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.
| 251. |
What type question is coming most in annual exam of a government school? |
| Answer» Support material k last m diye gai sample pprs se.?? | |
| 252. |
. What is the rate of Karta in Joint Hindu Family business? |
| Answer» Means | |
| 253. |
Explain the important documents that have to be prepared for the incoropation of a company |
| Answer» Copy of import agreement .*Article of association *Memorondum of association.etc,?? | |
| 254. |
Private,public & global enterprises ki case study |
| Answer» food corporation of India FCI was established through a special act of parliament in 1964 with the objective to create buffer stocks of food like wheat rice x factor for emergency situations like drought floods famine exactra.Which type of public enterprise is discussed above.Does search enterprises have separate legal entityWho provided initial capital to search enterprisesState any two merits of such organisations.,?? | |
| 255. |
What is disinvestment of shares |
| Answer» Transfer our shares to another person<br>Sale of our share to other person or a company. | |
| 256. |
Name any unique feature of retained earning which is not available in any other source of finance. |
| Answer» retained earnings is a source of ploughing back of profit or u can say self financing<br>Retained earnings is a source of ploughing back of profit<br>Retained earnings is a source of self financing.?? | |
| 257. |
The CEO of XYZ Limited Mr Vasudev died in road accident, will it affect the life of company? why? |
| Answer» No, there Will be not affect on the life of company because of perpectual succession.?? | |
| 258. |
Describe the industrial policy 1991 towards the public sector. |
| Answer» | |
| 259. |
What is private ,public and government company? |
| Answer» | |
| 260. |
Note on ADR |
| Answer» ADR also known as American depositary receiptsListing is only in American stock exchangeADR\'s are more liquid.Only American citizens are the shareholders.Terms and conditions are so hard.Indian companies like Infosys, reliance issues ADR\'s.?? | |
| 261. |
What are the types of utilities created by a business? |
| Answer» | |
| 262. |
Give any five key features of GST. ?? |
| Answer» 1. Levy of GST : The centre will levy Central GST (CGST) and the states will levy State GST (SGST) on the supply of goods and services within a state. The centre will levy IGST in the case of (i) inter-state supply of goods and services, (ii) imports and exports, and (iii) supplies to and from special economic zones.2. Exemptions from GST: The centre exempt certain goods and services from the purview of GST through a notification. This will be based on recommendations of the GST Council.3. Turnover limit under GST and tax right over low turnover entities: GST is applied when turnover of the business exceeds Rs 20lakhs per year (Limit is Rs 10lakhs for the North-Eastern States). Traders who would like to get input tax credit should make a voluntary registration even if their sales are below Rs 20 lakh per year. Traders supplying goods to other states have to register under GST, even if their sales is less than Rs 20 lakh. There is a composition scheme for selected group of tax payers whose turnover is up to Rs 75 lakhs a year.4. The four-tier rate structure: The GST proposes a four-tier rate structure. The tax slabs are fixed at 5%, 12%, 18% and 28% besides the 0% tax on essentials. Gold is taxed at 3%. The center has strictly demanded and got an additional cess on demerit luxury goods that comes under the high 28% tax. Essential commodities like food items are exempted from taxes under GST.Other consumer goods which are common items will be taxed at 5%.4. The new GST seems to have two standard rates – 12% and 18%. GST rate structure for the goods and services are fixed by considering different factors including luxury/necessity nature.5. Tax revenue appropriation between the center and states: The center and states will share GST tax revenues at 50:50 ratio (except the IGST). This means that if a service is taxed at 18%, 9% will go to the center and 9% will go to the concerned state.6. Input tax credit: Every taxpayer while paying taxes on outputs may take credit for taxes paid earlier by the supplier on inputs. However, this will not be applicable on supplies related to: (i) motor vehicles when used for personal consumption, (ii) supply of food, health services, etc. unless they are further used to make a supply. | |
| 263. |
What is corporate social responsibility(CSR)? |
| Answer» Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.CSR is a concept with many definitions and practices. The way it is understood and implemented differs greatly for each company and country. Moreover, CSR is a very broad concept that addresses many and various topics such as human rights, corporate governance, health and safety, environmental effects, working conditions and contribution to economic development. Whatever the definition is, the purpose of CSR is to drive change towards sustainability.<br>It is a type of international private business self regulation. ?? | |
| 264. |
Define indent ? |
