BRIGHT RIDERS SCHOOL, ABUDHABI

Grade XI-Business Studies

Summer vacation Worksheet 2022-23

1. Saranya sells her designer jewellery to her friend at a profit of ₹. 3,500. Will it be
considered as a business? State the feature of business which is being highlighted in the
given example.
2. “An activity can be an economic activity in one situation and non-economic in another
situation”. Do you agree? Give an example to justify the given statement.
3. Which hindrance of commerce is highlighted in the following activities?
 It removes the geographical separation between producers and consumers.
 Warehousing facilitates holding of goods till they are required.
 Advertising informs the consumers about the goods and services available in the market.
 Trade provides an organized market where buyers and sellers can contact each other.
 Banking and Financing Institutions provide necessary funds to carry on business activities.
 Insurance protects the goods in case of damage due to theft, fire, accidents.
4. Tata Power is planting trees on roadside of several big cities. Name the objective in which
Tata Power is engaged.
5. 4)List the names of any three enterprises in the public sector and classify them.
6. 5)What are the different kinds organizations that come under the pubic sector?
7. “Earning of profit is regarded as the main objective of the business.” Explain by giving any
four reasons.
8. What are the benefits available for two businesses agree to join together for a common
purpose and mutual benefit? Explain with examples about equity based and contractual
based Joint venture.
9. How can you distinguish synthetical industry from analytical industries?
10. What do you mean by secret partner?
11. What do you mean by unlimited liability in case of one-man business?
12. Define the term Prospectus.
13. What do you mean by perpetual succession?
14. Name the document, which is used to resolve the conflict among partners.
15. Which certificate is required by a public limited company to start its business operations?
16. Explain the role of minimum subscription at the time of issue of shares.
17. Define the concept of e-Business highlighting its scope.
18. What are the benefits and of e-business?
19. Distinguish between traditional business and e-business.
20. Distinguish between e-commerce and e-business.
21. The data stored in the computer may be stolen or modified to achieve personal motive. Name the
type of risk highlighted in the given statement.

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ASSERTION AND REASONING
OPTIONS
a) Both A and R are correct and R is the correct explanation of A
b) Both A and R are correct and R is not the correct explanation of A
c) A is true but R is false
d) A is false but R is true

1. Assertion(A): Departmental undertaking is most suitable when national security is concerned.

Reason(R): Departmental undertaking is established under a Special Act of the Parliament.

2. Assertion(A): Statutory corporation is a corporate person and has capacity to act on its own
name

Reason(R): They have the power of Government and operating flexibility of private enterprises.
3. Assertion(A): There is a need for separate legislation of the Parliament for formation of
government company.

Reason(R): Government company can be established by fulfilling requirements of the Indian

Companies Act.

4. Assertion (A): A partner has no power to act in an emergency for protecting the firm from loss
Reason R: Not every partner has a right to retire by giving notice where the partnership is at
Will.

5. Assertion: As compared to the sole proprietorship, a company has large financial resources.
Reason: The formation of a company does not require a lot of legal requirements. It is easy to
form

6. Assertion (A) It is easy to maintain secrecy about operation of a cooperative society.

Reason (R) The Cooperative society exemplifies the idea of democracy and hence finds support
from the government.
7. Assertion (A): Obsessed with profit, business managers may neglect all other responsibilities
towards customers, employees, investors and society at large.

Reason (R): There is hardly any sizable business enterprise whose only objective is maximization of
profit.
8. Assertion (A): For centuries, pepper remained the reason for rivalry and conflict between various
empires and trade powers to dominate the route for its trade.

Reason (R): It was in the search for an alternate route to India for spices that led to the discovery of
America by Columbus in the closing years of 15th century and also brought Vasco da Gama to the shores
of Malabar in 1498.

9. Assertion (A): Speculative risks involve both the possibility of gain, as well as, the possibility of
loss.
Reason (R): Speculative risks arise due to changes in market conditions, including fluctuations in
demand and supply.

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3 Marks
1. What are the various kinds of partnership?
2. “Consumers Co-operative stores are formed to protect the consumer’s common interest.”
Discuss.
3. MNCS establish themselves in developing countries to enjoy huge profits by selling
consumer goods or luxury items. They start business by offering wide variety of goods at
prices cheaper than local retail offers. But once they are established, they increase prices.
4. Internet is responsible for the popularity of the phrase: ‘Networked individual and firms are
more efficient than networked individuals.’ What does this mean?

4 Marks
1. What do you mean by business? Explain its essential features?
2. What are the merits of HUF form of business organization?
3. “Consumers Co-operative stores are formed to protect the consumer’s common interest.”
Discuss.?
4. www.olx.in, www.quickr.com etc. are examples of websites used to conduct business.
Dipti’s sofa set got spoiled in rain. Her friend suggested that she could change the fabric so
that it looks new and put it for sale on www.olx.in. Dipti followed her friend’s advice and
got her sofa repaired so that it looks better and uploaded nicely clicked pictures on
www.olx.in without disclosing the fact that it was damaged from inside. She found a
customer and sold it for Rs.9,000. After one week the buyer found the real state of sofa and
called Dipti but she did not answer any of the call.
a) Name the type of business in the above case.
b) Which values did Dipti ignore while selling her sofa set?
c) Explain any two advantages and disadvantages of e-commerce.

HOTS QUESTIONS:

1. The business assets of an organization amount to ₹ 75,000 but the debts remain unpaid are
₹ 1,00,000. What course of action can the creditors take if?
a) The organization is a sole proprietorship firm?
b) The organization is a partnership firm with Anita and Ambika as partners? Which of
the two partners can the creditors approach for repayments of debt? Explain giving
reasons.

2. Rohini is all set to sell toys for infants. She has almost decided to start her own production,
but her friend suggested her to import them from China. Advise Rohini’s what factors she
should consider before making her decision to import or manufacture.

3. Mr. Gokul is for a foreign assignment for a period of five years. He sold all his furniture
and earned money more than he had spent to purchase the same, Will it be considered as a
business? Also explain the characteristics of business which is being stressed upon in the
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 above said example.

4. ‘There are three major categories of economic activities. Though all these involve earning
money, they differ from each other significantly.’ Explain this difference on five basis.

5. ‘In business, there are some activities which provide support to performing activities
related to industry and trade.’ Mention the name by which these activities are known and
explain. 

6. You are Rajat, a marketing manager in Global Infotech pvt ltd. You have been in constant
touch with the Production Manager, Mr.Abhishek Saxena, of your firm through computer
network. You have been discussing with him the requirements of products based on the
present demand in the market and suggesting him various strategies to enhance the
production level in order to meet the raised demand. What type of E-commerce you are
indulged in? Suggest various measures which can be taken by both the departments to
coordinate with each other and fulfil the requirements of business.

7. You are the governor of Reserve Bank of India. Recently you have been invited for a panel
discussion to share your views regarding the breach of autonomy in Statutory Corporations
by the government through its policies and procedures. You are required to list out certain
arguments depending upon your intellect either supporting the above-mentioned topic of
discussion or opposing it.
8. Identify the form of public sector enterprises in the following cases: Departmental / Statutory /
Government

a. It is under the control of concerned minster of the department.

b. It enjoys maximum autonomy in all management activities.
c. Minimum 51% of the paid- up capital is held by the government.
d. This enterprise is more suitable when national security is concerned.
e. These enterprises are set up under a special act of parliament.