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HALF YEARLY EXAMBUSINESS STUDIES (SET-A)CLASS-XITIME ALLOTED : 3 HRS M.M. 90GENERAL INSTRUCTIONS:Attempt all parts of a question together.Questions carrying 1 mark should be answered in one word or one sentence.Questions carrying 2-3 marks should be answered in 30-40 words .Questions carrying 4-5 marks should be answered in 100 wordsQuestions carrying 6 marks should be answered in 120 words.____________________________________________________________________________________Q1.The Indian economy is one of the fast growing economies in the world today and a preferred FDI destination . Rising incomes, savings, investment opportunities, increased domestic consumption and younger population ensures growth for decades to come. The high growth sectors have been identified,which are likely to grow at a rapid pace world over and the recent initiatives of the Government of India and roll out of the Foreign Trade Policy (FTP2015-20) is expected to help the economy in terms of exports and imports and trade balance.State the recent initiatives of the Government Of India which is expected to boost the economy. (1)Q2.Nandini ,in order to promote local craftsmen of Gujarat ,formed an organisation where in the persons voluntarily associate themselves to promote common economic interest .The basic purpose of this organisation was to help these craftsmen to find market for their products .It had a managing committee that was elected on the basis of 'one member one vote 'Identify the form of business organisation set up by Nandini (1)Q3 State the nature of liability in Sole proprietorship ? (1)Q4 What is meant by disinvestment? (1)Q5 Write full form of BIFR (1)Q6 Kalakriti limited is a new start up inspired by the the prime minister’s campaign on start up India and stand up India .It provides a diverse collection of pottery ,paintings and crafts items using eco-friendly materials .It provides skill development programmes for the artists working for them .It decides to spend 10%of its profit to build toilets for the rural people to support 'swatch Bharat Abhiyan 'State the kind of social responsibility the company is trying to achieve by contributing to Swatch Bharat Abhiyan ? (1)Q7 A business enterprise should respect the democratic rights to form trade unions ,is an example of its responsibility towards one of the kinds of interest group .Name it (1)Q8 Akash juneja ,a businessman is involved in daily dealings of cash through his current account in Axis Bank. Due to unavailability of funds and an urgent need to pay 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 credit-worthiness.Identify the facility provided by commercial bank to Akash. (1)Q9Mr Vansh, the owner of 'Vansh Steel Industry 'does the wholesale trade of utensils ,Some of the utensils are made in his factory itself and some other he purchases from other manufacturers .Every day, he has to make payment to several other traders. He wanted that as soon as he deposited money in his account it should be credited to the account of receiver without any delay .On enquiring from the bank ,he learnt that through e-banking there are two systems available for transferring money from one bank to another.Identify the two systems of the fastest possible money transfer system through banks (1)Q10Radha stays in Kashipur,a city of Udham Singh Nagar district, In indian state of Uttrakhand .She sees a job advertisement in the newspaper and decides to apply for the same post .Her father advises her to send the application through registered post instead of an ordinary mail.In the context of the above case;(1)(a)How is registered post different from an ordinary mail? Q11 Roshni ltd is a Mumbai based Indian multinational company engaged in design,manufacturing,and marketing of products related to power generation ,transmission, and distribution. It has also set up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural areas.(a)Identify and explain the type of objective of business being fulfilled by Roshni ltd by setting up a factory in rural areas. (2)Q12 There is a group discussion taking place in class XI regarding Social Responsibility of Business .Vineet feels that a business should be socially responsible towards the society as it exists in the society while Ramesh is against it as the basic objectives of a business is to earn profitJustify Ramesh's point of view by stating four arguments (2)Q13 'Business is an institution organized and operated to provide goods and services under the incentive of private gain'. Discuss. (2)Q14 The banking system in India dated back to 1750 BC. In ancient India there is evidence of loans from the Vedic Period .From the writing of many foreign travellers during Mughal period we came to know about the use of various instruments in the great commercial centres. In the Mughal period historians found the evidence of loan deeds which were called dastaweez. There were 2 types of dastawez- one was payable on demand and other was payable after a stipulated time .The most impotant class of credit instruments of exchange evolved in India at that time .Their use was most widespread in the twelfth century,and has continued till today. (a) Identify the instrument of exchange prominent in the great ancient commercial centres of India.