Business, Trade and Commmerce — Business Studies STD 11 Commerce — 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).

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.

Explain the four advantages of being a MNC.

Identify the principle of insurance highlighted in each of the following statements:
(a) The insured is expected to disclose all the important facts related to the property insured.
(b) Insured must have some economic interest in the subject matter of Insurance contract.
(c) To claim for insurance the insured must take reasonable steps to minimize the loss.
(d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount.

Identify the main terms used in the internal trade:
(a) The type of transaction in which payment for goods or services is made at the time of delivery.
(b) A contract between the seller and the point of delivery to a carrier are te buyer in which all the expenses up to the
(c) The price of roods which be borme by seller. insurance and freight includes not only the cost of goods but also the (d) The term used in trade charges payable on goods upto destination port. been forgotten sheuld documents to state that mistakes and things that have

What are the responsibilities of business towards society (public)?

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).

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

Your friend is often confused about the meaning of commercial and central bank. He thought that the two are similar. How will 107 you make him understand?

What is meant by internal trade?