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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 2551. |
Full form of CFR |
| Answer» Cost and frieght | |
| 2552. |
Explain any four characteristics of business activity |
| Answer» | |
| 2553. |
What is meaning of unlimited liability ? |
| Answer» Unlimited liability, which typically exists in general partnerships and sole proprietorships, indicates that whatever debt accrues within a business – whether the company is unable to repay or defaults on its debt – each of the business’ owners is equally responsible and personal wealth could reasonably be seized to cover the balance owed.<br>Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can’t pay its liabilities. In other words, general partners and sole proprietors are responsible for paying off all of the company debts personally if the company can’t make its payments. | |
| 2554. |
What is meaning of secrecy ? |
| Answer» Secracy in business means keeping the business works secret to the external users of business<br>being secret or keeping something secret | |
| 2555. |
What is the meaning of equity share?? |
| Answer» Hii<br>Equity shares are the main source of finance of a firm. It is issued to the general public. | |
| 2556. |
What is the meaning of adr |
| Answer» Adr are american depository receipts which are offered only to the residents of america only . These are a type of shares through which funds are raised globally<br>These are the shares issued by the company for peoples of america only... | |
| 2557. |
What are the social objectives of business? |
| Answer» The social objectives of a business may be summarised as follows :\tProduction 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.\tTo charge fair prices : The social objective of business is not only to provide quality goods to the society but also at reasonable prices. Undue profits earned by increasing the prices of the goods may not last long.\tTo 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.\tTo 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.\tTo 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.\tSo, to promote the progress of the society has also become the objective of the business. | |
| 2558. |
What is the Purpose of business? |
| Answer» The main purpose of doing business is to earn profit through the production and sales of good and services and to provide satisfaction to consumers<br>First is that they earn profits and secondary is that to provide satisfaction to the society<br>To earn profit | |
| 2559. |
Life insurance is a contract of assurance. Explain. |
| Answer» | |
| 2560. |
Why there is a need of international business |
| Answer» Following are the main reasons behind international business.1.\xa0Unequal distribution of natural resources and differences in the productivity levels of the countries make them incapable of producing every good of their requirement.2.\xa0Labour productivity and production costs differ among nations due to socioeconomic, geographical and political reasons.3.\xa0The availability of different factors of production such as labour, capital and raw materials differ among nations. | |
| 2561. |
Write short note ATM |
| Answer» ATMs are electronic machines, which are operated by a customer himself to deposit or to withdraw cash from bank. For using an ATM, a customer has to obtain an ATM card from his bank. The\xa0ATM card\xa0is a plastic card, which is magnetically coded. It can be easily read by the machine.To operate an ATM card, the customer has to inset the card in the machine. He has to enter the pass word (number). If the authentication or pass word (number) is correct, the ATM permits a customer to make entries for withdrawal or for deposit. On completion of the transaction, the customer\'s card is ejected from the ATM.<font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">Advantages of Automated Teller Machines (ATMs)</font></font></font><hr style="border:0px none; margin:0px; padding:0px; color:#41484d; font-family:Arial, Tahoma, Verdana, Helvetica, sans-serif; font-size:12px; background-color:#ffffff" /><font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">1. ATM provides 24 hours service</font></font></font>ATMs provide service round the clock. The customer can withdraw cash upto a certain a limit during any time of the day or night.2. ATM gives convenience to bank\'s customers<hr style="border:0px none; margin:0px; padding:0px; color:#41484d; font-family:Arial, Tahoma, Verdana, Helvetica, sans-serif; font-size:12px; background-color:#ffffff" />ATMs provide convenience to the customers. Now-a-days, ATMs are located at convenient places, such as at the air ports, railway stations, etc. and not necessarily at the Bank\'s premises. It is to be noted that ATMs are installed off-site. (away from bank premises) as well as on site (installed within bank\'s premises). ATMs provide mobility in banking services for withdrawal.<hr style="border:0px none; margin:0px; padding:0px; color:#41484d; font-family:Arial, Tahoma, Verdana, Helvetica, sans-serif; font-size:12px; background-color:#ffffff" /><font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">3. ATM reduces the workload of bank\'s staff.</font></font></font><hr style="border:0px none; margin:0px; padding:0px; color:#41484d; font-family:Arial, Tahoma, Verdana, Helvetica, sans-serif; font-size:12px; background-color:#ffffff" />ATMs reduce the work pressure on bank\'s staff and avoids queues in bank premises.<font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">4. ATM provide service without any error</font></font></font>ATMs provide service without error. The customer can obtain exact amount. There is no human error as far as ATMs are concerned.