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

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Organisation of Commerce and Management
2017-2018 March
Marks: 80

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

The maximum number of partners for a firm carrying on banking business is .............. .

ten

twenty

seven

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

Bonded warehouses are locted at ................. .

railway stations

villages

ports

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

To maintain safety of investment is the responsibility of business towards ........... .

community

investors

employees

Concept: Responsibility Towards - Investors
Chapter: [4] Social Responsibilities of Business and Business Ethics.
[1]1.A.4

The president of State Commission is ................. .

District Court Judge

Supreme Court Judge

High Court Judge

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

Management principles influence .................. .

human behaviour

organization

 

government

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

Match the correct pairs :

Group ‘A’ Group ‘B’
(a) Indian Companies Act
(b) Air transport
(c) HTTP
(d) Trade Union
(e) Directing
(1) Cheapest mode of transport
(2) Directly related to Human beings
(3) Negotiations with management
(4) 1956
(5) Hyper Transfer Text Protocol
(6) 1932
(7) Not directly related to human beings
(8) Costliest mode of transport
(9) Encryption
(10) To maintain solvency and prestige
Concept: Meaning of Business Services
Chapter: [2] Business Services
[5]1.C | Write only ‘one’ word or phrase or term which can substitute the following statements :
[1]1.C.1

Write only ‘one’ word or phrase or term which can substitute the following statement :

A partner who gives only his name to the partnership firm.

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

Write only ‘one’ word or phrase or term which can substitute the following statement :

The form of electronic currency that exists only in cyberspace.

Concept: Resources Required for Successful E-business Implementation
Chapter: [3] Emerging Modes of Business
[1]1.C.3

Write only ‘one’ word or phrase or term which can substitute the following statement :

A consumer dispute redressal agency the handles claims of more than ` 1 (one) crore.

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

Write only ‘one’ word or phrase or term which can substitute the following statement :

Father of modern management.

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

Write only ‘one’ word or phrase or term which can substitute the following statement:

An end function where the performance is evaluated in accordance with the plan.

Concept: Management Functions
Chapter: [7] Functions of Management
[15]2 | Attempt any three of the following
[5]2.A

Distinguish between the following:
Joint Hindu Family firm and joint stock company

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [1] Forms of Business Organizations
[5]2.B

Distinguish between the following:

District Forum and State Commission.

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

Distinguish between the following:

Fire Insurance and Marine Insurance

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

Distinguish between the following:

Cooperative society and Partnership firm

Concept: Concept of Cooperative Societies
Chapter: [1] Forms of Business Organizations
[5]2.E

Distinguish between the following:

Distinguish between Organising and Staffing

Concept: Management Functions
Chapter: [7] Functions of Management
[15]3 | Attempt any three of the following
[5]3.A

Write short notes on the following:

Features of a co-operative societies

Concept: Concept of Cooperative Societies
Chapter: [1] Forms of Business Organizations
[5]3.B

Write short note on the following:

Advantages of e-business.

Concept: Concept of E-business
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

Write short notes on the following:

Importance of consumer protection

Concept: Consumer Awareness
Chapter: [5] Consumer Protection
[5]3.E

Write short notes on the following:

Importance of co-ordinating.

Concept: Management Functions
Chapter: [7] Functions of Management
[15]4 | Attempt any three of the following
[5]4.A

Statement with reasons whether the following statement is True or False

In a partnership firm, the liability of partners is unlimited.

Concept: Registration of a Partnership Firm
Chapter: [1] Forms of Business Organizations
[5]4.B

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

Consumer Protection Act is not a blessing for the consumers.

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

Statement with reasons whether the following statement is True or False

Lok Adalat can rightly be described as "people's court".

Concept: Management Functions
Chapter: [7] Functions of Management
[5]4.D

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

According to 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

Statement with reasons whether the following statements are True or False:
Planning has no vital importance in the process of management.

Concept: Management Functions
Chapter: [7] Functions of Management
[10]5 | Attempt any two of the following
[5]5.A

Write short answer of the following.
State the various types of warehouses.

Concept: Concept of Warehousing
Chapter: [2] Business Services
[5]5.B

Write short answers of the following:

State the advantages of outsourcing.

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

write the short note on Significance of Principles of Management

Concept: Significance of Principles of Management
Chapter: [6] Principles of Management
[5]5.D

Write short answers of the following:

Explain characteristics of entrepreneurship.

Concept: Entrepreneurship
Chapter: [8] Entrepreneurship Development
[10]6 | Attempt one of the following
[10]6.A

Define 'Joint Hindu family'.

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

Explain the features of a joint Hindu family firm.

Concept: Hindu Undivided Family Business or Joint Hindu Family Business
Chapter: [1] Forms of Business Organizations
[10]6.B

Define 'bank'.

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

Explain different types of banks.

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

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