OCM ANSWER IN BRIEF IMPORTANT FOR BOARD EXAM

ANSWER IN BRIEF [ANY ONE] (10)

Define 'insurance'. Explain the various principles of insurance.

Define 'joint stock company'. Explain its merits and demerits.

Define Bank. Explain different types of banks.

Define Co - operative Society. Explain merits and demerits of Co - operative Society

Define Fire Insurance. Explain the various types of fire Insurance Policy.

Define Joint Stock Company and explain its features

Define Life Insurance. Explain the types of Life Insurance Policies.

Define a Sole Trading Concern. Explain its merits and demerits.  

Define a partnership firm. Explain its merits and demerits.

Define commercial bank? Explain its primary functions.

Define ‘ Controlling’. Explain its importance.

Define ‘Planning’. Explain its importance.

What is organising? Explain the nature of organising.