Plus One Computer Science Model Question Paper 2

Kerala Plus One Computer Science Model Question Paper 2

Answer all question from 1 to 5
Plus One Computer Science Model Question Papers Paper 1

Question 1.
Abacus was discovered by the ………..
Plus One Computer Science Model Question Papers Paper 2

Question 2.
The name given to a storage location is known as ……………
Plus One Computer Science Model Question Papers Paper 2.1

Question 3.
………………….. statement takes the program out of the loop even though the test expression is true.
Plus One Computer Science Model Question Papers Paper 2.2

Question 4.
Name the header file required for a us­ing console I/O function.
Plus One Computer Science Model Question Papers Paper 2.3

Question 5.
Write the full form of FTTH.
Plus One Computer Science Model Question Papers Paper 2.4

Answer any nine questions from 6 to 16
Plus One Computer Science Model Question Papers Paper 2.5

Question 6.
On what factors, the action of the Turing machine depends?
Plus One Computer Science Model Question Papers Paper 2.6

Question 7.
Express the integer number -39 in sign and magnitude representation.

Plus One Computer Science Model Question Papers Paper 2.7
Plus One Computer Science Model Question Papers Paper 2.8

Question 8.
What is a control unit?
Plus One Computer Science Model Question Papers Paper 2.9

Question 9.
“It is better to give proper documenta­tion within the program”. Give a rea­son.
Plus One Computer Science Model Question Papers Paper 2.10

Question 10.
Mention the purpose of tokens in C++. Write names of any four tokens in C++.
Plus One Computer Science Model Question Papers Paper 2.32

Question 11.
What is a variable? List the two values associated with it.
Plus One Computer Science Model Question Papers Paper 2.11

Question 12.
Declare an array of size 5 and initialize it with the number 8, 7, 2, 4 and 6.
Plus One Computer Science Model Question Papers Paper 2.12

Question 13.
Consider the following C++ statements:
Plus One Computer Science Model Question Papers Paper 2.13
char word [20];
cin>>word;
cout<<word;
gets (word) ;
puts (word) ;
If the string entered is “HAPPY NEW YEAR”, predict the output and justify your answer.
Plus One Computer Science Model Question Papers Paper 2.14

Question 14.
What will be the output of the state­ment?
Plus One Computer Science Model Question Papers Paper 2.15

Question 15.
a. Define Intranet.
Plus One Computer Science Model Question Papers Paper 2.16
b. Write the structure of an email ad­dress.
Plus One Computer Science Model Question Papers Paper 2.17

Question 16.
How does a Trojan horse affect a com­puter?

Answer any nine questions from 17 to 27.
Plus One Computer Science Model Question Papers Paper 2.18
Question 17.
Fill in the blanks:
Plus One Computer Science Model Question Papers Paper 2.19
a. (o.625)10 = (……………. )2
b. (38o)10 = (………. )16
c. (437)8 = (………………………… )2

Question 18.
What are the methods of representing characters in computer memory?
Plus One Computer Science Model Question Papers Paper 2.20

Question 19.
Differentiate between freeware and shareware.
Plus One Computer Science Model Question Papers Paper 2.33

Question 20.
Write a C++ program to accept an in­teger number and print its reverse. (Hint: If 234 is given, the output must be 432).
Plus One Computer Science Model Question Papers Paper 2.21

Question 21.
What are the limitations of a flow-chart?
Plus One Computer Science Model Question Papers Paper 2.34

Question 22.
Raju wants to add value 1 to the vari­able ‘p’ and store the new value in ‘p’ itself. Write four different statements in C++ to do the task.
Plus One Computer Science Model Question Papers Paper 2.22

Question 23.
Compare and discuss the suitability of three loops in different situations.
Plus One Computer Science Model Question Papers Paper 2.23

Question 24.
Define an array. Also, write an algo­rithm for searching an element in the array using any one method that you are familiar with.
Plus One Computer Science Model Question Papers Paper 2.25

Question 25.
Write a program to find the sum and average of elements in a 2D array.
Plus One Computer Science Model Question Papers Paper 2.26

Question 26.
Write a program for swapping the val­ues of two variables.

Answer any two questions from 28 to 30
Plus One Computer Science Model Question Papers Paper 2.27

Question 27.
Write a program to combine two strings if they are different and find its length.

Question 28.
Briefly explain various types of memory
Plus One Computer Science Model Question Papers Paper 2.28

Question 29.
Explain the different jump statements available in C++.
Plus One Computer Science Model Question Papers Paper 2.29

Question 30.
How are computer network classified based on size?
Plus One Computer Science Model Question Papers Paper 2.30

Answer

Answer 1.
Mesopotamians

Answer 2.
variable

Answer 3.
break

Answer 4.
Stdio.h

Answer 5.
Fibre To The Home

Answer 6.
The action of a Turing machine is de­termined by:

  • the current state of the machine.
  • the symbol in the cell currently be­ing scanned by the head.
  • a table of transition rules, which serve as the ‘program’ for the machine.

Answer 7.
The number is negative, so a first bit (MSB) is 1
7-bit binary equivalent of 39
= (100111)2
So -39 can be written as (1100111)2

Answer 8.
Control unit (CU) is responsible for ac­tivating and controlling the operations of the units of the computer. Each of the functional units has its own func­tion, but none of these will perform the function until it is asked to, this task is assigned to the control unit.

Answer 9.
Documentation is an on-going process. that starts in the problem study phase of the system and continues till its implementation and operation. We can write comments in the source code as part of the documentation. It provides suffi­cient information in a program to un­derstand its working. If the program is documented, it helps to understand the logic we applied. It helps the debugging process as well as a program modification at a later stage.

Answer 10.
Tokens or lexical units are the funda­mental building blocks of the program. C++ has five types of tokens. They are keywords, identifiers, literals, punc­tuators, and operators.

Answer 11.
Variables are the names given to memory locations. There are two values associated with a variable. They are R-value and L-value. The R-value represents the data and L­value represents the memory address of the variable.

Answer 12.

int A[5];
A[5] = {8, 7, 2, 4, 6};
OR
int A[5] = {8, 7, 2, 4, 6};

Answer 13.
The output will be,
HAPPY
HAPPY NEW YEAR
Because cin statement reads till a whi­te space. But the function gets( ) is a con­sole input function used to accept a string of characters including white spaces from the standard input device (keyboard).

Answer 14.
It displays ‘a’ on the screen. If an inte­ger value is given as the argument, it will be considered as an ASCII value and the corresponding character will be dis­played.

Answer 15.
a. A private network inside a company or organisation is called intranet.
b. The structure of an e-mail address is, user-name@domainname
eg., vinu@gmail.com Here username is vinu domain name is gmail.com

Answer 16.
It appears as a useful software but it is a harmful software and it will delete useful software or files. They allow malicious user access to confidential and personal information in the computer through the network without the knowledge of the user.

Answer 17.
Plus One Computer Science Model Question Papers Paper 2.31

Answer 18.
Characters are representing as binary codes in computer memory. Various codes are ASCII (American Standard Code for Information Interchange), EB­CDIC (Extended Binary Coded Decimal Interchange Code), ISCII (Indian Stan­dard Code for Information Interchange/ Indian Script Code for Information In­terchange) and Unicode.

Answer 19.
Freeware refers to copyrighted com­puter software which is made available for use free of charge for an unlimited period. In these, all the features are free. Shareware refers to commercial soft­ware that is distributed on a trial basis. It is distributed without payment and with limited functionality. All the fea­tures are not free.

Answer 20.

#include <iostream> 
using namespace std; int main( )
{
int num, c, digit, rev=o; 
cout<<“Enter the number: ";
cin> >num; 
c = num; 
while(num != o)
{
digit = num % 10; 
rev = (rev * 10)+ digit;
num = num/10;
}
cout<<“The reverse of the number is” 
< <rev; 
return o;
}

Answer 21.
1. Flowcharts are very time consum­ing and laborious to draw with proper symbols and spacing.
2. Owing to the symbol-string nature of flowcharting, any change or modifi­cation in the logic of the algorithm usu­ally requires a completely new flow­chart.
3. There are no standards determining the amount of detail that should be in­cluded in a flowchart.

Answer 22.
p = p + 1;
p+ + ;
++p;
p+=i;

Answer 23.
for loop:

  1. Entry controlled loop.
  2. Initialization along with loop defini­tion.
  3. No guarantee to execute the loop body at least once.

while loop:

  1. Entry controlled loop.
  2. Initialization before loop definition.
  3. No guarantee to execute the loop body at least once.

do….while loop:

  1. Exit controlled loop.
  2. Initialization before loop definition.
  3. Will execute the loop body at least once even though the condition is False.

Answer 24.
An array is a collection of elements of the same type placed in contiguous memory locations.
Algorithm for Linear search
Step 1: Start
Step 2: Accept a value in N as the num­ber of elements of the array
Step 3: Accept N elements into the ar­ray AR
Step 4: Accept the value to be searched in the variable ITEM
Step 5: Set LOC = -1
Step 6: Starting from the first position, repeat Step 7 until the last element
Step 7: Check whether the value in ITEM is found in the current position. If found then store the position in LOC and Go to Step 8, else move to the next posi­tion.
Step 8: If the value of LOC is less than o then display “Not Found”, else display the value of LOC + 1 as the position of the search value.
Step 9: Stop

Answer 25.

#include <iostream>
#include <cstdlib> using namespace std; int main()
{
int m, n, i, j, s = o, A[io][io]; float avg;
cout<<“Enter the order of matrix:”;
cin>>m>>n;
cout<<“Enter the elements of matrix\n”;
for (i=o; i<m; i++)
{
for (j=o; j<n; j++) cin > > A[i] [j ];
}
for (i=o; i<m; i++)
{
for (j=o; j<n; j++) s = s + A[i][j];
}
avg = s/(m*n);
cout<<“Sum of the elements of matrix:”<<s;
cout<<“Average of the elements of matrix:”< <avg;
}

Answer 26.

#include <iostream> 
using namespace std; "
void swapfint & x, int & y)
{
int t = x;
x = y;
Y = t;
}
int main()
{
int m, n; m = 10; n = 20;
cout<<“Before swapping m= ”<< m <<“ and n= ”<<n; swap(m, n);
cout<<“\nAfter swapping m= ”<< m <<“ and n= ”<<n; return o;
}

Answer 27.

#include <iostream>
#include <cstring> 
using namespace std; 
int main( )
{
char s1[2o], s2[2o], s3[2o]; 
cout<<“Enter two strings: ”;
cin>>si>>s2; 
int n=strcmp(s1, S2);
if (n= = o)
cout<<“\nThe input strings are same”; 
else	
{	
cout<<“\nThe input strings are not
same”;
strcpy(s3, s1); 
strcat(s3, S2);
cout<<“\nString after concatenation is: ”<<S3;
cout<<“\nLength of the new string is” j 
<<strlen(s3);	
}
return o;
}

Answer 29.
Memory is a place where we can store data, instructions, and results in temporarily or permanently. Memory can be  classified into two:
1. Primary memory: Also refers to the main memory. It holds data, intermediate results and results of ongoing jobs; temporarily. This includes mainly; three types of memory.

i.RAM (Random Access Memory): The microprocessor can read from and write to. The contents of RAM are lost when power is switched off. Therefore, RAM is a volatile memory.

ii. ROM (Read Only Memory): It can perform only read operations and its contents cannot be easily altered. ROM is non-volatile; the contents are retained even after the power is switched off. It is used to hold boot up program is known as Basic Input Output System (BIOS). This software runs when the computer is switched on or ‘boots up’. Different types of ROM are PROM (Programmable ROM), EPROM (Erasable Programmable ROM), EEPROM (Electrically Erasable Programmable ROM)

iii. Cache memory: It is a small and fast memory between the processor and RAM. Frequently accessed data, instructions, intermediate results, etc. are stored in cache memory for quick access. Cache is more expensive than RAM.

iv. Secondary memory: Also known as auxiliary memory. It holds data and information permanently. Various devices in this type are a magnetic storage device (magnetic tape, hard disk), an optical storage device (Compact Disc (CD), Digital Versatile Disk (DVD), Bluray DVD), semiconductor memory (USB flash drive, flash memory cards).2 9. The statements that facilitate the transfer of program control from one place to another are called jump statements.
They are:

  • return statement: It is used to transfer control back to the calling program or to come out of a function.
  • goto statement: It can transfer the program control to anywhere in the function. The target destination of a goto statement is marked by a label, which is an identifier.
  • break statement: When a break statement is encountered in a program, it takes the program control outside the immediately enclosing loop (for, while, do…while) or switch statement. Execution continues from the statement immediately after the control structure.
  • continue statement: It is used for skipping over a part of the code within the loop-body and forcing the next iteration. The break statement forces termination of the loop, but continue statement forces next iteration of the loop.
  • exit() function: It terminates the pro­gram itself. And can be used in a pro­- gram only if we include the header file process.h.

Answer 30.
1. Personal Area Network (PAN): It is used to connect devices situated in a small radius by using guided media or unguided media.

2. Local Area Network (LAN); This is used to connect computers in a single room or buildings of one location by using twisted pair wire or coaxial ca­ble. Data transfer rate is high and the er­ror rate is less.

3. Metropolitan Area Network (MAN): It is a network spread over a city. MAN have lesser speed than LAN and the er­ror rate is less. Here optical fiber cable is used, eg., Cable TV network.

4. Wide Area Network (WAN): This is used to connect computers over a large geographical area. It is a network of net­works. Here the computers are con­nected using telephone lines or Micro­wave station or satellites. The error rate in rate in data transmission is high, eg., internet.

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Plus One Computer Science Previous Year Question Papers and Answers

Plus One Computer Science Model Question Paper 1

Kerala Plus One Computer Science Model Question Paper 1

Answer all question from 1 to 5
Plus One Computer Science Model Question Papers Paper 1

Question 1.
Which data type of C++ does not require any memory space?
Plus One Computer Science Model Question Papers Paper 1 .1

Question 2.
Who is regarded as the father of mod­ern Computer Science as well as artifi­cial intelligence?
Plus One Computer Science Model Question Papers Paper 1 .2

Question 3.
In C++, ………. loop will execute at least once even though the condition is false.
Plus One Computer Science Model Question Papers Paper 1 .3

Question 4.
In C++, ………. function is used to input a character or string using cin.
Plus One Computer Science Model Question Papers Paper 1 .4

Question 5.
Expand URL.
Plus One Computer Science Model Question Papers Paper 1 .5

Answer any nine questions from 6 to 16
Plus One Computer Science Model Question Papers Paper 1 .6

Question 6.
What are the advantages of the second gen­eration of computers over first genera­tion computers?
Plus One Computer Science Model Question Papers Paper 1 .7

Question 7.
Find the dual of following boolean equation:
Plus One Computer Science Model Question Papers Paper 1 .8

  1. \(X+\bar { X } =1 \)
  2. \((X+0).(X.1.\bar { X } )=0\)

Question 8.
Which are the various e-waste disposal methods?
Plus One Computer Science Model Question Papers Paper 1 .9

Question 9.
Draw the flowchart to find the simple interest. [Hint : I = P * N * R]
Plus One Computer Science Model Question Papers Paper 1 .10

Question 10.
Explain any two escape sequences used in C++.
Plus One Computer Science Model Question Papers Paper 1 .38

Question 11.
List and correct the errors in the fol­lowing C++ statement
Plus One Computer Science Model Question Papers Paper 1 .12

Question 12.
What are the different ways to write comments in C++?
Plus One Computer Science Model Question Papers Paper 1 .11

Question 13.
Write a brief explanation for the below mentioned C++ statement :
int a[ ]={2,3,5,6,9};
Plus One Computer Science Model Question Papers Paper 1 .13

Question 14.
Explain the memory allocation for the string.
Plus One Computer Science Model Question Papers Paper 1 .14

Question 15.
Which are the various e-waste disposal methods?
Plus One Computer Science Model Question Papers Paper 1 .15

Question 16.
What are the hardware and software requirements for connecting a com­puter to the internet?
Plus One Computer Science Model Question Papers Paper 1 .16

Answer any nine questions from 17 to 27
Plus One Computer Science Model Question Papers Paper 1 .17
Question 17.
Fill in the blanks.

(49)10 = (……………… )2 = (………………. )8 =

Question 18.
a. Write an algorithm to print the even numbers between 1 and 1oo.
Plus One Computer Science Model Question Papers Paper 1 .18
b. Write anyone advantages of using the flowchart.
Plus One Computer Science Model Question Papers Paper 1 .19

Question 19.
Explain different components of CPU.
Plus One Computer Science Model Question Papers Paper 1 .39

Question 20.
Which are the different universal ga­tes? Why they are called so? Draw the logical symbols of these gates.
Plus One Computer Science Model Question Papers Paper 1 .20

Question 21.
Describe the different phases in pro­gramming.
Plus One Computer Science Model Question Papers Paper 1 .21

Question 22.
What will be the output of the follow­ing C++ program?
Plus One Computer Science Model Question Papers Paper 1 .22

#include<iostream> 
using namespace std; int main()
{
int a, b, c;
a = 5; 
b = 8; 
c = a;
cout<<“\n Value of a is” <<++a;
cout<<“\n Value of b is” <<b++;
cout<<“\n Value of c is” <<- -c;
return 0;
}

Question 23.
Differentiate if……… else if and switch statements in C+ +.
Plus One Computer Science Model Question Papers Paper 1 .23

Question 24.
Explain any three array operations.
Plus One Computer Science Model Question Papers Paper 1 .25

Question 25.
Write C++ statements to declare a two-dimensional array of integers having 3 rows and 2 columns and input values to it
Plus One Computer Science Model Question Papers Paper 1 .24

Question 26.
Explain about any three string func­tions in the header file cstring.
Plus One Computer Science Model Question Papers Paper 1 .26

Question 27.
Differentiate call-by-value and call-by-reference methods in function calls.
Plus One Computer Science Model Question Papers Paper 1 .27

Answer any two questions from 28 to 30
Plus One Computer Science Model Question Papers Paper 1 .28

Question 28.
a. What is network topology?
Plus One Computer Science Model Question Papers Paper 1 .29
b. Which are the different types of net­work topologies?
Plus One Computer Science Model Question Papers Paper 1 .31

Question 29.
Explain about any five input or output devices used in a computer.
Plus One Computer Science Model Question Papers Paper 1 .32

Question 30.
Write a C++ program to input an inte­ger and check whether it is Amstrong number or not.
[Hint: Amstrong number is the one in which sum of cubes of digits in that number is the number itself.]

Answer

Plus One Computer Science Model Question Papers Paper 1 .34
Plus One Computer Science Model Question Papers Paper 1 .34
Answer 1.
void data type

Answer 2.
Alan Turing

Answer 3.
do……. while

Answer 4.
4- get()

Answer 5.
Uniform Resource Locator

Answer 6.
The first generation computers were built using vacuum tubes. This genera­tion implemented the stored program concept.
In second generation computers, vacu­um tubes were replaced by transistors. This allowed computers to become smaller and more powerful and faster. They also became less expensive, re­quired less electricity and emitted less heat.

Answer 7.

  1. \(X+\bar { X } =1 \)
  2. \((X+0).(X.1.\bar { X } )=0\)

Answer 8.
1. Reuse: It refers to second-hand use or usage after the equipment has been upgraded or modified
2. Incineration: It is a controlled and 10. C++ represents Octal Number and complete combustion process in which the waste is burned in specially designed incinerators at a high temperature in the range of 900 to 1000 degree Celsius.
3. Recycling: It is the process of making or manufacturing new products from a product that has originally served its purpose.
4. Landfilling: In this method, the soil is excavated from the trenches made and waste material is buried in it, which is covered by a thick layer of soil.

Answer 9.
Plus One Computer Science Model Question Papers Paper 1 .34

Answer 10.
C++ represents Octal Number and Hexadecimal Number with the help of escape sequences. The \on and \xHn represent a number in the octal number system and the hexadecimal number system respectively

Answer 11.
The letter ‘C’ in cout should be in the small letter. Every C++ statement end with a semicolon!;). After cout the << operator should be used. The correct statement is,
cout<<“Computer Science”;

Answer 12.
Comments are lines in the code that are added to describe the program. They are ignored by the compiler.

  1. Single line comment: The characters // (two slashes) is used. The text ap­pearing after // in a line is treated as a comment by the C++ compiler.
  2. Multiline comments: Anything writ­ten within /* and */ is treated as comm­ent so that the comment can take any number of lines.

Answer 13.
It is an integer array with name ‘a’. It is initialised at the time declaration | with values 2, 3, 5, 6, 9.

Answer 14.
The memory required depends upon the number of characters stored. A null character ‘\o’ is stored at the end of the string. This character is used as the string terminator and added at the end automatically. So the memory re­quired to store a string will be equal to the number of characters in the string plus one byte for the null character.
eg., char str[ ] = “Hello”;
Here the size of the array is not speci­fied and hence only 6 bytes will be allo­cated
(5 bytes for the string and 1 for ‘\o’).

Answer 15.
Scope of local variables:

  1. Declared within a function or a block of statements.
  2. Available only within that function or block.
  3. Memory is allocated when the func­tion or block is active and freed when the execution of the function or block is completed.

The scope of global variables:

  1. Declared outside all the functions.
  2. Available to all the functions of the program.
  3. Memory is allocated just before the execution of the program and freed when the program stops the execution.

Answer 16.
The hardware and software require­ment for internet:

  1. A computer with a modem (inter­nal/external).
  2. A telephone connection.
  3. An account with an ISP.
  4. A browser software.

Answer 17.
Plus One Computer Science Model Question Papers Paper 1 .35

Answer 18.
Let i be the variable.
Step 1: Start
Step 2: Let i = 2
Step 3: Print i
Step 4: i = i + 2
Step 5: If i>=1oo, then go to Step 3
Step 6: Stop
b. Better communication: Since a flow­chart is a pictorial representation of a program, it is easier for a programmer to explain the logic of the program to some other programmer through a flow­chart rather than the program itself.

Answer 19.
The CPU consists of three components; Control unit (CU), Arithmetic logic unit (ALU) and registers. All the major calculations and comparisons are made inside ALU. CU is responsible for acti­vating and controlling the operations of the units of the computer. Registers are storage locations inside CPU, whose content can be accessed more quickly by the CPU than other memory. They are temporary storage areas for in­structions or data.

Answer 20.
The NAND and NOR gates are called universal gates. A universal gate is a gate which can implement any Boolean function with­out using any other gate type.
NAND gate: This is an AND gate with its output inverted by a NOT gate.
Plus One Computer Science Model Question Papers Paper 1 .36
NOR gate: This is an OR gate with its output inverted by a NOT gate.
Plus One Computer Science Model Question Papers Paper 1 .37

Answer 21.
1. Problem identification: During this phase, you will be able to identify the data involved in processing, its type and quality, the formula to be used, activities involved and the output to be obtained. This is the challenging phase as it ex­ploits the efficiency of the programmer.

2. Preparing algorithms and flowcha­rts: Once the problem is identified, it is necessary to develop a precise step-by­step procedure to solve the problem. This procedure is not new or confined to computers.

3. Coding the program: The process of writing program instructions to solve a problem is called coding. The program written in any HLL is known as source code.

4. Translation: It is the process of con­verting a program written in a high-level language into its equivalent version in machine language. The compiler or in­terpreter is used for this purpose.

5. Debugging: It is the stage where the project known as ‘bugs’ and the process of de­tecting and correcting these errors is called debugging.

Answer 22.
a = 5
b = 9
c = 4

Answer 23.
Switch:

  1. Permits multiple branching.
  2. Evaluates conditions with equality operator only.
  3. Case constant must be an integer or I a character type value.
  4. When no match is found, the default statement is executed.
  5. the break statement is required to exit from the switch statement.
  6. More efficient when the same vari­able or expression is compared against a set of values for equality.

else if ladder:

  1. Permits multiple branching.
  2. Evaluates any relational or logical expression.
  3. The condition may include a range of values and floating point constants.
  4. When no expression evaluates to  True, else block is executed.
  5. Program control automatically goes out after the completion of a block.
  6. More flexible and versatile compared to switch.

Answer 24.
1. Traversal:  Accessing each element of the array at least once is called tra­versal. We can use this operation to check the correctness of operations dur­ing operations like insertion, deletion etc. Displaying all the elements of an array is an example of traversal,

eg., for (i=o; i,<1o; i++) 
cout<< a[i]<< “\t”;

2. Sorting: It is the process of arrang­ing the elements of the array in some logical order. This logical order may be ascending or descending in case of nu­meric values or dictionary order in case of strings.

3. Searching: It is the process of finding the location of the given element in the array. The search is said to be success­. full if the given element is found, that is the element exists in the array; other­wise unsuccessful. There are basically two approaches to a search operation. They are linear search and binary search.

#include <iostream> 
using namespace std;
int main( )
{
int mat[3][2], i, j; 
cout<<“Enter the elements\n”; 
for(i=o; i<3; i++) 
for(j=o; j<2; j++) 
cin>>mat[i][j]; return o;
}

Answer 26.
1. strlen (): This function is used to find the length of a string, i.e., the number of characters in the string. Its syntax is:
int strlen (string);
eg., n = strlen (“Hello”);
Here returns the number of characters in the string, i.e. 5 to the variable n.

2. strcpy( ): This function is used to copy one string into another. The syntax is: strcpy
(string 1, string 2);
The function will copy string 2 to string 1.
eg., strcpy(s1,s2);

3. strcat( ): This function is used to ap­pend one string to another string. The length of the resultant string is the to­tal length of the two strings. The syn­tax is strcat (string 1, string 2);
The size of the first argument should be able to accommodate both the strings together.
eg., strcat(s1,s2);

Answer 27.
Call by value method:

  1. Ordinary variables are used as for­mal parameters.
  2. Actual parameters may be con­stants, variables or expressions.
  3. The changes made in the formal ar­guments are not reflected in actual ar­guments.
  4. Exclusive memory allocation is re­quired for the formal arguments.

Call by reference method:

  1. Reference variables are used as for­mal parameters.
  2. Actual parameters will be variables only.
  3. The changes made in the formal ar­guments are reflected in actual argu­ments.
  4. The memory of actual arguments is shared by formal arguments.

Answer 28.
1. a. The physical or logical arrangement of computers on a network is called struc­ture or topology. It is the geometrical arrangement of computers in a net­work.
b. Star, ring, mesh, bus, tree, and hy­brid are the different network topolo­gies.
c. Star topology: It has a server all other computers are connected to it. Advan­tages add or remove workstations to a star network is easy and the failure of a workstation will not effect the other. The disadvantages are that if the server fails the entire network will fail.

2. Bus topology: All the computers are attached to a single cable called the bus. Here one computer transmits all other computers listen. Therefore it is called the broadcast bus. The transmission from any station will travel in both the di­rection. The connected computers can hear the message and check whether it is for them or not. Advantages are added or remove computer is very easy. It requires less cable length and the in­stallation cost is less. The disadvantage is fault detection is very difficult because of no central computer.

Answer 29.
Input devices are:
1. A light pen is a pointing device shaped like a pen. The tip of the light pen con­tains a light-sensitive element which when placed against the screen en­abling the computer to identify the lo­cation of the pen on the screen. The ad­vantage is drawing directly on to the screen.

2. The touch screen allows the user to oper­ate by simply touching on the display screen. It can also be operated using a stylus which gives more precision,

3. The joystick is used for playing video games, controlling training simulators and robots. The joystick has a vertical stick which can move in any direction. It has a button on the top that is used to select the option pointed by the cursor.

4. Keyboard: It is the most common in­put device. It allows the user to input alphabets, numbers and other charac­ters, Keyboard detects the key pressed and generates the corresponding ASCII code which can be recognised by the computer. It has a keyboard layout called the QWERTY design.

5. Mouse: It is a small hand-held device used to indicate the position of a cursor or its movement on a computer display screen by rolling it over a mouse pad/ flat surface. A mouse has one or more buttons and possibly a scroll wheel. The scroll wheel is used for scrolling the screen vertically or horizontally.

Output devices are:

1. Visual Display Unit (VDU): It visu­ally conveys text, graphics, and video information. The information shown on a display device is called soft copy because and is displayed for a temporary period of time.

2. Printers: These are used to produce hardcopy output. Based on the technol­ogy used, they can be classified as im­pact printers and non-impact printers.

3. Plotter: It is an output device used to produce hard copies of graphs and designs on the paper.

4. 3D printer: It is a new generation output device used to print 3D objects. The 3D printing process turns the ob­ject to be printed into thousands of horizontal tiny little layer. These tiny layers stick together to form a solid object.

5. Speaker: It produces sound. The speaker produces sound by the move­ment of the diaphragm in the speaker forward and backward according to the electrical signals coming out of the au­dio port.

Answer 30.

include<iostream>
using namespace std;
int main()
{
int n, i = 1, r, cb = o; cout<<“Enter a number: cin>>n; i =n; while (n)
{
r = n%io;
cb = cb + r * r * r;
n = n/10;
}
if (cb==i)
cout<<“The given number is an Arm­strong number 
}
return o; 
}

Plus One Computer Science Previous Year Question Papers and Answers

Plus One Computer Science Previous Year Question Paper 2017

Kerala Plus One Computer Science Previous Year Question Paper 2017

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

General Instructions to Candidates

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • Read the instructions carefully.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give equations wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Computer Science Previous Year Question Papers and Answers 2018

Answer all questions from l to 5
Plus One Computer Science Previous Year Question Papers and Answers 2018 .1

Question 1.
The number (158)10 can be represented in Hexadecimal number system as……..
Plus One Computer Science Previous Year Question Papers and Answers 2017 .1

Question 2.
a. Write the following memory devices in the order of their speed, (fastest to g slowest order)
1. Cache
2. RAM
3. Hard disk
4. Registers
b. What do you mean by freeware and shareware?
Plus One Computer Science Previous Year Question Papers and Answers 2017 .2

Question 3.
Pick the odd one out and give a reason for your finding.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .3

Question 4.
(a) Name the type of loop which can be used to ensure that the body of the loop will surely be executed at least once.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .4
(b) Consider the code given below and predict the output.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .5

for (int i = 1; i < = 9; i = i + 2)
{
if (i = = 5) continue; 
cout >> i << " ";
}

Question 5.
Find the value of score [4] based on the following declaration statement.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .6
score [5] = {98, 87, 92, 79, 85};

Question 6.
Name the built-in function to check whe­ther a character is alphanumeric or not.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .7

Question 7.
a. Different networks with different proto­cols are connected by a device called
1. Router
2. Bridge
3. Switch
4. Gateway
b. Define Protocol.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .8

Question 8.
Find the best matches from the given definitions for the terms in the given list. (Worm, Hacking, Phishing, Spam)
a. Unsolicited e-mails sent indiscrimi­nately.
b. A technical effort to manipulate the normal behavior of the networked computer system.
c. A stand-alone malware program usually makes the data traffic slow.
d. Attempt to acquire information like usernames and passwords by posing as the original website.
e. Appear to be useful software but will do damage like deleting necessary funds.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .9

Question 9.
Represent -3 8 in 2’s complement form.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .21

Question 10.
Write an algorithm to print the numbers up to 100 in reverse order. That is the output should be as 100, 99, 98, 97,….,
OR
Draw a flowchart to check whether the given number is positive, negative or zero.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .22
Question 11.
Identify the invalid literals from the following and write a reason for each.
a. 2E3.5
b. “9”
c. ‘hello’
d. 55450

Question 12.
The following C++code segment is a part of a program written by Smitha to find the average of 3 numbers.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .23

int a, b, c;                                                        
float avg;                                                         
cin>>a>>b>>c; 
avg = (a+b+c)/3;   
cout<<avg;

What will be the output if she inputs 1,4 and 5? How can you correct it?
Plus One Computer Science Previous Year Question Papers and Answers 2017 .24

Question 13.
Let M[3][3] be a 2D array that contains the elements of a square matrix. Write C++  statements to find the sum of the diagonal elements.

Question 14.
What are the advantages of using gets() function in C++ program to input string data? Explain with an example.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .25

Question 15.
Read the function definition given below, Predict the output, if the function is called as convert
Plus One Computer Science Previous Year Question Papers and Answers 2017 .26
Plus One Computer Science Previous Year Question Papers and Answers 2017 .27

void convert (int n)
{ 
if (n>l) convert (n/2); cout<<n%2;
}

Question 16.
Compare any three features of five gene­rations of computers
Plus One Computer Science Previous Year Question Papers and Answers 2017 .28

Question 17.
Draw the logic circuit of Boolean expre­ssion:
\((A+\bar { BC)+ } \bar { AB\quad } \)
OR
Using algebraic method, prove that
\(\bar { Y } .\bar { Z } +\bar { Y } .Z+Y.Z+Y=1\)
Plus One Computer Science Previous Year Question Papers and Answers 2017 .29

Question 18.
“It is better to give proper documentation within the program”. Give a reason.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .30

Question 19.
Briefly explain the three components in the structure of a C++ program.

Question 20.
Write an algorithm for arranging elements of an array in ascending order using bubble sort.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .31

Question 21.
Explain the difference between call-by-value method and call-by-reference method with the help of examples.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .32

Question 22.
Compare any three types of networks based on span of geographical area.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .33

Question 23.
Susheel’s e-mail ID is susheel@gmail.com. He sends an e-mail to Rani whose e-mail ID is rani@yahoo.com. How is the mail sent from Susheel’s computer to Rani’s computer?
Plus One Computer Science Previous Year Question Papers and Answers 2017 .34

Question 24.
With the help of a block diagram, explain the functional units of a computer.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .35

Question 25.
Write a program to check whether the given number is palindrome or not. (5)
OR
Write a program to print the leap years between 2000 and 3000.
(A century year is a leap year only if it is divided by 400 and a non-century year is a leap year only if it is divided by 4.)
Plus One Computer Science Previous Year Question Papers and Answers 2017 .36

Answer

Answer 1.
9E

Answer 2.
a. Registers, Cache, RAM, Hard disk
b. Freeware refers to copyrighted com­puter software which is made avail­able for use free of charge for a un­limited period.
Shareware refers to commercial software that is distributed on a trial basis. It is distributed without payment and with limited functionality.

