GAIL DAV PUBLIC SCHOOL

ASSIGNMENT - 1
CLASS - XI BUSINESS STUDIES (2020-21)
CHAPTER – 1 – NATURE AND PURPOSE OF BUSINESS.

Multiple choice questions: one mark each

1. Such a hundi is like any other bearer instrument and is payable to the holder or bearer :
a) Sahyog- Hundi
b) Dhani-jog Hundi
c) Furman-jog Hundi
d) Darshani Hundi
2. The type of global trade which took place through sea route was known as:
a) Muziris
b) Taxila
c) Maritime Trade
d) Shores of Malabar
3. It was a commercial town and also a major centre for export of stones:
a) Peshawa
b) Pataliputra
c) Mathura
d) Mithila
4. This auxiliary to trade help in creating time utility:
a) Advertisement
b) Insurance
c) Transportation
d) Warehousing
5. The productivity of a business is measured in terms of ratio between:
a) Human resource and physical resource
b) Physical resource and financial resource
c) Input and output
d) Target set and target achieved
6. The Chinese traders frequently visited Calicut to acquire this item from India:
a) Pepper
b) Diamonds
c) Cotton
d) All of the above
7. Mahajan community was collectively represented by their chief called:
a) Jagatseth
b) Bhats
c) Chatt
d) Nagarseth
8. Increase in competition is a type of:
a) Human risk
b) Natural risk
c) Economic risk
d) Political risk
9. The type of business risk which involve only the possibility of loss or no loss is known as:
a) Contingent risk
 b) Speculative risk
c) Calculative risk
d) Pure risk
10. There industries are engaged in production of products for final consumption and creating from
utilities:
a) Generic industries
b) Manufacturing industries
c) Extractive industries
d) Construction industries

QUESTIONS CARRYING ONE MARK (Answer in one sentence)

1. Mention the two types of human activities‟

2. How will you determine whether a particular activity is an economic activity?
3. What are the branches of commerce?

4. Name the trade where import of goods is made before the export of goods.

5. Harish produces wheat not for sale but for personal consumption. Will it be a business

activity? Why?

6. Which feature of business risk is referred in the statement “Business risk can be

minimized but cannot be eliminated”?

7. Mention any two hindrances removed by commerce.

8. Mention two social objectives of the business.

9. Which business activity removes all the hindrances in the process of exchange?

10. In which type of secondary industry various raw materials are combined together to
make the final product.
11. Mr. Purohit is a student of Class XI. He has full knowledge of all the Characteristics of
business. He is advising one of his friends that “Business is a bed of roses, so there is no
harm in adopting it as a “career”. Do you think Purohit is right in saying so?
12. To which auxiliary to trade is related the following statement?
a) Information in business has a special significance
b) Business can‟t be run without funds

QUESTIONS CARRYING THREE MARKS. (50 – 75 words)

1. Classify the following activities into economic and non – economic activities.

a) Smita cooking food for her family.

b) Doctor treating patients at his clinic.
c) An old lady attending “Satsang”.

2. Classify the following into business, profession and employment.

a) Hari sells mobile phones on behalf of his employer.

b) Sanjay is the advocate of High Court
c) A person repairs scooters on roadside.
 3. “An activity can be an economic activity in one situation and non – economic in
another situation.” Do you agree? Give an example to justify the given statement.
4. Explain the concept of business.
5. How would you classify business activities?

QUESTIONS CARRYING 4/5 MARKS (ABOUT 150 WORDS)

1. State any four features of business.

2. State the different ways in which an entrepreneur can deal with risk.
3. What are the different ways in which manufacturing industries may be categorized?

4. Discuss the various social objectives of business

5. Discuss the nature and causes of business risk.

6. Explain primary and secondary industries with the help of examples.

7. Pardeep and Vijay are two friends. Both of them are doing different business. Pardeep‟s

business facing changes in fashion and change in policies and he is also very upset

because of tough competition. On the other hand, there is a great hurdle is there

in Vijay‟s business because of the dishonesty of employees, dishonesty of customers

and stricker and Lockouts. Point out the type of business risk the two friends are

undergoing / suffering from.

