Class 12 Business Studies - MCQs (2023-24) - From Sample Question Papers

Q1. Rishabh joined an entertainment company Avtaar, as a creative head. As a manager looking after the creative unit of the company, one of the functions he has to perform is the process of organizing. Which step of the process will he need to perform after identifying and dividing the work that has to be done by previously determined plans?

(a) Identification and division of work

(b) Departmentalisation

(d) Establishing Reporting Relationships

Q2. Madhvi is working as a manager in ‘Taarik and Company’. She is involved in a problem related to a particular product. She is unable to decide whether she should produce that product in her own company or she should buy it from the market. She studied both options deeply with the help of specialists. To maintain the company’s impression on the minds of the customers, she decided to produce the product in the company itself. She is hopeful of the complete success of this decision. Identify the stage of the ‘planning process’ on which Madhvi reached the final decision.

(a) Evaluating alternative courses

(b) Selecting an alternative

(d) Follow-up action

Q3. While scrutinizing the production records, it was found that for a particular batch, the rejection rate was 5% against the set standard of 2%. The management found that this was due to negligence of quality control staff. This action is part of which step in the controlling process?

(a) Measurement of actual performance

(b) Comparing actual performance with standards

(d) Taking corrective action

Q4. Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?

(a) Uncertainty

(b) Complexity

(d) Relativity

Q5. Aarohan Ltd. is a company manufacturing automobiles where the division of work into key areas includes production, purchase, marketing, accounts and personnel. Which of the following is a disadvantage of the organisational structure of Aarohan Ltd.?

(a) It may lead to an increase in cost

(b) Managers may gain power assert independence and ignore organization interests.

(d) Heads do not get training for top management positions

Q6. ---------------- is the framework within which managerial and operating tasks are performed. It specifies the relationship between people, work and resources. It allows coordination and correlation between human, physical and financial resources.

(a) Organization structure

(b) Span of management

(d) Decentralization

Q7. The government of India undertook many initiatives to encourage domestic manufacturing and export of defence equipment. ‘MAKE IN INDIA’ in defence was one such scheme launched by the Government to encourage companies across the world to manufacture defence products in India. Identify the dimension of the business environment which is related to the above-mentioned case.

(a) Technological environment

(b) Legal environment

(d) Economic environment

Q8. Assertion (A): The business environment is largely uncertain.

Reason (R): It is very difficult to predict future happenings especially when environmental changes are taking place too frequently.

(a) Both Assertion (A) and Reason (R) are true and (R) is the correct explanation of (A)

(b) Both Assertion (A) and Reason (R) are true and (R) is not a correct explanation of (A)

(d) Assertion (A) is false but Reason (R) is true

Q9. Statement-I Transportation helps in creating time utility and warehousing helps in creating place utility

Statement-II The process of classification of products into different groups based on their important characteristics is known as standardization.

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

(d) Both the statements are false

Q10. Airlines will be able to offer the benefit of lower pricing to customers on sectors/routes due to the decision of the Civil Aviation Ministry to remove price caps from August 31, 2022. This can help an airline to perform better performance if they make early decisions regarding future courses of action after understanding and doing analysis. Which importance of the business environment and its understanding by managers is not highlighted above:

(a) It helps in improving performance

(b) It helps in assisting in planning and policy formulation

(d) It enables a firm to identify opportunities and get first mover advantage

Q11. Surya Ltd a manufacturing enterprise is replacing the old technology with a modern and more efficient set-up so that they can reduce costs and increase profitability. Which objective of management will the firm not be able to achieve by carrying out this process?

(a) Efficiency

(b) Social

(d) Survival

Q12. Whats App was the first application for mobile chat. Afterwards, many other applications came but Whats App is still the No1 mobile chat app. Which point of importance of the business environment is highlighted?

(a) Helps in tapping resources

(b) Helps in policy-making

(d) Helps in identifying opportunities and taking first-mover advantage

Q13. Identify the reason which makes management important because it is generally seen that managers in an organization try to reduce costs and increase productivity.

(a) Management helps in achieving group goals.

(b) Management creates a dynamic organization

(d) Management helps in the development of society.

Q14. Radha started a home-cooked food delivery Dabba service. Her mother, who is a great cook, decided to help her. They relied on friends and family for orders and then on word of mouth. As a step in the process of ensuring that activities are performed as per her plan of supplying healthy, good quality, reasonable food and earning a profit, she decided to keep both qualitative and quantitative benchmarks towards which she would strive to work. The function of management is discussed above. An important characteristic of this function of management is :

(a) It is the first function of management

(b) It is the Last function of management

(d) It is required only in business organizations.

Q15. ________________ is a number assigned to each transaction by the stock exchange and is printed on the contract note.

(a) Client code number

(b) Unique order code

(d) Depository participant number

Q16. Match the various terms of Financial Markets Column - I with their respective Statements in Column II

Column I Column II

A Financial market i. It is also known as the Stock market

B Primary market ii. It is a market for the creation and exchange of financial assets

C Secondary market iii. It is also known as the New issue market

(a) (ii), (iii), (i)

(b) (i), (iii), (ii)

(d) (i), (ii), (ii)

Q17. One of the following is considered to be an extension of the marketing concept, which apart from customer satisfaction pays attention to ethical and ecological aspects of marketing. Identify the concept.

(a) Selling concept

(b) Product concept

(d) Societal Marketing concept

Q18. Naina has 1000 equity shares of a company. She wants to sell 500 shares. Which market should she approach?

(a) Money market

(b) Capital market

(d) Stock market

Q19. X Ltd works towards bringing continuous improvement in the quality of the product. Identify the concept of marketing they lay emphasis on.

(a) Selling concept

(b) Product concept

(d) Societal Marketing concept

Q20. Arrange the steps involved in the trading procedure at the stock exchange in the correct sequence:

i) Settlement of order

ii) Opening of Demat Account

iii) Placing of order

iv) Execution of order

(a) (ii) ; (iv);( iii);(i)

(b) (ii) ;(i) ;(iii);(ii)

(d) (ii);(iii);(iv);(i)

Answers:

1. (b) Departmentalisation

2. (b) Selecting an alternative

3. (c) Analysing deviations

4. (a) Uncertainty

5. (d) Heads do not get training for top management positions

6. (a) Organization structure

7. (c) Political environment

8. (a) Both Assertion (A) and Reason (R) are true and (R) is the correct explanation of (A)

9. (d) Both the statements are false

10. (c) It helps in tapping useful resources

11. (b) Social

12. (d) Helps in identifying opportunities and taking first-mover advantage

13. (c) Management increases efficiency

14. (c) It is both forward-looking and backwards-looking.

15. (b) Unique order code

16. (a) (ii), (iii), (i)

17. (d) Societal Marketing concept

18. (d) Stock market

19. (b) Product concept

20. (d) (ii);(iii);(iv);(i)

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Thursday 11 January 2024

Class 12 Business Studies - MCQs (2023-24) - From Sample Question Papers #BusinessStudiesMCQs #eduvictors

Class 12 Business Studies - MCQs (2023-24) - From Sample Question Papers

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