Define business and mention its primary | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

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.

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

Evaluate the need for outsourcing and discuss its limitations.

Explain the concept of B2C commerce.

How does outsourcing represent a new mode of business?

List any five major commercial cities of ancient India?

Explain warehousing and its functions.

Define services and goods.

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

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

Write a note on various telecom services available for enhancing business.

What is a Public Sector Enterprise?

Explain in detail the warehousing services.