This document outlines 10 questions for an exam on business concepts with a maximum of 100 marks. Students must answer any 5 of the following questions: 1) Define business and discuss its importance. 2) Explain the merits and demerits of sole proprietorship. 3) Explain the different types of partnerships. 4) Describe the main clauses found in a partnership deed. 5) Define a joint stock company and describe the major types of companies found in India. 6) Define a prospectus and list its typical contents. 7) Distinguish between a partnership and a joint stock company. 8) Define scientific management and discuss its importance. 9) Define rationalization and differentiate it from scientific management. 10) Write short notes

1. MAXIMUM MARKS : 100
Answer any five Question
1. Define business. Discuss its importance?
2. Explain the merits and demerits of sole proprietorship.
3. Explain the kinds of partnership?
4.What do you mean by partnership deed? Explain the main clauses of partnership
Deed?
5. What do you mean by a Joint stock company Describe the important kinds of companies found in
India?
6. What is prospectus? State its contents?
7. Distinguish between partnership and Joint Stock Company?
8. Define scientific management. Discuss its importance?
9. Define rationalization Distinguish it from scientific management?
10. Write short notes-
a)Dissolution of partnership
b) Certificate of incorporation
Nirbhay Mishra
Faculty,BBA
Purnea College Purnea
MB.- 8368660373