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Secretarial Practice · Class 12 Commerce

Maharashtra Msbshse Class 12 Secretarial Practice — Real Previous-Year Papers

with complete answers

Real previous-year board papers, year by year — the official exam pattern, the full question paper, and every question solved the concept-first way. Distinct from the chapter-wise textbook bank.

2020–2026
Years of papers
6
Total Papers
6
Real Board Papers
0
Sample papers
238
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

42 Q2026complete
42 Q2025complete
41 Q2024complete
41 Q2023complete
41 Q2022complete
—2021Exam cancelled (COVID-19)
31 Q2020complete

2021 — Exam cancelled (COVID-19): The Maharashtra State Board (MSBSHSE) cancelled the Class-12 HSC examination in 2021 due to COVID-19; no annual question paper was conducted or printed that year, so none exists to publish. Results were declared using an internal-assessment formula.

Maharashtra HSC (MSBSHSE) Board 2026 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2026. Every question below is solved the concept-first way. Sample papers are labelled honestly — never shown as a past exam.

Total marks
—
Questions
—
Duration
—
Sections
—

The marks / questions / duration above are the official exam pattern. We currently have 42 of this paper’s questions, with 42 fully solved. Questions we couldn’t yet extract or verify are held — never shown as complete.

The question paper

The questions we hold for this paper, laid out by section. Solutions are on the Answers tab.

Board Examination

Secretarial Practice

Maharashtra HSC (MSBSHSE) Board 2026 · Set ANNUAL

Series/Set: ANNUALRoll No. ________
Time Allowed: —Maximum Marks: —
Section A

Q1.
Letter of ______ is sent to applicants who have not been given shares by the company.
  • (a) regret
  • (b) renunciation
  • (c) allotment
[1]
Q2.
Finance is the management of ______ affairs of the company.
  • (a) monetary
  • (b) marketing
  • (c) production
[1]
Q3.
Shares issued free of cost to the shareholders are known as ______ shares.
  • (a) preference
  • (b) equity
  • (c) bonus
[1]
Q4.
A Company cannot accept deposit for more than ______ months.
  • (a) 24
  • (b) 36
  • (c) 45
[1]
Q5.
______ participate in the management of their company.
  • (a) Preference shareholders
  • (b) Depositors
  • (c) Equity shareholders
[1]
Q6.
Write a word, term, or phrase which can substitute for the following sentence: The return on investment is paid to the creditors by the company.
[1]
Q7.
Write a word or a term or a phrase which can substitute the following statement. The internal source of financing.
[1]
Page 1 of 7
Q8.
Write a word, or a term, or a phrase which can substitute for the following statement. A bill which is issued by Reserve Bank of India on behalf of the Government of India.
[1]
Q9.
Write a word or a term or a phrase which can substitute the following statement: Transfer of shares due to operation of law.
[1]
Q10.
Write a word, or a term, or a phrase which can substitute for the following statement. Documentary evidence of holding the debentures.
[1]
Q11.
Correct the underlined word and rewrite the following sentence. A **Bear** expects the prices of shares to rise in the future.
[1]
Q12.
Correct the underlined word and rewrite the following sentence. Bond is a source of **short** term finance.
[1]
Q13.
Correct the underlined word and rewrite the following sentence. **Dividend** is payable every year, irrespective of the profits made by the company.
[1]
Q14.
Correct the underlined word and rewrite the following sentence. Securities are fungible in **Physical** mode.
[1]
Q15.
Correct the underlined word and rewrite the following sentence: The details of debentureholders are entered in the **Register of Members** .
[1]
Q16.
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.)
[5]
Page 2 of 7
Section B

Q1.
Explain the following term/concept. Debenture Certificate
[2]
Q2.
Explain the following term/concept: Fixed capital
[2]
Q3.
Explain the following term/concept. Register of Deposit
[2]
Q4.
Explain the following term/concept. Dematerialisation
[2]
Q5.
Explain the following term/concept in detail: Stock Exchange
[2]
Q6.
Explain the following term/concept. Overdraft
[2]
Section C

Q1.
Study the following case/situation and express your opinion. Mrs. Khushi wishes to open a Demat Account in her name. Can she open the account at the Mumbai office of NSDL? Is she required to pay for the opening of the account and its maintenance? Does she have to send the shares to the respective company for demating?
[3]
Page 3 of 7
Q2.
Study the following case/situation and express your opinion: Harsh Company Limited decides to pay an interim dividend. Is the board justified to decide interim dividend of 10 per share even though profits till date are insufficient? Can the board declare a dividend out of free reserves? In how many days must the company pay a dividend to shareholders from the date of declaration?
[3]
Q3.
Angel Company Ltd. plans to raise funds through public deposits. Its net worth is ₹ 250 crores. Can they accept deposits from the public? Can they accept deposits which mature after 5 years? Within what period should the company issue deposit receipt to its depositors?
[3]
Section D

Q1.
Distinguish between the following. Equity shares and Preference shares.
[4]
Q2.
Distinguish between the following: Dividend and Interest
[4]
Q3.
Distinguish between the following. Jobber and Broker.
[4]
Q4.
Initial Public Offer and Further Public Offer
[4]
Page 4 of 7
Section E

Q1.
State any four terms and conditions regarding acceptance of deposit.
[4]
Q2.
Explain Interim Dividend.
[4]
Q3.
Discuss the factors determining working capital requirement.
[4]
Section F

Q1.
Justify the following statement: Debenture trustees are appointed by a company issuing debentures.
[4]
Q2.
Justify the following statement. Depository system is very similar to the banking system.
[4]
Page 5 of 7
Q3.
Justify the following statement. There are many participants in money market.
[4]
Q4.
Justify the following statement. Company has to fulfill certain provisions while making Right Issue.
[4]
Section G

Q1.
Draft a reply letter resolving the query of the member on low rate of dividend.
[5]
Q2.
Write a letter to the debenture holder informing him/her about the conversion of debentures into equity shares.
[5]
Q3.
Draft a letter of thanks to the depositor of a company.
[5]
Page 6 of 7
Section H

Q1.
What is a Debenture?
[2]
Q2.
Discuss the different types of debentures.
[4]
Q3.
Explain briefly the procedure for allotment of shares.
[8]
Page 7 of 7