CBSE Class 10 Elements Of Business Sample Paper 2024-25: Download Sample Paper PDF With Marking Scheme For Free!

Q.NO.

QUESTION

MARKS

1

Name the method of communication which is used where face-to-face communication is difficult and can be delivered to the receiver through post offices or private couriers.

A. Email

B. Telephone

C. Letter

D. Video conferencing

1

2

Out of the following which source of finance is included in the category of owner’s funds?

A. Debentures

B. Equity shares

C. Bank Loan

D. Public Deposits

1

3

Under which system, the seller has the right to repossess the goods in case of default in payment?

A. Hire purchase

B. Credit sale

C. Installment payment

D. Cash sale

1

4

Identify the mode of receiving payment which is not appropriate in the mail order business.

A. Full advance payment

B. Value payable post

C. Delivery through a bank

D. Payment on credit terms

1

5

type of large-scale retail trade offers a large variety of goods and satisfies all the needs of customers under one roof.

A. Discount store

B. Departmental store

C. Multiple shops D. Convenience stores

1

6

Read the following statements carefully:

Statement I: In an auction sale, the goods are displayed and there is a reserve price below which goods are not to be sold.

Statement II: Goods delivered to the buyer ‘on approval’ basis are always paid for in advance.

In the light of given statements, choose the correct alternative from the following:

A. Both the statements are true.

B. Both the statements are false.

C. Statement I is true, and Statement II is false.

D. Statement II is true, Statement I is false

1

7.(A)

is the subject matter of communication which may contain facts, ideas, feelings or thoughts.

1

7.(B)

A. Feedback B. Sender

C. Receiver D. Message

OR

is not an email service provider.

A. Gmail B. Zoho

C. Outlook D. Bing

1

8

is the type of retail trade in which coin-operated machines are used for selling products like hot beverages, tickets, milk, soft drinks, chocolates etc.

A. Departmental store B. Multiple shops

C. Automated vending machines D. Mail order houses

1

9

Choose the incorrect statement about departmental stores.

A. They cater to the needs of rich people who care more for the services rather than prices

B. There is no uniformity in decoration and each store is different from other departmental stores

C. They do not provide credit facilities

D. They make extensive use of advertising, window displays to people

1

10

Trading of goods through mail order houses is not suitable for

A. Goods that can be graded and standardized

B. Goods that can be easily transported at low cost

C. Goods that have ready demand in the market

D. Goods that are perishable and bulky in nature

1

11.(A)

11.(B)

is the portion of net earnings which may be reserved in the business for use in future.

A. Interest B. Retained Earnings

C. Dividend D. Debit balance of profit & loss account

OR

is the source of finance which is issued by the company and its holders are entitled to receive interest but do not have the right to vote.

A. Debentures B. Equity shares

C. Bank loan D. Trade credit

1

1

12

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

Assertion (A): The Board of Directors of a company exercises full control over the business.

Reason (R): The Board of Directors are the owners of the company. Alternatives:

A. Assertion (A) is true but Reason (R) is false.

B. Assertion (A) is false but Reason (R) is true.

C. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion

D. Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion.

1

13

Out of the following choose a short-term source of finance.

A. Trade credit B. Equity shares

C. Public deposits D. Debentures

1

14

Rashika sells only school uniforms in her shop. Name the type of retailer she can be called.

A. General Store

B. Departmental Store

C. Multiple shops

D. Specialty stores

1

15

Sumesh is a manufacturer of cotton sarees. He wants to buy cotton fabric in bulk. The best mode of purchase will be:

A. Purchase by inspection

B. Purchase by description

C. Purchase by sample

D. Both A. and B.

1

16

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

Assertion (A): A Departmental store is a large establishment offering a wide variety of products.

Reason (R): These stores are generally located in a central place in the heart of the city.

Alternatives:

A. Assertion (A) is true but Reason (R) is false.

B. Assertion (A) is false but Reason (R) is true.

C. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion.

D. Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion.

1

17

An auction sale is complete on the

A. Fall of the hammer

B. Delivery of goods

C. Payment of price

D. Both B. and C.

1

18

After sending an invoice, if the seller notices that the goods delivered to the buyer have been undercharged he can rectify his mistake by preparing a

A. Credit note

B. Debit note

C. Letter of advice

D. Letter of regret

1

19

Achintya India Life Insurance Co. Ltd. is a Life insurance company offering a complete range of competitive insurance plans to its customers with prompt and quality customer service. Hira Asset Management Company Pvt. Ltd. is a professional Mutual fund house which manages various mutual fund schemes.

(I) Identify the type of companies referred to in the above case study.

(II) Differentiate between the types of companies identified in part (I) on any two basis.

1

2

20

Kaushal has invested ₹ 1,00,000 in the securities of Kinjal Enterprises Ltd. Due to this investment, he is entitled to the right to vote and to participate in the affairs of the company.

(I) Identify the source of finance that Kinjal Enterprises Ltd has raised through the issue of securities to Kaushal.

(II) State any two disadvantages of using the source of finance identified in part (I)

1

2

21. (A)

21. (B)

Define channels of communication. Name any two types of channels of communication.

OR

Give the meaning of the voicemail system in business. State any two advantages of voicemail.

3

3