(English Medium)
Academic Year: 2022-2023
Date & Time: 3rd March 2023, 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 [ ].
Heavy expenditure on advertisement is classified as ______.
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
Chapter: [0.031] Capital and Revenue Expenditure/Income
______ expect the business organization to follow the laws and regulations of the country.
Suppliers
Government
Associates
Owners
Chapter: [0.01] Stakeholders in Commercial Organisations
Adulteration means cheating a consumer by ______.
Giving less quantity of a product
Charging unreasonably high prices
Mixing of harmful substances in the product
Keeping away information from the consumers
Chapter: [0.023] Consumer Protection
______ is an example of Capital Expenditure.
Land and building
Rent
Repairs and maintenance
Interest on loan
Chapter:
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.
Purchase Budget
Sales Budget
Cash Budget
Production Budget
Chapter: [0.034] Budgeting
______ is the process of carefully screening the candidates to choose the most suitable persons for the job.
Recruitment
Selection
Training
Development
Chapter: [0.040999999999999995] Recruitment, Selection and Training
The fastest mode of transport for light weight goods of high value is ______.
Airways
Railways
Waterways
Roadways
Chapter:
Commercial transactions in which an order is placed electronically is ______.
NEFT
E-Commerce
RTGS
Retailing
Chapter: [0.024] E-commerce
Internal stakeholders do NOT consist of ______.
Suppliers
Employers
Employees
Shareholders
Chapter: [0.01] Stakeholders in Commercial Organisations
The consumer's right to be protected against the marketing of goods which are hazardous to life and property is ______.
Right to safety
Right to seek redressal
Right to be heard
Right to be informed
Chapter: [0.023] Consumer Protection
Rent received by a business firm is an example of ______.
Revenue receipt
Capital receipt
Capital expenditure
Deferred revenue expenditure
Chapter:
Any tangible material offered for sale and which can be replaced is a ______.
Price wars
Product
Service
Sales
Chapter: [0.021] Marketing and Sales
Two popular mobile wallets are ______.
Swiggy and Zomato
Instagram and Snapchat
Google Pay and Paytm
RTGS and NEFT
Chapter: [0.06] Banking
The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of ______.
Indemnity
Utmost good faith
Subrogation
Causa Proxima
Chapter: [0.05] Logistics and Insurance
The Chief of the Reserve Bank of India is called ______.
The Governor
The Chairman
The Finance Secretary
The President
Chapter:
Warehouses licensed by the government and established specifically for storage of dutiable goods are called ______.
Private warehouses
Bonded warehouses
Public warehouses
Cold storages
Chapter: [0.05] Logistics and Insurance
Advertisements
Write any two differences between:
Central Bank and Commercial Bank
Chapter:
Write any two differences between Advertising and Sales promotion.
Chapter: [0.022000000000000002] Advertising and Sales Promotion
Write any two differences between:
Capital and Revenue Receipts
Chapter: [0.031] Capital and Revenue Expenditure/Income
State any two differences between Credit Card and Debit Card.
Chapter: [0.06] Banking
What is 'Social Advertising Media'?
Chapter: [0.022000000000000002] Advertising and Sales Promotion
What is Recruitment?
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Mention any two expectations of Employees.
Chapter: [0.01] Stakeholders in Commercial Organisations
What is an overdraft?
Chapter: [0.035] Sources of Finance
What is Health Insurance?
Chapter: [0.05] Logistics and Insurance
Mention three demerits of Road transport.
Chapter: [0.05] Logistics and Insurance
Write a short note on Debentures.
Chapter: [0.035] Sources of Finance
Advertisements
Write a short note on False Accounting Fraud.
Chapter: [0.06] Banking
Describe any two functions of the Central Bank.
Chapter:
Explain the following Consumer Right:
Right to be Informed
Chapter: [0.023] Consumer Protection
Explain the following Consumer Right:
Right to Seek Redressal
Chapter: [0.023] Consumer Protection
Explain any two modules of Enterprise Resource Planning.
Chapter: [0.024] E-commerce
Explain any five importance of Warehousing.
Chapter: [0.05] Logistics and Insurance
Explain the two methods of Training. Give an example for each.
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Mention five points of distinction between a Product and a Service.
Chapter: [0.021] Marketing and Sales
Write any two internal sources of recruitment.
Chapter: [0.040999999999999995] Recruitment, Selection and Training
Write a short note on Direct costs.
Chapter: [0.033] Fundamental Concept of Cost
Prepare a Trading, Profit and Loss Account of XYZ, for the year 31st March, 2022 and a Balance Sheet as on 31st March, 2022.
| Particulars | Amount ₹ (Dr.) | Amount ₹ (Cr.) |
| Capital | 1,00,000 | |
| Furniture | 20,000 | |
| Purchases | 1,50,000 | |
| Debtors | 2,00,000 | |
| Interest Received | 4,000 | |
| Salaries | 30,000 | |
| Sales | 3,21,000 | |
| Purchase Returns | 5,000 | |
| Wages | 20,000 | |
| Rent | 15,000 | |
| Sales Return | 10,000 | |
| Carriage outwards | 7,000 | |
| Creditors | 1,26,000 | |
| Printing and Stationery | 8,000 | |
| Insurance | 12,000 | |
| Opening Stock | 50,000 | |
| Office Expenses | 12,000 | |
| Bank Overdraft | 2,000 | |
| Drawing | 24,000 | |
| Total | 5,58,000 | 5,58,000 |
Closing Stock was valued at ₹ 60,000 on 31st March, 2022.
Chapter:
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