LEADERS PRIVATE SCHOOL,

Sharjah

HOLIDAY
HOMEWORK
GRADE : XII
Commerce

Wishing you a great vacation! Hope your vacation is the

greatest, and may each new day bring you happy
memories to cherish when you get back! Have a
wonderful time!

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DATE OF SUBMISSION-
29-08-2022
GUIDELINES:
• BE ORGANISED AND PLANNED SO AS TO AVOID THE LAST MINUTE
HURRY TO FINISH THE PILED UP WORK.
• ALL YOUR HOMEWORK SHOULD BE FILED PROPERLY.
• YOUR STUDY SPACE SHOULD BE QUIET, COMFORTABLE AND
DISTRACTION-FREE. IT SHOULD MAKE YOU FEEL HAPPY AND
INSPIRED.
• IF YOU STUDY EVERY DAY YOU’LL BE CONTINUALLY REVIEWING
THINGS IN YOUR MIND.
• THIS HELPS YOU TO UNDERSTAND AND AVOID THE STRESS OF
LAST MINUTE CRAMMING.
• LAST BUT NOT THE LEAST STICK ON TO A PERFECT TIMETABLE AND
TRY TO FINISH THE PORTIONS ACCORDINGLY.

SUMMER IDEAS
• Reflect on the term gone by.
• Set process goals for the coming semester.
• Watch educational YouTube videos.
• Find a cause you care about.
• Learn a new skill.
• Improve your physical health.
• Learn a new language.
• Volunteer
• Take online courses.
• Read a lot.
• Reconnect with friends and family members.

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 HOLIDAY HOMEWORK 2022-23
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1. Project Work.

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For more details visit the CBSE link provided on Teams.
2. Write the answers of the following questions in 30-40 words each.
Flamingo-
1.What was the mood in the classroom when M. Hamel gave his last French lesson?
2.What had the narrator counted on to enter the school, unnoticed?
3. What does the writer mean when she says, ‘Saheb is no longer his own master’?
4. Is it possible for Mukesh to realize his dream? Justify your answer?
5. How did Douglas finally get rid of the fear he had of water?
6. How did the incident at the YMCA pool affect Douglas?
7. What is the significance of the parting words of the poet and her smile in ‘My Mother at
Sixty-six’?
8. How did Kamala Das put away the thought of her mother’s old age?
9. According to Keats, what makes man love life in spite of all its problems and miseries?
10. How is a thing of beauty a joy forever?
11. What is the sadness that the poet, Pablo Neruda refers to in the poem ‘Keeping Quiet’?
12. Which images in the poem, “Keeping Quiet” show that the poet condemns violence?
Vistas-
13. How does Charley, the narrator describe the third level at Grand Central Station?
14. How did Charley often get lost on the Grand Central Station?
15. Why was the Maharaja so anxious to kill the hundredth tiger?
16. How did the Maharaja please a high-ranking British official?
17. Why did the General spare the American soldier?
18. Why was Dr. Sadao not sent to the battlefield?

Section B-Writing

1. You are SrinivafSrinidhi of D.P. Public School, Nagpur. As Student Editor of your school
magazine, draft notice in not more than 50 words for your school notice board inviting
article sketches from students of all classes.
2. Due to a sudden landslide and inclement weather, St. Francis School, Vasco has to be
closed for a week. As Principal of that school, draft notice in not more than 50 words to
be displayed at the school main gate notice board.
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 3. Advertisements have become a big business. They are promoted by celebrities drawn
from various fields like films, sports, etc., leaving their influence on all people specially
the young. Write an article in 150-200 words on ‘The Impact of Advertisements on the
younger generation’.
4. The present-day youth are greatly stressed due to cut-throat competition and
consumerist culture. Write an article in 150-200 words on the causes of the stress on the
modem generation suggesting suitable solutions.
5. Write a letter to the Editor of The Times of India, complaining about the noise pollution
in your locality drawing the attention of the government to take steps to check the same.
Sign as Gaurav/Gauri, Janata Nagar, Ahmedabad.

3. Art Integrated Activity-Prepare a digital Invitation and upload on Teams.

i)You are the secretary of Haryana Civil Medical Doctors’ Association, 345 Sector 15, Panchkula.
You have organised a seminar on AIDS for the members of the association and invited a
specialist guest speaker. Draft an invitation for publication in the newspapers.

ii) You are Sachin Bansal, the Head Boy of Springdales Public School, Gurgaon. Your school is
holding an inter-school T-20 cricket championship from 2 Oct. to 8 Oct., 20XX. Write a formal
invitation to Sh. B.S. Bedi, the legendary cricketer, to inaugurate the championship on 2 Oct.
20XX at 10 a.m. at your school grounds.

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HOLIDAY HOMEWORK : 2022-23

General Instructions:
a) 3 PARTS- A) WORKSHEET B) ART INTEGRATED WORK C) CBSE PROJECT
b) It should be handwritten in A4 paper with neat borders.
c) Front page should have – Name, grade, subject and indicate as -Holiday Homework.
d) Submission should be done in a good folder.
e) The important concepts should be underlined
f) Answers should be supported with necessary flow charts, diagrams, tables; if needed.

A) LEVEL-I
1. Name the step-in staffing process which involves determining the sources of potential
candidates.
a. Estimating manpower requirements c. Recruitment
b. Selection d. Training & Development
2. Differentiate between Workload analysis and Workforce analysis
5 the sales of his business by 20% in the
3. Ketan offers cable T.V. services. He plans to increase
next three months. In order to realize his objective, he had made lot of investments in
 terms of time and money in deciding various lucrative packages that he can offer to his
clients. But, before he could implement his plan, a multinational company announced its
entry into this business segment by offering free subscription for one month and minimum
installation charges. As a result, Ketan’s financial plans, sales targets will now have to be
modified since they are based on sales figures. It is rightly said that planning cannot
foresee everything and thus, there may be obstacles to effective planning.
Identify and explain the limitations of planning mentioned in the above paragraph by
quoting lines from it.

