Class 11 Business Studies - Chapter Business Services NCERT Solutions | Explain warehousing and its functions.

Define services and goods.

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

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

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

Explain in detail the warehousing services.

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

What are services? Explain their distinct characteristics.

Explain briefly the principles of insurance with suitable examples.

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?

How does outsourcing represent a new mode of business?

What is Hundi?

Describe briefly any two applications of e-business.

List the major exports and imports in ancient India.

What are the ethical concerns involved in outsourcing?

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

What are the various types of industries?

What is a Partnership Deed, and why is it essential?

Why is business considered as economic activity?

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

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

Elaborate on the different types of cooperative societies and how they address specific needs.

List and briefly explain any two distinguishing features of a Joint Stock Company.

Discuss the features of a Sole Proprietorship and its suitability for specific types of businesses.

Differentiate between a Private Limited Company and a Public Limited Company.

Discuss the concept, features, advantages, and limitations of a Joint Stock Company.