JKG International School,Indirapuram

Class-XI Subject-Business Studies

M.M:50

SECTION-A

MCQ(Multiple Choice Question)

(1x10=10)

Q1 (d) Profit with service

Q2 (d) Salary or wage

Q3 (c) Prospectus

Q4 (c) Minor partner

Q5 (a) Sole proprietorship

Q6 (c) Departmental undertaking

Q7 (b) Government

Q8 (b) 2,00,000

Q9 (d) Registered port

Q10 (a) Bank draft

SECTION-B

Short Answer Question

Q11 Hundi can be defined as a financial instrument or a negotiable bill of exchange, which was used for
carrying out trade and credit transactions during the Medieval period in India. A Hundi is primarily an
unconditional contract or order which warrantees a monetary payment which can be transferred by valid
negotiation.

Q12 E-Business (electronic business) is any process that a business organization conducts over a computer-
mediated network. Business organizations include any for-profit, governmental, or nonprofit entity. Their
processes include production-, customer-, and internal- or management-focused business processes.
Q13 Reserve Bank of India (RBI Act, 1935)
Unit Trust of India (UTI Act, 1964)

Q14 The decision making power in a co-operative society lies in the hands of an elected managing
committee. Every member has one vote and this right to vote gives the members a chance to elect the
members of the managing committee. All these features lend the co-operative society a democratic character.

Q15 Three industries reserved exclusively for the public sector are atomic energy, defence and railways.

Q16 Auxiliaries to trade are those activities which facilities business. Transport, banking, insurance,
warehousing, and advertising is regarded as auxiliaries to trade.

SECTION-C

Long Question Answer

Q17 Functions of a commercial bank include receiving deposits, disbursing payments, collections, safeguarding
money, loaning money, and maintaining and servicing checking, savings, and custodial accounts.

OR

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company,
where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured
person or after a set period.

Q18 E-Banking offers discounts, convenience, speed, transferring services and the management of the funds,
24*7 facilities and the liquidity of the funds to its customers. Answer. It provides quick services because
individuals do not have to wait in lines to pay their bills or transfer payments .

Q19 Formation of E-business is easy. Formation of traditional business is comparatively difficult. Physical

presence is not required. Physical presence is required.

Q20 From the above definitions, it can be concluded that a company is registered association which is an
artificial legal person, having an independent legal, entity with a perpetual succession, a common seal for its
signatures, a common capital comprised of transferable shares and carrying limited liability .

SECTION-D

Q21 (a) In this case, Mr. Raman Sharma has unlimited liability as he is the Karta of the Hindu Undivided
Family and is responsible for all the decisions taken by the family.

(b) Yes, the decision of the court to claim only from Raman is justified as he is the Karta of the family and is
responsible for all the decisions taken by the family.
Q22 I. DTH (Direct to home) Service is being provided by Tata Sky

II. The other two telecom services are

(a) Cellular Mobile Services

(b) Radio Paging Services