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Balbharti Maharashtra State Board 11th OCM Important Questions Chapter 8 Introduction to Management Important Questions and Answers.

Maharashtra State Board 11th Commerce OCM Important Questions Chapter 8 Introduction to Management

Select the correct option and rewrite the sentences

Question 1.
Management is a …………………. process.
(a) stable
(b) continuous
(c) one time
Answer:
(b) continuous

Question 2.
Formulating the plan is the main function of …………………. level management.
(a) top
(b) middle
(c) lower
Answer:
(a) top

Question 3.
Important, decisions in the business are made by ………………….
(a) management
(b) administration
(c) organisation.
Answer:
(b) administration

Question 4.
Management is a profession because it has ………………….
(a) specialised knowledge
(b) training facilities
(c) code of conduct.
Answer:
(a) specialised knowledge

Question 5.
According to views expressed by different management authorities, management and administration are ………………….
(a) synonymous
(b) different
(c) synonymous and different.
Answer:
(c) synonymous and different.

Question 6.
Management is an …………………. to co-ordinate groun efforts attaining the cherished goals of the business.
(a) activity
(b) process
(c) objective.
Answer:
(a) activity

Question 7.
…………………. is the basic and motivating factor of management.
(a) Human element
(b) Capital
(c) Direction.
Answer:
(a) Human element

Question 8.
Top management does …………………. and …………………. function.
(a) supervisory
(b) operative
(c) determination and administration.
Answer:
(c) determination and administration.

Question 9.
Management is a …………………. activity.
(a) group
(b) individual
(c) social.
Answer:
(a) group

Question 10.
Management is a …………………. science.
(a) social
(b) physical
(c) natural.
Answer:
(a) social

Question 11.
There are …………………. levels of management in a organisation.
(a) two
(b) four
(c) three.
Answer:
(c) three.

Question 12.
Management means to ………………….
(a) order
(b) co-ordinate
(c) help.
Answer:
(b) co-ordinate

Question 13.
Management motivates the emplovees to ………………….
(a) work hard
(b) take initiative
(c) earn more.
Answer:
(a) work hard

Question 14.
Management ensures the optimum use of ………………..
(a) blackmoney
(b) resources
(c) international market.
Answer:
(b) resources

Match the pairs

Question 1.

Part A	Part B
(a) Management	(1) Administration function
(b) Policy Making	(2) Human knowledge
(c) Thinking Function	(3) Top level management
(d) Doing Function	(4) Lower level management
(e) Top level management	(5) Middle level management
	(6) Management function
	(7) Knowledge of Administration
	(8) Board of Directors

Answer:

Part A	Part B
(a) Management	(2) Human knowledge
(b) Policy Making	(3) Top level management
(c) Thinking Function	(1) Administration function
(d) Doing Function	(6) Management function
(e) Top level management	(8) Board of Directors

Question 2.

Part A	Part B
(a) Management	(1) Regular practice
(b) Management as an Art	(2) Can be seen
(c) Top Level Management	(3) Administration
(d) Management as a Profession	(4) Universal in nature
(e) Lower Level Management	(5) Code of conduct
	(6) Evaluate performance
	(7) Foreman
	(8) Selective
	(9) Directing subordinates to complete task
	(10) Cause effect relationship

Answer:

Part A	Part B
(a) Management	(4) Universal in nature
(b) Management as an Art	(1) Regular practice
(c) Top Level Management	(6) Evaluate performance
(d) Management as a Profession	(5) Code of conduct
(e) Lower Level Management	(7) Foreman

Question 3.

Part A	Part B
(a) Systematic Body of knowledge	(1) Top level management
(b) Lower level management	(2) Management as an art.
(c) Management as universal process	(3) Board of Directors.
(d) Management as profession	(4) Practice oriented
(e) Direction and control.	(5) Service motive
	(6) Technical skills
	(7) Applicable to all organization.
	(8) Management as a science.
	(9) Applicable to business organization

Answer:

Part A	Part B
(a) Systematic Body of knowledge	(8) Management as a science.
(b) Lower level management	(6) Technical skills
(c) Management as universal process	(7) Applicable to all organization.
(d) Management as profession	(5) Service motive
(e) Direction and control.	(1) Top level management

Give one word / phrase / term

Question 1.
The activity which aims at achieving a definite goal.
Answer:
Management

Question 2.
Level of management requiring analytical or conceptual skill.
Answer:
Top level management

Question 3.
Another name for lower level management.
Answer:
Supervisory or Operational level

Question 4.
Level of management requiring human skills.
Answer:
Middle level management

Question 5.
Level of management which performs administrative functions.
Answer:
Top level management

Question 6.
Level of management that takes policy decision.
Answer:
Top level management

Question 7.
The highest level of management in the hierarchy.
Answer:
Top level management

Question 8.
The level which executes the policy.
Answer:
Middle level management

Question 9.
The level of management which requires few people.
Answer:
Top level management

Question 10.
The level of management which requires large number of persons.
Answer:
Lower level management

Question 11.
Levels of management which consists of supervisors and foremen.
Answer:
Lower level management

Question 12.
Level of management which consists of departmental managers.
Answer:
Middle level management

Question 13.
Level of management which consists of chairman and board of directors.
Answer:
Top level management

Question 14.
State the level of management in which Class-I executives are involved.
Answer:
Top level management

Question 15.
The art of directing and inspiring people.
Answer:
Management

Question 16.
The application of skill and knowledge to bring the desired result.
Answer:
Management as an art

Question 17.
Level of management that evaluates the performance of various departments.
Answer:
Top level management.

State True or False

Question 1.
There are no separate levels of management in an organization.
Answer:
False

Question 2.
Management aims at achieving goals for its organization.
Answer:
True

Question 3.
Management is an universal process.
Answer:
True

Question 4.
Management aims at achieving goals for its organization.
Answer:
True

Question 5.
Management is a profession.
Answer:
True

Question 6.
Management is a continuous process.
Answer:
True

Question 7.
Management aims at achieving business objectives.
Answer:
True

Question 8.
Objective of management is to obtain minimum output and maximum input.
Answer:
False

Question 9.
Management has to maintain good relations with all.
Answer:
True

Question 10.
Management is a perfect art.
Answer:
False

Question 11.
Management is neither a pure science nor a fine art.
Answer:
True

Question 12.
Profession do not have any ethics or code of conduct.
Answer:
False

Question 13.
Board of Directors are the part of lower management.
Answer:
False

Question 14.
The top level management is administrative in nature.
Answer:
True

Question 15.
The managers receive orders and instructions from lower level of management.
Answer:
False

Question 16.
Middle level management interprets and communicates the policies to top level management.
Answer:
False

Question 17.
Management is an art, a science and a profession.
Answer:
True

Question 18.
We cannot make any changes in the field of management.
Answer:
False

Question 19.
The professional manager does not need special knowledge and skill.
Answer:
False

Question 20.
Management is required to conduct business as well as non-business activity.
Answer:
True

Question 21.
Management helps in using the resources properly.
Answer:
True

Question 22.
Management is required even for a very small business.
Answer:
True

Question 23.
Management is an art only.
Answer:
False

Question 24.
Management cannot be considered as a business.
Answer:
True

Question 25.
Top level management performs the function of planning.
Answer:
True

Question 26.
Lower level management is engaged in the policy making.
Answer:
False

Question 27.
Levels of management are done according to the size of the organization.
Answer:
True

Find the odd one

Question 1.
Characteristics of Management Goal-oriented, Group Activity, Tangible, Continuous process.
Answer:
Tangible.

Complete the sentences

Question 1.
Administration is the involvement of ………………. management.
Answer:
Top

Question 2.
………………. deals with setting, seeking and reaching objectives.
Answer:
Management

Question 3.
Management has ………………. objectives.
Answer:
pre-determined

Question 4.
Supervisor level of management is directly linked to the ………………. functions of the firm.
Answer:
Routine

Question 5.
Lower level management is also known as ………………. management.
Answer:
Supervisory

Question 6.
………………. is an art of getting things done through others.
Answer:
Management

Question 7.
Generally there are ………………. levels of management in the organisation.
Answer:
Three

Question 8.
Management is ………………. oriented.
Answer:
Goal

Question 9.
Management is a ………………. science.
Answer:
Social

Question 10.
At the ………………. level of management, personnel are few.
Answer:
Top

Question 11.
Management means to ……………….
Answer:
Co-ordinate

Question 12.
Management has to satisfy unlimited want through limited ……………….
Answer:
Means

Question 13.
Management is an ………………. of getting work done through others.
Answer:
Art

Question 14.
Management is co-ordination of ………………. and physical resources.
Answer:
Human

Question 15.
A professional charges ………………. for his services.
Answer:
Fees

Question 16.
Management is done to achieve ……………….
Answer:
Goal/objective

Question 17.
Management is getting things done through ……………….
Answer:
Others

Question 18.
The word management is derived from Italian word ……………….
Answer:
Maneggiare

Question 19.
Implementation of policies is the function of ………………. level management.
Answer:
Lower

Question 20.
Every profession has a ………………. of conduct.
Answer:
Code

Question 21.
Management is derived from ………………. words.
Answer:
Two Latin.

Select the correct option

Question 1.
(Levels of Management, Lower Level Management, Management, Code of conduct, Board of Directors).

Part A	Part B
(1) Continuous Process	—————
(2) —————	Top Level Management
(3) Top, Middle, Lower	—————
(4) Profession	—————
(5) ————-	Lower Level Management

Answer:

Part A	Part B
(1) Continuous Process	Management
(2) Board of Directors	Top Level Management
(3) Top, Middle, Lower	Levels of Management
(4) Profession	Code of conduct
(5) Supervisory Level	Lower Level Management

Answer in one sentence

Question 1.
What is Italian word for ‘manage’.
Answer:
Italian word for ‘manage’ is ‘maneggiare’ meaning to handle.

Question 2.
Name the executive related to top level management.
Answer:
Executives related to top level management are – Board of Directors, President, Chief Executive Officer, Directors, etc.

Question 3.
Name the executives related to middle level management.
Answer:
Executives related to middle level management are Finance manger, Production manager, Sales manager, etc.

Correct the underlined word and rewrite the following sentences

Question 1.
Management is tangible in nature.
Answer:
Management is intangible in nature.

Question 2.
Management is one time process.
Answer:
Management is continuous process.

Question 3.
Administration is an art of getting things done through others.
Answer:
Management is an art of getting things done through others.

Question 4.
Management is static in character.
Answer:
Management is dynamic in character.

Question 5.
Top Level Management decides short term objectives of the organization.
Answer:
Top Level Management decides long term objectives of the organization.

Question 6.
Finance Manager is an example of lower level management.
Answer:
Superintendent is an example of lower level management.

Question 7.
Drawing, Cycling is a science.
Answer:
Drawing, Cycling is an art.

Study the following case/situation and express your opinion

1. Shankar Patil is an advocate and he is running his profession in a very good manner. His younger brother Prashant Patil has done very beautiful and artistic decoration of his brother’s office with seating arrangement and symbol of Justice as his hobby. Vishwas Patil, older brother of Shankar Patil is a science graduate and doing farming in best way. He exports the farm production.

On the basis of above information:
Question 1.
Identify the source of income of Shankar Patil.
Answer:
Shankar Patil is a lawyer by profession. He is practicing as a Lawyer / an advocate. He render his services to his clients and against that charges fee from them. So, ‘fee’ is the income source of Shankar Patil.

Question 2.
What is the qualification of Prashant Patil as a decorator?
Answer:
Prashant Patil may be or may not be a professional interior decorator. His hobby is decorating the office / houses. He may be an artist and an art does not require any formal education.

Question 3.
Mention two features of profession.
Answer:
Following are the features of profession:
1. Formal Education : Profession needs formal education. Today managers are qualified with management diploma or degrees. They take formal training from management schools which help them to work with perfection.

2. Restricted Entry : The entry in any profession is restricted. It needs a formal education. For example- Lawyer, Doctor, Interior designs, Architect, Chartered Accountant, etc. Such compulsion is not there for becoming a manager.

Justify the following statements

Question 1.
Management is an universal process.
Answer:

1. Management is applicable to all organization whether religious, social or cultural, educational or governmental or non-governmental.
2. All kind of organization have accepted management, as it is required everywhere.
3. Every activity which has to be performed by a group of persons requires effective planning, organizing, co-ordinating, and controlling.
4. Thus, management is an universal process.

Question 2.
There are levels of management in an organization.
Answer:

1. There are three levels of management in an organization.
2. The top level which consists of chairman, board of directors, etc takes care of formulating the board policies of the organization.
3. The middle level does the work of implementing and executing the orders to the lower level.
4. The lower level management does the actual and execution and operating activities.
5. All the three levels are important and they are dependent on each other.
6. Thus, all three levels are required for effective operation of the organization.

Question 3.
Management is a profession.
Answer:

1. It is a specialized body of knowledge and managers are required to have professional skill and training
   to be efficient.
2. It has certain ethical standards.
3. Its motive is service oriented.
4. It requires training which is formal.
5. Thus, Management is considered as a profession.

Question 4.
Management is neither a pure science nor a fine art.
Answer:

1. Management is said to be both an art and a science, as science teaches one to know and art teaches what to do.
2. Management is a science as it is a body of knowledge and generalisation that represents the truth and facts, but it is not a pure science like Physics, Chemistry and Biology.
3. Management is an art of applying the knowledge, but not pure fine arts like painting, dancing, etc.
4. Thus, Management is neither a pure science nor a fine art.

Question 5.
Profession has ethics or code of conduct.
Answer:

1. Profession is well-defined as an occupation which requires specialized skills and ethical standards.
2. Professional managers have to follow code of conduct and ethical standards laid down by the All India Management in India.
3. If they do not follow the code of conduct they can be derecognised and disqualified from the profession.
4. Thus, Profession has ethics and code of conduct.

Question 6.
Management is an art, a science and a profession.
Answer:

1. Management is an art because every manager has to apply his skills, intelligence, creativity for the efficient execution of management activities.
2. It is considered a science because it adopts the cause and effect relationship.
3. It has a scientific approach but deals in human behaviour, therefore called social science.
4. Management is also considered a profession because it is a specialized body of knowledge and managers are required to have professional skills and training to be efficient.
5. Thus, Management is an art, a science, and a profession.