Answer 3.
(c) ; Others has only one entry flow and one exit flow.
(b) ; Used for both input and output operations.

Answer 4.
a. do while loop
b. l 3 7 9

Answer 5.
85

Answer 6.
isalpha( )

Answer 7.
a. (iv). Gateway
b. Protocols are rules and conventions for transmitting data.

Answer 8.
a. Spam
b. Hacking
c.Worm
d. phishing

Answer 9.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .37

Answer 10.
Let i be the variable.
Step 1: Start
Step 2: Let i = 100
Step 3: Print i
Step 4: i = i – 1
Step 5: If i>=1, then goto Step 3
Stop 6: Stop
OR
Plus One Computer Science Previous Year Question Papers and Answers 2017 .38

Answer 11.
Invalid literally are:
(a).2E3.5; the fractional number cannot be used as an exponent.
(c). ‘hello’; String literals are enclosed within a pair of double quotes.

Answer 12.
The output will be 3.
(a+b + c)/3.o
or float (a+b+c)/3
or int a, b, c are replaced by float a, b, c or use of typecasting

Answer 13.

#include <iostream> 
using namespace std;
int main( )
{ 
int m[3][3], n, i, j, s=o;
cout<<“Enter the rows/columns of square matrix:
cin> >n;
cout<<“Enter the elements\n”; 
for(i=o; i<n; i++)
for(j=o; j<n; j++)
cin>>m[i][j];
cout<<“Diagonal elements are\n”; for(i=o; i<n; i++)
{
cout<<m[i][i]<<“\t”; s = s + m[i][i];
}
cout<<“\nSum of Diagonal elements is:
cout<<s; return o;
}

Answer 14.
By using gets( ) function we can input string with white space.
cin statement reads till a white space. But the function gets() is used to accept a string of characters including white spaces from the standard input device (keyboard) and store it in a character array.
eg., char str[3o];
gets(str);
puts(str);

Answer 15.
The output will be 111.
This is a recursive function. The pro­cess of calling a function by itself is known as recursion and the function is known as a recursive function.

Answer 16.
First-generation computers (1940-56):
The first generation computers were built using vacuum tubes. This genera­tion implemented the stored program concept, eg., Electronic Numerical Integra­tor and Calculator (ENIAC), Electronic Dis­crete Variable Automatic Computer (EDVAC), Universal Automatic Computer (UNIVAC).

Second-generation computers (1956-63):
In this generation computers, vacuum tubes were replaced by transistors. This allowed computers to become smaller and more powerful and faster. The manufac­turing cost was also less. The concept of programming language was developed. Programming languages FORTRAN and COBOL were introduced, eg., IBM 1401, IBM 1620.

Third generation computers (1964­71):
These are smaller in size due to the use of integrated circuits (IC’s). IC dras­tically reduced the size and increased the speed and efficiency of computing. Keyboards and monitors were intro­duced. The high-level language BASIC was developed during this period, eg., IBM 360, IBM 370.

Fourth-generation computers (1971 onwards):
The computers that we use today belong to this generation. These computers use microprocessors and are called microcomputers use Large Scale of Integration (LSI). These computers are smaller in size and have faster ac­cessing and processing speeds, eg., IBM PC, Apple II.

Fifth-generation computers (future):
These are based on artificial intelli­gence. The fifth-generation computing also aims at developing computing machines that respond to natural lan­guage input and are capable of learn­ing and self-organization.

Answer 17.
Plus One Computer Science Previous Year Question Papers and Answers 2017 .39

Answer 18.
Documentation is an on-going process that starts in the problem study phase of the system and continues till its implementation and operation. We can write comments in the source code as part of the documentation. It provides suffi­cient information in a program to un­derstand its working. If the program is documented, it helps to understand the logic we applied. It helps the debugging process as well as program modification at a later stage.

Answer 19.
1. Preprocessor directives:
A C++ pro­gram starts with preprocessor direc­tives. Preprocessors are the compiler directive statements which give instruction to the compiler to process the information provided before ac­tual compilation starts. The #include is used to link the header files available in the C++ library. There are some other pre-processor direc­tives such as #define, #undef, etc.

2. Header files:
It contains the informa­tion about functions, objects, and pre­defined derived data types and they are available along with compiler. The header file stream contains the information about the objects cin and court.

3. The main( ) function:
The execution starts at main ( ) and ends within main ( ). If we use any other function in the program, it is called (or in­voked) from the main Q. The function header main ( ) is followed by its body, which is a set of one or more statements within a pair of braces { }. This structure is known as the definition of the main f) function. Each statement is delimited by a semicolon (;).

Answer 20.
Step 1: Start
Step 2: Accept a value in N as the num­ber of elements of the array.
Step 3: Accept N elements into the array AR.
Step 4: Repeat Steps 5 to 7, (N -1) times.
Step 5: Repeat Step 6 until the second last element of the list.
Step 6: Starting from the first position, compare two adjacent eleme­nts in the list. If they are not in proper order, swap the elements.
Step 7: Revise the list by excluding the last element in the current list.
Step 8: Print the sorted array AR.
Step 9: Stop

Answer 21.
Call by value method:
1. Ordinary variables are used as formal parameters.
2. Actual parameters may be constants, variables or expressions.
3. The changes made in the formal ar­guments are not reflected in actual arguments.
4. Exclusive memory allocation is required for formal arguments.

eg., void change find n)   
{  
n = n + 1;
cout << “n =” << n << ‘\n’;
}
int main( )
{
int x = 20; 
change( ); 
cout << “x = ” << x;
}

Here only the value of the variable x is passed to the function. Thus the formal parameter n in the function will get the value 20. When we increase the value of n, it will not affect the value of the variable x. The output of the above code is n = 21, x = 20 Call by reference method:

  1. Reference variables are used as formal parameters.
  2. Actual parameters will be variables only.
  3. The changes made in the formal ar­guments are reflected in actual ar­guments.
  4. The memory of actual arguments is shared by formal arguments.
eg., void changefint & n)
{
n = n + 1;
cout << “n = ” << n << ‘\n’;
}
int mainf)
{
int x=20;
change(x);
cout << “x = ” << x;
}
Here the output will be n = 21, x = 21

Answer 22.
The network is classified based upon the amount of geographical area that covers.
1. Personal Area Network (PAN): It is used to connect devices situated .in a small radius by using guided media or unguided media.

2. Local Area Network (LAN): This is used to connect computers in a single room or buildings of one location by using twisted pair wire or coaxial cable,  Data transfer rate is high and the error rate is less.

3. Metropolitan Area Network (MAN): It is a network spread over a city,  MAN have lesser speed than LAN and the error rate is less. Here optical fi- J ber cable is used, eg., Cable TV net­work.

4. Wide Area Network (WAN): This is used to connect computers over a large geographical area. It is a net­work of networks. Here the comput­ers are connected using telephone lines or Microwave station or satel­lites. The error rate in data transmis­sion is high, eg., internet.

Answer 23.
When an e-mail is sent from your com­puter, it first reaches the e-mail server of our e-mail service provider. From there the e-mail is routed to the recipi­ents e-mail server through the internet. The recipient’s e-mail server delivers the e-mail to recipients inbox which stores the message. SMTP (Simple Mail Transfer Protocol) is used e-mail com­munication.

Answer 24.
Functional units of a computer are based on a model proposed by John Von Neu­mann. It consists of some functional units namely Input Unit, Central Pro­cessing Unit (CPU), Storage Unit and Output Unit.

1. Input unit. The collected data and the instructions for their processing are entered into the computer through the input unit. They are stored in the memory (storage unit). The data may be in different forms. Keyboard, mouse, scanner, mic, digital cam­era, etc. are some commonly used in­put devices.

2. Central Processing Unit (CPU). The CPU is the brain of the computer. In a computer system, all major computations and comparisons are made inside the CPU. It is also responsible for activating and controlling the operations of other units of the com­puter. The functions of CPU are per­formed by three components; Arith­metic Logic Unit (ALU), Control Unit (CU), Registers.

3. Storage unit. The data and instruc­tions entered in the computer through input unit are stored inside the computer before actual process­ing starts. The information or results produced after processing are also stored inside the computer, before transferring to the output unit. The intermediate results, if any, must also be stored for further processing.

4. Output unit. The information ob­tained after data processing is sup­plied to the outside world through the output unit in a human-readable form. Monitor and printer are the commonly used output devices.

Answer 25.

#include <iostream>
using namespace std; 
int main()
{
int num, c, digit, rev=o; 
cout<<“Enter the number:";
cin> >num; c=num;
while(num != o)
{
digit = num % 10;                                 '
rev = (rev * 10)+ digit; 
num = num/10;
}
cout<<“The reverse of the number is”
<<rev; 
if (rev == c)
cout<<“\nThe given number is a palindrome.";
indrome.”; else
cout<<“\nThe given number is not a
palindrome.”;
return o;
}
OR
#include <iostream> 
using namespace std;
void main()
{
int i;
for (i=2000; i<=3000; i++) {
if (i%4 == o)
{
if (i%400 == o) cout << i;
}
return 0;
}

Plus One Computer Science Previous Year Question Papers and Answers

Plus One Computer Science Previous Year Question Paper 2018

Kerala Plus One Computer Science Previous Year Question Paper 2018

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

General Instructions to Candidates :

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • Read the instructions carefully.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give equations wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Computer Science Previous Year Question Papers and Answers 2018

Answer all questions from 1 to 5
Plus One Computer Science Previous Year Question Papers and Answers 2018 .1

Question  1.
What is the base of Mayan Number Sys­tem?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .2

Question  2.
Name any two preprocessor directives in C++
Plus One Computer Science Previous Year Question Papers and Answers 2018 .3

Question 3.
Which statement in C++ can transfer control of a program to a labeled statement?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .4

Question 4.
Which character is used to delimit the string in memory?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .5

Question 5.
An electronic device used for commu­nication between computers through the telephone line is ……….
Plus One Computer Science Previous Year Question Papers and Answers 2018 .6

Answer any nine questions from 6 to 16
Plus One Computer Science Previous Year Question Papers and Answers 2018 .7

Question 6.
Draw the block diagram of John Von Neumann’s computer architecture.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .8

Question 7.
List any four image file formats.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .9

Question 8.
What is cache memory?

Question 9.
Draw a flowchart to find the area of a rectangle.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .10

Question 10.
What are the different types of cha­racters in the character set of C++? C++
Plus One Computer Science Previous Year Question Papers and Answers 2018 .11

Question 11.
Classify data types used in C++.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .12

Question 12.
How many bytes are required to store the following arrays?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .13

Question 13.
Distinguish the memory allocation of the following initialization statements.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .14
char name[10] = “TOM”;
char str[] = “TOM”;

Question 14.
Current the program and write the output
Plus One Computer Science Previous Year Question Papers and Answers 2018 .15

#include<iostream>
using namespace std;
int main ()
{
Char str[ ]= “Green Computing”;
int n;
n=strlen (str);
cout< <n;
return o;
}

Question 15.
What is a firewall?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .16

Question 16.
What is phishing?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .17

Answer any nine questions from 17 to 27.

Plus One Computer Science Previous Year Question Papers and Answers 2018 .18

Question 17.
a. A number of symbols used in a num­ber system are called
b. Find MSD in the decimal number 7854-25
c. Find octal equivalent of (400)10.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .19

Question 18.
a. ASCII stands for………….
Plus One Computer Science Previous Year Question Papers and Answers 2018 .21
b. Find the largest number in the list,
Plus One Computer Science Previous Year Question Papers and Answers 2018 .20
1. (1oooo)2
2. (1ooo)8
3. (1oo)10
4. (1o)l6

Question 19.
a. Name two different language pr­ocessors which translate the high-level lan­guage program into machine language program.
b. What is the operating system? Give two examples?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .23
Plus One Computer Science Previous Year Question Papers and Answers 2018 .22

Question 20.
What is the operating system ? Give two examples.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .24

Question 21.
a. Distinguish between entry controlled loop and exit controlled loop
Step l: Start
Step 2: N = l
Step 3: Print N
Step 4: N = N + 1
Step 5: If N<=10 Then Go To step 3
Step 8: Stop

b. When we implement the above algo­rithm in C++, what will be the output?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .25

Question 22.
What is the role of relational operators in C++ ? Give suitable examples.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .26

Question 23.
Distinguish between the break and continue statements in C+ +.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .27

Question 24.
If 24, 54, 89, 56, 76, 42, 5 are the ele­ments of an array, illustrate the work­ing of selection sort algorithm for sort­ing these elements in descending order.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .28

Question 25.
Write a C++ program to input the scores of 5 students and display them in reverse order using an array.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .29
Question 26.
Explain the difference between Call-by­value and Call-by-reference methods with suitable examples.
Call-by-value, Call-by-reference
Plus One Computer Science Previous Year Question Papers and Answers 2018 .30

Answer any nine questions from 28 to 30
Plus One Computer Science Previous Year Question Papers and Answers 2018 .32

Question 27.
Explain the scope of variables in a C++ program.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .31

Question 28.
List and explain various components of system software.

Question 29.
What will be the output of the given C++ program? Justify your answer.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .33

#include<iostream>
using namespace std; int main( )
{
int a, b, num;
for (a=i; a< = io; ++a)
{
for (b=i; b<=5; ++b)
num = a*b;
cout<<num<<endl;
}
return 0;
}

b. Rewrite the following program using while and do-while loops. (Write sepa­rate programs)
Plus One Computer Science Previous Year Question Papers and Answers 2018 .34

#include<iostream>
using namespace std;
int main( )
{
int i;
for (i=i; i<=io; i++)
{
cout< <i;
}
return o;
}

Question 30.
a. URL stands for……
b. Explain the format of URL with an example.
c. What is the use of URL in computer networks?
Plus One Computer Science Previous Year Question Papers and Answers 2018 .35

Answer

Answer 1.
20

Answer 2.
#define, #undef

Answer 3.
goto statement

Answer 4.
‘\o’

Answer 5.
MODEM

Answer 6.
Von Neumann architecture consists of a central processing unit (CPU) contai­ning arithmetic logic unit (ALU) and controls unit (CU), input-output unit and a memory for storing data and in­structions. This model implements the ‘Stored Program Concept’ in which the data and the instructions are stored in the memory.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .36

Answer 7.
JPEG (Joint Picture Experts Group), bitmap file format (BMP), Tagged Im­age File Format (TIFF), Graphics Inter­change Format (GIF).

Answer 8.
It is a small and fast memory between the processor and RAM. Frequently ac­cessed data, instructions, intermediate results, etc. are stored in cache memory for quick access.

Answer 9.
Let l, b, A are the variables.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .37

Answer 10.
1.  Letters: A – Z, a – z
2. Digits: 0 – 9
3. Special characters: +, -, *, \, , /, ( ), [ ], { }, =, <, >, ?, !, @, %, #, $
4. White spaces: Blank space (space bar), tab, return, new line, form feed
5. Other characters: 256 ASCII charac­ters

Answer 11.
Based on nature, size and associated operations, data types are classified into fundamental data types, user-defined data types and derived data types. Pre­defined data types (fundamental data types) in C++ are char, int, float, double and void.

Answer 12.
2 x 2 x 5 = 20 bytes
2 x 25 = 50 bytes

Answer 13.
char name[io] = “TOM”;
Here is the first statement, 10 memory locations will be allocated and the string will be stored with null charac­ter as the delimiter. The last six bytes . will be left unused,
char str[ ] = “TOM”;
Here the size of the array is not speci­fied and hence only 4 bytes will be allo­cated
(3 bytes for the string and 1 for ‘\o’)-

Answer 14.

#include <iostream>
#include <cstdio> using namespace std; int main( )
{
char str[ ]= “Green Computing”;
int n;
n=strlen(str);
cout<<n;
return 0;
}
The output will be 15.

Answer 15.
Firewall is a system that controls the incoming and outgoing network traffic by analyzing the data and then pro­vides security to the computer network in an organization from other networks (internet).

Answer 16.
It is an attempt to get others informa­tion such as usernames, passwords, bank a/c details etc by acting as the au­thorized website. Phishing websites have URLs and home pages similar to their original ones and mislead others, it is called spoofing.

Answer 17.
a. base or radix
b. 7
c. (620)8
Plus One Computer Science Previous Year Question Papers and Answers 2018 .38

Answer 18.
a. American Standard Code for Infor­mation Interchange
b. i. (10000)2 =1 x 24 + 0 x 23 + 0 x 22+0 x 21 + 0 x 20 = 16 + o + 0 + o = 16
ii. (1000)8 = 1 x 83 + o x 82 + ox 81 + o x 8° = 512 + 0 + o + o = 512
iii.(100)10
iv. (10)16 = 1 x 161 + o x 16°= 16
Here (1ooo)8 is the largest number.

Answer 19.
a. Compiler, interpreter
b. It is a set of programs that act as an interface between the user and com­puter hardware, eg., Linux, MS Win­dows.

Answer 20.
Entry controlled loop:
1. Initialization before loop definition.
2. No guarantee to execute the loop body at least once.
3. e.g.for loop, while loop

Exit controlled loop:
1. Initialization before loop definition.
2. Will execute the loop body at least once even though the condition is False.
3. eg., do while loop

Answer 21.
a.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .39

b. This C++ program will display the first 10 natural numbers. 123456789 10

Answer 22.
Used for comparing numeric data. These are binary operators. The result of any relational operation will be ei­ther True or False. They are < (less than), > (greater than), <= (less than or equal to), >= (greater than or equal to), == (equal to), != (not equal to).= is an assignment operator used to as­sign a value to the variable. == is a relational operator that tests for equal­ity.

Answer 23.
break:

  1. Used with switch and loops.
  2. Brings the program control outside the switch or loop by skipping the rest of the statements within the block.
  3. Program control goes out of the loop even though the test expression is True.

continue:

  1. Used only with loops.
  2. Brings the program control to the beginning of the loop by skipping the rest of the statements within the block.
  3. Program control goes out of the loop only when the test expression becomes False.

Answer 24.
Plus One Computer Science Previous Year Question Papers and Answers 2018 .40

Answer 25.

#include <iostream>
using namespace std; int main( )
{
int i, score[5];
for(i=o; i<5; i++)
{
cout<<“Enter the scores: ";
cin>>score[i];
}
for(i=4; i>=o; i- -)
cout<<“Scores of student” <<i <<“ is”
<< score[i]<<endl;
return o;
}

Answer 26.
Call by value method:
1. Ordinary variables are used as for­mal parameters.
2. Actual parameters may be con­stants, variables or expressions.
3. The changes made in the formal ar­guments are not reflected in actual ar­guments.
4. Exclusive memory allocation is re­quired for the formal arguments

Call by reference method:

1. Reference variables are used as for­mal parameters.
2. Actual parameters will be variables only.
3. The changes made in the formal ar­guments are reflected in actual argu­ments.
4. Memory of actual arguments is shared by formal arguments. Call-by-value:

eg., eg., void change(int n)
{
n = n + 1;
cout << “n =” << n << ‘\n’;
}
int main()
{
int x = 20; change(x); cout << “x = ” << x;
}

Here only the value of the variable x is passed to the function. Thus the formal parameter n in the function will get the value 20. When we increase the value of n, it will not affect the value of the variable x. The output of the above code
is n = 21, x = 20

Call-by-reference: void change(int & n)
{
n = n + 1;
cout << “n = ” << n << ‘\n’;
}
int main()
{
int x=20;
change(x);
cout << “x = ” << x;
}
Here the output will be n = 21, x = 21

Answer 27.
The scope of local variables:
1. Declared within a function or a block of statements.
2. Available only within that function or block.
3. Memory is allocated when the func­tion or block is active and freed when the execution of the function or block is completed.
The scope of global variables:
1. Declared outside all the functions.
2. Available to all the functions of the program.
3. Memory is allocated just before the execution of the program and freed when the program stops execution.

eg., #include <iostream>
using namespace std; int cubefint n)
{
int cb;
cout<< “The value of x passed to n is” << x; 
/*This is an error because the vari­able x is declared within the main() func­tion. 
So it cannot be used in other func­tions. */
cb = n * n * n;
return cb;
}
int main()
{
int x, result;
cout << “Enter a number : ”;
cin >> x;
result = cube(x);
cout << “Cube = ” << result;
cout << “\nCube = ”<<cb;
}

In the above program, the scope of the var­iable CB is in the cube( ) function because it is declared within that function. Hence this variable cannot be used out­side the function. This scope is known as local scope.

Answer 28.
System software is a set of one or more programs designed to control the opera­tions of a computer.
The following are components of system software:
1. Operating system: It is a set of pro­grams that acts as an interface between the user and computer hardware. The primary objective of an operating sys­tem is to make computer system con­venient to use. The operating system is the most important system software.

2. Language processors: Language pro­cessors are software used to convert programs written in assembly language or high-level language into ma- 1 chine language.

Various language processors are:
a. Assembler: It converts languages written in assembly language into the ma­chine language.

b. Interpreter: It converts a high-level language into machine language by-line by line. If there is an error in one line, it reports and the execution is ter­minated. It will continue the transla­tion only after the correction of the er­ror. eg., BASIC is an interpreted lan­guage.

c. Compiler: It translates a high-level language into machine language by converting all the lines at a time. The errors are provided at the end of the compilation. The programming lan­guage that have a compiler are C, C++, Pascal, etc.

d. Utility software: A set of programs which help users in system mainte­nance tasks and in performing tasks of routine nature.

Utility programs are:
a. Compression tools: Large files can be compressed so that they take less storage area. Compression of files is known as zipping and decompression is called unzipping, eg., WinZip, WinRAR.

b. Disk defragmenter: It is a program that rearranges files on a computer hard disk. This enables the computer to work faster and more efficiently.

c. Backup software: It duplicating the disk information so that in an event of disk failure or in an event of accidental deletion, this backup may be used. Backup utility programs facilitate the backing up of the disk.

Answer 29.
a.
5
10
15
20
25
30
35
40
45
50
Only the outer loop statement will ex­ecute. The inner loop executes only once because of the absence of
{ }. The result variable num and the value of num in the last iteration of the inner loop are dis­played using the court statement.
b.

While:- i = 1;
while (i< = io)
{
cout<<i;
i++;
}
Do while:-
i = 1;
do
{
cout<<i;
i++;
}
while (i<=io);

Answer 30.
a. Uniform Resource Locator
b. Provides a way to locate a resource on the web, the hypertext system that operates over the internet.
c. URL has three parts.
1. http: It means a hypertext transfer protocol. It is a protocol used to transfer hypertext.
2. www: Means World Wide Web. With an email address, we can open our mailbox from anywhere in the world.
3. The third part is a unique name. It is the official website name of signals Window System, eg., hscap.kerala

Plus One Computer Science Previous Year Question Papers and Answers

Plus One Business Studies Model Question Paper 3

Kerala Plus One Business Studies Model Question Paper 3

General Instructions

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
  • You are not allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • All questions are compulsory and the only internal choice is allowed.
  • When you select a question, all the sub-questions must be answered from the same question itself.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give provided wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Business Studies Model Question Papers Paper 2 01

Answer the following questions from 1 to 9. Each carries 1 score.
Plus One Business Studies Model Question Papers Paper 3 1

Question 1.
Business activities are undertaken primarily to …………..
Plus One Business Studies Model Question Papers Paper 3 2
a. Earn profit
Plus One Business Studies Model Question Papers Paper 3 3
b. Have recognition
Plus One Business Studies Model Question Papers Paper 4
c. Fulfill social obligation

Question 2.
Provision of residential accommodation to the member at a reasonable rate is the objective
Plus One Business Studies Model Question Papers Paper 5
a. Producers cooperative
Plus One Business Studies Model Question Papers Paper 6
b. Consumers cooperative
Plus One Business Studies Model Question Papers Paper 7
c. Housing cooperative
Plus One Business Studies Model Question Papers Paper 8
d. Credit cooperative
Plus One Business Studies Model Question Papers Paper 9

Question 3.
Which of the following cannot be classified as an auxiliary to trade’?
Plus One Business Studies Model Question Papers Paper 10
a. Mining
Plus One Business Studies Model Question Papers Paper 11
b. Insurance
Plus One Business Studies Model Question Papers Paper 12
c. Warehousing
Plus One Business Studies Model Question Papers Paper 13
d. Transport
Plus One Business Studies Model Question Papers Paper 14

Question 4.
Mortality is to be enforced in an establishment by the ………………
Plus One Business Studies Model Question Papers Paper 15
a. Top level management
Plus One Business Studies Model Question Papers Paper 16
b. Middle-level management
Plus One Business Studies Model Question Papers Paper 17
c. Low-level management
Plus One Business Studies Model Question Papers Paper 18
d. Employees at all levels
Plus One Business Studies Model Question Papers Paper 19

Question 5.
Preliminary contracts are signed
Plus One Business Studies Model Question Papers Paper 20
a. before the incorporation
Plus One Business Studies Model Question Papers Paper 21
b. after incorporation but before the capital subscription
Plus One Business Studies Model Question Papers Paper 23
c. after incorporation but before the commencement of business
d. after the commencement of business
Plus One Business Studies Model Question Papers Paper 24

Question 6.
……………….. is the last link in the channel of distribution of goods and services
Plus One Business Studies Model Question Papers Paper 25
a. Wholesale
Plus One Business Studies Model Question Papers Paper 26
b. Retailer
Plus One Business Studies Model Question Papers Paper 27
c. Producer
Plus One Business Studies Model Question Papers Paper 28
d. Customer
Plus One Business Studies Model Question Papers Paper 29

Question 7.
Public deposits are the deposits that are raised directly from
Plus One Business Studies Model Question Papers Paper 30
a. The public
Plus One Business Studies Model Question Papers Paper 31
b. The director
Plus One Business Studies Model Question Papers Paper 32
c. The auditors
Plus One Business Studies Model Question Papers Paper 33
d. The owner’s
Plus One Business Studies Model Question Papers Paper 34

Question 8.
An arrangement to acquire the right use an asset without owing is called
Plus One Business Studies Model Question Papers Paper 35
a. Factoring
b. Leasing
c. Financing
d. Warehousing

Question 9.
ADRs are issued in
Plus One Business Studies Model Question Papers Paper 36
a. Canada
കാനഡ
b.China again
Plus One Business Studies Model Question Papers Paper 38
c. India
Plus One Business Studies Model Question Papers Paper 39
d. USA
Plus One Business Studies Model Question Papers Paper 40

Answer any 6 questions from 10 to 16. Each carries 2 scores.
Plus One Business Studies Model Question Papers Paper 41

Question 10.
Write any two merits of lease financing.
Plus One Business Studies Model Question Papers Paper 42

Question 11.
Explain the concept of discretionary responsibility.
Plus One Business Studies Model Question Papers Paper 43

Question 12.
Name the following partners.
a. A partnership firm informs its customers that Mr. Ramesh is its partner. From the customers, Mr. Ramesh comes to know about it. But he does not deny it.
b. Vinod is a partner who hasn’t invested any money and does not take part in any activity.
Plus One Business Studies Model Question Papers Paper 44

Question 13.
Write a short note on NABARD.
Plus One Business Studies Model Question Papers Paper 45

Question 14.
Certain retailers do not have any fixed place of business to conduct the trade. State any two characteristics of them.
Plus One Business Studies Model Question Papers Paper 46

Question 15.
Find the business models from the following.
Plus One Business Studies Model Question Papers Paper 47
a. Customers making toll free calls through call centers to inquire about the product of a company
Plus One Business Studies Model Question Papers Paper 48
b. CIAL Tech Ltd. .uses a network of computers for monitoring delivery of components to the suppliers
Plus One Business Studies Model Question Papers Paper 49

Question 16.
A cooperative society is a voluntary association of persons who join together with the motive of the welfare of the members. State any two merits of a cooperative society.
Plus One Business Studies Model Question Papers Paper 50

Answer any 4 questions from 17 to 21. Each carries 3 scores.
Plus One Business Studies Model Question Papers Paper 51

Question 17.
How does a cooperative society exemplify democracy and secularism? Explain.
Plus One Business Studies Model Question Papers Paper 52

Question 18.
Compare the status of minor in joint Hindu family business with that in a partnership firm.
Plus One Business Studies Model Question Papers Paper 53

Question 19.
Write any two limitations of business.
Plus One Business Studies Model Question Papers Paper 54

Question 20.
The management of Thottam Plantation decided to set apart 10% of their profits for the education of students belonging to weaker sections. Identify the type of social responsibility referred here. Also, write three points of arguments for social responsibility.
Plus One Business Studies Model Question Papers Paper 55

Question 21.
For buying and selling of goods within the boundaries of a country mainly two intermediaries are involved. Write two services each provided by these intermediaries to the producers.
Plus One Business Studies Model Question Papers Paper 56

Answer the following questions which carry 4 scores.
Plus One Business Studies Model Question Papers Paper 57

Question 22.
Match the following:
Plus One Business Studies Model Question Papers Paper 58

Answer any 3 questions from 23 to 26. Each carries 4 scores.
Plus One Business Studies Model Question Papers Paper 3 136

Question 23.
Kochi Metro rail corporation Ltd. Engaged in the construction of Kochi metro by joining together with the government of Kerala What are the advantages of such venture?
Plus One Business Studies Model Question Papers Paper 60

Question 24.
Modern means of communication helps in making the exchange of ideas and information faster. Explain the modern means of communication.
Plus One Business Studies Model Question Papers Paper 61

Question 25.
Miss Lindzy approaches you with the intention of subscribing to shares in a private limited company. She wants to know the privileges enjoyed by a private limited company. Can you help her?
Plus One Business Studies Model Question Papers Paper 62

Question 26.
“ High profit-making institutions are beneficial not only to the businessmen but also to the society”. Comment on the above statement both from the point of view of the businessman and the society.
Plus One Business Studies Model Question Papers Paper 63

Answer any 3 questions from 27 to 30. Each carries 5 scores.
Plus One Business Studies Model Question Papers Paper 64

Question 27.
Explain the term marine insurance and also explain the types of marine insurance.
Plus One Business Studies Model Question Papers Paper 65

Question 28.
A commerce teacher, while going through the topic, “ Internal Trade”. Cites the examples of ‘Bata Shoe Company’ having its headquarters in Mumbai where if it has its showrooms at different locations of the city as well as in various cities all over India. The products of the company carry the same price in all these showrooms. Identify the type of shop cited in the example. List any five features of such shops.
Plus One Business Studies Model Question Papers Paper 66

Question 29.
Do you welcome the opening of the Indian retail market to multinationals like Walmart, McDonald’s etc?
Plus One Business Studies Model Question Papers Paper 67
Plus One Business Studies Model Question Papers Paper 68

Question 30.
Suppose, a public enterprise is established in your district. As an e-commerce student, can you compare the various features of the three forms of public enterprises?
Plus One Business Studies Model Question Papers Paper 69

Answer any 2 questions from 31 to 33. Each carries 8 scores.
Plus One Business Studies Model Question Papers Paper 70

Question 31.
Mr. Manoj is running a ladies store. As he has no business partners in the shop, he appointed two more ladies to assist him in trading activities for a salary of Rs. 2,000 per month. Identify this business organization State any four advantages and three disadvantages of the organization.
Plus One Business Studies Model Question Papers Paper 71

Question 32.
The newly established Eastern valley Ltd., require a huge volume of finance for establishing their business. A wide variety of sources of funds are available for them. Advice the finance department about the factors to be considered before selecting the suitable sources.
Plus One Business Studies Model Question Papers Paper 72
Plus One Business Studies Model Question Papers Paper 73

Question 33.
Seetharam & sons Pvt.Ltd and Krishna Sagar Ltd. are two companies incorporated in India. Identify the types of companies. Differentiate between the two types of companies
Plus One Business Studies Model Question Papers Paper 74

Answers

Answer 1.
a. Earn profit
ലാഭം നേടുക

Answer 2.
c. Housing cooperative
Plus One Business Studies Model Question Papers Paper 75

Answer 3.
Mining

Answer 4.
Employees at all levels
Plus One Business Studies Model Question Papers Paper 76

Answer 5.
before the incorporation
Plus One Business Studies Model Question Papers Paper 77

Answer 6.
b.Retailer
Plus One Business Studies Model Question Papers Paper 78

Answer 7.
The public

Answer 8.
Leasing

Answer 9.
USA

Answer 10.

  • It provides finance without diluting the ownership or control of a business
    Plus One Business Studies Model Question Papers Paper 79
  • It does not affect the debtor raising of an enterprise.
    Plus One Business Studies Model Question Papers Paper 80

Answer 11.
Discretionary Responsibility
Plus One Business Studies Model Question Papers Paper 81
This refers to purely voluntary obligation that an enterprise assumes for instance providing charitable contribution to educational institutions or helping the affected people during floods or earthquakes.
Plus One Business Studies Model Question Papers Paper 82
Plus One Business Studies Model Question Papers Paper 83

Answer 12.
a. Partner by holding out
b. Nominal partner

Answer 13.
National Bank for Agriculture and Rural Development (NABARD)
NABARD was set up in 1982 to promote integrated rural development. It has been adopting a multipronged, multipurpose strategy for the promotion of rural business enterprises in the country.
Plus One Business Studies Model Question Papers Paper 85

Answer 14.
Characteristics of if itinerant retailers
a. Deals in daily use consumer products.
b. Supply of products of doorsteps etc.

