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

(Oct – 2017)
(319 - G)
Time: 3 Hours
Maximum Marks: 100
(i) All questions are compulsory.
(ii) Marks allotted are indicated against each question.
(iii) Each question from question No. 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 writ 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 general principles of management states that work should be assigned to a person for which he is best suited?  1
A.      Order.
B.      Equity.
C.      Division of work.
D.      Remuneration.
2. As per Taylor’s techniques of scientific management, who ensures that output agrees to the standard of quality set by the planning development?
A.      Speed Boss.
B.      Inspector.
C.      Gang Boss.
D.      Time and Cost Clerk.
3. It clearly indicates what is to be done and what is not to be done in a particular situation.          1
A.      Budget.
B.      Policy.
C.      Method.
D.      Rule.
4. Because of which of the following sources of recruitment the organization is deprived of the benefit of inducting fresh blood into its system?                     1
A.      Internal sources of recruitment.
B.      External sources of recruitment.
C.      Both internal and external sources of recruitment.
D.      All of the above.
5. Deposits that can be withdrawn by the lender by giving it one day notice are called:       1
A.      Call Deposits.
B.      Cash Credit.
C.      Bank Overdraft.
D.      Trade Credit.
6. SEBI was granted statutory recognition in the year:              1
A.      1956.
B.      1992.
C.      1932.
D.      2013.
7. One who actually uses the product or service is called:                     1
A.      Customer.
B.      Consumer.
C.      User.
D.      Buyer.
8. The process of designing and producing appropriate container for the product is called:                         1
A.      Branding.
B.      Labeling.
C.      Packaging.
D.      All of the above.
9. Individuals or institutions who complete all the formalities of loading the goods on the ship on behalf of exporters are called:                    1
A.      Indent Houses.
B.      Export Houses.
C.      Clearing Agents.
D.      Forwarding Agents.
10. Toys shop is an example of:                       1
A.      General Store.
B.      Speciality Store.
C.      Single Line Store.
D.      All of the above.
11. How is management multi-disciplinary? Explain.                                      3
Ans: Three Dimensions:
(i) Management of work: It is concerned with performance of tasks in an organisation.
(ii) Management of people: It implies dealing with employees as individuals and dealing with individuals as a group.
(iii) Management of operations: It is interlinked with both management of work and management of people.
12. What is meant by directing?                                                                               3
Ans: Directing is telling the people what to do and seeing that they do it in best of their ability. This function of management is concerned with guiding the employees in the organisation to achieve organisational goal.
In the words of Koontz and O’Donnell, ”Directing is a complex function that includes all those activities which are designed to encourage subordinates to work effectively and efficiently.”
13. What is meant by Medium Term Finance? List the purposes for which medium-term finance is required.    3
Ans: Medium-term finance are those which are required for more than one year but less than five years. Medium term fund required for the following purpose:
a) Modernisation and renovation,
b) Special promotional programmes.
c) Heavy advertising.
14. Distinguish between advertising and sales promotion on the basis of                            3
a)            Objectives;
b)            Effect, and
c)             Nature.
Ans: Difference between advertising and sales promotion
Sales promotion

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