DAV INSTITUTIONS: MAHARASHTRA AND GUJARAT ZONE

(UNDER THE AEGIS OF DAVCAE, DAVCMC, NEW DELHI)

FIRST TERM EXAMINATION
MARKING SCHEME
2023 - 2024
SUBJECT: BUSINESS STUDIES (054) - SET: B
1 Investment (a) 1
2 Both the statements are true 1
3 Before the incorporation (a ) 1
4 Karta ( c) 1
5 Public company (b ) 1
6 False 1
7 Public corporation (c) 1
8 Both a & b 1
9 Debit card (a ) 1
10 B2C (b ) 1
11 Contract R & D ( d) 1
12 Principle of contribution 1
13 51% 1
14 Employment (b ) 1
15 Human risk 1
16 All of these ( d) 1
17 Cooperative society (d ) 1
18 PPP ( c) 1
19 Government company (b) 1
20 Non-economic activity (b ) 1
21 1)Employment 2) Profession 3)Employment 1
1
1
22 No, Private company can immediately commence it’s business after certificate of incorporation 3
however a public company has to undergo one more stage.
23 1)No 2) Proximate Cause 3)The insurer is liable for the loss only when such loss is 3
proximately caused by the perils.
24 1)B2B-Transactions taking place business to business firms are referred to as business to business 3
2)C2C-Transactions taking place between two or more customers.
OR
1)Convenience 2)Speed 3)Global Reach.
25 MNCs 4
Features
1)Huge capital resources
2)Foreign collaboration
3)Advanced technology(Any other relevant point)

26 1)Intra-B Commerce 2)B2C Commerce 3)B2B commerce 4) C2C 4

27 Yes, the decision of the court is justified as the liability of the shareholders of the company is 4
limited to amount unpaid on the shares held by them (if any).
b)Limited liability

28 1)False it’s Departmental undertaking 4

 2)False it’s managed by BOD
3)True
4)False ,Statutory Corporation is established under a special act of the Parliament.
29 The given statement is defended.it is true that company is an artificial person as it created by law 4

However like a natural person a company can also own property & enter into contracts.

30 . (a) Utmost good faith 4

(b) Insurable Interest
(c) Mitigation
(d) Indemnity
OR
The given statement is not completely true
a)In case of Life insurance the insurable interest must be present at the time of acquiring the
policy.
b)In case of fire insurane the insurable interest must exist at the time of contract.
c)In case of marine insurance the insurable interst must exist at the time of loss but not necessary
at the time when policy taken

31 1)Identification of Business opportunity 6

2)Feasibility studies
3)Name approval
4)Fixing up signatories
5)Appointment of professional
6)preparation of necessary documents

32 1)RTGS:Online system for transferring funds in which transfer of money takes place from one 6
bank to another on a real time & on gross time
2)NEFT:Online system for transferring funds from one bank to another bank on net basis.
)C)
3)Cash credit:Loan given to the borrower against his current assets like shares,stocks etc.
OR
1)Life insurance:Contract between an insurance company & Insurance policy holder where
insurer promise to pay a sumof money in exchange for a premium upon the death of an insured
person.
2)Fire insurance: A contract whereby the insurer in consideration of the premium paid undertakes
To compensate the insured for any loss that may result due to the occurrence of fire.
3)marine Insurance:Contract of insurance under which the insurer undertakes to indemnify the
insured in the manner & to protect against marine loss.
33 Warehouse, Banking & Finance ,Insurance.. 6
34 Government company 6

1)Incorporation 2)Separate .legal entity 3)Finance 4)Management 5)Governed by provision of

memorandum & Article of Association.