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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.
| 301. |
Real time gross settlement |
| Answer» It refers to a funds transfer system where transfer of funds takes place from one bank to another on a real time and on gross basis . Settlement in real time means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. Gross settlement means the transaction is settled on one to one basis without bunching or netting with any other transaction.<br>Real time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits across the books of a central bank (e.g. bundling transactions). | |
| 302. |
Define the services given by the post office |
| Answer» ollowing are the allied facilities provided by postal departments :1.\xa0Greeting Post: Beautiful greeting cards.2.\xa0Media Post : Effective media for indrain corporate to advertise their brand through post cards, envelops, telegrams etc.3.\xa0Direct post for direct advertising.4.\xa0International money transfer through collaboration with Western Union finance services, USA which enables remittances of money from 185 countries to India.5.\xa0Speed post: It has over 1000 destination in India and links with 97 major countries across the globe.6.\xa0e-bill post is the latest invention of the department to collect bill payment across the counter for BSNL and Bharti Airtel. | |
| 303. |
What are the drawacks and benefits of e-commerce |
| Answer» Advantages of e-commerce :1.\xa0e-commerce provides speedy business services.2.\xa0e-commerce is accessible\xa0to the global market.3.\xa0It is a movement towards a popular society.4.\xa0It is easy to form and requires lower investment.5.\xa0It is convenient.6.\xa0e-commerce makes flexible manufacturing and mass customisation possible.Diadvantages of e-commerce :(a)It lacks personal touch.(b)\xa0The physical delivery of the product takes time.(c) There is a need for technology capability and competance of parties and e-Business.(d) There is increased risk due to anonymity and non-traceability of parties.(e) People resist e-commerce as it involves adjustment to new technology and new way of doing things. | |
| 304. |
What are the problems faced by small scale industries |
| Answer» Small business have been facing a large number of problems compared to large scale industries.The scale of operations, shortage of funds, procurement of raw materials are some of them.The detailed description of such problems are given below(i) Finance The most serious problem faced by SSIs is that non availability of adequate finance to carry out their operations. Small scale sector lacks the credit worthiness and collateral required to raise capital from the capital markets or financial institutions and hence they depend on local money lenders who charge high interest rates. These units also suffer from lack of adequate working capital, either due to delayed payment of dues to them or locking up of their capital in unsold stocks.(ii) Raw Materials Another major problem of small business is the procurement of raw materials. If the required materials are not available, they have to compromise on the quality or have to pay a high price to get good quality materials. They purchase raw materials in small quantities due to lack of storage capacity and hence their bargaining power is low.(iii) Managerial Skills Small business is generally promoted and operated by a single person, who may not possess all the managerial skills required to run the business. Many of the small business entrepreneurs possess sound technical knowledge, but are less successful in marketing and may not find enough time to take care of all functional activities. At the same time they are not in a position to afford professional managers.(iv) Less Productive Labour Small business firms cannot afford to pay high salaries to their employees, which affects employee willingness to work. Thus, productivity per employee is relatively low and employee turnover is generally high. Small business organisations are unable to attract talented people because of lower remuneration. Division of labour cannot be practised in small scale units, which results in lack of specialisation and concentration.(v) Marketing Effective marketing is a weaker area of small organisations. These organisations depend excessively on middlemen, who at times exploit them by paying low price and delaying payments. Direct marketing is also not feasible for small business firms as they lack the necessary infrastructure.(vi) Quality Small business organisations generally concentrate on cutting the cost and keeping the prices low. In doing this, they are unable to maintain the desired standards of quality as they do not have adequate resources to invest in quality research and expertise to upgrade technology.(vii) Capacity Utilisation Small business firms have to operate below full capacity due to lack of demand. Due to this, their operating costs tend to increase which gradually leads to sickness and closure of the business.(viii) Technology Use of outdated technology is a serious shortcoming of small industries which results in low productivity and uneconomical production.(ix) Sickness Small industries become sick due to both internal and external causes. Internal problems include lack of skilled and trained labour and managerial and marketing skills. Some of the external problems include delayed payment, shortage of working capital, inadequate loans and lack of demand for their products.(x) Global Competition Small businesses are threatened with global competition from multinational corporations and cheap imports. It is difficult for them to compete with the quality standards, technological skills and marketing capabilities of the large multinationals. | |
| 305. |
WHAT IS FLOATATION COST ❓❔❓?? |
| Answer» It is the total cost incurred by a company inoffering its securities to the public.?? | |
| 306. |
What is the changing role of public sector? Explain |
| Answer» The role and importance of public sector in the society has been changing with time.it\'s role in the development of the country over a period of time can be summarised as followings:1Develoent of infracture.2regional balance.3economies of scale.4import substitution.5restruction economics concerntration?? | |
