HOLIDAY HOMEWORK CLASS XI WEEK 3, 4 AND 5

HOLIDAY HOMEWORK-WEEK 3

(ENDING 12 th JUNE)

CLASS XI

BUSINESS STUDIES

STUDY ANY FIVE PRIVATE AND PUBLIC COMPANIES AND WRITE ABOUT THEM IN

YOUR BUSINESS STUDIES ASSIGNMENT NOTEBOOK

WORKSHEET-WEEK 4

CLASS -XI

CHAPTER-1

Q.1 Support services to industrial / business activities are clubbed under:

a) Commercial Industries

b) Primary Industries

c) Tertiary Industries

d) Secondary Industries (1)

Q.2 Shenoy sells his play station to his friend at a profit of Rs 6000. Will it be

considered as a business?

a) Yes

b) Can’t say

c) No

d) 50-50 (1)

Q.3 Soaps are included under which type of industry?

a) Analytical Industry

b) Synthetical Industry

c) Processing Industry

d) Assembling Industry (1)

Q.4 Find the odd one:

a) Profit earning

b) Uncertainty of return

c) Natural Causes

d) Element of risk (1)

Q.5 Secondary industries include:

a) Manufacturing Industries

b) Construction Industries

c) Tertiary Industries

d) Both a and b (1)

Q.6 “Regularity of dealings is the basic characteristic of business.” State. (3)

Q.7 Which one of the following is not an auxilaiary to trade?

a) Mining

b) Insurance

c) Warehousing

d) Transport. (1)

Q.8 Which one of the following is an economic activity in which specialized

knowledge is required?

a) Business

b) Profession

c) Employment

d) None of the above. (1)

Q.9 Code of conduct does not include:

a) Rules

b) Dishonesty

c) Morality

d) Integrity. (1)

Q.10 Why a business should earn profit?

a) To provide return to investor

b) To provide funds for future growth

c) To increase the reputation of business

d) All of the above. (1)

Q.11 What is meant by Hundi? State any four types of hundi. (5)

Q.12 State five major trade centres in ancient India. (3)

Q.13 Identify the causes of risk highlighted in the given statements:

a) Higher interest rates increase the cost of production, reduces the

purchasing power of consumers.

b) Taj Hotel in Mumbai had to shut its operations for more than six months

due to 26/11 terror attack.

c) Thousands of businessmen had to suffer heavy losses due to Gujarat

earthquake on 26 th January 2001.

d) Perishable goods such as ice cream and milk may be spoiled because of

break down of cooling machine or refrigerator.

e) An increase in excise duty or custom duty on a product may reduce the

profit margin of a business undertaking. (5)

Q.14 Classify the following industries into various types:

a) Paper Industries

b) Hunting

c) Building Tunnels and Canals

d) Farming

e) Computer Industries. (5)

HOLIDAY HOMEWORK-WEEK 5

CLASS XI

BUSINESS STUDIES

ANSWERS TO PREVIOUS ASSIGNMENT(WEEK-4):

1. ©

2. ©

3. (b)

4. ©

5. (d)

6. Explain regularity of dealings in detail.

7. (a)

8. (b)

9. (b)

10. (d)

11. Hundi is a type of bill of exchange or promissory note. Various types of

hundi are as follows:

a) DARSHANI

b) SHAHJOG

c) NAMJOG

d) DHANJOG

12. ANCIENT INDIAN MARITIME, ALEXANDER, ROMAN CONNECTION,

MAURYAN EMPIRE, REFERENCES IN BIBLE, ETC

13. a) Economic Cause b) Political Cause c) Natural Cause d) Physical Cause e)

Legal Cause.

14. Paper Industries- Processing; Hunting- Extractive; Building Tunnels and

Canals- Construction; Farming- Extractive/Genetic; Computer Industries-

Assembling Industries.

CHAPTER-2(WORKSHEET)

Q.1 Which partner allows the use of his goodwill to benefit the firm and can be

represented as a partner?

a) Nominal Partner

b) Secret Partner

c) Active Partner

d) Sleeping Partner (1)

Q.2 Gurmeet and Gurpreet are doing separate business of installing centralized

AC units in Delhi. They enter into a partnership contract to install centralized AC

unit in a hotel in Chandigarh. Which type of partnership is being highlighted

here?

a) Partnership at will

b) Particular Partnership

c) Limited Partnership

d) General Partnership. (1)

Q.3 Identify the type of cooperative society highlighted in the given statement.

“It is formed by those who want to procure residential accommodation at lower

costs.”

a) Marketing cooperative societies

b) Credit cooperative societies

c) Cooperative housing societies

d) Consumers cooperative societies. (1)

Q.4 Shenoy is a shareholder in a company holding 10000 shares of Rs 10 each on

which he has already paid Rs 8 per share. What will be his liability in the event

of losses or company’s failure to pay debts?

a) Rs 22000

b) Rs 21000

c) Rs 20000

d) Rs 20200 (1)

Q.5 Manan is running a grocery store under the name of Daily Needs in a local

market. He takes all decisions about business himself, without any interference

from others and also earns a direct reward for his risk bearing.

a) Identify and state the form of business organization in which Manan has

promoted his business.

b) State any two merits and demerits of such form of business organization. (5)

Q.6 The members of which of the following business organization do not have

‘limited liability’? (1)

a) Sole proprietorship

b) Cooperative Societies

c) Joint Stock Company

d) All of the above. (1)

Q.7 Find the one , which does not enjoy separate legal entity.

a) Private Ltd Company

b) Public Ltd Company

c) Registered Partnership Firm

d) Co-operative Society. (1)

Q.8 The maximum number of members in a private company are:

a) 2 lakh

b) 200

c) 2000

d) 20000 (1)

Q.9 Anwar and Biswas decide to start a partnership firm together. Their

common friend Sakshi tells them that it is advisable to have a written

agreement as it constitutes an evidence of the conditions agreed upon in

partnership and proves to be helpful in resolving any controversies which may

arise in future.

a) Identify and state the document being referred to by Sakshi.

b) State any four aspects covered in this document. (3)

Q.10 Identify the type of partner highlighted in the following statements:

a) This partner takes active part in carrying out business of the firm.

b) His connection with the firm is not disclosed to the general public.

c) He allows the use of his goodwill to benefit the firm and can be represented

as a partner.

d) He gives an impression of his being partner to others by his words or conduct.

e) This partner does not take active part in the day to day activities of the

business. (5)