Class 11 Question Paper 2023-24 Business Studies (Half Yearly)

2023-24
HALF YEARLY
EXAM
NCERT BASED
SYLLABUS
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FOR
CBSE BOARD
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Half Yearly Exam 2023-24
Question Paper

Class - XI Subject – Business Studies
Time –3 Hours Maximum Marks- 80

General Instructions:-
Read the following instructions very carefully and strictly follow them:
1. This question paper contains 34 questions. All questions are compulsory.
2. Marks are indicated against each question.
3. Answers should be brief and to the point.
4. Answers to questions carrying three marks may be from 50 to 75 words.
5. Answers to questions carrying four marks may be in about 150 words.
6. Answers to questions getting six marks maybe in about 200 words.
7. Attempt all parts of a question together.

1. Such a Hundi cannot be endorsed in favour of any other person and is payable only to the
person whose name is mentioned on the Hundi
a. Furman-jog Hundi
b. Darshani Hundi
c. Nam-jog Hundi
d. Sahyog-Hundi [1]
2. Identify the related feature of the company, “ its Assets and Liabilities are separate from those
of its owners”.
a. Artificial person
b. Separate legal entity
c. Perpetual succession
d. Common Seal [1]
3. Which of the following is not a merit of a statutory corporation
a. They are autonomous organisation
b. They are a valuable instrument for economic development
c. Where national security is concerned this form is most suitable
d. The government generally does not interfere in their financial matters [1]
4. The minimum amount of RTGS is
a. Rs.25,000
b. Rs.2,00,000
c. Rs.50,000
d. Rs.1,00,000 [1]
5. The type of global trade which took place through sea route was known as

a. Muziris
b. Taxila
c. Maritime trade
d. Shores of Malabar [1]
1

6. A nominal partner is one who
a. Contributes Capital
b. Participates in management of business
c. Shares profits and losses
d. None of the above [1]
7. ”METRO” is which form of enterprise?
a. Public Ltd. Company
b. Private Ltd. Company
c. Government Company
d. Public Private Partnership [1]
8. Which of the following is not a type of business service
a. Health services provided by non – government organisations.
b. Banking
c. Insurance
d. Transportation [1]
9. These industries deal in products which involves successive stages for manufacturing finished
products
a. Synthetical Industry
b. Assembling industry.
c. Processing industry
d. Analytical industry [1]
10. This form of public sector enterprise is brought into existence by a Special Act of Parliament
a. Government company
b. Statutory corporation
c. Departmental undertaking
d. None of the above [1]
11. Recreational services form the part of
a. Business services
b. Social services
c. Personal services
d. All of the above [1]
12. Increase in competition is a type of
a. Human risk.
b. Natural risk.
c. Economic risk.
d. Political risk. [1]
13. The shares of a government company are purchased in the name of
a. Board of directors
b. Shareholders
c. President of India

d. None of the above [1]

2

14. Which of the following are the functions of Banking?
a. Accept money on deposits
b. Repay the money on demand
c. Provide financial services for a price
d. All of the above [1]
15. In case of a government company, minimum what percentage of the paid up capital is held by
the government?
a. 51%.
b. 49%.
c. 52%.
d. 30% [1]
16. Which of the following terms are related with insurance?
a. Policy
b. Premium
c. Surrender value
d. All of the above [1]
17. The principle of insurance not applicable to life
a. Principle of utmost good faith
b. Principle of insurable interest
c. Principle of indemnity
d. Principle of subrogation [1]
18. In case of insurance of a property, the insurable interest of the insured in the subject matter of
the insurance must exist
a. At the time of taking the Policy
b. At the time of the happening of the event
c. Both of the above
d. None of the above [1]
19. Mohit took a double insurance of his factory, both from Company A and Company B. A fire
broke out in factory and the amount of loss was estimated to be Rs. 70,000. Which of the
following statement(s) will hold true in this case:
a. The insured will have no right to recover more than the full amount of actual loss
b. If the full amount of actual loss is recovered from Company A, then Mohit cannot claim
anything from Company B
c. If the full amount of actual loss is recovered from Company B, then Mohit cannot claim
anything from Company A
d. All of the above [1]
20. This auxiliary to trade help in creating time utility.
a. Advertisement
b. Insurance
c. Transportation

d. Warehousing [1]

