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

Is registration of partnership firm compulsory? What are the consequences of non-registration?

What do you mean by pavement traders?

What is Hundi?

What are the hindrances in the commerce? Which agencies are used to remove these hindrances?

Shiv, Anandi & John were partners John died in a car accident Both Shiv & Anandi decided to admit his son Ryan who was 16 years old as partner. Can they do so ? Justify.

Discuss some of the steps taken by the government to address the problem of pollution generated by industries.

Differentiate between economic and non-economic activities.

The merchant community derived power and prestige from guilds. Even kings were supposed to accept and respect the rules of these guilds. The guild chief dealt directly with the king or tax collectors and settled the market toll on behalf of its fellow merchants at a fixed sum of money. The guild merchants also acted as custodians of religious interests. They undertook the task of building temples and made donations by levying a corporate tax on their members. The commercial activity enabled big merchants to gain power in the society.

On the basis of the given information about the merchant community, answer the following questions:

(a) "Even kings were supposed to accept and respect the rules of these guilds". Identify the guild being specified in the case.

(b) Enlist the main functions of the guilds whose rules were accepted by even kings.

Name any three special financial institutions and state their objectives.

Explain the principle of distributive justice.