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29701.

Which of the following cannot he classified as an objective of business. (a) Investment (b) Productivity (c) Innovation (d) Profit earning

Answer»

(a) Investment. 

29702.

Name any two owners fund.

Answer»

1. Equity shares. 

2. Retained earnings.

29703.

Name any one type of Bank account.

Answer»

Savings Bank Account.

29704.

Match A with B and C.  Column A  Column B   Column C1. FactoringA.  High risk capital(i) Place utility2. Mutual fundsB. Collection of accounts receivable(ii) Risk project implemented3. TransportC. Fastest means of communication(iii) Ensures liquidity4. Venture capitalD. Reduces risk(iv) Investment of resources in different type of share and bounds5. InternetE. Remove hintrance of place(v) Right time information possible 

Answer»
  Column A  Column B   Column C
1. Factoring B. Collection of accounts receivable (iii) Ensures liquidity
2. Mutual fundsD. Reduces risk (iv) Investment of resources in different type of share and bounds
3. Transport E. Remove hintrance of place (i) Place utility
4. Venture capitalA.  High risk capital(ii) Risk project implemented
5. InternetC. Fastest means of communication(v) Right time information possible 
29705.

Give the meaning of Cookies in online transactions.

Answer»

A cookie is information that a website puts on your hard disk so that it can remember something about you at a later time. In other words, it is information for future use that is stored by the server on the client side of a client/server communication.

29706.

State any two arguments for Social Responsibility of Business.

Answer»

The arguments for social responsibilities are: 

1. Public image: The activities of business towards the welfare of the society earn goodwill and reputation for the business. The earnings of business also depend upon the public image of its activities. 

2. Government regulation: To avoid government regulations businessmen should discharge their duties voluntarily.

29707.

State any two steps in the formation of a company.

Answer»

1. Memorandum of Association. 

2. Articles of Association.

29708.

State any two characteristics of business.

Answer»

Characteristics of business are : 

1. An economic activity. 

2. Earning profit.

29709.

Name any two types of Telecom Services.

Answer»

1. Cellular mobile services. 

2. Radio paging services.

29710.

State any two arguments against social responsibility. 

Answer»

1. Burden on consumers. 

2. Lack of social skills.

29711.

Give the meaning of co-operative societies.

Answer»

Co-operative organisation is a society which its objectives for the promotion of economic interest of its members in accordance with co-operative principles.

29712.

State any two limitations for Departmental Undertaking.

Answer»

1. Departmental undertakings fails to providing with limited resources. 

2. Not allowed to take independent decision.

29713.

What do you mean by Telecom Services?

Answer»

It is a service provided by a tele communications provider or a specified set of user information transfer capabilities provided to a group of users.

29714.

Name the two facilities available under Postal services.

Answer»

1. Financial facilities. 

2. Mail facilities.

29715.

Give the meaning of Outsourcing.

Answer»

Outsourcing is the process by which a company contracts another company to provide particular services.

29716.

What is Social Responsibilities of Business?

Answer»

Various activities which provides for the welfare of the society along with the earning of profit for the firm are termed as ‘Social Responsibility of Business’.

29717.

Give the meaning of Prospectus.

Answer»

According to Section 2 (70) of Companies Act 2013 a prospectus has been defined as “any document described or issued as a prospectus and includes any notice, circular, advertisement or other document, inviting deposits from the public or inviting offers from the public for the subscription or purchase of shares or debentures of a company or body corporate”.

29718.

Mention any two international Sources of business finance.

Answer»

1. Global depository receipts. 

2. American depository receipts.

29719.

State any two demerits of Departmental stores.

Answer»

1. Limited selection of goods 

2. Lack of initiative.

29720.

What is international business?

Answer»

According to Michael R. Czinkota, “International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of the individuals, companies and organisations. These transactions take on various forms which are often interrelated”.

29721.

Write any two objectives of W.T.O.

Answer»

1. To ensure reduction of tariffs and other trade barriers imposed by different countries. 

2. To facilitate the optimal use of the world’s resources for sustainable development.

29722.

Write the meaning of village industries.

Answer»

Village industry has been defined as any industry located in a rural area which produces any goods, renders any service with or without the use of power arid in which the fixed capital investment per head or artisan or worker does not exceed Rs. 50,000.

29723.

Which of the following is not social networking site?A. Facebook B. Twitter C. Linkedln D. Whatsapp

Answer»

D. Whatsapp

Whatsapp is not social networking site.

29724.

Explain the social responsibilities of business towards. (a) Share holders (b) Consumers.

