Case - 1 Rahim a student of HCT has a passion to start a fast moving consumer product related business in Oman. He is an intelligent student and has lot of friends in the college. He approached a few of his friends to join in a business start-up which they named EDURA. They want their business to be socially responsible. Initially they wanted to start as a small company and later on expanded to a large company. The parents of Rahim and his friends advised them to have a complete knowledge about the external business environment before they start any business Rahim and his friends contributed OMR 7,000 equally and decided to take a loan of OMR 20.000 from Bank Muscat. Also they decided to have an account for their business in Bank Muscat but they were a bit confused to choose the type of account suitable for their business. In view of Case 1: Question-1 i) What type of business ownership is "EDURA's"? [20-30 Words] (1 Mark) ii) Identify and explain any 2 points as to how this type of ownership is different from other types of ownership (30-40 Words] (1+1 Marks) iii) If it was not for this type of business ownership, what other business type would you advise Rahim to start and why? [30-40 Words] (2 Marks) Question-2 i) Suggest a suitable account for EDURA. [20-30 Words] (1 Mark) ii) Explain any three benefits EDURA can avail from the bank. 40-80 Words) (3 Marks) iii) If EDURA wants to buy equipment's, what type of loan is suitable. [20-30 Words] (1 Mark)