Question

1
State whether the following statements are true or false;
MARKS
1 Economic activities Business + Profession + Employment
Inde and Aids to trade ve the branches of Commerce.
Advertising removes the hindrance of information.
The minimum number of partners required for partnership is two.
The head of the Joint Hindu Family business is called Karta.
1
6 The capital of a company is divided into number of parts, each one of which is called Share
1
? Nemonndum of Association defines the objectives of a Company
1
In Partnership form of Business organization, even member acts both as an agent and as a principali
9. Equity share holders are called owners of the company,
1
10. Business finance refers to the money required for carrying oul business activities.
11. Retained earnings refer to that part of profits which is kept as reserve for use in the future.
12. Internal trade relers to buying and selling of goods and services within the geographical boundaries
13. Registration is compulsory in case of cooperative society
ਤੋਂ 14. Retailer deals in large number of goods
1
35. Wholesale keeps only samples in the shop.
1
16. Economic activities are undertaken with an objective of eaming money or for a financial gain. 1
The occupation in which people work for others and get remunerated in return is employment
18 Commerce is the sum total of all those activities which are concerned with the transfer of goods and
Services from the producers to the consumers.
19 Registration of a Partnership firm is not compulsory.
20 Social service is not an economic activity.​

Answer 1

Answer:

answer is true

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Answer 2

Answer:

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