OCM FEBRUARY 2019 BOARD PAPER SOLUTION HSC XII STANDARD

OCM FEBRUARY 2019 BOARD PAPER SOLUTION HSC XII STANDARD

Q. 1. A. Select the proper option from the probable options given below and rewrite the complete statements:

1. The Karta in Joint Hindu Family Business has ________ liability.

(a) unlimited

(b) limited

(c) joint

(2) Perishable goods are stored in __________

(a) bonded warehouses

(b) duty paid warehouses

(c) cold storage warehouses

(3) The process of contracting a business function to someone else is called as __________

(a) e-business

(b) outsourcing

(c) trading

(4) To maintain safety of investment is responsibility of business organisation towards ________.

(a) community

(b) investors

(c) employees.

(5) According to the principles of _______________ all employees should be given same treatment.

(a) authority

(b) discipline

(c) equity

(B) Match the following words from group 'A' and 'B' (5)

Group 'A'	Group 'B'
(a) Co - operative society	(1) 1986
(b) e- business	(2) Primary function of management
(c) Consumer protection act	(3) Father of modern management
(d) F.W. Taylor	(4) 1956
(e) Planning	(5) Profit objective
	(6) Outsourcing
	(7) Father of scientific management
	(8) Electronic business
	(9) End function of management
	(10) Service objective

(C) Write only a word or a phrase or a term which can substitute the following statements. (5)

(1) 'One man show' type of business organisation.

Ans. Sole Trading concern.

(2) The principle of insurance under which the insurer and insured must show complete faith towards each other.

Ans. Principle of Utmost Good Faith (Uberrimae Fidei)

(3) Duties, obligations of business organisation directed towards welfare of society.

Ans. Responsibility towards society.

(4) A consumer dispute redressal agency that handles claims upto Rs. 20 lakhs.

Ans. District Forum

(5) A process where managers instruct, guide and communicate with employees.

Ans. Directing function of management.

Q. 2. Distinguish between the following: (Any Three)  [15]

(1) Partnership firm and Joint stock company.

(2) Road transport and Air transport.

(3) District forum and State commission.

(4) Private company and Public Company.

(5) Staffing and Controlling.

Q. 3. Write short notes on the following. (Any Three)  [15]

(1) Merits of Co - operative society.

(2) Disadvantages of e - business.

(3) Elements of business ethics.

(4) Rights of consumers.

(5) Nature of planning.

Q. 4. State with reasons whether the following statements are True or False. (any Three) [15]

(1) There is no limit for membership in Joint Hindu Family Business.

(2) Overdraft facility is given to savings account holder.

(3) Credit cards are mostly used for online payment.

(4) Consumer being the king of the market does not have any responsibility.

(5) Principles of management are rigid.

Q. 5. Write short answers of the following. (Any Two) [10]

(1) State the importance of coordination.

(2) State the responsibilities of business organisation towards employees.

(3) State Henry Fayol's any five principles of management.

(4) State the function of entrepreneur.

Q. 6. Define sole trading concern. Explain its merits and demerits.

OR

Define Insurance. Explain the various principles of insurance.