Class 11 Business Studies - Chapter Emerging Modes of Business NCERT Solutions | Elaborate the steps involved in on-line
Elaborate the steps involved in on-line trading.
The steps that are involved in online trading are as follows :
(a) Registration, (b) Placing an order and (c)Payment mechanism.
(a) Registration : Before oding online shopping we have to register with the online vendor by filling up registration form. Registration means an account that is formed with the online vendor. Password is necessary to be filled otherwise one can use our name and can put in the trouble.
(b) Placing an Order : Items can be added in the shopping cart. Shopping cart is a online record of what we pick up from the store while processing the online store. After selecting what we want to pay, we can checkout and choose our payment method options.
(c) Payment Mechanism : This could be done in many ways :
1. Cash on Delivery : Payment for the goods, ordered on online may be made in cash at the time of delivery.
2. Cheque : Online vendor may arrange for the pickup of the cheque from the customer’s end.
3. Non-Banking Transfer : In this, buyer may transfer the amount for the agreed price of transaction to the account of the online vendor who may then proceed to arrange for the delivery of goods.
4. Creditor Debit Cards : It means as plastic money. Credit cards allows its holder to make purchase on it. The amount due from the card holder to the online seller is assumed by the card issuing bank. Buyer account is debited. Debit cards allows its holder to make purchases through it to the extent of the amount lying in the corresponding account. The movement of transaction is made, the amount which is due as payment is deducted electronically or automatically from the card.
5. Digital cash : This is a form of electronic currency which exists only in cyber space. This type of currency has the actual physical properties, but offers the ability to use real currency in the electronic format.
More Questions From Class 11 Business Studies - Chapter Emerging Modes of Business
- Q:-
Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.
- Q:-
Evaluate the need for outsourcing and discuss its limitations.
- Q:-
Describe briefly the data storage and transmission risks in e-business.
- Q:-
Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.
- Q:-
What are the ethical concerns involved in outsourcing?
- Q:-
Discuss the salient aspects of B2C commerce.
- Q:-
Describe briefly any two applications of e-business.
- Q:-
How does outsourcing represent a new mode of business?
- Q:-
State any three differences between e-business and traditional business.
Popular Questions of Class 11 Business Studies
- Q:-
Define services and goods.
- Q:-
1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager8. 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 cooperative9. 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 - Q:-
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 cent2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF5. 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’s6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership - Q:-
List any five major commercial cities of ancient India?
- Q:-
What is e-banking. What are the advantages of e-banking?
- Q:-
What is Hundi?
- Q:-
Write a note on various telecom services available for enhancing business.
- Q:-
List the major exports and imports in ancient India.
- Q:-
Explain briefly the principles of insurance with suitable examples.
- Q:-
What were the different types of Hundi in use by traders in ancient times?
Recently Viewed Questions of Class 11 Business Studies
- Q:-
1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager8. 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 cooperative9. 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 - Q:-
Define services and goods.
- Q:-
Define Industry. Explain various types of industries giving examples.
- Q:-
State the meaning of business.
- Q:-
What are services? Explain their distinct characteristics.
- Q:-
Discuss the development of indigenous banking system in Indian subcontinent.
- Q:-
State the different types of economic activities.
- Q:-
List the major exports and imports in ancient India.
- Q:-
Describe various types of insurance and examine the nature of risks protected by each type of insurance.
- Q:-
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 cent2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF5. 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’s6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership
- All Chapters Of Class 11 Business Studies
- All Subjects Of Class 11