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 & Time: 29th February 2016, 11:00 am
Duration: 3h

[15]1
[5]1.A |  Select the proper option from the possible options given below and rewrite the completed statements
[1]1.A.1
The maximum number of partners for a firm carrying on banking business is ___________ 

10

20

7

Concept: Concept of Partnership
Chapter: [0.01] Forms of Business Organizations
[1]1.A.2
Door - to - door service is offered by _____________ transport.
Rail
Road
Air
Concept: Role of Transport
Chapter: [0.02] Business Services
[1]1.A.3
Business organization is a part of ____________  

Industry

Government

Society

Concept: Choice of Form of Business Organization
Chapter: [0.01] Forms of Business Organizations
[1]1.A.4
In modern competitive market consumer is regarded as ____________ 

king

agency

superintendent

Concept: Need and Importance of Consumer Protection
Chapter: [0.07] Consumer Protection
[1]1.A.5
Planning is ___________ function. 

advanced

basic

end

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

Match the correct pairs:

                        Group ‘A’                           Group ‘B’
 (a) Co - operative Society  (1) The father of Modern Management
 (b) ‘e’ Business  (2) President of national commission
 (c) District Judge  (3) Not directly related to human beings.
 (d) F.W. Taylor  (4) Outsourcing
 (e) Staffing  (5) One share one vote
       (6) President of District forum
 (7) Father of Scientific Management
 (8)Electronic Business
(9) Right people to right jobs.
 (10) One member one vote.
Concept: Concept of Cooperative Societies
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

‘One man show’ type of business organization.

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

A bank which is known as bankers bank.

Concept: Banking - Types of Bank
Chapter: [0.02] Business Services
[1]1.C.3

Name the modern process of controlling a business function to someone else

Concept: Concept of Outsourcing
Chapter: [0.03] Emerging Modes of Business
[1]1.C.4

Name the employees organization protecting their rights

Concept: Role of Consumer Organizations and Non-governmental Organizations (NGOs)
Chapter: [0.05] Consumer Protection
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[1]1.C.5

Principle of management that says that any work should be divided into small parts

Concept: Principles of Taylor’s Scientific Management
Chapter: [0.06] Principles of Management
[15]2 | Distinguish between the following
[5]2.A

Distinguish between Partnership Firm Joint Stock Company

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

Distinguish between Current Account and Fixed Deposit Account

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

Distinguish between  Water Transport and Air Transport

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

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.E

Distinguish between Planning and Controlling

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

Features of Joint Hindu Family Business

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [0.01] Forms of Business Organizations
[5]3.B

Write short note on e-business

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

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.D

write short note on Consumer Rights

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[5]3.E

Write short note on Henri Fayol's Principles of Management? (14 Principles)

Concept: Fayol’s 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

State true or false.
The ownership and management is not separated in a Joint Stock Company.

True

False

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

Reserve Bank of India cannot accept deposits from public.

True

False

Concept: Banking - Types of Bank
Chapter: [0.02] Business Services
[5]4.C

Post offices provide money remittance services.

True

False

Concept: Concept of Postal Service
Chapter: [0.02] Business Services
[5]4.D

Management should avoid workers’ participation while making decisions.

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

The Consumer Protection Act was passed in the interests of the sellers.

Concept: Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[10]5 | Attempt the following questions (Any Two)
[5]5.A

Features of sole trading concern.

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

State the social responsibilities of business organization towards government. 

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

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.D

Write short note on Functions of entrepreneur

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

Define Co-operative Society ?

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations

Merits and Demerits of Co-operative Society?

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

Define ‘ Controlling’. 

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

Explain controlling importance.

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