ICSE Class 10 Question Paper 2024 Commercial Studies

ICSE
QUESTION
PAPER
2024

U DY MA
S TE
E
R
S

IA
IC

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COMMERCIAL STUDIES

Maximum Marks: 80

Time allowed: Two hours

Answers to this Paper must be written on the paper provided separately.

You will not be allowed to write during the first 15 minutes.

This time is to be spent in reading the question paper.

The time given at the head of this Paper is the time allowed for writing the answers.

Attempt all questions from Section A and any four questions from Section B.

The intended marks for questions or parts of questions are given in brackets [ ].

SECTION A (40 Marks)
(Attempt all questions from this Section.)

Question 1

Choose the correct answer to the questions from the given options. [16]
(Do not copy the questions, write the correct answers only.)

(i) Expenses incurred for construction of a building are classified as:

(a) Revenue Expenditure

(b) Capital Expenditure

(c) Deferred Revenue Expenditure

(d) Miscellaneous Expenditure

(ii) Which warehouses are generally located in rural and suburban areas where
space is available at low cost?

(a) Public

(b) Bonded

(c) Cold Storage

(d) Private
This paper consists of 7 printed pages and 1 blank page.
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(iii) The module used for tracking of the stock of items in an organisation is:

(a) Inventory module

(b) Purchase module

(c) Sales module

(d) Finance module

(iv) Closing stock appears in the Final Accounts in the:

(a) Trading account only

(b) Profit and Loss account and Balance Sheet

(c) Balance Sheet only

(d) Trading account and Balance Sheet

(v) These posters are examples of:

(a) Sales promotion

(b) Marketing

(c) Selling

(d) Social advertising

(vi) A social security scheme in which both employer and employee contribute
10% of the basic wages every month is:

(a) Gratuity

(b) Pension

(c) Provident Fund

(d) Group Insurance

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(vii) Which of these is an objective of Pricing?

(a) Profit maximization

(b) Human Resource Management

(c) Checking inventory

(d) Fairs and exhibitions

(viii) Ramu is a labourer working in ‘ABC Constructions’. His expectations from
his company are:

1. Appreciation of Capital invested.

2. Timely payment of wages.

3. Timely payment of interest.

4. Safe working environment.

(a) 1 and 4

(b) 2 and 3

(c) 3 and 4

(d) 2 and 4

(ix) Rahim has given a loan of ` 5 lakhs to a fertilizer company. The company
pays him interest regularly and the company has promised to return his
amount after 5 years. Rahim has invested in:

(a) Equity shares

(b) Preference shares

(c) Debentures

(d) Ownership securities

(x) A budget is a statement that can be expressed:

(a) in monetary units only

(b) both in monetary terms and physical units

(c) in physical units only

(d) as an estimate of events only

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(xi) Which sales promotion technique includes training in stores layout, product
demonstration, advertising, etc.?

(a) Fairs and Exhibitions

(b) Prize Contests

(c) Merchandising Aids

(d) Trading Stamps

(xii) Under which right will Mr. Mohit get a compensation for a faulty product?

(a) Right to seek redressal

(b) Right to information

(c) Right to consumer education

(d) Right to choose

(xiii) Faking accidents, faking death, concealing information for health care are
examples of __________ fraud.

(a) Insurance

(b) False Accounting

(c) Credit Card

(d) Internet and Cyber

(xiv) A voluntary payment made by an employer to an employee who retires after
long and dedicated services is ____________.

(a) Pension

(b) Group insurance

(c) Gratuity

(d) Provident fund

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(xv) Mr. ‘P’ has been selected for a mission to go to the moon. Before he goes
into space he is trained to survive in ‘Zero Gravity’. Identify the training used.

(a) Job rotation

(b) Apprenticeship

(c) Classroom

(d) Vestibule

(xvi) A firm manufactures defense equipment. In order to ensure that only
authorized personnel enter the secured area they install a high-tech retina
scanner.
What does the above portray?

(a) E-advertising

(b) E-security

(c) E-commerce

(d) E-marketing

Question 2

Write any two differences between:

(i) Marketing and Sales [2]

(ii) Internal stakeholders and External stakeholders [2]

(iii) Shares and Debentures [2]

(iv) Recruitment and Selection [2]

Question 3

(i) What are Preference Shares? [2]

(ii) What is Cash Credit? [2]

(iii) What is a Central Bank? [2]

(iv) What is Fire Insurance? [2]

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Question 4

(i) What is a Master budget? [2]

(ii) What is a Capital Market? [2]

(iii) What is Variable cost? Give one example. [2]

(iv) What are Campus Interviews? [2]

SECTION B (40 Marks)
(Attempt any four questions from this Section.)

Question 5

(i) Explain in brief any five objectives of Marketing. [5]

(ii) Write short notes on: [5]

(a) Life insurance

(b) NEFT

Question 6

(i) What are Industrial Relations? State any three objectives of Industrial [5]
Relations.

(ii) Write short notes on: [5]

(a) Central Pollution Control Board (CPCB)

(b) Equity shares

Question 7

(i) Explain in brief two merits and three demerits of Water transport. [5]

(ii) ‘Rita’ was using a plastic card to withdraw money from a machine set up [5]
outside the bank.

(a) Identify the card.

(b) Write any four precautions that must be taken while using such a card.

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Question 8

(i) What is an Advertising Agency? Describe any two functions of the [5]
Advertising Agency.

(ii) Mention any five expectations of Government from a commercial [5]
organization.

Question 9

(i) What is Consumer Exploitation? Mention any three ways in which [5]
consumers are exploited.

(ii) Explain in brief two merits and three demerits of Advertising. [5]

Question 10
[10]
Given below is the Trial Balance of M/s. Krishna & Sons Pvt Ltd as on 31st March,
2023. Prepare a Trading and a Profit and Loss account for the year ending 31st March,
2023 and a Balance Sheet as on the same date.

Trial Balance of M/s. Krishna & Sons Pvt Ltd as on 31st March, 2023.

Particulars Dr. Cr
Capital —— 50000
Drawings 1000 ——
Debtors and Creditors 25000 15000
Loan —— 20000
Discounts 4750 300
Purchases and Sales 90000 172000
Land and Buildings 88000 ——
Salaries 33000 ——
Cash in hand 2,700 ——
Stock as on 01-04-2022 28000 ——
Commission Received —— 18550
Sales Return and Purchase Return 750 550
Carriage inward 1200 ——
Bills receivable and Bills payable 7500 5500
TOTAL 281900 281900

Closing stock was valued at ` 25000.

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CISCE STUDY MATERIAL

ICSE ISC

INFORMATION CLASS STUDY MATERIAL

1 Time Table 9 Specimen Paper
10 Specimen Paper
2 Result
11 Specimen Paper
3 Syllabus 12 Specimen Paper

OTHER RESOURCES
10 Question Paper
Maps of India, Maps of World
Writing Skill Formats 12 Question Paper
Periodic Table
9/10 Lab Manuals
BOOKS 11/12 Lab Manuals
ICSE Class 10 Prescribed Books
ISC Class 12 Prescribed Books
ISC Class 12 Project Work

ENTRANCE EXAMS

JEE Main CLAT CUET UG
JEE Advanced NEET UG Fashion & Design