InterviewSolution
Saved Bookmarks
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.
| 2901. |
Why is finance called as the life blood of any business |
| Answer» Beacause it is the base of the business. Without finance business is not started | |
| 2902. |
what is tha full form of GDR |
| Answer» Global depository receipt<br>Global depository receipt<br>Global depository receipt | |
| 2903. |
Difference between MOA and AOC |
| Answer» MoA describe Powers and objects of the company .AoA describe rules of the company.<br>The memorandum of association of the company cannot be amended retrospectively.\tThe articles of association can be amended retrospectively.<br>Memorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company.\tArticles of Association is a document containing all the rules and regulations that governs the company | |
| 2904. |
What is FCCB |
| Answer» FCCB — Foreign Currency Convertible Bonds. | |
| 2905. |
Principal insurance |
| Answer» | |
| 2906. |
You have any sample paper on latest pattern of cbse |
| Answer» | |
| 2907. |
The number of partners cannot be more than 100 in a business.(true/false) |
| Answer» False... | |
| 2908. |
Why commerce is known as back bone of industry |
| Answer» | |
| 2909. |
Meaning of social Responsibility |
| Answer» | |
| 2910. |
What is the elements of buisness ethics |
| Answer» | |
| 2911. |
State the different types of economic activity. |
| Answer» Economic activity is undertaken with the object of earning money or livelihood and not because of love ,affection ,sympathy or any other sentimental resons .For eg: A bussines man, A doctor,teacher teaching in shools or tutions ect. | |
| 2912. |
difference between equity and prevence |
| Answer» Equity shares is generally low and prefrences shares is generally high | |
| 2913. |
difference b/w public and provion |
| Answer» | |
| 2914. |
Entrepreneur undertake |
| Answer» | |
| 2915. |
What is a payment mechanism which is peculiar to e business called |
| Answer» | |
| 2916. |
Ploughing back of profit |
| Answer» Ploughing back of profits means investing “part of business profits” in the business. We know that generally firms do not distribute the whole of profits as dividend. They keep a part of it to use in business.\xa0The part of profit is not distributed is called retained profit. Ploughing back of profits is the most convenient and economical method of financing. It makes the company strong and increases capital formation. | |
| 2917. |
Send some case study questions for class 11 |
| Answer» | |
| 2918. |
Which which organisation has two disadvantage namely no benefit to poor people |
| Answer» MNC | |
| 2919. |
Features of public private partnership |
| Answer» 1. Capital is contributed by central or state or both govts.2. Public welfare or Service is the main objective.3. Management & control are in the hands of govt.4. It is accountable to the public. | |
| 2920. |
What are all the features of small scale industries? |
| Answer» | |
| 2921. |
Differentiate between licensing and franchising? |
| Answer» \tLicensingFranchisingThe licensor grants licence to a foreign company (licensee) to produce and sell goods under the licensor’s logo and trademarks for a fee.The franchiser grants a foreign firm (franchisee) the right to operate a business using a common brand name for an initial or a regular feeOperations are related to production and marketing of goods.Operations are related to the services business.Less stringent rules and regulationsStrict rules and regulations\t\xa0 | |
| 2922. |
What are consumer cooperative store .state it\'s main objectives and explain it\'s limitation? |
| Answer» | |
| 2923. |
Write a detailed note on postal services? |
| Answer» Indian post and telegraph department provides various postal services across India. For providing these services the whole country has been divided into 22 postal circles. These circles manage the functioning of the various head post offices, sub-post offices and branch post offices. There are 154149 post offices and 564701 letter boxes processing 1575 crore mails every year. The various facilities provided by postal department are broadly categorized into(i) Financial Facilities Post Office Savings Bank is the largest retail bank having 150000 plus branches. Financial facilities are provided through the post office’s savings schemes like Public Provident Fund (PPF), Kisan Vikas Patra, and National Saving Certificates apart from retail banking functions of monthly income schemes, recurring deposits, savings account, time deposits and money order facility.(ii) Mail Facilities Mail services consist of parcel facilities that is transmission of articles from one place to another; registration facility to provide security of the transmitted articles and insurance facility to provide insurance cover for all risks in the course of transmission by post. | |
| 2924. |
Which are the three trends:shaping business in today\'s world |
| Answer» explain in briefly the two trends that are shapping business today | |
