Preliminary Of 1st And 2nd

“ACHIEVE SUCCESS THROUGH” OMTEX CLASSES “THE HOME OF TEXT” TIME: - 3 HOURS MARKS: - 100 Q.1 (A) Complete the sentences by choosing correct alternative given below: 5 marks 1. Micro and macro approaches are _________________________ to each other. (Competitive, complementary, substitute, rival) 2. __________is the desire backed up by ability to pay and willingness to pay for it. (Demand, Want, Commodity, Utility) 3. The income of government through all sources called ____________________ (Public debt, Public expenditure, Public revenue, public taxation) 4. Individual supply is a ___________________ economic variable. (Macro, Producer, Micro, Firm) 5. Macro Economist was well explained by economist. (Marshall, Robbins, Adam Smith, J.M. Keynes) (B) State whether the following statements are true or false. 1. Reservation price of perishable goods is generally high 2. Refrigerator in restaurant is capital goods. 3. Macro economics studies the economy in its totality. 4. Paper money economises on the use of precious metals. 5. Free entry is an essential but not a sufficient condition of perfect competition. (C) Choose the correct answer in each from the following four alternatives: 1. ‘Principles of Economics’ is the celebrated book of: Dr. Alfred Marshall J.M. Keynes Lionel Robbins Adam Smith 2.

Electricity has a composite demand: It is less expensive resources It is demanded for several uses It is available at all time It is used in combination with other resources.

3.

Monopolistic is a Price-maker and not a price taker.  Monopolist is intelligent in price-making  Demand for his commodity is very high  He is the seller in the market and has no close substitute for his product.  Three is free entry and exit of firms in the market.

4.

Labour cannot be stored: Labourer has less physical strength Labourer lacks mobility Labour is the most perishable factors of production. Labour is the most inactive factors of production

5 marks

5. Monopoly of Note-issue of the Central Bank is its: Traditional function Development Function Modern Function Secondary function

(D) Match the two columns given below: 1. 2. 3. 4. 5.

Group A Point of Satiety General Price Level Perfect Competition Variable Cash Reserve Ratio Public expenditure greater than public revenue

Q. 2 (A) Define and explain the following concept. (Attempt any 4)

5marks 1. 2. 3. 4. 5. 6.

Group B Macro Economics Quantitative Credit Control method Deficit budget Total utility is maximum Homogenous Product Qualitative credit control method

8 marks

1. 2. 3. 4. 5. 6. 7.

Define Microeconomics Explain, with example, the term Utility Define Price Elasticity of Demand Define Cash Reserve Ratio Explain the concept of Gross National Product. (GNP) Define Consumption Function State the definition of Central Bank. What do you mean by Credit Cards?

8.

(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 1. Salt has inelastic Demand. 2. Selling cost is an important component in Perfect competition. 3. Macroeconomics is based on too much assumption. 4. As the income increases, Consumption also increases 5. Functional budgeting of government is more important than balanced budgeting. 6. Labour can be stored 7. Today, barter system is in backward countries 8. Demand and Desire are one and the same. Q. 3 (A) Distinguish between (Any Four) of the following 1. Direct Demand V/S Derived Demand 2. Elastic Demand V/S Inelastic Demand 3. Land V/S Labour 4. Gross National product V/S Net National Product 5. Metallic Coins V/S Paper money 6. Fixed Deposit Account V/S Current Account 7. Micro Economics V/S Macro Economics 8. Balanced Budget V/S Functional Budget (B) Give reasons or explain the following in brief. (Any4)

8 marks

8 marks

8 marks

1. Why Monopolistic competition does have product differentiation? 2. 3. 4. 5. 6. 7. 8.

Is demand and Desire the same thing? Explain with an example. Why is competitive firm a ‘Price-taker? Give Reason why labour can not be stored/ Why has the Popularity of Macroeconomics increased? Why is income from illegal activities not included in the national product? Why the concept of balanced budget is is called as an ‘Ideal Concept’? Why does land lacks mobility?

