SSLC / Tenth / 10th Std : Elements of Business Model Question Paper www.cbse.nic.in

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Document Described : Elements of Business Question Paper, CBSE Question Paper

Sample Question Paper
Elements of Business
Class-X
(Code - 154)
Summative Assessment - 2
March 2012
Time Allowed : 3 Hrs Maximum Marks : 80

General Instructions :
1. The question paper has 36 questions in all.
2. All questions are compulsory.
3. Questions from serial no. 1 to 16 are Multiple Choice of Questions. These are to be answered by writing the correct option in your answersheet.
4. Questions from Sl. no. 17 to 32 carry 3 marks each. Answers to such questions should not exceed 10 words.
5. Questions from Sl. no. 33 to 36 carry 4 marks each. Answers to such questions should not exceed 150 words.
6. Attempt all parts of a question together.

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1. Which of the following is an internal source of finance: 1
(a) Relatives and friends (b) Banks
(c) Sahukar (d) Retained profit
2. Public deposit is a source of finance for: 1
(a) Partnership Firm (b) Joint stock company
(c) Co-operative Society (d) Sole trader
3. Which of the following is a source of long term finance: 1
(a) Trade Credit (b) Factoring
(c) Bank Credit (d) Leasing Finance
4. Which of the following is correct about overdraft: 1
(a) Money credited by banks in a separate bank account.
(b) Facility of loan given in the existing Current Account.
(c) Loan limit based on the value of security placed with the bank.
(d) Interest is charged on the free amount of loan credited.
5. A market in which shares are bought and sold is a 1
(a) Stock Exchange (b) Commodity market
(c) Whole sale market (d) Retail market
6. A Joint stock company collects long term finance through 1
(a) Instalments credit (b) Issue of Equity shares
(c) Cash Credit (d) Advances by customers
7. A Hundi which is payable after a specified time is known as 1
(a) Darshani Hundi (b) Muddati Hundi
(c) Sahajog Hundi (d) Dhanijog Hundi
8. A Cheque which is payable to a person, who presents it for payment at the bank counter is called : 1
(a) Order Cheque (b) Bearer Cheque
(c) Crossed Cheque (d) Mutilated Cheque
9. A banking facility enabling customer to withdraw cash 24 hours a day is called:1
(a) Credit Card (b) Net Banking
(c) ATM (d) Phone Banking
10. A negotiable instrument on which acceptance is a must is called : 1
(a) Promissory note (b) Bill of Exchange
(c) Hundi (d) Cheque
11. A cheque issued on 1st June, 2010 and bears a date 25th May, 2009 is called: 1
(a) Ante dated cheque (b) Post dated cheque
(c) Stale cheque (d) Mutilated cheque
12. A bank account in which overdraft facility is allowed to an account holder is called: 1
(a) Savings Bank Account (b) Current Deposit Account
(c) Fixed Deposit Account (d) Recurring Deposit Account
13. Which of the following is a secondary function of a bank : 1
(a) Accepting deposits (b) Discounting of bills
(c) Giving educational Loans (d) Advancing Loans
14. A leaf by which a bank allows an account holder to withdraw cash from his saving bank account
is called: 1
(a) Credit Card (b) Pay in slip
(c) Withdrawl form (d) ATM
15. Which of the following is a private sector bank
(a) State Bank of India (b) Reserve Bank of India
(c) Bank of Baroda (d) ING VYSYA Bank Limited
16. The instrument through which bank directs its another branch to pay a certain money mentioned in the instrument to the named person/firm is called.
(a) Cheque (b) Bill of Exchange
(c) Endorsed cheque (d) Demand draft
17. Explain in brief any three factors determining the working capital of a business. 3
18. State the meaning of 'trade credit', 'factoring' and 'advance from customers' as a source of short term finance. 3
19. Give six advantages of equity shares to the Shareholders 3
20. Explain Debenture as a source of Long term finance. State its any two merits. 3
21. Describe Industrial Finance Corporation of India and State Finance Corporation as a source of long term finance. 3
22. Explain mutual fund and its kinds. 3
23. Give the name of central bank of our country. Explain in brief the two important functions of this bank. 3
24. You want to deposit cash of Rs. 20,000 in your Saving Bank Account. Give in detail the procedure you will follow in depositing the cash. 3
25. State any six secondary functions of a Commercial Bank. 3
26. Explain 'E-banking' in your own words. 3
27. State the meaning and use of credit card and ATM Card. 3
28. Give any three advantages and three disadvantages of taking long term loan from banks. 3
29. Negotiable means transferable and instrument means document thus negotiable instrument means a transferable document. But apart from these there are other essential features of a negotiable instrurment. State any six of the features. 3
30. Give any six situations under which a bank can dishonour a cheque. 3
31. Explain Darshni Hundi and Muddati Hundi. 3
32. Explain the meaning of endorser and endosee by giving an example. 3
33. Describe the procedure of opening a Saving Bank Account in the post office. 4
34. Draw a specimen of a bill of exchange. 4
35. Distinguish between Bill of Exchange and Promissory Note on the following basis :
(i) Parties (ii) Acceptance
(iii) Maker (iv) Liability of drawer/Maker 4
36. Describe any four functions of Stock Exchange. 4