Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

State the features of cottage industries.

What is the utility of intellectual property rights in entrepreneurial development?

Explain how industry, trade, and commerce are interrelated.

For more than 150 years, the Department of Posts (DOP) has played a crucial role in the country's social economic development. It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and providing retail services like bill collection, sale of forms, etc. The Department of Posts also acts as an agent for Government of India in discharging other services for citizens such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage disbursement and old age pension payments. With 1,55,015 Post Offices, the Department of Posts has the most widely distributed postal network in the world. The funding of Department of Posts come directly from the government Treasury and is an annual appropriation from the budget of the government. The revenue earned by these is also paid into the treasury.

On the basis of the given information about the Department of Posts, answer the following questions:

(a) How will you classify the Department of Posts, as a form of public sector enterprise?

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

Why is it necessary to get registered with an export promotion council?

Explain any four features of GST.

List any five major commercial cities of ancient India?

Harsh is a well known orthopedic doctor in Agra. He runs his private clinic under the name 'Joint and Bone Clinic'.
In the context of the above case:
i. Identify the type of economic activity that Harsh is engaged in.
ii. State any three features of the type of economic activity as identified in part (i) of the question.

Saurabh and Gaurav felt that there was an opportunity of business in providing a service of online grocery stores to working people residing in Mumbai. They analysed the idea in terms of technical, financial and economic feasibility. Once they found all the aspects to be satisfactory they decided to start a company called 'Grocery At Home Private Ltd'. They got the name registered with the registrar of companies.
On the basis of the given information about Saurabh and Gaurav, answer the following questions:
(a) Identify the step in the formation of company highlighted in above case?
(b) Enumerate the next three stages to be followed after the conclusion of aforesaid stage in the step identified in part (a).

Board of Directors of ‘’Bio Pure water Ltd.’’ decides to set up its first unit in the hilly area of Himachal Pradesh Company requires Rs. 3 crores for it and Rs. 50 Lakhs for working capital. The company has earned marked15% of its profit for Educational and Health needs of its employees and their family members.

(a) The above company comes under which category as per MSMEDAct 2006.

(b) Write any one commercial reason for setting up of unit in the hilly region.

(c) According to you, what are the options available to the company for meeting its long term and short term needs.

(d) what are the values promoted by the company.

[Hints: Small scale Industry, Cheap price of Land and Labour, Equity share Capital and Loans from Bank, Balanced Regional Development, Motivation to employees, Employment Ganeration and upliftment of rural areas]