11th Firstt

C.B.S.E.
Shree Swaminarayan Academy

- PHYSICAL ES First-term examination2018-19
Sub-Business Studies (054)
Class-XI (COM)
Time allowed: 3 hours Maximum marks: 80
General Instructions:
i. Answer to questions carrying 1 marks may be from one word to one sentence.
ii. Answer to questions carrying 3 marks may be from 50-75 words.
iii. Answer to questions carrying 4-5 marks may be about 150 words.
iv. Answer to questions carrying 6 marks may be about 200 words.
v. Attempt all parts of a question together.
Q.1) Provision of residential accommodation to the members at reasonable rates is the

objective of ………….. Cooperative society.
Q.2) if a company suffers heavy issues and its assets are not enough to pay off its liabilities,
the balance can be recovered from the private assets of its members. Justify the statement.
Q.3) Name the stages in the formation of accompany.
Q.4) Gagan runs a garment shop in a mall. Two years back he had taken a loan of Rs 20 lakh
from HDFC bank for the renovation of his shop. However, due to his poor health for the past
one year his earnings have reduced considerably as he is not able to devote sufficient time to
the business. He now plans to sell off his shop. In the given information identify the limitation
of sole proprietorship.
Q.5) what do you mean by ‘publication of a code’ in the business Ethics.
Q.6) DTH services is provided by ……….. Companies.
Q.7) Reconstruction of sick public sector units is taken by which board?
Q.8) Aman, who is working in a multinational company gets a salary of Rs. 85,000 per month.
He met his friends Lakshay, who is a chartered accountant and Manoj, who is a retailer of
shoes. Aman calls both his friends as businessman. Do you think Aman is right in calling both
his friends businessmen, how would you classify Aman, Lakshay and Manoj as?
Q.9) Kalakriti Limited is a new startup inspired by 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 programs for the artist working for
them. It decides to spend 10% of its profits to build toilets for the rural people to support
‘Swatch Bharat Abhiyan’. ………………. kind of social is performed by Kalakriti Limited.
Q.10) The principle of ……………. Is not applicable on Life Insurance.
Q.11) which of the following is not a function of insurance?
(a) Risk sharing (b) Assist in capital formation
(c) Lending of funds (d) none of the above
Q.12) Centralized control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament
Q.13) In which type of bank Account a customer get higher rate of interest-
(a) Saving bank Account (b) Recurring Account
(c) Current account (d) fixed deposit account
Q.14) Application for approval of name of a company is to be made to
(a) SEBI (b) Registrar of companies
(c) Government of India (d) Government of the state in which Company is to be registered
Q. 15) The Partner who accepts by his words or conduct that he is a partner in the firm is
called-
(a) Sleeping partner (b) Active partner (c) Partner by Estoppel (d) partner by holding out
Q.16) It is not an application of e-business-
(a) Online bidding (b) Online procurement (c) Online Trading (d) Contract R&D
Q.17) A service wherein Postal certificate is issued by the post office as an evidence of
posting a letter-
(a) Speed post (b) Registered post (c) Media post (d) E-bill post
Q.18) Establishing educational institutions for the weaker section of society is a social
Responsibility of business towards-
(a) Society (b) Employee (c) Customer (d) Government
Q.19) A outsourcing company which provide its service to a parent company only known as-
(a) Horizontal third party service provider (b) Vertical third party service provider
(c) Captive service provider (d) Knowledge process outsourcing
Q.20) KPSG is specialized in consultancy service. The company makes a software for a
reputed bank in USA. It is also specialized in managing the accounts of the bank. To continue
this work, KPSG hires professionals like engineers, Chartered accountants etc. who are
competent in this fields. On the basis of the given information about KPSG comes under
which kind of Industry.
(a) Primary Industry (b) secondary Industry (c) manufacturing Industry (d) Tertiary Industry
Q.21) Shourya is running a take away fast food joint in Kanpur under the name ‘Swaad’.
Recently, when his cousin Rahul organized a party at his place he had placed an order for food
at ‘Swaad’ worth Rs. 5000. However, Shourya declined to take the money fromRahul because
of his love and affection for him.
In context of the above case-
(i) With this activity related to the of supply of food from Shourya’s restaurant to Rahul
will not be classified as business activity? Why or why not?
(ii) Mention the related features of business.
OR
Q. Jagat is running a grocery store under the name ‘Morning Needs’ in a local market. He
takes all decisions about business himself, without any interference from others and also earns
a direct reward for his risk bearing. In context of the above case-
(a) Identify and define the form of business organization in which Jagat has promoted his
business.
(b) State any three features of this form of business organization.
Q.22) The prospectus of Imaginations Ltd. stated that application has been made to Pune
Stock Exchange for permission to deal in its shares. The company applied to the said stock
exchange and got permission to deal in its shares. Explain briefly the next step required for
raising funds from the public.
Q.23) Over the years India is plagued by its inefficient and ineffective public sector. 254
public sector units (PSU) incurred heavy losses. The government of India is slowly divesting
from PSUs. Recently, the government gave an in-principle approval to a proposal by the
aviation ministry for the disinvestment of the loss- making Air india.
(a) Outline the concept of disinvestment.
(b) Explain briefly the primary objectives of the concept disinvestment.
Q.24) Danush visited a new restaurant ‘Darbaar’ with his parents. They all liked the food
served in the restaurant. After a week Danush took his friends to ‘Darbaar’ and placed an
order for the same dishes that he had liked during his previous visit. But to his surprise, he
found that the taste of the food a
Q.26) Explain following terms in brief-
(a) Perpetual succession (b) Common seal
(c) Karta (d) artificial person

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C.B.S.E.

Shree Swaminarayan Academy

Q.1) Provision of residential accommodation to the members at reasonable rates is the

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