THE INDIAN HIGH SCHOOL, DUBAI

WORK SHEET FOR ANNUAL EXAMINATION – 2023 – 2024

Grade 11 BUSINESS STUDIES

CHAPTER 1 : NATURE AND PURPOSE OF BUSINESS

1. Arnav is working as sales executive in XYZ limited company. He is getting Rs 40,000 per

month. His job is to enhance the sale of his company.

Identify which type of economic activity is highlighted in the case and state its characteristics.

2. Manjeet Pvt. Ltd. is a reputed company manufacturing computers. The company is earning a
considerable profit. Both the proprietors and the employees are putting their best efforts to
make good quality products available to the customers at a low price, paying its shareholders a
good amount of dividends and the employees a reasonable remuneration. This contributes to
the successful operations of the business. With increased profits over time, the company’s
foundation becomes strong, and it earns a good reputation in the society. It utilizes its profits to
finance its growth and expansion requirements.

Explain the role of profit in business of Manjeet Pvt. Ltd. by quoting the lines from

the above para.

3. . After completing their graduation, Salman and Ram decided to set up a flour mill to earn
income. Their main job is to purchase wheat from the market and have ground it into flour. Their
flour is available in the packets of 5 kg, 10 kg and 20 kg. They sell these under the brand name
‘Desh ka Atta’, and earn a reasonable profit of 10% on cost. They worked very hard to flourish
the business on a regular basis, and hence in no time their brand become very popular in the
market. The main reasons for the success of their business are superior quality and low price.
Their business was running very well. But one day, the flour mill caught fire, and as a result they
had to suffer a heavy loss.

However, Salman and Ram did not lose their heart, and worked even harder. Gradually,

their business was back to normal. Now, they are fully satisfied with their business.

Identify and explain any four characteristics of business which are mentioned in the

above paragraph.

4. Assertion (A) One of the main purposes of business is to earn income by way of profit.

Reason (R) No business can survive for long without profit

 (A) Both A and R are true. R is the correct explanation of A

(B) Both A and R are true, but R is not the correct explanation of A

(C) A is correct, but R is incorrect

(D) A is incorrect, but R is correct

5. Assertion (A) Business represents exchange of Goods and Services.

Reason (R) Risk and Uncertainties are always there with any form of business.

(A) Both A and R are true. R is the correct explanation of A

(B) Both A and R are true, but R is not the correct explanation of A

(C) A is correct, but R is incorrect

(D) A is incorrect, but R is correct

6. Shivani after graduating from college went back to her home town in Meghalaya. It was a small
town with very few job opportunities. The Karbi tribal women in that area were uneducated but
still practiced the method of obtaining traditional colours from natural wild herbs. Their most
popular dye was indigo obtained from the leat called ‘Pearl Purple’. Using these colours they
added variety to their textiles. The women were mainly confined to their homes and they did
not know how to make a living out of their talent. Shivani went from door to door and analysed
the problem that existed. She thought of setting up a business of buying textiles from them and
converting them to garments in her factory in Noida. Her business turned out to be a great
success. On the basis of the given information about Shivani, answer the following questions:

(a) Identify the type of business activity Shivani is engaged in.

(b) Specify the category of the type of business activity performed by Shivani.

(c) Which type of business activity is undertaken by Karbi tribal women by obtaining indigo from
the leaf called ‘Pearl Purple’?

7. Rohit and Gurvinder are partners selling electronic products across India. They

import the components from their friend Atul who operates his business from China and

assembles them in their factory established in a rural area of Jharkhand. Most of the workers

in the factory are children and women. They are paid very less salaries thus owners save on

labour cost. They store their stocks in a warehouse but do not take proper safety measures

against fire, burglary etc. There was a short circuit in the factory and as a result most of the

stock was damaged.

 On the basis of the given information about Rohit and Gurvinder, answer the following questions:

(a) Specify the type of business activity being performed by Rohit and Gurvinder.

(b) Specify the type of business activity being performed by Atul.

(c) Specify the auxiliary to trade being used by R & G

CHAPTER 2 : FORMS OF BUSINESS ORGANISATION

1. Tania and suraj are qualified chartered accountant and lawyer respectively. They

joined hands to form a consultancy firm. They entered into a written agreement

which specifies terms and conditions that will govern their business. They also got

within a limited time.

