SECTION A — (3 ´ 5 = 15 marks)
Answer any THREE questions.
1. Differentiate Business from profession.
2. What are the objectives of Co-operative societies?
3. What is articles of a company? What are its contents?
4. Define prospectus.
5. What are business combinations?
SECTION B — (4 ´ 15 = 60 marks)
Answer any FOUR questions.
6. Define Partnership. What are its advantages and disadvantages?
7. Define ‘Company’. What are its characteristics?
8. What is sole proprietoryship? What are its advantages over partnership and company type of business?
9. Define ‘Debenture’. Explain the types of debentures.
10. What are the advantages of large scale production?
11. What are the contents of memorandum of association?
12. Briefly explain the relationship between business and Government.