Class 11 Sample Paper Business Studies (Half Yearly)

SAMPLE
PAPER
Half Yearly Examination

Prepared For
NCERT BASED SYLLABUS
Applicable For
CBSE BOARD AND STATE BOARD USING NCERT

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HALF YEARLY EXAMINATION
SAMPLE QUESTION PAPER
Class - XI Subject – Business Studies
Time – 3 Hour Maximum Marks- 80

General Instructions:
1. This question paper contains 34 questions.
2. Marks are indicated against each question.
3. Answer should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 words.
5. Answers to questions carrying 4 marks may be about 150 words.
6. Answers to the questions carrying 6 marks may be about 200 words.
7. Attempt all parts of the question together.

1. Identify the programme that was launched by the Government of India on 25 th September
2014 to encourage companies to manufacture their products in India and incentivize with
dedicated investments into manufacturing.
(a) Skill India
(b) Digital India
(c) Make in India
(d) None of these [1]

2. Tanmay has introduced a new method of packaging which is more user friendly. The
objective of business being described in the above lines is _____
(a) Productivity
(b) Social Responsibility
(c) Innovation
(d) None of the above [1]
3. Lack of knowledge relating to the future conditions that the business is going to face in
future is known as _____ (Fill in the blank) [1]

4. ______ activities are undertaken to satisfy social and psychological needs.
(Fill in the blank) [1]
5. Transportation removes the hindrance of time. (State True/False) [1]

6. Identify the related feature of a company that specifies,” its Assets and Liabilities are
separate from those of its owners.”
(a) Artificial Person
(b) Separate legal entity

(c) Perpetual Succession
(d) Common Seal [1]

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7. A _____can immediately start its operations on receiving the Certificate of Incorporation.
(a) Private Ltd. Company
(b) Public Ltd. Company
(c) Joint Hindu Family Business
(d) None of these [1]
8. Government Company is completely owned, managed and controlled by a Government
Ministry. (State True/False) [1]

9. Name the two important documents to be prepared by a proposed Government company
that needs to be registered like any other public limited company under Companies Act,
2013. [1]
10. Which of the following Public Sector enterprises do not enjoy a Separate Legal Entity?
(a) Departmental Undertaking
(b) Statutory Corporation
(c) Government Company
(d) None of the above [1]

11. The liability of shareholders of a government company is ____
(Fill in the blank) [1]
12. The Government of India has opted for a _____ economy where both private and
government enterprises are allowed operate. (Fill in the Blank) [1]

13. Arya owns a business of manufacturing hospital disposables. He has taken a group life
insurance policy covering all his staff members. Whenever, a new employee joins the firm
his/her name is added to the list of employees covered in the policy. Likewise, when an
employee leaves his/her name is removed from the list. Identify the principle of insurance
applicable in the above case.
(a) Indemnity
(b) Insurable Interest
(c) Utmost Good Faith
(d) Proximate Cause [1]

14. Ranadheer took an insurance policy for his new car. In an accident his car is totally
damaged. Insurance company settles his claim in time. Identify the party which will have a
right to claim the amount realized through the sale of scrap of the car.
(a) Ranadheer
(b) Insurance company
(c) Both of them
(d) Neither of them [1]
15. The principle of Indemnity is not applicable to _____insurance.
(a) Life
(b) Fire
(c) Marine
(d) None of these [1]
16. ________ is a service provided by banks on nominal commission charges to a customer for

remittance purposes and it guarantees surety of payment.
(Fill in the blank) [1]

17. Name the two types of cheques that can be drawn to make the payments. [1]
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18. Identify the bank account that interlinks the savings account with a deposit account and
any amount in excess of a pre-determined amount is automatically transferred to a fixed
deposit. [1]

19. Services are intangible in nature, which means that they _____-
(a)Involve simultaneous production and consumption
(b)Are performed exclusively each time
(c)Are experiential in nature
(d) Cannot be stored for a future use [1]

20. Marine insurance provides protection against loss by sea perils i.e., enemy attacks, fire and
actions of the captains etc. (State True/False) [1]

21. Profit is found to be a leading objective of business but not the only one. Do you agree with
the given statement? Give reasons to justify your answer. [3]

22. Give the classification of primary industries and explain the same with the help of suitable
examples. [3]

23. What do you mean by Joint Hindu Family Business? State the basis of membership and
ownership of the members of the same. [3]

24. If registration is optional, why do partnership firms willingly go through this legal
formality and get themselves registered? Explain by giving three suitable reasons. [3]

25. Give a comparative view of the three economic activities on the following basis :
(i) Mode of establishment
(ii) Reward or Return
(iii) Capital Investment
(iv) Code of conduct [4]
26. Bhavana is running a Sole Proprietorship business. Over the past decade, her business has
grown from a small neighbourhood corner shop selling accessories such as artificial
jewelry, bags, hair clips and nail art to a big retail house with the branches in different parts
of the city. Although she looks after varied functions, management of expanded business
has become a challenging task. She is wondering whether she should form a Company
form of organisation for better management of the business.
(a)Explain Two advantages of remaining a Sole Proprietor.
(b)Explain Two benefits of converting it to a Joint Stock Company. [4]
27. Explain the following:
(a)Consumer’s cooperative societies
(b)Credit cooperative societies [4]

28. Railways and Post and Telegraph department are the prominent examples of one of the
forms of public sector enterprises. Identify and State any three advantages of it. [4]

29. It is a Public Sector Enterprise established under Indian Companies Act and conducts

business in competition with companies in Private Sector.
(a) Identify the type of Public Sector enterprise.
(b) What is the minimum investment Government has to make in such companies?
(c) Explain any two advantages of such companies. [4]

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30. Amar purchased a new office in Bangalore, and decided to take a double insurance policy
for it. He got his office insured with Company A for Rs. 2 crores and with Company B for
Rs. 3 crores. Due to negligence of the security guards, a theft occurred in his office, and
many laptops and other electronic gadgets were stolen. The amount of loss was estimated
to be Rs. 50 lakhs. Amar has decided to file a claim with both the insurance companies for
Rs. 50 lakhs each.
In context of the above case:
(a) How do you think he will be compensated for the loss in this case by the two insurance
companies?
(b) Calculate the relative share of each of the two companies in settling the claims of Amar.
(c) Incase Company A decides to pay Rs. 50 lakhs to Amar, how much amount of the claim
will be due from Company B to Company A?
(d) Identify the related principle of insurance applicable in the given case and explain the
same. [4]
31. Answer the following briefly:
(a)What do you mean by Business Risk?
(b)State the types of business risk.
(c)Explain the various causes of business risks briefly. [1+1+4 = 6]

32. What do you mean by a Private Limited Company? State any four privileges of a Private
Limited Company as against a Public Limited Company. [6]

33. The Reserve Bank of India was established under a special Act of the Parliament, that lays
down the objects, powers and functions of the corporation. It was established on 1st April,
1935 in accordance with the provisions of RBI Act, 1934. RBI formulates , implements and
monitors the monetary policy and its main objective is to maintain price stability while
keeping in mind the objective of growth. How will you classify RBI as a form of Public
Sector Enterprise? Explain any three merits and two limitations of this type of Public Sector
Enterprise. [6]

34. What do you mean by Banking? Explain the following briefly:
(a) Bank Overdraft
(b) Cash Credit
(c) Savings bank account
(d) Fixed Deposit account
(e) Recurring Deposit Account [6]

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