Sample paper of buisness studies class11

   SAMPLE PAPER OF   BUSINESS STUDIES                                   (054)

#This sample paper is designed for class11 commerce students

CLASS XI

 Q.1 _______ risk means chance of loss without any possibility of gain. (1)

Q.2 Which forms of business organisation do not have the feature of unlimited liability?

(a) Sole Proprietorship

(b) Partnership

(c) Joint Hindu Family Business

(d) Company (1)

Q.3 Which of the following cannot be classified as an auxiliary to trade?

(a) Mining

(b) Insurance

(c) Warehousing

(d) Transport (1)

Q.4 Maximum number of members in a private company can be………..

(a) 20

(b) 10

(c) 50

(d) 200 (1)

Q.5 Global Industries is involved in soap and shampoo manufacturing. In which

industries is the company involved.

(a) Synthetic Industry

(b) Analytical Industry

(c) Extractive Industry

(d) Processing Industry (1)

Q.6 Anil is a shareholder in Mahima Ltd. holding 500 shares of Rs.100 each on which

he has already paid Rs. 94 per share. What will be his liability in the event of Mahima

Ltd. failure to pay debt?

(a) Rs. 50,000

(b) Rs. 47,000

(c) Rs. 3,000

(d) Nil (1)

Q.7 Which of the following is created by a Special Act of Parliament or State

Legislature?

(a) Departmental Undertaking

(b) Statutory Corporation

(c) Government Company

(d) Private company (1)

Q.8 Which type of function of banks is 'Accepting deposit'?

(a) Primary function

(b) Secondary function

(c) Social function

(d) None of the above (1)

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Q.9 It is not an application of e-business

(a) Online bidding

(b) Online procurement

(c) Online trading

(d) Contract R & D (1)

Q.10 Government holds the minimum __________ paid up Capital of a government

company.

(a) 49%

(b) 50%

(c) 51%

(d) 26% (1)

Q.11 ‘Heterogeneity’ is the nature of which type of business service

(a) Banking

(b) Insurance

(c) Warehousing

(d) All of the above

OR

Which of the following do not come under e-Banking?

(a) NEFT

(b) ATM

(c) Debit Card

(d) Overdraft (1)

Q.12 LIC is the example of —

(a) Departmental undertaking

(b) Statutory corporation

(c) Government Company

(d) Private company

OR

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Which of the following is Government Company…………….?

(a) Tata Steel Ltd

(b) Hindustan Steel Ltd

(c) Jindal Steel Ltd.

(d) All the above (1)

Q.13 The fee charged by the insurer on account of providing services is called

(a) Profit

(b) Dividend

(c) Premium

(d) Installment (1)

Q.14 What is relation between e-business and e-commerce? (1)

Q.15 Which of the following is not the social responsibility of business towards

investors?

(a) To ensure safety of capital

(b) To ensure proper dividend

(c) To ensure the proper utilisation of capital

(d) To give appropriate salary (1)

Q.16 Complaint lodged by a customer at the company’s call centre is a type of

____________ of e-business transaction

(a) C2B Commerce

(b) B2C Commerce

(c) Intra B Commerce

(d) C2C Commerce (1)

Q.17 Which has not separate Legal Entity?

(a) Departmental Undertaking

(b) Statutory Corporation

(c) Government Company

(d) Private Company (1)

Q.18 Which causes land pollution ………………?

(a) Chemical & waste dumping into rivers & lakes

(b) Dumping of garbage and toxic wastes

(c) Noise caused by running of factories & vehicles

(d) None of the above (1)

Q.19 ………………… is not covered under the contract of Indemnity.

(a) Life Insurance

(b) Fire Insurance

(c) Marine Insurance

(d) Theft Insurance (1)

Q.20 Which of the following is the social responsibility of managers towards the

employees?

(a) Providing clean working atmosphere

(b) Giving security of service

(c) Adopting incentive - giving system

(d) All of the above (1)

Q.21 Mr. Liyaquat Ali Khan runs a departmental store in Bhopal. He procures different

kinds of products from all over India through railways, roadways and airways. He also

owns a godown to hold the stocks. He has also taken an i9nsurance policy worth Rs.15

crores for his business. Moreover, he has taken a loan of Rs. 300000 from Axix Bank in

order to meet short term finance needs of his business. He has placed information

about his store on the hoardings, bill boards etc. in order to popularize them.

(i) Define auxiliaries to trade

(ii) Identify the different auxiliaries to trade that are being used by Mr. Liyaquat in

his business by quoting the lines. (3)

Q.22 Name the cooperative societies which have the following objective:

(i) To provide residential accommodation to the members at reasonable rates.

(ii) To provide improved seeds, fertilizers etc. to small farmers.

(iii) To provide latest machinery and new technology of production 

Q.23 State any three Arguments for Social Responsibility of Business

                                                    OR

State the meaning of Corporate Social Responsibili   ty as per Companies Act 2013. (3)

Q.24 Deol enterprise is dealing in auto spare parts. With the expansion in business the

enterprise found that the decisions are delayed and level of coordination is coming down.

The CEO called for a meeting of all the managers. Rakesh, a newly appointed manager

suggested that the company should have its own internet so that all the employees can

interact and pass important information to each other through the internet. Even short

meetings of different departments can be conducted through Video conferencing to take

fast action. The CEO liked the idea and installed an internet for connecting all the

employees in line.

(a) Which branch of e-business is suggested by Mr. Rakesh?

(b) What are the benefits provided by e-business?

