Vishal Mega Mart is India's largest Fashion-led hypermarket chain with a footprint of over 204 stores, cumulative trading area in excess of 3 million square feet, in over 110 cities and towns across India.
Vishal is sharply focused at the needs of consumers in Apparel, General Merchandise, Grocery and Personal Care in Tier-L, Tier-2 and Tier-3 cities and towns and is dedicated to offer the best value and choice to its millions of customers.
Vishal offers clearly differentiated value to customers in the following product categories for which it has three departments.
(a) Fashion: Fresh, trendy and affordable fashion comprising latest Apparel, Footwear & Lifestyle accessories collection across Men's, Women's & Kid's.
(b) General Merchandise: Catering to all the household needs such as Kitchen-ware, Home Furnishings, Luggage & Travel Accessories, HomelKitchen Appliances, Toys & Sports etc. at best prices
(c) Grocery and Household Needs: Catering to all daily needs with an extensive Grocery & Staples, Packed Food, Branded Personal Care and Household Needs products.
Which type of large scale retail trade is being referred to here?
How many departments are there?
Mention two merits of the type of large scale retail trade identified in part I.
Mention two demerits of the type of large scale retail trade identified in part I.
 

The retail sector of Indian economy is categorized into two segments such as organized retail sector and unorganized retail sector. The latter holds larger share of the retail market. The key drives of the growth in retail consumption in India are basically
(i) Clothes, Textile & Fashion Accessories
(ii) Food, Grocery & General Merchandise
The top 10 companies which have the most shares in organized retail market of India are:

Organized retail that has arrived in different formats as follows;
Organized retail that has arrived in different formats as follows;
(a) Hyper markets
(b) Cash and Carry
(c) Supermarkets
(d) Discount Stores
(e) Department Stores
(f) Convenience Stores
(g) Neighborhood stores
(h) MBO (Multi-Brand Outlets)
Organized retailing in India has been largely explored in urban or in metro cities. It's largely successful in NCR and Mumbai Region and major parts of southern portion of India. The entry of Malls, the largest form of organized retailing, which are located mainly in metro cities, in proximity to urban outskirts turned out to be a catalyst for Organized retailing.
Source: https:/ / dartconsulting.cco.in/market- new/stop-10 retail-chains-in-India-success-stories-of-organized-retailing-and-stories-of-organised-retail-failure-in-india/.
Which type of large scale retail trade reliance fresh is engaged in?
Give three features of this type of organization.
Identify two values that these large scale retail organizations communicate to the society.

Delhi Consumer's Cooperative Wholesale Store Ltd is a registered society under Delhi Cooperative Societies Act. It was registered in the year 1962. It was set up for supplying Consumer goods to its affiliated various Primary Consumer cooperative Stores functioning in various parts of the metropolis. The need for establishment of this society arose during the post China aggression period when the prices of the essential commodities went sky-high in the market due to over-all shortages of consumer goods created by the traders by hoarding stocks for profiteering. The society was required to make bulk procurement of essential consumer goods from the sources and supply the same to the affiliated Primary stores & to public at large on reasonable prices, to enable those stores to sell the consumer goods to the public at lower prices than those prevailing in the open market.
The main objective of the Store is:-
(a) To supply consumer goods to the public at reasonable rates through its Primary Consumer's Cooperative Stores and public through retail outlets of Apna Bazar functioning in the length and breadth of the Metropolis;
(b) To supply stationery items and other general goods at competitive prices to the Govt. Schools, Govt. Offices, Para Military Forces and other officials and non-officials Organizations;
(c) Functioning as nominated agency of the government for the sale of liquor through its 75 retail outlets set up in various parts of the city;
(d) Tq.assist government in distribution of scares items of consumer goods during the period of temporary shortage to overcome the difficulties of the general consumers and
(e) to supply dietary items to those Government Department like Social Welfare DepartmentJNGOs which are engaged in the service of down-trodden, handicapped, old and destitute on reasonable rates.
1.Give three features of consumer cooperative society.
2.Which principle is followed by it in decision making?
3.How does it utilize its profits?
4.Identity two values that cooperative society communicates to the society.