8. Barkha had some such book as were rare in the market. One of her friends needed these

books. Barkha sold out all those books of hers to her friends for Rs. 500 and earned a

profit of Rs.1500. Can this activity of hers be called a business? Give two reasons justify

your answer.

9. Differentiate between the following activities into business profession and employment.
a. Sohan is selling books on behalf of his employer
b. Reeta is participating law or doing legal practice
c. Kiran is running his private clinic
d. Chandni who is a cart-vendor is selling toys in a fair

QUESTIONS CARRYING 6 MARKS (ABOUT 200 WORDS)

1. “Profit maximization can’t be the sole objective of a business.” Comment

2. What do you understand by trade? Discuss the various types of trade. Q.29 “Risk is

an inherent element of a business.” Do you agree?

3. What is meant by economic activities and non – economic activities? Discuss any four
points of difference between the two.

4. Distinguish between business and profession on the basis of (i) Qualification (ii)
Mode of establishment (iii) Return iv) Risk (v) Code of Conduct.

5. A famous doctor charges highly for consultation from his patients and refuses to treat
the poor patients without consultation charges. He pays attention to the MR
6. (Medical Representative) and Agents of Pharmacy Company and takes gifts and
commission from them also. In your view, is it professional behavior of doctor? Is he
following the code of conduct of doctor? Write any three value which are not followed
by the doctor.

7. Anil, Sunil and Gita are friends. They are pursuing their MBA from IIMT, Banaras,while
having a coffee during break time, they were discussing their future plans. Anil said he
is planning to help his father by joining his printing press after competing MBA, Sunil
on the other hand, wanted to get a job in some big company through institutions
placement call. Since Gita loves children, she shared her willingness to join an NGO
and use her knowledge and skill to help the under privileged children.
a) Identify and give two points of difference between Anil‟s and Sunil‟s plans?
b) How would you classify the activity which Gita is willing to pursue after
college?
c) By quoting the line state the values depicted in the case.
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 2
CLASS - XI BUSINESS STUDIES (2020-21)
CHAPTER – 2 FORMS OF BUSINESS ORGANISATIONS

Multiple choice questions: one mark each

1. Minors can also be members of this form of business:
a) Sole Proprietorship
b) Partnership
c) Joint Hindu Family
d) Cooperative Societies
2. There is no separate law that governs this form of business:
a) Sole Proprietorship
b) Partnership
c) Joint Hindu Family
d) Joint Stock Company
3. The principle of “one man one vote” governs this form business:
a) Sole Proprietorship
b) Partnership
c) Joint Hindu Family
d) Cooperative Societies
4. The minimum number of members required to form a public company is:
a) 2
b) 5
c) 7
d) 10
5. The liability of the members in this form of business organization is NOT limited:
a) Partnership
b) Cooperative society
c) Private Company
d) One Person Company
6. This document defines the relationship of a company with outsiders:
a) Prospectus
b) Articles of Association
c) Memorandum of Association
d) All of the above
7. This type of partnership is automatically dissolved when ithe purpose for which it is formed is fulfilled:
a) Particular partnership
b) Partnership at will
c) Limited partnership
d) General Partnership
8. The liability of member in this form of business organization is not limited.
a) Partnership
b) Cooperative society
c) Private company
d) One person company
9. The liability of a Karta in a Joint Hindu Family Business is:
a) Limited
b) Unlimited
c) As decided by the Court
d) None of the above

QUESTIONS CARRYING 1 MARK (Answer in one sentence)

1. Which form of organization is owned and controlled by a single owner?

2. Which Act governs Hindu Undivided Family business?
3. How does a male person become member of a Hindu Undivided family business?
4. Whose decisions are binding on all the members of the Hindu Undivided Family business?
5. In which form of organization every member acts both as an agent and a principal?
6. State the minimum and the maximum number of partners in a partnership firm.
7. Differentiate between Partnership and Hindu Undivided family Business on the basis
of liability.
8. “The existence of a company is not affected by death and insolvency of its members”.
Which feature of company is highlighted in the given statement?
9. What are the different stages in the formation of a company?
10. Why does the company cannot use personal property of shareholders to pay off
business debts?
11. Ramesh is hired to conduct financial feasibility of a project. Whether he will be termed as
a promoter?
12. Which document defines the objectives of a company?
13. Which is the regulatory authority in the securities market to protect the interest of investors?
14. Is it necessary for a private company to issue a prospectus or statement in lieu of prospectus?
15. Rajesh and Ranjeet bought 20 quintal of sugar and both of them divided it equally between
themselves. Are Rajesh and Ranjeet partners? Explain.
16. There are eight members in a private company, all of them are sailing in a boat in sea and are on a
sightseeing trip. All of a sudden a storm starts blowing and all of them die. Will their company become
non-existent with their death?