| Answer» Importer places order to exporter this order is known as indent | |
| 265. |
What do you understand by Maritime trade? |
| Answer» The trading done through the sea ir ocean route..is known as maritime trade. | |
| 266. |
Name the partner who allws tge use of his name by a firm but does not contribute to its capital |
| Answer» Nominal partner .?? | |
| 267. |
Meaning of method |
| Answer» Way of doing work is known as method . ?? | |
| 268. |
Describe the industrial policy 1991 towards the public sector |
| Answer» reduction in number of business reserved for public sector from 17 to 8 and 23 only in 2001 these three industries are autos atomic energy and rail transportrandom of understanding undertaker list actor was provided with greater autonomy government lays down performance target for the management and his greatest autonomy 20 minutes to go the management accountable for the result.disinvestment equity share of some public sector enterprises versova to private sector and republics it was expected that this would lead to improve management performance impact of financial discipline.which structural and revival public sector 6 units was referred to both of industrial and financial reconstruction that is v i s i unit which were potentially bye-bye one list of states and which could not be reviewed was closed down by the board | |
| 269. |
Explain the transaction risk involved in online banking |
| Answer» The common transactional risks of online are:(a). Default on order taking/giving:seller may deny that customer ever placed the order.(b). Default on delivery:sometimes goods may be delivered at wrong address or goods other than order may also be delivered.(c).Default on payment:sometimes the seller does not get the payment for the goods supplied whereas tge customer claims that the payment was made. | |
| 270. |
Explain the main element of life insurance nd identify the value in the concept of insurance |
| Answer» Security and investment elements | |
| 271. |
Merits of departmental store |
| Answer» Merits of departmental stores1.Convenient shopping2.Central location3.Economies of scale4.Elimination of middleman5.Professional management6.Services7.Advertising | |
| 272. |
What is human activity |
| Answer» Any activity performed by humans to meet their requirements | |
| 273. |
What do you mean by liquidation of a company ❓❓❓ |
| Answer» Thanks Jyoti<br>Liquidation is a state where the all current assets or noncurrent assets starts converted into cash ??<br>Liquidation means the time of closing the company .?? | |
| 274. |
Rajni, a house wife exchanges utensils for old clothes on a regular basis. Is it a business and why? |
| Answer» No Chetan keshri it is not a business activity<br>No this cannot be termed as business because business is economic activity conducted for the profit motive Rajani is not having any motive to earn profit through exchange production or distribution of goods and services she is only working for the household chores so it cannot be termed as business<br>Yes it is a business activity because she is doing that on regular basis | |
| 275. |
Why is the insurance known as a tertiary industry? |
| Answer» Because tertiary industry provides many services towards businessman I. E.- Banking ,insurance ,advertisement, transportation, warehousing<br>Because it is a service and tertiary industry deals in services | |
| 276. |
Diff. Between internal trade and external trade |
| Answer» There are a lot of difference between internal trade and external trade1.meansInternal trade refers to the trade within the borders of the country.External Trade refers to the trade between two or more countries.2.Exchange of CurrenciesThere is no exchange of currencies takes place in the Internal Trade because there is a same currency in the countryExternal Trade involves the exchange of currencies between the nations which are involved in the trade. | |
| 277. |
What is the common thing in ADR and the public deposit |
| Answer» Both are collected from public | |
| 278. |
Explain the role of small scale industries in rural areas |
| Answer» Contribute 45% of exportAnd 40% of gross industrial product<br>Provides employment in rural area .improved economic conditions. prevent migration .utilisation of local resources. equitable distribution of national income. balanced regional development .opportunity for addition. | |
| 279. |
How life insurance is different from other insurances .?? |
| Answer» | |
| 280. |
Why retained earning is called self financing |
| Answer» Firms usually keep a certain part of the profits earned before distributing dividends to their shareholders. These undistributed profits are retained in the business for future use and are known as retained earnings.\xa0Retained earnings\xa0are called self financing as\xa0a part of these funds are\xa0reinvested in the business.\xa0<br>Because a portion of companies net profit after tax and dividend which is not distributed but are retained for investment purpose that is why retained earning is also known as self financing.?? | |
| 281. |
what is import export procedure |
