Business Studies : Part - II 2012 CBSE [ Delhi] Set I

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  • Q1

    Name the type of plan which is time bound and linked with measurable outcome.

    Marks:1
    Answer:

    Objectives.

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  • Q2

    ‘Planning is done for achieving the organizational goals’. Do you agree? Give one reason in support of your answer.

    Marks:1
    Answer:

    Yes, planning helps in formulating an action plan in the form of- objectives, strategy, policy procedures, etc., which are directed towards achievement of organizational goals.

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  • Q3

    Identify the nature of management when it is said to be a systematised body of knowledge that explains certain general truths.

    Marks:1
    Answer:

    Management is considered as ‘Science’ when it is said to be a systematized body of knowledge that explains certain general truths.

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  • Q4

    At which level of management the managers are responsible for the welfare and survival of the organisation?

    Marks:1
    Answer:

    The ‘Top Level Managers’ are responsible for the welfare and survival of the organisation.

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  • Q5

    Give the meaning of ‘orientation’ as a step in the process of ‘Staffing’.

    Marks:1
    Answer:

    Orientation refers to the introduction of the selected employee to other employees and familiarising him/her with the rules and policies of the organisation.

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  • Q6

    Define ‘Formal Communication’.

    Marks:1
    Answer:

    Formal communication refers to the official communication which takes place within the organisation following the chain of command.

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  • Q7

    State any one ‘Regulatory Function’ of Securities and Exchange Board of India (SEBI).

    Marks:1
    Answer:

    SEBI regulates the registration of collective investment schemes and mutual funds.

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  • Q8

    State any one objective of setting up of National Stock Exchange of India (NSEI).

    Marks:1
    Answer:

    National Stock Exchange of India (NSEI) was set up to establish a nationwide trading facility for all types of securities.

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  • Q9

    How ‘Business Associations’ act as a means of consumer protection? State.

    Marks:1
    Answer:

    Business associations such as FICCI and CII have framed a set of code of conduct which lay down the guidelines for businesses, in respect of their dealings with the customers.

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  • Q10

    Give any one relief available to a consumer who suffers due to consumption of an expired date medicine.

    Marks:1
    Answer:

    The consumer court can direct the opposite party (manufacturer or seller) to pay a reasonable amount of compensation for any loss or injury suffered by the consumer due to the negligence of the opposite party.

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