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Business Studies Worksheet

Total questions: 80

Worksheet time: 43mins

Name
Class
Date
1.

Which of the following is an example of Off-the-Job Training?

a)

Job rotation

b)

Mentoring

c)

Apprenticeship

d)

Classroom training

2.

Rishav prepared a detailed plan of operations for a specific future period. Identify the process.

a)

Forecasting

b)

Marketing

c)

Budgeting

d)

Selecting

3.

Sharma and Company is planning to spend ₹5,00,000 on advertising. Under which type of expense can it be classified?

a)

Capital expenditure

b)

Revenue expenditure

c)

Capital receipts

d)

Deferred Revenue expenditure

4.

Assertion (A): Preference shares are a hybrid form of financing. Reason (R): Preference shares have characteristics of both equity shares and debentures.

a)

Both (A) and (R) are true and (R) is the correct explanation of (A)

b)

Both (A) and (R) are true but (R) is not the correct explanation of (A)

c)

(A) is true and (R) is false

d)

Both (A) and (R) are false

5.

Which of the following is Not true with reference to the Reserve Bank of India?

a)

It is the sole custodian of foreign exchange reserves.

b)

It extends loans to the general public.

c)

It makes and receives payment on behalf of the government.

d)

It has the monopoly of issuing currency notes.

6.

Which type of selection test helps to measure an applicant’s level of knowledge and skill in a particular occupation?

a)

Aptitude test

b)

Interest test

c)

Trade test

d)

Dexterity test

7.

Which of the following are true for a Trading Account?

a)

I and II are true

b)

II and III are true

c)

III and IV are true

d)

II and IV are true

8.

Marketing aims to build the reputation of the enterprise over time.

a)

True

b)

False

9.

Expenses incurred by the firm to purchase a second-hand machine and make it ready for use are treated as:

a)

Capital Expenditure

b)

Revenue Expenditure

c)

Capital Receipts

d)

Revenue Receipts

10.

Expenses incurred for construction of a building are classified as:

a)

Revenue Expenditure

b)

Capital Expenditure

c)

Deferred Revenue Expenditure

d)

Miscellaneous Expenditure

11.

Which warehouses are generally located in rural and suburban areas where space is available at low cost?

a)

Public

b)

Bonded

c)

Cold Storage

d)

Private

12.

The module used for tracking of the stock of items in an organisation is:

a)

Inventory module

b)

Purchase module

13.

Closing stock appears in the final accounts in the:

a)

Trading account only

b)

Profit and loss account and balance sheet

c)

Balance sheet only

d)

Trading account and balance sheet

14.

These posters are examples of:

a)

Sales promotion

b)

Marketing

c)

Selling

d)

Social advertising

15.

A social security scheme in which both employer and employee contribute 10% of the basic wages every month is:

a)

Gratuity

b)

Pension

c)

Provident fund

d)

Group insurance

16.

Which of these is an objective of pricing?

a)

Profit maximization

b)

Human resource management

c)

Checking inventory

d)

Fairs and exhibitions

17.

Ramu is a labourer working in 'ABC Constructions'. His expectations from his company are:

a)

1 and 4

b)

2 and 3

c)

3 and 4

d)

2 and 4

18.

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:

a)

Equity shares

b)

Preference shares

c)

Debentures

d)

Ownership securities

19.

A budget is a statement that can be expressed:

a)

in monetary units only

b)

both in monetary and physical units

c)

in physical units only

d)

as an estimate of events only

20.

Heavy expenditure on advertisement is classified as:

a)

Revenue Expenditure

b)

Capital Expenditure

c)

Deferred Revenue Expenditure

d)

Miscellaneous Expenditure

21.

______ expect the business organization to follow the laws and regulations of the country.

a)

Suppliers

b)

Government

c)

Associates

d)

Owners

22.

Adulteration means cheating a consumer by:

a)

Giving less quantity of a product

b)

Charging unreasonably high prices

c)

Mixing of harmful substances in the product

d)

Keeping away information from the consumers

23.

______ is an example of Capital Expenditure.

a)

Land and building

b)

Rent

c)

Repairs and maintenance

d)

Interest on loan

24.

The budget that forms the fundamental basis of all budgets and lays down the ________ revenue of an enterprise is the:

a)

Purchase Budget

b)

Sales Budget

c)

Cash Budget

d)

Production Budget

25.

________ is the process of carefully screening the candidates to choose the most suitable person for the job.

a)

Recruitment

b)

Selection

c)

Training

d)

Development

26.

