HALF YEARLY EXAM

BUSINESS STUDIES (SET-A)

CLASS-XI
TIME ALLOTED : 3 HRS M.M. 90

GENERAL INSTRUCTIONS:
 Attempt all parts of a question together.
 Questions carrying 1 mark should be answered in one word or one sentence.
 Questions carrying 2-3 marks should be answered in 30-40 words .
 Questions carrying 4-5 marks should be answered in 100 words
 Questions carrying 6 marks should be answered in 120 words.
____________________________________________________________________________________

Q1. The Indian economy is one of the fast growing economies in the world today and a preferred FDI
destination . Rising incomes, savings, investment opportunities, increased domestic consumption and
younger population ensures growth for decades to come. The high growth sectors have been
identified,which are likely to grow at a rapid pace world over and the recent initiatives of the
Government of India and roll out of the Foreign Trade Policy (FTP2015-20) is expected to help the
economy in terms of exports and imports and trade balance.
State the recent initiatives of the Government Of India which is expected to boost the economy. (1)

Q2. Nandini ,in order to promote local craftsmen of Gujarat ,formed an organisation where in the persons
voluntarily associate themselves to promote common economic interest .The basic purpose of this
organisation was to help these craftsmen to find market for their products .It had a managing
committee that was elected on the basis of 'one member one vote '
Identify the form of business organisation set up by Nandini (1)

Q3 State the nature of liability in Sole proprietorship ? (1)

Q4 What is meant by disinvestment? (1)

Q5 Write full form of BIFR (1)

Q6 Kalakriti limited is a new start up inspired by the the prime minister’s campaign on start up India and
stand up India .It provides a diverse collection of pottery ,paintings and crafts items using eco-friendly
materials .It provides skill development programmes for the artists working for them .It decides to
spend 10%of its profit to build toilets for the rural people to support 'swatch Bharat Abhiyan '

State the kind of social responsibility the company is trying to achieve by contributing to Swatch Bharat
Abhiyan ? (1)

Q7 A business enterprise should respect the democratic rights to form trade unions ,is an example of its
responsibility towards one of the kinds of interest group .Name it (1)

Q8 Akash juneja ,a businessman is involved in daily dealings of cash through his current account in Axis
Bank. Due to unavailability of funds and an urgent need to pay his creditors, he approaches the bank
to withdraw more than the balance available in his account using the facility provided to him by the
bank owing to his credit-worthiness.

Identify the facility provided by commercial bank to Akash. (1)

Q9 Mr Vansh, the owner of 'Vansh Steel Industry 'does the wholesale trade of utensils ,Some of the
utensils are made in his factory itself and some other he purchases from other manufacturers .Every
day, he has to make payment to several other traders. He wanted that as soon as he deposited money
in his account it should be credited to the account of receiver without any delay .On enquiring from
the bank ,he learnt that through e-banking there are two systems available for transferring money
from one bank to another.

Identify the two systems of the fastest possible money transfer system through banks (1)

Q10 Radha stays in Kashipur,a city of Udham Singh Nagar district, In indian state of Uttrakhand .She sees a
job advertisement in the newspaper and decides to apply for the same post .Her father advises her to
send the application through registered post instead of an ordinary mail.
In the context of the above case; (1)
(a)How is registered post different from an ordinary mail?
Q11 Roshni ltd is a Mumbai based Indian multinational company engaged in design,manufacturing,and
marketing of products related to power generation ,transmission, and distribution. It has also set up a
factory for manufacturing solar lanterns in a remote village as there was no reliable supply of
electricity in rural areas.
(a)Identify and explain the type of objective of business being fulfilled by Roshni ltd by setting up a
factory in rural areas. (2)

Q12 There is a group discussion taking place in class XI regarding Social Responsibility of Business .Vineet
feels that a business should be socially responsible towards the society as it exists in the society while
Ramesh is against it as the basic objectives of a business is to earn profit

Justify Ramesh's point of view by stating four arguments (2)

Q13 'Business is an institution organized and operated to provide goods and services under the incentive of
private gain'. Discuss. (2)

