AHSEC| CLASS 12| BUSINESS STUDIES| SOLVED PAPER - 2023| H.S. 2ND YEAR
2023
BUSINESS STUDIES
Full Marks: 80
Pass Marks: 24
Time: Three hours
The figures in the margin indicate
full marks for the questions
1. (a) What is meant by profession? 1
Ans:- profession
is an economic activity that requires individuals to have specialized knowledge
and skills to earn their livelihood.
Or
Which
function of management ensures work accomplishment according to plan?
Ans:- Management
control ensures work accomplishment as per work plans.
(b) Give the
meaning of time study. 1
Ans:- The
study of time determines the standard time taken to complete a task.
(c) Under
which environment factor does fiscal policy fall? 1
Ans:- The economic environment.
Or
What is
disinvestment?
Ans:- It
refers to the process of transferring or selling public property partially or
completely to private ownership. It is a process of reducing the role of
government in the economy. Disinvestment means disposal of equity of public
sector units in the market.
(d) What is
meant by apprenticeship training? 1
Ans:- Apprenticeship
Program It is an on-the-job training method. Under this, a master worker is
appointed as a trainer, who guides the workers regarding work skills.
(e) What is
the other name of long-term investment decision? 1
Ans:- Long-term
investment decisions are also called capital budgeting decisions.
(f) What is treasury
bill? 1
Ans:- Treasury
bill is an instrument of short-term debt, issued by the RBI to meet short-term
requirement of funds on behalf of the Central Government.
2. What is right issue? 2
Ans:- It is an offering of new shares by an existing
company to existing shareholders. Every shareholder has the right to subscribe
for new shares in proportion to the shares he already holds.
Or
Write two
features of new issue market.
Ans:- Features
of New Issue Market: -
(i) It is a
market for new long-term capital.
(ii)
Securities are issued by the company directly to investors for the first time.
3. What is meant by management by exception? 2
Ans:- This management technique is based on the
belief that 'efforts to control everything result in controlling nothing.'
According to this, only necessary and significant deviations which are beyond
the acceptable limits should be controlled.
4. Write two objectives of training. 2
Ans:- (i) Improve the individual's level of
awareness.
(ii) Increase
an individual's skill in one or more areas of expertise.
5. What is the role of budget in a plan? 2
Ans:- A budget is a statement of expected results
expressed in numerical terms. It is a plan that sets out future facts and
figures.
6. Write three differences between training and
development. 3
Ans:- Three differences between training and
development:-
|
Training |
Development |
|
(i) It is a
process of increasing knowledge and skills or an employee. (ii) It is a
job-oriented process. (iii) It is a
short-term process, for a fixed duration. |
(i) It is a
process of learning and growth. (ii) It is a
career-oriented process. (iii) It is a
long-term process, which takes place throughout the life of a person. |
Or
Briefly
explain three internal sources of recruitment.
Ans:- Three
internal sources of recruitment: -
(i)
Promotion: Promotion is the change in designation of an employee. It
involves moving an existing employee to a higher position within the
organization and providing that employee with more responsibility and an
increase in salary.
(ii)
Transfer: Transfer means transferring an existing employee from one
department to another in an organization.
(iii)
Employee Referrals: It may happen that the organization is looking for
employee referrals in an effort to cut down on recruitment costs. Employees are
well familiar with the work roles in the organization that require manpower.
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