Q.

1 (A) Select the proper option from the possible options given below and rewrite the complete
statement. (5)

1. The maximum number of members in a private company 50.

2. The principle of indemnity is not applicable to life insurance.
3. For online transaction registration is required.
4. To maintain industrial peace is the responsibilty of business organisations towards employees.
5. F W Taylor is called as the father of scientific management.

Q. 1 (B) Match the correct pairs: (5)

Group A Group B (ans)

Common seal Joint stock company
Bonded Warehouse Located within the ports
B to C Business to Consumers
Mumbai Grahak panchayat NGO working for consumers
Staffing Related with human factor
(Other options in Group B were – located at railway station, business to business, political organisation,
partnership firm, related with financial factor)

Q. 1 ( C) Write only one word or pharse or term which can subsitute the following statements.(5)

1. ‘’one man show’’type of business organisation. Sole trading concern

2. A set of principles of right conduct. Ethics
3. A consumer redressal agency that handles claims upto rupees twenty lakhs. District Forum
4. The principle of management which says ‘unity is strength'. Esprits de Corps(team work)
5. A process where managers instructs, guide and communicate with employees. Directing

Q. 2 Distinguish between the following. (any three) (15)

1. Private company and Public company (same as march 14)

2. Water transport and Air transport (refer chapter 2)
3. District Forum and National Commission(refer chapter 5)
4. Organising and Staffing(refer chapter 7)
5. Hindu family business and sole trading concern (refer chapter 1)

Q. 3 Write short notes on the following: (Any three) (15)

1. Disadvantages of e-business(refer chapter 3)

2. Social responsibilities of business towards the consumers(refer chapter 4)
3. Techniques of scientific management(refer chapter 6)
4. Importance of coordination(refer chapter 7)
5. Functions of an entrepreneur.(refer chapter 8)

Q. 5 Write short answers of the following: (Any two) (10)

1. State the types of Co-operative society. (refer chapter 1)

2. State the steps involved in online transaction. (refer chapter 3)
3. State the ways and means of consumer protection. (refer chapter 5)
 4. State the importance of principles of management(refer chapter 6)

Q. 6 Define sole trading concern. Explain its merit and demerits. (refer chapter 1) (10

OR

Q. 6 Define Bank. Explain different types of banks. (refer chapter 2)