LEVEL-II
1. Super Ltd. Is a well-known cab service provider in Lucknow. The business of the company had
been growing consistently over the years. However, due to the recent news in the media
about a harassment case filled by the foreign tourist against one of the drivers of the
company, the goodwill of the company has been adversely affected. Name the
communication tool that will help the company to improve its image.
a. Sales promotion c. Public Relations
b. Advertising d. None of the above
2. Megha Industries Ltd. have selected Manisha, Neethu, Grishma, and Anand for various
vacancies in the organisation. Identify and explain the next step in the staffing process which
is to be taken by the company.
3. Rajat has recently joined as a Marketing Head of a company manufacturing sports
equipments in Hissar. He feels that most of the time there is no written record of the
communication that takes place within the organization. Moreover, there is no definite
network of flow of communication and it flows freely in all the directions. This has led to lot of
confusion and chaos within the organization. As a result, he has identified to look for a new
job.
a. Identify the type of organization which permits free flow of communication in all
directions.
b. Is there any advantage of the type of organization as identified in part (a) of the
question? Explain by giving any two reasons in support of your answer.
c. Identify the type of organization in which the communication flows through a well-
defined network. Also, state any one of its limitations.

LEVEL-III
1. Faruq is running a brick manufacturing unit in Meerut. Whenever there is a need for
additional workers, a notice is placed on the notice board of its factory specifying the
details of the jobs available. Identify the type of recruitment being adopted by Faruq in
order to meet the shortfall of workers.
a. Casual callers c. Direct Recruitment
b. Advertisement d. Employment Exchange
2. Enigma Footwear is a very innovative organisation. The company has the policy of paying
proper attention to the training of the managers. The organisation teaches various
management principles to the managers whenever required so that they can apply them
and understand the practical aspects of business through them. Year by year the
organisation is able to increase its revenue. This is 6because the managers are able to
economically use the funds of the organisation and increase the output of the workers
through various principles like discipline and science not rule of thumb. This year the
 company will be opening its 14th branch in India. The firm has decided to start the
campaign for adopting poor children. This year the target is 500 poor children due to be
adopted. This will help the organisation put noticeable example in front of others who can
learn a lot from this initiative of the company.
Which points of importance of principles of management are highlighted in the above case?
Identify the lines and explain in detail.
3. Yuvraj is working as the Human Resource Manager in an International School in Noida.
Coincidentally, both the academic supervisor and co-curricular supervisor in the Middle
wing have submitted their resignations at the same time although for different personal
reasons. The principal finds, Hemlata, a dance teacher in the school, very competent and
committed so she asks Yuvraj to move her up in the hierarchy to the post of co-curricular
supervisor in the Middle wing. In order to fill up the vacancy of academic supervisor an
advertisement is given in the newspaper and eventually Mrs. Charu Jindal is selected for the
post. Whereas, the post of dance teacher is filled up through database of unsolicited
applicants in the school office.
a. Name the internal/ external sources of recruitment used by the school to fill up the
above stated vacancies.
b. Also, state any one merit each of the above identified source of recruitment.

B) ART INTEGRATED
Based on the topics covered in the syllabus prepare Art Integrated work and present the
same. You can use ppt, chart, scrap files, cartoons/ paintings, collage and mosaic work,
brochure/ flyer etc.

C) CBSE PROJECT
As discussed in the class, you are required to prepare the project as per the instructions given
in the class.
Refer- www.cbse.nic.in (in the business studies syllabus)

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HOLIDAY HOMEWORK : 2022-23

General Instructions
I. Attempt all the questions.
II. The assignment has to done in A4 size papers and neatly kept in a file.
III. Art integrated Project. (As discussed in class)
IV. Project File should be neatly handwritten and presentable with page numbers. Each step
of the solution needs to be highlighted.

PROJECT WORK : COMPREHENSIVE PROBLEM

1 First page of the file should describe title of the work
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2. Index to indicate columns for title of work, page no., date, teacher’s remarks and signature.
3. The format for Project Work will be:
 A. Statement of the problem/Name of the project
B. Objectives
C. Period of study
D. Source material
E. Tools of analysis used
F. Processing and tabulation of data
G. Diagrammatic/graphic presentation—pie diagrams, bar diagrams and graphs.
H. Derivations, Interpretation and conclusion.

Part A - (Accounting for Partnership Firms and Companies)

