperatives are voluntary associations of little producers and artisans who join hands to face opposition and augment production.\tNature of Business: It is built by the collection of same products producers.\tObjective: To protect the producer’s right in the way of producing the products regularly with the proper distribution.\tFields: Generally their activities are surrounded in the field of small and cottage industries.\tFunctions: It’s restated to the productions activities.\tAdvantages: It ensures large scale productions. | |
| 1750. |
What is statuary corporations? |
| Answer» It is a body corporate formed by a special act of parliament or by the Central or state legislature and also financed by the government.....For ex LIC,indian airlines.. | |