Answer»

Social responsibility of business towards shareholders:

  • A fair rate of dividend should be regularly paid by the business enterprises to their owners. 
  • Management techniques should be effective and efficient so that the net present value of the business is maximized.
  • Owners should be given the right to participate in the affairs of the enterprise. 
  • The tendency towards the growth of ‘Oligarchic management’ should he arrested. 
  • The owners should be given the full information regarding the working of the company. In other words, accurate and comprehensive reports have to be supplied. 
  • Financial information has to be disclosed and doubts have to be clarified. 
  • Chairman and directors of the company should be easily accessible to the owner.

Social responsibility of business towards consumer:

  • Ensuring availability of products in the right quantity, at the right place and at the right time. 
  • Maintaining the quality of the goods, increasing the quality to maximum extent so as to complete with any international product. 
  • Charging reasonable prices to its products. 
  • Correct weights and measures have to be used. 
  • The company must provide after sale service for maintenance of goods. 
  • The business firms should avoid restrictive trade practices and see that full justice is done to the amount that is spent by a consumer.
  • Constant investigation and discovery of growing wants of consumers, giving importance for research and development of new products that satisfy their wants. 
  • Taking all such measures which promote consumer satisfaction, interest and welfare.
29725.

What are the various types of Industries? Explain with example.

Answer»

The various types of industries are:

1. Primary industries: Primary industries refer to industries which are concerned with the production of goods mainly with the help of nature. Mining, agriculture, forestry, fishing, etc. are example for primary industries. Primary industries can be classified as:

(a) Genetic industries: Genetic industries refer to those activities which are undertaken for reproducing or multiplying plants and animals with the object of making profit from their sales. Example: Nurseries raising seedlings and plants, cattle breeding, poultry farming, etc.

(b) Extractive industries: Extractive industries refer to those activities which are concerned with the extraction or production of wealth from soil, air, water or from beneath the surface of the earth. Example: Agriculture, mining, fishing, forestry, hunting, fruit gathering, etc.

2. Secondary industries: Secondary industries refer to industries where human labour plays a more important role than nature. Secondary industries can be classified into:

(a) Manufacturing industries: Manufacturing industries refer to activities concerned with the conversion of raw materials or semifinished goods into finished goods. Example: Conversion of raw cotton into cotton textiles; conversion of raw jute into jute products; production of sugar from sugarcane, etc. Manufacturing industries may be sub-divided into four types. They are:

(i) Analytical industries: Analytical industries refer to those manufacturing industries which produce many types of product by analysing, i.e. separating, the same basic raw materials into different products. Example: In oil refining, the same crude oil is analysed or separated into different products like petrol, diesel oil, kerosene, lubricating oil, etc.

(ii) Synthetic industries: Synthetic industries refer to all those manufacturing industries where various materials are combined together in the manufacturing process to manufacture a new product. Example: Cement industry is a synthetic industry, in the sense that cement is produced by combining many materials, such as gypsum, coal, etc.

(iii) Processing industries: Processing industries refer to those manufacturing industries where different component processed through Trent processes into finished product. Paper industry, textile industry, etc. are the example processing industries.

(iv) Assembling industries: Assembling industries refer to those manufacturing industries where different component parts already manufactured are assembled into final products. Automobile industry is an example for assembling industries.

(b) Construction industries: Construction industries refer to those activities which are concerned with the creation of infrastructure necessary for economic development. In other words, they refer to those which are concerned with the construction of buildings, roads, bridges, railway lines, dams canals, etc.

3. Tertiary industries: Tertiary industries refer to industries which provide support services to primary and secondary industries and also to activities relating to trade. These days, services also are regarded as industries, and are called tertiary industries. These industries are regarded as part of commerce, i.e. as auxiliaries to trade.

29726.

Identify the group of sports which has the application of the following Fundamental Skills: Running, chasing, fleeing, dodging, dribbling, striking (a) Football, Basketball, Hockey (b) Cricket, Volleyball, Tennis(c) Kho-Kho, Boxing, Karate (d) Swimming, Gymnastics, Yoga

Answer»

Correct answer is (a) Football, Basketball, Hockey 

29727.

Name the principle of insurance violated in the following cases.1. ‘A’ does not own the building but is trying to get it insured as a party to the insurance policy. 2.  ‘A’ enters into life insurance contract with LIC of India. ‘A’ was ailing with heart decease but he did not reveal this at the time of entering the contract.3. ‘B’ enters into insurance contract with two companies ‘C’ and ‘D’. The subject matter is a building worth ₹ 5 lakh. The building caught fire and properties worth ₹3 lakhs were damaged. ‘C’ paid the entire claim and asked ‘D’ to share the claim. ‘D’ denies.4. Goods worth ₹50,000 are damaged and the insurance company pays the claim to ‘Z’ for the loss. ‘Z’ not only took the compensation for loss but also claims the damaged goods.5. ‘P’ takes an insurance policy for ₹1 lakh with ‘Q’ company. The goods of ‘P’ are damaged due to fire the loss incurred is ₹25,000. ‘Q’ shall restore the actual loss but ‘P’ claims full amount of the policy.