| Answer» Export procedure1.Receipt of enquiry and sending quotation2.Receipt of order or indent3.Assessing importer\'s creditworthiness &securing guarantee for payment4.Obtaining export licence5.Obtaining pre-shipment finance6.production of goods7.Pre-shipment inspection8.Excise clearence9.Obtaining certificate of origin10.Reservation of shipping space11.packing and forwarding12.Isurance of goods13.Custom clearence14.Obtaining mate\'s receipt15.payment of freight and insurace of bill of lading16.Preparation of invoice17.Securing paymentImport procedure1.Trade enquiry2.procurement of import license3.Obtaining foreign exchange4.Placing order or indent5.Obtaining letter of credit6.Arranging for finance7.Receipt of shipment advice8.Retirements of import documents9.Arrival of goods10.Custom clearence<br>Exporting refers to selling of goods and services from the home country to a foreign country while importing the first to purchase of foreign productsand bringing them into one\'s home country for example India import medical devices from Korea.?? | |
| 282. |
Features of international business |
| Answer» 1. Involvement of two countries 2. Many bases3. Language difference4. Comparatively more risky | |
| 283. |
A person is selling an old painting at a profit..It is economic or non- economic |
| Answer» Non economic activity | |
| 284. |
What is public private partnership? |
| Answer» It is a legally binding contract b/w govt and private business firm for the provision of public assets or public services for the benifit of people | |
| 285. |
About MNC |
| Answer» 1) Multinational Coorporation is a large company that owns or regulate production across nations.2) They set up offices and factories where they get favorable factor such as availability of raw materials,cheap skilled and unskilled labours,transport and market and most importantly liberalised(free of trade restriction)government policies.Example : Cargill foods ,ford motors etc. | |
| 286. |
What is inbound and outbound KPO and BPO? |
| Answer» | |
| 287. |
Please tell me the important chapters in business studies??.... And important topics?? |
| Answer» Formation of the company , Forms of businsss organization , Business Services , Sources of business finance and International trade | |
| 288. |
What is the difference between AoA and MoA? |
| Answer» Refer to ncert book<br>Givwn in NCERT text book | |
| 289. |
Can public sector compete private sector in terms of profit and efficiency |
| Answer» No | |
| 290. |
What is odb and adb |
| Answer» | |
| 291. |
Who is the parent of the business firm/ organisation |
| Answer» Promotor | |
| 292. |
Which type of organization has a disadvantage namely no benefit to poor people |
| Answer» Multinational companies | |
| 293. |
Sample paper ka solution kha se nikale |
| Answer» | |
| 294. |
Features of public private partnerships |
| Answer» Public-Private Partnership refers to the involvement of private sector in the Govt, projects aimed at public benefit in the form of management expertise and monetary contribution.The following are the main features of PPP :PPPs are related to high priority Govt, planned projects.(2)PPP’s main objective is to combine the skills, expertise and experience of both public and private sectors to deliver high quality services.(3)PPPs divide the risk between public and private sector.(4)The Govt, remains accountable for the quality and costs of the services.(5)PPPs are used in the Govt, projects aimed at public benefit.(6)PPPs projects lead to faster implementation and reduced life cycle. | |
| 295. |
Can u please me help by giving solutions of sample paper 2 and 3...plz its urgent |
| Answer» Answer is answer only | |
| 296. |
Can u plz help me with business studies sample paper 2 and 3 |
| Answer» | |
| 297. |
Features of one man company |
| Answer» \tPrivate company: Section 3(1)(c) of the Companies Act says that a single person can form a company for any lawful purpose. It further describes OPCs as private companies.\tSingle member: OPCs can have only one member or shareholder, unlike other private companies.\tNominee: A unique feature of OPCs that separates it from other kinds of companies is that the sole member of the company has to mention a nominee while registering the company.\tNo perpetual succession: Since there is only\xa0one\xa0member in an OPC, his death will result in the nominee choosing or rejecting to become its sole member. This does not happen in other companies as they follow the concept of perpetual succession.\tMinimum one director: OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.\tNo minimum paid-up share capital: Companies Act, 2013 has not prescribed any amount as minimum paid-up capital for OPCs.\tSpecial privileges: OPCs enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess. | |
| 298. |
Objectives of disinvestment |
| Answer» 03 Amazing facts about tulsi plant | |
| 299. |
Briefly discuss various merits and limitation of outsourcing |
| Answer» Merits of outsourcing areFirst focusing of attention second quest of excellence third cost Reduction forth growth through Alliance 5boost to economic development | |
| 300. |
Why do cooperative society state patronage? |
| Answer» | |