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Tuesday, December 13, 2016

AHSEC Class - 11 Question Papers: English' 2015

Full Marks: 90
Time: 3 hours
The figures in the margin indicate full marks for the questions.
1.       Read the following passage carefully and answer the questions that follow:
Mahatma Gandhi has laid great stress on Satyagraha in his thoughts. Satyagraha means pursuance of truth. It means striving for truth even by undergoing physical pain. Gandhi relied on the methods of non-violence to strive for truth. Thus it was agreeable to him to suffer physical hardship for the sake of truth. He used to accept Satyagraha not simply as a means but as a principle by itself. He himself had written that Satyagraha is a spiritual principle based on love for mankind. There is no feeling of hatred towards the opponents in it. He used to regard Satyagraha as the most potent force. In ‘Hind Swaraj’ he wrote, “Passive resistance (Satyagraha) is an all-sided sword, it can be used anyhow. It blesses him who uses it and him against whom it is used without drawing a drop of bold. It produces far reaching results. It never rusts and cannot be stolen.”
Gandhi considered four conditions to be necessary for a Satyagraha. He stated, ‘After a great deal of experience it seems to me that those who want to become passive resisters for service of the country have to (1) observe perfect chastity, (2) adopt poverty, (3) follow truth and (4) cultivate fearlessness.
Gandhi used to give enough stress on morality. In his view truth was the essence of morality.

AHSEC Class - 11 Question Papers: Banking' 2015

Full Marks: 100
Time: 3 hours
The figures in the margin indicate full marks for the questions.
1.       Answer as directed:                                1x8=8
(a) The banking Regulation Act was passed in the year ____. (Fill in the gap)
(b) What do you mean by Barter system?
(c) State a characteristic of inflation.
(d) RRBs were started in the year 1967 / 1975 / 1976. (Choose the correct answer)
(e) In which year Co-operative Credit System was introduced?
(f) Who is authorised to issue notes in India?
(g) Write the full form of ATM.
(h) Write the name of the Central Bank of our country.
 2.       What is Savings Bank?                            2
3.       Name any two public sector banks in India. 2
4.       Give the meaning of prosperity.                       2
5.       Who is a Bank Customer?     2
6.       Write two functions of Regional Rural Banks.              2

AHSEC - Class 11 Question Paper: Banking' 2016

Full Marks: 100
Time: 3 hours
The figures in the margin indicate full marks for the questions

1. Answer as directed:                   1x8=8
a)         In which year ‘Central Bank’ in India was established?
b)         The ‘Imperial Bank of India Act’ was passed in ____. (Fill in the blank)
c)          What is inflation?
d)         State the meaning of e-banking.
e)         What is Investment Bank?
f)          Write the full form of NABARD.
g)         All the ATMs are open for 12/18/24 hours. (Choose the correct answer)
h)         Explain who is a minor.
2. Give the definition of Bank.                                    2
3. State the meaning of bank rate.                           2
4. What is barter system?                                             2
5. Mention any two defects of Indigenous Bank.                                               2
6. Classify bank accounts.                                             2
7. Give the meaning of overdraft.                            3
8. Explain about any three internal departments of a bank.                          3
9. What do you mean by Trade Cycle?                    3
10. Explain why the Central Bank is called ‘banker’s bank’.                            3

AHSEC - Class 11 Question Paper: Business Studies' 2016

Full Marks: 100
Time: 3 hours
The figures in the margin indicate full marks for the questions

1. Answer the following questions:                          1x8=8
a)         Name the head of Joint Hindu Family Business.
b)         In which business organization there is separation of ownership and management?
c)          Which document is called a charter of the company?
d)         Name the partner whose association with the firm is not known to the general public.
e)         Name the company formed as a result of partnership between two companies.
f)          Give one example of chain store.
g)         As per SEBI guidelines, what is the minimum subscription that a company must receive before issue of shares?
h)         Name two sources of funds under owner’s fund.
2. What is a prospectus?                               2
3. Give the meaning of business ethics.                                 2
4. What do you understand by letter of credit?                  2
5. Mention two characteristics of statutory corporation.                                2
6. What is global enterprise?                       2
7. State any three features of sole proprietorship business.         3
8. Explain the social responsibilities of a business towards the environment.                        3
9. Mention the non-economic objectives of business.                    3
10. Explain ‘Inter-Corporate deposit’ as a source of finance.                        3

Sunday, December 11, 2016

AHSEC - Accounting for Share capital and Debentures – Comprehensive Practical problems for March’ 2017 Exam

