InterviewSolution
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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.
| 2751. |
What do you mean by private and public sector |
| Answer» <th scope="col" style="text-align: center;">\t\t\tMeaningPrivate Sector Industries are owned by individual investors. These are managed by private organisations. In capitalist countries, industries are generally owned by private people.Public Sector Industries are owned and managed by governments. In India, there were a number of Public Sector Undertakings (PSUs). Socialist countries have many state owned industries. Mixed economies have both Public and Private sector enterprises..ExampleReliance Industries LimitedBharat Heavy Electronics Limited.\t | |
| 2752. |
Enumerate the forms of public sector enterprises |
| Answer» | |
| 2753. |
Define the term public Enterprises |
| Answer» Public enterprise is\xa0a business organization wholly or partly owned by the state and controlled through a public authority.<br>Public Enterprise or Statutory Corporations brought into existence by a special Act of the Parliament or State Legislature or Central legislature. And it defines rules,regulations,powers,etc. Examples: RBI, UTI, etc. Features:1. Set up under an Act of Parliament 2. Wholly owned by the State3. It is Statutory Corporation, it can be sued and can sued others4. This type of enterprise is usually self- financed 5. It is not subject to the same Accounting and Audit Procedures 6. Employees are not Government Servants | |
| 2754. |
What are the reason for business risk? 3 marks question |
| Answer» Causes of business risk-\tNatural causes: Human beings have little control over natural calamities like flood, earthquake, lightning, heavy rains, famine etc. These natural calamities result in heavy loss of life, property and income in the business.\tHuman causes: Human causes include such unexpected events as dishonesty, carelessness or negligence of employers, stoppage of work due to power failure, strikes, riots, management inefficiency etc. The employees may hamper the production by going on strikes, riots etc. This can also lead to heavy loss of business condition. There can be price fluctuations in the market, there can be a change in fashion, taste, preferences, and demands of customers\tEconomic causes: Economic causes are related to a chance of loss due to change in the market. There can be a change in the degree of competition. All these have a direct impact on the earnings of the business.\tEven a change in Government policy affects the business a lot. For example, in 1971 when the Janata government came to power the Coca-Cola Company and many other foreign companies were sent back to India.\tOther causes: These are unforeseen events, such as political disturbances, mechanical failures such as the bursting of boiler, fluctuations in exchange rates etc. which lead to the possibility of business risks. | |
| 2755. |
"There are activities which are carried out to earn economic gain / rewards". what are they called? |
| Answer» That duties which are undertaken to an economic gain and rewards. They are known as SWOT analysis S W O T stands for (strength weakness opportunity threat).Here the possible threats and opportunities are decided and accordingly step are taken. | |
| 2756. |
What is global enterprise (multiple Corporation)? |
| Answer» (i) A Global corporation is one which expand the area of its operation beyond the country.(ii) At attempts to maximize profit world war.(iii) its scale of operation is very large. | |
| 2757. |
What is Public Private Partnership(ppp)? |
| Answer» It is an enterprise under which a big project is financial and operated through a partnership between Government and one or more prise Enterprises | |
| 2758. |
What is business risk? Explain with example |
| Answer» business risk refer to probability of loses due to unforeseen events. for example : change in govt. Policy, change in demand etc.<br>The term business risk refer to the possibility of a commercial business making in inadicate profit (or even losses) due to uncertainties -for example:-changes in tastes, changing performance of consumers,strikes,increased competition, changes in government policy, obstacles etc. | |
| 2759. |
How does a Cooperative is exemplify secularism and democracy explain |
| Answer» The word ‘cooperative’ means ‘working together’ with others for a common purpose. The cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members. The membership of a cooperative society is voluntary. A person is free to join a cooperative society and can also leave anytime without any compulsion. The decision-making’ power in a cooperative society lies in the hands of an elected managing committee. Every member has one vote and this right to vote gives the members a chance to elect the members of the managing * committee.All these features lend the cooperative society a democratic character. Further, the membership of a cooperative society is open to all, irrespective of their religion, caste and gender. The cooperative society through its purpose lays emphasis on the values of mutual help and welfare. These features prove the secular nature of cooperative societies. | |
| 2760. |
Type of company |
| Answer» MeaningA business enterprise is an institutional arrangement to form any business activity.ClassificationOn the basis of ownership business enterprises can broadly be classified into the following categories:In case of CORPORATE FORM of private enterprises the identity of the enterprise is separate from that of the owner and in case of NON CORPORATE FORM, the identity of the enterprise is not different from that of its owners. | |
| 2761. |
What is Gobal Interprice |
| Answer» Thank you so much.Can You plz Give Short Note .... Of global Enterprise<br>That type of enterprices whose operations are in more than 1 country. | |
| 2762. |
