Formatting page ...
PRELIMINARY EXAMINATION, JANUARY 2023 ~COMMERCIAL STUDIES~ STD. X Maximum Marks: 80 DATE: 17/01/2023 Time allowed: 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 (Attempt all questions from this Section.) Question 1 Choose the correct answers to the questions from the given options. [16] (Do not copy the question, write the correct answers only.) (i) Who among the following are internal stakeholders? (a) Suppliers (b) Creditors (c) Government (d) Employees (ii) ________________ is a social and managerial process by which individuals and groups obtain what they need and want through creating, offering, and exchanging products of value with others. (a) Selling (b) Marketing Page 1 of 6 Std. X Commercial Studies (c) Sales Promotion (d) Advertising (iii) Which of the following statements is true about products? (a) Products are always durable. (b) Ownership of products is not transferrable. (c) Products can be stored and replaced. (d) Quality of products is difficult to control and measure. (iv) Which right emphasises that the consumer must be made aware of his rights and the remedies available under the different laws? (a) Right to Seek Redressal (b) Right to be Heard (c) Right to Consumer Awareness (d) Right to be Informed (v) ________________ are costs which do not vary proportionately but do not remain constant with changes in the volume of output. (a) Fixed Costs (b) Variable Costs (c) Semi-Variable Costs (d) Indirect Costs (vi) ________________ is not a method of on-the-job training. (a) Job Instruction Training (b) Vestibule Training (c) Apprenticeship Training (d) Job Rotation (vii) Which of the following statements is not true about shares? (a) Each share has a distinct number. (b) Each share has a nominal value. (c) It creates certain liabilities on its holder. (d) Interest on all shares is paid at a fixed rate. (viii) ________________ means procuring cash from a bank in exchange for credit instruments wherein the amount remitted by the bank is lesser than the face value of the actual investment. (a) Term Loan Page 2 of 6 Std. X Commercial Studies (b) Cash Credit (c) Discounting of Bills of Exchange (d) Bank Overdraft (ix) Which of the following are internal sources of recruitment? (a) Promotions and Recommendations (b) Reemployment and Recommendations (c) Promotions and Transfers (d) Transfers and Direct Recruitment (x) _________________ is a contract of indemnity whereby the insurance company undertakes to indemnify the insured for the loss or damage to the ship or cargo or freight on account of marine adventure. (a) Life Insurance (b) Health Insurance (c) Fire Insurance (d) Marine Insurance (xi) IMPS stands for _________________. (a) Immediate Money Payment Service (b) Immediate Mobile Payment Service (c) Immediate Money Payment System (d) Immediate Mobile Payment System (xii) The main object of advertising is: (a) To increase immediate sales. (b) To create a favourable public opinion about the organisation and its activities. (c) To stimulate and create demand for production or service. (d) To ensure growth and stability of the firm. (xiii) _________________ is an example of revenue expenditure. (a) Expenses incurred to move the business to a more convenient place. (b) Expenses incurred to acquire goodwill. (c) Replacement of worn-out parts of existing machines. (d) Heavy advertisement expenses. Page 3 of 6 Std. X Commercial Studies (xiv) __________________ means a financial statement which sets out the assets and liabilities of a trading or non-trading organisation on a particular date. (a) Profit and Loss Account (b) Trading Account (c) Trial Balance (d) Balance Sheet (xv) The ________________ budget forms the fundamental basis on which all other budgets are built up. (a) Production (b) Purchase (c) Master (d) Sales (xvi) Balance between Demand and Supply, Ready Market, Transfer of Funds, etc. are ________________. (a) Functions of Warehouses (b) Objectives of Marketing (c) Functions of Capital Market (d) Techniques of Sales Promotion Question 2 Distinguish between (i) Traditional Business and E-Business [2] (ii) Fixed Cost and Variable Cost [2] (iii) Private Warehouse and Public Warehouse [2] (iv) Debit Card and Credit Card [2] Question 3 (i) Explain the importance of consumer awareness. [2] (ii) What are Capital Receipts? Give examples. [2] (iii) Explain E-Marketing. [2] (iv) Explain Indirect Cost. [2] Page 4 of 6 Std. X Commercial Studies Question 4 (i) What is a Capital Market? [2] (ii) Selection is said to be a negative process. Explain. [2] (iii) State two disadvantages of internal recruitment. [2] (iv) How is the Principle of Indemnity different from the Principle of [2] Insurable Interest? SECTION B (Attempt any four questions from this Section.) Question 5 (i) State any five expectations of suppliers from a commercial organisation. [5] (ii) What is an Advertising Agency? [5] Explain any three functions of an Advertising Agency. Question 6 (i) Budgets are extremely useful to the management. Explain. [5] (ii) Write short notes on: [5] (a) Mobile Wallets (b) Intellectual Property Fraud Question 7 (i) Discuss any five advantages of road transport over air transport. [5] (ii) Distinguish between Shareholders and Creditors as stakeholders of a [5] commercial organisation. Question 8 (i) Briefly explain any five objectives of Pricing. [5] (ii) Explain the Clearing House function of the Central Bank of India. [5] Page 5 of 6 Std. X Commercial Studies Question 9 (i) Describe any five techniques of Sales Promotion with examples. [5] (ii) Write short notes on: [5] (a) RTGS (b) Principle of Contribution (in insurance) Question 10 The Trial Balance of Mr. M. Gupta shows the following balances on 31st March, [10] 2019. Trial Balance as on 31st March, 2019 Particulars Amount (Dr.) Particulars Amount (Cr.) Stock (1/4/2018) 27,200.00 Capital Account Sundry Debtors 81,000.00 Bills Payable 48,270.00 Bills Receivable 32,910.00 Sundry Creditors 75,810.00 Purchases 1,04,920.00 Sales 1,80,000.00 1,24,390.00 Returns Inward 10,000.00 Returns Outward Cash in Hand 14,000.00 Commission 3,900.00 Cash at Bank 19,000.00 Discount 6,270.00 Machinery 67,100.00 Building 52,900.00 Insurance 1,190.00 Postage 1,320.00 Salaries 14,000.00 Carriage 4,000.00 Wages 12,000.00 15,100.00 Depreciation Total 6,000.00 4,50,640.00 4,50,640.00 Stock on 31/3/2019 is valued at Rs. 79,290. You are required to prepare a Trading Account and a Profit and Loss Account for the year ending 31st March, 2019 and a Balance Sheet as on 31st March, 2019. ___________________________________________________________________________ Page 6 of 6
|
