What Is a Case Study?
When you’re performing research as part of your job or for a school assignment, you’ll probably come across case studies that help you to learn more about the topic at hand. But what is a case study and why are they helpful? Read on to learn all about case studies.
At face value, a case study is a deep dive into a topic. Case studies can be found in many fields, particularly across the social sciences and medicine. When you conduct a case study, you create a body of research based on an inquiry and related data from analysis of a group, individual or controlled research environment.
As a researcher, you can benefit from the analysis of case studies similar to inquiries you’re currently studying. Researchers often rely on case studies to answer questions that basic information and standard diagnostics cannot address.
Study a Pattern
One of the main objectives of a case study is to find a pattern that answers whatever the initial inquiry seeks to find. This might be a question about why college students are prone to certain eating habits or what mental health problems afflict house fire survivors. The researcher then collects data, either through observation or data research, and starts connecting the dots to find underlying behaviors or impacts of the sample group’s behavior.
During the study period, the researcher gathers evidence to back the observed patterns and future claims that’ll be derived from the data. Since case studies are usually presented in the professional environment, it’s not enough to simply have a theory and observational notes to back up a claim. Instead, the researcher must provide evidence to support the body of study and the resulting conclusions.
As the study progresses, the researcher develops a solid case to present to peers or a governing body. Case study presentation is important because it legitimizes the body of research and opens the findings to a broader analysis that may end up drawing a conclusion that’s more true to the data than what one or two researchers might establish. The presentation might be formal or casual, depending on the case study itself.
Once the body of research is established, it’s time to draw conclusions from the case study. As with all social sciences studies, conclusions from one researcher shouldn’t necessarily be taken as gospel, but they’re helpful for advancing the body of knowledge in a given field. For that purpose, they’re an invaluable way of gathering new material and presenting ideas that others in the field can learn from and expand upon.
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Class 11 Business Studies Case Study Questions
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CBSE Class 11 Business Studies Case Study Questions are available on myCBSEguide App . You can also download them from our student dashboard .
For students appearing for grade 11 CBSE exams from the Commerce stream, Business Studies is a fundamental subject. Business Studies is considered to be quite interesting as well as an occupying subject as compared to all other core subjects of the CBSE class 11 commerce stream. To ace this CBSE exam, students are not only required to work hard but they ought to learn to do smart work too.
Among all the other core subjects of the Commerce stream i.e accountancy, economics and business studies, Business Studies is the one that is purely theoretical. It is termed to be comparatively easier and more scoring than the other mandatory subjects of the commerce stream. Many students who opt for the commerce stream after their 10-grade exams desire to learn in-depth about the business organizations and their work, for them the subject is of utmost importance. Business Studies is an essential component of the class 11 commerce stream curriculum.
In order to ace the subject the student needs to have conceptual clarity. CBSE has designed the syllabus for class 11 Business Studies so as to provide students with a basic understanding of the various principles prevalent in the Business organizations as well as their interaction with their corresponding environment.
Case Study Questions in class 11 (Business Studies)
Case-based questions have always been an integral part of the Business Studies question paper for many years in the past. The case studies have always been considered to be challenging for the students, for such questions demand the application of their knowledge of the fundamental business concepts and principles. Last year i.e- 2021 CBSE introduced a few changes in the Business Studies question paper pattern to enhance and develop analytical and reasoning skills among students.
It was decided that the questions would be based on real-life scenarios encountered by the students.CBSE not only changed the way case-based questions were formulated but also incremented their weightage in the Business Studies question paper. The sole purpose of increasing the weightage of case-based questions in the class 11 curriculum by CBSE was to drift from rote learning to competency and situation-based learning.
What is a case study question? (Business Studies)
In Business Studies, a case study is more like a real-world test of how the implementation works. It is majorly a report of an organization’s implementation of anything, such as a practice,a product, a system, or a service. The questions would be based on the NCERT textbook for class 11 Business Studies. Case-based questions will definitely carry a substantial weightage in the class 11 Business Studies question paper. questions.
A hypothetical text will be provided on the basis of which the student is expected to solve the given case-based question asked in the Business Studies class 11 exam. Initially, the newly introduced case-based questions appeared to be confusing for both the students and the teachers. Perhaps, they were reluctant to experiment with something new but now a lot more clarity is there that has made the question paper quite student-friendly.
