r MCQ,:

JTlll( -1
{ ti/\ •O~I u 11RUSI NESS
NA I l Hf ANI) l 'LIIII , .

lfl 11\' Ill lf,lth-7

(d) M ining
(..11 l.l1•nhh th,• ,It II\ ti\' \\ I • 11 I • ""' •'" ,Ill\
11 ' (,) 111 -.11r,11111•

(,1) ll.1111..111~ (I•) I\ ,,,.,fl,,11•1t1/l

,
11 1 11111
Jl'r wlik h c,,IPgory-
( J N
111 111 I •11111•1I •"' 11
1
(.. ~ ln,h1•11 11, lrl..1• ~"~·" '"'' 1 '' (,) I i•rtl,try t) <inc of the •~
111 111 '
(,1 ) l'11m.1n (It} "'-• -'•
·tl'ri-.lil uf L,u.,im•1-o;7
<••n I\ lu, h 1,1 1h,• t,,lhll\ "'~ •• 11111 •' i::h,u ,u (Li) 1;,.ch,,nge or sale
(,1) l'r, 1d11, 111111 (d) l<isk clement
(1.) \\ ,1/~l"'i \Ir -..1l,ll il°'

b · ~ .ictivity7
<.,'-I \\ h1d1 ,111lw folluwin~ b not a usint: Work in a fa ctory for wages
(,1) l'rl'•ducti,m Clf i,l(lOd:; (b) tation
(,·) E, l'h,m~(.' of goods (d) Transpor

05. \\'hk h of the fo llowing is not an economic activity? (d) SociaJ servke
(a) Production (b) Trading in goods (c) Professional

Q6. Name the occupation in which people work for others in return for wages or salaries?
(a) Employ ment (b) Business (c) Professi on (d) None of the above

Q7. Support services to industrial \business activities are clubbed under?

(a) Commercial industri es (b) Primary industries
c) Secondary industries (d) Tertiary industries

QB. Which of the fo!Jowing is not a cause of business risk?

(a) Breakdown of machinery (b) Efficient management
(c) Riot (d) Changing government policy

Q9. Why should a business earn profit?

(a) To provide return to investors. (b) To provide funds for future growth.
(c) To increase the reputation of business. (d) All the above

QlO. Which of the following in not a true statement?

(a)The scope of commerce is narrower than business.
(b)Commerce includes trade and auxiliaries to trade.
(c)Foreign trade is purchase and sale by the traders of the same country.
(d)Traders serve as a link between produce rs and consumers.

Qll. The possibilities of inadequate profits or even losses due to uncertainties are known
as
(a) Business contingencies (b) Business risks
4
 (ti) Nurw uf 1h1•11j•

Q I:? \\'hi, h 1111'-' nf lh,• f11llmvlnit ""')' 11111 ht•a fnt'lnr bt•hind \ lattlnK a bu\inc..,,?
(,1) R11ul11w 11·11rl.l11,11J CT•) ,l11• of lh<' firm
1
(1') lt11.1n,· • (d) ilx.itinn of the bu\illL"l'J

QI '\. N,1nw lhl' tw11bmad c,1h!guries of business activities.

(,1) Tr,1d1• ,ind Commerce (b) Trade and Industry
(1') lndu:-try and Commerce {d) None of these

Ql~.Comml'rce indudes activities relating to trade and to trade.

(,1) Supporting {b) Subsidiaries (c) Auxiliaries (d) None of these

Q15. Earning of profit is considered to be the subsidiary objective of the business. The given
statement is-
(a) True (b) False (c) Cannot says (d) None of these

Ql 6. Following are the characteristics of business risks. Identify the incorrect one
(a) Loss is th.e reward for cisk bearing
(b) Business risks are due to uncertainties
(c) Risk is an essential component of every business
(d) Degree of risk depends mainly upon the nature and size of business

Q17. Transfer of interest exists in the case of

(a)1'rofession (b) Employment (c) Business (d) None of these

Q18. Human activities are of types.

(a) One (b) Two (c) Three (d) Four

Q19.Which of the following is not an example of non-economic activity?

(a) Patriotism (b) Teaching (c) Sentiment (d) Sympathy

Q20. Economic activities may be classified into business, and employment

(a) Profession (b,) Occupation (c) Vocation (d) Work

Q21.Mr X started business of buying and selling of refrigerators. The term for this type of
business
activity is-
{a) Commerce (b) Trade (c}Selling (d) Transaction

Q22.The occupation in which people work for others and get remunerated in return is -
(a) Business (b} Employment (c) Profession (d) None of these

Q23. Recognise the assembling industry out of these-

(a) Poultry, cattle farms (b) Cement, brick
s
•
(d) Tcli•vismn, computrr
(I} "'1111,1r, c1,1111n
, ·n t.he material which hi1ve already been
Q:!4. l11r 1111.lu~try concerned wi th usi g
l!lctrac"11
llw rnm,u y sta~e 1.s• . (c) sccond.iry (d) None of these II
(a) Primary (b) Tertiary

Q2S.TI1r Ix-st ex,,mple of analytical Industry is· ·n

(a) Cement (b) Computer (d) Oil refinery
(c) Sugar mi

CASE STUDIES
. . • h 15
· economic in one side and non eco00 ,..;A
Ql. Give an example of activity w1uc
""'- °"Olhet
~~ . ?
Q2. Why is busin ess considered an economic activity· . . .
Q3. lf 1.sapersonsells h'1s domestic
.
computer at a profit. will 1t be considered a bus·
. , , be'
Also explain the characteristic of busin ess which 15 mg stressed upon . 1"'-?
in the ~
said example. . .
Q4. Name the economic activity in which speaahzed know ledge is . .
required.
QS. Why is the insurance known as a tertiary industry? . .
Q6. Mr. Rajnesh sold his furniture & bike on OU< '.35 he _was _shifting
base to london. ~
this a business activity ? Which element of business 1s bemg referred
to here?
Q7. A lawyer is working in a knowledge process outsourcing (KPO) organ
ization. What
type of economic activity is he performing ?
Q8. !o
A company has decided to donate 1%of its sales an NGO,_ servin
disabled people. This initiative by the company was highly appreciated
g menta11y
by the Pllbik
and their sales incrC!aSed by 10%
i) Identify the objective depicted in the given example.
Q9. ABC Ltd. ls planting a tree on roadside. Which objective it is trying
to achieve?
Q10. All human be.ing fulfill their different needs by performing certai
n activities. Can
you suggest and Explain the activities undertaken by them.
Qll. Write four dlffere.nces among business, profession and employmen
t.
Q12. No business is risk free in the light of this statement. Explain the conce
pt of busi11e91
risk and its any three causes.
Q13. Tea is mainly produced in Assam, while cotton in Gujrat & Maharastra
but they m
required for consumption in different parts of ll1e country. How can
ll,is hindram
of place be removed? Also under what business activity wit! it be catego
rized.
Q14. It is one of the activities means for assisting trade and help in the prom
otionoflht
product by providing infonnation to the consumers. Business does
not exits In
isolation, it has to communicate with others and the activity
help in Dllking
consumers aware and infonned about the product of the company
and inducing
them to buy particular items.
i) Which activity is discussed in the above para?
ii} What are those activities called which are meant for assisting trade?
Q15. A factory emits a lot of smoke and pollutants while manufacturing
Sug,r. It If
overlooking the impact of its activities on the erl\'ironment and i5 mg,p
-d Ill r-'
maximization.

