BUISINESS

STUDIES

PREFACE

The home assignment , being given to the students , aims at strengthening the concepts of each student through reinforcement of topics covered in class lectures by practicing the questions given in the assignment. Some sample papers in each subject have been given. The maximum benefit can be gained only if the student goes through all the topics of fragment 1 thoroughly before attempting the sample paper. The assignment will not only act as a reinforcement tool but will also help the students acquire the tendency of solving the entire paper in one sitting, just like he/she sits in an examination for three hours. Hence, improving student’s time management skill in examination. This assignment will also fetch the student 5 marks in practical. The solutions of all the question papers given in the home assignment have to be written on separate A-4 sheets. For all the subjects , the assignments have to be submitted in different folders respectively. Last date to submit the assignment for each subject 5

th July ’19.

- PRINCIPAL

ASSIGNMENT 1 : 2019-2020 BUISNESS STUDIES : XI MARKS: 80

GENERAL INSTRUCTIONS:

• Answers to questions( 1 to 20) carrying1 mark may be from one word to one sentence.

• Answers to questions(21 to 25) carrying 3 marks may be from 50 to 75 words.

• Answers to questions (26 to 28)carrying 4 marks may be about 150 words.

• Answer toquestions(29 to 31) carrying 5 marks may be about 150words.

• Answer to questions(32 to 34) carrying 6 marks may be about 200words.

• Attempt all parts of a question together.

Q. 1. Earthquake comes under which type of risk?

Q. 2. Name the service which provides knowledge about new products to customers.

Q. 3. Name the economic activity in which specialised knowledge is required.

Q. 4. Name the industry which provides support services to other industries.

Q. 5. Define business risk.

Q. 6. Tina produces goods not for the purpose of sale but for personal consumption. Will it be a

business activity? Why?

Q. 7. ABC Limited is planting trees on the roadside. Which objective it is trying to achieve?

Q. 8 Which type of industry are poultry farms and dealing with sapling plants?

Q. 9 How do traders remove hindrance of persons?

Q.10 Who becomes Karta in joint Hindu family business?

Q.11 Name the partnership firm which is formed to carry on a special task or project.

Q. 12 Name the basic document prepared in partnership firm.

Q.13. Name the form of business enterprise where there is separation of ownership and

management.

Q. 14 Name the smallest unit in which the capital of a company is divided.

Q. 15 Which form of business gives all the rights even to the minor member?

Q. 16 When does a company come into existence?

Q. 17 Name the organisation formed by passing a special act in the parliament.

Q. 18 State any two disadvantages of departmental undertaking.

Q.19 Give any two examples of government company.

Q. 20 Where national security is concerned, which form of public enterprise is most suitable?

Q.21 Why is business considered as an economic activity?

Q. 22 "One man control is the best in the world if that man is big enough to manage

everything."Explain the statement giving any three reasons.

OR

Discuss any three advantages of partnership firm.

Q. 23 In which form of organisation is a trade agreement made by one owner binding on the

others ?Give reasons to support your answer.

Q. 24 Explain employment and profession.

Q. 25 Discuss any three disadvantages of government company.

Q. 26 State any four privileges of a private company over public company.

OR

Define a public limited company.

Q. 27 Explain the role of profit in a newly set up business organisation.

Q. 28 Discuss any four features of joint venture.

Q. 29 Why is the registration of partnership firm desirable?

Q. 30 Explain the nature and type of business risk.

OR

Explain the various auxiliaries to trade.

Q. 31 Write a note on secondary industry.

OR

Explain the social objectives of business.

Q. 32 Explain the various steps involved in the promotion stage.

Q. 33 Explain any six features of multinational company.

OR

Discuss any three merits and demerits of public corporation.

