Ahsec Class 12 Business Studies Solved Question Paper - 2026| ASSEB BOARD
2026
BUSINESS STUDIES
(Theory)
Full Marks: 80
Pass Marks: 24
Time: 3 hours
The figures in the
margin indicate full marks for the questions
1. Answer any six from the following questions: 1×6=6
(a) Write one technique of scientific
management.
Ans:- Functional foremanship (or Time
study, Motion study, Fatigue study, Standardization and simplification of work,
Differential piece wage system).
(b) Write one objective of
management.
Ans:- Organizational objective (or Social
objective, Personal/Individual objective).
(c) Mention one characteristic of
business environment.
Ans:- Dynamic nature (or Interrelatedness,
Totality of external forces, Relativity, Uncertainty, Complexity).
(d) Write one importance of financial
management.
Ans:- Ensuring availability of adequate
funds at right time at reasonable cost (or Maximization of shareholders'
wealth, Proper utilization of funds, Facilitating financial planning).
(e) Give an example of function of
financial market.
Ans:- Mobilization of savings and
channeling them into the most productive uses (or Pricing of securities,
Providing liquidity to financial assets, Reducing the cost of transaction).
(f) Write one objective of SEBI.
Ans:- To protect the interests of
investors in securities and to promote the development of, and to regulate the
securities market.
(g) Write one type of on-the-job
training method.
Ans:- Apprenticeship training (or
Coaching, Internship, Job rotation).
(h) Mention one importance of source
of recruitment.
Ans:- Helps in finding potential
candidates for various positions (or Enables an enterprise to select the right
candidate, Helps in assessing the effectiveness of various recruitment
sources).
2. Answer
any four from the following questions: 2×4= 8
(a) Mention any two features of
India's New Economic Policy, 1991.
Ans:- Features of India's New
Economic Policy, 1991:-
(i) Liberalization: Reduction of government controls and
restrictions on the private sector.
(ii) Privatization: Transfer of ownership, management,
and control of public sector enterprises to the private sector.
(b) Write any two limitations of
planning.
Ans:- Limitations of planning:-
(i) Planning leads to rigidity: A pre-decided plan creates a rigid
framework, leaving little room for managers to adapt to unforeseen changes.
(ii) Planning may not work in a
dynamic environment:
Since the business environment is continuously changing (economic, political,
social), static plans often fail.
(c) Mention any two importances of
management.
Ans:- Importances of management:-
(i) Achieving group goals: It integrates individual efforts
into a coordinated team effort to achieve predetermined organizational
objectives efficiently.
(ii) Increases efficiency: It optimizes the utilization of
resources (men, material, money, machinery) to minimize costs and maximize
productivity.
(d) Write any two responsibilities of
consumer.
Ans:- Responsibilities of consumer:-
(i) Being aware: Asking for information about the
quality, quantity, price, and ingredients of products before making a purchase.
(ii) Insisting on standardized
products: Looking
for quality certification marks such as ISI, Agmark, Hallmark, or FPO while
buying goods and services.
(e) Mention any two importances of
financial planning.
Ans:- Importances of financial
planning:-
(i) Ensures smooth operations: It helps in ensuring the
availability of adequate funds at the right time, preventing shortages or idle
cash surpluses.
(ii) Helps in facing uncertainties: It prepares the firm to handle
sudden business shocks, contingencies, and risks by maintaining appropriate
financial buffers.
(f) Write any two objectives of
financial management.
Ans:- Objectives of financial
management:-
(i) Wealth maximization: To maximize the market value of
equity shares or the net present value of the firm for its shareholders.
(ii) Profit maximization: To ensure adequate earnings and
profitability to sustain business growth and pay dividends.
3. Answer
any four from the following questions: 3×4=12
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