Q14 The banking system in India dated back to 1750 BC. In ancient India there is evidence of loans from the
Vedic Period .From the writing of many foreign travellers during Mughal period we came to know
about the use of various instruments in the great commercial centres. In the Mughal period historians
found the evidence of loan deeds which were called dastaweez. There were 2 types of dastawez- one
was payable on demand and other was payable after a stipulated time .The most impotant class of
credit instruments of exchange evolved in India at that time .Their use was most widespread in the
twelfth century,and has continued till today.
(a) Identify the instrument of exchange prominent in the great ancient commercial centres of India.
(b) State two important features of the instrument of exchange identified in part (a) (3)

Q15 Monica khanna is a jwellery designer .She started her career from the scratch and took advanced
designing course at Jwellery Product Development Centre. On the completion of the course she got job
at Gitanjali Gems there she developed creative and original designs.
(a)Identify the type of economic activity that Monica Khanna is engaged in
(b)Distinguish between Business, Profession and Employment on the basis of
(I) Transfer of interest and (ii)code of conduct (3)

Q16 Anuj and Ahmed are partners in a firm .They admit John as a new partner ,who is physically
challenged. Anuj asked Ahmed and John to get the firm registered, But Ahmed and John did not agree
and said that the registration procedure will involve lot of formalities .If you are Anuj ,how will you
convince them to get the firm registered ? (3)

Q17 Do public sector units need different organizational forms than private sector units ? (3)

Q18 Sanjay Bhattacharya kept his goods valued at Rs. 80,000 in a warehouse had taken a fire insurance
policy for the same. On 25 February, 2018 his stock caught fire.He however wasn't worried about the
same and as he had arranged his goods against the risk of fire, he didn't call the fire department for a
fire fighting machine. The actual losses amounted to Rs. 65000.

How much money can he claim from the insurance company?State the relevant insurance principle in
this regard. (3)

Q19 Tata Sky is a direct broadcast satellite television provider in India .It was incorporated in the year
2004. TataSky is a joint venture between the Tata Group and 2ist century fox .Its primary competitors
in this segment are Airtel Digital Tv , Dish TV,Sun Direct,Reliance Digital TV,DD Free Dish and Videocon
D2H.

In the context of the above case ;

(a)Identify the type of service is being provided by Tata Sky.
(b)Explain briefly any three other telecom services available in our country. (4)

Q20 India is currently the third largest producer of eggs(by weight) and the sixth largest producer of
chicken meat in the world .The meat production in India has grown by a brisk 10 percent and egg
production by five percent over the past 10 years .By 2030,over 40 percent of India"s population will
be urbanized and the number of working women is likely to double.This could significantly boost the
market for frozen foods, including poultry products.But,the potential is constrained by recrurring
incidents of disease n poultry products ,no awareness on frozen foods and rising feed costs .
 In the context of the above case ;
(a) Identify and explain the different kinds of industries being discussed in the above paragraph.
(b) State the categories of types of industries to which the different kinds of industries as identified in
part (a)belong to. (4)

Q21 Samarth Malhotra was born in Delhi and is a Fashion designer .He runs his Fashion garments business
from the posh Greater Kailash market of Delhi .After running the business for five years Samarth feels
that he should get his business registered in a way that he can save himself from the threat of
unlimited liability .But at the same time ,he doesn’t want anyone else to be a part of decision making
or to interfere in business.
(a) State the form of business organisation to be formed by Samarth to get it registered.
(b) Enlist any three features of the form of business organisation stated in part (a) (4)

Q22 Mumbai Metro is rapid transit system which is under construction in Mumbai .The system is designed
to address both present and future needs of public transportation .The project was implemented
under built,Own, Operate,and Transfer,(BOOT)method and has been India's first special metro project
in which few phases (construction and maintainence )were given to private players .The project
involved an elevated 11 km light Rail Transit(LRT)system linking Andheri and Ghatkopar ,via
Asalpha,Marol,Chakala ,and Saki Naka.The construction of Mumbai Metro involved building up of a
total of 146 km of track,of which 32 km is underground. The project was approved by the government
of Maharashtra in August 2004 and global bids were invited through an expression of interest.
(a)State the type of public sector Enterprise highlighted in the above case
(b)explain any three features of this form of enterprise (4)