Q. 4. (A) Answer the following questions in one or two paras (any 2)

8 marks

1. State and Explain the Law of Supply? And its exception? 2. 3.

4.

Explain with illustration, the Income method of Measuring National Income? Describe the Various Function Of Money? What are the Types of Price Elasticity of Demand? 8 marks

(B) Write Short notes on the following: 1. 2. 3. 4.

Features of Microeconomics Exception to the Law of Demand Geffen Paradox Kinds of Investment

Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 1. 2. 3.

16 marks

At the point of satiety, Total utility is at its maximum Demand Curves Sloes downwards from left to Right. AD is influenced by C+I+G+E

Q. 6 (B) Answer the following (any two) 1. Define and Explain the Function of Central Bank? 2. Explain the Different measures of measuring National Income? 3. Explain the law of demand? And it exemption? “ACHIEVE SUCCESS THROUGH” OMTEX CLASSES “THE HOME OF TEXT”

16 marks

TIME: - 3 HOURS MARKS: - 100 Q.1 (A) Complete the sentences by choosing correct alternative given below.

5marks

1. The income of government through all sources is called public _________ (money, income, debt, revenue). 2. 3. 4. 5.

The relation between the price and demand is _________ (direct, inverse, negative, indirect) Real investment implies creation of new ___________ (goods, services, assets, capital) A cheque which bears a future date is called a __________ cheque (crossed, pre-dated, post-dated, stale) Value expressed in terms of money is called ____________ (utility, credit, price, demand)

(B) State whether the following statements are true or false. 1.

2. 3. 4. 5.

5 marks

The value of mother’s service is not included in National Income. Wine is not a wealth. Supply curve is upward sloping from left to the right. Current deposits yield high interest rate. The Primary function of the money is to form the basis for credit.

(C) Choose the correct answer in each from the following four alternatives

5 marks

1.

National income refers to the value of goods and services produced in a __________ a. day b. week c. month d. year

2.

ATM facility is available for __________ a. 6 hours b. 12 hours c. 18 hours d. 24 hours

3.

During depression, the Central Bank adopts the _____________ i. near money policy ii. dear money policy iii.Cheap money policy. iv.No money policy

4.

As the stock of commodities rises, the marginal utility starts ____________ a. falling b. rising c. increasing d. shifting

5.

Which of the following is not the exception to the law of demand___________ a. Medicines b. Salt c. Prestige goods d. Normal goods

(D) Match the two columns given below: 1. 2. 3. 4. 5.

Group A Sunshine Very short period National Income Factors of production Perfect competition

Q. 2 (A) Define and explain the following concept. (Attempt any 4) a. Economic man b. Unitary elastic demand c. Stock

1. 2. 3. 4. 5. 6.

Group B Uniform price Free goods Derived demand Country’s Income Market price Normal Price

8 marks

d. e. f.

g. h.

Monopoly Gross Domestic Product Open market operation Personal Disposable Income. Inflation.

(B) Rewrite the following statements as True of False. Give Reasons. (Any 4)

8 marks

a. The demand for luxury commodities is elastic. b.

c. d. e. f. g. h.

Demand curve slopes upward form left to right. In monopoly there is price discrimination. The Seller under perfect competition is a price taker. Supply plays a dominant role in determining the market price. There is no exception to the Law of Supply. Low interest is given on fixed deposit. There is no difference between surplus and deficit budget.

Q. 3 (A) Distinguish between (Any Four) of the following a. Saving Deposit V/S Fixed Deposit. b. Commercial Bank V/S Central Bank c. Increase in Demand V/S Decrease in Demand d. Perfect Competition V/S Monopoly e. Saving V/S Consumption f. Autonomous Investment V/S Induced Investment g. Total Utility V/S Marginal Utility h. Bank Rate V/S Open market Operation

8 marks

(B) Give reasons or explain the following in brief. (Any 4) 1. The Reserve Bank is Government’s Bank 2. The Demand for coffee and tea is competitive in nature. 3. Why has water less price, though of much use? 4. An Entrepreneur is called as a captain of the industry. 5. Stock of Perishable commodities tends to be zero? 6. Why does microeconomics use slicing method? 7. The Supply of land can not be changed? 8. Why study of macroeconomics is important and extremely useful?