AHSEC - Accounting for Share capital – Comprehensive Practical problems for March’ 2017 Exam
Average 22 marks expected from this chapter
MCQ – 2, Theoretical Question – 2+5, Practical problems – 5+8
A. Questions relating to Cash book and Balance sheet (Long Questions Carrying 8 Marks)
Q. (2010). A. Ltd was registered with an authorised capital of 5, 00,000 divided into 50,000 Equity shares of Rs. 10 each. The company issued 30,000 shares to the public payable as follows:
On application Rs. 2 per share.
On allotment Rs. 3 per share and the balance in two equal calls.
The company received applications for 20,000 shares and received all the money except the final call on 200 shares held by Raju. Expenses on issue amounted to Rs. 500. Pass Journal entries and show how these figures will appear in the Balance Sheet of the company.
Q. (2012). Ashok Publications Ltd. issues 3,000 shares of Rs. 10 each, payable as follows:
On application Rs. 2
On allotment Rs. 3
On first call Rs. 2
And the balance when required.
                3,200 shares were applied for applications for Rs. 3,000 were accepted by the Directors and the balance applications were rejected and money returned. Allotment money was duly received and First call money was received on 2,950 shares. Pass Journal entries in the books of the company for the above transactions.

Saturday, December 10, 2016

Business Studies - Class 11: Business Services

Unit – IV: Business Services
Very Short answer types Questions
1. To which insurance Principle if Indemnity is not applicable?
Ans. Life Insurance
2. What is the full name of A.T.M.?
Ans. Automated Teller Machine
3. Who are the central Bank of our country and which is the largest commercial bank of our country?
Ans. Reserve Bank of India is central bank of our country and State bank of India is largest commercial Bank
4. “The Cause for loss must be related to the purpose of insurance” Which principle of insurance is related to this statement?
Ans. Principle of proximate cause
5. “The insured must have an interest in the subject matter of insurance” Which principle of insurance is related to this statement?
Ans. Principle of insurable interest
6. What are the two functions of E- Banking?
Ans. 1. ATM (Automated Teller Machine) 2. EFT (Electronic Fund Transfer)

Short/ Long answer type questions:
Q.1. What are Business services? Explain their characteristics. Distinguish between goods and services.

Business Studies - Class 11: Nature and Purpose of Business

Unit – 1: Nature and Purpose of Business
Short Question and Answer (1/2/3 Marks)
Q.1. Define business.                                                                                                    1999, 2001
Ans: Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants.
Q.2. What are non- economic activities?                              2008, 2010
Ans: Non-economic activities are those activities, which are pursued by human beings because of social, psychological and religions sentiments. For example: working in own garden, cooking for family members.
Q.3. What are economic activities?                                          
Ans: Economic activities are those that are concerned with production, exchange and distribution of goods and rendering of services to earn money.
Q.4. What is business risk?                       
Ans: Business Risk: Business risk means possibility of some occurrence, which might lead to some loss for the business.
Q.5. What is meant by Profession? Explain with examples.                         1999, 2004, 2010
Ans: A profession is a specialised occupation, which involves rendering of personal services by using professional knowledge. Code of conduct it the characteristics of profession. The examples of professionals are doctors, lawyers, accountants, engineers etc.
Q.6. What term is used to refer to physical arrangement of machines and equipment needed to manufacture a product?

Business Studies - Class 11: Forms of Business Organisation

Unit – II: Forms of Business Organisation
Short Question and Answer (1/2/3 Marks)
1. Varun is the only owner of his restaurant. Name the form of business organization.       
Ans: Sole proprietorship.
2. Name the form of organization found only in India   
Ans: Joint Hindu Family or Hindu Undivided Family
3. List two merits of Sole proprietorship.
Ans: (i) Single ownership (ii) Full control.
4. Name any one business in which sole proprietorship is most suitable.
Ans: Tailoring
5. Name the type of partnership which is formed to accomplish a specific project for a specific time.
Ans: Particular partnership
6. State any one consequence of non registration of a partnership firm.
Ans: An unregistered firm cannot file a case against third parties.
7. What is the minimum number of persons required to form a cooperative society?        2008
Ans: Ten
8. Name the type of company which can invite the public to subscribe for the shares or debentures.
Ans: Public.
9. Name the process by which a joint stock company is registered.

