Private, Public and Global Enterprises — Business Studies STD 11 Commerce — Question

The banking system in India dated back to 1750 BC. In ancient India there is evidence of loans from the Vedic period. From the writing of many foreign travellers during Mughal period we came to know about the use of various instruments in the then great commercial centres. In the Mughal period historians found the evidence of loan deeds which were called dastawez. There were two types of dastawez - one was payable on demand and other was payable after a stipulated time. The most important class of credit instruments of exchange evolved in India at that time. Their use was most widespread in the twelfth century, and has continued till today.

On the basis of the given information about the banking system in India, answer the following questions:

(a) Identify the instrument of exchange prominent in the great ancient commercial centres of India.

(b) State two important features of the instrument of exchange identified in part (a).

Explain all the documents used in export procedure.

Distinguish between Memorandum of Association and Articles of Association.

Maxwell Garments Ltd. took a loan of 10,00,000 from Syndicate Bank. The company is facing acute shortage of funds due to limited demand of their products_ The Finance manager of company suggested to can claim compensation from insurance company against stock lost due to fire in the warehouse. He actuallymeant that the officials can put their warehouse on fire and can claim compensation from Insurance company against stock insured. Later on company can use the insurance claim money to pay loan.
On the basis of the given information about Maxwell Garments Ltd., answer the following questions:
(a) Will the company get the claim if the surveyor from insurance company comes to know the real cause of fire?
(b) Which values did company ignore while planning to arrange money from false representation?

What is the difference between Public and Private sector?

Why does business enterprise need finance?

What are the important features of public sector enterprises?

What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?

Ramesh is a software professional working in a software development company located at Hyderabad. He has a saving bank account with the State Bank of India but he has not opted for e-Banking. His family members are residing in Delhi. Ramesh's father asked him to send 4,50,000 at the earliest. His father has a saving bank account with Bank of Baroda.

Explain Ramesh the method he should adopt for sending money as early as possible.

What are the various types of industries?