Class 11 Business Studies - Chapter Business, Trade and Commerce NCERT Solutions | Explain the concept of business risk and

What factors are to be considered while starting a business? Explain.

Discuss the development of indigenous banking system in Indian subcontinent.

What were the different types of Hundi in use by traders in ancient times?

Define Industry. Explain various types of industries giving examples.

Why is business considered as economic activity?

List the major exports and imports in ancient India.

Define business. Describe its important characteristics.

State the different types of economic activities.

List any five major commercial cities of ancient India?

Describe the activities relating to commerce.

What is the role of promoters in the formation of a company?

Define services and goods.

State any three differences between e-business and traditional business.

1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations

2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability

3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes

4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees

5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company

6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share

7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager

8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative

9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
(c) Nominal partner (d) Secret partner

1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent

2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament

3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs

4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF

5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s

6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership

What is meant by Social Responsibility in Business?

Define 'Memorandum of Association' and its significance.

What is e-banking. What are the advantages of e-banking?

How does outsourcing represent a new mode of business?

What are the causes of environmental pollution by businesses?

Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.

Explain the functions of commercial banks with an example of each.

Elaborate on the contents of the 'Memorandum of Association' and their significance.

What are the differences between Public and Private Enterprises?

What is a Public Sector Enterprise?

Evaluate the need for outsourcing and discuss its limitations.

Define 'Memorandum of Association' and its significance.

1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations

2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability

3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes

4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees

5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company

6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share

7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager

8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative

9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
(c) Nominal partner (d) Secret partner

What are the ethical concerns involved in outsourcing?

Explain the principles of insurance in detail.