6
 i), \\'hil'h
,
' lvc ls not b1.•i111-1 fulfllll•J by thl' manufocturcrs?
0 l1ll'\'t
1
d~ . \\ ~•ch t)'p<! or im..lustry will y1111 daRsify sugar manuf.ic:turing in?
Q lb. R,smg l~t••~ht:i LtJ. w,111ls to l'Xf1iltHI nntl grow. fli1r this ii nl'eds funds to acquire
l,md, .bu,l th n.~ 111,,chitwry d e. Alsl1 since Lht·!ll' as•R•ts cost a lot they want the risk
,,~son,ikd with tlwm tu l~ r1.•dut:l'd. ldl'ntify the hInd ranees and explain how they
c.u1 l~ removt>d.
Q 17. R,rnll'sh s1.•lls winter wear in tJ1e month of December, January and February but he is
not ,1blc to sdl his complete stock.
i) ldl•ntify tht? hindrance
ii) How can he resolve this hindrance?
iii)_ . Will this hindrance always occur?
Q IS. Ra1m, a house wife exehanges utensils for old clothes on a regular basis. Is it a
business and why
Q 19. Mr. X and Y are having a discussion. Mr. X feUs ·that business is based on selfish
desire to gain higher and higher profits while Mr. y thinks that profit is essent ial for
a business. Can you support Mr. Y's case by giving strong points in his favour?
Q20. Categories the following Into business, profession and employment.
(i) A farmer
(ii) An advocate
(iii) A clerk
(iv) A hawker selling toys for cltlldren
(v) A doctor
(vi) A person re_pairing scooter on roadside
Q 21. Commerce is considered as the backbone of indutry and other business activities.
Discuss the various functions performed by commerce.
Q 22. 'Creative Strokes' is an advertisement agency initiated by Rohit Sha.gun & Pratima
They have called a meeting to discuss the below given points:- (i) lncrease the profit
margin by 10% in May. (ii) Capturing a bigger share in the market. (ill) Making use
of better cameras & improved techniques. (iv) Making best use of cameras lights,
Camera men, finance etc. e'llployed by the business. ('v) Improve efficiency in all
regards of functioning of business.
(a) Which aspects of business objectives are being referred to here?
(b) Also develop each point to be discussed in the meeting by classifying the
objective.
Q23. Nathu Lal prepares 'sonpapri' for customers during Diwali season every year. He
prepared more 'Sonpapari' than he could sell this year. He employed women and
children also arid pa.id them less salary manufactur.ing on the packages. This way
he generated profit for himself.
(a) Do you think he is fulfilling aU the objectives of business?
(b) If not which aspects of this objective are not being fulfilled?
Q 24. Classify the below given business into different types of industries.-
(i) Crude oil business
{ii) Producing steel from iron are
(iii) Cosmetics manufacturing
(iv) Producing computers
(v) Construction of dams.
7
 CI IA rT ER: 2
I ll ltM ~ C>I· UUSINE
SS OR GA NISA TIO N
\I CQ..
'-,'.II lll l' 1t.,t,,h1, ,, r ,\ 11 1 , , pJ r\'1 'nl •r<1 l, , , ....1, 1 thc ...........ic; limited to th
t w " : ' , . •11-<l •fincJ .1nd rn eir sha
t-u-.m,,.. ,111,I l'" ''- '"l "l' 11\ I • tlw11 n -.\.. '" "l -cisc . re 1_
' · ·~ 11111._
v ) },...ut., (b) Partners ~,.
(, ) \ kml'°'"'"" (d ) Shareh olJc rs

Q~ . n·it
,~ .1 type o f b us mess u where a person is solely responsible for prov;,.
c.,p,i.tl. - .
l.Jl St,lc r ro pnetorship
&<&IJ\g 6-
(b) Joint H in du family bu
(c) Partnersh ip siness
(d) Cooperativ e societie
s
Q3. Pa rtnership is the re
lation w hi ch subsists be
their pr op er ty, labou r or tween pe rs on s w ho ~v
skill in some business an e agreed to c~
t!Jem. d to sh ar e th e prof its th er e fr o m ~
-{ a) Tr ue
(c) Partly Tr ue (b) False
(d ) N one of thes e
Q-1. Th e relation betw
een persons wh o ha ve ag
on by all or an y one of reed to sh ar e th e pr of it of
them acting for al l th e business carried
(a) Sole pr op rie to rs hi p
(q Pa rtn er sh ip (b) Join t H in du fa m ily
bu si ness
(d ) Cooperative societie
s
Q:>.- A . .... .... .. pa rtn ·
er 1s one w h ose as so aa . ti.on W'Ith the firm is
pu bl ic. . un know n t o the
genera}
(n 'S ec re t
{c) Sl ee pi ng (b) Active
(d) No m in al
Q 6. It ca n co nt in ue as
long as the pa rtn ers w an
a ~~ ce of w ith dr aw al t an d is te rm in at ed w he
from pa rtn er sh ip to th e n any partner gives
W ar tn er sh ip at wi ll firm. ·
(c) G en era l Pa rtn ersh ip (b) Pa rti cu la r pa rtn er sh ip
(4 'L im ite d Pa rtn er sh ip
Q 7. It is op tio na l for a pa
rtn er sh ip fir m to ge t re
(a) Tr ue gi ste re d.
(c) Partly Tr ue (b) False
(d) N on e of th es e
Q8 . A ............ wh ic h ha s its
objectives for th e pr om
in ac co rd an ce w ith co op ot io n of ec on om ic in te re
er at iv e pr inciples. sts of its memben
(a) So le prop rie torship
(c) Pa rtn ersh ip (b) Jo in t H in du family
bu sin es s
~ p e ra ti v e societ
ies
(:t }. The co op er at iv e so
ciety is co m pu lso ril y
Societies A cl ........ required to be re gi ste re
d under the Cc:,.,pea:alill

