LYCEUM ENGLISH MEDIUM SCHOOL

HALF YEARLY EXAMINATION (2020-2021)

PHASE - II

CLASS - XI

SUBJECT - COMMERCE

TIME- 1 HOUR 30 MINUTES FULL MARKS - 50

General Instructions:

1. Read the question paper thoroughly.

2. Write the answers mentioning the proper question number.
3. Answers should be written in a neat and clean manner.
4. Leave at least two lines gap in between the two answers and draw end line after every
answer.
5. All rough works of Mathematics are required to be shown.

……………………………………………………………………………………………………………………………………………………

Section – A

Question 1

a) Explain how business leads to national self reliance.

b) Write any two human objectives of business.
c) Explain any two characteristics of sole proprietorship.
d) Explain any two objectives of sole trader business.
e) Define partnership.
f) What is a partnership deed?
g) Write any two responsibilities of business towards owners and investors.
h) Define social responsibility of business.
i) What is B2C Commerce?
j) What is outsourcing?

(10x2)
 Section – B

Question 2

a) Explain any five merits of sole proprietorship.

b) Explain any five characteristics of partnership.
(5+5)

Question 3

a) Explain Limited Liability Partnership.

b) What are the responsibilities of business towards the community?
(5+5)

Question 4

a) What is business ethics? Explain the importance of business ethics.

b) Explain any five benefits of E- business.
(5+5)