Bihar Board 12th Business Studies Objective Important Questions Part 1 in English

Bihar Board 12th Business Studies Objective Important Questions Part 1 in English

BSEB Class 12th Business Studies Objective Important Questions Part 1 in English

Question 1.
Henri Fayol was a ………….
(a) Scientist
(b) Mining engineer
(c) Accountant
(d) Production engineer
Answer:
(b) Mining engineer

Question 2.
Of all managerial activities planning is the
(a) Begining
(b) End
(c) Begining and End both
(d) None of these
Answer:
(b) End

Question 3.
Staffing is
(a) Part of organisation
(b) Function of Management
(c) Part of personnel Management
(d) All of the above
Answer:
(d) All of the above

Question 4.
How are the principles of Management formed?
(a) In a laboratory
(b) By experiences of managers
(c) By experiences of customers
(d) By propagation of social scientists
Answer:
(b) By experiences of managers

Question 5.
The following is not an objective of Management
(a) Earning profits
(b) Growth of the organisation
(c) Providing employment
(d) Policy making
Answer:
(c) Providing employment

Question 6.
Controlling is the aspect of management
(a) theoretical
(b) practical
(c) mental
(d) physical
Answer:
(b) practical

Question 7.
Commercial bill is written
(a) by purchaser
(b) by seller
(c) by bank
(d) by the government
Answer:
(b) by seller

Question 8.
Marketing concept is
(a) Production-oriented
(b) Sales-oriented
(c) Customer-oriented
(d) All of three
Answer:
(d) All of three

Question 9.
Which of the following statements best describes the principle of ’Division of work’?
(a) Work should be divided into small tasks
(b) Labour should be divided
(c) Resources should be divided among jobs
(d) It leads to specialisation
Answer:
(d) It leads to specialisation

Question 10.
Management control is done
(a) by lower level managers
(b) by middle level managers
(c) by top level managers
(d) It leads to specialisation
Answer:
(d) It leads to specialisation

Question 11.
Money market deals in
(a) Short term funds
(b) Medium term funds
(c) Long term funds
(d) None of these
Answer:
(a) Short term funds

Question 12.
Treasury Bills are basically
(a) An instrument to borrow short term funds
(b) An instrument to borrow long term funds
(c) An instrument of capital market
(d) None of the above
Answer:
(a) An instrument to borrow short term funds

Question 13.
Policy formulation is the function of
(a) top level managers
(b) middle level managers
(c) operational management
(d) all of the above
Answer:
(a) top level managers

Question 14.
Consumer dispute settlement agencies are
(a) District Forum
(b) State commission
(c) National commission
(d) All of the above
Answer:
(d) All of the above

Question 15.
There is no discipline in ……….. Organisation.
(a) formal
(b) divisional
(c) functional
(d) informal
Answer:
(d) informal

Question 16.
Goods may be purchased on the basic of
(a) inspection
(b) pattern and sample
(c) desciption and brand
(d) all of the above
Answer:
(d) all of the above

Question 17.
The cheapest source of Finance is
(a) debenture share
(b) equity share capital
(c) preference share
(d) retained earning
Answer:
(b) equity share capital

Question 18.
Supervisor is ……….. of the workers.
(a) friend
(b) guide
(c) philosopher
(d) all of these
Answer:
(d) all of these

Question 19.
Budget refers to
(a) Planned target of performance
(b) Use of handling future activities
(c) Systematic action and allocation of resources
(d) Statement of expected results expressed in numerical terms
Answer:
(d) Statement of expected results expressed in numerical terms

Question 20.
In which form of Management science is?
(a) Pure science
(b) Soft Science
(c) Semi Science
(d) None of these
Answer:
(a) Pure science

Question 21.
Recruitment in the life of Organisation is done
(a) Once
(b) Twice
(c) Occasionally
(d) Continuously
Answer:
(d) Continuously

Question 22.
Marketing means
(a) Transfer of ownership
(b) Formation of marketing policies
(c) Salesmanship and sales promotion
(d) All of the above
Answer:
(c) Salesmanship and sales promotion

Question 23.
Which of the following is not a principle of Management given by Taylor?
(a) Science, not rule of thumb
(b) Functional foremanship
(c) Co-operation, not individualism
(d) Harmony, not discord
Answer:
(b) Functional foremanship

