I'd rather be honest than impressive.

BALA VIDYA MANDIR SR.SEC.SCHOOL

PEN PAPER TEST 1-2021

CLASS: 11 TIME: 40 Minutes

SUBJECT: BUSINESS STUDIES MAX. MARKS: 20

DATE: 02/08/2021

Instructions:

1) Students to take the test in true spirit without resorting to any kind of malpractice.

2) The test must be written in A4 ruled or unruled sheets/Notebooks.

3) Each and every page of your answer script must be duly numbered with the number along

with the total number of pages used. For instance, if the total number of pages is 4, then the

first page should be numbered as Page 1 of 4, followed by Page 2 of 4, then Page 3 of 4 and

finally Page 4 of 4.

4) The answer papers must be scanned or photos of the answer scripts can be taken and sent

as a file attachment preferably in the form of PDF to the email id given below.

5) Students of Class 12 D to send the attachment to: ady11businessstudies@gmail.com

6) The file (copy of the answer script) should be saved as ‘Subject-Class-Section-Name of

student’ and attached to the email. For instance, ‘ Business studies 11D Surya Raja Baalu’.

7) The subject to be mentioned in the email should also be the same as mentioned above.

8) Answer papers should be mailed on the same day by 10 p.m. without fail.
1. Sintex Industries Ltd. is an example of a type of organisation. Identify the organisation .

a. Private Ltd company b. Public Ltd Company

c. Joint Hindu family business d. Partnership business. (1)

2. The minimum number of members in a Public Ltd Company is___________

a. 3 b.10

c.7 d. 2 (1)

3. Which of the following is not governed by a specific act?

a. Sole Proprietorship b. Partnership
c. Company d. Cooperative society. (1)

4. Name the form of business organisation which is said to be an artificial person. (1)

5. Match the correct option: (1)

a. Company Act - 1912
b. Partnership Act - 2013
c. Cooperative societies Act - 1932
6. Despite limitations of size and resources many people continue to prefer sole
proprietorship over other forms of organisation. Why is it so? (3)

7. “Every member enjoys only one vote irrespective of the numbers of shares by him/her”
Identify the characteristics involved and also the type of organization to which it applies.
State two other characteristics of the same type of organisation. (3)

8. The business assets of an organization amounted to Rs.12,00,000 but the debts remain
unpaid at the time of closure of the business was 18,00,000. What course of action
can the creditors take if
a. If the organization is a sole proprietorship firm
b. If the organization is a partnership firm of Aswin and Murali who were sharing
profits and losses in the ratio 2:1.
c. If the organisation is Kingfishers (p) ltd. Explain giving reasons. (4)

9. Ravi, Pradeep, Satyender and Dharmender are partners in a partnership firm. Ravi and
Satyender take active part in the operation of business whereas Pradeep has contributed in
Capital but do not take part in day to day activities of the business. Dharmender is a nominal
partner. All four make partnership for a specified time period and also make written
agreement to govern the partnership but they do not get the firm registered.
a. What is meant by nominal partner?
b. Which type of partnership is there between the partners in above?
c. What is written agreement between the partners called?
d. What type of partners Pradeep and Ravi are?
e. Give two merits of getting the firm registered. (5)