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ICSE Board Exam 2016 : Commercial Studies

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Niloy Biswas
Goenka College of Commerce and Business Administration, Kolkata
ICSE, ISC( Commerce), B'Com(Hons), MA Economics
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HIMALAYAN INTERNATIONAL RESIDENTIAL SCHOOL 1st PRE BOARD EXAMINATION 2015 2016 COMMERCIAL STUDIES Time: 02:00Hrs. CLASS 10 Name: ........................................................... DATE: ../ . / 2015 Max. Marks: 80 Candidates are allowed additional 15 mins for only reading the paper. They must NOT start writing during this time. Answer all questions from Section I and any four questions from Section II. The intended marks for questions are given in brackets [ ]. Section I (40 Marks) Attempt all questions from this Section Question 1 (a) Distinguish between: Stake holders and Share holders. [2] (b) Formal communication and informal communication. [2] (c) Standardisation and Grading. [2] (d) Internal Recruitment and External Recruitment. [2] (e) A Warehouse receipt and a Warehouse warrant. [2] Question 2 (a) What is meant by Deferred Revenue Expenditure? [2] (b) What do you mean by Sale on approval or Return? [2] (c) State two limitations of a budget. [2] (d) What is meant by an Overdraft facility given by a Commercial Bank? [2] (e) Give two examples of efficient and eco friendly technology. [2] Question 3 (a) List two features of Receipts and Payments Account. [2] (b) Give any two merits of water transportation. [2] (c) Selection is a negative process. Explain. [2] (d) What is a Provident Fund Scheme? [2] (e) How does a status barrier affect effective communication? [2] Page 3 [Turn Over] Question 4 (a) Give any two reasons for workers joining a Trade Union. [2] (b) What is discounting of Bills of Exchange? [2] (c) Mention any two documents used in Warehousing. [2] (d) What is meant by Industrial Disputes? [2] (e) Name any two methods of market research. [2] Section II (40 Marks) Attempt any four questions from this Section Question 5 (a) Write any five expectations of Associates or Competitors from a Business Enterprise. [5] (b) Describe any two objectives of Brand Promotion. [5] Question 6 (a) Give any five reasons why people consider advertising a Social waste. [5] (b) Explain any two types of employment tests which are conducted to select employees for an enterprise. [5] Question 7 (a) Mention any five differences between a commercial bank and the central bank of a country. (b) [5] Briefly explain any five factors a businessman should keep in mind while selecting a suitable mode of transport. [5] Question 8 (a) Explain any five objectives of Industrial Relations. [5] (b) Explain five main characteristics of communication. [5] Question 9 (a) Explain any five utilities of a budget. [5] (b) Explain the following principles of an Insurance contract: (i) Indemnity, (ii) Utmost good faith. [5] Page 3 [Turn Over] Question 10 The following is the trial balance obtained from the books of Mr. Alok as on 30th June, 1980. You are required to prepare the final account. Debit (Rs.) Capital -- Drawing [10] Credit (Rs.) 50,000 1,000 Opening Stock 28,000 Loose tools as on 1.7.79 1,000 Debtor and Creditor 25,000 15,000 Purchases and Sales 90,000 1,72,000 Returns 750 550 Discounts 250 300 Land & Building 88,000 Salaries & Wages 33,000 Carriage Inward 1,200 Carriage Outward 1,500 Insurance 1,000 Commission 18,550 Cash in Hand 1,700 Bank Overdraft 20,000 Advertisement 2,000 Bills Receivable & Bills Payable 7,500 2,81,900 2,81,900 Closing stock was valued at Rs. 25,000 Page 3 [Turn Over]

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