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Commerce Set 1 2014-2015 ISC (Science) Class 12 Question Paper Solution

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Commerce [Set 1]
Marks: 100Academic Year: 2014-2015
Date: March 2015

Part-I
[20]1 | Answer briefly each of the questions (i) to (x)
[2]1.i

Enumerate the components of the macro environment of a business concern.

Concept: Dimensions of Business Environment - Macro
Chapter: [1] Business Environment
[2]1.ii

What is meant by capital gearing ratio?

Concept: Concept of Fixed and Working Capital
Chapter: [2.01] Capital
[2]1.iii

Explain the meaning of gross working capital.

Concept: Transfer of Funds Through Real Time Gross Settlement (RTGS)
Chapter: [2.03] Banking - Latest Trends
[2]1.iv

Distinguish between NEFT and RTGS.

Concept: Transfer of Funds Through Real Time Gross Settlement (RTGS)
Chapter: [2.03] Banking - Latest Trends
[2]1.v

Distinguish between Unity of Direction and Unity of command.

Concept: Concept of Directing
Chapter: [3.05] Functions of Management
[2]1.vi

Explain the term span of control.

Concept: Concept of Directing
Chapter: [3.05] Functions of Management
[2]1.vii

What are the steps involved in the process of recruitment?

Concept: Staffing - Recruitment Process
Chapter: [3.05] Functions of Management
[2]1.viii

What is meant by the term place in the marketing mix?

Concept: Concept of Marketing Mix
Chapter: [4.02] Marketing Mix
[2]1.ix

Explain branding.

Concept: Elements of Marketing Mix
Chapter: [4.02] Marketing Mix
[2]1.x

What is mobile banking? State any two banking services available on mobile phones.

Concept: Mobile Banking
Chapter: [2.03] Banking - Latest Trends
Part - ll
[12]2 | Answer any five questions
[3]2.i

Explain any three features of the business environment.

Concept: Concept of Business Environment
Chapter: [1] Business Environment
[4]2.ii

Discuss in brief any four factors that affect the working capital requirement of a company.

Concept: Factors Affecting Fixed and Working Capital Requirements
Chapter: [2.01] Capital
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[5]2.iii

Explain any five rights of consumers as provided under the Consumer Protection Act. 1986.

Concept: Concept of Consumer Protection
Chapter: [4.03] Consumer Protection
[12]3
[3]3.i

What is meant by trade credit? Mention two advantages of trade credit as a short-term source of finance.

Concept: Short-term Sources of Funds - Trade Credit
Chapter: [2.02] Sources of Finance for a Joint Stock Company
[4]3.ii

Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.

Concept: Meaning and Concept of Debentures
Chapter: [2.02] Sources of Finance for a Joint Stock Company
[5]3.iii

What has retained earnings? Explain any two of its merits and two of its demerits.

Concept: Retained Earnings
Chapter: [2.02] Sources of Finance for a Joint Stock Company
[12]4
[4]4.i

Distinguish between equity shares and preference shares.

Concept: Types of Shares - Preference Shares Equity Shares
Chapter: [2.02] Sources of Finance for a Joint Stock Company
[8]4.ii

Explain any four facilitating functions of marketing.

Concept: Concept of Marketing
Chapter: [4.01] Marketing: Concept and Functions
[12]5
[3]5.i

Mention three remedies available to consumers under the Consumer Protection Act. 1986.

Concept: Consumer Protection Act 1986
Chapter: [4.03] Consumer Protection
[4]5.ii

Explain any four merits of borrowing funds from financial institutions.

Concept: Loans from Commercial Banks and Financial Institutions
Chapter: [2.02] Sources of Finance for a Joint Stock Company
[5]5.iii

Explain any five ways of overcoming barriers to communication.

Concept: How to Overcome the Barriers
Chapter: [3.05] Functions of Management
[12]6
[3]6.i

Explain any three internal factors of the micro environment of a business organization.

Concept: Dimensions of Business Environment - Micro
Chapter: [1] Business Environment
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[4]6.ii

Explain the objective of marketing.

Concept: Objectives and Importance of Marketing
Chapter: [4.01] Marketing: Concept and Functions
[5]6.iii

Planning is beneficial to all. In light of this statement, discuss the importance of planning.

Concept: Management Functions
Chapter: [3.05] Functions of Management
[12]7
[3]7.i

Differentiate between the functional organization and divisional organization

Concept: Structure of Organisation
Chapter: [3.05] Functions of Management
[4]7.ii

What is meant by service? Mention three features of service.

Concept: Elements of Promotion Mix
Chapter: [4.02] Marketing Mix
[5]7.iii

Answer the question.
Coordination, as the essence of management.

Concept: Coordination as an Essence of Management
Chapter: [3.05] Functions of Management
[12]8
[3]8.i

What is the market? Explain the meaning of the capital market and money market.

Concept: Concept of Marketing
Chapter: [4.01] Marketing: Concept and Functions
[4]8.ii

Differentiate between the traditional concept of marketing and the modem concept of marketing.

Concept: Concept of Marketing
Chapter: [4.01] Marketing: Concept and Functions
[5]8.iii

What is meant by indirect channels of distribution? Explain the types of indirect channels of distribution.

Concept: Concept of Business Environment
Chapter: [1] Business Environment
[12]9
[4]9.i

Write a short note on : Directing

Concept: Management Functions
Chapter: [3.05] Functions of Management
[4]9.ii

Write a short note on: Formal organisation.

Concept: Structure of Organisation
Chapter: [3.05] Functions of Management
[4]9.iii

Write a short note on: Internal sources of recruitment.

Concept: Staffing - Recruitment Process
Chapter: [3.05] Functions of Management
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