JKG International School, Indirapuram

Class-XI Subject: Business Studies

M.M:5O

SECTION-A

MCQ (Multiple Choice Questions)

( 1X10=10 )

Q1 Modern concept of business insists on

(a) Earning huge profit

(b) Providing services
(c) Bearing risk
(d) Profit with service

Q2 Which of the following does not characterise business activity?

(a) Production of goods and services

(b) Presence of risk
(c) Sales or exchange of goods and services
(d) Salary or wage

Q3 Which document is an invitation to general public?

(a) MoA
(b) AoA
(c) Prospectus
(d) Registration certificate

Q4 Who among the following can be only beneficiary of business and does not have unlimited
liability?

(a) Secret partner

(b) Active partner
(c) Minor partner
(d) Sleeping partner

Q5 If a person wants complete confindentially in his business and wants no interference of any
other person the suitable form is
 (a) Sole proprietorship
(b) Partnership
(c) Joint hindu family
(d) Cooperative society

Q6 Which of the following enterprises is formed as a part of government and does not have
separate legal entity?

(a) Public corporation

(b) Government company
(c) Departmental undertaking
(d) Public Ltd. Company

Q7 PSE’s are organizations are owned by

(a) Joint hindu family

(b) Government
(c) Foreign companies
(d) Private entrepreneurs’

Q8 Minimum amount for RTGS is

(a) 25,000
(b) 2,00,000
(c) 50,000
(d) 1,00,000

Q9 Under which off the following posts a receipt in given by post office?

(a) UPC
(b) Speed post
(c) Parcel post
(d) Registered port

Q10 Which of the following can never be dishonoured?

(a) Bank draft

(b) Cheque
(c) Both (a) and (b)
(d) None of these
 SECTION-B

Short Question Answer

(2x6=12)

Q11 Define Hundi? (2)

Q12 Define e-Business? (2)

Q13 Give two examples of Statutory Corporation? (2)

Q14 How do Co-operative societies exemplify democracy? (2)

Q15 Which are the three industries which are exclusively for the

For the public sector? (2)

Q16 Explain any two auxiliaries to trade? (2)

SECTION-C

Long Question Answer

(4x4=16)

Q17 Explain any four functions of Commercial Banks? (4)

OR

Explain the meaning and elements of life Insurance?

Q18 Explain any four advantages of e-Banking? (4)

Q19 Explain any three points of difference between e-business and traditional

Business? (4)

Q20 Define Company. Explain any three types of characteristics of company? (4)
 SECTION-D

Case Based Question

(6)

Q21 Sharma brothers inherited some ancestral property. They decided to form a Hindu undivided
family consisting of four male members Mr. Raman Sharma was the eldest brother so he became
‘karta’. The business took loan of ₹20 lacs from Camera Bank ,which was to returned within 5 years .
Due to poor financial position of the business , they were unable to repay the loan . Brothers sold
the ancestral property for ₹ 10 lacs and paid the amount to Camera Bank .The bank filed a case of
recovery of balance amount .Mr. Raman Sharma pleaded the court that the loan was taken for the
purpose of business; so all members of business are liable to repay .The court said all members are
responsible only to the extent of their share in business and business property is already sold, but
you being karta will have to repay whole amount even by selling your personal property.

(a) In this case who has unlimited liability?

(b) Was the decision of court to claim only from Raman is justified?

(6)

Q22 Tata Sky is a direct broadcast satellite television provider in India . It is a joint venture
between the Tata group and 21st century fox . Its primary competitors are dish T.V., Reliance
digital TV, Airtel,etc,

In the context of above case

I. Identify the type of telecommunication service provided by Tata Sky.

II. Explain any other tow telecom services provided by Tata Sky