Class 11- Business Studies

7/23/2019 Class 11- Business Studies

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QUESTION BANK OF BUSINESS STUDIESCLASS:XI

1. NATURE AND PURPOSE OF BUSINESS(weightage-8 marks)

VERY SHORT ANSWER TYPE QUESTIONS (1marks)Q1. What is a Profession?

Q2. What is Employment?

Q3. What is meant by business risk?

Q4. Mention two functions of commerce.

Q5. Give any two features of economic objectives of business.

Q6. Give any two features of business.

Q7. Name any two economic activities.

Q8. Name the auxiliaries to the trade.

Q9 What is meant by trade?

Q10 What is meant by industries?

Q11. What is the primary objective of business?

Q12. What is the modern concept of business?

Q13.Why profit earning is essential for the business?

Q14.Enumerate the two natural causes of the business.

Q15. Why do we insure goods?

SHORT ANSWER TYPE QUESTIONS ( 3marks)Q1 Briefly explain the various types of economic activities.

Q2.Explain any three features of business.

Q3.How can business activities be classified?

Q4.What is the role of profit in the business?

Q5.Give any three points of difference between business and profession.

Q6.What are the various types of industries?


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Q7. How is transport important to the trade?

Q8. Give any three examples of commercial activities.

Q9 State any two causes of business risks .Explain with examples.

Q10What are auxiliaries to trade?

SHORT ANSWER TYPE QUESTIONS ( 4marks)

Q1.Name and explain two features of business which involve possibility of loss.

Q2.How does commerce remove the hinderance of exchange, time and place?

Q3.How do banking and insurance facilitate trade and commerce ?

Q4.Explain briefly varios types of manufacturing industries,with examples.

Q5.Explain with examples genetic and construction industry.

LONG ANSWER TYPE QUESTIONS (5marks)Q1.Explain any five characteristics of business.

Q2. Explain the economic and social objectives of business.

Q3. Differentiate between profession, employment and business.

Q4. Define Profession and state its features.

Q5. Explain the nature and causes of business risk.

LONG ANSWER TYPE QUESTIONS (6marks)

Q1. Explain the term industry and discuss various types of industries.

Q2. Explain the role of profit in business.

Q3. Discuss various obstacles in exchange of goods and services. How does commerce remove these

obstacles?

Q4. A business should have multiple objectives. Discuss.

Q5. Profit maximization cant be the sole objective of a business Comment


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2. FORMS OF BUSINESS ORGANISATIONS(weightage-12 marks)

VERY SHORT ANSWER TYPE QUESTIONS (1marks)

Q1. What is general partnership?

Q2. What is a partnership deed?

Q3. What is limited partnership?

Q4. Mention two features of sole proprietorship.

Q5. Give any two features of privileges of a private company.

Q6. Give any two features of joint stock company.

Q7. Name any two types of cooperative society.

Q8. Is it necessary to get a firm registered?

Q9 What is meant by partner by estoppel?

Q10 What is meant by public company?

Q11. What is Quorum?

Q12. What is CIN?

Q13. What is Plant Layout?

Q14.What is meant by launching of an enterprise?

Q15.Name any two factors to be considered while deciding the location of an enterprise.


Q1. Define sole tradership and explain its features.

Q2.Explain any three features of joint stock company?

Q3.State the features of cooperative societies.


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Q4.What are the demerits of a company?

Q5.State the consequences of non-registration of a firm.

Q6.What are the features of joint Hindu family?

Q7. A company is defined as an artificial person. What are its implications?

Q8. Enumerate the merits of a partnership firm.

Q9 State any two systems followed in the operation of a joint Hindu family.

Q10What is the role of Karta in aJoint Hindu family?


Q1.Briefly explain the activities undertaken by cooperative societies.

Q2.Compare the status of a minor in JHF with partnership firm.

Q3. One man control is best in the world.Explain.

Q4.All the members of a company sitting in a general meeting were killed by a bomb.

Was the company wound up?

Q5.Karta is the most active member in a JHF.He is too powerful to ruin the business.Comment.


Q1.Explain any five characteristics of joint stock company.

Q2. Explain the features of partnership. What are the consequences of non registration of a firm?

Q3. Differentiate between partnership and sole proprietorship.

Q4. Define partnership and describe the various types of partnership.

Q5. It is wrong to assert that the individual ownership is a relic of the barbaric age. Explain



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Q1. Discuss the reasons for the superiority of Joint Stock Company over sole proprietorship and

partnership.

Q2. A private company is a compromise between partnership and public company. Explain.

Q3. Registration of partnership firm is not compulsory but beneficial. Do you agree? Give

reasons in support of your answer.

