Showing posts with label July 2022. Show all posts
Showing posts with label July 2022. Show all posts

Maharashtra Board HSC Biology July 2022 Question Paper Solution

Board Question Paper: July 2022 - Biology

Max. Marks: 70 | Time: 3 Hrs.

SECTION − A

Q.1. Select and write the correct answer for the following multiple choice type of questions:

(i) In lac operon the structural gene z codes for _______ enzyme.

  • (a) \(\beta\)-galactosidase
  • (b) \(\beta\)-galactoside permease
  • (c) transacetylase
  • (d) RNA polymerase
Answer: (a) \(\beta\)-galactosidase

(ii) The special hygroscopic tissue found in the aerial roots of some epiphytic plants is _______.

  • (a) velamen
  • (b) epiblema
  • (c) endodermis
  • (d) xylem
Answer: (a) velamen

(iii) Due to specific mating behaviour, the members of population do not mate in _______ type of isolation.

  • (a) Ecological
  • (b) Seasonal
  • (c) Ethological
  • (d) Mechanical
Answer: (c) Ethological

(iv) The sequence of nitrogenous bases on DNA molecule is ATCGA. Which of the following is the correct complementary sequence of nitrogenous bases on mRNA Molecule?

  • (a) TAGCT
  • (b) TAGCA
  • (c) UAGCU
  • (d) UACGU
Answer: (c) UAGCU

(v) The oral vaccine for prevention of typhoid recommended by WHO is _______.

  • (a) typhoid polysaccharide
  • (b) typhin V
  • (c) typherix
  • (d) Ty21a
Answer: (d) Ty21a

(vi) The large holes in Swiss cheese are developed due to the production of large amounts of _______.

  • (a) \(O_2\)
  • (b) \(CO_2\)
  • (c) \(N_2\)
  • (d) \(H_2\)
Answer: (b) \(CO_2\)

(vii) Miyawaki is a method of plantation adapted by the government for the project mission Harit Kranti from the country.

  • (a) Japan
  • (b) Bhutan
  • (c) China
  • (d) America
Answer: (a) Japan

(viii) In ecological succession, the _______ community does not evolve further.

  • (a) seral
  • (b) pioneer
  • (c) intermediate
  • (d) climax
Answer: (d) climax

(ix) Which of the following sets or organisms are used as cloning organisms in plant biotechnology?

  • (a) E.coli and Rhizobium
  • (b) E.coli and Agrobacterium tumefaciens
  • (c) Azobacterium and Rhizobium
  • (d) E.coli and Azobacterium
Answer: (b) E.coli and Agrobacterium tumefaciens

(x) Aspergillus niger is the microbial source of _______.

  • (a) Vitamin C
  • (b) Vitamin B2
  • (c) Vitamin B12
  • (d) Vitamin B6
Answer: (a) Vitamin C

(Note: While A. niger is primarily the source of Citric Acid, in the context of Maharashtra Board textbook curriculum, it is associated with the production process of Vitamin C.)

HSC Biology

Q.2. Answer the following questions:

(i) Write the name of the small molecule required to initiate / start the process of synthesis of new complementary strand during replication of DNA.

Answer: RNA Primer

(ii) Name the country where industrial melanism was observed in moths due to industrialization.

Answer: Great Britain (England / UK)

(iii) Give the other name for epidermal cells in roots of plants.

Answer: Epiblema cells (or Rhizodermis)

(iv) Name the hormone used for early rooting in propagation by cutting.

Answer: Auxin (specifically Indole Butyric Acid [IBA] or Naphthalene Acetic Acid [NAA])

(v) In human pharynx, there is a set of lymphoid organs called _______.

Answer: Tonsils

(vi) State the other name for Dentist’s nerve.

Answer: Trigeminal nerve (V Cranial Nerve)

(vii) Name the type of Mycorrhiza that grows in between and within the cortical cells of root.

Answer: Endomycorrhiza (or VAM - Vesicular Arbuscular Mycorrhiza)

(viii) Identify the part labelled ‘A’ in the given diagram:

Blastocyst Diagram Placeholder

(Diagram shows a Blastocyst where A points to the outer layer of cells)

Answer: Trophoblast

SECTION − B

Attempt any EIGHT of the following questions:

Q.3. Sketch and label the diagram of ovule most commonly seen in angiosperms.

Answer:

The most common type is the Anatropous Ovule.

diagram of ovule most commonly seen in angiosperms [Diagram of Anatropous Ovule]
Key Labels required:
1. Funiculus
2. Hilum
3. Integuments (Outer and Inner)
4. Micropyle
5. Nucellus
6. Embryo Sac (Female Gametophyte)
7. Chalaza

Q.4. Explain “Law of dominance” with suitable example.

Answer:

Law of Dominance: It states that when two homozygous individuals with one or more sets of contrasting characters are crossed, the alleles (characters) that appear in the F1 generation are called dominant and those that do not appear in F1 are called recessive.

