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HSC Commerce (English Medium) ११ वीं कक्षा - Maharashtra State Board Question Bank Solutions

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Explain the following term/concept:

Partnership Firm.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
Concept: undefined >> undefined

Explain the following term/concept:

Nominal Partner.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
Concept: undefined >> undefined

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Study the following case situation and express your opinion:

Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.

  1. Identify a business in the above example.
  2. Comment on it?
  3. Which two professions are mentioned here?
[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Distinguish between:

Partnership Firm and Joint Hindi Family.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

A statutory corporation is answerable to ______ Or state assembly whosoever creates it.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Answer in brief.

State any four types of partners.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Justify the following statement.

All partners are joint owners of the Partnership firm.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Justify the following statement.

Active partners take active part in day to day management of partnership firm.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
Concept: undefined >> undefined

Attempt the following:

Explain different types of Partnership Firms.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Attempt the following:

Explain different types of Partners.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Attempt the following:

Explain the features of a partnership firm.

[4] Forms of Business Organisation - 1
Chapter: [4] Forms of Business Organisation - 1
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Complete the sentence.

A ___________ has defined powers, functions and duties.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Answer in one sentence.

What is Statutory Corporation?

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Correct the underlined word and rewrite the following sentence.

Statutory Corporation is a natural person created by special Acts.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Correct the underlined word and rewrite the following sentence.

A Statutory Corporation is not answerable to parliament or state assembly.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined

Explain the following term/concept.

Statutory Corporation.

[5] Forms of Business Organisation - 2
Chapter: [5] Forms of Business Organisation - 2
Concept: undefined >> undefined
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