AHSEC Class 11 Business Studies Solved Question Papers 2022
BUSINESS STUDIES
(Commerce)
Full Marks: 100
Pass Marks: 30
Time: 3 hours
The figures in the margin indicate full marks for the questions
1.Answer the following questions: 1x8=8
(a) Name one type of secondary industry.
Ans: Manufacturing industry.
(b) Write one feature of Joint Hindu Family business.
Ans: Joint Hindu Family business is an ancestral property passed down from generation to generation with a common ownership and management.
(c) What is the maximum number of members of a public company?
Ans: There is no maximum limit to the number of members of a public company.
(d) What is double insurance?
Ans: Double insurance is a situation where an individual has taken two insurance policies for the same risk, leading to over-insurance and potential payment of multiple claims for the same loss.
(e) What is meant by e-business?
Ans: E-business, also known as electronic business, refers to the buying and selling of goods and services over the internet.
(f) What is social responsibility of business?
Ans: Social responsibility of business refers to the ethical and moral obligations of a company to contribute to the well-being of the society and the environment in which it operates, beyond its legal and economic obligations.
(g) Who is a promoter?
Ans: A promoter is an individual or a group of individuals who establish a company or are responsible for its formation and launch.
(h) Write the full form of EFT.
Ans: Electronic Funds Transfer.
2.Write two objectives of SIDBI.
Ans:
Two objectives of SIDBI (Small Industries Development Bank of India) are:
To provide financial assistance to small scale industries and to promote entrepreneurship in the sector.
To develop and upgrade the technology and management skills of small scale industries.
3.Distinguish between Invoice and Proforma Invoice.
Ans:
An Invoice is a document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. It is a legal document used for record-keeping and serves as evidence of a transaction.
A Proforma Invoice, on the other hand, is a preliminary bill of sale issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller intends to provide the buyer. It is usually used to secure an order or as a preliminary document in anticipation of a formal invoice.
4.What is meant by foreign trade?
Ans: Foreign trade refers to the exchange of goods, services, and capital between countries. It involves importing and exporting of goods and services across international borders.
5.What is a prospectus?
Ans: A prospectus is a formal document that provides detailed information about an investment opportunity, such as a new stock issue, bond offering, or mutual fund. It contains information about the company's management, financial statements, business plans, risk factors, and other relevant information to help potential investors make informed investment decisions.
6.What is business ethics?
Ans: Business ethics refers to the moral principles and values that govern the actions and decisions of individuals and organizations in the business world. It involves considering the social and environmental consequences of business practices and making decisions that are consistent with ethical principles such as fairness, honesty, and responsibility.
7. Write the drawbacks of outsourcing. 3
Ans:
Loss of control: Outsourcing may lead to loss of control over the quality of work and the processes involved.
Communication issues: Communication gaps can arise between the outsourced company and the client due to language barriers, time zones, and cultural differences.
Dependence on external resources: The company becomes dependent on the outsourced vendor, which can lead to delays and increased costs if the vendor fails to deliver.
8. Write three merits of joint sector enterprise. 3
Ans: The Following are the Three Merits of Joint Sector Enterprise:
Capital Pooling: Joint sector enterprises allow for the pooling of resources and capital from both the public and private sectors, providing a larger pool of resources for investment and expansion.
Sharing of Risks: The risk involved in setting up and operating an enterprise is shared between the public and private sectors, reducing the burden on either one.
Better Utilization of Resources: Joint sector enterprises often involve the integration of expertise, technology, and resources from both the public and private sectors, leading to better utilization of resources and more efficient operations.
9. Write three advantages of partnership concern. 3
10. Write three economic objectives of a business. 3
11. Write three primary features of services. 3
12. State the contents of Memorandum of Association. 5
13. State the benefits of mutual fund. 5
14. Discuss the steps involved in formation of a private limited company. 5
15. Write the services rendered by the wholesalers to producers and retailers. 5
16. Briefly write the problems of international business. 5
17. Write the features of multinational company. 5
18. Write the different types of registered companies. 5
19. What is business risk? Explain its causes. 8
Or
What is debenture? Explain its different types. 8
20. Discuss the various facilities provided by a commercial bank to its customers. 8
Or
Discuss some of the sources of long-term capital. 8
Ans: Long-term capital refers to funds that are invested for a period of five years or more, typically used to finance large-scale projects and operations. The following are some of the sources of long-term capital:
➪Equity capital: Equity capital refers to funds raised through the sale of ownership shares in a company, typically in the form of common or preferred stock. Equity capital is a long-term source of funding as it does not have to be repaid and provides a permanent source of capital for the company.
➪Debentures: Debentures are long-term debt securities issued by a company to raise capital. Debenture holders are entitled to periodic interest payments and the return of their principal at the end of the debenture term.
➪Bank loans: Bank loans are a common source of long-term capital, typically provided for periods of five years or more. Banks may provide loans for a variety of purposes, including capital expenditures, working capital, and refinancing.
➪Lease financing: Lease financing is a form of long-term financing in which a company leases equipment or property rather than purchasing it outright. Leasing provides a source of long-term capital as the company makes lease payments over an extended period.
➪Public bonds: Public bonds are long-term debt securities issued by a company and sold to the public. Bondholders are entitled to periodic interest payments and the return of their principal at the end of the bond term.
➪Retained earnings: Retained earnings refer to profits that are not paid out as dividends but are instead reinvested in the company. Retained earnings provide a source of long-term capital for the company and can be used to finance capital expenditures, working capital, and other needs.
➪Internal funds: Internal funds refer to funds generated within a company from its operations, such as cash flow from sales, which can be used for long-term investments and capital expenditures.
These sources of long-term capital provide companies with a range of options for financing their long-term needs, and each source has its own advantages and disadvantages depending on the specific circumstances of the company.
AHSEC Class 11 Business Studies Solved Question Paper 2022
21. Discuss the steps that have been taken by the government to provide financial assistance to industries set up in rural backward and hilly areas. 8
Ans: The government has taken several steps to provide financial assistance to industries set up in rural backward and hilly areas, including:
✔︎Subsidies and tax incentives: The government provides subsidies and tax incentives to industries that are set up in rural and backward areas. This includes subsidies on capital investment, land acquisition, and infrastructure development.
✔︎Rural Infrastructure Development Fund (RIDF): The RIDF was set up by the government to provide loans for rural infrastructure projects, including those related to industry development in rural and backward areas.
✔︎Backward Area Grant Fund (BAGF): The BAGF was set up to provide financial assistance to industries set up in backward areas, including those in hilly regions. The fund provides grants for the development of infrastructure and the promotion of industries in these areas.
✔︎Industrial Finance Corporation of India (IFCI): IFCI provides long-term financing to industries, including those set up in rural and backward areas. The corporation provides loans for capital investment, modernization, and expansion.
✔︎National Bank for Agriculture and Rural Development (NABARD): NABARD provides financial assistance for rural and agricultural development, including for industries set up in rural and backward areas. The bank provides loans for the development of infrastructure and the promotion of industries in these areas.
✔︎State Financial Corporations (SFCs): SFCs provide financial assistance to small and medium-sized industries, including those set up in rural and backward areas. The corporations provide loans for capital investment, modernization, and expansion.
✔︎National Small Industries Corporation (NSIC): NSIC provides financial assistance to small industries, including those set up in rural and backward areas. The corporation provides loans for capital investment, modernization, and expansion.
✔︎Schemes for the development of hilly areas: The government has launched several schemes specifically for the development of industries in hilly areas, such as the North Eastern Region Industrial and Investment Promotion Policy (NERIIPP) and the Hill Area Development Programme (HADP). These schemes provide financial assistance, tax incentives, and other support to industries set up in these areas.
These steps aim to provide financial assistance and support to industries set up in rural backward and hilly areas, promoting their development and helping to create job opportunities in these regions.
Or
What is share ? Write the features of equity shares. 8
Ans: A share is a unit of ownership in a company. It represents a portion of the company's capital and confers certain rights and privileges on the shareholder.
The features of equity shares are:
A.Ownership: Equity shareholders own a portion of the company and have a vested interest in its success.
B.Voting rights: Equity shareholders have the right to vote on important company matters, such as the appointment of directors, changes to the company's articles of association, and major financial decisions.
C.Dividend entitlement: Equity shareholders are entitled to receive dividends, if declared by the company, in proportion to their shareholding.
D.Residual claim: Equity shareholders have a residual claim on the company's assets and profits after all other claims, such as debt and preferred stock, have been satisfied.
E.Capital appreciation: Equity shares have the potential to appreciate in value over time as the company grows and becomes more valuable.
F.Liquidity: Equity shares can be bought and sold on stock exchanges, providing liquidity to shareholders.
G.Risk: Equity shareholders bear the risk of loss if the company performs poorly and its shares decline in value.
H.No fixed return: Equity shares do not have a fixed return like debt securities, and the amount of dividend declared by the company is subject to its financial performance.
AHSEC H.S 1st Year Business Studies Solved Question Paper 2022
22. What are Articles of Association? Discuss its contents. 8
Ans: The Articles of Association (AoA) is a document that outlines the internal rules and regulations of a company. It acts as a contract between the company and its shareholders and lays down the framework for the management and administration of the company.
The contents of the Articles of Association typically include:
a.Name of the company: The name of the company and the jurisdiction under which it is incorporated are specified in the AoA.
b.Objectives of the company: The objectives and goals of the company are specified in the AoA, which sets out the purpose of the company and its direction.
c.Capital structure: The capital structure of the company, including the authorized and issued capital, is specified in the AoA.
d.Shareholder rights and privileges: The rights and privileges of shareholders, such as voting rights, dividend entitlements, and transfer of shares, are specified in the AoA.
e.Board of Directors: The AoA outlines the powers, duties, and responsibilities of the board of directors and sets out the procedures for their appointment and removal.
f.Meetings of shareholders: The AoA specifies the procedures for conducting meetings of shareholders, including the notice period, quorum, and voting rights.
g.Dividends and reserves: The AoA sets out the conditions for the declaration and payment of dividends and the management of reserves.
h.Accounts and auditing: The AoA specifies the requirements for the preparation and auditing of the company's financial statements.
i.Winding up and dissolution: The AoA sets out the procedures for winding up and dissolving the company in the event of its closure or liquidation.
It is important to note that the AoA is subject to the relevant laws and regulations of the jurisdiction in which the company is incorporated and must be in compliance with these laws.
Or
Explain the role of business in environmental protection. 8
Ans: The Role Of business in environmental protection explain below:
- Compliance with Regulations: Businesses have a responsibility to comply with environmental regulations, such as those related to air and water pollution, waste management, and resource conservation.
- Resource Conservation: Companies can adopt sustainable practices to conserve resources, such as reducing waste and using renewable energy sources.
- Adoption of Green Technologies: Businesses can invest in and adopt green technologies to reduce their environmental impact, such as using eco-friendly production processes and renewable energy sources.
- Engagement with Stakeholders: Companies can engage with stakeholders, such as customers, employees, and the local community, to understand their environmental concerns and take steps to address them.
- Development of Environmental Products and Services: Businesses can develop and market environmentally friendly products and services to meet the growing demand for eco-friendly products and solutions.
- Support for Environmental Campaigns and Initiatives: Businesses can support environmental campaigns and initiatives, such as those focused on climate change, deforestation, and wildlife conservation.
- Increased Transparency and Reporting: Companies can increase transparency and accountability by reporting on their environmental performance and impacts, allowing stakeholders to assess their environmental stewardship.
- Collaboration and Partnership: Businesses can collaborate with other organizations, such as governments, NGOs, and other businesses, to develop and implement environmental protection initiatives.
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Also Read;
AHSEC Class 11 Business Studies Previous Year Question Paper | HS 1st Year Business Studies Previous Year Question Paper
👉AHSEC Class 11 Business Studies Question Paper 2022
👉AHSEC Class 11 Business Studies New Syllabus 2023-24
Benefits of AHSEC Class 11 Business Studies Solved Question Paper 2022
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Conclusion
Overall, AHSEC Class 11 Business Studies Question Paper 2022 can be an extremely helpful resource for students preparing for their upcoming examinations. It can be used to practice, review, and improve time management skills, and can also give you an idea about the exam pattern and previous year questions.