Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhuandrsquo;s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his companyandrsquo;s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was 25 lakh. Which kind of company is mentioned in above case?a)Private companyb)Public companyc)Government companyd)Statutory corporationCorrect answer is option 'B'. Can you explain this answer?

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Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhu’s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his company’s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was ₹ 25 lakh. Which kind of company is mentioned in above case?

a)
Private company
b)
Public company
c)
Government company
d)
Statutory corporation

Correct answer is option 'B'. Can you explain this answer?

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Test: Class 12 Entrepreneurship: CBSE Sample Question Papers- Term I (2021-22)

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A public company has minimum seven members. It does not restrict transfer of any share, invite public to subscribe its shares, debenture and public deposit. It has minimum paid-up capital of five lakh rupees and uses the word Ltd. at the end of its name.

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Every man must have a vocation - a trade, a business, or a profession - in order to earn his livelihood. There are institutions for imparting various types of specialized training to help men qualify for this. The specialist is in demand everywhere, - in the office as well as in factories, and even in educational institutions.There are schools for teaching medicine and engineering, accountancy and computer science. There are as many types of institutions for imparting vocational training as there are vocations. A person trained in one of these institutions will find greater scope to show his merits than one untrained. This is more than ever so today when vocations are multiplying, but ceased to be hereditary and child labour is becoming unlawful.An untrained man in the modern world may even be a liability or burden to society. He is a quack; he knows only the how of things; he has no idea of its why. Hence if there is any trouble anywhere, - breakdown in a machine, or mistake in a ledger, a mat-functioning of the gadget, he only pleads helplessness, grumbles and patches up the trouble anyhow, leading to a more serious fault.Reality there is no place for the untrained worker, in these days of specialised work.In all technically advanced countries, like England, America, Russia, Germany, Japan - only a few are encouraged to go up for a general education. The majority of youngmen have to attend a preparatory school till their eighteenth year or thereabout, and then join some vocational school. It may be a technical school for learning the intricacies of bookkeeping and accountancy or handling a computer. Hence there is now craze for a specialised degree. It must be some school that makes him a specialist; otherwise, he finds himself handicapped in struggle for earning a decent living.In our country, vocational education is yet to become popular. Very few students go in for the vocational stream in the H.S. Course; also very insignificant arrangements are made for it. They are expensive too. In most cases far too much stress is laid on theory. In a good system, theory and practice must be combined. To ensure this, along with class-work, there must be proper arrangements for ensuring practical training in a factory or a firm.The Apprenticeship system, which attaches a boy to a firm or a factory, has some admirable features.In Russia, technical classes are attached to factories and agricultural farms, which provide workers with excellent opportunities for improving their knowledge and skill.There is no doubt that vocational training makes a man more competent for his job. As a rule, a trained teacher would be more efficient than one untrained. A shop assistant or a sales representative who has learnt the theories of business organization or salesmanship, will be all the better for his job. A physician acquires invaluable experience if he puts in several years at a hospital as an intern.For all these reasons, we need an extensive network of all sorts of vocational schools. Today if one has to learn the higher techniques of wireless telegraphy, one must go to Poona; for learning agriculture one has to go to PUSA, near Delhi, for aeronautics, computer technology, to Bangalore, and so on. The scope is limited, compared with the needs.The best plan would be to attach training classes to various industrial organizations. The theoretical classes can be held in a school or a college and can be supplemented by a course of practical training in these institutions.Q. Why is vocational education not that popular in our country?

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Every man must have a vocation - a trade, a business, or a profession - in order to earn his livelihood. There are institutions for imparting various types of specialized training to help men qualify for this. The specialist is in demand everywhere, - in the office as well as in factories, and even in educational institutions.There are schools for teaching medicine and engineering, accountancy and computer science. There are as many types of institutions for imparting vocational training as there are vocations. A person trained in one of these institutions will find greater scope to show his merits than one untrained. This is more than ever so today when vocations are multiplying, but ceased to be hereditary and child labour is becoming unlawful.An untrained man in the modern world may even be a liability or burden to society. He is a quack; he knows only the how of things; he has no idea of its why. Hence if there is any trouble anywhere, - breakdown in a machine, or mistake in a ledger, a mat-functioning of the gadget, he only pleads helplessness, grumbles and patches up the trouble anyhow, leading to a more serious fault.Reality there is no place for the untrained worker, in these days of specialised work.In all technically advanced countries, like England, America, Russia, Germany, Japan - only a few are encouraged to go up for a general education. The majority of youngmen have to attend a preparatory school till their eighteenth year or thereabout, and then join some vocational school. It may be a technical school for learning the intricacies of bookkeeping and accountancy or handling a computer. Hence there is now craze for a specialised degree. It must be some school that makes him a specialist; otherwise, he finds himself handicapped in struggle for earning a decent living.In our country, vocational education is yet to become popular. Very few students go in for the vocational stream in the H.S. Course; also very insignificant arrangements are made for it. They are expensive too. In most cases far too much stress is laid on theory. In a good system, theory and practice must be combined. To ensure this, along with class-work, there must be proper arrangements for ensuring practical training in a factory or a firm.The Apprenticeship system, which attaches a boy to a firm or a factory, has some admirable features.In Russia, technical classes are attached to factories and agricultural farms, which provide workers with excellent opportunities for improving their knowledge and skill.There is no doubt that vocational training makes a man more competent for his job. As a rule, a trained teacher would be more efficient than one untrained. A shop assistant or a sales representative who has learnt the theories of business organization or salesmanship, will be all the better for his job. A physician acquires invaluable experience if he puts in several years at a hospital as an intern.For all these reasons, we need an extensive network of all sorts of vocational schools. Today if one has to learn the higher techniques of wireless telegraphy, one must go to Poona; for learning agriculture one has to go to PUSA, near Delhi, for aeronautics, computer technology, to Bangalore, and so on. The scope is limited, compared with the needs.The best plan would be to attach training classes to various industrial organizations. The theoretical classes can be held in a school or a college and can be supplemented by a course of practical training in these institutions.Q. How can scope for vocational training be improved and promoted in our country?

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Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhu’s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his company’s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was 25 lakh. Which kind of company is mentioned in above case?a)Private companyb)Public companyc)Government companyd)Statutory corporationCorrect answer is option 'B'. Can you explain this answer?

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Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhu’s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his company’s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was 25 lakh. Which kind of company is mentioned in above case?a)Private companyb)Public companyc)Government companyd)Statutory corporationCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhu’s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his company’s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was 25 lakh. Which kind of company is mentioned in above case?a)Private companyb)Public companyc)Government companyd)Statutory corporationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prabhu was a talented artist. He started his own furniture business. His designs were very unique. People loved his designs. Eventually Prabhu’s business became a huge success. Prabhu wanted to expand his business. For this purpose, he needed funds so he decided to sell a particular percentage of his share through the medium of an initial public offer. Where the interested parties, apply for his company’s share. He also appointed 8 members for the company. All of them were specialised in some aspect of business including himself. The paid up capital of company was 25 lakh. Which kind of company is mentioned in above case?a)Private companyb)Public companyc)Government companyd)Statutory corporationCorrect answer is option 'B'. Can you explain this answer?.

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