Business Studies - Class 11: Private, Public and Global Enterprises

Unit – III: Private, Public and Global Enterprises
Q.1. Classify all the forms of business enterprises.
Ans: Business enterprises or business undertakings may broadly be classified into two categories on the basis of ownership: (1) Private Sector (2) Public Sector
Q.2.  Describe the meaning of public sector enterprise. Mention its features. What are its various forms?
Ans: The public sector consists of various organisations owned and managed by the government. These organisations may either by partly or wholly owned by the central or state government. They may also be a part of the ministry or come into existence by the Special Act of Parliament.
Its features are:                                                                2015
(1) It is owned by central or state government.
(2) It is managed by persons appointed by government.
(3) Its main objective is to provide service to society.
The forms of organisation which a public enterprise may take are as follows:
a)      Departmental undertaking.
b)      Statutory Corporation.
c)       Government Company.
Q.3. Describe the meaning of Private Sector Enterprise. Mention its features. Distinguish between public and private sector.
Ans: A private sector enterprise or a private enterprise is one, which is owned, managed and controlled by an individual or group of persons (individuals) jointly.

Business Studies - Class 11: Emerging Modes of Business

Unit – V: Emerging Modes of Business
Very Short answer types Questions:
1. Name the popular name of Debit and Credit Card.
Ans. Plastic Money
2. Which electronic currency exists in cyberspace?
Ans. Digital Cash
3. Give the full name of BPO?
Ans. Business process outsourcing
4 . Which is the common mode of payment under E -Commerce?
Ans. Credit Card
5. Name the service in which a firm gets its tasks done by another firm.?
Ans. BPO
6. What does ‘e’ stand for in e-commerce?
Ans. electronic
Short/ Long answer type questions:
Q.1. What is E-Business? Mention its scope.
Ans: E – Business: E – Business refers to all business transactions and functions conducted electronically.

Business Studies - Class 11: Social Responsibility of Business

Unit – VI: Social Responsibility of Business towards various section of the society
Q.1. When enterprises behave as good citizen, towards which group are they showing their responsibility?
Ans. Government and community
Q. 2. “A Business owes certain obligations towards different groups” Identify those groups and explain the obligation of business towards those groups.
Ans. Consumer ,Shareholders ,Employees, Government ,Community and Suppliers
Q.3. Which groups expects that the companies must provide good quality and unadulterated goods and services as their social responsibility?
Ans. Consumer group
Q.4 . Name the concept which is concerned with what is right and what is wrong?
Ans. Ethics
Q.5. What is the relationship between ethics and moral values?
Ans. Higher moral values lead to higher ethics.
Q.6. Give any two reasons against social obligation.
Ans. 1.Profit Motive 2.lack of social skill
Q.7. What do you mean by ecology?        
Ans: Ecology is concerned with the relationship of living beings with their natural or physical environment. It provides a framework by which we can see that all living things are related to other living things.
Q.8. Give some examples of business ethics.

Business Studies - Class 11: Stages in Formation of a Company

Unit – VII: Stages in Formation of a Company
Very Short answer Question (One mark each):
Q.1. By whom the qualification shares are subscribed?
Ans: The directors of the company subscribe the qualification shares.
Q.2. How many signatories are required for the Memorandum of Association of a public Limited Company?
Ans:  Seven members are required to sign the Memorandum of Association of a public limited Company.
Q.3. How many signatories are required for the Memorandum of Association of a Private Company?
Ans:  Two members are required for the Memorandum of Association of a private company.
Q.4. When can a private company commence business?                              2015
Ans:  A private company can commence business after obtaining Certificate of Incorporation.
Q.5. When can a public company commence business?
Ans: A public company can commence business after obtaining certificate to commence business.
Q.6. What documents specify the objectives of the company?
Ans: - Memorandum of Association specifies the objects of the company.
Q.7. Which document is issued by a company to invite public to purchase its shares?    2010
Ans: - Prospectus is issued by a company to invite public to purchase its shares.
Q.8. What is a company?