QUESTIONS CARRYING 3 MARKS. (50 – 70 words)

1. Discuss the two systems of inheritance under Hindu Undivided Family business.
2. Distinguish between partnership and sole proprietorship on the basis of
a) Number of members
b) Capital contribution
c) Secrecy.
3. How can the partnership firm be classified on the basis of liability?
4. What do you mean by “Partnership Deed”? State its main contents.
5. State merits of a Co-operative Society.
6. Write a note on Co-operative Society in accordance with Co-Operative Societies Act, 1912.

QUESTIONS CARRYING 4/5 MARKS (ABOUT 150 WORDS)

1. “From the point of view of management, sole trade organisation is the worst form of trade
organization”. Do you agree with this statement? If yes, then support your view by reasons?
2. You are a student of class XII you have full knowledge of different forms of business organisation.
Mr. Rohan wants to set up a business. He needs your help in choosing a business organisation.
He has two main expectation from the business organisation:
a) Limited Liability
b) Continuity
3. What suggestion will you give to Mr. Rohan and Why?
4. You are a business consultant. Mr. Singh has recently retired from government service. He is 60
years old and he wants to set up a factory in order to manufacture plastic goods. He has come to
consult you that you suggest to him a suitable form of business organisation. The followings are
his main expectations from the business organisation.
a) Easyformation
 b) Flexibility in operation
c) Sharing of profit with limited person
d) Sufficient persons to look after various business activities Which from of business will
you suggest to Mr. Singh and why?
5. Atul, Bhagwan and Chanchal join together and set up a partnership organisation. They do the
wholesale trade of “Ghee”, “Sugar” and “Pulses”.They got a document prepared, which stated
the different terms and conditions in order to turn the partnership organisation smoothly and
properly. Tell the name of the document prepared and also clarify the
6. Identify the type of partner highlighted in the following statements.
a) This partner does not take part in the day-to-day activities of the business.
b) He gives an impression of his being partner to others by his words of conduct.
c) He allows the use of his goodwill to benefit the firm and can be represented as a partner.
d) He is represented as a partner and inspite of knowing this, he does not deny such
impression.
7. Briefly discuss the various types of partnership.
8. There are various types of Co-Operative Societies, which vary in their nature of activities.
Discuss any four such cooperative societies.
9. What are the steps involved in formation of a company?
10. What are the limitations of a company form of organization?

QUESTIONS CARRYING 6 MARKS (ABOUT 200 WORDS)

1. What are the features of a Joint Stock Company?

2. “Co-operative society offers various advantages as compared to other forms of
3. business organization. Comment.
4. What are the various privileges available to a private company over the public company?
5. Why is it important to choose an appropriate form of organization? Discuss the factors that
determine the choice of form of organization.
6. Why is partnership considered by some to be a relatively unpopular form of business
ownership?
7. Explain the merits and limitations of partnership
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 3
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 3 PRIVATE, PUBLIC AND GLOBAL ENTERPRISES

Multiple choice questions: one mark each

1. Which of the following is not a feature of Departmental undertaking:
a) The employees of this enterprise are not civil servant
b) They are generally considered to be a major subdivision of the government department.
c) Funding of these enterprises come directly from the Government treasury
d) All of the above
2. Which of the following is not a merit of a statutory corporation
a) They are autonomous organizations
b) They are valuable instruments for economic development
c) Where national security is concerned this form is most suitable
d) The government generally does not interfere in their financial matters
3. It refers to the process of sale of equity shares to the private sector and to the public
a) Globalization
b) Disinvestment
c) Import substitution
d) Economies of scale
4. Which of the following is not a feature of global enterprise
a) These enterprises possess technological superiority in their methods of production
b) Their operations and activities are confined to the physical boundaries of their own countries
c) These enterprises are characterized by possessing huge financial resources
d) None of the above
5. In case of government company at least what percentage of the paid up capital is held by the
government
a) 51%
b) 49%
c) 52%
d) 30%

