Business, Trade and Commmerce Business Studies - Business, Trade and Commmerce

Which of the following is an example of genetic industry?

Financial intermediaries facilitate channel of funds between:

In second five year plan, Indian government allowed imports of capital goods for:

An industry which is engaged in the building and restoring structures like: roads, bridges, apartments, dams, etc is known as:

Which of the following is not a business activity?

Name the auxiliary to trade that removes the hindrance of time.

Define financial intermediary.

What type of industries are engaged in who the extraction of useful materials from beneath the surface of the Earth?

What were the important merchant communities in India?

Name the first bank of India.

Raman started a gym named as 'Stay Healthy Gym'. He installed large number of machines and equipments of different types and appointed trained trainers to help the customers in the use of machines. Initially he kept a low fee per hour so that the boys and girls belonging to poor families may also avail the facilities of the gym. Very soon his gym became popular and he started operating in three shifts. For this, he pointed additional trainers. He also installed extra machines so that more customers could be enrolled. In two years, he started earning good profits. He took a nearby building on rent and started a 'Recreation and Health Club' for the senior citizens of the locality on very nominal charges. He also encouraged trainers working under him to participate in the cleanliness drive started by the Prime Minister. They agreed and started giving one hour daily for the cleanliness of the nearby areas.

(a) Identify the types of economic activity done by Raman and Trainers.

(b) Also, identify any two values that Raman tried to propagate.

About 6 billion passengers travel in Indian Railways each year. If anyone of us has traveled they will vouch for the fact that currently the availability of quality food in Indian Trains is something not to be excited about. Travelkhana solves this very problem for the railway passenger.

It offers a variety of choices to a railway passenger so that the passengers can order food as per their liking and at their price point while they are travelling. The Travelkhana automated platform tracks trains in real time across India and ensures that fresh food is delivered to the passenger as per their choice in real time. It also helps vendors and restaurants in terms of effective and efficient fulfillment. Additionally, it completes an entire fulfillment cycle right from the point of ordering to Delivery, Customer feedback and Reconciliation. What is most exciting is that railway passengers are served fresh food thanks to the patented technology behind Travelkhana? Travelkhana was started by Mr. Pushpinder Singh.

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

(a) Identify the types of industry being discussed in above case.

(b) What values are being exhibited by the above business?

National Mineral Corporation of India, Incorporated in 1958 as a Government of India fully owned public enterprise. Under the administrative control of the Ministry of Steel, Government of India, the NMDC is India's single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanised mines.

The NMDC is actively involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

On the basis of the given information about National Mineral Corporation of India, answer the following questions:

(a) Identify the types of industry and its category being discussed in above case.

(b) Mention the other industry which falls in same category and give two examples.

Sona Technologies Ltd. have developed a hand powered, portable washing machine that can clean your clothes in a flash. Their product is very different as compared to other washing machines presently sold in the market. The profit margins are kept low to motivate people from lower middle class to buy the product. The company wants to provide information about new features, price, availability and brand name to the target market. Presently the company is only delivering their product in Japan but they are planning to tie up with Amazon for delivering it to other parts of world too.

On the basis of the given information about Sona Technologies Ltd., answer the following questions:

(a) Name and explain the service facility/aids to trade which the company can utilize to inform the target market about their product.

(b) Which hindrance of commerce is removed by Amazon?

Newland Tea Ltd. is a Singapore based company dealing in import of tea from India and re-exporting it to many South-East Asian Countries. It has a huge godown near the sea port where it has made scientific arrangements for storing tea till it is re-exported.

On the basis of the given information about New land Tea Ltd, answer the following questions:

(a) Name and explain the type of trade referred above?

(b) Name the aids to trade being utilized by Newland Tea Ltd., and which utility does it create?

Robert has just completed her post graduation in Fashion Designing from a premier institute of designing. Being from a fashion industry, trends of dresses and choices are well known to him. He opened a huge business house for ladies clothing of latest fashion. He is well versed with the trend but does not possess any business experience. His target is to capture not only the national market but also the International. He participated in many fashion shows where his designs were liked by people. He received a bulk export order. But due to negligence of his employees the shipment was rejected and he suffered a huge loss.

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

(a) Identify the cause of business risk by quoting the line.

(b) State causes of business risk other than identified in part (a) above.

Nirma became a huge success and all this was a result of Karsanbhai Patel's entrepreneurial skills. Karsanbhai Patel had good knowledge of chemicals and he came up with Nirma detergent which was a result of innovative combination of the important ingredients. Indigenous methods were used, and also the detergent was more environment friendly. Consumers had a quality detergent powder, having an affordable price tag. Nirma focused on cost reduction strategies to make a place for itself in the market and earned a lot of profit. Nirma has always been known for offering quality products at affordable prices and thus creating good value for the consumer's money

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

(a) Identify and explain the types of objectives which the company has set. Quote the line for each type from above para.