8 marks

Q. 4. (A) Answer the following questions in one or two paras (any 2) 1. Explain in brief the features of Land 2. Explain in brief the types of Capital 3. Explain the Exception to the Law of Supply? 4. What are the Different Types of Utility?

8 marks

8 marks

(B) Write Short notes on the following: (any 2) 1. Function of Money 2. Difficulties involved in the measurement of National Income 3. Bank Rate Policy 4. Types of Budget Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 1. 2. 3.

16 marks

All factors of Production have direct demand. Income Elasticity of demand for salt is zero There is no difficulties in measuring national income

Q. 6 (B) Answer the following (any two)

16 marks

1. Define and Explain the Function of Commercial Bank? 2. Explain the Law of Equi-Marginal Utility? 3. What are the qualities of an entrepreneur? ALL THE VERY BEST

OMTEX CLASSES TIME: - 3 HOURS MARKS: - 100 ECONOMICS Q.1 (A) Complete the sentences by choosing correct alternative given below. 1. Converting log of wood into a table is addition of ___________ (Place Utility, Time Utility, Form Utility , Personal Utility) 2. Supply curve has _________ slope. (Positive, Negative, Horizontal, Vertical) 3. Supply is a _________ of stock. (Part, Total, Maximum, Minimum) 4. Receiving deposits and advancing loans is a ___________ function of any commercial bank. (Primary, Secondary, Current, Total) 5. The income of government through all sources called ____________________ (Public debt, Public expenditure, Public revenue, public taxation) (B) State whether the following statements are true or false. 1. Refrigerator in restaurant is capital goods. 2. Government budget gives us the complete financial information of the country 3. Reservation price of perishable goods is generally high 4. Price is the only factor that determines demand for a commodity. 5. Free entry is an essential but not a sufficient condition of perfect competition. (C) Choose the correct answer in each from the following four alternatives

1. in case of perfectly elastic demand, the demand curve is __________ 1. 2. 3. 4.

Parallel to Y axis Parallel to X axis Downward sloping Upward Sloping

2. Central Bank is __________ 1) 2) 3) 4)

Bankers bank Provides lockers facility Commercial bank Provides Overdrafts facility

3.

During depression, the Central Bank adopts the _____________ (a) near money policy (b) dear money policy (c) Cheap money policy. (d) No money policy

4.

National Income data is not completely reliable _____________ (a) Due to statistical and conceptual difficulties (b) Due to illiteracy in the country (c) N.I data is too large. (d) It takes a long time in its calculation

5. Monopoly of Note-issue of the Central Bank is its_____________ (1) (2) (3) (4)

Traditional function Development Function Modern Function Secondary function

(D) Match the two columns given below: Group A 1. 2. 3. 4. 5.

Micro economics Electricity Surplus budget Marginal utility Moral Suasion

1.

2. 3. 4. 5. 6.

Group B Composite Demand Revenue more than expenditure Selective method of credit control Study of one millionth part of the country Joint demand Additional utility