QUESTIONS CARRYING 1 MARK (Answer in one sentence)

1. Which form of public sector enterprise is most suitable when national security is concerned?

2. Which type of public enterprise is established under a special Act of the Parliament?

3. In which form of public sector enterprise, atleast 51% of the capital is contributed by the state or
the central government?
4. Give two examples of government companies.
5. What is the main function of Board of Industrial and Financial Reconstruction(BIFR)
6. What is meant by Public Private Partnership? Give any two examples.
7. Mention any one advantage of Joint Venture.
8. Name the type of banking in which internet is used to deposit and withdraw money. Give one
advantage of such type of banking.
9. Roopam took an insurance policy for his car. Within a year he sold the car to his nephew
Raghu. The car got stolen. Roopam filed an insurance claim on the insurance company. Company
refused the claim, saying that Roopam is not the owner of the car.Which principle is this based
on? State the principle.

QUESTIONS CARRYING 3 MARKS. (50 – 75 words)

1. An Asthma patient did not disclose this fact while taking life insurance policy.
2. Name and explain the principle violated by him.
 3. Identify the form of public sector enterprise in the following cases
a) It is under the control of concerned Minister of the department.
b) It enjoys maximum autonomy in all management activities.
c) These enterprises are set up under a Special Act of Parliament.
4. Why MNCs are in a position to exercise massive control on the world economy?
5. Even though public sector played a significant role in economic development still the number of
industries reserved for it, were reduced to 3, why?

QUESTIONS CARRYING 4/5 MARKS (ABOUT 150 WORDS)

1. Why is the government company form of organization preferred to other types in the public
sector?
2. Which enterprise formed when two or more firms join together for a common purpose and
mutual benefit. What are the benefits of such enterprise?

QUESTIONS CARRYING 6 MARKS (ABOUT 200 WORDS)

1. What do you understand by Departmental Undertaking?
2. What is meant by Public Private Partnership?
3. What do you mean by Global Enterprises? Briefly discuss its various characteristics.
4. Discuss the rational for giving dominant role to public sector.
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 4
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21) CHAPTER – 4 BUSINESS
SERVICES

Multiple choice questions: one mark each

1. Which of the following is not a feature of services?

a) They cannot be stored for future use
b) They cannot be touched
c) They have to perform exclusively
d) They do not require simultaneous production and consumption activity
2. Recreational services form the part of:
a) Business service
b) Social services
c) Personal services
d) All of the above
3. Which of the following terms are related with insurance?
a) Policy
b) Premium
c) Surrender value
d) All the above
4. Which of the following is a type of marine insurance policy?
a) Freight insurance
b) Shipped insurance
c) Cargo insurance
d) All of the above
5. Which of the following is the service provided by e-banking?
a) Electronic fund transfer
b) Automatic teller machine
c) Point of sale
d) All of the above
6. Which of the following is not a type of postal service?
a) Registered post
b) Speed post
c) Courier
d) Radio paging service

1 MARK QUESTIONS. (Answer in one sentence)

1. Define the term “banking‟.
2. What is Multiple Deposit Account?
3. Which type of deposit account is suitable for business organisatons? Why?
4. Define Insurance.
5. What is e – banking?
6. A Company has undertaken a fire Insurance Policy for `8 lakhs. After two months fire broke
in the godwon and, it incurred a loss of ` 5 lakhs. How much amount will the company get as
compensation?
7. When should Insurable Interest be present in marine Insurance?
8. Name two companies that offer DTH service in our country.

3 MARKS QUESTIONS (50 – 75 words)

 1. Describe any three types of Bank Accounts.
2. Explain the following banking services:
a) Bank Draft
b) Electronic Funds Transfer System.
c) Banker‟s Cheque
d) ATM
3. What is fundamental principle of Insurance?
4. What is Insurable Interest? When should it exist in case of fire, marine and life Insurance?
5. “A Contract of Insurance is a contract of Indemnity and indemnity only” Comment.