Answer»

1. Principle of insurable interest 

2. Principle of utmost good faith 

3. Principle of contribution 

4. Principle of subrogation 

5. Principle of Indemnity

29728.

Explain the functions of Transport.

Answer»

Functions of Transport: 

1. Helps in the movement of goods and materials from one place to another 

2. Helps in the stabilisation of prices.

3. Helps in the social, economic and cultural development of the country 

4. Helps in national and international trade 

5. Facilitates large scale production 

6. Generates employment opportunities

7. Increases growth of towns and cities 

8. Connects all part of the world

29729.

Mention the differences between "Assurance" and "Insurance".

Answer»

Assurance : Assurance means the Insurer gives assurance to the Insured to pay the claim in any case , either on maturity or on death . This term is used only in Life Insurance Contract . 

Insurance : Here the Insurer only promises to secure the property in case of actual loss . This term is used for all other types of insurance . 

29730.

Match the following   A    BWarehousingMutual FundsUnit Trust Of IndiaHindrance Of TimeInsuranceExternal ComunicationTelecomCausa proxima

Answer»
   A   B
WarehousingHindrance Of Time
Unit Trust Of IndiaMutual Funds
InsuranceCausa proxima
TelecomExternal Comunication
29731.

State any four features of government companies.

Answer»

1. Formation: These companies are formed by the Indian Companies Act, 1956 or 2013. 

2. Ownership: The ownership of these companies is in the hands of the government. In total capital major portion of the capital not less than 51% is contributed by government. 

3. Separate entity: They have separate legal entity, apart from the government. 

4. Government audit: These companies are exempted from the accounting and audit rules and procedures. An auditor is appointed by the central government. 

5. Financial autonomy: The government company obtains its funds from government shareholdings and other private shareholders. It is also permitted to raise funds from the capital market.

29732.

Explain any four benefits of e-Business.

Answer»

The benefits or importance are:

1. Ease formation and lower investment requirements: It is relatively easy to start because legal formalities and capital is less when compared to traditional business. 

2. Convenience: Electronic commerce enables customers to shop or do other transactions 24 hours a day, all year round, from almost any location. 

3. Global Reach/Access: Internet is truly without boundaries. On the one hand, it allows the seller an access to the global market; on the other hand, it affords to the buyer a freedom to choose products from almost any part of the world. 

4. Cost Effective: E-commerce is proved to be highly cost effective for business concerns as it cuts down the cost of marketing, processing, inventory management, customer care, etc. It also reduces the burden of infrastructure required for conducting business.

29733.

Identify the correct sequence of the elements of a lesson plan. (a) Warm-up, Aim, Activity, Cool-down, Props & Equipment selection (b) Aim, Props & Equipment selection, Activity, Warm-up, Cool-down, (c) Props & Equipment selection, Aim, Warm-up, Activity, Cool-down (d) Warm-up, Activity, Aim, Props & Equipment selection, Cool-down

Answer»

Correct answer is (b) Aim, Props & Equipment selection, Activity, Warm-up, Cool-down, 

29734.

Power style of leadership is :-(A) Autocratic (B) Democratic(C) Free - rein (D) All of these

Answer»

Power style of leadership is Free - rein.   

29735.

What do you mean by Life time Employment Plan ?

Answer»

Life time Employment means that a major firm or Government Bureau hires once a year , in the spring , when young people graduate from junior high , high school and the university . Life time Employment , more than being a single policy , avoiding retrenchment and lay off during recession . Moreover , financial and non-financial incentives dhould be offered to motivate employees . Instead of this company maintains employees , while it is not earning profit .

29736.

Briefly explain any four functions of warehousing.

Answer»

Usually, goods are not sold or consumed immediately after production. They are held in stock to be available as and when required. Special arrangement must be made for storage of goods to prevent loss or damage. Warehousing helps business firms to overcome the problem of storage and facilitates the availability of goods when needed.

Functions of Warehousing :

1. Consolidation: The warehouse receives and consolidates materials/goods from different production plants and dispatches the same to a particular customer on a single transportation shipment. 

2. Break the Bulk: The warehouse divides the bulk quantity of goods received from the production plants into smaller quantities and then transported according to the requirements of clients to their places of business.

3. Stock Piling Goods or Raw Materials which are not required immediately for sale or manufacturing are stored in warehouses to be made available to business depending on customers demand. This type of warehouse is also known as the storehouse of surplus goods.

4. Value Added Services: Provision of value added services such as in transit mixing, packaging and labeling is also a function of modem warehousing.

5. Price Stabilization: Warehousing performs the function of stabilizing prices by adjusting the supply of goods according to demand. Financing warehouse owners provide loans to the owners on security of goods and further supply goods on credit terms to customers. The warehouse keepers issue a receipt when goods are kept in warehouse. This receipt can be used as security to get loans from banks and owners. In this way, it also helps in financing.

