CBSE Class 12 Business Studies Exam Board MCQs Set 03

Question. Control is exercised:
a) When something goes wrong
b) When the efficiency is to be improved
c) Regularly
d) When the management desires

Answer: B

Question. Corrective action is a part of:
a) Planning
b) Organising
c) Controlling
d) All of the options

Answer: C

Question. Aditi, a manager, expects her subordinates to adapt to new environment and working conditions without giving them time to settle down. Which principle of management is being overlooked?
a) Initiative
b) Espirit De Corps
c) Stability of personnel
d) Equity

Answer: C

Question. Which type of plan provides a basis for interpreting strategy?
a) Policy
b) Rule
c) Objectives
d) Budget

Answer: A

Question. Name the process of searching for prospective employees and stimulating them to apply for jobs in an organisation.
a) Recruitment
b) Selection
c) Placement
d) Orientation

Answer: A

Question. This provides the requisite amount, quality, timing and sequence of efforts which ensure that planned objectives are achieved with minimum conflict.
a) Management
b) Coordination
c) Delegation
c) Organising

Answer: B

Question. Which money market instrument is used to finance credit sales of firms?
a) Commercial bill
b) Commercial paper
c) Certificate of deposit
d) Call money

Answer: A

Question. Which market deals in sale purchase of previously issued securities?
a) Money market
b) Capital market
c) Primary market
d) Secondary market

Answer: D

Question. Which of the following falls in the category of Zero coupon Bond
a) Treasury bill
b) Commercial paper
c) Certificate of deposit
d) Commercial bill

Answer: A

Question. Name the technique of scientific management which differentiates between efficient and inefficient workers.
a) Fatigue Study
b) Functional Foremanship
c) Simplification
d) Differential Piece Wage System

Answer: D

Question. The process of converting the message into communication symbols is known as
a) Media
b) Encoding
c) Feedback
d) Decoding

Answer: B

Question. Controlling involves:
a) Comparison of actual and standard performance
b) Checking deviations
c) Taking corrective actions
d) All of the options

Answer: D

Question. In which channel, manufacturers sell the goods directly to the customers?
a) Direct channel
b) One level channel
c) Two level channel
d) Three level channel

Answer: A

Question. Which concept of marketing emphasise on availability and affordability of the product?
a) Marketing concept
b) Product concept
c) Sales concept
d) Production concept

Answer: D

Question. Which tool of promotion mix is an impersonal paid form of communication?
a) Sales promotion
b) Personal selling
c) Publicity
d) Advertisement

Answer: D

Fill in the blanks

Question. An established_________________________ helps to build goodwill of the firm and increase in sales.
Answer: Brand name

Question. _____________________ creates time utility.
Answer: Warehousing

Question. Mental revolution is a part of____________ management.
Answer: Scientific

Question. _____________________ is known as the father of scientific management.
Answer: F.W. Taylor

Question. Functional foremanship is an extension of________________________.
Answer: Division of work

Question. _________________ mix involves decision regarding channels of distribution, transportation, warehousing, etc.
Answer: Place

Question. In ____________________________ market, prices of securities are determined by demand and supply of the securities.
Answer: Secondary

Question. ___________________ was established to protect the interests of investors and to develop and regulate the securities market.
Answer: SEBI

Question. ___________________ market requires less investment as value of securities is generally low.
Answer: Capital

Question. According to _________________, consumer has the right to get relief against any unfair trade practice.
Answer: Right to seek redressal

Question. According to _________________, consumer has the right to file a complaint in case of dissatisfaction.
Answer: Right to be heard

Question. According to _________________, consumer has the right to select from a variety of goods and services at competitive prices.
Answer: Right to choose