Answer 15.
a. C2B
b. B2B.

Answer 16.
a. Large funds
b. Share of risk

Answer 17.
AH, a feature of the cooperative society lends it to a democratic character. Further, the membership of a cooperative society is open to all, irrespective of their religion, caste, and gender. The cooperative society through its purpose lays emphasis on the values of mutual help and welfare. These features prove the secular nature of cooperative societies.
Plus One Business Studies Model Question Papers Paper 87

Answer 18.
A person becomes a member of a joint Hindu family business when he takes birth in such a family. All minors the family are coparceners in the family business. A partnership is based on a legal contract between partners. Since the minor is incompetent for entering to a valid contract, minor cannot be a partner of a partnership firm, but minor can be appointed as a beneficiary of a partnership firm.
Plus One Business Studies Model Question Papers Paper 88

Answer 19.

  1. It lacks a personal touch with customers.
    Plus One Business Studies Model Question Papers Paper 89
  2. Incongruence between order taking and order fulfillment speed.
    Plus One Business Studies Model Question Papers Paper 90

Answer 20.
Discretionary Responsibility
Plus One Business Studies Model Question Papers Paper 91
This refers to purely voluntary obligation that an enterprise assumes, for instance, providing a charitable contribution to an educational institute or helping the affected people during floods or earthquakes,
Plus One Business Studies Model Question Papers Paper 92
Arguments for Social Responsibility.
Plus One Business Studies Model Question Papers Paper 98

1. The justification for existence and growth
Plus One Business Studies Model Question Papers Paper 99
Business exists for providing goods and services to satisfy human needs. Though profit motive is an important justification for undertaking a business activity,
Plus One Business Studies Model Question Papers Paper 100

2. The long-term interest of the firm
Plus One Business Studies Model Question Papers Paper 101
A firm and its image stand to gain maximum profits in the long run when it has its highest goal as service to society. When an increasing number of members of society, including workers, consumers, shareholders, government official feel that business enterprise is not serving its best interest, they will tend to withdraw their cooperation to the enterprise concerned.
Plus One Business Studies Model Question Papers Paper 102
Plus One Business Studies Model Question Papers Paper 3 1

Answer 21.
Services of wholesalers
Plus One Business Studies Model Question Papers Paper 3 2
1. Services to manufacturers:

a. Facilitate large-scale production;
Plus One Business Studies Model Question Papers Paper 3 3
Bulk orders from wholesalers enable the producers to take the production on a large scale and take advantages of economies of scale.
Plus One Business Studies Model Question Papers Paper 3 4

b. Bearing risk
Plus One Business Studies Model Question Papers Paper 3 5
The wholesaler deals in goods in its own name and takes the risk of loss or damage in storage and transit.
Plus One Business Studies Model Question Papers Paper 3 6

c. Financial assistance
Plus One Business Studies Model Question Papers Paper 3 7
Wholesalers provide financial assistance to manufacturers means they make ready cash payment for purchases and even advance money to producers.
Plus One Business Studies Model Question Papers Paper 3 8

Services to retailers :
Plus One Business Studies Model Question Papers Paper 3 9

a. Availability of goods
Plus One Business Studies Model Question Papers Paper 3 10
The wholesalers make the products Real owner Fixed percentage of interest No voting rights International source of finance various manufacturers readily available to the retailers.
Plus One Business Studies Model Question Papers Paper 3 11

b. Marketing support
Plus One Business Studies Model Question Papers Paper 3 12
The wholesalers perform various marketing functions and provide support to retailers.
Plus One Business Studies Model Question Papers Paper 3 13

C. Grant of credit
Plus One Business Studies Model Question Papers Paper 3 14

Answer 22.
Plus One Business Studies Model Question Papers Paper 3 15

Answer 23.
Government company
Plus One Business Studies Model Question Papers Paper 3 16
A government company is established under the Indian Companies Act, 1956 and is registered and governed by the provisions of the Indian Companies Act. According to the Indian Companies Act 1956, a government company means any company in which not less than 51 percent of the paid up capital is held by the central government, or partly by central government and partly by one or more state governments.
Plus One Business Studies Model Question Papers Paper 3 17
Plus One Business Studies Model Question Papers Paper 3 18

Features
Plus One Business Studies Model Question Papers Paper 3 19

  1. It is an organization created by the Indian companies act,
    Plus One Business Studies Model Question Papers Paper 3 20
  2. It can obtain funds from government shareholdings
    Plus One Business Studies Model Question Papers Paper 3 21
  3. It can enter into a contract.
    Plus One Business Studies Model Question Papers Paper 3 22
  4. It can acquire property in its own name.
    Plus One Business Studies Model Question Papers Paper 3 23
  5. Its management is regulated by the provisions of the companies act.
    Plus One Business Studies Model Question Papers Paper 3 24

Answer 24.
1. Fax
Plus One Business Studies Model Question Papers Paper 3 25
The printed, a message is converted into electronic signals as the paper rolls through the fax machine. This message is received in the same format the other end on the paper roll that is attached to the machine.
Plus One Business Studies Model Question Papers Paper 3 26

2. Internet & E-mail
Plus One Business Studies Model Question Papers Paper 3 27
The Internet is an international computer network that links computers from sectors such as government agencies business houses, educational institution, stores it and allows it to be read on satisfying certain conditions.
Plus One Business Studies Model Question Papers Paper 3 28
Plus One Business Studies Model Question Papers Paper 3 29

3. Video conferencing and Teleconferencing
This mode of communication begins in Teleconferencing. A number of telephones are simultaneously connected to one another. Teleconferencing is a facility enabling people in different parts of the world to have an audio meeting, saving on transit time and hotel stay.
Plus One Business Studies Model Question Papers Paper 3 30

4. Video conferencing
Plus One Business Studies Model Question Papers Paper 3 31
It is the closest it gets to seeing and hearing one another without being present together technologies used in a video conference area monitor, screen, microphone, camera etc.
Plus One Business Studies Model Question Papers Paper 3 32

5. Voicemail
Plus One Business Studies Model Question Papers Paper 3 33
Voicemail is a form of email only. Here, a message, instead of being communicated in a written is sent in the form of voice of the caller.
Plus One Business Studies Model Question Papers Paper 3 34

Answer 25.
Privileges of a private company

  1. A private company can be formed by only two members. Andiamo.
    Plus One Business Studies Model Question Papers Paper 3 35
  2. There is no need to issue a prospectus.
    Plus One Business Studies Model Question Papers Paper 3 36
  3. Allotment of shares can be done without receiving the minimum subscription,
    Plus One Business Studies Model Question Papers Paper 3 37
  4. It can start a business as soon as it receives the certificate of incorporation.
    Plus One Business Studies Model Question Papers Paper 3 38
  5. It needs to have only two directors
    Plus One Business Studies Model Question Papers Paper 3 39
  6. It is not required to keep an index of members
    Plus One Business Studies Model Question Papers Paper 3 40
  7. There is no restriction on the amount of loan to the directors of a private company.
    Plus One Business Studies Model Question Papers Paper 3 41

Answer 26.
From the viewpoint of business:

  1. Profit is necessary for the survival of the business.
  2. Profit increases the efficiency of a business.
  3. Profit accelerates the pace of growth.
  4. Profit builds a good image of the business.
  5. Profit brings prosperity to the business.
  6. Profit is a reward for the risk borne by the businessman.

From the viewpoint of society:

  1. Society gets quality products at reasonable prices.
  2. Employees will get better remuneration, good working condition etc
  3. A profitable business enterprise generates more employment opportunities
  4. A profitable business concern can undertake various community development programs.

Answer 27.
Classification of marine insurance
Plus One Business Studies Model Question Papers Paper 3 42

  1. Ship or hull insurance
    Plus One Business Studies Model Question Papers Paper 3 43
    When a ship is insured against marine hazards it is known as hull insurance.
    Plus One Business Studies Model Question Papers Paper 3 44
  2. Cargo insurance
    Plus One Business Studies Model Question Papers Paper 3 45
    Marine insurance that covers the risk of loss of cargo is known as cargo insurance.
    Plus One Business Studies Model Question Papers Paper 3 46
  3. Freight insurance
    Plus One Business Studies Model Question Papers Paper 3 47
    Insurance of the risk of loss of freight is known as freight insurance,
    Plus One Business Studies Model Question Papers Paper 3 48

Answer 28.
Chain stores or multiple shops:
Plus One Business Studies Model Question Papers Paper 3 49
It is a system of branch shop operating under centralized management and dealing in a similar line of products. The central office is called head office. Branches are located all over the world.
Plus One Business Studies Model Question Papers Paper 3 50

Features of multiple shops
Plus One Business Studies Model Question Papers Paper 3 51

  • As there is centralized procurement they enjoy economies of scale
    Plus One Business Studies Model Question Papers Paper 3 52
  • By selling directly to the consumers they eliminate unnecessary middlemen on the sale of goods and services
    Plus One Business Studies Model Question Papers Paper 3 53
  • Since sales are made in cash basis no bad debts occurred
    Plus One Business Studies Model Question Papers Paper 3 55
  • It reduces the chance of dead stock by transferring the same to branch in another locality where it is in demand
    Plus One Business Studies Model Question Papers Paper 3 56

Answer 29.
Global enterprises or Multi-National Corporations (MNCs)
Plus One Business Studies Model Question Papers Paper 3 57
Global enterprises are huge industrial organizations which extend their industrial and marketing operations through a net VDC of their branches in several countries. They are characterized by their huge size, a large number of products, advanced technology etc.
Plus One Business Studies Model Question Papers Paper 3 58
Features:
Plus One Business Studies Model Question Papers Paper 3 59

1. Huge capital resources
Plus One Business Studies Model Question Papers Paper 3 60
These enterprises are characterized by ‘ possessing huge financial resources and the ability to raise funds from different sources.
Plus One Business Studies Model Question Papers Paper 3 61

2. Foreign collaboration
Plus One Business Studies Model Question Papers Paper 3 62
Global enterprises can collaborate with companies in the public and private sector
Plus One Business Studies Model Question Papers Paper 3 63

3. Advanced technology
Plus One Business Studies Model Question Papers Paper 3 64
These enterprises possess technological superiorities in their methods of production.
Plus One Business Studies Model Question Papers Paper 3 65

4. Product innovation
Plus One Business Studies Model Question Papers Paper 3 66
They are continuously engaged in developing new products, better quality an superior design of an existing product.
Plus One Business Studies Model Question Papers Paper 3 67

5. Marketing strategies
Plus One Business Studies Model Question Papers Paper 3 68
The marketing strategies of global companies are far more effective than other companies.
Plus One Business Studies Model Question Papers Paper 3 69

6. Expansion of market territory
Plus One Business Studies Model Question Papers Paper 3 70
Their operations and activities extend beyond the physical boundaries of their own country.
Plus One Business Studies Model Question Papers Paper 3 71

7. Centralized control
Plus One Business Studies Model Question Papers Paper 3 72
They have their headquarters in their home country and exercise control over all branches and subsidiaries,
Plus One Business Studies Model Question Papers Paper 3 73

Answer 30.
Public sector enterprises can be organized in the following three forms
Plus One Business Studies Model Question Papers Paper 3 74

  1. Departmental undertaking
    Plus One Business Studies Model Question Papers Paper 3 75
  2. Statutory corporations
    Plus One Business Studies Model Question Papers Paper 3 76
  3. Government company
    Plus One Business Studies Model Question Papers Paper 3 77

1. Departmental undertaking
Plus One Business Studies Model Question Papers Paper 3 78
This is the oldest form of organizing public sector enterprises. It may be run either by the central government or by the state government. They are managed by the government employees and works under the center of a minister.
Eg: Railway, Post and Telegraph etc.
Plus One Business Studies Model Question Papers Paper 3 79

Features:
Plus One Business Studies Model Question Papers Paper 3 80

  1. They are financed from the government Treasury.
    Plus One Business Studies Model Question Papers Paper 3 81
  2. They are subject to accounting and audit controls applicable other government activities.
    Plus One Business Studies Model Question Papers Paper 3 82
  3. The employees of the enterprise are government servants.
    Plus One Business Studies Model Question Papers Paper 3 83

2. Statutory corporations
Plus One Business Studies Model Question Papers Paper 3 84
Statutory corporations are public enterprises brought into existence by a special act of the government. The act defines its powers and functions, rules and regulations governing its employees and its relationship with the government departments.
Eg. LIC, RBI, SBI etc.
Plus One Business Studies Model Question Papers Paper 3 85

Features:
Plus One Business Studies Model Question Papers Paper 3 86

  1. Statutory corporations are set up under an act of parliament.
    Plus One Business Studies Model Question Papers Paper 3 87
  2. This type of organization is wholly owned by the state.
    Plus One Business Studies Model Question Papers Paper 3 88
  3. It is a body corporate and can sue and be sued.
    Plus One Business Studies Model Question Papers Paper 3 89

3 ……. Government company
Plus One Business Studies Model Question Papers Paper 3 90
A government company is established under the Indian Companies Act, 1956 and is registered and governed by the provisions of the Indian Companies Act. According to the Indian Companies Act 1956, a government company means any company in which not less than 51 percent of the paid up capital is held by the central government, or partly by central government and partly by one or more state governments.
Plus One Business Studies Model Question Papers Paper 3 91

Features:

  1. It is an organization created by the In. Indian companies act, 1956.
    Plus One Business Studies Model Question Papers Paper 3 92
  2. The company can sue and be sued.
  3. It can enter into a contract.
    Plus One Business Studies Model Question Papers Paper 3 93

Answer 31.
Sole Proprietorship
Plus One Business Studies Model Question Papers Paper 3 94
Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risk. A sole proprietor is the one who is the only owner of a business.
Plus One Business Studies Model Question Papers Paper 3 95
Plus One Business Studies Model Question Papers Paper 3 96

Merits:
Plus One Business Studies Model Question Papers Paper 3 97

  • Quick decision
    Plus One Business Studies Model Question Papers Paper 3 98
    A sole trader has full control over affairs of business, so he enjoys a considerable degree of freedom in decision making.
    Plus One Business Studies Model Question Papers Paper 3 99
  • Confidentiality of information
    Plus One Business Studies Model Question Papers Paper 3 100
    A sole trader can keep all information related to business operations confidential and maintain secrecy.
    Plus One Business Studies Model Question Papers Paper 3 101
  • Direct incentive
    Plus One Business Studies Model Question Papers Paper 3 102
    A sole trader is the only recipient of all the profit. The need to share profits does not arise as he is the single owner.
    Plus One Business Studies Model Question Papers Paper 3 103
  • It instills Sense of accomplishment and confidence in one’s abilities.
    Plus One Business Studies Model Question Papers Paper 3 104
  • There is ease information as well as the closure of the business
    Plus One Business Studies Model Question Papers Paper 3 105

Demerits:
Plus One Business Studies Model Question Papers Paper 3 106

  • Limited resources
    Plus One Business Studies Model Question Papers Paper 3 107
    Resources of a sole trader limited to his personal savings and borrowings from others
    Plus One Business Studies Model Question Papers Paper 3 108
  • Limited life of a business concern
    Plus One Business Studies Model Question Papers Paper 3 109
    The death, insanity, of a sole proprietor, causes discontinuity of business
    Plus One Business Studies Model Question Papers Paper 3 110
  • The owner has unlimited liability
  • Limited managerial ability
    Plus One Business Studies Model Question Papers Paper 3 111
    A sole trader may not be an expert in every aspect of management.
    Plus One Business Studies Model Question Papers Paper 3 112

Answer 32.
Sources of finance
Plus One Business Studies Model Question Papers Paper 3 113
A company would choose from among various sources of finance depending on the amount . of capital required and the term for which it is needed.
Plus One Business Studies Model Question Papers Paper 3 114
Factors affecting the choice of source of funds
Plus One Business Studies Model Question Papers Paper 3 115

  1. Cost of procurement and utilization of funds.
    Plus One Business Studies Model Question Papers Paper 3 116
  2. Financial strength and stability of operation.
    Plus One Business Studies Model Question Papers Paper 3 117
  3. A form of organization and legal status.
    Plus One Business Studies Model Question Papers Paper 3 118
  4. Purpose and time period for which funds are required.
    Plus One Business Studies Model Question Papers Paper 3 119
  5. The risk profile of source of finance.
    Plus One Business Studies Model Question Papers Paper 3 120
  6. Control
    Plus One Business Studies Model Question Papers Paper 3 121
  7. Effect on creditworthiness
    Plus One Business Studies Model Question Papers Paper 3 122
  8. Flexibility and ease of obtaining funds.
    Plus One Business Studies Model Question Papers Paper 3 123
  9. Tax benefit.
    Plus One Business Studies Model Question Papers Paper 3 124

Answer 33.
Types of companies
Plus One Business Studies Model Question Papers Paper 3 125
1. Private company A private company means a company which

  • Restrict the right of members to transfer its share.
    Plus One Business Studies Model Question Papers Paper 3 126
  • Has a minimum of 2 and a maximum of 50 members.
    Plus One Business Studies Model Question Papers Paper 3 127
  • Does not invite the public to subscribe to its share capital
    Plus One Business Studies Model Question Papers Paper 3 128
  • Must have minimum up paid capital of Rs.llakh
    Plus One Business Studies Model Question Papers Paper 3 129

Public company
Plus One Business Studies Model Question Papers Paper 3 130
A public company means a company which is not a private company. As per Indian companies act a public company is one which
Plus One Business Studies Model Question Papers Paper 3 131

  • Has a minimum paid-up capital of Rs. 5 lakhs
    Plus One Business Studies Model Question Papers Paper 3 132
  • Has a minimum of 7members and no limit on maximum member
    Plus One Business Studies Model Question Papers Paper 3 133
  • Has no restriction on transfer of share
    Plus One Business Studies Model Question Papers Paper 3 134
  • Is not prohibited from inviting the public to subscribe to its share capital or public deposits.
    Plus One Business Studies Model Question Papers Paper 3 135

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Business Studies Model Question Paper 2

Kerala Plus One Business Studies Model Question Paper 2

General Instructions

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
  • You are not allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • All questions are compulsory and the only internal choice is allowed.
  • When you select a question, all the sub-questions must be answered from the same question itself.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give provided wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Business Studies Model Question Papers Paper 2 01

Answer the following questions from 1 to 9. Each carries 1 score.
Plus One Business Studies Model Question Papers Paper 2 1

Question 1.
Which of the following does not characteristics of business activity?
Plus One Business Studies Model Question Papers Paper 2 2
a. Production of goods
Plus One Business Studies Model Question Papers Paper 2 3
b. Presence of risk
c. Sale or exchange of goods and services
Plus One Business Studies Model Question Papers Paper 2 4
d. Salary or wages
Plus One Business Studies Model Question Papers Paper 2 5

Question 2.
Place utility is created by ………..
Plus One Business Studies Model Question Papers Paper 2 6
a. Transportation
ഗതാഗതം
b. Insurance
Plus One Business Studies Model Question Papers Paper 2 8
c. persons
Plus One Business Studies Model Question Papers Paper 2 9
d. warehousing
വെയർഹൗസിംഗ്

Question 3.
Social responsibility is
Plus One Business Studies Model Question Papers Paper 2 11
a. Same as legal responsibility
Plus One Business Studies Model Question Papers Paper 2 12
b. Broader than legal responsibility
Plus One Business Studies Model Question Papers Paper 2 13
c. Narrower than legal responsibility
Plus One Business Studies Model Question Papers Paper 2 14
d. None of them
Plus One Business Studies Model Question Papers Paper 2 15

Question 4.
Which among the following banks provide financial assistance, particularly to small business?
Plus One Business Studies Model Question Papers Paper 2 16
a. IDBI
b. ICICI
c. SIDBI
d.IFC

Question 5.
Which of the following documents is not required in connection with an import transaction?
Plus One Business Studies Model Question Papers Paper 2 17
a. Bill of lading
Plus One Business Studies Model Question Papers Paper 2 18
b. shipping bill
Plus One Business Studies Model Question Papers Paper 2 19
c. Certificate of origin
d. Shipment advice
Plus One Business Studies Model Question Papers Paper 2 20

Question 6.
Find the odd one from the following?
Plus One Business Studies Model Question Papers Paper 2 21
a. Huge financial resources
Plus One Business Studies Model Question Papers Paper 2 22
b. Limited liability
Plus One Business Studies Model Question Papers Paper 2 23
c. Compulsory registration
Plus One Business Studies Model Question Papers Paper 2 24
d. Voluntary membership
Plus One Business Studies Model Question Papers Paper 2 25

Question 7.
Which of the form of public sector enterprises is most suitable when national security is concerned?
Plus One Business Studies Model Question Papers Paper 2 26

Question 8.
Which plastic card enables you to buy things even if there is no balance in your account?
Plus One Business Studies Model Question Papers Paper 2 27
a. ATM card
b. Credit card
c. Debit card
d. Kisan card

Question 9.
ADRs are issued in
Plus One Business Studies Model Question Papers Paper 2 28
a. Canada
b. China
c. India
d. USA

Answer any 6 questions from 10 to 16. Each carries 2 scores.
Plus One Business Studies Model Question Papers Paper 2 29

Question 10.
What preferential rights are enjoyed by preference shareholders, explain?
Plus One Business Studies Model Question Papers Paper 2 30

Question 11.
a. Adv. Paul is practicing in the high court.
b. Adv. Rajeev Menon is working as the legal advisor of Karthikaconsultancy Ltd. in which economic activities these two are engaged in explaining both activities with the help of one example.
Plus One Business Studies Model Question Papers Paper 2 31

Question 12.
Compare the status of minor in joint Hindu family business with that in a partnership firm.
Plus One Business Studies Model Question Papers Paper 2 32

Question 13.
This service helps to reduce the impact of loss likely to be caused by uncertain events in business.
a. Identify the name of the service.
b. Write any two principles related to such services.
Plus One Business Studies Model Question Papers Paper 2 33
Plus One Business Studies Model Question Papers Paper 2 34

Question 14.
Explain the concept of outsourcing with the help of an example.

Question 15.
Explain the meaning of mate’s receipt.
Plus One Business Studies Model Question Papers Paper 2 35

Question 16.
“Look after your customers and the rest will follow”. In the light of the above statement, mention any two responsibility of a business firm towards its customers.
Plus One Business Studies Model Question Papers Paper 2 36

Answer any 4 questions from 17 to 21. Each carries 3 scores.
Plus One Business Studies Model Question Papers Paper 2 37

Question 17.
“Social responsibility and business ethics are the two sides of the same coin.” Being a commerce student as well as a citizen, how will you comment on this statement?
Plus One Business Studies Model Question Papers Paper 2 38

Question 18.
Classify the following into public bank, a private bank and foreign bank IDBI, HDFC, HSFC, CITI Bank, AXIS Bank, Canara Bank.
Plus One Business Studies Model Question Papers Paper 2 39

Question 19.
Write any three online payment mechanisms.
Plus One Business Studies Model Question Papers Paper 2 40

Question 20.
Prepare a short note on a different type of promoters.
Plus One Business Studies Model Question Papers Paper 2 41

Question 21.
An Indian company can now raise funds not only from India but also through foreign equity participation. How is it possible? Explain.
Plus One Business Studies Model Question Papers Paper 2 42

Answer the following questions which carry 4 scores.
Plus One Business Studies Model Question Papers Paper 2 43

Question 22.
Match the following:
Plus One Business Studies Model Question Papers Paper 2 44

A B
a. Payment at the time of delivery 1. Non-core activities
b. Plastic money 2. Cash on delivery
c. Exists in the cyber space 3. Credit/Debit card
d. Outsourcing 4. Digital Cash

Answer any 3 questions from 23 to 26. Each carries 4 scores.
Plus One Business Studies Model Question Papers Paper 2 45

Question 23.
What you mean by plowing back of profit. Explain its merits and demerits.
Plus One Business Studies Model Question Papers Paper 2 46

Question 24.
Identify the forms of business organization on the basis of the following definitions.
Plus One Business Studies Model Question Papers Paper 2 47
a. It refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risk.
Plus One Business Studies Model Question Papers Paper 2 48

b. It is a voluntary association of persons, who join together with the motive of the welfare of the members.
Plus One Business Studies Model Question Papers Paper 2 49

c. The management and control of the affairs of the company are undertaken by the board of directors.
Plus One Business Studies Model Question Papers Paper 2 50

d. It is the relation between persons who have agreed to share the profits of the business carried on by all or any one of them acting for all.
Plus One Business Studies Model Question Papers Paper 2 51

Question 25.
Mr.George is a planter and trader of spices in Idukki. In the global spices meet held at Kochi, he got an order to export spices to the UK. But he is not aware of the export formalities. Support Mr. George by listing any four steps of the export procedure.
Plus One Business Studies Model Question Papers Paper 2 52

Question 26.
Distinguish between:
Plus One Business Studies Model Question Papers Paper 2 53

  1. Equity shares & Preference shares
    Plus One Business Studies Model Question Papers Paper 2 54
  2. Shares & debentures
    Plus One Business Studies Model Question Papers Paper 2 55

Answer any 3 questions from 27 to 30. Each carries 5 scores.
Plus One Business Studies Model Question Papers Paper 2 56

Question 27.
Explain the scope of international business.
Plus One Business Studies Model Question Papers Paper 2 57

Question 28.
For the smooth conducting of insurance, the insurer and the insured should know the relevant principles underlying the insurance contracts. In light of this statement, can you explain these principles?
Plus One Business Studies Model Question Papers Paper 2 58

Question 29.
A group discussion is scheduled in your class on “ Environmental Pollution and Business.” As a group leader, explain any four major causes of environmental pollution.
Plus One Business Studies Model Question Papers Paper 2 59

Question 30.
Nowadays banking activities can be done even after or before the banking hours. Name the type of service offered by banks in the above context. What are its advantages,
Plus One Business Studies Model Question Papers Paper 2 60

Answer any 2 questions from 31 to 33. Each carries 8 scores.
Plus One Business Studies Model Question Papers Paper 2 61

Question 31.
Explain the merits and demerits of a joint stock company.
Plus One Business Studies Model Question Papers Paper 2 62

Question 32.
Ethical business behavior improves public image, earns public confidence and leads to a greater volume of business. Discuss how a business enterprise can attain their benefits by fostering ethics in their day to day functioning.
Plus One Business Studies Model Question Papers Paper 2 63

Question 33.
These types of shares do not enjoy any preferential rights. The owners of such type of shares the real masters.” Identify these type of shares and explain their merits and demerits.
Plus One Business Studies Model Question Papers Paper 2 64

Answers

Answer 1.
d. Salary or wages

Answer 2.
Transportation

Answer 3.
Broader than legal responsibility

Answer 5.
b. Shipping bill

Answer 6.
a. Huge financial resources

Answer 7.
Departmental undertaking

Answer 8.
Credit card

Answer 9.
USA

Answer 10.
The preference shareholders enjoy a preferential right over equity shareholders in two ways:

  • Right to get a fixed rate of dividend,
  • Right to claim repayment of capital in the event of winding up of the company.
    Plus One Business Studies Model Question Papers Paper 2 65

Answer 11.
Adv. Paul- profession
Eg; CA. a sinker is practicing in a CA firm Adv. Rajeev Menon- employment.
Eg; CA. panicker is working as the tax consultant of Samconsultancy ltd.

Answer 12.
A person becomes a member of a joint Hindu family business when he takes birth in such a family. All minors in the family are co-parceners in the family business. A partnership is based on a legal contract between partners. Since the minor is incompetent for entering to a valid contract, minor cannot be a partner of a partnership firm, but minor can be appointed as a beneficiary of the partnership firm.
Plus One Business Studies Model Question Papers Paper 2 66

Answer 13.
a. Insurance
b. Proximate causes
When the loss is the result of two or more causes, the proximate cause for the loss alone will be considered by the insurance company for admitting the claim.
Plus One Business Studies Model Question Papers Paper 2 67
Plus One Business Studies Model Question Papers Paper 2 68

Subrogation:
After the insured is compensated for the loss or damage to the property in­sured, the right of ownership of such property passes on to the insurer.
Plus One Business Studies Model Question Papers Paper 2 69

Answer 14.
Outsourcing
BPO (Business Process Outsourcing) is a system of getting business task accom­plished through an outside agency. Eg, transportation of raw materials into the fac­tory may be entrusted to a transport com­pany.
Plus One Business Studies Model Question Papers Paper 2 70

Answer 15.
A mate receipt issued by the commanding officer of the ship when the cargo is loaded on board, and contains the information about the name of the vessel, birth, date of shipment, description of packages, make and numbers, a condition of the cargo at the time of receipt on boar the ship, etc.
Plus One Business Studies Model Question Papers Paper 2 72

Answer 16.
Supply of right quality and quality of goods and services to consume are reasonable prices.
Plus One Business Studies Model Question Papers Paper 2 73
(b) They have the right of information about the product, price, the company etc.
Plus One Business Studies Model Question Papers Paper 2 74

Answer 17.
Business ethics and social responsibilities are closely related. When a business is ethical, it naturally meets its social responsibilities. It is doing justice to all concerned and protecting the business value system. As a socially responsible organization, a business has to follow ethical values towards employees, consumers, government, society etc. Thus social responsibility and business ethics are the two sides of the same coin.
Plus One Business Studies Model Question Papers Paper 2 75

Answer 18.
Plus One Business Studies Model Question Papers Paper 2 76

Answer 19.
a. Cash on Delivery here the payment is made at the time of physical delivery of goods.
Plus One Business Studies Model Question Papers Paper 2 77

b. Cheque here cheque is received and upon realization, the delivery of goods is made.
Plus One Business Studies Model Question Papers Paper 2 81

C. Net-banking transfer modern banking system provides the facility of electronic transfer of funds over the net to the customers.
Plus One Business Studies Model Question Papers Paper 2 82

Answer 20.
a. Professional promoters
Plus One Business Studies Model Question Papers Paper 2 83
They promote a company and hand it over to the shareholders.
Plus One Business Studies Model Question Papers Paper 2 84

b. Occasional promoters
Plus One Business Studies Model Question Papers Paper 2 85
They do promotional work as part of their business.
Plus One Business Studies Model Question Papers Paper 2 86

C. Entrepreneur promoter
Plus One Business Studies Model Question Papers Paper 2 87
They are promoters who conceive the idea of the business enterprise, perform professional activities and finally become part of management.
Plus One Business Studies Model Question Papers Paper 2 88

Answer 21.
Global Depository Receipts (GDR’s)
Plus One Business Studies Model Question Papers Paper 2 89
It is a negotiable instrument issued abroad by an Indian company to rais funds in foreign currency and it is traded on a foreign stock exchange. The local currency shares of a company delivered to depository bank the rafter depository bank issue depository receipts against these shares. Such depository receipts denominated in US dollars are known as GDRs. The holder of GDR can at any time convert it into number of shares it represents. They are entitled to dividend but do not carry any voting rights.
Plus One Business Studies Model Question Papers Paper 2 90

Answer 22.
Payment at the time of delivery – Cash on delivery
Exists in the space – Digital cash
Plastic Money – Credit/Debit card
Out Sourcing – Non core activities

Answer 23.
Ploughing back of profit is also known as retained earnings. A portion of net earnings which are not distributed to shareholders but are retained in the business for use in the future, known as retained earnings
Plus One Business Studies Model Question Papers Paper 2 91
Merits
Plus One Business Studies Model Question Papers Paper 2 92
It is a permanent source of funds available to an organization.
Plus One Business Studies Model Question Papers Paper 2 93

  • No cost in the form of interest, dividend.
    Plus One Business Studies Model Question Papers Paper 2 94
  • Greater degree of operational freedom and flexibility
    Plus One Business Studies Model Question Papers Paper 2 95
  • It may lead to increase in the market price of the equity shares of a company.
    Plus One Business Studies Model Question Papers Paper 2 96

Demerits

  • It may cause dissatisfaction, among the shareholders as they would get a lower dividend.
    Plus One Business Studies Model Question Papers Paper 2 97
  • It is an uncertain source of funds as the profits of a business are fluctuating,
    Plus One Business Studies Model Question Papers Paper 2 98
  • It may attract government regulation.
    Plus One Business Studies Model Question Papers Paper 2 99

Answer 24.
a. Sole proprietorship
b. Co-Operative Societies
c. Joint Stock Company
d. Partnership

Answer 25.
1. Obtaining importer’s, exporters code (IEC) Number
Plus One Business Studies Model Question Papers Paper 2 100
Importers exporters code number should be obtained first. This number should be shown in all export-import documents. Regional Import-Export Licensing Authority issues this number when applied for in the prescribed form.
Plus One Business Studies Model Question Papers Paper 2 101

2. Obtaining registration-cum-membership certificate (RCMC)
Plus One Business Studies Model Question Papers Paper 2 102Plus One Business Studies Model Question Papers Paper 2 103
This certificate is issued by the Export Promotion Council / Commodity Boards / Federation of Indians Export Organisation / Marine Products Export Development Agency etc. This is needed to obtain facilities, benefits or concessions offered under the Export-Import policy (EXIM Policy). Application in the prescribed form along with the IEC should be submitted for obtaining this certificate.
Plus One Business Studies Model Question Papers Paper 2 104

3. Market Research :
The exporter tries to explore foreign markets by conducting surveys and market research to produce export order.
Plus One Business Studies Model Question Papers Paper 2 105

