Bihar Board 12th Business Studies Objective Important Questions Part 2
Bihar Board 12th Business Studies Objective Important Questions Part 2
Question 1.
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 2.
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 3.
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 4.
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 5.
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 6.
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 7.
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 8.
Grapevine Communication is
(a) informal
(b) formal
(c) written
(d) none of these
Answer:
(a) informal
Question 9.
The foremost stock exchange in the world was established in
(a) Delhi
(b) London
(c) America
(d) Japan
Answer:
(b) London
Question 10.
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 11.
How many levels of management are?
(a) 3
(b) 4
(c) 5
(d) 6
Answer:
(a) 3
Question 12.
The main function of management according to Koontz O’Donnel are
(a) 2
(b) 4
(c) 6
(d) 8
Answer:
(a) 2
Question 13.
The father of Scientific management was:
(a) Gilbreth
(b) Taylor
(c) Robertson
(d) Watson
Answer:
(b) Taylor
Question 14.
Mental Revoultion in the essence of
(a) Scientific management
(b) Combination
(c) Rationalisation
(d) Profession
Answer:
(a) Scientific management
Question 15.
When scientific management was introduced?
(a) 1913
(b) 1832
(c) 1903
(d) 1920
Answer:
(a) 1913
Question 16.
Entrepreneurial Development programme provides?
(a) Self-employment
(b) Education & training
(c) Skill increment
(d) All of these
Answer:
(a) Self-employment
Question 17.
Entrepreneurial Development Institute of India is situated in:
(a) Ahmedabad
(b) Mumbai
(c) New Delhi
(d) Chennai
Answer:
(a) Ahmedabad
Question 18.
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 19.
“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 20.
The essence of management is:
(a) Co-ordination
(b) Organisation
(c) Staffing
(d) Controlling
Answer:
(a) Co-ordination
Question 21.
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 22.
Henri Fayol was a
(a) Social scientist
(b) Mining minister
(c) Accountant
(d) Production Engineer
Answer:
(b) Mining minister
Question 23.
Which of the following does not characterise the business environment?
(a) Uncertainty
(b) Employees
(c) Relativity
(d) Complexity
Answer:
(b) Employees
Question 24.
Which of the following is not an element of delegation?
(a) Accountability
(b) Authority
(c) Responsibility
(d) Informal organisation
Answer:
(d) Informal organisation
Question 25.
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 26.
Which one of the following is not an element of direction?
(a) Motivation
(b) Communication
(c) Delegation
(d) Supervision
Answer:
(c) Delegation
Question 27.
Which of the following is a financial incentive?
(a) Promotion
(b) Stock Incentive
(c) Tab security
(d) Employee Participation
Answer:
(b) Stock Incentive
Question 28.
Grapevine is
(a) Formal Communication
(b) Barrier of communication
(c) Lateral Communication
(d) Informal communication
Answer:
(d) Informal communication
Question 29.
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 30.
Budgetary control requires the preparation of
(a) Training schedule
(b) Budgets
(c) Network diagram
(d) Responsibility centres
Answer:
(b) Budgets
Question 31.
The cheapest source of finance is
(a) debentures
(b) equity share capital
(c) preference share
(d) retained earning
Answer:
(a) debentures
Question 32.
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 33.
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 34.
Total number of stock exchanges in India are
(a) 20
(b) 21
(c) 22
(d) 23
Answer:
(b) 21
Question 35.
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 36.
Entrepreneurs undertake
(a) Calculated risks
(b) Moderate and calculated risks
(c) Low risks
(d) High risks
Answer:
(a) Calculated risks
Question 37.
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 38.
Communication is a
(a) One-way process
(b) Two-way process
(c) Multiway process
(d) None of these
Answer:
(b) Two-way process
Question 39.
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 40.
Which of the following is not a current assets?
(a) Bills Receivable
(b) Stock
(c) Preliminary Expenses
(d) None of these
Answer:
(b) Stock