March 2008
Organisation of Commerce and Management
Time : 3 Hours Marks : 100
Instructions: (i) All questions are compulsory, (ii) Figures to the right indicate full marks for the questions, (iii)Answer to every question must be started on a new page.
Q. 1(A) Select the proper option from the options given below and rewrite the sentence: (5)
1. In a Government company minimum _________ share capital is invested
(a) 51% (b) 71% (c) 61%
2. Business Organisations should supply goods of _________ quality.
(a) inferior (b) sub-standard (c) good
3. The maximum period of membership of the District Forum is _________ years.
(a) two (b) three (c) universal
4. Management Principles are _________ in nature.
(a) static (b) limited (c) universal
5. _________ means linking National economy to the World economy.
(a) Globalisation (b) Privatisation (c) Liberalisation
(B) Match the pairs from Group 'A' with Group 'B': (5)
Group 'A'
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Group 'B'
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(10) Policy Determination
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(C) Fill in the blanks and rewrite the sentences: (5)
1. 'One member one vote' is the distinguished feature of _________ organisation.
2. Businessmen are _______ of the society.
3. __________ is the King of the Market.
4. __________ is an art of getting things done through others.
5. __________ are the extreme events which cause great loss to life and property.
Q. 2 Write short notes on any THREE of the following: (15)
1. Need of Privatisation
2. Concept of Business ethics
3. Importance of Directing
4. Importance of Total Quality Management
Q. 3 Distinguish between the following. (Any THREE): (15)
1. Partnership firm and Joint stock company.
2. State commission and National commission.
3. Administration and Management.
4. Planning and Controlling.
Q. 4 State with reasons whether the following statements are TRUE or FALSE.
(Any THREE): (15)
- Sole Trading Concern operates in International market.
- Consumer Movement aims at the protection of consumer interest.
- The Professional manager does not need special knowledge and skill.
- Management is an art, a science and a profession.
Q. 5 Write short answers of the following. (Any TWO): (10)
1. State the Advantages of Globalisation.
2. Explain any 'five' Management Principles of Henry Fayol.
3. State the importance of Disaster Management.
Q. 6 Answer the following questions: (10)
Define Sole Trading Concern and explain its Merits and Demerits.
OR
What is Co-operative society?
Explain the features of a Co-operative society.
Q.7 Answer the following questions: (10)
What is Management? Explain its Nature.
OR
Define Organising.
Explain the importance of organizing in management.
Q. 8 Answer the following question: (10)
Explain the social responsibilities of Business Organisations towards the Consumers and the Government.