Q4. A private company is superior to a public company. Discuss.

Q5.An entrepreneur has developed a new product and does not want to share business secrets

with anybody. Should he enter into partnership with somebody to raise capital for business? Why?


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3. PRIVATE,PUBLIC ANDGLOBAL ENTERPRISES

(Weightage-8 marks)


Q1. What is the shareholding percentage of a government company?

Q2. What is the full form of MNC?

Q3. What is meant by business enterprises?

Q4. Mention two forms of business undertaking.

Q5. Give any two examples of public enterprises.

Q6. Give any two examples of private sector enterprises.

Q7. Name any two MNC.

Q8. Name the company which is established by a special act passes by the parliament of the country .

Q9 .What is meant by PSU?

Q10 Who is having controlling power in departmental undertakings?

Q11. Why the Indian economy is called mixed economy?

Q12.Who heads departmental stores?

Q13. Mention any two types of statutory corporations.

Q14. Define a joint venture.

Q15.Mention any two examples of departmental undertakings.


Q1 Briefly explain the future role of PSE.

Q2.Explain any three features of statutory corporation..

Q3. How can you classify the business enterprises?


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Q4.What is the role of public enterprises in India?

Q5.Give any three points of difference between departmental undertakings & public corporations.

Q6.What are the various characteristics of public sector enterprises?

Q7. State the objectives of joint ventures

Q8. Give any three features of joint ventures.

Q9 State any two differences between public and private enterprises.

Q10What are the features of MNC?


Q1. List the fields of business fit for state ownership and control.

Q2. Do publis sector units need different organizational forms than private sector units?

Q3. Can the public sector companies compete with the private sector in terms of profit and

efficiency ? Give reasons for your answer.

Q4.What motivates a company to go global?Explain.

Q5. Discuss four dangers to India from global enterprises.


Q1. Explain any five characteristics of departmental undertakings.

Q2. Explain the characteristics of private, public &mixed enterprises.

Q3. Differentiate between private, public &mixed enterprise.

Q4. Define MNC and explain its major features.

Q5. Define Public Corporation and explain its major features.



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Q1. Define departmental undertakings and explain its major features.

Q2. Explain the role of joint ventures in the industrial development of a country.

Q3. Discuss various types of pulic sector enterprises.

Q4. Multinational companies are a mixed blessing to the developing countries.Discuss.

Q5. Name the organization which is the result of partnership between two or more companies.

Why they do so?


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4. BUSINESS SERVICES(weightage-10 marks)


Q1. What is warehousing?

Q2. What is bankinng?

Q3. What is meant by insurance?

Q4. Mention two functions of banking.

Q5. Name any two types of warehouses.

Q6. Name any two types of banks.

Q7. Name any two types of insurances.

Q8. What is meant by fire insurance?

Q9 What is meant by principle of indemnity?

Q10 What is meant by bonded warehouse?

Q11 Name two companies that offer DTH services in our country.

Q12.When should insurable interest be present in marine insurance?

Q13.When should insurable interest be present in fire insurance?

Q14 Define a marine insurance contract.

Q15. Mention two types of marine insurance contract.

SHORT ANSWER TYPE QUESTIONS ( 3marks)Q1 Briefly explain the various types life insurance policies.

Q2.Explain any three principles of insurance.

Q3.How can business services be classified?

Q4.What is the role of insurance in business?

Q5. What are the various functions of banking?


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Q6.What are the various functions of warehousing?

Q7. How are modern instruments of communication superior than postal

system of communication?

Q8. Give any three modes of communication.

Q9 Distinguish between the term insurance and assurance.

Q10What is business communication?


Q1 Describe the various types of marine insurance contract?

Q2. List the benefits of e-banking to banks.

Q3. What are the popular types of life insurance policies?

Q4.Explain the main elements of life insurance contract.

Q5 Explain the main elements of marine insurance contract.

LONG ANSWER TYPE QUESTIONS (5marks)Q1. Explain the meaning and purpose of marine insurance.

Q2. Explain the various types of insurances.

Q3. Differentiate between reinsurance and double insurance.

Q4. Insurance is a contract of good faith. Discuss.

Q5. Classify the service facilities.


Q1. Fire insurance is a contract of indemnity and good faith. Explain.

Q2. Write an essay on E-banking.

Q3. Discuss various instruments of business communication.

Q4. Describe the various features of ideal warehouse.

Q5. Describe the various types of banks in India.


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5. EMERGING MODES OF BUSINESS(weightage-6 marks)

VERY SHORT ANSWER TYPE QUESTIONS (1marks)Q1. What is the full form of e-business?

Q2. What is outsourcing?