( a ) Which form of business organization is referred in the above case?

( b ) What is the written agreement between Tania and Suraj known as? List any two

content of it.

( c ) Give any two consequences of non -registration of the above business

organization.

( d ) State any two limitations of the above business organization.

2. Study the following cases and answer the given question:

(a) Chatan gets his oil Godown doubly insured against fire for Rs. 5,00,000 with insurer ‘

kotak Insurance’ and for Rs. 15,00,000 with insurer ‘Hdfc Insurance (P) Ltd. Due to a

short circuit, an unforeseen loss by fire of oil stock worth Rs. 6 Lakh occurred on 11th

September.

How much compensation can be claim from each of the insurer? Explain the principle of

insurance followed.

(b) Anand was suffering from Terminal intestinal cancer disease, which he did not disclose

while taking a medical cum health insurance policy from Star health Insurance (P) Ltd.

Can he legally succeed to get claim for reimbursement of Hospitalization bills under the

Medi claim ploicy? Why?

3. . Dhruv, Sarthak and Dheeraj are three partners in a firm. The name of the firm is
 ‘Friends Pusthak Bhandar’. The latest books of almost all subjects remain available at

the Pustak Bhandar. All the three partners decided that 10% of the total profit of the

firm would be distributed among the poor children every year. This has a very

positive effect on the goodwill of the firm. Dheeraj is a renowed businessman who

allowed the use of his name by the firm but does not contribute capital. Sarthak had

contributed capital to the firm but does not participate in the management of the

firm. Dhruv actively participates in the management and does business on behalf of

other partners.

Explain what types of partners Dhruv, Sarthak and Dheeraj are in ‘Friends Pustak

Bhandar’.

4. When commencing a business, businessmen have multiple choices as to the kind of

business entity that they can form. The Indian Company Law gives options including

Private Company, Public Company, One Person Company, etc. A businessman can

form an entity as per the amount to be invested, a number of members, the burden

of liabilities, etc. Off late, there are several benefits of private companies over public

limited companies. Hence, there are various reasons why it has become a top-most

choice of businessmen and is being chosen over the option of Public Company.

State the various privileges that the Private Company have over Public Company(any six).

5. Mehul was a Book Shop owner at Ludhiana, Punjab. He purchased school and college books of
different publishers and sold in the market. He was quite successful in his business and earning
good profit. Last month, he passed away due to Cardiac Attack. His only son is settled at Paris
and not interested to return back. Book Shop of Mehul was closed since his death and will
remain so. Which features of sole trading business is highlighted in the above case?

(A) Easy Formation

(B) Profit

(C) Secrecy

(D) Lack of business continuity

6. Md. Sameer is an emerging entrepreneur from Hyderabad deals in selling of

Electrical Appliances. He received a profitable offer to purchase a retail outlet

 adjacent to his showroom. But he refused very politely due to constraints of funds. It

could be seen as a lost opportunity for him.

Which limitation of sole trading business is highlighted in the above case?

(A) Limited Resources

(B) Lack of managerial ability

(C) Unlimited liability

(D) Lack of Perpetuity

7. Rakesh and Rajesh are two close friends decided to take franchise of Tata Sky. Both of them
invested equally to get the franchise for their home district. It was agreed mutually among
Rakesh and Rajesh to share the profits or losses of the firm on equal basis.

Name the form of business organizations run by the friends referred in the above case.

(A) Partnership

(B) One Person Company

(C) Joint Venture

(D) Sole Trading Concern

8. Ram, Sameer and Joseph are partners in a partnership firm. They are sharing

profits and losses at a ratio of 2:2:1. A dispute arises among them on a particular

issue related to transferring of interest of Ram’s share to his brother Shyam.

Sameer and Joseph refuse to accept the proposal of Ram for transferring his share

in the firm business to Shyam.

Identify the limitations of partnership firm highlighted in the above case.

