Forms of Business Organisation — Business Studies STD 11 Commerce — Question

Aniket after doing his fashion designing course, started an export business in the form of a private company along with his uncles Mr. Manish and Mr. Rajnish. They helped him to assemble resources, prepare necessary documents, give a name and perform various other activities to get a company registered and obtain the necessary certificate enabling the company to commence business. Later on, he came to know that Mr. Manish had forged the signatures of Mr. Rajnish on the Memorandum of Association. He is now fearing that the Incorporation of the company will be considered invalid.
On the basis of the given information, answer the following questions:
(a) What will Aniket, Manish and Rajnish be called as?
(b) According to you, will the incorporation of the company be considered as invalid? Why or why not?

Tripti is a well-known cardiologist of her town. Identify the type of economic activity highlighted in the given case and state its characteristics also.

YES Bank has developed unique product proposition extending the entire benefit of the advancement in the payments landscape to the customer's desktop by pioneering the introduction of the payments on the web. The platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute.

State the type of banking services highlighted in aforesaid case by quoting the lines from the same.

All the members of a company sitting in the annual general meeting died due to a bomb explosion.
What will be the existence status of the company? Give reason in support of your answer

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

List the major exports and imports in ancient India.

Explain the history of banking in India.

What are the core objectives of social responsibility of business?

One of your friends wants to start a partnership firm. In order to prove that his decision is good, what motivational reasons you would provide?

Give the benefits of Public-Private partnership.