Department: Important Questions, Answers TamilNadu State Board

Commerce 11th std

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UNIT I FUNDAMENTALS OF BUSINESS

Chapter 1 Historical Background of Commerce in the Sub Continent

-:- Historical Background of Commerce in the Sub-Continent
-:- Barter System
-:- Hindrances of Commerce
-:- Elimination of Hindrances of Business

Chapter 2 Objectives of Business

-:- Objectives of Business
-:- Types of Economic Activities
-:- Classification of Business activities
-:- Characteristics of Business
-:- Objectives of Business

Chapter 3 Classification of Business Activities

-:- Classification of Business Activities
-:- Kinds of Industries
-:- Commerce as an Economic Activity

UNIT II FORMS OF BUSINESS ORGANISATION

Chapter 4 Sole Proprietorship

-:- Sole Proprietorship
-:- Definition of Sole Trader
-:- Characteristics of Sole Trader
-:- Advantages and Disadvantages of a Sole trader

Chapter 5 Hindu Undivided Family and Partnership

-:- Introduction to HUF(Hindu Undivided Family)
-:- Characteristics of Joint Hindu Family Business
-:- Meaning, Definition and Characteristics of Partnership
-:- Advantages of Partnership
-:- Disadvantages of Partnership
-:- Partnership Deed and its Contents
-:- Rights of a Partner
-:- Duties of Partner
-:- Liabilities of Partner
-:- Types of Partnership
-:- Types of Partners
-:- Procedure for Registration
-:- Drawbacks of Non-Registration of Partnership
-:- Dissolution of Partnership
-:- Dissolution of Partnership can take the following forms

Chapter 6 Joint Stock Company

-:- Meaning and Definition of a Joint Stock Company
-:- Characteristics of a Joint Stock Company
-:- Advantages of a Joint Stock Company
-:- Disadvantages of a Joint Stock Company
-:- Types of Companies
-:- Memorandum of Association
-:- Articles of Association (AOA) - Joint Stock Company
-:- Prospectus - Joint Stock Company

Chapter 7 Cooperative Organisation

-:- Cooperative Organisation: Meaning and Definition
-:- Principles of Cooperation
-:- Features of Cooperatives
-:- Advantages and Disadvantages of co-operative societies
-:- Types of Cooperatives

Chapter 8 Multi National Corporations MNCs

-:- Multi National Corporations (MNCs): Meaning and Definition
-:- Advantages and Disadvantages of Multi National Corporations (MNCs)
-:- Examples of Multi National Corporations (MNCs)

Chapter 9 Government Organisation

-:- Government Organisation
-:- Meaning and Features of Departmental Undertaking
-:- Advantages and Disadvantages of the departmental undertaking
-:- Meaning and Features of Public Corporation
-:- Advantages and Disadvantages of Public Corporation
-:- Meaning and Features of Government Company
-:- Advantages and Disadvantages of Government Company

UNIT III SERVICE BUSINESS I

Chapter 10 Reserve Bank of India

-:- Need for the Study on Service Business
-:- Banking Service
-:- The Historical Development of Banks in India
-:- Bank Definition
-:- Types of Banks
-:- Definition of Central Bank
-:- Origin of RBI(Reserve Bank of India)
-:- Organisational Structure of RBI
-:- Functions of RBI (Reserve Bank of India)

Chapter 11 Types of Banks

-:- Types of Banks: Introduction
-:- Types of banks

Chapter 12 Functions of Commercial Banks

-:- Functions of Commercial Banks
-:- Primary Funtions of Commercial Banks
-:- Secondary Functions of Commercial Banks
-:- Diversified Banking Functions of Commercial Banks
-:- Electronic Banking Functions of Commercial Banks
-:- Functions of All Commercial Banks in Totality

Chapter 13 Warehousing

-:- Warehousing
-:- Meaning of Warehouse and Warehousing
-:- Difference between Warehouse and Warehousing
-:- Need for Warehousing
-:- Types of Warehouses
-:- Functions of Warehouses
-:- Advantages and Drawbacks of Warehousing
-:- Warehousing Documents
-:- Warehousing in India

Chapter 14 Transportation

-:- Transportation
-:- Meaning and Definition of Transport
-:- Types of Transport
-:- Surface Transport
-:- Advantages and Disadvantages of Railway Transport
-:- Recent Trends in Railway Transportation
-:- Water Transport
-:- Air Transport
-:- Advantages and Disadvantages of Air Transport
-:- Services of Transport to Business
-:- Documents Used in Transportation
-:- Common Carrier

Chapter 15 Insurance

-:- Insurance
-:- Meaning and Definition of Insurance
-:- Principles of Insurance
-:- Types of Insurance
-:- Life Insurance (or) Life Assurance
-:- Types of Life Insurance (or) Life Assurance Policies
-:- Types of Non-life Insurance (or) General Insurance
-:- Marine Insurance and Types of Marine Insurance Policies
-:- Health Insurance and Types of Health Insurance
-:- Miscellaneous Insurance and its Types
-:- Terms used in Insurance
-:- Insurance Business Risks
-:- Nature of Business Risks in Insurance
-:- Types of Business Risks in Insurance
-:- Causes of Business Risks in Insurance
-:- Insurance Regulatory Development Authority of India (IRDAI)