Question 24.
Which of the following is not a controlling technique?
(a) Break-even analysis
(b) Cash flow statement
(c) Budget
(d) Managerial Audit
Answer:
(b) Cash flow statement

Question 25.
In India Entrepreneurial development programme is
(a) Necessary
(b) Unnecessary
(c) Wastage of time
(d) Wastage of money
Answer:
(a) Necessary

Question 26.
The disputes coming under Consumer Protection Act are
(a) dispute as to shares of company
(b) Dispute as to service
(c) Dispute as to sale of defective goods by the seller
(d) None of these
Answer:
(c) Dispute as to sale of defective goods by the seller

Question 27.
Stock exchange protects the interest of
(a) Investors
(b) Company
(c) Government
(d) None of these
Answer:
(a) Investors

Question 28.
Which of the following is not an element of promotion mix?
(a) Advertisement
(b) Personal selling
(c) Sales Promotion
(d) Product Development
Answer:
(c) Sales Promotion

Question 29.
Co-ordination is
(a) Voluntary
(b) Necessary
(c) Unnecessary
(d) Wastage of time
Answer:
(b) Necessary

Question 30.
Principles of Management are
(a) Dynamic
(b) Flexible
(c) Universal
(d) All of the above
Answer:
(d) All of the above

Question 31.
……….. refers to those general statements which are decided for the guidance of the employees while taking decision.
(a) Objectives
(b) Strategy
(c) Policies
(d) All of the above
Answer:
(c) Policies

Question 32.
In the process of delegation, accountability can not be
(a) shared
(b) delegated
(c) neither (a) and nor (b)
(d) both (a) and (b)
Answer:
(d) both (a) and (b)

Question 33.
Management itself expands
(a) Through delegation
(b) Through centralisation
(c) Through decentralisation
(d) Through all
Answer:
(d) Through all

Question 34.
Control is the …………. function of the Management.
(a) first
(b) last
(c) third
(d) second
Answer:
(b) last

Question 35.
The leader takes work from his subordinates
(a) by tact
(b) by rod
(c) by threatening
(d) none of these
Answer:
(a) by tact

Question 36.
The foremost need of development in a country is of
(a) Physical Resources
(b) Economic Resources
(c) Human Resources
(d) Efficient Management
Answer:
(d) Efficient Management

Question 37.
A good plan is
(a) Rigid
(b) Expensive
(c) flexible
(d) Time consuming
Answer:
(c) flexible

Question 38.
Which of the following is not a staffing function?
(a) Planning
(b) Recruitment
(c) Selection
(d) Training
Answer:
(a) Planning

Question 39.
Effective controlling is
(a) Static
(b) Determined
(c) Dynamic
(d) All the above
Answer:
(c) Dynamic

Question 40.
Liquidity is created by
(a) Organised market
(b) Unorganised market
(c) Primary Market
(d) Secondary Market
Answer:
(d) Secondary Market

Question 41.
Which of the following is not the tool of sales promotion?
(a) Samples
(b) Prize in packet
(c) Coupons
(d) Publicity
Answer:
(a) Samples

Question 42.
Modern approach of financial management is
(a) procurement of funds
(b) utilisation of funds
(c) (a) and (b) both
(d) None of these
Answer:
(c) (a) and (b) both

Question 43.
The functions of Entrepreneur are
(a) To imagine business idea
(b) To study project feasibility
(c) To set up enterprise
(d) all of the above
Answer:
(d) all of the above

Question 44.
Which of the following is function of packaging?
(a) Protection
(b) Convenience
(c) Indentification
(d) All of the above
Answer:
(d) All of the above

Question 45.
Planning is not the remedy of all business evils, because
(a) Planning is generally biased and time consuming
(b) Planning is goal oriented
(c) Planning enables us to face future uncertainties
(d) Planning improves competitive strength Ans. (b)
Answer:
(b) Planning is goal oriented

Question 46.
Which of the following is a determinant of Capital structure?
(a) Cash Flow Statement
(b) Interest Coverage Ratio
(c) Debt Service Coverage Ratio
(d) All of the above
Answer:
(a) Cash Flow Statement

Question 47.
Which of the following is not a characteristic of Entrepreneurship?
(a) Risk taking
(b) Innovation
(c) Creative activity
(d) Managerial training
Answer:
(d) Managerial training

Question 48.
Grapevine Communication is
(a) informal
(b) formal
(c) written
(d) none of these
Answer:
(a) informal

