Business studies Mcqs, Accounts Mcqs, Business studies notes,Quiz and case Based Questions, Quizizz

  Consumer protection (Question Bank) 1. ____________________states that a consumer should know the reliefs available to him in case of product or service falls short of his expectations . (a) Right to Safety (b) Right to Seek Redressal (c) Right to be informed (d) Right to Consumer Education 2. The Consumer Protection Act provides relief to customers such as replacement of product , removal of defect in the product, compensation for any loss or injury suffered by the consumer. Which consumer right has been highlighted in this statement . (a)Right to Safety (b) Right to Seek Redressal (c) Right to be informed (d) Right to Consumer Education 3. _______________states that, the consumer has a right to pick a product from a variety of products at competitive prices. (a)Right to Safety (b) Right to choose (c) Right to be informed (d) Right to Consumer Education 4. Most of the reputed firms have set up consumer service and grievance cells to listen to the consumers complaints and take approp

(Basics of Partnership)   Topic : Guarantee of Profits  1. State the meaning of Guarantee of Minimum profit. [1] 2. X, Y and Z were partners, sharing profits in the ratio of 2:2:1. Z was guaranteed a minimum profit of Rs.20,000. The profits of the firm for the year ended 31.3.2000 were   Rs.80,000. Prepare P&L Appropriation Account.                                             [3] 3. X and Y are sharing profits in the ratio of 3:2. Z was admitted for 1/6th share of profit with a minimum guaranteed amount of Rs.20,000. The firm earned a profit at the end of first financial year Rs.1,08,000. Find out the share of profit which X, Y and Z will get.        [3] 4. A, B and C were partners in a firm sharing profits in 2:3:5 ratio. A was guaranteed a minimum profit of Rs.1,00,000. Any deficiency on this account was to be borne by C. the net profit of the firm for the year ended 31.3.2013 was Rs.4,50,000. Prepare Profit and Loss Appropriation Account.   [3] 5. A, B and C are partners sharing

  Question Bank  NATURE AND SIGNIFICANCE OF MANAGEMENT Q.1 Rama Clothes ltd.’s target is to produce 20,000 shirts per month at a cost of Rs.500/- per shirt. The production manager achieved this target at a cost of Rs.450/- per shirt. Do you think the manager is effective and efficient?  Q.2 An educational institution as well as a business organization both need to be managed. Which characteristic of management is highlighted here?   Q.3 “In an organization, the employees are happy and satisfied, there is no chaos and the effect of management is noticeable.” Which characteristic of management is highlighted by this statement?  Q.4 In order to be successful an organisation must change its goals according to the needs of environment. Which characteristic of management is highlighted here?  Q.5 Management is multi-dimensional. Give any 2 dimensions of it. Q.6 One of the objectives of management is to consistently create economic value for various constituents of the society. Give two examp

UNIT – 10 FINANCIAL MARKET Meaning – Financial market is a market for the creation and exchange of financial assets such as shares, debentures, bonds and government securities. It is a network of institutions which provide short, medium and long term funds. Financial markets make possible the transfer of money from the investors to the entrepreneurial borrowers. Actually they bring together the lenders of funds and borrowers of funds.  Allocation of funds – There are two alternatives through which allocation of funds can be done – banks and financial markets. Household savers can deposit their surplus funds with banks. Banks then lend these funds to business firms. Household savers can also invest their savings in financial market directly by purchasing shares and debentures offered by business firms. Both banks and financial markets are competing financial intermediaries. Functions of financial market 1. Mobilize savings and channelize them into most productive purposes – It offers

Unit – 9 FINANCIAL MANAGEMENT  Introduction Money required for carrying out business activities is called business finance. Finance is needed to establish a business, to run it, to modernize it, to expand or diversify it. Meaning of Financial Management Financial management is the activity concerned with the planning, raising, controlling and administering of funds used in the business. It is concerned with optimal procurement as well as usage of finance. It aims to reduce the cost of funds. It also aims at ensuring availability of enough funds whenever required as well as avoiding idle finance. Objectives of Financial Management (A) Primary Objective: • Wealth Maximisation:The main objective of Financial management is to maximise shareholder’s wealth. Example- If Mr. X purchases 100 shares @ ` 100 of ABC Ltd. his wealth in company’s is ` 10,000/-. After some time, the market price of share increases to ` 130/-. Therefore, his wealth would be ` 13,000/-. His wealth increases by ` 3,000