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 Series ARSP/05 Set ~ 5
Roll No. Q.P Code 15/5/5
Candidates must write the Q.P Code
on the title page of the answer-book.

 Please check that this question paper contains 05 printed pages.

 Q.P. Code given on the right hand side of the question paper should be written
on the title page of the answer-book by the candidate.
 Please check that this question paper contains 34 questions.
 Please write down the serial number of the question in the answer-book
before attempting it.
 15 Minute times has been allotted to read this question paper. The question
paper will be distributed at 10:15 a.m. From 10.15 a.m to 10.30 a.m, the students
will read the question paper only and will not write any answer on the answer –
book during this period.

BUSINESS STUDIES

Time allowed: 3 hours Maximum Marks: 80

 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. Which of the following document is prepared by the exporter and includes details of the cargo in terms of the [1]
shipper's name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the
cargo?

a) Shipping bill b) Mates receipt

c) Packaging list d) Bill of exchange

2. NSIC was set up in: [1]

a) 1975 b) 1965

c) 1955 d) 1982
3. PSE's are organisations owned by: [1]

a) Joint Hindu family b) Foreign Companies

c) Private entrepreneurs d) Government

4. Which itinerant retailers are mostly found at places where huge floating population gathers? [1]

a) Cheap jacks b) Market traders

c) Hawkers and paddlers d) Street traders

5. A maximum investment that is required for equipment in Microenterprises which are engaged in rendering [1]
services is-

a) ₹ 5 lakhs b) ₹ 10 lakhs

c) ₹ 20 lakhs d) ₹ 15 lakhs
6. E-commerce offers many benefits to consumers. Which of the following is not a benefit resulting from e- [1]
commerce?
 a) Quick and Timely delivery b) Narrow outreach

c) More options and choices d) Flexibility

7. Funding for Departmental Undertakings comes from which of the following sources: [1]

a) Debentures b) Shares

c) Government Treasury d) Loans from Financial Institutions

8. Expand RSBDC [1]

a) Rural Small Bank Development Centre b) Rural Small Bank Development

Corporation

c) Rashtriya Small Bank Development d) The Rural Small Business Development

Corporation Centre
9. Which of the following statements is true regarding preference shares? [1]
A. Preference shares provide an unsteady income in the form of a flexible rate of return.
B. Preference shares are preferably for investors with a high-risk appetite.
C. Preference shareholders have voting rights.
D. Preference shareholders enjoy a preferential position over equity shareholders.

a) Only A is true b) Only C is true

c) Only D is true d) Only B is true

10. Assertion (A): Sole Proprietors have vast resources for investing in a business. [1]
Reason (R): HUF businesses have continued existence in contrast with a sole proprietorship.

a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.

c) A is true but R is false. d) A is false but R is true.

11. ________ are mobile traders who deal in low priced articles with no fixed place of business. [1]

a) Street stalls b) Retailers

c) Agents d) Itinerant traders

12. Which of the following is not a feature of Indian Malls? [1]

a) 24 × 7 shopping b) Wide Range of products

c) Different ownership d) Large in size

13. The life of sole proprietorship business is ________. [1]

a) long life b) unstable

c) very short life d) stable

14. Expand EOUs [1]

a) Essential Order Units b) Export Order Units

c) Essential Operating Units d) Export Oriented Units

15. Social responsibility is: [1]

a) same as a legal responsibility b) broader than legal responsibility

 c) Much lower than legal responsibility d) narrower than legal responsibility
16. Assertion (A): Marine insurance provides protection against loss by marine perils or perils of the sea. [1]
Reason (R): Loss is measurable in the case of marine insurance.

a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.

c) A is true but R is false. d) A is false but R is true.

17. ISO 9000 is concerned with: [1]

a) quality b) quantity

c) export d) import
18. Cattle breeding farms, poultry farms, and fish hatchery come under which industry? [1]

a) Genetic b) None of there

c) Manufacturing d) Extractive
19. State the full form of RWED: [1]

a) Rural and Women Experiential b) Rural and Women Employment

Development Development

c) Rural and Women Engagement d) Rural and Women Entrepreneurship

Development Development
20. Minimum number of members to form a private company is: [1]