Q. 34 Explain any six features of joint stock company.

OR

Explain the following terms :

(a) perpetual succession (b) common seal

(c) separate legal entity (d) artificial person

ASSIGNMENT 2 : 2019-2020 BUISNESS STUDIES : XI MARKS: 80

General Instrucation:

1. Answers to question carrying 1 mark may be from on word to one sentence.

2. Answers to questions carrying 3 marks may be from 50-75words.

3. Answers to questions carrying 4-5 marks may be about 150words.

4. Answerstoquestioncarrying6marks may be about 200 words.

5. Try to draw diagram & Write an example wherever possible.

Q.1. Which type of economic activity does not require any Capital Investment. 1 Q.2. Name the trade where goods are bought from foreign countries. 1 Q.3. Name the Auxiliary to trade which removes the hindrance of information. 1 Q.4. Mention to natural causes of business risk. 1 Q.5. Which form of organization is owned and controlled by a single owner? 1 Q.6. Mention two merits of Sole Proprietorship. 1 Q.7. Mention any two businesses in which sole proprietorship would be suitable. 1 Q.8. Which Act governs Hindu Undivided Family Business? 1 Q.9. Whose decisions are binding on all the members of the Hindu Undivided Family Business. 1 Q.10. In which form of business organization, every member acts both as an agent and as a principal. 1 Q.11. Name the type of partner whose association with the firm is unknown to general public. 1 Q.12. Which form of business organization has voluntary membership and is created for welfare of its members? 1 Q.13. Which type of cooperative society set up to protect interest of small producers. 1 Q.14. Who elects the Board of Directors in the Joint Stock Company. 1 Q.15. Which document defines the objectives of company? 1 Q.16. Which form of Public Sector Enterprise is most suitable when national security is concerned. 1 Q.17. Which type of Public Enterprise is established under a Special Act of the Parliament? 1 Q.18. In which form of Public Sector Enterprise, at least 51 % of the capital is contributed by the State or the Central Government? 1 Q.19. State two limitations of Departmental Undertaking. 1

Q.20. Give two examples of Professionals . 1 Q.21. Despite limitations of size and resources, many people continue to prefer Sole Proprietorship other forms of Organization? Why? 3 Q.22. Name the stages in the formation of company? 3 Q.23. What are various types of industries? 3 Q24. What is the role of profit in Business? 3 Q.25. Distinguish between statutory corporation and government company? 3

OR Distinguish between departmental undertaking and government company? 3 Q.26. How would you Classify Business activities? 4

OR What are the various objective of business? Q.27. What do you understand by ‘Departmental Undertaking’? Discuss its merits and limitation? 4 Q.28. Mysha took advanced fashion designing course at Peari Academy to become a fashion designer. After completion of the course, she got a job at Trendz Fashion. She used her expertise to design modern outfits, which became famous overnight. Identify the type of economic activity that Mysha is engaged in. Difference between Business, Profession, Employment. 4 Q.29. What do you mean by Global Enterprises? Briefly discuss its various characteristics. 5

OR Give two examples of MNCs. State two merits and demerits of MNCs. Q.30. Tushar runs a well known fashion store (dealing in women wear) in Mumbai. He procures garments from different fashion designers and sells them to dealers all over the country. He also owns a godown to hold the surplus stock. Due to sudden increase in demand and to maintain stock for peak period, Tushar took a loan of Rs.10,00,000 from Kotak Bank. He has also taken an insurance policy worth Rs.2 Crores for his business. Identify the ‘Auxiliaries of Trade’ being used by Tushar in his business by quoting lines from the given case. 5 Q.31. ‘A single transaction of sale does not constitute business.’ Which Characteristic of business is highlighted in this statement? Explain four other Characteristic also. 5

OR What is Partnership Deed. Explain types of Partners. Q.32. Discuss the various benefits of Joint Venture. 6 Q.33. Discuss the various factors, which should be kept in mind while choosing an appropriate organization. 6

OR “Although company is an artificial person, it can still own property and enter into contracts”. Defend or Refute. Q.34. Distinguish between Memorandum of Association and Articles of Association. 6

OR Explain the steps of Incorporation of Company.

