SOF ICO Sample Paper 2023 Class 11

SAMPLE PAPER SYLLABUS 2022-23 CLASS 11 Total Questions : 50 Time : 1 hr. PATTERN & MARKING SCHEME Section (1) Economics (2) Business (3) Accountancy (4) Achievers Studies Section No. of Questions 15 15 15 5 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 incentive? was increased and in many activities 100 per cent (A) Tillers to the land Foreign Direct Investment (FDI) was permitted. (B) Incentives of the land Identify the reform. (C) Land to the tiller (A) Liberalisation (B) Privatisation (D) Incentives to the cultivators (C) Globalisation (D) Both (A) and (C) 4. Which of the following is not a limitation of 2. The mean of 9 observations is 16. One more statistics? observation is included and the new mean (A) Statistics does not analyze qualitative data. becomes 17. The 10th observation is (B) Statistics is not concerned with individual (A) 18 (B) 26 observations. (C) Statistical generalizations are true only on (C) 30 (D) 7 average. 3. Which policy was associated in increasing (D) Statistical generalizations are true for all the interest of the cultivators to earn more statistical measures/tools. BUSINESS STUDIES 5. A, B and C started business in partnership. 6. Which of the following tea brands does not belong They also have a partnership deed, but it is not to Unilever Group? registered. They sold goods worth ` 5000 to (A) Brookbond (B) Tetley Mr. D on 30 days credit. Even after passing 90 (C) Lipton (D) Red Label days, D has not paid the amount due. What may 7. Which of the following is not the characteristic of be the consequences? a public company? (A) In case of dispute, A cannot file a suit against (A) Separate legal entity B and C. (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) Sale of equity shares of public sector (A) Sale of government bonds by RBI, to business enterprises to the public and the private sector houses and the public at a discount (B) Purchase of government bonds by RBI at a (D) Purchase of equity shares of bankrupt premium, from the bond holders companies 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 2. Business entity-Accounting standard is ` 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. The opening balance of Prize Fund was (D) 1, 3, 4 ` 32,800. During the year, donations received towards this fund amounted to ` 15,400, amount 12. If capital at the end of the year is `40,000; capital spent on prizes was ` 12,300 and interest received introduced during the year is `30,000; drawings for on prize fund investment was ` 4,000. The closing the year is `20,000 and loss for the year is `60,000, balance of 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 (A) Integration of the various economies of the of accounting and accounting principles. world leading towards the emergence of a (C) Accountancy encompasses all of the functions cohesive global economy. of accounting and book keeping. (B) Involves an increased level of interaction and (D) None of these interdependence among the various nations 14. Which of the following is not a business activity? of 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 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