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Important Questions for CBSE (Commerce) Class 12 - CBSE - Business Studies

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Explain any five points which highlight the importance of controlling function of management.

Appears in 16 question papers
Chapter: [1.07] Controlling
Concept: Importance of Controlling

State any three points of importance of planning function of management.

Appears in 13 question papers
Chapter: [1.04] Nature and Significance of Management
Concept: Management Functions

Metlapp Networks and Technologies Ltd. is a leader in technology innovation in the United States, creating products and solutions for connecting the world. It has a large research and evelopment team which invented the first smartwatch, named as W-7. The watch besides showing the time also monitors few health parameters like a heartbeat, blood pressure etc.

While in search of markets abroad, the company found that in India, the reform process was underway with the aim of accelerating the pace of economic growth. The company decided to take advantage of simplified export procedure and removal of quantitative as well as tariff restrictions in India.

It set up its office in Jamnagar with a view to capturing the Indian market. In a short span of time, the company emerged as a market leader. The success of the company attracted many other players to enter the market. The competition resulted in the reduction in prices, thereby benefiting the customers.

1) In the above paragraph, two major concepts related to government policy have been discussed. Identify and explain these concepts.

2) Also, explain briefly any three impacts of these concepts on Indian business and industry.

Appears in 9 question papers
Chapter: [1.08] Management and Business Environment
Concept: Impact of Government Policy Changes on Business with Special Reference to Liberalization, Privatization and Globalization in India

Distinguish between Capital Market and Money Market on the basis of the following:

Participants

Appears in 9 question papers
Chapter: [2.02] Financial Markets
Concept: Types of Financial Markets

'Though advertising is one of the most frequently used the medium of promotion of goods and services, it attracts a lot of objections.' Explain any four such objections.

Appears in 9 question papers
Chapter: [2.03] Marketing Management
Concept: Concept of Advertising (Marketing)

Indian Youth Organisation (IYO) organised a visit of its members to an old age home to inculcate the habit of social work among them. The visit revealed that the living conditions of the inmates of the old age home were not hygienic. So, the IYO members decided to clean the premises. During their cleanliness drive, they realised that the old age home also required pest control. But some of the inmates of old age home were reluctant for it because they believed that the pest control may create health problems for them. IYO therefore decided to provide ethical, safe and odourless pest control. They showed to the inmates of old age home a pamphlet of the proposed pest control product which promised easy, inexpensive and long-lasting pest control. The inmates happily agreed and the pest
control was carried out. It worked for a fortnight but to their dismay, the effect started wearing off. IYO contacted the pest control company which kept on postponing their visit. After waiting for a month, IYO filed a case in the consumer court.

The consumer court was satisfied with the genuineness of the complaint and issued necessary directions to the pest control company

1) State any six directions that might have been issued by the court.

2) Also, identify any two values that are being communicated by IYO to the society.

Appears in 9 question papers
Chapter: [2.04] Consumer Protection
Concept: Concept of Consumer Protection

Aman Chadha started 'Bulls Eye' a company for providing cyber security solutions to businesses. Its objective is to prevent, detect and respond to cyber attacks and protect critical data. He was a hardworking software engineer and an expert in cybersecurity. His reputation grew by leaps and bounds as he was not only a person of integrity but also did his work with utmost honesty and sincerity. The business started growing day by day.

He was delighted when he was offered a big project by the Ministry of Defence. While working on the project, he found that the volume of work made it impractical for him to handle all the work by himself. He decided to expand the team. The company maintained a close liaison with a local engineering college. During a campus placement, Ishan and Vrinda were appointed to work for the new project.

He found the new employees capable. Enthusiastic and trustworthy. Aman Chadha was thus, able to focus on objectives and with the help of Ishan and Vrinda, the project was completed on time. Not only this Aman Chadha was also able to extend his area of operations. On the other hand, Ishan and Vrinda also got opportunities to develop and exercise initiative.

1) Identify and briefly explain the concept used by Aman Chadha in the above case which helped him in focusing on objectives.

2) Also, state any four points of importance of the concept identified in (i) above.

Appears in 9 question papers
Chapter: [2.04] Consumer Protection
Concept: Consumer Protection Act 1986

State any three limitations of planning

Appears in 8 question papers
Chapter: [1.05] Planning
Concept: Limitation of Planning

State the steps in the process of controlling.

Appears in 8 question papers
Chapter: [1.07] Controlling
Concept: Concept of Controlling

Write short notes on  Importance of financial planning

Appears in 8 question papers
Chapter: [2.01] Financial Management
Concept: Importance of Financial Planning

State any four functions of 'Stock Exchange.'

Appears in 8 question papers
Chapter: [2.02] Financial Markets
Concept: Stock Exchange

Distinguish between Capital Market and Money Market on the basis of the following:

Instruments

Appears in 8 question papers
Chapter: [2.02] Financial Markets
Concept: Types of Financial Markets

Give the meaning of Method as a type of plan

Appears in 7 question papers
Chapter: [1.05] Planning
Concept: Concept of Planning

What is meant by 'business environment'?

Appears in 7 question papers
Chapter: [1.08] Management and Business Environment
Concept: Concept of Business Environment

What is meant by financial management?

Appears in 7 question papers
Chapter: [2.01] Financial Management
Concept: Concept of Financial Management

The financial market plays an important role in the allocation of scarce resources in an economy by performing many important functions.’ Explain any three such functions

Appears in 7 question papers
Chapter: [2.02] Financial Markets
Concept: Concept of Financial Markets

Differentiate between `capital-market' and 'money-market' on the following basis:

Duration

Appears in 7 question papers
Chapter: [2.02] Financial Markets
Concept: Types of Financial Markets

Explain briefly any two points of importance of consumer protection from the point of view of the business.

Appears in 7 question papers
Chapter: [2.04] Consumer Protection
Concept: Concept of Consumer Protection

Explain any four characteristics of 'principles of management.'

Appears in 6 question papers
Chapter: [1.01] Principles of Management
Concept: Concept of Principles of Management

Why employees become lethargic when the organisation uses internal sources of recruitment? State.

Appears in 6 question papers
Chapter: [1.02] Staffing
Concept: Staffing - Recruitment Process
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