PANIPAT

Vidya Mandir, HUDA,

S.D.
Examination 2021
Mid-Term -
Business Studies
Class: XI
SET B
Max.Marks: 40
Time: 90 minutes

General instructions:
sections.
1. The Question Paper contains 3
20 questions.
2. Section A has 24 questions. Attempt any
20 questions.
3. Section B has 24 questions. Attempt any
10 questions.
4. Section C has 12 questions. Attempt any
5. All questions carry equal marks.
6. There is no negative marking.

Section A

merit of e business?
Q-1Which of the following is not a
-

(b) Convenience
(a) Global reach
Low personal touch (d) Ease of formation
Cld) intemet facility for managing
interaction and dealing among
various
Q-2AJ Ltd. Makes use of
business apparent in the
withina company. The component of e-
departments and persons
above lines is.. *°*°**

(b)B 2 B Commerce
(a)C 2 C Commerce
Commerce (d) B 2CCommerce
(c) Intra B its vendors online regarding various aspects
related to business
- 3 Saviour Ltd. Interacts with of orders, mode of delivery and so
on. The
transactions like price quotations, placement
above lines is...
component of e
-
business being describe in the
(b)B 2CCommerce
(a) B 2B Commerce (d) C 2 C Commerce
Commerce
(c) Intra B in Lucknow for rupees three
Q-4Harsh took a fire
insurance policy for his garment factory
due to short circuit. The total amount of
months later, a fire broke out in the factory
crores. Three claim for Rs. 3 crores. The insurance
estimated to be Rs. 50 lakhs. Harsh filed a
loss was the above case.
Harsh up to r u p e e s . . . i n
company is bound to pay c ) 50 lakhs (d) 2.5 crores
(b) 1.5 crores
(a) 3 crores
Rs. 2 crore life cover for his father's on 15th April
Q-5Naresh boughta life insurance cover for stones. On 20h April 2020 his
his father aliment that he had kidney
2018 without disclosing about to settle his claim of policy
malfunctioning. The insurance company refused
father died of kidney was furmished about his father's health. Identify the
on finding out
that incorect infomatlon
insurance being violated
in the above case.
principle of (b) Proximate causee
(a)lndemnity (d)Utmost Good Faith
(c) Insurable interest
is withdrawn from a bank account and the available balance
...occurs when money
Q-6....
goes below zero.
(b) Bank draft (c) Crossed cheque (d) None of the above
a ) Bank Overdraft

XI-
 settled in batc1
basis and
fund transfer is
settlement
deferred
on a
Q - 7 . . . o p e r a t e s

Settlement
time slots. Time Gross
created on the basis of hourly (b) Real above
Fund Transfer of the
(a) National
Electronic
(d) None the..
above is paid into
'(c) Both ofthe eamed Undertakings
Q-8The revenue byDepartmental (b) President Account
:
. Use by company
itsef
(d) None of
these
company
(a) steel making
C) Govemment treasury state-owned

India Limited (SAIL)

is an Indian
owned and operated
by the
of in India.
Q - 9 Steel Authority a public
sector undertaking, and the 3° largest
India. It is the world
based in New Delhi, producers in shows that
SAIL
India it is the largest steel 20 of India. This
G o v e m m e n t of
President
been issued in
the name of
share have
75% of its enterprise.
is of ...from public sector (b) Joint venture
(d) Departmental Undertakings
a ) Govemment Company
(c) Statutory Corporations enterprise ?
as which type of public
India has set up
Q-10Reserve Bank of (b) Joint venture
(a) Departmental Undertakings ud) Statutory Corporations
(c) Govenment Company