4, 5 MARKS QUESTIONS (about 150 words)

1. Explain the following banking services

a) Real Time Gross Settlement (RTGS)
b) National Electronic Funds Transfer (NEFT)

6 MARKS QUESTIONS (about 200 words)

1. Explain the following principle:

a) Utmost Good Faith
b) Proximate Cause
c) Subrogation
d) Contribution
e) Mitigation of Loss
2. What is e – banking? Explain the range of services offered by e – banking.
3. State and explain various financial services provided by the Post Office
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 5
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 5 EMERGING MODES OF BUSINESS

Multiple choice questions (one mark each)

1. The strongest trends that are shaping businesses are:

a) Outsourcing
b) Globalization
c) Digitalization
d) All of the above
2. This constituent of e-business includes a series of online activities involved in marketing of goods and
services
a) B2B commerce
b) B2C commerce
c) C2C commerce
d) Intra B commerce
3. An ATM is an example of:
a) B2B commerce
b) Intra B commerce
c) C2C commerce
d) None of the above
4. Which of the following is a type of transaction risk?
a) Default on order taking
b) Default on order giving
c) Default on delivery
d) All of the above
5. Which of the following activities are generally outsourced by a school?
a) Running a canteen
b) Security service
c) Book store
d) All of the above

ONE MARK QUESTIONS. (Answer in one sentence)

1. What is e – commerce?
2. What is electronic medium of payment called?
3. What is EFT?
4. Name any four services which could be outsourced.
5. Give the full form of VIRUS.
6. Define B2B commerce.
7. “There is a card that facilitates its holder to borrow money from a bank”. Name it.
8. What do you understand by smart card?
THREE-FOUR MARKS QUESTIONS (50-75 WORDS)

1. Mr. Supriyo lives in West Bengal. He has to send books to his daughter living in Delhi within two days.
Which service will he use? Why such services are gaining popularity?
2. Home Shop 18, Star CJ etc. are tele-shopping channels facilitating telemarketing. Which kind of service
is it? What are their customer support services? Why should they be outsourced? Give name of two
BPO companies working in India.

3. Mr. Nathan needs to transfer his money to his business partner Lalit in Delhi. He uses the new transfer
techniques, what is EFT. How it is more reliable and beneficial than the traditional manual transfer.
 4. What is plastic-money and E-money? If you have to go to on your outstation tour which will you
prefer cash, cheques or plastic money? Why? Give three reasons in support of your answer.
5. What is meant by outsourcing services?
6. What is meant by KPO? State any two types of KPO services.
7. Explain C – 2 – C mode of e – business.

4, 5 MARKS QUESTIONS. (about 150 words)

1. Mr. Sudershan has started a new company. He develops his website and uses all the techniques
which are new like E-commerce but to his disappointment he had to face many problems rather than
smooth running. He thought he would be able to attain. Explain any four problems he had to face.
2. Explain briefly the data storage and transmission risks in e – business.

3. Explain the benefits of e – business from customers point of view.

4. How payment for purchases can be made for online shopping?

5. Justify the need for BPO by giving any 4 points.

6 MARKS QUESTIONS. (about 200 words)

1. Distinguish between e – business and traditional business.

2. Online transactions are prone to a numbers of risks. Explain the various risks encountered while
conducting e – business.
3. How can a business firm ensure safety and security of e – transactions? Explain any four
methods.
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 6
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 6 SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

MULTIPLE CHOICE QUESTION (1 MARK EACH)

1. Which of the following are the examples of socially undesirable practice?

a) Creating healthy working conditions
b) Sincerely attending to customer complaints
c) Manufacture and sale of adulterated goods
d) All of the above
2. Assumption of social responsibilities by a business is essential in order to :
a) Improve the image of business
b) Avoid government intervention
c) Maintenance of society
d) All of the above
3. Operating a company as per the provisions of Companies Act is a type of:
a) Legal responsibility
b) Ethical responsibility
c) Economic responsibility
d) Discretionary responsibility
4. Pollution changes the physical, chemical and biological characteristics of
a) Water
b) Land
c) Air
d) All of the above
5. Ethical business behavior does not include
a) Producing eco friendly products
b) Earning reasonable profit
c) Selling adulterated goods
d) Offering fair wages to the workers
1 MARK QUESTIONS. (Answer in one sentence)

1. What is meant by Social responsibility of business?

2. Give an example of economic responsibility of business.
3. Give an example of legal responsibility of business.
4. Give an illustration of socially responsible Indian company.
5. Give any two examples of business activities which are considered unethical.
6. What is CSR?
7. “Find solutions” industry of software started sunshine foundation to detect and
treat cancer in 1980. What kind of activity is this?