| 2925. |
What is trade credit?explain merits and demerits as sources of short term finance for business? |
| Answer» | |
| 2926. |
Registration of partnership firm is not compulsory but it is better to registered . Why and explain |
| Answer» It is not compulsory for partnership firms to get themselves registered. However, it is beneficial to get themselves registered because an unregistered firm has to suffer the following consequences :1.A partner of an unregistered firm cannot file a suit against any other partner or the firm for enforcing his legal rights.2.An\xa0unregistered firm cannot file a suit against any third party or partner for enforcing legal rights.3.Any partner of an unregistered firm cannot claim a set off in a legal proceeding carried on against the firm by a third party for enforcing any legal right.4.No\xa0salary or commission is provided to any of the partners. | |
| 2927. |
A company inport |
| Answer» | |
| 2928. |
What is the full form of Icds |
| Answer» Integrated Child Development Services (ICDS) scheme is world\'s largest community based programme. The scheme is targeted at children upto the age of 6 years, pregnant and lactating mothers and women 16–44 years of age. The scheme is aimed to improve the health, nutrition and education (KAP) of the target community. Launched on 2 October 1975, the scheme has completed 25 years of its operational age. | |
| 2929. |
Explain history of trade and commerce in your own words |
| Answer» history of commerce in essay 1,000 words | |
| 2930. |
I want some short notes on history of trade and commerce |
| Answer» | |
| 2931. |
What are the advantages of net-banking transfer? |
| Answer» | |
| 2932. |
Explain role of profit in business? |
| Answer» Functions of profit:1.Source of income : It is the most important source of income and provides livelihood for the businessman. Everyone has to satisfy his needs and hence no one is expected to undertake business activities without any earnings for the same.2. Source of finance : Profit is a source of finance for expansion and diversification of business activities, A part of the profits can be retained for increasing the volume of the business. Retention of profit is always considered the best way for carrying out business activities.3. Efficient working: Profit is required for efficient and smooth functioning of the business. It is considered as a barometer for judging the performance of the business.4. Goodwill : Profit helps in building the reputation or goodwill of the business firms. With profit increasing over time, a business enterprise gains reputation. Such goodwill creates market standing which ultimately helps to raise loans and thereby obtain credit more easily.5. Reward for risk bearing : Risk is always associated with any business. A person who invests money in the business has to bear the risk also. In the eventuality of loss due to any risk, the businessman doesn’t stop the business. It is the profit element that motivates him to carry on with business even in the case of losses.6. Social responsibility : Higher profits make better remuneration and amenities possible. It increases the standard of living of workers. A firm with a higher profit is in a position to carry out its social responsibility towards various groups. | |
| 2933. |
What is commercial paper?what are its advantages and disadvantages? |
| Answer» \tCommercial paper is a\xa0short-term unsecured money market instruments introduced in India in 1990.\tAlso a promissory note which is negotiable and transferable.\tHave a maturity period ranging from a minimum of 15 days to a maximum of one year.\tPrimarily used by large and creditworthy companies for bridge financing i.e. used as an alternative to borrowings from bank and capital market.\tThe companies pay an interest rate lower than the market rates and are used for purposes such as to meet the floatation cost on long-term borrowings from the capital market.Advantages\tIt is more liquefiable and free to transfer.\tIt provided more funds rather than any other source.\tNo restrictive condition as it is unsecured money market instrument\tThe cost involved in issuing commercial paper for a firm is lower than the cost the commercial bank loans.\tIt is a continuous source of funds as their maturity can be adjusted according to the firm the one who issued the commercial paper.Disadvantages\tThe firm one who has good financial background can issue commercial paper as it is based on unsecured money market.\tOnly limited fund can be raised through commercial paper.\tMaturity period cannot be extended at times of firm’s financial problem. | |
| 2934. |
Management is the development of men and not the direction of things |
| Answer» | |
| 2935. |
what is the peculiar feature of construction industry |
