Class 11 Business Studies - Chapter Social Responsibilities of Business and Business Ethics NCERT Solutions | Elaborate on the concept and elements of

Define business ethics.

What are the arguments against social responsibility?

What are the causes of environmental pollution by businesses?

Explain the social responsibilities of a business towards various stakeholders.

What are the different types of social responsibilities?

Explain the need for social responsibility in businesses.

What is meant by Social Responsibility in Business?

Discuss the role of businesses in environmental protection.

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

List any five major commercial cities of ancient India?

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 is Hundi?

Explain the role and significance of Public Sector Enterprises in India.

Explain the principles of insurance in detail.

Discuss the importance of the 'Articles of Association' in a company.

Describe various types of insurance and examine the nature of risks protected by each type of insurance.

What are the legal effects of the 'Certificate of Incorporation'?

List any five major commercial cities of ancient India?

Describe in detail the stages involved in the formation of a public company.

Analyze the significance of the 'Prospectus' in the formation of a public company.

Explain briefly the principles of insurance with suitable examples.

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