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Model Test-1

12th Standard

    Reg.No. :
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Commerce

Time : 02:20:00 Hrs
Total Marks : 100

    PART-A

    10 x 1 = 10
  1. Registration is compulsory in the case of______________

    (a)

    A sole of trader

    (b)

    A partnership

    (c)

    A joint stock company

    (d)

    A joint hindu family buissness

  2. In a co-operative society

    (a)

    One share one vote principle is followed

    (b)

    One man one vote principle is followed

    (c)

    A member must have 2 votes

    (d)

    Shares are transferable

  3. Co-operative society can be started

    (a)

    Only in villages

    (b)

    In towns and villages

    (c)

    Only in cities

    (d)

    Only in state head quarters

  4. The most suitable form of organisation for operating defence industries is

    (a)

    Government company

    (b)

    Public corporation

    (c)

    Departmental organisation

    (d)

    Board organisation

  5. The term is used to mean 'bringing together various elements of business with the object of establishing harmonious relationship and adjustment in their functioning'.

    (a)

    Organisation

    (b)

    Commerce

    (c)

    Economics

    (d)

    Business

  6. Effective organisation must promote

    (a)

    Profits

    (b)

    Losses

    (c)

    Effectiveness

    (d)

    Specialisation

  7. The oldest of all the forms of business enterprises is______________

    (a)

    Sold Trader

    (b)

    Joint Hindu Family

    (c)

    Partnership

    (d)

    Co-operatives

  8. "All is he and he is all in all".The business enterprise that run on this principle is ______________

    (a)

    Sold trader

    (b)

    Partnership

    (c)

    Co-operatives

    (d)

    Public corporation

  9. This business system is found only in india.

    (a)

    Sole trader

    (b)

    Joint hindu family

    (c)

    Partnership

    (d)

    Co-operatives

  10. Sole proprietorship is suitable for

    (a)

     Large scale concerns

    (b)

    Medium scale concerns

    (c)

    Small scale concerns

  11. PART-B

    10 x 1 = 10
  12. Dual subordination creates ................. and ................... and leads to indiscipline.

    ()

    Disorder,Confusion

  13. The superior should be held responsible for the acts of his ..................

    ()

    Subordinates

  14. ....................... institutions are established by a single individual or by a number of individuals.

    ()

    Individualistic

  15. India is unique in the business system of .....................

    ()

    Joint hindu families 

  16. Delegation means the ___________ of part of the work

    ()

    Entrustment

  17. Tamilnadu Electricity Board is the example of ____________

    ()

    Board organization

  18. Government policy is also favourable towards _____________

    ()

    Multinationals

  19. The ownership and the business are not separated and the owners can have direct control over the business in..........

    ()

    Non-corporate form

  20. The profit and loss of a partnership firm is shared in the_____________ among the partners.

    ()

    Agreed ratio

  21. The partners liability in India is ___________________

    ()

    Unlimited

  22. PART-C

    10 x 2 = 20
  23. Compare the co-ordination function of an organisation with a human body?

  24. Give the Urwick and Hunt definition of a 'Business'.

  25. What does Lewis H. Haney say on organisation?

  26. What are the features of an organisation?

  27. Explain the principle of unity of objectives.

  28. What is scalar principle?

  29. What is sole trading business?

  30. Explain the term ‘partnership’ (or) Define Partnership

  31.  State the various kinds of non-corporate enterprises.

  32. What is a sole proprietorship business?

  33. PART-D

    10 x 3 = 30
  34. "Organisation is essential for the business"-Think and explain.

  35. Explain the significance or importance of organisation.

  36. Explain the various kinds of public enterprise in India.

  37. What are the concessions enjoyed by a co-operative society after being registered? Think your answer.

  38. Write a short note on (i) Division of work (ii) Flexibility.

  39. Mention the suitability of sole proprietorship.

  40. What is limited partnership?

  41. What is a partnership deed?

  42. Bring out the difference between a dissolution of partnership and dissolution of partnership firm.

  43. Mention the documents to be filled with the Register, for getting Certificate of in corporation.

  44. PART-E

    6 x 5 = 30
  45. What do you understand by multinational companies and explain its features

  46. Explain the main characteristics of sole trading form of organisation(Any Five)

  47. Discuss the merits of sole trading form of business(any 10)

  48. Explain the following features of Partnership.
    (i) Agency relationship
    (ii) Implied agency
    (iii) Utmost good faith
    (iv) Registration.

  49. Explain the following advantages of partnership firm.
    (i) Quicker and better business decisions
    (ii) Sharing of risk
    (iii) Relationship between reward and work
    (iv) Protection of minority interests
    (v) Flexibility.

  50. Bring out the distinction between a Private limited company and a public limited company(any 5)

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