29737.

While playing, a child shows the following symptom of sickness: severe thirst, nausea, sometimes vomiting, increased sweating. There are chances the child must be suffering from (a) Hunger (b) Heat stroke (c) Choking (d) Fracture

Answer»

Correct answer is (b) Heat stroke 

29738.

If there is no play-ground available in the school, can you still conduct physical activity sessions? If yes, explain how and where. (a) Teach children only the theory of physical education. (b) Show videos of sports skills and ask children to practice the same at home. (c) Other physical activity like dace, aerobics, yoga which are possible in limited spaces can be explored. (d) Teach children board games like chess, Ludo, Carrom board, etc.

Answer»

(c) Other physical activity like dace, aerobics, yoga which are possible in limited spaces can be explored. 

29739.

How does Entrepreneurship is helpful in Capital Formation ? Explain .

Answer»

Entrepreneurship is a creative activity , because it provides motivation to execute new thoughts , by making search of various new opportunities and by undertaking creative thinking .Besides it, creative function is performed by making changes in the resources of the production and the size , colour , design of the goods and in the market of the goods . As a result , Capital Formation and Constructive Activities go on taking place in any country . 

29740.

During an activity, a child collapses and is unconscious. What is the first step you should take before the arrival of any medical professional. (a) Perform CPR immediately (b) Make the child drink at least a glass of water (c) Remove shoes and keep the child under the fan (d) Do not disturb till the medical help arrives

Answer»

Correct answer is (a) Perform CPR immediately 

29741.

What is the Spokesperson role of Management 

Answer»

Every Manager , discharges the role as a spokesperson also . A Manager transmits or disseminates information to outside parties - customers , government , community and other organization . Such information , usually relates to organizationís plans , polocies , programmes , performance and financial results etc. For this purpose he may use many medias - press conferences , melting of shareholders and debentures and annual reparts . 

29742.

"Entrepreneurship is a Professional Activity" . How ?

Answer»

In modern age Entrepreneurship is not a quality by birth , but it is an earned talent , reason being that if a person intends to gain this quality , he may participate in the programmes organized by various institutions and organizations . Hence , it is developing as a profession , due to following reasons :

  • The capability of the entrepreneurs is being enhanced and developed by providing them required education and training
  • The Government is starting several schemes to encourage the Interest and Inclination among the entrepreneurs for developing Entrepreneurship .
29743.

What is e-Banking.

Answer»

It means conducting of banking operation through electronic means or devices such as computers mobile, ATM, etc.

29744.

What is the meaning of Social Security ?

Answer»

By Social Security we understand a programme of protection provided by society against those Contingencies of modern life - Sickness , Unemployment , Old age , Dependency , Industrial Accidents and invalidity against which the individual cannot be expected to protect himself and his family by his own ability or foresight .

29745.

State any two arguments against Social Responsibilities of Business.

Answer»

The arguments against social responsibilities are 

1. Burden on consumers. 

2. Violation of profit maximization objective.

29746.

"Advertisement attracts New Customers" . How ?

Answer»

Persuasion is the power of advertising . It is its stock or strength . Advertising is by very nature , persuasive . Advertising in any form contains Persuation , because the major function of advertising copy and the art work is to persuade the reader or the listener or the viewers .

29747.

Which word is used for insurance in the "Rig-Veda" ?

Answer»

For Insurance "Yogshem" word is used in Rig-Veda.

29748.

Name any two stages in the formation of a company.

Answer»

1. Promotion stage. 

2. Incorporation stage.

29749.

Purchases of goodwill by issuing debenture is :-(A) Application of fund (B) Sources of fund(C) No flow of fund (D) None of these

Answer»

Purchases of goodwill by issuing debenture is Application of fund. 

29750.

Explain briefly any four objectives of Business.

Answer»

Economic objectives: Business is an economic activity so their primary objectives are economic.

1. Earning profits: One of the objectives of business is to earn profits on the capital employed. Profitability refers to profit in relation to capital investment. Every business must earn a reasonable profit which is so important for its survival and growth. 

2. Market standing: Market standing refers to the position of an enterprise in relation to its competitors. A business enterprise must aim at standing on stronger footing in terms of offering competitive products to its customers and serving them to their satisfaction.

Social objectives: Business is an economic activity which cannot be carried on in isolation; there arise the social objective of business. Important social objectives of modem businesses are:

1. Providing employment: One of the important social objectives of a business is to provide employment to the society. This can be achieved by establishing new business units, expanding market, etc. 

2. Prevention of pollution: With the growth of industries, pollution has become a serious matter. Pollution affects the hygiene and the health of human beings and even animals. So, one of the social objectives and obligations of every business is to make efforts to prevent the pollution of air and water.