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Question Paper Solutions - Organisation of Commerce and Management 2014 - 2015-H.S.C-12th Board Exam Maharashtra State Board (MSBSHSE)


Marks: 80
[15]1
[5]1.1 | Select the proper option from the options given below and rewrite the sentences
[1]1.1.1

Indian Partnership Act was passed in the year...............................

  1. 1932
  2. 1923
  3. 1942
Chapter: [1.02] Forms of Business Organizations
Concept: Concept of Partnership
[1]1.1.2

In India railways are owned and managed by......................................

  1. Private companies
  2. Government
  3. Individuals
Chapter: [2] Business Services
Concept: Role of Transport
[1]1.1.3

Staffing is concerned with.................................

  1. Physical factor
  2. Financial factor
  3. Human factor
Chapter: [3.05] Functions of Management
Concept: Management Functions
[1]1.1.4

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

  1. Representatives
  2. Members
  3. Trustees
Chapter: [1.06] Social Responsibility of Business and Business Ethics
Concept: Concept of Business Ethics
[1]1.1.5

National Commission has .............................. members in addition to the Chairman.

  1. 2
  2. 3
  3. 4
Chapter: [2.04] Consumer Protection
Concept: Role of Consumer Organizations and Non-governmental Organizations (NGOs)
[5]1.2 | Match the correct pairs
  Group'A'   Group 'B'
a Sole trader 1 Insurable interest
b Life insurance 2 Branch of Social Science
c Business ethics 3 Local market
d Henry Fayol 4 Father of scientific management
e

Planning

5 Principle of indemnity
    6 Father of modern management
    7 Primary function of management
    8 To earn profit
    9 Last function of management
    10 National market
Chapter: [1] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader
[5]1.3 | Write a word or phrase or term which can substitute the following statements
[1]1.3.1

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

Chapter: [1.02] Forms of Business Organizations
Concept: Types of Partners
[1]1.3.2

The term derived from the terms ‘e-mail’ and ‘e-commerce.

Chapter: [1.05] Emerfing Modes of Business
Concept: Concept of E-business
[1]1.3.3

The right of consumer which allows him to express his views.

Chapter: [4.03] Consumer Protection
Concept: Concept of Consumer Protection
[1]1.3.4

The principle of management explaining about fair payment to workers.

Chapter: [3.04] Principles of Management
Concept: Concept of Principles of Management
[1]1.3.5

The form of electronic currency that exists only in cyberspace.

Chapter: [3] Emerging Modes of Business
Concept: Resources Required for Successful E-business Implementation
[15]2 | Distinguish between the following (Any THREE)
[5]2.1

Joint Hindu Family firm and Joint Stock company.

Chapter: [1.02] Forms of Business Organizations
Concept: Hindu Undivided Family Business or Joint Hindu Family Business
[5]2.2

Bonded warehouse and Duty paid warehouse.

Chapter: [2] Business Services
Concept: Concept of Warehousing
[5]2.3

District Forum and State Commission.

Chapter: [5] Consumer Protection
Concept: Legal Redressal Machinery Under Consumer Protection Act 1986
[5]2.4

Organising and Coordinating.

Chapter: [3.05] Functions of Management
Concept: Management Functions
[5]2.5

Cooperative society and Partnership firm

Chapter: [1] Forms of Business Organizations
Concept: Concept of Cooperative Societies
[15]3 | Write short notes on the following (Any THREE)
[5]3.1

Features of sole trading concern.

Chapter: [1] Forms of Business Organizations
Concept: Concept of Sole Proprietorship Or Sole Trader
[5]3.2

Any ‘five types’ of banks.

Chapter: [2] Business Services
Concept: Banking - Types of Bank
[5]3.3

Advantages of e-business.

Chapter: [1.05] Emerfing Modes of Business
Concept: Concept of E-business
[5]3.4

Any ‘five cases’ (needs) of social responsibilities of business.

Chapter: [4] Social Responsibilities of Business and Business Ethics.
Concept: Concept of Social Responsibility
[5]3.5

Nature of principles of management.

Chapter: [6] Principles of Management
Concept: Significance of Principles of Management
[15]4 | State with reasons whether the following statements are True or False (Any THREE)
[5]4.1

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

 

Chapter: [1.02] Forms of Business Organizations
Concept: Concept of Partnership
[5]4.2

Cash can be withdrawn from ATM at any time.

Chapter: [2] Business Services
Concept: Function of Commercial Banks
[5]4.3

Business organisation is not responsible to control pollution.

Chapter: [4] Social Responsibilities of Business and Business Ethics.
Concept: Role of Environment Protection and Business
[5]4.4

In India Consumer Protection Act is not required.

Chapter: [4.03] Consumer Protection
Concept: Concept of Consumer Protection
[5]4.5

Training broadens the vision of entrepreneurs.

Chapter: [8] Entrepreneurship Development
Concept: Entrepreneurship
[10]5 | Attempt the following (Any TWO)
[5]5.1

State the advantages of Road Transport.

Chapter: [2] Business Services
Concept: Role of Transport
[5]5.2

State the working of a Payment Gateway.

Chapter: [1.05] Emerfing Modes of Business
Concept: Concept of E-business
[5]5.3

State the responsibilities of consumers.

Chapter: [4.03] Consumer Protection
Concept: Concept of Consumer Protection
[5]5.4

State the principles of Scientific Management.

Chapter: [1.02] Principles of Management
Concept: Principles of Taylor’s Scientific Management
[10]6 | Attempt any ONE
[10]6.1

Define 'partnership firm'. Explain its merits and demerits.

Chapter: [1.02] Forms of Business Organizations
Concept: Concept of Partnership
[10]6.2

Define ‘planning’. Explain its importance.

Chapter: [3.05] Functions of Management
Concept: Management Functions
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