Q3. What is meant by e-business?

Q4. What is e-commerce?

Q5. Name any two types of outsourcing services.

Q6. Name any two risks involved in resources required for e-business.

Q7. Name any two types of risks involved in e-business..

Q8. What is meant by digital cash?

Q9 Explain the meaning of term traditional business.

Q10 Give any one difference between e-business and e-commerce.

Q11 What is meant by mode of business?

Q12. What is intra-B-commerce ?

Q13. What is meant by hacking?

Q14.Give full form of COD.

Q15. . What is digital cash?

SHORT ANSWER TYPE QUESTIONS ( 3marks)Q1 Briefly explain the process of e-business.

Q2.Write short note on scope of e-business.

Q3.Define e-business. How it is different from e-commerce?

Q4.What is the operational system of e-business?

Q5. What are the various benefits arising from e-business?

Q6.What are the advantages and disadvantages of e-business?

Q7. What resources are required for successful implementation of e-business?


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Q8. Give any three modes to ensure security of e-business transaction.

Q9 Distinguish between the term e-business and traditional business.

Q10What is the nature of outsourcing?

SHORT ANSWER TYPE QUESTIONS ( 4marks)Q1.What are the ethical concerns involved in e-business and outsourcing?

Q2.Enumerate any four limitations of electronic mode of doing business.

Are these limitations severe enough to restrict its scope? Give reasons

for your answer.

Q3. How can you ensure safety of transactions while using e-commerce?

Q4. Write a short note on Knowledge process outsourcing.

Q5. Distinguish between the term e-business and e-commerce.

LONG ANSWER TYPE QUESTIONS (5marks)Q1. Write an essay on e-business transaction. How it works?

Q2. What do you mean by e-business ? Explain the resources required for e business.

Q3. Explain the limitations and precautions of E-business.

Q4. Describe the advantages and disadvantages of e-business.

Q5. Classify the types of outsourcing services available for the entrepreneur.


Q1. Why outsourcing is required? Explain in brief.

Q2. Write an essay on outsourcing.

Q3. Discuss the following terms: B2B;B2C;C2C

Q4. Describe the term customer support services.

Q5. Describe the term call centres.


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6. SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS(Weightage-6 marks)


Q1. Define Social Responsibilities?

Q2. What is the relation between ethics and moral values?

Q3. What do mean by the principles derived from social values which guide and govern

the conduct of businessmen.?

Q4. Mention two responsibilities of business towards customers.

Q5. Give any two reasons supporting social responsibilities.

Q6. Give any two reasons against social obligation.

Q7. Name any two factors which effect the ethical behavior of a business.

Q8. Define pollution.

Q9 Give any one point of difference between ethics and law.

Q10 Do businessman have skill to tackle social problems.

Q11. What is environmental pollution?

Q12. What is the reality of social responsibilities?

Q13. . What is code of ethics?

Q14.Give any one difference between ethics and law.

Q15. . What is the relationship between ethics and moral values?


Q1. Define business ethics.

Q2.Explain the meaning of social responsibilities.

Q3.Name any four factor influencing business ethics.


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Q4.Explain the obligations of business towards owners and investors.

Q5.How is business ethics different from law.

Q6.How can a business enterprise improve its public image by performing social

responsibilities?

Q7. What obligation does a businessman have towards the government?

Q8. Define Pollution. Describe the need to control pollution.

Q9 Give any four reasons against the social responsibilities of business.

Q10What are the responsibilities of business towards employees and customers?


Q1.What do mean by social responsibilities ? Name the kind of social responsibility of

business.

Q2. Describe the obligations of business towards owners and shareholders .

Q3. Explain the responsibilities of business towards consumers.

Q4. What are the major causes of environmental pollution?

Q5.Why do the enterprise need to pollution control measures


Q1.What are the major causes of environment pollution .

Q2. Explain the different elements of business ethics.

Q3. Explain the role of government in controlling pollution.

Q4. Explain briefly the social responsibilities of business towards different interest

groups.

Q5. Why should a business do any things for society at large?



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Q1. Like an individual, business enterprise should also be a loyal citizen of the state.

Discuss.

Q2. A business owes curtain obligations towards different groups. Identify those groups

and explain the obligation of business towards those groups.r

Q3. What due you mean by principle derived from social values which guide and govern

the conduct of businessmen? Explain the factors governing these principle and

values.

Q4. The business are responsible for aggravating pollution, so it becomes the moral

duty of businessmen to take some positive steps for controlling this problem. In

the light of this statement explain the roll of businessmen in checking pollution.

Q5. Describe the reality of social responsibilities of a company.

