CLASS 12 (CBSE )
Unit Test -2 (2020-21)
CLASS: XII MAX MARKS: 80
SUB: Business Studies TIME: 3Hrs
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General Instructions:
Answer all questions
All parts of a question should be attempted at one place.
Questions 1 to 20 (1mark); Questions 21to 25 (3marks); Questions 26to 28 (4marks)
Questions 29to 31 (5marks) Questions 32to 34(6marks)
_______________________________________________________________________________________
“Management is the systematic body of knowledge that explains certain general truths.” Identifying the nature of the management highlighted in the statement.
Coordination is the function of the top management (State True or False)
Principles of management have been developed on the basis of ______________
Tina a manager of Shikhar Automobiles Ltd., establishes an atmosphere that encourages employees to do their best. She also creates an environment that makes them want to work. She directs through praise and criticism in such a way that it brings out the best in the employee.
Due to entry of foreign firms, competition for Indian firms has increased, especially in service industries. Name such industries
It is the process by which government control over the industry is being loosened. Give the term to which statement is trying to indicate
Shifts in demand from typewriters to computer based word processors is an example of ___________________environment of business
The fund raising cost is called _____________________
Debt is cheaper but is more risky for a business because ___________________________
A company cannot use debt beyond a point (State True or False)
___________ is about the quantum of finance to be raised from various long term sources
a) Investment Decision b)Financing Decision
c) Dividend Decision d) Capital Budgeting Decision
The time lag between the placement of order and the actual receipt of the materials is called ______
Production Cycle b) Processing Cycle c) Operating Cycle d) Lead time
Which of the following is not a participant in the money market?
RBI b) SEBI c)Mutual Funds d) NBFCs
Commercial Paper is a short term unsecured promissory note having a maturity period of_______
91 days to one year c) one day to 15 days
15 days to one year d) one year
‘Needs’ and ‘Wants’ are one and the same thing (State True or False with reason)
What is Marketing Mix?
___________________ is referred to as the essence of marketing
Price b) Product c) Exchange d) Customer Satisfaction
What is Demat Account?
Match the columns
Business firms set up consumer cell A) Labelling
Consumer Organisations take active part in creating
Awareness about consumer rights and reliefs B)AGMARK
Quality Certification mark used for agricultural products C) Right to be heard
Component of product mix that helps the consumer to D) Right to Consumer
exercise the right to information education
What is Certificate of Deposit
OR
What is bridge financing
Enumerate the three economic objectives of management
OR
Ashitha and Laksh are employees working in Galaxy Enterprises dealing in jewellery. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at a the cost of 55,000, whereas Laksh was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ahsitha and Laksh are efficient and effective
Explain briefly the redressal mechanism available to consumers under the Consumer Protection Act, 2019
ABC mart started its operations in the year 1954 and emerged as the market leader in the industry because of their original designs and efficiency in operations. They had a steady demand for their products but over the years, they found their market share declining because of new entrants in the field. The firm decided to review their operations and decided that in order to meet the competition, they need to study and analyse the market trends and then design and develop their products accordingly.
Explain any three factors affecting determination of the price of a product and service
Discuss the objectives of financial planning
A capital budgeting decision is capable of changing the financial fortunes of a business. Do you agree? Give reasons for your answer.
Shyam bought a pain relieving ointment after seeing it being displayed in the chemist’s shop. The ointment tube was packed in a cardboard box. Identify the different levels of packaging of the medicine, when it was purchased by Shyam. Also state any two functions of packaging.
Praveen purchased an ISI marked washing machine of a famous brand ‘MG’ from AG Electronics Ltd. The shopkeeper asked him to wait for two days for installation of the machine. His friend Vivek, was very fond of experimenting with new electronic products. He told Praveen that there is no need to wait for the company’s representative to install the machine and that he could do it. So, both of them installed the machine without following the manufacturer’s instructions. Initially, the machine worked effectively and the wash was good. But after two days, the machine started stopping in between the wash cycle. Praveen and Vivek tried their best to start the machine but failed in their efforts. Praveen, therefore, approached AG Electronics Ltd., which refused to provide any service on the plea that the installation of the machine was not done by the company.
State the responsibility which Praveen had to fulfill as an aware consumer to get the services of the company
Explain briefly any two rights which Praveen could have exercised had he fulfilled his responsibility identified in part (a)
Explain the functions of Stock Exchange
OR
Explain the various money market instruments.
The Manager of Impact Enterprise, dealing in cosmetics, is facing the problem of poor sales. Suggest the four promotional measures that he can undertake to improve the sales. Also, name the factors affecting their choice
Explain briefly any five factors affecting working capital requirements of a business
State the first six steps which are involved in the screen-based trading for buying and selling of securities in the secondary market.
Advertising and Personal Selling both are communication tools used by the marketers to promote their products. Yet they differ in their approach. Differentiate between the two by giving six differences.
Explain the various ways in which companies responded to changes in the business environment
OR
Define Coordination. State any five points highlighting the importance of coordination in an organization
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