BST 15-07-2023 XI DT (2) JJ

SECTION – B (2 x 3 = 6)
Q N. Question Marks
6 Define the following: 3
1 ) Artifical Person
2) Separate Legal Entity
3) Perpetual Succession
OR
A company got Its Certificate of Incorporation on 12 September 2014 and on the
certificate the date is written as 10 September 2014. Company allotted some shares
on 11 September 2014. Is the allotment valid or not? Give Reason for your answer.
7 What is Article of Association? Write its Content. 3
OR
Distinguish between a Memorandum of Association and Article of
Association.
On the following basis
1. Objective
2. Necessity
3. Relationship
SECTION – C (2 x 4 =8 )
Q N. Question Marks
8 What is meant by the term ‘Promotion’. Discuss the legal position of promoters with 4
respect to a company promoted by them.
9 Youngistan Pvt. Ltd the famous group of promoters submitted an application to the 4
registrar of the company for the approval of the name for shoe manufacturing
company. They choose “NIKE LTD” as the name of the company so as to increase
the sales because Nike was a well Known and Well Established brand.
A) Who Selects the Name of the company?
B) Would the proposed name be accepted by the registrar? Give Resaons
C) Define what is a private company?
SECTION – D (1× 6 = 6)
Q N. Question Marks
10 I. 'Godsend Wishes Ltd.’ is a well-known real estate company in India. The 6
company is planning to float a public issue of shares to raise fresh capital.
As per the norms it will have to take a prior approval from SEBI (Securities
and Exchange Board of India) before going ahead with raising funds from
public. Moreover, the company is planning to appoint HDFC Bank Limited
as underwriters to the issue.
In context of the above case:
(a) Why is an approval from SEBI considered necessary?
(b) Who are underwriters? Is their appointment necessary whenever a
public company wishes to raise the required funds from the public by
means of issue of shares and debentures?
II. Describe any two merit of Joint Stock Company
OR
Harry private limited is a well known company dealing in pet food and
accessories. keeping in view the growing demand for its products the company has
decided to increase its production turnover. The expansion plan will necessitate
setting up of a new factory in order to meet, its increased financial needs the
management of company has decided to go PUBLIC that is to change the form of
business from a private limited company to public limited Company.
( a) Why do think the management of the company has decided to convert the
company in to a public limited company.
(b) state any four privileges that it now enjoys as a private limited company over
public limited company.
DESCRIPTIVE EXAM
CBSE MODEL DATE: 15.07.2023

SUBJECT: Business Studies
TIME ALLOWED: 60 MIN MAX MARKS:25
General Instructions:
(i) All questions are compulsory.
(ii) The question paper has 4 sections and 10 questions. All questions are compulsory.
(iii) Section–A has 5 questions of 1 mark each.
Section–B has 2 questions of 3 marks each.
Section–C has 2 questions of 4 marks each.
Section–D has 1 question of 6 marks each.
(iv) There is no overall choice. However, internal choices have been provided in some questions. A
student must attempt only one of the alternatives in such questions.
SECTION – A (5 x 1 = 5)
Q N. Question Marks
1 What is the first step in choice of form of business enterprise? 1
a) Degree of Control
b) Managing Ability
c) Liability
d) Nature of business
2 Common seal of a company acts as its: 1
a) Official signature of the company
b) Signature of the Board of Directors
c) Signature of the promoters
d) Signature of the CEO
3 ________ are the real owners of a company: 1
a) Shareholders
b) Board of directors
c) Promoters
d) Employees
4 Minimum number of directors required in a public company is____and in a private 1
company is_____:
a) 7; 2
b) 3; 2
c) 1; 1
d) 10; 5
5 Approval from which authority is mandatory before issue of shares? 1
a) Chambers of Commerce
b) Bank
c) Security and Exchange Board of India
d) Shares and Exchange Board of India

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SECTION – B (2 x 3 = 6)

CBSE MODEL DATE: 15.07.2023

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