Example: In Pea plants, when a pure tall plant (TT) is crossed with a pure dwarf plant (tt):

  • Parents: Tall (TT) x Dwarf (tt)
  • Gametes: (T) and (t)
  • F1 Generation: Tt (All plants are Tall)

Here, the character 'Tallness' appears in the F1 generation, so it is dominant, while 'Dwarfness' is suppressed, so it is recessive.

Q.5. A woman is unable to conceive due to blockage in her upper segment of oviduct. State the infertility treatment to be given to her and describe it.

Answer:

Treatment: In Vitro Fertilization (IVF) or Test Tube Baby technique.

Description:

  • In this method, the ova from the wife (or donor) and sperms from the husband (or donor) are collected.
  • Fertilization is induced outside the body in a laboratory culture medium (simulating body conditions).
  • The zygote or early embryo (up to 8 blastomeres) is then transferred into the fallopian tube (ZIFT - Zygote Intrafallopian Transfer) or if it has more than 8 blastomeres, it is transferred into the uterus (IUT - Intra Uterine Transfer) for further development.

Q.6. Identify the types of chromosomal aberrations in the following figures A, B, C, D:

Identify the types of chromosomal aberrations in the following figures A, B, C, D [Diagram of hromosomal aberrations]
Answer:
  • A: Deletion (Loss of a segment of chromosome).
  • B: Duplication (A segment of chromosome is repeated).
  • C: Inversion (A segment of chromosome breaks and rejoins in reverse direction).
  • D: Translocation (Exchange of segments between non-homologous chromosomes).

Q.7. The process of transcription takes place on a part of DNA molecule known as transcription unit. Draw a well labelled diagram of the same showing different regions of the unit.

Answer:
Diagram of Transcription Unit [Diagram of Transcription Unit]
Labels required:
1. Promoter (at 5' end of coding strand)
2. Structural Gene
3. Terminator (at 3' end of coding strand)
4. Template Strand (3' to 5' polarity)
5. Coding Strand (5' to 3' polarity)

Q.8. Identify labels A, B, C, D:

Diagram of Transcription Unit

(Refer to Oogenesis diagram in the question paper)

Answer:
  • A: Primary Oocyte (2n)
  • B: Secondary Oocyte (n)
  • C: Ovum / Ootid (n)
  • D: Second Polar Body (n)

Q.9. Match the pairs and rewrite:

Answer:
Column I Column II
(a) Connecting link between ape and man (4) Australopithecus
(b) Ape man (1) Homo erectus
(c) Handy man like (2) Homo habilis
(d) Advanced prehistoric man (3) Neanderthal man

Q.10. Define polyembryony. State its different types.

Answer:

Definition: The phenomenon of development of more than one embryo inside the seed is called polyembryony.

Types:

  1. Simple Polyembryony: Due to fertilization of more than one egg cell.
  2. Cleavage Polyembryony: Due to splitting of the proembryo.
  3. Adventive Polyembryony: Embryos develop from diploid cells of nucellus or integuments (e.g., Citrus, Mango).

Q.11. Which are the major abiotic factors that influence habitat?

Answer:

The major abiotic factors are:

  1. Temperature: Affects enzyme kinetics and basal metabolism.
  2. Water: Essential for life; affects productivity and distribution.
  3. Light: Required for photosynthesis and photoperiodism.
  4. Soil (Edaphic factors): Composition, grain size, and aggregation determine vegetation.

Q.12. Identify A and B in the given diagram and explain T wave.

Diagram of Transcription Unit
Answer:
  • A: P-wave (represents atrial depolarization).
  • B: QRS complex (represents ventricular depolarization).

Explanation of T wave: It represents ventricular repolarization. It marks the return of the ventricles from an excited to a normal state (relaxation phase). The end of the T-wave marks the end of systole.

Q.13. Water acts as a thermal buffer. Justify the statement.

Answer:

Water acts as a thermal buffer because:

  • It has a high specific heat capacity, meaning it can absorb or lose a large amount of heat with only a small change in its own temperature. This helps in maintaining a constant body temperature.
  • It has a high heat of vaporization, allowing organisms to cool down efficiently through evaporation (sweating/transpiration) without losing excessive body fluid.
  • It has high heat of fusion, preventing body fluids from freezing easily.

Q.14. The following diagram indicates which type of interaction? Write a note on the same.

Diagram of Transcription Unit
Answer:

Interaction Type: Mutualism (Specifically, a Lichen).

Note:

  • The diagram shows an intimate association between Algae (phycobiont) and Fungi (mycobiont).
  • This is an example of Mutualism where both species benefit.
  • The algae prepare food through photosynthesis for the fungus.
  • The fungus provides shelter and absorbs water and minerals from the soil for the algae.

SECTION − C

Attempt any EIGHT of the following questions:

Q.15. Suresh is doing his studies on a plant related to absorption of water. He found different forms of water available in the soil.

(i) Name them.
(ii) Which form of water is absorbed by the plants?
(iii) Name the region in the soil from where roots absorb water.

Answer:

(i) Forms of soil water: Gravitational water, Hygroscopic water, Combined water, and Capillary water.

(ii) Absorbed form: Capillary water.

