Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

Write the disadvantages of departmental stores.

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Reserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations. RBI is a corporate body created by the legislature with defined powers and functions and is financially independent with a clear control over banking activities of the nation. RBI is a corporate person and has the capacity of acting in its own name.

On the basis of the given information about the Reserve Bank of India (RBI), answer the following questions:

(a) How will you classify the Reserve Bank of India (RBI) as a form of public sector enterprise?

(b) State any three features of the type of public sector enterprise identified in part (a).

Vishal buys goods in larger quantities and sells them to small businessmen.

(a) Which type of trader in Vishal ?

(b) State services to Consumer of this type of trade.

Flavour Mobiles is a leading smartphone brand in the country with numerous accolades under its belt. Company was started in 2009 with an aim to bring the benefits of Smartphone telephony to the masses. Within a short span of time, Flavour has become the brand of choice of the discerning mobile consumer in a country which has one of the fastest growth rates in mobile device consumption. For this purpose company officials interact with different suppliers to get necessary raw material through internet to manufacture its products. Onnext Battery Ltd. is leading supplier of battery to the company. Flavour Mobiles use network of computers to interact with their suppliers. Transactions like placing orders, delivery of components, making payments are done electronically through internet. The company officials finds dealing through internet quiet convenient. Moreover, internet has enabled them to interact with many suppliers from different nations and select the one which offers then required raw material at low price.
On the basis of the given information about Flavour Mobiles, answer the following questions:
(a) Identify the two benefits of e-Business transactions highlighted above by quoting the line from the case.
(b) Explain the two other benefits of e-Business transactions to an organisation.

Satish took an insurance policy for his car. But he sold the car within a year to his friend Ramesh and got the registration done in Ramesh's name. After few months the car was stolen from Ramesh's Garage. Satish made a claim to Insurance Company. But his claim was rejected on the ground that he has not suffered any financial loss due to theft of the car.

On the basis of the given information about Satish, answer the following questions:
(a) Explain the insurance principle followed by Insurance Company in rejecting the claim?
(b) Who can claim the compensation from Insurance Company and why?

What are the different kinds of organizations that come under the public sector?

Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola is one of the world's largest ride-sharing companies. Following is the extract of Corporate Social Responsibility Policy (CSR Policy) of the company.
In accordance with Section 135(5) or the Companies Act, 2013 (the Act) or any amendments thereto, the company is committed to spend at least 2% of its average net profits made during the three immediately preceding financial years in some of the identified (social service) activities that are listed in Schedule VII (as amended) to the Act.
On the basis of the given information about OLA company, answer the following questions.
(a) Identify the type of social responsibility undertaken by it.
(b) State three types of social responsibility other than identified in part (a) above.

What do you mean by itinerant traders. Explain any three types of itinerant traders.

Discuss the merits and demerits of Departmental Undertaking.

Distinguish between BPO and KPO on the basis of:

1. Activities.
2. Focus.
3. Qualification.
4. Involvement with clients.