LEVEL - 1
1. Eina , Mina and Dika are sharing profits and losses in the ratio 5:3:2 . They decide to share
future profits and losses in the ration 2:3:5 with effect from 1st April, 2016. They also decide
to record the of the following accumulated profits, losses and reserves without affecting
their book figures by passing a single entry.
General reserve Rs 24,000
Profit and loss A/c (credit ) Rs 96,000
Advertisement suspense A/c Rs 48,000
Pass necessary single entry.
2. Sita, Geeta and Neeta were partners in the ratio of 5:4:1. On 31st Dec. 2006 their balance
sheet showed a reserve fund of Rs. 130,000, P&L A/C (Loss) of Rs. 90,000. On 1st January,
2007, the partners decided to change their profit sharing ratio to 9:6:5. For this purpose
goodwill was valued at Rs. 3,00,000.
The partners do not want to distribute reserves and losses and also do not want to record
goodwill. You are required to pass single journal entry for the above.
3. Farhan, Ram, Biju and Kakar were partners in a firm sharing profits in the ratio of 4 : 3 : 2 : 1.
On 1-1-2015 they admitted Arvind as a new partner for 1/10 share in the profits. Arvind
brought Rs 10,000 for his share of goodwill premium which was correctly recorded in the
books by the accountant. The accountant showed goodwill at Rs 1,00,000 in the books. Was
the accountant correct in doing so? Give reason in support of your answer.
4. X and Y were partners in a firm sharing profits in the ratio of 3:2. During the year ended 31-
3-2015 X had withdrawn Rs 15,000. Interest on her drawings amounted to Rs 300.
Pass necessary journal entry for charging interest on drawing assuming that the capitals of
the partners were fixed.
5. State any three circumstances other than (i) admission of a new partner; (ii) retirement of a
partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise.
6. Saloni and Shrishti were partners in a firm sharing profits in the ratio of 7 : 3. Their capitals
were Rs 2,00,000 and Rs 1,50,000 respectively. They admitted Aditi on 1st April, 2013 as a new
partner for 1/6th share in future profits. Aditi brought Rs 1,00,000 as her capital. Calculate
the value of goodwill of the firm and record necessary journal entries for the above
transaction on Aditi's admission
LEVEL - 2
1. A and B were partners in a firm sharing profits in the ratio of 5:3. On 1-4-2014 they
admitted R as a new partner for 1/8 share in the profits with a guaranteed profit of Rs
75,000. The new profit sharing ratio between A and 8 B will remain the same but they agreed
to bear any deficiency on account of guarantee to R in the ratio 3:2. The profit of the firm
for the year ended 31-3-2015 was Rs 4,00,000.
 2. On 1-4-2013 Jay and Vijay, entered into partnership for supplying laboratory equipments to
government schools situated in remote and backward areas. They contributed capitals of Rs
80,000 and Rs 50,000 respectively and agreed to share the profits in the ratio 3 : 2. The
partnership deed provided that interest on capital shall be allowed at 9% per annum.
During the year the firm earned a profit of Rs 7,800. Showing your calculations clearly,
prepare ‘Profit and Loss Appropriation Account’ of Jay and Vijay for the year ended 31-3-
2014.
3. Capital of the firm of Mina and Tina is 4,00,000 and the market rate of interest is 15%.
Annual salary of the partner is 24,000 each. The profit of the last three years were
Rs.120,000; Rs.144,000 and Rs.168,000. Goodwill is to be valued at two years purchase of
the last three years average super profits. Calculate goodwill of the firm.
4. On April 1, 2001 an existing firm had assets of Rs. 1,50,000 including cash of Rs. 10,000. The
partner’s capital accounts shared a balance of Rs. 1,20,000 and the reserve contributed the
rest. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs 48,000
at four year’s purchase of super profits, find the average profits of the firm.
5. A,B and C are partners, sharing profits in the ratio of 4:3:2. D is admitted for 2/9 share
of profits and bring Rs. 30,000 and Rs. 10,000 for his share of goodwill. The new profit
sharing ratio will be A:B:C:D, 3:2:2:2. Journalize the above arrangement in the books.
6. Ashok, Bhim and Chetan were partners in a firm sharing profits in the ratio of 3:2:1. Their
Balance Sheet as on 31-3-2015 was as follows:

Balance Sheet of Ashok,Bhim and Chetan as on 31-3-2015.

Liabilities Rs. Assets Rs.
Creditors 1,00,000 Land 1,00,000
Bills Payable 40,000 Building 1,00,000
General Reserve 60,000 Plant 2,00,000
Capitals: Stock 80,000
Ashok 2,00,000 Debtors 60,000
Bhim 1,00,000 Bank 10,000
Chetan 50,000 3,50,000

5,50,000 5,50,000
Ashok, Bhim and Chetan decided to share the future profits equally, w.e.f. April 1, 2015. For this
it was agreed that :
(i) Goodwill of the firm be valued at Rs 3,00,000.
(ii) Land be revalued at Rs 1,60,000 and building be depreciated by 6%.
(iii) Creditors of Rs 12,000 were not likely to be claimed and hence be written off
Prepare Revaluation Account, Partners Capital Accounts and Balance Sheet of the
reconstituted firm.

LEVEL - 3
1. Kumar, Gupta and Kavita were partners in a firm sharing profits and losses equally. The
firm was engaged in the storage and distribution of canned juice and its godowns were
located at three different places in the city. Each godown was being managed
individually by Kumar, Gupta and Kavita. Because 9 of increase in business activities at the
godown managed by Gupta, he had devote more time. Gupta demanded that his share in
the profits of the firm be increased, to which Kumar and Kavita agreed. The new profit
 sharing ratio was agreed to be 1 : 2 : 1. For this purpose the goodwill of the firm was
valued at two years purchase of the average profits of last five years. The profits of the
last five years were as follows:
Year Profit(Rs.)
I 4,00,000
II 4,80,000
III 7,33,000
IV(Loss) 33,000
V 2,20,000
You are required to:
(i) Calculate the goodwill of the firm.
(ii) Pass necessary Journal Entry for the treatment of goodwill on change in profit sharing
ratio of Kumar, Gupta and Kavita
2. A business has earned average profit of Rs.2,00,000 during the last few years and the
normal rate return in similar business is 10%. Find value of goodwill by
(i) Capitalization of Super Profit Method,
(ii) Super profit Method if the goodwill is valued at 3 years; purchase of super profits.
Assets of the business were Rs.20,00,000 and its external liabilities Rs.3,60,000.

3. On 1.4.2013, Brij and Nandan entered into partnership to construct toilets in government
girls schools in the remote areas of Uttrakhand. They contributed capitals of Rs 10,00,000
and Rs 15,00,000 respectively. Their profit sharing ratio was 2:3 and interest allowed on
capital as provided in the Partnership Deed was 12% per annum. During the year ended
31.3.2014, the firm earned a profit of Rs. 2,00,000.
Prepare Profit and Loss Appropriation Account of Brij and Nandan for the year ended
31.3.2014.