(iii) Region: Rhizosphere (specifically the Zone of Absorption or Root Hair Zone).

Q.16. Name the stress hormone in plants. Describe its physiological effects.

Answer:

Name: Abscisic Acid (ABA).

Physiological Effects:

  • Stomatal Closure: It induces closure of stomata during water stress (drought) to reduce transpiration.
  • Seed Dormancy: It induces dormancy in seeds and buds to withstand unfavorable conditions.
  • Abscission: It promotes the abscission (falling) of leaves, flowers, and fruits.
  • Inhibition of Growth: It generally acts as a growth inhibitor.

Q.17. (a) Sketch and label the diagram of brain to show ventricles in coronal plane.
(b) Name the cavity which is continuation of IV ventricle.

Answer:

(a) Diagram:

Neat labelled diagram of Sketch of Brain Ventricles. - Biology [Sketch of Brain Ventricles]
Labels: Lateral Ventricles, Third Ventricle (Diocoel), Fourth Ventricle (Metacoel), Foramen of Monro, Iter.

(b) Cavity: The central canal of the spinal cord is the continuation of the IV (fourth) ventricle.

Q.18. Complete the following chart and rewrite:

Complete the following chart and rewrite
Answer:
Blood Group Genotype Antigen on Surface of RBC Antibody in serum
A \(I^A I^A\) or \(I^A I^O\) A Anti-B (b)
B \(I^B I^B\) or \(I^B I^O\) B a (Anti-A)
AB \(I^A I^B\) A and B (Nil)
O \(I^O I^O\) (Nil) Anti-A and Anti-B (a and b)

Q.19. Explain the various steps of biogas production.

Answer:

Biogas production involves anaerobic digestion in three stages:

  1. Hydrolysis (Solubilization): Complex organic polymers (cellulose, proteins, fats) are broken down into simple soluble monomers by hydrolytic bacteria (e.g., Clostridium).
  2. Acidogenesis: The monomers are converted into simple organic acids (acetic acid, formic acid) by acidogenic bacteria.
  3. Methanogenesis: Methanogenic bacteria (e.g., Methanococcus, Methanobacillus) convert the organic acids into Methane (\(CH_4\)), Carbon dioxide (\(CO_2\)), and other gases.

Q.20. How ‘melt in mouth’ vaccines are administered? Mention any two benefits of the same.

Answer:

Administration: 'Melt in mouth' vaccines are administered by placing them under the tongue or simply eating them (e.g., edible vaccines in transgenic plants/fruits) where they dissolve and are absorbed into the bloodstream.

Benefits:

  1. They eliminate the need for needles/injections, increasing patient compliance (needle-free).
  2. They can be stored at room temperature, reducing the cost and logistics of a cold chain (refrigeration).

Q.21. Enumerate or enlist the various levels of biodiversity. Explain any one of it.

Answer:

Levels of Biodiversity:

  1. Genetic Diversity
  2. Species Diversity
  3. Ecological (Ecosystem) Diversity

Explanation (Genetic Diversity):

It refers to the variation in genes within a particular species. It allows a population to adapt to changing environments. For example, there are thousands of varieties of rice or mangoes in India, which differ in their genetic makeup.

Q.22. Write down various sequential stages of hydrarch succession in plants after phytoplankton stage.

Answer:

The sequential stages after the Phytoplankton stage are:

  1. Submerged Plant Stage: (e.g., Hydrilla, Vallisneria)
  2. Submerged Free-Floating Plant Stage: (e.g., Pistia, Eichhornia)
  3. Reed-Swamp Stage (Amphibious stage): (e.g., Typha, Sagittaria)
  4. Marsh-Meadow Stage: (e.g., Cyperus, Grasses)
  5. Scrub Stage: (Shrubs like Salix)
  6. Climax Forest: (Trees / Mesophytic vegetation)

Q.23. With the help of a suitable example, write the mechanism of hormone action through membrane receptors.

Answer:

This mechanism is for peptide/protein hormones (e.g., FSH, Insulin) which cannot cross the cell membrane.

Mechanism:

  1. Binding: The hormone (First Messenger) binds to a specific receptor on the cell membrane to form a Hormone-Receptor Complex.
  2. Activation: This complex triggers the release of an enzyme (like Adenylate cyclase).
  3. Second Messenger: The enzyme converts ATP into cyclic AMP (cAMP) or releases \(Ca^{++}\). cAMP acts as the Second Messenger.
  4. Biochemical Response: The second messenger activates intracellular enzyme systems that regulate cellular metabolism, leading to the specific physiological response.

Example: FSH binds to ovarian cell membrane receptors -> generates cAMP -> promotes ovarian follicle growth.

Q.24. Classify the given proteins produced by rDNA technology to treat various diseases in human and rewrite as shown in the table:

Answer:
Disorders / Diseases / Health Conditions Recombinant Protein (s)
Atherosclerosis Platelet derived growth factor
Anaemia Erythropoietin
Parturition Relaxin
Blood clots Tissue plasminogen activator
Diabetes Insulin
Haemophilia A Factor VIII
Haemophilia B Factor IX

Q.25. Write a note on transport of carbon dioxide by bicarbonate ions at tissue level.

