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Secretarial Practice Official Question Paper 2025-2026 HSC Commerce (English Medium) 12th Standard Board Exam Question Paper Solution

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Secretarial Practice [Official Question Paper]
Marks: 80 Maharashtra State Board
HSC Commerce (English Medium)
HSC Commerce: Marketing and Salesmanship

Academic Year: 2025-2026
Date & Time: 17th February 2026, 11:00 am
Duration: 3h
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Notes:

  1. All questions are compulsory.
  2. Figures to the right indicate full marks for the questions.
  3. Figures to the left indicate question numbers.
  4. The answer to every question must be started on a new page.

[20]1.
[5]1. (A) | Select the proper option from the options given below and rewrite the sentences:
[1]1. (A) (1)

Letter of ______ is sent to applicants who have not been given shares by the company.

regret

renunciation

allotment

Concept: undefined - undefined
Chapter:
[1]1. (A) (2)

Finance is the management of ______ affairs of the company.

monetary

marketing

production

Concept: undefined - undefined
Chapter: [1] Introduction to Corporate Finance
[1]1. (A) (3)

Shares issued free of cost to the shareholders are known as ______ shares.

preference

equity

bonus

Concept: undefined - undefined
Chapter: [6] Correspondence with Members
[1]1. (A) (4)

A Company cannot accept deposit for more than ______ months.

24

36

45

Concept: undefined - undefined
Chapter: [8] Correspondence with Depositors
[1]1. (A) (5)

______ participate in the management of their company.

Preference shareholders

Depositors

Equity shareholders

Concept: undefined - undefined
Chapter: [2] Sources of Corporate Finance
[5]1. (B)
[1]1. (B) (1)

Write a word, term, or phrase which can substitute for the following sentence:

The return on investment is paid to the creditors by the company.

Concept: undefined - undefined
Chapter:
[1]1. (B) (2)

Write a word or a term or a phrase which can substitute the following statement.

The internal source of financing.

Concept: undefined - undefined
Chapter: [1] Introduction to Corporate Finance
[1]1. (B) (3)

Write a word, or a term, or a phrase which can substitute for the following statement.

A bill which is issued by Reserve Bank of India on behalf of the Government of India.

Concept: undefined - undefined
Chapter: [11] Financial Market
[1]1. (B) (4)

Write a word or a term or a phrase which can substitute the following statement:

Transfer of shares due to operation of law.

Concept: undefined - undefined
Chapter:
[1]1. (B) (5)

Write a word, or a term, or a phrase which can substitute for the following statement.

Documentary evidence of holding the debentures.

Concept: undefined - undefined
Chapter: [7] Correspondence with Debentureholders
[5]1. (C)
[1]1. (C) (1)

Correct the underlined word and rewrite the following sentence.

A Bear expects the prices of shares to rise in the future.

Concept: undefined - undefined
Chapter: [12] Stock Exchange
[1]1. (C) (2)

Correct the underlined word and rewrite the following sentence.

Bond is a source of short term finance.

Concept: undefined - undefined
Chapter: [2] Sources of Corporate Finance
[1]1. (C) (3)

Correct the underlined word and rewrite the following sentence.

Dividend is payable every year, irrespective of the profits made by the company.

Concept: undefined - undefined
Chapter: [10] Dividend and Interest
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[1]1. (C) (4)

Correct the underlined word and rewrite the following sentence.

Securities are fungible in Physical mode.

Concept: undefined - undefined
Chapter: [9] Depository System
[1]1. (C) (5)

Correct the underlined word and rewrite the following sentence:

The details of debentureholders are entered in the Register of Members.

Concept: undefined - undefined
Chapter: [4] Issue of Debentures
[5]1. (D)

Select the correct option from the bracket:

Group ‘A’ Group ‘B’
(a) .............. (1) Deposit from Members
(b) First Depository in India (2) ..............
(c) .............. (3) Capital Market
(d) Public Deposit (4) ..............
(e) .............. (5) Nifty

(Short term loan, Private company, NSDL, Index of NSE, Funds for long term.)

Concept: undefined - undefined
Chapter:
[8]2. | Explain the following terms/concepts (Any FOUR):
[2]2. (1)

Explain the following term/concept.

Debenture Certificate

Concept: undefined - undefined
Chapter: [4] Issue of Debentures
[2]2. (2)

Explain the following term/concept:

Fixed capital

Concept: undefined - undefined
Chapter: [1] Introduction to Corporate Finance
[2]2. (3)

Explain the following term/concept.

