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Organisation of Commerce and Management Set 1 2017-2018 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management
Set 1
2017-2018 July
Marks: 80

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

The Co-operative societies act was passed in the year ____________

(a) 1932
(b) 1912

(c) 1956

Concept: Concept of Cooperative Societies
Chapter: [1] 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: [2] 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: [2] Business Services
[1]1.A.4

Select the proper option from the options given below and rewrite the sentences:

Ultimate goal of business must be the sa tisfaction of ..... ... .. .......... ... .

(a) shareholders

(b) consumers

c) owners

Concept: Concept of Consumer Protection
Chapter: [5] Consumer Protection
[1]1.A.5

Henry Fayol in called as the father of __________ management. 

(a) modern
(b) scientific

(c) technical

Concept: Fayol’s Principles of Management
Chapter: [6] Principles of Management
[5]1.B
Group A
Group B
(a) Registration of a company
(1) 24th December
(b) E-business
(2) One man one boss
(c) World consumers’ Right Day
(3) Giving direction
(d) Principle of unity of command
(4) One man many bosses
(e) Controlling
(5) Outsourcing.
 
(6) 15th March
 
(7) Optional
 
(8) Electronic business
 
(9) Taking corrective action
 
(10) Compulsory
Concept: Concept of Company
Chapter: [1] Forms of Business Organizations
[5]1.C | Write only ‘one’ word or phrase or term which can substitute the following statements
[1]1.C.1

A partner who gives his name to a partnership firm.

Concept: Concept of Partnership
Chapter: [1] Forms of Business Organizations
[1]1.C.2
The bank account suitable for salaried people.
Concept: Banking Services with Particular Reference - E-banking
Chapter: [2] Business Services
[1]1.C.3

A set of Principles of right conduct.

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

A consumer dispute redressal agency working at a national level.

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

A management function directly related to human resources.

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

Sole Trading Concern Partnership firm

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

Road Transport V/s Rail Transport

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

State Commission National Commission

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

Planning and Staffing. Distinguish between HSC OCM.

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

Co - operative Society Joint Hindu Family Firm

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [1] Forms of Business Organizations
[15]3 | Write short notes on the following (Any Three)
[5]3.A

Merits and Demerits of Joint Hindu Family?

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [1] Forms of Business Organizations
[5]3.B

Write short answers of the following:

State the advantages of outsourcing.

Concept: Concept of Outsourcing
Chapter: [3] Emerging Modes of Business
[5]3.C

State the social responsibilities of business organization towards government. 

Concept: Responsibility Towards - Government
Chapter: [4] Social Responsibilities of Business and Business Ethics.
[5]3.D

A Consumer Disputes Redressal Forum, to be known as the District Forum.

Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
Chapter: [5] Consumer Protection
[5]3.E

Nature of principles of management.

Concept: Significance of Principles of Management
Chapter: [6] Principles of Management
[15]4 | State the reasons whether the following statements are true or false. (Any three)
[5]4.A

The main purpose of a cooperative organization is to earn profit.

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

Principles of utmost good faith is only applicable to life insurance contract.

Concept: Concept of Insurance
Chapter: [2] Business Services
[5]4.C

The consumer protection act was passed in the interest of the consumers.

Concept: Concept of Consumer Protection
Chapter: [5] Consumer Protection
[5]4.D

According to F. W. Taylor, there should be scientific selection and training of employees.

Concept: Principles of Taylor’s Scientific Management
Chapter: [6] Principles of Management
[5]4.E

Division of work is not required in organising a function.

Concept: Choice of Form of Business Organization
Chapter: [1] Forms of Business Organizations
[10]5 | Write answers of the following. (Any Two)
[5]5.A

State the nature of directing as a function.

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

State the steps involved in online transactions.

Concept: Online Transaction
Chapter: [3] Emerging Modes of Business
[5]5.C

Need (Cases) for Social Responsibility?

Concept: Case of Social Responsibility
Chapter: [4] Social Responsibilities of Business and Business Ethics.
[5]5.D

Explain the characteristics of an entrepreneur. –

Concept: Entrepreneurship
Chapter: [8] Entrepreneurship Development
[10]6 | Attempt Any One Of The Following
[10]6.A

Features of Joint Stock Company?

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

Define Bank. Explain different types of banks.

Concept: Banking - Types of Bank
Chapter: [2] Business Services

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