Bihar Board 12th Business Studies Objective Important Questions Part 3

BSEB Bihar Board 12th Business Studies Important Questions Objective Type Part 3 are the best resource for students which helps in revision.

Bihar Board Class 12th Business Studies Objective Important Questions Part 3

Question 1.
Capital market deals in
(a) Short-term funds
(b) Medium-term funds
(c) Long-term funds
(d) None of these
Answer:
(a) Short-term funds

Question 2.
Taxes levied on imports into a country are called
(a) Tariffs
(b) Quota
(c) Duties
(d) Barriers
Answer:
(c) Duties

Question 3.
The first stock exchange in India was established in
(a) In 1857
(b) In 1887
(c) In 1877
(d) In 1987
Answer:
(c) In 1877

Question 4.
A product which you can touch is
(a) A service
(b) A Goods
(c) An Expression
(d) A Concept
Answer:
(b) A Goods

Question 5.
What is/are the stage(s) of a product life cycle?
(a) Introduction
(b) Growth
(c) Decline
(d) All of these
Answer:
(b) Growth

Question 6.
Advertising is
(a) Important
(b) Wastage
(c) Compulsory
(d) None of these
Answer:
(d) None of these

Question 7.
At break even point total cost is equal to
(a) Fixed Cost
(b) Selling Price
(c) Total Revenue
(d) None of these
Answer:
(c) Total Revenue

Question 8.
Marketing expenditure is a burden on
(a) Industry
(b) Businesmen
(c) Consumers
(d) None of these
Answer:
(c) Consumers

Question 9.
Marketing mix includes
(a) Product
(b) Price
(c) Place
(d) All of these
Answer:
(d) All of these

Question 10.
For business marketing is
(a) Compulsory
(b) Luxury
(c) Necessary
(d) Unnecessary
Answer:
(a) Compulsory

Question 11.
Wholesalers sell goods to
(a) Consumers
(b) Retailers
(c) Authorised Dealers
(d) None of them
Answer:
(b) Retailers

Question 12.
Consumer Protection Act was passed on
(a) In 1996
(b) In 1786
(c) In 1880
(d) None of these
Answer:
(d) None of these

Question 13.
National commission can settle disputes
(a) Upto Rs. 5 lakh
(b) Upto Rs. 10 lakh
(c) Upto Rs. 1 crore
(d) Above Rs. 1 crore
Answer:
(d) Above Rs. 1 crore

Question 14.
The responsibility of consumer in India is
(a) To be quality conscious
(b) To obtain receipt for purchase
(c) To be aware of his rights
(d) All of these
Answer:
(d) All of these

Question 15.
Which one of the following is not a consumer product?
(a) Raw material
(b) Refrigerator
(c) Old statue
(d) Shoes
Answer:
(a) Raw material

Question 16.
In India entrepreneurial development programmer is
(a) Necessary
(b) Unnecessary
(c) Coastage of time
(d) Wastage of money
Answer:
(a) Necessary

Question 17.
The objective of entrepreship include
(a) Self employment
(b) Skin enhancement
(c) Education & Training
(d) All of these
Answer:
(a) Self employment

Question 18.
The future of entrepreneurial in India is
(a) In dark
(b) Bright
(c) In difficulty
(d) None of these
Answer:
(b) Bright

Question 19.
Control is the function of the management
(a) First
(b) Last
(c) Third
(d) Second
Answer:
(b) Last

Question 20.
Grapevine Communication is
(a) Informal
(b) Formal
(c) Written
(d) None of these
Answer:
(a) Informal

Question 21.
The essence of Management is:
(a) Co-ordination
(b) Staffing
(c) Organization
(d) None
Answer:
(a) Co-ordination

Question 22.
The Propounder of administrative management were:
(a) Fayol
(b) Taylor
(c) Terry
(d) None
Answer:
(a) Fayol

Question 23.
Higher-level-management spend on planning part of his time:
(a) 75%
(b) 35%
(c) 50%
(d) 80%
Answer:
(b) 35%

Question 24.
Production is scientific management is:
(a) Normal
(b) Minimum
(c) Maximum
(d) None
Answer:
(c) Maximum

Question 25.
Planning is:
(a) Goal-oriented
(b) Objective oriented
(c) Mental process
(d) All of these
Answer:
(d) All of these

Question 26.
“Management is the development of men and not direction of things” This statement is of:
(a) George R. Terry
(b) Lowrence A. Appley
(c) R.C. Davis
(d) Keith and Gubelline
Answer:
(b) Lowrenee A. Appley

Question 27.
Delegation can be done of:
(a) Responsibility
(b) Accountability
(c) Authority
(d) None of these
Answer:
(c) Authority

Question 28.
In an enterprise organization is established by:
(a) Board of directors
(b) Middle management
(c) Lower management
(d) Top management
Answer:
(d) Top management

Question 29.
Money spent on staffing
(a) Wastage of money
(b) Necessary
(c) Investment
(d) None of these
Answer:
(c) Investment

Question 30.
Employee’s training is:
(a) Necessary
(b) Unnecessary
(c) Compulsary
(d) Wastage of money
Answer:
(a) Necessary

Question 31.
Development of employees involves:
(a) Promotion
(b) Transfer
(c) Training
(d) All of these
Answer:
(d) All of these

Question 32.
Human Resource managment includes:
(a) Recruitment
(b) Selection
(c) Training
(d) All of these
Answer:
(d) All of these

Question 33.
Supervision is the level of management:
(a) Top
(b) Middle
(c) Low
(d) All of these
Answer:
(c) Low

Question 34.
Element of direction are:
(a) Supervision
(b) Motivation
(c) Leadership
(d) All of these
Answer:
(d) All of these

Question 35.
For efficient direction motivation is:
(a) Wastage of time
(b) Necessary
(c) Unnecessary
(d) Wastage of money
Answer:
(b) Necessary

Question 36.
The minimum parties to communication are:
(a) 16
(b) 4
(c) 2
(d) 8
Answer:
(c) 2

Question 37.
Supervision Is the level of management:
(a) Low
(b) Top
(c) Middle
(d) All of these
Answer:
(a) Low

Question 38.
Control is an activity:
(a) Uneconomic
(b) Cheap
(c) Costly
(d) None
Answer:
(c) Costly

Question 39.
Control is a …………. looking activity:
(a) Back
(b) Forward
(c) Both
(d) None
Answer:
(b) Forward

Question 40.
Financial management takes decision as to
(a) Investment
(b) Dividend
(c) Finance
(d) All of these
Answer:
(d) All of these