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7. SOURCES OF BUSINESS FINANCE

(Weightage-14 marks)


Q1- Give the full form of GDR, ADR.

Q2- State various sources of long term funds.

Q3- State various sources of short and medium term funds.

Q4-What are the preference given to preference shareholders ?

Q5- Name two sources of funds under owners fund.

Q6- Who are called the owners of a company?


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Q7- Which deposits are directly raised from the public?

Q8- What are the two important functions of factors?

Q9- What is the status of debenture holders?

Q10- In leasing agreement what right is given to lessee?

Q11.Preference shares are not suitable for which kind of investors?

Q12.What are Indian depository receipts(IDRs)?

Q13. Name the two Indian companies which have raised

money through issue of GDRs.

Q14.Who regulates the acceptance of public deposits?

Q15 . What is factoring?

SHORT ANSWER TYPE QUESTIONS ( 3 marks)

Q1- State the meaning of finance.

Q2- Why do business enterprise need finance?

Q3- Explain different types of finance.

Q4- What are retained earnings?

Q5- What are Public deposit?

Q6- Specify the objective of I.D.B.I.

Q7- What do you mean by discounting of bills of exchange?

Q8- What is a trade credit?

Q9- What is debenture?

Q10- What preferences are given to preferential shares?


Q1.State two factors affecting the fixed capital requirement of a


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firm.

Q2.Why is equity share capital called Risk Capital?

Q3. State two factors affecting the working capital requirement

of a firm.

Q4. Shobhit has Rs50,000 for investment purposes. Should he

invest in equity shares, preference shares,public deposits

or debentures?Justify your answer.

Q5. As a source of finance retained profit is better than other

sources. Do you agree with this view? Give reasons for

your answer.

LONG ANSWER TYPE QUESTIONS (5 marks)

Q1- Explain different types of preference shares which can be issued by a company.

Q2- Describe in brief the features of equity shares.

Q3- Differentiate between equity shares and preference shares.

Q4- Make a comparative evaluation of shares and debentures.

Q5- Differentiate between owners funds and borrowed funds.


Q1- What are retained profits? Discuss their advantages and disadvantages .

Q2- Write a note on international sources of finance.

Q3- Explain in detail the types of debenture a company can issue.

Q4- Differentiate between cumulative and non cumulative debentures.

Q5- Describe briefly the factors responsible for selecting a source of finance.


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8. SMALL BUSINESS

(Weightage-6marks)


Q1- Name any two institutions specially setup to promote small scale enterprises.

Q2- Give full from of SIDBI .

Q3- Give full from of NABARD.

Q4- Give one feature of cottage industries.

Q5- Give any two incentives offered by the government to small scale industries.

Q6- What is the investment limit for SSI?

Q7- Give any two problems faced by SSI?

Q8- Give any two characteristics of SSI?

Q9- Name the Institution which was setup in 1982 to promote integrated rural

development.

Q10- Name any two units included in SSI category.

Q11- What is the role of National Small Industries Corporation for the growth

of small business units in India?

Q12-Name the apex bank set up to provide direct and indirect financial

assistance to small scale sector.

Q13. What is the role of District industries centre for the growth

of small business in India?

Q14.How much do small industries in India account for the total industrial units?

Q15. What is the parameter used by the government to identify service enterprise?



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Q1- State the meaning of small business.

Q2- Describe the problem of shortage of capital faced by small business.

Q3- What is the purpose of NABARD?

Q4- Explain the role of SIDBI in promoting small scale enterprises.

Q5- Why does the government of India insist on balanced regional development?

Q6- What is the difference between small scale enterprise and cottage industry?

Q7- How does small business help in improving economic conditions of rural area?

Q8- What problem related to personnel is faced by small scale enterprises?

Q9- Describe three important subsidies offered by the govt. to small scale enterprises.

Q10- State any two features of SSI.


Q1List out major industry groups in the small sector in India.

Q2.What are the different parameters used to measure the size of business?

Q3.What is the definition used by the government of India for small scale

industries?

Q4. State the role of small business in rural India.

Q5.What are the measures taken by the government to solve the problem

of finance in the Small scale sector?


Q1- What do you mean by small business? Describe the feature of small scale

enterprise.

Q2- Describe briefly the problems of small scale enterprises.

Q3- What measures have been taken by the government for promotion of small


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business?

Q4- What steps have been taken by the government to provide financial aid to

industries set-up in rural, backward and hilly areas?

Q5-Explain briefly the role of small industries in rural India.


Q1- Describe the scope of small business in India.

Q2- Highlight the role of the government in promoting small business.

Q3- Name the institution and banks setup to promote small industries set up in rural

backward and hilly areas.