<hr style="border:0px none; margin:0px; padding:0px; color:#41484d; font-family:Arial, Tahoma, Verdana, Helvetica, sans-serif; font-size:12px; background-color:#ffffff" /><font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">5. ATM is very beneficial for travellers</font></font></font>ATMs are of great help to travellers. They need not carry large amount of cash with them. They can withdraw cash from any city or state, across the country and even from outside the country with the help of ATM.<font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">6. ATM may give customers new currency notes</font></font></font>The customer also gets brand new currency notes from ATMs. In other words, customers do not get soiled notes from ATMs.<font color="#000"><font size="3"><font style="border: 0px none; margin: 0px; padding: 0px;">7. ATM provides privacy in banking transactions</font></font></font>Most of all, ATMs provide privacy in banking transactions of the customer. | |
| 2562. |
Discuss the silent aspects of B2C commerce |
| Answer» InB2C commerce one party is business and other is customer.On one hand a customer can seek information through internet about products ,place orders , get some items and make payments and on one hand a firm can make a survey any time to know who is buying and can also know the satisfaction level of customers. | |
| 2563. |
Sample paper of 2013-14 of early set 1 |
| Answer» | |
| 2564. |
Name the document which defines scope of operations of company |
| Answer» | |
| 2565. |
What are the types of patnership firm?? |
| Answer» | |
| 2566. |
Features of statutory operations |
| Answer» Features of Statutory Corporations:It is a corporate body: It is an artificial person created by law and is a legal entity. Such corporations are managed by Board of Directors constituted by Government. A corporation has a right to enter into contracts and can undertake any kind of business under its own name.Owned by state: State provides help to such corporations by subscribing the capital fully or wholly. It is fully owned by the state.Answerable to legislature: A statutory corporation is answerable either to Parliament Legislature or State Assembly whosoever creates it. Parliament has no right to interfere in the working of statutory corporations. It can only discuss policy matters and overall performance of corporation.Own staffing system: Employees are not government servants, even though government owns and manages a corporation. Employees of various corporations receive balanced or uniform pay and benefits by the government. They are recruited, remunerated and governed as per the rules laid down by the corporation.Financial independence: A statutory corporation enjoys financial autonomy or independence. It is not subject to the budget, accounting and audit controls. After getting the prior permission from the government, it can even borrow money within and outside the country. | |
| 2567. |
Define the term of public enterprice. |
| Answer» Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. | |
| 2568. |
What is contra manufacturing |
| Answer» Do you mean contract manufacturing? It is a form of outsourcing..means you make a contract with a firm for components or product | |
| 2569. |
What is tailor computer software |
| Answer» The term tailor-made software refers to designing and developing user-specific software. These softwares,being user- specific, are not available off-shelf but are developed to meet the requirement of the user on the basis of discussion between the user and developers. | |
| 2570. |
What ia AOA and its contents |
| Answer» It stands for article of association....a document. Contain detail and objective of internal management of company....for more detail....see ch 7 Formation of a Company...? | |
| 2571. |
State out the features of internal trade and wholesale trade ? |
| Answer» | |
| 2572. |
Name the industry which support other industry |
| Answer» Tertiary industry<br>In my opinion primary industry is the industry which support other industry<br>The Tertiary Industry provides support to all other industries. | |
| 2573. |
Is earning profit the only objective of busines ? Discuss |
| Answer» There are these not-for-profit organizations like NGOs that work for society and aim at people\'s welfare rather than only having the profit motive.. schools, hospitals, etc can be good examples<br>No its not only business objectives its also a human and social objectives but its main objective of business<br>No it also has human and social objectives. | |
| 2574. |
Types of Partnership? |
| Answer» 1. Partnership at will2. fixed period partnership3. Particular partnership<br>1. General and limited partnership2. Partnership at will and particular partnership 3. Legal and illegal partnership | |
| 2575. |
What is partnership deed? |
| Answer» It refers to an agreement which specifies the terms and conditions that govern the partnership | |
| 2576. |
Project on visit to a mall |
| Answer» we\'re is answers<br>visit to a mall<br>project on bst topic visit to mall<br>project on visit to a mall<br>project on visit to a mall | |
| 2577. |
Sample paper 2. Question 4 please give me answer of this question |
| Answer» Yesss he will get compensation for it. Because he give the money regularly. | |
| 2578. |
Explain formation of company |
| Answer» The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage. | |
| 2579. |
Define Principle\tof\tIndemnity |
| Answer» According to this principle, insurance is not a contract of making profit . The purpose of insurance is to bring back the insired in same financial position as he was before the loss.<br>It is the security against loss | |
| 2580. |
