Q2 of 23 Page 145

Answer the following questions in two to three sentences each.

What do you mean by long term finance?


Long term finances are borrowed or arranged for the expenses that are higher in number. Usually, these long term finances are made through stocks and debentures. They are used for the development of business, modernization, production changes and assets buying etc.


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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?


 2 F

Answer the following questions in two to three sentences each.

Give the names of any three organizations in the field of ‘Mutual funds’


 3

Answer the following questions, each in about eight to ten sentences.

What is the role and importance of finance to business concerns?