4. A, B and C were partners in a firm sharing profit in the ratio of 3:2:1. On 31- 3-2015 their
Balance Sheet was as follow
Liabilites Rs. Assets Rs.
Creditors 84,000 Bank 17,000
General Reserve 21,000 Debtors 23,000
Capitals: Stock 1,10,000
A 60,000 Investments 30,000
B 40,000 Furniture and Fittings 10,000
C 20,000 1,20,000 Machinery 35,000
2,25,000 2,25,000

On the above date D was admitted as a new partner and it was decided that
(i) The new profit sharing ratio between A, B, C and D will be 2:2:1:1.
(ii) Goodwill of the firm was valued at Rs 90,000 and D brought his share of goodwill
premium in cash.
(iii) The market value of investments was Rs 24,000.
(iv) Machinery will be reduced to Rs 29,000.
10 amount and hence to be written-off.
(v) A creditor of Rs 3,000 was not likely to claim the
(vi) D will bring proportionate capital so as to give him 1/6 share in the profits of the firm.
 Prepare Revaluation Account, Partners Capital Account and Balance sheet.
5. Charu and Harsha were sharing profits in the ratio 3:2. On 1-4-2014 their Balance Sheet
was as follows:
Liabilities Rs. Assets Rs.
Creditors 17,000 Cash 6,000
General Reserve 4,000 Debtors 15,000
Workmen compensation fund 9,000 Investments 20,000
Investment fluctuation fund 11,000 Plant 14,000
Provision for bad debts 2,000 Land and building 38,000
Capitals:
Charu 30,000
Harsha 20,000 50,000
93,000 93,000
On the above date Vaishali was admitted for 1/4th share in the profits of the firm on the
following terms:
(a) Vaishali will bring Rs 20,000 for her capital and Rs 4,000 for her share of goodwill
premium.
(b) All debtors were considered good.
(c) The market value of investments was Rs 15,000.
(d) There was a liability of Rs 6,000 for workmen compensation.
(e) Capital accounts of Charu and Harsha are to be adjusted on the basis of Vaishali’s capital
by opening current accounts.
Prepare Revaluation Account and Partner’s Capital Accounts .

6. Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st
April, 2012 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan
and Mahesh on that date was as under :
Liabilities Rs. Assets Rs.
Creditors 2,10,000 Cash in hand 1,40,000
Workmen compensation 2,50,000 Debtors 1,60,000
fund 1,60,000 Stock 1,20,000
General reserve Machinery 1,00,000
Capitals: Building 2,80,000
Mohan 1,00,000
Mahesh 80,000 1,80,000
8,00,000 8,00,000

It was agreed that:

(i) The value of Building and Stock be appreciated to Rs 3,80,000 and Rs 1,60,000 respectively.
(ii)The liabilities of workmen's compensation fund was determined at Rs 2,30,000.
(iii) Nusrat brought in her share of goodwill Rs 1,00,000 in cash.
(iv) Nusrat was to bring further cash as would make her capital equal to 20% of the combined
capital of Mohan and Mahesh after above revaluation and adjustments are carried out.
(v) The future profit sharing ratio will be Mohan 2/5th, Mahesh 2/5th, Nusrat 1/5th.
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Prepare Revaluation Account, Partner's Capital Accounts and Balance Sheet of the new firm.
Also show clearly the calculation of Capital brought by Nusrat.
 (PART B)-FINANCIAL SATEMENT ANALYSIS
LEVEL - 1
1. Name any two items that are shown under the head Other Current Liabilities and any two
items that are shown under the head Other Current Assets in the Balance Sheet of a
company as per Schedule III of the Companies Act, 2013.
2. Under which major headings the following items will be presented in the Balance sheet of
a company as per Schedule VI Part I of the Companies Act, 1956?
(i) Loans provided repayable on demand (ii) Goodwill
(iii) Copyrights (iv) Loose tool
(v) Cheques (vi) General Reserve
(vii) Stock of finished goods and
(viii) 9% Debentures repayable after three years
3. Under which major sub-headings the following items will be placed in the Balance Sheet
of a company as per revised Schedule-VI, Part-I of the Companies Act, 1956:
(i) Accrued Incomes (ii) Loose Tools
(iii) Provision for employees benefits (iv) Unpaid dividend
(v) Short-term loans (vi) Long-term loans.

LEVEL – 2
1. From the following information, compute Debt-Equity Ratio:
Rs.
Long Term Borrowings 2,00,000
Long Term Provisions 1,00,000
Current Liabilities 50,000
Non-current-Assets 3,60,000
Current-Assets 90,000
2. Calculate Total Assets to Debt Ratio from the following information:
Long-term Debts ₹ 4,00,000; total Assets ₹ 7,70,000.
3. Current Ratio is 2.5, Working Capital is ₹ 1,50,000. Calculate the amount of Current Assets
and Current Liabilities

LEVEL - 3
1. From the following information related to Naveen Ltd. calculate (a) Return on Investment
and (b) Total Assets to Debt Ratio.
Information: Fixed Assets Rs 75,00,000; Current Assets Rs 40,00,000; Current Liabilities Rs
27,00,000; 12% Debentures Rs 80,00,000 and Net Profit before Interest, Tax and Dividend Rs
14,50,000.
2. Rs.2,00,000 is the cost of goods sold, inventory turnover 8 times, stock at the beginning
is 1.5 Times more than the stock at the end. Calculate the value of opening & closing stock .
3. From the following details obtained from the financial statements of Jeev Ltd., calculate
interest coverage ratio:
Net Profit after tax Rs 1,20,000,
12% Long-term Debt Rs 20,00,000,
Tax Rate 40%.
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 HOLIDAY HOMEWORK : 2022-23

