12th HSC Board
Secretarial Practice:
SELECT THE CORRECT OPTION(Q. 1 (A): 1 Mark each: Total 5 Marks)
Course: HSC
Subject : Secretarial Practice
University : 12th HSC Maharashtra State Board
Introduction
This article provides the HSC Secretarial Practice question paper for the 12th HSC Maharashtra State Board examination along with detailed solutions. The solutions are explained step-by-step to help students understand the method used to solve each problem and prepare for their university examination.
Board Exam Paper Pattern :
|
Q. No. |
Questions |
No. of Questions to Attempt |
Marks without Option
|
Marks with Option
|
|
1 |
1. From the following types of
sub-questions ANY FOUR will be asked. (A) Select the Correct Option and
Rewrite the Sentence |
5 |
5 |
5 |
|
|
(B) Match the Pairs |
5 |
5 |
5 |
|
|
(C) Give One Word/Phrase/Term |
5 |
5 |
5 |
|
|
(D) State True or False |
5 |
5 |
5 |
|
|
(E) Find the Odd One |
5 |
5 |
5 |
|
|
(F) Complete the Sentences |
5 |
5 |
5 |
|
|
(G) Select the Correct Option
from the Brackets |
5 |
5 |
5 |
|
|
(H) Answer in One Sentence |
5 |
5 |
5 |
|
|
(1) Correct the Underlined Word
and Rewrite the following Sentence |
5 |
5 |
5 |
|
|
(J) Arrange in Proper Order |
5 |
5 |
5 |
|
2. |
Explain the following
Terms/Concepts |
Any 4 out of 6 |
08 |
12 |
|
3. |
Study the following case/ Situation & Express Your Opinion |
Any 2 out of 3 |
06 |
09 |
|
4. |
Distinguish Between |
Any 3 out of 4 |
12 |
16 |
|
5. |
Answer in Brief |
Any 2 out of 3 |
08 |
12 |
|
6. |
Justify the following Statements |
Any 2 out of 4 |
08 |
16 |
|
7. |
Attempt the following (Letter
Writing) |
Any 2 out of 3 |
10 |
15 |
|
8. |
Attempt the following (Long
Answer) |
Any 1 out of 2 |
08 |
16 |
|
|
Total Marks |
|
80 |
116 |
(Note: In Question No. 7. one letter each from Chapter No. 6, 7 and 8 will be asked)
|
Q. No. |
Questions |
Marks without Option
|
|
1 |
[Q.1 (A): 5
Marks] |
|
|
2 |
Match the Pairs |
[Q.1 (B): 5 Marks] |
|
3 |
[Q.1 (C): 5 Marks] |
|
|
4 |
State True or
False |
[Q.1 (D): 5 Marks] |
|
5 |
Find the Odd One |
[Q.1 (E): 5 Marks] |
|
6 |
Complete the
Sentences |
[Q.1 (F): 5 Marks] |
|
7 |
Select the
Correct Option from Brackets |
[Q.1 (G): 5 Marks] |
|
8 |
Answer in One
Sentence |
[Q.1 (H): 5 Marks] |
|
9 |
Correct the
Underlined Word and Rewrite |
[Q.1 (I): 5 Marks] |
|
10 |
Arrange in
Proper Order |
[Q.1 (J): 5 Marks] |
|
11 |
Explain the
Terms/Concepts |
[Q.2: 8 Marks] |
|
12 |
Study the
Case/Situation and Express Your Opinion |
[Q.3: 6 Marks] |
|
13 |
Distinguish
Between |
[Q.4: 12 Marks] |
|
14 |
Answer in Brief |
[Q.5: 8 Marks] |
|
15 |
Justify the
Statements |
[Q.6: 8 Marks] |
|
16 |
Letter Writing |
[Q.7: 10 Marks] |
|
17 |
Answer the
following (Long Answer) |
[Q.8: 8 Marks] |
Question Set 1
SELECT THE CORRECT OPTION AND REWRITE
Q. Select the correct answer from the options given below and rewrite the sentences: (1 mark each)
Chapter 1: Introduction to Corporate Finance
(1) Finance is the management of __________ affairs of the company. (March "24)
(a) monetary
(b) marketing
(c) production
(2) ________ is related to money and money management. (March '22; July 23)
(a) Projection
(b) Marketing
(c) Finance
(3) _________ refers to the excess of current assets over current liabilities.
(a) Working Capital
(b) Paid-up Capital
(c) Subscribed Capital
(4) Corporation finance deals with the acquisition and use of _________ by business corporation.
