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Maharashtra HSC Secretarial Practice Board Paper June 2026 with Answers

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

2026, June 180 minutes 80 marks Save WhatsApp

Sections

Q.1 (A) Select the correct answer and rewrite the sentences (5 marks) 5 questions
Q.1 (B) Write a word or a term or a phrase which can substitute each statement (5 marks) 5 questions
Q.1 (C) Match the pairs (5 marks) 5 questions
Q.1 (D) Find the odd one (5 marks) 5 questions
Q.2 Explain the following 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 question, 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 June 2026 (supplementary) examination, held on 20 June 2026. The paper code printed on the question paper is J-238. 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 correct answer, (B) give a word, term or phrase for each statement, (C) match the pairs and (D) find the odd one. 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 answer 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 June 2026 Secretarial Practice paper (J-238). 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 correct answer and rewrite the sentences (5 marks)

  1. Q.1 (A) (i) Company has to pay ________ to government.

    1. (A) taxes
    2. (B) dividend
    3. (C) interest
    1 mark See answer →

  2. Q.1 (A) (ii) A depository receipt traded in ________ is called American Depository Receipt.

    1. (A) London
    2. (B) Japan
    3. (C) U.S.A.
    1 mark See answer →

  3. Q.1 (A) (iii) ________ of shares takes place due to operation of law.

    1. (A) Forfeiture
    2. (B) Transmission
    3. (C) Allotment
    1 mark See answer →

  4. Q.1 (A) (iv) Money from _____ account is used for redemption of debentures.

    1. (A) Capital
    2. (B) Debenture Redemption Reserve
    3. (C) Profit or loss
    1 mark See answer →

  5. Q.1 (A) (v) Deposits are _____ loans of the company.

    1. (A) fixed
    2. (B) long term
    3. (C) short term
    1 mark See answer →

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

  1. Q.1 (B) (i) The agent of the depository.

    1 mark See answer →

  2. Q.1 (B) (ii) The return paid to the creditors by the company.

    1 mark See answer →

  3. Q.1 (B) (iii) Instrument for payment of dividend.

    1 mark See answer →

  4. Q.1 (B) (iv) A specific place where trading of securities is arranged in an organized method.

    1 mark See answer →

  5. Q.1 (B) (v) A market which provides short term funds.

    1 mark See answer →

Q.1 (C) Match the pairs (5 marks)

  1. Q.1 (C) (a) Match from Group ‘B’: Working capital
    Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode

    1 mark See answer →

  2. Q.1 (C) (b) Match from Group ‘B’: Board of Directors
    Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode

    1 mark See answer →

  3. Q.1 (C) (c) Match from Group ‘B’: Tenure of deposits
    Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode

    1 mark See answer →

  4. Q.1 (C) (d) Match from Group ‘B’: Financial Market
    Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode

    1 mark See answer →

  5. Q.1 (C) (e) Match from Group ‘B’: Bad delivery
    Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode

    1 mark See answer →

Q.1 (D) Find the odd one (5 marks)

  1. Q.1 (D) (i) Land and Building, Plant and Machinery, Cash

    1 mark See answer →

  2. Q.1 (D) (ii) Face value, Redemption value, Market value

    1 mark See answer →

  3. Q.1 (D) (iii) SEBI, Debentureholder, Shareholder

    1 mark See answer →

  4. Q.1 (D) (iv) Dividend account, Dividend mandate, Unpaid/Unclaimed dividend account

    1 mark See answer →

  5. Q.1 (D) (v) New issue market, Secondary market, Call money market

    1 mark See answer →

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

  1. Q.2 (i) Investment Decision

    2 marks See answer →

  2. Q.2 (ii) Trade Credit

    2 marks See answer →

  3. Q.2 (iii) Initial Public Offer (IPO)

    2 marks See answer →

  4. Q.2 (iv) Debenture Certificate

    2 marks See answer →

  5. Q.2 (v) Rematerialization

    2 marks See answer →

  6. Q.2 (vi) Stock Exchange

    2 marks See answer →

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

  1. Q.3 (i) ALPHA Company Ltd. has made a demand on its shareholders to pay the balance unpaid amount of ₹ 20/- per share (having a face value of ₹ 100/-) held by them. The company has sent letters asking the shareholders to pay the money to its bankers within the specified time.
    (a) Are the shareholders liable to pay ₹ 20/- for the shares held by them?
    (b) Name the letter sent by the company to its shareholders asking them to pay ₹ 20/-.
    (c) What happens if a shareholder fails to pay the money within the specified time?

    3 marks See answer →

  2. Q.3 (ii) Mr. Rajesh holds 100 shares of STAR Company Ltd. in demat mode:
    (a) He wants to transfer one share each to his wife, daughter and son. Can he do so?
    (b) Does he need to submit DRF or DIS if he wants to transfer his shares?
    (c) Can he nominate his wife in his demat account?

    3 marks See answer →

  3. Q.3 (iii) DONALD Company Ltd. declares a dividend of ₹10/- per share for F.Y. 2024-25.
    (a) Is company under default, if dividend was not paid within 30 days of its declaration?
    (b) Is company right in transferring the unpaid dividend to its Debenture Reserve Account?
    (c) Does the company have to transfer the amount of unpaid dividend to IEPF after 30 days?

    3 marks See answer →

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

  1. Q.4 (i) Owned Capital and Borrowed Capital

    4 marks See answer →

  2. Q.4 (ii) Rights Shares and Bonus Shares

    4 marks See answer →

  3. Q.4 (iii) Interim Dividend and Final Dividend

    4 marks See answer →

  4. Q.4 (iv) Jobber and Broker

    4 marks See answer →

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

  1. Q.5 (i) State any four provisions of Companies Act, 2013 for issue of debentures.

    4 marks See answer →

  2. Q.5 (ii) Explain the features of Interest.

    4 marks See answer →

  3. Q.5 (iii) State any four functions of financial market.

    4 marks See answer →

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

  1. Q.6 (i) There are various factors affecting the requirement of fixed capital.

    4 marks See answer →

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

    4 marks See answer →

  3. Q.6 (iii) All companies cannot accept deposits from public.

    4 marks See answer →

  4. Q.6 (iv) Electronic holding of securities is safer than physical holding.

    4 marks See answer →

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

  1. Q.7 (i) Write a letter to the member for the issue of Share certificate.

    5 marks See answer →

  2. Q.7 (ii) Draft a letter of allotment to debentureholder.

    5 marks See answer →

  3. Q.7 (iii) Draft a letter to depositor informing him about payment of interest through Interest Warrant.

    5 marks See answer →

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

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

    8 marks See answer →

  2. Q.8 (ii) Explain the statutory provisions for allotment of shares.

    8 marks See answer →