Model Paper 1 Business Studies - Model Paper 1

What minimum percentage of the paid-up capital should be held by the government in a Government Company?

Exemption from paying taxes for 5 to 10 years is known as ________.

Among the following given activities, which one is not an economic activity:

Who among the following are the highest risk-takers?

Assertion (A): Life Insurance is not only a protection but is a sort of investment.
Reason (R): Certain sum is returnable to the insured either at the time of death or at the expiry of a certain period.

What are the advantages and disadvantages of preference shares?

Equity Shares are known as Risk Capital. What is your view about it?

What do you mean by pavement traders?

Which hindrance of commerce is highlighted in the following activities?
i. It removes the geographical separation between producers and consumers.
ii. Warehousing facilitates holding of goods till they are required.
iii. Advertising informs the consumers about the goods and services available in the market.
iv. Trade provides an organised market where buyers and sellers can contact each other.
v. Banking and Financing Institutions provide necessary funds to carry on business activities.
vi. There exist a time gap between production and consumption of goods.
vii. Insurance protects the goods in case of damage due to theft, fire, accidents.

List the major exports and imports in ancient India.

Explain the need for entrepreneurship development?

Business is a part of society. Explain this statement in the context of Social Obligation of Business.

Explain the four advantages of being a MNC.

Differentiate between traditional business and e-business.

Briefly explain any four auxiliaries to trade.

Danush visited a new restaurant 'Darbaar' with his parents. They all liked the food served in the restaurant. After a week Danush took his friends to 'Darbaar' and placed an order for the same dishes that he had liked during his previous visit. But to his surprise, he found that the taste of the food was not as good as it was during his previous visit. As a result, he felt very disappointed.
In the context of the above case, answer the following questions:
a. Identify the feature of services being discussed above.
b. Explain briefly three other features of services.

Gurpreet is planning to start a Diagnostic Centre in Ambala. He visits his uncle Mr. Amarnath in Patiala, who is successfully running a Diagnostic Centre for many years, to seek his guidance. Mr. Amarnath tells Gurpreet that the capital needs of his business can be divided into two categories. Firstly, he will need funds to buy land and building, machinery and furniture and fixtures. Secondly, funds Tjvill be required to meet day-to-day operations such as maintaining stocks, bills receivables and for meeting current expenses like salaries, wages, taxes, and rent.
In the context of the above case answer the following:
a. Identify and explain the two types of capital being described above by quoting lines from the paragraph.
b. Briefly outline any two factors that are likely to affect the requirem ents of each of the two types of capital.

Jagat is running a grocery store under the name 'Morning 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.
In the context of the above case:
a. Identify and define the form of business organization in which Jagat has promoted his business.
b. State any four features of this form of business organization.

List the documents required for the incorporation of a company.

Discuss briefly the factors that govern the choice of mode of entry into international business.