TAGORE PUBLIC SCHOOL, BIRMI

CLASS-11
PAPER- BUSINESS STUDIES
EXAM- September examination, 2024
Time- 3 hrs. MM- 80
Q. 1 Answer the following questions. (1×20=20)
1. Which of the broad categories of industries covers oil refinery and sugar mills?
(a) Primary (b) Secondary
(c) Tertiary (d) None of them
2. Which of the following cannot be classified as an auxiliary to trade?
(a) Mining (b) Insurance
(c) Warehousing (d) Transport
3. The industries which provide support services to other industries are known as
(a) Primary industries (b) Secondary industries
(c) Commercial industries (d) Tertiary industries
4. 'Fishing' is what type of Industry?
(a) Primary industry (b) Commercial industry
(c) Secondary industry (d) Tertiary industry
5. Who heads the departmental undertakings?
6. Overdrafts are only allowed in current accounts. True/ False
7. Full form of VSAT?
8. It is not an application of e-business
(a) Online bidding (b) Online trading
(c) Online procurement (d) Contract R&D
9. Give any 2 examples of Statutory Corporation
10. 4. Use of ATM to withdraw money is an example of
(a) B2B commerce (b) C2C commerce
 (c) B2C commerce (d) C2B commerce
Read the situation carefully and answer questions 11-14
All the four children of Mr. Madan Mohan Lal are doctors. Shyam is a skin specialist, Krishna is a
heart specialist, Radhika is a child specialist and Gauri is a physician. Dr. Shyam joined a multi-
speciality private hospital. Dr. Krishna established his own nursing home. Dr. Radhika works in a
government hospital and also treats the poor people free of cost in a charitable dispensary. Dr.
Gauri opened a medical store wherein she sells genuine medicines, getting the minimum profit
margin.
11. The children of Mr. Madan Mohan Lal are engaged in:
(a) Economic activities only
(b) Both economic and non-economic activities
(c) Non-economic activities
(d) None of these
12. _________ is engaged in employment.
(a)Dr. Shyam (b) Dr. Radhika
(c) Dr. Krishna (d) Dr. Gauri
13. The reward a businessman gets for bearing the risks is called
(a) Remuneration (b) Commission
(c) Bonus (d) Profit
14. Which of the following is a non-economic activity?
A. A factory owner producing school bags for sale in the market.
B. Person begging at a busy traffic intersection.
C. Services of a domestic help doing household chores at an employer's house.
D. Services of a housewife doing household chores at home.
(a) B (b) D
c) Both Band D (d) All of these
15. Name the company formed as a result of partnership between two companies?
16. Which enterprise if formed when two or more firms join together for a common
Purpose and mutual benefits?
 17. RBI is an example of a ___________ company. True/ False
18. A government company is any company in which the paid-up capital held by
the government is not less than
(a) 49 per cent (b) 50 per cent
(c) 51 per cent (d) 25 per cent
19. PSEs are organisations owned by
(a) Joint Hindu Family Business (b) Government
(c) Foreign Companies (d) Private entrepreneurs
20. A corporation established under a special law of Parliament
(a) Statutory Corporation (b) Departmental undertaking
(c) Government company (d) Multi-national Corporation
Q.2 Read and Answer the following questions carefully (3×4=12)
21. Mr. Satish gets his house insured against fire of Rs 20 Lakh with insurer A and for Rs 10
with insurer B. A loss of Rs 3 Lakh occurred
(i) How much compensation can be claimed from A and B separately and why?
(ii) ii) Name the principle of Insurance in the above case.
OR
To overcome the difficulties faced by public in public transport system, the
Government of India started the METRO project in which the government involved
private sector participation to get the benefits of efficiency of private sector. The
project was great success as lakhs of people are enjoying the metro service to move
from one place to other.
(a) Identify the type of enterprise mentioned in above para.
(b) Give any two features of the type of enterprise identified in (a)
22. Explain the scope of health insurance.
OR
Differentiate between public and private sector enterprises.
23. What are the causes of business risks?
24. “Karta is the most active member in a Joint Hindu Family Business. He is too powerful
to ruin the business.” Comment.
Q.3 Read and answer the following questions carefully. (4×6=24)
25.
Indian Railways' is a part of Railway Ministry. It is organised, financed and controlled by Railway
Ministry. The finances are allocated from government treasury and whatever revenue it earns is
deposited to government treasury only. It is treated as a part of government and even the
appointment recruitment and selection of employees is done in the same way as that of civil
servant.
Gas authority of India Ltd. (GAIL) is carrying on various projects of energy and power. Majority
of its shares are held by the government of India. It was registered under the previous
Companies Act. It enjoys all the characteristics of a company.
The board of directors are appointed by the government. The Board and shareholders are
responsible for the efficient working of the company. The company prepares its annual report
and submit to the appropriate authorities.
1. Name the type of public sector enterprise Indian Railways is.
(a) Departmental Undertaking (b) Statutory Corporation
(c) Government Company (d) Public Company