5 examples of Government Companies? |
| Answer» | |
| 2763. |
Different between private comany and public company six basic |
| Answer» <th>Basis for Comparison</th> <th>Public Company</th> <th>Private Company</th> \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.Statutory MeetingCompulsoryOptionalIssue of prospectus / Statement in lieu of prospectusObligatoryNot required\t | |
| 2764. |
What is global enterprise? |
| Answer» The companies which operate their business in many countries.through network they can extend their business in all over the world<br>Enterprise means any term of business organisation ,. Global means in all the world .. so , the answer is clear | |
| 2765. |
What is the responsibility of the members of the joint hindu family the karta? |
| Answer» Control over businessDecisions are binding on all members taken by karta- Decision making | |
| 2766. |
Give me the important questions of chapter 3 bst ?? |
| Answer» You can the important questions in app or website. | |
| 2767. |
Case study question on topic industry, commerce,sole proprieter, and joint hindu family. |
| Answer» | |
| 2768. |
What is partners |
| Answer» A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership\'s debts and other obligations. | |
| 2769. |
Why is outsourcing necessary? |
| Answer» \tFocused approach : Every business have limited resources and every manager has limited time. Outsourcing can help business to shift its focus from peripheral activities towards work that serves the customers and helps’ managers to set their priorities more clearly.\tMake faster deliveries to customers : Outsourcing helps us to make quicker deliveries to customers. An outsourcing partner will be able to provide faster deliverables and one in turn will be able to make quick deliveries to his customers. It also helps to save time.\tOperational efficiency : Outsourcing gives an organisation exposure to vendor specialised systems. Specialisation provides more efficiency that allows for a quicker turn around time and higher levels of quality.\tBenefits of latest development: With the help of outsourcing the benefits of latest development could be derived out by the concern in the most economical manner.\tImproved customer satisfaction : With timely delivery and high quality services one can impress his customers. Outsourcing leads to increased customer satisfaction and they will remain loyal to the organisation. | |
| 2770. |
Why government took the initiative to establish business enterprise in its control? |
| Answer» | |
| 2771. |
Explain the working of co operative society? |
| Answer» Wo bhi business ki book main<br>Book me hai padh lo | |
| 2772. |
What are the functions of a promoter? Define them. |
| Answer» Promoter is one who undertakes to form a company with reference to a given object and to set it going, and who takes the necessary steps to accomplish that purpose. | |
| 2773. |
Difference between goods and services? |
| Answer» Thanks<br>Thanks gaurav<br><th>BASIS FOR COMPARISON</th> <th>GOODS</th> <th>SERVICES</th> \t\t\tMeaningGoods are the material items that can be seen, touched or felt and are ready for sale to the customers.Services are amenities, facilities, benefits or help provided by other people.NatureTangibleIntangibleTransfer of ownershipYesNo\t\tSeparable Yes, goods can be separated from the seller. No, services cannot be separated from the service provider.\t\tStorage Goods can be stored for use in future or multiple use. Services cannot be stored.\t | |
| 2774. |
What is BPO from ch 5 |
| Answer» BPO stands for business process outsourcing. In this the company outsource or give responsibility of non-operating activities to other companies as one person cannot perform all activities together and if it will try to do so then it will not be possible for the company on its operating activities.Eg. of outsourced activity is advertising , receiving customer call (call center). | |
| 2775. |
Features of LLP.(limited liability partnership) |
| Answer» In this type of partnership one partner has unlimited liability while the other partners have limited liability to the extent of the capital contributed by them.Registration of this type of partnership is compulsory.The continuity of the business is not affected by the death, insanity, retirement or insolvency of the limited liability partners.<br>\tThey are a separate legal entity from their Members.\tThey have the benefit of limited liability for their Members.\tThey are taxed as a partnership.\tThey have the organisational flexibility of a partnership.\tAny agreement (“LLP agreement”) between the Members governing the operation of the LLP is a private document which is confidential to the Members.\tThey must have at least two “designated” Members.\tTheir “trading disclosure” requirements are similar to those of a company.\tThey must be registered at Companies House.\tTheir accounting and filing requirements are similar to those of a company.\tThey have the ability to create floating charges.\xa0<br>This kind of partnership is based upon liability in limited liability partnership the liability of the at least one member is unlimited and the others rest members have their limited liability | |
| 2776. |
What are mutual agency |
| Answer» Mutual agency means agreement to work together means every person is a principal as well as agent it is present in partnership that they have to work together | |
| 2777. |
State the mean of public private partnership? |
| Answer» Public-Private Partnership (PPP, P3 or P3) is a legally binding contract between the government and private business firms for the provision of public assets and/or public services for the benefit of the public. | |
| 2778. |
Distinguish between eCommerce and e Business |
