Maharashtra Board Class 12 Secretarial Practice Guess Paper 2027
A full practice paper on the official Secretarial Practice pattern, built from the most-likely questions by repetition analysis. Not an official or leaked paper.
Maharashtra Board Class 12 Secretarial Practice — Guess Paper 2027
Time: 3 hours · Maximum marks: 80 · Practice paper
Section 1Q1 objectives: MCQ, match the pairs, true/false, arrange in order (1 mark each)
Q1.1 mark
Write a word/term/phrase: The return paid to the creditors by the company.
Why this question: Dividend and Interest → Interest is the return paid to creditors / on borrowed capital — appeared 4× Board 2024Board 2025Board 2026
Q2.1 mark
Select the correct answer and rewrite: _____ of shares takes place due to operation of law. (a) Forfeiture (b) Transmission (c) Allotment
Why this question: Correspondence with Members → Transmission of shares takes place by operation of law — appeared 3× Board 2024Board 2026
Q3.1 mark
Write a word/term/phrase: A bill which is issued by Reserve Bank of India on behalf of the Government of India.
Why this question: Financial Market → Treasury bill: issued by RBI on behalf of government — appeared 3× Board 2025Board 2026
Q4.1 mark
Correct the underlined word and rewrite: Securities are fungible in Physical mode.
Why this question: Depository System → Demat/electronic shares are fungible — appeared 3× Board 2024Board 2025Board 2026
Q5.1 mark
Select the proper option and rewrite: A company cannot accept deposits for more than _____ months. (a) 24 (b) 36 (c) 45
Why this question: Deposits → MCQ: maximum period for accepting deposits (36 months) — appeared 2× Board 2025Board 2026
Q6.1 mark
Correct the underlined word and rewrite: FPO refers to offering of shares to the public for the first time.
Why this question: Financial Market → Correct: IPO (not FPO) is offering shares for the first time — appeared 3× Board 2024Board 2025
Q7.1 mark
Correct the underlined word and rewrite: Bond is a source of Short term finance.
Why this question: Sources of Corporate Finance → Correct: bond is a source of long-term finance — appeared 2× Board 2025Board 2026
Q8.1 mark
Select the correct answer and rewrite: A depository receipt traded in _____ is called American Depository Receipt. (a) London (b) Japan (c) U.S.A.
Why this question: Depository System → ADR is a depository receipt traded in the USA — appeared 2× Board 2025Board 2026
Q9.1 mark
Correct the underlined word and rewrite: Dividend is payable every year irrespective of profits made by company.
Why this question: Dividend and Interest → Correct: dividend is not payable every year / not an obligation — appeared 2× Board 2025Board 2026
Q10.1 mark
Correct the underlined word and rewrite: A Bear expects the prices of shares to rise in future.
Why this question: Stock Exchange → Bear is one who expects a fall in prices — appeared 2× Board 2024Board 2026
Q11.1 mark
Select the correct answer and rewrite: Deposits are _____ loans of the company. (a) fixed (b) long term (c) short term
Why this question: Deposits → Deposits are a short-term source/loan — appeared 2× Board 2024Board 2026
Q12.1 mark
Write a word/term/phrase: These shareholders are the 'real masters' of the company.
Why this question: Sources of Corporate Finance → Equity shareholders are the real owners/masters and controllers — appeared 2× Board 2024
Q13.1 mark
Write a word/term/phrase: A specific place where trading of securities is arranged in an organized method.
Why this question: Stock Exchange → Word/term: place where trading of securities is arranged (stock exchange) — appeared 1× Board 2026
Q14.1 mark
Match the pairs. Group A: (a) Working capital (b) Board of Directors (c) Tenure of deposits (d) Financial Market (e) 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.
Why this question: Introduction to Corporate Finance → Match the pairs (working capital / deposits set) — appeared 1× Board 2026
Q15.1 mark
Find the odd one: Land and Building, Plant and Machinery, Cash
Why this question: Introduction to Corporate Finance → Find the odd one: fixed vs working capital assets — appeared 1× Board 2026
Q16.1 mark
Find the odd one: Face value, Redemption value, Market value
Why this question: Issue of Shares → Find the odd one: value of securities — appeared 1× Board 2026
Q17.1 mark
Write a word/term/phrase: Documentary evidence of holding the debentures.
Why this question: Issue of Debentures → Word/term: documentary evidence of holding debentures (debenture certificate) — appeared 1× Board 2026
Q18.1 mark
Correct the underlined word and rewrite: The details of debentureholders are entered in Register of Members.
