Bihar Model Question Paper
BUSINESS STUDIES
Class XI
Time : 3 Hrs. + 15 Minute (Extra) Total Marks : 100
General Instructions:
i. All Questions are compulsory
ii. There is No negative marking for any wrong answer.
iii. Questions are in two sections.
iv. There are internal options is some of the long answer type questions. In such questions you have to answer any one of the alternative.
v. Answer should be in your own language.
vi. No electronic gadgets like calculator, call phone, pager are allowed during exam.
vii. The answer of objective type question is to be given on supplied OMR sheet by completely darkling the appropriate answer option. For example if answer is (c) the you should fill it as shown by blue/black pen
SECTION–I
OBJECTIVE QUESTIONS
Instruction : Q. No. 1 to 25 : In the following questions there are only one correct answer. You have to choose that correct answer.
1. Which of the following is not a economic activity?
(a) Production of goods (b) Trading in goods
(c) Professional service (d) Social service
Answer: (d)
2. Identify the activity which is not an auxiliary to trade:
(a) Banking (b) Warehousing
(c) Insurance (d) Mining
Answer: (d)
3. Identify the type of organization which ensures separation of ownership and management:
(a) Sole proprietorship (b) Partnership
(c) Company (d) None of the above
Answer: (d)
4. Which of the following is not governed by a specific act ?
(a) Sole proprietorship (b) Partnership
(c) Company (d) Cooperative Society
Answer: (c)
5. Profit are not shared in case of :
(a) Company (b) Cooperative Society
(c) Sole Proprietorship (d) Partnership
Answer: (c)
6. The head of the joint Hindu Family business is known as:
(a) Proprietor (b) Manager
(c) Karta (d) Executive Director
Answer: (a)
7. Which of the following is not a form of organizing public sector enterprises ?
(a) Department undertaking (b) Government company
(c) Statutory corporation (d) Sole proprietorship
Answer: (a)
8. Which of the following is not a feature of a global enterprises ?
(a) Its operation ate spread out in several countries
(b) Its attempts to maximize profits world over.
(c) It is of huge size and has control over large assets.
(d) It operates on a small scale.
Answer: (c)
9. Exim bank is a:
(a) Commercial bank (b) Cooperative bank
(c) Development bank (d) Specialized bank
Answer: (d)
10. In case of life Insurance, insurable interest must exist at the of
(a) taking the policy (b) death
(c) (a) and (b) both (d) Neither (a) nor (b)
Answer: (a)
11. Place utility is created by :
(a) Transportation (b) Ware housing
(c) Communication (d) None of the above
Answer: (b)
12. Which of the following statements is not true?
(a) The sole aim of business is to earn profit by fair or foul means
(b) There is a strong case for the business to fulfill its social obligations.
(c) Ethics is good business
(d) Black marketing of goods is an unethical practice.
Answer: (d)
13. Which of the following business practice is ethical?
(a) Adulteration of goods
(b) Sale of duplicate goods under popular brand names
(c) Exploitation of workers
(d) Honesty in dealing with the consumers.
Answer: (d)
14. The objects of the company are specific by
(a) Articles of Association (b) Memorandum of Association
(c) Prospectus (d) Certificate of incorporation
Answer: (c)
15. Qualification shares are subscribed by:
(a) Directors of the company (b) Auditors of the company
(c) Bankers of the company (d) Employees of the company
Answer: (b)
16. What are the equity shareholders called ?
(a) Owners of the company (b) Partners of the company
(c) Patrons of the company (d) Managers of the company
Answer: (a)
17. The term redeemable is used for .
(a) Preference share (b) Debentures
(c) Equity shares (d) Both (a) & (b)
Answer: (b)
18. ADRs can be issued in:
(a) Europe (b) USA
(c) Canada (d) All the above
Answer: (a)
19. Measures taken by the Government to support small industries include
(a) Protective measures (b) Incentive
(c) Institutional measures (d) all the above
Answer: (b)
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