|
|
Do you want 100% Marks with less
effort? Then prepare the YSA Guess. Especially
designed for Karachi Board of Secondary Education (New
Pattern).
GUESS
PAPER
(PRINCIPLE
OF COMMERCE PAPER-I)
Commerce Group-Regular
& Private)
TIME: 3 HOURS
MAX. MARKS: 75
SECTION
"A" (MULTIPLE CHOICE QUESTIONS)
(16 MARKS)
NOTE
All the questions of this
section are to be answered.
Q.1. Choose the correct
answer for each from the given options.
i. 'Barter' system means
a) producing goods and
services to make profit.
b) exchanging goods or
services for goods or services without the employment of
money.
c) transfer of goods from
the place of production to the ultimate consumers.
d) any activity which is
directly related to wealth.
ii. The liability of a sole proprietor is unlimited. This
means
a) the private property
is safe and cannot be utilized in the discharge of the
debts.
b) the liability of the
sole proprietor is limited up to his investment in the
business.
c) not only his business
property, but also the personal property is liable to pay
his business debts.
d) he can raise his funds
because he has unlimited opportunity to expand its capital.
iii. In order to form a partnership there must be a minimum
of
a) two persons but not
exceeding 22.
b) two persons and
maximum 22.
c) two persons but
exceeding 20.
d) two persons but not
exceeding 20.
iv. The number of
shareholders in a public company is
a) minimum 2 and maximum
50.
b) minimum 2 and maximum
20.
c) minimum 7 and maximum
50.
d) minimum 7 and no upper
limit.
v. Articles of Association is a document explaining rules
and regulations regarding.
a) external affairs of a
company.
b) internal affairs of a
company.
c) external and internal
affairs of a company.
d) none of the above.
vi. The shareholders of a company.
a) cannot transfer their
shares
b) can transfer their
share
c) cannot transfer their
shares due to certain restrictions.
d) none of the above
vii. The main purpose of cooperative societies is
a) to earn the maximum
profit
b) the welfare of their
members. The society does not work for profit motive.
c) to earn the maximum
profit with low cost of production.
d) to do business with
abnormal profit for its members only.
viii. The retailers are the middlemen who sells the good in
a) small quantities
b) large quantities
c) in bulk
d) all of the above
ix. When two countries buy and sell goods and services the
activity is called
a) Foreign trade
b) External trade
c) International trade
d) All of the above
x. The import and export of merchandise or tangible goods is
known as
a) Visible trade
b) Visible and Invisible
trades
c) Invisible trade
d) All of the above
xi. The marketing mix is based on the following:
a) production, people,
price, product
b) maximum profit with
minimum cost
c) production,
consumption, distribution and exchange of goods.
d) product, price, place,
promotion
xii. Which form is free of cost for promoting goods and
services?
a) Advertising
b) Personal selling
c) Publicity
d) None of the above
xiii. When the exchange of goods and services takes place
between the citizens of the same country it is called
a) Foreign trade
b) External trade
c) Domestic trade
d) International trade
xiv. When property is owned jointly without any intention of
carrying on the business it is called
a) Sole Proprietorship
b) Partnership
c) Co-ownership
d) Joint stock
corporation
xv. In the absence of partnership agreement
a) profits are retained
by the business
b) profits are
distributed on the death of a partnership.
c) profits must be shared
equally among all the partners.
d) profits are deposited
in a commercial bank.
xvi. The word LIMITED at the end of a firm's name means
a) it only produces one
commodity
b) shareholders cannot
lose the money they have paid for the shares
c) the shareholders are
not liable to pay the debts of the company
d) the capital is limited
SECTION
"B" (SHORT ANSWER QUESTIONS)
(35 MARKS)
NOTE
Q.2 Answer any SEVEN
questions from this Section. All questions carry equal
marks. No answer should exceed 8-10 lines.
i. Write down the definitions of business, trade, industry
profession and commerce.
ii. Enumerate the different forms of ownership.
iii. Write the main features of a Joint-Stock Company.
iv. Give the basic concepts of Mudarba and Musharka.
v. Define Market and Marketing.
vi. Write down the documents used in foreign trade.
vii. Enumerate the different kinds of retailing.
viii. Write down the different means of Advertisement.
ix. What is Chamber of Commerce?
x. Give an explanation of the different types of insurance
and the risk involved in it.
SECTION
"C" (DESCRIPTIVE ANSWER QUESTIONS)
(24 MARKS)
NOTE
Answer any Two questions
from this Section. All questions carry equal marks.
Q.3 Describe the
procedure of incorporation of a Joint Stock Company.
Q.4 Write down the functions of Marketing or the functions
of the Chamber of Commerce.
Q.5 Draft an inquiry or a circular letter assuming necassary
details.
|
|
|
