Strategic industries like defence and atomic power cannot be better managed other than government departments. Department undertakings can maintain secrecy in their working. So for the security of the country defence industry are always owned and controlled by departmental undertaking.

Being an important part of the country, every business must have the objective of fulfilling national goals and aspirations. The goal of the country may be to provide employment opportunity to its citizen, earn revenue for its exchequer, become self-sufficient in production of goods and services, promote social justice, etc., Business activities should be conducted keeping these goals of the country in mind, which may be called national objectives of business.

Secondary industries are concerned with using the materials which have already been extracted at the primary stage. These industries process such materials to produce goods for final consumption or for further processing by other industrial units. For example mining of an iron ore is a primary industry, but manufacturing of steel by way of further processing of raw irons is a secondary industry.

The whole of commerce activity has emerged from barter system into a multi- imensional and multifaceted scientific system consisting of courses like Monetary system, Mail-order business, Hire purchase system, Instalment purchase system and so on.

Since the capital is contributed by one individual only, business operations have necessarily to be on a limited scale. 

Domestic Company means an Indian Company, or any other company which, in respect of its income liable to tax under the act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income.

1. Warehouse is a place where goods are stored for future use whereas; warehousing is an arrangement of goods.
2. Warehouse is to hold goods for storing purpose only. Warehousing object is to preserve and protect the goods from deterioration.

Yes. But it can be dissolved only at the will of all the members of the family. Any single member has not right to get the business dissolved. It should be done through mutually agreed partition deed registered by paying proper stamp duty meant for it.

Achievements of the RBI :-
i. RBI is one of the central banks in the world. RBI took proactive measures during global economic slowdown in 2008 - 2009 to save Indian economy.
ii. NABARD was once a subsidiary of RBI It is the first of its kind in the entire world.
iii. The demonetisation in 2016 - 2017 was a grand success because of the leadership role of the RBI.