Mount St Marys School, Delhi Cantt

Holiday Homework
Class XII (2014-15)

ENGLISH

1. Write a letter to the Government Tourist Officer of your state asking him / her to send you information
about places of tourist interest that you and your friends have decided to visit for a week. Ask him / her to
provide information about hotels / accommodation and modes of transport available as well as other relevant
information.

2. While the internet is a great communication tool, it is also the most abused tool. Write a letter to the editor
of a local daily about your views on the need to monitor and guide students on the use of the internet. You are
Vipin, student of Class XII, Xavier Institute, Bangalore.

3. Max Financial Company, New Delhi has an advertisement in The Times of India, for recruitment of manager
to their company. Apply for the same, giving your detailed bio-data/ curriculum vitae. Give relevant details.
You are Aman, 54 A Shalimar Bagh, New Delhi.

4. Write a book review, in 150 - 200 words, on The Invisible Man by H.G Wells.
5. Make a list of at least 50 phrases / vocabulary and write their meanings.


PHYSICS
1. Make a power point presentation on the topic: Magnetic Effects of electric current (Minimum ten slides).
2. Make a report on the topic: Communication Systems.

BIOLOGY
Complete the practical file and do biology project and complete your Powerpoint presentation.

MATH

NOTE: Make a test file. Revise the topics given below and then attempt the set of questions
based on them.

TEST No.: 1
TOPIC: MATRICES
TIME: 1hr 15min
Q1 If A =*


+ and B = *


+ , verify (AB)
1
= B
1
A
1
.
Q2 Solve using matrices:
3x 2y + z = 5 ; x + y z = 5 ; 2x + 3z = 15
3x + 2y 2z = 3 ; x + 2y 3z = 6; 2x y + z = 2
2x +3y +3z =5 ; x 2y + z = 4 ; 3x y 2z = 3
Q3 Split matrix [



] in two matrices, one of which is symmetric and other is skew
symmetric.
Q4 If A = *


+ and then verify

- 5A + 7I = 0, hence find

.
Q5 Find the inverse of A = [



] , using elementary row transformation.
Q6 If A' = *


+ , B = *


+ then find (A +2B)'.
Q7 If A = *


+ , verify that (A
2
)' = (A')
2
.
Q8 If A' = [



] and B = *


+ then verify that
(i) (A + B)' = A' + B' (ii) (A B)' = A' - B'
Q9 For the matrix A = *


+, verify that
(i) (A + A') is a symmetric matrix. (ii) (A A') is skew symmetric matrix.
Q10 Using elementary column transformations, find the inverse of the following matrices:
(i)*


+ (ii)*


+
Q11 Find the matrix P satisfying the matrix equation , *


+ P *


+ = *


+



TEST No. 2
TOPIC: DETERMINANTS
TIME:1hr
Q1 Prove , using the properties of determinants( atleast two)
() |

| = (a b)(b c)(c a) () |



|=

( )

() |

| = abc x , Find `x'? () |

| = (

)

() |



| =

() |



| =


() |

| = ( )

TEST No. 3
TOPIC : INVERSE TRIGONOMETRIC FUNCTIONS
TIME:1hr

Q1 Draw the graph of

, mark the principal value branch.

Q2 Find the principal values of
(i)

) (ii)

) (iii)

()
Q3 Prove that

)
Q4 Find the value of

).
Q5 Prove that :

)
Q6 Prove : (

)
Q7 Simplify

+
Q8 Prove the following:
(i)

(ii)

(iii)

)
Q9 Solve each of the following for x:
(i)

(ii)

Q10 Prove that :

(


)

TEST No.4
TOPIC: DIFFERENTIATION
TIME:1hr
Q1 Find

, if

Q2 Find the derivative of .
Q3 If

= y, then find

Q4 If y =

then find

Q5 Find the derivative of : y =

Q6 Find the derivative of the following:
(i)

(ii)

(iii) (

)
Q7 If y = (

, prove that (

) (

.




TEST NO. 5
TOPIC : LINEAR PROGRAMMING
Time: 30 min
Q1 A dietician wishes to mix together two kinds of food X and Y in such a way that the mixture
contains atleast 10 units of vitamin A, 12 units of vitamin B and 8 units of vitamin C.
The vitamin contents of 1 kg food is given below :
Food Vitamin A Vitamin B Vitamin C
X 1 2 3
Y 2 2 1

Q2 A dealer wishes to purchase a number of fans and sewing machines. He has only Rs 57600
to invest and has space for atmost 20 items. A fan costs him Rs 3600 and a sewing machine
Rs 2400. His expectation is that he can sell a fan at a profit of Rs 220 and a sewing machine
at a profit of Rs 180. Assuming that he can sell all the items that he buys. Using linear
programming formulate the problem for maximum profit and solve it graphically.

Q3 If a young man rides his motor cycle at Rs 50 km per hour , he has to spend Rs 4 per
kilometre on petrol ; if he rides at a faster speed of 80 km per hour, the petrol cost
increases to Rs 10 per kilometre. He has Rs 200 to spend on petrol and wishes to find the
maximum distance he can travel within one hour. Express this as a linear programming and
then solve it
.
Q4 A factory owner purchases two types of machines, A and B, for his factory. The
requirements and limitations for the machines are as follows :
Machine Area occupied by Labour force for Daily output( in
the machine each machine units )
A 1000 sq.m 12 men 60
B 1200 sq.m 8 men 40
He has an area of 9000 sq.m available and 72 skilled men who can operate the machines.
How many machines of each type should he buy to maximize the daily output?

Q5 A man has Rs 3000 for purchase of rice and wheat. A bag of rice and a bag of wheat cost Rs
360 and Rs 240 respectively. He has storage capacity of 20 bags only. He earns a profit of
Rs 22 and Rs 18 per bag of rice and wheat respectively. Formulate an L.P.P. to maximise
the profits and solve it.

Practice 5 questions everyday in the Practice Notebook date-wise.

BUSINESS STUDIES

Select a product (as done in Class 11) and prepare a questionnaire based on it to collect data from prospective
customers and analyze the data collected in form of graphs/ pie charts to show a report of market survey
done. One blank copy and twenty filled in copies of questionnaires to be attached.

ECONOMICS

Mount St Mary School
Practice Paper (for summer break 2014-15)
Economics
Class XII

Time: 3 hrs MM: 100

General Instructions
1. This paper contains 3 printed sides and 32 questions.
2. Marks are indicated against each question.
3. Questions carrying 1 mark are to be answered in one to two sentences.
4. Questions carrying 3 marks should not normally exceed 60 words each.
5. Questions carrying 4 marks should not normally exceed 70 words each.
6. Questions carrying 6 marks should not normally exceed 100 words each.
7. Word limit is not applicable to numerical questions.
------------------------------------------------------------------------------------------------------------
Q.1. Define opportunity cost in Economics. 1

Q.2. What is meant by marginal rate of transformation? 1

Q.3. Define an economic problem. 1

Q.4. Give one exception to law of demand. 1

Q.5. What is a production function? 1

Q.6. What is the difference between short run and long run production function.
1

Q.7. What is the impact of an improvement in labour productivity on an economys PPF?
1

Q.8. Define increase in demand. 1

Q.9. What happens to MPP when TPP increases at a diminishing rate? 1

Q.10. Define elastic demand. 1

Q.11. With the help of a diagram explain the impact on demand of a normal good when income of the
consumer decreases. 3

Q.12. Explain an upward movement along the demand curve? Use a diagram. 3

Q.13. A consumer consumes two goods X and Y. The MRSxy for the consumer is 2. The prices of good X
and Y are Rs. 2 and Rs. 4 respectively. Is the consumer at equilibrium? If not, how is the equilibrium
attained? 3

Q.14. Explain the relationship between TP and MP. Use diagram . 3

Q.15. Distinguish between substitute goods and complementary goods. 3

Q.16. Differentiate between movement along and the shift in the demand curve. 3

Q.17. Explain the problem of what to produce with the help of an example. 3

Q.18. Explain the relationship between total utility and marginal utility using a schedule.
3

Q.19. Explain the law of diminishing marginal utility and compare it with negatively sloping demand curve.
3

Q.20. A consumer buys 20 units of a good at Rs.10 per unit.When the price falls by 10% its demand rises to 22
units. Find the price elasticity of demand. 3

2

Q.21. As a result of a fall in the price of a commodity from Rs 7 per Kg to Rs 5 per Kg, the total expenditure
on it increases from Rs 3500 to Rs 6250. Calculate the price elasticity of demand by the proportionate method.
4

Q.22. Explain the geometric method of measuring elasticity of demand. 4

Q.23. Explain how the nature of the commodity influences its price elasticity of demand?
4

Q.24. The price elasticity of supply of a commodity is 2. When its price falls from Rs 10 to Rs 8 per unit, is
quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price.
4

Q.25. With the help of a diagram explain the relation between AP and MP. 4

Q.26. State and explain the Law of demand with the help of a schedule and diagram. What is meant by other
factors held constant in the law of demand? 4

Q27. Explain the effect of the following on the demand for a commodity by an individual household:
6

a) a rise in the money income of the household

b) a health warning on a product

Q.28. Distinguish between demand curve of a firm and market demand curve. Show diagrammatically
derivation of a market demand curve. 6

Q.29. Explain three properties of indifference curves. 6

Q30. State and explain law of variable proportions to a factor? 6
Q.31. Using a diagram explain the impact of the following on the demand of tea. 6

(a) Rise in price of coffee.

(b) Decrease in the price of sugar.

Q.32. Why is the equilibrium only at the point of tangency between the budget line and an indifference curve?
Explain with the help of a diagram. 6


******************
ACCOUNTANCY

Note: Separate solution to be written by each student of the group. Youre required to do only one project
according to the Group assigned to you.
Project Group 1
Amit & Manit started a business of automobile parts in partnership with a capital of Rs.20,00,000 each. The
business was commenced on 1
st
April 2013 after proper registration with the Partnership Act, 1932 with the
following main terms:
1. Profit sharing ratio to be equal.
2. Interest on capital to be allowed @ 10%p.a.
3. Drawings of the partners to be Rs.50,000 p.a. , subject to the interest of 5% p.a.
They even took a loan of Rs.15,00,000 from bank on the day of starting the business @ 10%p.a. payable in
instalment of 1,50,000 at the end of each year. The business was successfully started with total purchases of
Rs.8,00,000 ( cash basis) and Rs.15,00,000 ( credit basis). Later 2,00,000 worth of creditors issued bills of exchange
which were accepted by them and duly honoured after two months. Also, later in the month of September it was
found that a total material of Rs.75,000 was not upto their requirement specifications and were thereby returned
to the suppliers.
The business was running on a unit owned by Amit for which he was charging a total rental of Rs.15,000 per month
which stands to be paid for 10 months in the year. During the year, they purchase Machinery Rs.5,00,000; Motor
Vehicles for Rs.2,00,000 and Furniture for Rs.50,000 on cheque payment for business purposes. The purchase took
place on 1/10/2013 from when it was decided to depreciate the above 10%p.a. The other expenses were incurred
as follows:
Repairs & Maintainence Rs.24,000 p.a.
Wages & Salary Rs.30,000 p.m.
Electricity Rs.5,000 p.m.
Power & Fuel Rs.10,000 p.m.
Taxes & Insurance Rs.65,000 p.a.
Carriage Rs.20,000 p.a.
Selling & Distribution charges Rs.90,000 p.a.
Miscellaneous charges Rs.31,000 p.a.
The total sales amounted to Rs.50,00,000 ( half cash and half credit basis) . Half of the debtors paid in one month
which was deposited into the bank immediately. A manager was hired by them who was to be given a commission
of 10% on net profits before charging commission. All the receipts and payments were to be handled through bank.
Closing stock was valued at Rs.2,50,000.
You are required to:
a. Pass the Journal entries, prepare the ledger accounts and trial balance.
b. Prepare Final accounts with Profit & Loss appropriation account.

Project Group 2
Mr. Krishnan started a business of retailing unit of footwear with initial capital of Rs.4,00,000 which he deposited in
the bank on the same day i.e. 1
st
April 2013. He rented a showroom with a monthly rental of Rs.20,000 in a prime
market location. He entered into a contract with some top most brands in the market for acting as a retailer for
them for which he got a total stock of Rs.2 ,50,000 ; with a payment of Rs.1,00,000 and a balance on credit. As per
the rental agreement he was to bear electricity expenses independently which amounted to Rs. 70,500 for the
entire year paid through cheque. He generated a total sales of Rs.6,00,000 on 50:50 ( cash and credit basis). The
total sales of Rs.10,000 which were made on credit were not found upto the mark and thereby returned by the
customers. The total expenditure of advertising and dcor came out to be Rs. 1,05,000. Staff was to be given an
annual salary of Rs.2,00,000. Suppliers of 40% credit purchases were issued Bills with two months maturity on 1
st

October 2013, which was honoured on the date of maturity.
Unfortunately there was an embezzlement of cash by an employee of Rs.2,000 which was discovered later in the
month of Jan.2014. The debtors worth Rs.7,500 turned out to be bad and nothing could be recovered from them.
Rs.1,00,000 worth of debtors mage the payment on 15
th
Feb. 2014 which was immediately deposited in bank. The
closing stock was valued at Rs.50,000. The cashier of the business realized at the end that rent for one month stood
outstanding and salary amounting to Rs.22,000 were paid in advance. The additional purchases were made by him
in Feb.2014 for Rs.85,000 through cheque payment which were sold on cash basis immediately for Rs.1,50,000 at a
cash discount of 10% given due to year closing.
You are required to:
a) Pass the journal entries, prepare ledger accounts and trial balance, final accounts.
b) Calculate various profitability and turnover ratios.


Project Group 3
Mr. Narayanan had past savings from his employment of Rs.5,00,000 and also he had Rs.20,00,000 of FDs which he
realized for cash from the bank . Also he got an amount of Rs.20,00,000 from Bajaj Allianz on account of maturity of
term life insurance policy.
Since, he got these funds he decided to invest them and start a business of lights and cables on 1
st
June 2012.
For starting the business he purchased a shop of Rs.15,00,000 along with a Truck for carrier at Rs.2,00,000 and
furniture amounting Rs.50,000. Also he took a loan from bank on 1
st
October 2012 of Rs.5,00,000 @ 10% p.a.
interest.
During the year he had following expenses:
Purchase of material (1/3
rd
on cash) Rs.3,00,000
Telephone expenses Rs.1,000 p.m
Electricity expenses Rs.1,500 p.m
Fuel & Maintainence Rs.12,000
Carriage inward Rs.1,000
Carriage outward Rs.5,000
Wages Rs.3,000 p.m
Signboard Rs.5,000
Miscellaneous charges Rs.15,000
Salary Rs.10,000 p.m

The sales during the year amounted to Rs.15,00,000 half on cash basis and half on credit basis, also the debtors
worth Rs.1,00,000 gave acceptance over a bill of exchange which was discounted with bank at discounting charges
of Rs.5,000.
It was also decided that depreciation was to be charged on Shop @ 10%p.a. on WDV basis and on Truck Z@ 5%p.a.
on WDV basis. Later it was discovered that a total salary of Rs.30,000 was paid in advance for the next year and
Closing Stock was valued at Rs.2,00,000.
You are required to:
a) Pass Journal entries, prepare ledger accounts and trial balance.
b) Trading, Profit& Loss account and Balance Sheet.
c) Comment upon operating efficiency by following standard ratios: CR 2:1, LR 1:1, GP ratio 35%, NP ratio 30%.


Project Group 4
Raman, Naman and Daman started a partnership business on 10
th
April 2013 with a initial capital investment of
Rs.6,00,000; Rs.5,00,000 and Rs.4,00,000.
They were interested in a venture of retail outlet for mobile phones as they considered it having a good market
scope. Each one of them was an expert in Marketing, Purchase, Planning and Finance thereby decided to look after
one area each against which agreed to draw a salary of Rs.40,000 each p.a. which was to be treated as
appropriation of profits. A bank account was opened for business transactions with initial amount of Rs,.1,00,000.
They jointly agreed to rent a shop in prime location at a monthly rent of Rs.10,000 which was coincidentally owned
by Ramans wife, thereby no security deposit was requires. To promote the retail outlet an advertising campaign
was designed comprising of sales promotion activities, internet advertising, etc. which led to ma total expenditure
of Rs.10,00,000.
Also they took a five year term loan from the bank of Rs.10 lakh in April itself which was to be repaid on semi
annual basis in a span of 5 years together with an interest of 10%p.a. The two instalments were paid during the
year in September and March respectively. It was decided that all payments would be made through cheque and
all receipts to be dealt through bank. They purchased mobile phones from leading brands for Rs.30 lakhs ( 70%
credit basis) and sold for Rs.60lakhs ( 20% credit basis) The firm also had an employee base of 5 salesman and
cashier who were being paid a salary of Rs.10,000 per month. During the year a sum of Rs.50,000 was incurred on
renovation of the outlet. Miscellaneous expenses like stationery, refreshment, transportation, etc. in the business
came out to be Rs.80,000 for the year. Creditors were paid 50% of the amount due to them whereas debtors
realized 70% of the due amount. Closing stock was valued worth Rs. 1,00,000. It was also found that a telephone
bill of Rs.20,000 stood unpaid whereas total telephone expenses of Rs.45,000 were Paid .
You are required to:
a) Pass the necessary journal entries, post them to ledger and prepare trial balance.
b) Prepare final accounts and Profit and Loss appropriation account to show distribution of profits.
c) Also they are looking for further loan , what all ratios will be calculated to be presented to the bank for getting the
loan applied and sanctioned.


Project Group 5
Mr. Malhotra started a software business. Foe this purpose he built the floor on his house at a cost of
Rs.40,00,000 and invested a further sum of Rs.30,00,000 in this business. He purchased 20 computers for a
total price of Rs.25,00,000. He deposited the balance amount after the purchase of computers to a bank
account.
Thereafter, he obtained an electricity connection for Rs.20,000 from the Electricity board and a Telephone
connection for Rs.5,000. He decided to deal with all expenses through bank and to deposit the receipts in the
bank on the same day when received.
During the year following expenses were incurred:
Stationery purchased Rs.30,000
Telephone charges Rs.18,000
Electricity charges Rs.25,000
General expenses Rs.20,000
Wages paid Rs.12,000 p.m.
Advertising cost Rs.44,000
He took a bank loan on 30
th
September 2013 for Rs.6,00,000 at an annual interest of 10%p.a. He paid the
interest due on 31
st
March 2014 along with an instalment of Rs.1,00,000 towards the principal amount.
Also , he earned a total revenue of Rs.76,00,000 from sale of software packages to its clients and a software
was delivered by it on credit basis for Rs.2,70,000. In the month of December he withdrew Rs.80,000 for
personal use from his bank account.
You are required to:
a) Journalise the above transactions, post them to the ledger and prepare the trial balance.
b) Prepare the final accounts taking into consideration the following facts:
(i) Salaries amounting to Rs.64,000 were outstanding.
(ii) Depreciate Building by 5% and Computers by 10%.
c) Calculate Profitability Ratios and comment on the efficiency of the business if the norms set for Gross Profit
Ratio and Net Profit ratio in similar type of bsiness enterprise are 55% and 30% respectively.

Project Group 6
Mohan & Sons. Were in a business of selling motor parts. To be on a safer side Mr. Mohan had invested some
money in the share market. Some 2years back in 2010, he brought 5,000 equity shares of Infosys for Rs.9,000
each. Now he decided to sell them in 2012 as the market value of the shares had risen to Rs.12,000 each. He
sold all his shares and made huge profits. With the money he got out of proceedings he decided to start a new
business of book publishing under the name of Bright Publishers on April 1, 2013. For starting the business he
undertook the following:
Shop in Daryaganj for Rs.20,00,000; Godown for Rs.10,00,000; Motor Van for Rs.5,00,000; Computers for
Rs.2,50,000
It is also noted that depreciation on building is to be provided @ 10%p.a. and for Computers @ 25% and for
Van @ 20%. During the year his sales were Rs.80,00,000. He also offered 15% cash discount on sales and paid
10% as royalty on sales. Other expenses were:
Wages paid through cheque Rs.18,000 p.m.
Raw Material through cheque Rs.6,00,000
Electricity expenses Rs.5,000 p.m.
Telephone expenses Rs.2,000 p.m.
Cellphone bill Rs.2,000 p.m.
House Tax Rs.4,000
Miscellaneous charges Rs.10,000
Cartrage paid Rs.25,000
Royalty Rs.40,000
Fuel & Maintainence Rs.50,000
Royalty Rs.8,00,000
Title design Rs.30,000
Closing Stock Rs.7,00,000
House tax for two years is prepaid.
Provision for bad debts is made for Rs.20,000
Sundry Creditors were paid Rs.1,00,000 by cheque. A bill of exchange for Rs.50,000 was drawn on debtors,
which was discounted with bank, discounting charges paid Rs.200.
Prepare: (a) Journal, Ledger accounts
(b) Trading, P&L a/c and Balance Sheet
(c) Compare and comment on operating efficiency, if following standard ratios are given: CR 2:1; LR 1:1;
GP Ratio 25%;NP ratio 20%; Inventory Turnover Ratio 10times; ROI 30%.



Project Group 7
Muskan commenced business of selling bicycles on 1
st
April 2013 with a capital of Rs.25lakhs. It entered
into an agreement with Somya Ltd. To sell the bicycles, purchased from them on one month credit basis.
Muskan acquired during the year, following assets for which payments were made through bank: Land
Rs.7,50,000; Building Rs.12,50,000; Office Equipment Rs.1,20,000; Furniture & Fitting Rs.1,30,000.
The bicycles were to be sold on ncash only and the cash proceeds were to be deposited in the bank on the
same day. All expenses except petty expenses were to be paid b bank only. The Petty cashier was given
Rs.5,000 on 1
st
April 2013 under imprest system. The petty cashier would be reimbursed the actual
expenses for the month on the first day of the next month before depositing the sale proceeds of the day.
Purchases Rs.12,40,000
Sales Rs.15,90,000
Salaries Rs.65,000
Advance tax paid Rs.5,400
Electricity expenses Rs.5,400
Telephone expenses Rs.7,600
Advertising expenses Rs.5,900
Opening ceremony expenses Rs.3,000
Petty expenses Rs.16,900
Printing & Stationery Rs.2,000
The following expenses were not yet paid but need to be provided for computing current years income:
Salaries Rs.6,700; Electricity expenses Rs.800; Telephone expenses Rs.300
The cash with petty cashier on 31
st
March 2014 was Rs.1,500. The purchases for the month of March 2014
amounted to Rs.1,00,000. The company paid for purchases as per terms agreed upon. The closing stock as
on March 31
st
, 2014 was Rs.2,90,000. The stock of unused stationery on March 31
st
2014 was Rs.500.
Charge depreciation on building @ 2%. Total tax liability is Rs.6,000.
a. Prepare Trial Balance, Final accounts for the year ended 31
st
March 2014.
b. Determine short term financial position for extending credit policy for the next year.

Project Group 8
On 1
st
April 2013 Pankaj started the business of selling refrigerators with a capital of Rs.30 lakhs. Entire
amount of capital was deposited into the bank after keeping the amount to be given to the petty cashier. On
the same date, he entered into an agreement with L.G Limited to sell the refrigerators, bought from them on
one month credit basis. During the year he purchased following assets making payments through bank:
Building Rs.25 lakh; Office equipment Rs.2 lakh; Furniture Rs.1.5lakh
Refrigerators were to be sold for cash only and the cash proceeds were to be deposited in bank on the same
day. All expenses except petty expenses were to be paid through bank. The petty cashier was given Rs.2,500
on 1
st
April 2013 under the Imprest system. The petty cashier was given Rs.2,500 on 1
st
April 2013 under
Imprest system. The petty cashier would be reimbursed the actual expenses of the month on the first day of
the next month before depositing the sale proceeds of the day.
The following transactions were affected through bank during the year ended 31
st
March 2014:
Purchases Rs.16,90,000
Sales Rs.24,39,000
Salaries Rs.66,000
Advertising expenses Rs.9,400
Telephone expenses Rs.10,200
Electricity expenses Rs.7,600
Printing & Stationery Rs.3,600
Insurance premium Rs.4,000
During the year petty cashier was reimbursed for the expenses incurred by him amounting to Rs.20,300. The
cash with petty cashier on 31
st
March 2014 was Rs.800. The purchases for the month of March 2014
amounted to Rs.1,40,000. L.G. Limited was paid for purchases as per terms agreed upon.
Other information:
a. Salaries have been paid for 11months.
b. Telephone expenses Rs.1,000 and Electricity expenses Rs.800 are yet to be paid.
c. Closing stock on 31.3.2014 was: Refrigerators Rs.3,50,000; Stationery Rs.600
d. Charge depr. On building @4%; Office equipments & Furniture @ 20%.
Prepare Trial Balance as on 31.3.2014 and Final accounts as on that date. L.G Ltd. Wants to know the short
term financial position of Pankaj before extending the agreement on credit policy for the next year.