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ICSE Class IX Board Exam 2024 : Commercial Studies

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Taronish Mullan
Villa Theresa High School (VTS), Mumbai

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IIStd. IX 1 I '.}}ilia 'mbere~a J,iglJ ~cbool Date: 16.2.2024 FINAL EXAM-February 2024 Subject : COMMERCIAL STUDIES Time: 2 hours Marks: 80 I Answer 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. Attempt all questions from Section A and any 4 questions from Section B. The intended marks for questions or parts of question ore given in brackets(). SECTION A (Attempt all question from this section) Question 1 Choose the correct answers to the questions from the given options. (Do not copy the questions, write the correct answers only) [16) i) Which of the following is functions of Human Resource Department? a) Procuring Human Resources b) Developing Human Resources c) Retaining Human Resources _!) AH the above ii) Solvency implies_ _ _ _? a) Assets are more than liabilities b) Sales are more than purchases c) Purchases are more than sales d) Liabilities are more than assets iii) Which of the following is "marketing" a) Maximising the sales of the company b) A place where goods and services are bought from manufactures c) Activities a company undertakes to promote the buying or selling of a product/service d) Maximising profits of the company iv) Protection of material from damage, theft, pilferage, deterioration, etc. comes under_ _ _ __ _ function. a) Material management b) Centralised purchasing . 1 Storage d) Purchasing v) MIS stands for _ _ __ _ a) Manager Informative System b) Management Information System c) Managing Internal System d) Management Information Server vi) _ _ __ _ _communication has always been essential for success in business. a) Effective b) Growing c) Technological d) Public relation vii) _ _ __ _ is a system in which people sitting at different locations can discuss certain issues of common interests. a) Telex b) Letters c) Internet d) Video-conferencing Contd ... 2 ' - 2viii) which the It means the amount of money a) Capital b) Drawings c) Debtors d) Net loss sonal use. ow ner takes home for his per ponding and equal credit. t that every debit has a corres ges sug ple nci pri is Th ix) a) Go ing concern b) Matching principle c) Dual Aspect principle cept d) Money Measurement con _ __ in the ledger is called _ _ rnal into classified accounts jou the m fro tion sac tran Recording x) a) Bo oks of original entry b) Posting c) Trial Balance d) Debit t. wed on - - - - -accoun Highest rate of interest is allo xi) a) Fixed Deposit b) Recurring Deposit c) Savings Account d) Current Account distributor? What is NO T true abo ut the xii) ds goo of a) Take ownership e b) Sells goods in his ow n nam urer act nuf ma the c) Reimbursed by d) No ne al source of energy. xiii) Identify the convention a) Sol ar pow er b) Hydro pow er c) Wi nd pow er d) Wood xiv ) xv) xvi ) es under: Orientation and Training com ng a) Hw nan Resource Planni Resources b) Procurement of Human Resources an c) Development of hum d) No ne of the above T a function of Ge Which of the following is NO a) Recoding Information b) Providing Legal Advice c) Coordinating Efforts d) Giving Information t and type De cis ion regarding the am oun of the organisation. nt? neral Administration Departme designing of capital is to be raised while the -----Capital Structure a) b) Profitability c) Solvency d) Liquidity {8) Question 2 Distinguish between a) b) c) d) rrent Account Savings Ba nk Account & Cu ncy Book- keeping & Accounta Journal & Ledger rs C & F Agents & Distributo Contd. .. 2 ee I Question3 a) Selling is the heart of marketing. Explain in detail. b) Why is accounting period usually of one year? c) What is Trial Balance? d) What do you mean by social media? Question 4 a) Define Debtors & Creditors. /1'1 b) Why legal Administration is considered very important for an organisation? of . . c) What are letters and e-mails? each to apphcable account.mg of rules golden the d) State all 3 different types of accounts along with the accounts. [8 J SECTIONB (Answer any four questions from this Section.) (10) Question S a) Explain why online trading is gaining popularity these days? b) Write short note on ii) Business Entity Concept Granting Credit i) vQuespon 6 ~ What is communication? Why is it needed in commercial organisations? . the bo0 ks 0 fMr Shah b)/ J0 uma1 ISC the tioII owmg transacti ODS ID Particulars Feb24 Started business with a capital of / 1 Opened a bank account with 3 Purchased goods from Satish J 5 Sold goods to Ritesh J 7 Paid cheque to Satish in full settlement .,/ 9 Received cheque from Ritesh in full settlement../ 11 Paid commission 13 Purchased a table for the owner 18 Withdrew cash for household expenses 23 , ~ - ~oi' C-iJteJi _pj i ~ Amt 65000 45000 40000 50000 36000 45000 1000 2500 3000 ~/tran_ Question 7 a) What are the objectives of purchase function? b) Write short notes on Accepting Deposits ii) Going concern concept i) Question 8 /4 What is an Accounting Cycle? ,/,) Explain the role of recycling, afforestation & eco-friendly products in minimising pollution. Queslion 9 fl_; State the Objectives of Accounting. DJ Explain the elements of communication process. J Question 10 ._;a) Distinguish between wholesalers & retailers. b) Prepare a Simple Cash Book from the following transactions in the books of Ram: 20000 March I - Commenced business with cash March 3 - Brought goods for cash 12500 250 March 5 - Sold goods 900 March 7 - Received cash from Anand March 10- Paid into bank 7500 537 March 14- Paid cash to Rakesh March 15- Sold goods for cash 3750 March 18- Paid for stationery 38 March 20- Paid for office furniture 300 * 1c

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