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HALF YEARLY EXAMINATION (2016 – 17)SUBJECT: BUSINESS STUDIESTIME: 3 Hrs. Class: XI 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 3 marks should be answered in 30-40 words .Questions carrying 4-5 marks should be answered in 100-150wordQuestions carrying 6 marks should be answered in 200 words.Number of questions are 25 .All questions are compulsoryQ1.What is required for building and expanding the reputation of business?(1)Q2. Name the activity that ensures continuous supply of goods and helps in maintaining reasonable level of prices.(1)Q3. Which certificate is required for conclusive evidence of the legal existence of the company? (1)Q4. Teacher of your school formed a society to buy land and construct flats for its members. Identify this form of business. (1)Q5. Bhuvan Ltd. issues 5,00,000 shares of Rs.10 each for public subscription. Application along with money was received for 4,00,000 shares. Can company allot these shares? Explain. (1)Q6.It is an invitation to the public to apply for shares or debentures of the company or to make deposits in the company. Name it. (1)Q7. What motivates a company to go global?(1)Q8. Recently the central Government decided to sell 9.5% of its shares in N.T.P.C. through a public offer. Identify the Government policy referred here.(1)Q9. Who heads the department undertakings?(1)Q10. Write full form of BIFR. (1)Q11.Name the Central Bank of India. (1)Q12. Which type of account is suitable for business organisation?(1)Q13. Rajiv wants to start a whole sale business of readymade garments, but he is hesitating as it involves various problems such as customers, for moving goods from place of production to market, informing customers about new designs and varieties added every season, threat of risk loss by fire or accident, storing the excess stock of goods, etc. He approaches his friend Sandeep who explained him some branches of commerce which can help Rajeev to overcome his hesitation. a)State the type of trade Rajiv is planning to start.b) State which dimension of business can help Rajiv to overcome these hindrances.c) Specify different types of Auxiliaries to trade which can help Rajiv to overcome his problems. Quote the line for each type from above para. (3)Q14. "Karta is the most active member in joint Hindu family business. He is too powerful to ruin the business" Comment.(3)Q15. Can the public sector companies compete with the private sector in terms of profits and efficiency? Give reasons for your answers. (3)Q16.To overcome the difficulties faced by public in public transport system, the government of India started the METRO project in which the government involved private sector participation to get the benefits of efficiency of private sector. The project was great success as Lacs of people are enjoying the metro services to move from one place to other.a) State the type of enterprise mentioned above.b) What name is given to identified form in part (a) by metro service in Delhi.c) Give any two features of identified form in part (a) (3)Q17. Name the banking using the electronic media. Write its two benefits to customers. (3)Q18. The Business assets of an organisation amount to Rs. 50,000 but the debts that remain unpaid are Rs.80,000. What course of action can the creditors take ifa) The organisation is a sole proprietorship firm?b) The organisation is a partnership firm with Anthony and Akbar as partners? Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons. (3)Q19.Ms. Naina wants to start a retail business of fashionable items, but she is hesitating as she is aware of risks which are inherent in every business. She approaches her friend Ms. Nishita who own a retail shop. Ms. Nishita advises her to opt for limited liability Partnership (LLP), so that risk can be minimised. Ms. Nishita also suggests her certain methods of minimising risk.Broadly business risk may be two types. In the instance which type does the business of Ms. Naina come? Also name the other type.Name the characteristics or nature of business risk which is indicated in the business of Ms. Naina.Business risk arise due to variety of causes. Which type of causes cover the business of Ms. Naina and how.?Give two suggestions which might be given by Ms. Nishita to deal with risk situations. (4)Q20.Identify the type of public sector enterprise in the following statements;a)RBI and FCI are the examples of this form of enterprise.b)It enjoys maximum autonomy in all business decisions.c) Where national security is concerned, this form is not appropriate. d) These are established under an Act of Parliament.e) This enterprise is financed directly from the Government Treasury.f) Indian Railways and Posts and Telegraphs are the examples of this form of enterprise.g) Minimum 