Q-11DTH services are provided by.. (b) Banks

these
(a) Transport companies (d) None of
(¢) Cellular companies
responsibility
Q-12 Social responsibility
is (b) Narow than legal
(d) None of these
responsibility
(a) Same a s legal problems,
Broder than legal responsibility and complicated
() operate in a society which
is full of diverse
is to
Q-13 If business of success
it may have (b) Great chance
with success chance of success
(a)No
relation dLittle
failure assumption of
social
chance of the need for the
(c) Little arguments highlight
the following c o m m o n good?
Q-14 Which of enterprises to
work towards
business regulations
Responsibility by (b) Avoidance of govermment
a
maximisation objective
(d) Violation of profit
consumers
Burden on
(a) skills which contributes significantly to
(c) Lack of social economic activity
in India is a major around 7,00,000
Q-15 The Mining industry provides job opportunities to
of Indla. Indian mining
industry
the economyIdentify described in the above lines
the type of industry being (b) Manufacturing industries
individuals.
(a)Genetic industries
c)Extractive industries (d) Tertiary industriess the
online portal. Due to outbreak of pandemic
is
Q-16 Jay dealing in luxury Items through in the above described
of business being
demand for such products has declined. The concept
lines Is ... *
(b) Entrepot trade
(a) Auxiliaries to trade
,() Business risk (d) Soclal responsibility
Q-17 Fishing' is what type of industry?
(a) Primary industry (b) Secondary industry
(c) Commercial industry (d) Tertiary industry

XI-2
 6 Ajay started a small business of manufacturing sanitizers few months back
and within a
short span of time, his business gained popularity and createda market
a result, Ajay feels great amount of self satisfaction, whenever he is given standing
for itself.
sole credit for the
suCcess of his business. Identify the merit of sole proprietorship being highlighted in the above
lines.
a) Sense of accomplishment (b) Quick decision making
(c) Confidentiality of information (d) Direct incentive
Q-19In case of Joint Hindu Family business all its members who have an equal ownership
right over the property of an ancestor are known as...
aj Co-parcenerss (b) Karta
(c) Members (d) Shareholders
Q-20 This type ofcooperative society aims at eliminating middleman to achieve economy in
operations.
(a) Producer's cooperative societies b ) Consumer's cooperative societies
(c) Marketing cooperative societies (d) Credit cooperative societies
Q-21 A govemment company means any company in which not less than
per cent of the paid up capital isheld by govermnment.
(a) 49% (6) 50% kc) 51% (d) None of the abovea
is the most important document as it defines the objective of the company.
Q-22... . . .

(b) Partnership deed

(a) Articles of Association
(d) Incorporation certificate
Jc) Memorandum of Association
Q-23 The Memorandum of Association must be signed by at least. .persons in case

of a public company. (d) Five

(b) Three c ) Seven
(a) One
5,000 of
shares. The face value share is
- 2 4 Ritesh is a shareholderin a company holding in the event
share. His remaining liability
Rs.100. each, on which he has already paid Rs.70 per
to...
of lossesor company's failure to pay debts be only up
***

) Rs. 1,50,000 (d) Rs. 5,00,000

(a) Rs. 3,50,000 (b) Rs. 70,000

Section B

Section- B has 24 questions Attempt any 20 questions

are not included in e-commerce?

- 2 5 Which ofthe following transactions
customers
(a) A fim's interaction with its the suppliers
it's
(b) A fim's interaction with of
production function
Uc) Electronic management
(d) All of the above
touch is
Q-26 Opportunity for inter-personal
business than e- business
a) More in traditional
than in traditional business.
(b) More in e-business
both.
(c) Same in
the above
(d) None of
Q-270verdraft facility is customerwith
provided to
(b) Saving Account ( Current Account (d) All of them
(a) Loan Account

XI-3
Q-28 Which ofthe following is a services provided by e- banking?
transfer
(a) Cable services 46) Electronic funds
(c) Cellular mobile services (d) All of the above
Q-29 The Principle of indemnity is not applicable to.... .insurance.
(a LIfe ( b ) Fire (c) Marine (d) All of the above
Uberrimae fidei.
Q-30 Assertion (A): The contract ofinsurance is a contract of
Reason (R): The Insured and the insurer should be honest and the truthful in giving
infomation to each other.
Now mark the correct option:
(a) Both the statements are incorrect.
(b) Assertion is correct but Reason is incorrect
Assertion.
(c) Both the statements are correct but Reason is not the correct explanation of
Assertion.
(d) Both the statements are corect and Reason is the correct explanation of
Q-31Which ofthe following is not the responsibility of business towards the workers?

