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