(b) State two important features of the instrument of exchange identified in part (a) (3)Q15 Monica khanna is a jwellery designer .She started her career from the scratch and took advanced designing course at Jwellery Product Development Centre. On the completion of the course she got job at Gitanjali Gems there she developed creative and original designs.(a)Identify the type of economic activity that Monica Khanna is engaged in(b)Distinguish between Business, Profession and Employment on the basis of(I) Transfer of interest and (ii)code of conduct (3)Q16 Anuj and Ahmed are partners in a firm .They admit John as a new partner ,who is physically challenged. Anuj asked Ahmed and John to get the firm registered, But Ahmed and John did not agree and said that the registration procedure will involve lot of formalities .If you are Anuj ,how will you convince them to get the firm registered ? (3)Q17 Do public sector units need different organizational forms than private sector units ? (3)Q18 Sanjay Bhattacharya kept his goods valued at Rs. 80,000 in a warehouse had taken a fire insurance policy for the same. On 25 February, 2018 his stock caught fire.He however wasn't worried about the same and as he had arranged his goods against the risk of fire, he didn't call the fire department for a fire fighting machine. The actual losses amounted to Rs. 65000.How much money can he claim from the insurance company?State the relevant insurance principle in this regard. (3)Q19 Tata Sky is a direct broadcast satellite television provider in India .It was incorporated in the year 2004. TataSky is a joint venture between the Tata Group and 2ist century fox .Its primary competitors in this segment are Airtel Digital Tv , Dish TV,Sun Direct,Reliance Digital TV,DD Free Dish and Videocon D2H.In the context of the above case ;(a)Identify the type of service is being provided by Tata Sky.(b)Explain briefly any three other telecom services available in our country. (4)Q20 India is currently the third largest producer of eggs(by weight) and the sixth largest producer of chicken meat in the world .The meat production in India has grown by a brisk 10 percent and egg production by five percent over the past 10 years .By 2030,over 40 percent of India"s population will be urbanized and the number of working women is likely to double.This could significantly boost the market for frozen foods, including poultry products.But,the potential is constrained by recrurring incidents of disease n poultry products ,no awareness on frozen foods and rising feed costs .In the context of the above case ;(a) Identify and explain the different kinds of industries being discussed in the above paragraph.(b) State the categories of types of industries to which the different kinds of industries as identified in part (a)belong to. (4)Q21 Samarth Malhotra was born in Delhi and is a Fashion designer .He runs his Fashion garments business from the posh Greater Kailash market of Delhi .After running the business for five years Samarth feels that he should get his business registered in a way that he can save himself from the threat of unlimited liability .But at the same time ,he doesn’t want anyone else to be a part of decision making or to interfere in business.(a) State the form of business organisation to be formed by Samarth to get it registered.(b) Enlist any three features of the form of business organisation stated in part (a) (4)Q22 Mumbai Metro is rapid transit system which is under construction in Mumbai .The system is designed to address both present and future needs of public transportation .The project was implemented under built,Own, Operate,and Transfer,(BOOT)method and has been India's first special metro project in which few phases (construction and maintainence )were given to private players .The project involved an elevated 11 km light Rail Transit(LRT)system linking Andheri and Ghatkopar ,via Asalpha,Marol,Chakala ,and Saki Naka.The construction of Mumbai Metro involved building up of a total of 146 km of track,of which 32 km is underground. The project was approved by the government of Maharashtra in August 2004 and global bids were invited through an expression of interest.