(A) Limited Resources

(B) Unlimited Liability

(C) Lack of Public Confidence

(D) Non-transferability of Interest

9. Priya, a young entrepreneur passionate about beauty and wellness, decides to start her own
beauty salon in her neighborhood. She invests her personal savings into setting up the salon,
purchasing equipment, and hiring staff. Priya names her salon "Glow & Glamour" and begins
offering personalized beauty services to local residents.
 a. What are the advantages and disadvantages of Priya choosing a sole proprietorship for her
beauty salon business?

b. How might Priya ensure the confidentiality of her salon's operations and maintain a competitive
edge in the market?

c. Considering the limitations of sole proprietorship, what strategies could Priya adopt to overcome
resource constraints and expand her salon business in the future?

10. The Sharma family has been running a successful joint Hindu family business for generations. Mr.
Rajesh Sharma, the current karta, oversees the family's business, which includes a chain of
grocery stores across the city. The business has been profitable, with each member contributing
to its growth and success
a. What are the key features of the joint Hindu family business model as exemplified by the Sharma
family?
b. How does the concept of co-parcenary property affect the liability and ownership rights of
individual family members in the business?

c. Considering the continuity aspect of the joint Hindu family business, how can the Sharma family
ensure smooth succession planning to maintain the stability and growth of their business?
11. The journey of Coca-Cola from its humble beginnings as a sole proprietorship to a global
corporation is a testament to entrepreneurial vision and business acumen. Dr. John Stith
Pemberton, the original creator of Coca-Cola, started the business as a sole proprietorship in
Atlanta, Georgia, in 1886. Over time, the business expanded, attracting investments and
partnerships, leading to its incorporation in 1892.
a. How did the transition from sole proprietorship to corporation impact the ownership structure
and management of Coca-Cola?

b. What role did Asa G. Candler play in the growth and expansion of Coca-Cola after acquiring
control of the business?

c. Reflecting on Coca-Cola's evolution, what lessons can aspiring entrepreneurs learn about the
scalability and sustainability of different forms of business organization?

Chapter 3: PUBLIC, PRIVATE AND GLOBAL ENTERPRISES

1. In a survey conducted by Government of India, it was found that many farmers of

the country are unable to secure loan for their agricultural needs. Keeping this in

mind, the government decided to form a public enterprise under a special act of the

parliament, which will be free from government interference and will have financial

and operational autonomy.

Which type of public enterprise would you suggest to the government?

2. The telecom services have been recognized the world-over as an important tool for

socio economic development for a nation and hence telecom infrastructure is

treated as a crucial factor to realize the socio – economic objectives in India.

Accordingly, the Department of Telecom has been formulating developmental

policies for the accelerated growth of the tele communication services. The

department comes under the Ministry of Communications and is headed by a

cabinet-level minister. It is financed by the government through allocation of funds

in the Annual General Budget of Parliament.

State the merits of this type of public sector enterprise.

3. Indian Railways is one of the largest departmental undertakings in India, responsible for the
country's railway transportation network. Governed directly by the Ministry of Railways, it operates
as an integral part of the government's infrastructure.

(a) What are the advantages and limitations of Indian Railways being organized as a departmental
undertaking?

(b)How does the direct control of the Ministry of Railways impact decision-making and operational
efficiency within Indian Railways?

(c) Discuss the implications of political interference and bureaucratic processes on the day-to-day
operations of Indian Railways as a departmental undertaking.

4. The Airports Authority of India (AAI) is a statutory corporation responsible for managing and
operating airports across India. Established by an Act of Parliament, AAI functions as a corporate
entity with defined powers and functions.

(a) What are the distinguishing features of statutory corporations like the Airports Authority of
India?

(b) How does the financial independence of statutory corporations like AAI contribute to their
operational flexibility?

(c) Discuss the implications of AAI's status as a statutory corporation on its accountability and
relationship with the government.

5. The Oil and Natural Gas Corporation (ONGC) is a government-owned company engaged in the
exploration and production of oil and natural gas. As a government company, ONGC operates under
the Companies Act and is subject to government regulations.

(a) How does the structure of a government company like ONGC differ from departmental
undertakings and statutory corporations?

(b) Discuss the advantages and challenges of ONGC's status as a government-owned company in the
oil and gas sector.
 (c) How does ONGC balance its commercial objectives with its responsibility as a government entity
in the energy sector?

