Class 11 PT I Question Paper 2026-27 Business Studies

CBSE CLASS 11
PT I Question Paper
Session 2026-27

BUSINESS STUDIES

Exam CBSE Class 11
Subject Business Studies
Session 2026-27
Document Type PT I Question Paper

Notes · Sample Papers · Previous Year Papers · Mock Tests

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Question Paper

SESSION – 2026-2027ag
Class: XI Maximum Marks: 40
Subject: Business Studies Time: 1 hr 30 Minutes
General Instructions:
1. This question paper contains 14 questions in 2 pages.
2. Marks are indicated against each question.
3. Attempt all parts of the questions together.

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4. Answer should be brief and to the point.

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5. Answers to the questions carrying 3 marks may be from 50 to 75 words.

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6. Answers to the questions carrying 4 marks may be about 150 words.

emwhat type of Industry?
7. Answers to the questions carrying 6 marks may be about 200 words.
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Timber Industrysis g
1.
g a Secondary (C) Tertiary (D) Manufacturing
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2. a
(A) Primary
Maritime Routes linked from east to west by sea and were used for trade of spices known as: 1
(A) Silk Route (B) Spice Route (C) Sea Route (D) None of the above
3. If karta dies then: 1
(A) Joint Hindu Family Business comes to an end (B) Remaining members elect new Karta
(C) Next senior most member become karta (D) The business continues without karta
4. Which form of organization is governed by the principle of "One Man, One Vote"? 1

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(A) Partnership
(B) Sole Proprietorship
(C) Cooperative Society
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(D) Joint Stock Company
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5. Assertion (A): Business is a non- economic activity 1
Reason (R): Business is undertaken with the aim of earning money.
In the context of the above two statements, which of the following is correct?
Codes:
(A) Both Assertion (A) and Reason( R is true and Reason(R) is the correct explanation of
Assertion ( A )
(B) Both Assertion (A) and Reason ( R) is true and Reason (R)is not the correct explanation
of Assertion ( A )

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(C) Assertion (A) is True and Reason (R) is false.

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(D) Assertion (A ) is false, but Reason ( R) is True.

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6. Assertion (A): A partnership firm must be registered under the Indian Partnership Act, 1932. 1

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Reason (R): While registration is optional, non-registration deprives the firm of certain legal

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rights.

ag (A) Both Assertion (A) and Reason( R is true and Reason(R) is the correct explanation of
Assertion ( A )
(B) Both Assertion (A) and Reason ( R) is true and Reason (R)is not the correct explanation
of Assertion ( A )
(C) Assertion (A) is True and Reason (R) is false.
(D) Assertion (A ) is false, but Reason ( R) is True.
7. Explain any three economic objectives of a business. 3
OR

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Explain with example the following:

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(i)Analytical Industry (ii)Assembly Industry (iii)Tertiary Industry

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8. "Success of a business often depends on trust, mutual cooperation, shared responsibility and 3
collective decision-making among its owners."
Identify and explain the form of business organisation described above and explain any two of
its characteristics.
9. X,Y and Z are three friends pursuing different carriers :- 4
X runs a bakery and makes breads and biscuits.
Y is a doctor and his running his own clinic.
Z is an IAS officer.
You are required to :
(i) Identify their occupation.
(ii) Differentiate between them on the basis of Transfer of Interest, Reward and Risk.
10. “Profit” is not an objective but a requirement of business” Do you agree with this statement? 4
Support your answer with any three reasons.
11. Discuss any four merits of a Sole Proprietorship form of business. 4

12. Is registration of a firm compulsory? 4
What are the consequences of non- registration of a partnership firm?
OR
Sharma brothers inherited some ancestral property. They decided to form a Hindu undivided
family consisting of four male members. Mr. Raman Sharma was eldest brother so he became
'Karta'. The business took a loan of Rs. 20 lakh from Canara Bank, which was to be returned
within 5 years. Due to poor financial position of the business, they were unable to repay the
loan. Brothers sold the ancestral property for Rs. 10 lakh and paid the amount to Canara Bank.
The bank filed a case for recovery of balance amount. Mr. Raman Sharma pleaded the court
that the loan was taken for the purpose of Business; so all members of business are liable to
repay. The court said all members are responsible only to the extent of their share in business
and business property is already sold, but you being Karta will have to repay whole amount
even by selling your personal property.
(i) In this case who has unlimited liability.
(ii) Was the decision of court to claim only from Raman is justified? Give reasons.
(iii) Write down any two main features of the forms of business highlighted above.
13. Explain the functions of Commerce. 6
Or
What do you mean by Business? Explain any five features of business.
14. Three friends, Aman, Riya, and Kunal, started ABC Pvt. Ltd. to manufacture organic food 6
products. They wanted to retain complete control over the business, so they restricted the
transfer of shares and did not invite the public to invest. As the business expanded, they
observed that another company, XYZ Ltd., raised huge amounts of capital from the public and
its shares were freely transferable. While ABC Pvt. Ltd. enjoyed greater secrecy and quicker
decision-making, XYZ Ltd. had better opportunities for expansion due to its ability to raise
large funds. However, XYZ Ltd. had to comply with numerous legal formalities and disclose
information to the public regularly.
(i) Identify and explain the types of companies represented by ABC Pvt. Ltd. and XYZ Ltd.
(ii) State any two differences between the two companies based on the case.
(iii) Which type of company is more suitable for large-scale expansion? Give a reason.

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