Question Bank of BOS

 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 )

1. What is sole proprietorship? Explain the features, advantages and disadvantages of sole Proprietorship

2. Explain in detail factors affecting the location decision of the firm?

3. Describe the development and evolution of trade, commerce and industry

4. What is business? Explain various objectives of business that one organization has to set and accomplish. 

5. Distinguish between wholesale trade and retail trade.

6.  What is a partnership firm? Explain advantages and disadvantages of partnership firms.

7. What is Hindu Undivided Family Business? Explain the features, advantages and disadvantages of  Hindu Undivided family Business

8. What is a Joint Stock Company? Explain the features, types ,advantages and disadvantages of a Joint Stock Company.

9. Distinguish between Private and Public Company.

10. Distinguish Between MOA and AOA.

11. Explain various classifications of Trade

12. Describe classification of Commerce 

13. Explain in detail the process of registration of a Company under the companies act 2013.

14. Differentiate Mergers and Acquisitions with examples.

15. Write down the short note of franchising with examples.

16. Differentiate internal trade and External trade.

17. Write down the  services for the business.

18. Describe Globalization & challenges for Indian Business in the modern era..

19. What is a co-operative organization? Explain the features, advantages and disadvantages of  cooperative organization,

20. Explain incorporation of a company.

21. Differentiate Stock Exchange and Produce Exchange

22. Define Stock Exchange and write down Importance, Functions, Listing, Dealers of Stock Exchange 

23. Define  Produce Exchange and write down Importance, Functions, Listing, Dealers of 

24.  Exchange

Q4) Write Short Notes(5 marks)

1.  Prerequisites of a successful business.

2.  Functions of wholesalers.

3. Advantages of virtual organization systems.

4. Benefits and limitations of private company.

5. Types of distributed channel

6. Services of retailers.

7.  Need for export.

8.  Factors affecting location decision.

9. BPO

10. Perpetual Succession

11. Common Seal

12. Artificial person

13. Import

14. industrialisation in India

15. Promoter and its types

16. Prospectus and its types

17. concept and role of MNCs

18. Industrial Revolution

19. Globalization

Q5)Answer the following(2marks)

1. Define business.

2. Define commerce & industry.

3. Name the classifications of commerce & industry.

4. Define Globalization.

5. Define  sole proprietorship .

6. Define  joint Hindu family business.

7.  Define partnership  .

8. Define joint stock company .

9. Define with example of a co-operative organization.

10. Define  public enterprises.

11. Define Industrial Revolution.

12. Define Promotion

13. Define  Incorporation

14. Define capital subscription

15. Define Memorandum of association 

16. Define articles of association

17. Define prospectus

18. Define Internal trade 

19. Define wholesale and

20. Define  retail 

21. Define External trade 

22. Define import

23. Define export

24. Define mergers 

25. Define acquisitions. 

26. Define Franchising. 

27. Define Business process outsourcing. 

28. Define MNC

29. Write down the role of MNCs. 

30. Define Stock Exchange 

31. Define  Produce Exchange: