ICSE XII MCQ Quiz Hub

MCQ Questions for Class 12 Business Studies Set-1

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1. __ involves harmony and team spirit among employees.




2. Principles of management are not




3. Principles of management provide




4. Management principles differ from pure science principles because management principles are




5. Principles of management are significant because these result in




6. Which one of the following is not a principle of scientific management?




7. Management should find ‘one best way’ to perform a task. Which technique of scientific management is defined in this sentence?




8. Unity of command is related to




9. Gang plank is related to




10. Management principles are flexible whereas ___ principles are rigid.




11. ___ denotes concentration of authority at the top level.




12. ___ is the technique in which each worker is supervised by eight supervisors.




13. ___ principle of management puts emphasis on judicious application of penalties by the management.




14. ___ principle of management states that there should be a place for everything and everything should be in its place.




15. ____ means one plan, one boss.




16. Which one of the following is not a feature of business environment?




17. Which one of the following is a part of economic environment?




18. Proper understanding of business environment is not a prerequisite for




19. Globalisation means




20. Which one of the following is the impact of Government policy changes on business and industry?




21. ___ nature of business environment suggests that environment keeps on changing.




22. ___ is the integration of world economy into a single market through removal of trade barriers between countries.




23. ___ feature of business environment states that various factors of business environment affect each other.




24. Legal rules and regulations relevant to business are included in ___ environment of business.




25. The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of “Make in India” initiative. Identify the concept being described in the above lines, with regard to inflow of FDI.




26. According to a report by the India Staffing Federation (ISF), India has emerged as the fifth largest market worldwide in flexi-staffing in 2018 and the country would have 6.1 million flexi-workforce by 2021. It showed that Haryana, Gujarat, Karnataka, Madhya Pradesh and Telangana are the states with high growth potential for flexi- staffing but Andhra Pradesh tops the list of states with favourable business environment. Identify the feature of business environment being discussed above,




27. In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.




28. Pervasiveness of planning indicates that planning




29. Which one of the following is an importance of planning?




30. Which one of the following is not a limitation of planning?




31. Which one of the following is a step of planning?




32. The basic role of strategy is to provide




33. Which one of the following plans prescribes chronological steps for performing activities?




34. Which one of the following is a single-use plan?




35. Decision-making is the case of __




36. __ is a statement of expected results in numerical terms.




37. ___ is a feature of planning also referred to as primacy of planning.




38. ___ is a comprehensive plan for achieving its objectives.




39. ___ is the type of plan which is time-bound and linked with measurable outcome.




40. ___ is a standardised way or manner of performing a routine activity considering its objectives.




41. ___ specifies the end to be achieved.




42. ___ are relevant to recurring activities.




43. In 2019 alone, Swiggy has launched operations in 300 towns and cities. Swiggy follows a two-step sequence while expanding to a small town. First, it provides more laborious training to restaurants and delivery partners compared to their counterparts in the city. Second, it focuses on building scale in operations and increase the restaurant’s reach to a larger base of consumers, including optimizing kitchens, resource planning among others. Identify the type of plan being described in the above lines.




44. The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines.




45. Based on National Common Mobility Card standards, India’s first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines.




46. Organising process includes one of the following:




47. One of the following is not an importance of organising:




48. Organisation structure establishes relationships between




49. One of the following is an advantage of functional structure:




50. Divisional structure leads to conflict in