(a)State the type of public sector Enterprise highlighted in the above case(b)explain any three features of this form of enterprise (4) Q23. Anjali lives in a small village in Uttar Pradesh, Her parents are very poor but have somehow managed to provided good education to Anjali. She comes to Delhi for her graduation.She works on a part-time to help her family and fund her education.She wants to send money to her parents in the village but money order will take a lot of time .Her friend Jaya tells her about e-banking and its benefits .You are requested to state the concept and benefits of e-banking to Anjali (5) Q24 In ancient India,the Greeks sailed from Egypt in the month of July and arrived at Muziri in about 40 days.They stayed on the Malabar Coast for about three months and commenced their return journey Muziri in December or January .As the Indian seas were infested by Pirates,the Greek merchants brought with them cohorts of archers on board their ships . Egypt being at this period subject to Rome,the archers who accompanied the Greek merchants were Roman soldiers .The Pandyan kings sent embassies to Rome and had employed Roman soldiers as guards .There was a colony of Yavana merchants at Kaveripattanam, whose existence is an index of prosperity of merchant communities and professional classes.That Roman gold poured largely into Tamil country at this period is attested by the numerous Roman coins dating from the reign of Augustus to that of zeno which have been found buried in different parts of Tamilnaidu.(a) State the concept used in ancient India whose existence is an index of prosperity of merchant communities and professional classes.(b) Enlist and explain four examples of the concept used in ancient India whose existence is an index of prosperity of merchant communities and professional classes. (5)Q25 Distinguish between 'Memorandum of Association ' and 'Article of Association ' by giving suitable basis (5)Q26 Environment is important for all of us ;we have a collective responsibility to protect it from being spoiled. Whether it is government ,business enterprises ,consumers ,workers,or other members of society ,each one can do something to stop polluting the Environment government can enact laws to ban hazardous products .Consumers ,workers and the members of society can avoid using certain products and doing things that are not environment friendly.Emission of smoke and gases from factories ,use of machines causing noise pollution ,deforestation ,growth of industrialization are some of the ways in which business causes pollution .So the business enterprises should ,take lead in providing their own solutions to environmental problems It is the social responsibility of every business to take steps not only to check all sorts of pollution but also to protect environmental resourcesOn the basis of aforesaid information ,elucidate the types of roles that a business enterprise can play to control environmental pollution (5)Q27 Life Insurance Corporation of India is the largest insurance company in India . It is headquartered in Mumbai.It was founded in the year 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance CorporationIn the context of the above case ;(a)Life Insurance Corporation of India is classified as which form of public sector enterprise ?(b)State any four merits of promoting life Insurance Corporation of India in a particular form of public sector enterprise as identified in part (a)of this question (5)Q28 "A company raises funds from the public" .Explain the steps required to raise the funds from public (6)Q29 In 1983,when Stride Arcolabs was set up ,it only dealt with two cities in India West Bengal and Bihar. In 1985, it started trading nationally and by 2000, companies made its way through the International Market .Products used in cardiology was manufactured in 1987 and at that time ,Monotrate was one of the first products launched and went on to become a best seller. In 1993 ,stride Pharmaceuticals Industries set up their own research institute STIRI. STIRI became popular by generating and enhancing process development skills across India.Stride Pharmaceuticals shifted its headquarters in Mumbai as it is at the center of Indian commercial trade .The company began its first international acquisition with an amount of US$ 7.5million,acquiring international Pharm Lab in Detroit.Later on ,the company introduced a few more treatment areas which include orthopedics ,gynecology,and oncology.(a)Identify the type of Business enterprise highlighted by quoting the lines from above case.(b)Explain any four features of the type of business enterprise identified in above question.(6) Q30 Nothing is more important to Reliance Limited ;than making sure that company does what is right and nothing puts it at risk more than failure to do it .In its code of conduct the company is focused on the most important principles and expectations rather than specifying detailed rules. It does not specifically address every potential form of unacceptable conduct, but it believes that its officials are fully capable of making the right decisions when faced with difficult choices and they will be guided by the good judgement .The above paragraph highlights an important aspect which every business should follow . (a)Identify the important aspect that every business should follow like Reliance Ltd.