Attempt the following

Question 1.
State the functions of lower-level management.
Answer:
The functions of lower-level management are as follows:

1. Planning day to day working.
2. Acting as a link between the middle level of management and workers.
3. Carrying out the instructions given by the middle-level management.
4. Delegating duties to workers, inspecting and supervising their work.
5. Attending to the problems of workers and making arrangements for their training and development.
6. To maintain discipline and good human relations among the workers.
7. Image building of the enterprise before workers and creating a sense of belongingness.
8. Ensuring the safety of workers, machines, tools, etc.
9. Making arrangements of materials and tools and preventing the misuse and wastage of such material.
10. Providing feedback information about the worker’s problems to the higher authorities.

Balbharti Maharashtra State Board 11th OCM Important Questions Chapter 5 Forms of Business Organisation – II Important Questions and Answers.

Maharashtra State Board 11th Commerce OCM Important Questions Chapter 5 Forms of Business Organisation – II

Select the correct option and rewrite the sentence

Question 1.
Multinational corporations have a network of subsidiaries in ………………
(a) several countries
(b) home countries
(c) state only
Answer:
(a) several countries

Question 2.
A multinational corporation operates in ………………..
(a) only one country
(b) developed countries
(c) all over the world
Answer:
(c) all over the world.

Question 3.
A multinational corporation is also known as ……………….
(a) global corporation
(b) regional corporation
(c) national corporation
Answer:
(a) global corporation

Question 4.
Government company is registered under …………………
(a) Special legislation
(b) Companies Act, 2013
(c) Banking Act 1949
Answer:
(b) Companies Act, 2013

Question 5.
Private sector enterprise is owned, managed and controlled by the …………………
(a) Individuals
(b) Government
(c) Board of directors
Answer:
(a) Individuals

Question 6.
Public sector enterprise is owned, managed and controlled by …………………
(a) individuals
(b) Government
(c) Board of Directors
Answer:
(b) Government

Question 7.
Private Enterprises invest their funds in …………………
(a) areas of social benefit
(b) areas where return is maximum
(c) any area
Answer:
(b) areas where return is maximum

Question 8.
Atleast ………………… of the capital of Government company is held by the Government.
(a) 51%
(b) 71%
(c) 50%
Answer:
(a) 51%

Question 9.
Public enterprises are financed by …………………
(a) Government
(b) private businessmen
(c) political leaders
Answer:
(a) Government

Question 10.
The nature and power of a statutory corporation is defined in …………………
(a) Indian Companies Act, 2013
(b) Special Statute
(c) Prospectus
Answer:
(b) Special Statute

Question 11.
……………….. is formed by a Special Act of Parliament.
(a) Private Enterprise
(b) Government Company
(c) Statutory Corporation
Answer:
(c) Statutory Corporation

Question 12.
Public enterprises are generally not runned on …………………
(a) service motive
(b) commercial lines
(c) profit motive
Answer:
(c) profit motive

Question 13.
………………… is an example of Public Corporation.
(a) Post and Telegraph
(b) LIC
(c) BHEL
Answer:
(b) LIC

Question 14.
………………… is an example of departmental undertaking.
(a) LIC
(b) Reliance
(c) Post and Telegraph
Answer:
(c) Post and Telegraph

Question 15.
………………… is the oldest form of Public Sector Organisation.
(a) MNC
(b) Government Company
(c) Departmental Undertaking
Answer:
(c) Departmental Undertaking

Question 16.
Departmental organisations are accountable to ………………… for all their actions.
(a) Government
(b) Ministry
(c) Public
Answer:
(b) Ministry

Question 17.
The technological gap between the developed and developing countries is bridged by the …………………
(a) MNC
(b) Government Company
(c) Private enterprises
Answer:
(a) MNC

Match the pairs

Question 1.

Part A	Part B
(a) Departmental Organisation	(1) Private sector
(b) Statutory Company	(2) Operates globally
(c) Multinational Corporation	(3) Profit oriented
(d) Public sector Organisation	(4) Objective based agreement
(e) Government Company	(5) Service oriented
	(6) Established by passing a special act
	(7) 51% paid up capital by Government
	(8) Sole trading
	(9) Owned by government
	(10) Temporary partnership

Answer:

Part A	Part B
(a) Departmental Organisation	(9) Owned by government
(b) Statutory Company	(6) Established by passing a special act
(c) Multinational Corporation	(2) Operates globally
(d) Public sector Organisation	(5) Service oriented
(e) Government Company	(7) 51% paid up capital by Government

Question 2.

Part A	Part B
(a) Railways	(1) Statutory Corporation
(b) Government Company	(2) Decentralisation of control
(c) Multinational Company	(3) Not answerable to the Legislature
(d) Unit Trust of India	(4) National Thermal Power Corporation (NTPC)
(e) Statutory Corporation	(5) Departmental organisation
	(6) Centralised control of their branches
	(7) Answerable to the Legislature
	(8) Bajaj Electricals Pvt. Ltd.
	(9) Owned by private individuals

Answer:

Part A	Part B
(a) Railways	(5) Departmental organisation
(b) Government Company	(4) National Thermal Power Corporation (NTPC)
(c) Multinational Company	(6) Centralised control of their branches
(d) Unit Trust of India	(1) Statutory Corporation
(e) Statutory Corporation	(7) Answerable to the Legislature

Give one word / phrase / term

Question 1.
A company which is incorporated in one country and has business units in several countries.
Answer:
Multinational Corporation

Question 2.
A company where 51% of paid up capital is held by the Central or State government.
Answer:
Government company

Question 3.
Autonomous corporate body created by Special Act of Parliament.
Answer:
Statutory Corporation.

State True or False

Question 1.
Public enterprises are owned, managed and controlled by public.
Answer:
False

Question 2.
Multinational companies have branches throughout the world.
Answer:
True

Question 3.
Public enterprises have public accountability.
Answer:
True

Question 14.
Departmental organisations have right to borrow funds from outside.
Answer:
False

Question 5.
The main aim of private sector is to render services to the public.
Answer:
False

Question 6.
Government Company is registered under special legislation.
Answer:
False

Question 7.
Statutory Corporations need not follow the Companies Act, 2013.
Answer:
True

Question 8.
Government Companies enjoy legal status.
Answer:
True

Question 9.
Government interference is more in public sector enterprises.
Answer:
True

Question 10.
Multinational Companies help the host companies.
Answer:
True

Find the odd word out

Question 1.
National Thermal Power Corporations, Bharat Heavy Electricals Limited, Hindustan Machine Tools, LIC.
Answer:
LIC

Question 2.
Bata India, RBI, Infosys, Tata Motors.
Answer:
RBI

Question 3.
Sole Trading Concern, Joint Hindu Family Firm, Statutory Corporation, Joint Stock Company.
Answer:
Statutory Corporation

Question 4.
Unit Trust of India, Shipping Corporation of India, Indian Space Research Organisation, Yes Bank.
Answer:
Yes Bank

Question 5.
Samsung, IBM, Amazon, Patanjali.
Answer:
Patanjali

Question 6.
National Tiger conservation Authority, Securities and Exchange Board of India, State Bank of India, Indian Post and Telegraphs.
Answer:
SBI

Question 7.
Flipkart, Google, HP, Canara Bank.
Answer:
Canara Bank

Question 8.
Oriental Bank, Vijaya Bank, Andhra Bank, HDFC Bank.
Answer:
HDFC Bank

Question 9.
MTNL, BSNL, Vodofone, Air India.
Answer:
Air India

Question 10.
Air India, Indian Airlines, Spicejet.
Answer:
Spicejet

Question 11.
Tata, Reliance, Airtel, BSNL.
Answer:
BSNL

Question 12.
Coca Cola India, Hindustan Unilever, IBM, SAIL.
Answer:
SAIL

Question 13.
Railways, Post and Telegraph, Defence, RBI.
Answer:
RBI.

Complete the sentences

Question 1.
The main aim of private sector enterprises is to earn …………………
Answer:
profit

Question 2.
The main aim of public sector enterprises is to render …………………
Answer:
service

Question 3.
A government company may be a private limited company or a …………………
Answer:
public limited company

Question 4.
A company formed by passing a special act in the parliament or legislature is ………………… company.
Answer:
statutory

Question 5.
MNCs have the need of ………………… capital.
Answer:
huge

Question 6.
Profit maximization is the ultimate goal of ………………… sector.
Answer:
private

Question 7.
Departmental organisations are accountable to ………………… for all their actions.
Answer:
ministry (Parliament)

Question 8.
Departmental undertakings are a source of revenue to ………………… treasury.
Answer:
Government

Question 9.
Reserve Bank of India is an example of …………………
Answer:
Statutory Corporation

Question 10.
A company which is incorporated in one country and has business units in several countries is called …………………
Answer:
Multinational-Corporation

Question 11.
Post and Telegraph is an example of …………………
Answer:
Departmental Undertaking.

Select the correct option

Question 1.
(Multinational Corporation, Private Sector Organisations, Departmental Organisations, Statutory Corporation, Government Company)

Part A	Part B
(1) 51% paid up capital held by Central Government	…………………
(2) ………………..	Autonomous Corporate Body
(3) Owned by Private individuals	…………………
(4) ………………..	Operates Globally
(5) ……………….	Controlled by Concerned Ministry

Answer:

Part A	Part B
(1) 51% paid up capital held by Central Government	Government Company
(2) Statutory Corporation	Autonomous Corporate Body
(3) Owned by Private individuals	Private Sector Organisation
(4) Multinational Corporation	Operates Globally
(5) Departmental Organisations	Controlled by Concerned Ministry

Question 2.
(Statutory Corporation, Government Company, Multinational Corporation, Departmental Organisation)

Part A	Part B
(1) BATA India	………………….
(2) ………………….	Post Office, Railways, etc.
(3) Reserve Bank of India	…………………
(4) ………………….	BHEL

Answer:

Part A	Part B
(1) BATA India	Multinational Corporation
(2) Departmental Organisation	Post Office, Railways, etc.
(3) Reserve Bank of India	Statutory Corporation
(4) Government Company	BHEL

Correct the underlined word and rewrite the following sentences

Question 1.
Multinational Corporation is relatively free from Red tapism.
Answer:
Statutory Corporation is relatively free from Red tapism.

Question 2.
Infosvs is an example of Government Company.
Answer:
HMT is an example of Government Company.

Question 3.
Private Sector aims at providing services to customers.
Answer:
Private Sector aims at profit maximisation.

Question 4.
Private sector is owned by Government.
Answer:
Private sector is owned by individuals.

Question 5.
Defence Industry is an example of Statutory Corporation.
Answer:
Reserve Bank of India is an example of Statutory Corporation.

Question 6.
Departmental Organisation is financed by shareholders.
Answer:
Departmental Organisation is financed by annual budget.

Question 7.
Departmental Organisation has separate Legal entity.
Answer:
Government Company has separate Legal entity.

Question 8.
MNC operates at national level.
Answer:
MNC operates at global level.

Justify the following statements

Question 1.
Departmental organisations do not have right to borrow funds from outside.
Ans:

1. Department organisations is financed by annual appropriation from the treasury and its revenue also goes into Treasury.
2. This enterprise cannot borrow money from the public as enterprise is financed by the government and hence the government controls its affairs. Hence, answerable for its performance to the Parliament.
3. Government consent is required to borrow from public, if need arises.
4. Thus, Departmental organisations have no right to borrow funds from outside.

Question 2.
Statutory Corporations need not follow the Companies Act, 2013.
Ans:

1. Statutory corporation is formed or created by passing a Special Act in Parliament or State legislature.
2. The Act or Special Statute which is passed in the Parliament defines it powers, objectives, aims, duties, functions, rules and regulations governing its employees and its relationship with the Government department.
3. Statutory Corporation prepare its own budgets and recruits employees on the terms and conditions determined by its Board of Directors.
4. As Statutory Corporation is regulated as per the provisions made in Special Act of Parliament or State Legislature, it need not follow the provisions and directives given as per the Indian Companies Act, 2013. They need not have a Memorandum of Association or Articles as they have to strictly follow the Special statute.
5. Thus, Statutory corporation need not follow the Companies Act.

Question 3.
Government Companies enjoy legal status.
Answer:

1. Government Company is one in which not less than 51% of the share capital is held by the Central Government or State Government or part by Centre and part by State.
2. Government Companies are registered under Indian Companies Act, 2013 and its working is as per the Act and hence has distinct legal entity apart from the government,
3. Being a company registered under 2013 Act, it has all features like common seal, limited liability, stability, etc. It can enter into contracts and acquire property in its own name.
4. Thus, Government Company enjoys legal status or management is in the hands of Board of Directors and ownership is with Government.

Question 4.
Government interference is more in public sector enterprises.
Answer:

1. Public enterprises are accountable to the public and Government as the money is financed by the annual budget.
2. Public sector is welfare oriented and not profit oriented as public sector carries out work which is essential in the larger interest of public like making roads, bridges, flyovers, etc.
3. Various Parliamentary committees are set up to scrutinise the working of public enterprises and the reports are tabled before the Parliament.
4. The PSE’s do not enjoy financial autonomy, operational or administrative autonomy.
5. Thus, more government interference in public sector enterprises.

Question 5.
Multinational Companies help the host companies.
Answer:

1. MNC’s offer growth opportunities for domestic firms. They help domestic producers to enter the global markets through their international network of production and marketing.
2. MNC’s provide ready markets for raw materials or semi-finished goods produced by the local producers in the host countries.
3. The entry of MNC’s in the domestic market tends to break the monopoly of the selected few domestic companies. Due to this consumers in the host countries are benefited.
4. MNC’s help host countries by providing new sophisticated technology.
5. Thus, due to their global presence and superior marketing skills, MNC’s are in a position to help the host companies.

Balbharti Maharashtra State Board 11th OCM Important Questions Chapter 4 Forms of Business Organisation – I Important Questions and Answers.