2. How does Indian Railways get its finance?

(a) Independently financed (b) From government treasury
(c) From the Reserve Bank of India (RBI) (d) From the public

3. Name the type of public sector enterprise Gas authority of India Ltd. (GAIL) is.
(a) Departmental Undertaking (b) Statutory Corporation
(c) Government Company (d) Public Company
4. In whose name does the public sector enterprise identified in Q.3 buy shares?
(a) The Central Bank (b) The Governor of India
(c) The President of India (d) The Prime Minister of India

26. Differentiate between Life Insurance and Fire Insurance along with basics.
27. Briefly explain the role of commerce in removal of hindrance in the process of exchange.
28. Briefly explain types of Bank Accounts.
OR
Types of Insurance along with examples.
29.
Unique enterprise is dealing in auto spare parts. With the expansion in business the enterprise
found that the decisions are delayed and level of coordination is coming down. The CEO of the
company called for a meeting of all the managers.
Ayush, a newly appointed manager suggested that company should have its own internet so
that all the employees can interact and pass important information to each other through
internet. Even short meeting of different departments can be conducted through Video
conferencing to take fast action. The CEO liked the idea and installed an internet connection for
connecting all the employees on line.
Mr. Mohan wants to buy a new sofa set for his house, but he did not have enough space to keep
it. He planned to sell the old sofa through OLX, so that he could get some surplus money and
space for new sofa set. He got a very good response and out of many buyers, he chose the
buyer who gave him the best price.
1. Which type of e-commerce is suggested by Mr Ayush?
(a) B2B Commerce (b) B2C Commerce
(c) Intra-B Commerce (d) C2C Commerce
2. Identify the type of e-commerce referred to by Mr. Mohan.
(a) B2B Commerce
(b) B2C Commerce
(c) Intra-B Commerce
(d) C2C Commerce
3. Use of ATM to withdraw money is an example of:
(a) B2B commerce (b) B2C commerce
(c) C2C commerce (d) C2B commerce
4. This is not a benefit of e-Business:
(a) Convenience (b) Low personal touch
 (c) Global reach (d) Customer satisfaction
30. Define company. Write 2 merits and demerits of company.
Q.4 Read and attempt the questions carefully (6×4=24)
31. Differentiate between Traditional business and e-Business along with basics.
32. a) 3 benefits of e-banking to customers. (3m)
b) 3 merits of departmental undertakings. (3m)
OR
a) Explain MODS (3m)
b) Briefly explain any 3 e-Banking services. (3m)
33. Explain Principles of Insurance along with Examples.
34.
Arshani is a sole proprietor. Over the past decade, her business has grown from operating a
neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and
nail polish to a retail chain with three branches in the city. Although she looks after the varied
functions in all the branches, she is wondering whether she should form a company to better
manage the business. She also has plans to open branches countrywide.
(a) Explain two benefits of remaining a sole proprietor.
(b) Explain two benefits of converting to a joint stock company.
(c) What role will her decision to go nationwide play in her choice of form of the organisation?