(English Medium)
Academic Year: 2024-2025
Date: एप्रिल 2025
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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 in reading the question paper.
- The time given at the head of this Paper is the time allowed for writing the answers.
- 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 [ ].
Assertion: The concept of insurable interest is fundamental to all insurance contracts.
Reasoning: It ensures that the insured has a legitimate financial interest in the subject matter insured.
A is true and R is the correct explanation of A.
A is true, but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true.
Chapter: [0.05] Logistics and Insurance
Maya had purchased a washing machine, which stopped working after two weeks. She asked for a replacement, but nothing was done. ‘Which Consumer Right is being violated in this case?
Right to safety
Right to be informed
Right consumer education
Right to seek redressal
Chapter: [0.023] Consumer Protection
Identify the insurance depicted in the picture below.
Marine
Health
Fire
Life
Chapter: [0.05] Logistics and Insurance
A module of ERP which manages the flow of products from manufacturer to consumer and consumer to manufacturer is the ______.
Supply chain module
Customer relationship module
Sales module
Purchase module
Chapter: [0.024] E-commerce
'X’ pays Rs. 60 for one kg of mangoes. The fruit vendor gives him 900 g of mangoes. Identify what has happened.
Consumer protection
Consumer exploitation
Consumer awareness
Consumer rights
Chapter: [0.023] Consumer Protection
Which of the following is NOT considered as a Consumer Right?
Right to freedom of speech
Right to consumer education
Right to be informed
Right to safety
Chapter: [0.023] Consumer Protection
Heavy expenditure on advertisement is classified as ______.
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
Chapter: [0.031] Capital and Revenue Expenditure/Income
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
I and II are true
III and IV are true
II and III are true
III and IV are true
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
The National Pension Scheme seeks to provide old-age security to the citizens.
True
False
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
Which of the following banks regulate the supply of money in the economy?
Commercial banks
Indigenous banks
Central bank
Exchange banks
Chapter: [0.06] Banking
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
A is true and R is the correct explanation for A
A is true but R is not the correct explanation for A
A is true, R is false
A is false, R is true
Chapter: [0.06] Banking
______ is an example of a Sales Promotion technique.
Free samples
Pricing
Marketing
Banking
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Identify the picture.
Bank
Warehouse
Budget
Forecast
Chapter: [0.05] Logistics and Insurance
The RBI settles claims of other commercial banks by a process of book entries. It helps to stabilize the banking system in the economy. Which function of the Central bank is explained here.
Monopoly of note issue
Government’s bank
Clearing house function
Developmental function
Chapter: [0.06] Banking
Imagine you are an accountant of Shah & Company. You have to pass an entry of interest received by the company. What will be the accounting treatment?
Asset side of balance sheet
Liability side of balance sheet
Credit side of trading account
Credit side of profit and loss account
Chapter: [0.032] Final Accounts of Sole Proprietorship
Identify the principle of insurance based on the given information.
- The insured must be benefitted by the existence of the insured object and must suffer a loss by its destruction.
- It is the financial interest of the insured in the subject matter of insurance.
Indemnity
Insurable interest
Utmost good faith
Mitigation of loss
Chapter: [0.05] Logistics and Insurance
State any two differences between Credit Card and Debit Card.
Chapter: [0.06] Banking
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Write any two differences between Advertising and Sales promotion.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Mention two differences between the Central Bank and a Commercial Bank.
Chapter: [0.06] Banking
Write any two differences between:
Capital and Revenue Receipts
Chapter: [0.031] Capital and Revenue Expenditure/Income
An association is formed by persons working in an industry to protect and promote the interests of the workers.
Identify the above and explain any one function that it performs.
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
What is Recruitment?
Chapter: [0.040999999999999995] Recruitment, Selection and Training
State any two expectations of employers from a commercial organisation.
Chapter: [0.01] Stakeholders in Commercial Organisations
Explain in brief the Principle of Subrogation.
Chapter: [0.05] Logistics and Insurance
Modern advertising exerts a corrupting influence on society. Justify the statement giving two points.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Explain in brief Discounting of bills of exchange.
Chapter: [0.035] Sources of Finance
A market is used for trading long-term securities. Identify the market and explain any four functions of the above.
Chapter: [0.035] Sources of Finance
Write a short note on Right to be informed.
Chapter: [0.023] Consumer Protection
Advertisements
Discuss the five objectives of Pricing in detail.
Chapter: [0.021] Marketing and Sales
Write a short note on Debentures.
Chapter: [0.035] Sources of Finance
Write a short note on Health insurance.
Chapter: [0.05] Logistics and Insurance
Mention three demerits of Road transport.
Chapter: [0.05] Logistics and Insurance
Mention any three merits of Road transport.
Chapter: [0.05] Logistics and Insurance
Mr. Mohan took a health insurance policy for Rs. 2 lakhs without disclosing proper facts. After three years, he was admitted in hospital due to acute tuberculosis. During investigation it was found that he had been a chain smoker for the past five years.
- Will he be able to claim health insurance? Why?
- Identify the Principle of insurance.
Chapter: [0.05] Logistics and Insurance
Write a short note on Direct costs.
Chapter: [0.033] Fundamental Concept of Cost
Explain any two modules of Enterprise Resource Planning.
Chapter: [0.024] E-commerce
Write a short note on Internal Recruitment.
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Write a short note on Social Advertising Media.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Differentiate between E-Commerce and Traditional commerce. State any five points.
Chapter: [0.024] E-commerce
Write a short note on Social Security.
Chapter: [0.042] Industrial Relations, Trade Unions and Social Security
Write a short note on EPA.
Chapter: [0.07] Striving for a Better Environment
Prepare a Trading, Profit and Loss account of Mr. ABC for the year ending on 31st March, 2023 and a Balance Sheet as on 31st March, 2023.
| Particulars | Amount (Dr.) Rs. | Amount (Cr.) Rs. |
| Capital | 80,000 | |
| Drawings | 4,000 | |
| Cash at Bank | 4,700 | |
| Purchase | 66,000 | |
| Sales | 1,15,000 | |
| Purchase Returns | 3,000 | |
| Sales Returns | 6,000 | |
| Discount | 1,200 | |
| Carriage Outwards | 1,800 | |
| Salaries | 18,000 | |
| Trade expenses | 3,600 | |
| Opening stock | 15,000 | |
| Bad debts | 1,800 | |
| Rent | 4,500 | |
| Machinery | 1,08,000 | |
| Furniture | 18,000 | |
| Debtors | 12,000 | |
| Creditors | 30,000 | |
| Stationery | 7,500 | |
| Commission received | 900 | |
| Loan | 43,200 | |
| 2,72,100 | 2,72,100 |
Closing stock on 31st March, 2023 was valued at Rs. 78,000.
Chapter: [0.032] Final Accounts of Sole Proprietorship
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CISCE previous year question papers ICSE Class 10 Commercial Studies with solutions 2024 - 2025
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