International Business-I — Business Studies STD 11 Commerce — Question

Deepa is a dealer of used books and runs a shop under the name of 'Om Bookshop' in Kamla Nagar, Delhi. As the book shop is located within the area of Delhi University, it is very famous among the college students as they can get the used books in good condition and that too at a price much less than the MRP.
a. Deepa will be classified as which type of retailer and why?
b. Identify the category of the type of retail trade as identified in part (a) of the question under which Deepa should be placed.
c. State three features of the type of retailer as identified in part (b) of the question.

Established in 1963, MMTC is a leading international trading company of India with a turnover of around 12,500 crore. MMTC is the first Public Sector Enterprise to be accorded the status of "five star export house" by Government of India for long standing contribution to exports. The government owns 89.93 % stake in MMTC. MMTC continues as the canalized agency for export of Iron ore, Manganese ore and Chrome ore. MMTC is also one of the three canalizing agencies for import of urea. Presently, MMTC is one of the nominated agencies for import of gold and silver. Its vast international trade network, which includes a wholly owned subsidiary in Singapore covers almost all countries in Asia, Europe, Africa, America etc. giving MMTC global market coverage.

On the basis of the given information about MMTC, answer the following questions:

(a) How will you classify MMTC as a form of public sector enterprise?

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

Write a short note on 'ploughing back of profits' by companies. What advantages one can accrue out of them?

Write a short note on SIDO.

Gupta Brothers inherited some ancestral property. They decided to form a Hindu Undivided Family Family (HUF) consisting of four male members and invested the ancestral property into the business. The family is headed by Shyam Sunder Gupta. The business took a loan of ₹10 lakh from Syndicate Bank for a term of three years. Due to poor financial position of the business, the family members were unable to repay the loan. The bank filed a suit for the recovery of loan. Shyam Sunder Gupta pleaded the court that as the entire loan was taken for the purpose of business, all members of the business were liable for the repayment of the loan. The court gave a decision and stated that all the members except Shyam Sunder Gupta, are liable for repayment of the loan only to the extent of their share of co-parcenary property of business. However, Shyam Sunder Gupta had to pay the balance amount from his personal property.
On the basis of the given information, answer the following questions:
(a) Why did the Court hold Shyam Sunder Gupta responsible for paying the business liabilities out of his personal assets?
(b) Explain any three disadvantage of a Hindu Undivided Family Business (HUF) not discussed above.

India enjoys a unique global position in terms of production of all commercially useful varieties of silk. India is the second largest producer of silk. With sericulture activities spread across 52,360 villages, the Indian silk industry is one of the largest generators of employment and foreign exchange for the country. The industry provides employment to over 8.25 million people in the country. The silk products exported include natural silk yarns, fabrics, made-ups, readymade garments, silk carpets and silk waste. The top ten importers of Indian silk and silk products were US, UK, China, UAE, Germany, Italy, Canada, France, Singapore and Hong Kong. On the basis of the aforesaid information about silk products, answer the following questions:
(a) Enumerate the two benefits available to the Indian business firms who are engaged in silk export.
(b) How do the different nations engaged in trade of silk stands to gain?

Classify internal and external sources on the basis of time.

The enterprise of Suzuki Motors of Japan and Government of India in early 80's is of astounding success and brought prosperity to the regions and win-win endeavour to all stakeholders. After establishing the affordable small car culture in the low income large target consumer base in India, the enterprise brought substantial revamp in living standard and speed up growth in the developing economy. The credit of this successful enterprise not only goes to the disciplined quality and technological excellence apt for the segment by foreign partner Suzuki but also Government of India spirit of allowing foreign partner a comfortable zone inspite of minority stake for better corporate governance. On the basis of the given information about Suzuki Motors of Japan, answer the following

questions:

(a) Identify the kind of business enterprise formed by Suzuki Motors of Japan and Government of India in early 80's.

(b) Explain any three benefits of the kind of business enterprise highlighted in above case.

What do you understand by Intellectual Property Rights? Explain.

Clarify the meaning of the terms Entrepreneur, Entrepreneurship and Enterprise.