Business Studies Nios plus two II Welcome to your Business Studies Nios plus two II Total Questions: 50 Name Mobile No: 1. Explain the essentials of a sound financial plan? It should be complex, rigid, and focus only on short-term gains. It must be simple, take a long-term view, and be flexible. It should ignore future goals and prioritize immediate spending. It must follow a fixed pattern without room for changes. None Hint 2. What is Natural Environment? Employee behavior and company culture Government policies and tax systems Geographical and ecological factors like natural resources, weather, and climate that influence business operations The office design and furniture used in a company None Hint 3. What is long term source of finance? Money raised through daily sales. Funds borrowed for one month or less. Refers to the institutions or agencies through which finance is available for a long period. Loans taken from friends for emergencies. None Hint 4. What is Organisation The process of dividing work into tasks, grouping them into posts, delegating authority, and appointing qualified staff The process of making financial investments and analyzing profits The process of hiring employees without assigning duties The informal communication among employees in a company None Hint 5. What are the essential requirements of a good control system? Controlling is based on planning, is continuous in nature, and action-oriented. Controlling is random and does not require action. Controlling is independent of planning and occurs only once. Controlling is planning-focused and theoretical only. None Hint 6. Social Responsibility of Business towards share holders & creditors ? Increasing the number of employees regardless of need Ensuring investment safety, giving fair dividends, and providing accurate financial information regularly Focusing only on profit-making without communication Spending more on advertising None Hint 7. What is staffing? The function of controlling and punishing employees The process of purchasing materials and equipment The managerial function of employing and developing human resources for various activities in an organisation The process of preparing financial reports and budgets None Hint 8. What is informal communication? Communication used only in written formats Communication strictly controlled by management Communication through formal notices and circulars only Communication that occurs independently of the official line of communication None Hint 9. what are the Merits of Functional Organisation? Centralized control, limited specialization, and slow decision-making One-man control, undefined roles, and minimal coordination Division of labour, higher efficiency, scope for expansion, and ease of implementation and control Informal communication, minimal supervision, and no specialization None Hint 10. What is informal organisation? A structure created by the government to manage public services A network of personal and social relationships not established or required by the formal organisation A system of strict rules and procedures enforced by top management An official hierarchy that defines duties and responsibilities None Hint 11. What is Recruitment? The process of searching for prospective employees and encouraging them to apply for jobs in the organisation The process of terminating unproductive employees The process of promoting employees within the organisation The process of assigning tasks to current staff None Hint 12. In which year Company Act was established? 1961 1956 1950 1947 None Hint 13. What is the importance of financial planning? It helps to estimate accurate requirement of funds, ensures proper utilization, and avoids shortage or surplus of funds. It encourages unnecessary borrowing and random spending. It focuses only on cutting costs without considering future needs. It discourages saving and long-term investment. None Hint 14. Define of Joint Stock Company: ? A non-profit organization controlled by the state A government department involved in trade A private business owned by a single individual A voluntary association of individuals for earning profit, with capital called shares that are freely transferable on the market None Hint 15. What is controlling? Planning future activities of the organization Evaluating actual performance against planned standards and taking corrective action Hiring and training new employees Assigning tasks to employees and motivating them None Hint 16. what is Internal Planning & External Planning? There is no difference between internal and external planning premises Internal planning deals with national income and technology, while external focuses on employees and machines Internal planning premises include men, money, machine, material, and methods; external planning premises include technology changes, population growth, government policies, and price levels Internal planning is done by government bodies, external by private companies None Hint 17. Main Importance of Planning? Reduces uncertainty, guides decision-making, and helps achieve coordination and control Avoids control and discourages coordination Creates confusion and increases operational risks Limits managerial freedom and increases unpredictability None Hint 18. What is formal communication? Random sharing of ideas without any structure The path or channel of communication based on the status established formally by the management Informal discussions between friends at work Communication that happens only during social events None Hint 19. what are the Features of planning? Being the primary function of management, goal-oriented, pervasive, and futuristic Being a financial tool, backward-looking, and department-specific Being informal, spontaneous, and not required at all levels Being optional, reactive, limited to top management, and unrelated to goals None Hint 20. Main Factors Affect Business Environment ? Consumers, Competitors, Suppliers, Government, Social & Political, Legal & Technological factors Production methods and product quality only Only internal management and leadership Only economic and legal factors None Hint 21. How does coordination help in management? It creates confusion among employees It increases the workload of managers It only helps in financial planning It ensures systematic performance and avoids conflicts and delays None Hint 22. Define selection? The process of conducting training for all employees The process of assigning job responsibilities to managers The process of choosing the most suitable person from among the list of interested candidates The process of advertising job vacancies None Hint 23. What is coordination? To increase employee salaries To hire new employees To ensure unity of action and harmony among activities To reduce the number of departments None Hint 24. write the Various Processes of Organizing? Budgeting, financing, marketing, and auditing Recruitment, selection, promotion, and termination Delegation, discipline, punishment, and rewards Identification of work, grouping activities, assigning responsibilities, and granting authority None Hint 25. What are the objectives of financial management? To avoid any kind of financial planning. To focus only on short-term profits without concern for risk. To ensure maximum spending of funds regardless of returns. To ensure continuous availability of sufficient funds at reasonable cost, effective utilization of funds, and safety of funds. None