Case study questions could be based on any chapter or concept present in the NCERT textbook. Thus, it is expected from the students to thoroughly revise and memorize the key business fundamentals.
Business Studies syllabus of class 11 CBSE
The entire Business Studies course is divided into 2 parts:
- Part A, Foundation of Business
- Part B, Finance and Trade
The class 11 Business Studies exam is for a total of 100 marks, 80 marks are for the theory and the remaining 20 for the project. Most of the questions are based on the exercises from the NCERT textbook. It is recommended to rigorously go through the contents of the book. A single textbook has been published by NCERT for Class 11 Business studies. There are a total of 10 chapters in this book divided into 2 parts.
CBSE Class – 11
Business Studies (Code No. 054)
Theory: 80 Marks Time: 3 Hours Project: 20 Marks
Case Study Passage (Business Studies class)
As part of these questions, the students would be provided with a hypothetical situation or text, based on which analytical questions will have to be answered by them. It is a must for the students to read the passage in depth before attempting the questions. In the coming examination cycle (2022-23), case-based questions have a weightage of around 30%. These questions can be based on each chapter in the NCERT book for Business Studies, grade 11.
Students must prepare well for the case-based questions before appearing for their Business Studies exam as these questions demand complete knowledge of the various concepts in their syllabus. CBSE plans to increase the weightage of such questions in the upcoming years.
Sample case-based Questions in Business Studies
Business Studies as a subject provides a way of perceiving and interacting with the business ecosystem. It is a core subject of the commerce stream that is purely theoretical and relevantly easier than the other compulsory subjects of the stream. Class 11 Business Studies syllabus is closely related to trade and commerce. The subject cannot be ignored as it is the foundation of many concepts and theories which are studied at an advanced level in class 12.
The case-based questions asked in the CBSE Business Studies question paper for class 11 are of two types:
As per the latest circular issued by CBSE on Assessment and Evaluation practices of the board for the session 2022-23, CBSE has clearly mentioned that competency-based questions including case studies will be different from subjective questions.
The questions can also be categorized on their difficulty level:
- Direct: such questions can be easily solved. Their answer is visible in the given passage itself.
- Indirect/ Analytical: such questions are confusing and tricky. These can be solved by the application of the theory or principle that is highlighted in the provided text.
How To Prepare For Case-based Questions? (Business Studies grade 11)
Students need to prepare well for the case-based questions before appearing for their class 11 Business Studies exam. Here are some tips which will help the student to solve the case-based questions at ease:
- Read the provided text carefully
- Try to comprehend the situation and focus on the question asked
- Analyze and carefully answer the question asked
- In general, the passage given would be lengthy in Business Studies case-based questions but their solutions are comparatively short and simple
- One can significantly save time if they follow a reversal pattern, that is going through the questions before reading the comprehensive case study passage.
- Answer in a concise manner
- One should concentrate on solidifying key fundamental principles/theories
- Go through the NCERT textbook in depth. The language used is crisp and simple.
- While providing solutions to the case-based question, pick the keyword/keyline based on which you are driving insights.
In order to excel in the Business Studies class 11 exam, one needs to ignore the shortcut techniques and get to read the NCERT textbook rigorously. Case studies can be easily solved if your key fundamentals are strong and clear. The best part of having these questions is that the asked question itself projects a hint of its answer. These simple points if kept in mind will definitely help the students to fetch good marks in case study questions, class 11 Business Studies.
Case study question examples in Business Studies
Here a re some given case study questions for CBSE class 11 Business Studies. If you wish to get more case study questions and other study material, download the myCBSEguide app now. You can also access it through our student dashboard.
Business Studies Case Study 1
Read the hypothetical text given and answer the following questions:
Manish, Rahul and Madhav live in the same locality. They used to meet and discuss their ideas. After discussing the recent fire breakout in their area, they decided to take fire insurance for their house or work area. Manish gets his house insured against fire for ₹1 lakh and during the policy period, his house gets damaged due to fire and the actual loss amounts to ₹2.5 lakh. The insurance company acquired the burning material and approved his claim. Rahul gets his godown insured against fire for ₹1 lakh but does not take enough precautions to minimize the chances of fire like installing fire extinguishers in the factory. During the policy, a fire takes place in his godown and he does not take any preventive steps like throwing water and calling the employees from the fire fighting department to control the fire. He suffered a loss of ₹1,20,000. Madhav took a fire insurance policy of ₹20 lakh for his factory at an annual payment of ₹24,000. In order to reduce the annual premium, he did not disclose that highly explosive chemicals are being manufactured in his factory. Due to a fire, his factory gets severely damaged. The insurance company refused to make payment for the claim as it became aware of the highly explosive chemicals.
