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WorksheetsBusiness Studies Term 2
Total questions: 27
Worksheet time: 27mins
Hey Myra, Rohan, and Riyaan! Can you guess the different types of Responsibility that we all have?
Legal
Economic
Ethical
Discretionary
All of the above
Hey Anika, Viaan, and Krish! When we talk about the responsibility to work within laws, we're diving into the world of ____________ Responsibility. What do you think it is?
Legal
Discretionary
Both
None
Asher, Avani, and Siya are having a debate about the importance of respecting religious sentiments. They wonder, this act is an example of ______ ?
Legal Responsibility
Ethical Responsibility
Discretionary Responsibility
Economic Responsibility
Hey Eesha, did you know that donating to society is a fantastic way to show your ______ responsibility? What do you think it is?
Ethical
Economic
Discretionary
Legal
Hey Shreya, Aisha, and Eesha! Let's dive into a fun debate: What are the arguments against social responsibility?
1) Burden on consumers
2) Lack of Broad public support
3) Lack of social skills
4) Avoidance of govt regulation
5) Long term interest
1,2,4
1,2,5
2,4,5
1,2,3
Hey Ishika, Myra, and Saisha! Can you name the different interest groups that play a role in our economy?
Shareholders
Workers
Consumers
Government
Hey Aashi, Mira, and Prisha! Can you guess from which language the word Ethics is derived? Let's see who knows their linguistic roots!
Arabic
Spanish
Greek
English
Hey Tisha, Aanya, and Dhruv! Can you guess in which country ADR is issued?
USA
Canada
India
Europe
Imagine Asher and Tisha are traders in a bustling market. When Asher lends some goods to Tisha, what do we call this friendly gesture of credit extended by one trader to another?
Retained Earning
Trade Credit
Loan
Share
Hey Shreya, do you know what Retained earnings is also known as?
Deep ploughing
Ploughing back of profit
Opposite ploughing profit
None of these
Hey Aashi, Kiara, and Siya! Let's dive into the exciting world of equity shareholders!
Elect the Board of Directors (BOD) and make your voice heard!
Be the proud owners of the company!
Receive dividends and enjoy the rewards!
All of these awesome objectives!
Hey Kabir, can you help Viaan and Rohan differentiate Shares and Debentures based on Control?
[note - first type shares followed by debentures]
Hey there, future financial wizards! Let's have some fun with this quiz!
1) Who do you think is the owner of the asset? (Hint: Think of the one who lends it out!)
2) And who is the lucky user of the asset? (Hint: This person gets to enjoy it!)
3) Finally, what do we call the fixed periodic amount that needs to be paid? (Hint: It's not a birthday gift!)
Let's see if Divya, Shreya, or Kiara can get this right!
1) Lessee
2) Lessor
3) Lease amount
1) Lessor
2) Lessee
3) Lease Amount
1) Lessee
2) Lessor
3) Lease Rental
1) Lessor
2) Lessee
3) Lease Rental
Hey Krish, can you guess which currency GDR is dominated in?
INR
EURO
USD
NONE OF THESE
Hey there, finance whizzes! Can you help Mira figure out what FCCB stands for?
Foreign Convertible Currency Bond
Foreign Currency Convertible Bond
Foreign Convertible Currency Bond
Foreign Currency Convertible Bond
Hey there, students! Can you help Rahul, Ria, and Kiara figure out the full form of MSME?
(a) Micro, Small and Medium Enterprises
(b) Micro, Small and Manageable Enterprises
(c) Micro, Strong and Medium Enterprises
(d) Micro, Small and Medium Exchange
Hey there, future economists! Can you guess what percentage of GDP is contributed by our amazing MSMEs? Is it:
75%
29%
29.7%
30%
Hey Ananya! If you were to invest Rs 1 crore in an MSME and the turnover is less than 5 crores, what type of enterprise would that be?
Micro enterprise
Macro enterprise
Small enterprise
Medium enterprise
Hey Ria, can you guess what percentage share medium enterprises hold in the MSME sector?
