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ICSE Board Exam 2003 : Commercial Applications

4 pages, 29 questions, 22 questions with responses, 23 total responses,    0    0
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COMMERCIAL APPLICATIONS - 2003 (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. Section A is compulsory. Attempt any four questions from Section B. The intended marks for questions or parts of questions are given in brackets [ ]. S ECTION - A Attempt all questions from this Section. Question 1 Distinguish between the following: (a) Advertising and Publicity. [2] (b) Promissory Note and Cheque. [2] (c) Trading and non-trading concerns. [2] (d) Book Keeping and Accounting. [2] (e) Shut down cost and sunk cost. [2] Question 2 (a) M ention two trade practices that are considered monopolistic. [2] (b) A person is recruited in a training centre where the actual job conditions are simulated. Name the training technique use. [2] (c) How are recruitment and selection interlinked? [2] (d) What was the need for passing the Consumer Protection Act, 1986? [2] (e) What is meant by 'indirect material'? Give two examples. [2] Question 3 (a) How does the preparation of a budget help the management of a company? [2] (b) With the help of an example, explain the clearing house function of the Reserve Bank of India. [2] (c) With the help of diagram, explain the accounting cycle. [2] (d) What advantages do external sources of recruitment have over internal sources. [2] (e) What is meant by Inventory (stock) Turnover Ratio? [2] Question 4 (a) How is 'Demand Assessment' important to an Organisation? [2] (b) What precautions need to be taken while packaging a product? [2] (c) M ention two advantages of branding. [2] (d) Explain briefly the principle of accounting on which the following equation rests: Assets = Liabilities + Capital A [2] (e) What are the expectations of the Government from a business concern? [2] S ECTION - B Attempt any four questions from this section. Q uestion 5 Explain any four Canons of Taxation. Why are both direct and indirect taxes required to develop an equitable and productive tax structure? [10] Question 6 What is meant by Performance Appraisal? Explain the system of the performance Appraisal. [10] Question 7 A company has come up with a revolutionary detergent powder. What advertising strategy should the company adopt?M ention the various media to be utilised, giving reason for the same. [10] Question 8 M ention five problems of trade unions in India. Suggest suitable measures that can be adopted to solve the problems stated by you. [10] Question 9 (a) M r. Shasan is the owner of a factory manufacturing oil and soaps. He has employed Ramu, aged 13 years, in the soap manufacturing department. Ramu's work timings are from 2 p.m. to 9 p.m. with a break of half an hour at 6p.m. He has to work all seven days of the week. In this context, answer the following questions: (i) What are the details that M r. Shasan needs to maintain in his register regarding the employment of Rarnu? [3] (ii) How has M r. Shasan violated the laws that are applicable in India? [2] (iii) What measures should M r. Shasan take in his factory for the safety of his employees? [2] Q uestion 9 (b) M ention any two example of restrictive trade practices. [2] Question 10 What is meant by marketing? Explain any four key marketing functions. [10]

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 2003 : COMMERCIAL APPLICATIONS - I.C.S.E. Free Online Question Paper
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