TN State Board 12th Commerce Question Paper 2025

A modem is the gateway to the internet because it connects a computer or local network to the Internet Service Provider. Portal, webinar, and CPU are not gateways; portal is a website, webinar is an online seminar, and CPU is the processing unit of a computer.

Financial markets facilitate business firms to raise funds from various sources such as shares, debentures, and loans. Hence, the correct answer is (b) To raise funds. The other options describe benefits of sales, cost reduction, or recruitment, which are not the main function of financial markets.

Planning is the primary function of management because it lays down the objectives and decides the course of action to achieve them. All other managerial functions depend on planning. Innovating, decision-making, and controlling are also important, but planning comes first.

The headquarters of SEBI is in Mumbai. Therefore, the correct answer is (d) Mumbai. Chennai, Calcutta, and Delhi are not the headquarters of SEBI.

A mutual fund is a collective investment scheme that pools money from many investors and is registered and regulated. Therefore, the correct answer is (b) Mutual funds. Rematerialisation and dematerialization relate to securities in electronic or physical form, while listing means admitting securities to the stock exchange.