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Question Paper Solutions for Organisation of Commerce and Management 2016-2017 HSC Commerce 12th Board Exam

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Organisation of Commerce and Management
2016-2017 March
Marks: 80

[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

(a) unlimited

(b) limited

(c) joint

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

Perishable goods are stored in _______.

(a) bonded warehouses

(b) duty paid warehouses

(c) cold storage warehouses

Chapter: [2] Business Services
Concept: Concept of Warehousing
[1]1.A.3

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

(a) e‐business

b) outsourcing

(c) trading

Chapter: [3] Emerging Modes of Business
Concept: Concept of Outsourcing
[1]1.A.4

Businessmen are .......................... of the society.

  1. Representatives
  2. Members
  3. Trustees

(a) representatives

(b) members

(c) trustees

Chapter: [4] Social Responsibilities of Business and Business Ethics.
Concept: Concept of Business Ethics
[1]1.A.5

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

(a) Lok Adalat

(b) District Forum

(c) Supreme Court

Chapter: [4] Social Responsibilities of Business and Business Ethics.
Concept: Concept of Social Responsibility
[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

 

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

A partner who gives his name to a partnership firm.

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

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

Chapter: [4] Social Responsibilities of Business and Business Ethics.
Concept: Responsibility Towards - Consumers
[1]1.C.3

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

Chapter: [5] Consumer Protection
Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
[1]1.C.4

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

Chapter: [6] Principles of Management
Concept: Concept of Principles of Management
[1]1.C.5

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

Chapter: [7] Functions of Management
Concept: Management Functions
[15]2 | Distinguish between the following: (Any three)
[5]2.A

Sole trading concern and Partnership firm .

Chapter: [1] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader
[5]2.B

Savings account and Fixed deposit account.

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

Distinguish between District Forum and National Commission

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

Organising and Directing.

Chapter: [7] Functions of Management
Concept: Management Functions
[5]2.E

Co‐operative society and Joint Hindu family firm.

Chapter: [1] Forms of Business Organizations
Concept: Concept of Cooperative Societies
[15]3 | Write short notes on the following: (Any three)
[5]3.A

Disadvantages of e‐business.

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

Any ‘five’ principles of management.

Chapter: [6] Principles of Management
Concept: Concept of Principles of Management
[5]3.C

Types of partners.

Chapter: [1] Forms of Business Organizations
Concept: Types of Partners
[5]3.D

Importance of staffing.

Chapter: [7] Functions of Management
Concept: Management Functions
[5]3.E

Role of transport.

Chapter: [2] Business Services
Concept: Role of Transport
[15]4 | State with reasons, whether the following statements are True or False: (Any three)
[5]4.A

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

Chapter: [1] Forms of Business Organizations
Concept: Concept of Cooperative Societies
[5]4.B

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

Chapter: [3] Emerging Modes of Business
Concept: Concept of E-business
[5]4.C

Statement with reasons whether the following statement is True or False:

Consumer Protection Act is not a blessing for the consumers.

Chapter: [5] Consumer Protection
Concept: Consumer Protection Act 1986
[5]4.D

Statement with reasons whether the following statement is True or False:

Consumer Protection Act is not a blessing for the consumers.

Chapter: [5] Consumer Protection
Concept: Consumer Protection Act 1986
[5]4.E

State with reasons, whether the following statements are True or False:

Principles of management improve the efficiency of employees.

Chapter: [6] Principles of Management
Concept: Concept of Principles of Management
[10]5 | Attempt the following questions: (Any two)
[5]5.A

State the social responsibilities of a business towards consumers.

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

Write short answers of the following:

Explain characteristics of entrepreneurship.

Chapter: [8] Entrepreneurship Development
Concept: Entrepreneurship
[5]5.C

State the importance of Controlling.

Chapter: [7] Functions of Management
Concept: Management Functions
[5]5.D

State the rights of consumers.

Chapter: [5] Consumer Protection
Concept: Consumer Protection Act 1986
[10]6
[10]6.A

Define Joint Stock Company and explain its features.

Chapter: [1] Forms of Business Organizations
Concept: Concept of Partnership
[10]6.B

Define Fire Insurance. Explain the various types of fire insurance policy.

Chapter: [2] Business Services
Concept: Concept of Insurance

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