Bismilla h

OMTEX CLASSES 2.30 hours

O.C.M

80Marks

Q.1 (A) Select the correct answer form the possible options given below and rewrite the statements : 5 Marks 1. A Proprietor has __________liability. (Unlimited, Limited, Restricted) 2. The Costliest means of transport is __________ (Rail transport, Water transport, air transport) 3. Credit or Debit Cards are popularly known as ' ________money. (Paper, Plastic, Polymer) 4. Business organization should try to make _________utilization of natural resources. (Minimum, Optimum) 5. The President of State Commission is __________ (District Court Judge, Supreme Court Judge, High
Court Judge)

(B) Match the correct Pairs: 5 Marks Group A 1. Principles of Management 2. Life Spark of an Enterprise 3. Partnership Act 4. Common Seal 5. Cold Storage

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Group B Symbol of a company Company's Charter Perishable Goods Goods Direction Co-ordination 1932 1956 Flexible in Nature Static in Nature

(C) Write a word or a phrase or a term which can substitute each of the following statements: 5 Marks

1. 2. 3. 4. 5.

A consumer dispute redressal agency that handles claims up to 20 lakh rupees. Name the service provider which is used for payments through web. The principle of management that says the work should be divided into parts. Movement of the consumers against business malpractices. A management function which is decided in advance as to what to do, how to do it, when to do it, and who is to do it. (Any three)

Q.2 Distinguish Between: 15 Marks

1. 2. 3. 4. 5. Partnership firm V/S Joint Stock Company Private Limited Company V/S Public Limited Company Fire Insurance V/S Marine Insurance Road Transport V/S Rail Transport Entrepreneur V/S Manager

Q.3Write short notes: 15 Marks

(Any three)

1. 2. 3. 4. 5.

Out Sourcing Rights of Consumer Function of Warehousing Technique of Scientific Management Types of Life Insurance Policies

Q.4 State with Reasons whether the following statements are True or False: (Any three) 15 Marks

1. 2. 3. 4. 5.

A Joint stock company can make huge capital. Credit cards are used for cash payments Taylor is called the father of scientific management Consumer protection Act is a blessing for the consumers Rail transport provided door to door service. (Any two)

Q.5 Answer the Following: 10 Marks

1. 2. 3. 4. 5.

Explain the various function of Entrepreneur. Types of Marine Insurance Policy. Importance of Organizing. Feature of Entrepreneur. Types of Banks.

Q.6 Define Joint Stock Company? Explain its Merits and Demerits? Or Define Planning? Explain its Importance?