How much can Manish claim from the insurance company?
- None of the above
How much compensation can Rahul get from the insurance company?
Which principle is violated in the case of Rahul?
- Insurable Interest
- Utmost Good Faith
How much amount is the insurance company liable to pay to Madhav if he files a case against it?
- Insufficient information
Which principle of Insurance is violated by Madhav?
- Insurable interest
- Proximate Cause
The insurance company acquired the burnt material and approved his claim. Which principle of Insurance is highlighted in the given statement.
- (a) Mitigation
- (a) Utmost Good Faith
- (d) Subrogation
Business Studies Case Study 2
Sarthak Electronics Ltd. has a loss of Rs 15,00,000 to pay. They are short of funds so they are trying to find means to arrange funds. Their manager suggested a claim from the insurance company against stock lost due to fire in the warehouse. He actually meant that they can put their warehouse on fire and claim from insurance companies against stock insured. They will use the claim money to pay the loan.
- Will the company receive a claim if the surveyor from the insurance company comes to know the real cause of fire?
- Write any two Values which the company ignores while planning to arrange money from false claims.
- State any three elements of fire insurance
Business Studies Case Study 3
OLX and qickr are examples of well-known websites used to conduct business. Tarasha’s sofa set got spoiled in the rain. Her friend suggested that she should change the fabric so that it looks new and put it for sale on Olx. Tarasha followed her friend’s advice and got her sofa repaired so that it looked better and uploaded nicely clicked pictures on the website without disclosing the fact that it was damaged from the inside. She found a buyer and sold it for Rs 10,000. After five days the buyer found the real state of the sofa set and called Tarasha but she did not answer any of the calls.
- identify the type of business highlighted in the above case.
- Identify any two values which are overlooked by Tarasha.
- Explain any two benefits and limitations of e-business.
Advantages of case study questions in Business Studies
Class 11 Business Studies syllabus is not very vast but has to be focussed upon as it forms the base for your 12th grade Business Studies syllabus. Students are supposed to prepare themselves thoroughly from the NCERT textbook. The Case-based questions prominently focus on the real and current scenarios of the Business world. Approximately 30% of the question paper will comprise case study questions that demand high-order thinking and reasoning skills from the students. The students ought to practice class 11 Business Studies case-based questions from the various options available to them, so as to excel in the subject.
- Enhance the qualitative and quantitative analysis skills of students
- Provides an in-depth understanding of the key Business theories/concepts
- Inculcate intellectual capabilities in students
- Help students retain knowledge for a longer period of time
- The questions would help to discard the concept of rote learning
- Case studies promote and strengthen practical learning.
“Failure is success if you learn from it”
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- Important Questions for CBSE Class 11 Business Studies (2023-24)
CBSE Class 11 Business Studies Important Questions - Free PDF Download
Class 11 is the introduction of higher secondary education for the students. For commerce students, business study is an essential subject. They should read this subject sincerely for better higher education. Class 11 business studies syllabus contains vital topics. The students should read the syllabus including important questions for class 11 business studies. The chapter wise important questions are essential exam preparation tools, which will help in scoring good marks. In Class 11 , students are introduced to the commerce subjects, which they will have to study in their higher academic life.
Class 11 Business Studies comprises eleven chapters that cover important topics. These topics need the highest attention from the students to prepare. To assess their preparation level, they can download and solve the Class 11 Business Studies term 2 Important Questions with Solutions developed by the subject experts of Vedantu. Find the solutions to these questions and take a step ahead in your preparation.
CBSE Class 11 Business Studies Chapter-wise Important Questions 2023-24
Chapterwise important questions for cbse class 11 business studies.
