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    PK Worksheet BS Class 11

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    Krish Patidar
    This document contains a worksheet for a Class 11 business studies chapter on the nature and purpose of business. It includes multiple choice questions and short answer questions about topics like the definition of business, objectives of business, types of business activities, and forms of business organizations. For example, it asks students to define terms like risk and industry, differentiate between business, profession and employment, and explain why businesses earn profits. It also contains questions about sole proprietorships, partnerships, joint Hindu families, private and public companies.

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    PK Worksheet BS Class 11

    Uploaded by

    Krish Patidar
    121 views6 pages
    This document contains a worksheet for a Class 11 business studies chapter on the nature and purpose of business. It includes multiple choice questions and short answer questions about topics like the definition of business, objectives of business, types of business activities, and forms of business organizations. For example, it asks students to define terms like risk and industry, differentiate between business, profession and employment, and explain why businesses earn profits. It also contains questions about sole proprietorships, partnerships, joint Hindu families, private and public companies.

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    PK Worksheet BS class 11

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    This document contains a worksheet for a Class 11 business studies chapter on the nature and purpose of business. It includes multiple choice questions and short answer questions about topics like the definition of business, objectives of business, types of business activities, and forms of business organizations. For example, it asks students to define terms like risk and industry, differentiate between business, profession and employment, and explain why businesses earn profits. It also contains questions about sole proprietorships, partnerships, joint Hindu families, private and public companies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    121 views6 pages

    PK Worksheet BS Class 11

    Uploaded by

    Krish Patidar
    This document contains a worksheet for a Class 11 business studies chapter on the nature and purpose of business. It includes multiple choice questions and short answer questions about topics like the definition of business, objectives of business, types of business activities, and forms of business organizations. For example, it asks students to define terms like risk and industry, differentiate between business, profession and employment, and explain why businesses earn profits. It also contains questions about sole proprietorships, partnerships, joint Hindu families, private and public companies.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Worksheet

    Subject -Business studies

    Class - XI

    Chapter 1- Nature and purpose of business


    Q1. Fill in the blanks:

    a. _______ helps the businessmen to overcome the problems of funds.


    b. Reward for professional is called ______.
    c. The ______ creates a link between producers and consumers.
    d. ______ provides coverage from various types of risk.
    e. In ________ the basic raw material is broken into different parts to produce finished
    goods.
    f. ________ trade involves completion of various rules and regulation.
    g. In business the reward of bearing risk is _______.
    h. _________ are related to change in technology.
    i. Economic causes are related to change in ___________.
    j. _______ depends on the nature and size of the business.

    Q2. Multiple choice question :

    a. Which of the following can be classified as a trade.


    i) Insurance iii) warehousing
    ii) Mining iv) transport
    b. Which of the following cannot be classified as an objective of business
    i) Sale of goods iii) investment
    ii) Productivity iv) profit earning
    c. Which of the following is an non economic activities
    i) patriotic activities iii) work in factory
    ii) manager in bank iv) profit earning
    d. the industries which provide support services to other industries
    i) commercial industries iii) primary industries
    ii) secondary industries iv) tertiary industries
    e. business risk is arises due to
    i) uncertainties iii) size of business
    ii) nature of business iv) all of these
    Q3. Match the column:

    1. economic activities employment


    2. salary cosmetics
    3. business work in factory
    4. employment generation earning profit
    5. synthetic industry profession
    6. riots social objectives
    7. prayer in the church non-economic activities
    8. removing hindrance of knowledge human causes
    9. charted accountant economic objectives
    10. growth advertising

    Q4. Answer the following in one word:

    a. Define risk.
    b. Which type of industry is banking?
    c. Ram ltd. Is planting tress on road side. Which objectives is it trying to achieve?
    d. Which type of industry is television?
    e. Name the economic activity in which specialised knowledge is required.
    f. What are the basic difference between business, profession and employment?
    g. Name the services which helps in removing of time.
    h. Name the two factors kept in mind while setting up an enterprises.
    i. Name the service which helps in removing of time.

    Q5. Define business?

    Q6. Why do business earn profit?

    Q7. “Profit is not an objective but a requirement of business” o you agree with this
    statement? Support your answer with reason.

    Q8. Business involves only sale and exchange of goods for profit . Do you agree with this.

    Q9. What is peculiar feature of construction industry?

    Q 10. Why is commerce considered as a backbone of industry and other business activities?

    Q11. Define business risk. Nature of business risk?

    Q12. Explain the objectives of business?

    Q13. Describe the concept of business and characterstics of it.

    Q14. Define business risk and its causes?


    Q15. Differentiate between industry, commerce and trade.

    Q16. Differentiate between economic and non economic activities.

    Q17. Differentiate between business, profession and employment.

    Q18. Why does businessmen willingly undertake business risk?

