Showing posts with label OCM March 2015 Board Paper with Solution.. Show all posts
Showing posts with label OCM March 2015 Board Paper with Solution.. Show all posts

OCM OCTOBER 2015 BOARD PAPER WITH SOLUTION

OCM October 2015 Board Paper With Solution

OCM OCTOBER 2015 BOARD PAPER WITH SOLUTION

Board Paper Scanned Page 1 Board Paper Scanned Page 2 Board Paper Scanned Page 3 Board Paper Scanned Page 4 Board Paper Scanned Page 5 Board Paper Scanned Page 6 Board Paper Scanned Page 7

Q1. A. Select the proper option from the options given below and rewrite the sentences:: (5)

1. A sole trading concern ensures ______________ business secrecy. (maximum)
(a) minimum (b) maximum (c) limited
2. For online transaction _______________ is required. (registration)
(a) trading (b) registration (c) business
3. Credit or Debit cards are popularly known as ____________ money. (plastic)
(a) paper (b) plastic (c) polymer
4. To make timely payment of proper taxes is the responsibility of organisation towards the ___________ (government)
(a) shareholders (b) customers (c) government
5. Under the Consumer Protection Act 1986, there is a quasi judicial consumer dispute redressal machinery for solving the complaints of the consumers. (three - tier)
(a) two-tier (b) five-tier (c) three-tier

12th OCM Board Papers (March & July 2025)

B. Match the correct pairs: [5]

Note: The table below matches items based on color coding provided in the source.

Group 'A' Group 'B'
a. Public Company 1. Father of Scientific Management
b. Henry Fayol 2. Corrective action taking.
c. Controlling 3. Commercial bank
d. Reserve Bank Of India. (R.B.I.) 4. Withdrawal after fixed period of time.
e. Fixed deposit account 5. Maximum 50 members.
6. Central Bank
7. Unlimited members
8. Father of modern management
9. Taking action against employees
10. Withdrawal before the fixed period of time.

12th OCM Board Papers (March & July 2024)

C. Write a word or a phrase or a term which can substitute each one of the following statements: [5]

1. The type of commercial organisation established for providing services to its members.
Co - operative Society.
2. Getting good quality products is the basic right of this group of society.
Consumers
3. A consumer dispute redressal agency that handles claims more than & 1 (one) crore.
National Commission
4. The statements which disclose fundamental truth of management.
Principal of Management
5. A process where in the manager instructs, guides and communicates with employees.
Directing.

12th OCM Board Papers (February & July 2023)

Q2. Distinguish between the following (Any Three) [15]

1. Partnership Firm and Joint Stock Company.
2. Current Account and Savings Account.
3. State Commission and National Commission.
4. Planning and Controlling.
5. Cooperative Society and Joint Hindu Family Firm,

12th OCM Board Papers (2014 - 2022)

  • OCM - March 2022 English Medium: View
  • OCM - March 2022 Marathi Medium: View | Answer Key
  • OCM - July 2022 English Medium: View | Answer Key
  • OCM - March 2020 English Medium: View
  • OCM - March 2020 Marathi Medium: View | Answer Key
  • OCM - March 2019: View
  • OCM - July 2018: View
  • OCM - March 2018: View
  • OCM - July 2017: View
  • OCM - March 2017: View
  • OCM - July 2016: View
  • OCM - March 2016: View
  • OCM - July 2015: View
  • OCM - March 2015: View
  • OCM - October 2014: View
  • OCM - March 2014: View

Q3. Write short notes on Any Three of the following: [15]

1. Advantages of e-business.
2. Nature of principles of management.
3. Features of co-operative society.
4. Importance of organising.
5. Principles of Insurance.

Q4. 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) E-business allows you to work across the globe in any field.
(3) Business organisation has various types of social responsibilities.
(4) ‘Lok Adalat' is one of the effective ways to resolve consumer problems.
(5) Principles of management are rigid.

Q5. Attempt the following. (Any two) [10]

(1) State the responsibilities of business towards government. -
(2) Explain the characteristics of an entrepreneur. -
(3) State the importance of co-ordinating.
(4) Explain the importance of consumer protection.

Q6. Define a sole trading concern. Explain its merits and demerits. [10]

OR Define Bank. Explain different types of banks.

OCM IMPORTANT QUESTION FOR BOARD EXAM [ALMOST 99.99% SURE QUESTIONS]

Distinguish between the following (Any Three) [15]

Bonded warehouse and Duty Paid warehouse.
Co - operative Society and Joint Stock Company
Co - Operative Society Joint Hindu Family Firm.
Cooperative society and Partnership firm.
Coordinating and Controlling.
Current Account and Fixed Deposit Account.
Current Account and Savings Account.
District forum and National commission.
District Forum and State Commission
Joint Hindu Family firm and Joint Stock company.
Joint Hindu Family Firm and Sole Trading Concern.
Organising   Directing
Organising and Coordinating.
Organising and Staffing.
Partnership and Joint Stock Company.
Planning and Controlling.
Planning and Organizing.
Private company and Public Company
Road transport and Rail transport
Road Transport and Water Transport
Savings account and Fixed Deposit Account.
Sole trading concern and Partnership firm
State commission and National Commission
Water transport and Air transport.

