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