What Are The Important Questions For Class 12 Business Studies?

There have always been many queries regarding important points, topics, concepts and chapters to study before the exams. If you observe the paper pattern of the questions asked in the exams, you will notice that certain questions are repeated almost every year. All the efforts put into analyzing the previous years’ question papers have their worth. 

The study of economic science and management on an academic front is understood as Business Studies. Business Studies deals with the information, skills, attitudes, and values essential for knowledgeable, productive, ethical, and accountable participation among the formal and informal economic sectors

 Class 12 Business Studies is an important subject for scoring optimum marks in the exams. Business Studies is considered as a scoring subject. 

The question set for Business Studies is made after thoroughly scrutinizing every chapter to assemble precise and accurate questions. Cracking these questions is easy as the questions are mostly asked from textbooks. 

Here are some suggestions to answer the main questions:

• Understand the question first, read it twice 
• Take time to think and respond 
• Focus on the main idea of the question
• Explain the importance of the question asked
• Support your answer with some references or examples
• Consider other scenarios or any other specific situation but not in detail
• Do not discuss the significance of other issues
• Tone your answer properly
• Develop your answer 

Business Studies help you to enhance your management skills. It also builds your leadership qualities and gives you an insight into the corporate world.

Some Important Questions to practice and revise thoroughly before the exams are mentioned below in accordance with the chapters:

Chapter-1.  Nature and Significance of Management:

1. Meaning of Management
2. 2. Definition of Management
3. Characteristics of management
   1. Goal-oriented process
   2. Group activity
   3. Intangible forces
   4. All pervasive
   5. Multi-dimensional
   6. Continuous process
   7. Dynamic function
4. Objectives of Management
   1. Organizational objectives 
   2. Social objectives 
   3. Personal objectives of employees
5. Importance of Mangement
   1. Helps in achieving group goals
   2. Creates a dynamic organization
   3. Increase efficiency
   4. Helps in achieving personal goals
   5. Helps in the development of society

Chapter-2  Principles of Management

1. Meaning, Nature and Importance of Management Principles
2. Importance of Management Principles
   1. Provide managers with useful insight into the reality
   2. Helps in thoughtful decision-making, i.e. scientific decisions
   3. Fulfilling social responsibility
   4. Basis of management training, education, and research
3. Fayol’s Principles of Management 
4. Fayol Vs Taylor

Chapter-3 Business Environment:

1. Meaning of Business Environment
2. Features of Business Environment
3. Importance of Business Environment
4. Dimensions of Business Environment
5. Economic environment
6. Social environment 
7. Political environment
8. Legal environment
9. Technological environment

Chapter-4 Planning

1. Meaning of Planning
2. Definition of Planning
3. Features of Planning 
4. Goal-oriented focuses on achieving objectives
5. Primary function
6. All pervasive
7. Involves decision-making
8. Mental exercise, i.e an intellectual process
9. Continuous process

Chapter-5 Organising

1. Concept, Importance, and Process of Organising
2. Organizational Structure and Types of Organisation Structure
3. Formal and Informal Organisation
4. Delegation and Decentralisation

Chapter-6 Staffing

1. Meaning, Definition, Importance, and Process of Staffing
2. Recruitment and Its Sources
3. Selection and Process of Selection
4. Training, Development, and Methods of Training

Chapter-7 Directing

1. Concept, Characteristics, Importance, and Elements of Directing
2. Meaning and Importance of Supervision
3. Concept, Importance, and Style of Leadership 
4. Meaning, Importance and kinds of communication barriers and measures to beat them

Chapter-8 Controlling

1. Meaning, Importance, and Limitations of Controlling
2. Relationship between Planning and Controlling
3. Steps in the Process of Controlling
4. Importance of Controlling
5. Helps in accomplishing organizational goals
6. Helps in judging accuracy .of standards
7. Helps in making efficient use of resources

Chapter- 9 Financial Management

1. Meaning, Importance, and Objectives of Financial Planning
2. Financial Decisions, Capital Structure
3. Fixed Capital and Working Capital

Chapter- 10 Financial Markets

1. Meaning, Functions, and Classification of Financial Market
2. Stock Exchange, Functions and Trading Procedure on a stock market
3. SEBI: Reasons for fixing, Objectives, and Functions
4. Objectives of Financial Planning
5. To ensure availability of funds whenever required.
6. To ensure unnecessary finance is not raised.

Chapter- 11 Marketing

1. Marketing and Marketing Management
2. Marketing and Selling
3. Marketing Mix, Product Mix, and Price Mix
4. Place/Physical Distribution Concept Channels of Distribution
5. Major Tools of Promotion i.e Advertising, Personal Selling, and advertisement

Chapter12 Consumer Protection

1. Concepts, Significance of Consumer Protection and Framework for Consumer Protection 
2. Consumer Rights and Responsibilities 
3. Role of Consumer Organisations and the role of NGOs

Here are some frequently asked questions in the Class 12th Business Studies:

1. What is meant by financial planning? State any two points of importance of monetary planning.
2. Distinguish between functional structure and divisional structure on the idea of formation. 
3. At which level of management, the managers are liable for the welfare and survival of the organization?
4. List any two functions of top-level management.
5. ‘Management may be a continuous, inter-related function with no
6. pre-determined sequence’. Explain.
7. Why is it said that planning may be a prerequisite for controlling?
8. Define organization as a structure. 
9. State any four advantages of formal organization. 
10. Explain controlling as a function of management. How are controlling and planning related? 
11. The cost of debt is less than the value of equity share capital. Give a reason why even then a corporation cannot work only with the debt?
12. Explain any four functions of consumer organizations and Non-Government Organisations (NGOs ) for protecting and promoting the interest of consumers.
13. Important Consumer Organisations and NGOs.
14. What is meant by advertising?
15. Explain the following functions of marketing :  

(i)Marketing planning

(ii)Product designing and development

(iii)Pricing of products

(iv)Standardisation and grading