The fastest mode of transport for light weight goods of high value is:

a)

Airways

b)

Waterways

c)

Railways

d)

Roadways

27.

Commercial transactions in which an order is placed electronically is:

a)

NEFT

b)

E-Commerce

c)

RTGS

d)

Retailing

28.

Internal stakeholders do NOT consist of:

a)

Suppliers

b)

Employers

c)

Employees

d)

Shareholders

29.

The consumer’s right to be protected against the marketing of goods which are hazardous to life and property is:

a)

Right to safety

b)

Right to seek redressal

c)

Right to be heard

d)

Right to be informed

30.

Rent received by a business firm is an example of:

a)

Revenue receipt

b)

Capital receipt

c)

Capital expenditure

d)

Deferred revenue expenditure

31.

'X' pays Rs. 60 for one kg of mangoes. The fruit vendor gives him 900 g of mangoes. Identify what has happened.

a)

Consumer protection

b)

Consumer exploitation

c)

Consumer awareness

d)

Consumer rights

32.

Which of the following is NOT considered as a Consumer Right?

a)

Right to freedom of speech

b)

Right to consumer education

c)

Right to be informed

d)

Right to safety

33.

Heavy expenditure on advertisement is classified as:

a)

Miscellaneous Expenditure

b)

Revenue Expenditure

c)

Deferred Revenue Expenditure

d)

Capital Expenditure

34.

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.

a)

I. The vice-principal is being transferred

b)

II. The vice-principal will be getting a higher salary

c)

III. The vice-principal is getting promoted

d)

IV. The vice-principal will be getting the same salary but her designation will change

35.

The National Pension Scheme seeks to provide old-age security to the citizens.

a)

True

b)

False

36.

Which of the following banks regulate the supply of money in the economy?

a)

Commercial banks

b)

Indigenous banks

c)

Central bank

d)

Exchange banks

37.

Pioneer advertising is also known as _______.

a)

Concept advertising

b)

Reminder advertising

c)

Persuasive advertising

d)

Comparative advertising

38.

Ledger is also called the _______.

a)

Journal book

b)

Principal book

c)

Account book

d)

Subsidiary book

39.

The process of assigning specific work to new employees is called _______.

a)

Recruitment

b)

Selections

c)

Interview

d)

Placement

40.

Fluctuation in the purpose to make profit out of fluctuation in prices.

a)

Spot market

b)

Future market

c)

Catalogue market

d)

Secondary market

41.

Which stage of marketing is characterised by hard selling?

a)

Production oriented stage

b)

Product oriented stage

c)

Sales oriented stage

d)

Societal marketing stage

42.

Identify which of this is NOT the advantage of Advertising to the consumers.

a)

Advertisement creates a direct link between the Producer and Consumer

b)

It provides educational value

c)

It reduces the possibility of cheating of customers

d)

It helps to meet the competition in the market

43.

Which function of Human Resource Management deals with handling employee grievances, conflict resolution and employee counselling?

a)

Procurement function

b)

Development function

44.

The central bank settles the claims of commercial banks and is called _______.

a)

Banking facility

b)

Ledger facility

c)

Clearing House Facility

d)

Accounts facility

45.

Which is a widely used medium of advertising?

a)

Television

b)

Film

c)

Outdoor

d)

Newspaper

46.

With reference to methods of training, identify the correct statement:

a)

On-the-job training is also known as 'learning by doing'.

b)

On-the-job training is given to an employee who is trained outside the job.

c)

On-the-job training is the process of judging the suitability of applicants in the light of job requirements.

d)

On-the-job training is the process of searching for and identifying the prospective employees.

47.

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)

A is false, but R is true.

b)

R is false, but A is true.

c)

Both A and R are true and R explains A.

d)

Both A and R are true but R does not explain A.

48.

Heavy expenditure on advertisement is classified as:

a)

Revenue Expenditure

b)

Capital Expenditure

c)

Deferred Revenue Expenditure

d)

Miscellaneous Expenditure

49.

Adulteration means cheating a consumer by:

a)

Giving less quantity of a product

b)

Charging unreasonably high prices

c)

Mixing of harmful substances in the product

d)

Keeping away information from the consumers

50.

______ is an example of Capital Expenditure.

a)

Land and building

b)

Rent

c)

Repairs and maintenance

d)

Interest on loan

51.

The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.

a)

Purchase Budget

b)

Sales Budget

c)

Cash Budget

d)

Production Budget

52.

(a)   is the process of carefully screening the candidates to choose the most suitable persons for the job.

53.

The fastest mode of transport for light-weight goods of high value is:

a)

Airways

b)

Waterways

c)

Railways

d)

Roadways

54.

Commercial transactions in which an order is placed electronically is:

a)

NEFT

b)

E-Commerce

c)

RTGS

d)

Retailing

55.

Internal stakeholders do NOT consist of:

a)

Suppliers

b)

Employers

c)

Employees

d)

Shareholders

56.

The consumer’s right to be protected against the marketing of goods which are hazardous to life and property is _______.

a)

Right to safety

b)

Right to seek redressal

c)

Right to be heard

d)

Right to be informed

57.

Rent received by a business firm is an example of:

a)

Revenue receipt

b)

Capital receipt

c)

Capital expenditure

d)

Deferred revenue expenditure

58.

Any tangible material offered for sale and which can be replaced is a _______.

a)

Price wars

b)

Service

c)

Product

d)

Sales

59.

Two popular mobile wallets are:

a)

Swiggy and Zomato

b)

Instagram and Snapchat

c)

Google Pay and Paytm

d)

RTGS and NEFT

60.

The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of:

(a)  

61.

The Chief of the Reserve Bank of India is called:

a)

The Governor

b)

The Chairman

c)

The Finance Secretary

d)

The President

62.

Warehouses licensed by the government and established specifically for storage of durable goods are called:

a)

Bonded warehouses

b)

Public warehouses

c)

Private warehouses

d)

Duty-paid warehouses

63.

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.

a)

Fixed deposit account, high interest rate

b)

Saving account, low interest rate

c)

Current account, no interest

d)

Current account, high interest rate

64.

“It is a set of policies, programmes and practices designed to maximise both personal and organisational objectives.” Identify the concept.

a)

Financial Management

b)

Human Resource Management

c)

Marketing Management

d)

All of these

65.

Select the correct sequence of staffing process.

a)

Recruitment, Selection, Human Resource Planning, Placement, Induction

b)

Human Resource Planning, Recruitment, Selection, Placement, Induction

c)

Human Resource Planning, Placement, Induction, Recruitment, Selection

d)

Recruitment, Selection, Human Resource Planning, Induction, Placement

66.

Under which method of training employees are given training away from the actual work floor?

4 lines
67.

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?

a)

Training

b)

Selection

c)

Recruitment

d)

Human Resource Planning

68.

Renuka wants to buy gold jewellery. As an aware customer how can she be sure about the quality of gold?

a)

ISI Mark

b)

Hallmark

c)

FPO Mark

d)

AGMARK

69.

All of the following are benefits of advertisements to customers except -

a)

Employment generation society

b)

Convenience

c)

Better quality

d)

Lower price

70.

Free samples are given to consumers in case of -

a)

Personal Selling

b)

Sales Promotion

c)

Advertising

d)

Publicity

71.

"Ecology is permanent economy." Who is the person who coined this Chipko slogan?

a)

Chandi Prasad Bhatt

b)

Dhoom Singh Negi

c)

Sundarlal Bahuguna

d)

Ghanshyam Raturi

72.

Soap and shampoo are which kind of products?

a)

Speciality products

b)

Shopping products

c)

Unsought products

d)

Convenience products

73.

A reduction in price on purchase during a stated period of time is known as:

a)

Sale

b)

Discount

c)

Allowance

d)

None of these

74.

Identifying the ________ candidates and ________ them to apply for the job is called recruitment.

a)

available, insisting

b)

available, making

c)

potential, attracting

d)

potential, insisting

75.

Name the element which is not of public relation.

a)

Human relations

b)

Monologue

c)

Persuasion

d)

Empathy

76.

This element is not a price mix.

a)

Inventory control

b)

terms of credit

c)

Price to be charged

d)

discounts and allowances to be offered

77.

The main reason for the rapid growth of public relations is / are:

a)

Communication gap

b)

Recognition of social responsibility

c)

Population decline

d)

Rapid decline in communication media

78.

Gulf of Kutch, Gulf of Cambay, Sundarbans are selected for generating -

a)

Wind energy

b)

Tidal energy

c)

Nuclear energy

d)

Hydro energy

79.

______ costs fixed per unit but vary in total. These increase with increase in the volume of output.

a)

Fixed

b)

Semi-Variable

c)

Semi-Fixed

d)

Variable

80.

Which of the statement is false regarding bank draft?

a)

A bank draft is always drawn by a bank.

b)

A bank draft cannot be made payable to bearer.

c)

A bank draft can be dishonoured.

d)

Commission is paid in advance by the sender of money.