(a) Provide opportunity to the workers for meaningful work

(b) Offer right quality and quantity of goods and services
(c)Ensure good working conditions
(d) Confim a fair wage to its workers.
Q-32 Column A Column B
(0) Consenvation of natural resources (a) Responsibility towards employees
(i) Offering fair wages and salary (b) Long tem interest of the firm
(ii) Need for social responsibility (c) Responsibility towards the community

A. (-(a): (i)-Ab): ()-Ac) B. i-c): (i(a); (ii(6)

C. (0H6); (OH©); ("{a) D. (i-(b): (iHa); (i)-(c)
Q-33 The type of account in which the deposits in excess of a particular limit automatically
gets converted into Fixed Deposit.
(a) Recurring Deposit (b) Fixed Deposit Account
c)Multiple Option Deposit Account (d) Saving Account
Q-34 Match the following:
COULMNA COLUMNB
(i) Insurers share the loss (a) Causa Proxima
(i) Nearest reason for loss (b) Contribution
Gii) The damaged pats of property will be
taken by Insurance company after giving (c) Doctrine of subrogation
compensation for the loss.
A. (i)-(b): (ii)- (a); (ii)- (c) B. (i)-(c);: (i) - (b); (ii) - (a)

C. ()-(a): (")- (c); (ii)- (6) D. ()-(a); ()-(6);(ii) - (c)

Q-35 Read the two
statemenis
Statement A: Statutory Corporations are enterprises brought into existence by Special Act of
Parliament.
Statement B: Govemment Companles are not directly accountable to the Parliament.
Now mark the correct optlon:
statement are incorrect
(a) Both the
6) Statement A is correct Statement B is incorect
but
but Statement B le not the correct
C)Both the Statements are corract explanation of
Statement A.
correct and oatement B is the comect explanation of statement A
(d) Both the Statements are

X4
 ..... is an invitation to the public to apply for securities of the company or to

deposits in the company.

a) Memorandum of
association b)Prospectus
(d) Statement in lieu of prospectus
) Agreement
and sell the produce. One
-37Sohan decided to start an organic farm to grow vegetable
is the easy availability of organic seeds and
of the key factors for his business decision
describe in the above lines.
Recognise the type of feasibility study being
fertilizers.
(b) Financial feasibility
(a) Technical feasibility
(c) Economic feasibility (d) None of the above
masks, keeping in view its growing
Q-38Reena decided to start a business of manufacturing described in the above
for pandemic. Identify the function of promoter being
demand during
lines. (b) Feasibility studies
(e ldentification of a business opportunity documents
(c) Name approval
(d) Preparation of necessary
certificate of the company.
. . i s also known as the birth
Q-39The certificate of. Inoorporation (d) Appreciation
(b) Commencement
(a) Deposit )
choosing the correct option.
Q-40 Match the following by Column B3
Column A
(a) Joint Hindu Family Business
(i) Direct incentive
(b) Partnership
(ii) Governed by
the Hindu Law (c) Cooperative society
(ii) Mutual agency
(d) Sole proprietorship
(iv) Voluntary membership
B. (-(b): (i)Hc): (i)Hd): (ivHa)
A. (i)d); (i)Ha): (i(b); (iv-(¢) D. i-d): (i)-(©); (i)-(6); (iv)-{a)
C.(iHC; (HO);(m)Ha)}; (VHD)
In a cooperative society, the
principle followed is :
Q-41 (b) No vote
one vote
(a)One share one vote
(d) Mutiple votes
uc One man of its members. Which feature of
A Company is a creation oflaw and exist independent
Q-42 in above mentioned line.
Company is highlighted
(a) Formation (6) Separate legal entity
(c) Perpetual succession (d) Artificial person
as the partners want and is
terminated when any partner gives a
- 4 3 It can continue long
as

