BISHOP COTTON GIRLS’ SCHOOL

SECOND UNIT TEST- JANUARY- 2022

COMMERCE
DATE: 21/01/2022   
STD: XI READING TIME: 2PM-2:10PM
WRITING TIME: 2:10PM-3:40PM
UPLOADING TIME: 3:40PM-4 PM
MAX MARKS: 50
-------------------------------------------------------------------------------------------------------
Candidates are allowed additional 10 minutes to upload the answer paper. Students
are required to upload the answer sheet in PDFfile. Answer Question 1 from part I
(compulsory) and THREE questions from part II. The intended marks for
questions or parts of questions are given in brackets [].
-------------------------------------------------------------------------------------------------------
PART I
    (Answer all questions) 10 x 2=20
QUESTION 1
a) What is Stock Exchange?
b) “All insurance contracts except for life insurance are contracts of indemnity.”
Comment.
c) State any two features of Social Responsibility of a business enterprise.
d) What is Digital Cash?
e) Explain the terms: (i) Ex-Dividend (ii) Cum-Dividend.
f) Briefly explain the importance of Fidelity Insurance.
g) Define Outsourcing.
h) State any four requirements for successful implementation of E-Business.
i) What is Business Ethics?
j) What are the two main stock market indices of India and Expand SENSEX.

PART II
(Answer any three questions) 3 x 10 = 30

QUESTION 2
a) Discuss the functions of Stock Exchange. [5]
b) Distinguish between Broker and Jobber. [5]

QUESTION 3
a) ‘E-business offers several opportunities to suppliers and commensurate
benefits to customers.’ Discuss [5]
b) What are Smart Cards? State the utility of Smart Cards. [2+3]

QUESTION 4
a) State any five steps which business can take for protecting environment. [5]
b) Discuss the responsibilities of business towards its customers. [5]

QUESTION 5
Write a short note on:
a) Re-Insurance. [5]
b) Insurable interest and Causa Proxima. [3+2]