OM LANDMARK SCHOOL [CBSE]
SESSION: 2024-25
HALF YEARLY EXAMINATION
GRADE : XI COMMERCE
Date: 01/10/2024 Subject: BST Max. Marks: 80M Time:180Mins
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 The objectives of a company are stated in which document? [1]
a) Article of Association
b) Prospectus
c) Memorandum of Association
d) Certificate of Commencement
2 Which of the following has the advantage of continuity? [1]
a) Company
b) Sole Proprietorship
c) Partnership
d) All business organization
3 Membership in Joint Hindu Family Business occurs by which of the following [1]
modes:
a) Birth
b) Marriage
c) residing
d) Agreement
4 Assertion (A): There is a delay in decision - making in the case of a sole [1]
proprietorship.
Reason (R): Various big companies that exist today came to life as sole
proprietorships.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
5 Stages in the formation of a public company are in the following order: [1]
1. Promotion, Incorporation, capital subscription, commencement of
business
2. Incorporation, Capital of Business, Capital Subscription Commencement of
Business, Promotion
3. Promotion, Commencement of business
4. Capital Subscription, Promotion, Incorporation, Commencement of
Business
a) D is correct
b) C is correct
c) B is correct
d) A is correct
6 A prospectus is issued by: [1]
a) a joint enterprise
b) a public enterprise
c) a private company
d) a public company seeking investment from the public
7 Statutory Corporation falls under which of the following category: [1]
a) Private Limited Company
b) Private Sector
c) Public Sector Enterprises
d) Public Limited Company
8 Assertion (A): There is often a delay in matters where prompt decisions are [1]
required in a departmental undertaking.
Reason (R): Heads of departments of such undertakings are not free to take
independent decisions.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
9 Insurance is based on the principle of ________. [1]
a) profit
b) co - operation
c) increase sales
d) income
10 A warehouse keeper accepts goods for the purpose of ________. [1]
a) export
b) selling
c) storage
d) packaging
11 Which of the following banks is an important source of providing rural credit in [1]
India?
a) Private Sector Banks
b) Public Sector Banks
c) Co - operative Banks
d) Specialized Banks
12 Which insurance policy should be taken by the shipping company in order to [1]
insure the loss of freight in case cargo does not reach the destination due to
damage or loss in transit?
a) Hull insurance
b) Ship insurance
c) Cargo insurance
d) Freight insurance
13 A firm’s interactions with its employees sometimes referred to as ________. [1]
a) B2M commerce
b) B2E commerce
c) B2D commerce
d) B2F commerce
14 Out of E - commerce and E - business, which is a broader term? [1]
a) E - commerce
b) E - business
c) Both E - business and E - commerce are the same things
d) Sometimes E - commerce and Sometimes E - business
15 e - Business includes: [1]
a) e - Commerce
b) Product development
c) All of these
d) Production
16 ________ is very much reality which provides the consumers with the freedom of [1]
shopping at - will.
a) C2C commerce
b) B2B commerce
c) C2B commerce
d) B2C commerce
17 Debentures represent: [1]
a) permanent capital of the company
b) loan capital of the company
c) fluctuating capital of the company
d) fixed capital of the company
18 Payment of dividend to the equity shareholders is ________. [1]
a) not compulsory
b) compulsory
c) fixed
d) mandatory
19 Life insurance corporation was set up in ________. [1]
a) 1985
b) 1975
c) 1965
d) 1956
20 Internal sources of capital are those that are: [1]
a) generated through issue of shares
b) generated through a loan from commercial banks
c) generated within the business
d) generated through outsiders such as suppliers
21 Differentiate between the public company and the private company. [3]
22 Savita, Rani and Chulbul do wholesale trade in readymade garments. They got [3]
their godown insured for₹ Five Lac only by ’Bajaj Allianz General Insurance Co. A
few days after getting the insurance, the godown caught fire and the goods worth
₹ Three Lac only were destroyed. They succeeded in getting compensation
fortheir loss from the Insurance Co. The firm sold off the half - burnt goods and
got ₹ 20,000 only.
Who will be the claimant of this amount, the firm or the Insurance Co.? Also,
explain the principle of insurance applicable here in this case?
OR
Identify the various types of Postal Services highlighted in the following
situations:
1. It is a service in which mail is registered by the post office at the time of
sending, in order to assure safe delivery.
