List of top Business Studies Questions asked in CBSE CLASS XII

The legal framework in India requires manufacturers to provide information about ingredients, date of manufacture, quantity, price, directions for use, etc., on the label of the product. From the following, identify the consumer right that is satisfied by the firm by fulfilling the requirement:

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from the options given below: Assertion (A): When the allocative function is performed well, scarce resources are allocated to those firms which have the highest productivity for the economy.
Reason (R): Allocative function allocates or directs funds into their most productive investment opportunity.

Choose the incorrect statement with respect to demonetization:

Niyati is working as a teacher in a school in Mansarovar Garden. She always tells the children at the school not to pollute the environment and not to throw wrappers of chips and chocolates here and there. She always carries a bag with her to collect the wrappers and put them in the dustbin. By doing this, which responsibility of a consumer is she discharging?

'Mudro Infratech' got a short-term contract for building two villas within a period of ten months with the expectation to earn a huge amount of profit. The Works Manager accepted this challenge and completed the work within the given time period. The profit of the company went up by 40 due to this temporary order. The Finance Manager was aware that the company would not earn this huge profit in the near future. So, he decided not to increase dividend per share as earnings for the year had gone up, but not the earning potential of the company.
The factor affecting Dividend Decision being highlighted above is:

Raunaq, while studying at the university, felt that there should be a food joint in the university campus to provide food to students round the clock. After passing out of college, he set up 'Hunger Point,' a food joint with a varied menu ranging from burgers, pizzas, street food, and much more, in the university campus. For this, he obtained necessary permissions from the university administration. Since he was the first one to recognize the need for a food joint for all the students in an environment where students study day and night, it soon became a popular eating joint. Within six months, 'Hunger Point' started earning good profits.
Identify the point of importance of business environment discussed in the above case:

To motivate its employees on one side, 'Harshita Pearls' rewards them with an increase in pay, promotion, recognition, etc., whereas, on the other side, it stops increments, gives punishment, and threatens employees so that they may act in a desired manner. Which feature of motivation is being highlighted in the above case?

'Maslow's Need Hierarchy Theory' is based on certain assumptions. Identify the incorrect statement with respect to these assumptions:

Due to increasing presence of women in the workforce, 'Kisan Mart' comes out every Friday with big discount offers on daily use items to attract office-going women to shop on weekends. Which dimension of business environment is being highlighted in the above case?

________________ is concerned with designing jobs that include greater variety of work content, require a higher level of knowledge and skill, and give workers more autonomy while providing them the opportunity for personal growth and a meaningful work experience.

'Bonfast Cement Ltd.' supports seven villages with housing facilities, schools, safe drinking water, health, and hygiene. The company sends its employees to visit a nearby village every 15 days to provide support and to see whether the facilities provided are being implemented on the ground. The objective which 'Bonfast Cement Ltd.' is trying to achieve is:

____________________________ is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.

Financial market allocates or directs funds available for investment into the most productive investment opportunity. In doing so, it performs the ____________________________ function.

‘Vishesh Constructions', a construction company, decided to strictly implement 'No Helmet, No Entry’ and put the following sign at their construction sites:

Identify the type of plan indicated by the above sign:

Match the Marketing Management philosophies given in Column I with their main focus given in Column II:

After studying Entrepreneurship in Class XII, Neel completed a baking course and started a bakery, 'Cakes and Bakes'. He set a target of earning a modest 10% return on investment in the first year. As he was supplying healthy bakery products, the demand kept increasing. 'Cakes and Bakes' became a famous bakery in a year. He now wanted to develop a plan to define the direction and scope of 'Cakes and Bakes' for the long run. He made a marketing plan to decide if he could charge higher price to improve his return on investment, how to advertise the products, etc.
Quoting lines from the above paragraph, identify and explain two types of plans discussed in the above case.

Explain the following points of significance of principles of management:
(i) Providing Managers with Useful Insights into Reality
(ii) Scientific Decisions
(iii) Fulfilling Social Responsibility

Ashish wanted to purchase one LCD TV for his home. He decided to go to various stores selling electronic items to check the available varieties of different brands. One of his friends took him to a manufacturer selling LCD TV at almost half the price. The manufacturer described its various features and insisted that Ashish buys the LCD TV from him. Seeing the features, Ashish decided to buy the TV from him, even when the TV was not having any standardisation mark on it. When Ashish asked for the cash memo, the manufacturer discouraged him, saying that it will attract additional tax. He further told Ashish not to worry and promised that if there would be any problem with the TV, he would replace it immediately. The TV started malfunctioning within a month and Ashish asked for its replacement. The manufacturer refused to replace the LCD TV, telling him that the problem is due to mishandling of the TV. Ashish decided to file a complaint in the Consumer Court against the manufacturer.
(i) Identify and explain two consumer rights discussed in the above case

State two consumer responsibilities that Ashish did not fulfil while buying the LCD

Differentiate between 'Formal Organization' and 'Informal Organization' on any six bases.

Explain any four points of importance of Planning function of management.

Nalini has an online flower and gifts retail business. She has eight outlets in four cities of India. From November to February, during the wedding season, the demand shoots up. She coordinates the efforts of her staff in a conscious and deliberate manner and plans for the wedding season demand in the month of June itself. She ensures that there is adequate workforce and continuously monitors whether work is proceeding according to plans. She also briefs the marketing department in time to prepare their promotional and advertising campaigns. Thus, her coordination with all departments of the organization begins at the planning stage and continues till controlling. This acts as a binding force between the departments and ensures that all action is aimed at achieving organizational goals. As a result, Nalini is able to give a common focus to group effort to ensure that the business is performing as planned, year after year.
Quoting lines from the above paragraph, identify and explain four features of an important concept of management highlighted in the above case.

Explain the following principles of Scientific Management:

Ashwin was a fashion designer. On losing his job, he decided to sell the designer clothes online under the brand name 'Kogue.' The garments were made of good quality fabric with intricate designs and skilled craftsmanship, making them expensive to produce. Realizing that the online market is very competitive, he decided to charge a reasonable price for the garments. The price would cover the cost of production and sale of garments as well as give him a 10\% margin over and above the cost.
Identify and explain two factors affecting the price determination discussed in the above case.

Distinguish between Primary Market and Secondary Market on any four bases.