SAMRAT CLASSES

2nd Preliminary Test

10th ICSE 80 Marks

Commercial Studies 2 hours

23/12/2023

Q1. Multiple Choice Questions. (16 Marks)

1. Indirect material scrap is adjusted along with_________________

(Prime cost, Distribution cost, Factory cost, Production cost)
2. Rapid depletion of natural resources requires _______________ and restoration
(Conservation, Reservation, Decomposition, Deforestation)
3. Real time means there is ____________
a. Long waiting Period C. No waiting Period
b. 2 days waiting Period d. 5 days waiting period
4. Name the type of insurance which is no a contract of indemnity
(Fire, marine, life, none of these)
5. Trade union in India suffer from small size and ___________
a. Uneven growth c. Political Leadership
b. Weak finance d. All of these
6. Identifying the _______________ candidates and ______________them to apply for the job
is recruitment
a. Available, insisting c. Potential, attracting
b. Available, making d. Potential, insisting
7. __________ are generally secured by assets and guarantees
(Cash Credit, overdraft, Discounting of Bills, loans)
8. Budget brings _____________ to the working of business firms.
(efficiency, economy, consistency, flexibility)
9. _______ cost is activity based, it increases with increase in output.
(Fixed, Variable, Semi-variable, Direct)
10. The excess of assets over liabilities represent the ___________ of the owner
(Capital, Drawings, Net Profit, Gross Profit)
11. ____________ is an Example of capital Expenditure
a. Goods Purchased for resale c. Purchase of machine
b. Cleaning and greasing of office fans d . Money Paid as Taxes
12. The 2 types of Marketing are:
( E- security , Telemarketing , Article Marketing, Blogging )
13. Consumer exploitation violates the basic right of ________________
(Producer, seller, consumer, distributor)
14. _____________ is non- repetitive one- time communication that helps to increase
immediate sales
(Advertising, Publicity, E-tailing, Sales Promotion)
15. Market is the set of all actual and____________ buyers of a Product
(Original, Potential, regular, competitor)
 16. ‘They Assume greater risk of loss of capital’ this degree of risk estimated by
(Creditor, Stakeholder, Both, none of these)

Question 2. (24 M)

1. What is Cash budget?

2. What do you understand by the term Retained Earnings?
3. Write a note on RTGS
4. What is E- Security?

Question 3.

1. Difference between Life Insurance and General Insurance

2. Difference between Production Budget and Material Budget
3. Difference between Capital expenditure and Revenue Expenditure
4. Difference between Sales Promotion and Advertising

Question 4.

1. Write Expectations of creditors from stakeholders

2. Why Pricing is the important element in Market Mix?
3. Why there is need of consumer Protection
4. Explain Bills of Exchange with suitable example

Section B - 40 Marks
(Attempt any 4)
Question 5

1. State different objectives of Pricing

2. Write Merits of Advertising to Producers and Society

Question 6.

1. What is the objective of Consumer Protection Act ,2019 also explain its salient features
2. Explain following Module with suitable Examples
- Inventory Module
- Supply Chain Management (SCM)
- Finance and Accounting Module

Question 7.

1. Explain any 5 utilities of budget

2. Show the comparative study between Equity Shares and Preference Shares

Question 8

1. What are the different Methods can use to trained employees?

2. Write the different functions of Trade Union

Question 9.
 1. Explain the following with proper example
a) Intellectual Property Fraud b) False Accounting Fraud
2. Write Economical and social Significance of Transportation

Question 10.

1. Prepare Trading, Profit and Loss Account for the year ending March 2023 of M/s Raju from
the following Trial Balance.

Debit Balance Amount Credit Balance Amount

Drawings 4240 capital 32000
Purchase less returns 15610 Sales less returns 34176
Rates and Taxes 388 creditors 4422
Salaries 1612
Lighting 164
Electric Power 384
Insurance 414
Commission 206
Advertising 214
Bad debts 62
Postage and telegram 826
Carriage 754
Opening stock 660
Wages 7962
Land and building 15840
Plant 4034
Furniture 378
Sundry debts 6082
Cash 5268
70598 70598
*Closing stock was valued at Rs. 8760