Model Paper 5 — Business Studies STD 11 Commerce — Question

Why is it necessary to get registered with an export promotion council?

In particular type of a undertaking, there is a relationship between two or more parties, a new jointly-owned entity is not created. There is just an agreement between the parties to work together. The enterprises do not share ownership of the business but exercise some elements of control in the relationship. In another type of undertaking a separate business entity, jointly owned by two or more parties, is formed in accordance with the agreement of the parties. The key operative factor in such case is joint ownership by two or more parties.

On the basis of the aforesaid information, answer the following questions:

(a) How will you classify the above stated undertaking as a form of special arrangement?

(b) Differentiate between the forms of undertaking identified in part (a).

Explain in brief different mail services provided by the post office.

Describe briefly any two applications of E-business.

Identify the types of bank accounts being highlighted in following situations:
(a) This account can be opened by any limited company. Payments can be made in the account unlimited number of times. Funds can be remitted from any part of the country to the corresponding account. Overdraft facility and Internet banking facility are available.
(b) It is a kind of account in which two free cheque books will be issued each year. Internet banking facility will be provided without any charge. Balance enquiry, NEFT, bill payment, mobile recharge, etc., are provided through mobile phones. Students can open this account with zero balance by providing the required documents.
(c) Any resident is eligible to open this account in single/joint names. The account can be opened for any period ranging from 6 months to 120 months for monthly installment. The amount selected for installment at the start of the scheme is payable every month and the number of installments once fixed, cannot be changed. The rate of interest is compounded quarterly and the final amount is paid on maturity.
(d) A kind of deposit scheme introduced by different banks, where the excess amount in the savings bank account is transferred to fixed deposit account and the account holder earns more rate of interest In short, it gives the account holder the interest of a term deposit with the flexibility of partial withdrawal, whereas, the remaining cash will get better. interest

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

Give two examples for each of the following non-economic activities:

1. Activities undertaken for personal satisfaction.
2. Activities undertaken to fulfil social obligations.
3. Activities undertaken to fulfil religious obligations.
4. Activities undertaken out of love and affection.

Explain the concept of public sector and private sector.

Differentiate between:

• Memorandum of Association and Articles of Association.
• Private and Public Company.

What is the utility of intellectual property rights in entrepreneurial development?