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Maharashtra HSC Secretarial Practice Board Paper July 2024 with Answers

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

2024, July 180 minutes 80 marks Save WhatsApp

Sections

Q.1 (A) Write the word or term (5 marks) 5 Q
Q.1 (B) True or False (5 marks) 5 Q
Q.1 (C) Complete the pairs (5 marks) 1 Q
Q.1 (D) Select the correct answer (5 marks) 5 Q
Q.2 Explain the terms, any four (8 marks) 6 Q
Q.3 Case studies, any two (6 marks) 3 Q
Q.4 Distinguish between, any three (12 marks) 4 Q
Q.5 Answer in brief, any two (8 marks) 3 Q
Q.6 Justify the statements, any two (8 marks) 4 Q
Q.7 Letters, any two (10 marks) 3 Q
Q.8 Long answer, 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 2024 (supplementary) examination (Day 05). The paper code printed on the question paper is J-138. The questions are transcribed from the board’s own printed question paper, as published on the board’s 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. Q.1 (20 marks) has four parts of 5 marks each: (A) write a word or term for each statement, (B) state true or false, (C) complete the pairs by selecting the correct option from the bracket and (D) select the correct answer. Q.2: explain terms, any four of six (8 marks). Q.3: case studies, any two of three (6 marks). Q.4: distinguish between, any three of four (12 marks). Q.5: answer in brief, any two of three (8 marks). Q.6: justify the statements, any two of four (8 marks). Q.7: letters, any two of three (10 marks). Q.8: long answer, any one of two (8 marks).

How to use it

Attempt the paper in one 3-hour sitting, choosing questions as the paper allows, then compare your answers with the model answers. For letters, check the format: letterhead, reference number and date, inside address, subject, salutation, body, closing and signature of the Company Secretary. Names, numbers and addresses in the model letters are made up for illustration.

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) Write the word or term (5 marks)

  1. Q.1 (A) (1) Write a word or a term or a phrase which can substitute the following statement : These shareholders are the ‘real masters’ of the company.

    1 mark See answer →

  2. Q.1 (A) (2) Write a word or a term or a phrase which can substitute the following statement : Transfer of shares due to operation of law.

    1 mark See answer →

  3. Q.1 (A) (3) Write a word or a term or a phrase which can substitute the following statement : The organisation which holds the securities in electronic mode.

    1 mark See answer →

  4. Q.1 (A) (4) Write a word or a term or a phrase which can substitute the following statement : The return on investment paid to the shareholders of the company.

    1 mark See answer →

  5. Q.1 (A) (5) Write a word or a term or a phrase which can substitute the following statement : A market which provides long term funds.

    1 mark See answer →

Q.1 (B) True or False (5 marks)

  1. Q.1 (B) (1) State whether the following statement is True or False : Equity shareholders enjoy fixed rate of dividend.

    1 mark See answer →

  2. Q.1 (B) (2) State whether the following statement is True or False : Debenture holders are paid interest.

    1 mark See answer →

  3. Q.1 (B) (3) State whether the following statement is True or False : Return of deposit must be filled every year on or before 31st March.

    1 mark See answer →

  4. Q.1 (B) (4) State whether the following statement is True or False : Electronic mode of holding securities is risky.

    1 mark See answer →

  5. Q.1 (B) (5) State whether the following statement is True or False : Dividend once declared cannot be revoked.

    1 mark See answer →

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

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

    Group ‘A’Group ‘B’
    (a) Working Capital(1) _______________
    (b) _______________(2) Employees Stock Option Scheme (ESOS)
    (c) First Depository in India(3) _______________
    (d) _______________(4) Dematerialization
    (e) SEBI(5) _______________

    (Offering shares to permanent employees, Circulating Capital, Regulator of Capital Market, Physical to electronic mode, NSDL)

    5 marks See answer →

Q.1 (D) Select the correct answer (5 marks)

  1. Q.1 (D) (1) Dividend is paid first to _____ shareholders.

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

  2. Q.1 (D) (2) When the trade bills are accepted by commercial banks, these are known as _____ .

    1. (A) treasury bills
    2. (B) commercial bills
    3. (C) commercial papers
    1 mark See answer →

  3. Q.1 (D) (3) Demated shares are _____ .

    1. (A) non-transferable
    2. (B) fungible
    3. (C) bearer
    1 mark See answer →

  4. Q.1 (D) (4) A _____ is one who expects fall in price of securities.

    1. (A) bull
    2. (B) bear
    3. (C) jobber
    1 mark See answer →

  5. Q.1 (D) (5) Payment of _____ dividend must be authorised by the Articles of Association.

    1. (A) interim
    2. (B) final
    3. (C) bonus
    1 mark See answer →

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

  1. Q.2 (1) Explain the following term / concept : Ploughing back of profit

    2 marks See answer →

  2. Q.2 (2) Explain the following term / concept : Rights Issues

    2 marks See answer →

  3. Q.2 (3) Explain the following term / concept : Debenture Trust Deed

    2 marks See answer →

  4. Q.2 (4) Explain the following term / concept : Secured Deposit

    2 marks See answer →

  5. Q.2 (5) Explain the following term / concept : Depositor

    2 marks See answer →

  6. Q.2 (6) Explain the following term / concept : Broker

    2 marks See answer →

Q.3 Case studies, any two (6 marks)

  1. Q.3 (1) Anushka Ltd. Company plans to raise ₹10 crores by issuing debentures. The Board of Directors have some queries. Please advise them on the following :

    (a) Can the company issue convertible debentures?
    (b) As the company is offering debentures to its members, can such debentures have normal voting rights?
    (c) Capital raised by issuing debentures will be Owned Capital or Borrowed Capital?

    3 marks See answer →

  2. Q.3 (2) A B and Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting public deposits :

    (a) Can the company accept deposits in joint names?
    (b) Can the company accept deposits from its members?
    (c) Can the company issue secured deposits?

    3 marks See answer →

  3. Q.3 (3) Mr. R. J. holds 100 shares of Viraj Co. 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 →

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

  1. Q.4 (1) Distinguish between Owned Capital and Borrowed Capital.

    4 marks See answer →

  2. Q.4 (2) Distinguish between Initial Public Offer (IPO) and Further Public Offer (FPO).

    4 marks See answer →

  3. Q.4 (3) Distinguish between Interim Dividend and Final Dividend.

    4 marks See answer →

  4. Q.4 (4) Distinguish between Primary Market and Secondary Market.

    4 marks See answer →

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

  1. Q.5 (1) State the features of Bonds.

    4 marks See answer →

  2. Q.5 (2) State any four terms and conditions regarding acceptance of deposit.

    4 marks See answer →

  3. Q.5 (3) Explain DP as the constituent of Depository system.

    4 marks See answer →

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

  1. Q.6 (1) Justify the following statement : Equity shareholders are real owners and controllers of company.

    4 marks See answer →

  2. Q.6 (2) Justify the following statement : A shareholder of a public company can transfer shares.

    4 marks See answer →

  3. Q.6 (3) Justify the following statement : Unpaid dividend cannot be used by the company.

    4 marks See answer →

  4. Q.6 (4) Justify the following statement : Capital market is useful for corporate sector.

    4 marks See answer →

Q.7 Letters, any two (10 marks)

  1. Q.7 (1) Write a letter to the member for the payment of dividend through Dividend Warrant.

    5 marks See answer →

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

    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 Long answer, any one (8 marks)

  1. Q.8 (1) What is preference shares? Explain its features.

    8 marks See answer →

  2. Q.8 (2) Explain the procedure for issue of debentures.

    8 marks See answer →