(b)Discuss the important elements of the concept identified in part (a) (6) HALF YEARLY EXAMBUSINESS STUDIES (SET-B)CLASS-XITIME ALLOTED: 3 HRS M.M. 90GENERAL INSTRUCTIONS:Attempt all parts of a question together.Questions carrying 1 mark should be answered in one word or one sentence.Questions carrying 2-3 marks should be answered in 30-40 words .Questions carrying 4-5 marks should be answered in 100 wordsQuestions carrying 6 marks should be answered in 120 words._____________________________________________________________________________________Q1 Who are coparceners ? (1)Q2The Amul model has helped India to emerge as the largest milk producr in the world .More than 15 million producers pour their milk in 1,44,500 dairy establishments across the country .Their milk is processed in 184 District establishments and marketed by 22State marketing federations ,ensuring a beter life for millions everyday ,The story of Amul in the year 1946 with a group of farmers coming together to gain access to the market and their by ensure maximum returns for their effortsIdentify the form of business organistion started by the farmers . (1)Q3. The Indian economy is one of the fast growing economies in the world today and a preferred FDI destination .Rising incomes, savings, investment opportunities, increased domestic consumption and younger population ensures growth for decades to come. The high growth sectors have been identified, which are likely to grow at a rapid pace world over and the recent initiatives of the Government of India and roll out of the Foreign Trade Policy (FTP2015-20) is expected to help the economy in terms of exports and imports and trade balance.State the recent initiatives of the Government Of India which is expected to boost the economy. (1)Q4Name the system by which management of a public enterprise is granted more autonomy but held accountable for specified results . (1)Q5Give full form of NRF (1)Q6Priya stays in Ranikhet ,a town in Almora district, In indian state of Uttrakhand .She sees a job advertisement in the newspaper and decides to apply for the same post .Her father advises her to send the application through registered post instead of an ordinary mail.In the context of the above case;(a)How is registered post different from an ordinary mail? (1)Q7. That an enterprise must provide good quality and unadulterated products and services at fair prices is an example its responsibility towards which group? (1)Q8. Joy owns an event management company in Jaisalmer which provides customized facilities to meet the needs of the customers and ensure a memorable event for them whether they are planning a workshop, a management seminar, marketing or training session. He has a staff of 50persons. Earlier the salary of the staff members paid through cheques. The employees had to deposite their cheque in the bank and had to wait for 2 days for cheques to be cleared. But now salary reaches their account on the same day.Name and state the banking service which facilitates the transfer of salary to the employee's account on the same day itself. (1)Q9 The Fragrance deoadrants are true classics in the company's bodycare range. Whether customer prefer a spray or a roll-on, they are sure to find their favourite deodorant. But the fragrance deodorants while advertising its range presents females in a derogatory manner which offenses religious groups also.Which kind of social responsibility is being neglected by the company?(1)Q10Which type of deposit account combines the features of Saving Bank Account and Fixed Deposit Account.(1)Q11 Over the years ,several business houses in India have shown their concern for social responsibility through their contribution to health education and other developmental progrmmes .For instance Tatas set up various developmental society’s Raheja group launched rural support programme in Rajasthan so that the benefits of government programmes reach the rural massesJustify your answer by stating the four arguments. (2)Q12 Radhika is running a small scale business of manufacturing decorative items in Delhi. Every year she contributes 10% of her profit to Manyata foundation ,a popular NGO in Noida which supports the programme based on senior citizens health care carrying out activities for them in hospitals such as entertainment programs ,festival celebrations and day to day activities .In the context of above case identify and explain the type of objective of business being fulfilled by Radhika by providing financial help to Manyata foundation. (2)Q13 Why does a businessman willingly undertake business risk. (2)Q14 The Merchant Community derived power and prestige from guilds .Even kings were supposed to accept and respect the rules of their 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 tax on their members.The commercial activity enabled big merchants to gain power in the society .On the basis of the given information about merchants community answer the following question:"Even kings were supposed to accept and respect rules of these guilds ". Identify the guild being specified in the case.Enlist the main functions of the guilds whose rules were accepted by even kings . (3)Q15 Laveena Sharma is a jwellery designer .She started her career from the scratch and took advanced designing course at Jwellery Product Development Centre On the completion of the course she got job at Tanishq Jwellers there she developed creative and original designs.