Private, Public and Global Enterprises — Business Studies STD 11 Commerce — Question

Name the business which are suitable to sole proprietorship form of organisation.

Describe the reality of social responsibilities of a company.

What preferential rights are enjoyed by preference shareholders. Explain.

Even though MoA is an important document of the company, yet is suffers from certain disadvantages. State those disadvantages.

What purpose is served by wholesalers providing warehousing facilities?

Briefly explain the role of commerce in business.

How does commerce remove the obstacles in exchange of goods and services?

Briefly explain the primary functions of commercial banks.

Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Mohd. Abdul, a whole sale dealer of fancy lights. Mohd. Abdul gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month. Will Mr. Singh be liable to Md. Abdul if Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation 

Explain briefly the relevance of the Certificate of Incorporation.