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Class XI
Subject Business Studies
Date 8th February 2013
Maximum Marks : 90
Time : 3 hrs
General Instructions:
(i) Answers to questions carrying 1 mark may be from one word to one sentence
(ii) Answers to questions carrying 3 marks may be from 50-75 words.
(iii) Answers to questions carrying 4-5 marks may be about 150 words.
(iv) Answers to questions carrying 6 marks may be about 200 words.
(v)Attempt all parts of a question together and in sequence.
Section A ( 1 mark each)
1.Name the economic activity where specialized knowledge is used.
2. Under which cause the risk due to earthquake is covered?
3.What is unlimited liability?
4. Name the document which invites subscription of shares from public?
5.What minimum percentage of shares government should own in a company to be called a government company?
6.To which insurance policy the principle of subrogation does not apply?
7.What is sweat shopping?
8. Why is cost of production in small business very low?
9. Why are the chances of dead stock reduced in case of chain stores?
Section B ( 3 marks each )
10. Explain the classification of sources of funds on the basis of period.
11. Explain three steps taken by business enterprises for environmental protection.
12. Explain three arguments for social responsibility .
13.Explain the benefits of joint venture enterprises.
14.Differentiate between Life , Fire and Marine insurance on the basis of subject matter, insurable
interest and duration.
Section C ( 4 marks each)
15. Diferentiate between partnership firm and company on the basis of regulating act, legal entity , liability and
number of members.
22.Define a wholesaler and a retailer. Now explain two functions each of wholesaler to retailer and of
retailer to consumer.