SRI GURUGNANASAMBANDAR MISSION GARDENCOURT CAMBRIDGE SCHOOL

(Affiliated to CBSE, New Delhi), Aff. No. : 1930817

Kattadithattu, Puthenthurai Post, K.K. Dist. – 629501, Email :gcsnagercoil@gmail.com
Academic Year: 2023-2024
TERM I / Business Studies
Name: ……………………………. Max Mark: 80
Roll No : ………………………….. Date:….……………
Class: XI Sec: ………… Duration:3 Hrs

General Instructions:

1. This question paper contains 34 questions.

2. Marks are indicated against each question.
3. Answers should be brief and to the point.
4. Answers to the questions carrying 3 marks may be from 50 to 75 words.
5. Answers to the questions carrying 4 marks may be about 150 words.
6. Answers to the questions carrying 6 marks may be about 200 words.
7. Attempt all parts of the questions together.
8. Question Nos. 1 to 8 are very short-answer questions carrying 1 mark each.
9. Question Nos. 9 to 14 carry 3 marks each.
10. Question Nos. 15 to 18 carry 4 marks each.
11. Question Nos. 19 to 22 carry 5 marks each.
12. Question Nos. 23 to 25 carry 6 marks each.

1. ________ consists of various organisations owned and managed by the government.

a) Public sector
b) Private sector
c) Service sector
d) Manufacturing sector
2. A warehouse keeper accepts goods for the purpose of ________.
a) export
b) selling
c) storage
d) packaging
3. An entrepreneur is called potential entrepreneur when he has ________.
a) Maximum ability and Minimum willingness
b) Maximum ability and Maximum willingness
c) minimum ability and minimum willingness
d) Minimum ability and Maximum willingness
4. ________ are set up under an Act of parliament and are governed by the provisions of the Act.
a) Limited companies
b) Partnership
c) Private companies
d) Statutory corporations
5. A ______________ is one who allows the use of his/her name by a firm, but does not contribute to
its capital.
(a) Sleeping partner
(b) Secret partner
(c) Active partner
(d) Nominal partner
6. Define business risk.
7. Explain the meaning of statutory corporations.
8. Explain the meaning of global enterprises.
9. Explain the following causes of business risk.
(a) Human causes
(b) Economic causes; and
(c) Natural causes
10. Explain the following terms:
(a) Dormant partner
(b) Partner by estoppel
(c) Partner by holding out
11. Monica Khanna is a jewellery designer. She started her career from scratch and tookadvanced
designing course at Jewellery Product Development Center. In the completion ofthe course she got
the job at Gitanjali Gems. Being an experienced jewellery designer,Monica Khanna focuses on
maintaining the originality and creativity of the ornaments thatare custom designed and developed by
her.On the basis of the given information about Monica Khanna, answer the following questions:

a)Identify the type of economic activity that Monica Khanna is engaged in.

b)State any three features of the type of economic activity is identified in part (a)

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