Q2 B of 23 Page 145

Answer the following questions in two to three sentences each.

Which are the two types of finance required by the business concerns ? Give examples.


Short team finance and Long term finance are the two types of finance required for any business concerns. Short term finances are required for day to day activities like purchase of raw material, salaries, wages, marketing and administrative expenses. Whereas Long term finances are required for the greater change in the organization like the development of business, modernization, production changes, assets buying etc.


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1 H

Fill in the blanks with appropriate words in the following statements.

The first share market of India was started at __________.


 2 A

Answer the following questions in two to three sentences each.

What is the meaning of financial management ?


 2 C

Answer the following questions in two to three sentences each.

Mention any four sources of short term credit required by business concerns?


 2 D

Answer the following questions in two to three sentences each.

Why business concerns require short term finance?