Commerce (English Medium) Class 11 - CBSE Question Bank Solutions for Business Studies

What are the different parameters used to measure the size of the business?

What is the definition used by the Government of India for small scale industries?

State the features of cottage industries.

What do you understand by a sole proprietorship firm?

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?

Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.

(a) Explain two benefits of remaining a sole proprietor
(b) Explain two benefits of converting to a joint stock company
(c) What role will her decision to go nationwide play in her choice of form of the organisation?
(d) What legal formalities will she have to undergo to operate business as a company?

Centralised control in MNC's implies control exercised by

Reconstruction of sick public sector units is taken up by

Disinvestment of PSE's implies

Explain the concept of private sector and public sector?

State the various types of organisations in the private sector.

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

List the name of some enterprises under the public sector and classify them

Why is the government company form of organisation preferred to other types in public sector?

Describe the industrial policy 1991, towards the public sector?

The structure in which there is a separation of ownership and management is called

What was the role of the public sector before 1991?

Can the public sector companies compete with the private sector in terms of profit and efficiency? Give reasons for your answer.

The Karta in Joint Hindu family business has