a) 2 b) 7

c) 5 d) 3
21. Differentiate between Bill of lading and airway bill. [3]
22. The following cases highlight the various situations in which entrepreneurs suffered huge losses. Identify [3]
the cause of business risk indicated in the given cases:
i. Alok’s factory was completely destroyed due to floods.
ii. Tarang was a leading manufacturer of basic keypad mobiles. However, demand for such mobiles drastically
decreased after the origin of smartphones.
iii. Craft Ltd. is known for its technically advanced gadgets. The company is planning to launch the latest model
of speakers, which is not yet released in India. However, before the company could bring out its model, the
same type of speaker was launched by one of its competitors. On scrutiny, it was discovered that one of the
employees shared the technical aspects of the speaker with the competitor.
OR
Rohan, a student of business studies, wants to understand the interrelation between industry, trade, and commerce.
Help him.
23. Bhavesh owns a retail outlet in which he sells Men’s Wear. He has a stock of different brands like Allen Solly, [3]
Raymonds, Van Heusen, etc. His store is gaining a lot of popularity as there is a large variety of
men’s wear in all sizes and colours.
a. Bhavesh will be classified as which type of retailer and why?
b. Identify the category of the type of retail trade as identified in part (a) of the question under which Bhavesh
should be placed.
 c. State any three features of the type of retailer as identified in part (b) of the question.
24. What is the Intercorporate Deposit? [3]
OR
A seminar was held in New York on the problems of finance. Its topic was 'The Different Finance Sources' available
at the Global Level in the Modern Context.' 150 representatives from different countries participated in this seminar.
In this seminar, the discussion that took place was on the 'World-level Financial Sources'. All the representatives
expressed their respective opinions. One of the financial sources discussed in the seminar was such through which
the foreign companies could issue their security in India. Looking at the great possibilities of obtaining capital from
the investors in India, all of them showed a great interest in the discussion of this source. On the demand of people
present in the seminar, a special session on this source was organized. Another financial source that interested
everyone was the source through which money could be obtained from the investors in America and other European
countries. Since this source was concerned with a very big area, the number of people who took an interest in it was
also large. One of the Indian representatives threw light on the special characteristics of this source. His presentation
was appreciated by one and all. In the final session of the seminar, the discussion took place on such a source as
could be used only in America. In other words, through the use of this source, the capital could be obtained only from
the investors in America. At the end of the seminar, the organizers thanked all the guests and the seminar came to a
successful conclusion.
In the above paragraph, three financial sources were discussed. Quoting the relevant lines identify those sources.
25. Discuss the procedure for conducting business in case of mail order house. [4]
OR
There is an organisation in the field of business which raises its voice against the anti-business government policies.
Several times the government has to consider the protest of these associations and make changes in its policies.
Tell the name of such an organisation and in the light of the above statement write about any three of its activities.
26. What is the role of profit in business? [4]
OR
Radhika is running a small scale business of manufacturing decoration items in Delhi. Every year she contributes
10% of her profit to Manyata foundation, a popular NGO in Noida which supports the programs based on senior
citizen's healthcare and carrying out activities for them in the hospitals such as entertainment programs, festival
celebrations, and many more day-to-day activities.
In the context of the above case answer the following questions:
a. Identify and explain the type of objective of business being fulfilled by Radhika by providing financial help to
Manyata foundation.
b. Also, explain any three other objectives of business of the same type as identified in part (a) of the question.
c. List any two values that are being observed by Radhika.
27. e-business can be handled effectively by suitably qualified personnel and a well-designed system. Comment on [4]
this statement.
28. State the various types of organizations in the private sector. [4]
29. Give arguments in favour of the social responsibility of business. [4]
30. Explain the need for entrepreneurship development? [4]
31. What do you mean by exporting and importing? Mention its advantages and disadvantages. [6]
OR
Gaurav is a leading manufacturer of medical appliances in India. His company is famous for selling quality goods in
 a wide variety in the country. His most selling medical appliances include absorbent gauze, sterile gloves, surgical
face masks, surgical caps, crepe bandages, and other surgical disposables. He has recently procured an export order
for these medical appliances and has obtained his IEC code number. Since he has a ready stock of goods to be
exported he wishes to complete all other formalities before applying for the reservation of shipping space.
In the context of the above case answer the following questions:
i. What are the various formalities that Gaurav has to complete before applying for the reservation of shipping
space?
ii. Briefly outline the document that will be issued by the shipping company once his request for reservation of
shipping space is accepted.
32. Explain the factors to be considered while selecting a form of organization. [6]
OR
What is meant by promotion? Discuss the various steps taken by promoters in the promotion of a company.
33. State the merits and demerits of public deposits and retained earnings as methods of business finance. [6]
34. Discuss any three ways in which e-banking can be conducted. [6]