| 307. |
Types of digital payments |
| Answer» Banking card , mobile banking , internet banking , e - wallet , upi , ussd<br>-Banking cards-mobile wallets-bank prepaid cards-internet banking. | |
| 308. |
What is the features of partnership |
| Answer» General features:(1.) Utmost good faith(2.) Unlimited liability(3.) Legal activityStatutory features:(1.) Principal-agent relationship(2.) More than one person(3.) Profit motive | |
| 309. |
What is meant by partner by estopple? Explain |
| Answer» Partner by estoppel is a person be considered as a partner by estoppel if , through his or her own initiatives , conduct or behaviour , he or she gives an impression to others that he/she is a partner of the firm. Such partners are held liable for the debts of the firm.????? | |
| 310. |
What is 1.) CII2.) AEPC3.) RCMC?? |
| Answer» CII FROM BOOK AND AEPC AND RCMC FROM SCHOOL NOTES KK?<br>Learned from ncert<br>Did you know it or your googled it? If you knew it, which book do you study? Plzz reply.<br>1 Confederation of Indian Industry2 Apparel Export Promotion Council 3 Registration-Cum- Membership Certificate | |
| 311. |
What is meant by a company? |
| Answer» A company is an artificial person created by law having perpetual succession with common seal having separate legal entity.<br>A company is an association of persons formed for carrying out business activities and has a legal status independent of its members. | |
| 312. |
Company of E_business? |
| Answer» Thanks for this answer<br>The company allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. It is one of the leading Fintech company that is providing payment technology to online merchants. The company is headquatered in Netherlands. | |
| 313. |
From where i can get value based questions other than book |
| Answer» Poonam gandhi book | |
| 314. |
How to solve and undrestand case study |
| Answer» Of business<br>Tharo with all chapters | |
| 315. |
Explain the five problems of small business ? |
| Answer» Lack of managerial efficiencyLabour problem due to lack to skilled or expert labour.Burden on local taxes.Poor product quality.??????<br>Small business has less profit<br>Small business has more risk | |
| 316. |
The word \'assurance\' is used for |
| Answer» To the person whose life is insured is call assured because all the amount specified in the insurance in given when a certain age or his dependence will get that sum in the event of his/her death.<br>Insurance and assurance both are different word.<br>Life insurance<br>the state of being sure or certain about something | |
| 317. |
Moa aoa different between |
| Answer» 1.MOA is the constitution of the company 2.it define power and objective of the company 3. It is fundamental unit of the company 4.alteration of moa is compulsry 5.MOA is kown as doctrine of outdoor manage 6. It define the relationship of company with outsiderAoa-1.it refers to bye law of the company which help in smooth manage of the company.2.it contains rules and regulations of the company 3.it is the supplementary document of the company 4.alteration of aoa is not compulsry 5.aoa is kown as doctrine of indoor management<br>MOA:position-it is an important document.AOA-itis a subsidary document<br>MOA:meaning-it defines the objectives of the company.AOA-it defines the rules for attaining the acheivements | |
| 318. |
Define debenture |
| Answer» Debentures are the acknowledgement of debt taken by a company from the public for a fixed period of time at a given rate of interest.Debentures give following benefits/merits:(a) Low cost : the cost of raising debentures is less than the cost of raising preference shares or equity shares. It is a cheaper source of finance. -(b) No dilution of control : Debenture holders do not get any voting rights. They are not allowed to participate in decision making. Thus do not dilute the control of equity shareholders.(c)Tax benefit for the company : The interest paid to debenture holders is considered as an expense of the company so the liabiltiy of tax reduces and the company gets tax benefits issuing debentures. | |
| 319. |
What is global depositary receipts? |
| Answer» Global depository receipt ( GDR ) is an instrument which the companies of a country issue in US dollar in order to obtain foreign capital. | |
| 320. |
What is the difference between credit score and credit rating |
| Answer» Credit ratings are expressed as letter grades and used for businesses and governments. Credit scores are numbers used for individuals and some small businesses. An individual\'s credit score is based on information from the three major credit reporting agencies, and scores range from 300 to 850. | |
| 321. |
state 2 features of joint venture |
| Answer» 1.Wider concept compared to collaboration2.Coming together of 2 companies | |
| 322. |
What is joint ventures?? |
| Answer» Joint Ventures can be with a company of same industry or can be of some other industry, but with a combination of both, they will generate a competitive advantage over other players in the market.Benefits of joint ventures are :1.Reduces competition : When two companies join together, it results in reducing the competition as instead of wasting resources in competition they will strengthen their organisation.2.Reduces risk : High risk involved in new and innovative ventures can be reduced when two companies join together to share the risk.3.Advanced technology : By joining hands with foreign companies, Indian companies can get the benefit of advanced technology.4.Large capital : In joint ventures, two companies together contribute capital. As a result, large capital can be arranged without much difficulty.5.Reduction in cost: When two firms join together, they can operate on a large scale and get the benefit of economies of scale hence reduces cost of production and marketing. | |
| 323. |
Volentary membership |
| Answer» Voluntary membership is present in joint stock company. | |
| 324. |
How does long term planning differ from short term planning |
| Answer» | |
| 325. |
