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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.
| 1751. |
What is enterprenership |
| Answer» The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation\'s ability to succeed in an ever changing and increasingly competitive global marketplace. | |
| 1752. |
What is Employment ? Give Its Five features ? |
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| 1753. |
Wha is Employment |
| Answer» Employment is a occupation in which people work for others and get remunerated in return | |
| 1754. |
Which is best reference for business studies |
| Answer» Ncert itself is the best | |
| 1755. |
What is the role of underwrites in the capital subscription stage of public limitedcompany? |
| Answer» When the minimum subscription stage is not completed by any company means 90 % of shares are not bought then in such case underwriters are appointed they buy the remaining shares and are paid commission for such act | |
| 1756. |
Contract R&D means in emerging modes of business |
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| 1757. |
Hi guys I m faraz |
| Answer» | |
| 1758. |
What is sleeping partner? |
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Answer» Sleeping partner is the one who have invested the money but do not take active part in business activities A sleeping partner is one who does not take part in the day to day activities of the business. |
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| 1759. |
What do you mean by disinvestment in public sector enterprises |
| Answer» It refers to sale of equity shares of public sector units to private sector and public | |
| 1760. |
Meaning of Red tapism |
| Answer» | |
| 1761. |
Write 5 merits and demerits of global Enterprises with proper subheadings and explanation |
| Answer» Merits are advanced technology, large capital ,centrelised control , foreign collaborations | |
| 1762. |
What are the principal of insurance |
| Answer» 1.Utmost good faith: It is the duty of the applicant to disclose all the material facts relating to risk to be covered. A material fact refers to the fact which would influence the mind of a prudent underwriter in deciding whether to accept a risk for insurance and on what terms.2.Indemnity: The purpose of insurance is to restore the insured person to approximately the same financial position that existed prior to the loss. The losses paid here would be approximately the same and the reason for this is to prevent the insured from profiting from insurance to reduce moral hazards. Indemnity can be defined as the compensation of loss or injury sustained.3.Mitigation : It is the duty Of the insured to take reasonable steps to minimize the loss or damage to the insured property. If reasonable care is not taken like any prudent person then the claim from the insurance company may be lost.4.Subrogation : Subrogation refers to transfer of rights and remedies for the insured to the insurerwho has indemnified the insured in respect of the loss.5.Insurable interest : The person getting an insurance policy must have an insurable interest in the property or life insured. A person is said to have an insurable interest in the property if he is benefited by its existence and prejudiced by its destruction. Without insurable interest, the insurance contract is void.6.Contribution: The principle of contribution allows the insurer the right to call on other insurers liable for the cost to share the claim payment.7.Proximate cause : An insurer will only be liable to pay a claim under an insurance contract if the loss which gives rise to the claim was proximately caused by an insured peril. This means that the loss must be directly attributed to an insured peril without any break in the chain of causation. | |
| 1763. |
Difference between Life insurance marine insurance and fire insurance |
| Answer» In life insurance principal of indemnity is not follow | |
| 1764. |
What is shares |
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| 1765. |
Benefits of e business |
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Answer» 1) low cost and ease of formation2) convenience3) speed4) global reach5) movement towards paperless society 1.Easy to form2.No need for shop3. Direct contact with buyer and seller4.Global reach 5.Speed6.Convience |
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| 1766. |
What is the full form of GDR and ADR? |
| Answer» ADR: American Depository Receipt : ADR is a negotiable instrument issued by a US bank, representing non-US company stock, trading in the US stock exchange.GDR: Global Depository Receipt : GDR is a negotiable instrument issued by the international depository bank, representing foreign company\'s stock trading globally. | |
| 1767. |
Mid term syllabus of business studies |
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Answer» Chapter 1,2,3,4,5 is the mid term syllabus. Chapter 1 ,2 ,3 ,4 |
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| 1768. |
Define government compny |
| Answer» Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government. These are many government companies, few of them are, Steel Authority of India Limited, Bharat Heavy Electricals Limited, Coal India Limited, State Trading Corporation of India, etc. | |
| 1769. |
Define the terms of bank? |
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| 1770. |
What is insurable interest ? |
| Answer» When we take insurance policy from insurance company , then we have insurable interest on subject matter. For example : a person take life insurance policy on his/her spouse and for his/her child not for stranger. | |
| 1771. |
What are features of business |
