UMA KRISHNA EDUCATIONAL FOUNDATION

GRADE 11 CBSE
BUSINESS STUDIES (054)
SUMMER HOLIDAY HOMEWORK (2024 – 25)
 COMPLETE NCERT QUESTIONS OF CH 1 AND 2 IN CLASSWORK
NOTEBOOK.
 COMPLETE THE GIVEN WORKSHEETS IN A SEPARATE NOTEBOOK.
o THE ANSWERS SHOULD BE OF APPROPRIATE LENGTH AS PER THE
MARKS ALLOTED FOR EACH QUESTION.
o QUESTIONS NEED NOT TO BE COPIED.
 WORKSHEET 1
TIME- 2 HR
SECTION A – VERY SHORT ANSWERS [1 MARK]
1. Saksham sells his play station to his friend at a profit of Rs. 2,000. 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?
A. It removes the geographical separation between producers and consumers.
B. Warehousing facilitate holding of goods till they are required.
C. Advertising informs the consumers about the goods and services available in
the market.
D. Trade provides an organized market where buyers and sellers can contact
each other.
E. Banking and Financing Institutions provide necessary funds to carry on
business activities.
F. 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.

SECTION B – SHORT ANSWERS [3 – 4 MARKS]

1. “Earning of profit is regarded as the main objective of the business.” Explain
by giving any four reasons.
2. What are the merits of HUF form of business organization?
3. “Registration of a partnership firm is not compulsory but it is beneficial.” Do
you agree? Give reasons.
4. Why does the company cannot use personal property of shareholders to pay
off business debts?
5. Write a note on manufacturing Industry.
SECTION C - LONG ANSWERS [6 MARKS]
1. “No business is risk free.” In the light of this statement explain the concept
of business risk and its causes
2. Differentiate between Business and Profession.
3. Differentiate between Economic and Non-Economic Activities.
4. What are the important documents to be submitted to registrar for getting
certificate of incorporation in the formation of a company?
5. What are the various steps in the promotion stage of a company.

WORKSHEET 2
TIME – 2 HR
SECTION A – VERY SHORT ANSWERS [1 MARK]
1. “Profit maximization can’t be the sole objective of a business.” Comment.
2. What do you mean by business risk?
3. How can you distinguish synthetic industry from analytical industries?
4. What do you mean by secret partner?
5. What do you mean by unlimited liability in case of one man business?
6. Give two examples of departmental undertaking?
7. Define the term Prospectus.
8. Which certificate is required by a public limited company to start its business
operations?
9. What is the purpose of entrepot trader?
10. How does company put its signature on document?

SECTION B – SHORT ANSWERS [3 – 4 MARKS]

1. What are the various kinds of partnership?
2. Draw a chart showing the classification of Business Activities.
3. State the features of business risk.
4. Rani is a friend of Seema who is a partner in a software firm Simplex
Solutions. On Seema's request, Rani accompanies her to a business meeting
with Mohan Softwares and actively participates in the negotiation process for a
business deal and gives the impression that she is also a partner in Simplex
Solutions. Three months credit is extended to Simplex Solutions on the basis of
these negotiations.
On the basis of the given information about Rani, answer the following
questions:
(a) Will Rani be liable to the lender if Seema does not make payment to him by
the due date?
(b) Specify and explain Rani's role in the aforesaid situation.
5. A group of eight people decided to make a company and hence approached
Foresight Business Consultants, a professional unit for seeking appropriate
advice. This company helped them in identifying the different business
opportunities and suggested to set up a mobile manufacturing company.
Before converting this business opportunity into a real project, Foresight
Business Consultants made certain arrangements for conducting technical and
financial and economical surveys. For this they took the help of specialists like
professional accountants, lawyers and engineers.
On the basis of the given information about, answer the following questions:
(a) What are these group of eight people called as?
(b) Identify and explain the functions performed by them in aforesaid situation
for the formation of company.
SECTION C - LONG ANSWERS [6 MARKS]
1. Differentiate between profession and employment.
2. Explain the process of capital subscription?
3. Explain various clauses of Memorandum of Association.
4. Differentiate between private limited company and public limited company.
5. Explain the following terms:
a. Perpetual succession
b. Common seal
c. Karta
d. Artificial person

