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PT1 2023 24

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45 views

PT1 2023 24

Pt1 for 24 p.2

Uploaded by

s7d1583.dishant2631
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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KENDRIYA VIDYALAYA NO 2 RAIPUR

PERIODIC TEST – 1 EXAMINATION (2023-24)


CLASS- XI SUBJECT- BUSINESS STUDIES
1
TIME- 1 MARKS-
2
40
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General instructions :-
1. This question paper contains 17 questions.
2. Marks are indicated against each question.
3. Answer should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 worlds.
5. Answers to the questions carrying 4 marks may be about 120 worlds.
6. Answers to the questions carrying 5 marks may be about 150 worlds.
7. Answers to the questions carrying 6 marks may be about 200 worlds.

8. Attempt all parts of the questions together.


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Q.NO MARK
. S
1 There are many limitations on involving minors as partner in business. But in which 1
form of business organization, minor can also become its members very easily –

A. Joint Stock Company B. Cooperative Society

C. HUF business D. Sole Proprietorship


2 Patliputra was popularly known as commercial centre for.......... 1
a). Export of stones b). Import of Horses c). Centre of learning d). Centre of Textiles
3 Match the two columns: 1
(a) Analytical industry (i) Cement
(b) Synthetically industry (ii) Television
(c) Processing industry (iii) Oil refinery
(d) Assembling industry (iv) Sugar
A. a)-i,b)-iv,c)-iii d)-ii B. a)-iii,b)-i,c)-iv d)-ii
C. a)-ii,b)-iii,c)-iv d)-i D.a)-ii,b)-iv,c)-i d)-iii
4 Assertion ( A) : Business is an economic activity 1
Reason (R) : It is the obligation of business firms to contribute resources for solving
social problems and work in a socially desirable manner.
Choose the correct option:
A. Both A & R are true & R is the correct explanation of A
B. Both A & R are true ,but R is not the correct explanation of A
C. Only R is true but A is false
D. A is true but B is false
5 Mr. Gopal Das wanted to start business of supplying readymade garments. But he
was wondering about how much profit or return on investment he would be able to

1
earn. This situation reflects which characteristic of business?
A. Economic activity B. Element of Risk
C. Uncertainty of Return D. Profit Earning
Read the passage and answer the questions following (Q.6 to Q9) 1
Avtar, a brilliant automobile engineer, has recently developed a new carburettor in his
factory which he is running as a sole proprietor. The new carburettor can cut down
petrol consumption of a car engine by 40 percent. He is now thinking of producing it
on a large scale for which he requires a large amount of money. He is to evaluate
different forms of organisations for doing the business of manufacturing and
marketing his carburettor. He is advised to form a company. He wants to know about
the formalities required for the formation of a company. His friend ,Rohan, a
Chartered Accountant, told him about the process. There are people and firms who
are taking these steps and the associated risks and undertake to form a company
with reference to a given project and to set it going . They take the necessary
steps,like name approval, preparation of necessary documents,etc. to accomplish
that purpose. To fully understand the process one can divide the formalities into three
distinct stages, which are: (i) Promotion; (ii) Incorporation and (iii) Subscription of
capital. It may, however, be noted that these stages are appropriate from the point of
view of formation of any kind of company, Private company or public limited
company .
6 “There are people and firms who are taking these steps and the associated risks and 1
who undertake to form a company with reference to a given project and to set it
going.”What are these people called?
(a) Directors (b) Underwriters (c) Promoters (d) Shareholders
7 This document is a conclusive evidence of legal status of a company and is like the 1
birth certificate of the company-
(a) Certificate of Commencement of Business (b) Certificate of Incorporation
(c) Corporate Identity Number (d) None of the above
8 “They take the necessary steps,like name approval, preparation of necessary 1
documents,etc. to accomplish that purpose .”Application for the approval of name of
the company is to be made to:
(a) SEBI (b) Registrar of Companies
(c) Government of India (d) Government of state in which Company is to be
registered
9 A prospectus is issued by - 1
(a) A private company (b) A public company
(c) A public company seeking investment from public (d) All of the above
10 It can continue as long as the partners want and is terminated when any partner gives 1
a notice of withdrawal from partnership to the firm.
(a) Partnership at will (b) Particular partnership
(c) General Partnership (d) Limited Partnership
11 Describe the activities relating to commerce that removes: 3

2
(a) Hinderance of time. (b) Hinderance of finance.
12 What are Primary Industries? Explain the various types of Primary industries with 3
example.
13 Despite limitations of size and resources, many people continue to prefer sole 4
proprietorship over other forms of organisation? Why?

14 Jasbeer is a farmer. His younger brother, Ajeet is a company secretary while his 4
sister Geeta is a doctor in a hospital. Name the economic activities in which they are
engaged and differentiate among them on the basis of-

(a) Nature of work (b) Transfer of interest (e) Capital


15 Rashmi wants to start a joint stock company and approached M/s BCP Jain, a 4
promoter for advice. The promoters guided her that she can start a company :
(a) With the benefit of limited liability, sole recipient of profits and full control over the
business. OR
(b) she can go for a second form of company with min. two members but restriction
on transfer of shares .OR
(c) she can have unlimited members with no restriction on transfer of shares.
(i)Identify the three types of companies suggested by the promoters.
(ii)Differentiate between the companies identified in (b) and (c) on any three basis
other than those discussed above.
16 Name the form of business organization formed for the welfare of its member. 6
State it’s three merits and two limitations.
OR
Discuss any four factors that determine the choice of form of business organisation.

17 Kashish Clothing is a unit in Chennai manufacturing ladies garments.Their products 6


have a good share in the market.But since past one year they have been facing tough
competition from the competitors.Moreover due to change in the taste of customers
the demand of the previously produced dresses has declined.To get rid of the huge
stock the company decided to offer it at heavy discounts. In the month of December
due to untimely rain and flood in Chennai ,the factory again had to be shut down for
several days and suffer damage to stocks.Due to shut down the workers were not
paid wages for that period because of which the union went on a strike.All this has
resulted in heavy losses to Mohgun’s Ltd..

• (a) State the feature of Business being highlighted in the above paragraph?
• (b) Discuss the causes of the above feature discussed in the example.

…………………..

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