Super markets are large retailing business units selling variety of consumer goods under one roof. They operated on low margin and have self-service facility.
Generally these are located in shopping centers. Goods are kept in such a way that consumer can see all that is available and choose what he wants. They take a trolley, pick up what they like, put it in the trolley, go to cash counter, pay, and take their goods after showing bill to the guard.
These generally operate like departmental stores but unlike departmental stores, they do not provide services like free home delivery, credit facilities, etc. they generally also not hire any sales staff to promote sales.
1. Discuss three features of super markets.
2. Differentiate between super market and departmental store.

Sanjeev and Rajeev are two friends. They are arguing on channel of distribution. Sanjeev claims that wholesalers are of no use and must be eliminated from chain of distribution. But Rajeev opines that wholesalers playa significant role in distribution. He claims that wholesaler provides many facilities to manufacturers and retailers. Rajeev is not convinced. He feels that middlemen only add to cost and hence goods should reach from manufacturer t final consumer directly.
1.Who of the two is right in your opinion and why?
2. Mention two services that wholesalers provide to manufacturers.
3. Mention two services that wholesalers provide to manufacturers.

Maruti Suzuki strives to minimize the carbon footprint of its manufacturing facilities, products and supply chain operations. The Company believes that investing in environment friendly technologies makes business sense as it brings good returns in the medium to long term.
The environment policy of the Company promotes energy conservation, 3Rs (Reduce, Reuse and Recycle),green procurement, environment friendly mobility and environment consciousness among its direct stakeholders. Going beyond compliance, the Company works closely with its parent company, Suzuki Motor Corporation, to introduce the latest environment friendly technologiesin India, much ahead of statutory requirements. Maruti Suzuki became the first automobile company in India to register a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC). In due course, the Company will earn tradable carbon credits. The Company sends all its hazardous waste to the cement industry for co-processing. All new vehicles are free of hazardous substances and comply with European End of Life vehicle regulations. The Company is working towards continuously improving the fuel efficiency of its cars.
The Company has designed and implemented various initiatives to achieve zero injury and fatality. These included a rigorous work permit system and an online incident reporting system called Work Safe Online, through which incidents including nearmiss cases are captured and reported. The Safety and Welfare Department ensures workplace safety, undertakes awareness and training programmes and executes a safety activity plan that is planned and rolled out each month. In addition to plant level safety committees, departmental safety committees have been formed. The Central Safety Leadership Council(CSLC)comprises top management from all business verticals and reviews safety performance of the Company on a quarterly basis.
All contractors and service providers working within the Company premises are required to observe 'Safety, Health and Environment' conditions. Separate training and awareness sessions are organised to sensitize them on occupational safety.
Source: https: / / www.marutisuzuki.com/social-performance.aspx
Quoting lines from the above passage, mention social responsibilities that Maruti Suzuki is fulfilling.

Maruti Suzuki strives to minimize the carbon footprint of its manufacturing facilities, products and supply chain operations. The Company believes that investing in environment friendly technologies makes business sense as it brings good returns in the medium to long term.
The environment policy of the Company promotes energy conservation, 3Rs (Reduce, Reuse and Recycle),green procurement, environment friendly mobility and environment consciousness among its direct stakeholders. Going beyond compliance, the Company works closely with its parent company, Suzuki Motor Corporation, to introduce the latest environment-friendly technologies in India, much ahead of statutory requirements. Maruti Suzuki became the first automobile company in India to register a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC). In due course, the Company will earn tradable carbon credits. The Company sends all its hazardous waste to the cement industry for co-processing. All new vehicles are free of hazardous substances and comply with European End of Life vehicle regulations. The Company is working towards continuously improving the fuel efficiency of its cars.
The Company has designed and implemented various initiatives to achieve zero injury and fatality. These included a rigorous work permit system and an online incident reporting system called Work Safe Online, through which incidents including nearmiss cases are captured and reported. The Safety and Welfare Department ensures workplace safety, undertakes awareness and training programmes and executes a safety activity plan that is planned and rolled out each month. In addition to plant level safety committees, departmental safety committees have been formed. The Central Safety Leadership Council(CSLC)comprises top management from all business verticals and reviews safety performance of the Company on a quarterly basis.
All contractors and service providers working within the Company premises are required to observe 'Safety, Health and Environment' conditions. Separate training and awareness sessions are organised to sensitize them on occupational safety.
Source: https: / / wwnw.marutisuzuki.com/social-performace.aspx
Do you think it will affect earning capacity of the company adversely? Justify your answer.

