NCERT Solutions for Class 11 Business Studies Chapter 1 Foundation of business – Here are all the NCERT solutions for Class 11 Business Studies Chapter 1. This solution contains questions, answers, images, explanations of the complete chapter 1 titled Foundation of business taught in Class 11. If you are a student of Class 11 who is using NCERT Textbook to study Business Studies, then you must come across chapter 1 Foundation of business. After you have studied lesson, you must be looking for answers of its questions. Here you can get complete NCERT Solutions for Class 11 Business Studies Chapter 1 Foundation of business.
NCERT Solutions Class 11 Business Studies Chapter 1 Business Trade and Commerce
Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Business Studies for Class 11 so that you can refer them as and when required. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions.
For a better understanding of this chapter, you should also see summary of Chapter 1 Business Trade and Commerce , Business Studies, Class 11.
| Class | 11 |
| Subject | Business Studies |
| Book | Business Studies |
| Chapter Number | 1 |
| Chapter Name |
Business Trade and Commerce |
NCERT Solutions Class 11 Business Studies chapter 1 Business Trade and Commerce
Class 11, Business Studies chapter 1, Business Trade and Commerce solutions are given below in PDF format. You can view them online or download PDF file for future use.
Business Trade and Commerce
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Question & Answer
Q.1: List any five major commercial cities of ancient India?
Ans : Harappa, Mohenjodaro, Pataliputra, Peshawar and Indraprastha.
Q.2: What is Hundi?
Ans : Hundi as an instrument of exchange, which was prominent in Indian subcontinent. It involved a contract which — (i) warrant the payment of money, the promise or order which is unconditional (ii) capable of change through transfer by valid negotiation.
Q.3: List the major exports and imports in ancient India.
Ans : Major exports included: spices, wheat, sugar, indigo, opium, sesame oil, cotton, parrot, live animals and animal products—hides, skin, furs, horns, tortoise shells, pearls, sapphires, quartz, crystal, lapis, lazuli, granites, turquoise and copper etc. Major imports included: horses, animal products, Chinese silk, flax and linen, wine, gold, silver, tin, copper, lead, rubies, coral, glass, amber, etc.
Q.4: What were the different types of Hundi in use by traders in ancient times?
Ans : Different types of Hundi in use by traders in ancient times:
- Dhani-jog - Payable to any person—no liability over who received payment.
- Sah-jog - Payable to a specific person, someone ‘respectable’. Liability over who received payment.
- Firman-jog - Hundi made payable to order.
- Dekhan-har - Payable to the presenter or bearer.
- Dhani-jog - Payable to any person—no liability over who received payment, but payment over a fixed term.
- Firman-jog - Hundi made payable to order following a fixed term.
- Jokhmi - Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.
Q.5: What do you understand by maritime trade?
Ans : The trade of goods and people by sea and other waterways is known as maritime trade. This was another important branch of global trade network.
NCERT / CBSE Book for Class 11 Business Studies
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All NCERT Solutions Class 11
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- NCERT Solutions for Class 11 Chemistry
- NCERT Solutions for Class 11 Maths
- NCERT Solutions for Class 11 Economics
- NCERT Solutions for Class 11 History
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- NCERT Solutions for Class 11 Psychology
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- NCERT Solutions for Class 11 Physics
- NCERT Solutions for Class 11 Business Studies
- NCERT Solutions for Class 11 Statistics
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