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Maharashtra HSC Secretarial Practice Board Paper July 2025 with Answers

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

2025, July 180 minutes 80 marks Save WhatsApp

Sections

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

About this paper

This is the Maharashtra State Board (MSBSHSE) HSC (Class 12) Commerce Secretarial Practice (52) board paper of the July 2025 (supplementary) examination (Day 05). The paper code printed on the question paper is J-348. 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) match the pairs, (C) give a word, term or phrase for each statement and (D) correct the underlined word(s) and rewrite the sentences. 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 write 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). The company names, 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) The _____ is paid on borrowed capital.

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

  2. Q.1 (A) (ii) Deposit can be accepted for a minimum of 6 months and maximum for _____ months.

    1. (A) 36
    2. (B) 13
    3. (C) 30
    1 mark See answer →

  3. Q.1 (A) (iii) Bearer Debenture holders get interest through _____.

    1. (A) interest warrant
    2. (B) refund order
    3. (C) interest coupon
    1 mark See answer →

  4. Q.1 (A) (iv) _____ has to apply for ISIN.

    1. (A) Depositors
    2. (B) Depository Participant
    3. (C) Company
    1 mark See answer →

  5. Q.1 (A) (v) A financial market is a market in which people trade _______ and derivatives at low transaction costs.

    1. (A) gold
    2. (B) financial securities
    3. (C) commodities
    1 mark See answer →

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

  1. Q.1 (B) (a) Match from Group ‘B’: Bonus shares
    Group ‘B’: (1) Electronic Clearing Service; (2) Debenture holder; (3) Non-allotment of shares; (4) Electronics Co-operative Society; (5) One of the oldest Stock Exchange in India; (6) Capitalisation of profit; (7) To protect the interest of investors in securities market; (8) Shareholder; (9) Capitalisation of loan; (10) Allotment of shares

    1 mark See answer →

  2. Q.1 (B) (b) Match from Group ‘B’: Regret Letter
    Group ‘B’: (1) Electronic Clearing Service; (2) Debenture holder; (3) Non-allotment of shares; (4) Electronics Co-operative Society; (5) One of the oldest Stock Exchange in India; (6) Capitalisation of profit; (7) To protect the interest of investors in securities market; (8) Shareholder; (9) Capitalisation of loan; (10) Allotment of shares

    1 mark See answer →

  3. Q.1 (B) (c) Match from Group ‘B’: ECS
    Group ‘B’: (1) Electronic Clearing Service; (2) Debenture holder; (3) Non-allotment of shares; (4) Electronics Co-operative Society; (5) One of the oldest Stock Exchange in India; (6) Capitalisation of profit; (7) To protect the interest of investors in securities market; (8) Shareholder; (9) Capitalisation of loan; (10) Allotment of shares

    1 mark See answer →

  4. Q.1 (B) (d) Match from Group ‘B’: Dividend
    Group ‘B’: (1) Electronic Clearing Service; (2) Debenture holder; (3) Non-allotment of shares; (4) Electronics Co-operative Society; (5) One of the oldest Stock Exchange in India; (6) Capitalisation of profit; (7) To protect the interest of investors in securities market; (8) Shareholder; (9) Capitalisation of loan; (10) Allotment of shares

    1 mark See answer →

  5. Q.1 (B) (e) Match from Group ‘B’: SEBI
    Group ‘B’: (1) Electronic Clearing Service; (2) Debenture holder; (3) Non-allotment of shares; (4) Electronics Co-operative Society; (5) One of the oldest Stock Exchange in India; (6) Capitalisation of profit; (7) To protect the interest of investors in securities market; (8) Shareholder; (9) Capitalisation of loan; (10) Allotment of shares

    1 mark See answer →

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

  1. Q.1 (C) (i) The ratio of different sources of funds in the total capital.

    1 mark See answer →

  2. Q.1 (C) (ii) A document of title of ownership of shares.

    1 mark See answer →

  3. Q.1 (C) (iii) Period within which debenture certificate must be issued by a company.

    1 mark See answer →

  4. Q.1 (C) (iv) Agreement between Company and Deposit Trustee.

    1 mark See answer →

  5. Q.1 (C) (v) A bill which is issued by Reserve Bank of India on behalf of Government of India.

    1 mark See answer →

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

  1. Q.1 (D) (i) Dividend must be paid within 60 days of its declaration.

    1 mark See answer →

  2. Q.1 (D) (ii) FPO refers to offering of shares to the public for the first time.

    1 mark See answer →

  3. Q.1 (D) (iii) When there is recession in economy, sales will increase.

    1 mark See answer →

  4. Q.1 (D) (iv) Deposits are the internal source of financing.

    1 mark See answer →

  5. Q.1 (D) (v) Bond is a source of short term finance.

    1 mark See answer →

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

  1. Q.2 (i) Bear

    2 marks See answer →

  2. Q.2 (ii) Investment Decision

    2 marks See answer →

  3. Q.2 (iii) Borrowed Capital

    2 marks See answer →

  4. Q.2 (iv) Dematerialization

    2 marks See answer →

  5. Q.2 (v) Right Issue

    2 marks See answer →

  6. Q.2 (vi) Primary Market

    2 marks See answer →

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

  1. Q.3 (i) Mr. Jatin is a practising Company Secretary offering advisory services to companies, institutions, etc. on corporate laws including Companies Act. He has received a few queries from his clients. Please assist Mr. Jatin in answering them :
    (a) BDI Bank wants to offer Depository Participant (DP) services. Whom should they approach for registering as DP?
    (b) KM Financial wants to offer Debenture Trustee services. Where should they apply for getting registered?
    (c) TT Company Ltd. wants to issue an IPO. Should it get itself registered with SEBI?

    3 marks See answer →

  2. Q.3 (ii) Sai Company Ltd. decides to pay interim dividend:
    (a) Is the Board justified to decide interim dividend of ₹ 5/- per share even though profits till date are insufficient?
    (b) Can the Board declare dividend out of free reserves?
    (c) Can the Board declare dividend out of Capital?

    3 marks See answer →

  3. Q.3 (iii) Moon Private Ltd. Company wants to raise funds through deposits:
    (a) Can the company accept deposits from the public?
    (b) Which document should the company issue to invite deposits?
    (c) What is the maximum period for which company can accept deposits?

    3 marks See answer →

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

  1. Q.4 (i) Fixed Capital and Working Capital

    4 marks See answer →

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

    4 marks See answer →

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

    4 marks See answer →

  4. Q.4 (iv) Money Market and Capital Market

    4 marks See answer →

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

  1. Q.5 (i) State the contents of a Share Certificate.

    4 marks See answer →

  2. Q.5 (ii) Explain any four advantages of Depository System to investor.

    4 marks See answer →

  3. Q.5 (iii) State any four terms and conditions regarding acceptance of deposits.

    4 marks See answer →

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

  1. Q.6 (i) Preference shares do not carry normal voting rights.

    4 marks See answer →

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

    4 marks See answer →

  3. Q.6 (iii) Dividend is paid out of profits of the company.

    4 marks See answer →

  4. Q.6 (iv) Depository provides easy and quicker transfer of shares.

    4 marks See answer →

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

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

    5 marks See answer →

  2. Q.7 (ii) Write a letter to the debenture holder regarding payment of interest through Interest Warrant.

    5 marks See answer →

  3. Q.7 (iii) Draft a letter to a depositor regarding repayment of his deposits.

    5 marks See answer →

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

  1. Q.8 (i) Define debenture and explain the features of debentures.

    8 marks See answer →

  2. Q.8 (ii) Explain the classification of share capital.

    8 marks See answer →