Eco - 01 - 2011 Term end Question paper solved answers
No. of Printed Pages : 4 ECO-1
BACHELOR'S DEGREE PROGRAMME
O Term-End Examination
rr)
June, 2011
O
Lc)
ELECTIVE COURSE : COMMERCE
ECO- 1 : BUSINESS ORGANISATION
Time : 2 hours Maximum Marks : 50
(Weightage 70 %)
Note : Attempt both Part - A and Part - B.
SECTION - A
1. Attempt any four of the following : 5+5+5+5
a) Distinguish between profession and employment.
Answer:
b)Describe briefly different types of promoters of business.
Answer:
Types of Promoters
There are various types of promoters. They are classified as professional promoters,
financial promoters, entrepreneurial promoters, institutional promoters and government.
1 Professional promoters: These are specialists in forming new business enterprises.
After promoting an enterprise they eventually handover the control and management to
the shareholders of the company.
2 Financial promoters: These promoters float new enterprises during favourable
conditions in securities market. They are people who have financial stability and are
looking forward to new opportunities for investment.
3 Entrepreneurial promoters: These promoters conceive the idea.of a ncw business unit,
do the necessary preliminary work in setting up the business unit and ultimately control
and manage the same. In India most promoters belong to this category.
4 Institutional promoters: There arc some specialised institutions like Industrial
Development Bank of India, National Industrial Developmcnt Corporation, etc., which
are providing technical, managerial and financial assistance for the promotion of new
enterprises. These institutions collaborate with other entrepreneurs to launch the
enterprises.
5 Government: Since independence, Government of India has emerged as a big promoter
of enterprises. It has promoted several enterprises in differenl fields such as ordnance
factories, heavy eleclricals, shipping, iron & steel, fertilizers and pesticides, oil and
natural gas, etc.
There are various types of promoters. They are classified as professional promoters,
financial promoters, entrepreneurial promoters, institutional promoters and government.
1 Professional promoters: These are specialists in forming new business enterprises.
After promoting an enterprise they eventually handover the control and management to
the shareholders of the company.
2 Financial promoters: These promoters float new enterprises during favourable
conditions in securities market. They are people who have financial stability and are
looking forward to new opportunities for investment.
3 Entrepreneurial promoters: These promoters conceive the idea.of a ncw business unit,
do the necessary preliminary work in setting up the business unit and ultimately control
and manage the same. In India most promoters belong to this category.
4 Institutional promoters: There arc some specialised institutions like Industrial
Development Bank of India, National Industrial Developmcnt Corporation, etc., which
are providing technical, managerial and financial assistance for the promotion of new
enterprises. These institutions collaborate with other entrepreneurs to launch the
enterprises.
5 Government: Since independence, Government of India has emerged as a big promoter
of enterprises. It has promoted several enterprises in differenl fields such as ordnance
factories, heavy eleclricals, shipping, iron & steel, fertilizers and pesticides, oil and
natural gas, etc.
