ICSE Class 10 Question Paper 2020 for Commercial Studies

COMMERCIAL STUDIES

(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.
Distinguish between:

(a) Advertising and Publicity [2]

(b) Capital and Revenue expenditure [2]

(c) Equity shares and Preference shares [2]

(d) Internal and External Stakeholders [2]

(e) Central Bank and Commercial Bank [2]

Question 2.
(a) What is E-tailing? [2]

(b) What are Fixed Costs? [2]

(c) What is a Budget? [2]

(d) Briefly explain Provident Fund. [2]

(e) State two advantages of internal recruitment. [2]

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Question 3.

(a) State two advantages of Campus Recruitment as an external source of [2]
recruitment.

(b) What do you mean by E-security? [2]

(c) What is meant by Industrial Relations? [2]

(d) Briefly explain the principle of Utmost good faith of insurance. [2]

(e) ‘The Central Bank is a banker’s bank.’ Explain in brief. [2]

Question 4.

(a) Briefly explain any two types of Selection tests. [2]

(b) What are Bonded Warehouses? [2]

(c) What do you mean by Insurance? [2]

(d) State any two features of the Consumer Protection Act. [2]

(e) Explain in brief Credit Card Fraud. [2]

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

Question 5.

(a) Explain any five objectives of Marketing. [5]

(b) What is ERP? Explain any three modules of the ERP System. [5]

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Question 6.

(a) State any five expectations of employees from a business organization. [5]

(b) Describe any five utilities of a budget. [5]

Question 7.
(a) Explain any five merits of road transport. [5]

(b) Explain: [5]

(i) ATM

(ii) Debentures

Question 8.

(a) Explain any five features of the Environment Protection Act. [5]

(b) Briefly, explain any five benefits of advertising to producers. [5]

Question 9.

(a) What are the various ways by which consumers are exploited? [5]

(b) Explain: [5]

(i) NEFT

(ii) RTGS

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Question 10.

From the following Trial Balance of A. B. Chandra as on 31st December, 2019. [10]

Trial Balance of A. B. Chandra

as on 31-12-2019

Particulars Amount (Dr.) Particulars Amount (Cr.)
Cash in Hand 2,000 Discount Received 750
Drawings 2,800 Capital 40,000
Opening Stock (01/01/2018) 4,000 Purchases Returns 1,250
Wages 2,000 Sales 83,000
Cash at Bank 3,500 Creditors 15,000
Insurance 700 Bank Loan 10,000
Trade Expenses 1,200
Furniture 20,000
Buildings 61,000
Salaries 5,000
Discount Allowed 750
Sales Returns 3,000
Purchases 31,250
Debtors 10,000
Telephone Charges 1,000
Bills Receivable 1,800
Total 1,50,000 1,50,000

The closing stock was valued at ₹ 12,000.

You are required to prepare a Trading Account and a Profit and Loss Account for the year
ending 31st December, 2019 and a Balance Sheet as on 31st December, 2019.

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