Class 11 Business Studies Syllabus
Central Board of Secondary Education (CBSE) has included business studies as a vital subject in the class 11 commerce curriculum. The syllabus of business studies includes introductory chapters of some vital topics. The students will get primary knowledge about some vital topics of business studies. The entire syllabus of business studies is divided into part A and part B. Part A is about business foundation knowledge, which contains 6 different units. Part B is about trading and financial knowledge contains 4 units. Each part of the syllabus carries equal division for the exam. The students should read both parts with equal sincerity. They should learn all the topics thoroughly for future convenience and good marks in the final exam. To score well in the exam, they should practice class 11 business studies important questions after completing the entire syllabus.
Class 11 Business Studies Part A
The first part of class 11 business studies includes 6 units about the foundation of the business. The units of part A are Business Evolution and Fundamentals, Different forms of Business Organizations, private, public and multinational business companies, service of business, Business emerging Modes, Business Ethics and Social Responsibility in Business. Here, we have discussed the units briefly.
1. Unit 1: Business Evolution And Fundamentals
The first unit has 8 chapters, which are commerce and trading history of India, definition, and characteristic of business, Profession and Employment concept of Business, Business Objective, Business Activity classification (commerce and industry), Industry Types in Business, the meaning of commerce-trade, Risk concept of Business. All these chapters are important for knowing the subject primarily.
2. Unit 2: Different Forms of Business Organizations
This unit contains 6 chapters about business organization. The chapters are the concept of a sole proprietorship, the concept of partnership, the concept of partnership, the concept of Hindu Undivided Family Business, concept of cooperative society, concept, and classification of company, stages of company Formation.
3. Unit 3: Private, Public, and Multinational Business Companies
The third unit of part business studies class 11 has two chapters. The chapters are the concept and difference of private and public sector, different forms of the public sector. This unit gives an idea of business sector types to the students.
4. Unit 4: Service of Business
This unit includes 3 different chapters about business services. The chapters of this unit are concepts of banking and account types, different forms of banking services and payments, concept and classification of Insurance. All these chapters include primary knowledge of different business services.
5. Unit 5: Business Emerging Modes
This unit has only one chapter about business emerging modes, which is E-business. In this chapter, the concept, features, benefits, and scopes of E-business are described in detail. The students should read this chapter as a vital topic for better knowledge of business studies.
6. Unit 6: Business Ethics And Social Responsibility In Business
The last unit of part A class 11 business studies includes 4 chapters. The chapters are the concept of social responsibility, case of social responsibility, different forms of business responsibility, the role of business in environment protection. The chapters of this unit inform about the ethics and responsibilities of business.
Class 11 Business Studies Part B
The second part of the class 11 business studies syllabus is about trading and financial knowledge business. This part contains four units about trading and financial knowledge. The units are Financial Source of Business, Enterprise, and small business, Internal trading, International Trading. All the units have many chapters. Here, we have discussed the units in a brief.
1. Unit 7: Financial Source of Business
The first unit of class 11 business studies part B has three chapters. The chapters are the concept of Finance in business, the concept of different business materials: owners’ funds, shares, receipts, the concept of borrowed funds. All three chapters give a rough idea of the financial sources and factors of the business.
2. Unit 8: Enterprise and Small Business
This unit has four different chapters about enterprise and small business. The chapters are concept and features of enterprise, classification of enterprise, the role of small business in India, Government schemes for enterprise and small business. The students should read these chapters for deep knowledge in business studies.
3. Unit 9: Internal Trading
This unit includes two chapters, which are the concept of internal trade and the concept of large-scale retailers. The first chapter defines the meaning and features of internal trading. In the second chapter, the students will learn about different stores on a large scale.
4. Unit 10: International Trading
The last unit of class 11 business studies part B has two chapters. In the first chapter, the students will learn the concept, features, and benefits of International Trading. The second chapter is the Definition and Objectives of the World Trade Organization (WTO). Both chapters are important for advancing knowledge in business studies.
Business Studies Class 11 Important Questions Chapter Wise
Class 11 business studies syllabus includes a huge number of chapters separated into different units. The students have to read all the chapters thoroughly to learn the topics correctly. They have to complete the entire syllabus and revise them within an academic year. That is why chapter wise important questions for class 11 business studies during revision. From the chapter wise important questions for class 11 business studies during revision. From the chapter wise important questions, the students will get a chapter insight as well as the question pattern. The chapter wise important questions will make the revision and exam preparation easier. Important questions for class 11 business studies are vital exam preparation tools.