UNIT IV SERVICE BUSINESS II

Chapter 16 Emerging Service Business in India

-:- Franchising
-:- Meaning and definition of Franchising
-:- Characteristics and Types of franchising
-:- Advantages and Advantages of franchising
-:- Factoring
-:- Logistics
-:- Outsourcing
-:- E-Commerce or Electronic Commerce

UNIT V SERVICE BUSINESS II

Chapter 17 Social Responsibility of Business and Business Ethics

-:- Social Responsibility of Business and Business Ethics
-:- Concept and Definition of social responsibility
-:- Need for Social Responsibility
-:- Arguments for and Against social responsibility
-:- Kinds of Social responsibility
-:- Social Responsibility towards Different Interest Groups

Chapter 18 Business Ethics and Corporate Governance

-:- Business Ethics and Corporate Governance
-:- Concept of Business Ethics
-:- Key Elements of Business Ethics
-:- Code of Business Ethics
-:- Corporate Governance
-:- Multinational Corporation(MNCs) in India
-:- International Benchmarking

UNIT VI BUSINESS FINANCE

Chapter 19 Sources of Business Finance

-:- Sources of Business Finance
-:- Meaning and Definition Business Finance
-:- Nature and Significance of Business Finance
-:- Classification of Business Finance
-:- Factors Influencing Choice of Business Finance
-:- Savings-Importance of Saving
-:- People investment Avenues

Chapter 20 International Finance

-:- International Finance
-:- Foreign Direct Investment(FDI) and Institutional Investors(FII)
-:- Advantages and Disadvantages of FDI (Foreign Direct Investment)
-:- International Capital Market
-:- Global Depositary Receipt (GDR) and its Features
-:- American Depository Receipts(ADR)
-:- Foreign currency convertible bonds (FCCB)

Chapter 21 Micro Small and Medium Enterprises MSME and Self Help Groups SHGs

-:- Micro, Small and Medium Enterprises (MSME)
-:- Role and Significance of MSMEs
-:- Contribution of MSMEs to Indian Economy
-:- MSME Sector in Tamil Nadu
-:- Self Help Groups

UNIT VII TRADE

Chapter 22 Types of Trade

-:- Types of Trade
-:- Classification of Trade
-:- Internal Trade: Meaning, Features, Types
-:- Foreign trade: Meaning and Types

Chapter 23 Channels of Distribution

-:- Channels of Distribution
-:- Channels of Distribution: Meaning, Definition
-:- Types of chennel of distribution
-:- Factors Influencing Channel of Distribution
-:- Middleman
-:- Kinds of Mercantile Agents or Agent Middlemen
-:- Merchant Middlemen
-:- Wholesale
-:- Characteristics and Function of Wholesalers
-:- Services of a Wholesaler
-:- Types of Wholesalers
-:- Retail trade: Meaning, Definition
-:- Characteristics and Function of Retailers
-:- Services Rendered by Retailers
-:- Distinction Between Wholesaler and Retailer

Chapter 24 Retailing

-:- Retailing
-:- Types of Retailers
-:- Itinerant or Mobile Traders
-:- Fixed Shop Retailers
-:- Fixed Shop Large Retailers
-:- Departmental Stores: Features, Advantages, Limitations
-:- Chain Stores or Multiple Shops: Features, Advantages, Limitations
-:- Role of Champers of Commerce and Industry Associations

UNIT VIII INTERNATIONAL BUSINESS

Chapter 25 International Business

-:- International Business
-:- Nature of International Business
-:- Concept, Meaning and Definition of International Business
-:- Method of Conducting International Business
-:- Features of International Business
-:- Rationale Behind International Business
-:- Differences Between Domestic Business and International Business
-:- Types of International Business
-:- Advantages and Disadvantages of International Business

Chapter 26 Export and Import Procedures

-:- Export Trade
-:- Export Trade Procedure
-:- Intermediaries in Export Trade
-:- Functions/Services of Export house
-:- Import Trade
-:- Import Procedure
-:- Intermediaries in Import Trade

Chapter 27 Facilitators of International Business

-:- World Trade Organisation (WTO)
-:- Functions/Role and Benefits of WTO
-:- Criticism Against WTO
-:- World Bank or International Bank for Reconstruction and Development (IBRD)
-:- International Monetary Fund (IMF)
-:- South Asian Association for Regional Co-Operation (SAARC)

Chapter 28 Balance of Trade and Balance of Payments

-:- Balance of Payments (BOP)
-:- Balance of Trade (BOT)

UNIT IX THE INDIAN CONTRACT ACT

Chapter 29 Elements of Contract

-:- Elements of Contract: Meaning and Definition
-:- Essentials of a Valid Contract
-:- Classification/Types of Contract

Chapter 30 Performance of Contract

-:- Performance of Contract
-:- Who will Perform the Contract?
-:- Reciprocal Promises

Chapter 31 Discharge and Breach of a Contract

-:- Discharge of Contract
-:- Remedies for Breach of Contract

UNIT X DIRECT AND INDIRECT TAXES

Chapter 32 Direct Taxes

-:- Direct Taxes
-:- Income Tax
-:- Features of Income Tax in India
-:- Basic Concepts of Income Tax

Chapter 33 Indirect Taxation

-:- Meaning of Indirect Tax
-:- Differences between Direct Taxes and Indirect Taxes
-:- Goods and Services Tax (GST)
-:- Kinds of GST (Goods and Services Tax)
-:- GST Council
-:- Objectives of GST (Goods and Services Tax)
-:- Benefits of GST
-:- Disadvantages of GST