(b) Identify any two values which company kept in mind while setting these objectives.

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.

KPSG is specialized in consultancy service. The company makes a software for a reputed bank in USA. It is also specialized in managing the accounts of the bank. To continue this work, KPSG hires professionals like engineers, chartered accountants etc., who are competent in these fields.

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

(a) KPSG comes under which kind of industry. Name and explain.

(b) Name and explain other types of industries, other that identified in part (a) above.

Harshit runs a well known departmental store in Delhi. He procures different kinds of products from all over the country through railways, roadways and airways. He also owns a godown to hold the stock. He has taken an insurance policy worth ₹10 crores for his business. Moreover, he has taken a loan of ₹2,00,000 from ICICI bank in order to meet all short term needs of business. He has also placed information about his store on bill boards, hoardings etc.

In the context of the above information about Harshit's business, answer following questions:

(a) What are auxiliaries of trade?

(b) Identify the auxiliaries of trade that are being used by Harshit in his business by quoting lines from above paragraph.

Raisha is a young, ambitious and creative girl who wishes to make her parents proud of what she is. Since childhood, she was interested in art and craft and won various prizes in school and inter-school competitions. After passing class XII from commerce stream, she is pursued b.com.(hons) from a reputed college of delhi. University. To continue her creative passion along with her studies and to support her family economically, she started giving art and craft classes to kids, comprising of skills such as paper quilling, clay modeling, paper craft, table mats, mask-making, pot decoration, flower making etc. The noteworthy point was that she used to give such classes free of cost to the kids of poor parents living in slums near to her place. She herself used to give material to them and train them to make such craft items. The kids were happy to learn artistic skills without paying anything and she posted pictures of such craft items, so prepared, on her face book page. She started getting orders for such craft items, which led to huge revenues. Whenever she got such orders, she called the parents of those kids and gave some amount of the r received to them. Raisha's parents were very happy and satisfied with her work. But, they were astonished to know that Raisha was also earning reasonable profits revenue since last two years from her work
On the basis of the given information about Raisha, answer the following questions:
(a) Identify any one economic and one non-economic activity from the above para, by quoting relevant lines.
(b) Which type of economic activity is being performed above? Define it.
(c) What was the main objective of Raisha?
(d) Raisha is very sure that her economic activity is completely risk-free. Do you agree with her? Justify giving reasons

Aman, who is working in a multinational company gets a salary of 85,000 per month. He met his friends Lakshay, who is a Chartered Accountant and Manoj, who is a retailer of shoes. Aman calls both his friends as businessmen.
On the basis of the given information about three friends, answer the following questions:
(a) Do you think Aman is right in calling both his friends businessmen, how would you classify Aman, Lakshay and Manoj as? Give reasons for the same.
(b) Differentiate between the activities performed by these three friends on any two basis.

Mr. Amar has two sons Vikas and Sanjay. After completing their graduation his sons decided to start their own business of manufacturing readymade men's clothes. Since they had a commercial space with them near their house so they started a factory. They purchased the cloth in bulk for trousers and shirts from wholesale market. They employed 10 tailors and 2 salesman. Since some of their relatives were already in same line, they did not face any problem in finding the buyers. They earned 20 percent profit in their first year of operation. During the second year of their operation due to theft in their factory, they suffered a loss of Rupees 50,000. Their father told them to not lose heart as risk is a part of every business. Their business start flourising and they opened their own outlet at a populous location in city after few years of operation and due to tough competition in business of men's clothing they decided to enter into women's clothing line too.
On the basis of the given information about business done by Vikas and Sanjay, answer the following questions:
(a) Identify any five features of business by quoting the line from the above case.
(b) Also, state the feature of business not identified above.

The Indian economy is one of the fastest growing economies in the world today and a preferred FDI destination. Rising incomes, savings, investment opportunities, increased domestic consumption and younger population ensures growth for decades to come. The high growth sectors have been identified, which are likely to grow at a rapid pace world over and the recent initiatives of the Government of India and roll out of the Foreign Trade Policy (FTP 2015-20) is expected to help the economy in terms of exports and imports and trade balance.
On the basis of the given information about the Indian economy, answer the following questions:
(a) State the recent initiatives of the Government of India which is expected to boost the economy.
(b) Explain these recent initiatives of the Government of India expected to boost the economy

Myra Infosystem Ltd. is a company engaged in IT enabled services. The company's profits are enough for the survival and growth. The management of the company believes that a satisfied employee creates a satisfied customer, who in turn creates profits that lead to satisfied shareholders. So, it pays competitive salaries and perks to all its employees. All the employees are happy working in the organisation because of personal growth and development.
The company had a strong sense of social responsibility. It has set up an Engineering College in which one-third of the students' are girls to whom the company grants annual scholarships.
On the basis of the given information about Myra Infosystem Ltd., answer the following questions:
(a) Mention the objectives of the management discussed above.
(b) Also explain the role of profit in business.