Benefits of Important Questions for Class 11 Business Studies
The benefits of practicing chapter wise important questions are –
The students will get to know the question pattern.
The revision and exam preparation will be easier.
The students will achieve efficiency by practicing the questions repeatedly.
The students can practice the questions considering the time to increase time management capability.
Significance of CBSE Class 11 Business Studies term 2 Important Questions with Solutions
There are a total of 11 chapters in the Class 12 Business Studies syllabus. These chapters are based on important topics such as business, trade, commerce, modes of business, business services, company formation, international business, internal trade, etc.
The syllabus has been divided into two parts for the convenience of the students. To make the preparation of all the chapters on these two parts easier, students complete solving the exercises and then proceed to solve the important questions. These Important Questions for Class 11 Business Studies Board Exam have been framed by the top subject experts of Vedantu to cover the entire syllabus properly.
These questions come with proper solutions framed by the same experts to offer convenience in solving them. These solutions will aid the students to focus on the answering formats and how to use the concepts of this subject in a better way.
Hence, these important questions will enable students to test their preparation level and to find out how to solve fundamental questions to score more in the exams.
Advantages of CBSE Class 11 Business Studies Important Questions with Answers PDF
All 11 chapters have been approached individually to form separate files. These files can be found on the list here to download. Hence, you can add more convenience to your study sessions by accessing these files easily.
Resolve doubts on your own when you have the solutions for all these chapters here. These solutions will come in very handy when any query arises. You can answer those queries instantly and proceed with your preparation.
Focus on how the experts have used the simplest explanation of all the answers in the solutions. Learn from the formats and practice to answer all exam questions within the given time and score more.
Recall all the concepts and principles you have studied in these solutions easily and answer the questions accurately in an exam.
1. Why is Insurance Known as the Tertiary Industry?
Solution: Insurance is a support service to the primary and secondary services. Tertiary industries are concerned with providing support services. The services are to primary and secondary industries as well as activities relating to trade, which provide service facilities. Therefore, insurance is known as the tertiary industry.
2. Categories the Following into Profession, Business, and Employment: Farmer, Clerk, Advocate, Hawker, Person Working in Repairing Shop, Doctor.
Farmer – Business
Clerk – Employment
Advocate – Profession
Hawker – Business
A person working in repairing shop – Employment
Doctor – Profession
3. Explain the Meaning of Unlimited Liability.
Solution: Unlimited liability refers to the indefinite extent of liability to pay a firm’s obligations, extending beyond the investments of the firm’s owners, partners, or shareholders to their assets. This extent of liability is supposed to be an unlimited liability company, which can be a sole proprietorship or general partnership.
4. A Special Act of Parliament Bought Which Public Sector Form Into Existence?
Solution: Statutory corporations are the special act of the parliament. The act defines its functions and powers, rules and regulations, and its relationship with departments of the government. They have the power of the government and a considerable amount of operating flexibility of private enterprises.
5. Define the Meaning of Banking.
Solution: A banking company is the one transacting the business of banking. It means accepting for investment and lending of deposits of money. The acceptance is from the repayable on demand, or the public, or otherwise and withdrawal by drafts, cheques, order, or otherwise. Basically, a bank accepts money repayable on demand, public, and also earns a profit by lending money.
6. Define Outsourcing.
Solution: Outsourcing is a long-term contracting out of the non-core and of late even some of the core activities. The captive or third-party specialists benefit from their experience, expertise, efficiency, and even investment.
7. Define the One Need for Social Responsibility.
Solution: A socially responsible company can create a company’s image and build its brand. By projecting a positive image, a company can make a name for not only being financially profitable but socially conscious as well.
8. What is the IEC Number?
Solution: ICE number refers to import export code number, which is obtained from the Directorate General Foreign Trade (DGFT) or Regional Import Export Licensing Authority. It is a prerequisite to obtaining an export license.
Download Class 11 Business Studies Important Questions with Answers PDF 2023-24
Get the free PDF versions of these questions for all the chapters. Focus on how you can make your preparation better by practising these questions. Learn to use the solutions and methods provided by the experts to grow your answering skills. Develop your concepts for Class 11 Business Studies and ace all the exams by becoming more confident.