Maharashtra State Board 11th Commerce OCM Important Questions Chapter 4 Forms of Business Organisation – I

Select the Correct option and rewrite the sentence

Question 1.
A sole trading concern is a ………………. form of organization.
(a) private sector
(b) public sector
(c) none of these
Answer:
(a) private sector

Question 2.
A sole trading concern has ………………. liability.
(a) limited
(b) unlimited
(c) restricted
Answer:
(b) unlimited

Question 3.
Indian Partnership Act was passed in the year ………………..
(a) 1923
(b) 1956
(c) 1932
Answer:
(c) 1932

Question 4.
Minimum number of persons to start a public limited company is ……………..
(a) 2
(b) 7
(c) 10
Answer:
(b) 7

Question 5.
The minimum number of directors in a private company is ……………….
(a) 3
(b) 2
(c) 5
Answer:
(b) 2

Question 6.
Business organisation which is controlled by Hindu Succession Act is known as …………….
(a) Joint Stock Company
(b) Partnership Firm
(c) Joint Hindu Family Firm
Answer:
(c) Joint Hindu Family Firm

Question 7.
Limited managerial skill is the ……………… of Joint Hindu family business.
(a) feature
(b) limitation
(c) advantage
Answer:
(b) limitation

Question 8.
The Karta in Joint Hindu Family business has ……………… liability.
(a) unlimited
(b) limited
(c) joint
Answer:
(a) unlimited

Question 9.
The maximum number of partners for a firm carrying on banking business is ………………..
(a) Ten
(b) Twenty
(c) Seven
Answer:
(a) Ten

Question 10.
In partnership firm the liability of partners is …………….
(a) limited
(b) unlimited
(c) none of above
Answer:
(b) unlimited

Question 11.
In a partnership firm every partner is the principal as well as the ……………….
(a) agent
(b) karta
(c) partner
Answer:
(a) agent

Question 12.
In a co-operative society the principle followed is ………………
(a) one share one vote
(b) one man one vote
(c) no vote
Answer:
(b) one man one vote

Question 13.
From the point of continuity ………………… business organisation is the most suitable.
(a) company
(b) partnership
(c) sole proprietorship
Answer:
(a) company

Question 14.
A sole trading concern is ……………….. form of business organisation.
(a) latest
(b) oldest
(c) recent
Answer:
(b) oldest

Question 15.
Members of a partnership firm are individually known as ………………..
(a) partner
(b) agent
(c) co-parcener
Answer:
(a) partner

Question 16.
Joint Hindu Family business exists in …………….. only.
(a) India
(b) England
(c) all the countries
Answer:
(a) India

Question 17.
The Karta is ………………. liable for business debts.
(a) not
(b) jointly
(c) personally
Answer:
(c) personally

Question 18.
Management of a Co-operative Society is ………………….
(a) personal
(b) joint
(c) democratic
Answer:
(c) democratic

Question 19.
Rules for working of a Co-operative Society are called …………………
(a) Bye-laws
(b) Articles of Association
(c) Memorandum
Answer:
(a) Bye-laws

Question 20.
The nature …………………. of organisation is service oriented.
(a) Sole Trader
(b) Joint Stock Company
(c) Co-operative Society
Answer:
(c) Co-operative Society

Match the pairs

Question 1.

Group A	Group B
(a) Registration of a Company	(1) International Market
(b) Sole Trading Concern	(2) Minimum no. of members is 10
(c) Co-operative society	(3) Voluntary
(d) Joint Hindu Family Firm	(4) Partners
(e) Active partners	(5) Local market
	(6) Co-parceners
	(7) Compulsory
	(8) Minimum no. of member is 5
	(9) Who lends his name
	(10) Takes active part in business

Answer:

Group A	Group B
(a) Registration of a Company	(7) Compulsory
(b) Sole Trading Concern	(5) Local market
(c) Co-operative society	(2) Minimum no. of members is 10
(d) Joint Hindu Family Firm	(6) Co-parceners
(e) Active partners	(10) Takes active part in business

Question 2.

Group A	Group B
(a) Indian Companies Act	(1) 1912
(b) Indian Co-operative Society’s Act	(2) Joint Hindu Family Firm
(c) The Hindu Succession Act	(3) Sole Trading Concern
(d) Indian Partnership Act	(4) 1907
(e) No Separate Act	(5) 1923
	(6) 1947
	(7) 2013
	(8) 1956
	(9) 1932
	(10) 1958

Answer:

Group A	Group B
(a) Indian Companies Act	(7) 2013
(b) Indian Co-operative Society’s Act	(1) 1912
(c) The Hindu Succession Act	(8) 1956
(d) Indian Partnership Act	(9) 1932
(e) No Separate Act	(3) Sole Trading Concern

Give one word/phrase/term.

Question 1.
Persons who enter into partnership business.
Answer:
Partners

Question 2.
The rules and regulations laid down by the managing committee of a co-operative society.
Answer:
Bye-laws

Question 3.
The commercial organization which ensures maximum secrecy.
Answer:
Sole trading concern

Question 4.
Kind of partnership formed under the Indian Partnership Act.
Answer:
General Partnership

Question 5.
Another name for a sleeping partner.
Answer:
Dormant partner

Question 6.
Name the kind of company in which there is non-transferability of shares.
Answer:
Private Limited Company

Question 7.
The business organization which has minimum ten members.
Answer:
Co-operative organization

Question 8.
The type of commercial organization established for providing services to its members.
Answer:
Co-operative organization

Question 9.
The rules and regulations laid down by the managing committee of a co-operative organization.
Answer:
Bye-laws

Question 10.
An artificial person created by law.
Answer:
Joint Stock Company

Question 11.
The seniormost family member of Joint Hindu Family Firm.
Answer:
Karta

Question 12.
The members of the Joint Hindu Family firm.
Answer:
Co-parceners

Question 13.
A partner in partnership firm who takes active participation in day to day work.
Answer:
Active partner

Question 14.
A business organization with a single owner.
Answer:
Sole Trading Concern

Question 15.
A partnership agreement in writing.
Answer:
Partnership Deed

Question 16.
The members of the Joint Hindu Family Firm.
Answer:
Co-parceners

Question 17.
The principle of the co-operative societies.
Answer:
Each of all, all for each

Question 18.
An organization which enjoys a separate legal existence.
Answer:
Joint Stock Company

Question 19.
A symbol of a company’s incorporate existence substitutes for its signature.
Answer:
Common seal

Question 20.
A company which need not obtain Trading Certificate.
Answer:
Private Limited Company

Question 21.
A company which can start business after obtaining Certificate of Incorporation.
Answer:
Private Limited Company.

State True or False

Question 1.
The members of the Joint Hindu Family Firm are called partners.
Answer:
False

Question 2.
The principle of one member one vote is followed in a Joint Stock Company.
Answer:
False

Question 3.
A public limited company can start business after getting the Certificate of Incorporation.
Answer:
False

Question 4.
There is no limit for membership in Joint Hindu Family Business.
Answer:
True

Question 5.
The liability of a Karta in a Joint Hindu Family Firm is limited.
Answer:
False

Question 6.
The maximum number of members in Joint Hindu Family is 20.
Answer:
False

Question 7.
Company form of organization has developed before industrial revolution.
Answer:
False

Question 8.
Shareholders can manage the business.
Answer:
False

Question 9.
The ownership and management are not separate in Joint Stock Company.
Answer:
False

Question 10.
The main purpose of a co-operative organization is to earn profit.
Answer:
False

Find the odd one

Question 1.
Sole Trading Concern, Partnership Firm, Joint Stock Company, Co-operative Society.
Answer:
Co-operative Society

Question 2.
Sleeping partner, Quasi partner, Co-parcener, Sub-partner.
Answer:
Co-parcener

Question 3.
Partnership at will, Partnership for a particular period, Limited Liability Partnership, Partnership for a particular venture.
Answer:
Limited Liability Partnership

Question 4.
Nominal partner, Active partner, Dormant partner, Minor as a partner.
Answer:
Minor as a partner

Question 5.
Grocery shop, Beauty parlour, Gift shop, Reliance Ltd.
Answer:
Reliance Ltd.

Question 6.
Hindustan Petroleum, Amul India, Mahindra & Mahindra, Renault India.
Answer:
Amul India

Question 7.
Karta, Partnership Deed, Co-parceners, Hindu Law.
Answer:
Partnership Deed

Question 8.
One Share One Vote, Service motive, Common seal, Perpetual succession.
Answer:
Service motive

Question 9.
One man show, Sole trader, Co-parceners, Single ownership.
Answer:
Co-parceners

Question 10.
Joint management, Principal agent relationship, Separate legal entity, Joint ownership.
Answer:
Separate legal entity

Question 11.
Partnership at will, Partnership for particular period, Partnership for particular venture, Limited Liability Partnership.
Answer:
Limited Liability Partnership

Question 12.
Mitakshara, Shareholders, Dayabhaga, Karta.
Answer:
Shareholder

Question 13.
One Member One Vote, Open membership, Prospectus, Service motive.
Answer:
Prospectus

Complete the sentences

Question 1.
The address of registered office of a company is mentioned in the …………………
Answer:
Memorandum of Association

Question 2.
A Sole Trading concern is best suitable for ……………………
Answer:
self employment

Question 3.
A Joint Stock company enjoys continuous and ………………… life.
Answer:
stable.

Complete the following table

Question 1.
(Consumer co-operatives, Partnership for a fixed period, Sole trading concern, Karta, Secret partner.)

Group A	Group B
(i) Apana Bazar	…………………
(ii) …………………	takes utmost care of business in a Joint Hindu Family Firm
(iii) Partnership formed for 6 months	…………………
(iv) …………………	is not known to third parties in a partnership.
(v) No sharing of profits and risks is a feature of	…………………

Answer:

Group A	Group B
(i) Apana Bazar	Consumer Co-operatives
(ii) Karta	takes utmost care of business in a Joint Hindu Family Firm
(iii) Partnership formed for 6 months	Partnership for a fixed period
(iv) Secret partner	is not known to third parties in a partnership.
(v) No sharing of profits and risks is a feature of	Sole Trading Concern

Question 2.
(Sole trading concern, Joint Hindu Family Business, Minimum 2 directors, Partnership Firm, Co-operative Societies.)

Group A	Group B
(i) Private Company	…………………
(ii) …………………	Beauty parlour
(iii) Principal-Agent relationship	…………………
(iv) Tax Concession	…………………
(v)  …………………	Partition of business

Answer:

Group A	Group B
(i) Private Company	Minimum 2 directors
(ii)  Sole Trading Concern	Beauty parlour
(iii) Principal-Agent relationship	Partnership Firm
(iv) Tax Concession	Co-operative Societies
(v)  Joint Hindu Family Business	Partition of business

Question 3.
(Partnership Firm, Sole Trading Concern, Partnership firm, Co-operative Societies, Private company.)

Group A	Group B
(i) …………………	Minimum 7 members
(ii) …………………	Minimum paid up capital Rs 1,00,000
(iii) Owned and controlled by one person	…………………
(iv) Registration Compulsory in Maharashtra	…………………
(v)  …………………	Democratic Management

Answer:

Group A	Group B
(i) Public Company	Minimum 7 members
(ii) Private Company	Minimum paid up capital Rs 1,00,000
(iii) Owned and controlled by one person	Sole Trading Concern
(iv) Registration Compulsory in Maharashtra	Partnership firm
(v)  Co-operative societies	Democratic Management

Answer in one sentences

Question 1.
What is the meaning of unlimited liability?
Answer:
Unlimited liability means if a businessman becomes insolvent and if his business assets are insufficient to pay off his business liabilities, he will have to use his private property in order to pay off his business debts.

Question 2.
Who has unlimited liability in the Joint Hindu Family Firm?
Answer:
The Karta has unlimited liability in the Joint Hindu Family Firm.

Question 3.
Who are the Board of Directors of a Company?
Answer:
Elected representatives of the shareholders are called the Board of Directors.

Question 4.
What are the members of the Joint Hindu Family called?
Answer:
The members of the Joint Hindu Family are called as Co-parceners.

Question 5.
What are Co-operating farming societies?
Answer:
Co-operative farming societies are the voluntary associations of small farmers who come together to obtain the benefits of large scale farming.

Question 6.
What are marketing co-operatives?
Answer:
Marketing co-operatives are the voluntary associations of independent producers who are willing to sell their products output at a remunerative prices.

Question 7.
What are credit co-operatives?
Answer:
Credit co-operatives are the co-operative societies which are formed by the poor people to provide financial help and to develop the habit of savings among the members.

Question 8.
What is partnership deed?
Answer:
Partnership deed is an agreement in writing which includes terms and conditions of partnership firm.

Question 9.
Who is dormant partner?
Answer:
A dormant partner is a partner in a partnership firm who contribute capital, shares profit and contributes to the losses of the firm, but does not take active participation in the working of the firm.

Correct the underlined word and rewrite the following sentences.

Question 1.
The partnership business has less capital as compared to Sole Trading concern.
Answer:
The partnership business has more capital as compared to Sole Trading concern.

Question 2.
Joint Hindu Family Business exists outside India.
Answer:
Joint Hindu Family Business exists only in India.

Question 3.
The liability of the co-parceners is unlimited in a Joint Hindu Family firm.
Answer:
The liability of the co-parceners is limited in a Joint Hindu Family firm.

Question 4.
Co-operative society is a compulsory association of individuals to provide services to its members.
Answer:
Co-operative society is a voluntary association of individuals to provide services to its members.

Question 5.
Formation of a Joint Stock company is easy.
Answer:
Formation of a Joint Stock company is complicated.

Question 6.
There is more scope for expansion in a Co-operative society.
Answer:
There is less scope for expansion in a Co-operative society.

Question 7.
In a Public company, there are minimum 2 fTwol Director’s.
Answer:
In a Public company, there are minimum 3 (Three) Director’s.

Question 8.
The registration of a Sole Trading concern is compulsory.
Answer:
The registration of a sole trading concern is not compulsory.

Explain the following terms/concepts

Question 1.
Active Partner.
Answer:

1. A partner who takes active participation in day-to-day working of the firm, is called as active partner.
2. He is also called as ordinary/general/ actual/ working partner.
3. He acts as a manager, organizer, advisor and controller of the firm.