CHAPTER 4 : BUSINESS SERVICES

1. .At present, Samanvi has Rs. 32,50,000 balance in her Savings Bank Account in Axis

Bank. She has a good salary and at the end of every month, her balance in the

savings account increases. Ritvi, Manager of Axis Bank, also Samanvi’s close friend,

advised her to maintain an account which is a combination of both savings account

and deposit account. Identify the business service and explain its features

2. Kapil took a Marine Policy worth Rs. 2,00,000 to protect his goods from the perils of

sea. On the way, the goods were spoiled by rats. He suffered a loss of Rs. 1,25,000.

He filed a claim for the loss against the insurance company.

i) Can Kapil recover Rs. 1,25,000 from the insurance company.

ii) Which principle of insurance is highlighted in the given case. Explain.

iii) Also explain any two principle of insurance which is not mention in the above

paragraph.

3. Mr. Shailesh owns an oil factory in Rajasthan. Due to illness of his parents living in

the UK, he had to go to UK. There he joined a job. He asked his friend Mr. Vijay

Arora to take charge of his company till he returns to India. Mr. Vijay took a fire

insurance policy for this factory from Zokhim Free Insurance Pvt. Ltd. A month

before he got the fire insurance policy, he received a notice from electricity

department to get the wiring of the company repaired. He didn’t inform the insurance

company about it. He didn’t get the wiring of the factory repaired. After five months

of taking the policy, the factory caught fire due to faulty wiring.

“Mr. Vijay took a fire insurance policy for this factory from Zokhim Free Insurance

Pvt. Ltd….”.

Which principle of insurance is relevant here?

 4. Sameer has recently graduated from Delhi University. He is planning to open a new restaurant
near the campus area. His father advised him to open a bank account in which he can deposit and
withdraw money number of times in a day.

Identify and explain the bank account being referred above.

5. Naresh took a fire insurance policy from NICL of ₹50 Lakh for his factory at the annual premium
of ₹75,000. In order to avoid premium more than his amount, he did not disclose that highly
explosive chemicals are being manufactured in his factory.

Due to fire, his factory was damaged. The insurance company, NICL refused to make

the payment for claim as it came to know about the highly explosive chemicals.

Is Naresh entitled to claim? Explain the principle of insurance violated by Naresh.

6. A petrol pump owner in a village operates his business by providing petrol and diesel to the local
community. He faces challenges in procuring fuel, managing finances, communicating with
suppliers and customers, and mitigating risks associated with the business.
(a) What are the key business services involved in running a petrol pump business?
(b) How does the petrol pump owner manage the transportation of fuel from oil refineries to the
village?
(c) What role do banking services play in the operations of the petrol pump business?
(d) How does the petrol pump owner ensure the safety and security of the business, considering the
risks associated with handling highly flammable products?
7.

Commercial banks play a vital role in the economy by providing various financial services to
businesses and individuals. They accept deposits, lend funds, facilitate cheque transactions, and
offer allied services like bill payments and locker facilities.

(a) What are the primary functions of commercial banks?

(b) How do commercial banks manage the lending of funds to borrowers?
(c) Explain the importance of cheque facilities provided by commercial banks.
(d) What are the benefits of e-banking, and how does it contribute to the efficiency of commercial
banking operations?

8. Insurance is a mechanism for individuals and businesses to mitigate financial risks associated with
uncertain events. The principles of insurance, such as utmost good faith, insurable interest,
indemnity, and subrogation, govern the functioning of insurance contracts.

(a) What are the fundamental principles of insurance, and how do they influence insurance
contracts?
(b) Explain the concept of utmost good faith in insurance contracts.
(c) Why is insurable interest important in determining the validity of an insurance contract?
 (d) Discuss the principle of indemnity and its application in insurance claims.

9. There are various types of insurance designed to protect individuals and businesses against
different types of risks. Life insurance, property insurance, marine insurance, and health insurance
are some common examples.
(a) Provide examples of different types of insurance mentioned in the text.
(b) What are the key features of life insurance policies?
(c) Explain the significance of property insurance in safeguarding assets against unforeseen events
like fire or burglary.
(d) How does health insurance help individuals manage medical expenses and mitigate the financial
risks associated with healthcare?

