HSC OCM Question Paper 2020 - With SOLUTION Std 12th Commerce - Maharashtra Board

HSC OCM Question Paper 2020

With SOLUTION Std 12th Commerce - Maharashtra Board



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

(1) The liability of Karta in a Joint Hindu Family Firm is _______. (a) unlimited (b) limited (c) joint

(2) In India railways are owned and managed by_______. (a) private companies (b) government (c) individuals

(3) In the modern competitive market, consumers are regarded as the _______. (a) king (b) representative (c) superintendent

(4) Henry Fayol is called the father of _______ management. 

(a) modern (b) scientific (c) technical

(5) Ultimate goal of business must be satisfaction of the _______. (a) shareholders (b) consumers (c) owners

(B) Match the words from the following group ‘A’ and group ‘B’ correctly:

Group ‘A’ 

Group ‘B’

(a) Common seal

(b) E-business

(c) Principle of unity of command

(d) Cold storage

(e) Controlling

(1) One man many bosses

(2) Perishable goods

(3) Primary function of management

(4) Joint stock company

(5) Electronic business

(6) Last function of management

(7) One man one boss

(8) Partnership firm

(9) Encryption

(10) Durable goods

(C) Write a word / phrase / term which can substitute the following statements:

(1) ‘Duties, obligations of business directed towards welfare of the society. Sol: -  Social Responsibility of Business towards the welfare of society

(2) A partner in a partnership firm who takes active participation in day-to-day work. Sol: -  Active Partner

(3) The right of a consumer which allows him to express his reviews. Sol: -  “Right to Be Heard”

(4) Name of the modern process of contracting a business function to someone else. Sol: -  Outsourcing

(5) A function of management where managers instruct, guide and communicate with the employees. Sol: -  Directing

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

(1) Sole trading concern and Partnership firm. 

(2) Current account and Savings account 

(3) District forum and State commission. 

(4) Planning and Controlling

(5) Co-operative society and Joint stock company

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

(1) Disadvantages of e-business

(2) Importance of consumer protection

(3) Types of life insurance policies

(4) Significance of principles of management

(5) Social responsibilities of business organizations towards the government. 

Q.4. State with reasons whether the following statements are True or False (Any THREE):                                                         [15] 

(1) Maximization of profit is the main motto of co-operative society. (2) The Consumer Protection Act was passed in the interest of the sellers

(3) Rail transport provides door-to-door services. 

(4) E-business allows you to work in any field across the globe

(5) Business organizations are liable to control pollution. 

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

(1) State the types of warehouses

(2) State the types of partners. 

(3) State the functions of an entrepreneur

(4) State Henry Fayol’s ‘any five’ principles of management. 

Q.6. Define ‘co-operative society’. Explain the features of a co-operative society.        [10] 


Define ‘controlling’. Explain the importance of controlling.