51% of the paid up capital is held by the government.h) Hindustan Aircrafts is the example of this form of enterprise. (4)Q21.A Transport company took an accident insurance policy for all its vehicles. A truck of that company carrying oranges met with an accident. Due to that accident there was no damage to oranges but oranges were unloaded from that truck and reloaded to another. Due to time wastage in unloading and reloading, the oranges got spoiled. Will the company get compensation for loss of oranges from the insurance company or not? Which principle is related with this case? Explain that principle of insurance. (4)Q22. Mr. Rahul Aggarwal is working as Chief Executive Officer(CEO) in a reputed company having head office in Mumbai. The company is following a dynamic approach and thus launching innovative products in the market. The company is also concerned about its employees and is offering them good working condition along with other non-financial benefits. Mr. Rahul is also concerned about education of children living in slums of Mumbai and thus he is planning to donate 4% of his companies profit for their education. As the company was able to earn good profit it has declared of 10% of its shareholders and transferred remaining profit in reserve. It led to an increase in the price of company's shares in the stock market. On the basis of information given above answer the following questions;a) Sate any one merit and demerit of company form of business organisation.b) Identify the types of company referred in the above para and list the steps to be followed in the formation of such a company.c) Mention any two values which are exhibited by the company. (4) Q23.Mr. Mahesh is an Orthopaedic Surgeon in Ganga Ram Hospital and Mr. Harsh his friend is an eye specialist who has set his own clinic. Mr. Harsh’s wife Mrs. Savita operates her jewellery shop. a) Identify the type of economic activities in which they are engaged.b) Differentiate among them on the basis of risk element and code of conduct.(5)Q24.Maharashtra Pharmaceuticals Co. Ltd., registered under the Companies Act, 1956, was started with a paid-up capital of Rs.50,00,000. 40% of this paid up capital is in the hands of private individuals and the balance is held by the Government of Maharashtra . Maharashtra Pharmaceuticals Ltd. belongs to which form of public sector enterprise. State it's any two merits and any two demerits.(5)Q25. Credible and Promise Ltd. started a business of insurance in the form of a joint venture. The company decided to start firstly in three states of India, namely, Delhi, Mumbai and Gujarat. For this it selected Area Manager for each state apart from other employees in which one is a physically challenged person another from a minority community and one from the disadvantage section of the society. a) Define Joint Venture.b) What is meant by Insurance.c) In which type of insurance insurable interest must exists both at the time insurance and at the time of loss?d) Mamta has insured her house for Rs.5 Lacs against the fire. There is fire and Mamta suffers the loss of Rs 2 lacs. Will the insurance company admit the claim in full? why?.e) Which principle of insurance is applicable in case of Mamta. (5)Q26. Write a short note on the following services;a) RTGSb)NEFT (5)Q27. Aashish is working as a manager in Prakash Ltd. Manufacturing lighting equipment. There is no class conflict between management and employees. The company is earning huge profits. As a policy matter, management also follows the practice of sharing gains with the employees.Identify and explain the objectives Aashish is trying to achieve in the above para by quoting the lines. (6)Q28.With Enactment of LIC Act, 1956, an autonomous body, Life Insurance Corporation of India was formed. The act defines its power, duties and functions. it has a separate legal entity. It is fully owned by government. It has independent financial policy and can raise funds by borrowing from public and government. However it is not subject to any budgetary accounting or audit control like Railways. It's annual report is presented in parliament every year.a)Name the type of public sector enterprise referred in above case.b) How does in comes into existence.c) Write two points of its suitability.d)State two features of identified form in the above paragraph. (1+1+2+2)Q29.a)How many signatories to the memorandum of association are required in case of private and public companies.b) When can public company commence business.c) Distinguish between memorandum and article of association on the basis of(6) (I) Scope (II) Status (III) compulsion (IV) Legal effectQ30. Write a note on various telecom services available for enhancing business. (6) ................
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