8. Mrs. Rita started a business in a rehabilitation colony where she with the help of workers devoted one
hour daily to maintain the nearby MCD park. Which
objective of social responsibility she is meeting?

9. Mr. Rohan is a manager in Goyanka Ltd. The employees don‟t feel at ease as he uses abusive words
and mal-treats them so that he can extract maximum work from them. Will he be able to do that? Which
responsibility is he ignoring?
 .

3 MARK QUESTIONS (50 – 75 words)

10. Mr. Netik is running a business and factory of plastic granuals in Azad Market. He is using
modern technology to control pollution and recycles the products.
He doesn‟t dispose off the waste material in open but press it and dispose the waste in
a pothole. He also attends seminars to learn dispose and recycle plastic. What kind
of social responsibility is he following? Is it also in interest of his business?
State a value inculcated in this.
11. Is it in the interest of business to fulfill its social responsibility towards different interest groups?
Explain.

12. State any three factors that favour assumption of social responsibility by the business.
13. Explain any three responsibilities towards employees.
14. Define the term business ethics and give at least two examples.

4, 5 MARKS QUESTIONS (about 150 words)

15. Mr. Prem Azim Ji donated a huge amount for the eradication of Aids and spread of education in
Rural Areas. He feels that business is not merely a profit-making enterprise but essentially a social
responsibility. Comment with four supporting views.

16. Discuss the arguments against the social responsibility of business.

17. “Today businessmen are more conscious of their social responsibility”. Explain why,
by giving only four reasons.
18. Explain the social obligation of business towards investors, consumers and the
general public

6 MARKS QUESTIONS (about 200 words)

19. “It is in the interest of business to fulfill its social responsibility towards different
interest groups” Why?
20. “Like an Individual, a business enterprise should also be a loyal citizen of the
state”. Explain.

21. What are business ethics? Explain the various elements of business ethics.
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 7
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 7 – SOURCES OF BUSINESS FINANCE

MULTIPLE CHOICE QUESTION (1 MARK EACH)

1. Finance is required at the time of

a) Starting of the business
b) Running of the business
c) Expansion of the business
d) All of the above
2. The working capital requirements of a business relate to
a) Level of stock of raw materials
b) Amount of bills receivable
c) Quantum of current assets
d) All of the above
3. Equity share capital is also known as
a) Risk capital
b) Ownership capital
c) Long capital
d) All of the above
4. An undistributed portion of net earnings in the busiess is known as
a) Ploughing back of profit
b) Self financing
c) Retained earnings
d) All of the above
5. Which of the following is not an International Source of finance
a) GDR
b) ADR
c) ICD
d) None of the above

1 MARK QUESTIONS (Answer in one sentence)

1. What do you mean by business finance?

2. What do you mean by equity shares?
3. Out of long-term and short-term sources of finance, which source should be preferred to finance fixed
assets?
4. What do you mean by trade Credit?
5. Why retained earnings cannot be used by a newly established company?
6. What is the position of debenture holders in relation to the company?
7. How does trade credit lead to risk of overtrading?
8. Why there is no tax benefit in case of preference shares?

3 MARK QUESTIONS (50 – 75 words)

1. Amit is a manufacturer of blankets and winter wear in Panipat. What should be his working capital
needs in terms of
a. Nature of business
b. Seasonal operations
2. Identify the financial instruments referred below:
a. ABC Ltd. issued an instrument in US dollars to raise foreign capital
b. Bio-diversity Ltd. is a foreign company which wants to raise funds from Indian
market. It issues an instrument.
3. XYZ Ltd. is an Indian company which is issuing an instrument to raise funds from the investors of
USA
4. What do you mean by „Business Finance‟? Why do business activities need it?
 5. What are equity shares? Discuss its various features.

