BST Ch.1-CBQs

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Chapter 1: Business, Trade and Commerce

Case Based Questions


1. Kiran produces goods not for the purpose of sale but for personal consumption. Will it she a business activity? Why?

2. Piyush cooks food at his home for his family whereas Rishab cooks food and sells it to others in restaurant. Who is
engaged in business activity?

3. Mr. Bhim is a Chartered Accountant in a Multinational Company. He gets Rs. 75,000 per month as his salary. On
weekends, Mr. Bhim goes to nearby village and teaches some slum children, he does not charge anything from them.
He does it out of sympathy and concern for poor children. This gives him mental and psychological satisfaction.
(a) Working as CA in a MNC refers to which type of human activity?
(b) Teaching students in slum is which type of human activity.

4. Ranjit wants to start a whole-sale business of readymade garments, but he is hesitating as it involves various
problems such as custom for moving goods from place of production to market, informing customers about new
designs and varieties added every season, threat of risk loss by fire or accident, storing the excess stock of goods, etc.
He approaches his friend Sandy who explained him about some branches of commerce, which can help Ranjit to
overcome his hesitation.
1. State the type of business Ranjit is planning to start.
2. Specify different types of Auxiliaries to trade which can help Ranjit to overcome his problems. Quote the line
for each type from above para.

5. Neer Ltd. is a popular company manufacturing water coolers. Its product is very much liked by people in the market.
The traders are in a race to become the company's distributors. The company had been earning huge profits for many
years. However, in the year 2022, the company's half yearly report shows a great decline in the company's profit. The
top management is worried about this. A team of specialists from outside is appointed to solve this serious problem.
After a thorough examination, the specialists presented the following reasons for the decline in the profits of the
company: Increase in competition and change in taste of the consumers, Theft of cash and goods by the employees.
Identify and explain the two causes of decline in profits.

6. Soild Construction Pvt. Ltd. deals in constructing building, bridges, roads and dams by using cement, steel, bricks
and wood. There are 1000 employees in all working in this company. The managing director of the company, Mr.
Shyam, takes full care of the quality of work done. Recently, the company got a contract of constructing five big
buildings, two bridges, one long road and one dam. The company has got a special division also, which owns one
hundred trucks. These trucks are used for transporting goods on hire. This division is working quite successfully under
the supervision of the divisional manager, Radha.
Identify and state two types of industrial activities from the above para by quoting the lines.

7. Karan is running a grocery shop in the nearby local market whereas his friend Priyanshu works as a finance manager
in a reputed IT company. In context of the above case:
(i) Identify the different type of economic activities both the friends are engaged in.
(ii) Distinguish between the two different types of economics activities as identified in part(i)(on any three basis)

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