BUSINESS STUDIES SAMPLE PAPER 5 CLASS 12 TERM 1

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BUSINESS STUDIES SAMPLE PAPER 5 CLASS 12 TERM 1

In today’s world, the flow of goods and services is not only cheap and fast, but reliable and secure. You can order anything you wish from any part of the world. Internet has been connecting people without any limitations or boundaries in the way of doing business. Identify the concept being described in the above lines.
(a) Liberalisation
(b) Globalisation
(c) Demonetisation
(d) Privatisation

Micromax was India’s largest seller of mobile handsets. It launched low-cost Chinese manufacturing with some smart packaging and features like long-lasting batteries and dual-sim functionality to garner 20% market share in India’s value-conscious mobile handset market. Identify the two types of plans being described in the above lines.
(a) Strategy and objective
(b) Rule and Programmed
(c) Programmed and objective
(d) Method and objective
Which of the following is not a merit of formal organization?
(a) It is easier to fix responsibility for mistakes.
(b) Scalar chain of command is followed.
(c) It leads to effective achievement of organizational goals.
(d) It leads to faster spread of information and rapid feedback.
This technique of scientific management helps in development of the concept of assembly line which is widely used in automobile companies these days as well. Identify the technique.
(a) Motion study
(b) Standardization and simplification of work
(c) Method study
(d) Time study
Drishti Limited is a chain of trusted optical centers for prescription & fashion eyewear. It caters to affluent people with a range of premium sunglasses for men, women and kids. In order to raise the level of buyers’ satisfaction, the company has decided to create a special section in each of its outlets for handling customer complaints and adjustment requirements. Identify the type of marketing function described in the given lines.
(a) Product designing and development
(b) Customer support services
(c) Promotion
(d) Physical distribution
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Which of the following is not a designation related to top level management?
(a) President
(b) Vice-President
(c) Chairman
(d) Production Manager
On 8th November 2016, with the announcement from Government of India, all the ₹500 and ₹1,000 banknotes of the Mahatma Gandhi series have ceased to be a legal tender. The givemment also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetized banknotes. Identify the concept being described in the above lines.
(a) Globalization
(b) Liberalization
(c) Demonetization
(d) Privatization
According to a survey, these days the young children have more power in purchasing decisions than ever before. The parents seek their kids’ opinions about all kinds of once-adult decisions, including where to go for dinner, what kind of car to buy, even what to wear,”. Therefore, the retailers are adapting to this by enhancing their kids’ sections. If the children want to shop in the store for their clothes, then there’s a greater chance the parent will also see something they want to buy as well. Identify the type of plan being described in the above lines.
(a) Programmed
b) Method
(c) Strategy
(d) Rule
. Which of the following is not a demerit of formal organization?
(a) It may lead to procedural delays.
(b) It may lead to spreading of rum ours.
(c) It emphasizes on following rigidly laid down policies.
(d) It places more importance on work rather than the relationships.
Which of the following is an objective of time study?
(a) To determine the number of workers to be employed
(b) To formulate suitable incentive schemes
(c) To calculate the labor costs
(d) All of the above
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Eco friend Limited has decided to launch solar jackets, which will have an inbuilt solar charger as well. In order to make its product competitive, the company has decided to offer it for sale within the range of ^1500 to ^4000. Identify the related function of marketing being mentioned in the given case.
(a) Packaging and labelling
(b) Branding
(c) Pricing
(d) Promotion
Which of the following is not a designation related to middle level management?
(a) Operations Head
(b) Sales Manager
(c) Chief Operating Officer
(d) Divisional Manager
Which of the following is a feature of demonetization?
(a) Tax administration measure
(b) Channelizing savings into the formal financial system
(c) Development of less-cash economy*(d) All of the above
According to a survey of 250 consumer packaged goods (CPG) companies by a reputed
firm, 75% of brand owners say they’re going to spend significantly more on packaging as it is critical to their brand’s success.
Identify the type of plan being described in the above lines.
(a) Rule
(b) Programmed
(c) Strategy
(d) Method
Which of the following is not a feature of informal organization?
(a) It originates from within the formal organization.
(b) The standards of behaviour evolve from group norms.
(c) Scalar chain of command is not followed.
(d) It is deliberately created by the management.
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This technique of scientific management aims to determine the amount and frequency of rest intervals that should be provided to the employees during working hours.
(a) Time study
(b) Method study
(c) Motion study
(d) None of the above
Keeping in view the recent trends of sales regression, Sona Limited has decided to offer a flat 15% discount on all its products. Identify the related function of marketing being described in the given lines.
(a) Packaging and labelling
(b) Branding
(c) Pricing
(d) Promotion
Which of the following is not a designation related to lower level management?
(a) Plant Superintendent
(b) Supervisors
(c) Section officers
(d) Marketing Manager
A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalization, privatization and globalization has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.
(a) Increasing competition
(b) More demanding customers
(c) Necessity for change
(d) Market orientation
According to the World Health Organization, 39% of adults are overweight. Consequently in the U.K., a sugar tax was introduced in 2018 on beverages containing more than 5% sugar to curb sugar intake. Identify the type of plan being described in the above lines.
(a) Programmed
(b) Method
(c) Strategy
(d) Rule
