Revision of Chapter 1 and 2

MAY 19, 2020

 DAY 2

 THANK YOU FOR LOGGING IN. GOOD MORNING BOYS!

 TOMORROW IS YOUR BUSINESS STUDIES EXAM. SO, LET US REVISE CHAPTER 1 AND 2(TILL PARTNERSHIP), WHICH IS YOUR PA 1 SYLLABUS ALSO.


Q.1  Timber Industry is which type of industry?
         a) Primary  b) Secondary  c) Tertiary  d) Manufacturing.    (1)
Q.2  Which of the following cannot be classified as an objective of business ?
         a) Investment b) Productivity c) Innovation d) Profit earning.   (1)
Q.3  What is an essential element of business?
        a) Business Contingencies b) Business Risk c) Business Venture d) None of these.(1)
Q.4  Time Utility is created by:
         a) Transportation b) Communication c) Warehousing d) Banking.  (1)
Q.5  Which is the simplest form of business organization?
         a) Sole Proprietorship b) Joint Stock Company  c) Partnership d) Cooperative Society. (1)
Q.6  Formation of sole proprietorship is a ----------- process.   (1)
Q.7  Which is the advantage of sole proprietorship ?
       a) Quick decision making.
       b) Separate legal entity.
       c) Ltd managerial ability
       d) Ltd life of business.       (1)
Q.8 Explain the suitability of sole proprietorship.  (3)
Q.9 Ananya was doing a research on banking sector for an assignment. While browsing
       through the website of RBI, she came across a specimen of a type of Hundi which is
      like any other bearer instrument and is payable to the holder or bearer. In context
      of the above case:
a)      What is Hundi?
b)     Identify the type of Hundi being discussed above.
c)      Describe briefly any other two types of Hundi.   (3)
  Q.10 Differentiate between Business, Profession and Employment on the following basis:
         a) Return      b) Risk     c) Transfer of Interest.             (3)
Q.11 Identify the characteristics of the business in the following statements (with reason)
      a) Departmental stores purchasing goods from small manufacturers and selling under one
          roof.
     b) A car dealer buys and sells cars on a regular basis.
     c) A furniture dealer buys office chairs at Rs 500 each and sells them for Rs 650 each.
         Rs 150 per chair is the extra money earned to meet business expenses and for future
         growth.
d)     Workers at Maruti Udyog Ltd went on a strike for more than a month demanding a hike in their wages. The company suffered huge losses due to loss of production and sale. (4)
  Q.12 Explain the demerits  of sole proprietorship.    (4)          
  Q.13 Explain the meaning of industry alongwith the types of secondary industries. (5)
   Q.14 Explain the features of partnership form of business organization. (5)
   Q.15 Business risk is the possibility of occurrence of losses or insufficient profits because
            of various unexpected events which cannot be controlled by business. Explain its
            types and causes.     (6)
 -------------------------------------------------------------------------------------------------------------------------


Q.1 Modern concept of business insist on:

     a) Earning huge profit  b) Providing services c) Bearing risk d) Profit with service. (1)
Q.2 Which of the following does not characterize business activity:
       a) Production of goods and services.
       b) Presence of risk.
       c) Sale or exchange of goods and services.
       d) Salary or wages.    (1)
Q.3  Which type of industries is banking?
        a) Genetic Industries b) Extractive Industries c) Tertiary Industries d) Construction
             Industries.                           (1)
Q.4  Which one of the following may not be a factor behind starting a business?
        a) Routine workload  b) Finance  c) Size of the firm  d) Location.    (1)
Q.5 -----------------sector is divided into five forms of business organization. (1)
Q.6 Closure of sole proprietorship is a ------------------ process.  (1)
Q.7 What is the disadvantage of sole proprietorship ?
       a) Formation and Closure
       b) Good managerial skills
       c) Unlimited liability
       d) Easy transferability of shares.     (1)
Q.8  Ananya was doing a research on banking sector for an assignment. While browsing
       through the website of RBI, she came across a specimen of a type of Hundi which is
      like any other bearer instrument and is payable to the holder or bearer. In context
      of the above case:
a)      What is Hundi?
b)     Identify the type of Hundi being discussed above.
c)      Describe briefly any other two types of Hundi.   (3)
  Q.9 Explain the features of sole proprietorship.   (3)
  Q.10 Differentiate between Business, Profession and Employment on the following basis:
         a) Capital    b)  Qualification    c)  Commencement.    (3)
   Q.11 Explain the merits of sole proprietorship.  (4)
   Q.12 “Profit is not the sole objective of business.” Do you agree with this statement?
               Give reasons.                   (4)
    Q.13 Explain the features of partnership form of organization. (5)
    Q.14 Explain the meaning of industry alongwith the types of secondary industries. (5)
     Q.15 Explain the functions or role of Commerce. (6)

ALL THE BEST FOR YOUR EXAMS ! GOD BLESS YOU ALL!