Ten years ago only about a dozen Fortune 500 companies issued a CSR or sustainability report. Now the majority does. More than 8,000 businesses around the world have signed the UN Global Compact pledging to show good global citizenship in the areas of human rights, labor standards and environmental protection. The next generation of business leaders is even more likely to prioritize CSR. According to data released this month by Net Impact, the nonprofit that aims to help businesses promote sustainability, 65% of MBAs surveyed say they want to make a social or environmental difference through their jobs. Consumer Protection Act, 1986 and jago grahak jago campaigns have made consumers aware of their rights and businesses cannot afford to ignore their duties towards consumers.
Today, amid a lingering recession that has dented corporate profits and intensified pressure from shareholders, companies are devising new CSR models. Rather than staffing a modest CSR department - and slapping it on the org chart as a small offshoot of the public relations (PR) or philanthropy division - many companies are instead trying to embed CSR into their operations because they have realized threat social interest and business interest are closely connected. Workers are no more illiterate. They are aware of their rights and in these situations, companies cannot afford to ignore their duties towards labour.
Quoting lines from the above passage clarify reality of social responsibility.

Demonenonetization has led to a boom in e-business. It has proved to be a boon for e-business. In this cashless economy, people have started relying on digital cash. Usage of debit cards, credit cards has increased a great deal. People are ordering more and more goods using e-shopping. Amazon, Flipkart, Paytm have become a way of life. Small shopkeepers, street hawkers, and peddlars are also accepting payments through e-cash. India is becoming digital economy.
(a) What are the factors that have led to popularization of e-business with demonetization?
(b) How are payments through digital cash useful for the business world?

Demonetization in India led to the need for cashless economy. It had a great impact on banking industry. Banks were overflowing with old currency on the one hand and were in cash crisis for new currency. Gradually the problem smoothened but now a hawker and peddler are accepting Paytm, mpesa and other forms of digital cash. Promotion of "mera mobile mera batuaa" concept motivated even the cobbler, hair cutters, vegetable and fruit vendors and other small service providers to accept digital cash and cashless forms. Popularity of plastic money (debit and credit cards) also increased.
(a) In the light of above facts, discuss the importance of banking in business and trade.
(b) How will demonetization create new aids to trade?

Sanjana obtained a life insurance policy of her husband. After 5 years, her husband dies of cancer. At the time of policy also Sanjana and her husband were aware of the disease but they did not disclose it to the insurance company.
(a) Can she claim the amount of policy from the insurance company?
(b) Identify the principle of insurance involved.
(c) Explain two more principles of insurance.

A person gets his house insured, but he hides the fact that he stores petrol in his house. His house catches fire. He does not bother to minimize the loss as he felt that his house is insured so it is not his headache to make an effort to minimize the loss.
(a) Can he claim compensation?
(b) State the name of principles involved.
(c) Explain these principles.

Mr. X applied for a loan from State Bank of India to expand his shop under Pradhan Mantri Mudra Yojna. Later he purchased a home by taking a home loan from bank. Then he purchased a car on EMI financed by a bank. He also has a saving account with the bank. All his EMIs are getting deducted from his saving account. He has also taken a locker facility from the bank where he keeps his important documents and valuables.
(a) Identify primary functions of commercial bank that Mr. X is availing of.
(b) Identify agency functions of commercial bank Mr. X is availing of.
(c) Identify general utility functions of commercial bank Mr. X is availing of.

One fine day, government announced some policy which was against the interests of truck drivers. As a result, all truck drivers went on strike. Strike continued for three days. It created a calamity kind of situation in the country. People started facing problems even for basic needs. Businesses had to pay labour without work. Many factories could not•..be operational. Many others had to send goods at a higher price to maintain their market. It led to rise in prices of even basic goods. Ultimately government has to accept the demands of truck drivers so that they discontinue the strike.
(a) In the light of above facts, discuss importance of transportation in business and trade.
(b) How can transportation strike create calamity kind of situation?

