Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management 2014-2015 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management
Marks: 80 Academic Year: 2014-2015
Date & Time: 4th March 2015, 11:00 am
Duration: 3h
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[15] 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

In India railways are owned and managed by......................................

  1. Private companies
  2. Government
  3. Individuals
Concept: Role of Transport
Chapter: [0.02] Business Services
[1] 1.A.3

Staffing is concerned with.................................

Physical factor

Financial factor

Human factor

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

Businessmen are .......................... of the society.

Representatives

Members

Trustees

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

National Commission has .............................. members in addition to the Chairman.

  1. 2
  2. 3
  3. 4
Concept: Role of Consumer Organizations and Non-governmental Organizations (NGOs)
Chapter: [0.05] Consumer Protection
[5] 1.B | Match the correct pairs
  Group'A'   Group 'B'
a Sole trader 1 Insurable interest
b Life insurance 2 Branch of Social Science
c Business ethics 3 Local market
d Henry Fayol 4 Father of scientific management
e

Planning

5 Principle of indemnity
    6 Father of modern management
    7 Primary function of management
    8 To earn profit
    9 Last function of management
    10 National market
Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[5] 1.C | Write a word or phrase or term which can substitute the following statements
[1] 1.C.1

Write only ‘one’ word or phrase or term which can substitute the following statement :

A partner who gives only his name to the partnership firm.

Concept: Types of Partners
Chapter: [0.01] Forms of Business Organizations
[1] 1.C.2

The term derived from the terms ‘e-mail’ and ‘e-commerce.

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

The right of consumer which allows him to express his views.

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[1] 1.C.4

The principle of management explaining about fair payment to workers.

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 only ‘one’ word or phrase or term which can substitute the following statement :

Name the form of electronic currency that exists only in cyberspace.

Concept: Resources Required for Successful E-business Implementation
Chapter: [0.03] Emerging Modes of Business
[15] 2 | Distinguish between the following (Any THREE)
[5] 2.A

Joint Hindu Family firm and Joint Stock company.

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

Bonded warehouse and Duty paid warehouse.

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

Distinguish between the following:

District Forum and State Commission.

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

Organising and Coordinating.

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

Distinguish between the following:

Cooperative society and Partnership firm

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[15] 3 | Write short notes on the following (Any THREE)
[5] 3.A

Features of sole trading concern.

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

Any ‘five types’ of banks.

Concept: Types of Bank
Chapter: [0.02] Business Services
[5] 3.C

Write short note on the following:

Advantages of e-business.

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

Any ‘five cases’ (needs) of social responsibilities of business.

Concept: Concept of Social Responsibility
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[5] 3.E

Nature of principles of management.

Concept: Significance of Principles of Management
Chapter: [0.06] Principles of Management
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[15] 4 | State with reasons whether the following statements are True or False (Any THREE)
[5] 4.A

In partnership the liability of partners of a firm is unlimited.

 

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

Cash can be withdrawn from ATM at any time.

Concept: Function of Commercial Banks
Chapter: [0.02] Business Services
[5] 4.C

Business organisation is not responsible to control pollution.

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

In India Consumer Protection Act is not required.

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

Training broadens the vision of entrepreneurs.

Concept: Entrepreneurship
Chapter: [0.03] Entrepreneurship Development [0.08] Entrepreneurship Development
[10] 5 | Attempt the following (Any TWO)
[5] 5.A

State the advantages of Road Transport.

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

State the working of a Payment Gateway.

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

Write short answer of the following.
State the responsibilities of consumers.

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[5] 5.D

Write short note on the following.
Any five principles of scientific management.

Concept: Principles of Taylor’s Scientific Management
Chapter: [0.06] Principles of Management
[10] 6 | Attempt any ONE
[10] 6.A

Define 'partnership firm'. Explain its merits and demerits.

Concept: Concept of Partnership
Chapter: [0.01] Forms of Business Organizations
OR
[10] 6.B

Define ‘planning’. Explain its importance.

Concept: Management Functions
Chapter: [0.07] Functions of Management
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