Write short notes on Any Three of the following

Advantages of e - business.
Advantages of outsourcing.
Any ‘five cases’ (needs) of social responsibilities of business.
Any ‘five types’ of banks.
Any ‘five’ principles of management.
Disadvantage of e – business.
Elements of business ethics.
Features/Nature of Joint Hindu Family Business.
Features/Nature of a Joint Stock Company.
Merits and limitations of air transport.
Features/Nature of co-operative society.
Features/Nature of sole trading concern.
Functions/Nature of a Warehouse.
Importance of Directing.
Importance of coordination.
Importance of organising.
Importance / significance of principles of management.
Importance of staffing.
Merits of Co - operative Society.
Nature of principles of management.
Principles of Insurance.
Rights of consumers.
Role of Transport.
Social responsibility of business organisations towards consumers.
Techniques of scientific management.
Types of partners.

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

Business ethics is not applicable to all business organisations.
A Joint Stock Company can raise huge capital.
Business organisation does not have various types of social responsibilities.
Business organisation is not responsible to control pollution.
Business should not disclose their records to investors.
Cash can be withdrawn from ATM at any time.
Co - operative society differs from other forms of commercial organisations.
Consumer Protection Act is a blessing for the consumers.
Coordination is needed at all the levels of management. [True]
E-business allows you to work across the globe in any field.
In India Consumer Protection Act is not required.
In partnership the liability of partners of a firm is unlimited.
It is easy to set up e – business as compared to traditional business. [True]
Lok Adalat' is one of the effective ways to resolve consumer problems.
Management should avoid workers' participation while making decisions.[False]
Maximisation of profit is the object of a co-operative society.
Maximum number of members in a Joint Hindu Family Firm is 20.
Planning has vital importance in the management process.
Post offices provide money remittance services.
Principles of management are rigid.
Principles of management improve the efficiency of employees.
Reserve Bank of India cannot accept deposits from public.
The Consumer Protection Act was passed in the interests of the sellers.
The ownership and management is not separated in a Joint Stock Company.
The principle of indemnity is applicable to life insurance.
Training broadens the vision of entrepreneurs.
Transport is useful in raising standard of living. [True]
e- business means using the internet to connect people and processes.

Attempt the following. (Any two) [10]

Explain the characteristics of an entrepreneur.
State any 'five principles' of management given by Henry Fayol.
State social responsibilities of business towards government.
State the principles of Scientific Management.
State the advantages of Road Transport.
State the characteristics of Entrepreneurship.
State the factors motivating the entrepreneur.
State the features of sole trading concern.
State the functions of an Entrepreneur.
State the importance of consumer protection.
State the importance of controlling.
State the importance of principles of management.
State the registration procedure for a partnership firm.
State the responsibilities of business towards employees.
State the responsibilities of consumers.
State the right of consumers.
State the social responsibilities of a business towards consumers.
State the steps involved in online transactions.
State the types of cooperative societies.
State the ways and means of consumer protection.
State the working of a Payment Gateway.

ANSWER IN BRIEF [ANY ONE] (10)

Define 'insurance'. Explain the various principles of insurance.
Define 'joint stock company'. Explain its merits and demerits.
Define Bank. Explain different types of banks.
Define Co - operative Society. Explain merits and demerits of Co - operative Society
Define Fire Insurance. Explain the various types of fire Insurance Policy.
Define Joint Stock Company and explain its features
Define Life Insurance. Explain the types of Life Insurance Policies.
Define a Sole Trading Concern. Explain its merits and demerits.
Define a partnership firm. Explain its merits and demerits.
Define commercial bank? Explain its primary functions.
Define ‘ Controlling’. Explain its importance.
Define ‘Planning’. Explain its importance.
What is organising? Explain the nature of organising.

OCM IMPORTANT DISTINGUISH BETWEEN FOR BOARD EXAM

OCM IMPORTANT SHORT NOTES FOR BOARD EXAM

OCM IMPORTANT TRUE OR FALSE WITH REASONS

OCM ANSWER THE FOLLOWING IMPORTANT FOR BOARD EXAM

OCM ANSWER IN BRIEF IMPORTANT FOR BOARD EXAM

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OCM March 2015 Board Paper with Solution.

Class 12th Maharashtra Board: OCM Solved Paper

A complete guide to understanding question patterns and writing perfect answers.

