Business, Trade and Commmerce — Business Studies STD 11 Commerce — Question

Write important functions of Indigenous banks.

Explain the principle of distributive justice.

Nandini, in order to promote local craftsmen of Gujarat, formed an where in the persons voluntarily associate themselves to promote common economic interest. The basic purpose of this organisation was to help these craftsmen to find market for their products. It had a managing committee that was elected on the basis of 'one member one vote'. organisation
On the basis of the given information, answer the following questions :
(a) Identify the form of business organisation set up by Nandini.
(b) Quoting the lines form the above para, state any two features of this form of organisation.

What is Hundi?

State the meaning of business.

Enumerate the features of retail trade.

'Reva Chemicals' is a partnership firm. Sona and Mona one two partners in this firm. It is recorded in the Partnership Deed that Sona's liability is unlimited, whereas Mona's is limited. Sona wants to set up the Anti-Pollution plant in his factory, but Mona does not let him do so. Almost all the transactions of this firm are done through the internet. The firm Sells its goods to other Business units only. The firm gets its Research and Development work done by another firm, who is a specialist of such work.
i. Describe the type of partnership.
ii. ldentify the two values being overlooked.
iii. Name the type-business being done by the firm

Which industries are classified as Small Scale Industries? Also give the main features of these industries.

Briefly explain the primary functions of commercial banks.

Which eight problems have been identified by the United Nations which cause damage to natural environment?