There is an organization in most traditional form of public sector enterprises which are established by the departments of the ministry and are considered part or an extension of ministry itself. It is not autonomous or independent legal institution. It acts through the government.
(a) Which type of organization is being referred to in above lines?
(b) Explain any two merits of this organization?
(c) Explain any two demerits of this organization?

In an organization, there are 51% shares are owned by central government. It has a separate legal entity and it is established under the Indian Companies Act, 2013 and is registered and governed by the provisions of Indian Companies Act, 2013. It is established for purely business purposes and compete with the companies in private sector in true spirit.
(a) Identify the form of organization being referred to in above lines.
(b) Explain any two merits of this form of organization.
(c) Explain any two demerits of this form of organization.
(d) Give two examples of this form of organization.

It is an organization which is a public enterprise. It came into existence by a special Act of the parliament. Its powers and functions, rules and regulations governing its employees and its relationship with government departments are defined by the ActJ statute. It is a corporate body created by the legislature with defined powers and functions and is financially independent. It has a clear control over a particular type of commercial activity or a specified area. It has a separate legal entity, i.e. in the eyes of law, it is a different person.
(a) Identify the form of organization being referred to in above lines.
(b) Explain any two merits of this form of organization.
(c) Explain any two demerits of this form of organization.
(d) Give two examples of this form of organization.

Anjana and Babita are best friends. Both of them are commerce students. Anjana tells Babita that all government undertakings have common features and all organizations under Public Sector enjoys same merits and demerits. Babita tells Anjana that it is not true. There are many forms of Public Sector undertaking and each form has its own merits and demerits.
(a) Who of the two is right?
(b) Name different forms of organizations in public sector.
(c) Give three points of difference in these forms of organizations.

Public sector has a concern for social welfare and private sector has an advantage of innovation and efficiency. Private sector is crazy for profit and public sector is lacking efficiency. In this situation, it is really a problem which form of organization is suitable.
(a) Is there any form of organization which combines benefits of both? Identify and name it.
(b) Give two merits of this type of organization
(c) Give two demerits of this type of organization.

Court has banned use of plastic bags. Puja is engaged in business of selling fruits . and vegetables. She has to now buy paper bags which are costlier than plastic bags. It will help a business in attainment of some objectives and will hamper some other objectives. Identify these.

Rajiv is running a cloth shop. Some of the clothes get out of fashion and cannot be sold. Some of these get damaged in store. He gets them repaired from a mahila ashram and donates to an orphanage home. Which objectives are getting fulfilled here?

A lady sells newspapers to a lumberman. She claims to her husband that she has started with a business. Husband claims that it is not business because she is not doing it regularly but she clams that she sells newspapers every month. Is it a business? Clarify.

Kayco limited is manufacturing detergents. They decided to launch a new range of herbal products. As they are in a hurry, they have tested products on animals only. The necessary information is missing on the package. The management also plans to launch a new factory in a tribal area where the required products are easily available and labour men and women and children are available for work at low wages.
(i) Which values do you find missing in the above para?
(ii) Will the decision to install a new unit in a tribal area help society?

Anju is working in an organization which is engaged in making garments. There is no class conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the employees. Company is also planning to open five new branches. Identify the objectives that are getting fulfilled here.

Which of the following is not an insurable risk?

Profits are necessary for:

Equity shareholders are called:

Which one of the following is not amongst India's major import items?

Which of the following documents is not required in connection with an import transaction?

Which of the broad categories of industries covers, oil refinery and sugar mills?

Which of the following cannot be classified as an objective of business?

Which of the following is not a business activity?

Which of the following is a cause of business risk?

Which of the following is an example of genetic industry?

Which of the following cannot be classified as an auxiliary to trade? 

The occupation in which people work for others and get remunerations in return is known as

The industries which provides support services to other industries are known as

Which of the following is not an insurable risk?

Which of the following is a cause of business risk?

Compare business with profession and employment.

Why does business need multiple objectives? Explain any five such objectives.

"Earning of profits is the main objective of a business and other objectives are there to aid it only." Do you agree? Justify your answer.

X is interested in the floatation of a company. Briefly discuss the steps he should take.

"The basic rationale of public sector has changed significantly." In the light of this statement explain any four initiatives taken by the government

Why is business considered an economic activity?

