CBSE Class 11 Business Studies Question Paper Set L Solved

1 In whose name Government purchases the shares of a Government company? 

2 A factory owner gets his stock of goods insured, but he hides the fact that the electricity board has issued him a statutory warning letter to get his factory‟s wiring changed. Later on, the factory catches fire due to short circuit of wiring. Can he claim compensation?

3 What do you mean by non-economic activities? 

4 Name the organisation which is run, controlled and managed by a single person. 

5 List the three industries, which are reserved exclusively for Public Sector. 

6 Name the occupation in which people work for others and get remunerated in return. 

7 If you want to invest a lump sum amount for a long period of time at maximum rate of interest, which type of account will you open?

8 Name an enterprise formed by people desirous of getting housing facility at lower cost. 

9 “Company is an artificial person with separate legal entity, perpetual succession and common seal.” Comment.

10 „Profit is not an objective but a requirement of business.‟ Do you agree with this statement? Support your answer with reason.

11 If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

12 Write short notes on the following:

(i) Minimum Subscription    (ii) Preliminary Contracts     (iii) Qualification shares

13 Identify the following principles of Insurance:
(i) The insured must have a pecuniary interest in the subject matter of insurance.
(ii) According to this principle, an insurance policy is designed to provide compensation only for such losses as are caused by the perils which are stated in the policy.
(iii) This principle states that it is the duty of the insured to take reasonable steps to minimise the loss or damage to the insured property.

14 Write any three features of Joint-Hindu Family Business. 

15 Explain the term „Memorandum of Understanding‟. 

16 Discuss the merits of Government Companies. 

17 Identify the economic activities in the following case and classify them into Primary, Secondary and Tertiary Industries.

(i) Mohan, a farmer producing wheat.

(ii) Sandesh, the owner of a cotton Textile Industry.

(iii) Ramesh is working as a peon in an oil refinery.

(iv) Drishya is running her advertisement agency.

18 Explain the functions of commercial banks. 

19 Describe various types of Life Insurance Policies. 

20 “The promoters perform various functions to bring a company into existence”. Define „Promoter‟. What are the functions of a promoter?

21 What is business risk? Explain its nature? 

22 What is a „Memorandum of Association‟? Briefly explain any four of its clauses. 

23 “A public enterprise may take any particular form of organisation depending upon the nature of its operations and their relationship with the government”. State the Features of Departmental Undertakings.

24 Why does business need multiple objectives? Explain any five such objectives. 

25 Describe briefly different types of cooperative societies. 

26 Explain the various telecom services available for enhancing business. 

27 What are the benefits of entering into joint ventures?

Please click on below link to download CBSE Class 11 Business Studies Question Paper Set L Solved