7/27/2019 O.C.M. Test Paper II.pdf

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BismillahOMTEX CLASSES O.C.M 80Marks

2.30 hours

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 Group B

1. Principles of Management2. Life Spark of an Enterprise3. Partnership Act4. Common Seal5. Cold Storage

1. Symbol of a company2. Company's Charter3. Perishable Goods4. Goods5. Direction6. Co-ordination7. 19328. 19569. Flexible in Nature10. Static in Nature

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

5 Marks

1. A consumer dispute redressal agency that handles claims up to 20 lakh rupees.2. Name the service provider which is used for payments through web.3. The principle of management that says the work should be divided into parts.4. Movement of the consumers against business malpractices.5. 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.

Q.2 Distinguish Between: (Any three)

15 Marks1. Partnership firm V/S Joint Stock Company2. Private Limited Company V/S Public Limited Company3. Fire Insurance V/S Marine Insurance4. Road Transport V/S Rail Transport5. Entrepreneur V/S Manager

Q.3Write short notes: (Any three)

15 Marks1. Out Sourcing2. Rights of Consumer3. Function of Warehousing4. Technique of Scientific Management5. Types of Life Insurance Policies

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

15 Marks

7/27/2019 O.C.M. Test Paper II.pdf

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1. A Joint stock company can make huge capital.2. Credit cards are used for cash payments3. Taylor is called the father of scientific management4. Consumer protection Act is a blessing for the consumers5. Rail transport provided door to door service.

Q.5 Answer the Following: (Any two)10 Marks

1. Explain the various function of Entrepreneur.2. Types of Marine Insurance Policy.3. Importance of Organizing.4. Feature of Entrepreneur.5. Types of Banks.

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

Or

Define Planning? Explain its Importance?