What are various types of industries?

For which of the following types of business do you think a partnership firm of organization would be more suitable, and why?
(i) Grocery store
(ii) Medical store
(iii) Legal consultancy
(iv) Craft centre
(v) Internet cafe
(vi) Chartered accountancy firm

Define promoter. What are the functions of a promoter?

Multinational Companies have done more harm than good. Explain.

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

What are the two important functions of factors?

What is the role of District Industries Centre for the growth of small business in India?

Who are Itinerants?

Name the machine in which goods are bought and sold by inserting coins.

Rekha Garments has received an order to export 2000 men's trousers to Swift Imports Ltd. located in Australia. Discuss the procedure that Rekha Garments would need to go through for executing the export order.

Discuss the principal documents used in exporting.

List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade

What is World Bank? Discuss its various objectives and role of its affiliated agencies

What is IMF? Discuss its various objectives and functions.

Explain the steps of export procedure.

Why is export promotion necessary?

Explain different organizations involved in export promotion or facilitating foreign trade.

Write a note on the functions of World Bank

Explain all the documents used in export procedure.

What is international business? How is it different from domestic business?

"International business is more than international trade". Comment.

What benefits do firms derive by entering into international business?

In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.

Discuss briefly the factors that govern the choice of mode of entry into international business.

Mention different types of Chambers of Commerce in India. Explain any one.

Explain the services of a wholesaler to a retailer, consumer and general services.

Explain the meaning, features, advantages and disadvantages of super market.

What are the differences between departmental stores and multiple shops?

Mention and define the documents which are used in internal trade.

What are the measures taken by the Government to solve the problem of finance in the small scale sector?

What do you mean by small business? Describe the feature of small scale enterprise.

Describe briefly the problems of small scale enterprises.

What incentives have been taken by government to promote small scale industries?

Highlight the role of the small business in promoting economic growth and solving other socio-economic problems.

Explain trade credit and bank credit as sources of short term finance for business enterprises.

Discuss the sources from which a large industrial enterprise can raise capital for financing modernisation and expansion.

What advantage does issue of debentures provide over the issue of equity shares?

State the merits and demerits of public deposits and retained earnings as methods of business finance.

Discuss the financial instruments used in international financing.

Build up arguments for and against social responsibilities.

Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.

'Business is essentially a social institution and not merely a profit making activity.' Explain.

Why do the enterprises need to adopt pollution control measures?

What steps can an enterprise take to protect the environment from the dangers of pollution?

Why are E-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.

Elaborate the steps involved in online trading.

Evaluate the need for outsourcing and discuss its limitations.

Discuss the salient aspects of B2C commerce.

Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.

A person took an insurance policy and did not disclose that he is a patient of caner. Which value is missing in this case?

What are services? Explain their distinct characteristics.

Explain the functions of commercial banks with an example of each.

Write a detailed note on various facilities offered by Indian Postal Department.

Describe various types of insurance and exercise the nature of risks protected by each type of insurance.

"International business is more than international trade". Comment.

What benefits do firms derive by entering into international business?

Discuss briefly the factors that govern the choice of mode of entry into international business.

Discuss the major trends in India's foreign trade. Also list the major products that India trades with other countries.

What is invisible trade? Discuss salient aspects of India's trade in services.

Discuss the features of a departmental store. How are they different from multiple shops or chain stores?

Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?

Mention different types of Chambers of Commerce in India. Explain any one.

Name and define different large scale retail shops.

What are the differences between departmental stores and multiple shops?

How do small scale industries contribute to the socio-economic development of India?

Describe the role of small business in rural India?

Discuss the problems faced by small scale industries.

What are the incentives provided by the government for industries in backward and hilly areas?

What are the measures taken by the Government to solve the problem of finance in the small scale sector?

Explain trade credit and bank credit as sources of short term finance for business enterprises.

Discuss the sources from which a large industrial enterprise can raise capital for financing modernisation and expansion.

What advantage does issue of debentures provide over the issue of equity shares?

State the merits and demerits of public deposits and retained earnings as methods of business finance.

What is a commercial paper? What are its advantages and limitations?

Explain the characteristics of business.

Compare business with profession and employment.