Business Studies - Class 11: Source of Business Finance

Unit – VIII: Source of Business finance
Very Short answer Question (One mark each):
Q.1. In Which year IDBI was established?                                             2009
Ans: 1964
Q.2. Name the first public financial institution set up in India.
Ans: IFCI (Industrial Finance Corporation of India)
Q.3. Write the full form of IDBI and SIDBI.
Ans: IDBI: Industrial Development Bank of India.
SIDBI: Small Industries Development Bank of India
Q.4. What do the debentures represent?
Ans: Borrowed Capital of the company.
Q.5. What is the source of raising the Public Deposits?
Ans: The Public.
 Q.6. What is equity shareholders called?
Ans: Owners of the company.
Q.7. What is the maturity period of Commercial Papers?
Ans:  The maturity period of commercial paper ranges from 90-364 days.
Q.8. From where internal source of capital is generated?
Ans: - It is generated within the business.
Q.9. Funds required for purchasing current assets comes under which head?
Ans: Working capital Requirement

Business Studies - Class 11: Small Business

Unit – IX: Small Business
Very Short Types Questions and Answers (1 Mark)
1. State any two external causes of sickness in small scale industry.
Ans. 1.Delayed Payment2. Shortage of Capital
2. Do you think that small –scale business can survive in a competitive market? Give reasons to support your answer.
Ans. Yes the small scale business can survive in a competitive market. Following points can be presented for support of answer: 1. Personal attention 2. Flexibility of Operation 3. Individual attitude 4. Social Utility 5. Individual attitude.
3. Name a few areas where SSI feels threatened with the onslaught of global competition.
Ans. 1. Technological skill 2. Quality standard 3.Managerial and marketing skill
4. What is the investment limit for SSI?
Ans. Rs.10 crores.
5. State the features of cottage industries.
Ans. 1. Use family labour and local talent 2. Equipment used in simple 3. Organized by individuals with private resources
7. Name the institution which was set up in 1955 to promote the growth of SSI.
8. Give the full form of NABARD.
Ans: NATIONAL BANK FOR AGRICULTURAL AND RURAL DEVELOPMENT. It was set up in 1982 to promote integrated rural development.

Business Studies - Class 11: Internal Trade

Unit – X: Internal Trade
Very Short answer Question (One mark each):
Q.1. What do you mean by internal trade?
Ans: Internal trade means buying and selling of goods and services within the national boundaries of the country.
Q.2. What is “breaking the bulk” in wholesale trade?
Ans: It is a function of wholesale and it means subdivision.
Q.3. What is meant by retail trade?
Ans: Retail trade means selling in small quantities rather than in gross.
Q.4. What is the meaning of wholesale trade?
Ans: Wholesale trade means buying the goods in large quantity directly from the producers and selling them to retailers in small quantity.
Q.5. Define departmental stores.
Ans: According to Thomas “A large retail establishment having in the same building a number of departments each of which confine its activities to one particular branch trade and forms a complete unit in itself”.
Q.6. What is Vending Machine?
Ans: Vending machines are proving in selling pre packed brands of low priced products which have high turnover and which are uniform in size and weight.
Q.7. By what name the traders who do not have a fixed place of business to operate from are known?

Business Studies - Class 11: International Trade

Unit – XI: International Trade (Part I and Part II)
Q.1. Define international business.
Ans: The international movement of goods, services, capital, personnel, technology and intellectual property in different countries is called international business.
Q.2. What is a joint venture?
Ans: A joint venture means any form of association that is jointly owned by two or more independent firms.
Q.3. What is the need for international business?
Ans: Due to unequal distribution of natural resources among countries, they cannot produce equally and cheaply all that they need.
Q.4. What do you mean by EXIM Policy and who regulates it?
Ans: EXIM Policy means export and import policy and it is regulated by the Central Government.
Q.5. What is entrepot trade?
Ans: When goods are imported with a view to re-export them, it is known as entrepot trade.
Q.6. What are the limitations of exporting and importing?
Ans: The limitations of exporting and importing are as follows:
a)      Involves huge cost of packaging, insurance and transportation;
b)      Custom clearance of goods is difficult;
c)       The government policy of some countries may not be favorable to export and import.
Q.7. What are the features of international business?
Ans:  The important features of international business are as follows:

Saturday, December 03, 2016

AHSEC Class 11 Question Paper: Book Keeping and Accountancy' 2015

Full Marks: 100
Time: 3 hours

The figures in the margin indicate full marks for the questions.
1. (a) Fill in the blanks:                   1x4=4
(i) Accounting records only the transactions of ____ nature.
(ii) Assets = Liabilities + ____.
(iii) Excess of ____ capital over ____ capital represents loss.
(b) State whether the following statements are true or false:                     1x4=4
(i) Closing stock is usually not shown in the Trial Balance.
(ii) A Bank Reconciliation Statement is prepared by customer of a bank.
(iii) The full form of CPU is Current Processing Unit.
(iv) The SQL is used to access data in a database.
2. Write the meaning of Accounting.       2
3. What do you mean by Accounting Standard? 2
4. What is a Trial Balance?                             2
5. Write any two distinctions between Provision and Reserves. 2
6. Write any two features of incomplete records.                             2
7. Explain briefly about three users of accounting information.   3

