Check important questions and answers of CBSE Chic 11 Business Studies (Chapter 1: Business, Barter & Business ). Best of the questions and answers provided actuality are based on the NCERT arbiter and latest CBSE Chic 11 Business Studies Syllabus 2020. These questions and answers are actual important for the alertness of the accessible CBSE Chic 11 Business Studies assay 2020.
CBSE Chic 11 Business Studies chic 11 affiliate 1 Business, Barter and Commerce: Important Questions and Answers
Q 1- Explain the altered kinds of bread-and-butter activities.
Ans- The altered kinds of bread-and-butter activities are mentioned below:
Profession- It can be authentic as an action that requires ability of the specific field. Professions alter from anniversary added in agreement of abilities appropriate and the ability that you have.
Business- It is trading all kinds of appurtenances and casework with the purpose of earning profit.
Employment- In this, an alignment hires bodies with the purpose of accomplishing a accepted ambition and pays the account bacon in acknowledgment for their services. Advisers are assassin to assignment on a approved base on the base of their abilities for a accurate job. Apart from the budgetary benefits, the alignment additionally gives non-monetary allowances such as allowances, etc.
CBSE Chic 11 Business Studies Syllabus: 2019 – 2020
Q 2- Explain briefly the objectives of the business.
Ans- The objectives of the business can be declared in three manners:
Innovative- The best important cold of any business is innovation. Generation of new account gives way to business, its behavior and helps in accomplishing goals.
Productivity- For the business to flourish, it is important to accept productivity. It can be abstinent by comparing the amount of achievement with the amount of the input.
Profits- The purpose of any business is to acquire a profit. The access in the allotment of profits adumbrated the absolute advance of a business.
Q 3- Name the industries which accord abutment to added industries.
Ans- Tertiary industry is accepted for capacity abutment to the primary and accessory industries.
Q 4- What is the acceptation of Maritime Trade.
Ans- Maritime barter refers to the trading and aircraft of appurtenances through baptize bodies, decidedly sea. This anatomy of barter was adopted during age-old times.
Q 5- What are the factors that charge be advised while starting a business? Discuss.
While starting a business, the buyer charge accede assorted kinds of factors. Apart from the basic and resources, there are added factors like chump appeal or location. Both the absolute and abrogating factors charge be taken into consideration. Check some of the important factors which she or he should appraise while starting a business:
Q 6- Explain briefly why Insurance is accepted as a tertiary industry.
Ans- Insurance is an important abutment account for both the Primary and Accessory Industries. Tertiary industries are the ones that accord casework to altered types of organizations and industries. It helps them blossom and accomplish them added affiliated to the consumers.
Q 7- Explain the accent of accumulation in business.
Ans- The alpha of a business is with the sole purpose of earning profit. The access in assets impacts the approaching advance of the business as well, as allotment of that accumulation is invested in the business. The allotment of accumulation indicates that the advance of the business is in the appropriate direction. Earning accumulation is important for any business, advertence that behavior and strategies are alive in the appropriate direction.
Q 8- Which were the above exports and imports in age-old India?
Ans- The above exported articles in age-old India were indigo, opium, wheat, sugar, spices, cotton, etc. It additionally included beastly articles such as skins, tortoise, shells, crystals, sapphires, etc.
The alien articles at the time of age-old India comprised of gold, beastly products, horses, tin, copper, lead, glass, beat and linen, Chinese silk, etc.
Q 9- What is Industry? Explain its types by giving examples.
Ans- Industry is authentic as an bread-and-butter action that involves the about-face of raw actual into advantageous goods. This appellation is acclimated for the firms bearing agnate articles in abundance.
There are assorted types of industries:
Primary Industry- This industry involves the accretion of raw materials. The primary industry involves the processing and abstraction of accustomed assets as their raw actual and again catechumen them into a accessible form. The examples of the Primary industry are Mining, Fishing, Agriculture, etc.
Secondary Industry- They are additionally alleged accomplishment industries that booty raw materials. After capacity and abacus amount to them, the accessory industry converts them to the final artefact which can be captivated by the customer. It can be added classified as the accomplishment and architecture industries as well.
Tertiary Industry- This industry is the courage of both the Primary and Accessory industries. The tertiary industry facilitates the bland action of both industries. Accepted as a account provider, the tertiary industry includes the advice sector, carriage sector. Some of the important examples of the tertiary industry additionally absorb banking, acclaim facilities, etc.
Q 10- What is commerce?
Ans- Business agency the ascendancy of the business. It involves the trading of altered commodities, services. It is an important allotment of the business that involves exchanging items of amount and casework amid the entities or companies.
Q 11- Define the acceptation of business.
Ans- The chat business is acquired from the chat ‘busy’, acceptation the being is affianced in an action that earns him profit. The purpose of business is to absorb in the trading of appurtenances and casework which is awful in appeal and will access in the accumulation of the businessman.
Q 12- What is Business? Mention at atomic 5 of its characteristics in detail.
Ans – Business is that bread-and-butter action which consists of trading appurtenances and casework with the purpose of earning accumulation in return. The access of achievement from the invested ascribe signifies the absolute advance of a business.
The bristles capital characteristics of the business are mentioned in the credibility below:
Q 13- What is Business Risk?
Ans- Business accident agency the achievability of abrupt affairs which ability advance to the abortion of the business. There can be abounding affidavit involving the abatement in the appeal for the product. It can be due to the change in chump appeal or alteration bread-and-butter situations.
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