Small Business — Business Studies STD 11 Commerce — Question

List the documents required for the incorporation of a company.

Myra Infosystem Ltd. is a company engaged in IT enabled services. The company's profits are enough for the survival and growth. The management of the company believes that a satisfied employee creates a satisfied customer, who in turn creates profits that lead to satisfied shareholders. So, it pays competitive salaries and perks to all its employees. All the employees are happy working in the organisation because of personal growth and development.
The company had a strong sense of social responsibility. It has set up an Engineering College in which one-third of the students' are girls to whom the company grants annual scholarships.
On the basis of the given information about Myra Infosystem Ltd., answer the following questions:
(a) Mention the objectives of the management discussed above.
(b) Also explain the role of profit in business.

After the announcement of demonetisation of ₹500 and ₹1000 currency notes by the Government of India, there has been a sharp increase in the number of downloads for mobile applications like: Paytm, PayPal, e-Wallet etc. Usage of digital currency is on the rise as customers are increasingly opting for new platforms. There have been very strong reactions from general public on platforms like Facebook, Twitter, Instagram etc., where some groups are supporting the decision while many others groups are opposing it.
On the basis of the given information about demonetisation, answer the following questions:
(a) Which new mode of business is emerging these days?
(b) Enlist the ways of payment options other than cash payment used in the emerging mode of business identified in part (a).
(c) Explain the security measures to be adopted in the above emerging mode of business?

Name any three special financial institutions and state their objectives.

In what ways is exporting a better way of entering international markets than setting up wholly owned subsidiaries abroad.

Mr. Joseph worked as a manager in 'Highend Traders' a trading company. He
decided to start his own business selling similar products. After preparing all details he realized that he does not have sufficient funds to start business on his own. He discussed the business plan with his friend Raman and both decided to join hands as partners. They opened a bank account in the Indian Bank for business transactions and prepared all documents to register their business. Ranbir, Joseph's colleague in Highend Traders also wanted to be part of business but did not want to leave a secured job. So he decided to invest money in business but not to take active part in the activities. Ranbir used his position to inform Joseph about the important decisions and strategies followed by Highend Traders. The CEO of Highend Traders came to know about the conspiracy of Ranbir and terminated him from his services.
On the basis of the given information about Highend Traders, answer the following questions:
(a) Identify the form of business which Joseph and Raman decided to form. State any two benefits of registering this type of business organisation.
(b) Identify what type of member is Ranbir in this organisation? Quote lines to support your answer.
(c) Which value is being ignored by Ranbir?

Raisha is a young, ambitious and creative girl who wishes to make her parents proud of what she is. Since childhood, she was interested in art and craft and won various prizes in school and inter-school competitions. After passing class XII from commerce stream, she is pursued b.com.(hons) from a reputed college of delhi. University. To continue her creative passion along with her studies and to support her family economically, she started giving art and craft classes to kids, comprising of skills such as paper quilling, clay modeling, paper craft, table mats, mask-making, pot decoration, flower making etc. The noteworthy point was that she used to give such classes free of cost to the kids of poor parents living in slums near to her place. She herself used to give material to them and train them to make such craft items. The kids were happy to learn artistic skills without paying anything and she posted pictures of such craft items, so prepared, on her face book page. She started getting orders for such craft items, which led to huge revenues. Whenever she got such orders, she called the parents of those kids and gave some amount of the r received to them. Raisha's parents were very happy and satisfied with her work. But, they were astonished to know that Raisha was also earning reasonable profits revenue since last two years from her work
On the basis of the given information about Raisha, answer the following questions:
(a) Identify any one economic and one non-economic activity from the above para, by quoting relevant lines.
(b) Which type of economic activity is being performed above? Define it.
(c) What was the main objective of Raisha?
(d) Raisha is very sure that her economic activity is completely risk-free. Do you agree with her? Justify giving reasons

Give the advantages and disadvantages of borrowed funds.

After a 17-year roller-coaster ride, the Government of India, following the credo of 'One Nation and One Tax' and wanting a unified market in order to ensure the smooth flow of goods across the country implemented at the stroke of midnight on 1 July, 2017, in response of the Constitution Amendment Bill, a special reform approved by The President of India in a the dignified function much like the one which marked India's Independence.
Addressing a packed Central Hall of Parliament, Prime Minister specified the historic nature of the reform. The government has launched an app to facilitate a smooth transition to the new reform.
On the basis of the given information about reform, answer the following questions:
(a) State the special reform approved by the President of India in a the dignified function much like the one which marked India's Independence.
(b) What is the main aim of this special reform approved by the President of India.
(c) Enlist the key features of the special reform approved by the President of India.

State the meaning of public private partnership.