Manorama

gadag
Academic Session 2023-2024
Roll No........................ Date........................
MID TERM 1ST YEAR

Total Time: 3 Hrs 15 Mins Max Marks: 120

General Instructions
This Question Paper is Divided into 4 Sections
Section A Consists of 20 Questions
Section B Consists of 10 Questions
Section C Consists of 10 Questions
Section D Consists of 5 Questions

Standard/Class: 11th Subject: BUSINESS STUDIES

Section A

Objective(MCQ) - (1 Marks)
1. Which of the following has 51% of the capital share by government? [1]
a) Departmental Undertaking b) Government Company
c) Statutory Corporation d) None of the above.
2. Name the form of business organization found only in India. [1]
a) Sole Proprietorship b) Partnership c) Joint Hindu Family d) Cooperatives.
3. BMW and Toyota collaborate to pursue research on hydrogenfuel cells, vehicle electrification and ultra lightweight [1]
materials. This is an example of
a) Partnership b) Public private partnership c) Joint venture d) Cooperative society.
4. The uncertainty of rewards and a possibility of loss are known as: [1]
a) Risks b) Rewards c) Profits d) None of these.
5. Industries can be classified into primary, secondary and: [1]
a) Banking b) Tertiary c) Export d) None of these.
6. Steel Authority of India Limited (SAIL) is an example of: [1]
a) Departmental Undertaking b) Government Company
c) Statutory Corporation d) None of the above.
7. Memorandum of Understanding (MOU) is a term used in context of: [1]
a) Public Private Partnership b) Joint Venture
c) changing role of public Sector d) All of the above.
8. Buying of goods from a foreign nation for futher selling them to a third nation is known as: [1]
a) Import b) Export c) Trade d) Entrepot.
9. There are services which are experienced differently by different customers. These kind of services depend upon [1]
customers preferences and demands, and are known as:
a) Personal services b) Social services c) Business services d) Financial services.
10. ___________________ is a prerequisite for implementation of e-business. [1]
a) Website b) Virtual private network c) Anti-virus d) Payment mechanism.
11. The karta in Joint Hindu family business has: [1]
a) Limited liability b) Unlimited liability c) No liability for debts d) Joint liability.
12. As per the basic principle of the fire insurance policy, it is the primary duty of the insured to take reasonable steps to [1]
prevent fire from occuring and to minimise the losses or damage to the insured property. It is the duty of the insured to
behave with great prudence and not to be careless just because he has an insurance cover. This principle is known as
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 the principle of:
a) Indemnity b) Proximate cause c) Subrogation d) Mitigation.
13. Many Indian companies have gone global and now can be classified as a MNC. Which of the following MNC is not Indian? [1]
a) Hindustan Unilever b) Asian Paints c) Piramal Health care d) Infosys.
14. When a customer claims that he has made payment but the seller does not get it, it is called: [1]
a) Default on Delivery b) Default on Order Taking c) Bed Debts d) Default on Payment.
15. The industries which provide support services to other industries are known as [1]
i) Primary industries ii) Secondary industries
iii) Commercial industries iv) Tertiary industries

Subjective - (1 Marks)
16. How does a cooperative society obtain its capital? [1]
17. What are private sector banks? [1]
18. Which form of organisation is most suitable in case the business requires huge amount of capital? [1]
19. What are public sector banks? [1]
20. Match the following with the correct option. [1]
S.No. S.No.
I. Departmental undertakings (i) Control of individuals
II. Statutory corporations (ii) lndependent control
III. Governent company (iii) lndirect parliamentary control.
IV. Private sactor companies (iv) Government control
Codes:
S.No. I II III IV
(a) (i) (iii) (iv) (ii)
(b) (ii) (i) (iv) (iii)
(c) (ii) (iii) (iv) (i)
(d) (iii) (ii) (iv) (i)

Section B

Subjective - (2 Marks)
21. Define one person company. Explain it salient features. [2]
22. State any three differences between e-business and traditional business. [2]
23. Give the features of limited partnership. [2]
24. Laksha Limited issued prospectus, inviting people to subscribe for its shares. It came up with public issue of ₹ 30 [2]
crores of ₹ 30 lakh shares worth ₹ 100 each. It received applications for ₹ 15 lakh shares. Should the company proceed
with allotment of shares.
25. Explain the principle of "One Man One Vote." [2]
26. Services are those separately identifiable, essentially intangible activities that provide satisfaction to the consumers. In [2]
context to business, how can you define services?
27. Why is the principle of indemnity not applicable to life insurance? [2]
28. Give the full form of: [2]
i) EDI ii) Pos iii) STD iv) ISD v) VSNL vi) UPC vii) BSNL
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29. What is the meaning of ‘Certificate of Incorporation’? [2]
30. Explain any two business activities which are auxiliaries to trade. [2]

Section C

Subjective - (4 Marks)
31. What functions does insurance perform in context to the modern world of business? [4]
32. Differentiate between traditional business and e-business. [4]
33. "MNCs are in a position to exercise massive control on an economy." Substantiate. [4]
34. Explain the meaning and give any five features of statutory corporation. [4]
35. State the various types of organisations in the private sector. [4]
36. Explain the meaning of a government company. In what circumstances, is it a suitable form of public enterprise? [4]
37. Does e-business and e-commerce means the same? What differences are observed amongst the two? [4]
38. Discuss the merits and demerits of Departmental Undertaking. [4]
39. Compare the status of a minor in a Joint Hindu family business with that in a partnership firm. [4]
40. Describe briefly the data storage and transmission risks in e-business. [4]

Section D

Subjective - (8 Marks)
41. What is meant by the term ‘Promotion’. Discuss the legal position of promoters with respect to a company promoted by [8]
them.
42. Write a note on various telecom services available for enhancing business. [8]
43. Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of [8]
form of organisation.
44. What is e-banking. What are the advantages of e-banking? [8]
45. Write a short note on Indian insurance sector. [8]

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