Emerging Modes of Business — Business Studies STD 11 Commerce — Question

A company insures its stock against fire for Rs. 15 Lakh. A fire broke down and the total stock was lost. At the time of fire there was stock worth Rs. 25 Lakh. What is the value of compensation company would be entitled to ?

National Mineral Corporation of India, Incorporated in 1958 as a Government of India fully owned public enterprise. Under the administrative control of the Ministry of Steel, Government of India, the NMDC is India's single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanised mines.

The NMDC is actively involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

On the basis of the given information about National Mineral Corporation of India, answer the following questions:

(a) Identify the types of industry and its category being discussed in above case.

(b) Mention the other industry which falls in same category and give two examples.

A London based manufacturing co. manufacturing washing machines wish to add 2 new products in India namely AC’s ad Refrigerators. Out of a lot of 10 applicants the co. chose two wholesale firms (headed by females) whose proposals were very competitive and attractive. The wholesaler firm of AC’s hired the services of a (differently able retailer) Hari at competitive prices to sell AC’s in Delhi, Hari informs his wholesalerfirm’s head that the consumers of Delhi wish that their houses are cold when they reach their homes in the scrotching heat of Delhi.

(a)Explain three services rendered by retailers to wholesalers or manufacturers.

(b) Identify two values which are being adhered to in the above paragraph

William R Bassett has rightfully observed, "The one-man control is the best in the world if that man is big enough to manage everything." Do you agree with him? Give reasons for your answer.

What do you understand by Social Responsibility of business? How is it different from legal responsibility.

Mention and define the documents which are used in internal trade.

Write important functions of Indigenous banks.

‘’Ojas Auto Ltd. ‘’ is a very well known auto company in the industry having more of equity share capital than long term debt in its capital structure. It is willing to expand and establish new unit in the backward region and want to train the tribal women in skill Development to empower them. It has a huge amount of cash reserve of Rs. 1000 crores.

(a) what is the status of capital structure of the above company.

(b) According to you, which source of finance should be used by the company in establishing new units? Give any two reasons in support of your answer.

(c) What values does the company exhibit in the above case?

What do you understand by insurable risks and uninsurable risks?

Which industries are classified as Small Scale Industries? Also give the main features of these industries.