SECTION A
1. Capital expenditure is that estimated expenditure of the government by which
a) Assets are increased b) Liabilities are decreased
c) Both a and b d) Assets and liabilities do not change
2. Fill up the blanks with correct alternative.
Export and import of all types of goods is recorded in the _____________account of BoP.
(current/capital)
3. Money that is issued by the authority of the government is called:
a) Full bodied money b) Credit Money c) Fiat Money d) Fiduciary Money
4. Balance of payments is in disequilibrium when:
(a) current account balance + capital account balance is not equal to zero
(b) current account balance + capital account balance is some positive number
(c) current account balance + capital account balance is some negative number
(d) all of these
5. Read the following statements carefully and choose the correct alternative from the
following
Statement 1: Supply of money is a flow variable.
Statement 2: It is measured at a point of time.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
6. Read the following dialogue between two people.
Ramesh: I want 1 kg of potatoes.
Suresh: What will you give in exchange?
Ramesh: I can give you two litres of milk in return for the potatoes.
Suresh: I don’t need milk. I want a pair of shoes.
Which of the following problem is being faced by Ramesh and Suresh in their exchange
process?
(a) Lack of double coincidence of wants (b) Absence of common unit of value
(c) Lack of store of value (d) Lack of standard of deferred payment
7. Two friends Mira and Sindhu were discussing the exchange rate systems.
‘Under this system, the exchange rates are determined by the market forces of demand
and supply. However, deliberate efforts are made by the competent authority to keep
the exchange rates within a specific range’.
The above-mentioned statement was given by Sindhu, identify the type of exchange
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rate system was she talking about?
a) Fixed Exchange Rate b) Floating Exchange Rate
 c) Managed Floating Exchange Rate d) Managed Fixed Exchange Rate
8. Read the following statements carefully and choose the correct alternative from the
following: Statement 1 – Public goods are those goods and services that are
collectively consumed by the public.
Statement 2 – Public goods are excludable and rivalrous in nature.
Alternative:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
9. Which one of the following is a quantitative tool of credit control used by RBI?
(a) Bank rate policy (b) Marginal requirements
(c) Moral suasion (d) Direct action
10. Under the Balance of Payments structure of a nation, the two main categories of
accounts for the classification of the transactions are and .
(Fill up the blank with correct alternative)
i. current account ii. unilateral transfer account
iii. capital account iv. loan account
Identify the correct alternatives from the following:
Alternatives:
a) i and ii b)i and iii c) iii and iv d) iv and i
11. The IPR 1948 gave leading role to:
a) Private sector b) Public sector c) Planning Commission d) None of the above
12. Occupational structure refers to (Fill in the blank with correct alternative)
a) size of labour force in a country
b) number of people living in a country
c) distribution of workforce among different sectors of an economy
d) nature of different occupations
13. Legally stipulated maximum size beyond which no individual farmer can hold any land:
a) Tenancy reforms b) Land consolidation
c) Abolition of Intermediaries d) Land Ceiling.
14. Read the following statements carefully and choose the correct alternative from
the following:
Statement 1: Inflation is the cause of poverty.
Statement 2: Inflation (price spiral) erodes real income of the people. Other things
remaining constant, price spiral may push certain people below the poverty line.
Alternative:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
15. Read the following statements carefully and choose correct alternatives given below:
Statement 1 – India is often called as the ‘outsourcing hub’ of the world.
Statement 2 – Availability of skilled manpower is one of the prime factors responsible
for the status gained by India at the international 14 platform.
Alternatives:
 a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
16. Financial sector reforms do not include:
a) Allowing private banks to function.
b) Allowing foreign institutional investment in financial sector
c) Ending the role of RBI completely as a regulator of financial sector.
d) Giving certain managerial freedom to public sector banks.
17. From the following given sets of statements in column I and II, choose the
correct pair of statements.

Column I Column II
Exports of goods and Excess of Exports of goods over the Imports
services of goods
Trade Surplus An element of invisible items