| Answer» Characteristics are the features which are necessary to classify the business. Therefore let’s have a look at them.Economic ActivityBusiness necessarily has to be an economic activity. But what exactly is an economic activity? Any activity that gives a monetary return is an economic activity. For example, if your friend’s father picks you up and drops you at college every day, he is doing this act out of kindness. But if he starts a transportation service of picking up and dropping by charging money then it’s an economic activity.Production or Trading of Good or Services for SaleIf a business plans on selling a product, it has to either manufacture that product or purchase it and add a profit margin to it and sell it further. Business is interested in every activity that is concerned with the production or purchase of goods for selling, this makes it one of the most important characteristics of a business. Services for sale include transportation, housekeeping, and security. Whereas, goods are mostly consumable items.Sale or Exchange of Goods and ServicesThe third and crucial one of the characteristics of business after production or procurement is to sell that product for the money. The way to sell a product or service is by launching it in the market or to offer it for sale. A sale or exchange must take place between the seller and the buyer.Regularity in DealingsBusiness is a repeatable economic activity that generates money. For example, if you sell your old bike and it generates money. Also, it’s an economic activity but is you doing this on a regular basis? No. As it has no regularity in it, it cannot be accepted as a business activity. Similarly, there is a dealer who deals in the purchase and sells of second-hand bikes. For him, it’s a business activity as there is a regularity in his dealing. A single transaction of purchase or sale cannot be classified as a business.Profit EarningThe sole purpose of business is the maximization of profit. It steps into the market with the main objective of earning a profit. For the survival of business in a market, generating profit is extremely necessary. If a business can’t produce profit, it is expected of it to go downhill financially. Therefore the businessman does all the possible tricks to maximize its profits by increasing the volume of sales or decreasing the costsRisk FactorIt is well known “Higher the risks, higher the return”. Business attracts risk. While initiating business it is not guaranteed 100% that the business will be successful. There is an anticipation that there might be demand for its product or service in the market. But the market is always dwindling the subject to risk. The business may even earn profit but the amount of profit earned may vary.Uncertainty of ReturnsBusinessmen invest huge capital in their activities to sustain and extract profit from the business. As we discussed the risk above, it is very uncertain as to what amount the profit will be earned. Often there are situations where is no return of profit. There are always chances of losses in the business activities.Legal ActivityThe business has to be legal and lawful. Business is an extremely important activity for a country but it is not above the law. Every economic activity has to be within the limits of the law. The country’s legislation puts clauses on the functioning of the business to control its activities. | |
| 1772. |
what is specialised bank? how it is work ? |
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Answer» These banks are also known as foreign bank examples are bank of America Ritika Love u ? Hiii ritika, gaurav is right Specialised Banks\xa0These banks are formed to cater to specific needs of industries, export units. There are foreign exchange banks, industrial development bank, export-import banks etc. . . . . . , . |
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| 1773. |
DTh services are provided by |
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Answer» Cellular companies DTH services are provided by cellular companies. Hm DTH swrvices are provided by Cellular Companies |
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| 1774. |
What is aids to trade and it\'s causes |
| Answer» Aids to Trade are the activities which are necessary for smooth flow of goods from producers to consumers. These activities facilitate trade by removing various barriers in the buying and selling of goods.\xa0 | |
| 1775. |
In class 12 how many subjects marks add |
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| 1776. |
What is business services? |
| Answer» Those services which are used by business enterprises for the conduct of their activities are known as business services. | |
| 1777. |
Disinvestment of PSE \'s implies |
| Answer» It refers to sale of equity shares of public sector units to private sector and public | |
| 1778. |
What term is used for sale of shares to private /public sector? |
| Answer» Disinvestment. | |
| 1779. |
Is liability of sole proprietor limited or not? |
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Answer» Unlimited liability The sole-proprietor has unlimited liability. It means that personal property of owner can also be use to pay business liabilities,i f business property is not sufficient to meet the debts. So the owner is personally liable to pay business debts if these are not paid by business assets. Since there is no separation between the owner and the business, the\xa0liability\xa0of the owner is also unlimited. So if the business is unable to meet its own liabilities, it will fall upon the proprietor to pay them. All of his personal assets (like his car, house, other properties etc) may have to be sold to meet the liabilities of the business. Liability of sole proprietor is unlimited. |
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| 1780. |
What is perpetual succession? |
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Answer» "Perpetual Succession" in a company is best defined by this line -Members may come and go but the company goes on forever.It is one of the fundamentals of a company\'s existence. Perpetual succession means that a company\'s life is not determined by the longevity of its members, shareholders, promoters, directors, employees or anyone else. If a shareholder dies, or hypothetically, all the shareholders die, only their shares in the company will be transferred to new people. If even a key director resigns, she will be replaced but the company will continue on.\xa0 Perpetual succession means that members may come and go but company continues to operate. |
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| 1781. |