Answer:

About 70% of \(CO_2\) is transported in this form.

  • In RBCs, \(CO_2\) reacts with water in the presence of the enzyme Carbonic Anhydrase to form Carbonic acid (\(H_2CO_3\)).
  • \(H_2CO_3\) is unstable and dissociates into Bicarbonate ions (\(HCO_3^-\)) and Hydrogen ions (\(H^+\)).
  • The \(HCO_3^-\) ions diffuse out of the RBCs into the plasma.
  • To maintain ionic balance, Chloride ions (\(Cl^-\)) move from plasma into the RBCs. This is called the Chloride Shift or Hamburger Phenomenon.
  • This process allows blood to carry \(CO_2\) efficiently to the lungs.

Q.26. Anita observed apical dominance in her plant. Name and describe the plant hormone that will reverse the effect.

Answer:

Name: Cytokinin.

Description:

  • Cytokinins promote cell division (cytokinesis).
  • They counteract apical dominance induced by Auxins.
  • By applying Cytokinins, the growth of lateral buds is stimulated even in the presence of the apical bud, making the plant bushy.

SECTION − D

Attempt any THREE of the following questions:

Q.27. (a) Kabban Park in Bengaluru is having dull flowers with strong fragrance, abundant nectar and edible pollen grains. Identify the type of pollination, the flowers are adapted for.
(b) The process of fruit formation without fertilization is termed as _______.
(c) Differentiate between albuminous and exalbuminous seeds.

Answer:

(a) Type of Pollination: Chiropterophily (Pollination by Bats). The characteristics (dull color, strong fragrance, abundant nectar) are adaptations for nocturnal pollinators like bats.

(b) Parthenocarpy.

(c) Difference:

Albuminous (Endospermic) Seeds Exalbuminous (Non-endospermic) Seeds
Endosperm persists in the mature seed. Endosperm is completely consumed during embryo development.
Food is stored in the endosperm. Food is stored in the cotyledons.
Example: Maize, Castor, Wheat. Example: Pea, Bean, Gram.

Q.28. Give reasons :
(a) Though fertilization takes place in the ampulla of fallopian tube, implantation of embryo takes place after reaching the uterus only.
(b) Corpus luteum persists in the ovary after fertilization.
(c) Explain the role of oxytocin hormone and describe the dilation stage of parturition.

Answer:

(a) Reason: The fertilized egg (zygote) undergoes cleavage as it moves towards the uterus. It takes about 4-7 days to form a blastocyst. Implantation requires the blastocyst stage and a prepared uterine endometrium, which prevents ectopic pregnancy and ensures proper nourishment.

(b) Reason: After fertilization, the trophoblast cells of the embryo secrete hCG (Human Chorionic Gonadotropin). This hormone signals the Corpus Luteum to persist and continue secreting Progesterone, which is essential to maintain the endometrium and the pregnancy until the placenta takes over.

(c) Oxytocin and Dilation Stage:

  • Role of Oxytocin: It acts on the uterine muscles and causes stronger uterine contractions (Labor pains). This creates a positive feedback loop leading to expulsion of the baby.
  • Dilation Stage: This is the first stage of parturition. Uterine contractions begin from the top. The cervix dilates (opens) fully (up to 10cm). The amniotic sac ruptures, releasing amniotic fluid. This stage lasts for about 12 hours.

Q.29. Give the graphic representation of back cross and test cross. Differentiate between them.

Answer:

Graphic Representation:

Let T = Tall (Dominant), t = Dwarf (Recessive). F1 Hybrid = Tt.

  • Back Cross: F1 Hybrid (Tt) x Any Parent (TT or tt).
  • Test Cross: F1 Hybrid (Tt) x Recessive Parent (tt).

Differentiation:

Back Cross Test Cross
Cross between F1 hybrid and any one of the parents (Dominant or Recessive). Cross between F1 hybrid and the homozygous recessive parent only.
Used to improve breeds or traits. Used to determine the unknown genotype of the F1 hybrid.
All test crosses are back crosses. All back crosses are not test crosses.

Q.30. (a) Name the nerve fibres internally connecting the cerebral hemispheres.
(b) Name the sulci which divide each cerebral hemisphere into 4 lobes.
(c) Describe the various functional areas found in the different lobes of cerebral hemispheres.

Answer:

(a) Connection: Corpus callosum.

(b) Sulci:

  • Central Sulcus (divides Frontal and Parietal).
  • Lateral Sulcus (divides Frontal/Parietal and Temporal).
  • Parieto-occipital Sulcus (divides Parietal and Occipital).

(c) Functional Areas:

  • Frontal Lobe: Motor area (voluntary movements), Broca’s area (speech production), Association area (intellect, memory).
  • Parietal Lobe: Somatosensory area (sensation of pain, touch, temperature, pressure).
  • Temporal Lobe: Auditory area (hearing), Wernicke’s area (understanding speech/language), Olfactory area (smell).
  • Occipital Lobe: Visual area (vision and visual interpretation).

Q.31. (a) Describe the structure of lymphocytes and mention its types.
(b) Name the disorder caused due to abnormal and uncontrolled increase in number of WBCs.
(c) State the functions of neutrophils.

Answer:

(a) Structure & Types of Lymphocytes:

  • Structure: They are agranulocytes with a large, spherical nucleus and very little peripheral cytoplasm. They constitute 25-30% of WBCs.
  • Types:
    1. B-Lymphocytes: Mature in bone marrow; produce antibodies (humoral immunity).
    2. T-Lymphocytes: Mature in thymus; responsible for cell-mediated immunity (Helper T, Cytotoxic T, Suppressor T, Memory T cells).

(b) Disorder: Leukemia (Blood Cancer).

(c) Functions of Neutrophils:

  • They are the first line of defense against pathogens.
  • They perform phagocytosis (engulfing and destroying bacteria/pathogens).
  • They release pus after dying at the site of infection.
Question Paper Page No. 1 Question Paper Page No. 2 Question Paper Page No. 3 Question Paper Page No. 4 Question Paper Page No. 5 Maharashtra Board Resources

Maharashtra Board HSC Secretarial Practice Question Paper Solution July 2022

Board Question Paper : July 2022

Secretarial Practice - Solutions

Time: 3 Hrs. | Max. Marks: 80

Q.1. (A) Select the proper option from the options given below and rewrite the sentences: [5 Marks]
(1) _______ refers to any kind of fixed assets.

Options: (a) Authorised Capital (b) Issued Capital (c) Fixed Capital

Answer: (c) Fixed Capital refers to any kind of fixed assets.
(2) The holder of bond is _______ of the company.

Options: (a) secretary (b) owner (c) creditor

Answer: The holder of bond is (c) creditor of the company.
(3) _______ protects the interest of debenture holders.

Options: (a) Debenture trustees (b) Debenture holders (c) Redemption reserve

Answer: (a) Debenture trustees protects the interest of debenture holders.
(4) Dividend is recommended by _______.

Options: (a) Board of Directors (b) Shareholders (c) Depositors

Answer: Dividend is recommended by (a) Board of Directors.
(5) Money market is a market for lending and borrowing of funds for _______ term.

Options: (a) short (b) medium (c) long

Answer: Money market is a market for lending and borrowing of funds for (a) short term.

Secretarial Practice Board Papers

Q.1. (B) Write a word / term / phrase which can be substituted for each of the following statements: [5 Marks]
(1) The value of share which is written on the share certificate.
Answer: Face Value
(2) Highest bid price in Book Building Method.
Answer: Cap Price
(3) Company which can accept deposits from public upto 35% of its paid-up share capital and free reserves.
Answer: Eligible Public Company
(4) The shareholders who get dividend at a fluctuating rate.
Answer: Equity Shareholders
(5) The first stock exchange in India to be recognized under the Securities Contracts Regulation Act.
Answer: Bombay Stock Exchange (BSE)
Q.1. (C) State whether the following statements are true or false: [5 Marks]
(1) Fixed capital is also referred as circulating capital.
Answer: False (Fixed capital is permanent capital; Working capital is circulating capital).
(2) Sweat equity shares are offered to directors or employees of a company.
Answer: True.
(3) Payment of interest on debentures does not depend on the profits of the company.
Answer: True.
(4) IEPF is the fund created by company.
Answer: False (IEPF is established by the Central Government).
(5) A stock exchange is a reliable barometer to measure the economic condition of a country.
Answer: True.
Q.1. (D) Select the correct option from the bracket: [5 Marks]

(Retained earnings, funds for long term, charge on assets, At annual general meeting, Creditor of the company)