WORKSHEET 3
TIME – 2 HR
SECTION A – VERY SHORT ANSWERS [1 MARK]
1. Explain the role of minimum subscription at the time of issue of shares.
2. Support services to industry/business are clubbed under which category of
business activity?
3. Which document is to be issued by a public company for raising capital?
4. Compare the status of a minor in a Joint Hindu Family Business with that in a
partnership firm.
5. In which form of organization is a trade agreement made by one owner
binding on the others?
6. In multiple objectives of business ____________ is used as a measure of
efficiency.
SECTION B – SHORT ANSWERS [3 – 4 MARKS]
1. What do you mean by business? Explain its essential features?
2. Anuj and Ahmed are partners in a firm. They admit John as a new
partner, who is physically challenged. Anuj asked Ahmed and John to get
the firm registered. But Ahmed and John didn't agree and said that the
registration procedure will involve lot of formalities. If you are Anuj, how
will you convince them to get the firm registered?
3. Lalitha Devi did her post-graduation from Manipur University, Imphal.
She had offers to join some reputed firms in metropolitan cities like
Delhi and Mumbai. Instead of joining any of these firms she decided to
do some creative work in Imphal. She observed that a special type of
chilli is grown by the farmers in most of the villages in Imphal. This chilli
has a distinct flavour and pickle made from this chilli has a taste which
 may be liked by people from the rest of the country. But the farmers
were neither trained for this kind of farming of this kind of chilli on a
large scale nor was there a secured market for their produce. Lalitha
Devi met 18 like-minded women of the area and formed an organisation
for doing the business of pickle manufacturing. Each of them
contributed 20,000 each towards its capital and were equally
responsible for its management. On one hand they assured the farmers
to purchase their chilli and on the other hand, the organisation with the
help of local agriculture department arranged for the training of the
farmers. They also employed 10 local unemployed graduate girls for
doing the various operations of pickle making. On the basis of the given
information, answer the following questions:
(a) Identify the kind of organisation that was formed by Lalitha Devi.
(b) Explain the type of the kind of organisation that was formed by
Lalitha Devi.

SECTION C - LONG ANSWERS [6 MARKS]

1. "A joint stock company is an artificial person having separate legal existence,
perpetual succession and a common seal." Explain this statement.
2. Distinguish between Memorandum of Association and Articles of
Association.
3. Explain the difference between Industry, Commerce & Trade.
4. Shikha is a sole proprietor. Over the past decade, her business has grown
from operating a neighborhood corner shop selling accessories such as artificial
jewellery, bags, hair clips, and nail polish to a retail chain with three branches
in the city. She looks after the varied functions in all the branches, but now she
wants to change her form of business as she also has plans to open branches
countrywide. She is also planning to collect the funds by issue of shares.
On the basis of the given information about Shikha, answer the following
questions:
(a) Which form of business is suitable for Shikha for the expansion of business?
Also mention any two benefits of that form of business.
(b) Explain two benefits of remaining a sole proprietor.
5. Mr. Joseph worked as a manager in 'Highend Traders' a trading company. He
decided to start his own business selling similar products. After preparing all
details he realized that he does not have sufficient funds to start business on
his own. He discussed the business plan with his friend Raman and both
decided to join hands as partners. They opened a bank account in the Indian
Bank for business transactions and prepared all documents to register their
business. Ranbir, Joseph's colleague in Highend Traders also wanted to be part
of business but did not want to leave a secured job. So he decided to invest
money in business but not to take active part in the activities. Ranbir used his
position to inform Joseph about the important decisions and strategies
followed by Highend Traders. The CEO of Highend Traders came to know about
the conspiracy of Ranbir and terminated him from his services.
On the basis of the given information about Highend Traders, answer the
following questions:
(a) Identify the form of business which Joseph and Raman decided to form.
(b) Identify what type of member is Ranbir in this organisation? Quote lines to
support your answer.
(c) Explain two demerits of this type of business organisation.
6. After doing her M.Com. from 'Himachal Pradesh University of Shimla', Komal
went back to her village in Kinnaur district of Himachal Pradesh. She wanted to
contribute for the development of women of her village, so she formed an
organisation, the membership of which was open for all the women villagers
on a voluntary basis by paying₹ 500 only which will be treated as their capital.
Komal knew that the land of her village was suitable for the farming of
medicinal plants. So she motivated the members of her organisation for
growing medicinal plants in their fields under the guidance and help of the
local agricultural department. It was also decided that the organisation will
purchase the produce of each member and sell the same to drug
manufacturing companies at a very good price which was not possible for the
members individually. The main objective of the organisation is to render
services to its members rather than to earn profit. A computer training center
for young boys and girls of the village was started under the guidance of Komal
from the surplus of the profits.
On the basis of the given information about Komal, answer the following
questions
(a) Identify the kind of organisation that was formed by Komal.
(b) How does a the kind of organisation identified in part (a) exemplify
democracy and secularism? Explain.
(c) explain two other features of this kind of organization.