AHSEC Class 11 Question Paper: Book Keeping and Accountancy' 2016

Full Marks: 100
Time: 3 hours
The figures in the margin indicate full marks for the questions

1. (a) Fill in the blanks:                   1x4=4
                                 i.            Every business transaction has _____ aspects.
                               ii.            Trial Balance is a Proof only of the _____ accuracy of the accounts.
                              iii.            Single Entry System is a _____ system.
                             iv.            The full form of CPU is _____.
    (b) State whether the following are true or false:                         1x2=2
                                 i.            Accounting is both a science and an art.
                               ii.            Accountants regard a business separate from its proprietors.
    (c) Rewrite the sentences with appropriate alternatives:                          1x2=2
                                 i.            Credit note is prepared by Debtor / Creditor.
                               ii.            Computerized Accounting System is a system of maintaining records of financial / non-financial transactions in electronic form.
2. What do you understand by the terms “Debit” and “Credit”?                                 2
3. What is a Trial Balance?                             2
4. Mention the various kinds of Reserve.                              2
5. State the two points of difference between “Bill of Exchange” and “Promissory Note”.            2

AHSEC - Class 11: Computer Accounting and Database System

Unit – 9: Computer Accounting and Database System
Q.1. What is Computer? Mention its features.                                  2015
Ans: A computer is an electronic device or machine which performs various functions and helpful in accounting. A programmable machine that receipts input, stores and automatically manipulates data, and provide output in a useful format.
Features of computers:
1. It can store large amount of information within it and make available to use when required.
2. The computer can do various operations on the data.
3. It can perform calculation, such as addition, subtraction, multiplication and division.
4. A computer can perform logical functions and can compare two numbers or alphabets.
Q.2. What are various advantages and disadvantages of computers?      2015
Ans: Advantages of computers: 
1)      They can help us automate various tasks that you cannot do manually. 
2)      They can help us organize our data and information. 
3)      They may help our work to be a lot easier. 
4)      It saves your time. 
Disadvantages of computers: 
1)      They may distract students from their studies. 
2)      Too much time in front of monitor may adversely affect our eyesight. 

AHSEC - Class 11: Financial Statements

Unit – 7: Financial Statements
Q.1. What is financial statements? Mention its types. Who are the users of financial statements?
Ans: Meaning: The financial statement provide a summary of the accounts of a business enterprise. Financial statement include two statements include two statements:
a)      Trading and Profit and Loss Account‟ or Income Statement‟ (To Know Profit or loss)
b)      Balance Sheet (To know value of assets and liabilities on the closing date of an accounting period)
Users of Accounting Information:
Internal Users: Management, Employees, Current owners.
External Users: Potential Investors Government, Banks/Lenders, Stock Exchange, Suppliers and Trade Creditors, Public.
Q.2. What is operating profit, Gross profit and net profit?                           2010
Ans: Operating Profit: Operating profit is that profit which is earned through the normal activities of the business. It can be ascertained by deducting all operating expenses from the gross profit.
Gross Profit: It is the excess of net sales over cost of goods sold. It is the profit added by the owner to sale the goods to the customers. Excess of cost of goods sold over net sales is called gross loss.
Net Profit: Net profit is that profit which is earned after deducting all operating as well as non operating expenses from the Gross Profit.
Q.3. What is balance sheet? Give five characteristics and objectives of balance sheet.          2006

AHSEC Class 12 Question Papers: Accountany' 2016

Full Marks: 100
Pass Marks: 30, Time: Three Hours.
The figures in the margin indicate full marks for the questions.
1. (a) Fill in the blanks with appropriate word:                     1x4=4
a)      In the absence of Partnership Deed, a Partner who advances money to the firm beyond the amount of his / her capital is entitled to get interest thereon at the rate of _____ % per annum as per Partnership Act, 1932.
b)      The members of a Partnership business are collectively known as _____.
c)       The amount due to the retiring partner is transferred to his / her _____ Account in case it is not paid immediately.
d)      In case of fixed capital, a partner’s Capital Account always shows a _____ balance.
(b) Choose the correct alternative:                          1x2=2
                     i.         Financial Statements of a company include:
1)      Balance Sheet.
2)      Profit and Loss Account.
3)      Cash flow Statement.
4)      All of the above.
                   ii.         Profit and Loss Account is also known as _____ statement.
(c) State whether the following statements are true or false:                      1x2=2