NORTH HILLS INTERNATIONAL SCHOOL

Hebbal- Bengaluru
CLASS -11 . . . . . . . WORK SHEET -01 BUSINESS STUDIES (054) Time: 3 Hrs.
GENERAL INSTRUCTIONS:
1. This question paper contains 34 questions. All questions are compulsory.
2. Question no.'s 1 to 20 carrying 1 mark each.
3. Question no.'s 21 to 26 carrying 3 marks each.
4. Question no.'s 27 to 29 carrying 4 marks each.
5. Question no.'s 30 to 34 carrying 6 marks each.

SECTION - A
EACH QUESTION CARRIES 1 MARK

QI This removes the hindrance of persons:

(a) Trade (c) Communication (b) Transportation (d) Advertising

Q2 This business risk cannot be insured.

(a) Fire in a factory (c) Accidental damage of assets

(b) Foreign exchange fluctuations (d) Shipment of goods through sea.
Q3 Identify the type of industry highlighted in each of the following individual cases:

Pawan imports different components from China and assemble them to make computer.

(a) Extractive Industry (c) Assembling Industry

(b) Synthetical Industry (d) Construction industry
Q4 Who elects the board of directors in a company?

(a) Employees
(b) Minor Partner
Q5 Hindu succession Act was passed in 1

(a) 1952
(b) 1954
Q6 Which of the following business enterprise does not have a separate legal entity? (a) Sole
Proprietorship (c) Company

b) Partnership (d) Cooperative Society

Metro is which form of Enterprise?

(a) Public limited company (c) Government Company (b) Public Private
Partnership (d) Private Company
Q8 Maximum autonomy is enjoyed by

(a) Government Company (c) Public

Corporation
(b) Department undertaking (d) All of the above
Q9 Which of the following is a merit of Department undertaking:
(a) Operational Flexibility (c) Freedom from interference
(b) Autonomous Set-up (d) Answerable to Parliament
 Q10 Disinvestments of PSE's implies

(a) Sale of equity shares to private sector/public (c) Investing in new areas
(b) Closing down operations (d) Buying shares of PSE's
QII Centralized control in MNC implies control is exercised by 1

(a) Headquarters (c) Subsidiaries

(b) Branches (d) Parliament
Q12 Insurance is a contract between and 1

(a) Insured, insurance (c) Insurer, insured

(b) Insurer, family (d) Agent, Insurance
Q13 A person gets his stock worth 50,000 insured for 70,000. A fire occurs and the 1 whole stock gets
damaged. The insurance company admits a claim of 50,000 only and not 70,000. Identify the
principle of insurance being applied?

(a) Principle of Insurable Interest

(b) Principle of Subrogation
Q14 Bankers are not only dealers of money but also leaders in 1

(a) Industry development

(b) Service development
Q15 Both seller & buyers are business firms, under 1

(a) B2C Commerce

(b) B2B Commerce
Q16 Online buying and selling shares and other financial instruments is known as 1

(a) E- Procurement
(b) E-Delivery
Q17 India is the preferred destination for BPO because of 1
(a) Cheap manpower(c) Poor conditions
(b) Tax Free Zone for BPOs (d) Cheap people
Q18 Social responsibility is

(a) Broader than legal responsibility (c) Narrow than legal responsibility (b) Same
as legal responsibility (d) None of the above
Q19 Respecting the religious sentiments and dignity of people while advertising for a product is

(a) Economic responsibility (c) Ethical responsibility

(b) Legal responsibility (d) None of the above

Q20 Business people have the skill to involve

(a) Some social problems (c) No social problems

(b) All economic problems (d) All Social problems
 SECTION - B
EACH QUESTION CARRIES 3 MARKS
Q21 Why is commerce considered as the backbone of industry and other business activities? 3 Q22
According to partnership act 1932, it is not compulsory for partnership firm to get itself 3
registered, then why do partners prefer to get the form registered?
Q23 Identify the telecom services highlighted in the following cases: 3

(a) It enables a broadcasting company to directly beam the signal to the TV set through a
receiver that IS installed in the house. There is no need for a separate cable connection.
(b) These are a type of mobile telecom services including voice and non-voice messages, data
services and PCO services utilizing any type of network
equipment within their service area.
(c) It is a two-way satellite-based communication service, which is commonly used to
transmit narrowband data or broadband data.
Q24 What do you mean by e-business? What is the difference between e-business and 3
ecommerce?
SECTION - C
EACH QUESTION CARRIES 4 MARKS
Q25 Distinguish between business and profession on the basis of: (a) Qualification; (b) 4
Return; (c) Risk and (d) code of conduct
Q26 Partnership firm has several benefits as compared to sole proprietorship. Discuss any 4
four of them.
Q27 With enactment of LIC act 1956 and autonomous body, life insurance corporation of 4
India was formed. The act defines his powers duties and functions. It has a
separate legal entity. It is fully owned by government. It has Independent
Financial policy and can raise funds by borrowing from public and government.
However, it is not subject to any budgetary accounting or audit control like
railways. Its annual report is presented in Parliament every year.
(a) Name the type of Public Sector Enterprise referred in above case.
(b) Name the act under which it is formed. (c) Name any other
statutory corporation.
(d) State two features of statutory corporation mentioned above.

Q28 Explain various types of banks. Give example for each one of them. 4
Q29 Ajay is a manufacturer of readymade kids garments. He sells his products through 4
various dealers across the country. However, his sales are decreasing over the
years. Recently, his wife gifted him a jacket, which she had ordered through
Myntra. This gave Ajay an idea to start selling his products online. State any four
benefits that Ajay can get through e-business.
Q30 What is business ethics? Mention the basic elements of business ethics.
4
SECTION - D
LONG ANSWER TYPE QUESTIONS 6 MARKS Q31
Briefly discuss the various types of partnership.
Q32 Distinguish between government company, departmental undertaking and 6
Statutory corporation on the basis of (a) Formation; (b) Finance (c) Flexibility (d) 6
Legal Status (e) Public Accountability (f) Staff
Q33 Explain any six types of insurance.
Q34 What are the major areas of social responsibility of business? 6
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