How to prepare a Project on \'\' A Visit To A Mall\'\'? |
| Answer» | |
| 326. |
What are the verious stages of production process |
| Answer» Primary, secondary and tertiary | |
| 327. |
What is lese financing |
| Answer» A lease can be defined as a contractual agreement wherein one party i.e., the owner of an asset bestows the other party the right to use the asset in return for a periodic payment. It is otherwise called a process of leasing an asset for some specified period. The owner of the asset is called as the \'lessor\' and the party that makes use of the asset is called as the \'lessee\' (see Box A). The lessee pays a fixed periodic amount called lease rental to the lessor for the use of the asset. The terms and conditions that bound the lease arrangements are mentioned in the lease contract. During the end of the lease period, the asset is returned to the lessor. Lease finance paves way for an important means of modernisation and diversification to the organization. This type of financing is more rampant in the acquisition of such assets as computers and electronic equipment that become obsolete quicker due to the fast changing technological developments. In the process of making the leasing decision, the cost of leasing an asset should be compared with the cost of owning the same. | |
| 328. |
What is trede? |
| Answer» If it\'s trade then answer will be {{{ Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. }}} | |
| 329. |
what is psu |
| Answer» Business ethics is defined as a form of applied ethics, which studies ethical principles, morals and problems that take place in the business environment.<br>What is business ethics?<br>What\'s this? Can you please explain this ARPAN KHEDE<br>public sector unit | |
| 330. |
Full form of FOB |
| Answer» Free on Board (FOB)It is an\xa0international shipping agreements used in the transportation of goods between a buyer and a seller.It indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.\xa0 | |
| 331. |
What is moa please comment in simpel language |
| Answer» A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. | |
| 332. |
"Risk in business is not by choice but a compulsion"comment |
| Answer» Risk ni the business can be reduced but cannot becompletely eliminated Degree of risk depend on nature and size of busines for eg:A LARGE scale industry has more risk compared to small scale industry .similarly a fashion industry has more risk in relation to a textile industry | |
| 333. |
Explain Process ofFormation of company |
| Answer» Promotion Incorporation Capital subscription Commencement of business<br>If | |
| 334. |
Name two human causes of business risk? |
| Answer» Dishonesty of employee and Dissatisfaction b/w workers and manager<br>Theft,strikes<br>Bear the losses, damage the product, | |
| 335. |
What are speciality shops? |
| Answer» Speciality shops refers to those shops in which the product are there in a single line that is known as speciality shops for example women\'s wear, school uniform<br>specialty shops specialise in the sale of specific line of products (only one type of goods)Eg: men\'s wear, school uniform | |
| 336. |
What are the source of income |
| Answer» Profit | |
| 337. |
Ch no 7formation of a company is not there |
| Answer» It is included in chapter 2 i.e. FORMS OF BUSINESS ORGANISATION | |
| 338. |
What is the scope of small business |
| Answer» Defining small scale industry is a difficult task because the definition of small scale industry varies from country to country and from one time to the another in the same country depending upon the pattern and stage of development, government policy and administrative set up of the particular country. Every country has set its own parameters in defining small scale sector. Generally, small scale sector is defined in terms of investment ceilings on the original value of the installed plant and machinery. But in the earlier times the definition was based on employment. In the Indian context, the parameter are as follows. The Fiscal Commission, Government of India, New Delhi, 1950, for the first time defined a small-scale industry as, one which is operated mainly with hired labour usually 10 to 50 hands. Fixed capital investment in a unit has also been adopted as the other criteria to make a distinction between small scale and large-scale industries. This limit is being continuously raised upwards by Government. | |
| 339. |
Briefly explain the export trade procedures. |
| Answer» | |
| 340. |
Export Procedure |
| Answer» | |
| 341. |
Is farmer a business ,profession or employment..??? |
| Answer» Business<br>Farmer is a profession because farmer needs some specialised knowledge about the crops .?☘️?????<br>Employment<br>profession | |
| 342. |
Mr. X is interested in floating a company.Discuss the steps he should take |
| Answer» | |
| 343. |
What is a general company?? |
| Answer» The general company is the first part of the business plan that will actually be written. This section follows the executive summary and is the second part of the business plan. This section provides a general direction of the business and outlines the company for potential investors or potential partners. In this section you can include details about your business, your business structure, and your business’ core values. | |
| 344. |
By which name has members of joint Hindu family as known? |
| Answer» Members of HUF(Hindu undivided family) are known as coparceners.\xa0 | |
| 345. |
Steps done in order to issue shares ? |
| Answer» | |
| 346. |
History of the first Mall of world and first Mall of India, project in BST |
| Answer» | |
| 347. |
What is meant by separate lagal entity? |
| Answer» Business is an artificial person...a legal entity and the transactions that are conducted by the business are separate from the owners personal transactions.<br>Business is seperate from its owner. | |
| 348. |
Why should we have debt component in our capital structure |
| Answer» | |
| 349. |
Why there is internatioal business |
| Answer» When we trade across the geographical boundaries with other country is international trade | |
| 350. |
Explain breifly changing role of public sector |
| Answer» | |