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

What is the eligibility for startups?

Give the differences between sole proprietorship and partnership.

E-Wallets are an easy and faster way to make payments still are not pure blessings. Do you agree? Justify.

Which eight problems have been identified by the United Nations which cause damage to natural environment?

The banking system in India dated back to 1750 BC. In ancient India there is evidence of loans from the Vedic period. From the writing of many foreign travellers during Mughal period we came to know about the use of various instruments in the then great commercial centres. In the Mughal period historians found the evidence of loan deeds which were called dastawez. There were two types of dastawez - one was payable on demand and other was payable after a stipulated time. The most important class of credit instruments of exchange evolved in India at that time. Their use was most widespread in the twelfth century, and has continued till today.

On the basis of the given information about the banking system in India, answer the following questions:

(a) Identify the instrument of exchange prominent in the great ancient commercial centres of India.

(b) State two important features of the instrument of exchange identified in part (a).

Why does business enterprise need finance?

Prakash is a petty trader who carry different varieties of fruits on his hand cart and move from one colony to another to sell his merchandise at the doorstep of the customen. State giving reason the type of retailer and its category under which Prakash should be placed.

Why is it said that companies have a separate legal entity?

Define promoter. What are the functions of a promoter?

Discuss in brief the following objectives of business.

1. Market Standing.
2. Innovation.
3. Manager's Developments.