Explain with examples the various types of industries.

Describe the activities relating to commerce.

Why does business need multiple objectives? Explain any five such objectives.

What do you understand by a sole proprietorship firm? Explain its merits and limitations

Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.

Discuss the characteristics, merits and limitations of the cooperative form of organization. Also describe briefly different types of cooperative societies.

Distinguish between a Joint Hindu family business and partnership.

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization. Why?

Describe the Industrial Policy 1991, towards the public sector.

What was the role of the public sector before 1991?

Can the public sector companies compete with the private sector in terms of profits and efficiency? Give reasons for your answer.

Why are global enterprises considered superior to other business organizations?

What are the benefits of entering into joint ventures and public private partnership?

Elaborate the steps involved in online trading.

Discuss the salient aspects of B2C commerce.

Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.

Show the anatomy of outsourcing.

"E-commerce is the need of the hour." Comment.

Build up arguments for and against social responsibilities.

'Business is essentially a social institution and not merely a profit making activity.' Explain.

What steps can an enterprise take to protect the environment from the dangers of pollution?

Explain the various elements of business ethics.

Explain the need for social responsibility.

Why is it necessary to get registered with an Export Promotion Council?

What is pre-shipment finance?

Discuss the procedure related to excise clearance of goods.

What is Bill of Lading? How does it differ from bill of entry?

What is a Letter of Credit? Why does an exporter need this document?

Discuss any three advantages of international business.

What is the major reason underlying trade between nations?

Discuss as to why nations trade.

Enumerate limitations of contract manufacturing.

Why is it said that licensing is an easier way to expand globally?

Specify the characteristics of fixed shop retailers.

How does market information provided by wholesalers benefit the manufacturers?

Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?

How would you differentiate between street traders and street shops?

Explain the services offered by the wholesalers to the manufacturers.

What are the different parameters used to measure the size of business?

What is the definition used by government of India for Small Scale Industries?

How would you differentiate between an ancillary unit and a tiny unit?

State the features of cottage industries.

Small business is business at small scale. Do you agree? Explain.

What is business finance? Why do businesses need funds? Explain.

What is the difference between internal and external sources of raising funds? Explain.

Name any three special financial institutions and state their objectives.

Discuss SEBI guidelines regarding issue of Indian Depository Receipts.

Why does business enterprise need finance?

What do you understand by social responsibility of business? How is it different from legal responsibility?

What is environment? What is environmental pollution?

What is business ethics? Mention the basic elements of business ethics.

Briefly explain (a) Air pollution, (b) Water pollution, and (c) Land pollution.

What are the major areas of social responsibility of business?

What are services? Explain their distinct characteristics.

Explain the functions of commercial banks with an example of each.

Write a detailed note on various facilities offered by Indian Postal Department.

Describe various types of insurance and exercise the nature of risks protected by each type of insurance.

Explain in detail the warehousing services.

Describe the Industrial Policy 1991, towards the public sector.

What was the role of the public sector before 1991?

Why are global enterprises considered superior to other business organizations?

What are the benefits of entering into joint ventures and public private partnership?

Explain the main features of Multinational Company.

Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.

Discuss the characteristics, merits and limitations of the cooperative form of organization. Also describe briefly different types of cooperative societies.

Distinguish between a Joint Hindu family business and partnership.

Explain different types of partners.

Explain meaning, features, merits and demerits of partnership firm.

What are the functions of commerce?

Differentiate between insurable risks and non-insurable risks.

Explain the characteristics of business.

Explain with examples the various types of industries.

Explain the concept of business risk and its causes.

State any three differences between E-business and traditional business.

How does outsourcing represent a new mode of business?

Describe briefly any two applications of E-business.

What are the ethical concerns involved in outsourcing?

Describe briefly the data storage and transmission risks in e-business.

Define services and goods.

What is e-banking? What are the advantages of e-banking?

Write a note on various telecom services available for enhancing business.

Explain briefly the principles of insurance with suitable examples.

Explain warehousing and its functions.

Explain the concept of Public Sector and Private Sector.

State the various types of organizations in the private sector.

What are the different kinds of organizations that come under the public sector?

List the names of some enterprises under the public sector and classify them.

Why is the government company form of organization preferred to other types in the public sector?

