Organisation : Council For The Indian School Certificate Examinations
Class : Class XII
Document Type : Specimen Question Paper
Subject : Commerce
Semester : 1 And 2
Year : 2022
Website : https://cisce.org/publications.aspx
ICSE Class XII Commerce Question Paper
Council For The Indian School Certificate Examinations (ICSE) Class XII Commerce Specimen Question Papers Semester 1 and 2 for the year 2022.
Related / Similar Question Paper : ICSE Class XII Accounts Question Paper 2022
ICSE Class XII Commerce Questions
Choose the correct option to answer the following questions.
1. Which one of the following is not a feature of business environment?
(a) Uncertainty
(b) Interdependence
(c) Complexity
(d) Stability
2. Under which environmental effect were IBM and Coca Cola, forced to leave India?
(a) Political environment
(b) Legal environment
(c) Economic environment
(d) Social environment
3. With the introduction of photostat machines in the market, carbon paper industry was adversely affected. Which dimension of business environment is involved in this case?
(a) Economic
(b) Political
(c) Technological
(d) Social
4. Which of the following is an inherent limitation of the firm?
(a) Increasing competition.
(b) Political corruption.
(c) Inexperienced staff.
(d) Changes in fiscal policy.
5. The process of retaining a part of net profits over years and reinvesting the same is
(a) Public deposits
(b) Retained earnings
(c) Factoring
(d) Capitalization of reserves
6. A company can raise fixed capital in the form of
(a) Equity shares
(b) Cash credit
(c) Discounting a bill of exchange
(d) Bank overdraft
7. Working capital has two concepts, gross and
(a) Zero
(b) Net
(c) Cumulative
(d) Outstanding
8. Capital needed at the commencement of business is
(a) Temporary working capital
(b) Permanent working capital
(c) Seasonal working capital
(d) Initial working capital
9. The capital which changes its form is termed as
(a) Working capital
(b) Fixed Capital
(c) Seasonal capital
(d) Special capital
10. Which card issued by the bank does not enjoy a credit facility
(a) Debit card
(b) Cash credit
(c) Credit card
(d) Kisan card
11. The full form of ATM is
(a) Automated teller Machine
(b) Automatic teller Machine
(c) All India teller Machine
(d) Automatic Toll Machinery
12. Bearer Debentures
(a) Can be converted into equity shares.
(b) Cannot be converted into equity shares.
(c) Cannot be transferred without notice to the company
(d) Can be transferred by mere delivery.
13. Which of the following types of plan does not allow for any flexibility or discretion?
(a) Rule
(b) Policy
(c) Strategy
(d) Procedure
14. Planning requires logical and systematic thinking rather than guesswork or wishful thinking. Which feature of Planning is highlighted in the above case?
(a) Planning focuses on achieving objectives.
(b) Planning is a mental exercise.
(c) Planning is the primary function of management.
(d) Planning is pervasive.
15. Which principle of management states that every Subordinate should receive orders from and be accountable for only one superior?
(i) Unity of direction
(ii) Unity of command
(iii) Centralisation
(iv) Scalar chain
16. The principle of ‘Esprit De corps’ means
(a) Unity is strength
(b) Service is our motto
(c) Buyer beware
(d) Product is our strength
17. Which principle of management states that there should be a place for everything and everything be in its place?
(a) Equity
(b) Discipline
(c) Order
(d) Esprit de corps
18. Which of the following statements is not true with reference to Planning?
(a) Planning is a prerequisite for controlling.
(b) Planning does not lead to rigidity.
(c) Planning enables a manager to look ahead and anticipate changes.
(d) Planning facilitates co-ordination among departments and individuals in the organisation.
19. Management as a science is
(a) A systematized body of knowledge.
(b) Perfection through practice.
(c) Multidisciplinary.
(d) Integrating force.
20. The following is not a type of Plan
(a) Policy
(b) Procedure
(c) Budget
(d) Values of an organization
Download ICSE Class XII Commerce Question Paper
Download ICSE Commerce Semester – 1 Class XII Question Paper Here :
https://www.pdfquestion.in/uploads/pdf2022/2com2sem1.pdf
Download ICSE Commerce Semester – 2 Class XII Question Paper Here :
https://www.pdfquestion.in/uploads/pdf2022/2com2sem2.pdf