PSEB 11TH CLASS BUSINESS STUDIES MARCH 2025 REAL QUESTION PAPER FULLY SOLVED LEAKED WITH PDF

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Here is the systematic solution to the Class 11th Business Studies March Exam 2025 paper. Each question is written in full, followed by its answer.

Question 1: Write correct options for the following questions. Each question carries 1 mark. (20X1=20 marks)

(i) Which of the following contributed in the development of trade and commerce in ancient India?

(d) All of these.

(ii) The primary aim of every business activity is to:

(b) Earn Profits

(iii) Service Industries are called:

(d) All of the above

(iv) Which one of the following is the advantage of sole-proprietorship?

(d) All of these.

(v) Which one of the following is not a feature of partnership?

(c) Limited liability

(vi) All the affairs of Hindu Undivided Family are managed and controlled by:

(b) Eldest male member of family

(vii) A public company must have at least following number of members:

(c) Seven

(viii) Which type of organisation will be more suitable if the owner wants to keep control of the business only in his hands?

(b) Sole Proprietorship

(ix) Food Corporation of India is an example of:

(c) Public Enterprises

(x) Which one of the following banks issues currency notes in India?

(b) Reserve Bank of India

(xi) Which one of the following banks accepts deposits from the public?

(a) Commercial banks

(xii) The agreement providing for insurance is known as:

(d) Insurance Policy

(xiii) Which one of the following is not the benefit of E-Business?

(c) Customers have to go a long way to shops for orders

(xiv) Which one of the following is the responsibility of business toward Government?

(d) All of the above.

(xv) What is life blood of every business enterprise?

(b) Finance

(xvi) Which one of the following is not a type of intellectual property?

(d) Venture Capital

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(xvii) Which of the following is a type of small-scale business enterprise in India?

(d) All of these

(xviii) Which one of the following is the feature of retailers?

(d) Both (a) and (b)

(xix) Buying and selling of goods between different countries is known as:

(a) Foreign Trade

(xx) The transfer of funds which do not involve conventional cash and cheques is known as:

(c) E-Payment

True/False Questions (10X1=10 marks)

(xxi) In the ancient times, modes of transport for trade were land and sea.

True

(xxii) The objective of business is to provide minimum job opportunity to the society.

False

(xxiii) Banks provide short-term and long-term funds to the business enterprises.

True

(xxiv) The managerial ability of sole-trader is limited.

True

(xxv) In the absence of any agreement, every partner has equal share in the profit.

True

(xxvi) A company enjoys a separate legal entity from its members.

True

(xxvii) E-business is about buying and selling products and services on WWW.

True

(xxviii) Government laws does not affect business ethics.

False

(xxix) Equity shares cannot be redeemed except in case of winding up of company.

True

(xxx) MSMEs play a very vital role in the rural development of India.

True

Answer the following questions (15X2=30 Marks)

2. Name some of the important economic activities of people in ancient India.

Agriculture, trade and commerce, handicrafts, and indigenous banking were some of the important economic activities in ancient India.

3. Write any two human objectives of business?

(i) Providing fair wages and good working conditions to employees.
(ii) Ensuring job security and opportunities for growth and development.

4. What is Manufacturing Industry?

The manufacturing industry involves the conversion of raw materials into finished goods through the use of machinery, labor, and tools.

5. Give two disadvantages of sole-proprietorship.

(i) Limited capital and resources.
(ii) Unlimited liability, where the owner is personally responsible for all debts.

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6. What is meant by partnership at will?

A partnership at will is a partnership that can be dissolved by any partner at any time without any formal agreement or notice.

7. Give two points of difference between a co-operative society and a partnership.

(i) A co-operative society is formed for mutual benefit, while a partnership is formed for profit.
(ii) A co-operative society has a separate legal entity, whereas a partnership does not.

8. What is maximum limit on members of a private and public company?

Private Company: Maximum of 200 members.
Public Company: No maximum limit on members.

9. What do you mean by Prospectus?

A prospectus is a legal document issued by a company to invite the public to subscribe to its shares or debentures.

10. Which are two types of funds required by a businessman?

(i) Fixed capital (for long-term investments).
(ii) Working capital (for day-to-day operations).

11. Define insurance.

Insurance is a contract where an individual or entity receives financial protection or reimbursement against losses from an insurance company.

12. Name types of International Trade.

(i) Export Trade.
(ii) Import Trade.
(iii) Entrepot Trade.

13. Write two difference between E-commerce and traditional commerce.

(i) E-commerce is conducted online, while traditional commerce is conducted offline.
(ii) E-commerce offers 24/7 accessibility, whereas traditional commerce has fixed business hours.

14. What do you mean by Social Responsibility of business?

Social responsibility of business refers to the obligation of businesses to act in ways that benefit society, such as ethical practices, environmental sustainability, and community development.

15. Define Small enterprises under MSMED Act 2006.

Small enterprises are defined as businesses with an investment in plant and machinery between ₹25 lakh and ₹5 crore.

16. What do you mean by Internal trade?

Internal trade refers to the buying and selling of goods and services within the boundaries of a country.

Answer the following questions. (Attempt any 5 Qs) (5X4=20 Marks)

17. Give four differences between business and Employment.

(i) Business involves risk-taking, while employment does not.
(ii) In business, the owner has full control, whereas in employment, the employee works under the employer’s control.
(iii) Business requires capital investment, while employment does not.
(iv) Business profits depend on performance, whereas employment offers fixed salaries.

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18. What do you understand by Partnership Deed? Explain its contents.

A partnership deed is a legal document that outlines the terms and conditions of a partnership. Its contents include:
(i) Name of the firm and partners.
(ii) Capital contribution by each partner.
(iii) Profit-sharing ratio.
(iv) Roles and responsibilities of partners.

19. Write four differences between Private Company and Public Company?

(i) A private company can have a maximum of 200 members, while a public company has no limit.
(ii) A private company cannot invite the public to subscribe to its shares, whereas a public company can.
(iii) A private company has less stringent regulatory requirements compared to a public company.
(iv) A private company can start business after incorporation, while a public company needs a certificate of commencement.

20. Explain the various functions of a commercial bank.

(i) Accepting deposits from the public.
(ii) Providing loans and advances to businesses and individuals.
(iii) Facilitating money transfers and payments.
(iv) Offering financial services like foreign exchange, investment, and insurance.

21. Explain any four limitations of E-Commerce.

(i) Lack of personal interaction with customers.
(ii) Security concerns related to online transactions.
(iii) Dependence on internet connectivity.
(iv) Difficulty in building trust with customers.

22. What are the four main sources of long-term finance?

(i) Equity shares.
(ii) Debentures.
(iii) Retained earnings.
(iv) Long-term loans from financial institutions.

23. Explain the various advantages of International Trade.

(i) Access to a larger market for goods and services.
(ii) Increased competition leading to better quality products.
(iii) Economic growth through foreign exchange earnings.
(iv) Availability of a wider range of goods and services for consumers.

11th Business Studies March Exam 2025 paper.