For which of the following types of business do you think a partnership firm of organization would be more suitable, and why?
(i) Grocery store
(ii) Medical store
(iii) Legal consultancy
(iv) Craft centre
(v) Internet cafe
(vi) Chartered accountancy firm

Explain the following terms in brief:
(i) Perpetual succession
(ii) Common seal
(iii) Karta
(iv) Artificial person

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

How does a cooperative society exemplify democracy and secularism? Explain.

What is meant by 'partner by estoppel'? Explain.

State the different types of economic activities.

Why is business considered an economic activity?

Explain the concept of business.

How would you classify business activities?

What are various types of industries?

Give full form of EPZ and SEZ.

Name any two WTO Agreements.

Name the most important document used in import.

Explain the term FOB.

Which certificate is necessary to prove that goods are produced in the home country itself?

Out of international trade and international business which one is wider in scope?

What is the basic reason behind international trade?

Give one point of difference between licensing and franchising.

When a middleman is involved in handling export procedure, then it is called by what name?

Licensee or franchisee pays a fee to licensor or franchisor. What is it called?

What do you mean by internal trade?

Who are Itinerants?

Name any two Itinerants.

Large quantity buying is characteristic of which trade?

Used goods are bought and sold in which type of shops.

What is the purpose of NABARD?

Name any two institutions specially set up to promote small scale enterprises.

Give full from of SIDBI.

Give full from of NABARD.

Give one feature of Cottage Industries.

Give the full form of GDR and ADR.

State various sources of long term funds.

State various sources of short and medium term funds.

What are the preferences given to preference shareholders?

Name two sources of funds under owner's fund.

Define corporate social responsibility.

What is the relation between ethics and moral values?

What do you mean by the principles derived from social values which guide and govern the conduct of businessmen?

Mention two responsibilities of business towards customers.

Give any two reasons supporting social responsibilities.

Which of the following documents are not required for obtaining an export license?

Which of the following documents is not required in connection with an import transaction?

Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?

The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

Which of the following does not belong to the World Bank group?

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as

Which one of the following modes of entry requires higher level of risks?

Which one of the following modes of entry permits greater degree of control over overseas operations?

Which one of the following is not amongst India's major export items?

Which one of the following is not amongst India's major import items?

What is meant by internal trade?

Specify the characteristics of fixed shop retailers.

What purpose is served by wholesalers providing warehousing facilities?

How does market information provided by wholesalers benefit the manufacturers?

How do the wholesalers help the manufacturer in availing the economies of scale?

What are the different parameters used to measure the size of business?

What is the definition used by government of India for Small Scale Industries?

How would you differentiate between an ancillary unit and a tiny unit?

State the features of cottage industries.

How do small scale industries contribute to the socio-economic development of India?

Equity shareholders are called:

The term 'redeemable' is used for

Funds required for purchasing current assets is an example of

ADRs are issued in

Public deposits are the deposits that are raised directly from

Social responsibility is

If business is to operate in a society which is full of diverse and complicated problems, it may have

Business people have the skills to solve

That an enterprise must behave as a good citizen is an example of its responsibility towards

Environmental protection can best be done by the efforts of

e-commerce does not include:

Outsourcing:

The payment mechanism typical to e-business

A Call Centre handles:

It is not an application of e-business:

A government company is any company in which the paid up capital held by the government is not less than

Centralised control in MNC's implies control exercised by

PSE's are organizations owned by

Reconstruction of sick public sector units is taken up by

Disinvestments of PSE's implies

DTH services are provided by_________.

The benefits of public warehousing includes  ____________

Which of the following is not a function of insurance?

Which of the following is not applicable in Life Insurance contract?

CWC stands for __________

The Karta in Joint Hindu family business has:

The board of directors of a joint stock company is elected by:

The capital of a company is divided into number of parts each one of which are called

The Head of the Joint Hindu family Business is called

Provision of residential accommodation to the members at reasonable rates is the objective of

Which of the broad categories of industries covers, oil refinery and sugar mills?

Which of the following cannot be classified as an auxiliary to trade? 

Business risk is not likely to arise due to

Explain the concept of business.

What are various types of industries?

Which of the following documents are not required for obtaining an export license?

