Secretarial Practice Official 2023-2024 HSC Commerce (English Medium) 12th Standard Board Exam Question Paper Solution

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Secretarial Practice [Official]
Marks: 80 Maharashtra State Board
HSC Commerce (English Medium)
HSC Commerce: Marketing and Salesmanship

Academic Year: 2023-2024
Date & Time: 28th February 2024, 11:00 am
Duration: 3h
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Note:

  1. All questions are compulsory.
  2. Figures to the right indicate full marks for the questions.
  3. Figures to the left indicate question numbers,
  4. Answer to every question must be started on a new page.

[20]1
[5]1.A | Select the correct answer from the options given below and rewrite the sentences :
[1]1.A.1

Finance is the management of ______ affairs of the company.

monetary

marketing

production

Concept: Finance
Chapter: [0.01] Introduction to Corporate Finance
[1]1.A.2

Company can accept deposits from public, minimum for ______ months.

six

nine

twelve

Concept: Sources of Borrowed Capital - Acceptance of Deposits
Chapter: [0.02] Sources of Corporate Finance [0.05] Deposits
[1]1.A.3

A company can issue ______ convertible debentures.

Only partly

Only fully

Partly or fully

Concept: Provisions for Issue of Debentures as per Companies Act, 2013
Chapter: [0.04] Issue of Debentures
[1]1.A.4

Debenture capital is a ______ capital of a company.

Borrowed

Owned

Permanent

Concept: Precautions to Be Taken by the Secretary While Corresponding with Debenture Holders
Chapter: [0.07] Correspondence with Debentureholders
[1]1.A.5

______ is a return paid to creditors by the company.

Dividend

Interest

Rent

Concept: Interest
Chapter: [0.1] Dividend and Interest
[5]1.B

Match the pairs:

Group ‘A’  Group ‘B’
(a) Capital budgeting (1) Unsecured Debenture
(b) Regret Letter (2) 1956
(c) Board of Directors (3) Investment decision
(d) Depository Act (4) Allotment of shares
(e) Final Dividend (5) Decided and declared by Board of Directors 
  (6) Financing decision 
  (7) Decided by Board and declared by members
  (8) 1996
  (9) Power to issue debentures
  (10) Non-Allotment of shares
Concept: Corporate Finance
Chapter: [0.01] Introduction to Corporate Finance
[5]1.C
[1]1.C.1

Find the odd one.

Debenture

Public deposit

Retained earnings

Concept: Retained Earnings
Chapter: [0.02] Sources of Corporate Finance
[1]1.C.2

Find the odd one.

Bonus shares

Rights Shares

Employees Stock Option Scheme (ESOS)

Concept: Methods of Issue of Shares
Chapter: [0.03] Issue of Shares
[1]1.C.3

Find the odd one.

Private company

Non-Eligible public company

Government company

Concept: Terms and Conditions for Acceptance of Deposits
Chapter: [0.05] Deposits
[1]1.C.4

Find the odd one.

Depository

DP

RBI

Concept: Constituents of Depository System
Chapter: [0.09] Depository System
[1]1.C.5

Find the odd one.

FPO

Private Placement

Commercial paper

Concept: Concept of Financial Markets
Chapter: [0.07] Financial markets [0.11] Financial Market
[5]1.D
[1]1.D.1

Correct the underlined word and rewrite the following sentence.

Owned capital is temporary capital.

Concept: Sources of Owned Capital
Chapter: [0.02] Sources of Corporate Finance
[1]1.D.2

Correct the underlined word and rewrite the following sentence.

FPO refers to offering of shares to the public for the first time.

Concept: Methods of Issue of Shares
Chapter: [0.03] Issue of Shares
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[1]1.D.3

Correct the underlined word and rewrite the following sentence:

Dividend is recommended by shareholders.

Concept: Precautions to Be Taken by the Secretary While Corresponding with Members
Chapter: [0.06] Correspondence with Members
[1]1.D.4

Correct the underlined word and rewrite the following sentence.

Deposit is a long term source of capital.

Concept: Precautions to Be Taken by the Secretary While Corresponding with Depositors
Chapter: [0.08] Correspondence with Depositors
[1]1.D.5

Correct the underlined word and rewrite the following sentence.

A stock market is an important constituents of money market.

Concept: Functions of Stock Exchange
Chapter: [0.12] Stock Exchange
[8]2 | Explain the following terms/concepts (Any FOUR):
[2]2.A

Explain the following term/concept:

Fixed capital

Concept: Capital Requirements
Chapter: [0.01] Introduction to Corporate Finance
[2]2.B

Explain the following term/concept.

Borrowed Capital

Concept: Sources of Borrowed Capital
Chapter: [0.02] Sources of Corporate Finance
[2]2.C

Explain the following term/concept:

Bonus shares

Concept: Methods of Issue of Shares
Chapter: [0.03] Issue of Shares
[2]2.D

Explain the following term/concept:

Depository system

Concept: Depository System
Chapter: [0.09] Depository System
[2]2.E

Explain the following term/concept.

