MH 12th Question Paper March 2026 Secretarial Practice

FOR MAHARASHTRA BOARD (MSBSHSE) CLASS 12 EXAM PREPARATION

Maharashtra Board
(MSBSHSE) Class 12
2026
March Session
Question Paper ·
Secretarial Practice
EXAM YEAR

Maharashtra Board (MSBSHSE) Class 12 2026
TYPE SUBJECT

March Session Question Paper Secretarial Practice

Notes · Sample Papers · Previous Year Papers · Mock Tests

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DAY — 07 SEAT NUMBER

2026 II 17 1100 (E)
J-141 m
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SECRETARIAL PRACTICE (52)
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a Time : 3 Hrs. ( 7 Pages ) Max. Marks : 80

Notes : (1) All questions are compulsory.

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(2) Figures to the right indicate full marks for the questions.

(3)
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Figures to the left indicate question numbers.
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(4) Answer to every question

Q. 1. (A) Select the proper option from the options given below [20]

and rewrite the sentences : (5)

(1) Letter of _____ is sent to applicants who have not been

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given shares by the company.
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(2) Finance is the management of _____ affairs of the

company.

(a) monetary

(b) marketing

(c) production

(3) Shares issued free of cost to the shareholders are

known as _____ shares.

(a) preference

(b) equity

(c) bonus

(4) A company cannot accept deposits for more than _____

months.

(a) 24

(b) 36

(c) 45

(5) _______ participate in the management of the

company.

(a) Preference shareholders

(b) Depositors

(c) Equity shareholders

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(B) Write a word or term or phrase which can substitute each

of the following sentences : (5)

(1) The return on investment paid to the creditors by the
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company.
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(2)

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behalf of the Government of India.

(4) Transfer of shares due to operation of law.

(5) Documentary evidence of holding the debentures.
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(C) Correct the underlined word/s and rewrite the following

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sentences : (5)
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(1) A Bear expectsathe prices of shares to rise in future.

(2) Bond is a source of Short term finance.

(3) Dividend is payable every year irrespective of profits

made by company.
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(4) Securities are fungible in Physical mode.

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(5) The details of debentureholders are entered inaRegister
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a of Members.

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(D) Select the correct option from the bracket : (5)

Group ‘A’ Group ‘B’

(a) _________________ (1) Deposit from Members

(b) First Depository in India (2) _________________

(c) _________________ (3) Capital Market

(d) Public Deposit (4) _________________

(e) _________________ (5) Nifty

(Short term loan, Private company, NSDL, Index of NSE,

Funds for long term.)

Q. 2. Explain the following terms / concepts (Any FOUR) : [8]

(1) Debenture Certificate

(2) Fixed Capital

(3) Register of Deposit

(4) Dematerialization

(5) Stock Exchange

(6) Overdraft

Q. 3. Study the following cases / situations and express your [6]

opinion (Any TWO) :

(1) Mrs. Khushi wishes to open a Demat Account in her name.

(a) Can she open the account going to Mumbai office

of NSDL?

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(b) Is she required to pay for opening of account and its

maintenance?

(c) Does she have to send the shares to respective
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company for demating?
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(2) Harsh

g la (a) Is the board justified to decide interim dividend of
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` 10 per share even though profits till date are

insufficient?

(b) Can the board declare dividend out of free reserves?

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(c) In how many days company must pay dividend to

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shareholders from the date of declaration?
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(3) Angel Company Ltd. g
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deposits. Its net worth is ` 250 crores.

(a) Can they accept deposits from the public?

(b) Can they accept deposits which mature after 5 years?

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(c) Within what period should the company issue deposit
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Q. 4. Distinguish between the following (Any THREE) [12]

(1) Equity shares and Preference shares

(2) Dividend and Interest

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(3) Jobber and Broker

(4) Initial Public Offer and Further Public Offer

Q. 5. Answer in brief (Any TWO) : [8]

(1) State any four terms and conditions regarding acceptance

of deposit.

(2) State the features of Interim Dividend.

(3) State any four factors affecting working capital

requirement.

Q. 6. Justify the following statements (Any TWO) : [8]

(1) Debenture trustees are appointed by a company issuing

debentures.

(2) Depository system is very similar to the banking system.

(3) There are many participants in money market.

(4) Company has to fulfill certain provisions while making

Right Issue.

Q. 7. Attempt the following (Any TWO) : [10]

(1) Draft a reply letter resolving the query of the member on

low rate of dividend.

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(2) Write a letter to debentureholder informing him/her about

conversion of debentures into equity shares.

(3) Draft a letter of thanks to the depositor of a company.
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Q. 8.
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Answer the following questions (Any ONE) : [8]
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(1) What

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(2) Explain briefly the procedure for allotment of shares.

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