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11com OCM Final 21-22

1. The document provides information about the exam pattern and question bank for the OC&M subject for Mrs. Naina Jadhav's class. 2. It outlines the paper pattern for the annual exam and ABT exam, which includes multiple choice, short answer, and long answer questions. 3. The question bank provides sample questions on key concepts from the syllabus including types of businesses, forms of business organization, trade terms and environment.

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Anil kadam
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13K views

11com OCM Final 21-22

1. The document provides information about the exam pattern and question bank for the OC&M subject for Mrs. Naina Jadhav's class. 2. It outlines the paper pattern for the annual exam and ABT exam, which includes multiple choice, short answer, and long answer questions. 3. The question bank provides sample questions on key concepts from the syllabus including types of businesses, forms of business organization, trade terms and environment.

Uploaded by

Anil kadam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Mrs.

NAINA JADHAV / 1

B.K. Birla College of Arts, Science & Com. (Autonomous) Kalyan (W)
XI Com – ABT & Annual Examination (2021-22)
SUBJECT – OC&M

IMP NOTE :
1. Portion: 1,2,4,5,7,8 chapters from text book. 3 & 6 chapters omitted by board.
2. Students are supposed to refer Question Bank for ABT Exam & Annual Exam.
3. Students are supposed to write answers in printed question paper of ABT .

PAPER PATTERN FOR ABT EXAM


Q1. Correct the underlined word 5mks
Q2. Find the odd one 5mks
_____
TOTAL 10mks
______

PAPER PATTERN FOR ANNUAL EXAM


Q1 A. Correct the underlined word & rewrite the sentence. 5mks
B. Complete the sentences. 5mks
C. Find the odd one. 5mks
D. State True or False . 5mks

Q2. Explain the following terms/concepts (Any 4/6) 8mks


Q3. Study the following case/situation & express your opinion (Any 2/3) 6mks
Q4. Distinguish between (Any 3/4) 12mks
Q5. Answer in Brief (Any 2/3) 8mks
Q6. Justify the following statements (Any 2/4) 8mks
Q7. Attempt the following (Any 2/3) 10mks
Q8. Answer the following(Long Answer) (Any 1/2) 8mks

---------------------
TOTAL 80mks
_____________
Mrs. NAINA JADHAV / 2

QUESTION BANK FOR OC&M -- ABT EXAM & ANNUAL EXAM

Q1 A. Correct the underlined word & re-write the sentences:


1)Business is non-economic activity.
Ans. economic
2) Barter exchange is an exchange with money.
Ans goods.
3) Export trade refers to the purchase of good and services from foreign country.
Ans.Import
4) Wholesaler requires less capital.
Ans.Retailer
5) In partnership firm minimum 3 member are required.
Ans. 2
6) In JHFB the senior most member of family is called as co-parcener.
Ans. Karta
7) Indian Partnership Act 1940 is applicable in India.
Ans 1932
8)MNC have existence in single country.
Ans. many
9) Private sector aims at providing essential services to customers
Ans Public sector
10) External factors of business environment are controllable.
Ans.Internal factors
11)There are five levels of management
Ans. three
12)Management is a pure science.
Ans. social

Q1 B. Complete the sentences:


1) Professionals, charge fees in exchange of expert services.
2) Retailer is the link between wholesaler and customer.
3) A modern shopping mall is an American term.
4) There is only one owner in Sole Trading Concern.
5)Registration of Joint stock company is compulsory according to the Companies Act 2013.
6) Public Sector is owned, managed, controlled and financed by government.
7) All government companies are registered under Company Act, 2013.
8) The term of Business Environment generally refers to External environment.
9) Geographical and Ecological factors are included in Natural Environment.
10) Literacy is the important part of Social Environment.
11) Link between the top level and lower level of management is called as middle
level management.
12) Art is the bringing about a desired result through the application of skills.
Mrs. NAINA JADHAV / 3

Q1 C. Find the odd one


1) Banking, Insurance, Transport, Manufacturing.
2) Tea, Milk, Coffee, Machinery.
3) Import, Export, Entrepot, Wholesale trade.
4) Sole proprietorship, Joint Hindu family Business, NGO, Partnership firm.
5) Active Partner, Shareholder, Nominal partner, Secret partner.
6) .Pepsi, Cocacola, Dabur, Proctor & Gamble.
7) Management is an art, a science, commerce, a profession.
8) Singer, Actor, Dancer, Doctor.
9) Lower level, Middle level, Top level, High level.
10) Doctor, C.A, Lawyer, Singer.

