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    JR Inter Commerce IMPQuestions

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    vikramadityagroupofindustries
    The document provides a list of important questions for a junior intermediate commerce exam across a variety of business topics including types of business organizations, their features and comparisons. It also includes questions on business finance sources and concepts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    JR Inter Commerce IMPQuestions

    Uploaded by

    vikramadityagroupofindustries
    60 views3 pages
    The document provides a list of important questions for a junior intermediate commerce exam across a variety of business topics including types of business organizations, their features and comparisons. It also includes questions on business finance sources and concepts.

    Original Description:

    Jr cec commerce important

    Original Title

    Jr-Inter-Commerce-IMPQuestions

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    The document provides a list of important questions for a junior intermediate commerce exam across a variety of business topics including types of business organizations, their features and comparisons. It also includes questions on business finance sources and concepts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    60 views3 pages

    JR Inter Commerce IMPQuestions

    Uploaded by

    vikramadityagroupofindustries
    The document provides a list of important questions for a junior intermediate commerce exam across a variety of business topics including types of business organizations, their features and comparisons. It also includes questions on business finance sources and concepts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Jr.

    Inter Commerce
    Important Questions

    10 Marks:

    1. What are the features, advantages and disadvantages of Sole proprietor business?

    2. ‘One man show is the best in the world provided that one man is big enough to take care
    of everything’- Explain

    3. What do you understand by a ‘Co-operative society’? State its characteristics, merits


    and demerits.

    4. What are the differences between Sole Proprietor and Partnership firm?

    5. What is Partnership? Write its features, merits and demerits.

    6. Define Joint Stock Company. Write its features, merits and demerits.

    7. What are the differences between Partnership and Joint Stock Company?

    8. What are the differences between Private Company and Public company?

    9. Write about Promotion of a company.

    10. Explain about the clauses in the Memorandum of Association.

    11. Write about different contents of Articles of Association.

    12. Write about contents of the Prospectus.

    5 Marks:

    1. Define Business. What are its characteristics?

    2. Explain the objectives of business.

    3. Classify and describe each type of Economic activities.

    4. Explain the industry. Briefly describes different types of industries.


    5. Commerce is the sum total of those processes which are engages in the removal of
    hindrances of persons, place and time in the exchange of commodities- Explain

    6. Write about different types of Trade.

    7. What are the characteristics of Commerce?

    8. Is Registration of Partnership compulsory under Partnership Act, 193? Explain the


    procedure.

    9. What is Partnership deed? Discuss its contents.

    10. Write about different types of Partners.

    11. Statement in lieu of prospectus.

    12. Certificate of Commencement of Business.

    13. Explain the need for business finance.

    14. Write different types of business finance.

    15. What are the features of Equity Shares?

    16. What are the features, merits and demerits of Preference Shares?

    17. Write about different types of Preference Shares.

    18. Explain the features, merits and limitations of Retained Earnings.

    19. Write about different types of Debentures.

    20. What are the features, merits and demerits of Debentures?

    21. What are the features, merits and demerits of Public Deposits?

    22. Explain the need for public sector in India.

    23. Explain the merits and demerits of Departmental Undertakings.

    24. Explain the need for Private Sector in India.

    25. Discuss the merits and demerits of Private Sector.


    26. Define MNC and explain its characteristics.

    27. What are the merits and demerits of MNC?

    2 Marks:

    1. Business 17. Criminal liability


    2. Profession 18. Fixed Capital
    3. Profit motive 19. Working Capital
    4. Risk (Uncertainity) 20. Operating cycle
    5. Innovation 21. Order delivery period
    6. Employment 22. Current assets
    7. Commerce 23. Trade credit
    8. Banking 24. Ownership Capital
    9. Karta 25. Deferred shares
    10. Coparcener 26. Dividend
    11.Minor partner 27. Over capitalization
    12. Sleeping partner 28. ICICI
    13. Government company 29. SFC
    14. Chartered company 30. IDBI
    15. Unlimited liability 31. Trade deficit

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