    Q20 Why business considered as economic activity?

    Q21. Explain in detail the classification of business activities on the basis of their function.

    Q22. “Earning of profit cannot be the objective of business any more than the eating is the
    objective of living.” Do you agree with this statement? Give reason to support your answer.

    Q23. Define insurable risk?

    Q24. What is meant by industry?

    Q25. Explain activities which are related to auxiliaries to trade?

    Chapter 2- Forms of Business Organisations


    Q1. Fill in the blanks:

    a. Table A is model set of _____ articles.


    b. ___________ is the process by which a joint stock company is registered.
    c. Memorandum of association is also known as ___________.
    d. The document containing the terms and condition of partnership agreement is
    known as__________.
    e. A minimum of 10 persons are required to form a ___________.

    Q2. Multiple choice question:

    1. The maximum number of partners allowed in the banking business are


    i) Twenty iii) Ten
    ii) No limit iv) Two
    2. Profits do not have to be shared. This statement refers to:
    i) Partnership iii) Joint Hindu family
    ii) Sole proprietorship iv) Company
    3. Application for approval of name of a company is to be made to
    i) SEBI iii) registrar of companies
    ii) Government of India iv) state government
    4. In cooperative society the principle followed is
    i) One share one vote iii)one man one vote
    ii) No vote iv) multiple votes
    5. Stages in the formation of public company are in the following arder
    i) Promotion, commencement
    ii) Incorporation, capital subscription, commencement of business, promotion
    iii) Promotion, incorporation, capital subscription, commencement of business
    iv) capital subscription, promotion, incorporation, commencement if business

    Q3. True and False:

    1. Article of association is the main document of a company.


    2. A prospectus is issued by private company.
    3. Karta in joint Hindu family has unlimited liability.
    4. A company can not ratify preliminary contracts after incorporation.
    5. A partner whose association with the firm is unknown to general public is sleeping
    partner.
    6. Preliminary contract are signed after incorporation.
    7. Signatories of memorandum of association are the first director of company.
    8. It is mandatory for partnership firm to registered firm.
    9. Co-operative society is considered separate from its member.
    10. A company passed ordinary resolution for alteration in objective clause.

    Q4. Very short/ one word: ( 1 marks)

    1. Name the form of organization found only in India.


    2. Name the type of partnership which is formed to accomplish a specific project for a
    specific time.
    3. Name the documents which defines the object and powers of the company.
    4. Who elect the boards of directors in joint stock company?
    5. Which documents called as charter of the company?
    6. Which form of business gives all rights even to the minor member.
    7. It is compulsory for a private ltd. Company to issue prospectus.
    8. Name the smallest unit in which the capital of a company is divide.
    9. State any one consequence of non registration of partnership firm.
    10. Who performs all the activities during the promotion stage?

    Q5. Explain the following terms:

    1. Artificial person
    2. Common seal
    3. Perpetual succession
    4. Prospectus
    5. Partnership deed

    Q6. What is meant by partner estoppels? Explain.

    Q7. Enumerate the various types of co-operative societies.

    Q8. what are the function of promoter?

    Q9. What are the consequences of non-registration of partnership firm?

    Q10. State three advantages of joint Hindu family.

    Q11. What is prospectus? It is necessary for every company to file prospectus?

    Q12. Distinguish between

    1. Memorandum of association & Article of association


    2. Public and private company
    3. Forms of organization (all)
    4. Preliminary contracts and provisional contracts

    Q13. “one man control is the best in the world if that man is big enough to manage
    everything”. Explain.

    Q14. Define partnership deed. Discuss its main contents.

    Q15. What is the effect of conclusiveness of the certificates of incorporation and


    commencement of business?

    Q16. Describe the legal status of a promoter.

    Q17. Explain the steps in the incorporation stage.

    Q18. List the factors that help in selecting a suitable form of organization.

    Q19. Explain the procedure of alteration of memorandum of association.

    Q20. Define partnership? Explain merits and demerits of partnership.

    Q21. “A private company avoids many of defects of public company.”

    Q22. “A company is said to be an artificial person created by law, having separate entity
    with perpetual succession and a common seal.” Discuss the above statement.

    Q23. Compare the status of a minor in a Joint Hindu Family with that in a partnership firm.
    Q24. Explain the meaning and contents of AOA.

    Q25. In which form of organization is a trade agreement made by one owners binding on
    the others? Give reason.

    Q26. It is necessary for a public company to get its share listed on a stock exchange? What
    happens if a public company going for a public issue fails to apply to a stock exchange for
    permission to deal in its securities or fails to get such permission?

    Q27. What is statement in lieu of prospectus?

    Q28. Define company .Explain its features?

    Q29. A company got registered with an illegal object. Can the registration be questioned?

    Q30. State the reason s for issuing prospectus.

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