Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management 2013-2014 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management
Marks: 80Academic Year: 2013-2014
Date: March 2014

[15]1
[5]1.A | Select the proper option from the options given below and rewrite the sentences
[1]1.A.1

Select the proper option from the options given below and rewrite the completed sentence.
A sole trading concern ensures ________ business secrecy.

minimum

maximum

limited

Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[1]1.A.2

Select the proper option from the options given below and rewrite the completed sentence:
An electronic facility of transferring funds through the internet is _______ transfer

cash

net banking

credit

Concept: Concept of E-business
Chapter: [0.03] Emerging Modes of Business [0.05] Emerging Modes of Business
[1]1.A.3

Select the proper option from the option given below and rewrite the completed sentence.
Business organization is a part of ________.

Industry

Government

Society

Concept: Role of Environment Protection and Business
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.A.4

Select the proper option from the options given below and rewrite the complete sentence:
The President of State Commission is ________.

District Court Judge

Supreme Court Judge

High Court Judge

Concept: Consumer Awareness
Chapter: [0.05] Consumer Protection
[1]1.A.5

Select the proper option from the options given below and rewrite completed Sentence.
According to the principle of ________ all employees should be given same treatment.

Authority

Discipline

Equity

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[5]1.B | Match the correct pairs

 Match the correct pairs :

Group 'A' Group 'B'
a. Private Company 1. Minimum 7 members
b. Overdraft 2. Saving Account
c. ATM 3. 1996
d. Consumer Protection Act 4. Electronic Business
e. Controlling 5. Current Account
  6. Maximum 50 members
  7. Automatic Teller Machine
  8. 1986
  9. Individual Taste
  10. To take corrective action
Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[5]1.C |  Write a word or a phrase or a term which can substitute each one of the following statements:
[1]1.C.1

Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.

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

Write a word or phrase or a term which can substitute the following:
The type of warehouse where perishable goods are stored.

Concept: Concept of Warehousing
Chapter: [0.02] Business Services
[1]1.C.3

Write a word or phrase or a term which can substitute the following.
An activity motivated by profit.

Concept: Role of Environment Protection and Business
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.C.4

Write a word or phrase or a term which can substitute the following.
Father of scientific management.

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

Write a word or a phrase or a term which can substitute the following :
A function where right people are given right jobs.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]2 | Distinguish between the following (Any Three)
[5]2.A

Distinguish between the following.
Sole Trading concern and partnership firm.

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

Distinguish between the following:
Road transport & Rail transport

Concept: Role of Transport
Chapter: [0.02] Business Services
[5]2.C

 Private Company and Public Company

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

Distinguish between the following: 

State commission and National commission.

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[5]2.E

Differences between Planning and Controlling

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]3 | Write short notes on Any Three of the following
[5]3.A

Write short answer of the following.
State the types of partners.

Concept: Types of Partners
Chapter: [0.01] Forms of Business Organizations
[5]3.B

Write short answers of the following:

State the advantages of outsourcing.

Concept: Concept of Outsourcing
Chapter: [0.03] Emerging Modes of Business
[5]3.C

Write short note on the following.

Rights of consumers.

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

State the importance of principles of management.

Concept: Significance of Principles of Management
Chapter: [0.06] Principles of Management
[5]3.E

Write short note on the following

Importance of Directing.

Concept: Management Functions
Chapter: [0.07] Functions of Management
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[15]4 | State with reasons whether the following statements are True or False. (Any Three)
[5]4.A

State Whether the Following Statement Are True Or False (Give Reason)

The main purpose of a cooperative organization is to earn profit.

True

False

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[5]4.B

State with reasons whether the following statement is True or False.

Transport is useful in raising standard of living.

True

False

Concept: Role of Transport
Chapter: [0.02] Business Services
[5]4.C

State with reasons whether the following statement true or false.
It is easy to set up e-business as compared to traditional business.

True 

False 

Concept: Concept of E-business
Chapter: [0.03] Emerging Modes of Business [0.05] Emerging Modes of Business
[5]4.D

Management should avoid workers’ participation while making decisions.

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

State with reasons whether the following statement is TRUE or FALSE :

Co-ordination is needed at all the levels of management.

True 

False 

Concept: Management Functions
Chapter: [0.07] Functions of Management
[10]5 | Attempt the following. (Any two)
[5]5.A

Answer the following question.
State responsibilities of business towards government.

Concept: Responsibility Towards - Government
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]5.B

Write short note on the following:

Importance of consumer protection

Concept: Consumer Awareness
Chapter: [0.05] Consumer Protection
[5]5.C

State any 'five principles of Henry Fayol.

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

Explain the characteristics of an entrepreneur.

Concept: Entrepreneurship
Chapter: [0.03] Entrepreneurship Development [0.08] Entrepreneurship Development
[10]6 | Attempt any one of the following
[10]6.A

Long answer type question.
Define Joint Stock Company. Explain its merits and demerits.

Concept: Choice of Form of Business Organization
Chapter: [0.01] Forms of Business Organizations
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OR
[10]6.B

Answer the following question:
Define insurance. Explain the various principles of insurance.

Concept: Concept of Insurance
Chapter: [0.02] Business Services
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Maharashtra State Board previous year question papers 12th Board Exam Organisation of Commerce and Management with solutions 2013 - 2014

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