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Lesson Posted on 15/06/2019 CBSE/Class 11/Commerce CBSE/Class 11/Commerce/Business Studies

Introduction on business:-

Ishita

Overview of nature and purpose of businessConcept of business:-Business can be defined as an economic activity concerned with regular production and distribution of goods and services to fulfil the needs and wants of society with a motive to earn a reasonable profit.Characteristics of business:-- Economic... read more

Overview of nature and purpose of business
Concept of business:-
Business can be defined as an economic activity concerned with regular production and distribution of goods and services to fulfil the needs and wants of society with a motive to earn a reasonable profit.
Characteristics of business:-
- Economic activity
- Production of goods and services
- Sale of products and services
- Dealing regularly
- Uncertainty of return
- Risk
- Profit
- Dynamic movement
- Legality
- Satisfying human needs and wants
Objectives of business:-
Goals of business can be categorised into two parts that are the primary objective and secondary objective.
Primary objective:-
The primary aim of the business is:-
- Survival
- Profit earning
- Growth
Secondary objective:-
These are as follows:
- Market standing
- Innovation
- Productivity
- Resources earning
- Manager performance
- Workers' performance
- Social responsibility
Classification of business activities:-
It can be classified into two parts:
1. Industry and

2. Commerce
The industry refers to a group of firms producing similar products.
It can be further categories into three parts:
Primary industries
- Genetic industry
- Extractive industry

Secondary industry
Manufacturing industry:-  it can be of four types:
Analytical industry, synthetical sector, processing industry, and assembling industry.
Construction industry
Tertiary industry
Commerce:- It can be classified into two parts:-
Trade and auxiliary to trade
Trade having the following parts:-
- Iternal trade consisting of wholesale and retail business
- External trade consisting of import, export and entrepot.
Auxiliary to trade consisting of:-
- Transportation and communication
- Banking
- Warehousing
- Advertisement
- Insurance

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Lesson Posted on 30/05/2019 CBSE/Class 11 CBSE/Class 12/Commerce CBSE/Class 11/Commerce/Business Studies

Qualities of a good entrepreneur - Class 12 / Std- XII th (Commerce - Economics)

Rajiv Vadera

I am MBA Finance. I believe in conceptual learning and not just theoretical

Characteristics/Traits of a successful entrepreneur - CBSE/NCERT - Business Studies IGCSE Business Studies
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Answered on 17/12/2018 CBSE/Class 11/Commerce/Business Studies

Education Hub

Yes I can teach economics and business studies for 2hrs
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Lesson Posted on 31/08/2018 Schools/CBSE Schools CBSE/Class 11/Commerce/Business Studies

Different types/kinds of banks in India - Class 11

Rajiv Vadera

I am MBA Finance. I believe in conceptual learning and not just theoretical

Different Types of Banks- 1. Central Bank- The central bank is the apex bank in banking structure of any country. The Central Bank controls the flow of currency in the economy. It regulates the other banks in the country. It also works as a banker to the government. When other banks are in a problem,... read more

Different Types of Banks-

1. Central Bank- The central bank is the apex bank in banking structure of any country. The Central Bank controls the flow of currency in the economy. It regulates the other banks in the country. It also works as a banker to the government. When other banks are in a problem, they approach the Central Bank for assistance. Hence it is also called as a banker's bank. The Central Bank has sole authority to print the paper currency of the country. In India, the Reserve Bank of India is the Central Bank. Likewise, The Bank of England is the Central Bank of England and Federal Reserve Bank is the central bank of the United States of America.

2. Commercial banks- Commercial banks are the banks which do the banking business with the aim of earning profits. They accept deposits from the public and lend them to traders, manufacturers, and businessmen. For example, Bank of India, Axis Bank, HSBC etc.

3. Development Banks - These banks provide financial assistance to various industries for the purchase of machinery and equipment, modernization and expansion. For example, IFCI (Industrial Finance Corporation of India and SFCs (State Financial Corporations)

4. Co-operative banks - Co-operative banks are the banks whose main objective is to provide financial assistance to economically weaker sections of the society. Examples of cooperative banks are The New India Cooperative Bank, Cosmos Co-op Bank etc.

5. Specialized Banks- These banks specialize in providing financial assistance to a particular industry or sector. For example, EXIM Bank, SIDBI, NABARD etc.

6. Regional Rural Banks- The main aim of Regional Rural Banks (RRBs) is to provide banking services in rural areas. Its function is to provide financial assistance to small traders and farmers in rural areas

7. Exchange Banks. These banks are mainly concerned with the financing of foreign trade. The main function of such banks is to provide a facility for transfer of money from one country to another. Example Bank of America and Bank of Tokyo are Exchange banks operating in India

8. Indigenous Bankers - These are private lenders who charge a very high rate of interest on loans given by them

9. Savings Bank- The main aim of the Savings Bank is to cultivate a habit of saving among people. For example, Post Office savings bank

Refer - Various Types of Banks

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Lesson Posted on 28/08/2018 CBSE/Class 11/Commerce/Business Studies CBSE/Class 11 CBSE/Class 12/Commerce/Economics

Profession and its features - Type of Economic Activities, NCERT Business Studies

Rajiv Vadera

I am MBA Finance. I believe in conceptual learning and not just theoretical

CBSE Class 11th, OC/OCM - State Board, ICSE/ISC - Commercial Studies, IGCSE/GCSE - Economics
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Answered on 19/03/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Artha C

Artha Academy

Yes, banks provide a vide range of services like accepting deposits, lending of advances, honouring financial instrumrnts like cheques, demand drafts, bills etc. Nowadays banks are also providing services like demat account services, insurance services.
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Answered on 21/03/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Umed Singh Shekhawat

Maths Tutor

savings bank account current account fix diposite account recurring deposite account over draft account loan accounts etc.
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Answered on 07/04/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Venkatraman R.

Life Insurance is a policy which will safeguard financial interest of your immediate family members (nominee) in case of any untoward incident (like death of yours). Secondly, it is also used as reducing your tax liability.
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Answered on 22/05/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Sunita Agrawal

Experienced hindi teacher for kids and elders for spoken hindi

Because we can carry it from one place to other
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Answered on 07/06/2018 CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

What are the incentives provided by the government for industries in backward and hilly areas?

Shivani Gupta

Krishna Tution

Some of the common incentives provided by the government far industries in backward and hilly areas are: (i) Power Power is supplied at a concessional rate of 50 %, while some states exempt such units from payment in the initial years.(iii) Water Water is supplied on no-profit, no-loss basis or with... read more

Some of the common incentives provided by the government far industries in backward and hilly areas are:

(i) Power Power is supplied at a concessional rate of 50 %, while some states exempt such units from payment in the initial years.
(iii) Water Water is supplied on no-profit, no-loss basis or with 50 % concession or exemption from water charges for a period of 5 years.

(iv) Tax Holiday Exemption from paying taxes for 5 or 10 years is given to industries established in backward, hilly and tribal areas.

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