BUSINESS STUDIES								
						PRACTICE-PAPER-1								
	TIME-3hr                                 CLASS-  X1                               MM- 90
1) "Business is undertaken with the object of earning money' Which characteristic of business is highlighted in this 
    statement.														(1) 
2)  What is the liabity of members of joint Hindu Family Business.							(1)
3)  Who defines the power & functions, role & regulations for a statutory corporation.					(1)
4)  When should insurable interest be present in fire insurance.							(1)
5)  What do you mean by GDRs.												(1)
6)  Name the institution whice provides an integrated administrative framework for small scale industries at distric
    level.														(1)
7)  What do you mean by 'customs drawback.										(1)
8)  Enumerate any two market information provideed by the wholesalers to the manufacturers.				(1)
9)  How will you judge whether a particular activity is an economic or non-economic activity? Classify the following 
    activities into economic and non-economic activities.
 (i)  A housewife cooking food for her family.
 (ii) A person selling cold water on the pavement.
 (iii)A young boy playing cycle-rickshaw in the city.
 (iv) An old man offering prayers in a temple.
10)  What do you understand by statutory corporation? give any two example of statutory corporation in India.             (3)
11)  Aditya gets his house insured against fire of Rs.10 lakh with insurer A and for Rs. 5 lakh with insurer B. A loss
     of Rs.3 lakh occured. How much compensation can be claim from A and B? Why?                                          (3)
12)  Write a short note on Knowledge Process Outsourcing (KOP)                                                            (3)
13)  What three measures has government taken to solve the problem of finance and marketing in the small-scale sector.    (3)
14)  Explain the procedure for carrying on mail order business.                                                           (3)
15)  An enterpreneur wants to start his business in backward area because govt. gives many incentives & rebate in taxes,
     which results in low cost and he will be able to sell the product at low prices. There he will be able to get large
     area by deforestation.
 (a) Which values are being affected here?
 (b) Differentiate Business from employment.                                                                              (4)
16)  What motivates a host to country to give entry to multinational companies? give four reasons                         (4)
17)  What do you mean by:
      (a) B2B commerce                   (b) B2C commerce
      (c) Intra-B commerce               (d) C2C commerce                                                                 (4)
18)  Explain the following:
      (i)   Indian Depository Reciepts
      (ii)  Inter Corporate Deposites                  									  (4)
19   Discuss the procedure related to excise clearance of goods.  							  (4)
20)   Name the following:
  (i)   A person who lends his name and goodwill for the benefits of a partenership firm.
 (ii)  A person who contributes capital but does not take part in the business of the firm.
 (iii) A document containing terms and conditions of partnership.
 (iv)  A partnership set up for a specific project.
 (v)   A person who contribute capital, participate in the business but whose identity is not disclosed to outsider.      (5) 
21)   What is business ethics? Explain the various of business ethics. 
           						OR
      What do you mean by principle derived from social values which guide and govern the conduct of businessman?
      Explain the factor governing these principles and values.                                                          (5)
22    You are the finance manager of Indian Motor Ltd. a car manufacturing company.You have decide to raise long-
      term finance from a financial institution.Explain any four reasons to support our choice of sources of finance.    (5)
23)   A large-sized company manufacturing shoes for Indian market has to determine whether it should use wholesaller
      set up or its own chain shoes for distributing its products.What alternative would you suggest? Give reason in 
      support of your answer.												 (5)
24)  State any three merits and three limitations of cooperative society form of business organisation.                  (6)
25)  Write a detail note on various facilities offerred by Indian Postal Department.					 (6)
26)  The directors of Sheetal Ltd.have decided to expand the business activities by increasing the stock of raw mater-
    -ial and finished goods at an estimated cost of Rs.50 lakh. As finance manager of the company,advise the directors
     about the various methods open to the company to raise necessary finance for this purpose.                         (6)
27)  What is the fundamental reason for international business.                              				(6) 
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