Question 2.
Dormant Partner
Answer:

1. A partner who does not take active participation in day-to-day working of the firm, is called as dormant partner or sleeping partner.
2. He contributes to the capital of the firm and also shares profit or loss of the business firm.
3. He is liable for the debts of the firm.
4. He cannot find the business firm or third party by his acts.

Question 3.
Unlimited Liability
Answer:

1. It means that there is no distinction made between personal property and business property of a person. It further means that if business assets are not sufficient to pay off liabilities of a business than personal property of a person holding business will be attached to business property.
2. Sole trader in case of sole trading concern, partners in case of partnership firm, Karta in case of Joint Hindu Family Business, has unlimited liabilities.

Question 4.
Principal – Agent Relationship
Answer:

1. This term is related to partnership firm of organizations.
2. In partnership firm all partners are the joint owners of the business and all takes part in the management of the business.
3. Hence, every partner acts in dual role in partnership firm i.e.
   (a) When within the firm they act as ‘Principal’ and
   (b) When they deal with outsiders they act as an ‘Agent’.

Question 5.
Producer’s Co-operatives
Answer:

1. They are voluntary associations of small producers and artisans, who come together to face the competition and increase the productions.
2. Producers Co-operatives are of 2 types – (a) Industrial Service Co-operatives and (b) Manufacturing Co-operatives.
3. Such co-operatives sells the output of members in the market and then profits are distributed among the members.
4. They provide raw materials, implements tools, technical guidance to members on easy terms.

Question 6.
Housing Co-operatives
Answer:

1. Housing Co-operatives are owned by the residents.
2. Such societies purchases the land, develops it, constructs houses, etc. and allot them to members.
3. They arrange loans from Government and Non-Government sources.

Question 7.
Common Seal
Answer:

1. A company being an artificial person cannot sign on its own.
2. So, the law requires, every company to have its seal, bearing its name on it.
3. Common seal is a symbol of company’s incorporate existence. It is like a signature of the company.
4. It has to be affixed on all the important documents of the company.
5. It has to be witnessed by a Company Secretary and minimum 2 directors.

Study the following case/situation and express your opinion

1. Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by profession running a firm namely ‘Buildsheet’ in Nagpur.

Question 1.
Identify business in above example.
Answer:
Partnership firm

Question 2.
Comment on it?
Answer:
It is a voluntary association of two persons with a common objective in mind.

Question 3.
Which two professions are mentioned here?
Answer:
A Chartered Accountant and an Architect.

2. Ram and Rahim have formed a Joint Stock company to produce and sell toys with a paid up capital of Rs 2,00,000.

Question 1.
Name the type of company.
Answer:
Private Limited Company.

Question 2.
List two features of the company.
Answer:
(a) Minimum 2 members are required to form a private company.
(b) Minimum paid up capital required is Rs 1,00,000.

3. Rahul is the only owner of his restaurant. All the assets belongs to him.

Question 1.
Name the type of business organisation.
Answer:
Sole Trading Concern.

Question 2.
State two features.
Answer:
(a) Single ownership
(b) No separate entity

4. Ajit Brothers is a firm formed for the specific purpose of constructing a bridge.

Question 1.
Name this type of business.
Answer:
Partnership for a particular venture or particular partnership.

Question 2.
When does this business dissolve?
Answer:
This business will dissolve on the completion of the venture i.e. after completing the bridge.

5. Employees Union of Hindustan Mills start a retail shop to provide cloth at reasonable price to its members.

Question 1.
Identify the form of business organisation.
Answer:
The type of organisation is Co-operative society.

Question 2.
State two features of the organisation.
Answer:
(a) Voluntary membership
(b) Service motive

6. Teachers of different colleges in Mumbai form an association to buy land and construct flats for them.

Question 1.
Name the form of business organisation.
Answer:
Co-operative Society

Question 2.
Is the association of members voluntary or compulsory.
Answer:
The association is voluntary, as it is one of the features of the Co-operative Society.

7. Mr. Shyam is a shareholder of Coal India Limited. He is in need of money. He transfers his shares to another person.

Question 1.
Name the kind of company.
Answer:
Public Limited Company

Question 2.
Can he transfer his shares.
Answer:
Yes, he can transfer his shares to anyone as it is one of the main features of a Public Limited Company.

8. If the business is a sole trading concern with a capital of Rs 25,000, but the debts are amounting to Rs 50,000.

Question 1.
Is the entrepreneur liable to pay his creditors.
Answer:
Yes, he has to pay to his creditors.

Question 2.
Give reasons.
Answer:
A sole trading concern has unlimited liability therefore, he has to pay his creditors by selling off his private property.

9. Amul – the taste of India started 65 years ago in 1946 in Anand.

Question 1.
Name the type of business organisation.
Answer:
Co-operative Society

Question 2.
What was the mission for starting AMUL.
Answer:
AMUL was started with a mission to stop the exploitation of farmers by middlemen.

Distinguish between the following

Question 1.
Joint Hindu Family Firm and Sole Trading Concern.
Answer:

	Joint Hindu Family	Sole Trading Concern
Meaning	In Joint Hindu Family Firm, the Joint Hindu Family conducts business according to Hindu Laws.	Sole Trading Concern is owned and controlled by one person.
Formation	Joint Hindu Family Firm comes into existence by operation of Hindu Law.	Sole Trading Concern can be formed easily. It is started as soon as the owner decides.
Number of Members	Membership of the firm depends upon the birth and death in the family. There is no limit on membership.	Sole Trading Concern is owned by a single person.
Sharing of Profits/Losses	The profits and losses shared between Karta and Co-parceners.	The sole trader alone enjoys all the profits of business. He alone bears the losses of business.
Liability	Karta has unlimited liability. The liability of Co-parceners is limited.	The sole trader has unlimited liability.
Act	Joint Hindu Family Firm follows the Hindu Succession Act, 1956.	There is no special legislation governing the sole trading concern.
Stability	Comparatively more stability because if Karta dies, the next seniormost family member can take over the business.	There is no stability as life of the organization depends upon the survival of the sole trader.
Capital	More finance is available with the firm. Therefore, there is more capital.	Sole trader has limited funds. Therefore, the concern has limited capital.
Ownership	Assets and property of business is jointly owned by family members.	Assets and properties of business are owned by the sole trader.
Efforts and Rewards	There is no direct relation between efforts and rewards.	There is a direct relation between efforts and rewards.

Question 2.
Partnership Firm and Joint Stock Company.
Answer:

	Partnership Firm	Joint Stock Company
Meaning	Partnership firm is controlled by two or more persons called as partners.	Joint Stock Company is an incorporated voluntary association created by law, having an independent legal status, owned by shareholders and managed by Directors.
Act	Partnership firm is governed by Indian Partnership Act, 1932.	Joint Stock Companies are governed by Indian Companies Act, 2013.
Membership	Minimum two partners and Maximum 50 partners.	Private company- Minimum – 2 Maximum – 200Public company- Minimum – 7 Maximum – No limit
Liability	The liability of partners is unlimited, joint and several.	The liability of shareholders is limited. Up to the unpaid amount of shares held by them.
Ownership & Management	Partners are owners and managers of the firm.	Joint Stock Company is owned by shareholders of the company and managed by Board of Directors.
Formation	The formation is simple and less costly. Only an oral or written agreement is needed between partners.	Formation of a Joint Stock Company is. difficult, costly and time-consuming.
Stability	A partnership firm does not enjoy a stable life. Life of the firm is affected by death, insolvency or lunacy of even one partner.	Joint Stock Company has a long and stable life. It has perpetual succession. Life of the company is not affected by death, insolvency or lunacy of any member or Director.
Registration	Registration of a partnership firm is optional. It is compulsory in the State of Maharashtra.	Registration of a Joint Stock Company is compulsory.
Legal Status	A partnership firm has no legal status that is distinct from its members.	A Joint Stock Company has a separate legal status.
Transfer of Shares	A partner can transfer his share only with the consent of other partners.	Shares of a public company are freely transferable.
Authority of Members	A partner has implied authority. He is an agent of the firm.	A shareholder has no implied authority.
Winding up	A partnership firm can be easily dissolved. There are not much legal formalities for winding up the firm.	A Joint Stock Company can be dissolved only by the court. A proper procedure has to be followed for dissolving the company.

Question 3.
Sole Trading Concern and Joint Stock Company.
Answer:

	Sole Trading Concern	Joint Stock Company
Meaning	Sole proprietorship is owned, managed and controlled by one person.	Joint Stock Company is an incorporated association created by law, having an independent legal status, owned by shareholders and managed by board of directors.
Formation	Sole trading concern can be formed easily. It is started as soon as the owner decides.	Formation of a Joint Stock Company is difficult, costly and time-consuming. There are many legal formalities needed to form a joint stock company.
Liability	The sole trader has unlimited liability.	Shareholders have limited liability. It depends upon unpaid value of shares.
Numbers of Member	Sole trading concern is owned by a single person.	The minimum number of persons needed to start a private company is two and maximum is fifty. Minimum number of public company is seven and maximum is unlimited.
Registration	Sole trading concern need not be registered.	Joint Stock Company has to be compulsorily registered.
Act	There is no Act for a Sole Trading Concern.	Companies have to follow Indian Companies Act, 2013.
Legal Status	A Sole Trading Concern does not have a legal status.	Joint Stock Company has a legal status.
Secrecy	It is possible to have maximum business secrecy in a Sole Trading Concern.	Business Secrecy cannot be maintained’. Books of accounts have to be kept open for inspection to shareholders.
Capital	As there is only one owner, less capital is available for business.	Capital is collected from shareholders in the form of shares. Huge capital can be collected for business.
Stability	A Sole Trading Concern does not have a stable life. Life of the sole trader and his concern are one and the same.	The company enjoys a long stable life.

Answer in brief

Question 1.
State any four merits of Sole Trading Concern.
Answer:
1. Easy Formation : A sole trading concern can be easily formed. Not much legal formalities are needed to start a sole trading concern. A person who is competent to enter into contract can start a sole trading concern.

2. Prompt Decision Making: A sole trader can take all decisions by himself. There is no external interference. As he can take quick decisions, prompt actions is also possible. This Organisation is suitable for business where quick decisions have to be taken. Ex. Share Trading.

3. Flexibility : The sole trader can make changes in business easily. He can expand or curtail business activity, whenever needed. He is the only person to take decisions in business. There is a lot of flexibility in sole trading concern.

4. Minimum Government Regulations : Sole trading concern need not follow any Special Act. There are not much legal formalities needed for forming and closing a sole trading concern. Only the general law of the country has to be followed. It states that a person doing sole trading business:

• must be a major (above 18 years)
• must be of sound mind
• must not be disqualified by any law to do business.

Question 2.
Explain any four demerits of Sole Trading Concern.
Answer:
1. Limited Capital : The sole trader is the only owner of business. He alone contributes capital for business. Capital is in the form of savings and borrowings from friends and relatives. In his individual capacity he cannot raise loans from banks to a large extent. The growth and expansion of business is affected because of limited capital. This is disadvantage to business.

2. Limited Managerial Ability : There is only one person to manage business. Inspite of his knowledge, the sole trader is not able to manage business efficiently. The sole trader may not be an expert in all fields like finance, advertising, management etc. Therefore, management ability is limited.

3. Unlimited Liability : The liability of the sole trader is unlimited. There is no difference between personal property and business property of sole trader. But unlimited liability prevents further expansion. He does not take risk in business. He is overcautious in taking decision which affects progress of business.

4. No Stability : A sole trading concern does not have a continuous existence. It does not have a stable life. Life of the organisation depends upon the life of the sole trader. In case the sole trader dies, becomes insolvent or insane the business has to be closed down.

Question 3.
What are the features of Joint Hindu Family Business ? (Any 4)
Answer:
1. Formation : Joint Hindu Family Business is created by operation of Hindu Law. There is no agreement between members. Each member becomes the co-parcener in the family business by birth.

2. Membership : Joint Hindu Family business has two types of partners.
(a) Karta : The seniormost male member of the family.
(b) Co-parceners (Copartners) : Other family members.
There is no limit on maximum number of members. In the state of Maharashtra, even girls born in the family become co-parceners of the firm. The number of members keep on changing depending on birth and death in the family.

3. Joint Ownership : The property of the firm is jointly owned by three generations of the family. Karta is the custodian of the joint property. All family members own the assets of business.

4. Sharing of Profits / Losses : Ratio of sharing of profits or losses of Karta and co-parceners is not given in the Hindu Act. The ratio of profit sharing keeps on changing depending on birth and death in the family.

Question 4.
Give any four demerits of Joint Hindu Family Business.
Answer:
(i) Limited Resources : Business is done by the joint family. So capital brought in by the family is limited. The capacity to raise funds is also limited as liability of co-parceners is limited. This affects growth and expansion of business.

(ii) Limited Managerial Ability : The management of business is totally taken care of by Karta. So the entire business depends upon the ability of the Karta. He does not even consult co-parceners for decision making. The Karta may not be an expert in all areas of business. Due to inadequate funds it is not possible to hire experts. Therefore, Joint Hindu Family Firm faces the disadvantage of limited managerial ability.

(iii) Unlimited Liability : The liability of Karta is unlimited. His decision making process becomes very slow. He is too cautious and unwilling to take risk in business. As there is no difference between personal property and business property of Karta he is afraid to take bold decisions. This affects the progress of business.

(iv) Limited Expansion : Even if Karta takes a lot of interest in business, the firm has the disadvantage of limited growth. Two reasons i.e., limited capital and limited managerial ability results in limited growth of business.

Question 5.
State any four merits of partnership firm.
Answer:
(i) Easy Formation : It is easy to form a partnership firm. Only an agreement is needed to start the firm. The agreement between partners may be an oral or written one. A written agreement is always preferred to avoid disputes in future. Not many legal formalities are needed for forming or closing business. Even the procedure for registration is simple.

(ii) Large Capital: Many partners come together to start a firm. Partners have joint responsibility to collect capital for the firm. As number of persons are more than sole trading concern, large capital can be collected. If business has to be expanded more capital has to be collected.

(iii) Business Secrecy : More secrecy can be maintained in business. Books of accounts need not be published. There is no legal requirement to publish annual report. Information is not leaked out to competitors, which is an advantage to the firm. If partners want they can keep secrets to themselves.