4. Receiving and confirming the export order
Plus One Business Studies Model Question Papers Paper 2 106
After receiving the export order the exporter gives the confirmation to the importer after careful scrutiny.
Plus One Business Studies Model Question Papers Paper 2 107

5. Manufacturing Goods :
The exporter then manufactures or procures the goods required by the importer. He should adhere to the specifications given by the importer of goods.
Plus One Business Studies Model Question Papers Paper 2 109

Answer 26.
Plus One Business Studies Model Question Papers Paper 2 110
Plus One Business Studies Model Question Papers Paper 2 111
Plus One Business Studies Model Question Papers Paper 2 112

Answer 27.
1. Merchandise exports and imports
Plus One Business Studies Model Question Papers Paper 2 113
Merchandise means goods which are tangible, i.e., those that can be seen and touched. Merchandise exports and imports involve tangible goods and exclude services (intangibles).
Plus One Business Studies Model Question Papers Paper 2 114

2. Service exports and imports
Plus One Business Studies Model Question Papers Paper 2 115
By service exports and imports we mean trade in intangibles, i.e., those that cannot be seen or touched. Because of this intangible nature, trade in services is also known as invisible trade.
Plus One Business Studies Model Question Papers Paper 2 116
Plus One Business Studies Model Question Papers Paper 2 117

3. Licensing and franchising
Permitting a person/ firm in a foreign country to produce and sell goods under your trademarks, patents or copyrights for a fee is another way of operating an international business. Franchising is somewhat similar to licensing with the difference that it is connected with the provision of services.
Plus One Business Studies Model Question Papers Paper 2 118

4. Foreign investments
Foreign investments mean investment abroad in exchange for financial return. Foreign investments can be Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI)
Plus One Business Studies Model Question Papers Paper 2 119

Answer 28.
Insurance
Plus One Business Studies Model Question Papers Paper 2 120
Insurance is an agreement between two parties whereby one party undertakes, in exchange for a consideration, to pay the other party an agreed sum of money to compensate the loss, damage or injury caused as a result of some unforeseen events.
Plus One Business Studies Model Question Papers Paper 2 121
Plus One Business Studies Model Question Papers Paper 2 122

A fundamental principle of insurance
Plus One Business Studies Model Question Papers Paper 2 123
The basic principle of insurance is that an individual or business concern chooses to spend a definitely huge amount involved in an indefinite future.
Plus One Business Studies Model Question Papers Paper 2 124

Principles of insurance
Plus One Business Studies Model Question Papers Paper 2 125
1. Utmost good faith
Plus One Business Studies Model Question Papers Paper 2 126
Both the insurer and the insured should display good faith towards each other in ..regard to the contract.
Plus One Business Studies Model Question Papers Paper 2 127

2. Insurable interest
Plus One Business Studies Model Question Papers Paper 2 128
The insured should have an insurable interest in the subject matter of insurance.
Plus One Business Studies Model Question Papers Paper 2 129

3. Indemnity
Plus One Business Studies Model Question Papers Paper 2 130
All the insurance contract except life insurance are a contract of indemnity.
Plus One Business Studies Model Question Papers Paper 2 131

4. Proximate causes
Plus One Business Studies Model Question Papers Paper 2 132
When the loss is the result of two or more causes, the proximate cause for the loss alone will be considered by the insurance company for admitting the claim,
Plus One Business Studies Model Question Papers Paper 2 133
Plus One Business Studies Model Question Papers Paper 2 134

5. Subrogation
Plus One Business Studies Model Question Papers Paper 2 135
After the insured is compensated for the loss or damage to the property insured, the right of ownership of such property passes on to the insurer.
Plus One Business Studies Model Question Papers Paper 2 136

6. Contribution
If the same property is insured with one or more insurer, in case, there is a loss, the insured have no right to recover more than the full amount of his actual loss. The insurers together have to share the losses.
Plus One Business Studies Model Question Papers Paper 2 137

7. Mitigation
Plus One Business Studies Model Question Papers Paper 2 138
This principle states that it is the duty of the insured to take reasonable steps to minimize the loss to the insured property.
Plus One Business Studies Model Question Papers Paper 2 139

Answer 29.
Causes Of Pollution
Plus One Business Studies Model Question Papers Paper 2 140
It must be recognized that all sectors of our society, industry, government, agriculture, mining, energy, transportation, construction, and consumers generate waste. Wastes contain pollutant which are the materials of chemicals that have been discarded during the process of production or consumption.
Plus One Business Studies Model Question Papers Paper 2 141

1. Air Pollution
Plus One Business Studies Model Question Papers Paper 2 142
Air pollution is the result of a combination of factors which lowers the air quality. It is mainly due to carbon monoxide emitted by automobiles which contribute to air pollution.
Plus One Business Studies Model Question Papers Paper 2 143

2. Water Pollution
Water becomes polluted primarily from chemical and waste dumping. For years business enterprises have been dumping waste into rivers. Streams and lakes with little regard for the consequences.
Plus One Business Studies Model Question Papers Paper 2 145

3. Land pollution
Plus One Business Studies Model Question Papers Paper 2 146
Dumping of toxic waste on land causes- land pollution. This damages the quality of land making it unfit for agriculture or plantation. Resting the quality of the land that has already been damaged is a big problem.
Plus One Business Studies Model Question Papers Paper 2 147

4. Noise Pollution
Plus One Business Studies Model Question Papers Paper 2 148
Noise caused by the running of factories and vehicles is not merely a source of annoyance but is also a serious health hazard. Noise pollution can be responsible for many diseases like loss of heaping malfunctioning of the heart and meant cal disorder.
Plus One Business Studies Model Question Papers Paper 2 149

Answer 30.
e-Banking
Plus One Business Studies Model Question Papers Paper 2 150
e-banking is electronic banking or banking using electronic media, e-banking is a service provided bank that allows a customer to conduct t ranking transactions such as checking accounts, applying for loans, or paying b; ills over the internet using a personal computer or mobile phone, e-banking indulge the following services.
Plus One Business Studies Model Question Papers Paper 2 151
Benefits
Plus One Business Studies Model Question Papers Paper 2 152

  1. e-banking provides 24 hours, 365 days a year services to the customers of the bank
    Plus One Business Studies Model Question Papers Paper 2 153
    Plus One Business Studies Model Question Papers Paper 2 154
  2. It lowers the transaction cost.
    Plus One Business Studies Model Question Papers Paper 2 155
  3. Customers can make the transactions from the office., home or while traveling.
    Plus One Business Studies Model Question Papers Paper 2 156
  4. Greater customer satisfaction.
    Plus One Business Studies Model Question Papers Paper 2 157
  5. e-banking, provides a competitive advantage to the bank.
    Plus One Business Studies Model Question Papers Paper 2 158

Answer 31.
Joint Stock Company
A company is an artificial person having a separate legal entity, perpetual succession, and a Common seal. The capital of the Company is divided into smaller parts called shares which can be transferred freely. The share holder; are the owners of the company. Boar of directors is the managing body elected by share holders.

Merits
Plus One Business Studies Model Question Papers Paper 2 159
a. Limited liability
Plus One Business Studies Model Question Papers Paper 2 160
The shareholders are liable to the extent amount unpaid on the shares held, by them.
Plus One Business Studies Model Question Papers Paper 2 161

b. transfer of interest
Plus One Business Studies Model Question Papers Paper 2 162
Shares of a public company is freely transferable.
Plus One Business Studies Model Question Papers Paper 2 163

c. Perpetual existence
Plus One Business Studies Model Question Papers Paper 2 164
A company will continue to exist even if all the members die. A company being a creation of the law, can be brought to an end only by law.
Plus One Business Studies Model Question Papers Paper 2 165

d. Scope of expansion
Plus One Business Studies Model Question Papers Paper 2 166
A company has large financial Thus there is a greater scope of expansion
Plus One Business Studies Model Question Papers Paper 2 167

e. Professional management
Plus One Business Studies Model Question Papers Paper 2 168
A company can afford to pay higher salaries to specialists and professionals. This leads to balanced decision making and efficiency in the company’s operation.
Plus One Business Studies Model Question Papers Paper 2 169

Limitations
Plus One Business Studies Model Question Papers Paper 2 170
a. Complexity information
Plus One Business Studies Model Question Papers Paper 2 171
Its formation requires greater time.

b. Lack of secrecy
Plus One Business Studies Model Question Papers Paper 2 172
Since the company requires to publish audited accounts and reports, it is difficult to maintain secrecy about the operation of the company.
Plus One Business Studies Model Question Papers Paper 2 173

c. Impersonal work environment
It is difficult for owners and management to maintain personal contact with employees, customers, and creditors.
Plus One Business Studies Model Question Papers Paper 2 174

d. Numerous regulations
Plus One Business Studies Model Question Papers Paper 2 175
The functioning of a company is subject to many legal provisions and compulsion.
Plus One Business Studies Model Question Papers Paper 2 176

e. Delay in decision making
Plus One Business Studies Model Question Papers Paper 2 177
It takes an important decision by holding a meeting. So it takes much time.
Plus One Business Studies Model Question Papers Paper 2 178

f. Oligarchic management the board of directors enjoys considerable freedom in exercising their power which they sometimes ignore the interest of shareholders.

g. Conflicts in interest, there may be conflicts of interest among various stakeholders of the com, pan and it affects the smooth functioning of the company.

Answer 32.
Business Ethics
Ethics is the belief is what is right proper and just. It is to the socially determined moral principle which should give business activities. Business is the code of conduct followed and performed by the businessmen. Ethical business is good business. Ethical business behavior improves public image, earn peoples confidence and trust, and leads to greater success.
Plus One Business Studies Model Question Papers Paper 2 180

The concept of Business Ethics
Plus One Business Studies Model Question Papers Paper 2 181
The word ethics’ has its origin in the Greek word ethics’ meaning character norms, ideals, or morals prevailing in a group or society. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings. Ethics can also refer to codes or another system for controlling means so that they serve human ends.
Plus One Business Studies Model Question Papers Paper 2 182

Elements of Business Ethics Since ethical business behavior is good for both the business enterprise and society it makes sense to discuss how the enterprises can faster ethics in their day-to-day working.
Plus One Business Studies Model Question Papers Paper 2 183

1. Top management commitment
Plus One Business Studies Model Question Papers Paper 2 184
Top management must give continuous leadership for developing and upholding the values of the organization.
2. Publication of a codes
Plus One Business Studies Model Question Papers Paper 2 185
The enterprise must develop a code containing a definite ethical programme. This generally covers areas such as honesty and adherence to laws, product safety and quality health and safety in the workplace and financial reporting.
Plus One Business Studies Model Question Papers Paper 2 186
Plus One Business Studies Model Question Papers Paper 2 187

3. Establishment of compliance mechanisms
Plus One Business Studies Model Question Papers Paper 2 188

Answer 33.
Equity shares
The money raised by equity shares is called equity share capital. It represents the ownership of a company. Equity shareholders do not enjoy preferential right in the matter of the claim of dividend or repayment of capital. They do not get a fixed dividend. They have the right to vote,
Plus One Business Studies Model Question Papers Paper 2 189

Merit
Plus One Business Studies Model Question Papers Paper 2 190
a. It is suitable for investors who are willing to assume the risk for higher returns
Plus One Business Studies Model Question Papers Paper 2 191
b. Payment dividend is not compulsory
Plus One Business Studies Model Question Papers Paper 2 192
c. It serves as permanent capital as it is to be repaid only at the liquidation of a com-
Plus One Business Studies Model Question Papers Paper 2 193
d. Equity shares do not create any charge on the assets of the company.
Plus One Business Studies Model Question Papers Paper 2 194
e. They have the right to vote and participate in the management.
Plus One Business Studies Model Question Papers Paper 2 195

Demerit
Plus One Business Studies Model Question Papers Paper 2 196
a. Not attractive to investors who prefer safety and fixed income.
Plus One Business Studies Model Question Papers Paper 2 197
b. An issue of additional equity shares dilutes the voting power and earning of existing equity shareholders.
Plus One Business Studies Model Question Papers Paper 2 198
c. The cost of issue of equity shares is generally more as compared to the cost of raising funds through other sources.
Plus One Business Studies Model Question Papers Paper 2 199
d. It involves more formalities and procedural delays.
Plus One Business Studies Model Question Papers Paper 2 200

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Business Studies Model Question Paper 1

Kerala Plus One Business Studies Model Question Paper 1

General Instructions

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
  • You are not allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • All questions are compulsory and the only internal choice is allowed.
  • When you select a question, all the sub-questions must be answered from the same question itself.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give provided wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Business Studies Model Question Papers Paper 1 1

Answer the following questions from 1 to 7. Each carries 1 score.
Plus One Business Studies Model Question Papers Paper 1 2

Question 1.
Identify the type of business organization to which the registration is compulsory.
a. Sole proprietorship
b. Partnership business
c. Joint stock company
d. Hindu Undivided Family Business
Plus One Business Studies Model Question Papers Paper 1 3
Question 2.
Find the odd one from the following,
a. Banking
b. Mining
c. Warehousing
d. Advertising
Plus One Business Studies Model Question Papers Paper 1 4

Question 3.
Identify the type of warehouse where imported goods can be kept prior to the payment of duties and taxes.
a. Bond Warehouses
b. Government warehouses
c. Public Warehouses
d. Private warehouses
Plus One Business Studies Model Question Papers Paper 1 5
Plus One Business Studies Model Question Papers Paper 1 6

Question 4.
A business firm decided to help the affected people in Okhi cyclone. It belongs to the responsibility of the business.
a. Discretionary
b. Legal
c. Economic
d. Ethical
Plus One Business Studies Model Question Papers Paper 1 7

Question 5.
Which of the following is known as the birth certificate of a joint stock company?
a. Certificate of Incorporation
b. Memorandum of Association
c. Table A
d. Articles of Association
Plus One Business Studies Model Question Papers Paper 1 8

Question 6.
Fill up the series as per hint given:
a. Capital required for the day to day activities of the business working capital.
b. Capital required for acquisition of fixed assets…………..? ………………
Plus One Business Studies Model Question Papers Paper 1 9
Plus One Business Studies Model Question Papers Paper 1 10

Question 7.
The apex banking institution set up to promote agriculture and rural development in India is …………..
Plus One Business Studies Model Question Papers Paper 1 11

Question 8.
Buying and selling of goods and services within the geographical boundaries of a nation is
a. External trade
b. Internal trade
c. Entrepot trade
d. International trade
Plus One Business Studies Model Question Papers Paper 1 12

Question 9.
Identify the import document from the following
a. Letter of credit
b. Bill of lading
c. Bill of entry
d. Certificate of origin
Plus One Business Studies Model Question Papers Paper 1 13

Answer any 6 questions from 10 to 16. Each carries 2 scores.
Plus One Business Studies Model Question Papers Paper 1 14

Question 10.
Write any two merits of a government company.

Question 11.
Identify the type of E-business transaction referred to in the following cases.
a. A dealer in Kerala places an order through email to Marathi Udyog LTD. for a supply of 20 cars.
b. Ms. Anasooya placed an order for a smartphone through online.
Plus One Business Studies Model Question Papers Paper 1 15

Question 12.
Explain the concept of business ethics with the help of an example.
Plus One Business Studies Model Question Papers Paper 1 16

Question 13.
List out any two problems faced by a small-scale business of India.
Plus One Business Studies Model Question Papers Paper 1 17

Question 14.
Name any two products which are suitable for a vending machine.
Plus One Business Studies Model Question Papers Paper 1 18

Question 15.
Write a short note on export processing Zone.
Plus One Business Studies Model Question Papers Paper 1 19

Question 16.
Stae any two objectives of the small-scale business.
Plus One Business Studies Model Question Papers Paper 1 20

Answer any 4 questions from 17 to 21. Each carries 3 scores.
Plus One Business Studies Model Question Papers Paper 1 21

Question 17.
Identify the types of manufacturing industries mentioned below.
a. Production of cement by combining various ingredients like limestone, silicon etc.
b. Production of petrol, diesel, and kerosene from crude oil.
c. Manufacturing of computers using different components.
Plus One Business Studies Model Question Papers Paper 1 22

Question 18.
Explain any three features departmental undertakings.
Plus One Business Studies Model Question Papers Paper 1 23

Question 19.
List out any three differences between Memorandum of Association and Articles of Association.
Plus One Business Studies Model Question Papers Paper 1 24

Question 20.
Write any three ways in which a business organization can enter into international Business.
Plus One Business Studies Model Question Papers Paper 1 25

Question 21.
Explain any three schemes announced by the Government of Indian in Export-Import policy (EXIM policy) for the promotion of foreign trade.
Plus One Business Studies Model Question Papers Paper 1 26

Answer the following questions which carry 4 scores.
Plus One Business Studies Model Question Papers Paper 1 27

Question 22.
Match the following:
Plus One Business Studies Model Question Papers Paper 1 28
Plus One Business Studies Model Question Papers Paper 1 29

Answer any 3 questions from 23 to 26. Each carries 4 scores.
Plus One Business Studies Model Question Papers Paper 1 30

Question 23.
Identify the type of partners in the following cases:
a. Mr. Nirmal contributed Rs.l lakh as capital in Maithri Traders but do not participate in the day to day activities.
b. A well-known person allows Maithri Traders to use his name but doesn’t contribute capital or share profits.
c. Mr.Deepu pretends to be a partner in Maithri Traders, but actually, he is not.
d. Mr. Rajesh contributed Rs 1 lakh as capital in Maithri Traders and participate s in the conduct of business.
Plus One Business Studies Model Question Papers Paper 1 31
Plus One Business Studies Model Question Papers Paper 1 32

Question 24.
Write any four benefits of E-banking.

Question 25.
Classify the following into long term and short term sources of finance.
a. Factoring
b. Retained earnings
c. Preference Shares
d. Bank overdraft
e. Commercial papers
f. Debentures
g. Trade credits
h. Equity shares
Plus One Business Studies Model Question Papers Paper 1 33

Question 26.
“Outsourcing of non-core activities are beneficial to business units.”Do you agree? Comment on this statement by highlighting your views.
Plus One Business Studies Model Question Papers Paper 1 34

Answer any 3 questions from 27 to 30. Each carries 5 scores.
Plus One Business Studies Model Question Papers Paper 1 35

Question 27.
“Risk is an essential part of every business.” Explain its causes.
Plus One Business Studies Model Question Papers Paper 1 36
Plus One Business Studies Model Question Papers Paper 1 37

Question 28.
State any three responsibilities of business towards employees and any two towards consumers.
Plus One Business Studies Model Question Papers Paper 1 38

Question 29.
Who are promoters? Briefly explain any four functions performed by them.
Plus One Business Studies Model Question Papers Paper 1 39

Question 30.
Write any five advantage of equity shares as sources of finance.
Plus One Business Studies Model Question Papers Paper 1 40

Answer any 2 questions from 31 to 33. Each 4 carries 8 scores.
Plus One Business Studies Model Question Papers Paper 1 41

Question 31.
Identify the business organization formed voluntarily by a group of people for mutual benefits, Following the principle of “one man one vote”. Also, explain its four merits and three limitations.
Plus One Business Studies Model Question Papers Paper 1 42

Question 32.
Explain the major principles of insurance.
Plus One Business Studies Model Question Papers Paper 1 43

Question 33.
Explain any four services each rendered by wholesalers to manufactures as well as to the retailers.
Plus One Business Studies Model Question Papers Paper 1 44

Answers

Answer 1.
Joint Stock Company

Answer 2.
Mining

Answer 3.
Bonded Warehouses

Answer 4.
Discretionary

Answer 5.
Certificate of Incorporation

Answer 6.
Fixed capital requirement

Answer 7.
NABARD

Answer 8.
Internal trade

Answer 9.
Bill of entry

Answer 10.
1. A government company can be established by fulfilling the requirements of the Indian companies act.
Plus One Business Studies Model Question Papers Paper 1 45
2. It has a separate legal entity, apart from the government.
Plus One Business Studies Model Question Papers Paper 1 46
Answer 11.
a. B2B Transaction
b. B2C Transaction

Answer 12.
Business Ethics
Ethics is the belief is what is right proper and just. It is to the socially determined moral principle which should give business activities. Business is the code of conduct followed and performed by the businessmen. Ethical business is good business. Ethical business behavior improves public image, earn people’s confidence and trust, and leads to greater success.
Plus One Business Studies Model Question Papers Paper 1 47

Answer 13.
1. Finance
Plus One Business Studies Model Question Papers Paper 1 48
One of the severe problems faced by SSIs is that of non-availability of adequate finance to carry out its operations. Many of the units in the small sector lack the creditworthiness required to rise as capital from the capital markets.
Plus One Business Studies Model Question Papers Paper 1 49
2. Raw Materials
Another major problem of small business is the procurement of raw materials. If the required materials are not available, they have to compromise on the quality or have to pay a high price to get good quality materials.
Plus One Business Studies Model Question Papers Paper 1 50

Answer 14.
Soft drinks, Chocolate

Answer 15.
Export Processing Zone
Plus One Business Studies Model Question Papers Paper 1 51
These are set up to increase production for exports. These are industrial estates which form enclaves within the national customs territory. They are usually located near the international airport or seaport. There are several export processing zones in India. They are
Plus One Business Studies Model Question Papers Paper 1 52

Answer 16.
1.Provide employment opportunity
Plus One Business Studies Model Question Papers Paper 1 54
They generate a number of employment opportunities per unit of capital invested compared to large industries.
Plus One Business Studies Model Question Papers Paper 1 55

2. Variety of Products
Plus One Business Studies Model Question Papers Paper 1 56
Small industries in our country supply an enormous variety of products which include mass consumption goods, readymade garments, hosiery goods, stationery items, soaps and detergents, domestic utensils, leather, plastic and rubber goods, processed foods and vegetables .wood and steel furniture, paints, varnishes, safety matches, etc
Plus One Business Studies Model Question Papers Paper 1 57
Plus One Business Studies Model Question Papers Paper 1 58

Answer 17.
a. Synthetical industry
Plus One Business Studies Model Question Papers Paper 1 59
b. Analytical industry
Plus One Business Studies Model Question Papers Paper 1 60
C. Assembling industry

Answer 18.
1. It is a large scale retail organization
Plus One Business Studies Model Question Papers Paper 1 61
2. It makes centralized purchasing
Plus One Business Studies Model Question Papers Paper 1 62
3. It is located in towns and cities
Plus One Business Studies Model Question Papers Paper 1 63

Answer 20.
1. Exporting and Importing
Plus One Business Studies Model Question Papers Paper 1 64
Export refers to the sending of goods and services for sale from the home country to foreign countries. Importing means purchasing of goods and services from foreign countries for domestic use. It is one of the methods to enter into International Business.

2. Contract Manufacturing.
Plus One Business Studies Model Question Papers Paper 1 65
It is a type of international business where a company enters into a contract with a local manufacturer in a foreign country. The contract is for getting certain components or goods produced as per specifications ‘ given. Contract manufacturing also called outsourcing can take the following three forms:
Plus One Business Studies Model Question Papers Paper 1 66

3. Licensing and Franchising
Plus One Business Studies Model Question Papers Paper 1 67
Licensing in international business is a contractual agreement in which one firm permits another firm in a foreign country to access its trademark, patents or technology for a fee called royalty. The firm which gives permission is called licensor and to whom it is given is called licensee. Franchising is somewhat similar to licensing.

The difference is that in the case former it is concerned with production and marketing of goods while franchising is connected with the provision of services. Franchising is relatively more stringent than licensing. The parent company is called the franchiser and the party to whom a franchise is granted is called the franchise.
Plus One Business Studies Model Question Papers Paper 1 68

Answer 21.
1. Export processing zones(EPZs)
Plus One Business Studies Model Question Papers Paper 1 69
EPZs have been set up to provide an internationally competitive duty-free environment for an expense. Govt has taken initiative to provide infrastructural facilities in these zones to produce goods at lower cost.
Plus One Business Studies Model Question Papers Paper 1 70

2. Cent percent export-oriented units
Plus One Business Studies Model Question Papers Paper 1 71
These units are set up for the export of the entire products. They can be set up anywhere in India. They get all the benefits provided to units in the EPZ
Plus One Business Studies Model Question Papers Paper 1 72

3. Special economic zones (SEZs)
Plus One Business Studies Model Question Papers Paper 1 73
It has been created to encourage free trade.
Its being treated as a deemed foreign territory for duty purposes. Goods going into the SEZs area from the domestic tariff area (DTA) are treated as deemed exports.
Plus One Business Studies Model Question Papers Paper 1 74

Answer 22.
a. Indian Railways Departmental undertaking
b. LIC of India Statutory corporation
c. BHEI Government company
d. Honda Ltd Multinational company
Answer 23.
a. Sleeping partner or dormant partner
b. Nominal partner
c. Partner by holding out
d. Active partner

Answer 24.
1. e-banking provides 24hours, 365 days a year services to the customers of the bank.
Plus One Business Studies Model Question Papers Paper 1 75

2. It lowers the transaction cost.
Plus One Business Studies Model Question Papers Paper 1 76

3. Customers can make the transactions from the office, home or while traveling.
Plus One Business Studies Model Question Papers Paper 1 77

4. Greater customer satisfaction.
Plus One Business Studies Model Question Papers Paper 1 78

Answer 25.
Long-Term Sources
Retained earnings Preference Shares Debentures Equity Shares
Short Term Sources
Factoring Bank overdraft Commercial paper Trade creditors

Answer 26.
I agree with this statement. BPO (Business Process Outsourcing is a system of getting a business task accomplished through an outside agency. Eg, transportation of raw materials into the factory may be entrusted to a transport company.
Plus One Business Studies Model Question Papers Paper 1 79

Following are the importance of outsourcing
1. Focusing on attention
Plus One Business Studies Model Question Papers Paper 1 80
Outsourcing benefits the organization by focusing on core areas and contracting out non-core business.
Plus One Business Studies Model Question Papers Paper 1 81

2. Quest for excellence
Plus One Business Studies Model Question Papers Paper 1 82
Outsourcing enables the firms to pursue excellence through a division of labor and specialization.
Plus One Business Studies Model Question Papers Paper 1 83

3. Cost reduction
It helps the organization to get an expert and specialize services at competitive prices. It helps in improved service and reduction in costs.
Plus One Business Studies Model Question Papers Paper 1 84
Plus One Business Studies Model Question Papers Paper 1 85

4. Growth through alliance
Plus One Business Studies Model Question Papers Paper 1 86
To the extent you can avail of the services of others, your investment requirements are reduced, others have invested for you. Therefore you can expand rapidly.
Plus One Business Studies Model Question Papers Paper 1 87

5. Fillip to economic development
Plus One Business Studies Model Question Papers Paper 1 88
Outsourcing helps in stimulating entrepreneurship, employment, and exports in the host countries. This will result in economic development.
Plus One Business Studies Model Question Papers Paper 1 89

Answer 27.
1. Natural Causes
Plus One Business Studies Model Question Papers Paper 1 90
it includes natural calamities like earthquake, flood, lightning, heavy rains, famine etc.
Plus One Business Studies Model Question Papers Paper 1 91

2. Human Causes
It includes dishonesty, carelessness negligence of employees, stoppage of work due to power failure, riots, management inefficiency etc.
Plus One Business Studies Model Question Papers Paper 1 92

3. Economic causes:
demand, change in price, competition, technological changes etc.
Plus One Business Studies Model Question Papers Paper 1 93

4. Other causes:
Plus One Business Studies Model Question Papers Paper 1 94
It includes political disturbances, fluctuation in exchange rates, a change in govt, policies etc.
Plus One Business Studies Model Question Papers Paper 1 95

Answer 28.
The responsibility of business towards employees
Plus One Business Studies Model Question Papers Paper 1 96
1. It is the social and moral responsibility of the business to pay reasonable wage and salaries to Employees.
Plus One Business Studies Model Question Papers Paper 1 97

2. They must be provided with good work I ing conditions security of the job, medical benefits etc.
Plus One Business Studies Model Question Papers Paper 1 98

3. Respect democratic rights of workers to form unions. The responsibility of business towards consumers
Plus One Business Studies Model Question Papers Paper 1 99

1. Supply of right quality and quantity of goods and services to consumers at reasonable prices, They have the right of information about the product, price, the company etc
Plus One Business Studies Model Question Papers Paper 1 100

2. Avoiding unfair trade practices
Plus One Business Studies Model Question Papers Paper 1 101

Answer 29.
A Person who undertakes to form a company and take necessary steps for the same are called promoter.
Plus One Business Studies Model Question Papers Paper 1 102

Following are the functions of a promoter.
1. Identification of business opportunity: The first and foremost activity of a promoter is to identify a business opportunity and analysis of the same.
Plus One Business Studies Model Question Papers Paper 1 103

2. Feasibility studies: After identifying a business opportunity, promoter undertakes detailed feasibility studies such as technical feasibility, financial feasibility & economic feasibility studies to determine the viability and profitability of the proposed business.
Plus One Business Studies Model Question Papers Paper 1 104

3. Name approval: After selection of a name for the company, the promoters submit an application to the registrar of companies for its approval the selected name should not be same or identical to the name of an existing company.
Plus One Business Studies Model Question Papers Paper 1 105

4. Fixing up signatories to the memorandum of association: Promoters have to decide about the members who will be signing the memorandum of association of the proposed company.
Plus One Business Studies Model Question Papers Paper 1 106

Answer 30.
Equity shares The money raised by equity shares is called equity share capital. It represents the ownership of a company. Equity shareholders do not enjoy preferential right in the matter of the claim of dividend or repayment of capital. They do not get a fixed dividend. They have the right to vote.
Plus One Business Studies Model Question Papers Paper 1 107
Merits
Plus One Business Studies Model Question Papers Paper 1 108

  • It is suitable for investors who are willing to assume the risk for higher returns
    Plus One Business Studies Model Question Papers Paper 1 109
  • Payment dividend is not compulsory
    Plus One Business Studies Model Question Papers Paper 1 110
  • It serves as permanent capital as it is to be repaid only at the liquidation of a company.
    Plus One Business Studies Model Question Papers Paper 1 111
  • Equity shares do not create any charge on the assets of the company
    Plus One Business Studies Model Question Papers Paper 1 112
  • They have the right to vote and participate in the management.
    Plus One Business Studies Model Question Papers Paper 1 113

Answer 31.
COOPERATIVE SOCIETY
The cooperative society is a voluntary association of persons, who join together with the motive of the welfare of the members. It is compulsorily required to be registered under the Co-operative Societies Act. 1912. At least ten persons required to form a society. The capital is raised from its members through an issue of shares.
Plus One Business Studies Model Question Papers Paper 1 115
Plus One Business Studies Model Question Papers Paper 1 116

Merits
a. Equality in voting status The principle of ‘one man one vote’ governs the cooperative society. Each member is entitled to equal voting rights.
Plus One Business Studies Model Question Papers Paper 1 118

b. Limited liability
Plus One Business Studies Model Question Papers Paper 1 119
The liability of the member of co-operative society is limited to the extent of their capital contribution.
Plus One Business Studies Model Question Papers Paper 1 120

C. Stable existence the retirement, death, insolvency or insanity of the members do not affect the continuity of a cooperative society.
Plus One Business Studies Model Question Papers Paper 1 121
d. Support from government
Plus One Business Studies Model Question Papers Paper 1 122
Cooperative society gets support from the government in the form of taxes, subsidies, and low-interest rates on loans.
Plus One Business Studies Model Question Papers Paper 1 123

limitations
a. Limited resources Resources of cooperative society consist of social capital contribution by members.
Plus One Business Studies Model Question Papers Paper 1 124
b. Inefficiency in management
Plus One Business Studies Model Question Papers Paper 1 125
Cooperative societies are unable to attract and employ expert managers because of their inability to pay them high salaries.
Plus One Business Studies Model Question Papers Paper 1 126
C. Lack of secrecy
Plus One Business Studies Model Question Papers Paper 1 127
As a result of an open discussion in the meeting.
Plus One Business Studies Model Question Papers Paper 1 128

Answer 32.
Insurance
Insurance is an agreement between two parties whereby one party undertakes, in exchange for a consideration, to pay the other party an agreed sum of money to compensate the loss, damage or injury caused as a result of some unforeseen events.
Plus One Business Studies Model Question Papers Paper 1 129
1. Utmost good faith
Plus One Business Studies Model Question Papers Paper 1 130
Both the insurer and the insured should display good faith towards each other in regard to the contract
Plus One Business Studies Model Question Papers Paper 1 132

2. Insurable interest
Plus One Business Studies Model Question Papers Paper 1 131
The insured should have an insurable interest in the subject matter of insurance.
Plus One Business Studies Model Question Papers Paper 1 133Plus One Business Studies Model Question Papers Paper 1 135

3. Indemnity
All the insurance contract except life insurance are a contract of indemnity.
Plus One Business Studies Model Question Papers Paper 1 136

4. Proximate causes
When the loss is the result of two or more causes, the proximate cause for the loss alone will be considered by the insurance company for admitting the claim.
Plus One Business Studies Model Question Papers Paper 1 137

5. Subrogation
After the insured is compensated for the loss or damage to the property insured, the right of ownership of such property passes on to the insurer.
Plus One Business Studies Model Question Papers Paper 1 138

6. Contribution
Plus One Business Studies Model Question Papers Paper 1 139
If the same property is insured with one or more insurer, in case, there is a loss, the insured have no right to recover more than the full amount of his actual loss. The insurers together have to share the losses.
Plus One Business Studies Model Question Papers Paper 1 140