Completed Table:
Group 'A' Group 'B'
(a) Secured debentures (1) Charge on assets
(b) Retained earnings (2) Accumulated corporate profit
(c) Depositor (3) Creditor of the company
(d) At annual general meeting (4) Final Dividend
(e) Capital Market (5) funds for long term
Q.2. Explain the following terms / concepts (Any FOUR): [8 Marks]
(1) Financial market
A financial market is a market where financial assets such as shares, debentures, bonds, etc., are exchanged. It acts as an intermediary between investors (who have surplus funds) and borrowers (who need funds for investment). It facilitates the mobilization of savings into productive channels.
(2) Final dividend
Final dividend is the dividend that is declared and paid by the company for the complete financial year after the closure of books of accounts. It is recommended by the Board of Directors and approved by the shareholders in the Annual General Meeting.
(3) Deposit receipt
A Deposit Receipt is a document issued by a company to a depositor as evidence of the receipt of money as a deposit. It contains details like the name of the depositor, amount of deposit, rate of interest, and date of repayment. It must be issued within 21 days from the date of receipt of money.
(4) Employees stock option scheme (ESOS)
ESOS is a scheme where a company offers its permanent employees, directors, or officers the option to purchase equity shares of the company at a future date at a pre-determined price. The price is usually lower than the prevailing market price to incentivize employees.
(5) Owned capital
Owned capital refers to the capital raised by a company with the help of owners (shareholders). It is the permanent capital of the company. It consists of Equity shares, Preference shares, and Retained Earnings. It does not create any charge on the assets of the company.
(6) Working capital
Working capital is the capital required for the day-to-day operations of the business. It is also known as circulating capital. It is calculated as Current Assets minus Current Liabilities. It is used for purchasing raw materials, paying wages, and meeting overhead expenses.
Q.3. Study the following case / situation and express your opinion (Any TWO): [6 Marks]
(1) Gold Ltd. Company has recently come out with its public offer through FPO. Their issue was oversubscribed. The Board of Directors now wants to start the allotment process.
Opinion:
  • (a) Is Gold Ltd. Company a listed company?
    Yes, Gold Ltd. is a listed company because it has come out with an FPO (Follow-on Public Offer), which is an issue of shares by an existing listed company to the public.
  • (b) How should the company inform the applicants to whom the company is allotting shares?
    The company should inform the applicants by sending a "Letter of Allotment" (or via SMS/Email in case of electronic mode).
  • (c) Within what period should the company issue share certificate?
    The company must issue share certificates within two months from the date of allotment of shares.
(2) GCC financial plans to raise ` 10 crores by issuing secured, non-convertible debentures. However, as per the Articles of Association, the Board of Directors has authority only to raise upto ` 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following–
Opinion:
  • (a) What can be the maximum tenure of the debentures to be issued?
    The maximum tenure of secured debentures can be 10 years (or up to 30 years for infrastructure companies).
  • (b) Is the proposed issue within the borrowing powers of the Board?
    No, the proposed issue of ` 10 crores is beyond the borrowing powers of the Board (limit is ` 5 crores). They will need shareholder approval via a Special Resolution.
  • (c) Within what period should the company issue Debenture certificate?
    The company should issue the Debenture certificate within 6 months from the date of allotment of debentures.
(3) Mr “S” holds 50 equity shares of Peculiar Company Ltd. in Demat form. The company has issued Bonus shares in the ratio of 1 : 1 to its shareholders:
Opinion:
  • (a) Will Mr. “S” get Bonus shares in physical or Demat form?
    Mr. "S" will get Bonus shares in Demat form since his existing holding is in Demat form.
  • (b) Who is entitled to Bonus shares: Mr “S” or the Depository (NSDL)?
    Mr. "S" is the Beneficial Owner, so he is entitled to the Bonus shares. The Depository (NSDL) is merely the registered owner on behalf of the investor.
  • (c) Will holding shares in Demat form result in quick transfer of these shares?
    Yes, holding shares in Demat form results in immediate and quick transfer of shares without stamp duty or paperwork.
Q.4. Distinguish between the following (Any THREE): [12 Marks]
(1) Rights shares and Bonus shares.
Point of Difference Rights Shares Bonus Shares
Meaning Shares offered to existing equity shareholders in proportion to their existing holding, usually at a discounted price. Shares issued free of cost to existing equity shareholders out of accumulated profits.
Payment Shareholders have to pay for these shares. Shareholders do not have to pay; they are free of cost.
Purpose Issued to raise fresh capital for the company. Issued to capitalize accumulated profits or reserves.
Renunciation Shareholders can renounce (give up) their rights in favor of others. Shareholders cannot renounce bonus shares.
(2) Dividend and Interest.
Point of Difference Dividend Interest
Meaning It is the return paid to the shareholders for their investment in shares. It is the return paid to creditors (debenture holders, depositors) for the loan provided.
Nature It is an appropriation of profit. It is a charge against profit.
Certainty It is not certain; it is paid only when the company earns profit (except for fixed pref. dividend). It is certain and fixed; it must be paid regardless of profit or loss.
Status It is paid to the owners of the company. It is paid to the creditors of the company.
(3) Transfer of shares and Transmission of shares.
Point of Difference Transfer of Shares Transmission of Shares
Meaning Voluntary passing of property in shares from one person to another by contract. Passing of title of shares by operation of law due to death, insolvency, or insanity.
Nature It is a voluntary act of the shareholder. It is an involuntary action (automatic process of law).
Consideration Usually involves monetary consideration (sale). No monetary consideration is involved.
Stamp Duty Stamp duty is payable on the transfer deed. No stamp duty is payable.
(4) Primary market and Secondary market.
Point of Difference Primary Market Secondary Market
Meaning Market where new securities are issued by companies for the first time. Market where existing securities are bought and sold.
Also known as New Issue Market. Stock Exchange.
Price Determination Prices are determined by the management of the company. Prices are determined by forces of demand and supply.
Parties involved Company and Investors. Investors and Investors (buying and selling among themselves).
Q.5. Answer in brief (Any TWO): [8 Marks]
(1) State the provisions for Rights Issue.