Question 49.
The foremost stock exchange in the world was established in
(a) Delhi
(b) London
(c) America
(d) Japan
Answer:
(b) London

Question 50.
State Commission can settle consumer disputes
(a) up to Rs 5 lakh
(b) up to Rs 10 lakh
(c) up to Rs 20 lakh
(d) Above Rs 20 lakh
Answer:
(d) Above Rs 20 lakh

Question 51.
How many levels of management are?
(a) 3
(b) 4
(c) 5
(d) 6
Answer:
(a) 3

Question 52.
The main function of management according to Koontz O’Donnel are
(a) 2
(b) 4
(c) 6
(d) 8
Answer:
(a) 2

Question 53.
The father of Scientific management was:
(a) Gilbreth
(b) Taylor
(c) Robertson
(d) Watson
Answer:
(b) Taylor

Question 54.
Mental Revoultion in the essence of
(a) Scientific management
(b) Combination
(c) Rationalisation
(d) Profession
Answer:
(a) Scientific management

Question 55.
When scientific management was introduced?
(a) 1913
(b) 1832
(c) 1903
(d) 1920
Answer:
(a) 1913

Question 56.
Entrepreneurial Development programme provides?
(a) Self-employment
(b) Education & training
(c) Skill increment
(d) All of these
Answer:
(a) Self-employment

Question 57.
Entrepreneurial Development Institute of India is situated in:
(a) Ahmedabad
(b) Mumbai
(c) New Delhi
(d) Chennai
Answer:
(a) Ahmedabad

Question 58.
Which of the following sentence is not a characteristic of entrepreneurship?
(a) Risk taking
(b) Innovation
(c) Creative activity
(d) Managerial training
Answer:
(d) Managerial training

Question 59.
“Management is a profession.” This statement is of:
(a) George R. Terry
(b) American Management Association
(c) Henry Fayol
(d) Lawrence A Appley
Answer:
(b) American Management Association

Question 60.
The essence of management is:
(a) Co-ordination
(b) Organisation
(c) Staffing
(d) Controlling
Answer:
(a) Co-ordination

Question 61.
Co-ordination is
(a) Function of management
(b) The essence of management
(c) An objective of management
(d) None of the above
Answer:
(b) The essence of management

Question 62.
Henri Fayol was a
(a) Social scientist
(b) Mining minister
(c) Accountant
(d) Production Engineer
Answer:
(b) Mining minister

Question 63.
Which of the following does not characterise the business environment?
(a) Uncertainty
(b) Employees
(c) Relativity
(d) Complexity
Answer:
(b) Employees

Question 64.
Which of the following is not an element of delegation?
(a) Accountability
(b) Authority
(c) Responsibility
(d) Informal organisation
Answer:
(d) Informal organisation

Question 65.
For delegation to be effective it is essential that responsibility be accompained with necessary
(a) Authority
(b) Manpower
(c) incentives
(d) Promotions
Answer:
(a) Authority

Question 66.
Which one of the following is not an element of direction?
(a) Motivation
(b) Communication
(c) Delegation
(d) Supervision
Answer:
(c) Delegation

Question 67.
Which of the following is a financial incentive?
(a) Promotion
(b) Stock Incentive
(c) Tab security
(d) Employee Participation
Answer:
(b) Stock Incentive

Question 68.
Grapevine is
(a) Formal Communication
(b) Barrier of communication
(c) Lateral Communication
(d) Informal communication
Answer:
(d) Informal communication

Question 69.
Controlling function of an organisation is
(a) Forward looking
(b) Backward looking
(c) Forward as well as backward looking
(d) All of the above
Answer:
(c) Forward as well as backward looking

Question 70.
Budgetary control requires the preparation of
(a) Training schedule
(b) Budgets
(c) Network diagram
(d) Responsibility centres
Answer:
(b) Budgets

Question 71.
The cheapest source of finance is
(a) debentures
(b) equity share capital
(c) preference share
(d) retained earning
Answer:
(a) debentures

Question 72.
A fixed asset should be financed through
(a) a long term liability
(b) a short term liability
(c) a mix of long and short term liability
(d) None of these
Answer:
(a) a long term liability

Question 73.
Primary and secondary markets
(a) Complete with each other
(b) Complement each other
(c) Function independently
(d) Control each other
Answer:
(c) Function independently

Question 74.
Total number of stock exchanges in India are
(a) 20
(b) 21
(c) 22
(d) 23
Answer:
(b) 21