(a) goods
(b) capital
(c) land
(5) The sum of all _________ is gross working capital.
(a) expenses
(b) current assets
(c) current liabilities
(6) ........... refers to any kind of fixed assets. (July '22)
(a) Authorised Capital
(b) Issued Capital
(c) Fixed Capital
(7) Manufacturing industries have to invest _________ amount of funds to acquire fixed assets.
(a) huge
(b) less
(c) minimal
(8) Company has to pay ________ to government. (March '23)
(a) taxes
(b) dividend
(c) interest
Chapter 2: Sources of Corporate Finance
(1) _________ is a smallest unit in the total share capital of the company.
(a) Debenture
(b) Bond
(c) Share
(2) _________ are residual claimants against the income or assets of the company.
(a) Bondholders
(b) Equity Shareholders
(c) Debenture holders
(3) __________ shares are issued free of cost to existing equity shareholders. (March '23)
(a) Bonus
(b) Right
(c) Equity
(4) ________ participate in the management of their company.
(a) Preference Shareholders
(b) Depositors
(c) Equity Shareholders
(5) The holder of preference shares has right to receive ________ rate of dividend.
(a) fixed
(b) fluctuating
(c) lower
(6) The holder of _________ preference shares have right to convert their shares into equity shares.
(a) cumulative
(b) convertible
(c) redeemable
(7) Accumulated dividend is paid to ________ Preference shares. (March 22)
(a) redeemable
(b) cumulative
(c) convertible
(8) _________ is an instrument issued by the government business firm as an evidence. (July 23)
(a) Debenture
(b) Bond
(c) Trade credit
(9) Debenture holders are _______ of the company.
(a) creditors
(b) owners
(c) suppliers
(10) The holder of bond is _________ of the company. (July '22; March 25)
(a) secretary
(b) owner
(c) creditor
(11) Convertible debentures are converted into ________ after specific period.
(a) equity shares
(b) deposits
(c) bonds
(12) Retained earnings are ________ source of financing.
(a) internal
(b) external
(c) additional
(13) Debenture holders get fixed rate of ________ as return their investment.
(a) interest
(b) dividend
(c) discount
(14) Company can accept deposits from public, minimum _______ for months. (March 24)
(a) six
(b) nine
(c) twelve
Chapter 3: Issue of Shares
(1) _______ Capital refers to maximum capital a company can raise by issuing shares.
(a) Issued
(b) Authorised
(c) Paid-up
(2) _______ means shares are offered to the public.
(a) Rights Issue
(b) Private Placement
(c) Public Issue
(3) Under _________ Method, issue price of shares is based on bidding.
(a) Book Building
(b) Fixed Price
(c) Bonus Issue
(4) ________ is a proof of title to shares. (March '23)
(a) Share Certificate
(b) Register of Members
(c) Letter of Allotment
(5) Bonus shares are issued free of cost to _________.
(a) existing equity shareholders
(b) existing employees
(c) directors
(6) ________ is offered to existing equity shareholders.
(α) ΙΡΟ
(b) ESOS
(c) Rights Issue
(7) _______ are offered to permanent employees, directors and officers of a company.
(a) Bonus Shares
(b) Rights Issue
(c) ESOS
(8) Voluntarily giving away one's share to another person is called as _______ of shares.
(a) transfer
(b) transmission
(c) surrender
(9) If a share of 100 is issued at 110, it is said to be issued at ________.
(a) par
(b) profit
(c) premium
(10) The gap between two calls should not be less than _________
(a) 14 days
(b) one month
(c) 21 days
(11) Company can _______ shares on non-payment of calls.
(a) forfeit
(b) surrender
(c) allot
Chapter 4: Issue of Debentures
(1) A Company cannot issue ________ with voting rights.
(a) equity shares
(b) debentures
(c) securities
(2) A company can issue ________ convertible debentures. (March '24)
(a) only partly
(b) only fully
(c) partly or fully
(3) ________ protects the interest of debenture holders. (July 22)
(a) Debenture Trustees
(b) Debentureholders
(c) Redemption Reserve
(4) A company issuing __________ debenture must create a charge on the assets of the company.
(a) secured
(b) unsecured
(c) redeemable
(5) Procedure for allotment of Debentures should be completed within _________ from the date of receipt of applications.
(a) 6 months
(b) 3 months
(c) 60 days
(6) Debenture certificate must be issued within ___________ allotment of debentures.
(a) 3 months
(b) 6 months
(c) 60 days
(7) The contract between company and Debenture Trustees of companies is called as ________.
