NIOS Solved Papers: Business Studies (319) - April' 2019

2019’ April
[Time : 3 Hours]
[Maximum Marks : 100]
1. Which of the following is true about management :   1
A.      It is a process
B.      It is a discipline
C.      It is a group
D.      All the above
2. Which of the following principles of management states that work should be assigned to a subordinate for which it is best suited.   1
A.      Division of work
B.      Equity
C.      Initiative
D.      Order
3. It is a plan laying down the ‘what’, ‘how’, ‘who’, and ‘when’ of accomplishing a specific job.  1
A.      Procedure
B.      Policy
C.      Programme
D.      Objective
4. Systematic instrument of authority at all levels of management and in all departments is called as :     1
A.      Organizing
B.      Delegation
C.      Decentralization
D.      All the above
5. Which of the following is also called a bill of exchange.    1
A.      Treasury
B.      Trade Bill
C.      Commercial Paper
D.      All the above
6. Finance required for modernization is called as :   1
A.      Long Term Finance
B.      Short Term Finance
C.      Medium Term Finance
D.      All the above
7. Interaction between buyers and sellers using internet is called.    1
A.      Virtual market
B.      Local market
C.      Tele market
D.      International market
8. ‘Travel today pay fare later’ is which type of promotional tool :    1
A.      Discount coupon
B.      Bonus offer
C.      Price off
D.      Deferred payment plan
9. In which of the following type of trade buying and selling of goods takes place within the boundaries of the same country.    1
A.      Internal Trade
B.      External Trade
C.      Entrepot Trade
D.      None of the above
10. Which of the following judicial machinery established under the Consumer Protection Act 1986 must have a woman member:     1
A.      District Forum
B.      State Commission
C.      National Commission
D.      All the above
11. Is management a process? Explain in briefly.             3
Ans: Management is an ongoing process. It continues as long as the organisation exists. No activity can take place without management. To perform all activities like production, sale, storage, operation etc. management is required. So, as long as these activities continue the process of management also continues to operate.
12. Give any three points of difference between delegation and decentralization.                         3
Ans: Difference between delegation and decentralisation:
Delegation of Authority
Sharing of the task with the subordinate and granting authority in a prescribed limit by the superior is Delegation.
The systematic delegation to the lowest level of management is called decentralization.
Freedom in action
Less freedom to the subordinate Final authority lies with the delegator.
More freedom given to the subordinate.
This is a process done as a result of Division of work.
This is the result of the policies framed by higher officials.
Its purpose is reduction of workload of the officer.
The purpose is expansion of the authority in the organization.
13. Briefly explain the limitations of public deposits.              3
Ans: Following are the limitations of public deposits.
1. Uncertainty: A concern should be of high repute and have a high credit rating to attract public to deposit their savings. There may be sudden withdrawals of deposits, which may create financial problems. Depositors are regarded as fair weather friends.

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