(iv) Rational Decisions : Decisions are taken collectively by partners. Two heads are always better than one.. Partners discuss can take decisions, which are always balanced. Partners have unlimited liability therefore they are careful in taking decisions.

Justify the following statements

Question 1.
There is no limit for membership in Joint Hindu Family Business.
Answer:

1. Joint Hindu Family Firm is jointly owned by all family members.
2. When a Hindu Joint Family does business and passes it on from one generation to another it is called a Joint Hindu Family business.
3. There are two types of members in Joint Hindu Family Firm – Karta and Co-parceners.
4. The membership of Joint Hindu Family Firm is unlimited.
5. Membership is not limited because it depends upon the death and birth in the family. All the persons born in the family become a member of the family by birth.
6. A person becomes a member even by adoption into the family.
7. Thus, there is no maximum limit for membership in a Joint Hindu Family Business.

Question 2.
The membership of a co-operative society is voluntary.
Answer:

1. Co-operative society is a voluntary association of persons formed for the purpose of promoting the interest of its members.
2. There is open membership i.e., membership is open to all. No difference is made on language, religion, caste etc. A person becomes a member by purchasing shares of the organization.
3. There is complete freedom about becoming or not becoming the member of the organization.
4. A person can join on his own free will. There is no compulsion for becoming a member.
5. He can leave the organization by giving due notice as and when he desires.
6. The opportunity of becoming a member is given to all which means co-operative organization is a voluntary organization.
7. Thus, the membership of a co-operative society is voluntary.

Question 3.
In partnership, the liability of every partner of the firm is unlimited.
Answer:

1. Partnership is an association of persons competent to enter into contracts. The aim is to carry lawful business.
2. All partnerships in India follow the Indian Partnership Act of 1932.
3. Accordingly the liability of every partner is unlimited.
4. Partners have joint and several liability. It means each partner is individually liable and jointly liable for the debts of the firm.
5. There is no difference between personal property and business property of the partners. In case business assets are not sufficient to pay debts, the personal property of each and every partner can be used.
6. If one partner is declared insolvent, his liability has to be borne by solvent partners.
7. Thus, in partnership, the liability of every partner of the firm is unlimited.

Question 4.
The owner of the sole proprietorship is the sole decision maker of his business.
Answer:

1. A sole trader does business alone.
2. He invests his own capital, skill and intelligence in the management of business.
3. A sole trader is the only manager of business. So he is the sole decision maker of his business.
4. He is not answerable to anyone and need not consult anyone for doing business.
5. There is no external interference.
6. Therefore, he can take quick decisions and prompt actions and take advantage of profit – oriented situations. Thus, sole trader is the only decision maker and therefore has complete control on business.

Question 5.
Sole Trading Concern is easiest to form.
Answer:

1. Sole trading concern is owned by only one person.
2. A very Simple process is needed to start a sole trading concern.
3. There is no complicated legal formalities to start a sole trading concern, as in the case of joint stock company.
4. A licence from appropriate authority is needed.
5. Only the general law of the country has to be followed for starting business.
6. A person must be of sound mind, a major and must not be disqualified by any law to do business.
7. Thus, sole trading concern is the easiest form of organization to be started.

Balbharti Maharashtra State Board 11th OCM Important Questions Chapter 6 Institutes Supporting Business Important Questions and Answers.

Maharashtra State Board 11th Commerce OCM Important Questions Chapter 6 Institutes Supporting Business

Select the correct option and rewrite the sentence

Question 1.
SIDBI has its head office at …………………
(a) Bihar
(b) Mumbai
(c) Lucknow
Answer:
(c) Lucknow

Question 2.
Dr. Muhammad Yunus from ………………… is known as ‘Father of Micro finance.
(a) Afghanistan
(b) Bangladesh
(c) India
Answer:
(b) Bangladesh

Question 3.
The World Bank Group has set ………………… goals to be achieved by 2030.
(a) 4
(b) 3
(c) 2
Answer:
(c) 2

Question 4.
………………… is the lifeblood of a business.
(a) Finance
(b) Raw materials
(c) Labour
Answer:
(a) Finance

Question 5.
KVIC has its head office at …………………
(a) Mumbai
(b) Kolkata
(c) Delhi
Answer:
(a) Mumbai

Question 6.
………………… portal was launched by SIDBI.
(a) Maza-Mitra
(b) Aamcha Mitra
(c) Udyami Mitra
Answer:
(c) Udyami Mitra

Question 7.
………………… work as knowledge partner for State and Central Government.
(a) Udyami Mirta
(b) Start-up Mitra
(c) Wake-up Mitra
Answer:
(b) Start-up Mitra

Question 8.
………………… provides credit for rural development.
(a) SIDBI
(b) NABARD
(c) RRBs.
Answer:
(b) NABARD

Match the pairs

Question 1.

Part A	Part B
(i) NABARD	(a) Heart of business
(ii) Finance	(b) Advisor and mentor to MSMEs
(iii) SIDBI	(c) Life blood of business
(iv) MUDRA	(d) March 17, 2016
(v) Startup Mitra	(e) Recommendations to RBI
	(f) Funding the unfunded enterprises
	(g) March 17, 2014
	(h) Recommendation to Commercial Banks

Answer:

Part A	Part B
(i) NABARD	(e) Recommendations to RBI
(ii) Finance	(c) Life blood of business
(iii) SIDBI	(b) Advisor and mentor to MSMEs
(iv) MUDRA	(f) Funding the unfunded enterprises
(v) Startup Mitra	(d) March 17, 2016

Question 2.

Part A	Part B
(i) SIDBI	(a) Maza Mitra
(ii) Green, Blue and White Revolution	(b) RRB’s
(iii) Khadi	(c) Symbol of dependence
(iv) Women’s Self Help Group	(d) NABARD
(v) World Bank	(e) Washington D.C.
	(f) Udyami Mitra
	(g) Symbol of self reliance
	(h) Great Britain
	(i) Mahila Bachat Gat

Answer:

Part A	Part B
(i) SIDBI	(f) Udyami Mitra
(ii) Green, Blue and White Revolution	(d) NABARD
(iii) Khadi	(g) Symbol of self reliance
(iv) Women’s Self Help Group	(i) Mahila Bachat Gat
(v) World Bank	(e) Washington D.C.

Give one word/phrase/term

Question 1.
Symbol and spirit of self reliance in pre-independence India.
Answer:
Khadi

Question 2.
Head office of KVIC.
Answer:
Mumbai

Question 3.
A statutory body formed to provide livelihood to artisans in villages of India.
Answer:
Khadi and Village Industries Commission (KVIC)

Question 4.
A document signed by KVIC with National Institute of Design (NID).
Answer:
Memorandum of Understanding (MoU)

Question 5.
Economist of Bangladesh who jointly won Nobel Peace Prize.
Answer:
Dr. Muhammad Yunus

Question 6.
A refined model of Bangladesh model to eradicate poverty and empower women.
Answer:
Indian Self Help Group Model

Question 7.
A portal to improve accessibility of credit and handholding services to MSMEs.
Answer:
Udyami Mitra.

State True or False

Question 1.
SIDBI has set a goal to end extreme poverty by 2030.
Answer:
False

Question 2.
The World Bank has set a goal to promote shared prospering by fostering the income growth.
Answer:
True

Question 3.
Success of business depends on optimum utilization of capital.
Answer:
True

Question 4.
SIDBI provide debt financing to government.
Answer:
False

Question 5.
Dr. Ashfak Yunus founded the Grameen Bank in India.
Answer:
False

Question 6.
Body of Governors is the supreme policy making body of the World Bank.
Answer:
True

Find the odd word out

Question 1.
Features of KVIC-
Rural Development; Employment Generation; Entrepreneurship Development; Mutual Trust.
Answer:
Mutual Trust

Question 2.
Institutes supporting business-
SIDBI; IDBI; NABARD; KVIC.
Answer:
IDBI

Question 3.
Features of SIDBI-
Sustainable Development; Services to MSMEs; Recommendations to RBI; Digital Initiatives.
Answer:
Recommendations to RBI

Question 4.
Terms related to SIDBI-
SIDBI startup mitra; Aamcha Mitra; Udyami Mitra; Micro Finance.
Answer:
Aamcha Mitra

Question 5.
Terms related to NABARD-
Apex Rural Bank; Recommendations to RBI; Green, Blue and White Revolution; Empowerment of women.
Answer:
Empowerment of women.

Question 6.
Woman’s Self Help Groups-
Urban Bank; Mahila Bachat Gat; Dr. Muhammad Yunus; Grameen Bank.
Answer:
Urban Bank.

Select the correct option

(Provides credit to rural development, Women Empowerment, Multilateral Investment Guarantee Agency (MIGA), KVIC, SIDBI)

Part A	Part B
(i) World Bank	————-
(ii) —————	Achievement of National Goals
(iii) NABARD	——————-
(iv) Self Help Group (SHG)	—————–
(v) —————	Promote Khadi and Village Industries

Answer:

Part A	Part B
(i) World Bank	Multilateral Investment Guarantee Agency (MIF)
(ii) SIDBI	Achievement of National Goals
(iii) NABARD	Provided credit to rural development
(iv) Self Help Group (SHG)	Women Empowerment
(v) KVIC	Promote Khadi and Village Industries

Answer in one sentence

Question 1.
Why do firm need finance ?
Answer:
Firms need finance to start business, to run business effectively and to expand business.

Question 2.
Name the institutes supporting business.
Answer:
The institutes supporting business are – SIDBI, NABARD, KVIC, Women’s Self Help Group and World Bank.

Question 3.
Where is the head office of SIDBI?
Answer:
The head office of SIDBI is at Lucknow.

Question 4.
Who resolves the financial and non-financial hurdles of MSMEs ?
Answer:
SIDBI resolves the financial and non-financial hurdles of MSMEs.

Question 5.
Who are the focused domains for SIDBI?
Answer:
Micro, Small and Medium Enterprises (MSME’s ) are the focused domains for SIDBI.

Question 6.
Who helds the present ownership of SIDBI ?
Answer:
The present ownership of SIDBI is held by 34 public sector institutes, through its 15 regional offices and 84 branches.

Question 7.
Who acts as an advisor and mentor for MSMEs ?
Answer:
SDIBI act as an advisor and mentor for MSMEs.

Question 8.
Name the associates and subsidiaries of SIDBI.
Answer:
The associates and subsidiaries of SIDBI are – SVCL, CGTMSE, SMERA, ISTSL, ISARC and MUDRA.

Question 9.
What is the aim of ‘MUDRA’?
Answer:
The main aim of ‘MUDRA’ an associate of SIDBI is “funding the unfunded” micro enterprises in the country.

Question 10.
What are the different forms of finance offered by SIDBI?
Answer:
The different forms of finance offered by SIDBI are – direct finance, indirect finance and micro finance.

Question 11.
Name the two digital initiatives launched by SIDBI.
Answer:
The two digital initiatives launched by SIDBI are – SIDBI start-up Mitra and Udyami Mitra.

Question 12.
Who monitors the flow of rural credit in India?
Answer:
NABARD monitors the flow of rural credit in India.

Question 13.
What is the objective of KVIC?
Answer:
The objective of KVIC is to utilise the available raw materials and human skills to generate non-farm employment opportunities in the rural areas of India.

Question 14.
Who is the supreme policy making body of World Bank?
Answer:
Board of Governors is the supreme policy making body of World Bank.

Question 15.
What are the goals of World Bank to be achieved by, 2030?
Answer:
The two goals of World Bank to be achieved by 2030 is to end extreme poverty and promote shared prosperity.

Correct the Underlined word and rewrite the following sentences

Question 1.
SIDBI provides refinance to Banking Companies only.
Answer:
SIDBI provides refinance to Banking and Non-Banking Financial Comnanies.

Question 2.
KVIC works as an advisor and mentor to MSMEs.
Answer:
SIDBI works as an advisor and mentor to MSMEs.

Question 3.
NABARD is working toward sustainable development of MSMEs in India.
Answer:
SIDBI is working toward sustainable development of MSMEs in India.

Question 4.
Udvami Mitra works as knowledge partner for State and Central Government.
Answer:
SIDBI Startup Mitra works as knowledge partner for State and Central Government.

Question 5.
SIDBI Startup Mitra was launched to improve accessibility of credit services to MSMEs.
Answer:
Udvami Mitra was launched to improve accessibility of credit services to MSMEs.

Question 6.
The apex institution for agricultural finance is SIDBI.
Answer:
The apex institution for agricultural finance is NABARD.

Question 7.
NABARD monitors the flow of Urban Credit in India.
Answer:
NABARD monitors the flow of Rural Credit in India.

Question 8.
World Bank provides recommendation to RBI on issue of licences to Co-operative Bank.
Answer:
NABARD provides recommendation to RBI on issue of licences to Co-operative Bank.

Question 9.
KVIC has its head office at Kolkata.
Answer:
KVIC has its head office at Mumbai.

Question 10.
Khadi Gramudvog works for planning, promotion and production of Khadi.
Answer:
KVIC works for planning, promotion and production of Khadi.

Question 11.
The social objective of KVIC is producing saleable articles.
Answer:
The economic objective of KVIC is producing saleable articles.

Question 12.
The wider objectives of KVIC is creating dependence amongst the poor.
Answer:
The wider objectives of KVIC is creating self-reliance amongst the poor.

Question 13.
KVIC signed Memorandum of Association with National Institute of design.
Answer:
KVIC signed Memorandum of Understanding with National Institute of design.

Question 14.
KVIC promote conventional energy for sustainable development.
Answer:
KVIC promote non-conventional energy for sustainable development.

Question 15.
“Helping Yourself” and ‘Unity is Strength’ is the principle of SHG.
Answer:
“Helping each other” and ‘Unity is Strength’ is the principle of SHG.

Question 16.
SHG – Bank Linkage programme was initiated by SIDBI since 1992.
Answer:
SHG – Bank Linkage programme was initiated by NABARD since 1992.

Question 17.
State Bank of India accepted SHG strategy as an alternative credit model.
Answer:
Reserve Bank of India accepted SHG strategy as an alternative credit model.

Question 18.
SHG is an involuntary association.
Answer:
SHG is a voluntary association.