Q. 2 (A) Define and explain the following concept. (Attempt any 4) 1. Define and state the Law of diminishing Marginal Utility 2. Define Income Elasticity of Demand 3. Define Price Elasticity of Demand 4. What do you mean by open market operation 5. Explain the concept of Gross National Product. (GNP) 6. Economic man 7. Unitary elastic demand 8. Stock (B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 1. The concept of price-elasticity is of great practical importance 2. Selling cost is an important component in Perfect competition. 3. National income at market price is higher than the national income at factor cost. 4. As the income increases, Consumption also increases 5. Functional budgeting of government is more important than balanced budgeting. 6. The capital is the most mobile factor of production 7. In economics market means a particular geographical region. 8. Functional budgeting of government is more important than balanced budgeting. Q. 3 (A) Distinguish between (Any Four) of the following 1. APC V/S MPC (Compulsory) 2. Central bank V/S Commercial Bank 3. Capital V/S Wealth 4. Gross National product V/S Net National Product 5. Perfect competition V/S Pure Competition 6. Fixed Deposit Account V/S Current Account 7. Joint Demand V/S Composite Demand 8. Balanced Budget V/S Functional Budget (B) Give reasons or explain the following in brief. (Any 4) 1. Goods with close substitute have an elastic demand explain this statements 2. Why is stock and supply of perishable commodities are equal?. 3. What are the causes for the changes in the demand 4. Why are the transfer payment not included in the national income 5. Why do commercial bank have greater importance in development of a country 6. Explain the reasons for the evolution of money? 7. Why the concept of balanced budget is called as an ‘Ideal Concept’? 8. Why popularity of the macro economics increased? Q. 4. (A) Answer the following questions in one or two paras (any 2) 1. Explain the functions of the Entrepreneur. 2. Explain with illustration, the Income method of Measuring National Income? 3. Describe the Various Function Of Money? 4. Secondary function of commercial bank?

8 marks

8 marks

8 marks

8 marks

8 marks

8 marks (B) Write Short notes on the following: (any two) 1.

What are the factors determining demand

2. Exception to the Law of Supply 3. 4.

Circular flow of National Income Kinds of Investment

Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 1. 2. 3.

16 marks

State and explain the Law of Equi-Marginal Utility Necessaries have elastic demand Price is the only factor determining demand

Q. 6 (B) Answer the following (any two) 1. Define and Explain the Function of Central Bank? 2. Explain the Feature of Perfect Competition? 3. Explain the law of demand? And it exemption?

16 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES

(A)

“THE HOME OF TEXT” TIME: - 3 HOURS

SECOND PRELIMINARY EXAMINATION

MARKS: - 100

ORGANISATION OF COMMERCE AND MANAGEMENT

AVOID CANCELLATION, WRITE NEATLY AND QUICKLY Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence:

5 marks

1. A government company is one in which the share capital contributed by the Government is not less than ________________ (51%, 49%, 75%) 2. The persons who simply lends his name to the partnership firm is called ___________ (Active partner, Nominal Partner, Sleeping Partner) 3. The Co-operative Societies Act was passed in India in _________ (1912, 1986, 1956) 4. Multinationals operate __________ ( in the country of origin, in developed countries, all over the world) 5. Theoretically ___________is a king in a market. (Producer, Consumer, Seller) (B) Match the Pairs:

5 marks

GROUP A Head of the District Forum

GROUP B Political intervention

Consumer Movement

1986

National Commission

News papers

Right to safety

1920

The Consumer protection Act

Healthy environment Supreme Court judge District Judge Electrical appliances High court Judge Insurance Policy

(C) Fill in the Blanks:

5 marks

The District forum shall be established by the ______________. Division of work leads to _____________. 154 According to Koontz and O’Donnell, there are ________functions of management. (5, 7, 9). ______________ is the essence of management. Registration of co-operative society is _______________.

Q. 2 Write short notes on (any three): -

15 marks.

Deemed Public Company Consumer Rights Social Responsibility of Consumer movement towards Society Importance of disaster management Q. 3 Distinguish Between: (any Three): -

15 marks.

Top level Management V/S Middle Level Management Co-operative society V/S Joint Stock Company Administration V/S Management District Forum V/S State Commissions Q. 4 State whether the following statements are true or false: - (Any Three): 1. 2. 3. 4.

15 marks.

The Sole aim of business organisations is to earn maximum profit. The event manager need not have any special qualities. The membership of a co-operative society is voluntary. Management is not a Professions

Q. 5 Answer the following questions in short: - (any Two): -

10 marks.

