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ARMY PUBLIC SCHOOL KIRKEE
HALF YEARLY EXAMINATION, 2020 - 21
SUBJECT: BUSINESS STUDIES
CLASS: XI M. MARKS:40
DAY, DATE: FRIDAY, 6th NOVEMBER 2020 TIME: 2 Hrs.
NO. OF PAGES: 03
General Instructions
1. Answers to questions carrying 3 marks may be from 50-75 words
2. Answers to questions carrying 4-5 marks may be about 150 words
3. Answers to questions carrying 6 marks may be about 200 words
1)
Explain the following in detail:
(40)
i.
Mehul sent an email to his friend Rahul who resides in US asking for financial help. Mehul shared with him that due to a prolonged illness, his business suffered a lot. As a result, he was not able to repay the bank loan which he had taken for expansion of his business. He also informed him that his warehouse has been confiscated by the bank authorities to settle his claims. Mehul also reminded Rahul of his good times in business when he had helped Rahul financially being the sole recipient of all the business profits.
In context of the above case
a. Identify the related feature and liability of the form of business been described in the above paragraph.
b. Explain in brief, any two merits of this form of business which have not been mentioned in the above paragraph.
(03)
ii.
Sudeep is pursuing a graphic designing course at a Technical Institute at Pune. In one of the classroom discussion on "career options" at the institute, he shares with his classmates that he is a member of a business by birth. Although, he does not have the right to take any decisions regarding the business. His uncle takes all the decisions related to the business.
In the context of the given case:
a. Identify the form of business organisation been described in the above lines.
b. Mention the status enjoyed by Sudeep in this form of business organisation.
c. Explain any three other features of this form of business organisation which are not mentioned in the above lines.
(04)
iii.
The food corporation of India was set up on 14 January 1965 having its first district office at Thanjavur - rice bowl of Tamilnadu - and headquarters at Chennai (the headquarters later shifted to Delhi) under the Food Corporations’ Act 1964.
Whereas, Air India is the flag carrier airline of India headquartered at New Delhi. It is owned by Air India Limited, government owned enterprises, and operates a fleet of Airbus and Boeing aircraft serving 94 domestic and international destinations. Air India is the largest international carrier out of India with an 18.6% market share. Over 60 international destinations are served by Air India across four continents.
Distinguish between the two types of public enterprises been described above. Any five points.
(05)
iv.
Piyush and Pratik have decided to convert the partnership form of business organisation into a Private Limited Company on the advice of their friend Parikh. Parikh advises them on certain documents which need to be attached with the application for registration of the company. He asks them to get a document prepared, which will define the relationship of the company with outsiders. In addition to this, a document containing the rules of
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internal management of the company should also be prepared which will indicate how the objectives of the company are to be achieved. Furthermore, the directors of the proposed company have to give an undertaking to purchase the qualification shares. He asked them to get these three documents prepared and then contact him for further information on the remaining documents.
a. Identify & explain the various document been identified in the above lines.
b. Also, explain the remaining documents which need to be filed with the registrar of the company for registration.
(05)
v.
Infotech Limited is running a website for selling gift items and getting orders from all over the country. Recently, the company got an order of 100 pieces for a particular gift items from a company for its employees. Infotech arrange item and delivered it on time but the company returned the whole lot and said that they ordered some other items and not the one which is delivered. The Infotech had to accept the rejected order back as they were not having a proper record of the item selected by the company.
On the other hand Mrs Sushma runs a shop for selling gift items. Her clients have been very happy and satisfied with her dealings. She provides credit and discount to her regular customers as and when required.
a. Identify the type of business being discussed in the above case.
b. Mark the points of difference in their business dealings.
Answers
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Answer:Business Studies is a broad subject in the Social Sciences, allowing the in-depth study of a range of specialties such as accountancy, finance, organisation, human resources management and marketing.
Explanation:
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