Ut1 - B.ST Xi

CLASS: XI SUBJECT: BUSINESS STUDIES (054) F.
M: 40 TIME: 90 MINS
General instruction:
 Q.No- 01 to Q.No- 11 carries 1 Mark each
 Q.No- 12 to Q.No- 14 carries 3 Marks each (Internal Choices: 1 & Word limit: 50-75)
 Q.No- 15 to Q.No- 16 carries 4 Marks each (Internal Choices: 1 & Word limit: 150)
 Q.No- 17 to Q.No- 18 carries 6 Marks each (Internal Choices: 1 & Word limit: 200)
1. The term ‘Business’ includes-

a) Industry & Trade b) Industry & Commerce c) Industry, Trade & Commerce d) Commerce
2. It was the greatest seat of commerce in Western India. It was situated on the banks of river Narmada and was linked
with all important marts by roadways. Identify the place in India.
a) Kanchi b) Madura c) Broach d) Mithila
3. These industries combine various ingredients to form a new product. Identify the form.
a) Analytical b) Synthetic c) Processing d) Assembling
4. Lucky and Rani are two partners in a firm. They wanted to admit Rahil as a partner who is only 17 years old. Identify
among the following the correct provision of Indian Partnership Act, 1931.
a) Rahil can be admitted as a full-fledged partner
b) Rahil will be allowed to share profit & losses of the firm
c) Rahil can only become a member for benefits in the firm
d) Rahil cannot be admitted in the firm
5. The maximum number of Directors in a Public Company are-
a) 2 b) 15 c) 12 d) 3
6. The term ‘Company’ is defined in the Companies Act, 2013 under the section-
a) 2(30) b) 2(15) c) 2(68) d) None of these
7. This type of partner is a person who though is not a partner in a firm but knowingly allows himself / herself to be
represented as a partner in a firm. Identify the type of partner.
a) Partner by holding out b) Ostensible partner c) Dormant partner d) Nominal
8. Under which form of business, the liability of the members remains limited? Find the correct combination.
a) Partnership, HUF, Coo-operative Society c) Partnership, HUF, Joint Stock Company
b) Joint Stock Company, HUF, Coo-operative Society d) All of these
9. The members of a Hindu Undivided Family business are called as-
a) Partners b) Co-partners c) Co-parceners d) Shareholder
10. Identify the correct statement in context of Hindu Undivided Family business.
a) Married daughter has equal rights in property of a Joint Hindu Family.
b) There is no gender equality in this form of business.
c) A minor cannot become a co-parcener in this form of business.
d) All of these
11. In the eyes of law, a Company and its owners may be treated as one and same though legally both are different, in
exceptional cases. The term associated with this is-
a) Perpetual Succession b) Lifting of corporate veil c) Limited liability d) None
12. The business assets of an organisation amount to ₹ 50,000 but the debts that remain unpaid are ₹ 80,000. What course
of action can the creditors take if- (3)
a) The organisation is a sole proprietorship firm.
b) The organisation is a partnership firm with Armaan and Ravi as partners. Which of the two partners can the
creditors approach for repayment of debt? Explain giving reasons.
13. Differentiate between a Private Company and a Public Company. (Any three basis) (3)
OR
Explain the limitations of a Partnership form of business.
14. Explain the various types of manufacturing industries under secondary industries. (3)
15. Differentiate between Profession and Employment. (Any 4 basis) (4)
1
16. The term ‘business risk’ refers to the possibility of inadequate profits or even losses due to uncertainties or
unexpected events. Explain any 4 features (nature) of such risks. (4)
OR
Explain any four characteristics of Business.
17. Sonam and Sameer decided to begin a food processing business in District Kangra of Himachal Pradesh. (6)
a) Which form of business will be suitable for them?
b) Explain any three factors that will influence the choice of such form of business.
OR
Explain the features of a Cooperative society.
18. Explain the social and economic objectives of a business. (6)

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CLASS: XI SUBJECT: BUSINESS STUDIES (054) F.

1. The term ‘Business’ includes-

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