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HSC Commerce (English Medium) 11th Standard - Maharashtra State Board Question Bank Solutions

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State True or False:

The maximum number of members is unlimited in Joint Hindu Family Firm.

[4] Forms of Business Organisation - 1
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State True or False:

Joint Stock company can raise huge amount of capital.

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

The property of JHF business is jointly owned by the ________

[4] Forms of Business Organisation - 1
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Answer in one sentence.

What is Joint Hindu Family business?

[4] Forms of Business Organisation - 1
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Correct the underlined word and rewrite the following sentence.

In Joint Hindu Family business, the senior most member of family is called as Co-parcener.

[4] Forms of Business Organisation - 1
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Explain the following term/concept:

Joint Hindu Family Firm.

[4] Forms of Business Organisation - 1
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Explain the following term/concept:

Karta.

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Study the following case situation and express your opinion:

Mr. Raghunath is running a business from the last 30 years. This business is ancestoral business of Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their wives.

  1. Find out the type of business.
  2. Who is Raghunath?
  3. What Kiran and Naman are called?
[4] Forms of Business Organisation - 1
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Distinguish between.

Joint Hindu Family Firm and Joint Stock Company.

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Answer in brief.

State any four merits of the Joint Hindu Family Firm.

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Justify the following statement.

Karta is the sole manager of ‘Joint Hindu Family Business’.

[4] Forms of Business Organisation - 1
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Give one word/phrase/term:

An international organization dedicated to providing finance, advice, and research to developing nations.

[6] Institutes Supporting Business
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State True or False.

Dr. Muhammad Yunus is known as the ‘Father of Rural Banking.

[6] Institutes Supporting Business
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Complete the sentence.

The World Bank came into existence on the __________

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Complete the sentence.

The headquarter of the World Bank is in____________

[6] Institutes Supporting Business
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Complete the sentence.

Dr. Muhammad Yunus jointly won the Nobel Prize in __________.

[6] Institutes Supporting Business
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Select the correct option.

A B
________ World bank
[6] Institutes Supporting Business
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Select the correct option.

A B
Grameen bank _________
[6] Institutes Supporting Business
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Answer in one sentence.

What do you mean by World Bank?

[6] Institutes Supporting Business
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Correct the underlined word and rewrite the following sentence.

World Bank provides high interest loan.

[6] Institutes Supporting Business
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