Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management 2011-2012 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management
Marks: 100Academic Year: 2011-2012
Date: March 2012

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

Indian Partnership Act was passed in the year...............................

1912

1923

1932

Concept: Concept of Partnership
Chapter: [0.01] Forms of Business Organizations
[1]1.A.2

Business organisations should supply goods of ............. quality to their customers. 

(a) inferior

(b) superior

(c) medium

Concept: Responsibility Towards - Consumers
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.A.3

 In the modern competitive market, consumer is regarded as ..................... 

(a) king

(b) servant

(c) slave

Concept: Need and Importance of Consumer Protection
Chapter: [0.07] Consumer Protection
[1]1.A.4

 Management is a .......................... science.

(a) physical

(b) natural

(c) social

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[1]1.A.5

 Formulating a plan is the main function of ........................ management.

(a) lower level

(b) top level

(c) middle level

 

 
Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]1.B

Match the pairs :        

Group 'A'

Group 'B'

(a) Sole trader (1) Compensation upto Rs 20 lacs
(b) Globalisation (2) Minimum two members
(c) District Forum (3) Dr. Deming
(d) Private company (4) Regional market
(e) Total Quality Management (5) F. W. Taylor
    (6) Minimum seven members
    (7) Maximum secrecy
    (8) Compensation more than Rs 20 lacs
    (9) International market
    (10) Minimum secrecy

    

Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[5]1.C | Fill in the blanks and rewrite the sentences :
[1]1.C.1

(1) Minimum ................ members are required for the formation of a co-operative society.

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[1]1.C.2

Business ethics is a branch of .................... science.

Concept: Concept of Business Ethics
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[1]1.C.3

The number of members in the State Forum are .................. .

Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[1]1.C.4

There are .................. levels of management in a business organisation.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[1]1.C.5

Management principles are ................ in nature.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[5]1.D | Write a word or a phrase or a term which can substitute each of the following statements :
[1]1.D.1

The form of organisation which comes into existence by law of inheritance.

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [0.01] Forms of Business Organizations
[1]1.D.2

An organisation designed to liberalize and supervise the international trade.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[1]1.D.3

The function of management which involves harmonization or balancing of group efforts.

Concept: Management Functions
Chapter: [0.07] Functions of Management
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[1]1.D.4

 The principle of management relates to justice and kindness.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[1]1.D.5

​A company which is incorporated under Special Act of Parliament.

Concept: Concept of Company
Chapter: [0.01] Forms of Business Organizations
[15]2 | (Any THREE) :
[15]2.A
[5]2.A.1

Features of Multinational Companies.

Concept: Concept of Company
Chapter: [0.01] Forms of Business Organizations
[5]2.A.2

 Functions of World Trade Organisation.

Concept: Process of Entrepreneurship Development
Chapter: [0.03] Entrepreneurship Development [0.08] Entrepreneurship Development
[5]2.A.3

 Functions of Lower Level Management.

Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[5]2.A.4

Importance of total quality management.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]2.A.5

Write Short Note on the following:
Importance of Staffing.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]3 |  (Any THREE) :
[15]3.A | Distinguish between the following.
[5]3.A.1

 Sole Trading Concern and Partnership

Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[5]3.A.2

District Forum and National Commission.

Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[5]3.A.3

Management and Administration.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]3.A.4

Planning and Controlling.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]3.A.5

 Professional Management and Event Management.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]4 | (Any THREE):
[15]4.A |  State with reasons whether the following statements are TRUE or FALSE.
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[5]4.A.1

Business organisations have no social responsibilities.

Concept: Concept of Social Responsibility
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[5]4.A.2

Consumer Protection Act provides protection to the consumers.

Concept: Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[5]4.A.3

Co-ordination is similar to staffing.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]4.A.4

 Professional Managers are highly educated.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]4.A.5

 Government companies are registered under special legislation.

Concept: Concept of Company
Chapter: [0.01] Forms of Business Organizations
[15]5 |  (Any THREE) :
[15]5.A | Write short answers.
[5]5.A.1

State the importance of privatisation.

Concept: Choice of Form of Business Organization
Chapter: [0.01] Forms of Business Organizations
[5]5.A.2

Explain any 'five principles' of management

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[5]5.A.3

State the features of disaster management.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[5]5.A.4

Explain the need of social responsibilities of business organisation.

Concept: Case of Social Responsibility
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]5.A.5

 State the need of consumer movement.

Concept: Consumer Awareness
Chapter: [0.05] Consumer Protection
[10]6 | answers the following .
[10]6.A

Long answer type question.

Define Sole Trading Concern and explain its merits and demerits.  

Concept: Merits of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[10]6.B

Long answer type question.

Define Joint Stock Company and explain its features.

Concept: Concept of Partnership
Chapter: [0.01] Forms of Business Organizations
[10]7
[10]7.A

What is Management? Explain the functions of Top level and Lower level management.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[10]7.B

Explain the social responsibilities of Business Organisations towards Employees and Shareholders.

Concept: Responsibility Towards - Employees
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
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Maharashtra State Board previous year question papers 12th Board Exam Organisation of Commerce and Management with solutions 2011 - 2012

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