Question 75.
National stock exchange of India was recognised as stock exchange in the year
(a) 1992
(b) 1993
(c) 1994
(d) 1995
Answer:
(b) 1993

Question 76.
Entrepreneurs undertake
(a) Calculated risks
(b) Moderate and calculated risks
(c) Low risks
(d) High risks
Answer:
(a) Calculated risks

Question 77.
In economics, which of the following is not a function of the entrepreneur?
(a) Risk taking
(b) Provision of capital and organisation of production
(c) Innovation
(d) Day to day conduct of business
Answer:
(d) Day to day conduct of business

Question 78.
Communication is a
(a) One-way process
(b) Two-way process
(c) Multiway process
(d) None of these
Answer:
(b) Two-way process

Question 79.
The main function of financial management are
(a) Procurement of funds
(b) Allocation of profits
(c) Utilisation of funds
(d) None of these
Answer:
(d) None of these

Question 80.
Which of the following is not a current assets?
(a) Bills Receivable
(b) Stock
(c) Preliminary Expenses
(d) None of these
Answer:
(b) Stock

Question 81.
Capital market deals in
(a) Short-term funds
(b) Medium-term funds
(c) Long-term funds
(d) None of these
Answer:
(a) Short-term funds

Question 82.
Taxes levied on imports into a country are called
(a) Tariffs
(b) Quota
(c) Duties
(d) Barriers
Answer:
(c) Duties

Question 83.
The first stock exchange in India was established in
(a) In 1857
(b) In 1887
(c) In 1877
(d) In 1987
Answer:
(c) In 1877

Question 84.
A product which you can touch is
(a) A service
(b) A Goods
(c) An Expression
(d) A Concept
Answer:
(b) A Goods

Question 85.
What is/are the stage(s) of a product life cycle?
(a) Introduction
(b) Growth
(c) Decline
(d) All of these
Answer:
(b) Growth

Question 86.
Advertising is
(a) Important
(b) Wastage
(c) Compulsory
(d) None of these
Answer:
(d) None of these

Question 87.
At break even point total cost is equal to
(a) Fixed Cost
(b) Selling Price
(c) Total Revenue
(d) None of these
Answer:
(c) Total Revenue

Question 88.
Marketing expenditure is a burden on
(a) Industry
(b) Businesmen
(c) Consumers
(d) None of these
Answer:
(c) Consumers

Question 89.
Marketing mix includes
(a) Product
(b) Price
(c) Place
(d) All of these
Answer:
(d) All of these

Question 90.
For business marketing is
(a) Compulsory
(b) Luxury
(c) Necessary
(d) Unnecessary
Answer:
(a) Compulsory

Question 91.
Wholesalers sell goods to
(a) Consumers
(b) Retailers
(c) Authorised Dealers
(d) None of them
Answer:
(b) Retailers

Question 92.
Consumer Protection Act was passed on
(a) In 1996
(b) In 1786
(c) In 1880
(d) None of these
Answer:
(d) None of these

Question 93.
National commission can settle disputes
(a) Upto Rs. 5 lakh
(b) Upto Rs. 10 lakh
(c) Upto Rs. 1 crore
(d) Above Rs. 1 crore
Answer:
(d) Above Rs. 1 crore

Question 94.
The responsibility of consumer in India is
(a) To be quality conscious
(b) To obtain receipt for purchase
(c) To be aware of his rights
(d) All of these
Answer:
(d) All of these

Question 95.
Which one of the following is not a consumer product?
(a) Raw material
(b) Refrigerator
(c) Old statue
(d) Shoes
Answer:
(a) Raw material

Question 96.
In India entrepreneurial development programmer is
(a) Necessary
(b) Unnecessary
(c) Coastage of time
(d) Wastage of money
Answer:
(a) Necessary

Question 97.
The objective of entrepreship include
(a) Self employment
(b) Skin enhancement
(c) Education & Training
(d) All of these
Answer:
(a) Self employment

Question 98.
The future of entrepreneurial in India is
(a) In dark
(b) Bright
(c) In difficulty
(d) None of these
Answer:
(b) Bright

Question 99.
Control is the function of the management
(a) First
(b) Last
(c) Third
(d) Second
Answer:
(b) Last

Question 100.
Grapevine Communication is
(a) Informal
(b) Formal
(c) Written
(d) None of these
Answer:
(a) Informal