Q23. Anjali lives in a small village in Uttar Pradesh, Her parents are very poor but have somehow managed
to provided good education to Anjali. She comes to Delhi for her graduation.She works on a part-time
to help her family and fund her education.She wants to send money to her parents in the village but
money order will take a lot of time .Her friend Jaya tells her about e-banking and its benefits .
You are requested to state the concept and benefits of e-banking to Anjali (5)

Q24 In ancient India,the Greeks sailed from Egypt in the month of July and arrived at Muziri in about 40
days.They stayed on the Malabar Coast for about three months and commenced their return journey
Muziri in December or January .As the Indian seas were infested by Pirates,the Greek merchants
brought with them cohorts of archers on board their ships . Egypt being at this period subject to
Rome,the archers who accompanied the Greek merchants were Roman soldiers .The Pandyan kings
sent embassies to Rome and had employed Roman soldiers as guards .There was a colony of Yavana
merchants at Kaveripattanam, whose existence is an index of prosperity of merchant communities and
professional classes.That Roman gold poured largely into Tamil country at this period is attested by the
numerous Roman coins dating from the reign of Augustus to that of zeno which have been found
buried in different parts of Tamilnaidu.
(a) State the concept used in ancient India whose existence is an index of prosperity of merchant
communities and professional classes.
(b) Enlist and explain four examples of the concept used in ancient India whose existence is an index
of prosperity of merchant communities and professional classes. (5)

Q25 Distinguish between 'Memorandum of Association ' and 'Article of Association ' by giving suitable basis
(5)

Q26 Environment is important for all of us ;we have a collective responsibility to protect it from being
spoiled. Whether it is government ,business enterprises ,consumers ,workers,or other members of
society ,each one can do something to stop polluting the Environment government can enact laws to
ban hazardous products .Consumers ,workers and the members of society can avoid using certain
products and doing things that are not environment friendly.Emission of smoke and gases from
factories ,use of machines causing noise pollution ,deforestation ,growth of industrialization are some
of the ways in which business causes pollution .So the business enterprises should ,take lead in
providing their own solutions to environmental problems It is the social responsibility of every business
to take steps not only to check all sorts of pollution but also to protect environmental resources
On the basis of aforesaid information ,elucidate the types of roles that a business enterprise can play
to control environmental pollution (5)

Q27 Life Insurance Corporation of India is the largest insurance company in India . It is headquartered in
Mumbai.It was founded in the year 1956 when the Parliament of India passed the Life Insurance of
 India Act that nationalized the private insurance industry in India Over 245 insurance companies and
provident societies were merged to create the state owned Life Insurance Corporation

In the context of the above case ;

(a)Life Insurance Corporation of India is classified as which form of public sector enterprise ?
(b)State any four merits of promoting life Insurance Corporation of India in a particular form of public
sector enterprise as identified in part (a)of this question (5)

Q28 "A company raises funds from the public" .

Explain the steps required to raise the funds from public (6)

Q29 In 1983,when Stride Arcolabs was set up ,it only dealt with two cities in India West Bengal and Bihar. In
1985, it started trading nationally and by 2000, companies made its way through the International
Market .Products used in cardiology was manufactured in 1987 and at that time ,Monotrate was one
of the first products launched and went on to become a best seller. In 1993 ,stride Pharmaceuticals
Industries set up their own research institute STIRI. STIRI became popular by generating and enhancing
process development skills across India.Stride Pharmaceuticals shifted its headquarters in Mumbai as it
is at the center of Indian commercial trade .The company began its first international acquisition with
an amount of US$ 7.5million,acquiring international Pharm Lab in Detroit.Later on ,the company
introduced a few more treatment areas which include orthopedics ,gynecology,and oncology.
(a)Identify the type of Business enterprise highlighted by quoting the lines from above case.
(b)Explain any four features of the type of business enterprise identified in above question. (6)

Q30 Nothing is more important to Reliance Limited ;than making sure that company does what is right and
nothing puts it at risk more than failure to do it .In its code of conduct the company is focused on the
most important principles and expectations rather than specifying detailed rules. It does not
specifically address every potential form of unacceptable conduct, but it believes that its officials are
fully capable of making the right decisions when faced with difficult choices and they will be guided by
the good judgement .

