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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.
| 3101. |
featers of sole proprictorship Advantoge and disadvan tye of sole proprictorship |
| Answer» Features1.no legal formalities2.secrecy3.unlimited liability4.sole risk bearer and profit recipient.5.quick decision6.single ownerMerits1.no legal formalities2.quick decision3.easy to open and close.4.sense of accomplishment.5.sole profit recipientDemerits1.unlimited liability2.uncertain life3.sole risk bearer4.limited resources5.limited capital | |
| 3102. |
what are the consequences of non-reqistration of a partnership firm |
| Answer» | |
| 3103. |
Retailer trade |
| Answer» Retailer trade refers to buying and selling good in small quantities. | |
| 3104. |
Which form of business organisation gives all the rights to a minor member? |
| Answer» Partnership | |
| 3105. |
Shotes notes of international tradePls give |
| Answer» | |
| 3106. |
Nature of outsourcing |
| Answer» | |
| 3107. |
Please give me dav sample paper |
| Answer» | |
| 3108. |
What is lease financing |
| Answer» In which risks inherent in the leased assets are transferred to lessee under the leased arrangement | |
| 3109. |
Innovation is the most important object of the business? how. |
| Answer» | |
| 3110. |
What is the e business |
| Answer» e business is a business which run online... | |
| 3111. |
give the name of the financial source when one company give loan to another company. |
| Answer» | |
| 3112. |
Difference between shares and debentures |
| Answer» Shares is the part of owner\'s fund. The person who holds it is treated as a owner of a company. On the other hand, debenture is a part of borrowed fund. The person who holds it, is treated as a creditor of a company... | |
| 3113. |
What is the principle of subrogation |
| Answer» According to this principle, after paying the compensation, the insurer takeover the product. | |
| 3114. |
How to get marks in bst? |
| Answer» Only understood topics and write by urself in points if u will write points u will get maximum marks<br>Business is a understandable subject u need not to read this in details only important facts should be learn I got 100 marks in my half year syllabus | |
| 3115. |
Ch7 |
| Answer» | |
| 3116. |
What are the various problems face by small scale industry? |
| Answer» ProblemsThose problems faced by the Small Scale Industries in India are as follows:1. Non-availability of raw materials: Our small scale and cottage industries suffer from the want of raw materials, important components and equipment. The allocation of these inputs is residuary in this sector.2. Problem of finance: The small enterprises are naturally very weak in matter of finance. They are often to depend on indigenous and unscrupulous money lenders who charge very high rates of interest.3. Low technical skill: There is scarcity of technical skill and managerial ability in this sector. The organizers and artisans of the small enterprises lack proper knowledge of the modern technology and the marketing conditions.4. Problems of the market: Products of these enterprises in spite of their originality are not often standardized and therefore, are not exposed to advertisement. There is a gap of information between the producer and the prospective buyers.5. Competition of large scale industries: Large stale industries enjoy the economics of scale and are at the same time favored by the bureaucrats.The clearance of the applications of the smaller units often takes unduly 1ong time.The Government of India has taken certain measures to mitigate the problems of Small Scale Industries. Our Five-Year Plans have, given importance to the small sector. | |
| 3117. |
Why employee are scared of outsourcing? |
| Answer» | |
| 3118. |
Red tapism |
| Answer» It is a type of excess paper work and very hard procedure... like IN an office there any occasion has to be done soo firstly they will start paper work(giving letter to head for permission vgerh) paper work krne ke kaaran action jldi ni le paate h . now u got it? | |
| 3119. |
Define retail trade? |
| Answer» it is a trade in which the buyer is final consumer of the goods and the person who do retail trade os called retailer. | |
| 3120. |
Define promoter? What are its functions? |
