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THE INDIAN PUBLIC SCHOOL II MODEL EXAMINATION, JANUARY 2015 COMMERCIAL STUDIES Marks : 80 Time : 2 hrs Grade : X Candidates are allowed additional 15 minutes for only reading the paper. You will not be allowed to write during the first 15 minutes. This time is to 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 part of questions are given in brackets []. ------------------------------------------------------------------------------------------------------------------ SECTION A (40 Marks) Attempt all questions from this section. Question 1 Distinguish between: (a) A stakeholder and a customer [2] (b) A Warehouse Receipt and a Warehouse warrant [2] (c) Brand loyalty and equity [2] (d) Revenue receipt and capital receipt [2] Question 2 (a) State the importance of preparing Trading Account. [2] (b) What is meant by Discounting bills facility given by a Commercial Bank? [2] (c) State any two advantages of Air transport [2] (d) State any two objectives of preparing a Balance sheet. [2] Page 1 Of 2
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