CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


CBSE Class 11 Business Studies

Check significant inquiries and answers of CBSE Class 11 Business Studies (Chapter 1: Business, Trade and Commerce ). A large portion of the inquiries and answers gave here depend on the NCERT course book and most recent CBSE Class 11 Business Studies Syllabus 2020. These inquiries and answers are significant for the arrangement of the up and coming CBSE Class 11 Business Studies test 2020.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


CBSE Class 11 Business Studies class 11 part 1 Business, Trade and Commerce: Important Questions and Answers

Q 1-Explain the various types of monetary exercises.

Ans-The various types of monetary exercises are referenced beneath:

Calling It can be characterized as an occupation that requires information on the particular field. Callings contrast from one another as far as aptitudes required and the information that you have.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Business-It is exchanging a wide range of merchandise and ventures to acquire benefit.

Work In this, an association employs individuals to accomplish a shared objective and pays the month to month compensation as a byproduct of their administrations. Representatives are employed to take a shot at a standard premise based on their aptitudes for a specific activity. Aside from the fiscal advantages, the association additionally gives non-money related advantages, for example, recompenses, and so on.

Q 2-Explain quickly the targets of the business.

Ans-The targets of the business can be portrayed in three habits:

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Imaginative The most significant goal of any business is advancement. Age of new thoughts offers approach to business, its strategies and aides in achieving objectives.

Profitability For the business to prosper, it is imperative to have efficiency. It tends to be estimated by contrasting the estimation of yield and the estimation of the info.

Benefits The reason for any business is to acquire a benefit. The expansion in the level of benefits showed the positive development of a business.
Q 3-Name the businesses which offer help to different enterprises.

Ans-Tertiary industry is known for outfitting backing to the essential and optional businesses.

Q 4-What is the importance of Maritime Trade.

Ans-Maritime exchange alludes to the exchanging and sending of products through water bodies, especially ocean. This type of exchange was favored during old occasions.

Q 5-What are the variables that must be considered while beginning a business? Examine.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


While beginning a business, the proprietor must think about different sorts of components. Aside from the capital and assets, there are different components like buyer request or area. Both the positive and negative variables must be thought about. Check a portion of the significant variables which she or he ought to assess while beginning a business:

Area While setting up a business, area is one factor that must be thought about. It is significant that the picked area has the necessary crude materials, assets and framework. The accomplishment of the business likewise relies upon the interest for the item in that area.

Effective Workforce-It is significant that the workforce associated with the business has the necessary expertise and information. The achievement of a business relies upon the common vision of both the proprietor and workers. It must be noticed that the individuals designated on both the administrative and laborer level suits the position.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Account One of the most unmistakable components of any business is fund. Aside from the capital contributed, the everyday money related necessities are likewise imperative to maintain a smooth business. There must be adequate money related assets at the hour of the emergencies.

Determination of Business-Choosing the line of a business relies upon the necessary specialized information on the business person. Aside from that what will be future market request of the item, accessibility of assets, benefit is a portion of the things to be considered while choosing the business line.

Q 6-Explain quickly why Insurance is known as a tertiary industry.

Ans-Insurance is a significant help administration for both the Primary and Secondary Industries. Tertiary enterprises are the ones that offer administrations to various sorts of associations and businesses. It encourages them blossom and make them progressively associated with the buyers.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Q 7-Explain the significance of benefit in business.

Ans-The beginning of a business is with the sole motivation behind procuring benefit. The expansion in salary impacts the future development of the business also, as a major aspect of that benefit is put resources into the business. The level of benefit shows that the development of the business is the correct way. Gaining benefit is significant for any business, showing that arrangements and methodologies are working the correct way.

Q 8-Which were the significant fares and imports in old India?

Ans-The major sent out items in old India were indigo, opium, wheat, sugar, flavors, cotton, and so forth. It additionally included creature items, for example, skins, tortoise, shells, gems, sapphires, and so on.

The imported items at the hour of antiquated India involved gold, creature items, ponies, tin, copper, lead, glass, flax and cloth, Chinese silk, and so on.
Q 9-What is Industry? Clarify its sorts by giving models.

Ans-Industry is characterized as a financial movement that includes the transformation of crude material into helpful products. This term is utilized for the organizations delivering comparable items in plenitude.

There are different sorts of businesses:

Essential Industry-This industry includes the acquirement of crude materials. The essential business includes the handling and extraction of normal assets as their crude material and afterward convert them into a consumable structure. The instances of the Primary business are Mining, Fishing, Agriculture, and so forth.

Optional Industry-They are additionally considered assembling enterprises that take crude materials. In the wake of outfitting and enhancing them, the auxiliary business changes over them to the last item which can be devoured by the client. It very well may be additionally named the assembling and development businesses also.

Tertiary Industry-This industry is the foundation of both the Primary and Secondary businesses. The tertiary business encourages the smooth working of the two enterprises. Known as a specialist organization, the tertiary business incorporates the correspondence division, transport segment. A portion of the significant instances of the tertiary business additionally include banking, credit offices, and so on.

Q 10-What is trade?

Ans-Commerce implies the control of the business. It includes the exchanging of various products, administrations. It is a significant piece of the business that includes trading things of significant worth and administrations among the substances or organizations.

Q 11-Define the significance of business.

Ans-The word business is gotten from the word 'occupied with', which means the individual is occupied with an action that procures him benefit. The reason for business is to include in the exchanging of products and ventures which is exceptionally sought after and will increment in the benefit of the representative.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Q 12-What is Business? Notice in any event 5 of its attributes in detail.

Ans - Business is that monetary action which comprises of exchanging products and enterprises to procure benefit consequently. The expansion of yield from the contributed information implies the positive development of a business.

The five fundamental qualities of the business are referenced in the focuses underneath:

The exchanging of products and enterprises to win benefit is one of its principle qualities. The medium through which this trade happens is cash.

Any type of business includes acquiring crude materials including the semi-outfitted products which are then handled. The cost of the merchandise is then decided through this worth expansion, making the expense of the last item and administrations somewhat higher.

One of the significant qualities of any business is to decide customer conduct. It is constantly useful to comprehend the requirements of the client which will prompt an expansion sought after. Fulfilling the customer's needs should be the primary thought process of any business.

Business hazard is likewise one of the qualities. The danger of business going wiped out is constantly included as long as the exchanging of merchandise and enterprises is occurring.

The trading of products and enterprises happens all the time. Secured crude materials are outfitted which includes esteem and the last items are then exchanged the market. It ought to be noticed that the business includes numerous arrangements of exchanges of the item in the market.

Q 13-What is Business Risk?

Ans-Business hazard implies the plausibility of unforeseen conditions which may prompt the disappointment of the business. There can be numerous reasons including the lessening in the interest for the item. It tends to be because of the adjustment in purchaser request or changing monetary circumstances.

CBSE Exam 2020: Check Important Questions and Answers for Class 11 Business Studies - Chapter 1 Business, Trade and Commerce


Post a Comment

1 Comments