NIOS| BUSINESS STUDIES (215)| QUESTION PAPER – APRIL - 2023| SECONDARY| ENGLISH MEDIUM
BUSINESS STUDIES
(215)
[APRIL - 2023]
Time: 3 Hours
Maximum Marks: 100
Note: (i) All questions are compulsory.
(ii) Marks
allotted for each question are indicated against it.
1. Which of the following activities is non-economic? 1
(A) Playing
football with friends
(B) Teaching in
a school
(C) Working in
an office
(D) Selling
fruits and vegetables in the local market
2. LLP was enacted by the Parliament in the year - 1
(A) 2005
(B) 2006
(C) 2007
(D) 2008
3. Which principle of insurance ensures that the insured
does not become negligent about the safety of the subject matter after taking
an insurance policy? 1
(A) Subrogation
(B) Contribution
(C) Mitigation
(D) Utmost good
faith
4. Which type of insurance covers the risk of loss on
account of fraud and dishonesty on the part of employees handling cash? 1
(A) Liability
insurance
(B) Property
insurance
(C) Burglary
insurance
(D) Fidelity
insurance
5. Web design and content creation is a part of which
service? 1
(A) BPO
(B) KPO
(C) Retail trade
(D) Wholesale
trade
6. Which middleman displays different types of goods in a
very systematic and attractive manner to final customers? 1
(A) Manufacturer
(B) Wholesaler
(C) Retailer
(D) Agent
7. Wholesaler is an important link between - 1
(A) producer and
wholesaler
(B) retailer and
consumer
(C) producer and
consumer
(D) producer and
retailer
8. Which of the following statements is ‘true’? 1
(A) Wash sales
refer to sales of goods at a discount after rainy season.
(B) Sale on
hire-purchase permits the buyer to return the goods at any stage.
(C) Goods
delivered to the buyer on approval basis are always paid for in advance.
(D) In auction
sale, goods are sold to the highest bidder even when there is a reserve price.
9. Sometimes, consumers are carried away by
advertisements on TV. Which right can make the consumer conscious of such a
problem? 1
(A) Right to
choose
(B) Right to be
heard
(C) Right to be
informed
(D) Right to
safety
10. Who can start a business? 1
(A) Very highly
educated person
(B) An
uneducated person
(C) Very rich
person
(D) All of the
above
11. What do you mean by auxiliaries to trade? State any two
categories of it. 3
12. What are the activities undertaken by a consumers’
cooperative society? Give any one example of consumer cooperative society. 3
13. What do you understand by Postal Life Insurance? 3
14. This type of card issued by banks, allows customers to
access their funds immediately, electronically. Identify and explain its
features. 3
15. What do you understand by wash sales? 3
16. What do you understand by extractive industry? Give any
two examples of it. 4
17. What do you understand by social responsibility of
business? Give its two examples. 4
18. What is advertising? State its three features. 4
19. This system is called shopping by post, where goods are
sold directly by producers to consumers through post office. Identify and
explain the concept. State its three features. 4
20. What do you understand by hoarding and black marketing? 4
21. This type of company restricts the right of its members
to transfer their shares. Identify it and state its four features. 5
22. What do you understand by a public warehouse and a
private warehouse? 5
23. Explain the process of communication. 5
24. Explain the purpose of the following laws to protect
the interest of consumers: 5
(a) The
Prevention of Food Adulteration Act, 1954
(b) The
Agricultural Produce (Grading and Marketing) Act, 1937
25. What do you mean by entrepreneurship? Explain its
importance. 5
26. Explain the features of Joint Hindu Family Business. 6
27. State three advantages and three limitations of water
transport. 6
28. State any three points of importance of personal selling
from manufacturer’s point of view and any three points from customer’s point of
view. 6
29. What do you mean by right to consumer education? As a
part of this right, what should consumers expect to be educated about? 6
30. A self-employed person should aware and alert about
changes taking place in the market so as to adjust his operations. Identify
this quality and explain five other qualities required for success in
self-employment. 6
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