Forms of Business Organisation — Business Studies STD 11 Commerce — Question

About 6 billion passengers travel in Indian Railways each year. If anyone of us has traveled they will vouch for the fact that currently the availability of quality food in Indian Trains is something not to be excited about. Travelkhana solves this very problem for the railway passenger.

It offers a variety of choices to a railway passenger so that the passengers can order food as per their liking and at their price point while they are travelling. The Travelkhana automated platform tracks trains in real time across India and ensures that fresh food is delivered to the passenger as per their choice in real time. It also helps vendors and restaurants in terms of effective and efficient fulfillment. Additionally, it completes an entire fulfillment cycle right from the point of ordering to Delivery, Customer feedback and Reconciliation. What is most exciting is that railway passengers are served fresh food thanks to the patented technology behind Travelkhana? Travelkhana was started by Mr. Pushpinder Singh.

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

(a) Identify the types of industry being discussed in above case.

(b) What values are being exhibited by the above business?

Explain the role of financial intermediaries.

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.

What are the core objectives of social responsibility of business?

Lalitha Devi did her post-graduation from Manipur University, Imphal. She had
offers to join some reputed firms in metropolitan cities like Delhi and Mumbai. Instead of joining any of these firms she decided to do some creative work in Imphal. She observed that a special type of chilli is grown by the farmers in most of the villages in Imphal. This chilli has a distinct flavour and pickle made from this chilli has a taste which may be liked by people from the rest of the country. But the farmers were neither trained for this kind of farming of this kind of chilli on a large scale nor was there a secured market for their produce. Lalitha Devi met 18 like-minded women of the area and formed an organisation for doing the business of pickle manufacturing. Each of them contributed ₹20,000 each towards its capital and were equally responsible for its management. On one hand they assured the farmers to purchase their chilli and on the other hand, the organisation with the help of local agriculture department arranged for the training of the farmers. They also employed 10 local unemployed graduate girls for doing the various operations of pickle making.
On the basis of the given information, answer the following questions:
(a) Identify the kind of organisation that was formed by Lalitha Devi.
(b) Explain the type of the kind of organisation that was formed by Lalitha Devi.

State the statutory provisions related to partnership deed.

What are courier services? Give the name of any two courier companies and discuss their functioning too.

Differentiate the following activities into Economic and Non-economic:
i. A property dealer is purchasing a house for himself.
ii. A doctor is giving his son a medical treatment.
iii. A person is selling tea on a railway station.
iv. A property dealer is buying a house for someone on commission.

Discuss some of the economic functions of transport services.

Define one person company. Explain it salient features.