CHAPTER 5 : EMERGING MODES OF BUSINESS

1. . Ishu and Neeti, two fashion designers from Delhi decided to sell their designer outfits to rich
market segment by providing them facility of customizing the outfits as per their needs. So, they
made a website ‘myfashion.com’ as they don’t want to spend too much finance on operating
retail outlet in a costly market. Sooner they started getting good response not only from Delhi
but also from other cities like Mumbai, Jaipur, etc.

(A) Name and state the form of business highlighted above by quoting the lines.

(B) Highlight any two advantages of the above form of business.

2. Company A, a leading automobile manufacturer, decides to streamline its supply chain

management through e-business solutions. Traditionally, Company A relied on manual processes
for ordering components from multiple suppliers, leading to delays and inefficiencies in
production.

With the implementation of e-business technologies, Company A transitions to a seamless B2B

commerce model. They establish a network of computers for placing orders, monitoring
production, and coordinating deliveries with suppliers. This transformation allows for real-time
inventory tracking, timely payments, and better coordination between suppliers and the
production line.

(a) What challenges did Company A face in its traditional supply chain management processes?

(b) How does e-business technology improve efficiency in B2B commerce for Company A?

(c) What are the key benefits of real-time inventory tracking and coordination with suppliers?

(d) How might other manufacturing companies benefit from adopting similar e-business solutions in
their supply chain operations?
3. Company B, a retail electronics store, aims to enhance its online presence and improve customer
engagement through e-commerce solutions. Traditionally, Company B relied on brick-and-mortar
stores to interact with customers, limiting its reach and accessibility.

By investing in e-commerce platforms, Company B expands its customer base and offers a wide
range of products online. Customers can now browse, purchase, and receive products
conveniently from their homes. Additionally, Company B implements online marketing
strategies, such as personalized recommendations and targeted promotions, to enhance the
shopping experience and increase customer satisfaction.

(a) What motivated Company B to invest in e-commerce solutions?

(b) How does e-commerce technology expand Company B's customer reach and accessibility?

(c) What online marketing strategies can Company B implement to enhance the shopping
experience?

(d) What are the potential challenges or risks associated with transitioning to e-commerce for
Company B, and how can they be addressed?

4. Company C, a global technology firm, embraces intra-B commerce to improve internal

communication and collaboration among its departments. Traditionally, Company C relied on
manual processes and face-to-face meetings for decision-making and project management.

With the implementation of intranet-based solutions, Company C facilitates multimedia

communication and real-time data sharing among its departments. Employees can collaborate
on projects, share updates, and access information from anywhere, enhancing productivity and
decision-making processes.

(a) What challenges did Company C face in its traditional internal communication processes?

(b) How does intra-B commerce technology improve collaboration and decision-making within
Company C?

(c) What are the key benefits of real-time data sharing and multimedia communication for Company
C?

(d) How might other global technology firms benefit from adopting similar intra-B commerce
solutions in their internal operations?

CHAPTER 6 : SOCIAL RESPONSIBILITY OF BUSINESS AND BUSINESS ETHICS

1. . Aquasure Ltd. manufactures RO water purifiers. In order to increase sales of their

product, they encouraged their salesman to make false claims to customers about

quality of their RO. This increased the sale of their water purifiers.
 Identify the group whose interest is being ignored by Aquasure Ltd.

2. Ajanta Ltd. decided to donate 2% of its sales to Child Rights and You (CRY) for improving the
condition of children in India. This initiative by the company was highly appreciated by the public
and their sales increased by 10%. Identify the interest group towards which Ajanta Ltd. is
discharging its social responsibility?
3. Company X, a multinational corporation operating in the food and beverage industry, decides to
implement a comprehensive CSR program. The program includes initiatives aimed at reducing
carbon emissions, promoting sustainable sourcing practices, and supporting local communities
through education and healthcare projects.

(a) What motivated Company X to implement a CSR program?

(b) How do initiatives like reducing carbon emissions and promoting sustainable sourcing contribute
to Company X's CSR objectives?
(c) What impact can Company X's CSR program have on its reputation and brand image?
(d) How might stakeholders such as consumers, employees, and investors perceive Company X's CSR
initiatives?

