XI Business Studies Marking Scheme

Subject Code – 054

Half Yearly Examination (2022-23)
Max. Marks: 80 Time: 3 Hours
General instructions :
1 This question paper contains 34 questions.
2. Marks are indicated against each question.
3. Answers should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 words.
5. Answers to the questions carrying 4 marks may be about 150 words.
6. Answers to the questions carrying 6 marks may be about 200 words.
7. Attempt all parts of the questions together.
1. The documents for registration of a company were filed on 21st March, 2021. The Certificate of Incorporation
was issued on 28th March, 2021. But the date mentioned on the Certificate of Incorporation was 27th March,
2021. From which date will the company be considered to be in existence and the contracts signed will be
considered valid.
(a) 21st March, 2021 (b) 28th March, 2021 (c) 27th March, 2021 (d) None of these (1)
2. Find out the liability of Anita in a company, who is a shareholder, holding 3,000 shares of ₹10 each. She has
already paid ₹6 per share.
(a) ₹10,000 (b) ₹1,20,000 (c) ₹18,000 (d) ₹12,000 (1)
3. Match the ‘forms of public enterprises’ in column I with their respective example in column II. (1)
Column I Column II
A. Statutory corporation (i) Railway
B. Government company (ii) Reserve Bank of India
C. Departmental Undertaking (iii) National Fertilisers Ltd.
Codes
A B C A B C
(a) (i) (ii) (iii) (b) (iii) (i) (ii)
(c) (i) (iii) (ii) (d) (ii) (iii) (i)
4. An organization is working for the purpose of public welfare as a ministry of government. It is financed by
government and all its income is deposited in government treasury. (1)
Identify which kind of public sector enterprise is it?
(a) Partnership (b) Departmental undertaking (c) Sole proprietorship (d) Company
5. Pepper was particularly valued in the Roman Empire and was known as Black Gold.
6. Airtel is a big company providing telecom services to millions of people in India. Similarly, BSNL also provides
telecom services to many people. Government of India is holding 100% of the share capital of BSNL, whereas
Airtel is not under the direct control of government. Identify the sectors in which Airtel and BSNL enterprises are
working.
(a) Public and private (b) Public (c) Private (d) None of these (1)
7. The shares of a government company are purchased in the name of which of the following? (1)
(a) The Indian Government (b) The President of India
(c) The Chief Minister of the state, where the head office of the company lies
(d) The Managing Director of the company
8. Strategic industries like defense and atomic power work as ……… . (1)
(a) departmental undertaking (b) statutory corporation
 (c) government company (d) None of the above
9. Banker’s cheque is also known as …… . (1)
(a) Overdraft (b) Cash credit
(c) Pay order (d) None of these
10. Mr Kabir Khan desires to have two benefits from his bank account, first, to earn higher interest on balance and
second, to face minimum risk of dishonoring a cheque. Which type of account should be opened by him in
Indus Bank?
(a) Current account (b) Saving account (c) Multiple option account (d) Recurring account (1)
11. Match the following. (1)
Column I Column II
A. Insurable interest (i) Insurable is liable for the loss only when
such loss is caused by the perils, which
are stated in the policy
B. Proximate cause (ii) A contract found on utmost good faith
C. Utmost good faith (iii) Insured must have economic interest at
the time of entering an insurance contract