Explain the Nature of Directing Explain the features of principles of management. What is Privatisation? Explain its importance Q. 6 Define Co-ordination? Explain the importance of Co-ordination? Or Define Departmental undertakings? Explain its Merits and De-merits

10 marks

Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage Or Explain the Henri Fayol Principles of Management

10 marks

Q. 8 Is management is an Art or Science? Explain about both?

ALL THE VERY BEST

10 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES

(B)

“THE HOME OF TEXT” TIME: - 3 HOURS

SECOND PRELIMINARY EXAMINATION

MARKS: - 100

ORGANISATION OF COMMERCE AND MANAGEMENT

AVOID CANCELLATION, WRITE NEATLY AND QUICKLY Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence:

5 marks

Claims of consumers for compensation up to rupees twenty lakh are to be settled by____________ (district Forum, State Commission, National Commission) The Oldest and simplest form of business organisation is __________ (sole trading concern, Partnership Firm, Joint Hindu Family firm) The Objective of ______________ function is to obtain the most competent and efficient individuals for the enterprise. (Planning, Organising, Staffing) To maintain industrial peace is the responsibility of ____________ (management, workers, Shareholders) Gang-plank is an exception to the principles of __________ (Unity of Command, Unity of Direction, Scalar Chain) (B) Match the Pairs:

5 marks

GROUP A Deed of Partnership

World Economy

GROUP B

Multinational Companies

Greater Production

National Commission

Written constitution of a firm

WTO

Operations Research

Total Quality Management

District Judge Defect free product Supreme Court International economic relations Operating globally Unlimited Liability

(C) Fill in the Blanks:

5 marks

The author of wealth of nation was __________. Henri Fayol is considered as the ____________ (socialist, capitalist, universalist) According to Koontz and O’Donnell, there are ________functions of management. (5, 7, 9). ______________ is the essence of management. Registration of Partnership firm is _______________.

Q. 2 Write short notes on (any three): -

15 marks.

Deemed Public Company Consumer Rights Social Responsibility of Consumer movement towards Customer. Importance of Planning Q. 3 Distinguish Between: (any Three): -

15 marks.

Top level Management V/S Lower Level Management Partnership firm V/S Joint Stock Company Administration V/S Management District Forum V/S State Commissions Q. 4 State whether the following statements are true or false: - (Any Three): -

15 marks.

The Sole aim of business organisations is to earn maximum profit. The event manager need not have any special qualities. The membership of a co-operative society is voluntary. Management is not a Professions Q. 5 Answer the following questions in short: - (any Two): -

10 marks.

Explain the Feature of Controlling. Explain the features of principles of management. What is Privatisation? Explain its importance Q. 6 Define Co-ordination? Explain the importance of Co-ordination? Or Define Departmental undertakings? Explain its Merits and De-merits

10 marks

Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage Or Explain the Henri Fayol Principles of Management

10 marks

Q. 8 Is management is an Art or Science? Explain about both?

ALL THE VERY BEST

10 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES “THE HOME OF TEXT” TIME: - 3 HOURS MARKS: - 100 ORGANISATION OF COMMERCE AND MANAGEMENT

Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence: 5 marks 11.00 to 11.05 Event management is a __________ activity (Marketing, professional, political) Business ethics is a branch of _________ science ( social, physical, general, commercial) Management of a co-operative organization is ________ (oligarchic, capitalistic, democratic) Business Environment has tremendous impact on __________ (Government people, business) The shares of co-parceners are ___________ (fixed, fluctuating, Prescribed by Hindu law) (B) Match the Pairs:

5 marks

11.05 to 11.10

GROUP A Head of District Forum

Mumbai

GROUP B

Shares of co-operative society

District Judge

Department of post

Nor Transferable

Equity

Departmental Undertaking

Organizing

Formulation of policies and plans Anticapitalistic organization Mobility of people Social justice Departmentation Right man for Right Job

(C) Fill in the Blanks:

5 marks

11.10 to 11.15

1. The Highest rate of dividend in a co=operative society can be _______% 2. Management principles establish ___________ relationship 3. Essential commodities Act was passed in ________ 4. _________ permits direct communication between the employees working at the same level of authority without following scalar chain 5. A __________ company need not hold the statutory meeting.

Q. 2 Write short notes on (any three): -

11.15to 11.45

15 marks.

