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Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 7 Indian Economy Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 7 Indian Economy Short Answer Type Questions Question 1. What name was India given in the ancient time? How did it get that name? Answer: India was named ‘Bharat’ in the […]

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 6 Market Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 6 Market Short Answer Type Questions Question 1. Give Samuel’s definition of market. Answer: “Market is the functional system where the buyers and sellers contact each other to decide the price and

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 5 Cost of Production and Concept of Revenue Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 5 Cost of Production and Concept of Revenue Short Answer Type Questions Question 1. State two importance of determining / cost and revenue for a firm.

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 4 Supply Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 4 Supply Short Answer Type Questions Question 1. Define production. Answer: The quantity of goods created by the available factors of production during a fixed time period is called production. Question 2.

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 3 Demand Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 3 Demand Short Answer Type Questions Question 1. Name the factors that define or determine demand. Answer: Desire Willingness to buy Ability to buy A particular price and A particular point of

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 2 Fundamental Concepts and Terminologies Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 2 Fundamental Concepts and Terminologies Short Answer Type Questions Question 1. Define price. Answer: If a commodity is exchanged for money then such monetary exchange-value is termed as ‘price’.

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 12 Business Environment Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 12 Business Environment Short Answer Type Questions Question 1. Define business environment. Answer: The environment created by the group of factors such as economic,

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 11 Consumer Protection Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 11 Consumer Protection Short Answer Type Questions Question 1. What is consumer protection? Answer: The act of providing shield to consumer from the unethical,

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 10 Marketing Management Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 10 Marketing Management Short Answer Type Questions Question 1. What does the marketing process tries to balance? Answer: The needs of the consumers and

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 9 Financial Market Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 9 Financial Market Short Answer Type Questions Question 1. What is the chief objective of financial system of the any country? Answer: Converting savers

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 8 Financial Management Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 8 Financial Management Short Answer Type Questions Question 1. State the most common and understandable definition of finance. Answer: The management of finance is

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 7 Controlling Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 7 Controlling Short Answer Type Questions Question 1. Define controlling in general terms. Answer: In layman language, controlling means to decide the activities to be

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 1 Economics: An introduction Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 1 Economics: An introduction Short Answer Type Questions Question 1. What does the word ‘economics’ mean in Sanskrit terms? Answer: In ancient India, Economics was termed as ‘Arthshashtra’. It is

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 6 Directing Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 6 Directing Short Answer Type Questions Question 1. State the definition of direction as given by Koontz and O’Donnell. Answer: Direction is the executive function

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 5 Staffing Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 5 Staffing Short Answer Type Questions Question 1. When did Indian industries start large-scale production? Answer: After industrial revolution Question 2. What does staffing include?

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 4 Organizing Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 4 Organizing Short Answer Type Questions Question 1. Which function of management decides the goal of the organization? Answer: Planning Question 2. Which function of

Gujarat Board GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 3 Planning Important Questions and Answers. GSEB Class 12 Organization of Commerce and Management Important Questions Chapter 3 Planning Short Answer Type Questions Question 1. Give the definition of planning according to George R Terry. Answer: Function of planning means, assumptions for