») PRINCIPLES OF COMMERCE HSSC-1 Yj SECTION — A (Marks 15) Time allowed: 20 Minutes Version Number | 3/14[7|1 ‘compulsory. All paris of this section are fo be answered on the separately provided OMR Answer Sheet which should be completed in the first 20 minutes and handed over to the Centre Superintendent, Deleting/overwriting is not allowed. Do not use lead penci ‘Choose the correct answer A/B/C /D by filling the relevant bubble for each question on the OMR Answer Sheet according to the instructions given there. Each part carries one mark. 1) Primary industry can be divided into two parts: Extractive, genetics 8. Constructive, genetics C. Extractive, manufacturing D. Constructive, manufacturing 2) The persons who manage the affairs of a company are called: A The shareholders B. The debenture holders ©. The promoters © Thedirectors 3) The shareholders should be informed about the statutory meeting at least: A tAdaysbefore B. 21 daysbefore C. 7 daysbefore D. 12 days before 4) Aconsumer has a direct link with ‘A Retailer B. Wholesaler + C. ~—iIndustrialist. Agent 5) What is written in business letter after complimentary close? A Signature B,-—Salutation © C.—Subject D. Name of addressee 6) The letters which are written to debtors who do not pay thelr debts on due dates are called: A Letters of credit B. Collection letters ©. Adjustment letters D. Complaint letters 7) The wholesaler creates a link between: A. Retaller and consumer (B_Retailer and manufacturer ©. Consumer and manufacturer D. Manufacturer and government 8) The person who makes arrangements for the departure of goods is a/an: ‘A. Underwriter B. Clearing agent ©. Commission agent D. Forwarding agent 9) The audit of @ public limited company is: A. Necessary on yearly basis B. _Notnecessary ©. Necessary afier every thres years «iD. -—=—_sNecessary after every six years 10) How many types of accidental insurance are there? A One B Two ©. Three D. Four 11) Holding company is a company which has ‘A. No shares of other company B. Less than 50% shares of other company C. More than 60% shares of other company D. 0% shares of other company 42) Typewrtter was invented in A 1870AD 8, 1873AD =. 1973AD =i. 1987 AD 13) The maximum number of partners in banking business are: Qi ten 8. Twenty c. Thirty D. Fit 44) In Shirkat-ulAnan the shareholders/partners invest: A Onlycash B. Cash and goods ©. Only goods D. Only furniture 1) Channel of cistribution is a route used by a set of independent business institutions to supply: A. Goods and Informations B, Services and Informations ©. Informations D. Goods and services Ha 19817Fee oal os gl Version No.| 3 | 4 74 18: AP ie eked Jpnal Ce LPT LIP RnB LQG ROMR) EY Wire Pioya lo — eb KY ng Papas 4 (Bubble) + eee Born él afte wets nwt E937 50 ebaullet LLSF NBICID Hn yyeiturncebe D Gasbk dF c B bee A ete pee D c flint Bukit A cee pL Goomot une D c kori 8 Bots A Seba tale ete D ke 8 WE 8 pot A se ty in le KB eBiiut oD ott c oh B i A ZL poem gh ead Parte ULWI Lbs uLuieosle A LWieLet OD LWP Lei € ter Poa OE oerEKugathjnt BB onl ies A wyrLeFultie — D onde do etd oc enti ebnpielign D etfs ae c cube F Cedeee D ae: 2 8B fe PER iPr EME Le D unvbicwiso «= Cunfewdso BB une OA inl APngtt D 1973, Cc Fe1873. B 6/1870 A cede tic tL E D 30 c 20 B 10 A neko slides BB a uLigisyr OD ¥ c te Aid Lad, pa enire Oui EF D wih Gates Bey A tha 1017 o1nSi4 etecomeyTeudTie Al a @ ao a “2 (13 a4 (1sbY PRINCIPLES OF COMMERCE HSSC-I Time allowed: 2:40 Hours Total Marks Sections B and C: 60 NOTE: Answer any nine parts from Section ‘B’ and any two questions from Section ‘C’ on the separately provided answer book. Use supplementary answer sheet i.c. Sheet-B if required. Write your answers neatly and legibly. ‘SECTION — B (Marks 36) Q.2 Attempt any NINE parts. The answer to each part should not exceed 5 to 6 lines. (9x 4=36) () Briefly explain the types of foreign trade. (i) Whyis the life of sole tradership is limited? (il) Define the joint stock company. (iv) State the objectives of a co-operative society, (Define ‘clearing agent (vi) What is meant by advertisement? (vi) Whatis meant by marine insurance? (vil) List down the types of means of transportation. (&%) State the importance of warehousing, (%) Write short notes on: a) Calculators. b)— Invoice Machine (x) State the methods of indexing, (a1i) Write four merits of good filing system. ‘SECTION - G (Marks 24) Note: Attempt any TWO questions. Ail questions carry equal marks. (2x 12= 24) Q.3 Whats meant by business? Describe its objectives and functions Q.4 Define partnership. Why is partnership considered better as compared to other business organizations? @.5 Define business finance and discuss its importance. cas AP) (ae ae teas tuyy ga Lani (09) 9 Ge vitiow 3 tedarine ats 0) Loe rE wp Lf LF w LAASHMLLE oy See ga wi teow Wy) wthfe dnd F bus. wi) teypfeaifp (4) Ue Sih, ww ® (Invoicing Machine oberg SAF Fe PL Sire! — (xi) (24 AS) price eee CoufEviep Edin» WD Loos AL Me npent tlie fete LL BL KSLA hr ASML biut ade aL fobenidy AHA 117 —