( Half yearly examination )
Grade -11th Royal
Subject:- Business studies
Time:- 3hrs. MM:- 80
General instructions:-
1) This question paper contains 34 questions.
2) Answer should be brief and to the point.
3) Answer to the questions carrying 3 marks may be from 50-70 words.
4) Answer to the questions carrying 4 marks may be about 150 words.
5) Answer to the questions carrying 6 marks may be about 200 words.
6) This question paper is devided into two parts part- A and part-B.
(Part-A)
Q.1 Earthquake comes under which type of risk?
a) Natural cause risk b) Human cause risk c) Economic cause risk d)
Physical cause risk
Q.2 Match the following items of column A with the item given in column B :-
Column A. Column B.
A. Extractive industry (1) TV industry
B. Genetic industry (2) Farming
C. Processing industry (3) Fish hatchery
D. Assembling industry (4) Paper industry
A) A-2, B-3, C-4, D-1
B) A-3, B-2, C-1, D-4
C) A-4, B-2, C-3, D-1
D) A-1, B-4, C-2, D-3
Q.3 Which of the following cannot be classified as an auxiliary to trade ?
a) Mining b) insurance c) warehousing d) Transport
Q.4 A person who is actually not a partner but through his / her behaviour
conduct or initiation allow other partners of the business to represent him as
their partner.
a) Nominal partner b) Partner by estoppel c) Partner by holding out d)
Secret partner
Q.5 Minimum number of members to form a public company is:-
a) 5 b) 7 c) 2 d) 10
Q.6 Name the form of business is undertaking in the paragraph given below.
Mohit Kumar operates and iron and steel business for last 20 years. His
family is joined and has a lot of ancestral property . All the 10 family
members are a part of this business. He is the eldest male member in the
family so he heads the business. He is able to pay all the credits of the
business as he is the decision maker. Mohit’s grandson was born a few days
ago and he is also a member of the business.
a) Sole proprietorship b) Partnership c) Cooperative society d) Hindu
undivided family
Q.7 Public limited company comes under which of the following sector?
a) Private sector b) Public sector c) Joint sector PPP
Assertion -reason questions:-
Read the following statements: Assertion (A) and Reason (R). Choose the
correct alternative from those given below:-
Alternatives :-
(A)Both Assertion A and reason R are true and reason is the
correct explanation of assertion.
(B)Both Assertion A and reason R are true and reason R is
not the correct explanation of assertion A.
(C)Assertion A is true but reason R is false.
(D) Assertion A is false but reason R is true.
Q.8 Assertion:- Department undertakings are able to take benefits of
business opportunities.
Reason:- Departmental undertakings do not undertake risky venture due to
bureaucrat’s over-cautious and conservative approach.
Q.9 Assertion :- Multinationals create numerious employment opportunities
host countries.
Reason:- Multinational make foreign direct investment, which leads to
economic development of host countries.
Q.10 A company has undertaken a fire insurance policy for rupees 5 lakh.
After 2 months due to fire it incurred a loss of Rs 2 lakh. How much amount
will the company get as compensation ?
a) 2 lakh b) 5 lakh c) 10 lakh d) 15 lakh
Q.11 Which of the following can never be dishonoured ?
a) Bank draft b) Cheque c) Both a and b d) none of these
Q.12 Minimum amount for RTGS is :-
a) 25,000 b) 2,00,000 c) 50,000 d) 1,00,000
Q.13 OLX is an example of which of the following categories of e-business ?
a) B2B b) B2C c) C2C d) intra B
Q.14 The payment mechanism typical to e-business:-
a) Cash on delivery b) Cheque c) Credit and debit card d) e-cash
Q.15 To ensure fair and regular return on investment, is related to which
group?
a) Customer b) Employees c) Community d) Shareholders
Q.16 Which of the following feature of social responsibility of the business
firm which fullfill all its social obligations and get benefitted in the long run ?