8
 (.>) 1912 Cb )l9 56
(c) 1QJ2 (d ) 19 65
y.
Ql tl T he p rin cip le o
( ' on e s the co op era tiv e soc iet
mi ln o ne vo te' go ve rn
{.i) Tr ue
Ct>rialse
(c) P.i rtl r Tr ue (d) N o ne o f the se
•
· al
· ca p,t
co o pe rat '1ve so cie ru ,·s t o th e ex ten t o f t h eu
Q I I. T he li,l btlilv o ( me mb ers o( 8
·J •••• • ••··
•
co ntr i b uti o n .
(,1) 6om (b) Sh are d
(c) Un lim ite d ("f 'l.i mi ted
ba rg ain ing po we r
st the bi g ca pit ali sts an d en ha nc e th e
Ql Th
2 e society aim s to fig ht ag ain
producers.
o f the smaJI societies
e societies (l,JProducer's cooperative
(a) Co ns umer' s cooperativ cieties
ative societies (d) Farmet s cooperative so
(c) Marketing cooper
tivity .
fit s of lar ge sca le fjm in g and increase the produc
Q1 3. The aim }s to gain
t~e ben~ e societies
ati ve so cie tie s ~ ) Producer's cooperativ s
(a) Cons um er s coop
er
cie tie s M ar m er 's cooperative societie
so
(c) Marketing cooperati ve
n of its
te m id dl em en an d im prove competitive positio
Ql 4. Th e society aims
to elimina
prod ucts.
favorable market for the societies
m em be rs by securing a s W rr od uc er's cooperative
ati ve so cie tie societies
(a) Co ns um er 's cooper (d) Farmer' s cooperative
tiv e so cie tie s
(c) M ai ke tin g co op era
pr od ucts at
co ns um er s de sir ou s of obtaining good quality
pr ise of
Ql S. Th e m em be rs co m
ties
re a~ ab le pr ices.
tie s (b ) Pr od uc er 's cooperative socie
iv e socie
(eY'Consumer's co op er at (d ) Fa rmer' s co op er at ive socie
ties
e socie tie s
(c) M ar ke tin g co op er at iv
of lenders
to pr ot ec t th e m em be rs fro m th e ex pl oi ta tio n
Q16. Th e ai m of su ch
so cieties is
of in te re st on lo an s cieties
w ho ch ar ge hi gh ra te s (b ) Pr od uc er 's co op er at iv e so
at iv e so cie tie s societies
(a) Co ns um er 's co op er (d) Fa rm er 's cooperative
so ci et ie s
{5YCredit co op er at iv e
oc ur in g
co ns ist of pe op le w ho ar e de sir ou s of pr
Q l7 . Th e m em be rs of
these so ci et ie s
at io n at lo w er co sts . cieties
re si de nt ia l ac co m m od (b ) Pr od uc er 's cooperative so
at iv e so ci et ie s so ci et ie s
(a) Co ns um er's co op er .{g}eooperative housing
e so ci et ie s
(c) M ar ke tin g co op er at iv
e Co m pa ni es Act, ......
ga ni sa tio n is go ve rn ed by
Th
e co m pa ny fo rm of or
Q l 8. Th (b)2013
~) )9 12 (d) 1965
(<ef 1932
9
■

I .,,.. ,.. IIllll.1,., m knt or its mcmlx>rs

,11,1\\ •'' " l (h) ½l•p.1r,1 tl' ll•gal entit .
~ 1., \ ''' '" ''" " '".a' • "'''"'"' (J ) Arllhl il1 \ pi.'rcion
y
'"\ '''"''·''"'" I ,,-..,1,•I\
1, \ l\ ·'1'•·1 11•1I ' 1 ' • but b,.-f,uc com men ce
I ;illl.'r 1nc,1ri ll1 rJIICll1 m ent of ,.___ .
~ ~, t •'•*·'"' "'tz"l'' ,
v\1$lri...
-~ a...
b F lse
~d~
'" " ''" '" ·'' <.\1ntr,1\'t!>. ,.
l-') True :o ne of th ese
-) 1'.lrtl\' Tru~
l•
. and owners to be one an
Q~l . The law Joes not rec ·se the business ti
d the sal!le.
ogn• (b) Fo ~a. on
(.i) Perpetual successio
n (d) Ar tif ta al person
(')SepcJrate k gal entity
.
Q22 Members may com d members cnay go, but the co m pa ny continues to ex
e an (b) Formation
·
(a) Perpetual succession ISt.
(c) Se pa ra te legal en tit
y
(d)Artificial person
Q2 3. The shareh olders th · ht to be involved
do not have e ng in the da y-to-day rtmni
n
business. goflht
(a) Ri sk bearing (b ) Co mm on seal
(c) Liability (.,'-'to ntrol
u, '-
Q24. The members can be ked to contribute to the
as loss only to th e ex te nt of
amount of share held by the un -:. a
them. -· r-
(a) josk bearing (b) Common seal
~L ia bi lit y (d) Control
Q25. The Board of Di
rectors enters into an ag
company's approval thro reem en t w ith olhers
ugh" ......... . by indicating lht
(a) Risk bearing
(b) Common seal
(c) Liability
(d ) Co ntrol