The provisions for Rights Issue are as follows:

  • Priority: Rights shares must be offered to existing equity shareholders first.
  • Ratio: They are offered in proportion to the paid-up share capital held by shareholders at the time of the issue.
  • Letter of Offer: The company must send a 'Letter of Offer' to the shareholders.
  • Time Limit: The offer must be open for a minimum of 15 days and a maximum of 30 days.
  • Right to Renounce: Shareholders have the right to accept, reject, or renounce the offer in favor of another person.
  • Price: The price of rights shares is usually less than the market price.
(2) State any four factors affecting fixed capital requirement.

Factors affecting fixed capital requirement include:

  1. Nature of Business: Manufacturing and public utility companies need huge fixed capital for plant and machinery, whereas trading concerns need less.
  2. Size of Business: Large-scale operations require higher investment in fixed assets compared to small-scale businesses.
  3. Scope of Business: Firms involved in complete production processes need more fixed capital than those that only assemble parts.
  4. Mode of Acquisition: If assets are purchased, more capital is needed. If assets are leased or rented, fixed capital requirement is lower.
  5. Future Growth: Companies planning expansion or diversification need more fixed capital.
(3) Explain four advantages of depository system to the company.

The advantages of the depository system to the company are:

  1. Up-to-date Records: The company gets updated information about shareholders and their holdings from the depository, aiding in better communication.
  2. Cost Saving: The company saves costs on printing certificates, postage, and handling transfer documents.
  3. No Stamp Duty: The company does not need to handle stamp duty payments on transfers.
  4. Faster Distribution: Distribution of dividends and bonus shares becomes quicker and easier through electronic credits.
  5. Reduced Workload: The administrative workload of the secretarial department regarding share transfers and transmission is significantly reduced.
Q.6. Justify the following statements (Any TWO): [8 Marks]
(1) Depository provides easy and quicker transfer of shares.
Justification:
  • In the depository system, shares are held in electronic (dematerialized) form.
  • There is no need for physical handling of share certificates or filling out transfer deeds.
  • Transfer of shares is effected electronically by passing entries in the accounts of the buyer and seller.
  • There is no stamp duty involved, and the process is immediate, eliminating postal delays or bad deliveries.
  • Therefore, the depository system makes the transfer process very easy and quick.
(2) Stock exchanges work for the growth of the Indian economy.
Justification:
  • Stock exchanges mobilize the savings of the public and channel them into productive industries.
  • They provide liquidity to investments, encouraging people to invest in industrial securities.
  • This capital formation helps companies expand, leading to industrialization and economic growth.
  • Stock exchanges also reflect the economic health of the country and attract foreign investment (FIIs/FDIs).
  • By facilitating capital allocation to efficient companies, they contribute directly to the GDP and economic development of India.
(3) Interest is a liability / obligation of the company.
Justification:
  • Interest is the cost of borrowing funds (debt capital) such as debentures, bonds, or deposits.
  • It is a contractual obligation that the company must fulfill regardless of its financial performance.
  • Interest is a "charge against profit," meaning it must be paid even if the company incurs a loss.
  • Failure to pay interest can lead to legal action by creditors and may force the liquidation of the company.
  • Therefore, payment of interest is a strict liability or obligation of the company.
(4) Equity share capital is risk capital.
Justification:
  • Equity shareholders are the ultimate owners but also the primary risk bearers of the company.
  • They do not get a fixed rate of dividend; dividend depends on profits. In years of loss, they may get no dividend.
  • In the event of winding up, equity capital is repaid last, only after all creditors and preference shareholders are paid.
  • If the assets are insufficient to pay creditors, equity shareholders may lose their entire investment.
  • Since their return and principal repayment are uncertain, equity share capital is rightly called risk capital.
Q.7. Attempt the following (Any TWO): [10 Marks]
(1) Write a letter to the member for the issue of share certificate.

ABC LIMITED

Registered Office: 123, Nariman Point, Mumbai - 400 021.


Phone: 022-24567890
Ref No: S/105/2022
Date: 15th July, 2022
Website: www.abcltd.com

To,
Mr. Rohan Sharma,
A-12, Green Park,
Pune - 411 004.

Subject: Issue of Share Certificate

Dear Sir,

This is to inform you that your request for a Share Certificate has been approved by the Board of Directors. In accordance with your application No. 5044, the company is pleased to issue the Share Certificate for the equity shares allotted to you.

The details of the Share Certificate are as follows:

Folio No. Certificate No. Distinctive Nos. From - To No. of Shares
R-102 4501 3001 - 3100 100

Please acknowledge the receipt of the same.

Thanking you,

Yours faithfully,
For ABC Limited

(Signature)
Company Secretary
(2) Draft a letter of allotment to debentureholder.

SUNRISE INDUSTRIES LTD.

Registered Office: 45, MIDC, Nagpur - 440 016.


Phone: 0712-2345678
Ref No: D/Allot/2022
Date: 20th July, 2022

To,
Ms. Priya Desai,
Laxmi Nagar,
Nagpur.

Subject: Allotment of Debentures

Dear Madam,

In response to your application No. D-203 dated 1st July 2022, I am directed by the Board of Directors to inform you that you have been allotted 100, 10% Secured Non-Convertible Debentures of Rs. 100/- each. The tenure of debentures is 5 years.

