No. of pages - 24 (E) MID-TERM EXAMINATION (2023-24) CLASS : XT SUBJECT : BUSINESS STUDIES (054) Time Allowed : 3 hours Maximum Marks : 80 wma: 3 de arfireram ait : 80 arert-Preer Lo wer 34 97 ei 2 wat wer artrard Bi 3. Wer em 1 4 20 wee aT ate Br \, 4 WRT WOT 21-24 wy sada wee WET & ele a 3 ate 2) 5. WRT W@T 25-30 wy saa WER were, Wele a 4 ote 21 6° Wer Wem 31-34 se salle we Eke & 6 ate 1 7. aie wa Rrrer et 21 erenien cia stat a 2 wel, an atet oy 2 yea ait oe aah 2 mel siiattar Farmer wert fren re ei : General Instructions: 1. There are 34 questions in the question paper. 2) All questions are compulsory 3. Question no. 1:10 20 carry 1 mark each. 4. Question no. 21-24 are short answer type-I questions carrying 3 marks each. 5. Question no. 25-30 are short answer type-I questions carrying 4 marks each. 6. — Question no. 31-34 are long answer type questions carrying 6 marks each. 7. There is no overall choice. However, an internal choice has been provided in 2 questions of three marks, 2 questions of four marks and 2 questions of six marks. feeneeensess 1 XI-BUSINESS STUDIES-EWhich Indian spice was known as “Black Gold” in the era of Roman Empire? 1 (@) Clove (b) Pepper © Asafoetida @ Cinmamon ‘Anju, Neelam and Renu are partners in a firm. For last few days Anju is visting some other town for an important deal for business. In her absence, Neelam and Renu are running the business on behalf of Anju. Thus the acts of Neelam and Renu are binding on Anju. . Which feature of partnership is highlighted here? 1 (@) Mutual ageney (b) Secrecy (©) _ Continuity (@ Decision making and control “This public enterprise has the power of the government combined with the initiative of private enterprise.” 1 Identify the public enterptise- (@) Departmental undertaking,» (b)_, Statutory Corporation, * © Government company (@) © Joint venture In fire Insurance, the insured must disclose all material facts like construction of building, fire detection and fire fighting equipment etc. Which principle of Insurance is highlighted in this statement? (®) Indemnity (©) Subrogation (©) _ Insurable Interest (4) Utmost good faith XI-BUSINESS STUDIES-EDigitalisation means conversion of. : = 1 (a) Text (b) Sound (©) _ Images (@)_— Allofthe above With the help of government subsidy, Gaurav is running poultry farm en, Identify the name of Industry in which Gaurav is engaged. 1 (@) Genetic Industry (b) Manufacturing Industry (©) Extractive Industry (Tertiary Industry This form of business is governed by the principle of “One person one vote”. 1 Identify the form of business. (a) ° Partnership 3 (b) Joint Stock company (©) - Joint Hindu family business (@ Co-operative Societies ‘As per SEBI Guidelines.the limit of mininnim subscription is ___ of the size of issued capital. 1 (@ 100% (b) 50% © 90% . @ 75% Which statement is not true about Governmeit Company :- 1 (@) Government company is wholly owned by Government. * (b) Government company is created under the provisions of Companies Act 2013 or any other prévious companies law. (©) A Government:company is funded by government share holding and other private shareholders. s (@) A Government company can file a suit in court against third party and can be sued. 5 . ‘XI-BUSINESS STUDIES-E12. Which auxiliary to trade helps in maintaining prices at reasonable level through continuous supply of goods? 1 (@) Transportation (&) Banking (©) Warehousing (@ Advertising Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:- 1 Assertion (A): Business is considered to be an'economic Activity, Reason (R): One of the main purpose of business is to eam income by way of profit. (@) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). (©) Assertion (A) is true but Reason (R) is false. (@) __ Assertion (A) is false but Reason (R) is true. : fg See this image carefully and answer the given question : ste tae 1 Itis a private delivery-service ‘Wow, it reached today, sir. That's why we are was not expecting able to deliver quickly. it to reach so early. 1 XI-BUSINESS STUDIES-EWhat kind of Postal Service is depicted in this image? (a) Registered Post (b) Parcel (©) Speed Post @® Courier Membership in the Joint Hindu family Business is ; 1 (@ _ byanagreement © bybinh (©) byconsent ofall members’ (@)_ ‘by majority voting Statement I : Joint Venture-must be based on Memorandum of Understanding signed by both the parties. 1 Statement II : In Joint venture, businesses agree to join together’for common purpose and mutual benefit. i Choose the correct option from the following:- (a) Statement I is true and Statement II is false. (b) Statement II is true and Statement I is false. (c) Both the statements are true. (@ Both the statements are false, 9 XI-BUSINESS STUDIES-E15. 17. Indian Subcontinent was referred to as “Swarnbhumi” and “Swarndeep” in the ancient times because, 1 (a) _ Indian subcontinent had vast gold reserves. (b) Foreign invaders brought gold reserves. (©) From] A.D. till 1000 A.D. the subcontinent contributed all the world’s Income. (@ Indian traders contributed a lot to economy of the subcontinent. Yashika is an IT professional, working in a big IT firm. She is currently involved in a project of developing a software for accounting department of a big textile company. She is facilitated with office laptop.and high speed internet at office. Also at home and other public places high speed wifi network is available everywhere. Thus Yashika is able to do work at " office, at home or at Cafeteria and wherever she goes. : In the above paragraph, the benefit of e-business derived by Yashika is 1 (@) ease of formation (6) Convenience ; (©) Speed (@ Global reach Government participate in the economic activities of a country through : 1 (@) Public Sector (©) _ Private Sector (©) Niti Aayog . (@ Finance Ministry “No action can be taken'unless it goes through the proper channels of authority”, Which limitation of Departmental undertaking is highlighted in this statement? 