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Commerce Set 1 2017-2018 ISC (Commerce) Class 12 Question Paper Solution

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Commerce [Set 1]
Marks: 80 CISCE
ISC (Commerce)
ISC (Arts)
ISC (Science)

Academic Year: 2017-2018
Date: March 2018
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  • Answer Question 1 (Compulsory) from Part I and five questions from Part II, choosing two questions from Section A, two questions from Section B and one question from either Section A or Section B.

PART I
[20]1 | Answer briefly each of the questions (i) to (x).
[2]1.i

Answer the question briefly.
Name the two dimensions of the business environment.

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Chapter: [0.01] Business Environment
[2]1.ii

Answer the question briefly.
What is meant by factoring?

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[2]1.iii

Answer the question briefly.
What is a debit card?

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Chapter: [0.023] Banking - Latest Trends
[2]1.iv

Answer the question briefly.
Why is management considered to be discipline?

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Chapter: [0.031] Management
[2]1.v

Answer the question briefly.
Explain any two sources of external recruitment used in today’s world.

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Chapter: [0.035] Functions of Management
[2]1.vi

Answer the question briefly.
Name the four elements of directing, as a function of management.

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Chapter: [0.035] Functions of Management
[2]1.vii

Answer the question briefly.
Distinguish between advertisement and publicity.

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Chapter: [0.042] Marketing Mix
[2]1.viii

Answer the question.
Mention two types of markets, on the basis of the position of buyers and sellers.

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Chapter: [0.040999999999999995] Marketing: Concept and Functions
[2]1.ix

Answer the question briefly.
The producer of Lime Fresh’ tea introduces ‘Buy one Get one’ scheme on all the products of ‘Lime Fresh’. Identify the promotional strategy’ used by the producer. State any one objective that could be met by this strategy.

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Chapter: [0.042] Marketing Mix
[2]1.x

Answer the question.
Expand the following terms :
(a) RTGS
(b) NEFT

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
Part - II
[12]2 |  Answer any five questions
[3]2.i

Answer the question.
Explain any three barriers to communication. 

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Chapter: [0.035] Functions of Management
[4]2.ii

Answer the question.
Explain any four features of the Business Environment.

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Chapter: [0.01] Business Environment
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[5]2.iii

Answer the question.
Discuss the need for the principles of management.

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Chapter: [0.034] Principles of Management
[12]3
[3]3.i

Answer the question.
Discuss three advantages of plowing hack of profit, from the company’s point of view.

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[4]3.ii

Answer the question.
Explain why management is considered to be a science.

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Chapter: [0.032] Nature of Management – Science, Art and Profession
[5]3.iii

Answer the question.
What is labelling? Explain the four advantages of labelling.

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Chapter: [0.042] Marketing Mix
[12]4
[3]4.i

Answer the question.
Give three points of difference between a product and a service. 

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Chapter: [0.042] Marketing Mix
[4]4.ii

Answer the question.
What are the different types of short term financial assistance provided by the commercial banks to business houses?

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[5]4.iii

Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.

Concept: undefined - undefined
Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[12]5
[3]5.i

Answer the question.
Explain the need for consumer protection.

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Chapter: [0.043] Consumer Protection
[4]5.ii

Answer the question.
‘Planning is not a guarantee of success.’ In this context, explain the limitations of Planning. 

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Chapter: [0.035] Functions of Management
[5]5.iii

Explain the following principles of management given by Fayol:

  1. Discipline
  2. Remuneration to employees
  3. Unity of command
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Chapter: [0.034] Principles of Management
[12]6
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[3]6.i

Answer the question.
Explain any three types of training that can be given to an employee.

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Chapter: [0.035] Functions of Management
[4]6.ii

Answer the question.
What is Branding ? Give any three advantages of branding to the marketers.

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Chapter: [0.042] Marketing Mix
[5]6.iii

Answer the question.
Explain the various steps involved in the process of organizing.

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Chapter: [0.035] Functions of Management
[12]7
[3]7.i

Answer the question.
Explain any three disadvantages of borrowing funds from specialized financial institutions.

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[4]7.ii

Answer the question.
Briefly explain any four types of working capital required by a business concern.

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Chapter: [0.021] Capital
[5]7.iii

Answer the question.
Explain Maslow’s theory.

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Chapter: [0.035] Functions of Management
[12]8
[3]8.i

Answer the question.
Discuss the features of good packaging.

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Chapter: [0.042] Marketing Mix
[4]8.ii

Answer the question.
Explain the advantages of equity shares, as a source of finance. 

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Chapter: [0.022000000000000002] Sources of Finance for a Joint Stock Company
[5]8.iii

Explain any four facilitating functions of marketing.

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Chapter: [0.040999999999999995] Marketing: Concept and Functions
[12]9
[4]9.i | Write short notes on the following :

Answer the question.
Meaning and Elements of Product Mix.

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Chapter: [0.042] Marketing Mix
[4]9.ii

Answer the question.
Core banking solutions.

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Chapter: [0.023] Banking - Latest Trends
[4]9.iii

Answer the question.
Coordination, as the essence of management.

Concept: undefined - undefined
Chapter: [0.035] Functions of Management

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