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Maharashtra HSC Secretarial Practice Board Paper March 2026 with Answers

Written board papers. Physics and Chemistry: 70 marks, 3 hours. Mathematics & Statistics: 80 marks, 3 hours.

2026, March 180 minutes 80 marks Save WhatsApp

Sections

Q.1 (A) Select the proper option and rewrite the sentences (5 marks) 5 questions
Q.1 (B) Write a word or term or phrase which can substitute each sentence (5 marks) 5 questions
Q.1 (C) Correct the underlined word/s and rewrite the sentences (5 marks) 5 questions
Q.1 (D) Select the correct option from the bracket (5 marks) 5 questions
Q.2 Explain the terms / concepts, attempt any four (8 marks) 6 questions
Q.3 Study the cases / situations and express your opinion, attempt any two (6 marks) 3 questions
Q.4 Distinguish between the following, attempt any three (12 marks) 4 questions
Q.5 Answer in brief, attempt any two (8 marks) 3 questions
Q.6 Justify the following statements, attempt any two (8 marks) 4 questions
Q.7 Attempt the following, any two (10 marks) 3 questions
Q.8 Answer the following questions, attempt any one (8 marks) 2 questions

About this paper

This is the Maharashtra State Board (MSBSHSE) HSC (Class 12) Commerce Secretarial Practice (52) board paper of the February–March 2026 examination (Day 07). The paper code printed on the question paper is J-141. The questions are transcribed from the board’s own printed question paper as published on its website. The answers are original answers written by Doubtly, not the board’s official model answers.

Paper pattern

Maximum marks 80, time 3 hours, eight questions, all compulsory (with internal choice). Q.1 (20 marks) has four parts of 5 marks each: (A) select the proper option, (B) give a word or term for each sentence, (C) correct the underlined words and (D) select the correct option from the bracket. Q.2: explain any four terms (8 marks). Q.3: any two case studies (6 marks). Q.4: distinguish between, any three (12 marks). Q.5: answer in brief, any two (8 marks). Q.6: justify the statements, any two (8 marks). Q.7: any two letters (10 marks). Q.8: any one long answer (8 marks). Each question must be started on a new page.

How to use it

Attempt the paper in one 3-hour sitting, choosing questions the way the board allows. Then compare with the answers: for distinguish questions check that you have at least four clear points in a table, for case studies give a clear yes/no with the legal reason, and for letters follow the complete format (letterhead, reference number, date, inside address, subject, salutation, body, complimentary close and signature).

FAQs

Is this the official board paper?

Yes, the questions are from the board’s March 2026 Secretarial Practice paper (J-141). The answers are Doubtly’s own; the board does not publish a full answer key.

Are names in the letters fixed?

No. The company, addresses and figures in the specimen letters are imaginary; you may use any suitable details in the exam.

Chapters covered

Instructions

Solve on paper with a timer, then check against the solutions. Sections: A (MCQ and very short answers), B (short answers, attempt any 8 of 12), C (attempt any 8 of 12), D (long answers with choice).

Q.1 (A) Select the proper option and rewrite the sentences (5 marks)

  1. Q.1 (A) (1) Letter of _____ is sent to applicants who have not been given shares by the company.

    1. (A) regret
    2. (B) renunciation
    3. (C) allotment
    1 mark See answer →

  2. Q.1 (A) (2) Finance is the management of _____ affairs of the company.

    1. (A) monetary
    2. (B) marketing
    3. (C) production
    1 mark See answer →

  3. Q.1 (A) (3) Shares issued free of cost to the shareholders are known as _____ shares.

    1. (A) preference
    2. (B) equity
    3. (C) bonus
    1 mark See answer →

  4. Q.1 (A) (4) A company cannot accept deposits for more than _____ months.

    1. (A) 24
    2. (B) 36
    3. (C) 45
    1 mark See answer →

  5. Q.1 (A) (5) _______ participate in the management of the company.

    1. (A) Preference shareholders
    2. (B) Depositors
    3. (C) Equity shareholders
    1 mark See answer →

Q.1 (B) Write a word or term or phrase which can substitute each sentence (5 marks)

  1. Q.1 (B) (1) The return on investment paid to the creditors by the company.

    1 mark See answer →

  2. Q.1 (B) (2) The internal source of financing.

    1 mark See answer →

  3. Q.1 (B) (3) A bill which is issued by Reserve Bank of India on behalf of the Government of India.

    1 mark See answer →

  4. Q.1 (B) (4) Transfer of shares due to operation of law.

    1 mark See answer →

  5. Q.1 (B) (5) Documentary evidence of holding the debentures.

    1 mark See answer →

Q.1 (C) Correct the underlined word/s and rewrite the sentences (5 marks)