6. Discuss various characteristics of „Debentures‟

7. What are two preferential rights enjoyed by preference shareholders in comparison to

equity shareholders?
8. How can sources of finance be classified on the basis of ownership?

4/5MARKS QUESTIONS (about150words)

1. A company needs to increase its stock of raw material and finished goods. Which will require funds
of 50 lakhs? What are the various options available with the company to finance this amount?
2. What advantages does issue of debentures provide over the issue of equity shares?

3. Discuss the financial instruments used in international financing.

4. What are inter – corporate deposits? Give its features

6 MARKS QUESTIONS (about 200 words)

1. Explain “Global Depository Receipts” and “American Depository Receipts” and “Indian Depository”
as sources of finance.
2. What are the advantages and disadvantages of preference shares?
3. What are the merits of Public Deposit?
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 8
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 8 – SMALL BUSINESS

Multiple choice questions: one mark each

1. Which of the following activity is a part of entrepreneurship?
a) Identification of a business opportunity.
b) Conducting feasibility study
c) Employing necessary resources for its implementation
d) All of the above

2. Which of the following is not an advantage of entrepreneurial development?

a) Employment generation
b) Balance economic development
c) Restricts innovations
d) Social benefits

3. Which of the following methods can be used to fund startup?

a) Venture capital
b) Bootstrapping
c) Seed accelerators
d) All of the above

4. The limit for investment in plant and machinery may be ₹ 5 crore but does not exceed ₹ 10 crore for

a) Micro enterprises
b) Small enterprises
c) Medium enterprises
d) All of the above

5. It is a recognizable sign, design or expression which distinguishes products or services of a particular

trader from the similar products or services of other traders

a) Copyright
b) Patent
c) Trademark
d) None of the above

1 MARK QUESTIONS (Answer in one sentence)

1. Define small-scale industries.

2. Explain the term „Tax Holiday‟.
3. How much investment a village industry requires?
4. Name the institutions set up to encourage small business in India.
5. How do small scale industries prove to be the second largest provider of employment in India.
6. How do small scale industries promote development of rural and backward areas?
7. Give full form of MSME.
8. Md. Abdul lives in Uri, Jammu and Kashmir, a rural area. His whole family is involved in making
Kashmiri shawls, and selling them. They use handlooms to make them. He had used his small personal
investment to start the work.
Under which category of industry will you classify his business?

3 MARK QUESTIONS (50 – 75 words)

9. Small scale industries play a significant role in the developing countries like India. Justify the
Statement by giving a suitable reason.
10. State the features of cottage industries.
11. Identify the type of small scale unit in the following cases:
a. Investment in plant and machinery up to ₹ 10crore.
b. Investment in plant and machinery does not exceed ₹25 lakhs.
c. Investment in plant and machinery does not exceed ₹5 crore.

4, 5 MARKS QUESTIONS (about 150 words)

 12. Although small scale business plays a significant role in socio – economic development of the
country, still it has to face various obstacles. Comment.
13. Why does small business face shortage of finance and raw material?

6 MARKS QUESTIONS (about 200 words)

14. Radha dreams to start a handicraft business in rural areas of Jharkhand so that women can become
self-sufficient there, but she is not clear about how to arrange finance for it. You are her friend:
a. Explain the significance of business finance to her
b. Suggest her ways to arrange it by referring to support provided by government to her
c. What value does she wish to accomplish by following her dream

15. How do small scale industries contribute to the socio – economic development of India?
16. Explain technical and marketing supports provided by National Small Industries Corporation.
17. Explain the role of a District Industries centre in developing small – scale industries in a
district.
18. Write short notes on: -
a) NSIC
b) DIC
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 9
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)
CHAPTER – 9 – INTERNAL TRADE

Multiple choice questions: one mark each

1. Wholesaling is concerned with the activities of those persons or establishments which sell goods
to:
a. Retailers
b. Industrial uses
c. Commercial uses
d. All of the above
2. Which of the following activities are undertaken by the wholesalers
a. Grading of products
b. Storage
c. Promotion of goods
d. All of the above
3. Which of the following risks are born by the retailers
a. Storage risk
b. Pilferage
c. Risk of obsolescence
d. All of the above
4. Which of the following is not a type of small scale retailers?
a. Departmental store
b. Seconds shop
c. Grocery store
d. Specialty shops
5. The type of retailers do not have any fixed business establishment to operate from
a. Peddlers and hawkers
b. Cheap jacks
c. Market traders
d. All of the above