Codes
A B C A B C
(a) (i) (ii) (iii) (b) (i) (iii) (ii)
(c) (iii) (i) (ii) (d) (ii) (i) (iii)
12. Himanshu will contribute capital only but will not be actively involved in management. What type of partner
Himanshu is?
(a) Active (b) Dormant (c) Nominal (d) Secret
13. Meera wants to buy a new laptop with latest features and want to sell the old laptop before buying the new one.
So, she listed her old laptop on quicker.com. She received good response from her post and was able to sell the
laptop at good price. (1)
Identify the component of e–business being described above.
(a) B2B transaction (b) B2C transaction (c) B2B transaction (d) C2C transaction
14. Skylack enterprises is dealing in mobile accessories. With the continuous increase in demand for mobiles, their
business is expanding. However, the MD observed that the decision-making process in the enterprise is very slow,
and level of coordination is decreasing between the various departments.
Tejas, an IT professional, suggested that the company should have its own internet to interact and deal between
various departments and persons within the firm. MD liked the idea and implemented it immediately. Identify the
branch of e-business suggested by Tejas.
(a) B2B transaction (b) B2C transaction (c) Intra-B transaction (d) B2E transaction (1)
15. Tata Sons and company used a technology due to which employees do not have to come to office. Instead office
goes to them and employees can work wherever they are with speed and time convenience their meetings can be
held online via tele/video conferencing.
Identify which technology is used by the company? (1)
(a) e-communication (b) Virtual Private Network technology (VPN)
(c) Both (a) and (b) (d) None of the above
16. Identify the type of Cooperative Society set up to protect interest of producers
(i) Consumer’s cooperative society (ii) Producer’s cooperative society
(iii) Marketing cooperative society (iv) Farmer’s cooperative society
(v) Credit cooperative society (vi) Cooperative housing society
17. Match the columns
(i) Patalipura (A) major centre for export of stones
(ii) Peshawar (B) major centre of textile industry
 (iii) Indraprastha (C) commercial junction on the royal road
(iv) Varanasi (D) important exporting centre for wool and for the import of horses.
(a) (i) – (A), (ii) – (B), (iii) – (C), (iv) – (D)
(b) (i) – (A), (ii) – (D), (iii) – (C), (iv) – (B)
(c) (i) – (B), (ii) – (D), (iii) – (C), (iv) – (A)
(d) (i) – (D), (ii) – (C), (iii) – (B), (iv) – (A)

18. The industries which provide support services to other industries are known as
(a) Primary industries (b) Secondary industries
(c) Commercial industries (d) Tertiary industries
19. Match the columns
(a) The document containing the rules, regulations and bye-laws of a company (i) Articles of Association
(b) The document inviting subscriptions for shares and debentures (ii) Memorandum of
Association
(c) The amount of money which must be raised before allotment of shares. (iii) Prospectus
(d) The principal document of a company (iv) Minimum subscription
(a) (i) – (A), (ii) – (B), (iii) – (C), (iv) – (D)
(b) (i) – (C), (ii) – (D), (iii) – (B), (iv) – (A)
(c) (i) – (A), (ii) – (D), (iii) – (B), (iv) – (C)
(d) (i) – (D), (ii) – (C), (iii) – (B), (iv) – (A)

20. Stages in the formation of a public company are in the following order
(a) Promotion, Commencement of Business, Incorporation, Capital Subscription
(b) Incorporation, Capital Subscription, Commencement of Business, Promotion
(c) Promotion, Incorporation, Capital Subscription, Commencement of Business
(d) Capital Subscription, Promotion, Incorporation. Commencement of Business
(e)
Ans 21 RTGS and NEFT are the fastest possible money transfer system through bank using internet facility In
RTGS system the transactioons are settled immediately as soon as these are processed ie no waiting period.
Minimum transaction value for RTGS is Rs 2 lakh.
Ans 22 One mark for each point with explanation.
OR
One mark for each nature of risk with explanation.
Ans. 23 One mark for each difference
Ans 24 One mark for meaning of e banking and two marks for its advantages.
Ans 25 1) Dhruv is Active partner

2) Dheeraj is Nominal Partner ( Two marks each with explanation)

Ans 26 Line from question –“MVT construction pvt ltd…………………….bricks and wood”
Secondary Industries.

Line from question ----“The Co. has got …………………………………………….trucks”

Tertiary Industries. ( 1.5+1.5 mark for each with explanation.)

Ans 27. Joint Hindu Family Business

b) 1. Liability 2. Control 3. Minor member ( 1+3)

OR
Two marks for each short note.
 Ans 28 PPP Features

1.High Priority Projects 2. Suitable for big Projects.3. Public welfare 4. Specialist required. ( 1+3)
Ans. 29. One mark for each difference
Ans 30 E Business ( One mark)
Benefits 1) Convenience 2) Ease of formation 3) Speed 4) Global reach ( One mark for each point)
Ans 31 First Political Party- Government Companies ( Two marks each with merits)
Second Political Party – Departmental Undertaking
Third Political Party - Statutory Corporation.

Ans 32 Two documents used are 1) Memorandum of Association 2) Articles of Association with its six points
of difference
OR
1) Identification of Business Opportunity 2) Feasibility studies 3) Name Approval
2) Next steps are
Fixing up signatories to Memorandum of association
Appointment of Professionals
Preparation of necessary documents.
Ans 33 One mark for each function

OR
One mark for each stage
Ans 34 Two marks for each account. Or each principle