a) Self interest b) Moral justification c) Social power d) Avoidance of
government interface
Q.17 Debenture holders are called:-
a) Employee b) Owner c) Creditors d) none of these
Q.18 Retain earning are also known as:-
a) Capital b) Ploughing back of profit c) Surplus profit d) Gross profit
Q.19 Match the column:-
Column A Column B
A) Equity financing 1) Reinvested profits
B) Debt financing 2) Funds provided by Bank
C) Retained earnings 3) Share issued to shareholders
D) Bank loan 4) Borrowed funds with an
obligation to repay
A) A-1,B-2,C-4, D-1 B) A-3,B-4,C-1,D-2 C) A-4,B-2,C-3, D-1 D) A-1, B-4,
C-2,D-3.
Q.20 Which of the following instrument is also known as hybrid securities?
a) Equity shares b) Debenture c) Public deposit d) Preference share
(20×1=20)
(Part -B)
Q.21 ABC limited is planning to expand their business and need money. The
finance manager reported that company is not in a position to wear extra
burden of paying interest and equity shareholders insisted not to issue more
shares as there is risk of losing control on issue of new shares in the market ?
A) Suggest a source of owners fund suitable in above case.
B) State any two characteristics of this source.
Q.22 Explain the meaning of social responsibility and any two reasons for
performing social responsibility?
Or
Explain any three features of debentures?
Q.23 Differentiate between e-business and traditional business any three
points?
Or
State any three points of difference between MOA and AOA ?
Q.24 why is life insurance considered as a contract of assurance?
Or
Why are banks called debtors as well as creditors ?
(4×3=12)
Q.25 Mr. Rajeev took an insurance policy against his car and after 3 months
he sold it to Mr. Kailash. The car was stolen from outside of Mr. Kailash house.
Mr. Rajiv made a claim to insurance company. His claim was rejected on the
ground that Mr. Rajiv was no longer owner of the cars so he has no insurable
interest and he has no financial loss with the loss of car.
a) What does ‘Principle of insurable interest state’ ?
b) Was Mr. Rajiv right in making claim?
c) Who should get the compensation?
Q.26 Explain meaning and any three features of departmental undertaking ?
Or
State any four points of difference between shares and Debentures?
Q.27 Indian railway is a part of railway ministry. It is organised, finance and
controlled by railway ministry. The finances are located from Government
treasury and whatever revenue it earns is deposited to government treasury
only. It is treated as a part of Government and even the appointment,
recruitment and selection of employees is done in the same way as that of
civil servant.
a) Name the type of public sector enterprise railway is considered as.
b) What is the status of employees working in railways ?
c) How does it get its finance ?
d) What does it do with its revenue ?
Q.28 List the documents required for the incorporation of a company?
Or
Explain the social responsibility of a business towards the community?
Q.29 Differentiate between company and partnership?
Or
Explain any four features of inter-corporate deposits ?
Q.30 Differentiate between equity shares and preference shares ?
Or
Explain any four benefits of e- Banking ?
(4×6=24)
Q.31 What do you mean by cooperation organisation? Briefly explain any five
characteristics of cooperative societies?
Or
Differentiate between private company and public company any six
points?
Q.32 State any six points of difference between shares and debenture ?
Or
What do you mean by equity shares? State any five features of equity
shares.
Q.33 State any six points of difference between owners fund and borrowed
funds?
Or
What do you mean by commercial bank? Briefly explain any five
characteristics of commercial banks.
Q.34 Benevolent pharmaceutical limited is a socially responsible business.
Its board of director always ensure that all the long term decisions are in
accordance with the laws of the country and moreover in the interest of the
public and stakeholders. In a financial debate on CNN news channel its
chairman explain as to how expenditure on fullfilling social responsibility of
their business is not a burden. In the light of the above example what are the
different stakeholders in a business enterprise and what are the different
ways by which responsibilities towards each of them ought to be fullfield by
the management of the company ? Write a detailed explanatory notes.
(6×4=24)
______________&_______________
(Half-yearly Examination )
Grade -11th
Subject:- Economics
Time:-3hrs. MM:80.