(a) Identify the type of economic activity that Laveena is engaged in (b) Distinguish between Business, Profession and Employment on the basis of(3)(I) Qualification and (ii)capital investment Q16 Deepak and Gaurav joined the prestigious law university in Ahemdabad in the year 2010.During the course of study they became good friends and they both realized that their common interest lies in the field of Corporate Law .After completion of their degree they decided to start affirm of their own name 'Corpo Law Firm' where in both of them will be coowners dividing the profit and loss . Aftersuccessfully running the firm for a year ,they realized that their re certain rights which are denied to their firm because it is not registeredExplain the non consequences of non-registration of a their firm (3)Q17 Can Public sector companies compete with the private sector in terms of profit and efficiency ?Give reasons for your answer (3)Q18 Sarthak has taken a fire-insurance policy for his warehouse. Due to fire, he suffered a loss of Rs 500000 and gets a compensation claim from the insurance company. The damaged stock can be sold for Rs. 15000.Who has the right over this amount?Why?State the relevant insurance principle in this regard. (3)Q 19 India is the largest producer of milk in the world.Moreover increasing demand of milk and dairy products has made dairy farming a profitable business .Considering these facts Raghu an industrialist has decided to set up a dairy farm and a cheese producing unit in Haryana .He plans to deal in an extensive range of Mozirella cheese, processed cheese ,cheese single ,pizza cheese Naturally flavoured cheese and grated cheese for pizza in various combinations .In the context of above caseIdentify and explain the different kinds of industries being discussed in the above paragraph.State the categories of types of industries to which the different kinds of industries as identified in part (a)belong to. (4)Q 20 Aarti was born and brought up in Mumbai .After completing her higher studies she started working as an assistant architect in a leading company .After a few years of that now she wants to set up her own consultancy and undertake independent projects .She discusses her plans with her father .Her father suggest that she should carry on with the job because starting independently mean becoming a sole proprietor and that would bring along problems of unlimited liability .But aarti was not convinced to stay in the jobThen he suggested that the second option for her could be to form a Partnership and Private limited company ,with a friend .But Aarti didn’t like this idea either ,as she didn’t want any kind of interference in any form from any one .Aarti approached a consultant and discuss her concerns with him T he consultant offered her a solution and Aarti was happy with her idea .On the basis of the given information ,answer the following questions;State the form of business organisation to be formed by Aarti to get it registered.Enlist any three features of the form of business organisation stated in part (a)(4)Q21 The National Highways Authority of India ,under the Ministry of road Transport and Highways ,was entrusted the responsibility for implementation of the Golden Quadrilateral project (Highway project connecting four metro cities )As a part of this project ,it proposed the conversion of a very busy section of NH-8connecting Delhi to Gurugram into a 6\8lane access control divided carriageway .The project was awarded to the consortium of Jaypee Industries and DS construction ltd to design ,finance ,construct operate and maintain the facility for a concession period of 20 years .The consortium is allowed to collect toll from the users of the project facility during the operation period to recover his investment and the expressway is required to be transferred back to the government at the end of the concession period .The expressway was commissioned in January 2008 after much delay primarily owing to issues in land acquisition and changes in the scope of work.State the type of public sector Enterprise highlighted in the above caseExplain any three features of this form of enterprise (4) Q22 Tata Sky is a direct broadcast satellite television provider in India .It was incorporated in the year 2004.TataSky is a joint venture between the Tata Group and 2ist century fox .Its primary competitors in this segment are Airtel Digital Tv ,Dish TV,Sun Direct,Reliance Digital TV,DD Free Dish and Videocon D2H.In the context of the above case ;Identify the type of service is being provided by Tata Sky.Explain briefly any two other telecom services available in our country. (4) Q23 Many industrial organisations have been responsible for causing