Maharashtra State BoardHSC Commerce 12th Board Exam
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Organisation of Commerce and Management Set 1 2018-2019 HSC Commerce 12th Board Exam Question Paper Solution

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Organisation of Commerce and Management [Set 1]
Marks: 80Academic Year: 2018-2019
Date & Time: 27th February 2019, 11:00 am
Duration: 3h

[15]1
[5]1.A
[1]1.A.1

Select the proper option from the options given below and rewrite the completed sentence.
The Karta in 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

Select the proper option from the options given below and rewrite the completed sentence.
Perishable goods are stored in ________.

Bonded warehouses

Duty paid warehouses

Cold storage warehouses

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

Select the proper option from the options given below and rewrite the completed sentence:
The process of contracting a business function to someone else is called as ________.

e-business

outsourcing

trading

Concept: Payment Mechanism
Chapter: [0.03] Emerging Modes of Business
[1]1.A.4

Select the proper option from the option given below and rewrite the completed sentence.
To maintain safety of investment is responsibility of business towards _______.

Community

Investors

Employees

Concept: Role of Environment Protection and Business
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.A.5

Select the proper option from the options given below and rewrite completed Sentence.
According to the principle of ________ all employees should be given same treatment.

Authority

Discipline

Equity

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

Match the following words from group 'A' and 'B'

Group 'A'
Group 'B'
(a) Co - operative society
(1) 1986
(b) e- business
(2) Primary function of management
(c) Consumer protection act
(3) Father of modern management
(d) F.W. Taylor
(4) 1956
(e) Planning
(5) Profit objective
 
(6) Outsourcing
 
(7) Father of scientific management
 
(8) Electronic business
 
(9) End function of management
 
(10) Service objective
Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]1.C
[1]1.C.1

‘One man show’ type of business organization.

Concept: Concept of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
[1]1.C.2

Write a word or phrase or a term which can substitute  the following:
The principle of insurance under which the insurer and the insured must show complete faith towards each other

Concept: Role of Transport
Chapter: [0.02] Business Services
[1]1.C.3

Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.

Concept: Concept of Social Responsibility
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[1]1.C.4

Write a word or a phrase or a term which can substitute the following.
A consumer dispute redressal agency that handles claims up to rupees twenty lakhs.

Concept: Consumer Awareness
Chapter: [0.05] Consumer Protection
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[1]1.C.5

A process where managers instruct, guide, and communicate with employees.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]2 | Attempt any three
[5]2.A

Distinguish between Partnership Firm Joint Stock Company

Concept: Concept of Partnership
Chapter: [0.01] Forms of Business Organizations
[5]2.B

Road Transport V/s Rail Transport

Concept: Role of Transport
Chapter: [0.02] Business Services
[5]2.C

District Forum and State Commission

 
 
Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
Chapter: [0.05] Consumer Protection
[5]2.D

Distinguish between: Private Company and Public Company

Concept: Concept of Company
Chapter: [0.01] Forms of Business Organizations
[5]2.E

Staffing and Controlling

Concept: Management Functions
Chapter: [0.07] Functions of Management
[15]3 | Attempt any three
[5]3.A

Merits and Demerits of Co-operative Society?

Concept: Concept of Cooperative Societies
Chapter: [0.01] Forms of Business Organizations
[5]3.B

Write short note on Disadvantage of e – business.

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

Elements of Business Ethics?

Concept: Elements of Business Ethics
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]3.D

write short note on Consumer Rights

Concept: Concept of Consumer Protection
Chapter: [0.05] Consumer Protection
[5]3.E

Write Short Note on the following:
Nature of Planning.

Concept: Management Functions
Chapter: [0.07] Functions of Management
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[15]4 | Attempt any three
[5]4.A

State with reasons whether the following statement true or false.
There is no limit for membership in Joint Hindu family Business.

True 

False 

Concept: Choice of Form of Business Organization
Chapter: [0.01] Forms of Business Organizations
[5]4.B

State with Reasons whether the following statement is TRUE or FALSE.

Overdraft facility is given to saving account holders.

True 

False 

Concept: Banking - Types of Bank
Chapter: [0.02] Business Services
[5]4.C

State with reasons whether the following statements are True or False

Credit cards are mostly used for online payment.

True

False

Concept: Banking Services with Particular Reference - E-banking
Chapter: [0.02] Business Services
[5]4.D

Consumer being the king of the market does not have any responsibilities.

Concept: Responsibility Towards - Consumers
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]4.E

State with reasons whether the following statement true or false:
Principles of management are rigid.

True

False 

Concept: Concept of Principles of Management
Chapter: [0.06] Principles of Management
[10]5 | Attempt any two
[5]5.A

Write short note on Importance of coordination.

Concept: Management Functions
Chapter: [0.07] Functions of Management
[5]5.B

Write short answers of the following.

State the responsibilites of business organisations towards emplyees.

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

Write short note on Henri Fayol's Principles of Management? (14 Principles)

Concept: Fayol’s Principles of Management
Chapter: [0.06] Principles of Management
[5]5.D

Write short note on Functions of entrepreneur

Concept: Function of Entrepreneurship Development
Chapter: [0.08] Entrepreneurship Development
[10]6
[10]6.A

Define a sole trading concern. Explain its merits and
demerits.

Concept: Merits of Sole Proprietorship Or Sole Trader
Chapter: [0.01] Forms of Business Organizations
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OR
[10]6.B

Answer the following question:
Define insurance. Explain the various principles of insurance.

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

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Maharashtra State Board previous year question papers 12th Board Exam Organisation of Commerce and Management with solutions 2018 - 2019

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