ASSIGNMENT 3 : 2019-2020 BUISNESS STUDIES : XI MARKS: 80

GENERAL INSTRUCTIONS-

1. All questions are compulsory.

2. Answer to questions carrying 1 mark may be from one word to one sentence.

3. Answer to questions carrying 3 marks may be from 50-75 words.

4. Answer to questions carrying 4-5 marks may be about 150 words.

5. Answer to questions carrying 6 marks may be about 200 words.

SECTION A

Q1. Reema bought a new house recently. She plans to shift there in near future. Therefore, she is selling off her old kitchen appliances at OLX and has also made some profit in the process. In context of the above case: Will this transaction be constituted as a business activity? Why or why not? 1

Q2. What is business risk? 1

Q.3 Explain the concept of business. 1 Q.4 Which type of business enterprise would emerge when two business firms agree to join

together to achieve a common purpose and mutual benefit? 1 Q.5 The liability of a shareholder is limited.Explain 1 Q.6 What do you mean by Genetic industry? 1 Q.7 Name the document ,which is used o resolve the conflict among the partners. 1 Q.8 Name the partner who does not have interest in the partnership but lends his name to the

firm. 1 Q.9. Explain the meaning of co- parcener. 1 Q.10. Differentiate between active partner and sleeping partner on any one basis. 1 Q.11. It is a public sector enterprise in which Government holds at least 51% shares . Name the

company. 1 Q.12. Name the form of business organisation in which members are agents and principal of each

other. 1 Q.13. Which form of organisation is suitable for a barber shop in a local community centre ? 1 Q.14. What is meant by auxiliaries to trade ? 1 Q.15. How are the affairs of a company managed ? 1 Q.16. Enumerate any two social business objectives . 1 Q.17. Name two broad categories into which various business activities can be classified. 1

Q.18. Name the business activity which is involved in movement of goods from one place to another. 1

Q.19.Name the document which defines the scope of operations of a company. 1 Q.20. Which type of company is required to issue a prospectus. 1

SECTION B

Q21. What are the different kinds of organisations that come under the public sector and explain them briefly? 3 Q.22. Define Company. And explain any two features of it. 3

OR Define Partnership .And explain any two features of it. Q23. Harsh is a well known orthopaedic doctor in Agra. He runs his private clinic under the name

joint and bone clinic. 3 In context of the above case:

a) Identify the type of economic activity that Harsh is engaged in.

b) State any two features of the type of economic activity identified in part(a) of the question.

Q.24 Karta is the most active member in Joint Hindu Family Business. Explain. 3 Q.25. Why global enterprises are considered superior to other business organisations? 3

SECTION C

Q26. What are co-operative societies? Explain any three co-operative societies. OR

What do you understand by a sole proprietorship and state any three merits of it. 4 Q.27. ‘Registration of a partnership firm is not compulsory but beneficial.’ Do you agree ? Give

reasons. 4 Q.28. Name the type of business enterprises which operates in more than one country. And

explain any three advantages of it. 4

SECTION D

Q.29 Name the form of organisation which is most suitable for projects related to national security.State any two merits and two demerits of it. 5

Q30. Profit is no more the only leading objective for a business organisation. Discuss various

objectives a business enterprises aims to achieve. 5 OR

Differentiate between Business and Employment on any five basis. Q.31 Can a minor be admitted as a partner in a firm Explain the status of minor in a partnership

firm. OR

Differentiate between partnership at will and particular partnership. 5

SECTION E

Q.32 State any six previleges enjoyed by the private company over the public company. 6 Q.33. Discuss the salient features of a partnership firm. Explain the advantages and

disadvantages of this form of organisation. OR

Discuss the reasons for the superiority of joint stock company over partnership firm. 6 Q.34. What is Memorandum of Association? And briefly explain its clauses. 6 OR A promoter is like a parent to a Joint stock company. Explain in detail the role of a promoter

and his legal status in the formation of a company.

*****************