Exercise 9.2 Long Answer Questions Question 1: How do small-scale industries contribute to the socio-economic development of India? Discuss. Answer: Small-scale industries (SSIs) have been… Read More
Category Archives: Class 11
CBSE Class 11 Syllabus for the academic year 2023-24. This Class 11 Syllabus has been designed to provide students with a strong foundation for higher… Read More
CBSE Notes for Class 11 provide a well-structured approach for comprehensive study and revision for the class 11 examination. In CBSE Class 11, for the… Read More
In a business, there are numerous transactions that take place on regular basis, these can be the purchase and sale of goods and services, receiving… Read More
What is Business? Business is an economic activity that includes activities related to the sales and purchase of goods and services on a regular basis… Read More
Exercise 11.2 Long Answer Questions Question 1: “International business is more than international trade”. Comment. Answer: It is true that international business is more than… Read More
A Bank Statement and a Bank Reconciliation Statement are often considered as same. But there are differences between them. A Bank Pass Book is the… Read More
What is Budget Line? A graphical representation of all possible combinations of two goods which a consumer can purchase with the given prices and income… Read More
In economics, demand is the quantity of a good or service that a consumer is willing and able to purchase at different price levels available… Read More
What is Returns to Factor? Returns to a factor refer to the rise in the total product that results from increasing just one factor while… Read More
The Goods and Services Tax or GST is a single, indirect tax that integrates all indirect taxes within the Indian economy. GST is a destination-based… Read More
What is International Business? A person cannot meet all of his requirements using only his available resources. He needs to trade goods and services with… Read More
The ‘word’ mode gets its roots from the old French word ‘La Mode’, which means most popular phenomenon, and from the Latin word ‘Modus’, meaning… Read More
E-commerce, also known as Electronic Commerce, refers to the purchase and sale of goods and services through the Internet. The first online transaction occurred in… Read More
What is the Law of Variable Proportions? Imagine that a farmer is cultivating wheat only by using more and more labour in a circumstance where… Read More
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