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Organisation of Commerce and Management 2014-2015 HSC Commerce (English Medium) 12th Standard Board Exam Question Paper Solution

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Organisation of Commerce and Management
Marks: 80 Maharashtra State Board
HSC Commerce (English Medium)
HSC Commerce: Marketing and Salesmanship

Academic Year: 2014-2015
Date & Time: 4th March 2015, 11:00 am
Duration: 3h
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[15]1
[5]1.A | Select the proper option from the options given below and rewrite the sentences
[1]1.A.1

Indian Partnership Act was passed in the year...............................

1912

1923

1932

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[1]1.A.2

In India railways are owned and managed by......................................

  1. Private companies
  2. Government
  3. Individuals
Concept: undefined - undefined
Chapter: [0.02] Business Services
[1]1.A.3

Staffing is concerned with.................................

Physical factor

Financial factor

Human factor

Concept: undefined - undefined
Chapter: [0.07] Functions of Management
[1]1.A.4

Businessmen are ______ of the society.

Representatives

Members

Trustees

Concept: undefined - undefined
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[1]1.A.5

National Commission has .............................. members in addition to the Chairman.

  1. 2
  2. 3
  3. 4
Concept: undefined - undefined
Chapter: [0.05] Consumer Protection
[5]1.B | Match the correct pairs
  Group'A'   Group 'B'
a Sole trader 1 Insurable interest
b Life insurance 2 Branch of Social Science
c Business ethics 3 Local market
d Henry Fayol 4 Father of scientific management
e

Planning

5 Principle of indemnity
    6 Father of modern management
    7 Primary function of management
    8 To earn profit
    9 Last function of management
    10 National market
Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[5]1.C | Write a word or phrase or term which can substitute the following statements
[1]1.C.1

Write only ‘one’ word or phrase or term which can substitute the following statement :

A partner who gives only his name to the partnership firm.

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[1]1.C.2

Write the word or phrase or term which can substitute the following:

The term derived from the terms e-mail and e-commerce.

Concept: undefined - undefined
Chapter: [0.03] Emerging Modes of Business [0.05] Emerging Modes of Business
[1]1.C.3

The right of consumer which allows him to express his views.

Concept: undefined - undefined
Chapter: [0.05] Consumer Protection
[1]1.C.4

The principle of management explaining about fair payment to workers.

Concept: undefined - undefined
Chapter: [0.01] Principles of Management [0.06] Principles of Management
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[1]1.C.5

Write only ‘one’ word or phrase or term which can substitute the following statement :

Name the form of electronic currency that exists only in cyberspace.

Concept: undefined - undefined
Chapter: [0.03] Emerging Modes of Business
[15]2 | Distinguish between the following (Any THREE)
[5]2.A

Joint Hindu Family firm and Joint Stock company.

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[5]2.B

Bonded warehouse and Duty paid warehouse.

Concept: undefined - undefined
Chapter: [0.02] Business Services
[5]2.C

Distinguish between the following:

District Forum and State Commission.

Concept: undefined - undefined
Chapter: [0.05] Consumer Protection
[5]2.D

Distinguish Between the following:

Organising and Co-ordinating

Concept: undefined - undefined
Chapter: [0.02] Functions of Management
[5]2.E

Distinguish between the following:

Cooperative society and Partnership firm

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[15]3 | Write short notes on the following (Any THREE)
[5]3.A

Features of sole trading concern.

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[5]3.B

Any ‘five types’ of banks.

Concept: undefined - undefined
Chapter: [0.02] Business Services
[5]3.C

Write short note on the following:

Advantages of e-business.

Concept: undefined - undefined
Chapter: [0.03] Emerging Modes of Business [0.05] Emerging Modes of Business
[5]3.D

Any ‘five cases’ (needs) of social responsibilities of business.

Concept: undefined - undefined
Chapter: [0.04] Social Responsibilities of Business and Business Ethics. [0.06] Social Responsibilities of Business
[5]3.E

Nature of principles of management.

Concept: undefined - undefined
Chapter: [0.01] Principles of Management [0.06] Principles of Management
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[15]4 | State with reasons whether the following statements are True or False (Any THREE)
[5]4.A

In partnership the liability of partners of a firm is unlimited.

 

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
[5]4.B

Cash can be withdrawn from ATM at any time.

Concept: undefined - undefined
Chapter: [0.02] Business Services
[5]4.C

Business organisation is not responsible to control pollution.

Concept: undefined - undefined
Chapter: [0.04] Social Responsibilities of Business and Business Ethics.
[5]4.D

In India Consumer Protection Act is not required.

Concept: undefined - undefined
Chapter: [0.05] Consumer Protection
[5]4.E

Training broadens the vision of entrepreneurs.

Concept: undefined - undefined
Chapter: [0.03] Entrepreneurship Development [0.08] Entrepreneurship Development
[10]5 | Attempt the following (Any TWO)
[5]5.A

State the advantages of Road Transport.

Concept: undefined - undefined
Chapter: [0.02] Business Services
[5]5.B

State the working of a Payment Gateway.

Concept: undefined - undefined
Chapter: [0.03] Emerging Modes of Business [0.05] Emerging Modes of Business
[5]5.C

Write short answer of the following.
State the responsibilities of consumers.

Concept: undefined - undefined
Chapter: [0.05] Consumer Protection
[5]5.D

Write short note on the following.
Any five principles of scientific management.

Concept: undefined - undefined
Chapter: [0.01] Principles of Management [0.06] Principles of Management
[10]6 | Attempt any ONE
[10]6.A

Define 'partnership firm'. Explain its merits and demerits.

Concept: undefined - undefined
Chapter: [0.01] Forms of Business Organizations
OR
[10]6.B

Define 'Planning'.

Concept: undefined - undefined
Chapter: [0.07] Functions of Management

State the Importance of Planning ?

Concept: undefined - undefined
Chapter: [0.07] Functions of Management

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