Class 11 Revision Test 2024-25 Question Paper Business Studies

SESSION: 2024-25

REVISION TEST
CLASS-XI

SUBJECT-BUSINESS STUDIES
TIME: 3 Hrs. M.M:80

GENERAL INSTRUCTIONS:

1 This question paper contains 34 questions.
2 Marks are indicated against each question.
3 Answers should be brief and to the point.
4 Answers to the questions carrying 3 marks may be from 50to 75 words.
5 Answers to the questions carrying 4 marks may be about 150 words.
6 Answers to the questions carrying ómarks may be about 200 words.
7 Attempt all parts of the questions together.
Which of the following requires to be rated by a credit rating agency like CRISIL? 1

a) Equity Shares b) Preference Shares c) Debentures d) Public Deposits

2 Which of the following Hundi ismade payable to order following a fixed term?

a) Sah-jog b) Dekhan-har c) Firman-jog d) Dhani-jog
3 Saurabh, aGeneral Secretary of the Steels Factories was in charge of arranging the Annual General
Meeting of the Association. It was expected that around 1000 steel factory owners would attend the
meeting. The agenda of the meeting was to ensure that all the factory owners take responsibility in
reducing pollution. The idea behind this agenda was to avoid any new laws being implemented by the
government which will limit the freedom of the factory ownerS. Which argument for social
responsibility is evident in this case? 1

a) Avoidance of government regulation
b) Availability of resources with business

c) Maintenance of society
d) Converting problems into opportunities
notebooks
4 Anaya had finished her B. Com degree from a reputed college in Bangalore. She had lots of
she decided to
which were of no use to her, but she knew that it would be helpful to other people. So

Page 1 of 8

Sell them on a used book website "once used" o other customers Through this, she
was aole o
some money also. What scope of 1
E-business is this?
a) B2B commerce b) B2C commercc d) Intra-B commerce
c) C2C commercc
ldentify the mode of' establishment of profession, as atype of 1
economic activity
a)Decision by the
concerned person
b)Contract between the person and
professional association
c) Registration with professional association
d Membershipof professional association and certificate of practice
A public company need not file Articles of Association. It can adopt Table of the Companies
Act, 2013. 1

a) B b) C c)F d)D
7. Which trade centre was an important centre for exporting wool and importing horses? 1

a)Broach b) Pataliputra et Pshawar d) Taxila
Name the document which serves as evidence that the shipping company has accepted the
goods tor
carrying to the designated destination.
a Billof lading b) Mate's Receipt
c) Letter of Credit d) Invoice
9 Read the following statements and choose the correct alternative. 1

Statement I- It is the social responsibility of every business to take steps not only to check all sorts of
pollution but also to protect environmental resources.
Statement II- The business enterprise should take the lead in providing their own solutions to
environmental problems.
a)Both the statements are true b) Both the statements are false

c) Statement I is true, Statement II is false d) Statement I is false, Statement II is true
10. was set up in 1955 with a view to promote aid and foster the growth of small business units
inthe country.
a) National bank for Agriculture and Rural Development

bYNational SmallIndustries Corporation
c) SmallIndustries Development bank of India
d) DistrictIndustries Centres

Which one of the following is the benefit o International trade to firms?
a)Increaved standard of living
b) Increased capac1ty utilisation
c) More eficient use of resources

d) Improvinggrowth pOspects and employment potential
In this bank finance adjustment, borower is sanctioned acredit limit upto which he may draw arnounts
trom the bank ThiN Credit limit is determined by the bank's estimation f the horr(FWet s credt
worthiness ldentify it
a)Cash credit ) Bank overdraft c) Bank draft d) Mortyage loan
13 Match the following
Column A
ColumnB
1. Angel a. Self- Financing
Investment

2. Crowd Funding b. Professionally managed funds whichare
invested in comnpanies that have huge
potential
3. Boot Strapping C. Individuals with surplus cash who invest in
an upcoming start- ups.
4. Venture Capital d. Raising money from alarge number of
people for a common goal.

1(c), 2(d);3(a); 4(b) Ab) l(d), 2(c); 3(b); 4(a)

c) l(c), 2(b), 3(a); 4(d) d) 1(d), 2(c), 3(a); 4(b)

14 One person company has to convert itself into publicor private company, if duringthe relevant period
its average annual turnover exceeds -

a) 50 lakhs b)75 lakhs c) 1.5crores d) 2 crores

15. Assertion -Itinerant retailers are traders who do not have a fixed place of business to operate from.
Reason -They keep on moving with their wares from street to street or place to place, in search of
Customers.

a) Both assertion and reason are true and reason is the correct explanation of assertion.
b) Both assertion and reason are true, butreason is not the correctexplanation of assertion.
c) Assertion is true but the reason is false.
d) Assertion is fal se but the reason is true.

