Chapter: 3 Private,
Public and Global Enterprises
Q:1 It is a public enterprise established under the Indian Companies Act
and conducts business in competition with companies in private sector.
i)
Identify the type of public enterprise highlighted above.
ii)
What is the minimum investment government has to make in
such companies.
iii)
In whose name shares of this type of company are purchased.
iv)
State any two merits and any one demerit of such type of
company.
Q:2 Multinational companies establish themselves in developing countries
to enjoy huge profits by selling consumer goods or luxury item. They start
business by offering wide variety of goods at a cheaper prices than local
retailers offer. But once they are established they increase prices.
Q:3 Identify the type of public sector enterprises in the following
statements:
i)
RBI and FCI are the examples of this form of enterprise.
ii)
It enjoys maximum autonomy in all business decisions.
iii)
These are established under an act of Parliament.
iv)
Where national security is concerned, this form is most
suitable.
v)
This enterprise is financed directly from the government
treasury.
vi)
Indian Railways and Post and Telegraph are the examples of
this form of enterprise.
vii)
Minimum 51% of the paid up capital is held by the
government.
viii)
Hindustan Aircrafts is the example of this form of
enterprise.
Q:4 Maharashtra Pharmaceuticals Ltd,
registered under the companies Act, 1956, was started with a paid up capital of
Rs 50,00,000. 40% of this paid up capital is in
the hands of private individuals and balance is held by the government
of Maharashtra . Maharashtra Pharmaceuticals
Ltd belongs to which form of public sector enterprise. State its any two
features and any two merits.
Q:5 ABC Ltd is a leading marketing company of soft drinks. Its 32% of
total paid up capital is held by Central Government and 21% is by Delhi
Government.
i)
Identify the type of public sector enterprises in the above
statement.
ii)
State any four features of such an enterprise.
Q:6 Malhotra Ltd is a company established
in India Dubai and USA
i)
Identify the type of company Malhotra Ltd is?
ii)
State any of its four features.
Chapter:
4 Business Services
Q:1 It is a prime responsibility of he insured to take reasonable steps
to minimise loss/ damage to the insured property . Identify and explain the
principle of insurance highlighted in the given statement.
Q:2 Paul Ltd. insures its stock against fire for Rs 20 lakh. A fire
broke down and the total stock was lost. At the time of fire there was stock
worth RS 20 lakh. What is the value of compensation company would be entitled
to?
Q:3 Mr. Akshit gets his factory insured against fire of Rs 40 lakh with
insurer A and Rs 10 lakh insurer B. A loss of Rs 5 lakh occurred.
(a)
How much compensation can be claimed from A and B separately
and why? Name the principle of insurance highlighted in the above case.
(b)
The residues of the barat factory were sold for Rs 15,000.
Who will rightly avail the amount and why?
Q:4 Identify the principle of insurance
highlighted in the given statement :
(a)
To claim for insurance the insured must take reasonable
steps to minimise the loss.
(b)
Insured is entitled to recover the loss suffered by him, up to
the limit of policy amount.
(c)
The insured is expected to disclose all the important facts
related to the property insured.
(d)
Insured must have some economic interest in the subject –
matter of insurance contract.
Q:5 Sarthak Electronics Ltd. has a loss of
Rs 15,00,000 to pay. They are short of fund so they are trying to find means to
arrange fund. Their manager suggest to claim from 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 company against stock insured.
They will use the claim money to play loan.
(a)
Will the company receive claim if the surveyor from
insurance company comes to know the real cause of fire?
(b)
Write any two Values which the company ignore while planning
to arrange money from false claim.
(c)
State any three elements of fire insurance
Q:7 Rishabh has taken a life insurance
policy hiding the fact that he is a heart patient. Later on he dies of a heart
attack. Is insurance company liable to pay the insured amount to heirs of
Rishabh? Why?
Q:8 A company had undertaken a fire
insurance policy for Rs 5 lakh. After three months the company incurred a loss
of Rs 2.5 lakh due to fire. How much compensation? Name and explain the
principle also.
Q:9 Deepanshu is a very good friend of
shubham. Can Deepanshu take life insurance policy on the life of Shubham? Give
reason in support of your answer.
Q:10 Sail gets his godown insured (worth Rs
8 lakh) from three insurance companies X-(Rs 2 lakh), Y-(Rs 4 lakh), Z-(Rs 2
lakh). At the time of loss, the compensation is paid by insurance companies in
the ratio of 2:4:2. Which principle of insurance is applied here? Explain.
Q:11 Speed Ltd. is a transport company took
an accident insurance policy or all its vehicles. A truck of that company
carrying tomatoes met with an accident. Due to that accident there was no
damage to tomatoes but tomatoes were unloaded from truck and reloaded to
anther. Due to the time wasted in unloading and reloading the tomatoes got
spoiled will the company get compensation for loss of tomatoes from the
insurance company? Which principle of insurance is reflected in this case?
Explain that principle also.
Q:12 Mr. ‘H’ a husband took the life
insurance policy of Mrs. ‘W’ his wife. After one year , the couple got divorced
and after two years his wife died. Is husband ‘H’ entitled to got compensation
from the insurance company, if husband was regularly paying the premium amount?
Chapter:5 Emerging
Modes of Business
Q:1 Himanshu Ltd wanted to sell his mobile
phone but does not get any buyer. On his friends suggestion he posted the
mobile on sale on www.olx.com and found a
buyer within two days. Identify and explain the type of e-business highlighted
here.
Q:2 Amul Chocolate manufacturing company
wants to advertise their products. They appointed Premier Advertising Agency
for this purpose.
a)
Identify and explain the type of activity highlighted above.
b)
State any two benefits.
Q:3 Amulya purchased a mobile phone through online and payment was made
through internet by using his credit card.
a)
Identify the modern banking facility used by Aman.
b)
State any four benefits of this facility.
Q:4 Www.olx.com and qicker.com are
examples of well known websites used to conduct business. Tarasha’s sofa set
got spoilt in 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
inside. She found a buyer and sold it for Rs 10,000. After five days the buyer
found the real state of sofa set and called Tarasha but she did not answer any
of the call.
i)
identify the type of business highlighted in the above case.
ii)
Identify any two values which are overlooked by Tarasha.
Explain any two benefits
and limitations of e-business.
Sir inke solutions kha milenge
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