CASE STUDIES
Q l. Shiv, Anandi & John w
ere partners John died in
decided to a car accident Both Sh
admit his son Ryan who iv &t Anmli
Justify . was 16 years ol d as pa
rtn er . Can they dollt?
Q2. Mr. Singh is in 'lighting' bu
siness for the post 15 ye
a beginner he projected hi ars. To help his friend, M
mself as a pa rtn er before r Yadlf,
of fancy lights. Mohd. Abd M oh d. Abdul, a whole
ul gave Mr. Yadav the st saltdais
and gave him credit limit ock without asking for pa
of one month. Will M r. Si 1lllllll
Yadav does not pay him ngh be liable to Md. Ab
on time? Oassify Mr. dul if *
Q 3.
explanation. Singh's role here along••
Akriti, S o ~ ~ S u p ~
were friends who starte
not get their firm registe d a partnership businf91.
red as it was optional. ThlJ ..
Soon. Sonam & S u p
re el i-
 having conflkts Son 1
' " ' w,1ntcd lo npprnach a 1,wycr. If you were a lawyer than how
wou1u you gukk• hl•r?
.1 • ·
'
(}I. A, B & C Wl'rl' p,irtn • 1 ( . .
for an,, Iys In~ busi1wl',l'!I "." lnilndn~ firm. B&C had gone for a meeting , in America
.
Illlt;l' ,llllount o( mrnwy~s Plll~p('\.'.ts In thnt country 111 the meanwhile, A invested a
ll X . .
I11 buyu,~
.
sh.,rl'9
· .
of a nl'W company by borrowing money
f rom l' r. . 1 111S turned out t b b I C
t. k · 0 c il ill d1•,1I ns the 11hare prices soon foll. When B&
c,une l\l l' llwy s,,id th , . .
l Y were not h,1blc lo pay to Mr. X as Lht-y did not take the
mu1wv. Wen~ l3&C ri •I1I I. d 1 .
· S n o ng so? Under which aspect of partnership are they
bound?
QS. ffoh.m h,1s a shop of st t' . .
. a ionary products. He takes assistance from his brother to
h.lndl~ 1t and P")'S him f d
. • a LXe salary. He also employed a 11 year old boy for h'1s
th
~hop. Bo~h. e brothers regularly abuse him and cut his wages as and when desired.
~~ \i\luch form of organization is referred here
u) Wn.te any one feature associated with it.
Q6, 31 · The business assets of a firm are worth $70,000 but debt remain unpair at worth
~l,00,000. What course of action can creditors take in following cases:
'.~ ~~e organ.izati0n is a sole proprietorship firm.
11
u) ) The organization is a partnership with 2 partners A and B sharing profits
and losses equally.
Q7. Sita ".11d Zoya are two friends belonging to H'mdu and Muslim religion. They start
a buSmess of handicrafts together. They decide to open the factory in rural area and
give employment opporturuties to local residents.
i) Which form of business organi2ation have they opted?
ii) Write any one feature of the form?
iii) Mention the values involved in this question.
QB. Continous exploitation of milkman of charm wood village by the intermediaries
compel them to form a voluntary association to protects their interest gain access to
markets tnere by ensuring maximum returns for their efforts and welfare of the
members.
i) Name the form of business organization adopted by the milkman.
ii) Give an example of organization identifies in (i} above
iii) Which principle governs such organization and how government support
them?
Q9. All the members of a company are killed in an earthquake. While holding a genera·!
meeting. Will the company wind up? Why?
Q10. Rohit and Mohit are partners dealing in shares. Moh.it uses firm's money to buy
shares on his name. He didn't disclose this information with his friend Rohit.
a) Does Rohit have any share in the profit earned from sale of these shares?
Qll. Star ltd. has received applications for 48 crores (issue size was 50 crores}. Discuss
the documents filled with the register of companies
Q12. Aditya is promoting a company. Before the company is formed, he enters into a
contract with DLF for purchase of land and also agreed to pay 10 crores within a
period of 2 moths. The company was formed with.in 1 month. On the basis of the
facts, answer the following :-
i) Which type of contract is entered by Aditya?
ii) ls the contract legally binding on the company?
11
 iii) C.m DLF Ltd. lwlJ /\di,ty,, 1·111 l,,1 Il , for the paym ,
ent mon ey?
•
h) \\' h,11 r ,lll thl' l'!lnlf l•111), J 0 10 1, rl'ven t• Ad1ty a from such a situ .
. f
, . . . . alion?
Q IJ . Dh,r ubh,11 C h,111r,1s ir,1 u1wr,, tl '~, 11 tl •xtik• bu•..incss. 111s .,m1 1y 1s Joint and has
•
,1111'\' " tr.1I pnipt· rt v. All I 1~ 1 '-1111 ily nwm bL•rs an.• a part of this bu sin~ -
I , 5 ( ~ 1.._
·
b b . ~~- lie O\Jlllf
lJ 1 ti (' f ,mil) ' so he heaJ s the us1nc ss. He I
l' t~ l lll,1 l' llll'lll ' er I11 I 1
. . 1css 1 • the decis ion , k Dh' bh . is liab)e to s 11._ au ~"
ma
n son h tht
.:n •d 1tors \,( tl1L' bus11 as 1c 1s er. 1ru. a1's gra d
bom a fL' W dJys ngo and I,e Is a so · I the mem ber of the busin ess. as;., •.
. . '"91
(,1) \\'hich form of busin ess is being unde rt~kc n by Dhir
ubha ,_Chau rasiy a?
(b) Iden tify the featu res of this form of busi'.iess based
on t1~e infor matio n giv
(c) Textile busin ess is part of whic h type of indu stry acco
rding to y ou? "'-
Q H . Every da y Amu l collects milk from 2.12 million
fa rmers (man y illiterate) &t
the milk into bran ded pack aged prod ucts & delivers good
s all over the cou con,,'111
Th e story of Amul starte d in Dec, 1946 with a grou p of
farm ers been to freetUry_
them selve s from intermedia ries, gain access to the mark
et & there by ens11re
maxi mum retur ns for their effor ts"
(a) From the abov e information, iden tify the form of busin
ess organ isatio n U5ed
Am~ .
~
(b) Also quote the line whic h sugg est its features?
(c) According to you. Amu l is part of whic h type of indu
stry?
Q15. Moh an, Soha n and Ram esh
are broth ers living in a villag e Moh an is a farmer. lie
gro ws suga r cane in his field soha n is manu factu rer of
suga r w ho is doin g the
busin ess with his frien ds Roha n Singh and Jitend er. Ram
esh is a trans porte r. He
sells the suga r in the city using his truck. This year the
suga r got spoil ed due to
heav y rain. Soha n his fri ends reduced the wages of his
work ers to cut down their
losses.
1. Class ify the busin ess activ ity llnde rtake n by Moh an
& Ram esh .
2, Wha t form of busin ess is Soha n doing with
his friends. write any two features of
the fo rm?
3. Wha t type of business risk is faced by them? Expla in
Q16. Rahu l and Sanc hali felt that there was an
oppo rtuni ty of busin ess in providing
servi ce of onlin e groce ry store s for work ing people. They 1
artalysed the idea in terms
of techn ical, financial and econ omic liability. Once
they foun d all the aspects
satisfacto ry. They d ecide d to start a comp any calle d 'conv
enience@ home' private
Ltd. They got the name regis tered with the registrar.
(a) Whic h steps of form ation of company are being refer
red to here?
(b) Also write the next 3 steps assoc iated with it
Q17. Lakh vind er Singh is confused as to
whic h form of busin ess he shou ld follow for hill
garm ent busin ess. You are his frien d. Help him by ration
aUy discu ssing the different
facto rs so that he can t.a ke a soun d busin ess decision.
Q18. Sach in 's fathe r Mah esh was ruruu ng a smal
l shop sellin g accessories such as artifidll
jewe llery, hair caps etc. Over the past coup le of mon th
he has been facing ptolllea
in mana ging it due to increase dem and of the items . Alth ough
Sachin allO helps hit
fathe r but they both fail to atten d all the custo mers due
lo space constraint Nolt-
avail abili ty of requ ired finance acts as a hind rance
in expanding their .... ...
Sach in asks his fathe r to join hand s with Raja (his
fathe r's fril'fld) IO M>M *
12
 probll•m. I lis folhl'r a1thn-v~I ond • h R · · 1
cont,1ininH various ,
t
l'n l'rcd in lo a ~u '(~ml•nt wit a1a m w rit"ng
1, rm11 and Ctln lili
i) Whkh fm lll o f bu,;h , ' on A.
ii) \\'hk h d ocum , tu," or~,1nl1.nt1,in tine.•" M11lw-;h form with Raja?
condit lt1nl'l lx•twl II 1s cont 11111'1 ti
., .. l w wr1·lh•n n~rt•l'nwnt specifying
· th e terms and
iii) In w hk h furl\\
't,,r111 "1,,lw<ih
b
ond I{ 1I 7
' a
( Ul<lnnwrs. u1-1 hwl'IR orv.,ml1.11ion ~.K hin help his father to attend

