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ICSE Class X Board Exam 2020 : Commercial Studies

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Indian Certificate of Secondary Education (ICSE), New Delhi

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COMMERCIAL STUDIES (Two Hours) Answers to this Paper must be written on the paper provided separately. You will not be allowed to write during the first 15 minutes. This time is to be spent in reading the question paper. The time given at the head of this Paper is the time allowed for writing the answers. Attempt all questions from Section A and any four questions from Section B. The intended marks for questions or parts of questions are given in brackets [ ]. SECTION A (40 Marks) Attempt all questions from this Section Question 1. Distinguish between: (a) Advertising and Publicity [2] (b) Capital and Revenue expenditure [2] (c) Equity shares and Preference shares [2] (d) Internal and External Stakeholders [2] (e) Central Bank and Commercial Bank [2] Question 2. (a) What is E-tailing? [2] (b) What are Fixed Costs? [2] (c) What is a Budget? [2] (d) Briefly explain Provident Fund. [2] (e) State two advantages of internal recruitment. [2] This paper consists of 4 printed pages. T20 631 Copyright reserved. Turn over Question 3. (a) State two advantages of Campus Recruitment as an external source of [2] recruitment. (b) What do you mean by E-security? [2] (c) What is meant by Industrial Relations? [2] (d) Briefly explain the principle of Utmost good faith of insurance. [2] (e) The Central Bank is a banker s bank. Explain in brief. [2] Question 4. (a) Briefly explain any two types of Selection tests. [2] (b) What are Bonded Warehouses? [2] (c) What do you mean by Insurance? [2] (d) State any two features of the Consumer Protection Act. [2] (e) Explain in brief Credit Card Fraud. [2] SECTION B (40 Marks) Attempt any four questions from this Section Question 5. (a) Explain any five objectives of Marketing. [5] (b) What is ERP? Explain any three modules of the ERP System. [5] T20 631 2 Question 6. (a) State any five expectations of employees from a business organization. [5] (b) Describe any five utilities of a budget. [5] Question 7. (a) Explain any five merits of road transport. [5] (b) Explain: [5] (i) ATM (ii) Debentures Question 8. (a) Explain any five features of the Environment Protection Act. [5] (b) Briefly, explain any five benefits of advertising to producers. [5] Question 9. (a) What are the various ways by which consumers are exploited? [5] (b) Explain: [5] (i) NEFT (ii) RTGS T20 631 3 Turn Over Question 10. From the following Trial Balance of A. B. Chandra as on 31st December, 2019. [10] Trial Balance of A. B. Chandra as on 31-12-2019 Particulars Amount (Dr.) Particulars Amount (Cr.) Cash in Hand 2,000 Discount Received Drawings 2,800 Capital Opening Stock (01/01/2018) 4,000 Purchases Returns Wages 2,000 Sales 83,000 Cash at Bank 3,500 Creditors 15,000 Insurance 700 Bank Loan Trade Expenses 750 40,000 1,250 10,000 1,200 Furniture 20,000 Buildings 61,000 Salaries 5,000 Discount Allowed 750 Sales Returns 3,000 Purchases 31,250 Debtors 10,000 Telephone Charges 1,000 Bills Receivable 1,800 Total 1,50,000 1,50,000 The closing stock was valued at 12,000. You are required to prepare a Trading Account and a Profit and Loss Account for the year ending 31st December, 2019 and a Balance Sheet as on 31st December, 2019. T20 631 4

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