Solving ICSE Class 10 Commercial Studies Previous Year Question Papers ICSE Class 10 Commercial Studies Question Paper 2021 Semester 1 is the best way to boost your preparation for the board exams.
ICSE Class 10 Commercial Studies Question Paper 2021 Solved Semester 1
Maximum Marks: 40
Time allowed: One hour
General Instructions
- You will not be allowed to write during the first 10 minutes.
- This time is to be spent in reading the question paper.
- ALL QUESTIONS ARE COMPULSORY.
- The marks intended for questions are given in brackets [].
- Select the correct option for each of the following questions.
Question 1.
The ………. expects the organization to follow the laws of the country, pay taxes honestly etc. [1]
(a) Suppliers
(b) Employees
(c) Government
(d) Competitors
Answer:
(c) Government
Question 2.
Which of the following has these three features : tangible, durable and transferable ? [ 1 ]
(a) Trade
(b) Service
(c) Selling
(d) Product
Answer:
(d) Product
Question 3.
Rent received and commission received are examples of: [1]
(a) Capital Expenditure
(b) Revenue Expenditure
(c) Capital Receipts
(d) Revenue Receipts
Answer:
(d) Revenue Receipts
Question 4.
Any paid form of non-personal presentation or promotion of ideas, goods or services by an identified sponsor is termed as: [1]
(a) Advertising
(b) Publicity
(c) Sales Promotion
(d) Personal Selling
Answer:
(a) Advertising
Question 5.
A misleading label on a product is a violation of which consumer right ? [1]
(a) The Right to Safety
(b) The Right to Choose
(c) The Right to Consumer Education
(d) The Right to be informed
Answer:
(d) The Right to be informed
Question 6.
Which of the following is NOT a benefit of E-Commerce over Traditional Commerce ? [1]
(a) Global market place
(b) Tailor-made product and services
(c) Reduction in cycle time of a transaction
(d) High operating cost
Answer:
(d) High operating cost
Question 7.
Stakeholders who contribute to the business enterprise from outside the organization are known as : [ 1 ]
(a) External Stakeholder
(b) Internal Stakeholder
(c) General Public
(d) Creditors
Answer:
(a) External Stakeholder
Question 8.
……… are people who provide money as loans to a commercial organization. [1]
(a) Suppliers
(b) Creditors
(c) Government
(d) Employees
Answer:
(b) Creditors
Question 9.
……… involves creation of liability and is shown on the liabilities side of the Balance Sheet. [ 1 ]
(a) Capital Expenditure
(b) Revenue Expenditure
(c) Capital Receipts
(d) Revenue Receipts
Answer:
(c) Capital Receipts
Question 10.
Cost of sugarcane in making sugar is an example of …….. cost. [1]
(a) Direct
(b) Variable
(c) Indirect
(d) Semi-variable
Answer:
(a) Direct
Question 11.
……….. is non-repetitive one-time communication that helps to increase immediate sales. [ 1 ]
(a) Advertising
(b) Publicity
(c) E-tailing
(d) Sales Promotion
Answer:
(d) Sales Promotion
Question 12.
……….. means exchanging goods for money and is production oriented. [1]
(a) Sales
(b) Marketing
(c) Pricing
(d) Advertising
Answer:
(a) Sales
Question 13.
……… expenditure is incurred for meeting day to day expenses of business and its benefit is exhausted within the current accounting year. [ 1 ]
(a) Capital
(b) Revenue
(c) Deferred Revenue
(d) Capital Receipts
Answer:
(b) Revenue
Question 14.
CRM in E-commerce stands for: [ 1 ]
(a) Convenient Relationship Management
(b) Customer Relationship Management
(c) Consumer Related Marketing
(d) Chain Related Management
Answer:
(b) Customer Relationship Management
Question 15.
The accounting treatment for Revenue expenditure like rent paid, insurance etc. is : [1]
(a) Income in Trading and Profit and loss account
(b) Expense in Trading and Profit and loss account
(c) Asset in the Balance Sheet
(d) Liability in the Balance Sheet
Answer:
(b) Expense in Trading and Profit and loss account
Question 16.
‘Horse dung is mixed in dhania powder ’ – Which type of Consumer Exploitation is it ? [1]
(a) Overcharging
(b) Under weighing
(c) Adulteration
(d) Misleading Advertising
Answer:
(c) Adulteration
Question 17.
Electronic Retailing represents …………. side of e-commerce. [1]
(a) B2B
(b) B2C
(c) C2C
(d) C2G
Answer:
(b) B2C
Question 18.
Which module of the ERP system helps to manage employee information, salaries and staff payment records etc. ? [ 1 ]
(a) Human Resource Module
(b) Inventory Module
(c) Sales Module
(d) Production Module
Answer:
(a) Human Resource Module
Question 19.
‘Telephone cost’ is an example of ………. cost. [1]
(a) Fixed
(b) Variable
(c) Semi-Variable
(d) Direct
Answer:
(c) Semi-Variable
Question 20.
Individuals who provide physical and mental effort for an organization are known as : [1]
(a) Employers
(b) Employees
(c) Suppliers
(d) Creditors
Answer:
(b) Employees
Question 21.
………. is an expectation of employers. [1]
(a) Safety of loans given by them to the enterprise
(b) Fair and regular return on their capital
(c) Avoid monopoly and concentration of economic power
(d) Respect for intellectual property rights
Answer:
(b) Fair and regular return on their capital
Question 22.
Salary paid to a mill manager is an example of ………. cost. [1]
(a) Direct
(b) Indirect
(c) Fixed
(d) Semi-Variable
Answer:
(b) Indirect
Question 23.
Which of the following is a technique used for Sales Promotion ? [1]
(a) Marketing
(b) Publicity
(c) Exchange Offers
(d) Personal Selling
Answer:
(c) Exchange Offers
Question 24.
……….. is a computer software system used to manage all the resources of an organization. [1]
(a) E-Tailing
(b) E-Marketing
(c) E-advertising
(d) ERP
Answer:
(d) ERP
Question 25.
……….. is an example of Capital Expenditure. [1]
(a) Purchase of a machine
(b) Cleaning and greasing office fans
(c) Goods purchased for resale
(d) Money paid as taxes Answer:
Answer:
(a) Purchase of a machine
Question 26.
…….. is a consumer right. [ 1 ]
(a) Right to Legislation
(b) Right to Trade Practices
(c) Right to Seek Redressal
(d) Right to Equality
Answer:
(c) Right to Seek Redressal
Question 27.
……… is a demerit of advertising. [ 1 ]
(a) Incentive to progress
(b) Introduction of a new product
(c) Misleading the consumer
(d) Generation of employment Answer:
Answer:
(c) Misleading the consumer
Question 28.
…….. cost is activity based. It increases with increase in output. [1]
(a) Fixed
(b) Variable
(c) Semi-Variable
(d) Direct
Answer:
(b) Variable
Question 29.
………. is a meaningful mark for measuring market success or position of the firm in relation to those of the competitors. [1]
(a) Target Rate of Return
(b) Profit Maximization
(c) Market Share
(d) Price Stability
Answer:
(c) Market Share
Question 30.
Setting up measures and rules against attacks on the internet, protection of data and information stored on computers is
known as ……….[ 1 ]
(a) E-Marketing
(b) E-Advertising
(c) E-Tailing
(d) E-Security
Answer :
(d) E-Security
Question 31.
An institution which is an expert at designing advertisements and releasing them through appropriate media is known as ……. [1]
(a) Bank
(b) Stock Exchange
(c) Advertising Agency
(d) Insurance Company
Answer:
(c) Advertising Agency
Question 32.
Heavy advertising expenses, heavy repairs, expenditure to move the business to a more convenient location are examples of …….. [1]
(a) Capital expenditure
(b) Revenue expenditure
(c) Deferred revenue expenditure
(d) Capital receipts
Answer:
(c) Deferred revenue expenditure
Question 33.
……. begins before production and continues even after sale. [1]
(a) Marketing
(b) Selling
(c) Consumption
(d) Distribution
Answer:
(a) Marketing
Question 34.
Insurance, banking, beauty parlour etc. are examples of ……. [1]
(a) Services
(b) Products
(c) Pricing
(d) Technology
Answer:
(a) Services
Question 35.
The ……… module of ERP can be used to track the stock of items using unique serial numbers to trace their current location within the organization. [1]
(a) Sales
(b) Purchase
(c) Human Resource
(d) Inventory
Answer:
(d) Inventory
Question 36.
Costs like Rent, Insurance etc. which do not change in spite of changes in the volume of output are …….. costs. [1]
(a) Direct
(b) Indirect
(c) Fixed
(d) Variable
Answer:
(c) Fixed
Question 37.
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ………..
(a) Employers
(b) Employees
(c) Society
(d) Suppliers
Answer:
(c) Society
Question 38.
Creation of demand, Improving the standard of living, Customer satisfaction are objectives of … [ 1 ]
(a) Selling
(b) Pricing
(c) Marketing
(d) Publicity
Answer:
(c) Marketing
Question 39.
……… refers to advertising about socially relevant issues like Swachch Bharat Abhiyan, Do Gaj Doori Mask Hai Jaroori, Blood Donation etc. [1]
(a) Selling
(b) Sales Promotion
(c) Marketing
(d) Social Advertising
Answer:
(d) Social Advertising
Question 40.
The consumer has the right to be protected against the marketing of goods which are hazardous to life and property.
This comes under the Right to ……… [1]
(a) Safety
(b) Choose
(c) Be Heard
(d) Be Informed
Answer:
(a) Safety