Answer 33.
1. Services to manufacturers;
a. Facilitate large-scale production;
Plus One Business Studies Model Question Papers Paper 1 141
Bulk orders from wholesalers enable the producers to undertake production on a large scale and take advantages of economies of scale,
Plus One Business Studies Model Question Papers Paper 1 142

b. Bearing risk
Plus One Business Studies Model Question Papers Paper 1 143
The wholesaler deals in goods in their own name and takes the risk of loss or damage in storage and transit.
Plus One Business Studies Model Question Papers Paper 1 144

C. Financial assistance
Wholesalers provide financial assistance to manufactures b means they make ready cash payment for purchases and even advance money to producers.
Plus One Business Studies Model Question Papers Paper 1 146

d. Expert advice
Plus One Business Studies Model Question Papers Paper 1 147
As wholesalers are in direct contact with retailers they provide useful information regarding customer taste and preference and market condition to manufacturers.
Plus One Business Studies Model Question Papers Paper 1 148

Services to retailers:
Plus One Business Studies Model Question Papers Paper 1 149

a. Availability of goods:
Plus One Business Studies Model Question Papers Paper 1 150
The wholesalers make the products of various manufacturers readily available to the retailers.
Plus One Business Studies Model Question Papers Paper 1 151

b. Marketing support:
The wholesalers perform various marketing functions and provide support to retailers.
Plus One Business Studies Model Question Papers Paper 1 153

C. Grant of credit
Plus One Business Studies Model Question Papers Paper 1 154
Wholesalers provide credit facilities to retailers.
Plus One Business Studies Model Question Papers Paper 1 155

d. Specialized knowledge:
Plus One Business Studies Model Question Papers Paper 1 156
The wholesalers specialize in one line of products and know the pulse of the market. So they offer expert advice to retailers.
Plus One Business Studies Model Question Papers Paper 1 157

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Business Studies Improvement Question Paper 2018

Kerala Plus One Business Studies Improvement Question Paper 2018

General Instructions to candidates

  • There is a ‘cool off-time’ of 15 minutes in addition to the writing time.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read the instructions carefully.
  • Read the questions carefully before answering.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give equations wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

Plus One Business Studies Model Question Papers Paper 2 01

Answer the following questions from 1 to 7. Each carries 1 score.
Plus One Business Studies Improvement Question Papers 2018 1

Question 1.
Fill as per the hint is given.
a. Hindrance of place Transportation
b. Hindrance of place
Plus One Business Studies Improvement Question Papers 2018 2

Question 2.
TATA Ltd., purchases tires from MRF Ltd.
This is an example of.
a. B2C Commerce
b. C2C Commerce
c. Intra B Commerce
d. B2B Commercepops
Plus One Business Studies Improvement Question Papers 2018 3

Question 3.
Rules regarding Internal management of a company is mentioned in the
a. Memorandum of Association
b. Articles of Association
c. Prospectus
d. Certificate of incorporation
Plus One Business Studies Improvement Question Papers 2018 4
Plus One Business Studies Improvement Question Papers 2018 5

Question 4.
They are petty retailers who have independent shops of a temporary nature and change their business from one locality to another,
a. Peddlers
b. Street traders
c. Cheap jacks
d. Market traders
Plus One Business Studies Improvement Question Papers 2018 6

Question 5.
Identify the first step in the export procedure.
a. Receipt of inquiry and sending quotations
b. Obtaining export license
c. Receipt of order or indent
d. Production or procurement of goods
Plus One Business Studies Improvement Question Papers 2018 7

Question 6.
These are warehouses licensed by the Government to accept imported goods prior to payment of tax and customs duty.
a. Private warehouses
b. Public warehouses:
c. Government warehouses
d. Bonded warehouses
Plus One Business Studies Improvement Question Papers 2018 8

Question 7.
Access international, a computer training institute located in London, allows C-Tech Computer Education of India, to use their logo and name for a consideration, this is an example of
a. Contract manufacturing
b. Licensing
c. Franchising
d. Joint venture
Plus One Business Studies Improvement Question Papers 2018 9

Fill in the blanks. The question carries 2 scores.
Plus One Business Studies Improvement Question Papers 2018 10

Question 8.
Plus One Business Studies Improvement Question Papers 2018 11

Answer any 6 questions from 9 to 15. Each carries 2 scores.
Plus One Business Studies Improvement Question Papers 2018 12

Question 9.
‘Charging fair prices from customers’ is an example for business ethics. Give two more examples of business ethics.
Plus One Business Studies Improvement Question Papers 2018 13

Question 10.
Some business organizations outsource their debt collection to outside agencies. Name this arrangement. List one merit of it.
Plus One Business Studies Improvement Question Papers 2018 14

Question 11.
For providing support to small-scale units, the government has formed many supporting institutions. List out any two.
Plus One Business Studies Improvement Question Papers 2018 15

Question 12.
GAMA Traders get the orders through a post and they deliver the products through the mail. Identify the form of retail outlet mentioned here and also state an advantage of it.
Plus One Business Studies Improvement Question Papers 2018 16

Question 13.
Fill in the blanks
Plus One Business Studies Improvement Question Papers 2018 17

Question 14.
Coparceners are the members of HUF business. Who is the head of such a business? Comment on his liability.
Plus One Business Studies Improvement Question Papers 2018 18

Question 15.
Railways and Post and Telegram are the examples of this type of public sector undertakings. Identify the type of PSU and give two features of it.
Plus One Business Studies Improvement Question Papers 2018 19

Answer any 3 questions from 17 to 20. Each carries 3 scores.
Plus One Business Studies Improvement Question Papers 2018 20

Question 16.
It is an arrangement where the owner of an asset, grants the other party the right to use the asset, in return for a periodic payment.
a. Name the arrangement
b. Name the owner and user in this arrangement.
Plus One Business Studies Improvement Question Papers 2018 21

Answer any 3 questions from 17 to 20. Each carries 3 scores.
Plus One Business Studies Improvement Question Papers 2018 22

Question 17.
For the upliftment of small-scale sector, Government provides various incentives. Briefly explain any three of them.
Plus One Business Studies Improvement Question Papers 2018 23

Question 18.
I am my own boss, everything is under my control”. For which form of business organization the above statement is CORRECT? Give any two merits of such business.
Plus One Business Studies Improvement Question Papers 2018 24

Question 19.
Export Processing Zone(EPZ) is one of the measures of foreign trade promotion. Brei fly explains it with an example.
Plus One Business Studies Improvement Question Papers 2018 25

Question 20.
Identify the public sector undertaking created by the Indian Companies Act 1956. List any two merits of it.
Plus One Business Studies Improvement Question Papers 2018 26

Question 21.
Match the following.
Plus One Business Studies Improvement Question Papers 2018 27

Answer any 3 questions from question numbers 22 to 25. Each carries 4 scores.
Plus One Business Studies Improvement Question Papers 2018 28

Question 22.
List any four benefits of international business to our country.
Plus One Business Studies Improvement Question Papers 2018 29

Answer any 3 questions from 23 to 26. Each carries 4 scores.
Plus One Business Studies Improvement Question Papers 2018 30

Question 23.
Identify the type of partners in the following cases:
a. Mr. Nirmal contributed Rs.l lakh as capital in Maithri Traders but do not participate in the day to day activities.
b. A well-known person allows Maithri Traders to use his name but doesn’t contribute capital or share profits.
c. Mr.Deepu pretends to be a partner in Maithri Traders, but actually, he is not.
d. Mr. Rajesh contributed Rs 1 lakh as capital in Maithri Traders and participate s in the conduct of business.
Plus One Business Studies Improvement Question Papers 2018 31

Question 24.
Write any four benefits of E-banking.
Plus One Business Studies Improvement Question Papers 2018 32

Question 25.
Classify the following into long term and short term sources of finance.
a. Factoring
b. Retained earnings
c. Preference Shares
d. Bank overdraft
e. Commercial papers
f. Debentures
g. Trade credits
h. Equity shares
Plus One Business Studies Improvement Question Papers 2018 33

Question 26.
“Outsourcing of noncore activities are beneficial to business units.”Do you agree? Comment on this statement by highlighting your views.
Plus One Business Studies Improvement Question Papers 2018 34

Answer any 3 questions from 27 to 30. Each carries 5 scores.
Plus One Business Studies Improvement Question Papers 2018 35

Question 27.
“Risk is an essential part of every business.” Explain its causes
Plus One Business Studies Improvement Question Papers 2018 36

Question 28.
State any three responsibilities of business towards employees and any two towards consumers.
Plus One Business Studies Improvement Question Papers 2018 37

Question 29.
Who are promoters? Briefly explain any four functions performed by them.
Plus One Business Studies Improvement Question Papers 2018 38

Question 30.
Write any five advantage of equity shares as a source of finance.
Plus One Business Studies Improvement Question Papers 2018 39

Answer any 2 questions from 31 to 33. Each carries 8 scores.

Question 31.
Identify the business organization formed voluntarily by a group of people for mutual benefits, Following the principle of “one man one vote”. Also, explain its four merits and three limitations.
Plus One Business Studies Improvement Question Papers 2018 41

Question 32.
Explain the major principles of insurance.
Plus One Business Studies Improvement Question Papers 2018 42

Question 33.
Explain any four services each rendered by wholesalers to manufactures as well as to the retailers.
Plus One Business Studies Improvement Question Papers 2018 43

Answers

Answer 1.
Hindrance of risk Insurance

Answer 2.
B2B Commerce

Answer 3.
Articles of Association

Answer 4.
Cheap jacks

Answer 5.
Receipt of inquiry and sending quotations

Answer 6.
Bonded warehouses

Answer 7.
Franchising

Answer 8.
Extractive Industry Service Industry

Answer 9.
a. Using fair weights for measurement to from modities.
b. Giving fair treatment to workers
c. Earning reasonable profits
d. Lack of desired services and country to consumers
e. Misleading and dishonest advertising

Answer 10.
Factoring or Outsourcing / BPO Merits Outsourcing helps in stimulating entrepreneurship, employment, and exports in the host countries. This will result in economic development.
Plus One Business Studies Improvement Question Papers 2018 44

Answer 11.

  1. NABARD
  2. SIDBI

Answer 12.
Mail order business
Plus One Business Studies Improvement Question Papers 2018 45Plus One Business Studies Improvement Question Papers 2018 46
it is a kind of retail business which receive and deliver the goods through the mail. Goods are delivered to customers only on making full payment for the same and the goods may be sent by value payable post (VPP).
Plus One Business Studies Improvement Question Papers 2018 47

Advantage
Plus One Business Studies Improvement Question Papers 2018 48
It requires only limited capital as it does not require heavy expenditure on building and other infrastructural facilities.

Plus One Business Studies Improvement Question Papers 2018 49

  • Elimination of middlemen between the buyer and seller
    Plus One Business Studies Improvement Question Papers 2018 50

Answer 13.

a. Business Profit
c. Employment Salary/wage

Answer 14.
Head of the business Karta Liability of Karta is unlimited.
Plus One Business Studies Improvement Question Papers 2018 51

Answer 15.
Departmental undertaking
Plus One Business Studies Improvement Question Papers 2018 52
This is the oldest form of organizing public sector enterprises. It may be run either by the central government or by the state government. They are managed by the government employees and works under the center of a minister.
Eg: Railway, Post and Telegraph etc.
Plus One Business Studies Improvement Question Papers 2018 53

  1. They are financed from the government Treasury.
    Plus One Business Studies Improvement Question Papers 2018 54
  2. They are subject to accounting and audit controls applicable other government activities.
    Plus One Business Studies Improvement Question Papers 2018 55
  3. The employees of the enterprise are government servants.
    Plus One Business Studies Improvement Question Papers 2018 56

Answer 16.
a. Leasing
b.
Owner – Lessor
User – Lessee

Answer 17.
Land
Plus One Business Studies Improvement Question Papers 2018 57
Every State offers developed plots for setting up of industries.
Plus One Business Studies Improvement Question Papers 2018 58
Power
Plus One Business Studies Improvement Question Papers 2018 59
Power is supplied at a concessional rate of 50 percent.
Plus One Business Studies Improvement Question Papers 2018 60

Water use
Water is supplied on a nonprofit, no loss basis or with 50 percent concession or exemption from water charges for a period of 5 years,
Plus One Business Studies Improvement Question Papers 2018 62

Sales Tax
Plus One Business Studies Improvement Question Papers 2018 63
In all union territories, industries are exempted from sales tax, while some states extend an exemption for 5 years period.
Plus One Business Studies Improvement Question Papers 2018 64

Answer 18.
SOLE PROPRIETORSHIP
Plus One Business Studies Improvement Question Papers 2018 65
Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risk. A sole proprietor is the one who is the only owner of a business.
Plus One Business Studies Improvement Question Papers 2018 66

Merits
Plus One Business Studies Improvement Question Papers 2018 67

  • Quick decision
    Plus One Business Studies Improvement Question Papers 2018 68 Plus One Business Studies Improvement Question Papers 2018 69
    a sole trader has full control over affairs of business, so he enjoys a considerable degree of freedom in decision making.
    Plus One Business Studies Improvement Question Papers 2018 70
  • Confidentiality of information
    Plus One Business Studies Improvement Question Papers 2018 71
    A sole trader can keep all information related to business operations confidential and maintain secrecy.
    Plus One Business Studies Improvement Question Papers 2018 72

Answer 19.
Export Processing Zone
Plus One Business Studies Improvement Question Papers 2018 73
These are set up to increase, production for exports. These are industrial estates which form enclaves within the national customs territory. They are usually located near the international air airport seaport. There are several export processing zones in India. They are
Plus One Business Studies Improvement Question Papers 2018 74

  1. Kandla Export Processing Zone
    Plus One Business Studies Improvement Question Papers 2018 75
    (KEPZ), Kanld a Gujarat.
  2. Santa Cruz Electronic Export Processing Zone
    Plus One Business Studies Improvement Question Papers 2018 76
    Bombay.
  3. Noida Export Processing Zone
    Plus One Business Studies Improvement Question Papers 2018 77
    (NEPZ), Noida, up.

Answer 20.
Government company
Plus One Business Studies Improvement Question Papers 2018 78
A government company is established under the Indian Companies Act, 1956 and is registered and governed by the provisions of the Indian Companies Act. According to the Indian Companies Act 1956, a government company means any company in which not less than 51 percent of the paid up capital is held by the central government, or partly by central government and partly by one or more state governments.
Plus One Business Studies Improvement Question Papers 2018 79

Merits
Plus One Business Studies Improvement Question Papers 2018 80

  1. A government company can be established by fulfilling the requirements of the Indian companies act.
    Plus One Business Studies Improvement Question Papers 2018 81
  2. It has a separate legal entity, apart from the government.
    Plus One Business Studies Improvement Question Papers 2018 82
  3. It enjoys autonomy in decision making.
    Plus One Business Studies Improvement Question Papers 2018 83Plus One Business Studies Improvement Question Papers 2018 84

Answer 21.
Plus One Business Studies Improvement Question Papers 2018 85

Answer 22.
a. Earning of Foreign exchange
b. More efficient use of resources
c. Improving growth prospects and employment potentials
d. Increased standard of living

Answer 23.
1. Natural Causes
Plus One Business Studies Improvement Question Papers 2018 86
it includes natural calamities like earthquake, flood, lightning, heavy rains, famine etc.
Plus One Business Studies Improvement Question Papers 2018 87

2. Human Causes
Plus One Business Studies Improvement Question Papers 2018 88
It includes dishonesty, carelessness or negligence of employees, stoppage of work due to power failure, riots, management inefficiency etc.
Plus One Business Studies Improvement Question Papers 2018 89

3. Economic Causes
It includes changes in demand, change in price, competition, technological changes etc.

4. Other causes
Plus One Business Studies Improvement Question Papers 2018 92
It includes political disturbances, fluctuation in exchange rates, a change in govt, policies etc.
Plus One Business Studies Improvement Question Papers 2018 93

Answer 24.
Partnership deed
Plus One Business Studies Improvement Question Papers 2018 94
The written agreement which specifies the terms and conditions that govern the partnership is called the partnership deed.
Plus One Business Studies Improvement Question Papers 2018 95

The partnership deed generally includes the following aspects
Plus One Business Studies Improvement Question Papers 2018 96

  1. Name Of firm
    Plus One Business Studies Improvement Question Papers 2018 97
  2. Nature of business and location of a business.
    Plus One Business Studies Improvement Question Papers 2018 98
  3. Duration of business
    Plus One Business Studies Improvement Question Papers 2018 99
  4. Investment made by The investmenter
    Plus One Business Studies Improvement Question Papers 2018 100
  5. Distribution of profits and losses
    Plus One Business Studies Improvement Question Papers 2018 101
  6. Duties and obligation of the partners
    Plus One Business Studies Improvement Question Papers 2018 102
  7. Salaries and withdrawal of the partners
    Plus One Business Studies Improvement Question Papers 2018 103

Answer 25.
Joint Ventures
Plus One Business Studies Improvement Question Papers 2018 104
This is a very common mode of entering into international business. Joint venture means starting a firm which is jointly owned by two or more otherwise independent firms. A joint venture comes into being in three major ways:
Plus One Business Studies Improvement Question Papers 2018 105
Plus One Business Studies Improvement Question Papers 2018 106

  • Increased resources and capacity
  • Access to new markets
  • Access to technology
  • Innovation
  • Low cost of production
  • Established brand name

Answer 26.
Plus One Business Studies Improvement Question Papers 2018 107

Answer 27.
Outsourcing
Plus One Business Studies Improvement Question Papers 2018 108
“BPO (business Process Outsourcing) is a system of getting business tasa k accomplished through an outside agency. Eg, transportation of raw mate rials into the factory may be entrusted to a transport company.
Plus One Business Studies Improvement Question Papers 2018 109
Plus One Business Studies Improvement Question Papers 2018 110

Benefits of outsourcing
1. Focusing of attention
Plus One Business Studies Improvement Question Papers 2018 111
Outsourcing benfits the organization by focusing on core areas and contracting out non-core business.
Plus One Business Studies Improvement Question Papers 2018 112

2. Quest for excellence
Plus One Business Studies Improvement Question Papers 2018 113
Outsourcing enables the firms to pursue excellence through division of labour and specialization.
Plus One Business Studies Improvement Question Papers 2018 114

3. Cost reduction
Plus One Business Studies Improvement Question Papers 2018 115
It helps the organization to get an expert and specialize services at competitive prices. It helps in improved service and reduction in costs.
Plus One Business Studies Improvement Question Papers 2018 116

4. Growth through alliance
Plus One Business Studies Improvement Question Papers 2018 117
To the extent you can avail of the services of others, your investment requirements are reduced, others have invested for you. Therefore you can expand rapidly.
Plus One Business Studies Improvement Question Papers 2018 118

5. Fillip to economic development
Plus One Business Studies Improvement Question Papers 2018 119Plus One Business Studies Improvement Question Papers 2018 120
Outsourcing helps in stimulating entrepreneurship, employment, and exports in the host countries. This will result in economic development.
Plus One Business Studies Improvement Question Papers 2018 121

Answer 28.
Arguments for Social Responsibility
Plus One Business Studies Improvement Question Papers 2018 122
1. A justification for existence and growth
Plus One Business Studies Improvement Question Papers 2018 123
Business exists for providing goods and services to satisfy human needs. Though profit motive is an important justification for undertaking a business activity.
Plus One Business Studies Improvement Question Papers 2018 124

2. The long-term interest of the firm
Plus One Business Studies Improvement Question Papers 2018 125
A firm and its image stand to gain maximum profits in the long run when it has its highest goal as service to society. When an increasing number of members of society, including workers, consumers, shareholders, government official feel that business enterprise is not serving its best interest, they will tend to withdraw their cooperation to the enterprise concerned.
Plus One Business Studies Improvement Question Papers 2018 126

3. Avoidance of government regulation
Plus One Business Studies Improvement Question Papers 2018 127
From the point of view of a business, government regulations are undesirable because they limit freedom. Therefore, it is believed that businessmen can avoid the problem of government regulations by voluntarily assuming social responsibilities. Which helps to reduce the need for new laws.
Plus One Business Studies Improvement Question Papers 2018 128

4. Maintenance of society
Plus One Business Studies Improvement Question Papers 2018 129
The argument here is that laws can not be passed for all possible circumstances. People who feel that they are not getting their due from the business may resort to anti-social activities, not necessarily governed by law.
Plus One Business Studies Improvement Question Papers 2018 130

5. Availability of resources with business
Plus One Business Studies Improvement Question Papers 2018 131
This argument holds that business institutions have valuable financial and human resources which can be effectively used for solving problems.
Plus One Business Studies Improvement Question Papers 2018 132

6. Converting problems into opportunities
Plus One Business Studies Improvement Question Papers 2018 133
Related with the preceding argument is the argument that business with its glorious history of converting risky situations into profitable deals, cannot only solve social problems but it can also make them effectively useful by accepting the challenge.
Plus One Business Studies Improvement Question Papers 2018 134
Plus One Business Studies Improvement Question Papers 2018 135

7. A better environment for doing business
Plus One Business Studies Improvement Question Papers 2018 136
If the business is to operate in a society which is full of diverse and complicated problems. It may have little chance of success. Therefore, it is argued that the business system should do something to meet needs before it is confronted with a situation when its own survival is endangered due to enormous social illnesses.
Plus One Business Studies Improvement Question Papers 2018 137

8. Holding business responsible for social problems
Plus One Business Studies Improvement Question Papers 2018 138
It is argued that some of the social problems have either been created or perpetuated by business enterprises themselves. Environmental pollution, unsafe workplaces, corruption in public institutions, and discriminatory practices in employment are some of these problems.
Plus One Business Studies Improvement Question Papers 2018 139

Arguments Against Social Responsibility
Plus One Business Studies Improvement Question Papers 2018 140

1. Violation of profit maximization objective
Plus One Business Studies Improvement Question Papers 2018 141
According to this argument, business exists only for profit maximization. Therefore any talk of social responsibility is against this objective.
Plus One Business Studies Improvement Question Papers 2018 142
Plus One Business Studies Improvement Question Papers 2018 143

2. Burden on consumers ”
Plus One Business Studies Improvement Question Papers 2018 144
It is argued that social responsibilities like pollution control and environmental protection are very costly and often require huge financial investments.
Plus One Business Studies Improvement Question Papers 2018 145

3. Lack of social skills
Plus One Business Studies Improvement Question Papers 2018 146
All social problems can not be solved the way business problems are solved. In fact, the businessman does not have the necessary understanding and training to solve social problems.
Plus One Business Studies Improvement Question Papers 2018 147

4. Lack of broad public support
Plus One Business Studies Improvement Question Papers 2018 148
Here the argument is that the public, in general, does not like business involvement or interference in social programs.
Plus One Business Studies Improvement Question Papers 2018 149

Debenture
Plus One Business Studies Improvement Question Papers 2018 150
A debenture is an instrument issued by company raising long-term debt capital, under its seal to acknowledge its debt. Debenture holders are creditors of the company. It bears a fixed rate of interest.
Plus One Business Studies Improvement Question Papers 2018 151
Plus One Business Studies Improvement Question Papers 2018 152

Merits
Plus One Business Studies Improvement Question Papers 2018 153

  • Interest on debentures is a tax deduvtible expense.
    Plus One Business Studies Improvement Question Papers 2018 154
  • They guarantee a fixed rate of interest.
    Plus One Business Studies Improvement Question Papers 2018 155
  • Debentures are less costly as compared to a cost of preference shares.
    Plus One Business Studies Improvement Question Papers 2018 156
  • Debentures can be redeemed at any time when a company has surplus fund.
    Plus One Business Studies Improvement Question Papers 2018 157
  • They have no voting rights. So, control of management is not affected.
    Plus One Business Studies Improvement Question Papers 2018 158

Answer 30.
1. Services to producers:
a. Facilitate large-scale production:
Plus One Business Studies Improvement Question Papers 2018 159
Bulk orders from wholesalers enable the producers to undertake production on a large scale and take advantages of economies of scale.
Plus One Business Studies Improvement Question Papers 2018 160

b. Bearing risk
Plus One Business Studies Improvement Question Papers 2018 161
The wholesaler deals in goods in its own name and take the risk of loss or damage in storage and transit.
Plus One Business Studies Improvement Question Papers 2018 162

C. Financial assistance
Plus One Business Studies Improvement Question Papers 2018 163
Wholesalers provide financial assistance to manufacturers means they make ready cash payment for purchases and „ even advance money to producers.
Plus One Business Studies Improvement Question Papers 2018 164

d. Expert advice aflracoGraoonjcrauoo
Plus One Business Studies Improvement Question Papers 2018 165
As wholesalers are in direct contact with retailers they provide useful information regarding customer taste and preference and market conditions to manufacturers.
Plus One Business Studies Improvement Question Papers 2018 166

e. Help in marketing function:
Functions of wholesalers relieve producers from many of the marketing activities and enable them to concentrate on the production activity.
Plus One Business Studies Improvement Question Papers 2018 167

f. Facilitate production continuity by purchasing the goods and when these are produced

g. Storage/warehousing of goods produced
Plus One Business Studies Improvement Question Papers 2018 168

2. Services to retailers:
Plus One Business Studies Improvement Question Papers 2018 169

a. Availability of goods:
Plus One Business Studies Improvement Question Papers 2018 170
The wholesalers make the products of various manufacturers readily available to the retailers.
Plus One Business Studies Improvement Question Papers 2018 171

b. Marketing support:
Plus One Business Studies Improvement Question Papers 2018 173
The wholesalers perform various marketing functions and provide support to retailers.
Plus One Business Studies Improvement Question Papers 2018 172

c. Gant of credit;
Plus One Business Studies Improvement Question Papers 2018 177
Wholesalers provide credit facilities to retailers.
Plus One Business Studies Improvement Question Papers 2018 175

d. Specialized knowledge:
Plus One Business Studies Improvement Question Papers 2018 176
The wholesalers specialize in one line of products and know the pulse of the market. So they offer expert advice to retailers.
Plus One Business Studies Improvement Question Papers 2018 178

e. Risk sharing
Plus One Business Studies Improvement Question Papers 2018 179
Wholesalers sell goods to retailers in small quantities and thus retailers do not face the risk of storage, pilferage, obsolescence etc.
Plus One Business Studies Improvement Question Papers 2018 180

Answer 31.
Stages of formation

  1. Promotion
    Plus One Business Studies Improvement Question Papers 2018 181
  2. Incorporation
    Plus One Business Studies Improvement Question Papers 2018 182
  3. Subscription of capital
    Plus One Business Studies Improvement Question Papers 2018 183
  4. Commencement of business
    Plus One Business Studies Improvement Question Papers 2018 184

1. Promotion
Plus One Business Studies Improvement Question Papers 2018 185
Promotion is the initial stage in the formation of a company. Promotion simply means the sum total of all activities which are necessary for bringing the company into existence.
Plus One Business Studies Improvement Question Papers 2018 186

2. Incorporation
Plus One Business Studies Improvement Question Papers 2018 187
In the legal sense, a company comes into existence only after its incorporation. For this, an application accompanied by the following documents are to be prepared and filed with the registrar of companies with the prescribed fee by the promoters.
Plus One Business Studies Improvement Question Papers 2018 188
a. The memorandum of association duly stamped .signed and witnessed
b. Articles of association duly stamped, signed and witnessed
c. Written consent of the proposed directors
d. An agreement, if any, with proposed director
e. A copy of the registrars’ letter approving the name of the company
f. Statutory declaration
g. A notice about the extracted address of the registered office
h. Documentary evidence of payment of registration fees.

3. Capital subscription
Plus One Business Studies Improvement Question Papers 2018 189
A public company can raise funds from the public by issuing shares and debentures. For this, promoters have to take the following steps:
Plus One Business Studies Improvement Question Papers 2018 190
a. Obtain consent from SEBI.
b. File prospectus with a registrar of companies
Plus One Business Studies Improvement Question Papers 2018 192
c. Appointment of bankers, brokers, underwriters
Plus One Business Studies Improvement Question Papers 2018 193
d. Ensure that the minimum subscription is received
Plus One Business Studies Improvement Question Papers 2018 194
e. Application to a stock exchange for listing of companies securities
Plus One Business Studies Improvement Question Papers 2018 195
f. After making adjustment regarding application money received, issue allotment letters to successful applicant and file return of allotment with the registrar of companies.
Plus One Business Studies Improvement Question Papers 2018 196

4. Commencement of business
Plus One Business Studies Improvement Question Papers 2018 198
A public company raising funds from the public has to apply to the registrar of companies for the certificate of commencement of business along with the following documents.
Plus One Business Studies Improvement Question Papers 2018 199
1. A declaration about meeting minimum subscription requirement.
Plus One Business Studies Improvement Question Papers 2018 200
2. A declaration about details in respect of allotment to directors
Plus One Business Studies Improvement Question Papers 2018 201
3. A declaration about no money being payable to the applicant
Plus One Business Studies Improvement Question Papers 2018 202
4. A statutory declaration
Plus One Business Studies Improvement Question Papers 2018 203
A public company raising funds privately has to submit only documents 2 and 4 listed above.
Plus One Business Studies Improvement Question Papers 2018 204

The registrar, upon satisfaction, issues a certificate of commencement of business. It is also conclusive evidence that public company is legally entitled to do business.
Plus One Business Studies Improvement Question Papers 2018 205

Answer 32.
Life insurance
Plus One Business Studies Improvement Question Papers 2018 206
Life insurance may be defined as a contract in which the insurer, in consideration of a premium paid either in a lump sum or in periodical installments by the insured, undertakes to pay a certain sum of money either on the death of the insured or in the expiry a certain number of years.
Plus One Business Studies Improvement Question Papers 2018 207

Types of life insurance policies
Plus One Business Studies Improvement Question Papers 2018 208
1. Whole life policy
Plus One Business Studies Improvement Question Papers 2018 209
In this kind of policy, the insured has to pay premium throughout his lifetime and the assured sum become due for payment to the beneficiary only after the death of the insured.
Plus One Business Studies Improvement Question Papers 2018 210

2. Endowment life assurance policy
Plus One Business Studies Improvement Question Papers 2018 211
The insurance company undertakes to pay a specified sum when the insured attains a particular age or on his death whichever is earlier.
Plus One Business Studies Improvement Question Papers 2018 212

3. Joint life policy
Plus One Business Studies Improvement Question Papers 2018 213
This policy is taken up by two or more persons. The premium is paid jointly or by either of them in installments or lump sum.
Plus One Business Studies Improvement Question Papers 2018 214

4. Annuity policy
Plus One Business Studies Improvement Question Papers 2018 215
Under this policy, the assured sum is payable after the assured attains a certain age in monthly, quarterly, half yearly or annual installments.
Plus One Business Studies Improvement Question Papers 2018 216

5. Children’s endowment policy
Plus One Business Studies Improvement Question Papers 2018 217
This policy is taken by a person for is/her children to meet the expenses of their education or marriage.
Plus One Business Studies Improvement Question Papers 2018 218

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Business Studies Previous Year Question Paper 2017

Kerala Plus One Business Studies Previous Year Question Paper 2017

General Instructions

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
  • You are not allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read questions carefully before you answering.
  • All questions are compulsory and the only internal choice is allowed.
  • When you select a question, all the sub-questions must be answered from the same question itself.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give provided wherever necessary.
  • Electronic devices except non-programmable calculators are not allowed in the Examination Hall.

HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 1
Question 1.
Which one of the following is NOT related to the general objectives of the business?
a. Innovation
b. Physical and financial resources
c. Warehousing
d. Productivity
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 2

Question 2.
The business operations in a Joint Hindu Family business is controlled by ……………….
a. partners
b. karta
c. co – parceners
d. shareholders
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 3

Question 3.
The government decided to sell the shares in the telecom department to the private sector. This is an example of ………………
a. disinvestment.
b. memorandum of undertaking
d. rehabilitation
c. reconstruction
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 4

Question 4.
……………….. are licensed by the government to accept imported goods prior to payment of tax and customs duty.
a. Cooperative warehouse
b. Private warehouse
c. Bonded warehoused
d. Government warehouse
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 5

Question 5.
Transportation removes the hindrance of ……………….. in trading activities.
a. place
b. time
c. risk
d. finance
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 6

Question 6.
Mrs. Usha purchased a smartphone from LG company through the internet is a ……………….. activity.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 7
a. B2B
b. B2G
c. B2C
d. C2C

Question 7.
One of the following is against business ethics. Find it.
a. Charging a fair price for the product
b. Giving wages to employees if by not considering their workload
c. Using correct measurement for products
d. Giving chances to hear the problems of employees
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 8

Question 8.
If a Public Limited Company is NOT preparing the Article of Association, it can adopt ………………….
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 9
a. Table A
b. Table B
c. Table C
d. Table D

Question 9.
………………….. document shows the relationship of the company with outsiders.
a. Articles of Association
b. Memorandum of Association
c. Prospectus
d. Certificate of Incorporation
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 10
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 11

Question 10.
………………. is the link between wholesaler and customer.
a. Manufacturer
b. Supplier
c. Retailer
d. None of these
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 12

Question 11.
A receipt issued by the commanding officer of a ship when the cargo is loaded on the ship is known as ………………
a. shipping receipt
b. mates receipt
c. cargo receipt
d. charter receipt
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 13

Question 12.
Manufacturing and selling goods beyond the boundaries of one’s own country are called ………………
a. national business
b. international business
c. domestic business
d. none of these
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 14

Question 13.
Identify the form of business organization related to the following statements.
a. An artificial person created by law.
b. Association of persons with the motive of the welfare of members.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 15

Question 14.
Write a short note on partnership deed.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 16

Question 15.
What do you mean by Export Promotion Zones (EPZ)?
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 17

Question 16.
Correct the table given below, if there is a mistake.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 18

Question 17.
Explain how the business units make land pollution.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 19

Question 18.
“People work for others and get remuneration”.
a. Identify the economic activity involved in the above statement.
b. Write any two features of that economic activity.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 20

Question 19.
AM Associates in India and C-Link Associates in Japan, two computer assembling firms, joined together and formed AMC Associates to do the same business.
a. Name the mode of international business mentioned above.
b. State any two advantages of such business.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 21

Question 20.
Explain the causes of business risks.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 22

Question 21.
Give a brief note about the social responsibility of business.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 23

Question 22.
Write any three limitations of mail-order business.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 24

Question 23.
a ………………. are also known as rural industries or traditional industries.
b. Write any three features of these industries.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 25

Question 24.
Explain any four characteristics of a Government company.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 26

Question 25.
‘Match column A with column B.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 27

A B
(a) Payment at the time of delivery (i) Non-core activities
(b) Plastic money (ii) Cash on delivery
(c) Exists in the cyberspace (iii) Credit/Debit card
(d) Outsourcing (iv) Digital cash

Question 26.
Ram and Rahim decided to start a mobile shop at Aluva.
a. Which form of business organization is suitable to them?
b. Explain different types of such organization.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 28
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 29

Question 27.
The two main documents required for the formation of a company are Memorandum’of Association and Articles of Association. What are the differences between them?
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 30

Question 28.
Explain the features of departmental stores.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 31

Question 29.
This service helps to reduce the impact of loss likely to be caused by uncertain events in a busi¬ness.
a. Identify the name of the service.
b. Explain the principles related to such services.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 32

OR

a. Explain the different types of banks.
b. Explain the functions of commercial banks.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 33

Question 30.
Explain the factors affecting the choice of business finance.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 34

OR

What is meant by public deposits? Explain its merits and limitations as a source of finance.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 35

Answers

Answer 1.
c. Warehousing

Answer 2.
b. karta

Answer 3.
a. Disinvestment

Answer 4.
c. Bonded warehouse

Answer 5.
a. place

Answer 6.
c. B2C

Answer 7.
b. Giving wages to employees by not considering their workload

Answer 8.
a. Table A

Answer 9.
b. Memorandum of Association

Answer 10.
c. Retailer

Answer 11.
b. Mates Receipt

Answer 12.
b. International business

Answer 13.
a. Joint stock company b. cooperative society

Answer 14.
The written agreement which specifies the terms and conditions that governs the partnership is called a partnership deed.

Answer 15.
Industrial estate, which forms enclaves from domestic tariff areas. Provide an internationally com petite ve duty-free environment for export production at low cost

Answer 16.
HSS Live Plus One Business Studies Previous Year Question Papers and Answers 2017 36

17. Land pollution
Dumping of toxic waste on land causes land pollution. This damages the quality of land making it unfit for agriculture or plantation. Restoring the quality of the land that has already been damaged is a big problem.

Answer 18.
a. Employment
b.

  • There must exist an employer-employee relationship.
  • Employees get a salary or wages for their services
  • Regularity in service

Answer 19.
a. Joint ventures
b. It helps to execute large projects requiring huge capital outlays and manpower. The foreign business firms benefit from local partners knowledge of the host countries.

Answer 20.
Causes of Business Risks

  1. Natural Causes:
    it includes natural calamities like earthquake, flood, lightning, heavy rains, famine etc.
  2. Human Causes:
    It includes dishonesty, earless lessor negligence of employees, stoppage of work due to power failure, riots, management inefficiency etc.
  3. Economic Causes:
    It includes changes in demand, change in price, competition, technological changes etc.
  4. Other causes:
    it includes political disturbances, fluctuation in exchange rates, the change in govt, policies etc.

Answer 21.
Social responsibility of business refers to its obligation to take those decisions and perform those actions which are desirable in terms of objectives and values of our society. Obligations to take those decisions and perform those actions which are desirable in terms of the objectives and values of the society. Respect the aspirations of the society and try best to contribute to the achievement of these aspirations. Voluntary action from the part of business units for the benefit of society. (Consider any meaningful explanation of the social responsibility of business)

Answer 22.

  • Lack of personal contact
  • High promotion cost.
  • No after sale service
  • No credit facility
  • High dependence of postal service

Answer 23.
a. Cottage industries/village industries
b. Organized by individuals with Pvt resources, use family labor and locally available talent, small capital unit, equipment used is simple, produce simple products.

Answer 24.

  • A government company can be established by fulfilling the requirements of the Indian companies act.
  • It has a separate legal entity, apart from the government.
  • It enjoys autonomy in decision making.
  • These companies are able to control the market.

Answer 25.

A B
(a) Payment at the time of delivery (ii) Cash on delivery
(b) Plastic money (iii) Credit/Debit card
(c) Exists in the cyberspace (iv) Digital cash
(d) Outsourcing (i) Non-core activities

Answer 26.
a. Partnership
b. Types of partnerships

I. Classification on the basis of duration

  1. Partnership at will This type of partnership continue as long as the partners want a¬nd is terminated when any partners give notice of withdrawal from partnership to the firm
  2. The particular partnership which is formed for the accomplishment of a particular project to be carried on over a specified period of time is called a particular partnership.

II. Classification on the basis of liability

  1. General partnership In general partnership liability of partners is unlimited and joint Registrationoffirm is optional. Existe nee of a firm is affected by the death, insolvency or retirement of the partners.
  2. Limited partnership In a limited partnership, the liability of at least one partner is unlimited whereas the rest may have limited liability. Registration of such a firm is compulsory. The existence of such a firm is not affected by the death, insolvency or retirement of the limited partners.

Answer 27.

Memorandum of Asso­ciation Articles of association
Defines the objectives of a company Defines rules of internal management
Main document of the company Subsidiary document
Defines relationship of the company with outsiders Defines relationship wi­th members
Every company has to file Not compulsory to a pub­lic limited company
A company cannot act beyond the provision of the memorandum Acts beyond articles can be satisfied by members
alteration is difficult can be altered by special resolution

Answer 28.
a. Provide all facilities such as restaurant, telephone booth etc
b. Located at a central place
c. started at large scale basis as the joint stock company
d. Combinesthefunctionsofretaining and warehousing
e. centralized purchasing and decentralized selling.

Answer 29.
a. Insurance
b. Insurance is an agreement between two parties whereby one party undertakes, in exchange for a consideration, to pay the other party an agreed sum of money to compensate the loss, damage or injury caused as a result of some unforeseen events.

  • The agreement put in writing and is known as a policy.
  • The person whose risk is insured is called insured.
  • The firm which insurances the risk of loss is called insurer.

Fundamental principle of insurance

The basic principle of insurance is that an individual or business concern chooses to spend a definitely huge amount involved in an indefinite future.

OR

a. Types of banks

1. Commercial banks
Commercial banks are institution dealing in money, ie, accepting deposits and grant loans and advances to their customers, two types of commercial banks

  • Public sector banks Those banks which are owned and managed by the government.
  • Private sector banks  Those banks which are owned and managed by the private parties.

2. Co-operative banks
Cooperative banks are governed by the provisions of State Cooperative Societies Act on the principles of self-help and mutual help, self-help, and mutual help.

3. Specialized bank
Specialized banks are foreign exchange banks, industrial banks, development banks, export-import banks catering to specific needs of these unique activities.

4. Central bank
The central bank of any country supervises, controls and regulates the activities of all the commercial banks of that country.

b. Functions of commercial banks

1. Acceptance of deposits
The commercial bank accepts depo¬sits from the people. The different types of deposits are a current account, savings account and fixed deposits.

2. Lending of funds
The second major activity of commercial banks is to provide loans and advances out of the money received through deposits. These advances can be made in the form of overdrafts, cash credits, discounting trade bill etc.

3. Cheque facilty
It is the very important service which is provided the customers by this one can any time collect theircheques and drawn on other banks. There are two type of cheques mainly

  • bear er cheque and
  • crossed cheque.

4. Remittance of funds
Another function of a commercial bank is providing the facility of fund transfer from one place to another, on account of the interconnectivity of branches.

5. Allied services
Besides these, a bank also provides allied services such as bill payments, locker facility, underwriting services, buying and selling of shares and debentures on instruction etc.

Answer 30.
Cost The cost of procurement of funds & cost of utilising the funds should be taken into account while deciding about the source of funds that will be used by an organization.

  • Financial strength & stability of operation
    In the choice of source of funds, business should be in a sound financial position so as to able to repay the principal amount and interest on the borrowed amount. When the earing of the organisation are not stable, It can issue equality shares to collect the fund.
  • Form of organization & legal status
    The form of business organisation and status influence the choice of a source for raising money.
  • Purpose & time period
    Business should plan according to the time period for which the funds are required. A short-term need can be net through borrowing funds at low rate of interest through trade credit, commercial paper etc. For long-term finance sources such as issue of shares and de- bentares are more appropriate
  • Risk
    Business should evaluate each of the source of finance in terms of the risk involved.
  • Control
    Business firm should choose a source keeping in mind the extent to which they are willing to share their control over business
  • Flexibility
    Another aspect affecting the choice of a source of finance is the flexibility ease of obtaining funds

OR

Public deposit, the deposit\data raised by the organisation directly from the public are known public deposits rates of interest offered on public deposits are usually higher than those allowed by a commercial bank.
Demerits

  • It may cause dissatisfaction amongst the shareholders as they would get a lower dividend.
  • It is an uncertain source of funds as the profits of a business are flue tuating.
  • It may attract government regulation.

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Business Studies Previous Year Question Paper 2018

Kerala Plus One Business Studies Previous Year Question Paper 2018

General Instructions to candidates

  • There is a ‘cool off time’ of 15 minutes in addition to the writing time.
  • Use the ‘cool off time’ to get familiar with the questions and to plan your answers.
  • Read the instructions carefully.
  • Read the questions carefully before answering.
  • Calculations, figures, and graphs should be shown in the answer sheet itself.
  • Malayalam version of the questions is also provided.
  • Give equations wherever necessary.
  • Electronic devices except nonprogrammable calculators are not allowed in the Examination Hall.

Plus One Business Studies Model Question Papers Paper 2 01

Answer all questions from question numbers 1 to 9. Each carries one score.
Plus One Business Studies Previous Year Question Papers and Answers 2018 1

Question 1.
The broad classification of business activities includes and.
a. Trade and Auxiliaries to trade
b. Industry and Commerce
c. Industry and Traded
d. Internal Trade and External Trade
Plus One Business Studies Previous Year Question Papers and Answers 2018 2

Question 2.
Which among the following is the main characteristic of Hindu Undivided Family Business?
a. Single ownership
b. Transfer of membership
c. Membership by birth
d. Registration is compulsory
Plus One Business Studies Previous Year Question Papers and Answers 2018 3

Question 3.
VSAT (Very Small Aperture Terminal) is satellite-based…
a. rail transport service
b. communication service
c. banking service
d. air transport service
Plus One Business Studies Previous Year Question Papers and Answers 2018 4

Question 4.
An apex bank set up in India to provide financial assistance to small business organizations is …………..
Plus One Business Studies Previous Year Question Papers and Answers 2018 5
a. SIDBI
b. RSBDC
c. IDBI
d. IBRD

Question 5.
Identify the document issued by public companies to invite public to subscribe to its shares.
a. Prospectus
b. Memorandum of Association
c. Table A
d. Articles of Association
Plus One Business Studies Previous Year Question Papers and Answers 2018 6

Question 6.
Fill in the series as per hint given:
a. Equity Shares Owned Capital
b. Debentures?
Plus One Business Studies Previous Year Question Papers and Answers 2018 7

Question 7.
Which among the following is against bush ness ethics?
a. Using fair weights and measures
b. Fair treatment to workers
c. Earning reasonable profits
d. Charging unfair price
Plus One Business Studies Previous Year Question Papers and Answers 2018 1

Question 8.
Find the odd one from the following:
a. Supermarkets
b. Multiple shops
c. Market traders
d. Mail order houses
Plus One Business Studies Previous Year Question Papers and Answers 2018 9

Question 9.
Which cine of the following is NOT an export document?
a. Letter of credit
b. Bill of Lading
c. Bill of entry
d. Certificate of origin
Plus One Business Studies Previous Year Question Papers and Answers 2018 10

Answer any five from question numbers 10 to 15. Each carries two scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 11

Question 10.
Write any two social responsibilities of business towards consumers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 12

Question 11.
Suggest any two payment mechanisms used in e-Business.
Plus One Business Studies Previous Year Question Papers and Answers 2018 13

Question 12.
‘A public sector undertaking formed by passing an Act in the Parliament’. Identify it. Give an example.
Plus One Business Studies Previous Year Question Papers and Answers 2018 14

Question 13.
Write any two merits of retained earnings as a source of finance.
Plus One Business Studies Previous Year Question Papers and Answers 2018 15

Question 14.
Differentiate the terms Licensing and Franchising in connection with the international business.
Plus One Business Studies Previous Year Question Papers and Answers 2018 16

Question 15.
List any two services rendered by retailers to consumers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 17

Answer any six from question numbers 16 to 22. Each carries three scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 18

Question 16.
Write any three differences between profession and Employment.
Plus One Business Studies Previous Year Question Papers and Answers 2018 19

Question 17.
There are persons who assemble resources and undertake the necessary steps to form a company. Name such persons, Explain their legal position in the company.
Plus One Business Studies Previous Year Question Papers and Answers 2018 20
Plus One Business Studies Previous Year Question Papers and Answers 2018 21

Question 18.
Write any three differences between departmental undertakings and statutory corporations.
Plus One Business Studies Previous Year Question Papers and Answers 2018 22

Question 19.
List out any three features of cottage industries.
Plus One Business Studies Previous Year Question Papers and Answers 2018 23

Question 20.
A large retailing unit, selling a wide variety of consumer goods on low price and with a self-service concept. Identify it and mention any two advantages.
Plus One Business Studies Previous Year Question Papers and Answers 2018 24

Question 21.
From the items given in brackets, choose the suitable mode of entry into international business for the following cases. (Joint venture, Contract manufacturing, Licensing)
a. Agreement with a manufacturer of a foreign country to get the products produced.
b. A contractual arrangement to access the patent or technology of a firm for producing goods in the foreign country.
c. Establishing a firm jointly with a foreign partner.
Plus One Business Studies Previous Year Question Papers and Answers 2018 25

Question 22.
Briefly explain the objectives of the International Monetary Fund.
Plus One Business Studies Previous Year Question Papers and Answers 2018 26

Answer the following question which carries four scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 27

Question 23.
Match the following,
Plus One Business Studies Previous Year Question Papers and Answers 2018 28
Plus One Business Studies Previous Year Question Papers and Answers 2018 29

Answer any two from question numbers 24 to 26. Each carries four scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 2

Question 24.
A Business Organization joins hands with the other one for mutual benefits.
a. Name the type of a business referred here.
b. Describe any three benefits of it.
Plus One Business Studies Previous Year Question Papers and Answers 2018 31

Question 25.
Distinguish between goods and services.
Plus One Business Studies Previous Year Question Papers and Answers 2018 32

Question 26.
Mithra opines that e-Business and e-Commerce are the same. Do you agree with her? Justify your answer.
Plus One Business Studies Previous Year Question Papers and Answers 2018 33

Answer any three from question numbers 27 to 30. Each carries five scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 3

Question 27.
Explain briefly the multiple objectives of a business.
Plus One Business Studies Previous Year Question Papers and Answers 2018 35

Question 28.
Write notes on different kinds of social responsibilities of a business.
Plus One Business Studies Previous Year Question Papers and Answers 2018 36

Question 29.
What is meant by Memorandum of Association? Explain any four clauses.
Plus One Business Studies Previous Year Question Papers and Answers 2018 37

Question 30.
Describe the services rendered by wholesalers to the manufacturers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 38

Answer any two from question numbers 31 to 33. Each carries eight scores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 39

Question 31.
Mr. Mohammed. and Mr. Sajan entered into an agreement to start a business to share profits. Identify the form of business they decided to start. Explain its four merits and three limitations.
Plus One Business Studies Previous Year Question Papers and Answers 2018 40
Plus One Business Studies Previous Year Question Papers and Answers 2018 41

Question 32.
Explain the major functions of Commercial Banks In India.
Plus One Business Studies Previous Year Question Papers and Answers 2018 42 Plus One Business Studies Previous Year Question Papers and Answers 2018 43

Question 33.
Explain the various external sources of finance available for Joint Stock Companies in our country.
Plus One Business Studies Previous Year Question Papers and Answers 2018 44

Answers

Answer 1.
b. Industry and Commerce

Answer 2.
c. Membership by birth

Answer 3.
b. Communication service

Answer 4.
a.SIDBI

Answer 5.
a. Prospectus

Answer 6.
Creditorship capital

Answer 7.
d.Charging unfair price

Answer 8.
Market traders

Answer 9.
a or c

Answer 10.

  • Supply of the right quantity of goods.
  • Supply of the right quantity of goods
  • Supply of goods at reasonable pa rice.
  • Free from adulteration, poor quality, misleading advt etc.

Answer 11.
Payment mechanism
Plus One Business Studies Previous Year Question Papers and Answers 2018 45
Payment can be done in any of the following methods:
Plus One Business Studies Previous Year Question Papers and Answers 2018 46

a. Cash on Delivery (CoD)
Plus One Business Studies Previous Year Question Papers and Answers 2018 47Plus One Business Studies Previous Year Question Papers and Answers 2018 48
Here the payment is made at the time of physical delivery of goods.
Plus One Business Studies Previous Year Question Papers and Answers 2018 49

b. Cheque: Here cheque is received and upon realization, the delivery goods are. made
Plus One Business Studies Previous Year Question Papers and Answers 2018 50

c. Net-banking transfer
Plus One Business Studies Previous Year Question Papers and Answers 2018 51
Modern banking system provides the facility of electronic transfer of funds over the net to the customers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 52

d. Creditor Debit card
Plus One Business Studies Previous Year Question Papers and Answers 2018 53Plus One Business Studies Previous Year Question Papers and Answers 2018 54
They are popularly known as plastic money. Credit cards are issued by the bank, that allows the holder to make purchase on credit. The amount due from the cardholder to the online seller is assumed by the card issuing bank, who transfers the amount which is involved in the transaction.

The debit card also facilitate the process of payment as one can make a purchase through it to the extent of the amount lying in the persons own savings account.
Plus One Business Studies Previous Year Question Papers and Answers 2018 56

e. Digital cash
Plus One Business Studies Previous Year Question Papers and Answers 2018 57
This is a type of electronic currency that exists only in cyberspace. It has physical features but has the capability of using it as real currency in an electronic format.
Plus One Business Studies Previous Year Question Papers and Answers 2018 58

Answer 12.
Statutory corporations.
e. g., LIC, RBI, SBI etc.

Answer 13.
Retained earnings (plowing back of profit)
Plus One Business Studies Previous Year Question Papers and Answers 2018 59
A portion of net earnings which are not distributed to shareholders but are retained in the business for use in the future, known as retained earnings.
Plus One Business Studies Previous Year Question Papers and Answers 2018 60

Merits
Plus One Business Studies Previous Year Question Papers and Answers 2018 61

  • It is a permanent source of funds available to an organization.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 62
  • No cost in the form of interest, dividend.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 63
  • A greater degree of operational freedom and flexibility.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 64
  • It may lead to an increase in the market price of the equity shares of a company
    Plus One Business Studies Previous Year Question Papers and Answers 2018 65

Answer 14.
Licensing and franchising
Plus One Business Studies Previous Year Question Papers and Answers 2018 66
Permitting a person/ firm in a foreign country to produce and sell goods under your trademarks, patents or copyrights for a fee is another way of operating an international business. Franchising is somewhat similar to licensing with the difference that it is connected with the provision of services.
Plus One Business Studies Previous Year Question Papers and Answers 2018 67

Answer 15.
a. Retailers maintain regular availability of various products produced by different manufacturers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 68
b. Retailers provide new products information to customers by arranging an effective display of products and through personal selling.
Plus One Business Studies Previous Year Question Papers and Answers 2018 69

Answer 16.

Profession Employment
Membership of a professional body and certificate of practice Appointment letter and service agree­ment
Rendering of per­sonalised, expert services Performing work as per service cont­ract or rules of ser­vice
Expertise and tra­ining in a specific field is a must Qualification and training as prescri­bed by the employer

Answer 17.
Licensing and franchising
Plus One Business Studies Previous Year Question Papers and Answers 2018 70
Permitting a person/ firm in a foreign country to produce and sell goods under your trademarks, patents or copyrights for a fee is another way of operating an international business. Franchising is somewhat similar to licensing with the difference that it is connected with the provision of services.
Plus One Business Studies Previous Year Question Papers and Answers 2018 71

Answer 18.
Departmental undertaking

  1. The funding of these enterprises come directly from the Government Treasury and are an annual appropriation from the budget of the Government. The revenue earned by these is also paid into the treasury.
  2. They are subject to accounting and audit controls applicable to other Government activities.
  3. The employees of the enterprise are Government servants and their recruitment and conditions of service are the same as that of other employees directly under the Government. They are headed by Indian Administrative Service (IAS) officers and civil servants who are transferable from one ministry to another.

Statutory corporation

  1. Statutory corporations are set up under an Act of Parliament and are governed by the provisions of the Act. The Act defines the objects, powers, and privileges of a statutory corporation.
  2. This type of organization is wholly owned by the state. The government has the! ultimate financial responsibility and has the power to appropriate its profits. At the same time, the state also has to bear the losses, if any.
  3. A statutory corporation is a body

Answer 19.

  • These are organized by individuals, with private resources
    Plus One Business Studies Previous Year Question Papers and Answers 2018 72
  • Normally use family labor and locally available talent: the equipment used is simple
    Plus One Business Studies Previous Year Question Papers and Answers 2018 73
  • Capital investment is small
    Plus One Business Studies Previous Year Question Papers and Answers 2018 74
  • Produce simple products, normally in their own premises
    Plus One Business Studies Previous Year Question Papers and Answers 2018 75

Answer 20.
1. Supermarkets
Plus One Business Studies Previous Year Question Papers and Answers 2018 76
it is a large scale retail organization deals in different kinds of consumer goods. A unique feature of the supermarket is the absence of salesmen to serve the consumer. It is also known as self-service stores.
Plus One Business Studies Previous Year Question Papers and Answers 2018 77

Advantage
Plus One Business Studies Previous Year Question Papers and Answers 2018 78

  • They offer a wide variety of products at low cost under one roof.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 79
  • As they are located at a central location it results in a high turn over
    Plus One Business Studies Previous Year Question Papers and Answers 2018 80
  • It provides wide selection facility
    Plus One Business Studies Previous Year Question Papers and Answers 2018 81
  • No bad debts as goods are sold on a cash basis
    Plus One Business Studies Previous Year Question Papers and Answers 2018 82

Answer 21.
a. Contract manufacturing
b. Licencing
c. Joint Venture

Answer 22.
a. To promote international monetary cooperation.
b. To facilitate, expansion of balanced growth of international trade.
c. To promote exchange stability.

Answer 23.
Plus One Business Studies Previous Year Question Papers and Answers 2018 83

Answer 24.
a. Joint ventures
b. It helps to execute large projects requiring huge capital outlays and manpower.
The foreign business firms benefit from local partners knowledge of the host countries.

Answer 25.

Basis Service Goods
Nature An activity or process A physical object
Type Heterogeneous Homogenous.
Intangibility Intangible Tangible
Inventory Can not be kept in stock Can be kept in stock
Involvement Participation of customers at the time of service delivery Involvement at the time of deliv­ery not possible
Inconsistency Different customers having different demands Different customers getting standardized demands fulfilled.
Inseparability Simultaneous production and consumption. Separation of production and consumption

Answer 26.
I do not agree with her.
e-business may be defined as the conduct of industry, trade, and commerce using computer networks.
Plus One Business Studies Previous Year Question Papers and Answers 2018 84
e-business is a broader term and e-commerce is a part of e-business, e-business includes all the electronically conducted business functions such as production, accounting, personnel etc.e-commerce is the buying and selling of goods and services over the internet.
Plus One Business Studies Previous Year Question Papers and Answers 2018 85
Plus One Business Studies Previous Year Question Papers and Answers 2018 86

Answer 27.
1. Market standing
Plus One Business Studies Previous Year Question Papers and Answers 2018 87
It refers to the position of an enterprise in relation to its competitors.
Plus One Business Studies Previous Year Question Papers and Answers 2018 88

2. Innovation
Plus One Business Studies Previous Year Question Papers and Answers 2018 89
It is the introduction of new ideas or methods in the way something is done or made. It accelerates the growth of an enterprise.
Plus One Business Studies Previous Year Question Papers and Answers 2018 90

3. Productivity
Productivity is ascertained by comparing the value of output with the value of the input. It is used as a measure of efficiency
Plus One Business Studies Previous Year Question Papers and Answers 2018 91

4. Physical and financial resources:
Plus One Business Studies Previous Year Question Papers and Answers 2018 92
The business must aim at maximum utilization of available physical and financial resources.
Plus One Business Studies Previous Year Question Papers and Answers 2018 93

5. Earning profit
Earning maximum profit is the primary objective of every business. Profit is required for the survival and growth of a business.
Plus One Business Studies Previous Year Question Papers and Answers 2018 95

6. Manager performance and development
Plus One Business Studies Previous Year Question Papers and Answers 2018 96
Efficient managers are needed to conduct and coordinate business activities. Managers performance and development is also an important objective of business enterprises
Plus One Business Studies Previous Year Question Papers and Answers 2018 97

7. Workers performance and attitude
Plus One Business Studies Previous Year Question Papers and Answers 2018 98
Workers performance and attitude determine their contribution towards productivity and profitability of any enterprise. Every enterprise must aim at improving its workers performs nee.
Plus One Business Studies Previous Year Question Papers and Answers 2018 99

8. Social responsibility
Plus One Business Studies Previous Year Question Papers and Answers 2018 100
It refers to the obligation of a business firm to contribute resources to solving social problems and work in a socially desirable manner.
Plus One Business Studies Previous Year Question Papers and Answers 2018 101

Answer 28.
a. Economic Responsibility
Plus One Business Studies Previous Year Question Papers and Answers 2018 102
A business enterprise is basically an economic entity and therefore, its primary social responsibility economic produce goods and services that society wants and sell them at a profit.
Plus One Business Studies Previous Year Question Papers and Answers 2018 103
Plus One Business Studies Previous Year Question Papers and Answers 2018 104

b. Legal Responsibility
Plus One Business Studies Previous Year Question Papers and Answers 2018 105
Every business has a responsibility to operate within the laws of the land. Since these laws are meant for the good of the society wants and sell them at a profit,
Plus One Business Studies Previous Year Question Papers and Answers 2018 106

c. Ethical Responsibility
Plus One Business Studies Previous Year Question Papers and Answers 2018 107
This includes the behavior of the firm that is expected by society but not codified in law.
Plus One Business Studies Previous Year Question Papers and Answers 2018 108

d. Discretionary Responsibility
Plus One Business Studies Previous Year Question Papers and Answers 2018 109
This refers to purely voluntary obligation that an enterprise assumes for instance providing charitable contribution to educational institutions or helping the affected people during floods or earthquakes.
Plus One Business Studies Previous Year Question Papers and Answers 2018 110

Answer 29.
Memorandum of association is the charter or Magna Carta of the company. It is the fundamental document of the company. It defines the objects of the company and provides the framework beyond which the company cannot operate. Its purpose is to enable the shareholders, creditors, and others who deal with. the company to know the scope of the company’s operations. Contents of the memorandum clauses of a memorandum.
Plus One Business Studies Previous Year Question Papers and Answers 2018 111

A Name clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 112
The name clause furnishes the name of the company. The name should not be identical with, or similar to, the name of an existing company. The name should not suggest any connection with or patronage of a national hero. The name must not directly or indirectly imply any participation of the central or state government. In case of a public company, the name should end with the word ‘limited’ and in case of a private company the name should end with the word ‘private limited’.
Plus One Business Studies Previous Year Question Papers and Answers 2018 113

B. Registered office clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 114
This clause specifies the name of the state wherein which the registered of the company is proposed to be situated. Full address of the company must be filed with the registrar within 30days of incorporation of the company. It is also known as situation or domicile clause.
Plus One Business Studies Previous Year Question Papers and Answers 2018 115

C. Object Clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 116
his is the most clause of the memorandum it defines a purpose for which the company is formed. A company is not legally/7 entitled to undertake an activity, which is yond the objects stated in this clause.
Plus One Business Studies Previous Year Question Papers and Answers 2018 117

D. Liability clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 118
It states whether the liability of members is limited by shares or by guaranty.
Plus One Business Studies Previous Year Question Papers and Answers 2018 119

E. Capital clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 120
This clause specifies the maximum capital which the company will be authorized sed to raise through the issue of shares,
Plus One Business Studies Previous Year Question Papers and Answers 2018 121

F. Association Clause
Plus One Business Studies Previous Year Question Papers and Answers 2018 122
This clause state that the subscriber express of their willingness and agreement to form a company.
Plus One Business Studies Previous Year Question Papers and Answers 2018 123

Answer 30.
1. Services to manufacturers
a. Facilitate large-scale production
Plus One Business Studies Previous Year Question Papers and Answers 2018 124
Bulk orders from wholesalers enable the producers to undertake production on a large scale and take advantages of economies of scale.
Plus One Business Studies Previous Year Question Papers and Answers 2018 125

b. Bearing risk
Plus One Business Studies Previous Year Question Papers and Answers 2018 126
The wholesaler deals in goods in their own name and takes the risk of loss or damage in storage and transit.
Plus One Business Studies Previous Year Question Papers and Answers 2018 127

c. Financial assistance
Plus One Business Studies Previous Year Question Papers and Answers 2018 128
Wholesalers provide financial assistance to manufactures b means they make ready cash payment for purchases and even advance money to producers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 129

d. Expert advice
Plus One Business Studies Previous Year Question Papers and Answers 2018 130
As wholesalers are in direct contact with retailers they provide useful information regarding customer taste and preference and market condition t 0 manufacturers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 131

e. Help in marketing function:
Functions of wholesalers relieve producers from many of the marketing activities and enable them to concentrate on the production activity.
Plus One Business Studies Previous Year Question Papers and Answers 2018 132

f. Facilitate production continuity by purchasing the goods and when these are produced

g. Storage/warehousing of goods produced
Plus One Business Studies Previous Year Question Papers and Answers 2018 133

2. Services to retailers:
Plus One Business Studies Previous Year Question Papers and Answers 2018 134
a. Availability of goods:
Plus One Business Studies Previous Year Question Papers and Answers 2018 135
The wholesalers make the products’ of various manufacturers readily available to the retailers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 136

b. Marketing support:
The wholesalers perform various marketing functions and provide support to retailers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 138

c. Grant of credit
Plus One Business Studies Previous Year Question Papers and Answers 2018 139
WhoJesalers provide credit facilities to retailers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 140

d. Specialized knowledge:
Plus One Business Studies Previous Year Question Papers and Answers 2018 141
The wholesalers specialize in one line of products and know the pulse of the market. So they offer expert advice to retailers.
Plus One Business Studies Previous Year Question Papers and Answers 2018 142

e. Risk sharing
Plus One Business Studies Previous Year Question Papers and Answers 2018 143
Wholesalers sell goods to retailers in small quantities and thus retailers do not face the risk of storage, pilferage, obsolescence etc.
Plus One Business Studies Previous Year Question Papers and Answers 2018 144

Answer 31.
PARTNERSHIP
Plus One Business Studies Previous Year Question Papers and Answers 2018 145
A partnership is a relation between persons who have agreed to share the profits of the business carried on by all or any one of them acting for all.
Plus One Business Studies Previous Year Question Papers and Answers 2018 146

MERITS
Plus One Business Studies Previous Year Question Papers and Answers 2018 147

  • There is ease information as well as the closure of a business.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 148
  • Balanced decision making in partnership decision is taken by all partners.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 149
  • More funds In a partnership the capital is contributed by a number of partners.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 150
  • Sharing of risk like profit sharing losses also shared by partners.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 151
  • Secrecy Since partnership firm is not legal not required to publish its accounts and submits its reports, it can maintain the confidentiality of information relating to its operation.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 152

LIMITATION
Plus One Business Studies Previous Year Question Papers and Answers 2018 153

  • Unlimited liability
    Plus One Business Studies Previous Year Question Papers and Answers 2018 154
    The partners of a firm have unlimited liability the partners are jointly and individually liable for payment of debts.
  • Limited resources
    Plus One Business Studies Previous Year Question Papers and Answers 2018 155
    As there is a restriction on a number of members, capital contributed by them also limited.
  • Possibility of conflicts
    Plus One Business Studies Previous Year Question Papers and Answers 2018 156
    A difference in opinion on some issues may lead to disputes between partners
  • Lack of continuity
    Plus One Business Studies Previous Year Question Papers and Answers 2018 157
    The retirement death insolvency or insanity of any partner can bring an end to the business.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 158
  • Lack of public confidence
    Partnership firm is legally not required to publish its accounts and submits its reports, it results in a lack of public confidence in partnership.
    Plus One Business Studies Previous Year Question Papers and Answers 2018 159

Answer 32.
Functions of commercial banks
Plus One Business Studies Previous Year Question Papers and Answers 2018 160
1. Acceptance of deposits
Plus One Business Studies Previous Year Question Papers and Answers 2018 161
The commercial bank accepts deposits from the people. The different types of deposits area current account, savings account and fixed deposits.
Plus One Business Studies Previous Year Question Papers and Answers 2018 162

2. Lending pf funds
Plus One Business Studies Previous Year Question Papers and Answers 2018 163
ruemo Second major activity of commercial banks is to provide loans and advances out of the money received through deposits. These advances can be made in the form of overdrafts, cash credits, discounting trade bill etc.
Plus One Business Studies Previous Year Question Papers and Answers 2018 164

3. Cheque facility
Plus One Business Studies Previous Year Question Papers and Answers 2018 165
It is the very important service which is provided the customers by this one can any time collect theircheques and drawn on other banks. There are two type of cheques mainly a. bearer cheque and b. crossed cheque
Plus One Business Studies Previous Year Question Papers and Answers 2018 166
Plus One Business Studies Previous Year Question Papers and Answers 2018 167

4. Remittance of funds
Plus One Business Studies Previous Year Question Papers and Answers 2018 168
Another function of commercial bankis pro-viding the facility of fund transfer from one place to another, on account of the interconnectivity of branches.
Plus One Business Studies Previous Year Question Papers and Answers 2018 169

5. Allied services
Plus One Business Studies Previous Year Question Papers and Answers 2018 170
Besides these, a bank also provides allied services such as bill payments, locker facility, underwriting services, buying and selling of shares and debentures on instruction etc.
Plus One Business Studies Previous Year Question Papers and Answers 2018 171

Answer 33.
1. Retained earnings (ploughing back of profit)
Plus One Business Studies Previous Year Question Papers and Answers 2018 172
A portion of net earnings which are not distributed to shareholders but are retained in the business for use in the future, known as retained earnings.
Plus One Business Studies Previous Year Question Papers and Answers 2018 173

2. Trade credit
Plus One Business Studies Previous Year Question Papers and Answers 2018 174
Trade credit is the credit extended by one trader to another for the purchase of goods and services. It is a short term source of finance.
Plus One Business Studies Previous Year Question Papers and Answers 2018 175

3. Factoring
Plus One Business Studies Previous Year Question Papers and Answers 2018 176
It is the method of converting book debts into cash. It is the practice of raising funds by selling firms accounts receivables to another agency called factor. Factor charges fees for the services rendered.
Plus One Business Studies Previous Year Question Papers and Answers 2018 178

4. Lease financing
Plus One Business Studies Previous Year Question Papers and Answers 2018 179
A lease is a contractual agreement whe-reby the owner of the asset (lessor grants the right to use the asset to a third party (lessee), in other words, it is ‘ rending of an asset for some specified period. The lessee has to pay a specified amount called lease rent to the lesser for the use of the asset,
Plus One Business Studies Previous Year Question Papers and Answers 2018 180

5. Public deposit
Plus One Business Studies Previous Year Question Papers and Answers 2018 181
The deposit data raised by the organization directly from the public are known public deposit rates of interest offered on public deposits are usually higher than those allowed by a commercial bank.
Plus One Business Studies Previous Year Question Papers and Answers 2018 182

6. Commercial paper
Plus One Business Studies Previous Year Question Papers and Answers 2018 183
It fs an unsecured promissory note issued by a firm to raise funds for a short period, ! varying from 90 days to 364 days rate of interest on a loan is fixed.
Plus One Business Studies Previous Year Question Papers and Answers 2018 184

7. Issue of shares
Plus One Business Studies Previous Year Question Papers and Answers 2018 185
The capital of a company is divided in to small units called shares. The capital obtained by issue of shares is known as share capital. The one who hold shares is called shareholder.
Plus One Business Studies Previous Year Question Papers and Answers 2018 186

A. Equity shares
do not enjoy preferential right in the matter of the claim of dividend or repayment of capital. They do not get a fixed dividend. They have the right to vote.
Plus One Business Studies Previous Year Question Papers and Answers 2018 188

B. Preference shares
Plus One Business Studies Previous Year Question Papers and Answers 2018 189
Capital raised by the issue of preferenceshares is called preference share capital. The preference shareholders enjoy a preferential right over equity shareholders in two ways:

  • Right to get a fixed rate of dividend,
  • right to claim repayment of capital in the event of winding up of the company.

