Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

When we buy some goods from the market the shopkeeper issues us a Trade Document. At the bottom of this document is written E. & Ο.E. What do you understand from these letters? Explain the justification of these letters.

You would like to start a business either as a partnership firm or a cooperative society but you are in a state of dilemma and would not be able to choose between them. Then in this case what will you do?

Equity Shares are known as Risk Capital. What is your view about it?

Sarthak has taken a fire insurance policy for his warehouse. Due to fire, he suffered a loss of ₹5,00,000 and gets a compensation claim from the insurance company. The damaged stock can be sold for ₹15,000.

Who has the right over this amount? Why? State the relevant insurance principle in this regard.

Discuss in brief the following objectives of business.

1. Market Standing.
2. Innovation.
3. Manager's Developments.

List the major exports and imports in ancient India.

State the duties of a promoter.

In context to outsourcing, what do you understand by core and non-core activities?

Insurable interest is a fundamental principle of insurance. When should it be present in case of this is:

1. Life insurance policy.
2. Fire insurance policy.
3. Marine insurance policy.

Aprajita Kumar has around ₹ 20,00,000 balance in her savings bank account. She earns well and is not a big spender, so she routinely ends up with surplus money at the end of the month. She is aware that she should invest the money, but is unable to make up her mind on where to invest it. Expectedly, she is very confused because of the various options before her. Her close friend Shika Sharma a banking official advised her to maintain an account which is a combination of transactional (debit) account and deposit account. She told Aprajita that this is a time deposits wherein the rate of interest is better and at the time of need for funds, withdrawals can be made from the deposits by issuing a cheque from savings bank account or from ATM/branch or through any other channel. The sum of available balance in the transactional account and deposit balance can be used for issuing cheques or withdrawal or making any other payment. Finally, Aprajita Kumar is able to make up her mind to shift to the account advised by Shika Sharma. Identify and explain the type of banking account advised by Shika Sharma to Aprajita Kumar.