Page 3 of 8

l6.
The Minimum Number of members in a cooperative soCiety is
(a) 2 (b) 3 (c) 7
17. The minimum transaction value for RTGS is
(a) Ilakh b) 2Lakh (c) 3 Lakh (d) 4 lakh
18
Principle of indemnity is not applied in
(a)fire Insurance (b) Marine insurance (c) health insurance vd life insurance
19
Olx is the example of.
(a) C2B Commerce
(b)B2C Commerce
(c) Intra B
Commerce s C2CCommerce
20
BATA0is an example of
(a) Mail order house
(b)General stores
eyChain Stores
(d) Departmental stores
21. A Ltd. was issued Certificate of
date mentioned on the Incorporation by the Registrar on 10th February 2020. However, the
Certificate was Ist
purchase of land with B Ltd, on 5th FebruaryFebruary
2020.
2020. The company entered into a
contract fo
NowB Ltd. is not interested to sell the
is getting a higher price from land as i
another buyer. Can A Ltd. file a case against B
support of your answer. Ltd.? Give reasons in
y22. Ajay Medicos is a partnership firm. Akku and
Mona are two partners in this firm. It sells
the other business units only. Almost all medicines to
the transactions of this firm are done
medium, i.e.,the internet. Akku wants to set up the through the electronic
not want. Identify and explain the unethical anti-pollution plant in his factory, but Mona does
behaviour of the firm from the above case. 3
23. Ram, Kabir and Gurpreet are three friends who
MBA education from IIM, Ahmedabad. They
belong to the same village. They have completed their
want
education. Withthis aim they want to do such a businessthatwhichthe country should benefit from their
will generate more employment and
output, mobilise local resources, and contribute to balanced
a small-scale industrial unit in their own village. regional development. For this they set up
Do you think they will be able to
contribute to the development of rural, backward areas of the
country? 3
24M Every day, a three wheeled vehicle appears in front of your
school selling lee-creams. Name and
explain the type of retailer referred here.
3
25. Dr. RajivMishra isworking against the post of a
senior doctor in a government hospital. He does not
discriminate between the rich and poor while treating his patients medically. When he returns home
from the hospital, he attends tothe poor patients at home free of cost
he gives them the information about the employment between pm to8 pm. Besides
6
opportunities. He
oo into the fields of advertising and transportation. They went into advises many young people te
these fields and remarkabis
succeeded there.
Page 4 of 8

(i) What type of activities does Dr Raiiy Mishra perform in the
hospital and at home!
(ii) Explain the auxiliaries to trade
mentioned in the above para 4

29 Na t0 Toregn company, started its busincs in a under -developed country The size of the
business is quite large. The company has plenty of resources It employs thousands of people in the
under-developed country. The raw materials usedIby the company are rcadily available here However.
since there was not demand for these raw materials here the producers were unable to get the best
prnce tort. Due to this reason, the producers were discouraged Some local businessmen used to act
arbitrarly carlier, but nowthey have corected themselves The reason for their becoming beter iS
compentonwith the foreign company Now their arbitrary approach has ended altogether. Max Lid
Is uSsing completely the latest technology in its various business acti vities As aresult, the local people
also have got the opportunity to learn the new technology Because of using the modern techrnology
and domg productton at a large scale, the companv's cost of production is very low. Because of its
huge size and status, the company occupied adominant Dosition in the market and toOK OVer SOme
domestic firms.

(a) Which type of business enterprise is referred to in the above
para'?
(b) State any three features of the enterprise identified in (a) by quoting the lines from the above para 4

27. Home Foods Pvt. Ltd deals in grocery items of daily domestic usage. Its business is spread throughout
Delhi. The company's 20 stores are providing their services to the residents of Delhi. All the business
activities of this company are done through internet. Its main activities are obtaining information about
goods, receiving orders of goods, making payments, receiving payments, inventory management,
products development, etc. The use of internet in the business activities has resulted into reduced coves
of business transactions. The customer also can shop sitting at home or office. They can access the
internet to buy goods and services. The use of internet has consideratbly reduced dependence on paper
work for the company.
(a) Which system of business is being followed by Home Foods Pvt. Ltd.?

