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Class X (Term I)
General Instructions:
There are a total 55 questions in this paper out of which 45 questions are to be attempted.
This paper is divided into three Sections:
(a) Section A – Contains 25 questions. Attempt any 20 questions.
(b) Section B – Contains 24 questions. Attempt any 20 questions.
(c) Section C – Contains 6 questions. Attempt any 5 questions.
All questions carry equal marks.
There is no negative marking.
There is no negative marking.
SECTION B
1. .............. are also known as ‘residual owners’
(a) Preference shareholders (b) Equity shareholders
(c) Commercial paper (d) Debentures holders
2. ............source of finance can prove to be an advantage for organizations by treating interest as tax deductible.
(a) Debentures (b) Commercial paper
(c) Lease financing (d) Trade credit
3. The capital obtained by issue of shares is knows as: ------------
(a) Share capital (b) Borrowed capital
(c) Working capital (d) Operating capital
4. Name the company that does not invite public to subscribe to its securities
(a) Public company (b) Private company
(c) Joint stock company (d) Cooperative society
5. Which of the following is an example of written communication?
(a) Video conferencing (b) Letter
(c) Telephone (d) E – mail
6. Under which communication method virus can easily spread through electronic means from one computer user to another?
(a) Letter (b) E – mail
(c) Video conferencing (d) Telephone
7. The covid-19 pandemic is reframing and altering the work dynamics. With an increased need for social distancing most of the employees virtually connect with team by holding meetings with the help of platforms like Zoom, Google Meet. Which method of communication is used by the employees here?
(a)Telephone (b) Newspapers
(c) Letters (d) Video conferencing
8. Which form of business organization can be opted if direct personal contact with customer is not required?
(a) Sole proprietorship (b) Partnership
(c) Company (d) Hindu undivided family
9. .............. capital is considered as a prerequisite to the creation of company.
(a) Equity share (b) Preference share
(c) Debentures (d) Commercial Banks
10. The deposits that are raised by organization directly from the public are known as:
(a) Lease financing (b) Debentures
(c) Public deposits (d) Retained earnings
11. Under ........... method of communication, calls can be made 24 hours and, 7 days a week.
(a) Letter (b) E – mail
(c) Telephone (d) Newspapers
12. Which of the following is an example of noise?
(a) A student is silently doing self-study in his room
(b) A man quietly walking on a street
(c) A hoarding, advertising about the product.
(d) A child playing the music in loud volumes
13. Which form of organization is more complex and involves greater costs?
(a) Company (b) Sole proprietorship
(c) Partnership (d) Hindu undivided family
14. Name the source of finance that has least risk involved:
(a) Issue of equity share capital
(b) Issue of preference share capital
(c) Loan from financial institution
(d) Issuing debentures
15. ............. capital provides credit worthiness to the company and confidence to prospective loan providers.
(a) Equity (b) Preference
(c) Trade credit (d) Loan from commercial bank
16. .............is an acknowledgement that the company has borrowed a certain amount of money which it promises to repay at the future date.
(a) Debentures (b) Equity shares
(c) Preference shares (d) Retained Earnings
17. Assertion (A): There is no maximum limit on the number of members in a public company.
Reason (R): There is a maximum limit 300 members in a private company.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
18. Assertion (A): Banks provide timely assistance to business by providing funds as and when required.
Reason (R): Secrecy of business is not maintained as the information supplied to the bank by borrowers is not kept confidential.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect
(d) (A) is incorrect but (R) is correct.
19. Assertion (A): Debenture holders are also known as the owners of the company.
Reason (R): A company which raises funds through the issue of debentures bears a fixed rate of interest.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
20. Assertion (A): Public company can’t invite public to subscribe to its shares or debentures.
Reason (R): Private company can invite public to subscribe to its securities.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
21. Assertion (A): Debenture holders are termed as creditors of the company.
Reason (R): Debentures are fixed charge funds and do not participate in profits of company.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
22. Assertion (A): Letters are delivered extremely fast as compared to emails. Reason (R): Letter does not require internet access.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
23. Assertion (A): Procedural delays are involved while raising funds through issue of equity share. Reason (R): Investors who want steady income may not prefer equity shares as they get fluctuating returns.