1 (2) Red tapism (6) Political interference (©) Delay in decision » (@) Bureaucratic over-caution W XI-BUSINESS STUDIES-E19. Match the following Banking service with appropriate example and choose the correct option: ; 1 S.No. | Banking Service | S.No. Example ‘A. | Bank Overdraft 1. | Loan for buying assets B. | Term Loan 2. - | Remit money from one place to another C. | Cash Credit 3, | Withdraw more money then deposited in account D. | Bank Draft J, _ | Loan against current assets and other securities (@) Al, B-2, C3, D-4 (0) A3,B-1, C-4,D-2 (0) A-4,B-3, C-2, D-1 (@ A-3,B-2, C-1,D-4 20. Statement I: e-banking means providing banking services over the intemet. 1 Statement II : In e-banking, human operator is required to execute the banking transactions. Choose the correct option from the following- (@) Statement is true and Statement Il is false. (b) Statement Il is true and Statement I is false. (©) Both the statements are true. (a) _ Both the statements are false. 21, Sameer is the owner of a restaurant in old Delhi area. In recent years, many other restaurants sprung up in the vicinity. Due to increasing competition, Sameer introduced new variety of dishes in his restaurant. He is hopefil that by offering new dishes he will be able to flourish in the competitive world. Identify and explain, the objective of business stated in the above paragraph. 3 1B ‘XI-BUSINESS STUDIES-E22. 23, {tis optional for a partnership firm to get registered. In case a firm does not get registered, it is deprived of many benefits. . Enlist the benefits from which a firm is deprived of incase of ‘non-registration. OR Explain any three merits of partnership. 3 Ms, Divya is appointed as senior legal advisor in Apex India Ltd. HR department asked her to open a bank Account so that salary can be credited into her account. ‘The account is duly opened by Ms. Diya. : Identify the bank account opened by Ms. Divya. (Also enumerate any two facilities which are provided by bank to the above mentioned bank account holder). : State any three limitations of Statutory Corporations. > * : OR Soe EL or State dny three limitations of Government company. ae) “Byery business makes an attempt to reap more than what has been invested.” Which objective of business is stated in above Statement? State any 3 reasons which highlight the importance of this object of business. 4 ata a : Explain the following types of Secondary Industry : (2) Manufacturing Industry (b) Construction Industry 15 XI-BUSINESS STUDIES-E26. 30. Explain the following types of partners:- (@) Nominal partner (b) Partner by estoppel OR What is Partnership Deed? State any three of its contents. 4 Joint ventures can prove to be extremely beneficial for both parties involved. One party may have strong potential for growth and innovative ideas, but is still likely to benefit from entering to joint venture because it enhances its capacity, resources and technical expertise. In the light of above description; state any four features of joint venture. 4 Explain Health Insurance. : 4 A firm’s electronic transactions and networks can be visualised as extending into three directions : (a) BB (b) Bac (©) Intra-B Explain any two of such directions of e-business. ‘ 4 Mr. Kapil is a well established business Consultant. He has assisted in the’ promotion of various businesses through out India, Currently he is in the advisory board of “Ram Kripal & Sons” under the proprietorship of Mr. Ram Kripal. He-is running five Grocery stores in Delhi, He is carrying'the business all alone, Now he wants to expand the business in whole of India. He is facing on following problems; - 17 XI-BUSINESS STUDIES-E,—— oT RL ANY PPS 7a mem ——— (i) Lack of funds, (ii) Lack of managerial abilities (iii) Fear of Unlimited liabitity, After analysising the above problems, Mr, Kapil advised him to raise funds through public issue and separate the ownership from management. On the basis of above paragraph, answer the following questions:- (2) Whats the form of business of Ram Kripal & Sons? (b) What form of business is advised by Mr. Kapil to Mr. Ram Kripal? (0). Desctibe any two factors which Mr. Kapil Considered while advising Mr. Ram Kripal to choose an appropriate form of business. 4 Babita is a'qualified Chartered Accountant and is practicing independently. While her friend Chitra has done B. Tech. from IIT Kanpur and got a campus placement in an MNC. Based on above description, answer the following questions:- (@)_Inwhat kind of business activities are Babita and Chitra engaged? (b) Differentiate between the business activities identified as above on following basis: () Mode of establishment Gi) Capital Investment” ii) Risk (iv) Code of Conduct. . XI-BUSINESS STUDIES-EOR Write a short note on the following:- (@®) Business (b) Commerce (c) Industry a 6 32. Read the following statements carefully- () It is an important document of company which defines the objectives of ‘the company. Gi) This document defines the rules regarding the intemal management of the company. Identify the ‘documents of company as stated in above statements and differentiate among them on following basis. (J) Objective (ii) Position (iii) Relationship (iv) Validity OR Explain any four clauses of Memorandum of Association. 6 33, “Kundli - Manesar Expressway Ltd. is a 135 km express way, land has been provided by the government and surface has been laid out by the private company.” Identify and state any five features of this business model. 7 6 2 XI-BUSINESS STUDIES-E34, _Rishab has recently constructed a new godown in basement of his furniture showroom. He approached New India General Insurance Company for fire insurance of his godown. The official there asked for the information regarding Construction type, age of building, fire safety equipment installed etc. The official of Insurance company also made it clear that in event of loss due fire, he can Tecover an actual amount of loss only. Rishab has to understand that any loss arising due to fire in godown will lead to loss to his business. Identify and explain the Principles of Insurance stated inthe above paragraph. (any three) 6 2 XI-BUSINESS STUDIES-E,