Class 12 Business studies Exam Today’s Term 2 Question Paper & Answer Key

Business studies (Class 12) Term 2 Question Paper 2022

1. `Estimating manpower requirements is not merely knowing how many Persons we need.' What else is needed while estimating manpower requirements? state any two points.

Ans. These steps are needed to be followed in the estimation of manpower requirements:

Making an inventory of current human resources in terms of qualification, training & skills.

Assessing future human resource needs of all departments.

Developing a programme to provide the human resources. Job Analysis is an intensive way of finding details related to all jobs.

2. 'Due to various malpractices and multiplied investors grievances Govt of India decided to set-up a separate regulatory body to protect the interest of investors and to regulate the securities market'.

(a) Identify the regulatory body set-up by Govt of India for the above stated purpose.

Ans. SEBI

(b) State any one objective of the regulatory body identified in (a) above.

Ans. Choose from the following objectives:

1. To regulate stock exchanges and the securities industry.

2. To protect the rights and interests of investors.

3. To prevent trading malpractices like insider trading, misleading statements, etc.

4. To regulate and develop a code of conduct and fair practices by intermediaries

3. External sources of recruitment may lead to dissatisfaction and frustration among existing employees. They may feel that their chances of promotion are reduced.' Give two situations when external sources may be used without dissatisfying the existing employees.

Ans. Recruitment from outside may cause dissatisfaction among the employees. They may feel that their chances of promotion are reduced.

When new talent is required and the existing employees lack in the requirements of the job. It can also be useful when the enterprise is new and needs new talent.

4. The final step in the controlling process is taking corrective action. but when deviations are within acceptable limits no corrective action is required.' When and why corrective action is required ? State.

Ans. Take corrective action if deviations go beyond the acceptable range. Corrective actions include:

(i) Change the quality specification for the materials used

(ii) Repair the existing machine or replace the machine if it cannot be repaired

(iii) Undertake technological up-gradation of machinery

(iv) Modify the existing process

(v) Improve the physical conditions of work.

5. Agrima, Arunima and Aviku are pursuing MBA from a reputed institution. NOW it is the time of their placement.

Agrima wants to work in a company which would provide her more authority for fulfilling her duties and will give recognition, rewards, perquisites and prestige of job.

Arunima wants to work in an organisation in which behaviour of individuals is influenced by its characteristics like autonomy, reward orientation. consideration to employees. risk taking etc.

Avika Wants to join the organisation which has appropriate skill development Programmes and sound promotion policy that encourages employees to exhibit improved performance.

Identify and state the incentives about which Agrima. Arunima and Avika are talking about

Ans. a. Controlling helps in accomplishing organisational goals.

1. Controlling helps in making efficient use of resources.

2. Controlling ensures order and discipline.

3. Controlling improves employee motivation

4. Controlling helps in judging the accuracy of standards.

6. (a) State any three points of importance of 'Controlling'  function of management

(b) State any three points of importance of 'Directing' function of management.

Ans: Importance of Directing

1. Directing helps to initiate action in the organization.

2. Directing integrates employees’ efforts in the organization

3. Directing guides employees to realise their potential through motivation and leadership.

4. Directing facilitates the introduction of changes by reducing resistance to change.

5. Directing brings stability and balance to the organisation

7. Explain 'Private Placement' and 'Rights issue' as methods of floatation of new issues in the primary market.

8. Name and give the meaning of the concepts that are highlighted in the following statements :

(a) It improves the performance of employees on the current job or prepares them for any intended job. (b) It not only improves the job performance of the employees but also brings, about growth of the personality.

9. (a) Explain the following rights of a consumer as per the provisions of Consumer Protection Act. 2019 : (i) Right to Safety (ii) Right to be Informed

10. What is meant by financial market ? State any four functions of financial market.

11. Asha is living in a small village of Rajasthan Her mother has cultinary skills. Inspired from her mother she joined a course of 'Food and Beverages Production' in Jaipur, After completing her course she asked her mother to open a sweets shop in Jaipur, to which her mother agreed. The business was doing well and had started growing. To expand her business she felt the need of additional personnel Instead of selecting personnel from any other source she thought of helping her relatives and appointed five of them But after doing all efforts she found that none of her relative, were providing satisfactory service leading to lower productivity. Also, the quality of the products started deteriorating.

This made Asha to realise that the ability of an organisation to achieve its goals depends upon the quality of its human resources. This was ignored by her at the time of selecting the personnel for her expansion programme.

(a) Identify and state the function of management which could have helped Asha at the time of fulfilling her need of additional personnel in the organisation

(b) State any three benefits of the function identified in (a) above

12. (a) Atlanta Ltd is a company dealing in ready-made garments from last many years. Recently the profit of the company have started increasing. The finance manager decided to retain the profit instead of distributing it among shareholders.

(i) Identify and state the financial decision taken by finance manager in the above ease. (ii) State any three factors affecting the decision identified in (i) above.

(b) Ravi has joined as a finance manager in MTA Ltd. I-le had to arrange funds of rupees one crore for the company. The Chief Executive Officer of the company wants to arrange the funds by a public issue whereas the finance manager wants to have a mix of debt and equity as this will determine the overall cost of capital and the financial risk of the enterprise.

(i) Identify and give the meaning of the financial decision suggested by the finance manager in the above case. (ii) State any three factors affecting the decision identified in (i) above.