Q1 D. State True or False


1) Primary industries are concerned with nature. TRUE
2) Trade includes buying and selling of goods and services. TRUE
3) Profit leads to increase in overall efficiency of the organization. TRUE
4) Retailer is the link between manufacturer and wholesalers. TRUE
5) Sole trader is the decision maker of the business. TRUE
6) The liability of KARTA is unlimited. TRUE
7) Joint Stock company can raise huge amount of capital. TRUE
8) Business and environment are inseparable parts. TRUE
9) In small organization also, management is required. TRUE
10) Various principles and techniques are used in management. TRUE
11) Wholesaler keeps large stock of goods. TRUE
12) A retailer has no direct contact with consumers. FALSE
13) Departmental store located out of the city. FALSE
14) Wholesaler deals in small quantity. FALSE

Q2. Explain the following terms / concepts (Any 4 / 6) 8mks


(1) Business (6) Foreign Trade
(2) Home Trade (7) Joint Hindu Family Business
(3) One price shop (8) Wholesale Trade
(4) Technological Environment (9) Natural Environment
(5) Management (10) Hawkers

Q3. Study the following case / situation & express your opinion (Any 2/3) 6mks
1) Jaysukh oil mills produce refined oil. The entire production is purchased by Rupesh oil Depot,
who in turn sells it to various retailers. Mrs. Prachi purchased 2 kg oil from Balaji
Groceries. Identify:
i) Wholesaler Rupesh Oil Depot_
ii) Retailer Balaji Groceries_
iii) Consumer Mrs. Prachi_
Mrs. NAINA JADHAV / 4

2) Mr. Raghunath is running business from last 30 years. This business is ancestoral business of
Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their
wives.
i) Find out type of business. Joint Hindu Family Business
ii)Who is Raghunath? Karta
iii) What Kiran & Naman are called Co-parceners

3) Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by


profession running a firm namely ‘ST Firms’ in Nagpur.
i)Identify the form of business organisation in the above examples.
Ans. Partnership firm
ii) Comment on it.
Ans.Partnership is the relation between persons who have agreed to share the profits of a
business carried on by all or any of them acting for all.
iii) Which two professions are mentioned here?
Ans. Chartered Accountant & Architect.

4) There is a company which is having a registered office in Singapore and such company is
having branch offices in Varanasi (India) and Hambantota(Sri Lanka). This company provides
cellular services to host countries through their respective branch offices.

i) Find out type of organisation. MNC – Multi National Corporation


ii) Comment on it. . MNC means the company operates in many countries.
iii)Give an example TCS, Microsoft

5) Anchor company manufacturing light tubes increased expenditure on Scientific Research and
Development and discovered a technology that made it possible to produce an energy efficient
light tubes that lasts at least twenty times as long as a standard tubes. It resulted in growth and
profitability of the company.

i) Identify the dimension of business environment.


Ans. Technological Environment
ii) State importance of business environment.
Ans It helps in Meeting competition, Image building, Growth & Expansion
iii) What is the product of Anchor company ?
Ans. Light tubes

Q4. Distinguish between (Any 3 / 4) 12mks


(1) Business & Profession
(2) Industry & Commerce
(3) Wholesaler & Retailer
(4) Itinerant Retailers & Fixed Shop Retailers
Mrs. NAINA JADHAV / 5

(5) Private Company & Public Company


(6) Co-operative Society & Joint Stock Company
(7) Middle Level Management & Lower Level Management

Q5. Answer in Brief (Any 2 / 3) 8mks


(1) Explain the different types of Industries.
(2) State any four Auxiliaries to trade.
(3) Explain any four types of Itinerant Retailers
(4) State any four types of Partners
(5) What are the features of Joint Hindu Family Business?
(6) What are the functions of Top Level Management?

Q6. Justify the following statements (Any 2 / 4) 8mks


(1) Combination of Import-Export Trade is Entrepot Trade.
(2) Wholesaler is a link between Retailer and Manufacturer.
(3) The main objective of Co-operative Society is to provide services to its members.
(4) Management is an art.
(5) Management is a Science.
(6)Management is a Profession.

Q7. Attempt the following (Any 2 / 3) 10mks


(1) What are the features of Departmental Stores?
(2) What are the features of Supermarket Shop?
(3) What are the features of Chain stores?
(4) What are the merits of Joint Stock Company?
(5) What are the features of Multinational Corporations (MNC)?

Q8. Answer the following (Any 1 / 2) 8mks


(1) Define Business. Explain its features.
(2) What is Retail Trade? Explain its services to Wholesaler and Consumer.
(3) Define Sole trading concern. Explain its merits & demerits.
(4) Define Partnership firm. Explain its features.

ALL THE BEST

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