Register of Deposit

Concept: undefined - undefined
Chapter:
[2]2. (4)

Explain the following term/concept.

Dematerialisation

Concept: undefined - undefined
Chapter: [9] Depository System
[2]2. (5)

Explain the following term/concept in detail:

Stock Exchange

Concept: undefined - undefined
Chapter: [12] Stock Exchange
[2]2. (6)

Explain the following term/concept.

Overdraft

Concept: undefined - undefined
Chapter:
[6]3. | Study the following cases/situations and express your opinion (Any TWO):
[3]3. (1)

Study the following case/situation and express your opinion.

Mrs. Khushi wishes to open a Demat Account in her name.

  1. Can she open the account at the Mumbai office of NSDL?
  2. Is she required to pay for the opening of the account and its maintenance?
  3. Does she have to send the shares to the respective company for demating?
Concept: undefined - undefined
Chapter:
[3]3. (2)

Study the following case/situation and express your opinion:

Harsh Company Limited decides to pay an interim dividend.

  1. Is the board justified to decide interim dividend of 10 per share even though profits till date are insufficient?
  2. Can the board declare a dividend out of free reserves?
  3. In how many days must the company pay a dividend to shareholders from the date of declaration?
Concept: undefined - undefined
Chapter:
[3]3. (3)

Angel Company Ltd. plans to raise funds through public deposits. Its net worth is ₹ 250 crores.

  1. Can they accept deposits from the public?
  2. Can they accept deposits which mature after 5 years?
  3. Within what period should the company issue deposit receipt to its depositors?
Concept: undefined - undefined
Chapter:
[12]4. | Distinguish between the following (Any THREE):
[4]4. (1)

Distinguish between the following.

Equity shares and Preference shares.

Concept: undefined - undefined
Chapter: [2] Sources of Corporate Finance
[4]4. (2)

Distinguish between the following:

Dividend and Interest

Concept: undefined - undefined
Chapter: [10] Dividend and Interest
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[4]4. (3)

Distinguish between the following.

Jobber and Broker.

Concept: undefined - undefined
Chapter: [12] Stock Exchange
[4]4. (4)

Initial Public Offer and Further Public Offer

Concept: undefined - undefined
Chapter:
[8]5. | Answer in brief (Any TWO):
[4]5. (1)

State any four terms and conditions regarding acceptance of deposit.

Concept: undefined - undefined
Chapter: [5] Deposits
[4]5. (2)

Discuss any four features of dividend.

Concept: undefined - undefined
Chapter: [10] Dividend and Interest
[4]5. (3)

Discuss the factors determining working capital requirement.

Concept: undefined - undefined
Chapter: [1] Introduction to Corporate Finance
[8]6. | Justify the following statements (Any TWO):
[4]6. (1)

Justify the following statement:

Debenture trustees are appointed by a company issuing debentures.

Concept: undefined - undefined
Chapter: [4] Issue of Debentures
[4]6. (2)

Justify the following statement.

Depository system is very similar to the banking system.

Concept: undefined - undefined
Chapter: [9] Depository System
[4]6. (3)

Justify the following statement.

There are many participants in money market.

Concept: undefined - undefined
Chapter: [11] Financial Market
[4]6. (4)

Justify the following statement.

Company has to fulfill certain provisions while making Right Issue.

Concept: undefined - undefined
Chapter:
[10]7. | Attempt the following (Any TWO):
[5]7. (1)

Draft a reply letter resolving the query of the member on low rate of dividend.

Concept: undefined - undefined
Chapter: [6] Correspondence with Members
[5]7. (2)

Write a letter to the debenture holder informing him/her about the conversion of debentures into equity shares.

Concept: undefined - undefined
Chapter:
[5]7. (3)

Draft a letter of thanks to the depositor of a company.

Concept: undefined - undefined
Chapter: [8] Correspondence with Depositors
[8]8. | Answer the following questions (Any ONE):
[2]8. (1) a.

What is a Debenture?

Concept: undefined - undefined
Chapter:
[4]8. (1) b.

Discuss the different types of debentures.

Concept: undefined - undefined
Chapter:
[8]8. (2)

Explain briefly the procedure for allotment of shares.

Concept: undefined - undefined
Chapter: [3] Issue of Shares [6] Correspondence of Company Secretary with Members, Debenture Holders and Depositors

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