General instructions:-
1) This question paper contains 34 questions.
2) Answer should be brief and to the point.
3) Answer to the questions carrying 3 marks may be from 50-70
words.
4) Answer to the questions carrying 4 marks may be about 150
words.
5) Answer to the questions carrying 6 marks may be about 200
words.
6) This question paper contains two parts part- A and part-B.
(Part-A)
Q.1 Who is the father of statistics? (20×1=20)
a) G. Achenwall b) D. Moivere c) Laplace d) Guass
Q.2 Census of population in India is a……..?
a) Primary data b) Secondary data c) Either of two d) Neither of two
Q.3 By sampling error we mean…….?
a) Error by informant b) Error by Enumerator c) Difference between actual
and estimated value d) None of these
Q.4 By non- random sampling method we means…….?
a) Selection of any few items b) Investigator partiality c) selection of few
items by the choice of investigator d) Any of these
Q.5 First step in presentation of data is…..?
a) Classification b) Seriation c) both of these d) none of these
Q.6 Which of the following factor is used for the conversion of inclusive series
into exclusive series ?
a) Adjustment factor b) Correction factor c) Mid-point d) None of these
Q.7 In which alphabets, values and frequencies are noted in a series?
a) X and Y b) X and F c) A and B d) none of these
Q.8 Which type of data should be presented in a table ?
a) Absolute data b) Relative data c) both of these d) none of these
Q.9 Sum of deviation from actual mean is always………?
a) Positive b) Negative c) Zero d) Any of these
Q.10 In Q3, how many values are less than it ?
a) 75% b) 25% c) 50% d) None of these
Q.11 In a planned economy, economic problems are solved through….?
a) Capitalist b) Price mechanism c) Central planning authority d) Any of
these
Q.12 Efficient use of resources in production is known as……?
a) Growth of resources b) Allocation of resources c) Economising resources
d) Any of these
Q.13 Cost of producing a good in an alternative forgone is known as…..?
a) Marginal cost b) Total cost c) Opportunity cost d) Average cost
Q.14 General tendency of additional utility from additional unit of a good
is……?
a) Increasing b) Remain constant c) Diminishing d) All of these
Q.15 When MU is zero, TU would be…..?
a) Minimum b) Maximum c) Zero d) Negative
Q.16 Price line is alternatively known as ?
a) Budget line b) Market offer curve c) Market opportunity curve d) All of
these
Q.17 When income of the consumer rises, price line shift to……..?
a) Leftward parallel to original IC b) Rightward parallel to original IC
c) Rotates Rightward d) Rotates Leftward
Q.18 Those goods which jointly satisfy a want are known as…….?
a) Inferior goods b) Substitute goods c) Complementary goods d) none of
these
Q.19 Demand curve for normal goods is always………slopping ?
a) Negatively b) Upward c) parallel to -X axis d) parallel to -Y axis
Q.20 Law of Demand applies upon which of the following ?
a) Prestigious goods b) Inferior goods c) Normal goods d) All of these
(Part-B)
Q.21 How is the law of diminishing marginal utility applied with regard to
education knowledge?
(3×4=12)
Q.22 State three causes of Leftward shift in demand curve?
Or
Price of pulses have doubled yet demand for it does not fall. Why ? Do
you think law of demand does not apply on it ?
Q.23 Explain geographical classification with example?
Or
Write a short note on systematic sampling ?
Q.24 State any three objectives of Tabulation of data?
Or
Distinguish between classification and Seriation of data ?
Q.25 Find the arithmetic mean from the following:- ( 4×6=24)
Marks (Below) :- 10-20-30-40-50-60-70-80
No. Of students :- 15-35-60-84-96-127-198-250
By using step-deviation formula.
Q.26 Find out missing frequency when Median =28 in the following data:-
Class interval :- 0-10 10-20 20-30 30-40 40-50
Frequency :- 5 8 -- 16 6
Q.27 Calculate Q1,Q3,D6 and P70 from the following data:-
X:- 20-24-28-16-36-40-32-12
Q.28 Calculate mode cumulative from the following data:-
Marks (Below) :- 10-20-30-40-50-60
No.of students :- 5 -15-40-55-65-70
Q.29 Explain relationship between Marginal utility and Total utility?