Explain the following terms/concepts

Question 1.
SIDBI
Answer:

1. Small Industrial Development Bank of India (SIDBI) was established on 2nd April, 1990.
2. At present, the ownership of SIDBI is held by 34 public sector institutes.
3. Main focus of SIDBI is to resolve the financial and non-financial hurdles of MSMEs.
4. SIDBI helps for technological upgradation and modernisation of existing MSMEs.

Question 2.
SIDBI Startup Mitra
Answer:

1. It is a digital initiative set up by SIDBI.
2. It tries to bring all stakeholders, investors, new entrepreneurs, banks, mentors, etc on one platform.
3. It helps in financing and development of new entrepreneurs.
4. It also acts as a knowledge partner for State and Central Government.

Question 3.
NABARD
Answer:

1. It came into existence on 12th July, 1982 under the special Act of Parliament It is counted as an apex institution for agricultural finance.
2. The main objective of NABARD is to provide and regulate credit and other facilities for the promotion of agriculture, small scale industries, cottage and village industries, etc.
3. It provides refinancing facilities to State Co-operative Bank (SCBs), Land Development Bank (LDBs), Regional Rural Banks (RRBs) and other approved financial institutions.

Answer in brief

Question 1.
Explain the Digital initiative steps of SDBI.
Answer:
The digital initiative steps of the SDBI are as follows:
SIDBI Startup Mitra and Udyami Mitra:
(a) SIDBI Startup Mitra:
It brings together all stakeholders, start-up entrepreneurs, incubators, investors, industry bodies, mentors and advisors and banks at one platform. It helps in financing and development of new entrepreneurs. It also works as knowledge partner for State and Central Government.

(b) Udyami Mitra:
This is the portal launched by SIDBI to improve accessibility of credit and handholding services to MSME’s. Under this portal entrepreneurs can apply for loan without physically visiting any bank branches. The entrepreneurs can select and apply for preferred banks, they can select suitable branch, track their application status an avail multiple loan benefits.

Question 2.
Explain the role of NABARD in national development.
Answer:
Role of NABARD in national development:

1. NABARD is an apex bank providing credit facilities to institute working in agricultural finance.
2. It provides storage facilities for agricultural commodities by promoting development of warehousing facilities.
3. It also promote the export of agricultural commodities.
4. It plays an important role in sustainable development of the country through Green, Blue and White revolution.
5. It refinances commercial and co-operative banks during natural calamities like drought, crop failure, etc. so that farmers can recover from the difficult period.

Question 3.
How does KVIC help in marketing and promotion?
Answer:
Role of KVIC in marketing and promotion:

1. KVIC holds exhibitions, seminars and lectures in college and universities to spread the knowledge of KVIC products.
2. It also launches a marketing development plan to generate interest, awareness and attraction amongst the masses.
3. It takes all effort to improve the quality, packaging and marketing of a product.
4. Government also supports KVIC, so that its product becomes competitive.

Question 4.
Explain the formation of Womens SHGs.
Answer:
Formation of Women’s SHG’s.

1. It is an informal group of homogeneous individuals generally formed by a NGO or by team of government.
2. It is recognized by the Government, hence it does not require any registration under any Act.
3. They have their well defined rules and bye-laws to run the group.
4. Regular meetings of this groups are held and records are properly maintained.

Balbharti Maharashtra State Board 11th OCM Important Questions Chapter 3 Small Scale Industry and Business Important Questions and Answers.

Maharashtra State Board 11th Commerce OCM Important Questions Chapter 3 Small Scale Industry and Business

Select the Correct option and rewrite the sentence

Question 1.
Small Scale Industries play an important role in ……………. countries.
(a) developed
(b) developing
(c) advanced
Answer:
(b) developing

Question 2.
Traditionally a small scale industries are those using power with less than ……………… employees.
(a) 20
(b) 30
(c) 50
Answer:
(c) 50

Question 3.
……………….. is second largest industry which creates huge employment.
(a) SSI
(b) Reliance Ltd.
(c) Indian Railways
Answer:
(a) SSI

Question 4.
……………….. of people from rural to urban is reduced by small scale industries.
(a) Immigrations
(b) Migrations
(c) Re-migrations
Answer:
(b) Migrations

Question 5.
Small Scale Industries are ……………….. in operation.
(a) rigid
(b) flexible
(c) static
Answer:
(b) flexible

Question 6.
Small Scale Industries uses ……………….. technology.
(a) outdated
(b) advanced
(c) future
Answer:
(a) outdated

Question 7.
………………. resources are used by SSI.
(a) Foreign
(b) City
(c) Domestic
Answer:
(c) Domestic

Match the pairs

Question 1.

Group A	Group B
(a) Small Manufacturing Sector	(1) Investment more than Rs 2 crores but does not exceed Rs 5 crores
(b) Modern Small Scale Industries	(2) SSI
(c) Large Employment	(3) Capital problem
(d) High absenteeism	(4) Investment does not exceed Rs 25 lakhs
(e) Medium Services Sector	(5) Electric Appliances
	(6) Labour problem
	(7) Investment does not exceed Rs 10 lakhs
	(8) Sericulture
	(9) L&T

Answer:

Group A	Group B
(a) Small Manufacturing Sector	(4) Investment does not exceed Rs 25 lakhs
(b) Modern Small Scale Industries	(5) Electric Appliances
(c) Large Employment	(2) SSI
(d) High absenteeism	(6) Labour problem
(e) Medium Services Sector	(1) Investment more than Rs 2 crores but does not exceed Rs 5 crores

Give one word/phrase/term

Question 1.
Tiruppur a city located in state of Tamil Nadu is famous for which export.
Answer:
Textile export

Question 2.
Industries which requires low gestation period.
Answer:
Small Scale Industries

Question 3.
Part of rural industry based on agricultural products.
Answer:
Agro based industries

Question 4.
Moving of people from one place to another in search of job.
Answer:
Migration

Question 5.
Regular interruption of electricity.
Answer:
Load shedding

Question 6.
Life blood of the enterprise.
Answer:
Finance

Question 7.
Assessment of a project.
Answer:
Project Appraisal

Question 8.
Procedure of recruitment, training and placement.
Answer:
Staffing.

State True or False

Question 1.
Small Scale Industries increases import of raw materials from foreign countries.
Answer:
False

Question 2.
Tiruppur contribute to export textiles and earn valuable foreign exchange for India.
Answer:
True

Question 3.
Japan became major economic power because of many small entrepreneurs after second world war.
Answer:
True

Question 4.
Nearly 60% of the industrial exports are contributed by SSI.
Answer:
False

Question 5.
Small Scale Industries lead to inequalities of income, wealth and power.
Answer:
False

Question 6.
Small Scale Industries are more flexible.
Answer:
True

Find the odd one

Question 1.
Manufacturing Sector, Services Sector, Construction Sector
Answer:
Construction Sector

Question 2.
Does not exceed ?10 lakhs, Does not exceed Rs 25 lakhs, Does not exceed Rs 2 crores.
Answer:
Does not exceed Rs 25 lakhs

Question 3.
Job opportunities, Regional Balance, Increases Migration
Answer:
Increases Migration

Question 4.
Labour Problem, Marketing problem, Problem of transport, Domestic problem
Answer:
Domestic problem

Question 5.
Selection of product, Selection of place, Selection of House
Answer:
Selection of House.

Complete the sentences

Question 1.
Problem of is reduced or minimized by SSI.
Answer:
migration

Question 2.
Gestation period is low for industries.
Answer:
Small Scale

Question 3.
means the assessment of a project.
Answer:
Project appraisal

Question 4.
SSI provides raw material, semi finished goods to
Answer:
Large Scale

Question 5.
place from Tamil Nadu export textiles.
Answer:
Tiruppur

Question 6.
method of production is used by SSI.
Answer:
Old and outdated.

Select the correct option

(Modern Small Scale Industries, Challenges before Small Scale Industries, Traditional Small Scale Industries, Importance of Small Scale Industries)

Group A	Group B
(1) Hand loom, Handicraft, Coir, Sericulture	——————-
(2) —————–	Bicycles parts, sewing machines, Blades, Razor, Electric Appliances, Spare parts
(3) Job opportunities, Regional balance, Reduce migration, Maximum use of Natural Resources	——————-
(4) ————–	Load-shedding, voltage fluctuation.

Answer:

Group A	Group B
(1) Hand loom, Handicraft, Coir, Sericulture	Traditional Small Scale Industries
(2) Modern Small Scale Industries	Bicycles parts, sewing machines, Blades, Razor, Electric Appliances, Spare parts
(3) Job opportunities, Regional balance, Reduce migration, Maximum use of Natural Resources	Importance of Small Scale Industries
(4) Challenges before Small Scale Industries	Load-shedding, voltage fluctuation.

Answer in one sentences

Question 1.
What are the challenges before Small Scale industries?
Answer:
Old and outdated technology, finance, marketing, load shedding, voltage fluctuation, sickness, etc. are the challenges before Small Scale Industries.

Question 2.
What are the sectors of business classification as per SSI?
Answer:
There are two sectors of business as per SSI i.e.

1. Manufacturing sector
2. Services sector.

Question 3.
What is the classification of Small Scale Industries?
Answer:
Small Scale Industries are classified into two i.e. Traditional Small Scale Industries and Modern Small Scale Industries.

Correct the underlined word and rewrite the following sentences.

Question 1.
SSI is first largest industry which creates huge employment.
Answer:
SSI is second largest industry which creates huge employment.

Question 2.
Migration of people from rural to urban can be increase due to SSI.
Answer:
Migration of people from rural to urban can be reduced due to SSI.

Question 3.
Many Small Scale Industries provide finished goods to large scale industries.
Answer:
Many Small Scale Industries provide semi finished goods to large scale industries.

Question 4.
India is facing labour scarcity problem.
Answer:
India is facing labour problem.

Question 5.
Nearly 60% of industrial exports are contributed by SSI.
Answer:
Nearly 40% of industrial exports are contributed by SSI.

Study the following case/situation and express your opinion.

1. Mr. Rahim is keenly interested in starting Small Scale business. But he is worried about the challenges before Small Scale business. Guide him about the solutions to face these challenges.

Question 1.
Guidelines to start a small scale business:
Answer:
1. Method of Production : It is said that small scale industries use old methods of production Mr. Rahim can improve the method of production by using new technology. He can purchase the new technology at affordable rate and give training to the workers so that they can improve the skills and in turn increase the production.

2. Finance : Rahim can get information about various schemes given by government to raise finance. He can also compare the rate of interest of various financial institutes and take loan at a lower rate of interest.

3. Raw Material : Rahim can start business in area near by to the availability of raw material so that he can save the cost of transportation of raw material. If the cost of raw material decreases he will not have to compromise on the quantity and quality of raw material.

4. Labour Problem : Rahim can give training to the workers so that they can increase the productivity. Skilled workers can work more efficiently. Rahim should also provide with job security so that workers do not leave the job and experienced workers can increase productivity.

5. Marketing Problem : Rahim should have thorough study of need of the customer in the market. He should have all market updates so that he can make changes according to the requirement of customers. He can do market survey with use of latest technology i.e. Internet and WhatsApp. He can make use of these technology for advertising of his product also.

6. Transportation : As stated in point no. (c) Rahim can start business in area nearby to the availability of raw material so that he can save the cost of transportation of raw material. He can also keep the cost of the product less and then add the cost of transportation afterwards so that cost of his product will look less.

7. Sickness : Rahim will have to take care of the credit system which he is going to follow. It is advisable that he sells the goods on cash basis and not on credit basis. If he gives it on credit he should be good at follow up. While purchasing raw material he can take it on credit basis so that he gets adequate working capital to use. If he gets sufficient working capital he can produce goods on time and the industry will not become sick.

8. Globalisation : Rahim is to be aware about the various competitive products and other similar products which are there in the market. He will have to be updated with the latest things and latest prices and make changes in his small unit regularly as and when required.

Balbharti Maharashtra State Board Class 12 Geography Important Questions Chapter 7 Region and Regional Development Important Questions and Answers.

Maharashtra State Board 12th Geography Important Questions Chapter 7 Region and Regional Development

Choose the correct option by identifying the correct correlation in the sentences.

Question 1.
Formal region …………….
(a) USA
(b) TV signal areas
(c) Wireless
(d) Wi-Fi hotspot
Answer:
(a) USA

Question 2.
Functional region …………….
(a) Rice producing area
(b) Desert area
(c) Iron and steel producing areas
(d) Wireless
Answer:
(d) Wireless

Question 3.
In rural areas much of the land is used for …………….
(a) housing
(b) agriculture
(c) market
(d) transport
Answer:
(b) agriculture

Question 4.
Important indicator of development is …………….
(a) Per capita income
(b) Out migration
(c) Slow growth of population
(d) Dependency ratio
Answer:
(a) Per capita income

Question 5.
Functional region is …………….
(a) Canada
(b) Africa
(c) Europe
(d) Pune metropolitan region
Answer:
(d) Pune metropolitan region

Question 6.
Formal region …………….
(a) Mumbai Metropolitan region
(b) Delhi Metropolitan region
(c) West Bengal
(d) Nagpur Metropolitan region
Answer:
(c) West Bengal

Identify the correct correlation.

A : Assertion, R : Reasoning
Question 1.
A – A functional region may be heterogeneous in nature.
R – It may involve more than one type of physical or political region.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 2.
A – Cities can be considered as a functional region.
R – Buses move people from the suburb to the city central area.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 3.
A – There are many indicators of development like quality and quantity of population, education, poverty, etc.
R – But only one indictor can decide the development of region.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(a) Only A is correct.

Question 4.
A – Population and development are closely interrelated.
R – Population influences development and in turn, is influenced by development.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Identify the incorrect factor.

Question 1.
In urban areas much of the land is used for
(a) Housing
(b) Commercial
(c) Mining
(d) Industries
Answer:
(c) Mining

Question 2.
Factors responsible for regional development
(a) Physical factors
(b) Economic factors
(c) Environment factors
(d) Push and pull factors
Answer:
(d) Push and pull factors

Question 3.
Factors responsible for imbalanced development
(a) Accessibility
(b) Altitude
(c) Migration
(d) Relief
Answer:
(c) Migration

Question 4.
A region may not be well developed if
(a) Landlocked
(c) Lack of natural harbour
(b) High mountain ranges
(d) Favourable climate
Answer:
(d) Favourable climate

Question 5.
Functional region
(a) Wi-Fi hotspots
(b) TV signal area
(c) Assam
(d) Wireless
Answer:
(c) Assam

Question 6.
Formal regions
(a) West Bengal
(b) Rice producing area
(c) A city
(d) Africa
Answer:
(c) A city

Complete the Chain

Question 1.