'II tr by prof,•sslo
Sonu, ,, ,l,tilo · - n wns working In o fomo uq bo utique In Kamla Nagar. He
w,1:- •' :-"' . ,., ,,..,url-.,•r with m· any yl'ors uf cx pl'ril'nce at and saving worth rupees -:,
l,,kh.' 1_1'-' fm,,lly d L-cidl'll lhnl he would st;ul his o wn boutique. He rented a. shop in
Rohm 1. I le was no t sure about his venture as now he would not have any security of
in(omc. But soon he started getting lot of work due to his efficiency & his profits
irKrNst'd .
(d) Which ty pe of economic activity was Sonu undertaking when he was working
in a bo utique?
(b) V\lhich form of business organization did he 0pt for later?
(c) Identify any 2 merits & 2 demerits you can recognize of the form of business
opted by him
Q20. Which form of business organization is suitable in the following cases :-
i) A business organization having stability and continuity.
ii) There should be minimum expenses in starting the business. .
iii) The business organization should be suitable from the pomt of view of
inv es tors.
iv) The ances tral property is to be used for doing the business.
v) More funds and professional services are required.
 C ll /\ P T ER 3
l'U U LI C, rRJVAT E AND GLOBAL
ENTERPRISES
MCQ-t
Q l . A Pu blic ~' l: . .
tn r Comp,,n}' is in , heavy losst.!S an
cu rr in g d govt. proposes
~,mt.!. \\ n, ch lt.! m, fo
· ta
is rdall<d 10 tl" 5 5 te m en t' r c\Osit\g
(a) Oi,itwcstm cn l ·
(b) Pn.vatls
. t·
a 10 n 0 e.
(c) emon ".:salion (d ) Socialisati U.
Q:?.. ln ,·o ur neighb
°" •
. ou rh oo d market, there a re sh op s ow ne d by sole propri
or ga nisatio ns ru n . etors
by a c ~pa ny. T hey belong to whi ch sector7. or big tM..~
(a )P ub lic .
---(b)1'rivate (d ) M ix -~
(c) Socia 1 ed
Q 3. ln India, Railw
ay s is an organisatio
(a) Reliance n wholly ow ne d an
(b) Tata d m a n ~ y the:
(c) G ov er nm en t
~ y ; ai lw ay depi\r
Q.t. A bu si ne ss w trnent.
hich operates in m
(a) Private or e than on e coun
(b) Public try kn ow as organi
(c) Functio nal sations.
,(9.µ;tooaf
Q S. ln di an econom
y is a kind of econom
(a) G lo ba l }' ·
~
(c)Capitalist (d) Socialist.
Q6. ~ c h of th e
fo. llowing is
-- -w fo int H in du Fa not a ty pe of public
mily business sector en te rp ri se ?.
(c)Statutory C or po (b) Departmental un
ra ti on de rt ak in g
(d) Government C om
pa ny .
Q7. Pu bl ic sector
organi~
(a) St at e either be partly or
~ e n tr a J wholly ow ne d by
(c) Foreign th e government
(d) C en tr al or stat
QS. W he n w as th e.
e first ~ i a l Po
(a) 1947 licy Resolution pa
..,,-{l,)1948 ss ed by th e Govt.
(c) 1991 of India?
(d ) 2001.
Q9. E nt ry of M N
C s into In di an m ar
(a) Pr iv at is at io n ke t is an ex am ple
(b) Liberalisation of:
(c) Disinvestmen t
~ b a li s a ti o n
Q 10. W hi ch polic .
y w as la un ch ed by
(a) JPG G ov t. oJ Jn tu a in 19
(b) G S f 91?
'-(t) LPG (d) MPG.
Q ll . ~ c se ct or e l \ t
~ a rl ia m e n t ~e ac co un ta bl e
to public th ro ug h.
~ G o v e rn m e n t ,
(c) Public
(d) Media
Q12. W hi ch is th e
ol de st an d m os t tr
(a) St at ut or y C or po ad it io na l form of
ra ti on or ga ni si ng public
(b) ~com pa ny enterprises?
(c) G ov er nm en t co
m pa ny
~ta)
Undertaking.

1•
QI '.'. J\n i1rg,1t)li,,11t,1n la \ t i
" \'llr11 I\U (
1•1\\l'rl\1111•111. II ir; (1 11111 .,.1
\I
r ur w purp1111t• of public wclf.lrc u a mmir,try of
,
1
' h u ly ~llV I I 11
r
,,f
"·Im h kind publk !ll\"I · nnl '' It~ lnrnnw 111 dt'prl'llll'J In govt. lrCJ'iury. ldt-ntify
or l'1111'rpriw 111 II ~
(,1)l'.1rllwf"lhlp •
(l'} St1h• pn1prwtnrllhlp (l ~i•p.utnwntJI undNlnklng
(11) Cump,my
Q1 4.lf ,, pulilin,,,·hir ('nt,•rprh;, 18 k
(,,) GIFR (b) ClfR c nm Ing lo!ISt'S continuously, 1t;9s wforred to the:
(c)TIFR (d}'UJPR
QIS. Covt. of India establishes 1'ts . .
obj,\:th·c is fuHUlcJ? enterprises m backward areas. By doing this which
(,1) fa:onomics of scale - ./
~egional balance
(c) De,•cIopment of Infrastructure . .
(d) 1mport substitution.