Business Ethics Objective of Consumer Movement world Trade Organisation Function of Lower level Management Q. 3 Distinguish Between: (any Three): -

11.45 to 12.15

15 marks.

State Commission V/S National Commission Top Level Management V/S Middle Level management Departmental V/S Government Company Middle Level Management V/S Lower Level Management Q. 4 State whether the following statements are true or false: - (Any Three): - (12.15 to 12.40) 15 marks. Globalization leads to unequal competition. Consumer is a king in the market. Business organizations have social value. The sole aim of the business organization is to earn profit Q. 5 Answer the following questions in short: - (any Two): - (12.40 to 01.00)

10 marks.

1. How does controlling helps to achieve desired objectives? 2. What are the effects of non-registration of partnership firm? 3. Why is total quality management necessary? Q. 6Define Staffing? Explain its Features and importance? (01.00 to 01.18) Or Define Joint Stock Companies? Explain its Merits and Limitations? Q. 7 Explain the social responsibility of commercial organization Towards Government And Consumer? (01.18 to 01.36) Or What are the Types of Companies? Q. 8 Define Management? Explain the Objectives of Management?

(01.36 to 01.54)

(6 minutes for checking)

ALL THE VERY BEST

10 marks

10 marks

10 marks

“ACHIEVE SUCCESS THROUGH” OMTEX CLASSES “THE HOME OF TEXT” TIME: - 3 HOURS MARKS: - 100 Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence:

5 marks

A trend of modern theories of management started after _______________ (1914, Industrial Revolution, 1950) Labour cost in manufacturing concern generally amounts to ______ of the selling cost (40%, 50%, 60%) Controlling is ____________ aspect of management. (mental, theoretical, practical) According to the principle of _________ union is strength. (Initiative, Esprite de cops, Discipline) Management is a ____________ (system of authority, Chain of command, Communication) (B) Match the Pairs: 1. 2. 3. 4. 5.

5 marks

GROUP A Partnership at will Statutory Company Management as a profession Controlling Time and motion study

GROUP B Max Weber Remedial measures Fixed duration or specific project No fixed duration Departmental managers Service Motive Integration of activities F.W. Taylor A maximum of 10 members Established by passing Special act

(C) Fill in the Blanks: 5 marks __________ functions divides the total work into smaller units Esprit de Corps means ____________ Event management as a profession generates ___________ opportunities Life insurance corporation of India is an example of _________________ A company is a legal__________ distinct from its members. Q. 2 Write short notes on (any three): -

15 marks.

Privatization Function of Middle Level Management Deemed public company Elements of Directing Q. 3 Distinguish Between: (any Three): Top Level Management V/S Middle Level Management Administration V/S Management Departmental undertaking V/S Government Company Departmental undertaking V/S Statutory corporation Q. 4 State whether the following statements are true or false: - (Any Three): A Co-operative society is differing for other forms of commercial organization. Management is not a Profession. The Main object of consumer movement is to protect the rights of the consumer. The Registration of Partnership firm in maharashtra is compulsory

15 marks.

15 marks.

Q. 5 Answer the following questions in short: - (any Two): Explain the Nature of Event Management Features of disaster Management Principles of Esprit De Corps

10 marks.

Q. 6 Define Management? Explain the Function of Management? Or Explain the features of Joint Hindu family business firm?

10 marks

Q. 7 Explain the Features and Importance of professional Management? Or Explain the social responsibility of commercial organization towards Customer and Government

10 marks

Q. 8 explain the Merits and Demerits of Government Company

10 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES

J

“THE HOME OF TEXT” TIME: - 3 HOURS 100

FIRST PRELIMINARY EXAMINATION

MARKS: -

ORGANISATION OF COMMERCE AND MANAGEMENT

AVOID CANCELLATION, WRITE NEATLY AND QUICKLY Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence:

