Exercise Solutions Available
Step-by-step answers for all textbook questions in this chapter
Services in Business
1-Mark Questions
1. Name the Central Bank of India. 2. NABARD provides credit to which sector? 3. What is a Co-operative bank? 4. Name the principle where the insurer takes over the insured's rights after paying the claim. 5. What type of warehouse requires customs duty payment before goods are released?
3-Mark Questions
1. Explain primary functions of commercial banks. 2. Distinguish between life insurance and non-life insurance. 3. Compare road transport and rail transport. 4. State three advantages of warehousing.
5-Mark Questions
1. Explain the types of banks in India with examples. 2. Describe the principles of insurance in detail. 3. Explain the types of warehouses.
Business Finance
1-Mark Questions
1. What is financial planning? 2. Define working capital. 3. What is commercial paper? 4. Name two long-term sources of finance. 5. What is factoring?
3-Mark Questions
1. Distinguish between equity shares and debentures. 2. Explain three short-term sources of finance. 3. State the factors affecting working capital.
5-Mark Questions
1. Explain the sources of long-term finance for a business. 2. Describe the importance of financial planning. 3. What is capital structure? Explain the factors determining capital structure.
Stock Exchange
1-Mark Questions
1. Where is BSE located? 2. What is the index of NSE? 3. What is a demat account? 4. Name the two depositories in India. 5. What is T+1 settlement?
3-Mark Questions
1. Distinguish between BSE and NSE. 2. Explain any three functions of SEBI. 3. State the advantages of demat accounts.
5-Mark Questions
1. Explain the trading mechanism of a stock exchange. 2. Describe the functions of SEBI under its three categories. 3. Explain the primary and secondary market differences.
Marketing
1-Mark Questions
1. What is marketing mix? 2. Name the four stages of Product Life Cycle. 3. What is a trademark? 4. What is penetration pricing? 5. Full form of B2C.
3-Mark Questions
1. Explain the 4Ps of marketing mix briefly. 2. Distinguish between advertising and personal selling. 3. State three advantages of e-commerce.
5-Mark Questions
1. Explain the stages of PLC with a diagram. 2. Describe the factors influencing consumer behaviour. 3. Explain the promotional mix with examples.
Consumer Protection
1-Mark Questions
1. Under which act is the District Consumer Forum established? 2. What is the pecuniary limit of the National Commission? 3. Name the government awareness campaign for consumers. 4. What is CCPA?
3-Mark Questions
1. State any three rights of consumers. 2. Explain the three-tier consumer redressal system. 3. What are unfair trade practices? Give examples.
5-Mark Questions
1. Explain all six rights of consumers under the CPA 2019. 2. Describe the functions of consumer organisations. 3. Explain the features of Consumer Protection Act 2019.
Entrepreneurship Development
1-Mark Questions
1. What is an intrapreneur? 2. When was Startup India launched? 3. What is the turnover limit for a micro enterprise under MSME 2020? 4. Full form of PMEGP.
3-Mark Questions
1. State any five qualities of a successful entrepreneur. 2. Explain the MSME classification with 2020 limits. 3. What are the challenges faced by entrepreneurs?
5-Mark Questions
1. Explain the features and benefits of Startup India. 2. Describe the importance of MSMEs in India's economy. 3. Explain the qualities of a successful entrepreneur in detail.