Q16. Which government enterpnse

· 1s
. reg1Ster
. _
der Indian Companies Act, 19,6?
(a) Departmental undertaking ubl'1c corporation
.
(c) Government company (d) par tnersh'1p companies
.

Q17. Conversion
. . of a PSU into a private sect
·.-~~enterpnse . termed• as .
. 1s
(a) Globalisation (b) Deurbanisation ~l'rivatisation (d) Liberalisation.

Q18. Producing goods in our own country rather than purchasing it from other countries is
known as
(a) Export (b) lmport (c) Entrepot ~port Substitution

Q19. How many industri~e now reserved for public sector?

(a) 2 ~ (c) 4 (d) 17

Qf~ch of these ind~ is not reserved for public sector?

~ omic energy ~~ transport (c) Arms (d) Rail transport.

Q21. Which PSU was th~o be privatised successfully in India?

~c ~AIL (c)ONGC (d)BHEL

Q22. Govt. has given autonomy to a PSU to improve its performance but held it accountable
for specified tesults under an agreement. ~ this agreement called?
~A . (b) AoA {cfMoU (d) GoU

Q23. An enterprise having huge capital, huge turnover and its branches are spread all over
the country. What do we call such kind of enterprises?
(a) Jo~nture (b) Global enterprise.
~ g e corporation (d) Huge company.

15
 i11 I1 >a8•rlc't.•menls wilh Jndi,.rn companies Pert .
Q14. G ll,l,,11 l'llll'l"J'ris,•s 11s11olly l'111''r f ,. ~n·' n~mcs for the final product ainirag 1-
s.1le 0 ( ll'duwhwv p1,,Juction 11 f !;11111t.:· ., -
uo:c o L1 r.. u , ' s ' etc. I.vi.·"I
o. , I kl I of p.1rtncrs ,1ps 1 7 ·•11c11
is the ll~hnic,1I ll'rlll t~:.-l'd for :;uc 1 Ill (b) Global cnl t> rprise
(,1) For,•1gn coll,1lx1r.1111m rr.;'rtnl'rs hip Company
(t') Cc1111bi1wd corpor,1tio11 ,Cd,)

Q25. \\"11.11 d0 we call a company formed as th e res ult of an agreement betw

een tlvo
businesses in different countries?
(d) Partnership (b)Joint venture (c) IVlixed company (d) GlobaUsation

CASE STUDIES
Ql. It is a public enterprise established under Indian Companies Act and condu
business .in competition with companies in private sector. c:ts
(a) Identify the type of public enterprise. .
(b) What is the minimum investment Govt. has to make m such companies.
(c) ln whose name shares of this type of company are purchased.
(d) Explain any two advantages and limitations of s uch companies.
Q2. Multinational companies establish t11emselves in develo ping countries to enjay hu
profits by selling consumer goods or luxury items. They start business by offerJe
wide variety of good at prices cheaper than local retaile rs offer. But ance they ar!
establis hed they increase prices.
a) State the values the government of a developing country ignores while allowing
MNC's to establish in their country.
b) Which values do the MNC's Violate?
Q3. After 1991, government wanted to speed up the infrastructure development that
required huge investment & expertise. In the coming years, govt. devised a new way
for it in which public sector enterprises, through clear agreements. Like Terminal
3
of Indira Gandhi1nternational Airport.
i) What such agreement/ arrangements are c.:Jled ?
ii) Write any 3 advantages of such arrangements.
Q4. It is are enterprises which is arganized, financed and controlled wholly by the
centre and state Govt. and it is under the control of its head Mrs. Jeevan Raj (IAS).
He is not taking any interest in its functioning of providing cheap clean water to a
large section of the society as he is busy in the preparation of his son's marriage
coming after 3 months. As a result, important decisions are getting delayed
resulting in tJ1e suffering of revenue and well being of public, as it required the
consent of its head.
a) \-Vhich type of organization has been described in the above para ?
b) What social values are achieved by govt, through such organization.
c) What are the lin1itations of such organiz.ation in this case.
Q5. It is a public sector enterprises in which Go\'L of India held 80% of paid up share
capital and it is registered as per company Act, 1956. It deals in manufacturing ol
Engineering goods and compete with pri\·ate sector enterprises in ordt.'f to achieve
higher profits.
i) \\nich type of publk sector enterrnse is discusses abovt'.

16
 il E m pl oy ee s ?
ga ni za ti on co ns id er ed as Civ
D o th e em pl oy
ee s of su ch or ni za ti on.
ii)
tw o ch ar ac te ri stics of su ch or ga on . .
W ri te an y or ga ni za ti ed 10 •
iii) o li m it at io ns of su ch ug h sp ec ia l A ct. pa ss
Write an y tw ta bl is he d th ro he at , ne e
iv)
po ra ti on of ln di a (FCJ) was es bu ff er st oc ks of foods like w
Q6. Food C or ctive to create
in 19 64 with the obje ine_ etc.
Pa r lia m en t
at io ns li ke dr ou gh t, flood fam
y si tu ov e?
etc. fo r em er ge nc or en te rp ri se is di sc us se d ab
pu bl ic se ct
i) Whi ch ty pe of s ha ve se pa ra te le
gal en ti ty ?
h en te rp ri se se s ?
ii) Does s uc to su ch en te rp ri

/ '/rit, any in it ia l ca pi ta l
iii) W ho p ro vi
de d
ch o,ganization
2 demerits of su