The above paragraph highlights an important aspect which every business should follow .
(a)Identify the important aspect that every business should follow like Reliance Ltd.
(b)Discuss the important elements of the concept identified in part (a) (6)

HALF YEARLY EXAM

BUSINESS STUDIES (SET-B)
 CLASS-XI
TIME ALLOTED: 3 HRS M.M. 90

GENERAL INSTRUCTIONS:
 Attempt all parts of a question together.
 Questions carrying 1 mark should be answered in one word or one sentence.
 Questions carrying 2-3 marks should be answered in 30-40 words .
 Questions carrying 4-5 marks should be answered in 100 words
 Questions carrying 6 marks should be answered in 120 words.
_____________________________________________________________________________________

Q1 Who are coparceners ? (1)

Q2 The Amul model has helped India to emerge as the largest milk producr in the world .More than 15
million producers pour their milk in 1,44,500 dairy establishments across the country .Their milk is
processed in 184 District establishments and marketed by 22State marketing federations ,ensuring a
beter life for millions everyday ,The story of Amul in the year 1946 with a group of farmers coming
together to gain access to the market and their by ensure maximum returns for their efforts
Identify the form of business organistion started by the farmers . (1)

Q3. The Indian economy is one of the fast growing economies in the world today and a preferred FDI
destination .Rising incomes, savings, investment opportunities, increased domestic consumption and
younger population ensures growth for decades to come. The high growth sectors have been
identified, which are likely to grow at a rapid pace world over and the recent initiatives of the
Government of India and roll out of the Foreign Trade Policy (FTP2015-20) is expected to help the
economy in terms of exports and imports and trade balance.

State the recent initiatives of the Government Of India which is expected to boost the economy. (1)

Q4 Name the system by which management of a public enterprise is granted more autonomy but held
accountable for specified results . (1)

Q5 Give full form of NRF (1)

Q6 Priya stays in Ranikhet ,a town in Almora district, In indian state of Uttrakhand .She sees a job
advertisement in the newspaper and decides to apply for the same post .Her father advises her to
send the application through registered post instead of an ordinary mail.

In the context of the above case;

(a)How is registered post different from an ordinary mail? (1)

Q7. That an enterprise must provide good quality and unadulterated products and services at fair prices is
an example its responsibility towards which group? (1)

Q8. Joy owns an event management company in Jaisalmer which provides customized facilities to meet the
needs of the customers and ensure a memorable event for them whether they are planning a
workshop, a management seminar, marketing or training session. He has a staff of 50persons. Earlier
the salary of the staff members paid through cheques. The employees had to deposite their cheque in
the bank and had to wait for 2 days for cheques to be cleared. But now salary reaches their account on
the same day.

Name and state the banking service which facilitates the transfer of salary to the employee's account
on the same day itself. (1)

Q9 The Fragrance deoadrants are true classics in the company's bodycare range. Whether customer
prefer a spray or a roll-on, they are sure to find their favourite deodorant. But the fragrance
deodorants while advertising its range presents females in a derogatory manner which offenses
religious groups also.

Which kind of social responsibility is being neglected by the company? (1)

Q10 Which type of deposit account combines the features of Saving Bank Account and Fixed Deposit
Account. (1)
Q11 Over the years ,several business houses in India have shown their concern for social responsibility
through their contribution to health education and other developmental progrmmes .For instance
Tatas set up various developmental society’s Raheja group launched rural support programme in
Rajasthan so that the benefits of government programmes reach the rural masses

Justify your answer by stating the four arguments. (2)

Q12 Radhika is running a small scale business of manufacturing decorative items in Delhi. Every year she
contributes 10% of her profit to Manyata foundation ,a popular NGO in Noida which supports the
programme based on senior citizens health care carrying out activities for them in hospitals such as
entertainment programs ,festival celebrations and day to day activities .

In the context of above case identify and explain the type of objective of business being fulfilled by
Radhika by providing financial help to Manyata foundation. (2)

Q13 Why does a businessman willingly undertake business risk. (2)

Q14 The Merchant Community derived power and prestige from guilds .Even kings were supposed to
accept and respect the rules of their guilds .The guild chief dealt directly with the king or tax collectors
and settled the market toll on behalf of its fellow merchants at a fixed sum of money.The guild
merchants also acted as custodians of religious interests They undertook the task of building temples
and made donations by levying tax on their members.The commercial activity enabled big merchants
to gain power in the society .