Other CBSE Class 11 Important Questions Links
Important related links for cbse class 11.
FAQs on Important Questions for CBSE Class 11 Business Studies (2023-24)
1. Explain 6 important factors that are to be considered for starting a business.
The 6 important factors that are to be considered for starting any business are as follows.
The Selection of Business Line: Select your business line wisely, that is, ensure the possibility of business growth and profitability when you select the nature and type of business.
The Size of the Business: Depending on the market demand and supply of your business products, select the size of your business. For high demands and fewer risk factors, select a large-scale business, and for high-risk factors select a small-scale business.
Choice of the Ownership Form: The type of ownership of your business depends on the line of business, capital requirements, legal formalities, the liability of owners, etc.
Location of the Business Firm: The location of the business firm depends upon the availability of labourers and raw materials.
Financing the Proposition: Financing the business proposition includes arranging the necessary capital for the business.
Physical Facilities: To start a business, it is important to check for the availability of machines, equipment, and other services.
Plant Layout: The layout of the business details has to be chalked out well in advance.
Competent Workforce: Arranging for a competent workforce is one of the basic necessities for starting a business. The growth of the business depends greatly on the workforce.
Tax Planning: Proper tax planning is necessary for every business, be it large-scale or small-scale.
Launching a Business Firm: With all the above factors taken care of, the business or the enterprise can be launched successfully.
2. What are the types of a service business?
There are three types of service businesses or enterprises, and they are as follows.
Micro Enterprises: The investment in the business equipment is within 10 lac rupees.
Small Enterprises: The investment in the business equipment is between 10 lacs and 2 crores rupees.
Medium Enterprises: The investment in the business equipment is between 2 and 5 crore rupees.
3. Give two advantages of supermarkets.
The two advantages of supermarkets are as follows.
Sales are all carried out in cash or cards, leaving no chances of debts.
A wider variety of goods are available in the supermarkets, making it more likely for the buyers to end up making a purchase.
4. Are the important questions for CBSE Class 11 Business Studies beneficial for exam preparation?
Yes, the important questions for CBSE Class 11 Business Studies available on Vedantu are highly beneficial for exam preparation. Our in-house team of subject matter experts has curated and prepared these questions and solutions after making a detailed study of the entire syllabus of Class 11 Business Studies. The important questions from each chapter are arranged in a separate PDF file, for the convenience of students. You can download these files for free from Vedantu and refer to them for effective learning. These important questions also make an excellent study material for the Class 11 Business Studies examination. Therefore, download the PDF files and revise all the topics of Class 11 Business Studies by referring to these important questions and answers.
5. Where can I get the list of Important Questions of Class 11 Business Studies?
When looking for important questions for Class 11 Business Studies, the best place to be at is Vedantu’s e-platform. Students can find accurately chosen and explained questions that are important to prepare before their Class 11 Business Studies exams. The solutions for these questions have been carefully crafted by subject experts at Vedantu. The important questions and their solutions can be downloaded free of cost by students for offline access. You can also easily access them from Vedantu’s website. These solutions are available at free of cost on Vedantu(vedantu.com) and mobile app.
6. What are the chapters covered in Important Questions for Class 11 Business Studies?
Important Questions for CBSE Class 11 Business Studies provided by Vedantu cover the following chapters:
Chapter 1 - Business, Trade and Commerce
Chapter 2 - Forms of Business Organisation
Chapter 3 - Private, Public and Global Enterprises
Chapter 4 - Business Services
Chapter 5 - Emerging Modes of Business
Chapter 6 - Social Responsibilities of Business and Business Ethics
Chapter 7 - Formation of a Company
Chapter 8 - Sources of Business Finance
Chapter 9 - Small Business
Chapter 10 - Internal Trade
Chapter 11 - International Business
7. How many books are there for Class 11 Business Studies?
The Central Board of Secondary Education (CBSE) prescribed only one book for Class 11 Business Studies. This book has been published by NCERT and it is available in both English and Hindi mediums. There are a total of 10 chapters in this book divided into two parts. Part A contains six units that discuss knowledge about the business foundation and part B consists of the remaining four units that talk about financial and trading knowledge.
