Nahar Global School

Pre-Final Examination 2023-24

CLASS-XI
Time :- 3 Hours Subject:- BUSINESS STUDIES (054) MM:- 80

General instructions:

1 This question paper contains 34 questions.

2. Marks are indicated against each question.
3. Answers should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 words.
5. Answers to the questions carrying 4 marks may be about 150 words.
6. Answers to the questions carrying 6 marks may be about 200 words..
7. Attempt all parts of the questions together.
Section-A

1. Which of the following do not come under e-banking? 1

(a) NEFT (b) ATM
(c) Overdraft (d) Debit Card

2. Which does not have a separate Legal Entity? 1

(a) Departmental Undertaking (b) Statutory Corporation
(c) Govt. company. (d) Private company

3. Industries like sugar mill or oil refinery are put under which category- 1
(a) Primary (b) Secondary
(c) Tertiary (d) None of the above

4. ____________is not covered under the contract of indemnity. 1

(a) Life Insurance (b) Marine Insurance
(c) Fire Insurance (d) Accidental Insurance

5. It is a type of saving bank account in which access of a particular limit gets automatically transferred
to fixed deposit account. 1
(a) Current Deposits (b) Multiple Deposits
(c) Fixed Deposits (d) Recurring Deposits

6 Read the following statements: Assertion and Reason. Choose one of the correct alternatives given
below. 1
Assertion (A): The volume of B2B transactions is much higher than the volume of B2C transactions.
Reason (R): To facilitate a single transaction, there are number of B2B transactions.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion
(A).
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True,

7. Pollution does not change the physical, chemical and biological characteristics of 1
(a) Water (b) Land
(c) Air (d) Plant

8. Business people have the skills to solve: 1

(a) All social problems (b) Some social problems
(c) No social problems. (d) All economic problems

9. It was a commercial town and also a major center for export of horses
(a) Peshawar (b) Pataliputra
(c) Mathura (d) Mithila

10. Multiple shops are organized by manufacturer to eliminate 1

(a) Retailer (b) Customer
(c) Middleman (d) Distributor

11 Jay Limited is a company dealing in organic products. The company requires funds for short term, in
order to meet the additional demands during festival season. The financial manager of the company has
suggested that the company can borrow funds from Om Limited. Om Limited is a company dealing in
garments. Name the source of raising funds that has been suggested by the financial manager of the
company. 1
a) Preference shares b) Inter corporate deposits
c) Equity shares d) Public deposits

12 Mr. Prem Chand is an individual with surplus cash and interested to invest in upcoming start-ups.
Which method of investment is suitable for him? 1
(a) Crowd funding (b) Venture capital
(c) boot strapping (d) Angel investment

13. __________________ are debt instrument that does not carry a specific rate of interest, but issued
at a heavy discount. 1
a) Bonds b) Equity shares
c) Debentures d) None of these

14 The Research and Development Department of Manak Private Limited developed a formula after
putting in a lot of Laboure. This formula was quite new, useful and non-obvious. Not only this but this
formula could be practically used in the related industry. One could get in this formula a glimpse of the
Ingenuity and Creativity of the Research and Development Department of the company. The company is
apprehensive lost somebody else should get the benefit of this formula. Identify the Intellectual Property
Right through the use of which the company can be relieved of this apprehension. 1

(a) Trademark (b) Trade Secrets

(c) Copyright (d) Patent

15 Renuka Pvt. Ltd. is availing such type of credit facility from his suppliers 1 which is generally extended
by one trader to another for the purchase of goods and services. It facilitates the purchase of supplies
without immediate payment. Such credit appears in the record of the buyer of goods as 'account
payable'.

Identify the source of finance highlighted here:

(a) Retained Earning (b) Public Deposits

(c) Trade Credit (d) Inter-corporate Deposits

16 The process of establishment of a business unit by an individual is called _____________.

(a) entrepreneur (b) entrepreneurship
(c) enterprise (d) All the above

17. A document which an exporter sends in reply to the enquiry of prospective buyer in the form of
quotation is known as___________
(a) Letter of credit (b) Proforma invoice
(c) Shipment bill (d) Mate Receipt

18 Which of the following is helpful in the balanced regional development?

(a) Large-scale business (b) Companies
(c) Small business (d) None of the above

19. How many tax slabs are prescribed by GST Council?

(a) Three (b) Four
(c) Five (d) Six

20 Wholesalers serve as an important link between the manufacturers and retailers. Which of the
following statement is true about wholesalers?