Hint 26. What are the Merits of Joint Stock Company:? Partnership control, Easy formation, Direct personal contact, Family ownership Quick decisions, Limited capital, High risk, No legal status Limited liability, More financial resources, Large-scale production benefits, Tax benefits Unlimited liability, Single ownership, Limited resources, Tax burden None Hint 27. _____________are the Factors affect / depend economic environment:? Only the technology used by a business The country’s economic conditions, government economic policies, and nature of the economic system Only the political party in power Social media trends and brand design None Hint 28. What is financial planning? A method of estimating expenses without any structure. Random decision-making in financial matters. Planning only for business expansion without considering finances. A systematic way of deciding and acting purposefully in financial matters. None Hint 29. what are the major Types of Planning ? Strategic planning, Tactical planning, Operational planning, Financial planning Individual planning, Group planning, National planning, International planning Government planning, Private planning, Foreign planning, Local planning Cooperative planning, Functional planning, Formal planning, Informal planning None Hint 30. Define supervision? Refers to instructing, guiding, and assisting workers towards better performance Conducting market surveys and analysis Planning company goals and policies Hiring new employees for the organisation None Hint 31. Define manpower planning? The process of training existing staff for promotions The evaluation of employee performance after recruitment The process of estimating the manpower requirement for an organisation The process of outsourcing jobs to external agencies None Hint 32. define Business Ethics ? Techniques for increasing business profit Marketing strategies used to attract customers A set of standards and principles that guide the moral conduct of businessmen, such as honesty, truthfulness, compassion, and sympathy Government rules for registering a company None Hint 33. Define communication? The process of storing company data The method of assigning salaries to employees The process of transmitting and receiving ideas accurately The system of purchasing raw materials None Hint 34. what are the Limitations of Multinational Cooperation? Provides employment, protects environment, supports local ownership Encourages savings and protects small businesses Change in culture, least concern with host country’s priorities, adverse effects on domestic enterprises Boosts local industries and promotes cultural values None Hint 35. Features of Business Environment ? Business environment is dynamic, unpredictable, and varies by place and time Business environment is always stable and consistent Business environment affects only large enterprises Business environment is controlled entirely by the organization None Hint 36. Explain the importance of directing function? It may be regarded as the heart of the management process, as all performance revolves around it It is optional and not essential in large organisations It is mainly concerned with machine maintenance and repair It is used only for controlling financial activities None Hint 37. What is Business Environment? A company's marketing strategy The combination of internal and external factors influencing a business Only the political factors affecting business decisions The economic activities within a company None Hint 38. Features of Formal Organisation:? Absence of hierarchy, group leadership, and unassigned roles Formed by employees for social interaction and personal needs Controlled by top management, based on division of labor and specialization, and developed through delegation of authority Informal communication, spontaneous structure, and flexible roles None Hint 39. what are the Advantages of Multinational Corporations:? Investment of foreign capital, generation of employment, bridging the gap between saving and investment Encouragement of black money and tax evasion Exploitation of local resources and reduction in employment Increase in domestic monopolies and cultural isolation None Hint 40. Examples of Statutory Companies:? Nestle India and Maruti Suzuki Reliance Industries and HDFC Bank Tata Motors and Infosys LIC and Unit Trust of India None Hint 41. What are the 3 types of financial management? Investment Decisions, Financing Decisions, Dividend Decisions Accounting, Auditing, Budgeting Assets Management, Risk Management, Tax Planning Marketing, Sales, Investment None Hint 42. what is Political Environment? The nature of the government, its attitude and policies toward the business community, and trade unionism The laws and acts passed by courts Only the election process in a country Marketing and advertising strategies used by companies None Hint 43. What is stock exchange/stock market? An association or organization established to assist, regulate, and control the buying, selling, and dealing of securities. A bank that gives out loans and accepts deposits. A place where only commodities like grains and spices are traded. An informal group of people trading products in a local market. None Hint 44. What are the major types of long term source of finance? Capital market, special financial institutions, mutual funds, and leasing companies. Money borrowed from employees, suppliers, customers, and retailers. Savings accounts, pocket money, gift cards, and vouchers. Daily sales, short-term bank loans, credit cards, and petty cash. None Hint 45. what is Social Environment? Only the legal rules affecting businesses The machinery and equipment used in business operations The structure of a company’s management team Social factors like customs, traditions, values, beliefs, poverty, and education level prevalent in society None Hint 46. What are the characteristics of controlling? It is action-oriented, continuous, and based on planning. It is optional and unrelated to planning. It is a one-time activity and not linked to any action. It only focuses on future goals and not performance. None Hint 47. Explain Job Analysis? To determine the market demand for products To calculate the salaries of employees To assign financial budgets to departments To identify the qualifications, skills, and experience required for various categories of employees None Hint 48. what is Economic Environment ? Set of technological tools used in business Economic environment is closely inter-related with business and determines opportunities and threats Internal structure of an organization Only the laws regulating business activities None Hint 49. types of compay from of Business Organizations:? Sole Proprietorship, Partnership, Private Company, Public Company Sole Proprietorship, Partnership, Franchise, Corporation Sole Proprietorship, Partnership, Joint Hindu Family Business, Cooperative Society Proprietorship, Corporation, Multinational Company, Joint Venture None Hint 50. what are the Features of Planning? Planning is random and does not require a specific course of action. Planning is defined as chalking out a course of action and involves what is to be done, when, how, and by whom. Planning is only required in government sectors. Planning deals only with financial decisions. None Hint Time's up Share: admin Previous post Political Science Nios plus two VI August 23, 2025 Next post Business Studies Nios plus two III August 28, 2025