On the basis of the given information about merchants community answer the following question:
(a) "Even kings were supposed to accept and respect rules of these guilds ". Identify the guild being
specified in the case.
(b) Enlist the main functions of the guilds whose rules were accepted by even kings . (3)

Q15 Laveena Sharma is a jwellery designer .She started her career from the scratch and took advanced
designing course at Jwellery Product Development Centre On the completion of the course she got job
at Tanishq Jwellers there she developed creative and original designs.
(a) Identify the type of economic activity that Laveena is engaged in
(b) Distinguish between Business, Profession and Employment on the basis of (3)
(I) Qualification and (ii)capital investment

Q16 Deepak and Gaurav joined the prestigious law university in Ahemdabad in the year 2010.During the
course of study they became good friends and they both realized that their common interest lies in
the field of Corporate Law .After completion of their degree they decided to start affirm of their own
name 'Corpo Law Firm' where in both of them will be coowners dividing the profit and loss .
Aftersuccessfully running the firm for a year ,they realized that their re certain rights which are denied
to their firm because it is not registered

Explain the non consequences of non-registration of a their firm (3)

Q17 Can Public sector companies compete with the private sector in terms of profit and efficiency ?Give
reasons for your answer (3)

Q18 Sarthak has taken a fire-insurance policy for his warehouse. Due to fire, he suffered a loss of Rs 500000
and gets a compensation claim from the insurance company. The damaged stock can be sold for Rs.
15000.

Who has the right over this amount?Why?State the relevant insurance principle in this regard. (3)

Q 19 India is the largest producer of milk in the world.Moreover increasing demand of milk and dairy
products has made dairy farming a profitable business .Considering these facts Raghu an industrialist
has decided to set up a dairy farm and a cheese producing unit in Haryana .He plans to deal in an
extensive range of Mozirella cheese, processed cheese ,cheese single ,pizza cheese Naturally flavoured
cheese and grated cheese for pizza in various combinations .

In the context of above case

(a) Identify and explain the different kinds of industries being discussed in the above paragraph.
 (b) State the categories of types of industries to which the different kinds of industries as identified in
part (a)belong to. (4)

Q 20 Aarti was born and brought up in Mumbai .After completing her higher studies she started working as
an assistant architect in a leading company .After a few years of that now she wants to set up her own
consultancy and undertake independent projects .She discusses her plans with her father .

Her father suggest that she should carry on with the job because starting independently mean
becoming a sole proprietor and that would bring along problems of unlimited liability .But aarti was
not convinced to stay in the job

Then he suggested that the second option for her could be to form a Partnership and Private limited
company ,with a friend .But Aarti didn’t like this idea either ,as she didn’t want any kind of interference
in any form from any one .Aarti approached a consultant and discuss her concerns with him T he
consultant offered her a solution and Aarti was happy with her idea .

On the basis of the given information ,answer the following questions;

(a) State the form of business organisation to be formed by Aarti to get it registered.
(b) Enlist any three features of the form of business organisation stated in part (a) (4)

Q21 The National Highways Authority of India ,under the Ministry of road Transport and Highways ,was
entrusted the responsibility for implementation of the Golden Quadrilateral project (Highway project
connecting four metro cities )As a part of this project ,it proposed the conversion of a very busy section
of NH-8connecting Delhi to Gurugram into a 6\8lane access control divided carriageway .The project
was awarded to the consortium of Jaypee Industries and DS construction ltd to design ,finance
,construct operate and maintain the facility for a concession period of 20 years .The consortium is
allowed to collect toll from the users of the project facility during the operation period to recover his
investment and the expressway is required to be transferred back to the government at the end of the
concession period .The expressway was commissioned in January 2008 after much delay primarily
owing to issues in land acquisition and changes in the scope of work.
(a) State the type of public sector Enterprise highlighted in the above case
(b) Explain any three features of this form of enterprise (4)

Q22 Tata Sky is a direct broadcast satellite television provider in India .It was incorporated in the year
2004.TataSky is a joint venture between the Tata Group and 2ist century fox .Its primary competitors
in this segment are Airtel Digital Tv ,Dish TV,Sun Direct,Reliance Digital TV,DD Free Dish and Videocon
D2H.

