General Instructions:-

1 This question paper contains 34 questions.

2. Marks are indicated against each question.
3. Answer should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 worlds.
5. Answers to the questions carrying 4 marks may be about 150 worlds.
6. Answers to the questions carrying 6 marks may be about 200 worlds.
7. Attempt all parts of the questions together.

1. Identify the type of industry highlighted in each of the following individual case 1
Pawan imports different components from China and assemble them to make
computer.
a) Extractive Industry
b) Assembling Industry
c) Synthetical Industry
d) Construction industry
2. Maximum autonomy is enjoyed by 1
(a) Government Company
(b) Department undertaking
(c) Public Corporation
(d) All of the above
3. “Singhvi Brothers is a firm formed for the construction of ashopping 1
mall.” Identify the type of partnership in the above lines
a) Partnership at will
b) Particular partnership
c) General partnership
d) Limited partnership
4. Chennai Petroleum Corporation Limited (CPCL) is in the business of refining 1
crude oil to produce & supply various petroleum products manufacture and sale
of lubricating oil additives. It started its operation only after the receipt of
Certificate of Commencement of Business. Which of the following statements
are true about Certificate of Incorporation?

(i)It is a proof of birth of a company

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 (ii) The date given on certificate of incorporation is the date from which the
company can begin the incorporation process.
(iii) A company can enter into valid contracts on or after the date of incorporation
as mentioned in the Certificate.
(iv) Certificate of incorporation is not mandatory for establishing a company.

a. i&ii
b. i&iii
c. iii&iv
d. ii &iii
5. Social Responsibility of business refers to its obligation to take those decisions 1
and perform those actions which are desirable in terms of of our
society.
(a) Profit and Gain
(b) Objectives and values
(c) Losses and harms
(d) Risks and threats.
6. The type of global trade which took place through sea rote was known as --- 1
a) Muziris
b) Maritime trade
c) Taxila
d) Malabar shores
7. Which of the following statements is true about NEFT (National Electronic Funds 1
Transfer)?
(a) Under this Scheme, individuals, firms and corporate can electronically
transfer funds from any bank branch to any individual, firm or corporate having
an account with any other bank branch in the country participating in the
Scheme.
(b) The upper limit for transfer of funds in this scheme is ₹ 1,00,000.
(c) Funds are transferred instantly when an application is made to this effect by
the account holder.
(d) Funds are transferred 24 hours each day.

8. Airtel is a big company providing telecom services to millions of people in India. 1

Similarly, BSNL also provides telecom services to many people. Government of
India is holding 100% of the share capital of BSNL, whereas Airtel is not under
the direct control of government. Identify the sectors in which Airtel and BSNL
enterprises are working.
(a) PPP
(b) Private
(c) Private and public
(d) None of these

9. Hima is running a business in sole-proprietorship. Due to loss in business she 1

decided to wind up her business. On the day of winding up the assets are worth
Rs. 5 lakhs and liabilities (all creditors) are worth Rs. 10 lakhs. Hima has her
personal property of Rs. 600000. How much do you think the creditors will get at
the time of winding up of business?

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 (a) Rs. 5 Lakhs
(b) Rs. 10 lakhs
( c) Rs. 7 lakhs
(d) Rs 11 lakhs

10. Which of the following is not a function of Central Bank? 1

a) Guiding and regulating the Banking System of a country
b) Acts essentially as Government Banker
c) Deals with the General Public
d) Maintains deposit accounts of all other Banks.

11. e-c ommerce does not include 1

a) A business interactions with its customers

b) 2.Interactions among the various departments within the business
c) 3.A business interactions with its suppliers
d) Interactions among the geographically dispersed units of the business
12. An enterprise must behave as a good citizen is an example of its responsibility 1
towards

a) Workers
b) Consumers
c) Community
d) Owners
13. 1
Match the statement in column A with the word(s) / terms in column B:
Column A Column B
I,The banking facility that helps a. ATM
us to make payments out of our
bank account without actually
carrying money with us.