5 marks

Minimum __________________ members are required to register Co-operative Society. ( Seven, Ten, Two) Businessman is the _______________ of the Society. (trustee, representative, member) As per the consumer protection Act, ___________ mechanism is available for removal of the complaints. ( two levels, five levels, three levels) Lower level management is also called as ___________________ management. (Middle level, supervisory, top level) Factors like customs and traditions, festivals, faith of the community, life style, and caste system are the factors included in the _____________ environment. (Political, Social, Economical) (B) Match the Pairs:

5 marks

GROUP A Partnership Deed/ Agreement

1920

GROUP B

Consumer Movement

Earn Profit

Economical objective

Power to take decision

Authorities

Creation of the departments of an organisation

Organising Function

Lack of economic exploitation Registered Agreement Balancing different functions Offering Services Written or Oral 1950

(C) Fill in the Blanks:

5 marks

A joint stock company has a __________ succession. J.W. Lorsch and P.R. Lawrence advocated the __________ approach to management. Event Management as a profession generates _________ opportunity. Business organisations are ____________ unit Globalisation and Liberalisation helped to attract ____________ in India. Q. 2 Write short notes on (any three): Importance of Consumer Movement

15 marks.

Business Ethics Importance of Business Environment World Trade Organisation Q. 3 Distinguish Between: (any Three): -

15 marks.

Taylor’s Contribution to management V/S Fayol’s contribution to management State Commission V/S National Commission Top Level Management V/S Middle Level Management Departmental Undertaking V/S Government Company Q. 4 State whether the following statements are true or false: - (Any Three): -

15 marks.

Area of operation of multinational companies is restricted to one nation only. Globalisation has a definite impact on the external sectors. The Consumer protection Act was passed in the interest of the seller. India Does not get any benefit from WTO. Q. 5 Answer the following questions in short: - (any Two): -

10 marks.

How does Controlling help in achieving the desired objectives? Why Quality management is necessary? Explain the need for Liberalisation Q. 6 Define Joint Stock Company? Explain Its Characteristics Or Explain about the Different Types of Companies.

10 marks

Q. 7 Define Staffing? Explain the importance of Staffing? Or Define Management? Explain the Importance of Management

10 marks

Q. 8 Explain the responsibility of Business Organisation towards Government and Consumer 10 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES “THE HOME OF TEXT”

TIME: - 3 HOURS MARKS: - 100

Q.1 (A) Complete the sentences by choosing correct alternative given below. __________ Economies uses slicing method. (macro, micro, agricultural, international) Budget s presented by __________ before the parliament. (Prime minister, finance minister, Home minister) ________ is perfectly mobile. (Labour, Capital, Land, Entrepreneur) Utility depends on the __________ of the want.(Intensity, quality, novelty, uniformity) _________ Function shows the relationship between aggregate national income and level of saving. (Consumption, dissaving, saving, Investment) (B) State whether the following statements are true or false. The Exceptional demand curve slopes upward. Price discrimination is not possible in perfect competition. The surplus budget expenditure exceeds receipts. A central bank is the lender of the last resort. Medium of exchange is the primary function of the money.

(C) Choose the correct answer in each from the following four alternatives Selling cost is an important feature of __________________ Monopoly Monopolistic competition Perfect competition oligopoly Output is the outcome of process of _______________ Consumption demand supply production Land does not include______________ rivers coal sunshine machinery The economy having foreign trade relations is called ________________ balanced economy closed economy advanced economy open economy commodity money includes ____________ wheat rice cow all of these (D) Match the two columns given below: Group A Aggregate supply Entry barriers cheque Cash Reserve Ratio Direct Tax

Group B Bank Money Quantitative Credit Control method Income method Capital method monopoly Barter System f(NLKT)

Q. 2 (A) Define and explain the following concept. (Attempt any 4) 1. 2. 3. 4. 5.

Monopolistic Competition Aggregate Demand Balanced Budget Indirect Tax Gross National Product. (GNP)

8 marks

(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) Autonomous Consumption can be zero When the exports exceeds imports, the GNP rises Money has no store value At the point of satiety, the marginal utility is Zero. Labours are perishable in nature Q. 3 (A) Distinguish between (Any Four) of the following Expansion of demand V/S Contraction of demand Saving V/S Consumption Direct Tax V/S Indirect Tax Total Utility V/s Marginal Utility Import V/S Export APC V/S APS (B) Give reasons or explain the following in brief. (Any 4)

