Small Business — Business Studies STD 11 Commerce — Question

Vijay Plastic Pvt. Ltd. are makers of plastic toys for children; earning a huge profit. A research conducted by The Indian Council of Child Welfare on the toys shows that colours used in manufacturing toys are harmful for the children. The test was conducted on toys manufactured by the company and case was filed against Vijay Plastic Pvt. Ltd. for using sub-standard colours. However, managing director assured that the company will use standard colours only after certification from the research laboratory. The company will expand its production capacity by employing labour from unprivileged sections of the society.

On the basis of the given information about Vijay Plastic Pvt. Ltd., answer the following questions:

(a) Specify the type of business activity performed by Vijay Plastic Pvt. Ltd.

(b) Specify the category of type of business activity identified in part (a).

(c) Specify the social value ignored by the company and social value taken into account by the company.

Aarti was born and brought up in Mumbai. After completing her higher studies, she started working as an assistant architect in a leading company. After a few years of that now she wants to set up her own consultancy and undertake independent projects. She discusses her plans with her father.
Her father suggests that she should carry on with the job because starting independently will mean becoming a sole proprietor and that would bring along problems of unlimited liability. But Aarti was not convinced to stay in the job.
Then he suggested that the second option for her could be to form a partnership or a Pvt. Ltd. Company, with a friend. But Aarti did not like this idea either, as she did not want any form of interference from anyone. Aarti approached a consultant and discussed her concerns with him. The consultant offered her a solution and Aarti was happy with that idea.
On the basis of the given information, answer the following questions:
(a) Which form of business organisation would have been suggested by the consultant?
(b) Explain the benefits of this form over sole proprietorship and private company

Sahara India Pariwar owns many companies. Sahara India Life Insurance Company Limited is the first wholly Indian owned private life insurance company. It offers an exhaustive range of competitive products/plans that caters to everyone from all segments along with prompt and quality customer services and support. Sahara Asset Management Company Pvt. Ltd. is a professional mutual fund house which manages many mutual fund schemes.
On the basis of the given information about Sahara India Pariwar, answer the following questions:
(a) Sahara India Pariwar owns both public and private companies. How is a public company different from a private company?
(b) Give two similarities between company and cooperative society form of business organisations.

Multinational Companies have done more harm than good. Explain.

Identify the main documents used in internal trade:
(a) A confirmed purchase order containing the term and condition on which buyer and seller agree on the product detail and cost.
(b) This document is an evidence of contract between buyer and seller. This document contains detailed description of goods quantity, price, total value, term of payment etc.
(c) A document of title issued by the transporters when goods are sent by roadways.
(d) A document of title issued by the railway authorities when goods are sent by railways.

Identify the main terms used in the internal trade:
(a) The type of transaction in which payment for goods or services is made at the time of delivery.
(b) A contract between the seller and the point of delivery to a carrier are te buyer in which all the expenses up to the
(c) The price of roods which be borme by seller. insurance and freight includes not only the cost of goods but also the (d) The term used in trade charges payable on goods upto destination port. been forgotten sheuld documents to state that mistakes and things that have

What are the differences between Equity Shares and Preference Shares?

The Food Corporation of India (FCI) was set up on 14 January 1965 having its first District Office at Thanjavur - rice bowl of Tamil Nadu and headquarters at Chennai (The Headquarters later shifted to Delhi) under the Food Corporations Act 1964. The Food Corporation of India (FCI) implemented the objectives of the effective price support operations for safeguarding the interests of the poor farmers and regulation of market price to provide food grains to consumers at a reliable price. The Food Corporation of India procures rice and wheat from farmers through many routes like paddy purchase centresmill levy/custom milling and stores them in depots. FCI maintains many types of depots like food storage depots and buffer storage complexes and private equity godowns and also implemented latest storage methods of silo storage facilities which are located at Hapur in Uttar Pradesh and Elavur in Tamil Nadu.

On the basis of the given information about The Food Corporation of India (FCI), answer the following questions:

(a) How will you classify the Food Corporation of India (FCI) as a form of public sector enterprise?

(b) Why it was necessary for the government to pass the Food Corporations Act 1964 for its formation?

(c) State any three advantages of form of public sector enterprise identified in part (a).

We need to give special attention for the growth of rural, backward and hilly areas. Why?

Geeta Pustak Bhandar sells only religious books. But all kinds of books are available at 'Kapoor Pustak Bhandar'. Both of them are examples of Small Scale Retail Trade. Even then the nature of their trades is different from each other. Identify the nature of the difference between the trades of both of them and explain it.