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Which of the following is not a merit of informal organization?
(a) It leads to faster spread of information and speedy feedback.
(b) It helps to fulfill the social needs of the members.
(c) It .does not fulfill inadequacies in the formal organization.
(d) All of the above
The technique of differential piece rate system was developed by Taylor in order to
(a) Discriminate between efficient and inefficient workers
(b) Reward the efficient worker
(c) Motivate the inefficient workers to perform better
(d) All of the above
Be Cool Limited has decided to market its products through the conventional network of manufacturer-wholesaler-retailer-consumer. Identify the function of marketing being described in the above line.
(a) Physical distribution
(b) Transportation
(c) Warehousing
(d) Standardization and grading
Which of the following is a function of top level management?
(a) Ensuring quality of output
(b) Assigning necessary duties and responsibilities to their departments
(c) Taking responsibility for all the activities of the business and its impact on the society
(d) Ensuring that the safety standards are maintained within the organization.
According to the Economic Survey, insights from behavioral economics can be strategically utilized to create an aspirational agenda for social change – from BBBP (Beti Bachao Beti Padhao) to BADLAVL (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi); from Swachh Bharat to Sundar Bharat; from ‘Give It Up’ for the LPG subsidy to ‘Think about the Subsidy’ and from tax evasion to tax compliance. Identify the type of plan being described in the above lines.
(a) Programmed
(b) Method
(c) Strategy
(d) Rule
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Which of the following is not a demerit of informal organization?
(a) It leads to spreading of rum ours.
(b) It gives more importance to structure and work.
(c) It may restrict implementation of changes within the organization.
(d) It puts psychological pressure on members to conform to group expectations, even if they are against the interest of organization.
The application of this principle of management leads to higher production and better work for the same effort. Identify the related principle of general management.
(a) Discipline
(b) Equity
(c) Division of work
(d) Order
While reading the label of a pack of aluminum foil, Reshma discovered that the product was manufactured at Hyderabad but was available for sale in many states across the country. Identify the function of marketing which has made this possible.
(a) Physical distribution
(b) Standardization and grading
(c) Transportation
(d) Warehousing
Which of the following statements does not pertain to middle level management?
(a) They are responsible for all the activities of the operational managers.
(b) They are responsible for the welfare and survival of the organization.
(c) The interpreter the policies made by top level managers
(d) Co-operate with other departments for the smooth running of the organization.
Shubham wants to increase the sale of his business by 15% in the next quarter. Identify the type of plan being described in the above lines.
(a) Method
(b) Objective
(c) Strategy
(d) Programmed
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Which of the following is not an element of delegation?
(a) Responsibility
(b) Authority
(c) Accountability
(d) Decentralization
According to this principle of general management, “an organization should safeguard against abuse of managerial power, but at the same time a manager should have the necessary authority to carry out his responsibility.” Name the principle of management being described in the given statement.
(a) Discipline
(b) Authority and responsibility
(c) Unity of command
(d) Unity of direction
Ranjan’s business is being adversely affected due to the delay in delivery on account of poor weather conditions. Identify the marketing function which will be helpful to him in this regard.
(a) Physical distribution
(b) Standardization and grading
(c) Transportation
(d) Warehousing
Which of the following statements is not true for lower level management?
(a) Analyze the business environment and its implications for the survival of the business.
(b) Ensure the quality of the output
(c) They strive to reduce the wastage of resources
(d) They ensure that the safety standards are maintained within the organization.
Packaging is said to have the unique capacity to make products stand out in a crowded marketplace. Therefore, convenience of the consumer is at the top of mind of the marketers as they are focusing on developing packaging that’s easier to open, to protect against breakage, maintain freshness during delivery and keep a consistent look and feel across multiple channels. Identify the type of plan being described in the above lines.
(a) Programmed
(b) Method
(c) Strategy
(d) Rule
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It arises from the established scalar chain which links the various job positions and levels of an organization.
(b) Authority
(d) All of the above
(b) Top to bottom
(d) None of the above
Name the principle of management suggested by Henri Fayol, which advocates that, “there should be good superiors at all levels, clear and fair agreement and judicious application of penalties.”
(a) Authority and responsibility
(b) Esprit De Corps
(c) Order
(d) None of the above
Champ Limited is a company providing online education to school children of all the classes. Over the years, it has established a good reputation and a market share of 75%. However, in past 2 months, due to the entry of a new competitor in the same segment, the market share of the company has reduced by 20%. Identify the type of marketing factor which has adversely affected the sales of the company.
(a) Controllable factors
(b) Environmental factors
(c) Marketing mix
(d) None of the above
Identify the level of management which does not interact with the work force directly.
(a) Supervisory management
(b) Operational management
(c) First line managers
(d) Middle level management
Based on National Common Mobility Card standards, India’s first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines.
(a) Strategy
(b) Programmed
(c) Method
(d) Rule
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ANSWERS KEY:

1.B	11.C	21.C	31.D
2.A	12.C	22.D	32.B
3.D	13.D	23.A	33.D
4.C	14.C	24.D	34.B
5.B	15.D	25.A	35.C
6.D	16.D	26.A	36.B
7.A	17.D	27.C	37.D
8.C	18.D	28.C	38.B
9.B	19.A	29.B	39.D
10.D	20.C	30.B	40.A