MANISH CLASSES, DANKUNI_70036968_ICSE _COMMERCIAL STUDIES 1

ICSE
2
MOCK TEST SERIES
2023 EXAMINATION
CLASS X

Commercial Studies

Paper Code: MT/FEB/2023/002

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.)
QUESTION 1:

(i) Name the principle of insurance under which the insurer stands in place of the
insured after settlement of claim, in relation to the insured property.

(a) Utmost good faith

(b) Insurable interest

(c) Indemnity

(d)Subrogation

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(ii) Which of the following is not the internal stakeholder?

(a) Shareholders

(b) Employers

(c) Employees

(d) Creditors

(iii) Price is an important element in the of a firm and affects other components of it.

(a) Place

(b) Product

(c) Promotion

(d) Marketing

(iv) Which of the following is most suited meaning of conflicting needs of stakeholders?

(a) The prices of raw materials and wages of workers increase, cost of production goes up
(b) Customer expects prices to remain constant, workers demand high wages

(c) Management of company has to maintain balance between needs and expectations for all
stakeholders.

(d)All of the above

(v) Consumer exploitation violates the basic rights of

(a) Producers

(b) Consumers

(c) Sellers

(d) Distributers

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(vi) Selling pre-supposes the existence of demand for the firm's product; on the other
hand, marketing involves creation and maintenance of______________ demand.

(a) Consumer

(b) Social

(c) Foreign

(d) None of these

(vii) Any paid form of non-personal communication about an Organisation, good,

service or idea by an identified sponsor is called

(a) Publicity

(b) Public relation

(c) advertising

(d) Promotion

(viii) Which of the following is a capital transaction'?

(a) Purchase of goods

(b) Payment of wages

(c) Sale of goods

(d) purchase of machinery

(ix) The process of eliminating unqualified and unlit job seekers based on the
information supplied by them in their application is called -

(a) reference checks

(b)Preliminary screening

(c) selection decision

(d) training

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(x) Every customer has the right to select from a range of products and services or for
that competitive price with an assurance of Satisfactory quality” which right is
explained here'?

(a) Right to choose

(b) Right to buy

(c) Right to Consume

(d) Right to be informed

(xi) When making purchase decisions, the main consideration involved in

organizational buying is:

(a) Product quality

(b) Price

(c) Service

(d)All of these

(xii) ________ is the assumption of responsibility for the storage a goods.

(a) Transportation

(b)Warehousing

c) Insurance

(d) None of these

(xiii) Production budget is dependent on -

(a) Cash Budget

(b) Purchase Budget

(c) Master Budget

(iv)Sales Budget

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(xiv) Which kind of investment, give investors voting rights, for choosing management
people in the Organisation:

(a)Shares

(b) Debentures

(c) Retained earnings

d) None these

(xv) Central bank is the _________ of the country's foreign currency reserves.

(a) Dealer

(b) Consumer

(c)Custodian

(d) User

(xvi)Which one of the following is a key to build lasting relationships with consumers?

(a) price of the product

(b) Need recognition ais

(c)Customer Satisfaction

(d) Quality of product

Question 2:

Distinguish between:
(i) Capital and Revenue Expenditure [2]

(ii) Advertising & Publicity [2]

(iii) Central Bank and Commerci al Bank [2]

(iv) Debit Card and Credit Card [2]

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Question 3:
(i) M ent i o n t w o O bj e ct i v es of Pr i ci n g [2]

(ii) Explain Sales Budget ? [2]

(iii) What is Fixed Cost? [2]

( i v) State two advantages of Internal Recruitment [2]

Question 4

(i) How do Warehouse help in Price Stabilization?

(ii) Mention two utilities of Budget.

(iii) What is E-Tailing?

(iv) Explain the term Logistics.
SECTION B
(Attempt any four questions from this Section.)

Question 5:
(i) Explain any five Objectives of Marketing.
(ii) State any five Expectations of employers from a business enterprise.

Question 6:
(i) Mention Five Difference between Product & Services.
(ii) State the various process in the selection process of workers in an organisation.

Question 7:
(i) Explain five functions of Commercial Bank.

(ii) Explain the Principles of Insurance

Question 8:

(i) What are the various ways by which consumer are exploited.
(ii) Explain five Rights Enjoyed by Consumer as per Consumer Protection Act 2019.

Question 9
(i) Explain any five importance of warehousing.
(ii) Distinguish between Central Bank & Commercial Bank

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Question 10

SCAN THIS QR CODE

MANISH CLASSES, KOLKATA

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