Current Transfers to rest of Recorded as a positive item in the BOP

the world account

Portfolio Investments Foreign Institutional Investors

Alternatives:
a) A-i b) B-ii c) C-iii d) D-iv
18. Indian agriculture is characterised by which of the following features?
a. Dependence on monsoon b. Disguised unemployment
c. Sub-division and fragmentation of land holdings d. All of the above
19. The Government of India has decided to vaccinate the adult population of India (with
Covaxin/Covishield), without any charge. This would be categorized as ____________
(Fill in the blank with correct alternative)
a) revenue nature income b) capital nature expenditure
c) revenue nature expenditure d) capital nature income
20. The average calories required per person in urban area is
(a) 2400 (b) 2100 (c) 2500 (d) 2150
21. In India, Money supply (M1) is equal to:
a) Currency with people
b) Currency with people +Demand Deposits
c) Currency with people+ Net Demand deposits held by the commercial banks
d) None of these
22. Mortality rate is one of the indicators of ......... of an economy.
a. Occupational structure b. unemployment
c. Demographic profile d. Foreign trade
23. Read the following statements carefully and choose the correct alternatives given
below:
Statement 1 – Subsidies do not add any burden on the financial health of a nation.
Statement 2 – Complete removal of subsidies15may violate the aim of equitable
distribution of income.
 Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
24. One of the following statements about Indian economy is not true. Identify the false
statement
a) Indian agriculture was flourishing before the advent of the British
b) India‘s foreign trade throughout the colonial period was marked by a large export
surplus
c) India had a sound industrial base under the British
d) British developed the Railway system in India for their own benefit
SECTION B
25. ASSERTION (A): Buying foreign goods is expenditure from our country and it becomes
the income of that foreign country.
REASON (R): The purchase of foreign goods or imports decreases the domestic demand
for goods and services in our country.
Alternatives:
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)
(b) Both Asse1t ion (A) and Reason (R) are true but 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.
26. The ratio of total deposits that a commercial Banks has to keep with Reserve Bank of
India is called
(a) Deposit ratio (b) Cash reserve ratio (c) Legal reserve ratio
(d) Statutory liquidity ratio
27. Read the following statements: Assertion (A) and Reason (R).Choose one of the correct
alternative.
Assertion (A): The major policy initiatives i.e. land reforms and green revolution helped
India to become self-sufficient in food grains production.
Reason (R): The proportion of people depending on agriculture did not decline as
expected.
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 but 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.
28. If India has to make real progress, she has to develop its rural areas. It is because……….
A. One –third of rural India still lives in abject of poverty.
B. More than the 50% India’s population depends on agriculture which is the major
source of livelihood in the rural sector. 16
C. Growth –rate in the agricultural sector has been quite lower than those of other
sectors of the economy.
 D. All the above.
29. Read the following Assertion(A) and Reason (R) and choose the correct alternatives
Assertion (A): Human capital formation is required for effective use of physical capital.
Reason (R): Formation of human capital raises life expectancy of the people.
(A) Both Assertion (A) and Reason (R) are true and R is the correct explanation of
Assertion (A.) (B) Both Assertion (A) and Reason (R) are true but 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
30. From the following statement given in column 1 and column ll, choose the correct pair
of statement
Column I Column II
A. Index of poverty 1. Having income or consumption below poverty line
B. Poverty line 2. Difference in actual income and poverty line
C. Absolute poor 3. Human capital and human poverty index
D. Poverty gap 4. minimum calorie requirement per person per day
Options
A B C D
A. 4 1 2 3
B. 3 4 1 2
C. 4 2 1 3
D. 3 4 2 1
31. Who conducts the periodical sample survery for estimating the poverty line in India?
(A) National Survery Organisation (B) National Sample Survey Organisation
(C) Sample Survey Organisation (D) None of the above.
32.

On the basis of the above-mentioned information answer the following question:

The Real Per Capita Income of India (as per the given data) has increased by _
(approximately) between 1951 and 2016-17.
(Fill up the blank with correct alternative)
a) 915 % b) 1015 % c) 815 % d) 715 %
33. Assertion: Because of India’s rapidly growing population the country's traditional
agricultural practices yielded insufficient food production.
Reason : (R ) Agricultural technological advancements offered opportunities to increase
productivity.
A) Both Assertion (A) and Reason (R) are true and17 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) Both Assertion (A) and Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
34. Licensing (as in case of liquor) is necessary for the ………………………… .
(a) regulation of business (b) regulation of the industry
(c) regulation of taxes (d) none of these
35. Read the following statements carefully and choose the correct alternatives given below:
Statement 1 – The value of money multiplier is determined by the reserve ratio
prevailing in the monetary system.
Statement 2 – The process of credit creation directly relates to the value of reserve ratio.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
36. From the Column I and Column II, choose the correct pair of statements:
Column I Column II
A. Prior to 1921 1. Death rate
B. After 1921 2. Birth rate
C. The number of death per 1000 persons in a year 3. First stage of demographic
transition
D. The number of births per 1000 person in a year 4. Second stage of demographic
transition
A B C D
a. 4 1 3 2
b. 3 4 1 2
c. 1 3 2 4
d. 2 1 4 3
37. Assertion (A): borrowings are capital receipts but payment of interest on borrowings
are revenue expenditure.
Reason (R): borrowings creates liability but payment of interest does not reduce
liability.
a) Both Assertion (A) and Reason (R) are true, (R) is correct explanation of (A).
b) Both Assertion (A) and Reason (R) are true but (R) is not correct explanation of (A).
c) Assertion (A) is true and Reason (R) is false.
d) Assertion (A) is false and Reason (R) is true.
38. From the set of statements given in Column I and II, choose the correct pair of
statements:
Column I Column II
1. Bank money A. exchange of money for goods
2. Barter exchange B. a component of money supply.
3. Demand deposits with banks C. demand deposits created by commercial banks
4. Legal tender D. money which can be legally used to make
payment of debts 18
(a) 1-A (b) 2-B (c) 3-C (d) 4-D
39. Read the following statements: Assertion (A) and Reason (R).Choose one of the correct
 alternative.
Assertion (A): The major policy initiatives i.e. land reforms and green revolution helped
India to become self-sufficient in food grains production.
Reason(R): The proportion of people depending on agriculture did not decline as
expected.
Alternatives:
a) Both Assertion (A) and Reason (R) are true, (R) is correct explanation of (A).
b) Both Assertion (A) and Reason (R) are true but (R) is not correct explanation of (A).
c) Assertion (A) is true and Reason (R) is false.
d) Assertion (A) is false and Reason (R) is true.
40. Assertion (A)-Governor of RBI gives advises to central government regarding about tax,
expenditure related decisions.
Reason (R)- it is essential for the government to follow the advises of RBI.
a) both (A) & (R) both are true and (R) is correct explanation of (A)
b) both (A) & (R) both are true and (R) is not correct explanation of (A)
c) (A) is true but (R) is false
d) (A) is false but (R) is true
41. Assertion (A) The year 1921 is described as the year of Great Divide.
Reason (R) It was from this year, population started increasing continuously.
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
42. Poor are the one who regularly move in and out of the poverty.
A. Chronic poor B. Churning poor
C. Occasionally poor D. None of these
43. What is the meaning of social medicine?
a) Spread of health literacy b) Ensuring medicine to society
c) Opening medicine shops in society d) All the above
44. If Rs. 120 are required to buy $ 1, instead Rs. 100 earlier:
(a) domestic currency has appreciated (b) domestic currency has depreciated
(c) rupee value of import bill will decrease (d) both (b) and (c)
45. Which one of the following is a reason for poor human capital formation in India?
(a)Brain drain ( b) insufficient resources (c) high growth of population
(d) all of these
46. Assertion: Although there is a steady decline in poverty over the last two decades but
total number of the poor people have remained constant.
Reason: There has been a considerable growth in population.
a) Both assertion and reason are true but the reason is the correct explanation of
assertion.
b) Both assertion and reason are true but reason is not the correct explanation of
assertion
c) Assertion is true but reason is false 19
d) Assertion is false but reason is true
47. Match the situations given in Column I with their respective implications given in
Column II: (Choose the correct alternative)
Column I Column II
A Migration i. reduced in per capita economic growth
B Low level of academic standards ii. Imbalance between demand and supply of
human resource
C Population- High Growth rate iii. Brain Drain
D Lack of proper manpower planning iv. Mismatch between required skill and
academic standards
a) A-ii; B-iii; C-iv; D-i
b) A-iii; B-iv; C-i; D-ii
c) A-i; B-ii; C-iii; D-iv
d) A-ii; B-iv, C-i; D-iii
48. Source of Human capital formation :
(A) Investment in education (B) Investment in Health
(C) Investment in on-the-job training (D) All of these
SECTION C
Q.No. 49 – 54 are to be answered on the basis of the following data:
Read the following hypothetical text and answer the given questions
While the beginning of the current economic liberalization policy in India could be
traced to the period much earlier than the 1990s, the explicit acceptance and
implementation of the economic liberalization program during mid-1991 by Indian
government could be seen as the starting point of the new reform program, and its
subsequent change of approach and priorities about its governance. It was based on the
belief that economic globalization/liberalization worked toward the integration of
national economies into the international economy through trade, direct foreign
investment, short-term capital flows, international flow of workers and humanity, and
flow of technology. But in the process of liberalizing the economy, the state’s role has
transformed in prioritizing a strong military, police and legal structures, and functions to
protect private property rights and ensure proper functioning of markets. If the markets
do not exist in the areas of land, water, education, health care, social security, and so on,
the state must take initiative in creating a market. After creating such markets, the state
should keep its activities to bare minimum without interfering with the functions of the
market for it to perform efficiently .Such thinking based on
Neoliberalism1(Neoliberalism refers to a political ideology that espouses economic
liberalism as a means of promoting economic development and securing political
liberty.) started occupying the minds, in a measured manner, in the policy circle
worldwide during the 1970s, which led to a major shift in the political–economic
practices, and started moving toward deregulation, privatization, and withdrawal of
state from many areas of social security, for. efficient governance, based on market
economy.
49. liberalism as a means of promoting (Choose the correct option)
(a) promoting economic development (b) securing political liberty
(c) Freedom of private enterprises (d) All the above
50. ……………… refers to a political ideology that espouses20 economic liberalism as a means
of promoting economic development and securing political liberty.
(a. Neoliberalism/ b. Liberalism)
51. State whether the given statement is true or false
While the beginning of the current economic liberalization policy in India could be
traced to the period much earlier than the 1990s.
52. Read the following statements
Assertion (A) and Reason ( R) Assertion (A) started occupying the minds, in a measured
manner, in the policy circle worldwide during the 1970s. Reason (R):which led to a
major shift in the political–economic practices, and started moving toward
deregulation, privatization, and withdrawal of state from many areas of social security,
for efficient governance, based on market economy.
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) are is true.
53. Liberalisation of the economy under the new economic policy changed the role of RBI
in the economy:
(a) from a 'regulator' to 'facilitator' of the financial sector
(b) from a 'controller' to 'manager' of the government debt
(c) both (a) and (b)
(d) none of these
54. The programme of economic reforms in India was started on ………………… .
(a) 26 th July 1990 (b) 23th July 1992 (c) 21th July 1991 (d) 24th July 1991
Q.No. 55-60 are to be answered on the basis of the following data:
As Goods & Services Tax completes four years of its implementation, the words of
our former Finance Minister, Arun Jaitley, in the Parliament’s Central Hall on the
midnight of 30 June 2017 still reverberates afresh in our ears “The goods and service
tax may be a destination tax, but for India it will begin an altogether new journey…”.
Indeed, for India, a completely new journey commenced on July 1, 2017 with goods
and services tax, being touted as one of the biggest economic reforms of
independent India, which set sail in the country after a decade of deliberations. The
voyage of four years has been a roller-coaster ride for all stakeholders with
equitable share of hits, misses and expectations.
Besides removing the cascading effect of taxation, one of the biggest hits in the
journey of GST has been the pursuit towards achieving an automated indirect tax
ecosystem. From electronic compliances, generation of e-invoices to tracking
movement of goods through e-waybill, everything is sought to be run online. E-
invoicing system is not only aimed at weeding out the rampant menace of fake
invoicing, but would also usher the taxpayers into a fully automated compliance
regime wherein the computation of tax liabilities and matching of input tax credit
would become very simple. This is no mean feat and not many countries in the
world have attempted or been able to achieve the implementation of such a large
scale and complex digital tax transformation project.
55. Goods and Services Tax Act, 2016, which came into effect from July 2017, is expected
to: (Choose the correct alternative) 21
a) generate additional revenue for the government.
b) reduce tax evasion.
 c) create ‘one nation, one tax and one market’
d) All of the above

56. GST is a ………………… based tax structure.

a) Destination based/ consumption based b) Production based
c) Both a&b. d) None of the above
57. Under GST How many standard rates are there.
a) One b) Five c) Four d) Two
58. How did GST remove ‘Cascading effect of taxation’?
a) By providing e way bill b) By providing input tax credit.
c) By reducing tax d) None of the above.
59. Which of the products are exempted from GST?
a) Petroleum b) Alcohol c) Fruits and vegetables d) All of the above.
60. When was demonetization introduced:
a) 8 November 2016 b) 9 November 2016
c) 8 November 2018 d) 8 november 2017
61. Give one example of ‘externality’ which reduces welfare of the people.
62. Differentiate between Injections from Leakages.
63. If the value of Average Propensity to Consume is 1.5, what will be the value of Average
Propensity to Save?
64. Find consumption expenditure from the following
Autonomous Consumption =Rs. 100
Marginal Propensity to Consume =0. 70
National Income = Rs. 1000
65. Explain the credit creation role of commercial banks with the help of a numerical.
66. C= 50+ 0. 5Y is the consumption function of an economy, where C is consumption
expenditure And Y is National Income and investment expenditure is Rs. 2000 in an
economy. Calculate
(i) Equilibrium level of National Income.
(ii) Consumption expenditure at equilibrium level of National Income.
67. Bring out the differences between human capital and human development.