Q4-The path of small scale industries is full of hurdles. Discuss.

Q5- How do small scale enterprises help in removing regional disparity?

9. INTERNAL TRADE

(Weightage-12 marks)


Q1- What do you mean by Internal Trade?

Q2-Who are Itinerants?

Q3- Name any two Itinerants.

Q4- Large quantity buying is characteristic of which trade?

Q5- Goods with little defects are sold in which type of shops?

Q6- Used goods are bought and sold in which type of shops.

Q7-Give any two services of retailer to the customers.

Q8-Give one example of chain stores.


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Q9-In which business are goods bought and sold through postal services?

Q10- Name the machine in which goods are bought and sold by inserting coins.

Q11. Give the full form of FICCI.

Q12.What type of goods are suitable for Automatic vending machines?

Q13. What is meant by Automatic vending machines?

Q14. Name the retail outlets that sell merchandise through mail.

Q15.Name any two department stores.


Q1- What is meant by internal trade?

Q2- What do you understand by wholesale trade?

Q3- Enumerate the features of retail trade.

Q4- How does market information provided by a wholesaler benefit the manufacturer?

Q5- Differentiate between itinerants and fixed shop retailers.

Q6-What is a Super Bazar?

Q7- What is the difference between a hawker and a pedlar?

Q8- Who are itinerants? Name different types of itinerants.

Q9-Give two points of difference between single line store and specialty store.

Q10- Enumerate the services of the wholesaler to manufacturer


Q1- What difficulties will be faced by the manufacturers if wholesalers are

eliminated from the chain?

Q2- What will be the advantages to the manufacturers if wholesalers are



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Q3- What difficulties will be faced by the consumers if retailers are


Q4- What will be the benefits to the consumers if wholesalers are


Q5-Explain the procedure for carrying on mail order business.

.


Q1- Explain different types of small scale retail shops?

Q2- Why are consumer cooperative stores considered to be less expensive? What are

their advantages?

Q3- What difficulties can a consumer face if there is no retail shop?

Q4- What do you understand by internal trade? Discuss its types in brief.

Q5- Explain the services of a wholesaler to a producer and retailer.

LONG ANSWER TYPE QUESTIONS (6marks )

Q1- Write a note on shopping malls.

Q2- Describe the role and functions of the chamber of commerce.

Q3- Mentions the name and features of the store in which there are a number of

department in the same building selling different types of commodities.

Q4- Name the retail organization where same type of commodities are sold at uniform

prices located all over the country. What are the features of such organization?

Q5- Explain the advantages and disadvantages of Super Market.


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10. INTERNATIONAL BUSINESS

(Weightage-8 marks)


Q1- Give full form of EPZ and SEZ.

Q2- What is the main objective of WTO.

Q3- Name any two WTO. Agreements.

Q4- Name the most important document of export.

Q5- Name the most important document used in import.

Q6- List various affiliated bodies of world bank.

Q7- Explain the term FOB.

Q8- Which certificate is necessary to prove that goods are produced in the home country itself ?

Q9- Define mates receipt.

Q10- Who can issue RCMC?

Q11. Who is a clearing agent?

Q12.What is the purpose of preshipment finance?

Q13.Define export processing zones.

Q14.What do you meanby customs drawback?

Q15.Who is a forwarding agent?


Q1- What is the letter of credit?

Q2- What is certificate of origin?

Q3- What is a bill of exchange?


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Q4- How does external trades boost up the economic growth of the country?

Q5- Explain the benefits EPZ.

Q6- What are Hundred percent export oriented units?

Q7- Explain the custom clearance stage in export procedure.

Q8- Described the advantages of external trade.

Q9- What is Bill of Lading?

Q10- Explain the difference between external trade and internal trade.


Q1. Differentiate between international trade and international business.

Q2.Discuss the formalities involved in getting an export licence.

Q3.Write short note on indent house and dock challan.

Q4.Discuss the process involved in securing payment for exports.

Q5.Discuss as to why nations trade.


Q1- Explain the steps of export procedure.

Q2- Explain the steps of Import procedure.

Q3- Why is export promotion necessary?

Q4- Write a note on the functioning of WTO?

Q5- Explain all the documents used in export procedure.


Q1- Explain all the documents used in import procedure.

Q2- Explain in brief international trade institutions and agreement.


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Q3- Samay Quartz a watch company desires to a import watches from U.S.A. describe

the procedure it will adopt in order to obtain the watches.

Q4- Repel Clothing Pvt. Ltd. has received an order for export of readymade garments.

What steps must be followed by the company to meet the export order?

Q5- Explain the major export promotion measures adopted by the government.

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Class 11- Business Studies

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