(a) Debenture Trust Deed
(b) Letter of Offer
(c) Prospectus
(8) Money from ________ Account is used for redemption of debentures.
(a) Capital
(b) Debenture Redemption Reserve
(c) Profit or loss
(9) Secured debentures must be redeemed within _________ from the date of its issue. (March 22)
(a) 10 days
(b) 10 years
(c) 15 years
Chapter 5: Deposits
(1) Deposit is a type of _________.
(a) owned capital
(b) short-term loan
(c) long-term loan
(2) Company Issues _________ to invite its members to subscribe for its deposit scheme.
(a) advertisement
(b) circular
(c) newspaper
(3) Company can issue circular or advertisement for inviting deposits after __________ days of filing it with Registrar of Companies.
(a) 30
(b) 21
(c) 7
(4) Charge on assets is to be created when a company issues _______.
(a) unsecured deposit
(b) unsecured debenture
(c) secured deposit
(5) Company has to appoint _________ to protect the interest of depositors. (March '25)
(a) Debenture Trustees
(b) Deposit Trustees
(c) Credit Rating Agency
(6) Private company can accept deposits from its members or Directors up to not more than ________ % of its aggregate of paid-up share capital and free reserves.
(a) 100
(b) 35
(c) 25
(7) A ________ company can accept deposits from public not exceeding 35% of its paid-up share capital and free reserves.
(a) government
(b) private
(c) eligible public
(8) Deposits can be accepted for a minimum period of 6 months and maximum of ________ months. (July '23)
(a) 36
(b) 3
(c) 30
(9) For premature repayment of deposit, company deducts ________ % of interest.
(a) 1
(b) 18
(c) 20
(10) Return of deposit must be filed every year on or before _________.
(a) 30th June
(b) 31st March
(c) 30th April
Chapter 6: Correspondence with Members
(1) Directors are the ________
(a) paid employees of the company
(b) representatives of the shareholders
(c) creditors of the company
(2) Share Certificates should be ready for delivery by the company within ________ months after the allotment shares.
(a) 3
(b) 5
(c) 2
(3) Secretarial correspondence with members should be ________
(a) lengthy
(b) shortcut
(c) prompt and precise
(4) Registered shareholders receive dividend through ________ warrant.
(a) share
(b) debenture
(c) dividend
(5) Dividend is to be paid to the shareholders within _________ from the date of declaration. (March 22)
(a) 30 days
(b) 40 days
(c) 20 days
(6) __________ is issued by the company to its registered shareholders after the declaration of dividend at the Annual General Meeting of the company.
(a) Dividend Warrant
(b) Interest Warrant
(c) Share Warrant
(7) Shares issued free of cost to the shareholders are known _______ Shares.
(a) Preference
(b) Equity
(c) Bonus
(8) Dividend is paid out of _________ of the company.
(a) Capital
(b) Building Fund
(c) Profit
Chapter 7:
Correspondence with Debenture holders
(1) _________ are the creditors of the company.
(a) Shareholders
(b) Debentureholders
(c) Directors
(2) Debenture capital is a ________ capital of a company. (March 23-24)
(a) borrowed
(b) owned
(c) permanent
(3) _________ is an acknowledgement of debt issued by the company under common seal.
(a) Debentures
(b) Shares
(c) Reserve
(4) Borrowed Capital is provided to the company by ________
(a) Equity shareholders
(b) Debenture holders
(c) Preference shareholders
(5) Debenture holders receive _________ Certificate from the company.
(a) Share
(b) Bond
(c) Debenture
(6) The rate of interest payable on debentures is __________. (March '25)
(a) uncertain
(b) floating
(c) fixed
(7) Interest warrants are sent to _________ of the company.
(a) shareholders
(b) debenture holders
(c) owners
(8) Debentures which are repayable after a certain period are called ________ Debentures.
(a) Convertible
(b) Registered
(c) Redeemable
Chapter 8:
Correspondence with Depositors
(1) Depositors are _________ of a company.
(a) members
(b) creditors
(c) debtors
(2) ________ has the power to invite deposits from Public.
(a) Shareholders
(b) Auditors
(c) Board of Directors
(3) Depositors provide _________ capital to the company.
(a) short-term
(b) long-term
(c) medium-term
(4) Public Deposits are accepted to meet the requirement of ________ capital.
(a) fixed
(b) working
(c) owned
(5) The return or income for the investment of money on deposits is called ________.
