Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management 2015-2016 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management
Marks: 80Academic Year: 2015-2016
Date: July 2016

[15]1
[5]1.A | (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

Select the proper option from the options given below and rewrite the sentences:

Overdraft facility is given to .. .................. ... .

(a) saving account

(b) current account

(c) fixed deposit account

Concept: Banking Services with Particular Reference - E-banking
Chapter: [0.02] Business Services
[1]1.A.3

Select the proper option from the options given below and rewrite the sentences:

In E-business, payments have to be made ______

in cash

on credit

online

Concept: Banking - Types of Bank
Chapter: [0.02] Business Services
[1]1.A.4

Select the proper option from the options given below and rewrite the sentences:

Ultimate goal of business must be the sa tisfaction of ..... ... .. .......... ... .

(a) shareholders

(b) consumers

c) owners

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[1]1.A.5
In modern competitive market consumer is regarded as ____________ 

king

agency

superintendent

Concept: Need and Importance of Consumer Protection
Chapter: [0.07] Consumer Protection
[5]1.B | Match the correct pairs:
[5]1.B.1

                 Match the correct pairs:

Sr.No Group 'A' Sr.No Group 'B'
1 Private company a One man one boss
2 Principle of unity of command b Basic function
3 Planning c 12 hours service
4 A TM d Maximum 50 members
5 Road transport e One man many bosses
    f 24 hours service
    g The cheapest mearis of transport
    h Unlimited members
    i End function
    j The costliest means of transport
Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]1.C | Write the word. or phrase or tenn which can substitute the following statement~:
[1]1.C.1

Write the word. or phrase or tenn which can substitute the following statement~:

The senior most family member of a Joint· Hindu family firm.

 

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

Getting products of better quality is the basic right of this group of society.

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

Write the word. or phrase or tenn which can substitute the following statement~:

A consumer disputes redressal forum working at state level:

 

Concept: Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
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[1]1.C.4

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

Father of modern management.

Concept: Fayol’s Principles of Management
Chapter: [0.06] Principles of Management
[1]1.C.5

Write the word. or phrase or tenn which can substitute the following statement~:

A function of management directly related to human beings.

 

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

Distinguish between the following 
(1) Co-operative society and Joint stock company.

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[5]2.B

Distinguish between the following

Rond transport and Water transport.

 

Concept: Role of Transport
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

Distinguish between the following:

Co-ordinating and Controlling.

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

Distinguish between Private Company  and Public Company.

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

Write short answers of the following:

State the advantages of outsourcing.

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

write a short note on the Significance of Principles of Management.

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

Features of sole trading concern.

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

Write short note on the following

Importance of Directing.

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

Functions of a Warehouse.

Concept: Business Services - Warehousing
Chapter: [0.04] Business Services
[15]4 | State with reasons whether the following statements are True or False (Any THREE):
[5]4.A

State with reasons whether the following statements are True or False

Co-operative soc iety differs from.other forms of commercial orge1nisations.

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

State with reasons whether the following statements are True or False

e-business allows you lo work across the globe in any field.

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

State with reasons whether the following statements are True or False

Business organisations do not have various types of social responsibilities.

True

False

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

State with reasons whether the following statements are True or False

'Lok Adalat' is one of the effective ways to resolve consumer problems.

 

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

State with reasons whether the following statements are True or False

Principles of management are rigid.

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[10]5 | Write short answers of the following (Any TWO):
[5]5.A

Stale responsibilities of business towards employees.

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

Write short note on Functions of entrepreneur

Concept: Function of Entrepreneurship Development
Chapter: [0.08] Entrepreneurship Development
[5]5.C

State the Importance of Planning ?

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]5.D

State the rights of consumers.

Concept: Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[10]6 | attempt any one of the following
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[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 Life 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 2015 - 2016

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