St.

Xavier’s School
C-Scheme, Jaipur
09/10/2021 Business Studies XI (A & B) Paper- 1 1 ½ Hours 40 Marks

General Instructions:

Read the questions carefully.

All the questions are compulsory.

Q1. Who are called the Real owner of the company?

a. Employees
b. Debenture holders
c. Shareholders
d. Creditors 1

Q2. The documents containing the terms and conditions of partnership firm is called:

a. Contract note
b. Certificate of incorporation
c. Partnership Deed
d. None of the above 1

Q3. The partnership firm formed to complete a single venture is called:

a. Partnership at will
b. Fixed period partnership
c. Particular partnership
d. Limited partnership 1

Q4. The form of business which is carried for providing service to its members is called:

a. Sole proprietorship
b. Joint Hindu Family
c. Partnership
d. Cooperative Society 1
Q5. If a per son want complete confidentiality in his business and want no interference of any other
person then suitable firm is:

a. Sole proprietorship
b. Partnership
c. Joint Hindu Family
d. Cooperative Society 1

Q6. Who is called the Parent of Company:

a. Directors
b. Registrar
c. Promoter
d. Shareholder 1

Q7. A government company is any company in which the paid-up capital held by the government is
not less than:

a. 49 %
b. 51%
c. 50%
d. 25% 1

Q8. Which service from the below mentioned provides protection from risk ?

a. Banking
b. Transportation
c. Insurance
d. Postal and Telecom 1

Q9. The person or firm who gets compensation is called:

a. Insurer
b. Insured
c. Premium
d. None of the above 1
Q10. After paying the full compensation the insurer enter into the shoe of insured. This is related to :

a. Principle of Indemnity
b. Principle of Subrogation
c. Principle of Contribution
d. Principle of Good faith 1

Q11. Principle of Indemnity is not applicable on:

a. Marine insurance
b. Fire insurance
c. Life insurance
d. All of the above 1

Q12. OLX is an example of which of the following category of E-business:

a. B2B
b. B2C
c. C2C
d. Intra B 1

Q13. Sending quotation of supplying raw material by one businessman to another is called:

a. B2B
b. B2C
c. C2C
d. Intra B 1

Q14. We can reach large number of customers in:

a. Traditional business
b. E-Business
c. Both ‘a’ and ‘b’
d. None of these 1

Q15. Personal inspection of goods is possible under:

a. Traditional business
b. E-business
c. Both ‘a’ and ‘b’
d. None of the above 1
Q16. If a person take fire insurance policy from 3 insurers. During loss due to fire he will get:

a. Loss amount compensation from all three separately

b. Loss amount, which will be contributed by all three equally
c. Loss amount, which will be contributed by all three in the proportion of policy amount
d. None of the above 1

Q17. Which of the following enterprise is formed as a part of government and does not has separate
legal entity ?

a. Statutory corporation
b. Government Company
c. Public Limited company
d. Departmental Undertaking 1

Q18. The government companies buy shares in whose name:

a. Prime Minister
b. President of India
c. Directors of company
d. Registrars of company 1

Q19. Public Limited Company comes under which sector:

a. Private sector
b. Public sector
c. Joint sector
d. PPP 1

Q20. Mail sent by purchase department to production department is an example of which of the
following:

a. B2B
b. B2C
c. C2C
d. Intra B 1
Q21. Rajiv is the sole owner of a shirt manufacturing factory. He took loan of Rs 30 lakhs from Jain
Finance company for expansion of his business. In beginning business was running well but later on
he started facing losses and due to continuous losses he was not able to repay the loan. After
receiving many reminders from finance company, Rajiv planned to close the business. He sold all his
machines and other assets and collected of Rs 20 Lakhs. He requested the finance company to settle
the accounts by taking Rs 20 Lakhs. The finance company refused and plan to file a case against him
in court. In court, Mr Rajiv gave the argument that he has sold all his business assets and loan was
taken by him for business and not for the personal use. So finance company must settle the account
by taking Rs 20 lakhs. The court did not agree with the argument of Rajiv and gave the decision in
favour of finance company and order Rajiv to pay full loan amount by selling his personal assets.

a. Name the form of business carried by Rajiv.

b. State the feature of ‘Identified business’ which is kept in mind by court while taking decision.
c. Is Rajiv’s argument of saying he and business are separate entity is correct ? 3

Q22. Mr Kabir took an Insurance policy against his car and after three months he sold it to Mr
Kailash. The car was stolen from outside of Mr Kailash’ house. Mr Kabir made a claim to Insurance
company. His claim was rejected on the ground the Mr Kabir was no longer owner of the car, so he
has no insurable interest and he has no financial loss with the loss of the car.

a. On the basis of which principle Mr Kabir’s claim was rejected ?

b. Was Mr Kabir right in making claim ?
c. Who should get the compensation ? 3

Q23. Explain the features of a ‘Government company’. (Any four) 4

Q24. Differentiate between Life Insurance, Fire Insurance and Marine Insurance on the basis of:

a. Subject matter
b. Element
c. Indemnity
d. Surrender value 4

Q25. Distinguish between ‘Memorandum of Association’ and ‘Articles of Associaton’. (Any six ) 6