| Answer» Promoter:The idea of carrying on a business which can be profitably undertaken is conceived either by a person or by a group of persons who are called promoters. After the idea is conceived, the promoters make detailed investigations to find out the weaknesses and strong points of the idea, to determine the amount of capital required and to estimate the operating expenses and probable income.Functions of a Promoter:\xa0The Promoter Performs the following main functions:\tTo conceive an idea of forming a company and explore its possibilities.\tTo conduct the necessary negotiation for the purchase of business in case it is intended to purchase as existing business. In this context, the help of experts may be taken, if considered necessary.\tTo collect the requisite number of persons (i.e. seven in case of a public company and two in case of a private company) who can sign the ‘Memorandum of Association’ and ‘Articles of Association’ of the company and also agree to act as the first directors of the company.\tTo get the Memorandum of Association (M/A) and Articles of Association (A/A) drafted and printed.\tTo make preliminary contracts with vendors, underwriters, etc.\tTo make arrangement for the preparation of prospectus, its filing, advertisement and issue of capital.\tTo arrange for the registration of company and obtain the certificate of incorporation.\tTo defray preliminary expenses.\tTo arrange the minimum subscription. | |
| 3121. |
General and limited partnership |
| Answer» | |
| 3122. |
Short note on placing order or indent |
| Answer» | |
| 3123. |
What is bussiness? Where to develop bussiness |
| Answer» ????<br>Business is an economic activity in which people regularly engage in production of goods and services with the main aim of earning profit....and you have to develop business from your own mind | |
| 3124. |
Merit and demerit of chain stores |
| Answer» Merit. In chain stores,goods are sold only for cash. So, there are no chances or fear of bad debts. 2. They deal in fixed price. 3. The goods supplied to chain stores are of high quality Demerits. 1. Chain stores are specialised in one line of products 2. Chain stores offer no extra facilities to attract the customer 3. Lack of personal touch | |
| 3125. |
What\'s is full form of NABADA |
| Answer» NABARD = National bank for agricultural and rural devlopment<br>Nabada | |
| 3126. |
Deference between business and trade |
| Answer» ●Business is an economic activity in which people regularly engage in production of goods and services to earn profit.●Trade is transferring of goods from one state to other. | |
| 3127. |
We get general stores only in residential colonies?? |
| Answer» | |
| 3128. |
Meaning of pertaining in hindi |
| Answer» | |
| 3129. |
What is commercial paper ? |
| Answer» | |
| 3130. |
Nature and purpose of business |
| Answer» | |
| 3131. |
What is iternal trade |
| Answer» Internal trade is the trade in which the buying and selling of goods takes place within the boundary of a country...<br>Internal trade is trade which take place within the country | |
| 3132. |
What is SIDO (small industries development organization) |
| Answer» | |
| 3133. |
differnce between private,public and gornment company |
| Answer» | |
| 3134. |
Describe claim over residual income. |
| Answer» | |
| 3135. |
What is the full form of nabard |
| Answer» National Bank for agriculture and rural development | |
| 3136. |
Arguments against social responsibility? |
| Answer» 1:Violation of profit maximation objective. 2:Increase workload. 3:Increase expenses. 4:It is the responsibility of government. | |
| 3137. |
Why is equity share a costly affair than other methods? |
| Answer» Equity shareholders have rights to control the affair of a company, they are the actual owners of a company... | |
| 3138. |
As an investor would you invest in shares or debentures? Justify by 3 reasons? |
| Answer» I prefer to invest in debentures because 1: get interest on the amount. 2: get the amount after a fixed period at any condition. 3: company have to submit security against debenture.... | |
| 3139. |
What is marine insurance |
| Answer» Marine insurance provides protection against loss by marine perils or perils of the sea..... | |
| 3140. |
What is lease financing? Give its merits and demerits. |
| Answer» Lease financing is one of the important sources of medium- and long-term financing where the owner of an asset gives another person, the right to use that asset against periodical payments. The owner of the asset is known as lessor and the user is called lessee.The periodical payment made by the lessee to the lessor is known as lease rental. Under lease financing, lessee is given the right to use the asset but the ownership lies with the lessor and at the end of the lease contract, the asset is returned to the lessor or an option is given to the lessee either to purchase the asset or to renew the lease agreement.PURPOSE OF LEASING?The purpose of choosing a lease can be many. Generally, a lease is structured for following reasons.