2. It is a service which provides time - bound and expresses delivery of
letters, documents and parcels across the nation and around the world.
3. It is a service for sending articles from one place to another through the
post.
4. It is a certificate issued by the post office on payment of a prescribed
feewhen the sender wants to have proof that he has actually posted the
letters.
23 State any three differences between e - business and traditional business. [3]
24 What do you mean by preference shares? Discuss its various merits. [3]
OR
Write the sources of international finance.
25 Arihant has started his own coaching center after retirement. He is very happy [4]
doing this business as he can carry out his plans without any interference from
others and moreover, there is no separate law that governs his business.
In the context of the above case answer the following questions:
1. Identify the form of business organization under which Arihant has
promoted his business.
2. State any two merits of a form of business organization as identified in
part(a) of the question which hasnot been mentioned in the above
paragraph.
OR
Explain four advantages of cooperative society.
26 Explain the four advantages of being a MNC. [4]
27 What is e - banking? What are the advantages of e - banking? [4]
28 A cargo ship was insured against perils of the sea through marine insurance. [4]
While the consignment was being loaded on to the ship some rats also creped
along. During the voyage, the rats made holes in the ship. Consequently, the
seawater entered into the ship and the cargo was damaged. A claim against loss
was filed and was duly compensated by the insurance company.
Which principle is applicable in the above case. Explain the causes of damage to
the cargo ship? Also, explain the principle.
OR
What do you mean by a bank? Explain the important definitions of a bank?
29 Harsh runs an online store dealing in all kinds of household items which he [4]
procures from different dealers. Whereas his friend Lakshay runs an online store
which sells all kinds of organic products like spices, pickles, jams, etc. These
products are produced in his automated manufacturing unit in Kerala. In the
context of the above case answer the following:
1. Identify the two concepts which define the scope of business activities
2. undertaken by both Harsh and Lakshay, respectively.
3. Differentiate between the two concepts as identified in part(a) of the
question.
30 Write the types of preference shares. [4]
31 Two years back Rahul had joined a branch of Bank of Baroda as Assistant [6]
Manager in the Term Deposits division in Delhi. Whereas, his younger brother
Rehan recently joined HDFC Bank as Business Development Manager in Kolkata.
While discussing their job experiences both the brothers realized that the
working of the two banks varies primarily because they belong to different
sectors of the economy. However, on certain parameters the approach of both the
banks is similar like offering a higher rate of interest on term deposits made by
senior citizens, ensuring safety and security in net banking, etc.
In the context of the above case answer the following questions :
1. By quoting lines from the paragraph identify the two sectors being
highlighted.
2. State any three differences between the two sectors as identified in part
(a) of the question.
3. List any two values that banks wish to communicate to society.
32 What do you mean by Commercial Banks? What are their functions? [6]
33 Pushkar is a taxi driver working with a popular cab service provider. Recently, he [6]
was given a bonus of Rs.50,000 by the company. He bought a smartphone for
himself from the money. Now, he wishes to buy a watch for his son which is
exclusively available for sale on the portal of a popular e - commerce company.
In the context of the above case, answer the following questions:
1. Appraise him for the procedure to be followed for online shopping.
2. Briefly state any two benefits available to Pushkar in making a purchase
online.
OR
Write a note on e - business. What are the applications of e - business?
34 Girish is working as a finance manager in a German Company producing remote - [6]
operated high - end kitchen equipment. Considering festival demand, the
company needs to increase its stock of raw material and finished goods which
will require funds of₹ 50 Lakhs. The directors of the company have decided to
expand the business by opening one more factory in India which will require
funds of ₹ 3 crore and 1 branch is America requiring ₹ 6 crores and 1 branch in
Srilanka requiring ₹ 5 crore investment.
1. Advise Girish about the various sources of finance available to meet fund
requirements for buying the stock of raw material and finished goods.
2. Name various instruments used to raise money in the international capital
market.
3. To finance the establishment of a factory in India which financial
instrument can be used on the pattern of ADR? Mention the name and
explain its two features.
4. In case the company does not want to borrow/raise capital from the
general public and Banks, then through which financial instrument it can
raise₹ 50 lakhs for a short period? Explain it.
OR
Explain public deposits. State the merits and demerits of public deposits.
