SUTLEJ PUBLIC SR SEC SCHOOL

AUGUST EXAMINATION (SESSION 2022-23)

CLASS XI COMMERCE
SUBJECT:- BUSINESS STUDIES
TIME: 1 HOUR MM 30

1 Which is not included in auxiliary to trade ? (1)

(a) Animal husbandry
(b) Insurance
(c) Transport.
(d) Warehousing.

2 Which is not an economic activity? (1)

(a) Clerical work in a bank
(b) Teaching in Govt school
(c) Cooking by a housewife
(d) Car production.

3 State any three difference between economic activities and non economic activities. (3)
4 Categories the following into business, profession and employment:
(a) A farmer (b) An advocate (c) A clerk (d) A hawker selling toys for children .(e) A person
repairing scooter on roadside. (3)

5 The business assets of an organisation amounted to 15000 but the debts that remain unpaid are
80000 what course of action can the creditors take if
 The organisation is a sole proprietorship form (3)

6 Ritika bought a readymade dress for ₹ 5000. Her friend liked the design of dress very
much, so Ritika sold the same dress to her friend for 5500 and made a profit of 500. After
completing her studies Ritika opened a shop of selling readymade dresses for girls.
(a) Can transaction between Ritika and her friend be termed as business?
(b )State the features related to ‘a’.
(c) Can the sale of dresses on her shop be called as business? (4)

7 State any four causes of Business risk . (4)

8 Explain types of partners. (5)
9 Commerce is considered as the backbone of industry and other business activities. Discuss the
various functions performed by commerce. (6)