AHSEC| CLASS 11| BUSINESS STUDIES| SOLVED PAPER - 2024| H.S. 1ST YEAR

 

AHSEC| CLASS 11| BUSINESS STUDIES| SOLVED PAPER - 2024| H.S. 1ST YEAR

2024
BUSINESS STUDIES
(Commerce)
Full Marks: 80
Pass Marks: 24
Tune: 3 hours
The figures in the margin indicate full marks for the questions

 

1. Answer the following questions: 1x8=8

(a) State one feature of Joint Hindu Family Business.

Ans:- Membership is acquired by birth, and no agreement is required to become a member.

(b) What do you mean by E-business?

Ans:- E-business refers to conducting business activities through the Internet, including online buying, selling and managing operations.

(c) Give one example of unethical behavior in business.

Ans:- Misleading advertisements that give false information about a product or service.

(d) When can a private company commence business?

Ans:- A private company can start business after obtaining its certificate of incorporation.

(e) Who is a promoter?

Ans:- A promoter is a person who takes the responsibility of forming a company and bringing it into existence by fulfilling legal and procedural requirements.

(f) Write one feature of cottage industry.

Ans:- Cottage industries are small-scale industries run from homes, often using family labour and simple equipment.

(g) Mention one problem of small business.

Ans:- Limited access to financial resources is a common problem faced by small businesses.

(h) What is the maximum number of members of a public company?

Ans:- There is no maximum limit on the number of members in a public company.

2. What is partnership deed? 2

Ans:- A partnership deed is a legal document that outlines the terms and conditions of a partnership agreement between two or more individuals. It specifies details such as the profit-sharing ratio, roles, responsibilities and obligations of each partner, ensuring clarity and minimising disputes.

3. Write two features of public sector enterprise. 2

Ans:- Two Characteristics of a Public Sector Enterprise:-

(i) Public sector enterprises are owned and operated by the government.

(ii) Their primary objective is to provide essential services and promote social welfare rather than to earn profits.

4. State two responsibilities of business towards consumer. 2

Ans:- Two Responsibilities of Business towards Consumers:-

(i) To provide quality goods and services at reasonable prices.

(ii) To ensure safety by offering products that meet health and safety standards.

5. Mention two merits of equity share. 2

Ans:- Two Characteristics of Equity Shares:-

(i) Equity shares provide voting rights to shareholders, allowing them to participate in the decision-making process.

(ii) They offer the potential for high returns through dividends and capital appreciation over time.

6. State three functions of a retailer. 3

Ans:- Functions of Retailer:-

(i) Providing Assortment: Retailers provide a variety of goods from different manufacturers, allowing customers to choose from a wide range of products at one place.

(ii) Selling goods in bulk: They buy goods in bulk from wholesalers and sell them in small quantities to customers according to their needs.

(iii) Keeping Inventory: Retailers maintain stock so that products are readily available whenever customers need them.

7. Explain any three features of business.3

Ans:- Features of Business:-

(i) Economic Activity: Business involves the production or exchange of goods and services for profit.

(ii) Profit Motive: The primary purpose of business is to earn profit by satisfying consumer needs.

(iii) Risk and Uncertainty: Businesses face risks due to market competition, changing consumer preferences, and economic conditions.

8. State any three natures of service. 3

Ans:- Nature of Services:-

(i) Intangibility: Services cannot be touched or seen; they are experienced (e.g., healthcare, education).

(ii) Inseparability: Services are produced and consumed simultaneously (e.g., a haircut).

(iii) Perishable: Services cannot be stored for future use; they must be consumed immediately (e.g., a hotel stay).

9. What do you mean by outsourcing of service? 3

Ans:- Outsourcing means contracting out specific business processes or services to outside firms. This is done to reduce costs, improve efficiency, or focus on core activities. Examples include IT support, customer service, and logistics management.

10. State three causes of international trade. 3

Ans:- Causes for International Trade:-

(i) Resource Distribution: Different countries have different natural resources, leading to trade for mutual benefit (e.g., oil for machinery).

(ii) Cost Advantage: Nations specialize in producing goods where they have a cost advantage, thereby promoting trade (e.g., textiles from India).

(iii) Market Expansion: Businesses engage in international trade to access larger markets and increase sales.

11. "Profit is not the main objective of a business." Explain. 5


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