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