4. Company Y, a clothing retailer, faces allegations of unethical supply chain practices, including
child labor and poor working conditions in its overseas factories. In response, Company Y
conducts a thorough investigation and implements strict supplier guidelines to ensure ethical
labor practices throughout its supply chain.

(a)What ethical dilemmas does Company Y face regarding its supply chain practices?
(b)How can unethical supply chain practices affect Company Y's reputation and brand image?
(c)What steps can Company Y take to ensure ethical labor practices in its supply chain?
(d)How might consumers respond to Company Y's efforts to address ethical concerns in its
supply chain?
5. Company Z, a technology firm, establishes a community engagement program to support local
schools and educational initiatives. Additionally, Company Z launches a philanthropic initiative to
provide technology resources and training to underprivileged communities.
(a) How does Company Z benefit from engaging with the local community through its
philanthropic initiatives?
(b) What impact can Company Z's community engagement program have on education and skill
development in the local area?
(c) How might Company Z's philanthropic initiatives align with its business objectives and
values?
(d) How can Company Z measure the effectiveness and impact of its community engagement
and philanthropic efforts?

CHAPTER 7 : Sources of business finance

1. Star Ltd. Is planning to modernize its Plant with Latest technology. The company is not having
sufficient money. The finance manager plans to arrange money for three years as after three
years, the company is expected a good returns from their previous investment. The finance
managers do not want to spend floatation cost. And do not want to approach stock exchange.

(a) Suggest the suitable source of finance in above case.

(b) How can a company approach public without spending on floatation cost.

(c) State any three benefits of this source of finance.

2. ABC Ltd. Is planning to expand their business and need money. The finance manager

reported that company is not in a position to bear extra burden of paying interest and

equity shareholders insisted not to issue more shares as there is risk of losing control on

issue of new share in the market.

(a) Suggest a source of Owners’ fund suitable in above case.

(b) Explain the source of finance.

3. Fashion hut, a reputed garments manufacturing unit needs to meet its day-to-day expenses like
wages, rent, maintaining stock of raw material, etc. The owner approaches the supplier of the
raw materials to give credit for two months, so that he can get cloth for making garments
without making immediate payment. The supplier made an enquiry regarding the business
organization and found that its reputation was very good. So it extended two months credit to it.
Identify the source of finance.
5. Mayank has surplus money of Rs. 25,00,000, which he wants to invest either in equity

shares or in preference shares. Two real estate companies( Magic Estate and Skylark

Enterprises), with almost same creditworthiness are launching their public issue. Magic

Estate is coming up with a public issue of preference shares, while Skylark Enterprises is

coming up with equity shares. Mayank is confused about the two issues. He consulted his

friend Gaurav, who is a portfolio manager and Gaurav convinced him to invest the money in

Magic Estate due to ‘Preferentia Rights’ of preference shareholders over equity

shareholders.

i)State the ‘Preferential Rights’ stated by Gaurav, which convinced Mayank to invest in

Magic Estate.

Mayank wants to invest his savings in the financial security which provides higher returns

and high liquidity control over business affairs.

Identify which of the following would be the most suitable security?

6. Surya company, an LED lights manufacturing company has good growth prospects.

The owners of the company are planning to expand their business. For this, the

company needs additional funds. The finance manager reports that the company is not

in a position to bear extra burden of paying any fixed financial charges like interest or

dividend. They do not want to bear any flotation costs even. Also, the equity

shareholders insist not to issue further shares as there is risk of dilution of control.

(a) Suggest the source of finance most suitable for the company.
7. Company X, a multinational corporation operating in the food and beverage industry, decides to
implement a comprehensive CSR program. The program includes initiatives aimed at reducing
carbon emissions, promoting sustainable sourcing practices, and supporting local communities
through education and healthcare projects.

(a) What motivated Company X to implement a CSR program?

(b) How do initiatives like reducing carbon emissions and promoting sustainable sourcing
contribute to Company X's CSR objectives?

(c) What impact can Company X's CSR program have on its reputation and brand image?

(d) How might stakeholders such as consumers, employees, and investors perceive Company X's CSR
initiatives?

8. Company Y, a clothing retailer, faces allegations of unethical supply chain practices, including
child labor and poor working conditions in its overseas factories. In response, Company Y
conducts a thorough investigation and implements strict supplier guidelines to ensure ethical
labor practices throughout its supply chain.

