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CBSE Class 11 Pre Board 2021 : Business Studies - Prelim (CBSE Gulf Sahodaya Qatar Chapter, Doha)

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PREBOARD EXAMINATION 2020-21 Class: XI (CBSE) Date . Total Marks: 80 SUBJECT - BUSINESS STUDIES Time: 3 hrs. GENERAL GUIDELINES: a) Question No. 1-20 are Objective Type/ MCQ questions carrying 1 mark each. b) Question No. 21-25 are short answer I questions carrying 3 marks each. Answers to these questions may be in 50 to 75 words. c) Question No. 26-28 are also short answer II questions carrying 4 marks each. Answers to these questions may be in about 120 words. d) Question No. 29 - 31 are long answer I questions carrying 5 marks each. Answers to these questions may be in about 150 words. e) Question No. 32-34 are very long answer II questions carrying 6 marks each. Answers to these questions may be in about 200 words. f) There will be Internal Choice in questions of 3 marks (1 choice), 4 marks (1 choice), 5 marks (2 choices) and 6 marks (2 choices). In all, total 6 internal choices g) Marks for questions are indicated against each question. h) Answers should be brief and to the point, and the above word limits should be adhered to as far as possible. i) All questions are compulsory. 1. The Karta in joint Hindu family business has (a) Limited liability (b) Unlimited liability (b) No liability (d) Joint liability 1 2. The occupation in which people work for others and get remunerated in return is known as (a) Business (b) Employment (c) Profession (d) None of them 1 3. Earthquake comes under which type of risk: (a) Natural cause risk (b) Economic cause risk (c) Human cause risk (d) Physical cause risk 1 4. Global products is involved in soap and shampoo manufacturing. In which industries is the company 1 involved. Page 1 of 4 (a) Synthetic Industry (b) Analytical Industry (c) Extractive Industry (d) Processing Industry 5. A partner whose association with the firm is unknown to the general public is called (a) Active partner (b) Sleeping partner (c) Nominal partner (d) Secret partner 1 6. The capital of a company is divided into number of parts each one of which is called (a) Dividend (b) Profit (c) Interest (d) Share 1 7. Oligarchic management is related to which form of business organisation? (a) Cooperative society (b) Company (c) Hindu undivided family business (d) Partnership 1 8. Both public limited company and private limited company require various legal documents for its 1 formation. In relation to it a few documents are given below. Identify which of the following document are applicable to public limited company alone a. Memorandum of Association b. Articles of Association c. Prospectus d. Table A All Business risk can be insured. Is this true or false. 1 9. 10. Maximum number of members in case of a public company is 1500.Is this statement true or false. 1 11. While on a study tour Raghav purchased a helmet for Rs 500 when he returned home his friend Varun 1 offered Rs 650 for it and he sold it to him. Is it a business activity? Give reasons. 12. Internal sources of capital are generated ____________________. 1 a. from commercial papers b. within the business c. through debentures d. All of b above 13. List any one source of short-term finance. 1 14. Application of approval of name of a company is to be made to (a) SEBI (b) Registrar of Companies (c) Government of India (d) Government of the state in which company is to be registered. 1 Page 2 of 4 15. Debenture represent (a) Fixed capital of the company (b) Permanent capital of the company (c) Fluctuating capital of the company (d) Loan capital of the company 1 16. The maturity period of a commercial paper usually ranges from (a) 20 to 40 days (b) 60 to 90 days (c) 120 to 365 days (d) 90 to 364 days 1 17. Name the trader who serves as the link between producers and retailers. 1 18. Name the trader who directly deals with the consumers. 1 19. How much do small industries in India account for the total industrial units? 1 20. How much do small industries contribute to total export from India? 1 21 Mr. Sumit Grover owns an ancestral house in Goa. On the advice of his friend, he converted it into a 3 hotel after renovation. The hotel was running smoothly and revenue from the hotel helped to increase his income. On his death the property (hotel) was inherited by his three sons. Eldest son - Raj, Second-Sameer and Youngest son-Rahul who continued the business as Joint Hindu Family Business. (i) Name the law which govern the Joint Hindu Family Business. (ii) Who among the three brothers has right to control the business. (iii) What will be liability of three brothers? 22. State the important features of supermarkets. 3 23. Describe the role of small business in rural India. 3 OR Identify any 6 major industry groups in the small sector in India. 24. State three difference between Debentures and Shares. 3 25. Mention any 3 examples of statutory corporation? 3 26. Rajiv wants to start a wholesale business of readymade garments, but he is hesitating as it involves 4 various problems such as searching for customers, for moving goods from place of production to market, informing customers about new designs and varieties added every season, threat of risk loss by fire or accident, storing the excess stock of goods, etc. He approaches his friend Sandeep who explained him about some branches of commerce, which can help Rajiv to overcome his hesitation. (a) State the type of business Rajiv is planning to start. (b) State which dimension of business can help Rajiv to overcome these hindrances. (c) Specify different types of Auxiliaries to trade which can help Rajiv to overcome his problems. Page 3 of 4 Quote the line for each type from above para. 27. Itinerant traders have been an integral part of internal trade in India. Analyze the reasons for their 4 survival in spite of competition from large scale retailers. 28. State the important privileges available to a private company. 4 OR A company is said to be an artificial person created by law having a separate entity with perpetual succession and a common seal. Discuss the above statement. 29. Promoter plays a significant role in the formation of a company . In the light of the above statement 5 explain any five functions performed by the promoter. 30. Explain any 5 services offered by retailers to consumers. 5 31. Distinguish between a Memorandum of Association and Articles of Association. 5 OR Raj, Rohan and Rahul are good friends. Raj is working as a doctor in a private hospital and getting salary Rs 2, 50, 000 per month. Rohan is a farmer and producing 50 quintals wheat for his own consumption. Rahul is working as a teacher in a school and getting salary Rs 50,000 per month. In addition to that Rahul teaches some slum area children in the evening and does not charge anything from them. It gives him a psychological and mental satisfaction. a. Which type of human activity is performed by Raj? Also quote the lines to show this. b. Which type of human activity is performed by Rohan? Also quote the lines to show this. c. Quoted from the lines from the above paragraph which types of human activities are performed by Rahul. 32. Compare business, profession and employment on the basis of: a. Commencement b. Qualification c. Investment d. Risk e. Transfer of interest f. Main objective 6 33. Difference between Home Trade and International Trade. 6 34. Mail order houses provide a lot of convenience to the customers yet they are not very popular 6 Explain. OR What are your thoughts on social responsibility? Mention your arguments for it. -END- Page 4 of 4

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