Sources of Business Finance — Business Studies STD 11 Commerce — Question

Identify the types of bank accounts being highlighted in following situations:
(a) This account can be opened by any limited company. Payments can be made in the account unlimited number of times. Funds can be remitted from any part of the country to the corresponding account. Overdraft facility and Internet banking facility are available.
(b) It is a kind of account in which two free cheque books will be issued each year. Internet banking facility will be provided without any charge. Balance enquiry, NEFT, bill payment, mobile recharge, etc., are provided through mobile phones. Students can open this account with zero balance by providing the required documents.
(c) Any resident is eligible to open this account in single/joint names. The account can be opened for any period ranging from 6 months to 120 months for monthly installment. The amount selected for installment at the start of the scheme is payable every month and the number of installments once fixed, cannot be changed. The rate of interest is compounded quarterly and the final amount is paid on maturity.
(d) A kind of deposit scheme introduced by different banks, where the excess amount in the savings bank account is transferred to fixed deposit account and the account holder earns more rate of interest In short, it gives the account holder the interest of a term deposit with the flexibility of partial withdrawal, whereas, the remaining cash will get better. interest

If you start a business, which objective will be of utmost importance to you and why?

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

Business is a part of society. Explain this statement in the context of Social Obligation of Business.

Distinguish between a small scale business unit and large scale business unit on the basis of nature, type of labour, scale of operation and capital.

Tarun is engaged in lumbering. He thinks of diversifying his business and decides to import a new cattle breed from abroad. For the movement of cattle he appoints Fast n Quick Ltd. that deals in transportation of live stock. Once his goods are ready, the consumers are made aware by advertisements and other sales promotion techniques.

On the basis of the given information about business done by Tarun, answer the following questions:

(a) Identify the types of industry and the category of industry in which Tarun is dealing.

(b) Identify and explain industry in which Fast n Quick Ltd. is dealing.

(c) Identify the values portrayed above.

What are the responsibilities of business towards employees and customers?

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

After doing her M.Com from 'Himachal Pradesh University of Shimla', Komalika went back to her village in Kinnaur district of Himachal Pradesh. She wanted to contribute for the development of women of her village, so she formed an organisation, the membership of which was open for all the women villagers on a voluntary basis by paying ₹ 500 only which will be treated as their capital. Komalika knew that the land of her village was suitable for the farming of medicinal plants. So she motivated the members of her organisation for growing medicinal plants in their fields under the guidance and help of the local agricultural department. It was also decided that the organisation will purchase the produce of each member and sell the same to drug manufacturing companies at a very good price which was not possible for the members individually. The main objective of the organisation is to render services to its members rather than to earn profit. A computer training center for young boys and girls of the village was started under the guidance of Komalika from the surplus of the profits.
On the basis of the given information about Komalika, answer the following questions:
(a) Name the process that helped Komalika in developing an idea into an opportunity.
(b) Identify the kind of organisation that was formed by Komalika.
(c) State any two values which Komalika wanted to communicate to the society.

India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties and accounts for half of the global trading in spices.
Top spices produced in the country include pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, dill seed, garlic, tamarind, clove, and nutmeg among others Major importers of Indian spices are USA, China, Vietnam, UAE, Indonesia, Malaysia, UK, Sri Lanka, Saudi Arabia, and Germany.
On the basis of the aforesaid information about spices, answer the following questions:
(a) Enumerate the two benefits available to the Indian business firms who are engaged in spice export.
(b) How do the different nations engaged in trade of spices stands to gain?