Secondary market

Concept: Types of Financial Market - Capital Market
Chapter: [0.11] Financial Market
[2]2.F

Explain the following term/concept in detail:

Stock Exchange

Concept: Stock Exchange
Chapter: [0.12] Stock Exchange
[6]3 | Study the following case/situation and express your opinion (Any TWO):
[3]3.A
Study the following case/situation and express your opinion.
Violet Ltd. company plans to raise ₹ 10 crores by issuing debentures. The Board of Directors has some queries. Please advise them on the following: 
  1. Can they issue convertible debentures? 
  2. As the company is offering debentures to its members, can such debentures have normal voting rights?
  3. Capital raised by issuing debentures will be Owned Capital or Borrowed Capital?
Concept: Sources of Borrowed Capital - Debentures
Chapter: [0.02] Sources of Corporate Finance
[3]3.B

Study the following case/situation and express your opinion.

Mr. Satish holds 100 shares of Raj Company Ltd. in physical mode and wishes to convert the same into electronic mode:
  1. Mr. Satish holds a Savings Bank Account with SBI Can he deposit his shares in this account for demat?
  2. What type of account is needed for the same?
  3. Is the RBI which will be the custodian of shares of Mr. Satish after demating?
Concept: Functioning of Depository System
Chapter: [0.09] Depository System
[3]3.C

Study the following case/situation and express your opinion:

GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2019-20.

  1. Is the company under default, if the dividend was not paid within 30 days of its declaration?
  2. Is the company right in transferring the unpaid dividend to its Debenture Reserve Account?
  3. Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?
Concept: Legal Provisions on Dividend
Chapter: [0.1] Dividend and Interest
[12]4 | Distinguish between the following (Any THREE) :
[4]4.A

Distinguish between Fixed capital and working capital.

Concept: Capital Requirements
Chapter: [0.01] Introduction to Corporate Finance
[4]4.B

Distinguish between the following.

Rights Shares and Bonus Shares

Concept: Issue of Shares
Chapter: [0.03] Issue of Shares
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[4]4.C

Distinguish between the following.

Dematerialization and Rematerializotion

Concept: Concepts/Terms Related to Depository System
Chapter: [0.09] Depository System
[4]4.D

Distinguish between the Following.

Dividend and Interest

Concept: Interest
Chapter: [0.1] Dividend and Interest
[8]5 | Answer in brief (Any TWO) :
[4]5.A

Answer in brief.

Explain Employee stock option scheme.

Concept: Methods of Issue of Shares
Chapter: [0.03] Issue of Shares
[4]5.B

State any four terms and conditions regarding acceptance of Deposit.

Concept: Terms and Conditions for Acceptance of Deposits
Chapter: [0.05] Deposits
[4]5.C

Answer the following question.

Explain Interim Dividend.

Concept: Interim Dividend
Chapter: [0.1] Dividend and Interest
[8]6 | Justify the following statements (Any TWO) :
[4]6.A

Justify the following statement.

Bond holder is creditor of the company.

Concept: Sources of Borrowed Capital - Bonds
Chapter: [0.02] Sources of Corporate Finance
[4]6.B

Justify the following statement:

A company has to create charge on its assets for issuing secured debentures.

Concept: Debentures Trustees
Chapter: [0.04] Issue of Debentures
[4]6.C

Justify the following statement.

Capital market is useful for corporate sector.

Concept: Types of Financial Market - Capital Market
Chapter: [0.11] Financial Market
[4]6.D

Justify the following statement.

Stock exchanges work for the growth of the Indian economy.

Concept: Stock Exchange
Chapter: [0.12] Stock Exchange
[10]7 | Attempt the following (Any TWO) :
[5]7.A

Write a letter to the member for the payment of dividends through the Dividend Warrant.

Concept: Specimen Letters
Chapter: [0.06] Correspondence with Members
[5]7.B

Write a letter to the debenture holder regarding payment of interest electronically.

Concept: Correspondence with Debentureholders - Specimen Letters
Chapter: [0.07] Correspondence with Debentureholders
[5]7.C

Write a letter to depositor regarding renewal of his deposit.

Concept: Correspondence with Depositors - Specimen Letters
Chapter: [0.08] Correspondence with Depositors
[8]8 | Answer the following questions (Any ONE) :
[8]8.A

Answer the following question.

Define preference shares. What are the different types of preference shares?

Concept: Sources of Owned Capital - Shares
Chapter: [0.02] Sources of Corporate Finance
[8]8.B

Briefly explain the provisions of Companies Act, 2013 for issue of debentures.

Concept: Provisions for Issue of Debentures as per Companies Act, 2013
Chapter: [0.04] Issue of Debentures

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