| Answer» A feature of the construction industry is long-lasting output such as the apartment, building, highways. The peculiar feature of the construction industry that it needs other enterprises to sustain them which can contribute to the gross domestic product of the country.The chief consumer of the construction industry is the public sectors owned by the government for infrastructure development. Construction industries require various places, diverse resources and inputs, and multiple stages of their methods. However, there is discontinuities and contingencies in-demand model. | |
| 2936. |
What do you mean by degree of control |
| Answer» | |
| 2937. |
Define commerce and state the segments of commerce. |
| Answer» Commerce is the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade. | |
| 2938. |
Business risk may not lokely to arise due to |
| Answer» Business risk can never arise from good management. This is because a good management would enable the business to tackle the risk effortlessly. | |
| 2939. |
Explain the limitations of joint stock company |
| Answer» Demerits of Joint Stock Company is as Follows: -1. Difficulty in Formation: -The formation of the company is in itself a very difficult and involves too many formalities. Promoters have to prepare and submit various documents to the registrar of companies for approval i.e. Articles of Association, Memorandum of Association etc. the public limited company cannot commence business without obtaining a certificate of commencement of business. Registration of Joint Stock Companies is compulsory as per Indian Companies Act, 1956. Thus the formation is complicated, costly and time consuming.2. Delay in Decisions: - In sole trading concern, and partnership firm decisions can be taken quickly. Company business is managed by Board of Directors who are not owners of the company. Therefore, there is no direct motivation for directors to give their best to the company. Moreover, for taking various decisions and getting them approved from share holders, they have to hold board Meeting and share holders meeting, for which a proper procedure has to be followed. That results into delay in decision making, good business opportunities may be lost.3. Excessive Government Control: - There is a lot of government interference in the working of the company. Various rules and regulation of the companies Act have to be strictly followed by the company, the non – compliance of any of these provisions results into penalties for the officers involved.4. High cost of Management: - The management of joint stock company form of organization is costly. The formation involves availing of the expert services of many professional like underwriters, financial and technical experts, share brokers, solicitors, bankers etc.5. Undue Speculation: -since directors are responsible for the management of the company, they sometime use the confidential information for speculation and for personal gains. This results in sudden fluctuations in prices of shares in stock exchange, adversely affecting the public confidence.6. No Personal Contact: -Due to very large size of the organization, employees feel that their efforts are not recognized and appreciated, their work related problems are not taken care of. as a result they feel demoralized and their productivity declines.7. Lack of Secrecy: -There is no business secrecy involved in the company form of organization since it has to fulfill various statutory requirements.8. No Direct Effort Reward Relationship: -Since the ownership and management are separate, there is no direct relationship between the efforts and rewards. This can be de motivating for the owners of the company\xa0 | |
| 2940. |
What is full form of NRF and what is the main function of NRF |
| Answer» NRF-National Renewal Fund<br>NRF - National renewal fund .. | |
| 2941. |
write the name of form of business organisation found only in india |
| Answer» Joint Hindu family business | |
| 2942. |
Profit maximization cannot be the sole objective of a business.Explain |
| Answer» I don\'t know | |
| 2943. |
What do you understand by ware houseing |
| Answer» Types of Warehouses : There are various types of warehouses :1. Private Warehouses : These are the warehouses owned by the traders or producers. In these warehouses they keep their own products and do not allow anybody else to keep their goods. Hence they are called private warehouses.2. Public Warehouses : These warehouses are owned by private companies and government agencies. These godowns are large size and used by all persons such as traders, farmers, exporters, importers and government agencies. These godowns are located in the commerical centres of big cities. Their main objective is to make earning by providing storing facilities.Once the goods are stored in the godown, warehouse receipt is issued to the owner of goods. After making the payment of godown charges goods are returned.3. Bonded Warehouses : These are public warehouses which are licensed by the Government to accept imported goods for storage before payment of customs duty by their importers. When the importer finds that he cannot conveniently make payment of customs duty on the goods imported by him, he can request the customs authorities for storage of goods in the bonded warehouse till the customs duty is paid.4. Duty paid Warehouses : These warehouses are located near the ports but are outside the dock bonds. They are constructed by Port Trust Authorities. We have such warehouses in Mumbai. When duty is paid on imported goods the importer can take the goods away into the domestic market. | |