I
I
I
I

I
I

J7
 \ 11 \I' II It 4
lll'"I N I .,.._ .._, lt\' I ( I',

(': \ fa\lmum 1,·n<'<l hm ,t nf a Ce

nl.'r,, l Ins ura nce is-
'"' 1, ,•,\f (b) 2 y~a rs (d) No limit
(c) 3 Years
Q1 Thi.' ..,,,,ti.' finance cor por ati on
is-
(,,) A et,mmi.'rrial Bank
(b) An Industrial De vel op me nt Ba
(,·) Ct.>ntTal Ban~ nk
(d) No ne of these
Q4 . UPI sta nd s for-
(a) l:n iqu c Pay me nt Int rod uct
ion (b) Un ion Payme nt Interface
(c) Up pe r Pay me nt Int erface
(d}-t:1nified Pa ym ent interface
Q5. HD FC Bank is-
(a) Pu bli c Sector Bank
{brfYrivate Sector Ba nk
(c) Co op era tiv e Sector Bank
(d) No ne of these
Q6. Wh ich of the following is
no t related to ~I ns ur an ce Co
(a) Co nd itio nal Co ntr act ntract?
~n ila te ral Co ntr act
(c) Ind em nit y Co ntr act
(d) None of these
Q7. An ku r sav es Rs.3,00C eve ry
mo nth . Which typ e of Ba nk Ac
the ban k? count he sho uld op en wi th
(a) Cu rre nt Ac cou nt
(b) PPF Account
(c) Re cur rin g De pos it Account
~ vi ng Ac cou nt
QB . Ge eta has Rs.20,000 in her acc
oun t. He do esn 't hav e any use of these for tw o years. To
ear n mo re int ere st wh ich typ e
of ban k acc ou nt she wo uld be
(a) Recurring De pos it op ene d wit h the bank?
(b) Fix ed De po sit
(c) Cu rre nt Account
(d) Sa vin g Ac cou nt
Q9. Th e ins ure d is expected to
disclose all the im po rta nt facts
Which pri nciple is dis cus sed her rel ate d to pro per ty ins ure d.
e?
(a) Mi tig ati on
(b) Ins ura Int ere st
(c) ind em nit y
(d) ost Go od Fa ith

18
 I

QI O ~lo hJn mo rtgJg<-- i hi!! fo 1

\\'h I . l .tp I(' or ln,u ( ory lo ',h~.i lrl Int l Kf'I loan fr om him Sh am ct ii .
(t,r (1n •. ll l rnn r,lllH• y g insured
u ph• of ln-. ur,, hlt• l111t•rc..._, nr,p li, ~lilr lu,, ,,,
(a) l'nn
(h) I ril1' IJ!h• of Utm <l"lt c,ooJ F;uth
(d prim ,pk of lnd1•mn11,, (11) No,w uf lht"I•

C l I A pl,ml 111,ll h\g1•r ~,-1., hi, , 1'" "- 11 f Wt1lll'l l11111urt• I\ h fL - I ..

,I h I I l >111 t' hilll· !ht· fc1ct lhal ,~ e t"Clncity
l'<' ,n t I"'' ,..,ulI\ fill P.l,lhth ,ry w '~ti i "K t•ll, •r In I
'
1h1' t,1111,n l,,1, W" fu,• dUl' h
,i, nued ' - 1
• ,1 Whit hK••I I . frn tory wirinu,, ch.t ,, . .... f'f'O n,
1 , h,,r1 d r,111
(I , pr II( •rll ' i, vu,lah•d IA ''«' a<tt.,
,L-c
rn1111p k , , ~ll I1rn~,llh1n ,) l'rln1 . I
('\ ) ' ( 'Pt• of Utrn,,.,, (M id Faith
) l 'rlll l'l)'k nl l11d1•m1111y l ) Princlpl ~• (ir Inc;u rabll' lnll'rt" t
1
(I •

c
,11, \\ lud11111t.' ,,< tht.',c is a rublic or~ora ~?
~ - ._
(brtTfe I
(,1) I tL)l·l e Insurance Corporation
·) c.tD BI (d) No ne of these
1
( •

in G .
QlJ.A is a KVS emplo yee and posted A f ;1a rat, l 600kms away from his hometown his
fril'nd I\L~ d Rs. 20,000 and requested
,
of pay me nt used by A- or e am ount. A sends the amount by Paytm App
\\1i ich mode

(a) Digital Payment (b) Cheque Payment

(c) Cash Payment (d) None of these

rks in a day-,.
Ql 4./ How many hours do the ATM wo
(b) 12 Hours (c) 48 Hours (d) 15 Hours
_(a-)'24 Hours

Ql5. Debit Card and Credit Card also

ca ll~ -
-(bfPlastic Money
(a) Bank Balance
(d) Smart Money
(c) Debit Money
of the
ition in the monetary and banking system
Q16. A bank, which occupies a central pos
hority, is called?
country and has a superior financial aut
(b) Co-operative Bank
(a) Central Bank
(c) Commercial Bank (d) Exchange Bank

e implementation of policy.
Q17. Banks are necessary for the effectiv
(a) Tax Policy (b} Current Account Policy
{c) Demat Account (d) Monetary Policy

n of insurance?
18. Which of the following is not a functio
(b) Assist in capital formation
(a) Risk sharing
(d) None of the above
(c) Lending of funds

ft is
19. The validity period of a demand dra Three months (d) Six Months
(b} Tw~ Month s (c)
(a) One month

19
 :!ll 1lw f1111, '""'~,,1,, , ''"'" "'" 1• 1111lmh-
(,,) .,,,,.,,,.,n,,,,,fd,·,, ,.,,1, (I ) ~
, r,,nlltllo' 11f 111,111'1
1
(,) I 1\ l..,•r 1.11 ilt l\ (d) .,II th<' ,ihovl'

:! I I lllll' uhh1 1 ,,. , n•,1h•d 1-\-

(,t) l r,111,p,1r1.11 111n (h) ll,111t.111g (r) W,1td111u~in~ (cl) Communication

~~- \\'h1d1 ,,r lh,• f,,11,," ~ 1,

111 11111•'l'l'lk,ihlr in lifo i11sur,111n• contr act?
(,l) t \ m.!ih,lthil \, 11111, . (b) U11il,
111 1ter,1I contr,1ct
(\·) lnd,•mn11~ ,, ,,11 r,l ( I (J) None or the ilbovc

:!) . 1 ht.' l'l\•nd1b of public w.uehousing includes,_ __

.
(.1) C,,ntn,I (b) Flexibility (c) Dealer relationship (d) None of the ahoy,

2-1 It is not a type orgeneral insurance

(,1) ~1.lrine Insurance
(b) Fidelity lnsurance
(c) Fire Insurance
(d) Life Insurance

25. \\'hat is the full foan of WWW

{a) worl d wide width
(b) world wide work
(c) world wild web
(d) world wide web

26. Which is considered as the cheapest means of trans

portation
(a) Air (b) Road (c) Water (d) Railway
27. Which of the following is a contract of Indemnity
(a) Marine Insurance (b)Fire Insurance
(c) Llfe Insurance (d) all the above

28. Which is the central Bank of India

(a) Central Bank (b)State Bank of India
(c) Bank of India (d) Reserve Bank of India