3

21. Mention and explain briefly any three characteristics of business risk. [3]
22. Is registration of partnership firm compulsory? State the consequences of a non-registered
partnership firm. [3]

23. Three friends Arun, Tarun and Varun are engaged in different types of activities to earn their
livelihood. Arun describes his occupation by saying that, “transfer of interest is not possible in
case of my occupation and at the same time it does not require any capital investment.” Tarun
remarks, “in my occupation also transfer of interest is not possible, but one needs to possess
high degree of specialized knowledge in a particular field.” Varun shares that, in his
occupation transfer of interest is possible with some formalities and also capital investment is
essential.In the context of the above case:
a. Identify the different types of economic activities by quoting the names and the relevant
lines.
b. Give any three points of difference between them, which have not been mentioned in the
given paragraph. [3]

24. State and explain any three advantages of a co-operative society form of organization. [3]
25. Railway and Post & Telegraph department are the prominent examples of this form of public
sector enterprise. Identify and explain any four features of the related public sector enterprise.
[4]
26. “A business activity is different from other activities in society”. Explain the above mentioned
statement by giving any four characteristics of business activities. [4]
27. Mehul sent an email to his friend Rahul who resides in US asking for financial help. Mehul
shared with him that due to a prolonged illness, his business suffered a lot. As a result, he was
not able to repay the bank loan which he had taken for the expansion of his business. He also
informed him that his warehouse has been confiscated by the bank authorities to settle his
claim. Mehul also reminded Rahul of his good times in business when he had helped Rahul
financially being the sole recipient of all the business profits.
In the context of the above case:
a. Identify & explain the related feature and liability of the form of business that has been
described in the above paragraph.
b. Explain in brief, any two merits of this form of business which have not been mentioned in
the above paragraph. [4]
OR
Differentiate Memorandum of Association and Articles of Association on the following basis-
a. Objectives
b. Relationship
c. Validity
d. Necessity

28. Oil and Natural Gas Corporation (ONGC) is an Indian company. It is India's largest oil and gas
exploration and production company. It produces around 70% of India's crude oil (equivalent
to around 30% of the country's total demand) and around 62% of its natural gas. ONGC was

founded on 14th August 1956 by Government of India, which currently holds 68.94% equity
stake.
a. How will you categorize Oil and Natural Gas Corporation as a public sector enterprise?
b. State any three features of the identified form of organization and explain the same. [4]

4

29. Bhavna has started a beauty saloon in a popular market in Kanpur. She has employed seven
people to ensure smooth running of her business. As a part of orientation training of her new
staff, she emphasizes on the following aspects:-
a. Each one of them is expected to work consciously on creating a desired service so that the
customer undergoes a favorable experience at the salon.
b. The various equipment and things are available in the salon, but the services have to be
performed as and when the customer asks for it.
c. The services have to be offered in accordance with the different demands and expectations
of different customers.
d. The staff should make a deliberate effort to seek participation of the customer in the service
of delivery process.
Identify & explain the different features of services that have been described in the above
lines. [4]
30. Although various advantages of partnership form of organisation are there, it is not free from
limitations. Describe briefly any four such limitations of partnership. [4]
31. Explain the principles of insurance in detail. [6]
OR
Explain in detail about different types of digital payments.

32. Sony Ltd. is a leader in electronics. It is registered as a company and has its business operations
in many countries of the world. Its headquarters is in Tokyo. To manage its branches and
subsidiaries in different countries, the company employs trained and professional managers.
They always make use of latest technology to remain leaders in electronics.
a. Name and explain the type of enterprise mentioned in the above paragraph.
b. State and explain any five features of such enterprise. [6]
33. Explain any six objectives of business. [6]
34. Sudeep is pursuing a graphic designing course at a technical institute in Pune. In one of the
classroom discussions on career options at the institute, he shares with his classmates that he is
a member of a business by birth. Although he is a member, he does not have the right to take
any decision regarding the business. His uncle takes all decisions related to the business.
In the context of the given case:-
a. Identify & explain the form of business organization being described in the above lines.
b. Mention and explain the status enjoyed by Sudeep in this form of business organization.
c. State any four other features of this form of business organization. [6]

5

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