(a) Dividend
(b) Interest
(c) Discount
(6) Rate of interest on deposits is _________
(a) fixed
(b) fluctuating
(c) moderate
(7) A company cannot accept deposit for less than ________ months.
(a) 6
(b) 3
(c) 5
(8) A company cannot accept deposit for more than _________ months.
(a) 24
(b) 36
(c) 45
Chapter 9: Depository System
(1) Depository Act was passed in _________. (July '23)
(a) 1919
(b) 1996
(c) 1999
(2) India has a _______ depository system. (March '22)
(a) sole
(b) multi
(c) single
(3) Demat shares are ________. (March '25)
(a) non-transferable
(b) fungible
(c) bearer
(4) In Depository System, securities are held in __________ form.
(a) scrip-based
(b) electronic
(c) physical
(5) In physical mode, securities are held in _______ form.
(a) paper
(b) dematerialisation
(c) electronic
(6) ...... is the institute which facilitates electronic holding of securities.
(a) Depository Participant
(b) Issuer
(c) Depository
(7) Risk of losing certificates exists in ________ mode.
(a) physical
(b) dematerialised
(c) digital
(8) _______ is a constituent of depository system.
(a) Government
(b) Issuer
(c) Trust
(9) There is no payment of ________ when securities are demated.
(a) Octroi
(b) Wealth Tax
(c) Stamp Duty
(10) Demat account is opened by ________
(a) Beneficial Owner
(b) CDSL
(c) SEBI
(11) ________ has to pay charges to maintain Demat Account.
(a) Investor
(b) Issuer
(c) Depository
(12) In India, ISIN for corporate securities is allotted by ________.
(a) NSDL
(b) Central Government
(c) State Government
(13) ________ is a unique code given to a security.
(a) IBM
(b) BBM
(c) ISIN
(14) NSDL is promoted by _________
(a) NSE
(b) BSE
(c) FTSE
(15) CDSL is promoted by ________
(a) NSE
(b) BSE
(c) FTSE
Chapter 10: Dividend and Interest
(1) ________ is profit shared by company with a shareholder.
(a) Interest
(b) Rent
(c) Dividend
(2) Dividend is paid to _________
(a) shareholder
(b) debentureholder
(c) depositor
(3) Dividend is recommended by ________ (July '22)
(a) Depositors
(b) Shareholders
(c) Board of Directors
(4) Dividend cannot be declared out of _________
(a) Capital
(b) Profit
(c) Reserves
(5) Final Dividend is declared by ________
(a) Board of Directors
(b) Shareholders
(c) Depositors
(6) Dividend amount should be transferred in a separate Bank Account within _________ days of its declaration.
(a) 5
(b) 15
(c) 50
(7) IEPF is created by transferred by _________ where unpaid dividend is company.
(a) Central Government
(b) Company
(c) Shareholders
(8) Interim Dividend is declared by the _________
(a) Board of Directors
(b) Debentureholders
(c) Depositors
(9) ________ is a return paid to creditors by the company. (March '24)
(a) Dividend
(b) Interest
(c) Rent
(10) Dividend should be paid within _______ days of its declaration.
(a) 3
(b) 13
(c) 30
(11) _________ Warrant is a cheque containing dividend amount sent by company to the shareholders.
(a) Dividend
(b) Share
(c) Interest
(12) _________ is not linked to profits of the company.
(a) Dividend
(b) Interest
(c) Bonus
(13) _______ get dividend from residual profits.
(a) Equity shareholders
(b) Preference shareholders
(c) Debentureholders
Chapter 11: Financial Market
(1) _______ is the market for borrowing and lending long-term capital required by the business enterprises.
(a) Money Market
(b) Capital Market
(c) Gold Market
(2) Money market is a market for lending and borrowing of funds for ________ term. (July 22)
(a) short
(b) medium
(c) long
(3) Central Government is a borrower in the money market through the issue of _________ (March 25)
(a) commercial papers
(b) trade bills
(c) treasury bills
Chapter 12: Stock Exchange
(1) A stock exchange is where stock brokers and traders can buy and sell ________. (July '23)
(a) gold
(b) securities
(c) goods
(2) BSE was established in _________
(a) 1875
(b) 1850
(c) 1975
(3) The trading system on BSE is known as ________.
(a) BOLT
(b) OTCEI
(c) NSE
(4) _________ is a dealer in stock exchange who carries on trading of securities in his own name.
(a) Jobber
(b) Broker
(c) Bull
(5) The practice of buying and selling within the same trading day before the close of the market on that day is called _________
(a) insider trading
(b) day trading
(c) auction
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