(a) Both (A) and (R) are correct.
(b) (b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct
24. Assertion (A): Video conferencing method of communication can be done without an internet access.
Reason (R):Video conferencing helps in improving communication.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
(a) Preference shareholders (b) Equity shareholders
(c) Commercial paper (d) Debentures holders
2. ............source of finance can prove to be an advantage for organizations by treating interest as tax deductible.
(a) Debentures (b) Commercial paper
(c) Lease financing (d) Trade credit
3. The capital obtained by issue of shares is knows as: ------------
(a) Share capital (b) Borrowed capital
(c) Working capital (d) Operating capital
4. Name the company that does not invite public to subscribe to its securities
(a) Public company (b) Private company
(c) Joint stock company (d) Cooperative society
5. Which of the following is an example of written communication?
(a) Video conferencing (b) Letter
(c) Telephone (d) E – mail
6. Under which communication method virus can easily spread through electronic means from one computer user to another?
(a) Letter (b) E – mail
(c) Video conferencing (d) Telephone
7. The covid-19 pandemic is reframing and altering the work dynamics. With an increased need for social distancing most of the employees virtually connect with team by holding meetings with the help of platforms like Zoom, Google Meet. Which method of communication is used by the employees here?
(a)Telephone (b) Newspapers
(c) Letters (d) Video conferencing
8. Which form of business organization can be opted if direct personal contact with customer is not required?
(a) Sole proprietorship (b) Partnership
(c) Company (d) Hindu undivided family
9. .............. capital is considered as a prerequisite to the creation of company.
(a) Equity share (b) Preference share
(c) Debentures (d) Commercial Banks
10. The deposits that are raised by organization directly from the public are known as:
(a) Lease financing (b) Debentures
(c) Public deposits (d) Retained earnings
11. Under ........... method of communication, calls can be made 24 hours and, 7 days a week.
(a) Letter (b) E – mail
(c) Telephone (d) Newspapers
12. Which of the following is an example of noise?
(a) A student is silently doing self-study in his room
(b) A man quietly walking on a street
(c) A hoarding, advertising about the product.
(d) A child playing the music in loud volumes
13. Which form of organization is more complex and involves greater costs?
(a) Company (b) Sole proprietorship
(c) Partnership (d) Hindu undivided family
14. Name the source of finance that has least risk involved:
(a) Issue of equity share capital
(b) Issue of preference share capital
(c) Loan from financial institution
(d) Issuing debentures
15. ............. capital provides credit worthiness to the company and confidence to prospective loan providers.
(a) Equity (b) Preference
(c) Trade credit (d) Loan from commercial bank
16. .............is an acknowledgement that the company has borrowed a certain amount of money which it promises to repay at the future date.
(a) Debentures (b) Equity shares
(c) Preference shares (d) Retained Earnings
17. Assertion (A): There is no maximum limit on the number of members in a public company.
Reason (R): There is a maximum limit 300 members in a private company.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
18. Assertion (A): Banks provide timely assistance to business by providing funds as and when required.
Reason (R): Secrecy of business is not maintained as the information supplied to the bank by borrowers is not kept confidential.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect
(d) (A) is incorrect but (R) is correct.
19. Assertion (A): Debenture holders are also known as the owners of the company.
Reason (R): A company which raises funds through the issue of debentures bears a fixed rate of interest.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
20. Assertion (A): Public company can’t invite public to subscribe to its shares or debentures.
Reason (R): Private company can invite public to subscribe to its securities.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
21. Assertion (A): Debenture holders are termed as creditors of the company.
Reason (R): Debentures are fixed charge funds and do not participate in profits of company.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
22. Assertion (A): Letters are delivered extremely fast as compared to emails. Reason (R): Letter does not require internet access.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
23. Assertion (A): Procedural delays are involved while raising funds through issue of equity share. Reason (R): Investors who want steady income may not prefer equity shares as they get fluctuating returns.
(a) Both (A) and (R) are correct.
(b) (b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct
24. Assertion (A): Video conferencing method of communication can be done without an internet access.
Reason (R):Video conferencing helps in improving communication.
(a) Both (A) and (R) are correct.
(b) Both (A) and (R) are incorrect.
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
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