A	B	C
(1) Amazon	(1) River	(1) Physical
(2) Khandesh	(2) Administrative	(2) Political
(3) Bengali speaking	(3) Language	(3) Linguistics

Answer:

A	B	C
(1) Amazon	(1) Language	(1) Linguistics
(2) Khandesh	(2) River	(2) Physical
(3) Bengali speaking	(3) Administrative	(3) Political

Question 2.

A	B	C
(1) Ganga Basin	(1) Island	(1) Tourism
(2) Japan	(2) Beautiful scenery	(2) Agriculture and industries
(3) Indonesia	(3) Fertile soil	(3) Trade and import resources

Answer:

A	B	C
(1) Ganga Basin	(1) Fertile soil	(1) Agriculture and industries
(2) Japan	(2) Island	(2) Trade and import resources
(3) Indonesia	(3) Beautiful scenery	(3) Tourism

Question 3.

A	B	C
(1) Later stage of Demographic Transition Theory	(1) Higher population	(1) Higher amount of capital resources consumed
(2) Population pyramid	(2) Pull factor	(2) Lower per capita income
(3) Migration	(3) Low growth of population	(3) Greater development less spent on population
(4) Indicator of economic development	(4) High dependency ratio	(4) Good employment opportunities

Answer:

A	B	C
(1) Later stage of Demographic Transition Theory	(1) Low growth of population	(1) Greater development less spent on population
(2) Population pyramid	(2) High dependency ratio	(2) Higher amount of capital resources consumed
(3) Migration	(3) Pull factor	(3) Good employment opportunities
(4) Indicator of economic development	(4) Higher population	(4) Lower per capita income

Give geographical reasons.

Question 1.
Population and development are closely interrelated.
Answer:

• The economic development in any country/region depends upon the quantity and quality of its people.
• Higher the numbers of people lower the per capita income, which indicates low development in the country/region.
• Lesser number of people in the country/region lead to shortage of skilled labour and limited development. Higher number of populations is good for the development of the country/region.
• The quality of people includes age structure, sex ratio, occupational structure, literacy rate, etc. If these aspects of the population are favourable, then there is development in the country/ region.
• Age group of people in the country also affects the development. If there are more people in the working age group then there is more economic development.
• Migration also affects the economic development of the region/country. If people migrate to any region it indicates employment opportunities and economic development.
• However, too much migration may create pressure of population on available resources and labour thus, adversely affecting the development of the country/region.

Write short notes on.

Question 1.
Causes of regional imbalances in India.
Answer:
India faces imbalanced regional development due to uncertainty in the development of states or districts.

The main factors affecting regional development of any region are physical factors like climate, soil, location, relief, geology of the country, forest, etc.

Some regions have favourable relief, climate, fertile soil or favourable geographical location or ample natural resources. Such regions develop faster. For example, the northern plains of India are well developed due to plain relief, fertile soil and moderate climate. Coastal cities like Mumbai, Chennai are well developed due to development of ports and harbours.

Some regions have unfavourable relief or climate. Therefore, development is limited. For example, the north-eastern states of India have less development due to hilly relief, heavy rainfall, frequent flooding and inaccessibility.

The human factors like market demand, transportation, power supply, banking and insurance facilities, communication facilities, technological development, skilled labour, etc., contributes to the development of a region. For example, due to unfavourable human factors, the Himalayan region is less developed. Thus, there is regional imbalance in India.

Balbharti Maharashtra State Board Class 12 Geography Important Questions Chapter 5 Secondary Economic Activities Important Questions and Answers.

Maharashtra State Board 12th Geography Important Questions Chapter 5 Secondary Economic Activities

Choose the correct option by identifying the correct correlation in the sentences.

Question 1.
Secondary activities include
(a) Processing
(b) Commercial farming
(c) Horticulture
(d) Mining
Answer:
(a) Processing

Question 2.
Economic factor deciding location of industry
(a) Labour
(b) Transport
(c) Market
(d) Agglomeration
Answer:
(c) Market

Question 3.
Industry in which semi-skilled labour is essential
(a) Food processing
(b) Electronic
(c) Construction
(d) Chemical
Answer:
(c) Construction

Question 4.
Industry having split location
(a) Food processing
(b) Automobile
(c) Iron and steel
(d) Jute textile
Answer:
(b) Automobile

Question 5.
In India, which of the following industries have portal location?
(a) Iron and steel
(b) Oil refineries
(c) Food processing
(d) Dairy
Answer:
(b) Oil refineries

Identify the correct correlation.

Question 1.
A – Cottage industry is the most basic industry.
R – Some of the products of this industry have great demand abroad.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(d) Both A and R are correct but R is not the correct explanation of A.

Question 2.
A – Public sector industries are owned by the state.
R – Marketing of goods is through private agencies.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(a) Only A is correct.

Question 3.
A – Tata Iron and Steel Industry is the basic industry.
R – Finished product of this industry is the raw material in many industries.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Identify the incorrect factor.

Question 1.
Physical factors of location of industries,
(a) Climate
(b) Market
(c) Water
(d) Physiography
Answer:
(b) Market

Question 2.
Physical factors of location of industries,
(a) Transport
(b) Labour
(c) Land
(d) Capital
Answer:
(d) Capital

Question 3.
Physical factors of location of industries,
(a) Land
(b) Labour
(c) SEZs
(d) Water
Answer:
(c) SEZs

Question 4.
Industrial regions in the United States of America.
(a) New England
(b) England
(c) New York
(d) Mid-Atlantic
Answer:
(b) England

Question 5.
Industrial regions in Japan.
(a) Tokyo
(b) Kobe
(c) Kimberly
(d) Kawasaki
Answer:
(c) Kimberly

Question 6.
Industrial regions in Africa.
(a) Congo
(b) Ghana
(c) Angela
(d) Zambia
Answer:
(c) Angela

Question 7.
Important industries in New Zealand.
(a) Meat products
(b) Dairy products
(c) Canned fruits
(d) Oil refining
Answer:
(d) Oil refining

Question 8.
Agro-based industries
(a) Cotton textile
(b) Sugar
(c) Food processing
(d) Steel industry
Answer:
(d) Steel industry

Question 9.
Proposed economic corridors
(a) DMIC
(b) ADKIC
(c) BMC
(d) BMIC
Answer:
(c) BMC

Complete the Chain

Question 1.

A	B	C
(1) Co-operative sector	(1) Owned by private individual	(1) ONGC
(2) MNCs	(2) Only one state	(2) AMUL
(3) Private sector	(3) More than one country	(3) BHEL
(4) Public sector	(4) Group of people set up	(4) TISCO

Answer:

A	B	C
(1) Co-operative sector	(1) Group of people set up	(1) AMUL
(2) MNCs	(2) More than one country	(2) ONGC
(3) Private sector	(3) Owned by private individual	(3) TISCO
(4) Public sector	(4) Only one state	(4) BHEL

Question 2.

A	B	C
(1) Household industry	(1) Material produced by industry used as raw material by other industries	(1) Iron and Steel industry
(2) Heavy industry	(2) Goods produced for direct consumption	(2) Electronic industry
(3) Light industry	(3) Manufacture parts and components	(3) Iron sheets
(4) Ancillary industry	(4) Use local raw material	(4) Potters

Answer:

A	B	C
(1) Household industry	(1) Use local raw material	(1) Potters
(2) Heavy industry	(2) Material produced by industry used as raw material by other industries	(2) Iron and Steel industry
(3) Light industry	(3) Goods produced for direct consumption	(3) Electronic industry
(4) Ancillary industry	(4) Manufacture parts and components	(4) Iron sheets

Complete the following as per instructions.

Question 1.
Arrange the industrial regions of USA from North to South.
New York, Mid-Atlantic, New England, Eastern Texas.
Answer:
New England, New York, Mid-Atlantic, Eastern Texas.

Question 2.
Arrange the industrial regions of Australia from East to West.
Adelaide, Melbourne, Sydney, Perth
Answer:
Sydney, Melbourne, Adelaide, Perth.

Question 3.
Arrange the industrial regions of Japan from North to South. Tokyo, Osaka, Yokohama, Nagoya.
Answer:
Tokyo, Yokohama, Nagoya, Osaka.

Give geographical reasons.

Question 1.
What factors are responsible for non-development of industries in Central Australia?
Answer:

• Central part of Australia is covered by the Great Australian desert.
• Since it is a desert, physical factors like climate, water, raw materials, labour and transport facilities are not suitable for the development of industries.
• Because of these adverse physical conditions, the density of population is extremely low and therefore there are limited markets. Also, due to these unfavourable economic factors also industries are not developed in central Australia.

Differentiate between.

Question 1.
Public Sector Industries and Private Sector Industries.
Answer:

Public Sector Industries	Private Sector Industries
(i) Public sector industries are owned by the state.	(i) Private sector industries are owned by a private individual or in partnership.
(ii) Government investment and marketing of goods.	(ii) Individuals or partners make investment and profit or loss is shared equally.
(iii) Bharat Heavy Electrical Limited (BHEL) is a public sector industry.	(iii) Tata Iron and Steel Company (TISCO) is a private sector industry.

Question 2.
Large scale industries and Cottage or Household industries
Answer:

Large scale industries	Cottage or Household industries
(i) These industries require huge amount of capital for machinery and infrastructure.	(i) These industries need limited capital, since machinery and infrastructure.
(ii) Goods are produced to sell in the regional or national market.	(ii) Goods are produced for the sale in the local market.
(iii) For example, cotton textile industry or iron and steel industry.	(iii) For example, weavers, blacksmith, sculpture, carpenter etc.
(iv) These industries require skilled labour since all products are handmade.	(iv) These industries require machinery than skilled labour.

Answer the following Questions by using given map.

1. Name the industrial region of India.
2. Name the industrial region of north China.
3. Name the industrial region of Russia
4. Name the industrial region on North-East part of USA.
5. Name the industrial region on South-Western coast of Australia.
6. Name the industrial region of South Japan.
7. Name the industrial region of South America.
8. Name the industrial region of South China.
9. Name the industrial region of Europe.

Answer:

1. The industrial region of India is Chota Nagpur region.
2. The industrial region of North China is East coast industrial region (Beijing).
3. The industrial region of Russia is Moscow-Tula region.
4. The industrial region of North-East part of USA is New England industrial region.
5. The industrial region on South-Western coast of Australia is Perth industrial region.
6. The industrial region of South Japan is Osaka-Kobe-Kyoto industrial region.
7. The industrial region of South America is South-East Brazil industrial region.
8. The industrial region of South China is Lower Yangtze industrial region.
9. The industrial region of Europe is Great Britain industrial region.

Write short notes on.

Question 1.
Classification of industries based on the source of raw material.
Answer:
Based on the source of raw material, industries are classified as follows:
Agro-based industries : The industries which use agricultural produce as raw material and process them into finished products are called agro-based industries. For example, fruit processing industries which produce jam, jelly, sherbet, fruit canning, etc., locate near fruit growing areas.

Mineral-based industries : These industries use minerals as raw material and after processing produce finished products. For example, petrochemical industries use mineral oil as raw material and produce petrol, diesel, lubricants, kerosene, paraffin wax etc.

Forest-based industries : These industries use forest products such as wood, tendu leaves, rubber, turpentine, grass, etc., as raw material and after processing produce finished products. For example, paper industries use wood and make paper, rubber industries use natural rubber to make rubber products, scented oil is made from various grass varieties.

Marine-based industries : These industries use marine resource as raw material and after processing produce finished products. For example, fish canning, fish oil making industries use fish as raw material. Other marine-based industries are industries producing decorative articles/ purses, by using sea shells as raw material or decorative articles of corals.

Pastoral-based industries: These industries use animal product such as milk, meat or body parts of animals such as bones, horns, wool, skin etc. For example, dairy industries use milk, woollen textile mills use wool, or leather industries use skin of animals as raw material.

Balbharti Maharashtra State Board Class 12 Geography Important Questions Chapter 8 Geography: Nature and Scope Important Questions and Answers.

Maharashtra State Board 12th Geography Important Questions Chapter 8 Geography: Nature and Scope

Choose the correct option by identifying the correct correlation in the sentences.

Question 1.
………………. is not included in atmosphere.
(a) Weather
(b) Climate
(c) Precipitation
(d) River
Answer:
(d) River

Question 2.
……………….. is not included in hydrosphere.
(a) Mountain
(b) Ocean
(c) Sea
(d) Lake
Answer:
(a) Mountain

Question 3.
……………….. is not included in lithosphere.
(a) Relief
(b) Drainage
(c) Weather
(d) Slope
Answer:
(c) Weather

Question 4.
…………………. is not included in Human Geography.
(a) GIS
(b) Social Geography
(c) Behavioural Geography
(d) Economic Geography
Answer:
(a) GIS

Question 5.
……………… is not included in Human Geography.
(a) Historical Geography
(b) Statistics
(c) Political Geography
(d) Population Geography
Answer:
(b) Statistics

Question 6.
…………………. is not included in geographical techniques.
(a) Statistics
(b) Cartography
(c) Remote sensing
(d) GIS
Answer:
(a) Statistics

Question 7.
………………… is not included in biosphere.
(a) Food chain
(b) Ecosystem
(c) Macro-organisms
(d) Lakes
Answer:
(d) Lakes

Identify the correct correlation.

A : Assertion, R : Reasoning
Question 1.
A – The Earth is dynamic in nature.
R – The geographical phenomena are not static but dynamic.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(d) Both A and R are correct but R is not correct explanation A.

Question 2.
A – Geography is dynamic in nature.
R – Geography is a study of space and time.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 3.
A – Skills of geographers have enriched the subject as newer branches of geography.
R – Skills acquired by geographers enable them to make observations and describe various elements on the earth.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 4.
A – Geography is an integrating and inter disciplinary discipline.
R – Many branches of geography have developed from mainstreams of disciplines.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not correct explanation A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Identify the incorrect factor.