  1. Q.1 (C) (1) A Bear expects the prices of shares to rise in future.

    1 mark See answer →

  2. Q.1 (C) (2) Bond is a source of Short term finance.

    1 mark See answer →

  3. Q.1 (C) (3) Dividend is payable every year irrespective of profits made by company.

    1 mark See answer →

  4. Q.1 (C) (4) Securities are fungible in Physical mode.

    1 mark See answer →

  5. Q.1 (C) (5) The details of debentureholders are entered in Register of Members.

    1 mark See answer →

Q.1 (D) Select the correct option from the bracket (5 marks)

  1. Q.1 (D) Select the correct option from the bracket:

    Group ‘A’Group ‘B’
    (a) _________________(1) Deposit from Members
    (b) First Depository in India(2) _________________
    (c) _________________(3) Capital Market
    (d) Public Deposit(4) _________________
    (e) _________________(5) Nifty

    (Short term loan, Private company, NSDL, Index of NSE, Funds for long term.)

    Q.1 (D) (a) Group A (a) _____ matches Group B (1) Deposit from Members.

    1 mark See answer →

  2. Q.1 (D) (b) Group A (b) First Depository in India matches Group B (2) _____.

    1 mark See answer →

  3. Q.1 (D) (c) Group A (c) _____ matches Group B (3) Capital Market.

    1 mark See answer →

  4. Q.1 (D) (d) Group A (d) Public Deposit matches Group B (4) _____.

    1 mark See answer →

  5. Q.1 (D) (e) Group A (e) _____ matches Group B (5) Nifty.

    1 mark See answer →

Q.2 Explain the terms / concepts, attempt any four (8 marks)

  1. Q.2 (1) Debenture Certificate

    2 marks See answer →

  2. Q.2 (2) Fixed Capital

    2 marks See answer →

  3. Q.2 (3) Register of Deposit

    2 marks See answer →

  4. Q.2 (4) Dematerialization

    2 marks See answer →

  5. Q.2 (5) Stock Exchange

    2 marks See answer →

  6. Q.2 (6) Overdraft

    2 marks See answer →

Q.3 Study the cases / situations and express your opinion, attempt any two (6 marks)

  1. Q.3 (1) Mrs. Khushi wishes to open a Demat Account in her name.
    (a) Can she open the account going to Mumbai office of NSDL?
    (b) Is she required to pay for opening of account and its maintenance?
    (c) Does she have to send the shares to respective company for demating?

    3 marks See answer →

  2. Q.3 (2) Harsh Company Limited decides to pay interim dividend.
    (a) Is the board justified to decide interim dividend of ₹ 10 per share even though profits till date are insufficient?
    (b) Can the board declare dividend out of free reserves?
    (c) In how many days company must pay dividend to shareholders from the date of declaration?

    3 marks See answer →

  3. Q.3 (3) Angel Company Ltd. plans to raise funds through public deposits. Its net worth is ₹ 250 crores.
    (a) Can they accept deposits from the public?
    (b) Can they accept deposits which mature after 5 years?
    (c) Within what period should the company issue deposit receipt to its depositors?

    3 marks See answer →

Q.4 Distinguish between the following, attempt any three (12 marks)

  1. Q.4 (1) Equity shares and Preference shares

    4 marks See answer →

  2. Q.4 (2) Dividend and Interest

    4 marks See answer →

  3. Q.4 (3) Jobber and Broker

    4 marks See answer →

  4. Q.4 (4) Initial Public Offer and Further Public Offer

    4 marks See answer →

Q.5 Answer in brief, attempt any two (8 marks)

  1. Q.5 (1) State any four terms and conditions regarding acceptance of deposit.

    4 marks See answer →

  2. Q.5 (2) State the features of Interim Dividend.

    4 marks See answer →

  3. Q.5 (3) State any four factors affecting working capital requirement.

    4 marks See answer →

Q.6 Justify the following statements, attempt any two (8 marks)

  1. Q.6 (1) Debenture trustees are appointed by a company issuing debentures.

    4 marks See answer →

  2. Q.6 (2) Depository system is very similar to the banking system.

    4 marks See answer →

  3. Q.6 (3) There are many participants in money market.

    4 marks See answer →

  4. Q.6 (4) Company has to fulfill certain provisions while making Right Issue.

    4 marks See answer →

Q.7 Attempt the following, any two (10 marks)

  1. Q.7 (1) Draft a reply letter resolving the query of the member on low rate of dividend.

    5 marks See answer →

  2. Q.7 (2) Write a letter to debentureholder informing him/her about conversion of debentures into equity shares.

    5 marks See answer →

  3. Q.7 (3) Draft a letter of thanks to the depositor of a company.

    5 marks See answer →

Q.8 Answer the following questions, attempt any one (8 marks)

  1. Q.8 (1) What is debenture? Explain the different types of debentures.

    8 marks See answer →

  2. Q.8 (2) Explain briefly the procedure for allotment of shares.

    8 marks See answer →