Name Page No. 1 Name Page No. 2

Q1. Objective Questions (15 Marks)

A. Select the correct option and rewrite the complete sentence. (5 Marks)

1. The Indian Partnership Act was passed in the year ___________ .
  • 1932
  • 1923
  • 1942
2. In India, railways are owned and managed by ____________.
  • Private Companies
  • The Government
  • Individuals
3. Staffing is concerned with the ____________.
  • Physical factor
  • Financial factor
  • Human factor
4. Businessmen are ___________ of the society.
  • Representatives
  • Members
  • Trustees
5. The National Commission has ___________ members in addition to the Chairman.
  • 2
  • 3
  • 4

12th OCM Board Papers (March & July 2025)

B. Match the Pairs (5 Marks)

Question:

Group 'A'

  • a. Sole trader
  • b. Life Insurance
  • c. Business ethics
  • d. Henry Fayol
  • e. Planning

Group 'B'

  • 1. Insurable interest
  • 2. Branch of Social Science
  • 3. Local Market
  • 4. Father of scientific management
  • 5. Principle of indemnity
  • 6. Father of Modern management
  • 7. Primary function of Management
  • 8. To earn profit
  • 9. Last function of Management
  • 10. National Market

Solution:

  • a. Sole trader → 3. Local Market
  • b. Life Insurance → 1. Insurable interest
  • c. Business ethics → 5. Principle of indemnity
  • d. Henry Fayol → 6. Father of Modern Management
  • e. Planning → 7. Primary function of Management

12th OCM Board Papers (March & July 2024)

C. Provide a word, phrase, or term for each statement. (5 Marks)

1. A partner who only lends their name to the partnership firm.

Nominal Partner

2. A term derived from 'e-mail' and 'e-commerce'.

e-Business

3. The consumer's right that allows them to express their views.

Right to be Heard

4. The principle of management that pertains to the fair payment of workers.

Principle of Remuneration

5. The form of electronic currency that exists only in cyberspace.

Virtual Currency

12th OCM Board Papers (February & July 2023)

Further Reading: Important Questions & Answers

The following questions link to detailed answers. Explore them to prepare thoroughly.

Q2. Distinguish between the following (Any Three) [15]

12th OCM Board Papers (2014 - 2022)

  • OCM - March 2022 English Medium: View
  • OCM - March 2022 Marathi Medium: View | Answer Key
  • OCM - July 2022 English Medium: View | Answer Key
  • OCM - March 2020 English Medium: View
  • OCM - March 2020 Marathi Medium: View | Answer Key
  • OCM - March 2019: View
  • OCM - July 2018: View
  • OCM - March 2018: View
  • OCM - July 2017: View
  • OCM - March 2017: View
  • OCM - July 2016: View
  • OCM - March 2016: View
  • OCM - July 2015: View
  • OCM - March 2015: View
  • OCM - October 2014: View
  • OCM - March 2014: View

Q3. Write short notes on the following (Any Three) [15]

Q4. State with reasons whether True or False (Any Three) [15]

Q5. Attempt the following (Any two) [10]

Q6. Answer in detail (Any One) [10]

OCM Important Questions for Board Exam

[ALMOST 99.99% SURE QUESTIONS]

Curated lists of high-priority questions:

Glossary of Important Terms

Business Ethics
The moral principles and standards that guide the behavior and decision-making of a business and its employees.
Cyberspace
The non-physical, virtual environment created by computer networks where online communication and transactions occur.
e-Business
Short for electronic business, it refers to conducting business activities, such as buying, selling, and customer service, over the internet.
Insurable Interest
A fundamental principle of insurance stating that the person buying the policy must have a direct financial stake in the subject being insured. One cannot insure something if they would not suffer a financial loss from its damage or destruction.
Nominal Partner
A person who lends their name and reputation to a partnership firm but does not contribute capital or take an active part in management. They are, however, liable to third parties for the firm's debts.
Partnership Firm
A business structure where two or more individuals (partners) agree to co-own a business and share its profits and losses according to a legal agreement.
Payment Gateway
A technology service used by merchants to securely accept debit or credit card payments from customers for online purchases. It acts as a bridge between the customer, the merchant, and the bank.
Principle of Indemnity
An insurance principle (not applicable to life insurance) stating that the insurer will only compensate the insured for the actual financial loss suffered, aiming to restore them to their original financial position, not to allow them to profit from the loss.
Principle of Remuneration
A management principle asserting that employees should receive fair and satisfactory payment for their services, which should be equitable for both the employee and the organization.
Staffing
A key management function that involves recruiting, selecting, placing, training, and developing the right people for the right jobs within an organization.
Trustees (in a business context)
The concept that business leaders are responsible for managing societal resources (like capital, labor, and nature) in a way that benefits not only shareholders but also the broader community. They are 'trustees' of society's wealth.
Virtual Currency
A digital representation of value, not issued by a central bank, that can be traded and used as a medium of exchange online (e.g., Bitcoin).
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