Comments

  1. #Yash pandey#May 19, 2020 at 8:55 AM

    Yash pandey
    11A
    33

    ReplyDelete
  2. AnonymousMay 19, 2020 at 9:12 AM

    kartik sumit rastogi
    class 11 a
    roll no 37

    ReplyDelete
  3. Elvis MarshallMay 19, 2020 at 9:49 AM

    Elvis Marshall
    Roll no 23
    11B

    ReplyDelete
  4. ronnaq wilsonMay 19, 2020 at 9:49 AM

    Ronnaq Wilson
    Roll no. 45

    ReplyDelete
  5. Harsh MehtaMay 19, 2020 at 9:49 AM

    Good morning
    Harsh Mehta
    11-B
    Roll No. 24

    ReplyDelete
  6. Samaksh KatyalMay 19, 2020 at 9:49 AM

    Samaksh Katyal
    Roll no. 17
    11-B

    ReplyDelete
  7. AnonymousMay 19, 2020 at 9:49 AM

    Mohd Adnan
    Roll no 2
    11B

    ReplyDelete
  8. Aadi NagMay 19, 2020 at 9:50 AM

    Aadi Nag
    Roll No. 23

    ReplyDelete
  9. Aditya thapliyalMay 19, 2020 at 9:50 AM

    This comment has been removed by the author.

    ReplyDelete
  10. Aditya thapliyalMay 19, 2020 at 9:50 AM

    Aditya thapliya
    Roll no.42

    ReplyDelete
  11. Manshay BhandariMay 19, 2020 at 9:51 AM

    Manshay Bhandari
    11-B
    Roll No-7
    Present

    ReplyDelete
  12. AnonymousMay 19, 2020 at 9:54 AM

    Divjyot singh
    11-B

    ReplyDelete
  13. AnonymousMay 19, 2020 at 9:54 AM

    Pratham Jain
    11B
    Roll no.13

    ReplyDelete
  14. AnonymousMay 19, 2020 at 9:56 AM

    Saksham saini
    11-B

    ReplyDelete
  15. AnonymousMay 19, 2020 at 10:00 AM

    Gatij Shrivastava
    Roll no. 32
    claa 11B

    ReplyDelete
  16. AnonymousMay 19, 2020 at 10:02 AM

    shubhankar jain
    11-b

    ReplyDelete
  17. UnknownMay 19, 2020 at 10:03 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  18. Saransh KatyalMay 19, 2020 at 10:03 AM

    Saransh Katyal
    Class11B roll no 18

    ReplyDelete
  19. AnonymousMay 19, 2020 at 10:26 AM

    Ranveer Sidhu
    Roll no 33
    11 B

    ReplyDelete
  20. Udaayveer singhMay 19, 2020 at 10:54 AM

    Harshdeep singh 11th B

    ReplyDelete

Post a Comment

Popular posts from this blog

Differential Piece Wage System and Difference between Taylor and Fayol.

Image
April 18, 2020 Good morning boys! Today we will complete the techniques of Taylor and comparison between Taylor and Fayol. Learning outcomes- At the end of the topic, students will be able to: 1) Explain Differential Piece Wage System. 2) Differentiate between Taylor and Fayol. Q.44 Explain Differential Piece Wage System as a technique of scientific management. (4) Ans- 1) It is a method of wage payment in which efficient and inefficient workers are paid at different rates. 2) It is the strongest motivator for the workers to reach standard performance because in this technique incentive is directly linked with productivity. 3) Taylor has suggested two types of peace rates .One is higher piece rate for those workers who perform upto or above the standard output and lower piece rate for those workers who produce less than the standard output. 4) The objective is to differentiate between efficient and inefficient workers and to suitably reward the efficient workers. (Wages= ...
Read more

Objectives of business, part -2

Image
APRIL 21, 2020 Good Morning boys! I hope you all have understood the economic and social objectives of business and the role of profit in business. Today we will do the multiple objectives of business and is profit the sole objective of business. LEARNING OUTCOMES- At the end of the topic, students will be able to - a) Understand the multiple objectives of business. b) Discuss  profit as a sole objective of business or not.     Q.9 Why multiple objectives are needed by an organization? Explain them. (6) Ans- As business seeks to create a balance between different needs and goals of different interest groups, like consumers, employees, society, etc, it needs multiple objectives. Some of them are explained as follows: 1.       Market Standing- a)       It refers to the position of a business in context of its competitors. b)       Every business enterprise must aim at securing a st...
Read more

HOLIDAY HOMEWORK CLASS XI WEEK 3, 4 AND 5

HOLIDAY HOMEWORK-WEEK 3 (ENDING 12 th JUNE) CLASS XI BUSINESS STUDIES STUDY ANY FIVE PRIVATE AND PUBLIC COMPANIES AND WRITE ABOUT THEM IN YOUR BUSINESS STUDIES ASSIGNMENT NOTEBOOK WORKSHEET-WEEK 4 CLASS -XI CHAPTER-1 Q.1 Support services to industrial / business activities are clubbed under: a) Commercial Industries b) Primary Industries c) Tertiary Industries d) Secondary Industries (1) Q.2 Shenoy sells his play station to his friend at a profit of Rs 6000. Will it be considered as a business? a) Yes b) Can’t say c) No d) 50-50 (1) Q.3 Soaps are included under which type of industry? a) Analytical Industry b) Synthetical Industry c) Processing Industry d) Assembling Industry (1) Q.4 Find the odd one: a) Profit earning b) Uncertainty of return c) Natural Causes d) Element of risk (1) Q.5 Secondary industries include: a) Manufacturing Industries b) Construction Industries c) Tertiary Industries d) Both a and b (1) Q.6 “Regularity of dealings is the basic characteristic of business.” Sta...
Read more