8 marks

8 marks

8 marks

The Utility is a relative concept. all Factors of production have derived demand Aggregate demand depends upon many factor Why can autonomous consumption never be zero? Why monopolist does is a price maker? Q. 4. (A) Answer the following questions in one or two paras (any 2)

8 marks

Explain the importance of micro Economics Determinants of aggregate supply Bank Over Draft 8 marks (B) Write Short notes on the following: (any two) Types of wealth Features of micro economics Law of supply Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two)

16 marks

1. Price is the only determinants of demand. 2. There are no difficulties involved in the measurement of national income. 3. An entrepreneur is called as captain of the industry Q. 6 Answer the following (any two) Define and Explain the Function of Central Bank? Price determination under perfect competition? Explain any two method of measuring Price Elasticity of Demand

16 marks

“ACHIEVE SUCCESS THROUGH”

OMTEX CLASSES “THE HOME OF TEXT” TIME: - 3 HOURS MARKS: - 100 ORGANISATION OF COMMERCE AND MANAGEMENT

AVOID CANCELLATION, WRITE NEATLY AND QUICKLY Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence:

5 marks

(Complete within 5 minutes) 11.00 to 11.05

1. Minimum __________________ members are required to register Co-operative Society. ( Seven, Ten, Two) 2. Sole trading operates in __________ market. (National, local, regional) 3. Government Companies is owned and managed by the __________________ (Individual, Government, Minister) 4. _________________ is the link between the past, present and future. (Planning, controlling, Directing) 5. Factors like customs and traditions, festivals, faith of the community, life style, and caste system are the factors included in the _____________ environment. (Political, Social, Economical)

(B) Match the Pairs:

5 marks

(Complete within 5 minutes) 11.05 to 11.10

GROUP A 1. Co-operative management

GROUP B 1. Order from one superior

2. Top level management

2. World economy

3. Unity o Command

3. Use modern technology

4. Globalisation

4. Formulation of policies

5. Professional management

5. Democratic management 6. Registered Agreement 7. Balancing different functions 8. Offering Services 9. Written or Oral 10. 1950

(C) Fill in the Blanks:

5 marks

(Complete within 5 minutes) 11.10 to 11.15

1. _________________ is an art of getting things done through others. 2. ________________ is the highest authority under the Consumer Protection Act to settle the disputes of the consumer. 3. Event management is a _________________ activity. 4. ______________ refers to human conduct in business. 5. World Trade Organisation is a ________________ body.

Q. 2 Write short notes on (any three)-

11.15 to 11.45

15 marks.

1. Principles of management 2. Explain about Unity of Command 3. Disaster Management 4. Consumer Rights Q. 3 Distinguish Between: (any Three): -

11.45 to 12.15

15 marks.

1. Private Sector V/S Public Sector 2. State Commission V/S National Commission 3. Administration V/S Management 4. Departmental Undertaking V/S Government Company Q. 4 State whether the following statements are true or false: - (Any Three): -

1. 2. 3. 4.

12.15 to 12.40

15 marks.

The membership of a joint Hindu Family enjoys equal management rights. Liberalisation has no draw backs. Consumer movement is gaining momentum in India. Management is a Profession.

12.40 to 01.00

Q. 5 Answer the following questions in short: - (any Two): -

10 marks.

1. Explain the need and importance of planning 2. Explain need and importance of Liberalisation 3. Explain the importance of Professional management Q. 6Define Partnership firm? Explain Features of Partnership firm? Or Define Multinational Companies explain its Characteristics Q. 7 Define management? Explain the Its Characteristics

Or Explain the Functions of Management

01.00 to 01.20

10 marks

01.20 to 01.40

10 marks

Q. 8 Explain the responsibility of Business Organisation towards

Shareholders and Society.

01.40 to 02.00

ALL THE VERY BEST

10 marks

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