0%
10%
0.1%
1.5%
Hey there, Ananya, Aarush, and Sanya! Can you guess which organization was set up in 1982 to promote integrated rural development?
NBARD
RSBDC
NSIC
DIC
Hey there, future legal eagles! Can you help Kabir, Kiara, and Akhil identify the year for the following acts?
1) Trade mark act 2) Design Act 3) Geographical Indication of Goods Act
4) Farmers rights act 5) Copyrights Act
1) 2005
2) 1980
3) 1999
4) 2000
5) 1940
1) 1999
2) 1940
3) 2005
4) 1980
5) 2000
1) 1999
2) 2000
3) 1999
4) 2001
5) 1957
1) 2005
2) 1980
3) 2000
4) 1940
5) 1999
Hey there, Avni! Let's dive into some fun copyright and patent trivia!
1) Can you guess the validity period for copyrights?
2) What do you think is the minimum year for a Patent?
1) Sixty Years
2) Twenty Years
1) 70
2) 30
1) 40
2) 20
1)65
2) 40
Hey there, future business moguls! 🌟 Let's dive into some fun trade trivia!
1) What do we call trade that happens within our own country? 🤔
2) And what about trade that crosses borders into different countries? 🌍
3) Can you guess who the wholesaler connects? Is it between ________ and _____? 🤝
4) Think of an example of an Itinerant retailer. Any ideas? 🛍️
5) What do you think is the oldest form of Itinerant retailer? 🕰️
6) Lastly, street traders have a nickname! What are they also called? 🏙️
1) International
2) Internal
3) Consumer & retailer
4) Market traders
5) Cheap jacks
6) Market traders
1) Internal
2) International
3) Retailers & Producers
4) Peddlers
5) market traders
6) Hawkers
1) Internal trade
2) International trade
3) Retailer and Manufacturer
4) Cheap Jacks
5) Peddlers
6) Pavement traders
1) International
2) Internal
3) Consumers & Producers
4) Hawkers
5) Hawkers
6) Street Vendors
Hey students! Imagine Vanya, Aisha, and Avni are discussing the fascinating world of international business. They come across a definition that states: “International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of the individuals, companies and organisations.” They learn that these transactions take on various forms which are often interrelated. But who originally gave this insightful definition?
Michel R.Czinkota
John D.Daniels
Richard M. Hodgetts
Charles W.L Hill
Hey there, aspiring exporters and importers! Let's put your knowledge to the test!
1) Can you guess how many steps our friend Ishika needs to follow in the Export Procedure?
2) And what about Aarush? How many steps does he need for the Import Procedure?
1) 17
2) 10
1) 10
2) 5
1) 19
2) 10
1) 15
2) 10
Hey there, future trade experts! Let's test your knowledge with some fun questions:
1) What is the full form of 'GATT'? (Hint: Think of what Tara learned in class!)
2) When did Vanya say GATT transformed into WTO? (Mark your calendars!)
3) Aarush is curious, when was GATT invented? (A little history never hurt!)
1) General Agreement on Trade & Tariffs
2) 01/03/1995
3)1948
1) General Agreement on Tariffs & Trade
2) 01/01/1995
3) 1948
1) Generally Allowed Tariffs & Trade
2) April 01 1994
3) 1947
1) Generally Accepted Tariffs & Trade
3) June 01 1995
3) 1944
Hey there, future business moguls! Let's test your knowledge on some important international organizations. Can you help Avani, Aarav, and Tisha fill in the blanks?
1) What is the full form of IMF (International business)?
2) What does IBRD stand for?
3) Can you tell us the full form of WTO?
1) International Market Federation
2) Indian Banking and Reserve Department
3) World Trade Organisation
1) International Money Fund
2) International Board of Regional Development
3) World Trade Organisation
1) Indian Monetary Fund
2) Indian Bank for Rural Development
3) World Trade Organisation
1) International Monetary Fund
2) International Business Research and Development
3) World Trade Organisation
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