(b) State any three benefits of the system of business identified in (a) by quoting the lines from the
4
above para
28. Your firm is planning to import textile machinery from Canada. Describe the procedure involved in
4
importing (first four steps).
29 Krishna Pvt. Ltd. is facing the shortage of long-term finance as it is aperiod of depression in the
raise.
economy. The experts were consulted to determine the source of finance the company should
it has
One financial advisor, Mr. Ram, advised that the company should use such a security on which
Another finance specialist, Mr.
a tax advantage and there is no dilution of control of the shareholders.
but raise such a source of
Shiv advised that the company should not issue any debt or equity security
the relevant lines from the
long-term finance which can be redeemed in easy instalments. Quoting
by the two specialists, Mr. Ram and
above para, identify and explain the sources of finance suggested 4
Mr. Shiv.
popular insurance company,he asked his friend
When Ketan started working as an insurance agent in a
30
for all your employees working
Dhananjay who isin shipping business to take agroup insurance policy
Page 5 of 8

in the shipping company In response to his suggestion, Dhananjay raised a query stating that,"wha
happens if any of my employees covered under the group insurance policy leave the company?"

In context of the above the case
(a) Do you thìnk the group Insurance policy will be applicableto an employee after he leaves the
of insurance,
shipping company? ldentify the related principle
(b) State the relevance of this principle, with reference to life Insurance, fire insurance and marine

insurance.
Agroup of seven friends decided to jointly set up a public company in arural area where the people
31
were facing aserious unemployment problem. All of them jointly selected a place where the companys
registered office would be situated. Along with it, with the advice of business specialists, it was als
decided what procedure would be followed for theissue and allotment of shares. All the friends wanted
their company to have a singular recognition, and people should get immediate attraction towards its
products. It was felt that the very name of the company could become a reason for its recognition
Then, they jointl
After a detailed discussion, the companv's name was decided as Trimurti Ltd.
completed all the formalities of the formation of the company.
ldentity and explain the two important documents used in the formation of the company lines from the
above para which helped you identify these documents. 6

32 Sona, Mona, Roma and Donna visited anearby bank to open abank account. Since they were totally
unaware of the different types of bank accounts, they requested the relationship manager at the bank
togive them an insight into the different types of bank accounts options available with the bank. Being
an experienced person the relationship manager, first enquired about their specific requirements.
Mona shared that she has received cash prize of 10000 that she would like to place in an account which
offers high rate of interest. She alsomentioned that she does not needto withdraw this money before
5years.
Roma said, she has started earning money through tuitions and would like to place her savings in an
account.

Donna told the manager that she has got her business registered with an
most of your business transactions will now be routed through the bank.
e-commerce company and
Sona expressed her desire to
deposit 500 from her pocket money in an account every month for the
next 2 years to buy a des1gner
lehenga for her sister's wedding. Identify and explain the different
types of bank accounts been
described in the above paragraph. Also, quote the relevant lines.
6

33. Madhav Sales Pvt. Ltd. owns the agency of different food
brands to retailers after purchasing them from several products, which sells goods of different
cash while its all sales are on credit of one month. So companies. It purchases almost all goods tor
the
finance. To overcome this problem, the company's financecompany keeps struggling with the short term
department held a meeting. The
of the meeting asked the members to
express their views on the solution of this problemchairperson
The first
person said, "we should use a source of finance which does not
problems and the market of which maintains secrecy." The involve any bureaucracy and legal
second person's opinion was thatthe
Page 6 of8

company often needs cash credit and overdraf Therefore, the sOurce of finance should sec
considening this tact. The view of the third person waAs that the company also should buy goods on
credit. The chairperson of the mecting listened to the suggestions of all and, to takethe final
decision,
asked them to be presentin ameeting the next wcek
Quoting the relevant lines from the above para. identify and explain the sources of finance as suggested6
by different persons.

34. Kharbanda Ltd. deals in a variety of consumer products like toiletries, groceries, electrontes, osells a
departments and every department
etc. The work place has been divided intoa number of customers are fulfilled under one rooi.
particular commodity. In this way almost all the needs of
shops at different places of the country
Manchanda Ltd. deals in footwears The company has 200 available are of the
that at all its shops the goods
The speciality of the business of this company is
sales are made strictly on cash basis.
Same type, and their prices are also the same. AIl
Kharbanda Ltd. and Manchanda Ltd. Also state any three
ldentity the type of retail trade done by 6
features of each.
%***