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

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Organisation of Commerce and Management
Marks: 80Academic Year: 2016-2017
Date & Time: 8th March 2017, 11:00 am
Duration: 3h

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

The Karta in a Joint Hindu family business has _______ liability

unlimited

limited

joint

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [0.01] Forms of Business Organizations
[1]1.A.2

Perishable goods are stored in _______.

(a) bonded warehouses

(b) duty paid warehouses

(c) cold storage warehouses

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

The process of contracting a business function to someone else is called as _______.

(a) e‐business

b) outsourcing

(c) trading

Concept: Concept of Outsourcing
Chapter: [0.03] Emerging Modes of Business
[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

Government has established _______ to settle consumers’ disputes by compromise.

(a) Lok Adalat

(b) District Forum

(c) Supreme Court

Concept: Concept of Social Responsibility
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[5]1.B | Match the correct pairs:
[1]1.B.1

Match the correct pairs:

  Group “A”   Group “B”
1 Co‐operative society a Manager
2 F.W. Taylor b 12 hours service
3 Directing function c One member one vote
4 A.T.M. d Government owned
5 Rail transport e Father of scientific management
    f 24 hour service
    g Owned by private companies
    h Father of modern management
    i Maximum business secrecy
    j Worker

 

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[5]1.C | Write a word or a phrase or term which can substitute the following statements:
[1]1.C.1

Write a word or a phrase or a term which can substitute the following.

A partner who gives his name to a partnership 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

A consumer dispute redressal agency that handles claims up to rupees twenty lakhs (Rs. 20,00,000)

Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
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[1]1.C.4

The principle of management which advocates that work should be divided into small sub‐parts.

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

One of the functions of the management is considered as a base for all functions.

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

Organising and Directing.

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

Co‐operative society and Joint Hindu family 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

Disadvantages of e‐business.

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

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

Concept: Concept of Principles of Management
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[5]3.C

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

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

Importance of staffing.

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

Write Short Note on the following:
Role of transport

Concept: Role of Transport
Chapter: [0.02] 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 statement is True or False:

Maximisation of profit is the object of a co‐operative society.

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:

e‐business means using the internet to connect people and processes.

True

False

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 statement is True or False:

The business organisation has 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 statement is True or False:

Consumer Protection Act is not a blessing for the consumers.

True

False

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

State the social responsibilities of a business towards consumers.

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

Explain the characteristics of entrepreneur.

Concept: Entrepreneurship
Chapter: [0.03] Entrepreneurship Development [0.08] Entrepreneurship Development
[5]5.C

State the importance of Controlling.

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
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[10]6.A

Long answer type question.

Define Joint Stock Company and explain its features.

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

Define Fire Insurance. 

Concept: Concept of Insurance
Chapter: [0.02] Business Services
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