State the meaning of business. | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

Discuss the development of indigenous banking system in Indian subcontinent.

Explain any five objectives of business.

Define business. Describe its important characteristics.

What are the different types of business activities?

Explain any two business activities which are auxiliaries to trade.

List any five major commercial cities of ancient India?

Define business and mention its primary objective.

What is the concept of business risk? Discuss its causes and types.

What factors are to be considered while starting a business? Explain.

Explain the concept of business risk and its causes.

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.

Define services and goods.

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

Describe briefly the data storage and transmission risks in e-business.

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

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

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.

Discuss the salient aspects of B2C commerce.

What are the ethical concerns involved in outsourcing?

Analyze the factors influencing the choice of a business organization with examples.

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

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

What are the advantages and limitations of a Partnership as a form of business organization?

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

Discuss the benefits and limitations of e-business in detail.

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

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

What is a Sole Proprietorship? Explain its significance in small-scale businesses.

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