\tBenefits of Taxes:\xa0Tax benefit is availed to both the parties, i.e.\xa0Lessor and Lessee. Lessor, being the owner of the asset, can claim\xa0depreciation\xa0as an expense in his books and therefore get the tax benefit. On the other hand, the lessee can claim the MLPs i.e. lease rentals as an expense and achieve tax benefit in a similar way.\tAvoid Ownership and thereby Avoiding Risks of Ownership:\xa0Ownership is avoided to avoid the investment of money into the asset. It indirectly keeps the leverage low and hence opportunities of borrowing money remain open for the business. A\xa0Lease is an off-balance sheet\xa0item.ADVANTAGES OF LEASING\t\tBALANCED CASH OUTFLOW-The biggest advantage of leasing is that cash outflow or payments related to leasing are spread out over several years, hence saving the burden of one-time significant cash payment. This helps a business to maintain a steady cash-flow profile.\t\t\tQUALITY ASSETS-While leasing an asset, the ownership of the asset still lies with the lessor whereas the lessee just pays the rental expense. Given this agreement, it becomes plausible for a business to invest in good quality assets which might look unaffordable or expensive otherwise.\t\t\tBETTER USAGE OF CAPITAL-Given that a company chooses to lease over investing in an asset by purchasing, it releases capital for the business to fund its other capital needs or to save money for a better capital\xa0investment decision.\t\t\tTAX BENEFIT-Leasing expense or lease payments are considered as operating expenses, and hence, of interest, are tax deductible.\t\t\tOFF-BALANCE SHEET DEBT-Although lease expenses get the same treatment as that of interest expense, the lease itself is treated differently from debt. Leasing is classified as an off-balance sheet debt and doesn’t appear on company’s balance sheet.\t\t\tBETTER PLANNING-Lease expenses usually remain constant for over the asset’s life or lease tenor, or grow in line with inflation. This helps in planning expense or cash outflow when undertaking a budgeting exercise.\t\t\tLOW CAPITAL EXPENDITURE-Leasing is an ideal option for a newly set-up business given that it means lower initial cost and lower CapEx requirements.\t\t\tNO RISK OF OBSOLESCENCE-For businesses operating in the sector, where there is a high risk of technology becoming obsolete, leasing yields great returns and saves the business from the risk of investing in a technology that might soon become out-dated. For example, it is ideal for the technology business.\t\t\tTERMINATION RIGHTS-At the end of the leasing period, the lessee holds the right to buy the property and terminate the leasing contract, this providing flexibility to business.\tDISADVANTAGES OF LEASING\t\tLEASE EXPENSES-Lease payments are treated as expenses rather than as equity payments towards an asset.\t\t\tLIMITED FINANCIAL BENEFITS-If paying lease payments towards a land, the business cannot benefit from any appreciation in the value of the land. The long-term lease agreement also remains a burden on the business as the agreement is locked and the expenses for several years are fixed. In a case when the use of asset does not serve the requirement after some years, lease payments become a burden.\t\t\tREDUCED RETURN FOR EQUITY HOLDERS-Given that lease expenses reduce the net income without any appreciation in value, it means limited returns or reduced returns for an equity shareholder. In such case, the objective of\xa0wealth maximization\xa0for\xa0shareholders\xa0is not achieved.\t\t\tDEBT-Although lease doesn’t appear on the balance sheet of a company, investors still consider long-term lease as debt and adjust their valuation of a business to include leases.\t\t\tLIMITED ACCESS OF OTHER LOANS-Given that investors treat long-term leases as debt, it might become difficult for a business to tap capital markets and raise further loans or other forms of debt from the market.\t\t\tPROCESSING AND DOCUMENTATION-Overall, to enter into a lease agreement is a complex process and requires thorough documentation and proper examination of an asset being leased.\t\t\tNO OWNERSHIP-At the end of the leasing period, the lessee doesn’t end up becoming the owner of the asset though quite a good sum of payment is being done over the years towards the asset.\t\t\tMAINTENANCE OF THE ASSET-The lessee remains responsible for the maintenance and proper operation of the asset being leased.\t\t\tLIMITED TAX BENEFIT-For a new start-up, the tax expense is likely to be minimal. In these circumstances, there is no added tax advantage that can be derived from leasing expenses.\t | |
| 3141. |
Internal trade |
| Answer» The trade which run within a single country is known as internal trade... | |
| 3142. |