| Answer» <th>S.No.</th> <th>E-COMMERCE</th> <th>E-BUSINESS</th> \t01.E-Commerce refers to the performing online commercial activities, transactions over internet.E-Business refers to performing all type of business activities through internet.02.E-Commerce is a narrow concept and it is considered as a subset of E-Business.E-Business is a broad concept and it is considered as a superset of E-Commerce.03.Commercial transactions are carried out in e-commerce.Business transactions are carried out in e-business.04.In e-commerce transactions are limited.In e-business transactions are not limited.05.It includes activities like buying and selling product, making monetary transactions etc over internet.It includes activities like procurement of raw materials/goods, customer education, supply activities buying and selling product, making monetary transactions etc over internet.06.It usually requires the use of only a website.It requires the use of multiple websites, CRMs, ERPs that connect different business processes.07.It involves mandatory use of internet.It involves the use of internet, intranet or extranet.08.E-commerce is more appropriate in Business to Customer (B2C) context.E-business is more appropriate in Business to Business (B2B) context.09.E-Commerce covers outward/external business process.E-Business covers internal as well as external business process/activities.\t | |
| 2779. |
How we can count th *** ratio |
| Answer» | |
| 2780. |
Mention any two objectives of public sector emterprises? |
| Answer» To speed up the economy of the countryTo ensure equitable distribution of wealth n income among people<br>Welfare of nation/equality Increase employment opportunities | |
| 2781. |
Is there need to read about suitability in ch 3 |
| Answer» Yes | |
| 2782. |
What is concept of business |
| Answer» Concept of Business\tThe term business is derived from the word ‘busy’. Thus, business means being busy.\tHowever, in a specific sense, business refers to an occupation in which people regularly engage in activities related to purchase, production and/or sale of goods and services with a view to earning profits.\tThe activity may consist of production or purchase of goods for sale, or exchange of goods or supply of services to satisfy the needs of other people.\tIn every society people undertake various activities to satisfy their needs. These activities may be broadly classified into two groups —\xa0economic and non-economic. | |
| 2783. |
SECONDARY INDUSTRY |
| Answer» Secondary industry in which raw materials r converted to useful products | |
| 2784. |
Difference between life insurance Vs Other insurance ? |
| Answer» | |
| 2785. |
Are functions of warehousing in syllabus? |
| Answer» Yes<br>No | |
| 2786. |
Explain the characteristics Of Global enterprise??? |
| Answer» They so not aim at maximising profits from one or two sources but instead spread their branch all overThey are in a position of exercising excessive control over the world economy due to their giant size , capital resources n goodwill etcThey extend their industrial organisation through a series of branches , affiliates and subsidiaries in host countriesTheir branches are known aa majority owned foreign affiliate | |
| 2787. |
What is business ethics? Mention the basic elements of business ethics |
| Answer» 2. Publication of code 3. Establishment of compliance mechanicar 4. Involveing employee at all level 5. Measuring result<br>1 top management commitment<br>The basic element of business ethics _<br>Business ethics refer to the relationship between business objective s practice nd technique bd good of society it is concerned with the socially determine a moral principal which should govern business activities | |
| 2788. |
Identify an enterprise managed and controlled by individuals with an aim to earm profit. |
| Answer» Company or partnership<br>Sole proprietorship<br>Partnership | |
| 2789. |
What is sole proprietor? |
| Answer» Sole means only and proprietor means owner it means only owner. A business owned , manage amd run by the individual.<br>A business owned and managed and controlled by a single individual is known as a sole proprietorship organization. | |
| 2790. |
What is business risks? |
| Answer» It refers to possbility of adequate losses<br>It refers to probability of losses due to unforeseen circumstances and events. | |
| 2791. |
What is karta? |
| Answer» The head of the hindu undivided family known as karta<br>Are you student or teacher? ?<br>He is the senior most male members in joint Hindu family business he has complete contract of business and his liability is unlimited. | |
| 2792. |
What is business?? |
| Answer» Business means being busy, it is an economic activity where we earn a money for living, it main aim to earn more nd more profit<br>Business refers to those economic activity which is conducted on regular basis through the motive of earing profit<br>Business is a human activity directed towards or acquiring wealth through buying and selling goods . | |
| 2793. |
What is full form of nabard |
| Answer» National Bank for Agriculture and Rural Development<br>Nation bank for agricultural and rural development | |
| 2794. |
What are the reasons for decline in indigenous banking system |
| Answer» | |
| 2795. |
What do you mean business ?? In your word |
| Answer» Kannada<br>Business refere to an occupation in which people regularly engage in activities related to purchase, productions and for sale of goods and services with a view to earn profits. | |
| 2796. |
What is business ? |
| Answer» It\'s an economic activity | |
| 2797. |
What is joint hindu family work in partnership and cestral property |
| Answer» | |
| 2798. |
Documentation requirement for warehousing . |
| Answer» | |
| 2799. |
What is Difference between Private and Public sector |
| Answer» Ok<br>Private sector is that sector of business which is owned by private peoples.But Public sector is that sector of business which is owned by state (govt. Of all types). | |
| 2800. |
Which type of people like to engage in business & why? |
| Answer» | |