8. What are the most important chapters in Class 11 Business Studies?
The syllabus for Class 11 Business Studies contains a total of 10 chapters. Out of these, the most important chapters are Chapter 7 - Sources of Business Finance, Chapter 8 - Small Business, Chapter 9 - Internal Trade, and Chapter 10 - International Business. These are considered important since they contain higher weightage than all other chapters in the syllabus. Students can refer to Important Questions for CBSE Class 11 Business Studies for better preparation of these chapters.
9. What is meant by Banking?
As discussed in Class 11 Business Studies, banking is the term given to all activities related to business that involve accepting and safekeeping money owned by other entities for the purpose of lending or investment. The money that is deposited is also repayable on demand or otherwise, and withdrawable by cheque, order, draft, etc. It is an important service facilitating the economy by offering people an opportunity to save.
Important Questions for CBSE Class 11
Cbse class 11 study materials, home tuitions in india.
Nature and Purpose of Business: Case Based Type Questions - Business Studies (BST) Class 11 - Commerce
Read the following passage and answer the questions given below Saransh and Vishal have their pharmaceutical factory in Jaipur. Their main focus is providing quality products at reasonable prices. They procure the services of a renowned medicine specialist Mr. Andrews from Germany who gives them feedback about the quality of their products. Because of increasing competition with foreign
Pharmaceutical Companies, their market share is decreasing and they are suffering huge losses. To ensure their existence in the market, their management is concentrating on full usage of machines, and reducing wastage, and effective promotion of their products to increase the sales. Question 1: ”Mr. Andrews from Germany who gives them feedback about the quality of their ........”Identify the economic activity Mr. Andrews performs. (a) Business (b) Profession (c) Employment (d) Partnership
Correct Answer is Option (b) A profession is an occupation founded upon specialized educational training, the purpose of which is to supply disinterested objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain. A profession is not a trade and not an industry.
Question 2: “Because of increasing competition with foreign Pharmaceutical Companies, their market share is decreasing...” Name the type of risk related to the above-stated line. (a) Speculative risk (b) Foreign risk (c) Pure risk (d) All of the above
Correct Answer is Option (a) Speculative risk is a category of risk that, when undertaken, results in an uncertain degree of gain or loss. In particular, speculative risk is the possibility that an investment will not appreciate in value. Speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances.
Question 3: Pharmaceutical industry is an example of which of the following types of secondary industries? (a) Genetic (b) Analytical (c) Synthetic (d) Processing
Correct Answer is Option (d) Secondary: Industries which are essentially manufacturing or assembling industries. It receives raw materials from primary industries and processes them to commodities for the customers. Example: Food manufacturing, Textile manufacturing etc.
Correct Answer is Option (b) Analytical industry is the industry which analysis and separates different elements from the same materials. Synthetic industries are those industries that combine various ingredients and make a new product like Cement, fragrance and plastics. The process industries are those industries where the primary production processes are either continuous, or occur on a batch of materials that is indistinguishable. Assembling industry: These industries are engaged in bringing together various components or parts of bicycles, television, radio and these are some examples of assembling industries.
Question 5: ”To ensure their existence in the market, their management is concentrating...” Which economic objective is indicated in this statement? (a) Survival (b) Profit (c) Growth (d) Diversification
Correct Answer is Option (a) Business survival refers to keeping the business operating for a certain amount of time. Most businesses initially aim to survive their first year. Profit refers to any money left over after all costs have been taken away from any revenue made by a business.
Read the following passage and answer the questions given below. Oorza Limited is the manufacturer and trader of electrical goods. The company’s efficient management team, and effective marketing strategies have enabled it to carve a niche in the industry, allowing it to stand out. But, over the past few years, its profit margins and customer loyalty have been going down. After analysis of the reasons for lowering performance, the company executives suggested how CSR can improve profits. They understand that CSR can promote respect for their company in the marketplace which can result in higher sales, and enhance employee loyalty. Also, CSR activities focusing on sustainability issues may lower costs and improve efficiency as well. The company followed the CSR initiatives and is able to regain its market position and increase its goodwill.
Question 6: Which objective will be fulfilled by the company through CSR? (a) Economic (b) Social (c) Legal (d) Personal
Correct Answer is Option (b) Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
Question 7: Identify which of these is not a role of profit as stated above. (a) Survival of business (b) Enhancing goodwill (c) Increasing efficiency (d) Enhancing customer loyalty
Correct Answer is Option (d) Customer loyalty is an ongoing positive relationship between a customer and a business. It's what drives repeat purchases and prompts existing customers to choose your company over a competitor offering similar benefits.