The details of allotment are as follows:

Folio No. No. of Debentures Applied No. of Debentures Allotted Distinctive Nos. Amount Received (Rs.)
D-505 100 100 5001 - 5100 10,000

The Debenture Certificate will be sent to you shortly.

Thanking you,

Yours faithfully,
For Sunrise Industries Ltd.

(Signature)
Company Secretary
(3) Draft a letter to depositor informing him about payment of interest through Interest Warrant.

OMEGA TRADERS LTD.

Registered Office: Plot 10, Bandra (E), Mumbai - 400 051.


Phone: 022-26541234
Ref No: Dep/Int/2022
Date: 25th July, 2022

To,
Mr. Suresh Patil,
Thane (W).

Subject: Payment of Interest on Fixed Deposit

Dear Sir,

I am instructed by the Board of Directors to inform you that interest on your Fixed Deposit @ 10% p.a. has become due. We are enclosing herewith an Interest Warrant No. 3456 dated 25th July 2022 drawn on Axis Bank, Bandra Branch, for Rs. 2,000/-.

Details of the deposit and interest are given below:

FDR No. Deposit Amount Rate of Int. Gross Interest TDS Net Amount
F-1234 Rs. 20,000 10% Rs. 2,000 Nil Rs. 2,000

Please detach the Interest Warrant along the perforated line.

Thanking you,

Yours faithfully,
For Omega Traders Ltd.

(Signature)
Company Secretary

Encl: Interest Warrant No. 3456

Q.8. Answer the following question (Any ONE): [8 Marks]
(1) What is an equity share? Explain its features.

Meaning of Equity Share:
Equity shares are those shares which are not preference shares. They are the fundamental source of financing business activities. Equity shareholders own the company and bear the ultimate risk associated with ownership. They are also known as 'Ordinary Shares'.

Features of Equity Shares:

  1. Permanent Capital: Equity shares are irredeemable. The amount received from equity shares is not refunded by the company during its lifetime. It is refunded only in the event of winding up of the company.
  2. Fluctuating Dividend: Equity shares do not have a fixed rate of dividend. The rate of dividend depends upon the profit earned by the company. If the profit is higher, the dividend is higher; if profit is low, the dividend is low or nil.
  3. Rights: Equity shareholders enjoy certain rights:
    • Right to Vote: They can vote in meetings and elect directors.
    • Right to Share in Profit: They have a right to share in the profit as dividends.
    • Right to Inspect Books: They can inspect statutory books of the company.
  4. No Preferential Right: Equity shareholders do not have a preferential right for payment of dividend or repayment of capital. They are paid only after preference shareholders are paid.
  5. Controlling Power: Since equity shareholders have voting rights, they control the management of the company. They are described as the 'real masters' of the company.
  6. Risk: Equity shareholders are the shock absorbers of the company. If the company fails, they lose their capital. Hence, it is called 'Risk Capital'.
  7. Residual Claimant: Equity shareholders are the owners of the residue earnings and assets. They get whatever is left after paying all other claims.
  8. Bonus Issue: Bonus shares are issued as a gift to existing equity shareholders out of accumulated profits.
  9. Rights Issue: When a company raises further capital, existing equity shareholders are given priority to buy new shares (Rights Issue).
(2) Explain the procedure for issue of debentures.

The procedure for the issue of debentures involves the following steps:

  1. Pass Resolution in Board Meeting: The Board of Directors must pass a resolution regarding the amount, type of debentures, terms of issue, and call for an EGM (Extraordinary General Meeting) if the borrowing limit exceeds powers.
  2. Extraordinary General Meeting (EGM): If the borrowing exceeds the limit of paid-up capital and free reserves, the shareholders' approval is required through a Special Resolution in EGM.
  3. Filing with Registrar of Companies (ROC): The company must file the special resolution and a copy of the prospectus or statement in lieu of prospectus with the ROC.
  4. Credit Rating: The company must obtain a credit rating from one or more credit rating agencies (like CRISIL, CARE). The rating must be mentioned in the offer document.
  5. Enter into Underwriting Agreement: If needed, the company enters into an agreement with underwriters to ensure the subscription of the issue.
  6. Appointment of Debenture Trustees: If the company issues a prospectus to more than 500 people, it must appoint Debenture Trustees to protect the interest of debenture holders.
  7. Issue of Prospectus / Letter of Offer: The company issues the prospectus to the public inviting them to subscribe to the debentures.
  8. Open Separate Bank Account: A separate bank account is opened in a scheduled bank to receive the application money.
  9. Receiving Application Money: Applicants submit the application form along with the money to the bank within the specified time.
  10. Board Meeting for Allotment: After the subscription list closes, a Board Meeting is held to decide the allotment of debentures. A resolution for allotment is passed.
  11. Issue of Debenture Certificates: The certificates must be issued within 6 months from the date of allotment.
  12. Making Entries in Register of Debenture Holders: The Secretary records the details of the allotment in the Register of Debenture Holders within 7 days of the Board approval.
Question Paper Page No. 1 Question Paper Page No. 2 HSC Secretarial Practice July 2022 Question Paper