Example of LIC Act 1956 |
| Answer» | |
| 3143. |
Give any two reasons against social obligations.... |
| Answer» 1 for future customers2 for discount on tax3 for goodwill | |
| 3144. |
What is retail trade |
| Answer» When the goods are sold by the seller directly to the customer, it is called retail trade... | |
| 3145. |
Why are departmental stores not popular in india |
| Answer» Below are the reasons given for non popularity of departmental stores in Inida:1.\xa0High cost:One of the major disadvantages of such stores is that the cost of doing business is very high. Due to excessive departmentalisation and additional facilities offered, cost of such business remains high. In order to cover such costs, goods are generally sold at a high price. As a result, only rich customers who care for quality and services take the advantages of departmental stores.2.\xa0Local inconvenience:Since departmental stores are situated at central shopping areas, people living at distant places can not avail the services of such stores. For buying daily use goods and frequently purchased items, such stores are of little use since the customer cannot go to a long distance to purchase daily use items. Rather, customers prefer purchases from nearby shops.3.\xa0Higher rent for premises:As departmental stores are located at central shopping areas, the rents of such premises are usually very high. This also adds to the overhead expenses.4.\xa0Lack of personal touch in selling:In departmental stores, there is always absence of personal touch in selling because of hired salesmen, managers and supervisors. These hired personnel with different likings and temperaments cannot provide personal attention to the customers. On the other hand, a small retailer can pay personal attention to the needs of the customers.5.\xa0Lack of proper supervision:There is always a lack of proper supervision in the departmental store operations because of the expenses of the business. Management has to depend upon managers and supervisors who may lack interest in the business.6.\xa0Large capital:Departmental store requires large amount of capital for establishment and operation. In fact, a departmental store cannot be started with small capital.7.\xa0Higher risk of loss:Risk of loss is always higher in departmental stores. Due to undersale, some departments may face loss. Sometimes the departmental store has to sell the old stock at reduced prices to replace the old goods. This clearance sale may also lead to heavy loss.8.\xa0Limited scope in India:Departmental stores have not been popular in India. It cannot be opened in remote villages or small towns. They require huge capital and high managerial talents, which is lacking in India.\xa0 | |
| 3146. |
What do you by commerce |
| Answer» Its an opting subject in class 11 std... | |
| 3147. |
What is redeemable preference shares ? |
| Answer» \tThe fund provided by the owners in to a business is known as capital. You know that capital of the business depends upon the form of business organization.\tFrom ownership point of view, there are number of business organizations like, sole proprietorship business, partnership business, cooperative societies, joint stock companies etc.\tTotal capital of the company is divided into a number of small units of fixed amount and each such unit is called a share.\tThe fixed value of a share register with the registrar of Companies is called face/ nominal value. However, a company can issue shares at a price different from its nominal value or face value.\tAs the total capital of the company is divided into shares, the capital of the company is known as share capital.\tA company can issue two types shares equity shares and preference shares. The issue of preference shares is one of the important sources of capital of a company.\tRedemption is the process of repaying an obligation at predetermined amounts and timings.\tThe redeemable preference shares are issued on the terms that share holders will at a future date be repaid amount which they invested in the company.\tAccording to the\xa0Companies Act, 1956, a company can issue only redeemable shares i.e. at present a company cannot issue irredeemable preference shares. | |
| 3148. |
Give me some ideas on how to prepare project on stock exchange |
| Answer» | |
| 3149. |
Give me some ideas on how to prepare project on stock exchange in India |
| Answer» | |
| 3150. |
What purpose is served by wholesalers providing warehousing facilities? |
| Answer» Wholesalers keep the goods assembled by themin their warehouses to supply them to retailerswhenever they require. This service is provided bythe wholesaler by providing ware-house facilities. | |