Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

Mahendra Singh Dhoni is an Indian international cricketer. At the beginning of his career he worked as a Train Ticket Examiner in 2001 at Kharagpur railway station, in West Bengal. His father Pan Singh, worked for Public Sector Undertaking and his mother Devki Devi is a housewife. He has an elder brother, Narendra Singh Dhoni, who is a politician, and a sister, Jayanti Gupta, who is a teacher.

On the basis of the given information about Mahendra Singh Dhoni, answer the following questions:

(a) State by giving reasons, whether he and his family members are engaged in economic or non-economic activity

(b) Also state which type of economic or non-economic activities are they engaged in

Write four points of importance of international business for a country.

Rohan, a student of business studies, wants to understand the interrelation between industry, trade, and commerce. Help him.

Explain political and legal causes of business risks.

Lalitha Devi did her post-graduation from Manipur University, Imphal. She had
offers to join some reputed firms in metropolitan cities like Delhi and Mumbai. Instead of joining any of these firms she decided to do some creative work in Imphal. She observed that a special type of chilli is grown by the farmers in most of the villages in Imphal. This chilli has a distinct flavour and pickle made from this chilli has a taste which may be liked by people from the rest of the country. But the farmers were neither trained for this kind of farming of this kind of chilli on a large scale nor was there a secured market for their produce. Lalitha Devi met 18 like-minded women of the area and formed an organisation for doing the business of pickle manufacturing. Each of them contributed ₹20,000 each towards its capital and were equally responsible for its management. On one hand they assured the farmers to purchase their chilli and on the other hand, the organisation with the help of local agriculture department arranged for the training of the farmers. They also employed 10 local unemployed graduate girls for doing the various operations of pickle making.
On the basis of the given information, answer the following questions:
(a) Identify the kind of organisation that was formed by Lalitha Devi.
(b) Explain the type of the kind of organisation that was formed by Lalitha Devi.

What do you understand by qualification shares?

Can profits be the sole objective of a business? Justify your answer by giving suitable reasons.

Distinguish between joint stock company and cooperative society.

State the importance of the bill of lading.

Enumerate the political causes of business risk.