Plus One Business Studies Previous Year Question Papers and Answers 2018 190

8. Debentures
Plus One Business Studies Previous Year Question Papers and Answers 2018 191
Debenture is an instrument issued by com’ pany raising long term debt capital, under its seal to acknowledge its debt. Debenture holders are creditors of the company . It bears a fixed rate of interest.

9. Commercial Banks
Plus One Business Studies Previous Year Question Papers and Answers 2018 193
Commercial banks provide loans and advances in the form of cash credit , over a draft, term loan, discounting of bill and letter of credit etc.
Plus One Business Studies Previous Year Question Papers and Answers 2018 194

10. Financial Institutions
Plus One Business Studies Previous Year Question Papers and Answers 2018 195
These are the institutions established by state and central government with the core objective of financing projects to bring rapid industrialization on a long term basis. It is also known as lending institution or development bank.
Plus One Business Studies Previous Year Question Papers and Answers 2018 196

11. International financing
Plus One Business Studies Previous Year Question Papers and Answers 2018 197
A. Commercial banks
Plus One Business Studies Previous Year Question Papers and Answers 2018 198
Commercial banks all over the world extend foreign currency loans for business purposes.
Plus One Business Studies Previous Year Question Papers and Answers 2018 199

B. International agencies and development banks
Plus One Business Studies Previous Year Question Papers and Answers 2018 200
A number of international agencies and development banks are provide long and medium-term loans and grants to promote the development of economically backward areas in the world.
Plus One Business Studies Previous Year Question Papers and Answers 2018 201

C. International capital markets
Plus One Business Studies Previous Year Question Papers and Answers 2018 202
1. Global Depository Receipts (GDR’s)
Plus One Business Studies Previous Year Question Papers and Answers 2018 203
It is a negotiable instrument issued abroad by an Indian company to raise funds in foreign currency and it is traded on a foreign stock exchange. The local currency shares : of a company delivered to depositary bank thereafter depository bank issue depository receipts against these shares. Such deposi-tory receipts denominated in US dollars are known as GDRs. The holder of GDR can at any time convert it into a number of shares it represents. They are entitled to the dividend but do not carry any voting rights
Plus One Business Studies Previous Year Question Papers and Answers 2018 204

2. American Depository Receipts (ADR’s)
Plus One Business Studies Previous Year Question Papers and Answers 2018 205
The depository receipts issued by a company in the USA are known as ADRs. It can be issued only to American citizens and can be listed and traded on a stock exchange in the USA.
Plus One Business Studies Previous Year Question Papers and Answers 2018 206

3. Foreign currency convertible bonds (FCCB’s)
Plus One Business Studies Previous Year Question Papers and Answers 2018 207
They are equity linked debt securities that are to be converted into equity or depository receipts after a specified period. The FCCB’s are issued in a foreign currency and carry a fixed interest rate. These are listed and traded in the foreign stock exchange and similar to the convertible debenture issued in India.
Plus One Business Studies Previous Year Question Papers and Answers 2018 208

Plus One Business Studies Previous Year Question Papers and Answers

Plus One Accountancy Model Question Paper 4

Kerala Plus One Accountancy Model Question Paper 4

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer all questions from question numbers 1 to 9. Each carry one score.
Plus One Accountancy Model Question Papers Paper 2

Question 1.
When the drawee of the bill of exchange makes the payment before the maturity date of the bill is called
a. dishonour of the bill
b. discounting of bill
c. retiring of bill
d. renewal of bill
Plus One Accountancy Model Question Papers Paper 4

Question 2.
Fill in the blank with suitable data type on the basis of the hint given:
a. Name: Text
b. Birthdate:
Plus One Accountancy Model Question Papers Paper 4.1

Question 3.
Classify the following input devices and out­put devices
Plus One Accountancy Model Question Papers Paper 4.2
a. Optical pen
b. VDU (visual Display unit)
c. Printer
d. Smart card reader

Question 4.
Which one of the following principles of ac­counting helps to equate the assets of a firm with its liabilities?
Plus One Accountancy Model Question Papers Paper 4.3
a. Full disclosure principle
b. Duality principle
c. Matching principle
d. Cost principle

Question 5.
Tally is a……………..
a. Utility software
b. Application software
c. Operating system
d. Connecting software

Question 6.
When the debit of income and expenditure is more than its credit, it leaves a ………….
Plus One Accountancy Model Question Papers Paper 4.3
a. profit
b. surplus
c. deficit
d. loss

Question 7.
A bank reconciliation statement is prepared with the balance of……….
Plus One Accountancy Model Question Papers Paper 4.5
a. Passbook
b. Cashbook
c. Both pass book and cash book
d. None of these

Question 8.
The single entry system is also known as
Plus One Accountancy Model Question Papers Paper 4.10
a. Imprest system
b. Merchantite system
c. Incomplete system
d. Cash system

Question 9.
Which of the following is INCORRECT?
a. Assets = Liabilities + Capital
b. Liabilities=Assets – Capital
c. Capital = Assets – Liabilities
d. Liabilities = Assets + capital
Plus One Accountancy Model Question Papers Paper 4.7

Answer any five from question numbers 10 to 15. Each carries two scores.
Plus One Accountancy Model Question Papers Paper 2.10
Question 10.
Journal and ledger are two important books maintained in accounting.
a. State any two differences between these books.
b. Purchase office furniture for Rs. 500 by cheque. The account to be debited is
Plus One Accountancy Model Question Papers Paper 4.11

Question 11.
Mention two capabilities of a computer over human beings.
Plus One Accountancy Model Question Papers Paper 4.12

Question 12.
From the following information, ascertain the amount of debtors to be posted in the asset side of the Balance sheet.
Plus One Accountancy Model Question Papers Paper 4.13

Adjustments:
a. Provide 5% for further bad debts.
b. Create a provision for doubtful debts@ 10% on debtors.
c. Provision for discount on debtors is
to be created @ 10%.

Question 13.
In how many ways are assets classified? Mention these ways.
Plus One Accountancy Model Question Papers Paper 4.14

Question 14.
From the following transactions, identify the type of error.
a. Wages paid for making additions to machinery Rs 100 was debited to wages A/c.
b. Sales account was given an excess credit by Rs 1600 and at the same time, rent account was totaled shortly by Rs 1600.
c. A credit purchase of Rs 10000 from Manju Agencies was not recorded at all.
d. A credit sale of Rs 5000 was entered in the sales book as Rs 50000.
Plus One Accountancy Model Question Papers Paper 4.15

Question 15.
Rajanesh is a manager with great expertise in management and leading his firm very well. But his expertise does not find a place in the accounting records of the firm.
a. Is it genuine according to the rules of accounting?
b. State your answer with the reason.
Plus One Accountancy Model Question Papers Paper 4.16

Answer any three from question numbers 16 to 19 Each carries three scores.
Plus One Accountancy Model Question Papers Paper 4.17

Question 16.
Bank reconciliation statement is prepared to reconcile the cash book and pass book bal­ances on a certain date.
a. This statement is prepared by…
b. Write any one cause for the difference in pass book and cash book
c. Cash book of Tinu shows a bank bal­ances of Rs. 15,000. On comparing the cash book the following discrep­ancies were found.

  1. Cheque issued to Deepa but not presented for payments of Rs. 1,000
  2. Bank interest credited by the bank Rs.400
  3. Divya, a customer directly deposi­ted Rs.4000 to firm’s bank account
  4. Bank Charges Rs.100 not entered in the cash book.
    Prepare a bank reconciliation statement.

Plus One Accountancy Model Question Papers Paper 4.18
Plus One Accountancy Model Question Papers Paper 4.19

Question 17.
Ascertain the profit from the following:
Capital on 1st January 2014   र 16000
Capital as on 31st December 2014  र 17900
Drawings made during the year  र 4800
Capital introduced on 1st July 2014 र 2000

Question 18.
Rectify the following transactions of Baby stores during the year 2012-13.

  1. Salary paid Rs 900 was recorded as Rs 90 only.
  2. Furniture purchased on credit for Rs 20000 was recorded through cash book by mistake.
  3. Wages worth Rs 40000 paid for con­struction of a car porch were debited to Wages A/c
  4. Purchase book was cast short by Rs 900.

Question 19.
A firm decided to make provision for doubtful debts @ 10% on debtors for the year 2012-13. Name the relevant accounting principle applied here and explain.
Plus One Accountancy Model Question Papers Paper 4.20

Answer any two from question numbers 20 to 22. Each carries four scores.
Plus One Accountancy Model Question Papers Paper 4.21

Question 20.
Star Ltd. purchased machinery for Rs 290000 and spent Rs 10000 on its installation on 1st April 2008. After using it for 3 years, it was sold for Rs 2,00,000 on March 31st, 2011. Depreciation is to be provided at 10% on the fixed installment method.
a. Pass journal entry for recording the purchase of machinery.
b. Find the amount of profit/loss on sale of machinery assuming that the acco­unting year closes on 31st March every year.
Plus One Accountancy Model Question Papers Paper 4.22

Question 21.
Krishna intends to create a table in Ms- Access. Suggest suitable data types for the following fields.
Plus One Accountancy Model Question Papers Paper 4.23

Question 22.
From the following particulars, prepare the bank reconciliation statement of Asha & Co. as on
31-03-2012.
a. Credit balance as per pass book is  Rs. 10,000
b. Bank collected a cheque of Rs. 500 on behalf of Asha & Co. but wrongly credited it to Asha’s account.
c. Bank recorded a cash book deposi­ted of Rs. 1589 &Rs. 1598.
d. Withdrawal column of the passbook under cost by Rs. 100
e. The credit balance of Rs. 1500 as on the passbook was recorded in the debit balance.
f. The payment of a cheque of Rs. 350 was recorded twice in the passbook.
g. The passbook showed a credit bala­nce for a cheque of Rs.1000 deposi­ted by Asha & Co.
Plus One Accountancy Model Question Papers Paper 4.24

Answer question numbers 23 and 24. Each car­ries five scores.
Plus One Accountancy Model Question Papers Paper 4.25
Question 23.
“Writing equation forms the basis of the accounting process”. Prove that the accounting equation is satisfied in all of the following transactions.
a. Suresh commenced business with cash RS 40000
b. Purchased goods on credit Rs 6500
c. Paid rent Rs 500
d. Sold goods costing Rs 6500 on credit for Rs 8000
Plus One Accountancy Model Question Papers Paper 4.26

Question 24.
Prepare a double column cash book from the following transactions for the month of January 2018.
Plus One Accountancy Model Question Papers Paper 4.27
Plus One Accountancy Model Question Papers Paper 4.28

Question 25.
Kiran a sole trader does not keep full records of books of accounts. However, the following information is available. You are required to calculate credit sales and credit purchases by preparing Total Debtors Account and Total Creditors Account. Also, show the Bills receivables A/c and Bills payable A/c.
Plus One Accountancy Model Question Papers Paper 4.29
Plus One Accountancy Model Question Papers Paper 4.30
Plus One Accountancy Model Question Papers Paper 4.31

Question 26.
Mr. Thomas keeps his books under the single entry system. On 1 st April 2013, his records indicated the following assets and liabilities,
Plus One Accountancy Model Question Papers Paper 4.32
Plus One Accountancy Model Question Papers Paper 4.33
During the year, he introduced Rs 15000 as further capital and withdrew Rs 400 every month. Calculate the profit or loss made by him during the year by using the statement of affairs method.

Question 27.
Mr. John, who does not follow the double-entry system gives you the following details for the period ended 31/12/2012.
Plus One Accountancy Model Question Papers Paper 4.34
Plus One Accountancy Model Question Papers Paper 4.35
loss account and the Balance Sheet as on 31/12/2012.
Plus One Accountancy Model Question Papers Paper 4.36

Answer

Answer 1.
c. retiring of bill

Answer 2.
Date / Time / Text

Answer 3.
Input devices – (a) & (d)
Output devices – (b) & (c)

Answer 4.
Duality principle

Answer 5.
Application software

Answer 6.
profit

Answer 7.
Both pass book and cash book

Answer 8.
Incomplete system

Answer 9.
Liabilities=Assets + capital

Answer 10.
(a)

Journal Ledger

(1) Journal is the book of first entry

(2) Transactions are recorded in chronological order

(3) The source document is the basis for writing journal

(4) The transaction is the basis of classification of data within the journal

(5) The process of recording transactions in the journal is called journalising

(1) Ledger is the book of second entry

(2) Transactions are recorded in an analytical manner

(3) Entries recorded in the journal is the basis for writing ledger A/c

(4) The account is the basis of classification of data within the ledger

(5)  The process of recording entries in the ledger is called ‘Posting’

b. Furniture A\C.

Answer 11.
1. Speed: A computer is able to process data at.a very high speed than that of a human being
2. Accuracy: It refers to the degree of exactness with which comp­utation are made and operations are performed.

Answer 12.
Plus One Accountancy Model Question Papers Paper 4.37

Answer 13.
Plus One Accountancy Model Question Papers Paper 4.53

Answer 14.
(a) Error of principle
(b) Error of compensating
(c) Error of omission
(d) Errors of commission
(e) Errors of omission

Answer 15.
(a) Yes.
(b) According to this concept, transactio­ns involving money or money’s worth will be recorded in the books of acco­unts. The transactions or events which cannot be expressed in monetary terms.

Answer 16.
(a) Customer/ Businessman/Account holder etc
(b) Cheque issued by the bank but not yet presented for payment.
(c) Bank Reconciliation Statement
Plus One Accountancy Model Question Papers Paper 4.38

Answer 17.
Plus One Accountancy Model Question Papers Paper 4.39

Answer 18.
Plus One Accountancy Model Question Papers Paper 4.40

Answer 19.
Principle of conservatism
According to this principle, all possible losses are to be provided for but incomes can be recognised only when there is a certainty.

Answer 20.
a. Machinery A/c Dr 300000
Cash/ Bank 300000
b. Ascertainment of Profit or Loss on Sale of Machinery
Plus One Accountancy Model Question Papers Paper 4.41
Answer 21.
a. No/Text
b. Text
c. Text
d. Text
e. No
f. Date/Time

Answer 22.
Plus One Accountancy Model Question Papers Paper 4.42

Answer 23.
Plus One Accountancy Model Question Papers Paper 4.43

Answer 24.
Plus One Accountancy Model Question Papers Paper 4.44
Plus One Accountancy Model Question Papers Paper 4.45

Answer 25.
Plus One Accountancy Model Question Papers Paper 4.46
Plus One Accountancy Model Question Papers Paper 4.47

Answer 26.
Plus One Accountancy Model Question Papers Paper 4.48

Answer 27.
Plus One Accountancy Model Question Papers Paper 4.49
Plus One Accountancy Model Question Papers Paper 4.50
Plus One Accountancy Model Question Papers Paper 4.51
Plus One Accountancy Model Question Papers Paper 4.52

Plus One Accountancy Previous Year Question Papers and Answers

Plus One Accountancy Model Question Paper 3

Kerala Plus One Accountancy Model Question Paper 3

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer all questions from question numbers 1 to 9. Each carries one score.
Plus One Accountancy Model Question Papers Paper 3
Question 1.
The fact that a business is separated and distinguished from its owner is best exempli­fied by the concept.
a. money measurement
b. going concern
c. business entity
d. cost
Plus One Accountancy Model Question Papers Paper 3.1

Question 2.
In every organization, a large number of small payments of repetitive nature are there. To record these as a separate cash book is main­tained is called petty cash book. Name the person who prepares this book.
Plus One Accountancy Model Question Papers Paper 3.2

Question 3.
Consider the following fields of MS Access
Plus One Accountancy Model Question Papers Paper 3.3
Voucher
Voucher
No Voucher Name
Here, ‘voucher’ stands for_____
Plus One Accountancy Model Question Papers Paper 3.4

Question 4.
Furniture bought on credit is the wrong re­corded in the cash book. It is an exam-pie of an error of….
a. principle
b.compensation
c. commission
d. omission
Plus One Accountancy Model Question Papers Paper 3.5

Question 5.
Name any two internal users of accounting information of your choice.

Question 6.
Income tax paid by the sole trader from the business is treated as____
a. Capital
b. Drawings
c. Expensed.
d. None of these
Plus One Accountancy Model Question Papers Paper 3.7

Question 7.
Arun sold goods on credit for Rs. 1000 to Amal. Who is the debtor in this transactions?
Plus One Accountancy Model Question Papers Paper 3.7

Question 8.
……………is used as a source document for recording purchase return.
Plus One Accountancy Model Question Papers Paper 3.8

Question 9.
Complete the series based on the hint given:
Plus One Accountancy Model Question Papers Paper 3.9
Hint: Intangible asset – goodwill

  1. Fictitious asset -________
  2. Liquid asset – __________

Answer any five from question numbers 10 to 15. Each carries two scores.

Question 10.
Prepare a cash book from the follow­ing transactions of grace enterprises for the month of December 2010.
Plus One Accountancy Model Question Papers Paper 3.10

Question 11.
Computerised accounting has some advan­tages over manual accounting. List out any four such advantages.

Date Details of transactions Amount
Dec 1 Cash in hand 15000
Cash at bank 10000
Dec 8 Purchased goods for cash 5000
Dec 15 Sold goods for cash 7000
Dec18 Cash deposited into bank 4000
Dec 20 Paid rent 500
Dec 25 Withdraw cash for personal use 250
Dec28 Purchased goods and pay
ment made by cheque
1000
Dec 29 Received commission 200

Question 11.
Computerised accounting has some advan­tages over manual accounting. List out any four such advantages.
Plus One Accountancy Model Question Papers Paper 3.11

Question 12.
Jaya Brothers is a sole trader who invested Rs 10000 on 01-01-2012 in his business and the accounting year. He also withdrew Rs 6000 for his private use. Ascertain his profit for the year.
Plus One Accountancy Model Question Papers Paper 3.12

Question 13.
Given below is an extract taken from the Trial Balance of a trader as on 31 -12-2012

Debtors Rs 9100
Bad debts Rs 1000
Provision for bad debts Rs 900

Additional information:
a. Further bad debts to be written off this year were Rs 100.
b. 10% is reserved for further bad debts
How much amount has to be debited to the Profit and Loss account?
Plus One Accountancy Model Question Papers Paper 3.13<

Question 14.
Unni purchased goods for Rs 9818 and the trader allowed a discount of Rs 18 at the time of purchase.
a. Identify the type of discount
b. Mention the other types of discounts available and differentiate them with the one stated above.
Plus One Accountancy Model Question Papers Paper 3.14
Plus One Accountancy Model Question Papers Paper 3.15

Question 15.
Consider the following information from the books of Mr. Sidique.
a. Profit for the year Rs. 60000
b. Additional capital introduced by him Rs. 50000
c. Drawings by him this year Rs.30000
d. Capital at the end of the year Rs.200000
Find the capital contributed by him at the beginning of the year.
Plus One Accountancy Model Question Papers Paper 3.16

Answer any three from question numbers 16 to 19 Each carries three scores.
Plus One Accountancy Model Question Papers Paper 3.17

Question 16.
M.S. Brothers carry on business as cloth deal­ers. From the following, write their purchase book for January 2010
Plus One Accountancy Model Question Papers Paper 3.18
Plus One Accountancy Model Question Papers Paper 3.19
3rd Jan-2010

Purchased on credit from Ambika Mills, 100 meters long cloth @ Rs 30 per meter and 50 meters shirting @ 50 per meter.

8th Jan-2010
Purchased for cash from Aravind Mills, 50 meters muslin@ Rs 40 per meter
15th Jan-2010

Purchased on credit from India Textile Mills, 120 meters suiting @ Rs 100 perimeter and 100 meters shirting @ 60 per meter.

20th Jan-2010
Purchased laser printer on credit from Bharath Company Ltd. for Rs 12000

Question 17.
0n January 31, 2013, the passbook of Miss Reshmi showed a credit balance of Rs 15000. On verifying the passbook with the cash book, the following was observed.
Plus One Accountancy Model Question Papers Paper 3.20
Plus One Accountancy Model Question Papers Paper 3.74
1. Ascertain the cash book balance as on the above date.
2. Give any two causes of differences between a cash book and a passbook other than the four stated above.
Plus One Accountancy Model Question Papers Paper 3.21

Question 18.
0n 1st July 2011, Mrs. Kavitha sold goods to Mrs. Molly for Rs 10000 and drew 2 months bill for that amount which was duly accepted. On 5th July 2011, Mrs. Kavitha discounted the same with the bank for Rs 8500. On the due date, the bill was dishonored and noting charges of 150 was paid by the bank. Show the journal entries in the books of both the parties.

Plus One Accountancy Model Question Papers Paper 3.22

Question 19.
Prasad kept his books under single entry system. His position as on 31 -12-2012 was as follows.
Plus One Accountancy Model Question Papers Paper 3.23

Plus One Accountancy Model Question Papers Paper 3.24

His capital account shows a credit balance of Rs 54000 as on 01-01-2012. He introduced
an additional capital of Rs 5000 during the financial year. He withdrew Rs 10000 for
personal purpose. Ascertain his profit for the yearended3l-12-20l2.
Plus One Accountancy Model Question Papers Paper 3.28

Answer any two from question number 20 to 22. Each carries four scores.
Plus One Accountancy Model Question Papers Paper 3.29

Question 20.
On 01 /01 /2013, A sold goods to B for Rs 2000 and on the same day, ‘A’ drew upon ‘B’ a bill of Rs 2000 for three months. On 06/01/2013, the bill has been discounted and received Rs 1800. On the due date, the bill has been dishonored.
Draw up the journal in the drawer’s book.
What would be the entry have been had the banker spent Rs 100 for noting the bill?
Plus One Accountancy Model Question Papers Paper 3.30
Plus One Accountancy Model Question Papers Paper 3.31

Question 21.
Give journal entries for the following tran­sactions.
1. Ram started a business with cash Rs. 80,000/- Building Rs. 1,50,000/­Machinery Rs. 1,20,000/- and stock of goods Rs. 50,000/-
2. He purchased goods for Rs. 70,000 of which he paid Rs. 50,000 in cash and balance on credit from Mohan
Plus One Accountancy Model Question Papers Paper 3.32

Question 22.
The following is the trial balance of Ammu Associates for the year ending 31st Dec­ember, 2014 and other information relating are given to you. Find the working result of business and also show the financial position of them for the year.
Plus One Accountancy Model Question Papers Paper 3.33
Plus One Accountancy Model Question Papers Paper 3.34

Additional information:

  • Closing stock is valued at Rs. 25000
  • Salary of an employee is not paid Rs.500
  • Further bad debt incurred Rs. 200
  • Provision for bad debt is created at 5% on debtors.

Answer question numbers 23 and 24. Each car­ries five scores.

Question 23.
Some transactions relating to business are given below:

  1. Prepare a suitable cashbook from the above.
  2. Identify a special Journal where goods withdrawn by the proprietor for perso­nal use worth Rs 200 will be recorded

Plus One Accountancy Model Question Papers Paper 3.36
Plus One Accountancy Model Question Papers Paper 3.37
Plus One Accountancy Model Question Papers Paper 3.38
Plus One Accountancy Model Question Papers Paper 3.39

Question 24.
The following balances are taken from the books of Mr. Biswas. After making the following adjustments, prepare the Trading and Profit and Loss accounts for the year ended 31 st March 2014 and a Balance Sheet as on that date.
Plus One Accountancy Model Question Papers Paper 3.40
Plus One Accountancy Model Question Papers Paper 3.41

Answer any one from question numbers 25 and 26. A question carries six scores.
Plus One Accountancy Model Question Papers Paper 3.42

Question 25.
Compute the cost of goods sold and gross profit with the help of the following information.
Plus One Accountancy Model Question Papers Paper 3.43

Question 26.
Prepare the financial statements of Rajeevan Stores for the year 2012-13 from the information given below.
Plus One Accountancy Model Question Papers Paper 3.44
Plus One Accountancy Model Question Papers Paper 3.45
Adjustments:
(a) The closing stock was valued at Rs 7000.
(b) Wages yet to be paid Rs 300.
(c) Rent includes advance payments of Rs 600 for the next year.
(d) Bad debts are written off Rs 400.
(e) Depreciate building at 10% per annum.
Plus One Accountancy Model Question Papers Paper 3.46

Answer question number 27, which carries eight scores.
Plus One Accountancy Model Question Papers Paper 3.47
Question 27.
What do you mean by accounting, branc­hes of accounting and explain the features of accounting?
Plus One Accountancy Model Question Papers Paper 3.48

Answer

 

Answer 1.
business entity

Answer 2.
Petty cashier

Answer 3.
Entity

Answer 4.
principle

Answer 5.
Managers, Employees

Answer 6.
Drawings

Answer 7.
Amal

Answer 8.
Debit Note

Answer 9.
Preliminary expenses / Profit and loss (Debit balance)

Answer 10.
Double column cash book
Plus One Accountancy Model Question Papers Paper 3.49

Answer 11.
1. Speed: A computer is able to process data at a very high speed than that of a human being.
2. Accuracy: gree of exactness with which compu­tation are made and operations are performed.
3. Diligence: Computers can work for long hours without any laxity and monotony.
4. Versatility: Computers have the ability to perform a variety of task, simple as well as complex. It can be used in any area of application – business, industry, statistical, technological etc.

Answer 12.
Statement of Profit / Loss for the year ended
Plus One Accountancy Model Question Papers Paper 3.50

Answer 13.
Plus One Accountancy Model Question Papers Paper 3.51

Answer 14.

Trade discount Cash discount
(1) It is allowed by the seller to the purchaser (1) It is allowed by the creditor to the debtor
(2) The purpose is to encourage bulk purchases (2) The purpose is to encourage prompt payment
(3) It is not shown in the books of accounts (3) It is shown in the books of accounts

Answer 15.
Plus One Accountancy Model Question Papers Paper 3.52

Answer 16.
Plus One Accountancy Model Question Papers Paper 3.53

Answer 17.
Plus One Accountancy Model Question Papers Paper 3.54
ii.
(a) Interest, dividend etc collected by the bank
(b) Direct payment by the bank on behalf of the customer.
(c) Interest credited by the bank.
(d) Dishonor of cheques/bill.

Answer 18.
In the books of Mrs. Kavitha
Plus One Accountancy Model Question Papers Paper 3.55
Plus One Accountancy Model Question Papers Paper 3.73

Answer 19.
Plus One Accountancy Model Question Papers Paper 3.56

Answer 20.
In the books of Drawer (A)
Plus One Accountancy Model Question Papers Paper 3.57
Answer 21.
Plus One Accountancy Model Question Papers Paper 3.58

Answer 22.
Plus One Accountancy Model Question Papers Paper 3.59

Answer 23.
Plus One Accountancy Model Question Papers Paper 3.60

Answer 24.
Plus One Accountancy Model Question Papers Paper 3.61

Answer 25.
Cost of goods sold = opening stock + Purchase + Direct = Expenses – closing stock
=60000 + (30000-2000) + 50000 + 10000-80000
= 60000 + 298000 + 60000 – 80000 = 338000
Gross profit = Sales (Net) – Cost of goods sold = (400000 – 3000) – 338000 = 59000
Plus One Accountancy Model Question Papers Paper 3.62

Answer 26.
Plus One Accountancy Model Question Papers Paper 3.63
Plus One Accountancy Model Question Papers Paper 3.64

Answer 27.
Meaning and Definition of Accounting According to the American Institute of Certified public Accountants [AICPA], “Accounting is an art of recording, classi­fying and summarizing in a significant manner and in terms of money, trans­actions and events which are, in part, at least, of a financial character and inter­preting the result thereof’.

Branches of Accounting
In order to satisfy the needs of the differ­ent people interested in accounting infor­mation, various branches of accounting have developed. They are:
Plus One Accountancy Model Question Papers Paper 3.65

1. Financial Accounting: It is the original form of accounting. The purpose of this form of accounting is to record transa­ctions in the books of accounts and to prepare the financial statements and interpreting the results.
Plus One Accountancy Model Question Papers Paper 3.66

2. Cost Accounting: This branch of accounting deals with the process of ascertainment of cost with the help of this system, the cost of product or services can be ascertained and controlled. It is more helpful to the management of the business.
Plus One Accountancy Model Question Papers Paper 3.67
Plus One Accountancy Model Question Papers Paper 3.68

3. Management Accounting: It is con­cerned with the use of financial and cost accounting information to managers for making business decisions.

Accounting Process/Features
Identification: It means determining and identifying events that are to be recorded in business. The business transactions and other economic events, therefore, be evaluated for deciding whether it has to record in the accounts
Plus One Accountancy Model Question Papers Paper 3.70
Measurement: It means quantification of business transactions into financial terms by using monetary units (Rupees). If an event cannot be monetarily expressed, it is not considered for recording.

Recording: Once the economic events are identified and measured, they are recorded in the books of accounts in chronological order.
Plus One Accountancy Model Question Papers Paper 3.70

Communication: The summarised accounting information has to be communicated in a proper form to the internal as well as external users.
Plus One Accountancy Model Question Papers Paper 3.71

Objectives of Accounting:
Plus One Accountancy Model Question Papers Paper 3.72

Plus One Accountancy Previous Year Question Papers and Answers

Plus One Accountancy Model Question Paper 2

Kerala Plus One Accountancy Model Question Paper 2

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer all questions from question numbers 1 to 9. Each carry one score.
Plus One Accountancy Model Question Papers Paper 2

Question 1.
Credit purchase is calculated by preparing……….
Plus One Accountancy Model Question Papers Paper 2.1
a. Total Debtors account
b. Total Creditors account
c. Bills Receivable account
d. Bills Payable account

Question 2.
Under which one of the following can the asset of ‘Debtors’ be well placed?
Plus One Accountancy Model Question Papers Paper 2.2
a. Real asset
b. Fixed asset
c. Current asset
d. Human asset.

