Class 12 Business Studies 2024 Board Exam

In the ____________ market, prices are determined and decided by the management of the company.
(A) Primary
(B) Secondary
(C) Money
(D) Stock

____________ refers to doing the task correctly and with minimum cost.
(A) Effectiveness
(B) Coordination
(C) Process
(D) Efficiency

‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
[Image of NO HELMET NO ENTRY sign]
Identify the type of plan indicated by the above sign :
(A) Policy
(B) Rule
(C) Method
(D) Programme

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below :
Assertion (A) : Decentralization is an optional policy decision.
Reason (R) : It is done at the discretion of the top management.
Alternatives :
(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
(C) Assertion (A) is true, but Reason (R) is false.
(D) Assertion (A) is false, but Reason (R) is true.

____________ is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.
(A) Training
(B) Selection
(C) Development
(D) Recruitment

For taking the company out of losses, Ravi Kumar took over as the Managing Director of the struggling ‘Vova Watch Company’ in January 2020. As soon as he joined, he tried to find out the reason for the company not doing well. He found that the employees were not involved in decision-making and they had to just follow orders, resulting in low morale of employees.
Recognising the need for change, Ravi Kumar started on a journey to bring back the enthusiasm and motivation of the employees. He initiated open dialogues and encouraged them to actively participate in decision-making. Together, they developed action plans to address the company’s challenges regarding outdated designs and inefficient production processes etc.
As time passed, ‘Vova Watch Company’ transformed from a struggling enterprise to a profit making enterprise. Identify the leadership style of Ravi Kumar :
(A) Autocratic leadership style
(B) Democratic leadership style
(C) Free-rein leadership style
(D) Both (A) and (B)

Statement I : A financial market facilitates the transfer of savings from savers to investors.
Statement II : It gives savers the choice of different investments and helps to channelise surplus funds into the most productive use.
Choose the correct option from the following :
(A) Statement I is true and Statement II is false.
(B) Statement II is true and Statement I is false.
(C) Both the Statements are true.
(D) Both the Statements are false.

Which of the following is an element of ‘Social Environment’ ?
(A) Rates of saving and investment
(B) Expectations from the workforce
(C) The nature of relationship of our country with foreign countries
(D) Planned outlay in public and private sectors

‘Lack of confidence of superior in his subordinates’ is one of the barriers of communication. Identify the communication barrier :
(A) Personal barrier
(B) Psychological barrier
(C) Semantic barrier
(D) Organizational barrier

Akash Mehra is the Marketing Manager of ‘Kedanta Enterprises’. He gives orders and expects his subordinates to obey those orders. Communication is only one-way with the subordinates only acting according to the command given by him.
Identify the leadership style of Akash Mehra :
(A) Authoritative
(B) Participative
(C) Free-rein
(D) Pragmatic