Correct Answer is Option (c) Traders act as link between consumers and producers. Traders remove hindrance of persons by making goods available to consumer from producers.
Question 9: Identify the term which is related to uncertainties about the returns and chances of losses in the business. (a) Risk (b) Market trend (c) Natural calamities (d) Market standing
Correct Answer is Option (a) Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk. There are many factors that can converge to create business risk.
Question 10: ”...may lower costs and improve efficiency as well.” If the company is able to achieve it, which business objectives are accomplished by the company? (a) Profit maximization (b) Social responsibility (c) Growth and expansion (d) All of the above
Correct Answer is Option (a) Profit maximisation is a process business firms undergo to ensure the best output and price levels are achieved in order to maximise its returns. Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realising its profit goals.
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Complete Solutions to Case Study of chapter PRIVATE , PUBLIC AND GLOBAL ENTERPRISES of Class 11 book with complete answers and questions
Indian Railway' is a part of Railway Ministry . It is organised and controlled by Railway Ministry . The finances are allocated from government treasury and what ever revenue it earns is deposited to government treasury only . It is treated as a part of government and even the appointment , recruitment and selection of employees is done in the same way as that of civil servant. (a) Name the type of public sector enterprise railway is considered as . (b) What is the status of employees working in railways? (c) How does it get its finance? (d) What does it do with its revenue?
With Enactment of LIC Act , 1956 , an autonomous body , Life Insurance Corporation of India was formed . The act defines its powers , duties and functions . It has a separate legal entity . It is fully owned by government . It has independent finacial policy and can raise funds by borrowing from public and government . however it is not subject to any budgetary accounting or audit control like Railways . It 's annual report is presented in parliament every year. (a) Name the type of public sector enterprise referred in above case. (b) Name the act under which it is formed. ( c) Name any other statutory corporation. (d) State two features of statutory corporation mentioned above.
Gas authority of India Ltd . (GAIL) is carrying on various projects of energy and power . Majority of its shares are held by government of India . It is registered under Companies Act , 1956 and enjoy all the characteristics of a company . The board of directors are appointed by the government . The Board and shareholders are responsible for the efficient working of the company . The company prepares its annual report and submit to appropriate authorities. (a) Name the type of public sector enterprise referred in above para. (b) Government dusy shares in whose name ? (c ) Where does goverment companies submit their reports?
Sony Ltd , is a leader in electronics . It is registered in a company and has its business operations in many countries of world . Its headquarter is in Japan (Tokyo). To manage its branshes and subsidiaries in different countries , the company employs trained and professional managers . they always make use of latest technology to remain leader in electronics. (a) Name the type of enterprise mentioned in above case. (b) State where the headquarter of sony is located. (c ) State two benefits of Sony mentioned in above para.
In 2005 Mahindra & Mahindra had an agreement with Renault ,a French car manufacturing company to produce and commercialize Logan . It is a `51 : 49` partnership between Mahindra & Mahindra and Renault . The Loagan plant at Nasik has a capacity to produce 50, 000 units per year . the main aim of the two companies t is to produce no - frills Loagan car with classifying features at an aggressive price & launch them exclusively for Indian market . Renault wanted to increase the global car sales by 800, 000 by year 2009 & they believed that this figure could be a achieved by investing in Indian market . What kind of arrangement is between the two companies? Define it .
To overcome the difficulties faced by public in transport system , the government of India started the METRO project in which the government involved private sector participation to get the benefits of efficiency of private sector . The project was great success as lacs of people are enjoying the metro service to move from one place to other. (a) State the type of enterprise mentioned in above last. (b) Name the 'PPP' providing metro service in Delhi. ( c) Give any two features of PPP.
Case Study questions and complete solutions for chapter PRIVATE , PUBLIC AND GLOBAL ENTERPRISES of SHREE RADHEY PUBLICATION BUSINESS STUDIES (HINGLISH) of Class 11
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CBSE Class 11 Business Studies Marks Wise Question with Solution PDF
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CBSE Class 11 Business Studies Marks Wise Question
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CBSE Class 11 Business Studies Marks Wise Question with Answers
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