Question 3.
The drawer of a bill of exchange is always the………
Plus One Accountancy Model Question Papers Paper 2.3
a. Debtor
b. Endorser
c. Creditor
d. Proprietor

Question 4.
Introduction of the latest technologies may be one of the causes for_________
Plus One Accountancy Model Question Papers Paper 2.4<
a. Depletion
b. Amortisation
c. Appreciation
d. Depreciation

Question 5.
What will be the effect on the trial balance if Rs 500 is received as interest and correctly entered in the cash book, but posted to the debit side of interest account?
Plus One Accountancy Model Question Papers Paper 2.5

Question 6.
A bill dated August 1, 2012, is payable two months after date. If the due date is a public holiday, what will be the date of maturity of the bill?
Plus One Accountancy Model Question Papers Paper 2.6

Question 7.
When the debit of income and expenditure is more than its credit, it leaves a………
Plus One Accountancy Model Question Papers Paper 2.7
a. profit
b. surplus
c. deficit
d. loss

Question 8.
A ____ is a person to whom business owes money.
Plus One Accountancy Model Question Papers Paper 2.8
a. Debtor
b. Creditor
c. Investor
d. Borrower

Question 9.
Furniture bought on credit is wrongly re­corded in the cash book. It is an exam-pie of an error of ………..
Plus One Accountancy Model Question Papers Paper 2.9
a. Error of principle
b. Error of compensation
c. Error of commission
d. Error of omission

Answer any five from question numbers 10 to 15. Each carries two scores.
Plus One Accountancy Model Question Papers Paper 2.10
Question 10.
The trial balance is a statement prepared to check the arithmetical accuracy of business.
a. Name any two types of errors which can­ not be disclosed through this state­ment.
b. Rectify the following errors.

  1. Office furniture purchased for Rs. 5000 was posted to purchase acco­unt.
  2. Cash sales Rs. 2000 was posted as Rs. 200.
  3. Goods withdrew by the proprietor for personal use Rs. 1000 was not recorded in the books

Plus One Accountancy Model Question Papers Paper 2.11
Plus One Accountancy Model Question Papers Paper 2.12

Question 11.
Every transaction has two aspects which will be recorded in the books of accounts.
a. Identify and explain the accounting concept referred to above, by giving suitable examples.
b. Narrate a transaction which affects only the asset side of an accounting equation
Plus One Accountancy Model Question Papers Paper 2.13

Question 12.
The following errors are noticed in the books of accounts of a trader at the time of prepara­tion of a Trial Balance.
Plus One Accountancy Model Question Papers Paper 2.14
a. Sales book was overcast by Rs 300
b. Salary paid Rs 1500 was wrongly debited to Wages account.
c. Goods sold to Kavitha worth Rs 2000 were completely omitted to be reco­rded.
d. Rent amounting to Rs 1200 was recei­ved but debited to Rent account as Rs 120.

    1. Pass the rectification entries for the above.
    2. Identifying the compensating error from the above.

Plus One Accountancy Model Question Papers Paper 2.15
Plus One Accountancy Model Question Papers Paper 2.16

Question 13.
Which assumption of accounting states that the capital supplied by the proprietor is a li­ability to the business? Describe it in one or two sentences.
Plus One Accountancy Model Question Papers Paper 2.17

Question 14.
Jaya Brothers is a sole trader who invested Rs 10000 on 01-01-2012 in his business and the same was found at Rs 18000 at the end of the accounting year. He also withdrew Rs 6000 for his private use. Ascertain his profit for the year.
Plus One Accountancy Model Question Papers Paper 2.18

Question 15.
Unni purchased goods for Rs 9818 and the trader allowed a discount of Rs 18 at the time of purchase.
a. Identify the type of discount
b. Mention the other, types of discounts available and differentiate them with the one stated above.
Plus One Accountancy Model Question Papers Paper 2.19

Answer any three from question numbers 16 to 19. Each carries three scores.
Plus One Accountancy Model Question Papers Paper 2.20

Question 16.
Kannan and Sona acquired a machine for Rs.1,80,000 on 10th Oct 2012 and spend Rs. 20000 for its installation. The firm write-off depre­ciation at the rate of 10% p.a. on original cost every year. Draw up machinery account for the first 3 years given that the books of accounts close on March 31 st every year.
Plus One Accountancy Model Question Papers Paper 2.21

Question 17.
Prepare a Bank Reconciliation Statement on behalf of Lalu shoe mart as on 31 -03-2013.

  • Balance as per cash book as on 31­03-2013 was Rs 3000.
  • A cheque worth Rs 2000 issued for rent, so far not presented to a bank
  • Interest credited to passbook was only 1200
  • Chinnu, one of our customers, cred­ited Rs 4000 to our bank directly.
  • Bank charges of Rs 200 were not cr­edited to the cash book so far.

Plus One Accountancy Model Question Papers Paper 2.23
Plus One Accountancy Model Question Papers Paper 2.24

Question 18.
Noel, the sole trader bought a building for Rs. 1,00,000 on01/01/2009.
Further, he constructed another building which was completed on 01 /01 /2010. He spent Rs 2,00,000 for this.
Depreciation was charged at the end of every year on 31st December on the diminishing balance method @10%. Draw the building account till 2012.
Plus One Accountancy Model Question Papers Paper 2.25

Question 19.
On 1st January 2012, Rajan sold goods to Suresh for Rs 25000 and drew upon him a bill of exchange for 2 months. Suresh accepted the bill and returned it to Rajan. He then endorsed the bill to Manoj, who discounted the bill with the bank on 15-01 -2012 for cash Rs 24750. The bill was dishonored on the due date. Show the journal entries in the books of Rajan and Suresh.
Plus One Accountancy Model Question Papers Paper 2.26
Plus One Accountancy Model Question Papers Paper 2.27

Answer any two from question numbers 20 to 22. Each carries four scores.
Plus One Accountancy Model Question Papers Paper 2.28
Question 20.
On 1st January 2015, Arya sold goods to await for Rs. 10000 and drew a bill of exchange for 3 months. Adwaith accepted the bill. In 7th Feb 2015 Arya discounted the bill with her bank for Rs. 9800. But on the date of maturity of the bill, Adwaith was unable to make the payment. Pass the journal entries in the books of Arya.

Plus One Accountancy Model Question Papers Paper 2.29

Question 21.
On 1st July 2012, a firm purchased a plant worth Rs 40,000. The firm writes-off depreciation @ 10% on the original cost. The accounts are closed on 31st December every year. If the plant is sold for Rs 35000 on 1st July 2013, prepare the plant account up to this date.

Plus One Accountancy Model Question Papers Paper 2.30

Question 22.
Ali purchased goods for Rs 30000 from Stephen on 1st January 2015. A bill was drawn for three months which was accepted by the drawee and returned to Stephen. On the same day, the bill was discounted with the bank @12%. Pass the entries in the
books of the drawer and drawee.
Plus One Accountancy Model Question Papers Paper 2.31
Plus One Accountancy Model Question Papers Paper 2.32

Answer question numbers 23 and 24. Each car­ries five scores.

Question 23.
Prepare a double column cash book on behalf of a cloth merchant from the information given below.
Plus One Accountancy Model Question Papers Paper 2.33
Plus One Accountancy Model Question Papers Paper 2.34

Question 24.
Noel, the sole trader bought a building for Rs. 1,00,000 on01/01/2009.
Further, he constructed another building which was completed on 01 /01 /2010. He spent Rs 2,00,000 for this.
Depreciation was charged at the end of every year on 31st December on the diminishing balance method @10%. Draw the building account till 2012.
Plus One Accountancy Model Question Papers Paper 2.35

Answer any one from question numbers 25 and 26 A question carries six scores.
Plus One Accountancy Model Question Papers Paper 2.36
Plus One Accountancy Model Question Papers Paper 2.37
Question 25.
Mention the difference between double en­try and single entry system.
Plus One Accountancy Model Question Papers Paper 2.38

Question 26.
Find the sale of Binesh from the following information provided by him for the year ending 31 st March 2013.
Plus One Accountancy Model Question Papers Paper 2.39

Answer question number 27, which carries eight scores.
Question 27.
From the following Trial balance, prep­are the Trading and Profit and Loss account for the year ended 31st Dece­mber 2012 and a Balance sheet as on that date considering the adjus­tments given.
Plus One Accountancy Model Question Papers Paper 2.40
Plus One Accountancy Model Question Papers Paper 2.41
Adjustments required:
(a) The closing stock was valued at Rs 18000.
(b) Insurance prepaid Rs 200.
(c) Salary outstanding Rs 3000.
(d) Rs 500 written off as further bad debts
(e) Provide 10% on debtors against bad and doubtful debts.
(f) Depreciate furniture @10%

Answer

Answer 1.
Total Creditors account

Answer 2.
Current asset

Answer 3.
Creditor

Answer 4.
Depreciation (Obsolescence)

Answer 5.
A liability

Answer 6.
The expense for the business

Answer 7.
Procedure

Answer 8.
Creditor

Answer 9.
Error of principle

Answer 10.
a. Errors of Principle, Compensating errors
Plus One Accountancy Model Question Papers Paper 2.42

Answer 11.
a. Duality concept/Double entry concept
According to the duality concept, every business transaction has two aspects

  • a debit aspect (giving aspect) and
  • a credit aspect (receiving aspect).

Eg: Purchased goods for cash
Debit aspect – Purchases
Credit aspect – Cash
b.

  • Purchased machinery for cash
  •  Sold furniture for cash etc.

Answer 12.
Plus One Accountancy Model Question Papers Paper 2.43
Plus One Accountancy Model Question Papers Paper 2.44

Answer 13.
A business entity or Accounting entity. According to this concept, the business unit has a separate entity apart from its owners. Thus the proprietor and his dealings with the business should be regarded as a transaction.

Answer 14.
Statement of Profit / Loss for the year ended 31-12-2012
Plus One Accountancy Model Question Papers Paper 2.45

Answer 15.

Trade discount Cash discount
1) It is allowed by the seller to the purchaser 1) It is allowed by the creditor to the debtor
2) The purpose is to encourage bulk purchases 2) The purpose is to encourage prompt payment
3) It is not shown in the books of accounts 3) It is shown in the books of accounts

Answer 16.
Plus One Accountancy Model Question Papers Paper 2.46

Answer 17.
Bank Reconciliation Statement as on 31-03-2013
Plus One Accountancy Model Question Papers Paper 2.47

 

Answer 18.
Plus One Accountancy Model Question Papers Paper 2.48

Answer 19.
Plus One Accountancy Model Question Papers Paper 2.49
Plus One Accountancy Model Question Papers Paper 2.50
Plus One Accountancy Model Question Papers Paper 2.51

Answer 20.
Plus One Accountancy Model Question Papers Paper 2.52

Answer 21.
Plus One Accountancy Model Question Papers Paper 2.53

Answer 22.
In the books of Drawer (Stephen)
Plus One Accountancy Model Question Papers Paper 2.54

Answer
23.
Plus One Accountancy Model Question Papers Paper 2.55

Answer 24.
Plus One Accountancy Model Question Papers Paper 2.56

Answer 25.
The following are the difference between the double-entry system and single entry system.

Single Entry System Double Entry System

(1) Dual aspects of transactions are not recorded.

(2) As trial balance is not prepared, arithmetical accuracy can’t be checked.

(3) Only an estimate of profit can be made.

(4) The balance sheet cannot be prepared to ascertain the financial position

(5) This system is suitable for a sole trader who has a few transactions

(1) Dual aspects of every transaction are recorded.

(2) The trial balance is prepared to check the
arithmetical accuracy.

(3) Actual net profit can be calculated

(4) The balance sheet can be prepared to ascertain the financial position

(5) This is suitable for all types of business enterprises.

Answer 26.
Plus One Accountancy Model Question Papers Paper 2.57
Answer 27.
Trading and Profit and Loss Account for the year ended 31-12-2012
Plus One Accountancy Model Question Papers Paper 2.58
Plus One Accountancy Model Question Papers Paper 2.59

Plus One Accountancy Previous Year Question Papers and Answers

Plus One Accountancy Model Question Paper 1

Kerala Plus One Accountancy Model Question Paper 1

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer all questions from question 1-5 which carries score 1 each.
Plus One Accountancy Model Question Papers Paper 1
Question 1.
Rajeev received an order for 100 Churidars of र 250 per Churidar from Krishna Textiles. But the accountant did not record the item in the books. Point out the accounting con­cept guided the accountant.
Plus One Accountancy Model Question Papers Paper 1.1

Question 2.
A loan can be treated as a short loan if the period is
a. years
b. More than two years
c. Less than one-year
d. than one year
Plus One Accountancy Model Question Papers Paper 1.2

Question 3.
Did Sam sell goods worth? 15000 on 10-03-2016 to Dinesh and drew a bill for two months. Calcu­late the maturity date if Dinesh accepted it
Plus One Accountancy Model Question Papers Paper 1.3
Plus One Accountancy Model Question Papers Paper 1.4

Question 4.
Identify the key attribute from the following:
a. Name of the student
b. Admission number
c. Class
d. Date of birth
Plus One Accountancy Model Question Papers Paper 1.5

Question 5.
SQL stands for
a. Structured Question Language
b Standard Question Language
c. Structuared Query Language
d. Standard Query Language
Plus One Accountancy Model Question Papers Paper 1.6
Question 6.
Fill in the blanks with suitable examples.
Plus One Accountancy Model Question Papers Paper 1.8

Question 7.
The following is the error committed in the book of a car Manufacturing company
Wages A/c Dr
Cash A/c
(Being wages paid for the construction of build­ing)

    1. Show the rectification error
    2. Identify the types of error involved

Plus One Accountancy Model Question Papers Paper 1.9

Question 8.
Prepare a statement showing the accounting equation on the basis of following transac­tions.
1. Nihara started a business with cash र 5,00,000
2. Purchased goods from Nirmal for र 60,000
3. Paid into Bank र 75,000
4. Sold goods to Abi costing र 80,000 for र1,00,000
Plus One Accountancy Model Question Papers Paper 1.10
Plus One Accountancy Model Question Papers Paper 1.11

Question 9.
Show the Debit or Credit of the following items.
a. Increase in the value of Fixed asset
b. Increase the amount of withdrawals from the business for private affairs
c. Decrease the value of debtors
Plus One Accountancy Model Question Papers Paper 1.13

Question 10.
An amount transferred from one account to another account is treated a contra entry. Write two more examples of contra entry.
Plus One Accountancy Model Question Papers Paper 1.13

Question 11.
Plus One Accountancy Model Question Papers Paper 1.14
Plus One Accountancy Model Question Papers Paper 1.15

Question 12.
Briefly explain the following terms:
a. Single Entry
b. Accrual System
Plus One Accountancy Model Question Papers Paper 1.16

Answer any five from question numbers 13 to 18. Each carries two scores.
Plus One Accountancy Model Question Papers Paper 1.17

Question 13.
From the following transactions of M/s Sujith and Sons for the month of April 2017. Pre­pare Purchase Day Book.
April 52017 purchased credit from M/s Rahul Mills.
100 pieces of long cloths @ र 90/piece 50 pieces of shirting @ र 150/piece.
April 8, 2017, Purchased for cash from M/s Niranjan Mills.
50 pieces of suiting @ र 180/piece.
April 152017 purchased goods on credit from Sunil Mills.
20 pieces of coatings @ र 1200/piece.
10 pieces of shirtings  150/piece.
April 20, 2017, purchased credit from Laneesh T.raders
60 typewriter र@ 500 each.
Plus One Accountancy Model Question Papers Paper 1.18
Plus One Accountancy Model Question Papers Paper 1.19

Question 14.
Identify the type of errors on the basis of the following narrations:
Plus One Accountancy Model Question Papers Paper 1.20
Plus One Accountancy Model Question Papers Paper 1.21

Question 15.
Find out the profit of the business from the given information:
Capital at the beginning of the year र 6,50,000
Capital at the end of the year  र 5,00,000
Drawings made during the year र 2,75,000
Additional Capital introduced र  50,000
Plus One Accountancy Model Question Papers Paper 1.22

Question 16.
List out the three distinct advantages of computerised accounting over manual ac­counting
Plus One Accountancy Model Question Papers Paper 1.23

Question 17.
What is a Query in computerised accounting?
Plus One Accountancy Model Question Papers Paper 1.24

Question 18.
Balance sheet differs from the statement of affairs. Write three points to support the above state­ment
Plus One Accountancy Model Question Papers Paper 1.27

Answer any three from question numbers 19 to 22. Each carries four scores.
Plus One Accountancy Model Question Papers Paper 1.26

Question 19.
Gopal cashier of star traders advanced र 2,000 as imprest amount to Ramesh on 1 -1 -2017 the petty cashier of the firm. Could you help Ramesh to record the following items?
Plus One Accountancy Model Question Papers Paper 1.28
Plus One Accountancy Model Question Papers Paper 1.29

Question 20.
Soorya Traders purchased machinery for र  1,50,000 on 1 -1 -2012. The further purchased machinery on 1-7-2013 for र 80000. Prepare Machinery Account for three years considering that the firm writes off depreciation at the rate of 10 % on original cost every year.
Plus One Accountancy Model Question Papers Paper 1.30

Question 21.
Hari in a discussion agrees that financial statements are the most reliable accounting report to exhibits the profitability of the firm. Do you agree? why?
Plus One Accountancy Model Question Papers Paper 1.54

Question 22.
Write journal entries for the following transactions:
a. Did business start with cash र 1,00,000
b. Purchased goods from Manu र 40,000
c. Purchased furniture र 1,50,000
d. Paid cash to Manu in full settlement
Plus One Accountancy Model Question Papers Paper 1.31

Answer question numbers 23 and 25. Each car­ries five scores.
Question 23.
Prepare a bank reconciliation statement.
a. Overdraft is shown as perc ash book 31-12-2017 र 20,000.
b. Bank charges debited in the passbook
c. Interest on overdraft र 760.
d. Cheque issued but not encashed र 4,300.
e. Interest on investment collected by the Bank and credited in the passbook र 120.
f. Cheque paid into Bank but not cleared before 31-12-2017? 2,200.
Plus One Accountancy Model Question Papers Paper 1.55

Question 24.
Sojan sold goods for? 50,000 to Sreejithon 1­4-2017. Sojan drew a bill of exchange upon Sreejith for the same amount for three months. Sreejith accepted the bill and resumed into Sojan. Sojan endorsed the bill to George. The bill is dishonored on the due date. Show the journal entries in the books of Sojan.
Plus One Accountancy Model Question Papers Paper 1.56

Answer any one from question numbers 25 and 26. A question carries six scores.

Question 25.
List out five situations which lead discrep­ancies in the pass book balance and cash book balance.
Plus One Accountancy Model Question Papers Paper 1.33

Answer the following questions which carry 8 scores.
Plus One Accountancy Model Question Papers Paper 1.34

Question 26.
The following balances are extracted from the Trail Balances of.KBros. Prepare Trading and Profit and Loss A/c on the year ending 31 st March 2017.
Plus One Accountancy Model Question Papers Paper 1.35
1. Closing stock र 10000
2. Provide 5% provision on doubtful debts.
3. Wages र 300 and salary र 500 are outstanding.
4. Depreciation on plant and Machinery 5%, Building 10%.
Plus One Accountancy Model Question Papers Paper 1.36

Answer

Answer 1.
Full disclosure concept.
This principle requires that all material and relevant facts concerning financial perfor­mance of an enterprise must be fully and com­pletely disclosed in the financial statement.

Answer 2.
Less than one year

Answer 3.
11-5-2016

Answer 4.
Admission number

Answer 5.
Structured Query Language

Answer 6.
Plus One Accountancy Model Question Papers Paper 1.38

Answer 7.
a. Building A/c
To Wages A/c
An error of principle when a transaction is recorded in contravention of accou­nting principles.

Answer 8.
Plus One Accountancy Model Question Papers Paper 1.39
Assets = Liability ± Capital
Asset = Cash + Debtors + Stock
= 425000+100000 + (-20000) = 505000
Assct=L+C=445000+ 60000= 505000

Answer 9.
a. Debit
b. Debit
e. Credit
d. Debit

Answer 10.
a. Cash deposited into bank
b. withdrew cash from a bank

Answer 11.
Plus One Accountancy Model Question Papers Paper 1.40

Answer 12.
single entry
Single entry accounting system is a method of book keeping relying on a one-sided accounting entry to maintain financial information.

Accrual system
Under the accrual system basis of accounting, expenses are matched with the related revenue and are reported when the expenses occur, not when

the cash is paid.
The result of accrual accounting is an income statement that better measures ta specific time period.

Answer 13.
Plus One Accountancy Model Question Papers Paper 1.41
Answer 14.
Error of principles
When a transaction is recorded in contravention of accounting prin­ciples. It is called the error of principles.
Plus One Accountancy Model Question Papers Paper 1.42

Error of commission
There are tire error which is committed due to wrong posting; of transactions, wrong totaling or wrong balancing of the accounts, the wrong casting of subsidiary books etc. These errors are clerical nature and most of the errors of commission effect in the trail balance.

Answer 15.
Plus One Accountancy Model Question Papers Paper 1.43

Answer 16.

Manual accounting Computerized Accounting
a. Human intervention is more a. Human intervention is less
b. Alteration and additions in transactions are not easy b. Alteration and additions are easy
c. It requires more time c. It requires less time
d. It requires more workers d. It requires less workers
e. Closing entries are necessary e. Closing entries are not necessary
f. It has narrow scope f. It has a wider scope

Answer 17.
A query is basic tools that access provides for retrieving information from the database. It is used to review, add, change or delete data from the database. It allows. taking information from single or multiple tables to obtain the data required. Different types of queries are Selected queries, Parameter queries, Crosstab queries, Action queries, Union query, and Pass-through query.

Answer 18.

Basis Statement of affairs Balance sheet
Reliability It is less reliable as it is prepared from an incomplete record It is more reliable as it is prepared  from double entry
Objective It is prepared to ascertain the capital on a given date It is prepared to ascertain the financial position on a given date
Omission omission of asset and liability
cannot be discovered easily
omission of asset and liabilities can be traced easily

Answer 19.
Plus One Accountancy Model Question Papers Paper 1.45

Answer 20.
Plus One Accountancy Model Question Papers Paper 1.46

Answer 21.
Yes, I agree with the statement. Financial statements are more reliable accounting rep­orts to exhibits the profitability of the firm. Trading and Profit and Loss Account, Balance sheet are the two important finan­cial statements. Trading and Profit and Loss Account also known as income statements show the financial performance of the busi­ness in the form of Profit of Losses for a particular period. The balance sheet shows the financial position of the business for a particular date.

Answer 22.
Plus One Accountancy Model Question Papers Paper 1.47
Plus One Accountancy Model Question Papers Paper 1.48

Answer 23.
Plus One Accountancy Model Question Papers Paper 1.49

Answer 24.
Plus One Accountancy Model Question Papers Paper 1.50

Answer 25.
The various situations which lead to discrepancies in pass book and cash book balances are:

  1. Cheque issued or drawn to creditors but not paid by Bank.
  2. Amount deposited directly into the Bank.
  3. Expenses paid by the Bank
  4. Bank charges
  5. Cheque deposited for collection but not yet collected and credited by the bank.
  6. Interest on deposits

Answer 26.
Plus One Accountancy Model Question Papers Paper 1.51
Plus One Accountancy Model Question Papers Paper 1.52
Plus One Accountancy Model Question Papers Paper 1.53

Plus One Accountancy Previous Year Question Papers and Answers

Plus One Accountancy Improvement Question Paper 2018

Kerala Plus One Accountancy Improvement Question Paper 2018

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer all questions from question 1 to 8. Each carry 1 score.
Plus One Accountancy Improvement Question Papers 2018
Question 1.
State the accounting concept, if a business charges depreciation underwritten down value method and it follows the same method in the subsequent years.
Plus One Accountancy Improvement Question Papers 2018 1

Question 2.
Which one of the following events is NOT a business transaction?
a. Furniture purchased for cash
b. Goods are ordered for next month
c. 10% of debtors are treated as bad.
d. Salary outstanding to the employee
Plus One Accountancy Improvement Question Papers 2018 2

Question 3.
Computer purchased from Mr.X on credit is recorded in the ……………..
a. Purchase book
b. Journal proper
c. Cash book
d. Sales book
Plus One Accountancy Improvement Question Papers 2018 3
Plus One Accountancy Improvement Question Papers 2018 4

Question 4.
As per business entity concept owner of the business is
a. supplier
b. creditor
c. debtor
d. borrower
Plus One Accountancy Improvement Question Papers 2018 41

Question 5.
Find the odd one and state the reason
a. Mouse
b. Monitor
c. Keyboard
d. Pen drive
Plus One Accountancy Improvement Question Papers 2018 42

Question 6.
Find the “entity” from the following.
a. Employee
b. Employee
c. Employee name
d. Age
Plus One Accountancy Improvement Question Papers 2018 43

Question 7.
Income receivable is………………….
a. an asset
b. a liability
c. profit
d. a loss
Plus One Accountancy Improvement Question Papers 2018 6
Question 8.
Different entities are related to simplifying the data storage is termed as………….
Plus One Accountancy Improvement Question Papers 2018 7

Answer any five from question numbers 9 to 14, Each carries two scores.
Plus One Accountancy Improvement Question Papers 2018 8

Question 9.
Classify the following items as Revenue, Ex­pense, Gain and Profit.
a. Profit on sale of investment
b. Interest received
c. Goods sold at above cost
d. Depreciation
Plus One Accountancy Improvement Question Papers 2018 9

Question 10.
Arun constructed a building for Rs.5,00,000 for his new business concept. After 2 years the market value of the building is enhanced toRs.8,00,000
a. If you are the accountant, which amount appear in the books?
b. What is the accounting principle support your recording?
Plus One Accountancy Improvement Question Papers 2018 10
Plus One Accountancy Improvement Question Papers 2018 11

Question 11.
Cash book is both a Journal and Ledger. Justify your views.
Plus One Accountancy Improvement Question Papers 2018 12

Question 12.
Write the name of the correct computer com­ponents in the given box.
Plus One Accountancy Improvement Question Papers 2018 13

Question 13.
Identify the limitations of CAS from the foll­owing
a. Disruptions
b. Scalability
c. Staff opposition
d. Legibility
Plus One Accountancy Improvement Question Papers 2018 14

Question 14.
Point out any two differences between ‘Pro­vision’ and Reserve’
Plus One Accountancy Improvement Question Papers 2018 15

Answer any 4 questions from question numbers 15 to 19. Each carries 3 scores.
Plus One Accountancy Improvement Question Papers 2018 16

Question 15.
Show the effect of following transactions on Asset, Liabilities, and Capital based on the accounting equation.

  1. Started a business with cash र15000
  2. Rent received र 5000
  3. Purchased goods on credit from Rema र2000
  4. Paid cash to household expenses र 4000
  5. Sold goods for cash (cost 10000) र13000
  6. Deposited into bank र 25000

Plus One Accountancy Improvement Question Papers 2018 17

Question 16.
Calculate gross profit from the balances taken from the books of Usha for the year ending 31st March 2017
Plus One Accountancy Improvement Question Papers 2018 18

Question 17.
From the following information, calculate the capital at the beginning.
Plus One Accountancy Improvement Question Papers 2018 19
Plus One Accountancy Improvement Question Papers 2018 20

Question 18.
Explain briefly about ‘Accounting Reports’.
Plus One Accountancy Improvement Question Papers 2018 21

Question 19.
What are the following terms stand for?
Plus One Accountancy Improvement Question Papers 2018 22

  1. GAAP
  2. IFRS
  3. ICAI

Answer any 3 questions from question numbers 20 to 23. Each carries 4 scores.
Plus One Accountancy Improvement Question Papers 2018 24

Question 20.
Give narrations for die following journal entry.
Plus One Accountancy Improvement Question Papers 2018 25

Question 21.
Record the following transactions in a double column cash book
Plus One Accountancy Improvement Question Papers 2018 26
Plus One Accountancy Improvement Question Papers 2018 27

Question 22.
Chandra Traders purchased a Motor Van on 01-01-2013 for र 6,00,000. The firm writes off depreciation at the rate of 10% p.a on written down value method. Draw up Motor Van account for the first three years
Plus One Accountancy Improvement Question Papers 2018 28

Question 23.
Identify the debit and credit aspects from the following transaction.
Plus One Accountancy Improvement Question Papers 2018 29

  • Insurance premium paid in advance
  • Discount allowed Mr. Anandu
  • Goods were taken for personal use
  • Depreciation is written off on Machinery

Answer any 2 questions from question numbers 24 to 27. Each carries 5 scores.
Plus One Accountancy Improvement Question Papers 2018 30

Question 24.
The cash book shows a debit balance of Rs. 10, 800. on comparing the cash book with passbook the following discrepancies were found. Help them to reconcile the same.
Plus One Accountancy Improvement Question Papers 2018 31

Question 25.
Help Ramu a friend of you to prepare a Trial
Balance with the following items.
Plus One Accountancy Improvement Question Papers 2018 32
Plus One Accountancy Improvement Question Papers 2018 33

Question 26.
Rectify the following errors
a. Credit sales to Mohan र 1200 was not recorded
b. Rent paid र 6000 was posted to Ramu (Laird Lord) personal account
c. Cash sales र 2000 were posted as र 200
d. Sales book overcast by र 3000
e. Purchases book under cast by र 4000
Plus One Accountancy Improvement Question Papers 2018 34
Plus One Accountancy Improvement Question Papers 2018 35

Question 27.
Aroop sold goods to Salini on January, 1st 2017 for र 40000 and drew upon her a bill of exchange for three months. Salini accepted the bill and returned to Aroop. Aroop discounted the bill by an interest of 8% p.a on 02-01-2017. On the due date, the bill was dishonored. Record the entries in the books of Aroop
Plus One Accountancy Improvement Question Papers 2018 36

Answer question number 28, which carries 8 scores.
Plus One Accountancy Improvement Question Papers 2018 37

Question 28.
From the following Trial Balance of M/s. Goutham and Son’s as on 31 st December 2016 prepare a Trading and Profit & Loss Account and Balance sheet.
Plus One Accountancy Improvement Question Papers 2018 38
Plus One Accountancy Improvement Question Papers 2018 39
Adjustment:
a. Closing Stock र 12,300
b. Outstanding wages र 200 and salary र 100
c. Accrued commission र 300
d. Create 5% provision for bad and doubtful debts.
e. Charge 10% depreciation on Machinery.
Plus One Accountancy Improvement Question Papers 2018 40

Answers

Answer 1.
Consistency

Answer 2.
Goods are ordered for next month

Answer 3.
Journal proper / Purchase book

Answer 4.
Creditor

Answer 5.
Monitor [Output component]
OR
Pen drive [Storage device ]

Answer 6.
Employee

Answer 7.
An asset

Answer 8.
Relationship/ER Model/Entity Relationship

Answer 9.
Profit on sale of investment – Gain
Interest Received – Revenue
Goods sold at above cost – Profit
Depreciation – Expense

Answer 10.
a. Rs.500000
b. Historical cost concept/Cost principle

Answer 11.
1. Cash transactions are recorded directly from source documents
2. Cash and bank balance can be determi­ned. Thus there is no need for preparing cash a/c or bank a/c.

Answer 12.
a. Input
b. output
c. Memory unit
d. Control unit

Answer 13.
a. Disruptions
b. Staff opposition
c. Provision
d. Reserve

Answer 14.

Provision Reserve
1. It is charged against profit 1. It is an appropriation of profit
2. Created to meet the specific liability  2.Made of strengthening financial po­sition
3. It reduces net profit 3. It reduces divisi­ble profit

Answer 15.
Plus One Accountancy Improvement Question Papers 2018 44

Answer 16.
Gross Profit = Net sales – Cost of goods sold
Cost of goods sold = Opening stock + Net purchases + Direct expenses – Closing stock
CGS = 100000 + 900000 + 80000-150000
=930000
GP= 150000-930000 = 570000

Answer 17.
Plus One Accountancy Improvement Question Papers 2018 45

Answer 18.
Accounting report is a collection of related information. It is a physical form of account­ing information. It helps in decision making.

Answer 19.
a. GAAP – Generally Accepted Account­ing Principles
b. IFRS – International Financial Reporting Standards
c. ICAI – Institute of Chartered Account­ing of India.

Answer 20.

  1. Goods are withdrawn for Personal use
  2. Introduced stock into the business
  3. Paid cheque to Rejitha
  4. Sales A/C closed

Answer 21.
Plus One Accountancy Improvement Question Papers 2018 46

Answer 22.
Plus One Accountancy Improvement Question Papers 2018 47

Answer 23.
Insurance paid in advance A/C – Debit
Insurance – Credit
Discount allowed A/C – Debit
Mr. Anandu A/C – Credit
Drawings A/C – Debit
Purchases A/C – Credit
Depreciation A/C – Debit
Machinery A/C – Credit

Answer 24.
Plus One Accountancy Improvement Question Papers 2018 48

Answer 25.
Plus One Accountancy Improvement Question Papers 2018 49

Answer 26.
Plus One Accountancy Improvement Question Papers 2018 50

Answer 27.
Plus One Accountancy Improvement Question Papers 2018 51

Answer 28.Plus One Accountancy Improvement Question Papers 2018 52
Plus One Accountancy Improvement Question Papers 2018 53

Plus One Accountancy Previous Year Question Papers and Answers