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

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

[0.09] Small Business
Chapter: [0.09] Small Business
Concept: Small Scale Enterprise as Defined by MSMED Act 2006

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

[0.09] Small Business
Chapter: [0.09] Small Business
Concept: Small Scale Enterprise as Defined by MSMED Act 2006

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How would you differentiate between an ancillary unit and a tiny unit?

[0.09] Small Business
Chapter: [0.09] Small Business
Concept: Small Scale Enterprise as Defined by MSMED Act 2006

State the features of cottage industries.

[0.09] Small Business
Chapter: [0.09] Small Business
Concept: Small Scale Enterprise as Defined by MSMED Act 2006

What do you understand by a sole proprietorship firm?

[0.02] Forms of Business Organizations
Chapter: [0.02] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader

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

[0.02] Forms of Business Organizations
Chapter: [0.02] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader

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?

[0.02] Forms of Business Organizations
Chapter: [0.02] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader

Centralised control in MNC's implies control exercised by

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

Reconstruction of sick public sector units is taken up by

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

Disinvestment of PSE's implies

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

Explain the concept of private sector and public sector?

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

State the various types of organisations in the private sector.

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

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

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

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

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

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

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

Describe the industrial policy 1991, towards the public sector?

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

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

[0.02] Forms of Business Organizations
Chapter: [0.02] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader

What was the role of the public sector before 1991?

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

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

[0.03] Public, Private and Global Enterprises
Chapter: [0.03] Public, Private and Global Enterprises
Concept: Concept of Public Sector and Private Sector Enterprises

The Karta in Joint Hindu family business has

[0.02] Forms of Business Organizations
Chapter: [0.02] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader
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