Commercial Studies STD: X (2024-25)
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Questions and Answers

Which system allows electronic fund transfers from any bank branch to another account holder in the country?

  • Mobile wallet
  • RTGS
  • NEFT (correct)
  • IMPS

Which of the following is NOT considered an external source of recruitment for a company?

  • Consultancy
  • Campus Selection
  • Internal advertisement (correct)
  • Walk in

Which of the following primarily provides workers with economic security, a sense of belonging, and opportunities for self-expression?

  • Industrial Relations
  • Industrial Security
  • Trade Union (correct)
  • None of the above

What is the meaning of 'Uberimmae fidae' in the context of insurance?

<p>Utmost good faith (A)</p> Signup and view all the answers

Which process involves carefully screening candidates to identify the most suitable individuals for job openings?

<p>Selection (C)</p> Signup and view all the answers

Falsifying records and keeping two sets of accounts is an example of what?

<p>False accounting (C)</p> Signup and view all the answers

What does a bank primarily accept from the public in addition to providing advances?

<p>Deposits, loans (C)</p> Signup and view all the answers

Which method is useful for assessing the leadership skills and social qualities of job candidates?

<p>Group Discussion (B)</p> Signup and view all the answers

Which principle of insurance is reflected in the statement: 'The insurer undertakes to put the insured, in the event of loss, in the same position that he occupied before the event'?

<p>Indemnity (A)</p> Signup and view all the answers

Consider the statements: I) Industrial Relations are primarily concerned with the legal framework governing the employment relationship. II) Industrial peace, higher productivity, industrial democracy and social progress are the main objectives of industrial relations. Which of the following is true?

<p>Statement I is false but Statement II is true. (B)</p> Signup and view all the answers

Flashcards

Real Time Gross Settlement (RTGS)

A countrywide system for electronic fund transfers from any bank branch to another.

Internal advertisement

A recruitment method involving current employees to spread awareness and knowledge about available positions within to those outside the organization.

Trade Union

An association of workers formed to promote and protect their interests.

Uberrimae Fidae

The principle in insurance that requires utmost good faith and transparency between the insurer and the insured.

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Selection

The process of carefully evaluating candidates to select the most suitable individuals for job openings.

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False Accounting

Intentionally altering financial records or maintaining multiple sets of accounts which is misleading.

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Bank

A financial institution that accepts deposits from the public and provides loans and advances.

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Group Discussion

A method of assessing candidates' leadership and social skills through group interactions and discussions.

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Indemnity

The principle of insurance where the insurer compensates the insured for losses, up to the extent of the actual loss.

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Insurable Interest

The principle that the insurer undertakes to put the insured, in the event of loss.

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Study Notes

  • The text is a Commercial Studies exam paper.
  • The paper is for STD: X (2024-25).
  • The full marks for the paper is 50.

Paper Structure

  • There are questions across chapters 11 to 15.
  • The paper is divided into two sections: Section A (30 Marks) and Section B (20 Marks).
  • All questions in Section A are compulsory.
  • In Section B, any two questions must be attempted.
  • The total time for the paper is 1-1/2 hours.

Section A: Question Types

  • Question 1 is a multiple-choice question (MCQ).
  • Question 2 is a distinction between the following concepts.
  • Question 3 requires answers to the following:.

Section B: Questions

  • Question 4
    • Explains the Environment Protection Act and its four features.
    • Explains any five principles of insurance.
  • Question 5
    • Suggests on-the-job training techniques.
    • Explains five steps of the selection procedure.
  • Question 6
    • States and Explains five objectives of Trade Unions.
    • The reasons why water transport is better than air transport.

Multiple Choice Questions

  • An individual or company can use this countrywide system to electronically transfer funds from any bank branch to another: NEFT.
  • Internal advertisement is not an external source of recruitment.
  • Trade Union provides economic security, a sense of belonging, and self-expression to workers.
  • Uberrimae fidae principle of insurance means utmost good faith.
  • The process of screening candidates to choose the most suitable candidates for job vacancies is selection.
  • Falsification of records and keeping two sets of accounts are examples of false accounting.
  • A bank accepts deposits and issues loans to the public.
  • Group discussion is useful in judging the leadership ability and social traits of candidates.
  • Indemnity insurance ensures the insurer undertakes to put the insured back in the position they occupied before the event of loss.
  • Statement II is true, Industrial peace, higher productivity, industrial democracy, and social progress are of industrial relations. Statement I is false about the legal framework.

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Description

Commercial Studies exam paper for STD X (2024-25), covering chapters 11-15. Includes sections on environment protection, insurance, on-the-job training, and trade unions. The paper is split into two sections, A and B.

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