CBSE sample papers, Question papers, Notes for Class 6 to 12
KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION
QUESTION PAPER, SET – I CLASS XI - BUSINESS STUDIES CLASS: XI TIME: 3 HOURS MAX. MARKS: 90
GENERAL INSTRUCTIONS: • Answers to questions carrying 1 mark maybe from one word to one sentence. • Answers to questions carrying 3 marks maybe from 50 – 75 words. • Answers to questions carrying 4 marks maybe about 150 words. • Answers to questions carrying 6 marks maybe about 200 words. • Attempt all parts of a question together.
1. The industries which provide support services to other industries are known as (a) Primary industries (b) Secondary Industries (c) Tertiary Industries (d) Commercial industries (1)
2. Carbon monoxide emitted by automobile directly contributes to
(a) Water pollution (b) Noise pollution (c) Land pollution (d) Air pollution (1)
3. The capital investment in a small scale industry is
5. Just mention any two types of external trade. (1) 6. Just mention the main communication which helps business for establishing link with outside world? (1) 7. What do you mean by e-business? (1) 8. What is Letter of Credit? (1) 9. State any two sources of long term finance. (1) 10. Define Business risk. (1) 11. Briefly explain three advantages of issuing debentures. (3)
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12. Distinguish between private and public company. (3)
13. Briefly explain three features of MNCs. (3) 14. Explain any three types of warehouses. (3) 15. Explain the merits of Mail Order Houses. (3) 16. What do you understand by Sole proprietorship firm? Explain its demerits. (4) 17. Briefly explain any four types of preference shares. (4) 18. Distinguish between wholesale trade and retail trade. (4) 19. Distinguish between traditional business and modern business. (4) 20. Distinguish between Departmental stores and multiple shops on the basis of: (a) Location (b) Credit facilities (c) Services offered (d) Class of customers (e) Pricing (5) 21. Explain the causes of pollution. (5) 22. Explain any five features of co-operative society. (5) 23. What are the incentives provided by the government for industries in backward and hilly areas? (5) 24. Briefly explain the features of statutory corporation. (5) 25. Explain the characteristics of business (OR)
Compare business with profession. (6)
26. Distinguish between Domestic and international business (OR)
Write short notes on the following:
(i) Bill of lading (ii) Mates receipt (6)
27. Explain the principles of Insurance.
(OR)
Explain the functions of commercial banks. (6)
28. Distinguish between owner’s funds and borrower’s funds. (OR)
Explain the Merits and demerits of retained earnings. (6)
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KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION
SCORING KEY/MARKING SCHEME – SET – I
CLASS: XI TIME: 3HOURS
SUBJECT : BUSINESS STUDIES MAX.MARKS:90
1 (c)Tertiary Industries 1
2 (d) Air pollution 1
3 (c)One crore 1
4 It refers to a long term contracting out of core and non- core activities 1
5 Export and Import trade 1
6 Postal and telecommunication 1
7 Conduct of industry trade and commerce using the computer network 1
8 The document containing the guarantee of bank to honor drafts drawn on it by 1
an exporter. 9 Issue of shares 1 Issue of debentures 10 It refers to the possibilities of inadequate profit or even losses due to 1 uncertainties or unexpected events (a) Fixed income at lesser risk 11 (b) Financing through debenture is less costly 3 (c) No loss on control BASIS PRIVATE PUBLIC Members Minimum- 7 Minimum- 2 12 Maximum Maximum- 50 3 Unlimited Minimum No. Of 3 2 Directors
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Index Of Compulsory Non- Compulsory Members (a) Huge capital resources 13 (b) Advanced technology 3 (c) Centralized control (a) Public Warehouses 14 (b) Private Warehouses 3 (c) Bonded Warehouses (a) LIMITED capital requirement 15 (b) Elimination of middle man 3 (c) Absence of bad debts Sole proprietorship refers to a form of organization owned managed and controlled by individuals who is the recipient of all profits and bearer of risks. 16 4 (a) LIMITED resources (b) Unlimited liabilities (c) Limited life of a business concern Cumulative Preference shares
Non- Cumulative Preference shares
17 4 Participating Preference shares
Non- Participating Preference shares
Wholesale Retail
Sold in bulk quantities Sold in small quantities
18 2x2
Single variety of goods are sold Many varieties of
goods are sold
BASIS TRADITIONAL BUSINESS E-BUSINESS
1.EASE OF FORMATION Difficult Simple
19 4x1=4 2.PHYSICAL PRESENCE Required Not required
3.COST OF SETTING UP High Low
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4. OPERATING COST High Low
BASIS MULTIPLE DEPARTMENTAL STORES SHOPS 1 Location Central location is a must Central location is not needed
2 Credit Facilities Credit facilities are Only cash basis
available No credit facilities 20 3 Services Offered Maximum Services Very Limited Services
4 Class of Customers High income group Lower income
group also
5 Pricing Do not have uniform Uniform prices
prices
AIR Pollution 21 WATER pollution 5 LAND pollution NOISE pollution (a) Voluntary membership (b) Service motive 22 (c) Limited liability 5x1 (d) Democratic control (e) Registration is compulsory No rent
Power at concessional rate
23 5x1 Water at concessional rate
Abolishing Octroi
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Tax holiday
1.It is setup by passing a Special ACT in the parliament
2. Wholly owned by the state
3. it can sue and can be sued
24 4. Employees are not government employees 5x1
5. Not subject to the same accounting and audit procedure applicable to
government department
(a) An economical activity
(b) sale of or exchange of goods and services (c) Dealing in goods and services on a regular basis (d) Profit earning (OR)
BASIS BUSINESS PROFESSION 4×1 ½
25 QUALIFICATION No Minimum Training in a =6 qualification is specific field necessary is must
RETURN PROFIT PROFESSIONAL FEE
Risk More risk Some risk
Transfer of Possible Not possible interest BASIS DOMESTIC INTERNATIONAL Nationality of Same nation Different nations 26 buyers and sellers Currency of Use of currencies Currency used domestic Of more than one country is used Country
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Mobility of Relatively more Relatively less
factors of Within the production country Nationality of Usually citizens Stake holders are from different nations other stake holders of the same country (OR)
After receipt of freight the shipping company issues an official receipt of goods private on board, it is known as Bill of lading. It is also document of title to goods. 3+3=6
Mates receipt: This receipt is given by the commanding officer of the ship to the exporter after the cargo is loaded on the ship.
(a) Utmost good faith
(b) Insurable interest Any 4 (c) Indemnity points (d) Proximate cause 27 (OR) (a) Acceptance of deposits (b) Lending of funds 4×1 ½ (c) Cheque facility =6 (d) Remittance of funds
BASIS OWNER’S BORROWED FUNDS FUNDS 1.Control Loss on control No Loss on control
Yes. Voting 28 2.Voting Rights No Voting rights. rights.
Not 4×1½ =6 3.Redemption Mostly redeemable redeemable
4.Degree of risk High Low
(OR)
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Merits:
(a) Permanent source of funds
(b) Economical Demerits: (a) Mis-utilisation of funds (b) Dissatisfaction among shareholders
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