Manipur Class 10 Sample Paper Commerce

Manipur

SAMPLE PAPER
Class 10

Sample Question Paper
Class-10
COMMERCE
FULL MARKS=80
PASS MARK=20
TIME=3hrs
All questions are compulsory.
The figures in the right hand margin indicate full marks for the
questions.

Answer question no. 1 to 5 in about 30 words each.

1. Name any two of the business activities.

2
2. Give any two examples of Genetic Industry.

2
3. Write two specific purposes of Current account.

2
4. Write any two points of difference between an open cheque and a crossed cheque.

2
5. State any two purposes served by a cheque to a depositor ?

2

Answer question no. 6 to 11 in about 40 words each.

6. Write any three advantages of Fixed Deposit over Savings Account.

3
7. State three primary functions of insurance.

3

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8. Why are financial statements are important to investors?

3
9. Write any three advantages of a trial balance.

3
10. Why does every trader desire to prepare financial statement at the end of every
accounting period.

3
11. Find out Gross Profit from the following items :

3
(i) Net Sales = Rs. 3,00,000
(ii) Gross Profit = 25% of the cost

Answer question no. 12 to 16 in about 60 words each.

12. State different channels of distribution.

4
13. Differentiate between Fire Insurance and Marine Insurance on the basis of
objectives and subject matter.

4
14. Write the importance of advertising and publicity in a business.

4
15. Enumerate four items each to be shown on debit and credit sides of Profit and Loss
account.

4
16. Give the closing entries for the following items

4
(i) Sales Account
(ii) Opening Stock Account

(iii) Purchase Return Account
(iv) Net Loss Account
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Answer question no. 17 in about 150 words each.

17. Explain the general utility functions of a bank.

8

18. Prepare a balance sheet with the following items

8

Rs. Rs.
Net Profit 1,50,000 Capital 7,00,000
Drawings 40,,000 Outstanding 30,000
Wages
Debtors 2,50,000 Creditors 1,80,000
Stock (Closing) 2,20,000 Bank Overdraft 70,000
Building 4,20,000 Furniture 50,000
Loan (Cr) 50,,000 Cash at Bank 2,00,000
Answer question no. 19 to 28 in about a sentence each.

19. State the relationship between Primary Industries and Secondary industries .

1
20. Who maintains a passbook ?

1
21. State one point of difference between a cheque and a bank Draft.

1
22. How is premium paid in an insurance contract ?

1
23. Why is Life Insurance said to be the most important of all the insurance policies ?

1
24. When was Motor Vehicle act passed ?

1

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25. What is Entrepot Trade ?

1
26. Which is the most common method of preparing trial balance ?

1
27. State one importance of Balance Sheet.

1
28. Point out one difference between Fixed Asset and Current Asset.

1
29. Which of the followings have direct link with consumers ?

1
i) Agent ii) Wholesalers iii) Consumer
30. ________________ means transfer of the instrument to another person.

1
i) Withdrawal ii) Exchange iii) Endorsement.
31. Arithmetic accuracy of books of Accounts can be checked by preparing ________

1
a) Trial Balance b) Profit & Loss Account c) Balance Sheet

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32. Closing stock is generally valued _____________

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a) at cost price b) at market price c) at cost or market price whichever is less
33. The item on the Dr. side of trading account is __________.

1
a)Closing Stock
b) Purchase
c) Closing stock
34. Goodwill is an example of ________________.

1
a)Tangible Assets
b) Intangible Assets
c) Current Assets

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