Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management Set 1 2016-2017 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management [Set 1]
Marks: 80Academic Year: 2016-2017
Date: July 2017

[15]1
[5]1.A | Select the proper option from the possible options given below and rewrite the complete statements
[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
Postal Services are administered by ___________
(a) Private companies
(b) Government of India

(c) Panchayat

Concept: Concept of Postal Service
Chapter: [0.02] Business Services
[1]1.A.3

Credit or Debit cards are popularly known as ____________ money.

(a) paper
(b) plastic
(c) polymer
Concept: Types of Business Services
Chapter: [0.02] Business Services
[1]1.A.4

To maintain industrial peace is the responsibility of business organisation towards ___________

a. customers

b. employees

c. society

Concept: Responsibility Towards - Employees
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.A.5

Directing is initiated at _______________ level.

top
middle

lower

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]1.B
Group A
Group B
a. Government Company
(1) Recurring deposit account
(b) Overdraft facilities
(2) Authorizes payments made online.
(c) A.T.M.
(3) 49% share capital held by Government.
(d) Trade Union
(4) Father of modern management.
(e) F.W. Taylor
(5) Job Security
 
(6) Current Account
 
(7) 51% share capital held by Government
 
(8) Automated Teller Machine
 
(9) Negotiations with management.
 
(10) Father of scientific management.
Concept: Responsibility Towards - Government
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]1.C | Write only ‘one’ 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
Non profit and non political independent groups working for definite cause.
Concept: Role of Consumer Organizations and Non-governmental Organizations (NGOs)
Chapter: [0.05] Consumer Protection
[1]1.C.3
The principle of management explaining the importance of fair returns to workers.
Concept: Significance of Principles of Management
Chapter: [0.06] Principles of Management
[1]1.C.4

The court established by Government to settle consumer disputes by mutual compromise.

Concept: Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
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[1]1.C.5

A function of management where right people are given right job.

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

Sole trading concern and Partnership firm .

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

Savings account and Fixed deposit account.

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

Distinguish between District Forum and National Commission

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

Distinguish between Private Company  and Public Company.

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

Organising and Coordinating.

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

Merits and Demerits of Co-operative Society?

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[5]3.B

Features of Joint Stock Company?

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

Air Transport? Advantages and Limitations?

Concept: Role of Transport
Chapter: [0.02] Business Services
[5]3.D

Write short notes .

Advantages of e - business

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

Elements of Business Ethics?

Concept: Elements of Business Ethics
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
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[15]4 | State the reasons whether the following statements are true or false. (Any three)
[5]4.A

maximum number of members in a Joint Hindu Family firm is 20.

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
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

Business should not disclose their records to investors.

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

Consumer being the king of the market does not have any responsibilities.

Concept: Responsibility Towards - Consumers
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]4.E

State with reasons, whether the following statement is True or False:

Principles of management improve the efficiency of employees.

True

False

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

State the registration procedure for a partnership firm

Concept: Registration of a Partnership Firm
Chapter: [0.01] Forms of Business Organizations
[5]5.B

Write short note on the following:

Importance of consumer protection

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

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

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

Write short answer of the following.
Discuss the factors motivating the entrepreneur.

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

Function of Commercial Bank? Only Primary Function?

Concept: Function of Commercial Banks
Chapter: [0.02] Business Services
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OR
[10]6.B

Answer the following Question:
What is organizing? Explain the nature of organizing.

Concept: Management Functions
Chapter: [0.07] Functions of Management
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Maharashtra State Board previous year question papers 12th Board Exam Organisation of Commerce and Management with solutions 2016 - 2017

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