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11th Standard English Medium Commerce Subject Objectives of Business Creative 3 Mark Questions with Solution Part - II updated Creative Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every
Creative Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

latest Creative Questions

Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

Take MCQ Commerce Test

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What is meant by Commerce?

What is meant by Industry?

What is Public Enterprises?

What is Private Enterprises?

How do you explain large scale business?

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Answers Key:

Generic 2

5 x 2 = 10

Commerce establishes a link between the producers and consumers of goods and maintains a smooth arid uninterrupted flow of goods from producers to consumers.

Industry includes all those business activities which are connected with raising, producing or processing of consumer goods. Example-bread, butter, cheese, shoes, or capital goods like machinery.

An enterprise is said to be a public enterprice where it is owned, managed and controlled by Government or any of its agencies or both.

An enterprise is said to be a private enterprise where it owned, managed and controlled by persons other than Government.

The units which require large capital, employ large number of workers and produce the goods on large scale is known as Large Scale business. E.g: Suffola, Sunflower oil industries.(Extraction of edible oil from oil seeds in oil mills.)