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

Explain the emergence of merchant banks in India.

Explain different types of indigenous banks.

Akshay is a shareholder in a company holding 2,000 shares of ₹10 each on which he has already paid ₹7 per share.
What will be his liability in the event of company's failure to pay debts? Give reason in support of your answer.

State the meaning of business.

With the help of suitable example discuss in brief the manufacturing and construction industries.

How are MNCs helpful in managerial development?

Explain the position of Indian Subcontinent in world economy since ancient times.

Nirmala orders a mixer on the basis of an advertisement in a newspaper specifying the features, price, delivery terms. It specified that the terms of payment will be VPP only.

(i) Identify this type of retail business.

(ii) Explain two advantages and two limitations of them.

After completing his studies Manav started his own business. He invested ₹2,00,000 as capital which was given to him by his father. He obtained a loan of ₹1,00,000 from his elder brother Ravi, who was working as an assistant manager in Bank of Baroda. In the first year he incurred a loss of ₹50,000 and had to pay to his suppliers their outstanding bills. This created a financial problem for him and he had to take a loan of ₹1,00,000 from the Bank of Baroda on the personal guarantee of his brother. He started doing hard work, lowered the prices and informed his customers about the qualities of goods sold by him. Because of this the sales increased four times and he earned a net profit of ₹75,000 in the second year. His two friends Aman and Suresh showed interest in joining his business. They signed a partnership deed where they decided to share profits equally. Aman and Suresh invested ₹3,00,00 each but Suresh said that he will not take active part in working of the business because of his job.
On the basis of the given information, answer the following questions:
(a) Identify the form of business organisation started by Manav.
(b) Identify the form of business organisation formed after joining of his friends Aman and Suresh.
(c) What is a liability of Suresh in business formed in part (b) above?

Describe the reality of social responsibilities of a company.