MCQs Based & Very Short Answer Type Questions

Q1. What is meant by Aids to trade?

Q2. What is B2B?

Q3. B2B Commerce means:

(a) Firm's interactions with other businesses

(b) Firm's interactions with its customers

(c) Firm's internal processes

(d) None of the above

Q4. What is meant by double insurance?

Q5. DTH services are provided by

(a) Transport companies

(b) Banks

(c) Cellular companies

(d) None of the above

Q6. The fee charged by the insurer on account of providing services is called

(a) Dividend (b) Installment

(b) Profit (d) Premium

Q7. A government company is any company in which the paid-up capital held by the Government is not
less than

(a) 49 per cent (c) 50 per cent

(b) 51 per cent (d) 25 per cent

Q8. Mr. Manish Sisodia is always involved in the formation of the company. He mainly involves himself
in conceiving a business idea and taking an initiative to form a company, so that a practical shape can be
given to exploit the available business opportunities.

Name the stage in the formation of the company in which Mr. Sisodia is involved.
(a) Promotion stage (b) Incorporation stage

(c) Registration stage (d) both (b) & (c).

Q9. What is ‘Certificate of Incorporation’?

Q10. Business risk is not likely to arise due to:

(a) Changes in government policy

(b) Good management

(c) Employees' dishonesty

(d) Power failure

Q11. The occupation in which people work for others and get remunerated in return is known as

(a) Business

(b) Employment

(c) Profession

(d) None of these

Q12. Hindustan Plants and Animals Ltd. and Bharat Poultry Farms Ltd. are engaged in breeding plants
and animals for their use in further reproduction. Name the category of industry to which these
companies are related:

(a) Genetic Industry

(b) Extractive Industry

(c) Manufacturing Industry

(d) Construction Industry

Q13. A housewife cooking food for her family and a boy helping an old man cross the road are doing so
out of love or sympathy. Identify the activities conducted by the above persons:

(a) Employment

(b) Economic

(c) Profession

(d) Non-economic.

Q14. What is meant By MOA?

Q15. What do you mean by Secondary Industries?

Q16. Define Sole Proprietorship?

Q17. What is Intra-B ?

Q18. Define Social Responsibility?

Q19 Difference between Debit Card and Credit card?

Q20. What is meant by AEPS?

(3 Marks)

Q21. Praveen and Ajay are two friends. Both of them are doing different business. Praveen's business is
facing change in fashion and change in prices and he is also very upset because of tough competition. On
the other hand, there is a great hurdle is there in Ajay's business because of the dishonesty of
employees, dishonesty of customers and stricker and lockouts.

Point out the type of business risk the two friends are undergoing/suffering from.

Q22. What is meant by Partnership Deed? Write its Contents.

Q23. The Government of India wants to expand the Railways. Answer the following questions related to
it.

(1) Which Government Department will do this job?

(2) To which department does this class of enterprise belong?

(3) How will the finances of this enterprise be managed?

OR

What are Multinational Companies? Explain any two advantages of MNCs.

Q24. Explain (a) NEFT

(b) Principle of Contribution.

(4 Marks)

Q25. Difference between ‘Insurance’ Vs ‘Assurance’

Or

Part(a) What is Hull Insurance

Part(b) what is meant by ‘Principle of Contribution with its formula for calculation purpose?
Q26. Business has to safeguard not only the interests of the parties but the interests of several other
parties also. In the other parties are included the employees, consumers, supplies, competitors/rivals,
government, community and the world. Today, only that business is regarded as good which along with
the interests of the owner takes care of the interests of all these parties also.

Which concept of business has been talked about in this statement? Identify that concept and state its
meaning.

Q27. Difference between Business & Profession?

Or

What is meant by B2C in detail? Explain with real life examples?

Q28. Define Employment? What are the different features of Employment?

Q29. Explain (a) Co-operative Farming Societies.

(b) Make a Flow Chart of ‘Types of Industries’.

Or

Difference between Private Company and Public Company

Q30. What do you mean by the Government companies? Explain the features of the government
companies?

(6 Marks)

Q31. Explain the concept of Business Risk? What are the causes of business risks?

Or

Difference between Business, Profession & Employment.

Q32. Part (a) Explain the all types of partnerhip?

Part (b) what is Joint Stock Company (OPC)

Q33. Mr. Jitendra, the owner of Jitendra Steel Industry does the wholesale Trade of utensils. Some of
the utensils are made in his factory itself and some others, he purchases from other manufacturers.
Every day, he has to make payment to several other traders. He wants that as soon as he deposits
money in his bank it should be credited to the account of the receiver without any delay. On enquiring
from the bank, he learnt that through e-banking there are two systems available for sending money
from one place to another. According to one system, transfer of money from one bank to another is
done in batches and according to the other system, transactions are done one after the other in
continuity.
State the names of these two systems.

Also explain the system in detail which will be useful to Mr. jitendra.

Q34. Explain in detail the types of Pollution?