In the context of the above case ;

(a) Identify the type of service is being provided by Tata Sky.
(b) Explain briefly any two other telecom services available in our country. (4)

Q23 Many industrial organisations have been responsible for causing pollution.People are now raising their
voice loudly against pollution. Business enterprises can't remain unaffected by environmental
destruction. Explain the necessity of pollution control by business enterprises. (5)

Q24 In ancient India,the Greeks sailed from Egypt in the month of July and arrived at Muziri in about 40
days.They stayed on the Malabar Coast for about three months and commenced their return journey
Muziri in December or January .As the Indian seas were infested by Pirates,the Greek merchants
brought with them cohorts of archers on board their ships .Egypt being at this period subject to
Rome,the archers who accompanied the Greek merchants were Roman soldiers .The Pandyan kings
sent embassies to Rome and the Greek merchants were Roman soldiers.The Pandyan kings sent
embassies to Rome and had employed Roman soldiers as guards .There was a colony of Yavana
merchants at Kaveripattanam, whose existence is an index of prosperity of merchant communities and
professional classes.That Roman gold poured largely into Tamil country at this period is attested by the
numerous Roman coins dating from the reign of Augustus to that of zeno which have been found
buried in different parts of Tamilnaidu.
(a) State the concept used in ancient India whose existence is an index of prosperity of merchant
communities and professional classes.
(b) Enlist and explain four examples of the concept used in ancient India whose existence is an index
of prosperity of merchant communities and professional classes. (5)

Q25 Distinguish between 'Memorandum of Association ' and 'Article of Association ' by giving suitable
basis. (5)
Q26 For more than 150 years ,the Department of Posts has played a crucial role in the country's social
economic development .It touches the lives of Indian citizens in many ways ;delivering mails,accepting
deposits under small saving schemes , providing Life insurance under Postal Life Insurance and
providing retail services like bill collection , sale of forms ,etc The Department of posts also acts as an
agent for Government of India in discharging other services for citizens such as Mahatma Gandhi
National Rural Employment Guarnteed Scheme wage disbursement and old age pension
payments.With 1,55,015 PostOffices,the department of post has most widely distributed postal
network in the world .The funding of department of posts come directly from the government .
Treasury and is an annual appropriation frm the budget of the government ,The revenue earned by
these is also paid into treasury.

On the basis of the given information about the Department of Posts ,answer the following questions:
(a) How will you classify the Department of Posts ,as a form of public sector enterprise?
(b) State any four features of forms of Public sector enterprise identified in part (a) (5)

Q27 Mahesh Time Machine Ltd. is engaged in manufacturing electronic watches in Delhi. The company
received an order for supply of 600 watches from Karan Electronics in Madhya Pradesh. As the amount
of payment is more than 300000, Karan Electronics decided to transfer the funds directy from their
bank account through a mobile application. Nowadays, due to these services, customers do not need
to go to bank everytime he has to transact with bank.

On the basis of the given information about Mahesh Time Machine Ltd. , answer the following
questions:
(a) State the service of bank through which Karan Electronics have transferred the funds directly
from its bank account.
(b) Explain the benefits of these services available to customers. (5)

Q28. Cocacola Company produces concentrate, which is then sold to licensed Cocacola bottlers throughout
the world.The Cocacola Company is registered in USA and its business operation are spread in many
countries of the world. Its head-quarter is located in USA while the operations are in different
countries which is controlled from USA to manage the operations across the globe, company used
trained and professional manager. Better quality product are provided to customers and promotional
tools are aggressively used to increase the revenue from operations.
(a) Identify the type of Business enterprise highlighted by quoting the lines from above case.
(b) Explain any four features of the type of business enterprise identified in above question (6)

Q29 "A company raises funds from the public" .

Explain the steps required to raise the funds from public (6)

Q30 Nestle India is a subsidiary of Nestle S.A. of Switzerland which deals in foods and beverages.SInce its
founding, Nestle's business practices have ben governed by integrity, honesty, fair-dealing and full
compliance with all applicable laws. The company publishes a code of conduct for its employees.On
the basis of given information about Nestle India, answer the following questions:
(a) Company has made several socially determined moral principles which should govern its business
activities. What are they called?
(b) Explain the elements of the concept identified in part (A) above. (6)