Unit Test- I (2021-2022)

Business Studies- XI
Date- 09-06-2021
Timings- 9.00 am to 11.00 am
Time: 2 hours
M.M : 40
General instructions:
1. There are two types of paper- Objective type and Descriptive
paper.
2. Objective paper is for 20 marks consisting 20 MCQs. Attempt it
first using Google form and submit it till 10.00 am. Afterwards you
will not be able to submit it as the link will be closed.
3. Descriptive paper is for 20 marks. Attempt it on ruled sheets and
make a single PDF file using any scanner app and send it on the
following email ID:
Onlineclasses705@gmail.com

Session 1(Objective paper)

Timing 9.00 am to10.00 am
Time- 1 hour
General instructions:
1. There are 20 MCQs consisting 1 mark each.
2. All questions are compulsory.
3. Attempt this paper using Google form and submit it till 10.00 am.

Click on the following link to start objective test:

https://docs.google.com/forms/d/1JcPnTdSV-
nlI2MV6u0W4yNLeCV2w5zLdUdDPipcV5ao/edit?usp=sharing
 Session- 2(Descriptive paper)
Timings 10.00 am to 11.00 am
Time: 1 hour
General instructions:
1. Question no. 21 and 22 is of 3 marks each.
2. Question no. 23 to 24 is of 4 marks each.
3. Question no. 25 is of 6 marks.
4. All questions are compulsory.
5. Attempt all parts of one question together.
6. Attempt this paper on loose ruled sheets and use page number on each page of all sheets.
7. Make PDF file of your answer sheets in serial order and save it with your name and section.
Send this PDF file on the email provided above.
8. Individual Pics and multiple PDF files will not be evaluated.

Descriptive paper questions

Q21. Three friends Amar, Akbar and Anthony completed their studies and planned to join their
father's business. Amar got engaged in his sugarcane farm. Akbar joined his father's sugar mill and
Anthony joined the transport business of his father. Identify the different types of industries being
discussed in this given case. (3)
Q22. Aman runs a garment shop in a Sky Mall. Two years back he had taken a loan of rupees 10 lakh
from ICICI Bank for the renovation of his shop. However due to his Poor health for the past one year
his earnings have reduced considerably as he is not able to devote sufficient time to the business. He
now plans to sell of his shop. Answer the following question:-
A) Identify the limitation of sole proprietorship form of business organisation being discussed
above.
B) Describe briefly any two other limitations of the same form of business organisation.
(3)
Q23. “Business is an economic activity and its objectives are mainly economic in nature.” In the light
of above statement. Explain any four economic objectives of business.
(4)
Q24. Explain the types of partnerships on the basis of :-
(a) Duration
(b) liability.
(4)
Q25. Risk implies uncertainty about future course of events. One type of Risk involves both
possibility of gain as well as loss which may arises due to changes in market conditions, fluctuations
in demand and supply, changes in fashions and taste of customers. The other type of Risk involves
only possibility of loss or no loss which may include chances of theft, fire or strike. Their non-
occurrence may explain absence of loss, instead of gain.
a) Identify two types of risks are faced by Business Enterprises as highlighted in the above
paragraph.
b) Explain nature of business risk in detail.
(2+4=6)