pollution.People are now raising their voice loudly against pollution. Business enterprises can't remain unaffected by environmental destruction. Explain the necessity of pollution control by business enterprises. (5) Q24 In ancient India,the Greeks sailed from Egypt in the month of July and arrived at Muziri in about 40 days.They stayed on the Malabar Coast for about three months and commenced their return journey Muziri in December or January .As the Indian seas were infested by Pirates,the Greek merchants brought with them cohorts of archers on board their ships .Egypt being at this period subject to Rome,the archers who accompanied the Greek merchants were Roman soldiers .The Pandyan kings sent embassies to Rome and the Greek merchants were Roman soldiers.The Pandyan kings sent embassies to Rome and had employed Roman soldiers as guards .There was a colony of Yavana merchants at Kaveripattanam, whose existence is an index of prosperity of merchant communities and professional classes.That Roman gold poured largely into Tamil country at this period is attested by the numerous Roman coins dating from the reign of Augustus to that of zeno which have been found buried in different parts of Tamilnaidu.State the concept used in ancient India whose existence is an index of prosperity of merchant communities and professional classes.Enlist and explain four examples of the concept used in ancient India whose existence is an index of prosperity of merchant communities and professional classes. (5) Q25 Distinguish between 'Memorandum of Association ' and 'Article of Association ' by giving suitable basis. (5)Q26 For more than 150 years ,the Department of Posts has played a crucial role in the country's social economic development .It touches the lives of Indian citizens in many ways ;delivering mails,accepting deposits under small saving schemes , providing Life insurance under Postal Life Insurance and providing retail services like bill collection , sale of forms ,etc The Department of posts also acts as an agent for Government of India in discharging other services for citizens such as Mahatma Gandhi National Rural Employment Guarnteed Scheme wage disbursement and old age pension payments.With 1,55,015 PostOffices,the department of post has most widely distributed postal network in the world .The funding of department of posts come directly from the government . Treasury and is an annual appropriation frm the budget of the government ,The revenue earned by these is also paid into treasury.On the basis of the given information about the Department of Posts ,answer the following questions:How will you classify the Department of Posts ,as a form of public sector enterprise?State any four features of forms of Public sector enterprise identified in part (a) (5) Q27 Mahesh Time Machine Ltd. is engaged in manufacturing electronic watches in Delhi. The company received an order for supply of 600 watches from Karan Electronics in Madhya Pradesh. As the amount of payment is more than 300000, Karan Electronics decided to transfer the funds directy from their bank account through a mobile application. Nowadays, due to these services, customers do not need to go to bank everytime he has to transact with bank.On the basis of the given information about Mahesh Time Machine Ltd. , answer the following questions:State the service of bank through which Karan Electronics have transferred the funds directly from its bank account.Explain the benefits of these services available to customers.(5)Q28.Cocacola Company produces concentrate, which is then sold to licensed Cocacola bottlers throughout the world.The Cocacola Company is registered in USA and its business operation are spread in many countries of the world. Its head-quarter is located in USA while the operations are in different countries which is controlled from USA to manage the operations across the globe, company used trained and professional manager. Better quality product are provided to customers and promotional tools are aggressively used to increase the revenue from operations.Identify the type of Business enterprise highlighted by quoting the lines from above case.Explain any four features of the type of business enterprise identified in above question (6)Q29 "A company raises funds from the public" .Explain the steps required to raise the funds from public (6)Q30 Nestle India is a subsidiary of Nestle S.A. of Switzerland which deals in foods and beverages.SInce its founding, Nestle's business practices have ben governed by integrity, honesty, fair-dealing and full compliance with all applicable laws. The company publishes a code of conduct for its employees.On the basis of given information about Nestle India, answer the following questions:Company has made several socially determined moral principles which should govern its business activities. What are they called?Explain the elements of the concept identified in part (A) above. (6) ................
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