SOF ICO Sample Paper 2024 Class 11

LEBRAT CE F IN SO G SAMPLE PAPER SYLLABUS 2023-24 CLASS Total Questions : 50 Section No. of Questions 15 PATTERN & MARKING SCHEME (1) Economics (2) Business Studies 15 (3) Accountancy 15 Time : 1 hr. (4) Achievers Section 5 11 Marks per Ques. 1 1 1 3 SYLLABUS Section – 1 : Introductory Microeconomics, Statistics for Economics. Section – 2 : Nature and Purpose of Business, Forms of Business Organisations, Public, Private and Global Enterprises, Business Services, Emerging Modes of Business, Social Responsibility of Business and Business Ethics, Sources of Business Finance, Small Business, Internal Trade, International Business. Section – 3 : Theoretical Framework, Accounting Process, Financial Statements of Sole Proprietorship from Complete and Incomplete Records, Computers in Accounting. Section – 4 : Higher Order Thinking Questions - Syllabus as per Section-1, Section-2 and Section-3. ECONOMICS 1. In 1991, the share of foreign equity participation was 3. Which policy was associated in increasing increased and in many activities 100 per cent Foreign the interest of the cultivators to earn more incentive? Direct Investment (FDI) was permitted. Identify the (A) Tillers to the land reform. (B) Incentives of the land (A) Liberalisation (C) Land to the tiller (B) Privatisation (D) Incentives to the cultivators (C) Globalisation (D) Both (A) and (C) 4. Which of the following is not a limitation of statistics? (A) Statistics does not analyze qualitative data. 2. The mean of 9 observations is 16. One more (B) Statistics is not concerned with individual observation is included and the new mean becomes observations. 17. The 10th observation is (C) Statistical generalizations are true only on (A) 18 average. (B) 26 (D) Statistical generalizations are true for all statistical (C) 30 (D) 7 measures/tools. BUSINESS STUDIES 5. A, B and C started business in partnership. 6. Which of the following tea brands does not belong to They also have a partnership deed, but it is not Unilever Group? registered. They sold goods worth ` 5000 to (A) Brookbond Mr. D on 30 days credit. Even after passing 90 days, (B) Tetley (C) Lipton D has not paid the amount due. What may be the (D) Red Label consequences? (A) In case of dispute, A cannot file a suit against B 7. Which of the following is not the characteristic of a and C. public company? (A) Separate legal entity (B) The firm cannot file a suit against Mr. D. (B) Perpetual succession (C) Both (A) and (B) (C) Non-transferable shares (D) None of these (D) A common seal Sample Paper | Class-11 | 1

8. Disinvestment in India refers to (C) S a l e o f e q u i t y s h a r e s o f p u b l i c s e c t o r (A) Sale of government bonds by RBI, to business enterprises to the public and the private sector houses and the public at a discount (D) Purchase of equity shares of bankrupt companies (B) Purchase of government bonds by RBI at a premium, from the bond holders by the government of India. ACCOUNTANCY 9. Furniture of the book value of ` 10,000 were sold off 11. Which of the following pairs are correctly matched? at ` 2500 and new furniture of the value of ` 6000 1. Provision for doubtful debts-Prudence concept were acquired. Cartage on purchase of furniture is ` 2. Business entity-Accounting standard 50. Identify the nature of this transaction. 3. Going concern-Assumption (A) Capital expenditure 4. Capital-Drawings (B) Revenue expenditure Select the correct answer using the codes below. (C) Capital and revenue expenditure (A) 1, 2, 3 (D) None of these (B) 2, 3, 4 (C) 1, 2, 4 10. T h e o p e n i n g b a l a n c e o f P r i z e F u n d w a s (D) 1, 3, 4 ` 32,800. During the year, donations received towards this fund amounted to ` 15,400, amount spent on 12. If capital at the end of the year is ` 40,000; capital prizes was ` 12,300 and interest received on prize introduced during the year is ` 30,000; drawings for fund investment was ` 4,000. The closing balance of the year is ` 20,000 and loss for the year is ` 60,000, prize fund will be then capital at the beginning of the year was (A) ` 39,900 (A) ` 90,000 (B) ` 31,900 (B) ` 80,000 (C) ` 64,500 (C) ` 70,000 (D) ` 56,500 (D) ` 10,000 ACHIEVERS SECTION 13. Which of the following statements is true? (C) Publishing (A) Accounting encompasses all the functions of (D) Worshipping God accountancy and book keeping. 15. What do you mean by globalisation? (B) Book keeping encompasses all the functions of (A) Integration of the various economies of the world accounting and accounting principles. leading towards the emergence of a cohesive (C) Accountancy encompasses all of the functions global economy. of accounting and book keeping. (B) Involves an increased level of interaction and (D) None of these interdependence among the various nations of 14. Which of the following is not a business activity? the global economy. (A) Sale/Purchase of timer (C) Both (A) and (B) (B) Cultivating land (D) None of these SPACE FOR ROUGH WORK ANSWERS ICO – 1. (A) 2. (B) 3. (C) 4. (D) 5. (C) 6. (B) 7. (C) 8. (C) 9. (C) 10. (A) 11. (D) 12. (A) 13. (C) 14. (D) 15. (C) 2 | Sample Paper | Class-11