(a) What ethical dilemmas does Company Y face regarding its supply chain practices?

(b) How can unethical supply chain practices affect Company Y's reputation and brand image?

(c) What steps can Company Y take to ensure ethical labor practices in its supply chain?

(d) How might consumers respond to Company Y's efforts to address ethical concerns in its supply
chain?

CHAPTER 8 : SMALL BUSINESS

1.Malini established a snacks manufacturing unit in Punjab. Malini invested Rs 7 crores in Plant &
Machinery. Malini decided to allocate 10% profit for educational and health needs of employees
and their family members. On the basis of given information, answer the following questions:

2. Which Act of industries is applicable to the above manufacturing unit

3.Identify the category in which Malini’s business will be placed as per the Act identified in the
part.
 4.What is the maximum investment limit of the category in which Malini’s business has been
placed

5.Also explain the other categories of business under the Act identified in Part (a)

6..Explain the stages in the process of Entrepreneurship development

7. Explain the different methods to fund start up & State the features of entrepreneurship

CHAPTER 9 : INTERNAL TRADE

1. Vimla wanted to buy a particular type of footwear of a good brand. Her mother took

her to a branded store located in a popular market in the City. To her

disappointment, she could not find her size in the style that she had liked. But her

mother pacified her by saying that she should not lose heart, as there are three more

stores of the same brand in the City. When they visited another store of the same

brand in the city she was surprised to see that it had the identical products and

display like the previous Store.

Identify and explain the type of retailer that has been described in the given

paragraph.

2. Rishabh is a retailer, who runs a departmental store in Krishna Nagar, Delhi. He

stocks an extensive variety of goods so as to provide a wider choice to the buyers.

Rishabh has effectively displayed new products and provides information about

features, price,etc. of such products to the customers. The departmental store is

situated near to the residential areas and remains open for long hours. Rishabh also

sells goods on credit to the reputed and known customers.

Identify and explain the Services of Retailers to Consumers’ being provided by

Rishabh from the given case.

3. Kharbanda Ltd. deals in a variety of consumer products like toiletries, groceries, electronics,
clothing,etc. The work place has been divided into a number of departments and every
department sells a particular commodity. In this way almost all the needs of consumers are
fulfilled under one roof. Manchanda Ltd. deals in footwears. The company has 200 shops at
different places of the country. The speciality of the business of this company is that at all its
shops the goods available are of the same type, and there prices are also the same. All sales are
made strictly on cash basis.Identify the type of retail trade done by Kharbanda Ltd. and
Manchanda Ltd. Also state any three features of each.
 4. “ Buy nail cutter and peacock feathers for pooja ghar from Som Bazaar which is held

on every second Monday of the month, outside Shiva temple.”

Identify the types of retailers as stated in the given sentence

CHAPTER 10: INTERNATIONAL BUSINESS

1. Nikhil deals in different types of gems and stone jewelry. Over the years, his business has

gained good reputation. When his son Sushil joined him in the business, he expressed his

desire to expand their business beyond the boundaries of the home country. He also shared

with his father, that this approach will increase the prospectus of both higher profits and

growth of their business.

a) Identify and explain the concept which will help Sushil to expand his family business

beyond the boundaries of the home country.

b) Explain any two of its other benefit which have not been mentioned in the given

paragraph.

2. Name the institution that regulates trade between the countries. State any two

objectives of the institution that regulates trade between the countries.

3. Mr Manoj , a resident of India wants to import heavy machinery and equipment

from Mr Jacob in Germany. As he is new entrant in international business you are

requested to suggest him the various steps of import procedure that he needs to

perform after placing an order.

4. Krish wants to export auto spare parts to Mr. David has asked for an enquiry to seek

information about availability of goods, price, quality and terms and conditions for

export of goods. In response to the enquiry, Krish sends a reply in the form of

Proforma Invoice. Mr. David found the price and terms and conditions acceptable.

So, he placed the order for goods. After verifying the creditworthiness of Mr. David,

Krish obtains an export license and arranges the pre-shipment finance.

On the basis of given information, state the next four steps to be followed by Krish

related to the procedure of export trade.