Q1. Fill in blanks
a) _________ is a set of interrelated activities carried out with a view
to make profits.
b) A _______ is an economy that includes a variety of private and
government control, reflecting characteristics of both capitalism and
socialism.
c) Single ownership is salient feature of ____________.
d) A _________ study is an in depth study of a project, in order to
find out its merits, soundness and practicability.
e) The _______ is one who purchases goods in large quantities from
manufacturer and sells to retailers in smaller quantities.
Q2)MCQS
a)Maximum number of members in a sole trading concern is_________.
i) Two ii) One
iii) Five iv) Unlimited
b) Process of generating, developing and communicating new ideas.
i) Idea assessment ii) Idea implementation
iii) Idea generation iv) Idea development
c) The wholesaler runs his business on _______in a central market.
i) Large scale ii) Small scale
iii) Moderate scale iv) None of the above
d) In partnership firms, maximum number of members in banking business is 10 and in non banking is ________.
i) 15 ii) 20
iii) 8 iv) 5
e) The______of firm also depends on the type of organization.
i) Format ii) Number
iii) Size iv) Identity
f)Maximum number of members in a sole trading concern is_________.
i) Two ii) One
iii) Five iv) Unlimited
g) Process of generating, developing and communicating new ideas.
i) Idea assessment ii) Idea implementation
iii) Idea generation iv) Idea development
h) The wholesaler runs his business on _______in a central market.
i) Large scale ii) Small scale
iii) Moderate scale iv) None of the above
i) In partnership firm, maximum number of members in banking business is 10 and in non banking is ________.
i) 15 ii) 20
iii) 8 iv) 5
j) The______of firm also depends on the type of organization.
i) Format ii) Number
iii) Size iv) Identity
Q3)Answer the questions(10 or 5 marks )
What is sole proprietorship? Explain the features, advantages and disadvantages of sole Proprietorship
Explain in detail factors affecting the location decision of the firm?
Describe the development and evolution of trade, commerce and industry
What is business? Explain various objectives of business that one organization has to set and accomplish.
Distinguish between wholesale trade and retail trade.
What is a partnership firm? Explain advantages and disadvantages of partnership firms.
What is Hindu Undivided Family Business? Explain the features, advantages and disadvantages of Hindu Undivided family Business
What is a Joint Stock Company? Explain the features, types ,advantages and disadvantages of a Joint Stock Company.
Distinguish between Private and Public Company.
Distinguish Between MOA and AOA.
Explain various classifications of Trade
Describe classification of Commerce
Explain in detail the process of registration of a Company under the companies act 2013.
Differentiate Mergers and Acquisitions with examples.
Write down the short note of franchising with examples.
Differentiate internal trade and External trade.
Write down the services for the business.
Describe Globalization & challenges for Indian Business in the modern era..
What is a co-operative organization? Explain the features, advantages and disadvantages of cooperative organization,
Explain incorporation of a company.
Differentiate Stock Exchange and Produce Exchange
Define Stock Exchange and write down Importance, Functions, Listing, Dealers of Stock Exchange
Define Produce Exchange and write down Importance, Functions, Listing, Dealers of
Exchange
Q4) Write Short Notes(5 marks)
Prerequisites of a successful business.
Functions of wholesalers.
Advantages of virtual organization systems.
Benefits and limitations of private company.
Types of distributed channel
Services of retailers.
Need for export.
Factors affecting location decision.
BPO
Perpetual Succession
Common Seal
Artificial person
Import
industrialisation in India
Promoter and its types
Prospectus and its types
concept and role of MNCs
Industrial Revolution
Globalization
Q5)Answer the following(2marks)
Define business.
Define commerce & industry.
Name the classifications of commerce & industry.
Define Globalization.
Define sole proprietorship .
Define joint Hindu family business.
Define partnership .
Define joint stock company .
Define with example of a co-operative organization.
Define public enterprises.
Define Industrial Revolution.
Define Promotion
Define Incorporation
Define capital subscription
Define Memorandum of association
Define articles of association
Define prospectus
Define Internal trade
Define wholesale and
Define retail
Define External trade
Define import
Define export
Define mergers
Define acquisitions.
Define Franchising.
Define Business process outsourcing.
Define MNC
Write down the role of MNCs.
Define Stock Exchange
Define Produce Exchange:
