WorksheetsBusiness Studies Worksheet
Total questions: 80
Worksheet time: 43mins
Which of the following is an example of Off-the-Job Training?
Job rotation
Mentoring
Apprenticeship
Classroom training
Rishav prepared a detailed plan of operations for a specific future period. Identify the process.
Forecasting
Marketing
Budgeting
Selecting
Sharma and Company is planning to spend ₹5,00,000 on advertising. Under which type of expense can it be classified?
Capital expenditure
Revenue expenditure
Capital receipts
Deferred Revenue expenditure
Assertion (A): Preference shares are a hybrid form of financing. Reason (R): Preference shares have characteristics of both equity shares and debentures.
Both (A) and (R) are true and (R) is the correct explanation of (A)
Both (A) and (R) are true but (R) is not the correct explanation of (A)
(A) is true and (R) is false
Both (A) and (R) are false
Which of the following is Not true with reference to the Reserve Bank of India?
It is the sole custodian of foreign exchange reserves.
It extends loans to the general public.
It makes and receives payment on behalf of the government.
It has the monopoly of issuing currency notes.
Which type of selection test helps to measure an applicant’s level of knowledge and skill in a particular occupation?
Aptitude test
Interest test
Trade test
Dexterity test
Which of the following are true for a Trading Account?
I and II are true
II and III are true
III and IV are true
II and IV are true
Marketing aims to build the reputation of the enterprise over time.
True
False
Expenses incurred by the firm to purchase a second-hand machine and make it ready for use are treated as:
Capital Expenditure
Revenue Expenditure
Capital Receipts
Revenue Receipts
Expenses incurred for construction of a building are classified as:
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
Which warehouses are generally located in rural and suburban areas where space is available at low cost?
Public
Bonded
Cold Storage
Private
The module used for tracking of the stock of items in an organisation is:
Inventory module
Purchase module
Closing stock appears in the final accounts in the:
Trading account only
Profit and loss account and balance sheet
Balance sheet only
Trading account and balance sheet
These posters are examples of:
Sales promotion
Marketing
Selling
Social advertising
A social security scheme in which both employer and employee contribute 10% of the basic wages every month is:
Gratuity
Pension
Provident fund
Group insurance
Which of these is an objective of pricing?
Profit maximization
Human resource management
Checking inventory
Fairs and exhibitions
Ramu is a labourer working in 'ABC Constructions'. His expectations from his company are:
1 and 4
2 and 3
3 and 4
2 and 4
Rahim has given a loan of ₹5 lakhs to a fertilizer company. The company pays him interest regularly and has promised to return his amount after 5 years. Rahim has invested in:
Equity shares
Preference shares
Debentures
Ownership securities
A budget is a statement that can be expressed:
in monetary units only
both in monetary and physical units
in physical units only
as an estimate of events only
Heavy expenditure on advertisement is classified as:
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
______ expect the business organization to follow the laws and regulations of the country.
Suppliers
Government
Associates
Owners
Adulteration means cheating a consumer by:
Giving less quantity of a product
Charging unreasonably high prices
Mixing of harmful substances in the product
Keeping away information from the consumers
______ is an example of Capital Expenditure.
Land and building
Rent
Repairs and maintenance
Interest on loan
The budget that forms the fundamental basis of all budgets and lays down the ________ revenue of an enterprise is the:
Purchase Budget
Sales Budget
Cash Budget
Production Budget
________ is the process of carefully screening the candidates to choose the most suitable person for the job.
Recruitment
Selection
Training
Development
The fastest mode of transport for light weight goods of high value is:
Airways
Waterways
Railways
Roadways
Commercial transactions in which an order is placed electronically is:
NEFT
E-Commerce
RTGS
Retailing
Internal stakeholders do NOT consist of:
Suppliers
Employers
Employees
Shareholders
The consumer’s right to be protected against the marketing of goods which are hazardous to life and property is:
Right to safety
Right to seek redressal
Right to be heard
Right to be informed
Rent received by a business firm is an example of:
Revenue receipt
Capital receipt
Capital expenditure
Deferred revenue expenditure
'X' pays Rs. 60 for one kg of mangoes. The fruit vendor gives him 900 g of mangoes. Identify what has happened.
Consumer protection
Consumer exploitation
Consumer awareness
Consumer rights
Which of the following is NOT considered as a Consumer Right?
Right to freedom of speech
Right to consumer education
Right to be informed
Right to safety
Heavy expenditure on advertisement is classified as:
Miscellaneous Expenditure
Revenue Expenditure
Deferred Revenue Expenditure
Capital Expenditure
When the Principal of a school retires the vice-principal is given her place. Identify which of the following will be true in this context.
I. The vice-principal is being transferred
II. The vice-principal will be getting a higher salary
III. The vice-principal is getting promoted
IV. The vice-principal will be getting the same salary but her designation will change
The National Pension Scheme seeks to provide old-age security to the citizens.
True
False
Which of the following banks regulate the supply of money in the economy?
Commercial banks
Indigenous banks
Central bank
Exchange banks
Pioneer advertising is also known as _______.
Concept advertising
Reminder advertising
Persuasive advertising
Comparative advertising
Ledger is also called the _______.
Journal book
Principal book
Account book
Subsidiary book
The process of assigning specific work to new employees is called _______.
Recruitment
Selections
Interview
Placement
Fluctuation in the purpose to make profit out of fluctuation in prices.
Spot market
Future market
Catalogue market
Secondary market
Which stage of marketing is characterised by hard selling?
Production oriented stage
Product oriented stage
Sales oriented stage
Societal marketing stage
Identify which of this is NOT the advantage of Advertising to the consumers.
Advertisement creates a direct link between the Producer and Consumer
It provides educational value
It reduces the possibility of cheating of customers
It helps to meet the competition in the market
Which function of Human Resource Management deals with handling employee grievances, conflict resolution and employee counselling?
Procurement function
Development function
The central bank settles the claims of commercial banks and is called _______.
Banking facility
Ledger facility
Clearing House Facility
Accounts facility
Which is a widely used medium of advertising?
Television
Film
Outdoor
Newspaper
With reference to methods of training, identify the correct statement:
On-the-job training is also known as 'learning by doing'.
On-the-job training is given to an employee who is trained outside the job.
On-the-job training is the process of judging the suitability of applicants in the light of job requirements.
On-the-job training is the process of searching for and identifying the prospective employees.
Assertion (A): Values are a set of standards of behavior considered desirable and important by society. Reason (R): These principles or standards of behavior need not be inculcated in a person through the right kind of education.
A is false, but R is true.
R is false, but A is true.
Both A and R are true and R explains A.
Both A and R are true but R does not explain A.
Heavy expenditure on advertisement is classified as:
Revenue Expenditure
Capital Expenditure
Deferred Revenue Expenditure
Miscellaneous Expenditure
Adulteration means cheating a consumer by:
Giving less quantity of a product
Charging unreasonably high prices
Mixing of harmful substances in the product
Keeping away information from the consumers
______ is an example of Capital Expenditure.
Land and building
Rent
Repairs and maintenance
Interest on loan
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.
Purchase Budget
Sales Budget
Cash Budget
Production Budget
(a) is the process of carefully screening the candidates to choose the most suitable persons for the job.
The fastest mode of transport for light-weight goods of high value is:
Airways
Waterways
Railways
Roadways
Commercial transactions in which an order is placed electronically is:
NEFT
E-Commerce
RTGS
Retailing
Internal stakeholders do NOT consist of:
Suppliers
Employers
Employees
Shareholders
The consumer’s right to be protected against the marketing of goods which are hazardous to life and property is _______.
Right to safety
Right to seek redressal
Right to be heard
Right to be informed
Rent received by a business firm is an example of:
Revenue receipt
Capital receipt
Capital expenditure
Deferred revenue expenditure
Any tangible material offered for sale and which can be replaced is a _______.
Price wars
Service
Product
Sales
Two popular mobile wallets are:
Swiggy and Zomato
Instagram and Snapchat
Google Pay and Paytm
RTGS and NEFT
The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of:
(a)
The Chief of the Reserve Bank of India is called:
The Governor
The Chairman
The Finance Secretary
The President
Warehouses licensed by the government and established specifically for storage of durable goods are called:
Bonded warehouses
Public warehouses
Private warehouses
Duty-paid warehouses
Sudhir is a businessman and who deals in buying and selling computer parts whereas, Suhas is working as a manager in Axis Bank. Sudhir deals with a lot of customers daily and receives money from them as his transactions are mostly on cash basis. As it becomes difficult for him to manage cash daily, Suhas advised him to open a bank account in Axis Bank. Name the type of bank account which will be opened by Sudhir in Axis Bank and the kind of interest rate provided in the type of account opened.
Fixed deposit account, high interest rate
Saving account, low interest rate
Current account, no interest
Current account, high interest rate
“It is a set of policies, programmes and practices designed to maximise both personal and organisational objectives.” Identify the concept.
Financial Management
Human Resource Management
Marketing Management
All of these
Select the correct sequence of staffing process.
Recruitment, Selection, Human Resource Planning, Placement, Induction
Human Resource Planning, Recruitment, Selection, Placement, Induction
Human Resource Planning, Placement, Induction, Recruitment, Selection
Recruitment, Selection, Human Resource Planning, Induction, Placement
Under which method of training employees are given training away from the actual work floor?
The employees in the Sales and Marketing department in Canon Ltd., have been working beyond their office hours in the company. They are unable to meet the orders of all the customers on time. The work pressure on their managers is tremendous and they are handling two or more territories. Hence, they feel overburdened and dissatisfied. Identify which step in the process of staffing was not carried out properly?
Training
Selection
Recruitment
Human Resource Planning
Renuka wants to buy gold jewellery. As an aware customer how can she be sure about the quality of gold?
ISI Mark
Hallmark
FPO Mark
AGMARK
All of the following are benefits of advertisements to customers except -
Employment generation society
Convenience
Better quality
Lower price
Free samples are given to consumers in case of -
Personal Selling
Sales Promotion
Advertising
Publicity
"Ecology is permanent economy." Who is the person who coined this Chipko slogan?
Chandi Prasad Bhatt
Dhoom Singh Negi
Sundarlal Bahuguna
Ghanshyam Raturi
Soap and shampoo are which kind of products?
Speciality products
Shopping products
Unsought products
Convenience products
A reduction in price on purchase during a stated period of time is known as:
Sale
Discount
Allowance
None of these
Identifying the ________ candidates and ________ them to apply for the job is called recruitment.
available, insisting
available, making
potential, attracting
potential, insisting
Name the element which is not of public relation.
Human relations
Monologue
Persuasion
Empathy
This element is not a price mix.
Inventory control
terms of credit
Price to be charged
discounts and allowances to be offered
The main reason for the rapid growth of public relations is / are:
Communication gap
Recognition of social responsibility
Population decline
Rapid decline in communication media
Gulf of Kutch, Gulf of Cambay, Sundarbans are selected for generating -
Wind energy
Tidal energy
Nuclear energy
Hydro energy
______ costs fixed per unit but vary in total. These increase with increase in the volume of output.
Fixed
Semi-Variable
Semi-Fixed
Variable
Which of the statement is false regarding bank draft?
A bank draft is always drawn by a bank.
A bank draft cannot be made payable to bearer.
A bank draft can be dishonoured.
Commission is paid in advance by the sender of money.
