Practical Questions
1. Calculate National Income from the following Data
Sales=5000
Closing stock=800
Opening stock=200
Intermediate Consumption=800
Depreciation=400
NIT=300
Net current transfer from abroad=200
{Hint:- Use value added method
Value of output=Sales+ Change in Stock (Closing-opening)}
(ANS=4300)
Answers
Answer:
manufacturer produces two different models; X and Y, of the same product .The raw materials r1 and r2 are required for production. At least 18 Kg of r1 and 12 Kg of r2 must be used daily. Almost at most 34 hours of labor are to be utilized .2Kg of r1 are needed for each model X and 1Kg of r1 for each model Y. For each model of X and Y, 1Kg of r2 is required. It needs 3 hours to manufacture model X and 2 hours to manufacture model Y. The profit realized is $50 per unit from model X and $30 per unit from model Y. How many units of each model should be produced tomportance of commerce.
and the distribution of finished goods." Explain.
person, place and time". Explain.
7. Describe aids to trade.
11. Explain industrial groupings.
sectors.
13. Distinguish between profit and non-profit making organisations.
14. Explain in brief the features of non-profit organisations.
15. Explain different types of non-profit making organisations.
16. Discuss the nature and types of charitable organisations.
17. Write notes on : (a) mutual benefit organisations;
(b) common weal organisations.
18. Give a comparison between public sector, private sector and joint sector enterprises.
19. Explain the characteristics of public sector enterprises.
20. Describe the characteristics of private sector enterprises.
21. Explain the characteristics of joint sector enterprises.
22. What is a commercial organisation? State its characteristics. Distinguish between
commercial and non-commercial organisations.
23. Distinguish between an organisation, a firm and a company,
5. "Commercial activities deal with buying and selling of goods, the exchange of commodities
6. Commerce consists of all those activities which are involved in the removal of hindrances of
8. Explain the interrelationship between trade, commerce and industry.
9. Distinguish between organisation, firm and company.
10. Give the classification of commercial organisations according to activities.
12. Describe the classification of business organisations into primary, secondarymanufacturer produces two different models; X and Y, of the same product .The raw materials r1 and r2 are required for production. At least 18 Kg of r1 and 12 Kg of r2 must be used daily. Almost at most 34 hours of labor are to be utilized .2Kg of r1 are needed for each model X and 1Kg of r1 for each model Y. For each model of X and Y, 1Kg of r2 is required. It needs 3 hours to manufacture model X and 2 hours to manufacture model Y. The profit realized is $50 per unit from model X and $30 per unit from model Y. How many units of each model should be produced to