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HOLIDAY HOMEWORK : 2022-23

Make a formula sheet containing all the derivatives, principal value branches of each
inverse trigonometric functions and properties of inverse trigonometric functions.

1. If f : R→ R defined as f(x) = (2x – 7)/4 is an invertible function, find f–1.

2. If f : R→ R and g : R→ R are defined respectively as f(x) = x 2 + 3x + 1 and g(x) = 2x –3,
find (a) fog , (b) gof.
22
3. Show that the relation R defined by (a, b) R (c, d) => a + d = b + c on the set N×N is an
equivalence relation.
4. Solve for x:

5. Prove the following:

(0 < xy, yx, zx < 1)

6.

7.

8.

9.

10.

11. If show that

12.
13. Find the point on the curve y2 = 2x which is at a minimum distance from the point (1, 4).
14. Find the volume of the largest cylinder that can be inscribed in sphere of radius ‘r’.

15. Show that the triangle of maximum area that can be inscribed in a given circle is an equilateral
triangle.
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HOLIDAY HOMEWORK : 2022-23

Chapter2 : Data Handling using Pandas -I

1. In pandas ‘S’ is a series with the following result:
import pandas as pd
S=pd.Series([5,10,15,20,25],index=[‘a’, ‘n’, ‘h’, ‘e’, ‘y’])
Find the output of the following: 23
(i) print(S[1,2]) iii)print(S[ :-3])
(ii) print(S.iloc[-4:3]) iv) print(S.loc['n':'e'])
2. Suppose you are given a dataframe df.
df = pd.DataFrame({'Click_Id':['A','B','C','D','E'],'Count':[100,200,300,400,250]})
Now you want to change the name of the column ‘Count’ in df to ‘Click_Count’.
So, for performing that action you have written the following code.
df.rename(columns = {'Count':'Click_Count'})
What will be the output of print statement below?
Note: Pandas library has been imported as pd.
print (df.columns)
3. Write the output of the code:
cities = pd.DataFrame( [[2463431, 2878.52], [1392609, 5110.21], [5928040, 5905.71]],
columns=['population', 'area'], index=pd.Index(['Vancouver','Calgary','Toronto'],
name='city'))
print(cities)
4. Write the output of the following :
import pandas as pd
S1=pd.Series([1,2,3,4])
S2=pd.Series([7,8,9,10])
S2.index=['a','b','c','d']
print((S1+S2).count())
5. For a given DataFrame ‘Students’ given below.

a) What will be output of Students[2:5]?

b) Which command will display rows 2 to 4 (Both inclusive), with ‘BST’ and ‘ACC’
columns only.
c) Add a column ‘Percentage’ and display the df by calculating the percentage.
d) Display all the marks of ‘Dhruv’ and ‘Vasu’
6. Consider the following DataFrame df and answer any four questions:

(i) Write down the command to find minimum value along the columns for each row.
(ii) Write the python statement to delete column wheat.
(iii) Write the python statement that will change value of ‘7152’ Fruits column of row
Punjab into 9658.
7. What will be the output of following code:
dt=({'Name':['Akshit','Bharat','Chetan','Dhaval','Gaurang'],
24
'InternalMarks':[18,19,20,18,19], 'AnnualExam':[76,78,80,76,73]})
 df=pd.DataFrame(dt)
print(df.iloc[0:2,0:2])
8. Write a code in Python to search for a given value in a list of elements(Without using
inbuilt function)
Example: If the List contains: [20,30,40,50,60,80,120] and the element to be searched
is:60 Then the output should be: Found at position 4
9. Help Kavitha to write the correct command to delete a column ‘pub’ from ‘book’
dataframe.
10.

Note:
➢ Complete the record work that will be posted in TEAMS
➢ Complete the worksheet given in the notebook and submit it on the day of opening to the
concerned teacher.

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HOLIDAY HOMEWORK : 2022-23

A. Differentiated worksheet

1. How is ‘Aptitude’ different from ‘interest1 and intelligence?

2. What is IQ? Find out the formula for IQ.
3. Discuss various types of intelligence tests.
4. Explain briefly the multiple intelligences identified by Gardner.
5. What is trait approach to personality? How does it differ from type approach?
6. How do you define personality? What are the main approaches to the study of
personality?
7. How does Freud explain the structure of personality?
8. Discuss the main observational methods used in personality assessment. What problems
do we face in using these methods?
9. What is meant by structured personality tests? Which are the two most widely used
structured personality tests?

B. Art Integrated Project:

1. Draw a flow chart of Relation of Stress with illness , and explain the Stress Management
Techniques by mentioning the procedures in each 25 techniques.
C. Investigatory Project: Conduct a case study on personality types, and assess the Personality
of an individual using self –report measure and one Behavioral analysis (EPQ-R and Interview)

Topic:- The relationship between life events and sense of coherence in adolescence.

Outline of the Study should include:

Abstract, Keywords.
1. Introduction 2. Method 3. Results 4. Discussion. Declaration of Competing Interest,
Acknowledgements, Appendix and References.

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26