NIOS Solved Papers: Business Studies (319) - April' 2017

Time: 3 Hours
Maximum Marks: 100
Note: (i) Attempt all questions.
(ii) Marks allotted are indicated against each question.
(iii) Each question from Question Nos. 1 to 10 has four alternatives—(A), (B), (C) and (D), out of which one is most appropriate. Choose the correct answer among the four alternatives and write it in your answer-book against the number of the question. No extra time is allotted for attempting multiple-choice questions.
1. Which of the following principles of management requires the managers to be kind and just to the workers? 1
A.      Order
B.      Remuneration
C.      Equity
D.      Initiative
2. In case of delay in production, who among the following investigates the causes and removes them? 1
A.      Gang Boss
B.      Speed Boss
C.      Repair Boss
D.      Inspector
3. ‘Ascertaining reasons for deviation’ is a step in the process of which of the following functions of management?    1
A.      Planning
B.      Organising
C.      Directing
D.      Controlling
4. Need for cloth will be included under which type of need?                                   1
A.      Safety
B.      Social
C.      Ego
D.      Physiological
5. The method of raising short-term finance in which the business can take advance money from the bank against the amount to be realized from debtors is called                     1
A.      factoring
B.      customers’ advance
C.      cash credit
D.      loans and advance
6. Part decision regarding distribution of a part of the profit among the shareholders is which type of financial decision? 1
A.      Investment decision
B.      Financing decision
C.      Dividend decision
D.      None of the above
7. Paid form of dissemination of information is called                                                   1
A.      advertising
B.      publicity
C.      sales promotion
D.      personal selling
8. Ritu charges a high price for exclusive designing shirts that she designs for a selective group of customers. Which method of price fixation is adopted by Ritu?                                      1
A.      Cost-based pricing
B.      Objective-based pricing
C.      Demand-based pricing
D.      Competition-based pricing
9. In which of the following types of large-scale retail trade the decoration, display, signboards, etc. are built alike?    1
A.      Departmental store
B.      Supermarket
C.      Multiple shop
D.      Consumer cooperative store
10. Under the provisions of the Consumer Protection Act, 1986, the State Commission can be headed by a sitting or retired judge of                                1
A.      Supreme Court
B.      High Court
C.      District Court
D.      Any one of the above
11. Briefly explain management as a group.                                        3
Ans: Management as a GROUP refers to the Board of Directors or Executive Directors who are responsible for effectively managing the affairs of the business by guiding and controlling the work of other managers such as production, sales, finance, personnel, quality control managers, etc. This approach focuses on a team rather than individuals. This is because it is believed that management as a team can contribute more effectively and efficiently than an individual.
12. Describe briefly informal organization.                                          3
Ans: Informal organisations on the other hand, refers to relationship between individuals in the organisation based on personal attitudes, likes and dislikes and originates to meet their social and emotional needs and develops spontaneously. It represents natural grouping of people in work situation. In the words of Keith Davis, “Informal organization is a network of personal and social relations not established or required by the formal organization but arising spontaneously as people associate with one another.”
13. Give any three points of difference between ‘training’ and ‘development’.                                                                3
a)      MEANING
It is a process of imparting knowledge for doing specific job.
It is a process of learning opportunities designed to help employees grow.
b)      Nature
It is a job oriented process.
It is a carrier process.
c)       FOCUS
It focuses on technical skills.
It focuses on conceptual and human ideas.
d)      PURPOSE
The basic purpose of training is to enable the employees to do job or home intended job.
The basic purpose of development is to enable the growth of the employees.
e)      DURATION
I t is imparted for a fixed period.
It is a continuous and never ending process.

14. State the points of importance of business finance.                                                                3
Ans: Financial management plays the following role:
a) Determination of fixed assets: Fixed assets have an important contribution in increasing the earning capacity of the business. Long term investment decisions also called capital budgeting decision which is one of the prime objectives of a finance manager
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