20
 CIIAJ•J IR - ,
I.MMH,;INc; MOIJI o; or hUMNf.C,S
r
I
,:. , 111 ,r 1111•1111 h,,.. jouwd •' " fl ll hlllilgt•r In o "'"'l '""Y ll'lr n mclu<I o f fmhl, try, tradt•
~., l'""""'" 1' , .. 11 111
ih,,w ~ 1t lh1• I"'"' utn llt'l\¥111 k. Ou c,f tit(' f11ll11wlng CIJ>I IIITT'l whM hi, 1
,,ht t,•nn ti> 1•,pl.1111 tlw ,1(1, h "l,1h l " "'J'fl"}' ?
t/ll' n,.
J,>l f .1,11,1111·,...
.
(b) r:,w111111·1Yl' (l') E•lrnd,• (d) £•lnduc;t ry i
nd nl'twork! cJ n be vi!luJlit;tod as extm ding into all

Q•I. Thi• 1t•m1 13.W commerce stan for

~cl' (d) lntra-B

('1) sw:inl•:;:; to ~uyer

(d Bu~w to Business d 1ess
~ Bu, er to Buyer
to Business

Q5. B2B commerce helps in all 1ese excep

~l)Customised production .
~ c ) Reduce dependence on s1 le supt h
. JW'QnJine
b) distribution system
UjPfOved
customer surveys

Q6. A firm uses int~met to~ nd and r eive c~m ercial documents like purchase orders or
invoice to another fmn whi technol gy is it u ·
~1 (b) T (c) RT (d) RTJ

Q7. You use ATM to wit y which ty e of e-commerce is this?

(a) B2B (c) Both f the~ (d) None of these

QB. What is true about C co~rce?

(a) It moves from Busin ss to coT erce (b) It is m ves customers to Business
(c) It is corollary i.e. bo ways ~o /\II ot- -thes,e

Q9. Employees of ABC Ltd. Ar connected through VPN, which helps them to all of the
following things, excep
(a) rork from wher they (b). To work a {heir own speed and time
Jerfo be in touch with i scus (d) To conduct ~ deo conferencing

QlO. VPN stands for \

(a) ~al Personal Network (b) Virtual Personal Network
~irtuaJ Private Network (d) Vital Private Network

QU. Your father has an oJd scooter and you want to replace it with a new scooter. Your
father is not ready to sell oJd scooter because he thinks he will not get good price for his old
21
 ,...,.,,,,, .. ,,., 1,., \ 1111 f11 u 111 I 11 h11v.-r (p r your !l{flCil(,r a• OL
' "' 11ll' \ ,11111, •I ,II 1, , , 1 1 ,l "' ' " ' )(
,, '" " , ,h It • l•u, , ,, 111 "''"'' ' 1 ,,t" ►\' '"' ' 1,, h ,. , 1,, , ,11 fh1,1ll y , old your ulJ 8<'not,., ... ,""Ila
,, I"' ,,t I \ ,,1111111 ,, I ,h,1 \ ''" " ,. • G . ~h·
Ir~
l,\ l ll ' ll ,H 11.:, (1 ) 11.' I J.!~) 2(.

'-.'1 ~ ,.-\ ,,,mm,"' ' ,, '""'' • u111•,I h•1 d1•,1ll11g 1111: 1141d"'
-.. l•1 \ I •,, ,, h,, h I h, ,,. ,, "'1 , ... , ., t,I ''' " '" 111,11 l-1•1
tM \\ h" h, •""'''' h.' ,,,Id tlmi1ugh '<l11 n •11
(, l \\ hi, h •'" ' n,11-.1,kr,, I h,1n11lul r,,r tlw ._,it·il'ly
(,1) \\ hi. h •"'-' <'I h1w ,t.md,ir,I.,

Q1 \ \.,•h, nrk,, t m.t,v,du,, Li- .1nd firms are more eHicient than net worthed indiv•d
h 1~ hi 1~ht, th~ import,,nce o( , uat,·
/
<;!) ~h"''"'' (b) Knowledge (c) Assets JdJ Internet
Ql .i. Find the odd one out
(,l) Am,u.on (b) Snapdeal (c) Flipkart ~hat

Q l5. \Vhich benefit of e-business is highlighted in the statement _accessing anythin

any,-.•here, anytime? / g,
(a) Sp~d (b) Global reach ~onven .ience (d) Low personal touch
,,,
Q16. \Vhat is known as e1ectronic pulse of e-business?
(a) Man ~chine
. (ci Money (d) Material

Q17. What is wrong about internet (e-business?)

(a) JPtemet is without bowidary
,dl:,fThe benefit of internet technology accrue to big business oruy
(c) Internet offers convenien ce
(d) Irntemet permits to do fabulous business even if one does not have much of the
investme nt

Q18. Information Technology Act 2000 has made it possible to have paperless dealings by
(a) Giving recognitio n of electronic records
(b) Using electronic records and digita1 signatures in governme nt agencies
~c!_~ini ng electronic record
~ AJJ of the above

Q19. Which of the following is not a limitation of e-business?

~ (a) Need for technolog y capability and competenc e
(b)_J.edple resistance
-(4' Paperless society
(d) Low personal touch

22
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e-business portal takes the clothes and refunds
ented by the portal? .
,,n·n wnt. \Vh,,t va~ul's according to you are being pres
1
°
A Finn st'5 St>rv tees of another form for
advertising courier S(!f'Vice, factoring
firm . Identify the emerging mod e of
<:I· :;~rviCl'S and customer supp ort serv ice for its
her firm 's services for Research and
business used. Where as another firm uses anot
e category . If no identify the modes
di?vdopment. Are both the modes used of sam
used and explain.
ples of websites used to conduct
QS. www.olx. in, www.quicker.com etc are exam
friend suggested that she shou ld
business. Dipti's sofa set got spoiled in rain. Her
it for sale on www.olx.com Dipti
change the fabric so that it looks ne~ and put
repaired so that it looks better and
followed her friend's advice and got her sofa
in without disclosing the fact that
uploaded nicely clicked pictures on www.olx.com
it was damaged from inside. She found a
customer and sold it for Rs. 9,000. After
set and called Dipti but she did not
one week the buyer found the real state of sofa
answer any of the call.
(i) Name the type of business in above case.
sofa set?
(ii) Which values did Dipti ignore while selling her
s of ecommerce
(iii) Explain two advantages and disadvantage
the promotional job to some
Q6. Ravi, the manufacturer of watches, hands over
d time wastage and concentrate
advertising agency after manufacturing it to avoi
on core activities of business.
job to some other agencyr-
a) What is being done here by handing over the
b) Which work is being outsourced here? Why?
below:
Q7. Which type of e♦ business transaction is depicted
i) Selling of old clothes one-bay.
tion.
ii) Managing stock and cash accounts of an organiza
Autocops.
iii) Maruti Udyog buying security lock system from
iv) Withchaws money form ATM.
v) Collecting daily report of employees on e-mail.
centre
vi) Registering complaints online in company's call

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