PAKISTAN SCHOOL System

First Term Examination 2017

Subject: Principles of Commerce Paper: Subjective Max. Marks:40

Class: XI Section: A Date: Time Allowed:1:50 minutes

Name: Roll No.

Note: Answer any nine parts from section B and attempt any two questions from section C.
Use supplementary answer sheet i.e., sheet B if required. Write your answers neatly and
legibly.

SECTION B (36 marks)

Q. 2 Attempt any eight parts. The answer to each question should not exceed 5 to 6 lines.

(8X3 =24)

i. Define Economic and non-Economic Activity?

ii. How a business can serve the society?

iii. Explain the types of primary industry?

iv. Define and explain kinds of home trade?

v. Why is there total independence in soletrader?

vi. State the benefits and drawbacks of a soletrader?

vii. List down the points of partnership deed?

viii. Explain the dissolution of partnership business or firm?

ix. Explain the organizational structure of a joint stock company?

x. What is meant by the common seal of joint stock company?

First Term Examination / 2017 / Subject: Principles of Commerce Pakistan School System

This Question Paper consist of 2 Pages

 SECTION C (Marks: 24)

Note: Attempt any Two questions. All questions carry equal marks. (2X8 =16)

Q1. Define Businessman and explain the characteristics of a successful businessman?

Q.2 Give suggestions to promote the business of a sole trader?

Q.3 Describe the procedure of registration of firm. Also discuss it advantages

First Term Examination / 2017 / Subject: Principles of Commerce Pakistan School System

This Question Paper consist of 2 Pages