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Questions and Answers
What does the term 'business' encompass?
What does the term 'business' encompass?
- Organised activities and efforts of groups or individuals in selling services and goods for profit (correct)
- Unorganised activities of individuals in selling services and goods for profit
- Activities of non-profit organisations in selling services and goods
- Activities of individuals in selling services and goods without profit
What was the situation of businesses in India regarding banking systems?
What was the situation of businesses in India regarding banking systems?
- They had to avail an indigenous banking system (correct)
- They had their own private banking system
- They had access to advanced international banking systems
- They were not allowed to use any banking system
What has the present business landscape undergone?
What has the present business landscape undergone?
- Slight modification
- Massive change (correct)
- Complete stagnation
- No change at all
What is the primary objective of businesses according to the text?
What is the primary objective of businesses according to the text?
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