Describe the scope of international trade to the nation and business firm |
| Answer» | |
| 2581. |
Why small scale industries help regional disparity? |
| Answer» This can be explained in the context of the following statement:1.government provide various concessional /grants for setting up industry in region where there is no industry .Thus to get benefit they set up there and remove regional disparity2.Large scale industry (like rourkela steel)is often established close to the source of raw material .This is because raw material requirement of large scale industry is very huge .Its transportation from distant place implies high cost of production .SSI, on the other hand ,shows locational flexibility. It is therefore referring to inter-regional equality | |
| 2582. |
What are the main document used in internal trade ?? |
| Answer» \xa0Following documents are used in internal trade :1. Performa Invoice,2. Invoice,\xa03. Debit Note,4. Credit Note,5. Lorry Receipt and6. Railway Receipt. | |
| 2583. |
Concept of business |
| Answer» 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. | |
| 2584. |
Give an example of private sector |
| Answer» Partnership<br>Sole proprietorship | |
| 2585. |
What is similarity between adr and public deposits |
| Answer» Please someone do replly | |
| 2586. |
What is e-bussiness |
| Answer» E-business refers to conduct all the industrial and commercial activities through computer network i.e. Internet.<br>e -business may be defined as the conduct of lndustry , trade and commerce by using computer networks.<br>Electronic businessIn which the business transaction through internet<br>a company that does all or most of its transactions through the Internet.<br>Electronic business | |
| 2587. |
What are the Rights of karta in joint Hindu family business |
| Answer» Karta has a decision making power related to the business as inthis ,business is wholly managed by karta.Ancestral propertyis to be inherited by him | |
| 2588. |
Is government schools come under public sector???☺ |
| Answer» Yes ,the government sschools ce under the public sector because they are controlled andanaged by the government.? | |
| 2589. |
Do you give business studies in hinde medium |
| Answer» Yoo borthers from Canada man , you gays play pubg mobile or pubg pc , i am pro player seeing for a good crew for my clan , my is on top 10 list , my rank is 5 in world soo, please help in building an excellent clan , we hit the world brothers ?<br>No | |
| 2590. |
state two features of joint venture |
| Answer» (1) AGREEMENT :- Two or more firms come to an agreement, to undertake a business, for a definite purpose and are bound by it.(2) DISSOLUTION :- Once the term or purpose of the joint venture is complete, the agreement comes to an end, and the accounts of the coventurers, are settled, as and when it is dissolved. | |
| 2591. |
Explain all type of principle of insurance |
| Answer» UTMOST GOOD FAITH:lnsurance contracts are based upon mutual trust and confidence between the insurer and insured . It is a condition of every insurance contract that both the parties insurer and insured must disclose each fact and information related to insurance contract to each other.<br>Please | |
| 2592. |
Principle of insurance |
| Answer» The seven principles of insurance are :-1.Principle of Uberrimae fidei (Utmost Good Faith),2.Principle of Insurable Interest,3.Principle of Indemnity,4.Principle of Contribution,5.Principle of Subrogation,6.Principle of Loss Minimization, and7.Principle of Causa Proxima (Nearest Cause). | |
| 2593. |
What is share ?Types of share. |
| Answer» A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. (1) Equity shares (2) Preference shares | |
| 2594. |
What is getting information about bank balance on mobile and some latest transaction called? |
| Answer» Tele banking.?? | |
| 2595. |
What is the role of bank in india |
| Answer» Depositing cash.Help in lending money.??<br>\tKeep money safe for customers\tOffer customers interest on deposits, helping to protect against money losing value against inflation.\tLending money to firms, customers and homebuyers.\tOffering financial advice and related financial services, such as insurance | |
| 2596. |
Difference between borrowed fund and owners fund |
| Answer» Owner capital :1. Meaning : Consist of the amount contributed by owners and their profit reinvested in business.2. Permanent : It remains permanent invested.3. Risk : It carries risk of business.4. Control :Control rests with providers of owners capital.5. Security : It does not require any asset as security.6. reward : Reward is dividend.7. Priority : Reward is paid after payment of interest on borrowed funds.8. Nature of return : The rate of dividend may fluctuate year to year.Borrowed capital :1. Meaning : It includes funds available in the form of loans or credit2. Permanent : It is not permanent source of investment.3. Risk : The debts of company are secured.4. Control : No control rests with providers of borrowed funds.5. Security : It is backed by security of assets.6. reward : Reward is interest.7. Priority : Payment of interest gets priority over payment of dividend.8. Nature of return : The rate of interest is fixed on funds.\xa0 | |
| 2597. |
Treatment of inport |
| Answer» | |
| 2598. |
What is bank provide by main facilities? |
| Answer» Depositing cash into bank.Lending money.?? | |
| 2599. |
Meaning of odp and gdp with its features |
| Answer» | |
| 2600. |
Formation of company |
| Answer» Formation of a company involves completion of several legal formalities and procedures. The process of formation of the company can be divided into four stages, viz.,1.Promotion of a companyIncorporation2.Subscription of capital3.Commencement of business. | |