withdrawal from partnership to the

firm
notice of (b) Particular Partnership
(a )Limited Partnership
(c) General Partnership (d)Partnership at will
asoclauon witn tne im is unknown to the general
o- 44 A....partner is one whose
public.
Partner (b) Active Partner (c) Sleeping Partner(d) Nominal Partner
a) Secret
statements: Assetion and Reasons. Choose one of tho
Q-45Read the following
correct given below:
Warehousing faciltates the availability of goods
as and when realirod
Assertlon (A) : d.
Reason (R): Warehousing removestthis hindrance of Time by providing facility of storage of
goods.
from the options given below:
Choose the correct optlon
and (R) are incorrect
(a) Both (A)
but (R) is incorect
(b) (A) is correct
are correct, and R is not correct explanation of A
(c) Both (A) and (R)
d) Both (A) and (R) are corect, and R is correct explanation of A
XI-S
Q-46The auxiliaryto trade help in creating Place utility
(a) Advertisement (b) Insurance
(c) Transportation (d) Warehousing
of gain.
Q-47....risks means chance of loss without any possibility
(a) Speculative (b) Natural (c) Pure (d) None of the a
-48Which ofthe broad categories of industries covers oil refinery and sugar mills?
(c) Tertiary (d) None of them
(a) Primary (b) Secondary

Section-C
Section-C has 12 questions Attempt any 10 questions.

Q-49 Providing protection to natural environment is a type of social responsibility of a

business towards.
e) Govemment and community (b) Employees
(c) Owners (d) Consumers
Q-50 Lakshay Ltd is an IT company having many shareholders. In reality the financial position
of the company is week. But in its meeting with shareholders it presented a very good picture of
the financial affairs of the company to attract more of them. Social responsibility towards which
group is ignored in above para.
(a) Shareholder or owner (6) Consumer (c) Workers (d) Government
Q-51 E - commerce covers a firm interaction with its.... .over the internet.
(a) Customer (b) Supplier
(cyBoth with customer and supplier (d) None of these
Q-52 It refers to the pecuniary interest in the subject matter of the contract of insurance.
(a)Subrogation b Insurable interest (c) Indemnity (d) Mitigation

Read the following text and answer questions number 53 56 on the basis of the
same
BHEL and SAIL being government companies provide goods and services at reasonable rates to the
public at large. Majority of its share are held by government. It is registered under the Companies Act
2013 and thus possesses all characteristics of a company like separate entity, perpetual succession
and a common seal. It can sue and be sued, enter into contracts and acquire property in its name

The Board is appointed by the govemment and its shareholders and is responsible for an efficient
management. The company prepares its annual report and submits to the appropriate authorities.

Q-53 Identify the kind of enterprise of Public Sector undertakings from the above lines.
a) Govermment Company (b) Departmental Undertakings
(c) Statutory Corporations (d) Joint venture
Q-54 Under which legislation are such enterprises established?
(b) Cooperative Act
(a) Special Act of Parliament ) Company Act 2013
(c) Govermment of India Act 1919
Q-55 In whose name are the share of these companies purchased?
(b) Prime Minister
(a) Board of Directors Ad) President
(c) Public
XI-6
 hentify the feature (s) as quoted in the passage
Separate entity
c) Common seal
(b) Perpetual succession
d) All of the above
57 Ankur saves Rs. 3,000 every month.
the bank? Which type of Bank Account he
should open
(a) Current Account
(b) PDF AcCount
(cRecuring Deposit Account (d) Saving Account
Q- 58SEBI stands for
(a) Share and Exchange Board of India b) Securities and Exchange Board of India
(c) Securities and Export Board of India (d) Services Exchange Board of India
Q-59. . . . . ... is a type of business unit where a person is solely responsible for providing
the capital.
(a) Cooperative societies (b) Joint Hindu Family business
(c) Partnership (d} Sole proprietorship
Q-60The onset ofthe pandemic has redefinedthe work environment. The sudden thrust
Towards digitisation has increased the business prospects of oyber- security agencies manifoids.
above lines which has benefitted
ldentify the type of industry being described in
(a) Primary industry (b) Tertiary industry
(c) Secondary industry (d) All of the above

XI-7