Class XII - Business Studies - 3 Date of Taking Test : December 23, 2024 Time: 20 Minutes 1. Identify the responsibility of consumers being highlighted in the picture given below. (a) Be aware about various goods and services available in the market so that an intelligent and wise choice can be made (b) Buy only standardised goods as they provide quality assurance. (c) Learn about the risks associated with products and services, follow manufacturer's instructions and use the products safely. (d) Read labels carefully so as to have information about prices, net weight, manufacturing and expiry dates, etc. None 2. An organisation has multiple objectives to serve the purpose of different groups that constitute it.' Which importance of management is mentioned here? (a) Management helps in the development of society. (b) Management creates a dynamic organisation. (c) Management helps in achieving personal objectives. (d) Management helps in achieving group goals. None 3. An established firm has fifty years of experience in the shipping industry. The company time and again proves itself as one of the dominant figures in the market. The plan for the whole is given a lot of importance. According to the owner of the company, their plans are the basic structures upon which other important functions of management rest. It is important that the plans are communicated to the employees. The top management ensures that the plans are communicated and implemented at all levels and in all departments. To learn from past mistakes is a habit of this successful company. They prepare plans for short-term as well as long-term where it can be seen that throughout the year the plans are prepared one after another. Shipping industry needs such dedicated companies. The goals are specific and the activities to achieve these specific goals are undertaken. The company has planned a growth of 20% in revenue this year. Let's see how much it's possible for it to achieve by the end of the year. Identify the type of plan indicated in the above case. (a) Policies (b) Objectives (c) Procedures (d) Programmes None 4. ____________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm. (a) Opportunities (b) Warnings (c) Threats (d) None of the above None 5. Before buying a thing a customer analyses its cost and the satisfaction that he is to get from it. He will buy the thing only when he feels that its satisfaction will be more than its cost. Seller is to make the thing while keeping in mind this tendency of the buyer. A seller, who does not pay heed to the importance that the buyer gives to the product, certainly lags behind in competition. Identify the feature of marketing highlighted in the above paragraph. (a) Needs and wants (b) Creating a market offering (c) Customer value (d) Exchange mechanism None 6. XYZ Ltd., manufacturing Fast Moving Consumer Goods (FMCG), has been registered under the Companies Act with an authorised share capital of 20,000 crores. Its registered office is situated in Delhi and manufacturing unit in a backward district of Rajasthan. Its marketing department is situated in Bhopal. Which of the following is not a disadvantage of the organisation structure of XYZ Ltd.? (a) Conflict may arise with reference to allocation of funds (b) It may lead to increase in cost. (c) Managers may gain power and assert independence and ignore organisation interests. (d) It ensures that different functions get due attention. None 7. Read the following statements carefully. Statement I: The concept which focuses on customer satisfaction is called selling concept. Statement II: The concept which focuses on customer welfare is called societal concept. Choose the correct option from the options given below: (a) Statement I is true and II is false (b) Statement II is true and I is false (c) Both the statements are true (d) Both the statements are false None 8. A chartered accountant Mr. Rakesh argues that management is a fully developed profession whereas Mr. Rishit a management consultant argues that management is not a fully developed profession like law, medicine etc. The correct option is: (a) Rakesh is correct and Rishit is incorrect (b) Both are incorrect (c) Rishit is correct and Rakesh is incorrect (d) Both are correct None 9. Read the following Statements-Assertion (A) and Reason (R), and choose one of the correct alternatives given below: Assertion (A): Demat account refers to an account which an Indian citizen must open with DPs to trade in listed securities in electric form. Reason (R): A depository is like a bank in which an investor can deposit and withdraw his shares. (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A) (c) Assertion (A) is true but Reason (R) is false (d) Assertion (A) is false but Reason (R) is true None 10. Sanjeet is a middle level manager. He keeps all his subordinates under a lot of discipline. His employees however complain of wastage of time and efforts as they feel that nothing is being assigned in a proper way and a proper place. Also no proper schedule is made for working. Which principle of management is violated in the given paragraph? (a) Discipline (b) Equity (c) Division of work (d) Order None 11. Match the terms of Financial Markets given in Column I with their respective statements given in Column II: (a) A-(ii), B- (iii), C - (i) (b) A-(i), B- (iii), C - (ii) (c) A-(iii), B- (ii), C - (i) (d) A-(i), B - (ii), C - (iii) None 12. Samarth has started business of manufacturing scissors in a factory. The factory is of large size and has employees and departments of different types. In this situation, he takes proper care to coordinate the efforts of these different employees and departments in a conscious manner. Identify the characteristic of coordination indicated in the given case. (a) Integrate group efforts (b) Unity of action (c) Deliberate function (d) Responsibility of all managers None 13. The National Pharmaceutical Pricing Authority (NPPA) has decided to invoke the public interest clause in the drugs law to pressurise the companies to reduce prices of medicines that go up more than 20% in a year." Identify the factor affecting pricing decision of medicine companies referred here. (a) Product cost (b) The utility and demand (c) Extent of competition in the market (d) Government and legal regulations None 14. Om Prakash has set up a small business unit for the manufacturing of detergent. In order to market the detergent in local residential areas, he has appointed a team of ten salesmen. Each salesman is expected to sell at least 200 units of the detergent packets within a week's time. Identify the point of importance of controlling being highlighted in the above case. (a) It helps in judging accuracy of standards. (b) It ensures efficient use of resources. (c) It helps in improving employee motivation. (d) It facilitates co-ordination in action. None 15. Keeping in view the increased expectations of corporate and increased awareness for self- development among people, Anu has started a Personality Development Institute in Kasauli. The Institute offers multiple courses on personal grooming, confidence building and public speaking. Name the feature of business environment being described in the above lines. (a) Relativity (b) Dynamic nature (c) Uncertainty. (d) Inter-relatedness None 16. _____________is not a part of three-tier enforcement machinery under the Consumer Protection Act, 2019. (a) Tehsil Forum (b) District Commission (c) State Commission (d) National Commission None 17. Identify and arrange the correct sequence of the steps involved in the Staffing process and choose the correct alternative: (a) (i), (iv), (iii), (ii) (b) (iii), (i), (iv), (ii) (c) (iii), (ii), (iv), (i) (d) (i), (ii), (iv), (iii) None 18. Which of the following is not an objective of Securities and Exchange Board of India (SEBI)? (a) To regulate the securities market (b) To protect the interest of inventors (c) To promote individual businesses (d) To promote the development of the market None 19. Anshul was working in ABC Ltd., a company manufacturing air purifiers. He found that the profits had started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline. Identify the level of management at which Anshul was working. (a) Top level management (b) Middle level management (c) Supervisory level management (d) None of the above None 20. Which of the following stock exchanges has its index named as 'SENSEX"? (a) Indian Commodity Exchange Limited (ICEL) (b) Bombay Stock Exchange (BSE) (c) National Stock Exchange (NSE) (d) All of the above None 1 out of 1 2 thoughts on “Business Studies – 3” Hshshsh December 20, 2023 at 6:03 pm Reply Exam paper for everyone Hshshsh December 20, 2023 at 6:04 pm Reply Your paper were amazing helpful for us iam recently searching for economic exam Exam paper for everyone Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Website Comment * Save my name, email, and website in this browser for the next time I comment.
Hshshsh December 20, 2023 at 6:04 pm Reply Your paper were amazing helpful for us iam recently searching for economic exam Exam paper for everyone
Exam paper for everyone
Your paper were amazing helpful for us iam recently searching for economic exam
Exam paper for everyone