Question

One day, ten people from different walks of life met in a Kolkata

Fitness Club. They were discussing about their work and were

exchanging ideas to improve their means of livelihood. Amongst

them, Mr. Dixit is a doctor, who runs his own clinic where he has kept

a compounder to assist him. Mr. Jaiswal has a renowned cotton

garment industry and Mr. Verma has a chain of restaurants.

To overcome the financial crisis in the present COVID 19 situation,

five of them decided and mutually agreed to jointly carry on a

business of distributing masks, gloves, sanitisers and face shields

and share its profits and losses equally.

Based on the above Case Study, you are asked to answer the following

questions:

1. Which category of industry does Mr. Jaiswal's Cotton garment

industry fall into?

2. Mr. Verma donates Rs. 1,00,000 to ‘Amphan Relief Fund’ organised

by Ramkrishna Mission. What type of organisation is Ramkrishna

Mission?

3. How does Mr.Verma’s organisation differ from Ramkrishna Mission?

4. Name the occupation with which Mr. Verma is engaged in.

5. As the business decided to be conducted by the five persons is related

to public health, they wanted to get it registered under the Act and

make a separate legal entity of the business. What type of business

undertaking will it be named now?

6. State the Minimum and Maximum number of persons the business

entity can have as mentioned in Q 5.

7. What kind of occupation is Mr. Dixit’s compounder engaged in?

8. State one feature of the occupation that Mr. Verma is engaged in.

9. In the post Covid period, Mr. Verma has decided to introduce home

delivery of the orders of food from his restaurant. Name the Aid to

Trade which is required for home delivery of food.

10.Mr. Verma also wants to expand his business by introducing dry fruits

delivery to Bangladesh and Nepal. Name the kind of trade that Mr.

Verma will be engaged in delivering the dry fruits to Bangladesh and

Nepal.​

Answer 1

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