Or
Explain consumer equilibrium with single commodity approach?
Q.30 Give four main causes of negative sloping of demand curve ?
Or
Explain the problem of growth of resources with PPC ?
Q.31 Explain various methods of collecting primary data?
(6×4=24)
Or
Explain the importance of statistics in economics ?
Q.32 What do you mean by census investigation? Give its merits and
demerits.
Or
What is questionnaire. Explain various qualities of a good
questionnaire ?
Q.33 State and explain the law of demand with the help of a demand
schedule and demand curve?
Or
What is Economic problem ? Explain various causes of economic problem.
Q.34 Explain the law of Equi-Marginal utility in detail?
Or
What do you mean by indifference curve? Explain various properties of IC.
____________&___________
(Half-yearly Examination)
Grade -11th
Subject:- Accountancy
Time:- 3hrs. MM:-80.
General instructions:-
1) This question paper contains 34 questions. All questions are
compulsory.
2) This question paper is devided into two parts, Part- A and Part-B.
3) Part -A including 1-20 questions carrying 1 mark each.
4) Part-B including 21-24 questions carrying 3 marks each , 25-30
questions carrying 4 marks each and 31-34 questions carrying 6 marks
each.
(Part-A)
Q.1 Under which step of accounting process “Financial statements” are
prepared ?
A) Recording B) Classifying C) Summarising D) Analysing
In the light of given statement in Q.2 and Q.3 , select the most appropriate
answer from the option given below:-
A) Both statements are correct.
B) Both statements are incorrect.
C) Statement 1 is correct and statement 2 is incorrect.
D) Statement 1 is incorrect and statement 2 is correct.
Q.2 Statement 1: Book keeping starts where accounting ends.
Statement 2: Accounting is historical in nature as it does not reflect the
current. Worth of the business.
Q.3 Statement 1: Reliability means the information given in the financial
statements is based on evidences, free from errors and is free from bias.
Statement 2 : Reliability is a qualitative characteristic of financial statements
or information.
Q.4 Which of the following is not a long-term liability ?
A) Creditor B) Term – Loan C) Debenture D) Capital
Q.5 The nature of accrued income is:-
A) Revenue B) Liability C) Expenses D) Assets
Q.6 Revenue – Expense is:-
A) Assets B) Liability C) Equity D) Income
Q.7 The nature of capital is:-
A) An asset B) A liability C) An Income D) An Expense
Q.8 A concept that a business enterprise will not be sold or liquidated in the
near future is known as :-
A) Going concern B) Economic entity C) Monetary unit D) None of
these
Q.9 IASB upon coming into existence has adopted
A) All IAS and SIC B) Some IAS and SIC C) none of the IAS and SIC D)
none of these
Q.10 According to accrual basis of accounting, expenses are accounted:-
A) On payment B) On being incurred C) On prepayment D) None of these
Q.11 Opening capital 30,000, closing capital 15000. Loss during the year is
8,000, Drawing 7,000. Additional capital introduced will be:-
A) Nil B) 8,000 C) 16,000 D) 23,000
Q.12 Opening capital 10,000. Profit earned during the year 5,000. Drawing
are 2,000. Additional capital introduced 1,000. Calculate opening capital:-
A) 14,000 B) 16,000 C) 18,000 D) 20,000
Q.13 Drawing account is a:-
A) Personal account B) real account C) nominal account D) none of
these
Q.14 When goods are purchased against cash, the purchaser will get:-
A) Cash memo B) Invoice C) Accounting voucher D) None of these
Q.15 Sharma, a sole proprietor, deposited into bank transferring the amount
from his savings account will be credited to:-
A) Bank a/c B) Savings a/c C) Business a/c D) Capital a/c
Q.16 Paid wages 10,000 rupees for repair on purchase of an old machine is
debited to:-
A) Repairs a/c B) Wages a/c C) Machinery a/c D) Both a & b
Q.17 Rent paid to janvi, landlord, is credited to:-
A) Janvi a/c B) Cash a/c C) Rent a/c D) Drawing a/c
Q.18 Bad debts earlier written off and now received are credited to:-
A) Bad debts a/c B) Bad debts recovered a/c C) Miscellaneous income a/c
D) Debtors a/c
Q.19 The process of transferring the transaction from the journal to the
ledger is called:-
A) Journalising B) Posting C) Balancing D) Costing
Q.20 What type of ledger account are not carry forward to next year?