Question 1.
The main branches of geography are
(a) Physical geography
(b) Economic geography
(c) Pedology
(d) Human geography
Answer:
(c) Pedology

Question 2.
The main branches of Physical geography are
(a) Geomorphology
(b) Climatology
(c) Biogeography
(d) Remote sensing
Answer:
(d) Remote sensing

Question 3.
The cartographic techniques include
(a) Geology
(b) GPS
(c) Cartography
(d) GIS
Answer:
(a) Geology

Question 4.
The subjects related to Human geography are
(a) History
(b) Social geography
(c) Political science
(d) Psychology
Answer:
(b) Social geography

Question 5.
The subjects related to Human geography are
(a) Demography
(b) Sociology
(c) Historical geography
(d) Economics
Answer:
(c) Historical geography

Question 6.
The branches of Human geography are
(a) Economics
(b) Population geography
(c) Behavioural geography
(d) Historical geography
Answer:
(a) Economics

Question 7.
The cartographic techniques include
(a) Computer science
(b) Cartography
(c) Quantification methods in geography
(d) GIS
Answer:
(a) Computer science

Question 8.
The branches of Human geography are
(a) Political geography
(b) Social geography
(c) Psychology
(d) Economic geography
Answer:
(c) Psychology

Question 9.
The subjects related to Physical geography are
(a) Biogeography
(b) Geology
(c) Meteorology
(d) Biology
Answer:
(a) Biogeography

Complete the Chain

Question 1.

A	B	C
(1) Physical Geography	(1) Computer science	(1) GIS
(2) Human Geography	(2) Pedology	(2) Geography of Soils
(3) Geomorphology	(3) Psychology	(3) Behavioural Geography

Answer:

A	B	C
(1) Physical Geography	(1) Pedology	(1) Geography of Soils
(2) Human Geography	(2) Psychology	(2) Behavioural Geography
(3) Geomorphology	(3) Computer science	(3) GIS

Question 2.

A	B	C
(1) Geographic Techniques	(1) Geology	(1) Population Geography
(2) Human Geography	(2) Engineering	(2) Geomorphology
(3) Physical Geography	(3) Demography	(3) Remote Sensing

Answer:

A	B	C
(1) Geographic Techniques	(1) Engineering	(1) Remote Sensing
(2) Human Geography	(2) Demography	(2) Population Geography
(3) Physical Geography	(3) Geology	(3) Geomorphology

Question 3.

A	B	C
(1) Human Geography	(1) Meteorology	(1) Political Geography
(2) Physical Geography	(2) Geodesy	(2) Cartography
(3) Geographic Techniques	(3) Political Science	(3) Climatology

Answer:

A	B	C
(1) Human Geography	(1) Political Science	(1) Political Geography
(2) Physical Geography	(2) Meteorology	(2) Climatology
(3) Geographic Techniques	(3) Geodesy	(3) Cartography

Give geographical reasons.

Question 1.
Geography offers vast scope for career.
Answer:

• Due to the dynamic nature of geography, various advanced statistical techniques and computer programs are used to study and explain the geographical phenomenon.
• Presently, because of global warming, natural disasters occur in various areas of the world. However, different techniques are being used to study the intensity of disasters or provide warnings before a disaster. Hence, disaster management is now a new field for career.
• Geographers have a wide scope to work as climate analyst, water conservation, water and air pollution monitoring, environmental conservation, environmental education/awareness, etc., because of the increasing air and water pollution and environmental degradation.
• Maps are essential in geography. Nowadays, maps are not made manually but with the help of GIS software. Thus, there is a wide scope for career in cartography.
• Population study of a country goes on continuously; therefore, many job opportunities as surveyor, census officer or data collector.
• Research is also going on in various branches for geography; therefore, there are career opportunities as researcher or research analyst.
• There are also career opportunities in book writing, teaching, journalism, freelancing preparing maps and diagrams for textbooks, data scientist, tour guide, report writing, urban planner, travel blogger, data scientists, etc.
  Thus, geography offers vast scope for career.

Balbharti Maharashtra State Board Class 12 Geography Important Questions Chapter 6 Tertiary Economic Activities Important Questions and Answers.

Maharashtra State Board 12th Geography Important Questions Chapter 6 Tertiary Economic Activities

Choose the correct option.

Question 1.
Canadian Pacific Railway connects
(a) Halifax – New York
(b) Vancouver – Boston
(c) Halifax- New Orleans
(d) Vancouver – Halifax
Answer:
(d) Vancouver – Halifax

Question 2.
Panama Canal connects
(a) Atlantic – Pacific
(b) Atlantic – Indian Ocean
(c) Bay of Bengal – Arabian sea
(d) Mediterranean Sea – Red sea
Answer:
(a) Atlantic – Pacific

Question 3.
Trans-Siberian Railway line connects
(a) Moscow – Novosibirsk
(b) Vancouver – Boston
(c) Moscow – Khabarovsk
(d) Moscow – Vladivostok
Answer:
(d) Moscow – Vladivostok

Question 4.
Suez Canal connects
(a) Atlantic – Pacific
(b) Atlantic – Indian Ocean
(c) Bay of Bengal – Arabian sea
(d) Mediterranean Sea – Red sea
Answer:
(d) Mediterranean Sea – Red sea

Identify the correct correlation.

A : Assertion, R : Reasoning
Question 1.
A – Some products are processed in secondary activities.
R – Some products received from primary activities cannot be consumed directly.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 2.
A – In international trade of grapes, air transport is used.
R – Grapes are perishable goods.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is correct explanation of A.

Question 3.
A – In Africa and South America, construction of roads and railways of long distance is difficult.
R – Generally, it is easier to build roads and railways where relief is not rugged.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(d) Both A and R are correct but R is not the correct explanation of A.

Question 4.
A – Densely populated countries have to worry about feeding their own populations.
R – The country with less population will depend less on trade because of less human resources engaged in production.
(a) Only A is correct.
(d) Only R is correct.
(c) Both A and R are correct and R is correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(d) Both A and R are correct but R is not the correct explanation of A.

Identify the incorrect factor.

Question 1.
Important stations of Trans-Siberian railway
(a) Vladivostok
(b) Moscow
(c) Hamburg
(d) Novosibirsk
Answer:
(c) Hamburg

Question 2.
Important stations on Canadian Pacific railway
(a) Halifax
(b) Boston
(c) Montreal
(d) Vancouver
Answer:
(b) Boston

Question 3.
Important ports on Mumbai-Tokyo waterway
(a) Mumbai
(b) Colombo
(c) Perth
(d) Tokyo
Answer:
(c) Perth

Question 4.
Important airports on Mumbai-Washington air route
(a) Istanbul
(b) London
(c) Halifax
(d) Washington
Answer:
(c) Halifax

Question 5.
Parts of the world known for their specific art and craft
(a) Kashmiri shawl
(b) Indian textile
(c) Iranian carpets
(d) Batik print of Indonesia
Answer:
(b) Indian textile

Question 6.
Transportation facilities are well developed in
(a) North America
(b) Africa
(c) Asia
(d) Europe
Answer:
(b) Africa

Question 7.
Important quinary activities are-
(a) Government officials
(b) Scientists
(c) Judges
(d) Statisticians
Answer:
(d) Statisticians

Question 8.
Important quaternary activities are-
(a) Financial planner
(b) Tax consultant
(c) Judges
(d) Software developers
Answer:
(c) Judges

Question 9.
The factors which affect tertiary activities are-
(a) Soil
(b) Climate
(c) Relief
(d) Location
Answer:
(a) Soil

Complete the Chain

Question 1.

A	B	C
(1) Climate	(1) Soil	(1) Import food
(2) Natural Resources	(2) High density	(2) Woollen products
(3) Population	(3) Dry farming	(3) Agriculture
(4) Culture	(4) Snow covered area	(4) Kashmiri shawl
(5) Israel	(5) Art and craft	(5) Export services for agriculture

Answer:

A	B	C
(1) Climate	(1) Snow covered area	(1) Woollen products
(2) Natural Resources	(2) Soil	(2) Agriculture
(3) Population	(3) High density	(3) Import food
(4) Culture	(4) Art and craft	(4) Kashmiri shawl
(5) Israel	(5) Dry farming	(5) Export services for agriculture

Question 2.

A	B	C
(1) Climate	(1) Skills	(1) Information technology
(2) Population	(2) Tropical	(2) Tea, Coffee export
(3) Culture	(3) Poor soil	(3) Export oil
(4) Gulf countries	(4) Art and craft	(4) Chinese porcelain

Answer:

A	B	C
(1) Climate	(1) Tropical	(1) Tea, Coffee export
(2) Population	(2) Skills	(2) Information technology
(3) Culture	(3) Art and craft	(3) Chinese porcelain
(4) Gulf countries	(4) Poor soil	(4) Export oil

Give geographical reasons.

Question 1.
The population of the country also affects trade.
Answer:
The quality and quantity of population in the country have direct effect on the trade.
Densely populated countries have a lot of local demand. So, there is hardly any surplus for export trade.
The thinly populated countries have limited local demand. Therefore, they have a lot of surplus for trade.

The quality of population also affects trade. More resourceful, enthusiastic and skilled people in the country, more innovative production and trade in the country.

In many countries, skills of a person is preserved from generation to generation. Hence, they are specialised in certain products. Therefore, they develop trade of such goods. For example, carpets in Iran, woollen goods of Jammu and Kashmir, Chinese porcelain, etc.

The standard of living also affects trade. In some countries population is less but due to high standard of living, there is more demand for expensive goods. So, import trade is developed there.

Answer the following questions by any given map.

1. Write the name of transcontinental railway line in Russia.
2. Write the name of transcontinental railway line in Canada.
3. Write the name of canal which connects Red Sea with Mediterranean Sea or Asia with Europe.
4. Write the name of canal which connects Pacific Ocean with Atlantic Ocean.
5. Write the name of the important international airport of North India.
6. Name the international airport of UK.
7. Which means of transport are shown in the map?

Answer:

1. The transcontinental railway line in Russia is the Trans-Siberian railway line.
2. The transcontinental railway line in Canada is the Canadian-Pacific railway line.
3. The canal which connects Red Sea with Mediterranean Sea or Asia with Europe is the Suez canal.
4. The canal which connects Pacific Ocean with Atlantic Ocean is the Panama canal.
5. The important international airport of North India is in Delhi.
6. The important international airport of the UK is in London.
7. The means of transport shown in the map are transcontinental railway lines and airways.

Write short notes on.

Question 1.
Climate and trade.
Answer:
Climate has a direct effect on agriculture of the country. Due to favourable climate there is specialisation of certain crops in some areas. For example, due to hot and humid climate there is specialisation of rice crops in Southeast Asian countries. So, they have developed trade of rice in the world.

The quality of grass depends upon climate. In cool climates, soft and juicy grass grows, so such area has developed pastoral activities and trade of animal products. For example, Australia and New Zealand have become some of the leading exporters of butter, cheese, condensed milk powder, mutton, etc.

Climate also affects the growth and type of forest in the country. Due to a cool climate in Canada, Russia, Scandinavian countries, the coniferous forest grows which provides softwood; it has great demand in the world market. Therefore, Canada, Norway, Sweden, Finland, Russia are leading exporters of wood.

In some countries, there is a specialization of certain goods due to specific climates. For example, in snow-covered areas there is more production of woolen goods; therefore, there is more export trade of woolen goods from the Jammu and Kashmir states of India.

Balbharti Maharashtra State Board Class 12 Geography Important Questions Chapter 4 Primary Economic Activities Important Questions and Answers.

Maharashtra State Board 12th Geography Important Questions Chapter 4 Primary Economic Activities

Identify the correct correlation.

A: Assertion R : Reasoning
Question 1.
A – Collection of forest products is not done on large scale in the equatorial forest region.
R – Humid and unhealthy climate of the equatorial region.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is the correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is the correct explanation of A.

Question 2.
A – Commercial lumbering is not done in equatorial rainforest.
R – Trees in equatorial rain forest have hardwood.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is the correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is the correct explanation of A.

Question 3.
A – Lumbering is mostly practiced in coniferous forest region.
R – Coniferous forest are not very dense.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is the correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(a) Only A is correct.

Question 4.
A – Fishing on the coastal areas of Japan is well developed.
R – Presence of cold and warm ocean water currents.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is the correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is the correct explanation of A.

Question 5.
A – Animal husbandry has developed on a commercial basis in North America and Australia.
R – In North and South America animal husbandry is carried out with the help of advanced technology on a commercial basis.
(a) Only A is correct.
(b) Only R is correct.
(c) Both A and R are correct and R is the correct explanation of A.
(d) Both A and R are correct but R is not the correct explanation of A.
Answer:
(c) Both A and R are correct and R is the correct explanation of A.

Identify the incorrect factor

Question 1.
Commercial fishing is carried along the following coastlines.
(a) North-East Atlantic coastline
(b) North-West Atlantic coastline
(c) Eastern coastline of Africa
(d) North-West coastline of Pacific Ocean
Answer:
(c) Eastern coastline of Africa

Question 2.
Agriculture is developed in the following continents.
(a) Antarctica
(b) Asia
(c) Europe
(d) North America
Answer:
(a) Antarctica

Question 3.
Animal husbandry is developed on a commercial basis in the following continents.
(a) North America
(b) Australia
(c) Asia
(d) South America
Answer:
(c) Asia

Question 4.
The following physical factors are important for agriculture.
(a) Climate
(b) Transport
(c) Soil
(d) Relief
Answer:
(b) Transport

Question 5.
The following economic factors are essential for agriculture.
(a) Transport
(b) Storage facilities
(c) Climate
(d) Capital
Answer:
(c) Climate

On an outline map of the world, show the following with appropriate symbols and prepare-an index.

Question 1.
(a) Horticultural area in Europe
(b) Plantation agriculture area in Asia
(c) Extensive commercial agriculture area in USA and Russia
(d) North-East Atlantic fishing
(e) Countries leading in commercial lumbering in Europe,
(f) Mining areas in Africa
Answer: