2021
BUSINESS STUDIES
Full Marks: 100
Pass Marks: 30
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. (a) Business risk is not likely to arise
due to
(1) Changes in government policy.
(2) Good management.
(3) Employee’s dishonesty.
(4) Power failure.
(Choose the
correct answer) 1
(b) The capital of a
company divided into number of parts each one of which are called
(1) Dividend.
(2) Profit.
(3) Rate.
(4) Share.
(Choose the
correct answer) 1
(c) Which of the following
is not private undertaking?
(1) Partnership.
(2) Departmental undertaking.
(3) Joint-stock company.
(4) Sole trade.
(Choose the
correct answer) 1
(d) Risk is online
transaction is
(1) Diversion of risk.
(2) Duplicacy of information.
(3) Misuse of information.
(4) None of the above.
(Choose the
correct answer) 1
(e) E-commerce does not include
(1) A business’s interactions with suppliers.
(2) A business’s interactions with its customers.
(3) Interactions among the various departments of a business.
(4) Interactions among the geographically dispersed units of the
business.
(Choose the
correct answer) 1
(f) Social responsibility
is
(1) Same as legal responsibility.
(2) Broader then legal responsibility.
(3) Narrower than legal responsibility.
(4) None of the above.
(Choose the
correct answer) 1
(g) _______ share capital
has priority both in repayment of dividend as well as capital. (Fill in the
blank) 1
(h) Minimum number of
members required for making private company is
(1) 2.
(2) 3.
(3) 5.
(4) 7.
(Choose the
correct answer) 1
2. Why is business considered as economic
activity? 2
3. What is meant by unlimited liability? 2
4. What is public-private enterprise? 2
5. What is meant by Central Bank? 2
6. Give the meaning of B2B Commerce. 2
7. Write the differences between e-Business
and traditional business. 3
8. Write three arguments against social
responsibility. 3
9. Write three functions of promoter of a
business. 3
10. What are the features of bill of
exchange? 3
11. What are the differences between an ancillary
unit and a tiny unit? 3
12. What are the problems faced by
small-scale industries? 5
13. Discuss the services provided by
wholesalers to the producers of goods and services. 5
14. What are the benefits to a country increase
of international business? 5
15. What are the causes of business risk? 5
16. What are the different types of partners
of a partnership business? 5
17. How does the government maintain a
regional balance in the country? 5
18. Discuss the natures of services. 5
19. Elaborate the steps involved in online
trading. 8
Or
“Business is essentially a social institution
and not merely a profit-making organization.” Comment. 8
20. What is a Memorandum of Association?
Briefly explain its clauses. 8
Or
What is a commercial paper? What are its
advantages and disadvantages? Discuss. 8
21. Discuss the services of retailers to the
manufacturers and wholesalers. 8
Or
What is IMF? Discuss its functions. 8
22. Explain the facilities of set up small
business. 8
Or
Discuss in detail the different forms of
Public Sector Enterprise. State two main reasons for the failure of such
enterprise. 8
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