Description

Business Studies (319)
Tutor Marked Assignment
Maximum Marks: 20

Note:
i) All questions are compulsory. The marks allotted for each question are given at the same place.
ii) Write your name, enrolment number, AI name and subject on the top of the first page of the answer sheet.

1. Answer any one of the following questions in about 40-60 words.
a) Your friend Mohit has opened a bank account for the first time and is not aware about the functions performed by a commercial bank. Explain to him the various primary functions performed by a bank. (See Lesson 2)
b) Gopal and Atul have entered into a partnership business. What are the various merits of this form of business? (See Lesson 4)

2. Answer any one of the following questions in about 40-60 words. 2
a) Suraj wanted to know the differences between Business, Profession and Employment. Help him understand the key differences between these 3 classifications of economic activities and explain. (See Lesson-1)
b) A car manufacturing company wants to apply principles of scientific management to speed up production and improve group efforts. Help them understand the various principles of Scientific management and elaborate. (See Lesson-6)

3. Answer any one of the following questions in about 40-60 words. 2
a) Differentiate between fixed capital and working capital. Why is working capital important for business? (See Lesson 11)
b) The terms ‘marketing’ and ‘selling’ are related but not synonymous. Do you agree? Explain (See Lesson 14)

4. Answer any one of the following questions in about 100-150 words. 4
(a) Raj ordered a smartwatch online, but when it arrived, it wasn’t the model he ordered. The seller refused to replace it, claiming “No Return Policy.” Which consumer right is violated here? Also identify and explain the various other Rights of consumers. (See Lesson-17)
(b) ‘A group of farmers forms an organization to collectively purchase seeds, fertilizers, and equipment at lower prices, ensuring they all get better deals. Which form of Business organisation do they form? Explain its major characteristics and its advantages (See Lesson-4 )

5. Answer any one of the following questions in about 100-150 words. 4
a) You have just completed your Sr. Secondary and wish to apply for a job. For the purpose you need to prepare a detailed Bio-data and covering letter. What would be the important aspects and components which you need to keep in mind while preparing the same. Explain. (See Lesson 21)
b) There are numerous functions performed in Marketing. Identify and elaborate. (See Lesson-14)

6. Prepare a project on any one of the following. 6
a) Raj wants to start his own car repair workshop but lacks technical skills. He hears about the various government initiative that offers skill development. Identify and explain these schemes. (See Lesson-22)
b) Your Brother wants to start a business of his own. Explain to him the various sources from where he can arrange short term finance requirements (See Lesson-11)