BUSINESS STUDIES
                                                PRACTICE PAPER-3
     TIME-3hr                                       CLASS-X1                                    MM-90
1)   Chhavi cooks food at home for her family but shelly cooks and sell it to others in a restaurant.Who is engaged in
     business activity?                     											(1)
2)   Name the form of business organisation in which the members are jointly and indivisually liable for the payment of
     the firm's debts.                      											(1)
3)   What is that enterprise called in which a project or service is financed and operated through a partnership of 
     government and private enterprises?									                (1) 
4)   Priinciple of indeminity is not applicable to which insurance?                                       		        (1)
5)   What are Indian Depository Receipts (IDRs)                                                            			(1)
6)   What is the role of national small Industries Corporation for the growth of small business unit in India?    		(1)
7)   Mention any two major documents related to payment in foreign trade.               					(1)
8)   Name the retailer who do not have a fixed place for business.                      					(1)
9)   Define service. Name the service which is related to the following cases:
         (i)   The service which helps in removing hindrance of knowledge.
        (ii)  The service which help in removing hinderance of place.
        (iii) The service which help in  removing hinderance of time.                          				        (3)
10)  What do you understand by departmental understanding? Give any two merits of departmental understanding in India.          (3)
11)  Ashish took a marine policy to cover the goods exported by him. Under the policy goods have been insured against 
     damage likely to be caused by sea water.During the voyage a hole was caused in the bottem of the ship.Through the hole 
     water entered into the ship which damaged the goods insured.Can Ashish claim compensation for the loss.                    (3)
12)  State any three differences between e-bussiness and traditional business.							(3)
13)  State the role of small business in rural India by giving any four points.         					(3)
14)  Explain briefly any three documents used in internal Trade.   								(3)
15)  X,Y and Z are partners of a business of manufacturing shoes. The profit at the end of March31,2015 was Rs.7,20,000.
     Before distributing profit they donated 10% of profit to a 'Non-Govt. organisation' as charity for welfare of 
     educationally backward section of the society.They also decide to allow a discount of 30% on shoes for school going 
     children. 
         a) Identity the values involved by the partnership firm of X,Y and Z.
         b) What is partnership.
         c)Identify one characturistic of partnership.                                        					(4)
16)  Give any four features of Public Private Partnership.									(4)
17)  Elaborate the steps/stages involved in online transactions/trading.							(4)
18)  Name the sources of finance which is available in the normal coarse of purchase of goods.					(4)
19)  Who are C&F agents? Why should an importer appoint C&F agent for customs clearance?					(4)
20)  Name the following:
          (a) The person who promote a business.
          (b)The documents containing the rules ,regulations and bye-laws of a company.						(5)
21)  "There is a strong case for the business to fulfil its social obligations."Give four reasons in support of your answer     
                                   OR
     Discuss why a business should assumee social responsibilities.Give any four reason                                         (5)
22)  "Public deposites as a source of finance is better than raising loans." Comments.						(5)
23)  "Wholesaler are unnecessary part in the chain between manufacturers and consumers.They are parasites of the society."
     Comments.															(5)
24)  Explain any three marits and three limitations of a Joint Hindu Family Business.						(6)
25)  Explain briefly the different types of bank accounts.									(6)
26)  As a source of finance retained profit is better than other sources. Do you agree with this view? Give reasons for
     your answer.Can a company grow indefinitely by reinvesting sulplus profits?						(6)
27)  Rekha Garments has recieved an order to export 2000 men's trousers to Swift Import Ltd. located in Australia.Discuss
     the procedure that Rekha Garments would need to go through the executing the export order.                                 (6)