Which of the following documents is not required in connection with an import transaction?

Which of the following do not form part of duty drawback scheme?

Which one ofthe following is not a document related to fulfill the customs formalities?

Which one of the following is not a part of export documents?

In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee.

Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as

Which of the following is not an advantage of exporting?

Which one of the following modes of entry requires higher level of risks?

Equity shareholders are called:

The term 'redeemable' is used for

Funds required for purchasing current assets is an example of

ADRs are issued in

Public deposits are the deposits that are raised directly from

Social responsibility is

If business is to operate in a society which is full of diverse and complicated problems, it may have

Business people have the skills to solve

That an enterprise must behave as a good citizen is an example of its responsibility towards

Environmental protection can best be done by the efforts of

e-commerce does not include:

Outsourcing:

E-business and E-commerce are:

When was Electronic Data Interchange (EDI) standardised?

In B2B, B2C, C2C etc B and C stand for:

DTH services are provided by_________.

The benefits of public warehousing includes  ____________

Which of the following is not a function of insurance?

Which of the following is not applicable in Life Insurance contract?

CWC stands for __________

A government company is any company in which the paid up capital held by the government is not less than

Centralised control in MNC's implies control exercised by

Which of the following is a departmental undertaking?

In which form of public sector enterprise, private individuals can also become shareholders?

Which of the following is most suitable when purpose is to generate revenue for the government?

The structure in which there is separation of ownership and management is called

In a cooperative society the principle followed is:

The maximum number of partners allowed in the banking business are:

Profits do not have to be shared. This statement refers to:

The capital of a company is divided into number of parts each one of which are called

Which of the following does not characterise business activity?

Which of the broad categories of industries covers, oil refinery and sugar mills?

Which of the following cannot be classified as an auxiliary to trade? 

The occupation in which people work for others and get remunerations in return is known as

The industries which provides support services to other industries are known as

Which of the following documents are not required for obtaining an export license?

A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as

Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?

Which of the following does not belong to the World Bank group?

TRIP is one of the WTO agreements that deal with:

Which of the following is not an advantage of exporting?

Which one of the following modes of entry requires higher level of risks?

Which one of the following modes of entry permits greater degree of control over overseas operations?

Which one of the following modes of entry brings the firm closer to international markets?

Which one of the following is not amongst India's major export items?

What do you mean by internal trade?

Who are Itinerants?

Goods with little defects are sold in which type of shops?

Give the full form of FICCI.

What is meant by Automatic vending machines.

What is the purpose of NABARD?

Give full from of NABARD.

Name the institution which was set up in 1982 to promote integrated rural development.

Name the apex bank set up to provide direct and indirect financial assistance to small scale sector.

What is the parameter used by the government to identify service enterprise?

Equity shareholders are called:

The term 'redeemable' is used for

Public deposits are the deposits that are raised directly from

Under the factoring arrangement, the factor

Internal sources of capital are those that are

Social responsibility is

That an enterprise must behave as a good citizen is an example of its responsibility towards

Environmental protection can best be done by the efforts of

Which of the following can explain the need for pollution control?

Which of the following alone can ensure effective ethics programme in a business enterprise?

e-commerce does not include:

A Call Centre handles:

It is not an application of e-business:

E-business and E-commerce are:

When was Electronic Data Interchange (EDI) standardised?

DTH services are provided by_________.

Which of the following is not a function of insurance?

Give full form of ATM

Name the controlling authority of telecom services in India

Sports insurance is not available for:

A government company is any company in which the paid up capital held by the government is not less than

Centralised control in MNC's implies control exercised by

PSE's are organizations owned by

In which form of public sector enterprise, private individuals can also become shareholders?

Which of the following is most suitable when purpose is to generate revenue for the government?

The structure in which there is separation of ownership and management is called

The Karta in Joint Hindu family business has:

In a cooperative society the principle followed is:

The board of directors of a joint stock company is elected by:

The maximum number of partners allowed in the banking business are:

Which of the following does not characterise business activity?

Which of the broad categories of industries covers, oil refinery and sugar mills?

Which of the following cannot be classified as an auxiliary to trade? 

The occupation in which people work for others and get remunerations in return is known as

The industries which provides support services to other industries are known as