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

What do you understand by entrepot trade?

"Registration of a partnership firm is not to be compulsory but beneficial". Do you agree? Give reasons in support of your answer.

"The Karta is over burdened in an HUF" business. Discuss.

To which Auxiliary to Trade has related the following statement?
i. There is a lot of risk in Business.
ii. Information in business has a special significance.
iii. Business can't be run without funds.
iv. To do business material has to be purchased from far off places.

What are the advantages and disadvantages of preference shares?

List the major exports and imports in ancient India.

From social welfare point of view, which type of organization is most desirable from employment generation point of view?

Give any four reasons against the social responsibilities of business.

Uma a village girl comes to Delhi to visit her relatives. She goes with her cousin to a shop, which is centrally located. She becomes astonished byte varieties of goods which are sold here.

(a) Identify this type of shop.

(b) Quoting lines from the above paragraph describe two characteristics of the shop.

(c) Explain advantages of such shops.

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.