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

Differentiate between the money market and the capital market.

Differentiate between the money market and the capital market.

Explain briefly any three semantic barriers to communication.

State any three limitations of planning.

State any three points of importance of financial planning.

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.

Explain the following technique of scientific management:

Time study

Write short notes on  Importance of financial planning

Answer the following question:
Explain briefly any two points of importance of consumer protection from the point of view of the business.

Explain any three points that highlight the importance of 'management.

What is meant by 'business environment'?

Explain the relationship between planning and controlling.

What is meant by financial management?

State the protective functions of the Securities and Exchange Board of India.

State the protective functions of the Securities and Exchange Board of India.

Explain the following function of marketing:

Standardisation

'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit?' Give reason in support of your answer.

Rishitosh Mukherjee has recently joined AMV Ltd, a company manufacturing refrigerators. He found that his department was under-staffed and other departments were not cooperating with his department for the smooth functioning of the organisation. Therefore, he ensured that his department has the required number of employees and its cooperation with other departments is improved.

1) Identify the level at which Rishitosh Mukherjee was working.

2) Also, state three more functions required to be performed by Rishitosh Mukherjee at this
level.

Mega Ltd. was manufacturing water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenues. After analysis, the company decided

1) to reduce the labour cost by shifting the manufacturing unit to a backward area where
labour was available at a very low rate.

2) to start manufacturing solar water-heaters and reduce the production of electric
water-heaters slowly.

This will not only help in covering the risks but also help in meeting other objectives too.

a) Identify and explain the objectives of management discussed above.

b) State any two values which the company wanted to communicate to the society.

Explain any four characteristics of ‘principles of management’.