Author name: Bhagya

Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 5 Forms of Business Organisation-1 Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 5 Forms of Business Organisation-1 Short Answer Type Questions Question 1. List out the business activities a sole proprietor does. Answer: The […]

Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 4 Communication, E-Commerce and Outsourcing Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 4 Communication, E-Commerce and Outsourcing Short Answer Type Questions Question 1. What is a dialect? Who use it as a tool for

Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 3 Business Services-2 Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 3 Business Services-2 Short Answer Type Questions Question 1. When and where did the first bank start? Answer: In Geneva, Switzerland in 1407 CE.

Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 2 Business Services-1 Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 2 Business Services-1 Short Answer Type Questions Question 1. State the principles of insurance. Answer: Principle of utmost good faith, Principle ofindemnity, Principle of

Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 1 Nature, Purpose and Scope of Business Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 1 Nature, Purpose and Scope of Business Short Answer Type Questions Question 1. Into how many types can you divide

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 11 Economic Thoughts Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 11 Economic Thoughts Short Answer Type Questions Question 1. What are economic thoughts? What do they contain? Answer: The thoughts that are related to human life and economic activities are called

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 10 Budget Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 10 Budget Short Answer Type Questions Question 1. What is NITI Aayog? Answer: The planning commission of India is now known as NITI Aayog. Its full form is National Institution for Transforming

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 9 National Income Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 9 National Income Short Answer Type Questions Question 1. On which three concepts in national income based / calculated? Answer: Production, income and expenditure Question 2. State Alfred Marshall’s (Production based)

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 8 Economic Reforms Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 8 Economic Reforms Short Answer Type Questions Question 1. What kind of economy did India adopt after independence? Answer: India adopted mixed economy i.e. the mixed type of economic system with

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