OR

Home Foods Pvt. Ltd. deals in grocery items of daily domestic usage. Its business is

spread throughout Delhi. The company's 20 stores are providing their services to the

residents of Delhi. All the business activities of this company are done through the

internet. Its main activities are obtaining information about goods, receiving orders of

goods, making payments, receiving payments, inventory management, product

development, etc. The use of the internet in business activities has resulted in reduced

costs of business transactions. The customer also can shop sitting at home or office. They

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can access the internet to buy goods and services. The use of the internet has

considerably reduced dependence on paper work for the company.

(a) Which system of business is being followed by Home Foods Pvt. Ltd.?

(b) State any two benefits of the system of business identified in (a) by quoting the lines

from the above para. (3)

Q.25 What is business risk? What is its nature? (4)

Q.26 Discuss the forces which are responsible for increasing concern of business

enterprises toward social responsibility. (4)

Q.27 Explain the following terms in brief:

(a) Perpetual succession

(b) Common seal

(c) Karta

(d) Artificial person

                                                       OR

Identify the documents described below and differentiate between them on any three

basis:

(i) No company can be registered without it.

(ii) It defines the duties rights and powers of the officers and board of directors. (4)

Q.28 Mr Rajesh is employed in a branch of Punjab National Bank in Delhi. His friend, Mr.

Vijay goes to the bank very often. One day, Vijay goes to the bank to get a Bank Draft

issued. There he noticed that a customer of the bank told Rajesh that he wanted to

transfer Rs. 40,000 to Chandigarh immediately. Rajesh explained to him that it was not

possible to transfer the money immediately, it would be done after some time. When some

such cases of transfer would come, all of them would be transferred in a batch. On

another day, Vijay noticed that one of the bank customers came and asked Rajesh if he

could get 3 lakh transferred to Mumbal Immediately. Rajesh replied in affirmative. Vijay

asked Rajesh why he refused to transfer Rs. 40,000 to Chandigarh immediately that day,

and how 3 lakh got transferred to Mumbai Immediately now. Rajesh explained this to

Vijay, and he was satisfied.

What explanation must have been given by Rajesh to Vijay?

                                                        OR

Dhani Mani Bank is a private sector bank offering various services to its customers, It

offers various types of bank account options to its customers, Rakesh being a

businessman has chosen the type of account in which the deposits are the most liquid

and there are no limit to the number of transactions or the amount of transactions in a

day. On the other hand, his mother has opened a type of account where she can

conveniently deposit the money she saves. She has a cheque facility and a lot of flexibility

for deposits and withdrawal whereas Rakesh's sister Reema opened the account where

she will deposit 2,000 per month for next two years.

In the context of the above case:

1. Identify the various types of bank accounts used by Rakesh and his family.

2. Describe briefly two other types of accounts. (4)

Q.29 Olx.com and quicker.com are example of well known websites used to conduct

business. Tarasha’s sofa set got spoiled in rain. Her friend suggested that she should

change the fabric so that it looks new and put it for sale on olx.com. Tarasha followed her

friend’s advice and got her sofa repaired so that it looks better and uploaded nicely

clicked pictures on the website without disclosing the fact that it was damaged from inside.

She found a buyer and sold it for Rs. 10,000. After five days the buyer found the real state

of sofa set and called Tarasha but she did not answer anyh of the call.

(a) Identify the types of business highlighted in the above case.

(b) Explain three demerits of e-business. (4)

Q.30 Despite limitations of size and resources, many people continue to prefer sole

Proprietorship over other forms of organisation. Why? (4)

Q.31 Identify and explain the principle of insurance for each of the following statements:-

(a) The insured is expected to disclose all the important facts related to the property

insured.

(b) Insured must have some economic interest in the subject matter of Insurance contract.

(c) To claim for insurance the insured must take reasonable steps to minimize the loss.

(d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount.

Q.32 Compare business with profession and employment.

                               OR

Why profit is not only the objectives of business? Explain objectives of business. (6)

Q.33 Amish Private Ltd. was established in the year 2015 by three friends. As business

of the company has increased, its management is now planning to convert it into another

form of business to raise funds from the public.

(i) Name the form of business Amish Ltd. is planning to adopt.

(ii) Give any four differences between old and new forms of business. (6)

Q.34 The Ministry of Railways is a ministry in the Government of India, responsible for

the country's rail transport. The ministry is headed by the Minister of Railways, a cabinetlevel

minister who presents the rail budget every year in parliament. Indian Railways is

financed by the government through allocation of funds in the Annual General Budget of

Parliament. Government Treasury provides finances and revenue earned is also paid into

the treasury, How will you categories Indian Railways as a form of public sector

enterprise? State features of this type of public sector enterprise.

                                                               OR

Once upon a time a round of Election to the five Legislative Assemblies of the country

was in progress. The different political parties were putting in the best of their efforts to

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entice the people through their respective promises to them. There were three main

political parties contesting elections in these states. One of the political parties made a

promise that if they came into power, they would set up such public sector enterprises in

the states which will have the partnership of both the public and the government. However

in these enterprises, the ownership of the government shall not be less than 51%. The

setting up of these enterprises is done as per the provisions of the Indian Companies Act,

2013. The financing of these enterprises is done jointly by both, the people and the

government. The second political party promised that if they came into power, they would

set up such public sector enterprises which will be completely under the ownership of the

government. The burden of financing them will not be put on the shoulders of the people,

but they will be managed with the general budget. The third political party, which was

contesting the elections for the first time, promised that on coming into power they would

set up such public sector enterprises which will be fully financed by the government.

However, there will be no bar to get loans from the people to set them up. They will be

set up as per the special Act passed by the Parliament or the State Legislative Assembly

On the basis of the above para, identify the type of public sector enterprises to be set up

as being promised by the three political parties. Also state any two merits of each of them.

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