II,The banking facility enabling us b. Phone Banking

to deposit or withdraw cash
24 hours a day.
III,The facility that helps us to c. Credit Card
perform banking Transactions
over the Internet.
IV,We can get information about d.Debit Card
the balance in our bank account
over the mobile phone using this
facility.
V,The facility that enables us to e. Net Banking
make payment for purchase of
goods by taking credit from the
bank.

a) IA,IIB,IIC,IVD,VE

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 b) ID,IIA, IIIE,IVB,VC
c) ID,IIC, IIIE,IVB,VA
d) ID,IIE, IIIA,IVB,VC

14. Shape of the organizational structure in e-business? 1

(a) vertical
(b) Horizontal
(c) Diagonal
(d) Cross
15. An organization is working for the purpose of public welfare as a ministry of 1
government. It is financed by govt. and all its income is deposited in govt.
treasury. Identify which kind of public sector enterprise is it.
a) Partnership
b) Departmental undertaking
c) Sole proprietorship
d) Company
16. A is a KVS employee and posted in Gujarat, 1600kms away fromhis 1
hometown his friend need Rs. 20,000 and requested A for the amount. A
sends the amount by Paytm App, Which mode of payment used by A-
(a) Digital Payment
(b) Cheque Payment
(c) Cash Payment
(d) None of these
17. Metro is which form of Enterprise? 1
(a) Public limited company
(b) Government Company
(c) Public Private Partnership
(d) Statutory Corporation

18. Intra-B commerce transactions may be conducted for 1

(a) human resource management
(b) promotional activities
(c) selling and distribution of goods
(d) after sale service

19. ----------had links with Taxila and Bharuch. 1

a) Mathura
b) Ujjain
c) Varanasi
d) Peshawar
20. It is the moral obligation business to get involved in solving social problems, 1
instead of expecting other social agencies dealing with them. Is related to which
justification of social responsibility:
(a) Better environment for doing business
(b) Holding business responsible for social problems
(c) Maintenance of society
(d) Converting problems into opportunities.

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21. The merchant community derived power and prestige from guilds. Even 3
kings were supposed to accept and respect the rules of these guilds. The guild
chief dealt directly with the king or tax collectors and settled the market toll
on behalf of its fellow merchants at a fixed sum of money. The guild merchants
also acted as custodians of religious interests. They undertook the task of
building temples and made donations by levying a corporate tax on their
members. The commercial activity enabled big merchants to gain power in the
society. On the basis of the given information about the merchant community,
answer the following questions:
a) “Even kings were supposed to accept and respect the rules
of these guilds”. Identify the guild being specified in the case.
b) Enlist the main functions of the guilds whose rules were accepted by even
kings.

Or

Business is an institution organised to provide goods or services under

the incentive of private gain. Discuss

22. Business is essentially a social institution and not merely a profit 3

making activity. What are the major sectors of social responsibility of business?

23. Madhan is doing export business. Every time he would procure an order, he felt 3
stressed about completing it on time. Few years ago his friend joined his
business as a partner. As a result, Madhan realized that his stress related to
business had reduced. However he noticed that they differ in their choice ad a lot
of time is wasted in reaching a mutual consent. Identify the merit discussed
above and explain any two demerits of the same.

24. Ajay is a manufacturer of ready rnade kids garments. He sells his products 3
through various dealers across the country. However, his sales are decreasing
over the years. Recently, his wife gifted him a jacket, which she had ordered
through Myntra. This gave Ajay an idea to start selling his products online. State
any four differences between his former business and Myntra.

25. Elisha opens a new account with SBI and defines the limit of Rs 50000.Suppose 4
she has Rs 35000 in her account She further deposits Rs 25000 in her account
.Now her total bank balance is Rs 60000.Then extra amount of Rs 10000 will be
converted into Fixed Deposit automatically in which she gets higher rate of
interest. Identify and explain the type of account opened by Elisha Explain any
two other types of deposit accounts.
26. Samsung decides to release a new version in Samsung Galaxy note series after 4
studying the scope of its profitability in the long run. Name and explain the study
taken by Samsung. Explain the other two types of studies
Or

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 Lakshay owns an ancestral house in Shimla. He converts it into a lodge. After his
death the lodge is inherited by his three sons in the order of their age, namely,
Loknadh, Luv and Loui who carry on with the business under the form of Joint
Hindu Family business. In the context of the above case: (a) Name the law under
which governs the Joint Hindu Family business. (b) Who among the three
brothers has the right to exercise control over the family business? (c) Comment
upon the liability of the three brothers

