1 “Banks are both borrowers and lenders of funds”. Explain.
2 Mr. Rohan is an active partner of a partnership firm, Hi – tech Constructions. He applies for a loan from Easy Finance Co. He is accompanied by his friend, Mr. Swarn for a business meeting with Easy Finance Co. Mr. Swarn, though not a partner of Hi – tech Constructions, actively participates in the meeting and requests the financier to approve the loan. Which type of a partner is Mr. Swarn?
3 “Dishonest traders cheat the customers by making false claims about the products through hand bills or advertisements in mail order houses”. Which demerit of mail order houses is being referred to in the above statement?
4 Name the funds required by an enterprise for purchasing current assets and for meeting current expenses.
5 State any two areas in which Commerce and Industry Associations intervene.
6 Name the risk which involves both the possibility of loss as well as the possibility of profit.
7 Small scale industries can be widely spread & the benefits of industrialization can be reaped by every region. How does this feature of SSIs contribute to the country?
8 Give the meaning of the term „National Electronics Funds Transfer (NEFT)‟.
9 Write a short note on WTO.
10 Define "Social Responsibility‟. Explain the following two arguments in favour of social responsibility:
i. Long – term interest of the firm
ii. Better environment of doing business
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