Multiple choice questions : Solutions of Questions on Page Number : 308 Q1 :Which of the following document are not required for obtaining an export license? (a) IEC number (b) Letter of credit (c) Registration cum membership certificate (d) Bank account number Answer : To obtain an export licence, an exporter requires an IEC (Importer Exporter Code) number, a registration-cum-membership certificate and a bank account number. However, a letter of credit is not required for obtaining an export licence. A letter of credit is issued by the bank of an importer guaranteeing payments to the exporter’s bank. Hence, the correct…
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Multiple choice questions : Solutions of Questions on Page Number : 275 NCERT Solution Class 11 Business Studies Chapter – 11 International Business-I Q1 :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 (a) Licensing (b) Contracted (c) Joint venture (d) None of these Answer : Under the licensing model, a domestic manufacturer (licensor) grants licence to a foreign manufacturer (licensee) to use its intellectual property such as patent and trademark. Hence, the correct answer…
Short answers long answers : Solutions of Questions on Page Number : 249 NCERT Solution Class 11 Business Studies Chapter – 10 Internal Trade Q1 :What is meant by internal trade? Answer : Internal trade refers to the process of exchanging goods and services within the national boundaries of a country. In other words, the buying and selling of goods and services within the domestic territory of a country is known as internal trade. Purchases of goods from a local shop, a mall or an exhibition are all examples of internal trade. The government does not levy customs or import…
Short answers : Solutions of Questions on Page Number : 223 Q1 :What are the different parameters used to measure the size of the business? Answer : The following are the various parameters that are used to measure the size of a business. (a) Number of people hired in the business (b) Amount of capital invested in the business (c) Volume or value or units of output produced by the business (d) Power consumption by the business in carrying out its activities Q2 :What is the definition used by Government of India for small scale industries? Answer : The Government…
Multiple choice questions : Solutions of Questions on Page Number : 205 Q1 :Equity shareholder are called (a) Owners of the company (b) Partners of the company (c) Executives of the company (d) Guardian of the company Answer : The equity shareholders of a company are called its owners. They are also known as residuals claimants, or residual owners, as the dividends which they receive are the part of profits which is left after making or settling all the other claims of the company. Hence, the correct answer is option (a). Q2 :The term ‘redeemable’ is used for (a) Preference…
Multiple choice questions : Solutions of Questions on Page Number : 178 Q1 :Minimum number of members to form a private company is (a) 2 (b) 3 (c) 5 (d) 7 Answer : As per the law, a minimum of two members are required to form a private company. Hence, the correct answer is option (a). Q2 :Minimum number of members to form a public company is (a) 5 (b) 7 (c) 12 (d) 21 Answer : According to the law, a minimum of seven members are required to form a public company. Hence, the correct answer is option (b).…
Multiple choice questions : Solutions of Questions on Page Number : 156 Q1 :Social responsibility is (a) Same as legal responsibility (b) Broader than legal responsibility (c) Narrower than legal responsibility (d) None of them Answer : Social responsibility is broader than legal responsibility. Social responsibility implies the obligation on a business firm to undertake economic activities that contribute towards the overall welfare and development of society and its members. It is a much broader concept than legal responsibility, as legal responsibility can be fulfilled by merely complying with the law, whereas social responsibility deals with the overall welfare of…
Multiple choice questions : Solutions of Questions on Page Number : 137 Q1 :e-commerce does not include (a) A business’s interaction with its suppliers. (b) A business’s interactions with its customers. (c) Interactions among the various departments within the business (d) Interactions among the geographically dispersed units of the business. Answer : e-commerce does not include interactions among the various departments within a business. This is because inter-department interactions that take place among the departments of a business enterprise are not related to trade. On the other hand, interactions between a business and its suppliers and customers, and among its…
Multiple choice questions : Solutions of Questions on Page Number : 108 Q1 :DTH services are provided by ____________________. (a) Transport companies (b) Banks (c) Cellular companies (d) None of the above Answer : Direct-to-home (DTH) services are provided by cellular companies to transmit media-related services to their customers. They use satellites for transmitting information to enable their customers to watch multiple television channels of their choice by installing a small dish antenna and a set-top box. Hence, the correct answer is option (c). Short answerslong answersmultiple choice questions : Solutions of Questions on Page Number : 109 Q1 :Define…
Multiple choice questions : Solutions of Questions on Page Number : 75 Q1 : A government company is any company in which the paid-up capital held by the government is not less than (a) 49 percent (b) 51 percent (c) 50 percent (d) 25 percent Answer : In a government company, the paid-up capital held by the state or central government is at least 51 percent of the total shares. In case the percentage of shares held by the government falls below 51, then the organisation cannot be regarded as a government company. In case, the government holds 49 per…