Why this question: Issue of Debentures → Correct: details of debentureholders are entered in Register of Debentureholders — appeared 1× Board 2026
Q19.1 mark
Match the pairs. Group A: (a) Bonus shares (b) Regret Letter (c) ECS (d) Dividend (e) 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.
Why this question: Issue of Shares → Match the pairs (bonus/SEBI set) — appeared 1× Board 2025
Q20.1 mark
Select the proper option and rewrite: Letter of _____ is sent to applicants who have not been given shares by the company. (a) regret (b) renunciation (c) allotment
Why this question: Correspondence with Members → MCQ: letter of regret sent to applicants not allotted shares — appeared 1× Board 2026
Section 2Q2 explain the following terms/concepts (any four)
Q21.2 marks
Explain the following term / concept: Debenture Certificate
Why this question: Issue of Debentures → Explain the term: Debenture Certificate — appeared 3× Board 2025Board 2026
Q22.2 marks
Explain the following term / concept: Stock Exchange
Why this question: Stock Exchange → Explain the term: Stock Exchange — appeared 3× Board 2024Board 2026
Q23.2 marks
Explain the following term / concept: Fixed Capital
Why this question: Introduction to Corporate Finance → Explain the term: Fixed capital — appeared 3× Board 2024Board 2025Board 2026
Q24.2 marks
Explain the following term / concept: Investment Decision
Why this question: Introduction to Corporate Finance → Explain the term: Investment Decision — appeared 2× Board 2025Board 2026
Section 3Q3 study the case/situation and express your opinion (any two)
Q25.3 marks
Distinguish between: Interim Dividend and Final Dividend
Why this question: Dividend and Interest → Distinguish: Interim Dividend vs Final Dividend — appeared 4× Board 2024Board 2025Board 2026
Q26.3 marks
Answer in brief: State any four terms and conditions regarding acceptance of deposit.
Why this question: Deposits → Answer in brief: terms and conditions for acceptance of deposits — appeared 4× Board 2024Board 2025Board 2026
Section 4Q4 distinguish between (any three)
Q27.4 marks
Justify the following statement: Debenture trustees are appointed by a company issuing debentures.
Why this question: Issue of Debentures → Justify: debenture trustees are appointed while issuing debentures — appeared 3× Board 2025Board 2026
Q28.4 marks
Distinguish between: Initial Public Offer and Further Public Offer
Why this question: Financial Market → Distinguish: IPO vs FPO — appeared 3× Board 2024Board 2025Board 2026
Q29.4 marks
Attempt the following: Write a letter to the member for the payment of dividend through dividend warrant.
Why this question: Dividend and Interest → Draft letter: payment of dividend via dividend warrant (member) — appeared 3× Board 2024Board 2025
Section 5Q5 answer in brief (any two)
Q30.4 marks
Distinguish between: Jobber and Broker
Why this question: Stock Exchange → Distinguish: Jobber vs Broker — appeared 2× Board 2026
Q31.4 marks
Answer in detail: What is Debenture? Explain the different types of debentures.
Why this question: Issue of Debentures → Answer in detail: debenture and its types — appeared 2× Board 2026
Section 6Q6 justify the following statements (any two)
Q32.4 marks
Study the case and express your opinion: Harsh Company Limited decides to pay interim dividend. (a) Is the board justified to decide interim dividend of Rs.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 must company pay dividend to shareholders from the date of declaration?
Why this question: Dividend and Interest → Case study: declaration of interim dividend (reserves/capital) — appeared 2× Board 2025Board 2026
Q33.4 marks
Attempt the following: Draft a reply letter resolving the query of the member on low rate of dividend.
Why this question: Dividend and Interest → Draft letter: reply to member's query on low rate of dividend — appeared 2× Board 2025Board 2026
Section 7Q7 attempt the following (any two)
Q34.5 marks
Answer in brief: Explain the features of Interest.
Why this question: Dividend and Interest → Answer in brief: features of Interest — appeared 2× Board 2025Board 2026
Q35.5 marks
Attempt the following: Write a letter to debentureholder informing him/her about conversion of debentures into equity shares.
Why this question: Correspondence with Debentureholders → Draft letter: conversion of debentures into equity shares — appeared 2× Board 2025Board 2026
Section 8Q8 answer in detail (any one)
Q36.8 marks
Answer in detail: Explain briefly the procedure for allotment of shares.
Why this question: Issue of Shares → Answer in detail: procedure for allotment of shares — appeared 2× Board 2025Board 2026