27. VDN Ltd. sells computer speakers online. Recently the company got an order of 4
supply of 2 speakers from Ram (a customer). VDN Ltd. sent the speakers to
Ram at the wrong address which was not mentioned in the order.
However, speakers were returned back to the company, as the person at the
wrong address has denied the placement of order. Again, VDN Ltd. delivered the
speakers to the wrong address.
Now, VDN Ltd. says that the company has not received the payment for the
speakers while Ram claims that he has already made the payment through his
credit card.
‘‘VDN Ltd sells computers speakers online’’ Explain the scope of business is
used by VDN Ltd and the benefits of the same.(any two)

28. The Chief Manager of Surya Ltd., Mr. Mohan is taken huge interest in fulfilling his 4
social responsibilities towards to government .Explain why Mr.Mohan is showing
its commitment regarding the fulfillment of its social responsibility. Give any five
points in support of the above.
.
29. Mr Krishna has planned to set up a Hotel business in the hill station of Uttrakhand. 4
His friend has warned him that there are risk due to Flash floods and heavy rains
which could cause loss to the business. Identify and explain the type of risk
discussed above and what are the other risks that are generally faced by a
business?

30. X is a well known for undertaking challenging infrastructure projects, especially 4

in difficult terrains in India and abroad. X has completed over 1250 major
infrastructure projects in India and over 200 major projects across the globe in
more than 31 countries.. It is 100% owned by the Government.

Department of Telecommunication was established in 1985 with the vision to

provide secure, reliable affordable and high quality converged
telecommunication services anytime, anywhere for an accelerated inclusive
socio-economic development.

Distinguish between both the organization on the basis of (a) Formation; (b)
Finance (c) Control and Accountability (d) Legal Status

31. Max Ltd, a foreign company, started its business in an under-developed country. 6
The size of the business is quite large. The company has plenty of resources It
employs thousands of people in the under developed country. The raw materials

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 used by the company are readily available here. However, since there was no
demand for these raw materials here, the producers were unable to get the best
price for it. Due to this reason, the producers were discouraged. Some local
businessmen used to act arbitrarily earlier, but now they have corrected
themselves. The reason for their improvement is competition with the foreign
company. Now, their arbitrary approach has ended altogether. Max Ltd, is using
completely latest technology in its various business activities. As a result, the
local people also have got the opportunity to learn the new technology. Because
of using the modern technology and doing production at a large scale, the
company's cost of production is very low. Because of its huge size and status.
the company occupied a dominant position in the market and took over some
domestic firm (a) Which type of business enterprise is referred to in the above
para? (b) State any three features of the enterprise identified in question a.

Or

RBI, IDBI fall under the category of incorporated enterprises which have
separate legal existence and they can pursue their activities independently.
Identify the type of organization the above mentioned companies fall under and
explain its features.

32. Farhan, a young man, wants to provide employment to the local people of his 6
village. He decided to do the wholesale business of mobile phones made by the
latest technique. But so many questions began to crop up in his mind, how will
the goods be brought from distant places, how will the finance be arranged, and
how will the infomation of his modern business be conveyed to the people He
consulted a business expert, Mr. Balram who gave him information on the
auxiliaries to trade, which could solve his problem. Farhan understood what the
expert told him. He employed 50 workers and started his business.
(a) Which economic activity is Farhan going to do?
(b) On which part of business was the information given to Farhan by the
business expert?
(c) Explain the auxiliaries to trade which may solve the problem of Farhan, as
suggested by the business expert.

33. 6
Over the past decade Madhan’s business has grown from operating
neighbourhood corner shop selling accessories such as artificial jewellery,
bags, hair clips etc to a retail chain with three branches in the city. Although he
looks after the varied functions in all the branches, he is wondering whether he
should form a company to better manage the business. He also plans to open
branches countrywide.
(a) Explain two demerits of remaining a sole proprietor.
(b) Explain three benefits of converting to one person Company.

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34. Akash juneja, a businessman is involved in daily dealings of cash through his 6
current account in Axis bank. Due to unavailability of funds and an urgent need
to pay to his creditors, he approaches the bank to withdraw more than the
balance available in his account, using the facility provided to him by the bank
owing to his creditworthiness. Identify the facility provided by the commercial
bank to Akash and explain any other four functions of commercial banks.