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The National Mission for Clean Ganga (NMCG) is organising the annual ‘Ganga Utsav’ on November 2nd , 3rd & 4th, 2020 on a virtual platform. Sorry!, This page is not available for now to bookmark. The solutions provided here cover all exercises given at the end of the chapter Business Studies. (c) Government Company (d) All of the above Appreciate the role of small business in India. A Private company can start its business immediately after its incorporation. Answer: Procedure for Registration: In order to get a partnership firm registered an application in the prescribed form must be filed with the Registrar of Firms. Question 7. Procedure for conducting, voting and proxy. (ii) Common Seal: The expression ‘Common Seal’ is not defined in the Companies Act, 1956. Answer: Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization because of following merits: I. (b) 5. The Utsav will involve storytelling, folklores, & dialogues with eminent personalities, quizzes, display of traditional... Aryabhata Ganit Challenge (AGC) has been initiated by the CBSE Board to enhance mathematical abilities among students in the year 2019. Answer: (a) Beauty Saloon: Sole Proprietor is the right form of business because: (b) Garments Shop: Sole Proprietor is the right form of business because: (c) Garment Factory: Partnership is more suitable because: Question.5. Features: Question 4. Identify the social responsibility towards different interest groups. (i) Limited liability (ii) Unlimited liability He is not bound to save, economise or invest. The NCERT Class 11 Commerce Business Studies starts with the basic concepts of business and eventually moves on to more complicated topics such as international business. Download Class 11 Business Studies NCERT Solutions in pdf free. Chapter - Wise NCERT Solutions Class 11 Business Studies. They will find chapter wise solutions for each subject which can be downloaded. In that there is no comparable office or institution in any other system in the world. NCERT Solutions 2021 for Class 11 are Prepared by Subject … What is the minimum number of persons required to form a co-operative society? Limited resources: The financial resources of any small business as an individual is limited. (iii) Interest (ii) Share Select chapter number to view NCERT Solution chapter wise. Answer: Differences between Joint Hindu family systems and sole proprietorship are given below: In a Joint Hindu family business, only the ‘Karta’ is personally liable to an unlimited extent, i.e., his self-acquired or other separate property besides his share in the joint family property is liable, for debts contracted on behalf of the family business. Question 1. Identify the incentives and schemes available for international firms. The application should contain the following information: The application should be signed and verified by each partner. The sole proprietorship business is not free from criticism. Explain different types of partners. ; Copy of registrar’s letter approving the company’s name; Notice of the exact address of the registered office. In such a manner, a proper flow remains. Question 6. makes the proprietorship business unsuitable for large-scale business. A company comes into end only when it is liquidated according to provision of the Companies Act. They will also be able to identify if they are lagging behind in specific areas. The Head of the Joint Hindu family Business is called (i) Proprietor (ii) Director Enter pincode to get tutors in your city. Question 5. (iii) Shareholders (iv) Employees (ii) 3. State benefits of switching over to electronic mode. This study resource possesses an intense knowledge and the Solutions collated by the subject matter experts are no different. Specify the important stages in the formation of a company. A person is free to join a cooperative society, and can also leave anytime as per his desire. 4. Explain meaning, features, merits and demerits of partnership firm. How does a cooperative society exemplify democracy and secularism? Subscription of capital, If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Thus, the entrepreneur as sole proprietor can arrive at quick decisions concerning the business by which he can take the advantage of any better opportunities. Analyse the relationship between business and environmental protection. Ans. Even if at all the business passes on to the successor of the proprietor, it is unlikely that they may pose the business acumen like that of the proprietor. Discuss the characteristics, merits and limitations of the cooperative form of organization. Provision of residential accommodation to the members at reasonable rates is the objective of This means that the Karta need not divide the income generated from the joint family property equally among the family members. (c) Joint Hindu Family (d) Cooperatives Answer: Partnership is considered by some to be relatively unpopular form of business ownership because: Question 3. Question 6. Different financing options are discussed which ranges from a conventional source of funds, i.e., banks, to that of investors. So hurry up and download the solutions now! The intend of this article is to let us know the significance of writing within the prescribed word limit while attempting the CBSE Board Examination. Answer: Sole proprietorship will be more suitable for grocery store, medical store, and internet cafe because: Question 2. Question 3. Appreciate the scope of business process outsourcing. Explain. Chapter 4 encompasses the different types of services extended by businesses and the broad categorisation of the same. NCERT Solutions Class 11 Business StudiesBusiness Studies Sample Papers, I. Higher Order Thinking Skills (HOTS) Apart from the fact that subject experts have framed the Business Studies Class 11 NCERT solutions, the presentation of the same makes it extremely easy for students to prepare the subject. For which of the following types of business do you think a partnership firm of organization would be more suitable, and why? 1. 1. It cannot claim adjustment for any sum exceeding Rs 100. Choose the type of business in which sole proprietorship is very suitable. As had been explained earlier, his position/ office is independent and there is no comparable office in any system in the world. If you have been working hard all this time to prepare Business Studies Class 11 NCERT for exam, referring to the solution PDF would further boost your preparation. Explain the merits and limitations of partnership. Question 1. Explain the concept of social responsibility. It will create more employment opportunities. Suppose an unregistered firm owes ? (c) 10. A Private Company is not required to issue or file a prospectus or statement in lieu of prospectus with the Registrar of Companies. It suffers from certain limitations and drawbacks, because of its very nature and scope of operations. He has unlimited powers and even though he acts on behalf of other members, he is not a partner or agent. Question 4. All Chapter wise Questions with Solutions to help you to revise complete Syllabus and Score More marks in … Question 10. Discuss the need for social responsibility. 1200 to A and A owes Rs 1000 to the firm the firm cannot enforce adjustment of ? 3. The NCERT Solutions for CBSE Class 11 Commerce Business Studies at TopperLearning help students learn the subject thoroughly. II. His eyes are on everything and everyone. The students who are in Class 11 and have the NCERT affiliated Business Studies Books can check this page to know the solutions for all the chapters of Business Studies book. The solutions not only help explain the exercise questions but also the unit- and page-wise questions.

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