| 2944. |
Expain the multiple objective of business |
| Answer» Nice explanation<br>Continuous increase in the profits of any enterpriseis possible only by performing useful services to the society. Infact, objectives are needed in every area that influences the survival and prosperity of busi¬ness. Since a business has to balance a number of needs and goals, it requires multiple objectives.The five multiple objectives of business are as follows:\tMarket standing : Market standing refers to the position of an enterprise in relation to its competitors. A business enterprise must aim at stronger market standing in terms of offering competitive products to its customers and serving them to their satisfaction.\tInnovation : Innovation is the introduction of new ideas or methods in the way something is done or made. There are two kinds of innovation in every business, i.e.,\t(i) innovation in product or service.\t(ii) innovation in the various skills and activities needed to supply them.\tProductivity : Productivity is calculated by comparing the value of outputs with the value of inputs. It is used as a measure of efficiency.\tPhysical and financial resources : Any business requires physical resources like plants, machines, offices, etc., and financial resources i.e. funds to be able to produce and supply goods and services to its\tcustomers.\tEarning profits : One of the main objectives of business is to earn profits on the capital employed.\tProfitability refers to profit in relation to capital investment. Every business must earn a reasonable profit which is crucial for its survival and growth | |
| 2945. |
Centralize control in mnc implies control exercised by |
| Answer» Multinational corporation ( MNC ) is an organisation who have branches in many different countries but managed wholly from one country i.e. home country. Hence, centralised control in MNC\'s implies control exercised by the headquarters. | |
| 2946. |
What are the different type of economic activity |
| Answer» Economic activities are of three types:-1) business 2)employment 3) profession | |
| 2947. |
Cbse guide chapter 1 important questions answes |
| Answer» | |
| 2948. |
Differentiate between goods and services on any four points basis |
| Answer» | |
| 2949. |
What do you meant by business and define its features also |
| Answer» Business\xa0is\xa0defined\xa0as an organised economic activity, wherein the exchange of goods and services takes place, for adequate consideration. It\xa0includes all those activities whose sole aim is to make available the desired goods and services to the society, in an effective manner.\xa0The\xa0important characteristics of a business:1. Economic activity:Business is an economic activity of production and distribution of goods and services. It provides employment opportunities in different sectors like banking, insurance, transport, industries, trade etc. it is an economic activity corned with creation of utilities for the satisfaction of human wants.2. Buying and Selling:The basic activity of any business is trading. The business involves buying of raw material, plants and machinery, stationary, property etc. On the other hand, it sells the finished products to the consumers, wholesaler, retailer etc. Business makes available various goods and services to the different sections of the society.3. Continuous process:Business is not a single time activity. It is a continuous process of production and distribution of goods and services. A single transaction of trade cannot be termed as a business. A business should be conducted regularly in order to grow and gain regular returns.4. Profit Motive:Profit is an indicator of success and failure of business. It is the difference between income and expenses of the business. The primary goal of a business is usually to obtain the highest possible level of profit through the production and sale of goods and services. It is a return on investment. Profit acts as a driving force behind all business activities.\xa0 | |
| 2950. |
Profit is the primary motivating force for economic activity. Do you agree? |
| Answer» Profit\xa0is the basic\xa0motivation\xa0for any\xa0business, but it has to be tempered with humanity, respect and ethics.\xa0The\xa0profit motive\xa0is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation. However over-remuneration of the\xa0profit motive\xa0creates\xa0profit\xa0inefficiency.\xa0The\xa0profit motive\xa0refers to an individual\'s drive to undertake activities that will yield net economic gain. Because of the\xa0profit motive,\xa0people\xa0are induced to invent, innovate, and take risks that they may not otherwise. | |