How so traders remove hindrance of persons? |
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Answer» According to the renowned personality James Stephenson, “commerce embraces all those activities which help to break file harriers between produces and consumers. It is the sum total of all those processes which are engaged in the removal of hindrance of person, place or time”.Following is the description how these hindrances get removed(i) Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade.(ii) Hindrance of place refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.(iii) Hindrance of time refers to the problem of existance of time gap between production and consumption of goods. This hindrance is solved by warehousing or storage. Traders act as link between consumers and producers. Traders remove hindrance of persons by making goods available to consumer from producers. |
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| 1782. |
What is prospectus |
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Answer» When a company wants to issue its share to public then the comapnay issues the prospectus. Its is a kind of a book in which all the details are written .it contains the MOA, AOA and all the details regarding the issue, how the money will be paid, the time of redumption( in case of preference and debentures) It refers to that document which contains all the relevant information to the issue and through which the company invites the public to apply for shares , debentures , etc . |
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| 1783. |
Why is insurance necessary for a businessman ? |
| Answer» Bcz it reduces the risk of business | |
| 1784. |
Write the name of form of business organizatio found only in India |
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Answer» JHFB The form of "business organization" which is only found in India is the "Joint Hindu Family". The "Joint Hindu Family" is controlled under "Hindu Law" instead of a partnership. In this firm, a member can acquire "membership only by birth" or "by marriage" to a male person who is "already a member" of the "Joint Hindu Family". The matters of a "Joint Hindu Family" are empowered and directed by one person who is known as "Karta" or "Manager". The \'Karta\' or \'Manager\' is the "senior most male member" of the family.\xa0 |
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| 1785. |
What are the maximum number of partners in case of partnership firm ? |
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Answer» Partnership Act has not prescribed any maximum limit on partners,but the companies Act has prescribed a limit of 10 persons if it is a banking business & 20 persons for other business. If the number exceeds these limits,then the business must be registered as joint stock company otherwise it will be illegal. 50 50 |
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| 1786. |
What is public sector enterprises |
| Answer» \tThe public sector consists of various organizations owned and managed by the government.\tThese organizations may be either partly or wholly owned by the central or state government.\tThe government can participate in economic activities through these enterprises of the country.\tThe forms of organization which a public enterprise may take are as follows:\tDepartmental undertakingStatutory corporationGovernment company\t\t | |
| 1787. |
What is private sector enterprises |
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Answer» What is joint sector entrrprises Thanks for answer The private sector consists of business owned by individuals or a group of individuals. The varios forms of organisation are- sole proprietorship, partnership, joint hindu family, cooperative and company. |
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| 1788. |
I have problem bs learning |
| Answer» | |
| 1789. |
Where is Ch - 7 Formation of a companyHere, ch - formation of a company is not available |
| Answer» | |
| 1790. |
Full form of RTGS |
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Answer» Hello girls Real time gross settlement |
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| 1791. |
How many types of industries |
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Answer» Three Three types of industry |
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| 1792. |
All questions with answer |
| Answer» You can check NCERT Solutions here :\xa0https://mycbseguide.com/ncert-solutions.html | |
| 1793. |
Which college is best for B.com |
| Answer» | |
| 1794. |
Two Example of economic activities and non economic activities. |
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Answer» E.g for economics:-a cloth shop,a transport company,,,,,,E.g for non economic:-social work, house cleaning Economic Activities -Economic activities which are undertaken by people with the main objective or aim of earning money. Ex- production and distribution of goods and services, working in an industry or factory. **Non-Activities -Non activities which are undertaken by people with a motive of getting psychological satisfaction. Ex- charity and donations, social services. Economic activities are that which is related to money like business and selleng or purchasing goods....and non economic activities will tell u on whats app 8630331164 |
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| 1795. |
Role of fininace and bank in business |
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| 1796. |
Why does every business enterprise aim at greater productivity? |
| Answer» because main aim is earning profit in business and increase business enterprise ..... | |
| 1797. |
What kind of little risk is present in profession (lawyer doctor etc.) ? |
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| 1798. |
Type of trade |
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| 1799. |
Retailers are the real promoters of product.do you agree? |
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| 1800. |
Write four characteristics of business |
| Answer» Profit earning.Dealing with good s and services.Production or exchange of goods and services.Bearning risks. | |