DIVINE ENGLISH SCHOOL & JR.
COLLEGE, KALHER
SECOND SEMESTER EXAM 2023-24
SUBJECT:- S.P.
DATE :- 05/04/2024 MARKS :- 80 MARK
TIME :- 3:00 HOUR STD :- XI COM
Q. 1. A) SELECT THE CORRET OPTION AND REWRITE THE SENTENCE. (05)
1) ___________ regulates the functioning of stock exchange in India
(a) SEBI (b) MCA (c) ROC
2) _____________ account is suitable to salaried account.
(a) Savings (b) Current (c) Fixed
3) The gap between two consecutive board meetings should not be more than _____ days
(a) 120 (b) 110 (c) 130
4) A unique internet address of website is known as ___________
(a) world wide web (b) Uniform resource locator (c) .com
5) ___________ is a unique identification number required to be a director.
(a) PIN (b) DIN (c) TIN
Q. 1. B) GIVE ONE WORD/PHRASE/TERM: (05)
1) Authority which issues certificate of incorporation to company.
2) The type of account for which higher frate of interest is paid to bank depositors.
3) A written invitation given to the director to attend the meeting.
4) A meeting of shareholders which is held once a year.
5) The body of elected representatives of company.
Q. 1. C) STATE TRUE OR FALSE: (05)
1) Generally, no interest is paid by bank on current account.
2) It is necessary to instruct the bank to stop payment of a cheque which is lost.
3) Director’s act as a trustee of company.
4) A letter should have minimum folds.
5) Promoter of the company cannot be an independent director.
Q. 1. D) FIND THE ODD ONE: (05)
1) Woman director, Promoter, Executive director.
2) Overdraft, Fixed deposits, Discounting of bill, Cash credit.
3) Paper, Margin, Typing, Courtesy.
4) Date, inside address, Conciseness, Subject.
5) Annual general meeting, Extra ordinary general meeting, Board meeting.
Q. 2. EXPLAIN THE FOLLOWING TERMS / CONCEPTS: (ANY 4) (08)
1) SEBI (securities and exchange board of India)
2) Discounting of bill
3) Conciseness
4) Virtual meeting
5) Independent director
Q. 3. STUDY THE FOLLOWING CASE/ SITUATION AND EXPRESS YOUR OPINION: (ANY 2) (06)
1) Platinum limited company was incorporated on 1st Jan. 2018. Advice the board of directors on the following
matters.
a) Within what period should the company hold its 1st annual general meeting?
b) At which place should the annual general meeting be held.
c) How many days in advance should the notice and agenda be sent to members?
2) Mr. A is a commerce graduate. He has vast experience in the field of finance and financial market. He wishes
to become director of PQR co ltd.
a) is he required to obtain DIN?
b) can PQR co. Ltd object to his directorship on lack of specialized qualification?
c) if he is appointed as director of PQR co. ltd, is he entitled to remuneration?
3) XYZ ltd. Co. sent notice of its annual general meeting to its members. In the meeting a resolution is to be
passed on altering the articles of association.
a) Should agenda also be sent with notice?
b) What type of resolution is needed to alter the articles?
c) Should the resolution for altering articles be filed with registrar of companies?
Q. 4. DISTINGUISH BETWEEN: (ANY 3) (12)
1) Annual General Meeting and Extra Ordinary General Meeting.
2) Fixed Deposits and Recurring Deposits.
3) Current Account and Savings Account.
4) Agenda and Minutes.
Q. 5. ANSWER IN BRIEF: (ANY 2) (08)
1) Explain the different types of deposits.
2) State any four essentials of good business letter.
3) State the importance of minutes.
Q. 6. JUSTIFY THE FOLLOWING STATEMENTS: (ANY 2) (08)
1) The bank accepts two types of deposits from public i.e. Demand and Time deposits.
2) Written communication is very useful to the organizations.
3) As per Companies act every company has to hold the annual general meeting.
Q. 7. ATTEMPT THE FOLLOWING: (ANY 2) (10)
1) Write a reply to a complaint by investor.
2) Write a letter to bank to stop payment of cheque.
3) Draft the notice and agenda of routine board meeting.
Q. 8. ANSWER THE FOLLOWING: (ANY 1) (08)
What is voting? Explain its different types in detail.
Or
Explain the term Director and its types in detail.
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