A) Personal a/c B) Real a/c C) Nominal a/c D) All of these
(20×1=20)
(Part-B)
Q.21 State any three utilities of Ledger account ?
Q.22 Difference between drawing against capital and drawing against profit ?
Q.23 State any three points of difference between trade discount and cash
discount ?
Q.24 Difference between capital expenditure and revenue expenditure?
(3×4=12
Q.25 State any four objectives of accounting standards ?
Q.26 Write short note on:-
A) Full disclosure principle
B) Materiality principle
Or
Prepare a “T” shape account of furniture and enter the following
transaction:-
1) Furniture purchased – ₹ 50,000
2) Furniture sold - ₹ 10,000
3) Furniture purchased – ₹ 15,000
4) Old furniture discarded – ₹ 5,000
5) Depreciation on furniture – ₹ 3,000
Q.27 Write short note on:-
A) Debit note B) Credit note
Q.28 State any four advantages of journal ?
Q.29 Show accounting treatment for Bad debts and Bad debts recovered with
its meaning?
Or
Explain any four objectives of IASB ?
Q.30 State any four points of difference between journal and ledger ?
(6×4=24)
Q.31 Difference between actual basis of accounting and cash basis of
accounting ?
Or
What is accounting? State any five objectives of accounting.
Q.32 Journalise the following transaction:-
1) 1) Goods costing ₹ 500 given as charity.
2) Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time
of sale and balance after 30 days of sale.
3) Received ₹ 975 from Harikrishna in full settlement of his account of
₹1,000.
4) Received first and final dividend of 60 Paisa in a rupees from the official
receiver of Rajan, who owes us ₹ 1,000.
5) Charge interest on drawing ₹ 1500.
6) Sold goods costing ₹ 40,000 to Anil for cash at a profit of 25% trade
discount and paid cartage ₹100, which is not to be charged from customer.
Q.33 Journalising the following transaction:-
1) Cash withdrawn by the proprietor for personal use ₹2,000.
2) Goods purchased for ₹ 5,000 were taken by the proprietor for personal
use.
3) Paid ₹ 5,000 as life insurance premium of the proprietor.
4) Goods un insured of ₹ 3,000 (purchase cost) were destroyed by fire.
5) Goods costing ₹ 1,000 damaged by fire and insurance company accepted
claim of ₹ 800 and cheque is received from the insurance company.
6) Goods costing ₹ 500 given as charity (sales price ₹ 600).
Q.34 Make Accounting equations from following transaction:-
1) Started business with cash ₹ 10,000.
2) Paid rent in advance ₹ 300.
3) Purchased goods for cash ₹ 5,000 and credit ₹ 2,000.
4) Goods sold for cash ₹ 8,000 costing ₹ 4000.
5) Paid salary ₹ 450 and salary outstanding ₹ 100.
6) Brought mobile for personal use ₹ 3,000.
Or
Prepare accounting equation from the following transactions:-
1) Harish commenced business with cash - ₹ 1,50,000.
2) Furniture purchased for cash - ₹ 20,000.
3) Purchased goods from Mahesh on credit - ₹ 25,000.
4) Sold goods (costing ₹ 10000) to Mahesh for cash - ₹ 14,000.
5) Additional capital introduced - ₹ 20,000.
6) Commission received in advance - ₹ 2,000.
_______________&________________