1 MARK QUESTIONS. (Answer in one sentence)

1. What is meant by internal trade?

2. Who is a retailer/ wholesaler?
3. Mention the name of documents which is prepared and sent to the prospective customer to
inform him about the total amount he would have to pay for specified goods.
4. Bata India Limited has a number of shoe shops in different localities of every city of India which
sell shoes to customers on retail basis. Mention the name of this retailing system.
5. What type of goods are suitable for Automatic Vending Machines?
6. Give the full form of FICCI.
7. Give one example each of single line stores and specialty stores.
8. Name the retailers who do not have a fixed plane for business.

3 MARKS QUESTIONS. (50 – 75 words)

9. “This is a system under which there is a large number of retail shops owned by the same
proprietor which are scattered over the various places of a city of particular country and are engaged in
the same line of activity.” Identify the system and explain any three advantages of this system.

10. Briefly explain any three functions of a wholesaler.

11. Enumerate the services rendered by a retailer to the customer.
12. What are the features of a Chain store?

4, 5 MARKS QUESTIONS (about 150 words)

13. Explain any four arguments in favor of the elimination of wholesalers.

14. Explain the procedure for carrying on mail order business.

15. Distinguish between Departmental store and multiple shops.

16. Enumerate the services rendered by a retailer to the consumers.

6 MARKS QUESTIONS (about 200 words)

17. Explain the role of Indian chambers of commerce and industry in promotion of internal trade.
18. Explain briefly documents used in internal trade.
19. Describe the advantages and disadvantages of Departmental stores.
 GAIL DAV PUBLIC SCHOOL
ASSIGNMENT - 10
CLASS - XI BUSINESS STUDIES (SESSION: 2020-21)

ACHAPTER – 10 – INTERNATIONAL TRADE

Multiple choice questions: one mark each

1. International trade includes
a. Export trade
b. Import trade
c. Entrepot trade
d. All of the above
2. The document which is issued by the shipping company as an instruction to the captain of the
ship that the specified goods after their customs clearance at a designated port be received o
board is known as
a. Shipping bill
b. Shipping order
c. Mate‟s receipt
d. Bill of lading
3. Name the document which serves as an evidence that shipping company has accepted the
goods for carrying to the designated destination
a. Carting order
b. Mate‟s receipt
c. Bill of lading
d. Shipping order
4. Shipment advice is issued by the
a. Importer to the exporter
b. Exporter to the importer
c. Exporter to the shipping company
d. Shipping company to the exporter
5. A Performa Invoice is issued by the
a. Importer to the exporter
b. Exporter to the importer
c. Exporter to the shipping company
d. Shipping company to the importer

1 MARK QUESTIONS. (Answer in one sentence)

1. Define international trade.

2. What is the fundamental reason for international business?
3. Which mode is the most traditional mode of entering into international business?
4. Mention any two major documents related to payment in foreign trade.
5. What is IEC number?
6. What is full form of DGFT?
7. Name any four principal export document?
8. What is Airway Bill?

3 MARKS QUESTIONS (50 – 75 words)

9. Define letter of credit.

10. Explain difference between international trade and internal trade on any three basis.
11. Explain any three problems involved in international trade.
4, 5 MARKS QUESTIONS. (About 150 words)

12. Write short notes on

a. Indent

b. Mate‟s receipt

c. Shipping order

d. Bill of Lading.

13. Enumerate the complexities involved in international business.

14. Discuss the process involved in securing payment for exports.
15. Explain briefly the process of customs clearance of export goods.

6 MARKS QUESTIONS (about 200 words)

16. Explain the procedure for exporting to London by Sea route.

17. A Delhi merchant wishes to import tinned milk from Australia. Describe the procedure he
must adopt to obtain the goods.
18. Explain the role of WTO.
19. Explain foreign trade promotion measures and schemes started by the government.

20. Write Short notes on:

a. Contract manufacturing
b. Licensing and franchising
c. Joint Venture