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Gujarat Board GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 2 Business Services-1 Important Questions and Answers. GSEB Class 11 Organization of Commerce and Management Important Questions Chapter 2 Business Services-1 Short Answer Type Questions Question 1. State the principles of insurance. Answer: Principle of utmost good faith, Principle ofindemnity, Principle of […]

Gujarat Board GSEB Class 12 Commerce Accounts Important Questions Part 1 Chapter 5 Admission of a Partner  Important Questions and Answers. GSEB Class 12 Accounts Important Questions Part 1 Chapter 5 Admission of a Partner Answer the following questions in short : Question 1. Why does new partner has to bring capital ? Answer: To

Gujarat Board GSEB Class 12 Commerce Economics Important Questions Chapter 4 Banking and Monetary Policy Important Questions and Answers. GSEB Class 12 Economics Important Questions Chapter 4 Banking and Monetary Policy Short Question And Answers Question 1. What are the main classifications of banks? Answer: Banks can be classified in two categories: Commercial Banks and Central

Gujarat Board GSEB Class 12 Commerce Economics Important Questions Chapter 3 Money and Inflation Important Questions and Answers. GSEB Class 12 Economics Important Questions Chapter 3 Money and Inflation Short Question And Answers : Question 1. Give one example of barter system. Answer: A farmer cultivating wheat would store the required part and would exchange the

Gujarat Board GSEB Class 12 Commerce Economics Important Questions Chapter 2 Indicators of Growth and Development Important Questions and Answers. GSEB Class 12 Economics Important Questions Chapter 2 Indicators of Growth and Development Short Answer Type Questions Question 1. What happens when the supply of factors of production, their availability, productivity and efficiency increase on a

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 8 Economic Reforms Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 8 Economic Reforms Short Answer Type Questions Question 1. What kind of economy did India adopt after independence? Answer: India adopted mixed economy i.e. the mixed type of economic system with

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 7 Indian Economy Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 7 Indian Economy Short Answer Type Questions Question 1. What name was India given in the ancient time? How did it get that name? Answer: India was named ‘Bharat’ in the

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 6 Market Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 6 Market Short Answer Type Questions Question 1. Give Samuel’s definition of market. Answer: “Market is the functional system where the buyers and sellers contact each other to decide the price and

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 5 Cost of Production and Concept of Revenue Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 5 Cost of Production and Concept of Revenue Short Answer Type Questions Question 1. State two importance of determining / cost and revenue for a firm.

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 4 Supply Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 4 Supply Short Answer Type Questions Question 1. Define production. Answer: The quantity of goods created by the available factors of production during a fixed time period is called production. Question 2.

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 3 Demand Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 3 Demand Short Answer Type Questions Question 1. Name the factors that define or determine demand. Answer: Desire Willingness to buy Ability to buy A particular price and A particular point of

Gujarat Board GSEB Class 11 Commerce Economics Important Questions Chapter 2 Fundamental Concepts and Terminologies Important Questions and Answers. GSEB Class 11 Economics Important Questions Chapter 2 Fundamental Concepts and Terminologies Short Answer Type Questions Question 1. Define price. Answer: If a commodity is exchanged for money then such monetary exchange-value is termed as ‘price’.