(a) The wholesaler buys goods in bigger lots.

(b) The wholesalers usually specialize in one particulars line of products.
(c) Wholesalers undertake additional activities like grading of products, storage, promotion of goods, etc.
(d) All of the above.

21.Describe the objectives of WTO in promoting international trade. 3

22. Identify the sources of finance highlighted in the following cases:- 3

a) It facilitates the purchase of goods and services without making immediate payment.

b) It refers to that part of profits which is kept as reserve for use in the future

c) This source has characteristics of both equity shares and debentures.

d) It is also known as ploughing back of profits.

e) It is a permanent source of capital and is not redeemed during the life time of the company.

f) This source of finance has the floating charge on all the properties of business.

23 Explain any four responsibility of a business towards its consumers. 3

Or
State the concept of business ethics.

24 Write short note on Goods and Services Tax. 3

Or
Describe any three services provided by wholesalers to manufacturers.

25 What do you mean by public deposits? State any 3 features of public deposit. 4
Or
What do you mean by preference shares? State any three features of preference shares.

26 In a developing nation like India, cooperative societies are playing an important role. But these are
inherited with certain limitations. State any four such limitations. 4
Or
How will you differentiate between a private limited company and a public limited company on the basis
of?
(i) Number of Members
(ii) Number of Directors
(iii) Transferability of Shares
(iv) Public Subscription

27 Anshul is running grocery shop. His elder brother Ankur is an advocate while his sister Priyanka is a
clerk in a government office. Name the economic activities in which they are engaged and distinguish
among them on the basis of: 4
(i) Reward/Return
(ii) Capital Investment
(iii) Risk..

28 www.olx.in, www.quicker.com etc. are examples of websites used to conduct business. Dipti's sofa set
got spoiled in rain. Her friend suggested that she should change the fabric so that it looks new and put it
for sale on www.olx.com Dipti followed her friend's advice and got her sofa repaired so that it looks
better and uploaded nicely clicked pictures on www.olx.com in without disclosing the fact that it was
damaged from inside. She found a customer and sold it for Rs.9,000. After one week the buyer found the
real state of sofa set and called Dipti but she did not answer any of the call. 4

(i) Name the type of e-business in above case.

(ii) Explain any three benefits of e-business.

29. Discuss the following digital payments: 4

(a) NEFT (b) Credit Card

30. Distinguish between Departmental Stores and Chain Stores. 4

31. List the documents required for the incorporation of a company. 6

Or

What do you mean by Joint Hindu Family Business? Explain the features of Joint Hindu Family Business.

32. international business is beneficial to both 'nation' and 'business firm'. Justify the statement by giving
reasons (3 each). 6

OR

Discuss the following steps involved in executing export trade:

(a) Receipt of enquiry and sending quotations

(b) Receipt of indent

(c) Assessing importer's creditworthiness and securing a guarantee for payments

(d) Obtaining export license

33 It is a public sector enterprise in which Govt. of India held 80% of paid up share capital and it is
registered as per company Act, 2013. It deals in manufacturing of Engineering goods and competes with
private sector enterprises in order to achieve higher profits. 6

I) Which type of public sector enterprise is discusses above.

ii) Do the employees of such organization considered as Civil Employees?

iii) Write any two characteristics of such organization.

iv) Write any two limitations of such organization.

34 After completing MBA from IIM, Lucknow Harish decided to enter into a star-up business. After
analyzing the market, he found that there is considerable scope in Food Delivery business. However,
Harish is not sure of the ways in which he can finance his start-up. So, he consulted his friend, Piyush,
who himself started a start-up one year back. Piyush suggested him a number of ways to finance the
start-up. State the various ways to finance start-up which might be suggested by Piyush. 6