NIOS| BUSINESS STUDIES (319)| SOLVED PAPER – (JAN-FEB) - 2021| SENIOR SECONDARY| ENGLISH MEDIUM
BUSINESS STUDIES
(319)
Time: 3 Hours
Maximum Marks: 100
Note:
(i) Attempt All
questions.
(ii) Marks
allotted are indicated against each question.
(iii) Each
question from Question Nos. 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 write it in your answer-book against the number of the
question. No extra time is allotted for attempting multiple choice questions.
1.'Management is required for every type of organisation' is a / an: 1
(A)
Characteristic of Management
(B) Objective of Management
(C) Importance
of Management
(D) None of the
above
2. Foreman under planning department is: 1
(A) Inspector
(B) Repair Boss
(C) Route Clerk
(D) Speed Boss
3. In functional structure of organisation, 'Store' is a
sub-unit of: 1
(A) Personnel
Department
(B) Finance
Department
(C) Production
Department
(D) Marketing Department
4. Under which method of recruitment candidates are
recruited directly from professional or technical institutions. 1
(A) Recruitment at the Factory Gate
(B) Media
Advertisements
(C) Educational
institutions
(D) Employment
exchange
5. The usual source of finance for companies is: 1
(A) Own savings
(B) Commercial
Banks
(C) Capital
Market
(D) Money
lenders
6. Which of the following is a merit of equity shares
from shareholders point of view: 1
(A) Equity share
holders get dividend only when the company earns sufficient profits
(B) There is
high speculation in equity shares
(C) Equity shares can be easily sold in the stock market
(D) It is
suitable for those who do not want to take risk for higher return
7. Which of the following is not an instrument of Money
Market? 1
(A) Debentures
(B) Call Money
(C) Treasury
Bill
(D) Trade Bill
8. according to area: Which of the following is not a
type of market according to area:
1
(A) Local Market
(B) Retail Market
(C) Regional
Market
(D) Rural Market
9. For advertisement of fertilizer, tractors etc. the
most suitable media of advertising is:
1
(A) Radio
(B) Films
(C) Television
(D) News Papers
10. 'Mc Donalds' is an example of
(A) Departmental
store
(B) Super Market
(C) Chain Stores
(D) Consumer
Cooperative Stores
11. Explain the following principles of management: 3
(A) Unity of
Command
(B) Unity of
Direction
Ans:- (A) Unity of Command: Unity of command provides
that an employee is responsible to only one supervisor, who in turn is
responsible to only one supervisor, and so on across the organizational
hierarchy. This is true even if the top of the organization is headed by a
group of people. For example, imagine that you are the CEO of a technology firm
in Silicon Valley. While your company's board of directors controls policy
making and strategic planning, under the concept of unity of command, you
answer only to the chairman of the board, not all members of the board.
(B) Unity of
Direction: The essence of this principle is 'one unit and one plan' for a
group of activities having the same objective. This implies that there should
be a principal and a plan for a group of activities with the same objective. It
means that the efforts of the members of the organization should be directed
towards the attainment of a common goal. It was forwarded by Fayol.
12. State the importance of leadership with the help of
any three points. 3
Ans:- Leadership is vital to the success of an
organization because it provides guidance, purpose and helps others understand
the long-term strategies and goals of a business.
(i) Vision: Successful
leadership creates a clear vision of what the organization can achieve. Leaders
provide a roadmap that outlines the steps and resources needed to get their
company to the preferred destination.
(ii)
Communication: Leaders help in communicating the vision and mission of the
firm to the employees. It provides direction and helps everyone identify roles
that best suit the skills and experiences. Through clear communication, leaders
encourage their subordinates to work towards the attainment of objectives.
(iii)
Decision Making: Decision making is one of the top leadership skills.
Successful leadership takes the best decisions for the organization under all
circumstances. Leaders are experts in making the right decisions based on the
prevailing circumstances. They weigh their organization's strengths and
weaknesses to ensure that their choices keep them at an advantage now and in
the future.
13. What are Mutual Funds? Explain any one type of mutual
funds. 3
Ans:- A mutual fund is a company that pools money
from multiple investors and invests money in securities such as stocks, bonds,
and short-term debt. The combined holding of a mutual fund is known as its
portfolio. Investors buy shares in mutual funds. Each share represents the
investor's share of ownership in the fund and the income it generates.
Money Market
Funds: These funds invest in short term fixed income securities such as
government bonds, treasury bills, bankers approval, commercial papers and
certificates of deposit. They are generally a safe investment, but with a lower
potential return than other types of mutual funds. Canadian money market funds
try to keep their net asset value (NAV) stable at $10 per security.
14. Identify the financial decision which is concerned
with appropriation of earned profits. State any two factors affecting this
decision. 3
Ans:- Dividend Decision: This financial
decision is concerned with the distribution of profits to the investors who
supply capital to the firm. The term dividend refers to that part of the
profits of a company which is distributed by it among its shareholders.
Factors
Influencing Dividend Decision:
(i) Earnings:
Dividend is paid out of current and previous year's earnings. If there is more
income, the company declares a higher rate of dividend while during periods of
lower income, the rate of dividend is also lower.
(ii)
Stability of Income: Companies with stable or stable income prefer to pay
higher rate of dividend whereas companies with unstable income prefer to pay
lower rate of earnings.
15. State the three levels of packaging. 3
Ans:- There are three levels of packaging:
(i) Primary
Packaging: Primary packaging, commonly called consumer or retail packaging,
is the box that is in direct contact with your product. Primary packaging is
used to protect the product and to inform its customer of its uses and other
valid details. The type of primary packaging used depends on the type of
product you are selling. In the food industry, your primary packaging may be
your actual beverage bottle or it may be a pasta box that comes into immediate
contact with the pasta.
(ii)
Secondary Packaging: Secondary packaging, similar to primary packaging, has
different uses depending on the product. This level of packaging can be the
shipping box used to contain your primary packaging, but it can also be your
retail or consumer-facing packaging.
(iii)
Tertiary Packaging: Tertiary packaging is a shipping box usually used to
protect secondary packaging. Warehouses use tertiary packaging to protect and
transport goods. One type of tertiary packaging includes shrink boxes wrapped
on pallets or shipping boxes with your printed carton.
Full solution coming soon.
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