Commerce Exam > Commerce Notes > Additional Study Material for Commerce > Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 | Additional Study Material for Commerce PDF Download
Q1. Name the two State-level specialised financial institutions. (CBSE 2012 Comptt.) (1 mark)
Ans. Two State-level specialised financial institutions are as follows :
(i) State Financial Corporations (SFCs)
(ii) State Industrial Development Corporations (SIDCs)
Q2. What is the role of specialized financial institutions in India ? (TBQ) (1 mark)
Ans. They play a role of a promotional “mentor” and technical advisor to a wide range of upcoming and existing entrepreneurs.
Q3. When was SIDBI established ?
Ans. SIDBI was established in April, 1990.
Q4. Ram Prasad, a cotton grower, from Bihar, wants to start a cottage industry for weaving cotton into handloom. Which specialized financial institution should he approach to meet the credit requirements of his industry. (SQP) (1 mark)
Ans. NABARD.
Q5. Why were Specialized Financial Institutions (SFIs) established ? (2 marks)
Ans. Specialized Financial Institutions (SFIs) were established to meet the long-term financial requirement of such enterprises which face greater difficulties than others in procuring long-term finance.
Q6. Why are SFIs also called ‘development banks” ? (2 marks)
Ans. As SFIs provided developmental finance, that is, finance for investment in fixed assets, they are also known as “development banks” or “development financial institutions”.
The document Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 | Additional Study Material for Commerce is a part of the Commerce Course Additional Study Material for Commerce.
All you need of Commerce at this link: Commerce
|
4 videos|168 docs
|
FAQs on Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 - Additional Study Material for Commerce
| 1. What is business arithmetic? |  |
Ans. Business arithmetic refers to the mathematical calculations and operations involved in business and financial transactions. It includes various aspects such as calculating profits, losses, interest, discounts, taxes, and other financial measurements. It helps entrepreneurs and business professionals in making informed decisions and managing their finances effectively.
| 2. What is entrepreneurship? | |
Ans. Entrepreneurship is the process of creating, developing, and managing a business venture with the aim of making a profit. It involves identifying opportunities, taking risks, organizing resources, and implementing innovative ideas to establish and grow a successful business. Entrepreneurs are individuals who possess a strong vision, creativity, leadership skills, and a willingness to take calculated risks.
| 3. What are the key skills required for entrepreneurship? | |
Ans. The key skills required for entrepreneurship include:
- Creativity and Innovation: The ability to think outside the box and come up with unique ideas and solutions.
- Leadership and Management: The capability to lead and motivate a team, manage resources, and make effective decisions.
- Risk-taking and Resilience: The willingness to take calculated risks and the ability to bounce back from failures.
- Networking and Communication: The skill to build and maintain relationships, negotiate deals, and effectively communicate with stakeholders.
- Financial Management: The knowledge of managing finances, budgeting, and understanding financial statements.
| 4. How can business arithmetic help in financial planning? | |
Ans. Business arithmetic plays a crucial role in financial planning by providing accurate and reliable calculations. It helps entrepreneurs in determining their financial goals, estimating costs and expenses, projecting revenues, and analyzing profits and losses. Business arithmetic also aids in making financial forecasts, budgeting, and assessing the financial viability of business decisions. It enables entrepreneurs to make informed financial decisions and take necessary actions to achieve their financial objectives.
| 5. What is the importance of entrepreneurship in the economy? | |
Ans. Entrepreneurship plays a vital role in the economy by driving innovation, creating job opportunities, and fostering economic growth. It leads to the development of new products, services, and technologies, which contribute to overall progress and competitiveness. Entrepreneurs bring new ideas and solutions to the market, stimulate competition, and increase productivity. Their ventures generate employment, generate tax revenue, and contribute to the overall economic development and prosperity of a nation.
Related Exams
About this Document
|
4.68/5 Rating |
|
Nov 09, 2024 Last updated |
Document Description: Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 for Commerce 2024 is part of Additional Study Material for Commerce preparation.
The notes and questions for Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 have been prepared according to the Commerce exam syllabus. Information about Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 covers topics
like and Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12.
Introduction of Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 in English is available as part of our Additional Study Material for Commerce
for Commerce & Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 in Hindi for Additional Study Material for Commerce course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 | Additional Study Material for Commerce
Description
Full syllabus notes, lecture & questions for Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 | Additional Study Material for Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Additional Study Material for Commerce | Best notes, free PDF download
Information about Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12
In this doc you can find the meaning of Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 defined & explained in the simplest way possible. Besides explaining types of
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 theory, EduRev gives you an ample number of questions to practice Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Previous Year Questions with Solutions
,Entrepreneurship
,practice quizzes
,Very Short Type Questions - Business Arithmetic
,Entrepreneurship
,Sample Paper
,Objective type Questions
,Viva Questions
,Important questions
,MCQs
,mock tests for examination
,Free
,Semester Notes
,past year papers
,video lectures
,Extra Questions
,shortcuts and tricks
,Class 12 | Additional Study Material for Commerce
,Summary
,Entrepreneurship
,Class 12 | Additional Study Material for Commerce
,study material
,Very Short Type Questions - Business Arithmetic
,ppt
,Exam
,Class 12 | Additional Study Material for Commerce
,Very Short Type Questions - Business Arithmetic
;
Additional Information about Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 for Commerce Preparation
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Free PDF Download
The Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 now and kickstart your journey towards success in the Commerce exam.
Importance of Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12
The importance of Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Notes
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Notes on EduRev are your ultimate resource for success.
Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Commerce
The "Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 on the App
Students of Commerce can study Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Very Short Type Questions - Business Arithmetic, Entrepreneurship, Class 12 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup