www.Padasalai.

Net
1

ALL PUBLIC QUESIONS

COMMERCE
Class: XII-Std

ORGANISATION

I. Short Questions: (4 marks)

1. Define organization. (March2006, Oct2006, June2007, Oct2007, June2008,
June2009, March2011, Oct2011, March2012, June2013)
2. What is scalar principle? (March2007, Oct2008, Oct2009, March2010,Oct2013)
3. What do you mean by co-ordination? (March2007,June2013)
4. What is sole trading business?
5. Explain the term partnership
6. Who is a KARTA? (Oct2006, June2007, March2009, March2011,March2012,
June2012,Oct2012, March2013)
7. What do you understand by co-operation? (March2006, Oct2008)
8. What is public corporation? (June2010, June2011)
9. State the meaning of Board organization. (June2007, March2008, June2009,
June2010, Oct2010, June2011, Oct2013)
10. Give five examples of Multinational companies. (March2008, March2010,
Oct2012,March2013)
11. What is Span of control? (June2006, Oct2009)
12. Explain the principles of responsibility? (June2006)
13. What do you understand by Multi National Company? (Oct2007, June2008)
14. What is Unity of command? (March2009, June2012)
15. What do you mean by Joint Hindu family? (Oct2010)
16. What is meant by Delegation of authority? (Oct2011)

II. Paragraph Questions: (8 marks)

1. Write short notes on Joint hindu family business. (March2006, June2006, March2008,
June2008, June2009, Oct2009, March2010,Oct2011,March2012 Oct2012,
March2013, Oct2013)
2. Explain any two types of individualistic institutions. (June2010,June2011)
3. Does partnership remove all the defects of sole proprietorship?
4. On what reasons study of organisation is important? (Oct2008, June2013)
5. Write short notes on (a) Span of control (b) Flexibility. (Oct2007)
6. What do you understand by MNC and features? Give examples. (Oct2006, March2009,
Oct2010, March2011)
7. Explain the following: (a) Delegation of authority (b) Scalar principle.

III. Essay Type Questions: (20 marks)

1. Explain briefly the principles of organisation.(March2006, Oct2006, Oct2007,
June2008, June2009, March2010, Oct2010, March2011,June2011, June2012,
Oct2012, March2013, Oct2013)
2. Describe the various types of business organisation. (March2007, June2007,
March2008, March2009, Oct2009,Oct2011,March2012, June2013)
3. What do you understand by multinational companies and explain its features.
(Oct2006, Oct2008, June2010)

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
2

SOLE TRADER

I. Short Questions: (4 marks)

1. State the various kinds- of non-corporate enterprises. (June2007, Oct2013)
2. What is a sole proprietorship business? (March2006, June2008, March2010,
June2011,Oct2011)
3. Define sole trader. (June2006, Oct2006, Oct2007, Oct2008, March2009,
March2011, June2012)
4. What is unlimited liability? (March2007, March2008, Oct2008, June2009, Oct2009,
June2010, Oct2012, March2013)
5. State the business which are most suitable for sole proprietorship. (Oct2010,
June2013)
6. Explain the liability of a Sole trader? (March2012)

III. Essay Type Questions: (20 marks)

1. Explain the main characteristics of sole trading form of organisation. (June2006,
March2008, March2010, Oct2012, March2013)
2. Discuss the merits and demerits of sole trading form of business. (March2006,
June2007, June2008, Oct2008, June2009, March2011,March2012)
3. Explain the role of soletrading concern in the society. (Oct2006, March2009,
June2010, Oct2010,Oct2011, Oct2013)
4. One man control is the best in the world provided that one man is big enough to take
care of everything Discuss. (March2007, Oct2009,June2011)
5. Explain any ten merits of soletradership. (June2012, June2013)

PARTNERSHIP

I. Short Questions: (4 marks)

1. Define Partnership. (June2009,March2012)
2. What are the minimum and maximum number of members in the partnership firm?
(March2009)
3. What is the relationship that exits among partners? (March2008,Oct2011)
4. Who is a dormant partner? (June2006,March2007,Oct2009,March2010, Oct2013)
5. What is limited partnership? (March2006, June2007, Oct2010, March2011,
June2012, Oct2012)
6. What is a partnership deed? (June2006, June2009, March2013, Oct2013)
7. Define implied authority of a partner. (Oct2006, June2008, March2011,June2011,
Oct2012, June2013)
8. What is joint and several liability? (March2007, Oct2007, Oct2008, Oct2009,
March2010, June2010,June2011)
9. Who is a minor? Can a minor become a partner? (Oct2011)
10. Bring out the difference between dissolution of partnership and dissolution of
partnership firm. (June2007, Oct2007, June2010, Oct2010,March2012)
11. Who is a Nominal partner? (March2006, March2008, March2009, June2012)
12. Under what circumstances does court can order dissolution of partnership. (Oct2006,
June2008)
13. Write short notes on Joint venture. (Oct2008)
14. Mention any Four kinds of partners. (March2013)
15. Who is partner by estoppel? (June2013)

II. Paragraph Questions: (8 marks)

1. Explain the position of minor in the partnership firm. (Oct2008, June2009, March2012)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
3

2. Explain the procedure for registration of a partnership firm.(June2011)

3. What are the drawbacks of non-registration of partnership firm? (June2006,
March2007, March2009, Oct2009,Oct2011, June2013)
4. What are the contents of partnership deed? (March2006, Oct2006, June2007,
March2008, June2008, March2010, March2011, Oct2012, Oct2013)
5. Describe the various kinds of partners. (June2010, Oct2010)
6. Explain Partners by Estoppel and partner by Holding out. (Oct2007)
7. Explain any eight rights of partners. (June2012)
8. Explain: (a) Partnership at will (b) Nominal partner.

III. Essay Type Questions: (20 marks)

1. Explain the basic features of partnership. (June2007, Oct2007, March2010)
2. What are the advantages and disadvantages of partnership firm? (June2009,Oct2011)
3. Explain the rights and duties of partners. (June2006, Oct2009, Oct2010, March2011,
March2013)
4. What are the circumstances under which a partnership firm is dissolved? (March2006,
March2007, March2008, June2008, March2009,March2012, June2012, Oct2012,
June2013)
5. Compare and contrast a partnership with a sole proprietorship. (Oct2006, June2007,
Oct2008, June2010,June2011)
6. Explain any ten merits of partnership. (Oct2013)

JOINT STOCK COMPANY - 1

I. Short Questions: (4 marks)

1. Define a private limited company. (June2007, June2009, Oct2010)
2. What is a guarantee company ? (Oct2012, June2013)
3. What do you mean by a Government company ? (March2008, June2012)
4. What is stated in the situation clause in a memorandum ?
5. What does the Articles of Association deal with? (Oct2007)
6. For what reasons are shares forfeited ?
7. What is the consequence of not receiving minimum subscription ? (March2007,
Oct2008, Oct2009, June2010)
8. Define debentures. (June2006, March2009, Oct2009, March2011)
9. What is limited liability ? (Oct2011)
10. What is share premium? (March2006, March2008, March2010, June2012, Oct2012,
March2013, Oct2013)
11. Mention the documents to be filed for getting the certificate of incorporation.
(Oct2008, Oct2010)
12. Mention the documents to be filed for getting certificate to commence business after
incorporation . (March2007)
13. What is cumulative preference share? (March2011,March2012)
14. What is meant by perpetual succession? (Oct2006, June2008, June2010, March2013)
15. What do you understand by redeemable debentures? (March2006, June2008,
June2013)
16. What do you mean by issue of shares at a discount? (March2007, June2011,
March2012)
17. What is the significance of the common seal of the company? (June2011, Oct2013)
18. What is redeemable preference shares ? (Oct2011)
19. What are you mean by a foreign company ? (June2007, March2009, June2009,
March2010)
20. What do you mean by calls in advance ?
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
4

21. What do you understand by Promotion of company ?

22. What is meant by Reissue of Forfeited shares ?
23. What is Prospectus? (June2006)
24. What are Secured debentures? (Oct2006)
25. Define a Holding company. (Oct2007)
26. What is Statement in lieu of Prospectus? (March2008)

II. Paragraph Questions: (8 marks)

1. Briefly explain the features of the company form of organization. (June2008, June2009,
June2013)
2. Write a note on Guarantee company. (March2008)
3. What do you understand by Holding and Subsidiary Companies ? (June2006)
4. Briefly state the documents to be filed for getting certificate of incorporation.
(Oct2012)
5. Briefly explain the documents to be filed for getting a certificate to commence business.
(June2007)
6. What is Memorandum of Association? What are its contents ? (March2007, Oct2008,
June2009, Oct2009, March2011,Oct2011,March2012, March2013, Oct2013)
7. State briefly the contents of Articles of Association. (March2006,June2011, Oct2013)
8. Write an explanatory note on Redeemable Preference Shares. (March2010)
9. What are the points to be considered while allotting shares ?
10. Write a note on Irregular Allotment. (March2007,Oct2011,March2012)
11. What are the essential conditions of forfeiture of shares ? (Oct2008,June2011,
June2013)
12. What are the conditions for issuing shares at a discount ? (March2009, March2010,
June2010, Oct2010, Oct2012)
13. Write any eight differences between a company and a partnership. (March2009)
14. Discuss briefly the privileges of a Private limited companies. (June2006, Oct2006,
March2008, Oct2009, March2011, June2012)
15. Write short notes on: (March2007)
(a) Issue of shares at discount (b) Issue of shares at premium
16. Write short notes on: (June2006)
(a) Holding & subsidiary company (b) Foreign company.
17. Bring eight differences between Company and Partnership. (March2006)
18. Distinguish between Memorandum of Association and Articles of Association. (Oct2010,
June2012)
19. Mention any eight difference between Public limited company and Private limited
company. (March2013)

III. Essay Type Questions: (20 marks)

1. Discuss the merits and demerits of company form of organisation. (Oct2007
2. Bring out the distinction between a company and a partnership. (March2006,
June2008, March2009, Oct2012, March2013)
3. Discuss briefly the different kinds of companies. (Oct2008, June2009)
4. Discuss briefly the privileges of a private limited company. (March2007)
5. Explain briefly the procedures to be followed for forming a public limited company.
(March2007)
6. What is prospectus ? State its contents.
7. Explain the different types of shares. (Oct2009)
8. Explain the different types of debentures. (June2007)

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
5

9. Distinguish between shares and debentures. (March2006, June2006, Oct2007,

March2008, June2008, March2010, June2010, Oct2010, March2011, June2011,
Oct2011, June2012, Oct2013)
10. Difference between Public limited company and Private limited company.
(March2009,March2012, June2013)

JOINT STOCK COMPANY 2

I. Short Questions: (4 marks)

1. Mention the methods in which directors are appointed.(Oct2006, June2007,
June2008,Oct2011)
2. What is a statutory meeting? (June2006, June2008, June2011, March2012, Oct2012,
Oct2013)
3. What is statutory report? (March2006, March2008, June2010,June2011)
4. When is Extraordinary General Meeting convened ?(March2011)
5. Who can convene Extraordinary General Meeting ? (March2007, Oct2007, June2012)
6. What is proxy? (March2009, Oct2010, June2013)
7. What do you mean by quorum? (March2013)
8. What is an agenda? (June2007)
9. What is Minutes? (March2006, June2006, Oct2009, March2010, March2011,
Oct2013)
10. What usual business is done at an Annual General Meeting?(oct2007,
June2010,Oct2011, March2013)
11. Is there any special qualification prescribed for a company director?
12. Who is an alternate director? (March2007, Oct2008, Oct2009, Oct2010, March2012)
13. What is meant by resolutions requiring special notice? (June2013)
14. What is a special resolution? (March2008, March2009)
15. What do you mean by poll? (Oct2012)
16. How is the voting right in a company exercised ? (June2009)
17. Write a short note on Managerial Remuneration. (Oct2006, June2008)
18. Write a short note on Annual General Meeting. (March2010)
19. Who is an Alternate director? (June2012)

II. Paragraph Questions: (8 marks)

1. Explain the position of a director in a company. (Oct2009)
2. What are the disqualifications for a director? (June2011)
3. How are directors appointed in a public limited company ? (March2006, June2006,
March2008, March2010,March2012, March2013)
4. State the circumstances in which a director can be removed? (June2010)
5. State the circumstances in which a director vacates his office.
6. Write an explanatory note on Managing director
7. Write an explanatory note on Manager
8. State the differences between Managing director and Manager
9. Write a short note on Managerial Remuneration. (Oct2011))
10. What are the requisites of a valid meeting? (March2009)
11. Enumerate the contents of a statutory report.(June2007, Oct2007, June2009,
March2011, June2012, June2013, Oct2013)
12. Write notes on Extraordinary General Meeting. (Oct2008)
13. Write notes on Annual General Meeting. (Oct2012)
14. Explain the Statutory duties of a director. (Oct2006)
15. Write a short notes on (a) Statutory meeting. (b) Government company. (Oct2006)
16. What is a Special resolution? State items requiring special resolution. (Oct2010)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
6

III. Essay Type Questions: (20 marks)

1. Discuss the powers of directors and restrictions placed on them.(Oct2006, June2007,
Oct2007, March2009, Oct2009)
2. Briefly explain the functions and duties of directors. (Oct2008, June2009,June2011)
3. Bring out the significant role of a company secretary.
4. Discuss the functions and duties of a company secretary. (March2006, June2006,
March2007, March2008, June2008, March2010, Oct2010, March2011,Oct2011,
March2012, Oct2013)
5. What is a statutory meeting? List out the contents of a statutory report. (Oct2006)
6. Write explanatory notes on
a) Annual General Meeting b) Board Meeting c) Extraordinary General Meeting
7. Discuss the different types of resolutions that can be passed in the meetings of a public
limited company and the business transacted in each category.
8. Write explanatory notes on: (Oct2006, Oct2007, June2008, June2010)
a) Proxy b) Quorum c) Minutes d) Agenda e) Voting & Polling
9. What are the powers and duties of Directors? (June2012, Oct2012, June2013)
10. Write explanatory notes on:
(a) Statutory meeting (b) Minutes
(c) Special resolution (d) Managerial Remuneration (March2013)

STOCK EXCHANGE

I. Short Questions: (4 marks)

1. What is a security? (June2006, March2009, March2010, June2012)
2. How can we classify securities market?
3. What do you mean by public issues?
4. What is private placement?
5. What is underwriting? (March2007, Oct2008,June2011, Oct2013)
6. What is prospectus? (June2009)
7. What is share application?
8. What is share allotment?
9. What is minimum subscription?
10. What is a secondary market? (June2011,Oct2011,March2012)
11. Define a stock exchange. (March2006, March2008, June2008, Oct2012, Oct2013)
12. What is listing? (June2007, June2008, March2010, June2010, June2012)
13. What are the advantages of listing? (Oct2010)
14. Classify the listed securities.
15. What do you mean by ready delivery contracts? (March2006,March2007, Oct2008)
16. What are forward delivery contracts?
17. What are the limitations of stock exchange?
18. Who is a speculator? (March2009,Oct2011)
19. Who is an investor? (June2009)
20. What is speculation? (Oct2007, March2013)
21. What is the difference between speculation and Gambling? (June2013)
22. Who is a jobber?
23. Who is a broker?
24. Which non-members can act in stock exchange?
25. Who is called a Lame duck? (Oct2006,June2007,Oct2010,March2011,June2013)
26. What is SEBI?
27. What is OTCEI? (March2011)
28. Define mutual funds.(March2012)
29. What is BOLT? (June2006, March2008, Oct2009, June2010, Oct2012, March2013)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
7

30. What are the achievements of BOLT? (Oct2007)

31. What is Primary market? (Oct2009)
32. State the objectives of SEBI. (Oct2010)

II. Paragraph Questions: (8 marks)

1. Describe securities market.
2. What are the methods of new issue of shares ?
3. Explain the procedure for listing of securities. (March2011, June2013)
4. Differentiate between Investors and speculators. (March2006, June2006, Oct2006,
March2007, June2007, March2008, June2008, Oct2009, June2010,March2012,
Oct2012, March2013, Oct2013)
5. Who are the operators at a stock exchange ? (March2009)
6. Explain the different kinds of speculators. (March2008, March2010)
7. Explain how BOLT works, and the strengths of BOLT. (oct2006, March2007, Oct2011)
8. What is Listing? State its advantages. (Oct2007)
9. Explain Mutual Funds. And its advantages. (Oct2008, Oct2009, Oct2010,June2011)
10. What are the characteristics of stock exchange? (June2012)

III. Essay Type Questions: (20 marks)

1. How are new issues floated in the primary market. Also explain the procedure for the
new issues?
2. Define Stock Exchange. Explain its characteristics and functions. (June2009,
March2010,June2011)
3. Describe the procedure for trading in a stock exchange.(March2011, June2013)
4. What are the benefits and limitation of a stock exchange ? (March2006, June2006,
Oct2006, March2007, June2007, March2008, June2008, Oct2009,
Oct2010,Oct2011, June2012, March2013)
5. Explain the objectives, features, functions and powers of SEBI. (Oct2007, Oct2008,
March2009, June2010,March2012, Oct2012, Oct2013)

CO-OPERATIVES

I. Short Questions: (4 marks)

1. Define Co-operation? (March2006, Oct2007, March2008, March2009, March2010,
Oct2010, June2012, Oct2013)
2. Who are Rochdale pioneers? (June2006, March2007, Oct2008, March2009,
Oct2009,March2012, Oct2012, June2013)
3. What is meant by one man one vote? (March2006, March2008, June2008, June2009,
March2010, June2010,Oct2011, June2012, March2013)
4. What is the significance of self help and mutual help? (June2007, Oct2007)
5. What are the aims of credit co-operative society? (March2011)
6. Explain the meaning of Consumer Co-operatives? (Oct2011, June2013)
7. Give example of Co-operative super markets in Tamil Nadu? (March2011,March2012,
March2013)
8. What are the aims of Co-operative societies? (Oct2006, June2008)
9. What do you understand by marketing co-operative?
10. What is agricultural credit society?
11. What is a co-operative warehouse?
12. Mention any four features of co-operative society? (Oct2006,June2011)
13. What is a non-agricultural non-credit society? (March2007)
14. What is Patronage Dividend? (June2006, June2007, June2009, Oct2009, June2010,
Oct2010,June2011, Oct2012, Oct2013)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
8

15. Define Co-operative super market?

16. What is Agriculture non-credit society. (Oct2008)

II. Paragraph Questions: (8 marks)

1. Explain the types of agricultural credit societies.
2. Briefly explain the demerits of co-operative societies. (March2006, Oct2006,
March2007, June2008, Oct2008, March2009, March2010, June2010,
Oct2010,June2011, Oct2012, Oct2013)
3. What are the steps involved in forming a co-operative society?(March2011)
4. State the meaning of super market and explain its features. (June2006, June2007,
Oct2007, March2008, June2009, Oct2009,March2012, June2013)
5. Write any eight differences between a Joint stock company and Cooperatives society.
(Oct2011)
6. Explain any five merits and three demerits of supermarket. (June2012)

III. Essay Type Questions: (20 marks)

1. Explain clearly the important features of co-operative organization. (June2007,
Oct2008, March2010, June2010,June2011, Oct2012, March2013)
2. Write the merits and demerits of a co-operative society. (March2006, June2006,
Oct2009,Oct2011,March2012)
3. Distinguish between the joint stock company and co-operative society. (June2006,
Oct2006, March2007, Oct2007, March2008, June2008, March2009, June2009,
March2011, June2012, June2013)
4. Explain any eight types of co-operative societies in detail. (Oct2010, Oct2013)

GOVERNMENT IN BUSINESS

I. Short Questions: (4 marks)

1. What was the role of Government in the past?
2. What necessitated Governments to intervene in industrial sector? (March2011)
3. Define state enterprises? (March2007, Oct2008, June2010, Oct2010, March2011,
Oct2012)
4. How can we establish state enterprises? (March2006, June2006, Oct2007, Oct2011,
March2012, June2013)
5. How does the state enterprises bring in balanced economic growth?
6. What factors govern the choice of a particular form of organization for an industry?
7. Why departmental organisation is suitable for defence industries? (June2006, Oct2007,
Oct2009, Oct2012)
8. Explain the management of public corporation? (March2010,June2011,Oct2011,
Oct2013)
9. Define a Government company. (June2009, March2010, June2010,March2012,
March2013, Oct2013)
10. Give any four examples of Public corporation. (March2006, June2007, June2008,
June2009,June2011, June2012)
11. What is Nationalisation. (March2008, June2012, March2013)
12. Write the four forms of Government institutions. (Oct2006, March2009)
13. Write the demerits of Departmental form of organization. (Oct2006, June2008)
14. Give four examples for Departmental undertakings. (March2007, Oct2008, Oct2009,
June2013)
15. Write any four differences between Private sector and Public sector. (March2009)
16. What is Public corporation. (Oct2010,)

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com
 www.Padasalai.Net
9

II. Paragraph Questions: (8 marks)

1. State the features of the departmental form of state enterprises. (June2007)
2. What are the features of a public corporation? (June2008, Oct2008, June2009,
March2011, March2013)
3. Explain the features of a Government companies. (March2006, June2006, Oct2007,
March2009,June2011,Oct2011,March2012, Oct2013)
4. What are the differences between public and private sector? (June2006, March2007,
June2007, March2008, Oct2009, June2010, Oct2010, Oct2012, June2013)
5. Explain any four objectives of State enterprises.( June2012)

III. Essay Type Questions: (20 marks)

1. Explain the objectives of state enterprises. (March2006, March2007, June2007,
Oct2007, March2008, June2008, June2010,March2012, March2013, Oct2013)
2. Discuss the features, merits and demerits of the Departmental organisations.
(March2009, June2009, Oct2009, March2010, March2011,Oct2011 June2013)
3. Discuss the features, merits and demerits of a Public corporation. (Oct2006,
Oct2010,June2011)
4. Discuss the features, merits and demerits of Govt. company. (Oct2008, June2012,
Oct2012)
5. What are the differences between Public and Private sector. (March2008, Oct2009,
March2010)

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
R.RAMESH,B.A(Eng).,M.Com.,B.Ed.,M.Phil.,PGDCA., Commerce Department Trinity Academy, Namakkal
97860-08115

www.TrbTnpsc.com