(English Medium)
Academic Year: 2023-2024
Date & Time: 27th March 2024, 11:00 am
Duration: 2h
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- Answers to this Paper must be written on the paper provided separately.
- You will not be allowed to write during the first 15 minutes.
- This time is to be spent reading the question paper.
- The time given at the head of this Paper is the time allowed for writing the answers.
- This Paper is divided into two Sections.
- Attempt all questions from Section A and any four questions from Section B.
- The intended marks for questions or parts of questions are given in brackets [ ].
Expenses incurred for construction of a building are classified as ______.
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
Chapter: [0.031] Capital and Revenue Expenditure/Income
Which warehouses are generally located in rural and suburban areas where space is available at low cost?
Public
Bonded
Cold Storage
Private
Chapter: [0.05] Logistics and Insurance
The module used for tracking of the stock of items in an organisation is ______.
Inventory module
Purchase module
Sales module
Finance module
Chapter: [0.024] E-commerce
Closing stock appears in the Final Accounts in the ______.
Trading account only
Profit and Loss account and Balance Sheet
Balance Sheet only
Trading account and Balance Sheet
Chapter: [0.032] Final Accounts of Sole Proprietorship
These posters are examples of:
Sales promotion
Marketing
Selling
Social advertising
Chapter: [0.022000000000000002] Advertising and Sales Promotion
A social security scheme in which both employer and employee contribute 10% of the basic wages every month is ______.
Gratuity
Pension
Provident Fund
Group Insurance
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
Which of these is an objective of Pricing?
Profit maximization
Human Resource Management
Checking inventory
Fairs and exhibitions
Chapter: [0.021] Marketing and Sales
Ramu is a labourer working in 'ABC Constructions'. His expectations from his company are:
- Appreciation of Capital invested.
- Timely payment of wages.
- Timely payment of interest.
- Safe working environment.
1 and 4
2 and 3
3 and 4
2 and 4
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Rahim has given a loan of ₹ 5 lakhs to a fertilizer company. The company pays him interest regularly and the company has promised to return his amount after 5 years. Rahim has invested in ______.
Equity shares
Preference shares
Debentures
Ownership securities
Chapter: [0.035] Sources of Finance
A budget is a statement that can be expressed:
in monetary units only
both in monetary terms and physical units
in physical units only
as an estimate of events only
Chapter: [0.034] Budgeting
Which sales promotion technique includes training in stores layout, product demonstration, advertising, etc.?
Fairs and Exhibitions
Prize Contests
Merchandising Aids
Trading Stamps
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Under which right will Mr. Mohit get a compensation for a faulty product?
Right to seek redressal
Right to information
Right to consumer education
Right to choose
Chapter: [0.023] Consumer Protection
Faking accidents, faking death, concealing information for health care are examples of ______ fraud.
Insurance
False Accounting
Credit Card
Internet and Cyber
Chapter: [0.06] Banking
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
Pension
Group insurance
Gratuity
Provident fund
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
Mr. 'P' has been selected for a mission to go to the moon. Before be goes into space he is trained to survive in 'Zero Gravity' Identity the training used.
Job rotation
Apprenticeship
Classroom
Vestibule
Chapter: [0.040999999999999995] Recruitment, Selection and Training
A firm manufactures defense equipment. In order to ensure that only authorized personnel enter the secured area they install a high-tech retina scanner:
What does the above portray?
E-advertising
E-security
E-commerce
E-marketing
Chapter: [0.024] E-commerce
Advertisements
Write any two differences between Marketing and Sales.
Chapter: [0.021] Marketing and Sales
Write any two differences between Internal stakeholders and External stakeholders.
Chapter: [0.01] Stakeholders in Commercial Organisations
Write any two differences between Shares and Debentures.
Chapter: [0.035] Sources of Finance
Write any two differences between Recruitment and Selection.
Chapter: [0.040999999999999995] Recruitment, Selection and Training
What are Preference Shares?
Chapter: [0.035] Sources of Finance
What is Cash Credit?
Chapter: [0.035] Sources of Finance
What is Fire Insurance?
Chapter: [0.05] Logistics and Insurance
What is a Capital Market?
Chapter: [0.035] Sources of Finance
What is Variable cost?
Chapter: [0.033] Fundamental Concept of Cost
Give one example of Variable cost.
Chapter: [0.033] Fundamental Concept of Cost
What are Campus Interviews?
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Explain in brief any five objectives of Marketing.
Chapter: [0.021] Marketing and Sales
Advertisements
Write short note on Life insurance.
Chapter: [0.05] Logistics and Insurance
What are Industrial Relations?
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
State any three objectives of Industrial Relations.
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
Write short note on Central Pollution Control Board (CPCB)
Chapter: [0.07] Striving for a Better Environment
Write short note on Equity shares.
Chapter: [0.035] Sources of Finance
Explain in brief two merits of Water transport.
Chapter: [0.05] Logistics and Insurance
Explain in brief three demerits of Water transport.
Chapter: [0.05] Logistics and Insurance
'Rita' was using a plastic card to withdraw money from a machine set up outside the bank.
- Identify the card.
- Write any four precautions that must be taken while using such a card.
Chapter: [0.06] Banking
What is an Advertising Agency?
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Explain any two functions of Advertising agency.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
State any two expectations of the Government from a business concern.
Chapter: [0.01] Stakeholders in Commercial Organisations
What is Consumer Exploitation?
Chapter: [0.023] Consumer Protection
Mention any three ways in which consumers are exploited.
Chapter: [0.023] Consumer Protection
Explain in brief two merits of Advertising.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
State any two demerits of advertising.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Given below is the Trial Balance of M/s. Krishna & Sons Pvt. Ltd. as on 31st March, 2023. Prepare a Trading and Profit and Loss account for the year ending 31st March, 2023 and a Balance Sheet as on the same date.
Trial Balance of M/s. Krishna & Sons Pvt Ltd. as on 31st March 2023.
| Particulars | Dr. | Cr. |
| Capital | - | 50,000 |
| Drawings | 1,000 | - |
| Debtors and Creditors | 25,000 | 15,000 |
| Loan | - | 20,000 |
| Discounts | 4,750 | 300 |
| Purchases and Sales | 90,000 | 1,72,000 |
| Land and Buildings | 88,000 | - |
| Salaries | 33,000 | - |
| Cash in hand | 2,700 | - |
| Stock as on 01-04-2022 | 28,000 | - |
| Commission Received | - | 18,550 |
| Sales Return and Purchase Return | 750 | 550 |
| Carriage inward | 1,200 | - |
| Bills receivable and Bills payable | 7,500 | 5,500 |
| Total | 2,81,900 | 2,81,900 |
Closing Stock was valued at ₹ 25,000
Chapter: [0.032] Final Accounts of Sole Proprietorship
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