NIOS| BUSINESS STUDIES (215)| SOLVED PAPER – OCT - 2022| SECONDARY| ENGLISH MEDIUM
BUSINESS STUDIES
(215)
[OCT - 2022]
Time: 3 Hours
Maximum Marks: 100
Note: (i) All questions are compulsory.
(ii) Marks
allotted for each question are indicated against it.
1. Extraction of timber from forests is an example of: 1
(A) Primary Industry
(B) Genetic
Industry
(C)
Extractive Industry
(D)
Manufacturing Industry
2. Which of the following type of warehouses are used to
store imported goods for which import duty is yet to be paid? 1
(A) Public
Warehouses
(B)
Government Warehouses
(C) Bonded Warehouses
(D)
Co-operative Warehouses
3. The focus of this outsourcing is on knowledge
expertise: 1
(A) Back
office
(B) Knowledge Processing
(C) Front
office
(D) Business
Processing
4. Overdraft facility is allowed to account holders of: 1
(A) Savings
Bank Account
(B) Current Deposit Account
(C) Fixed
Deposit Account
(D) Recurring
Deposit Account
5. Newspapers are suitable for advertising of: 1
(A) Consumer goods designed for general public.
(B) Products
required by target customers.
(C)
Agricultural products meant for farmers.
(D) Products
that require live demonstration to the consumers.
6. ‘Sale-Discount upto 80% ' is a/an: 1
(A) Sale on
Approval
(B) Auction
sale
(C) Wash sale
(D) Sale
through tender
7. This malpractice means adding something inferior to
the product being sold: 1
(A) Adulteration
(B) Sale of
Duplicates
(C) Hoarding
(D)
Misleading Advertising
8. Number of Rights that are provided to consumers under
the 'Consumer Protection Act' are: 1
(A) 5
(B) 6
(C) 7
(D) 8
9. Career path means: 1
(A) Work done on different job positions
(B) Getting a
job title
(C) Way
adopted for a career
(D) Getting
professional degree
10. An Entrepreneur is a person, who: 1
(A) generates
jobs for himself only
(B) learns
only after committing the mistakes repeatedly
(C) cannot
take risk to convert ideas into action
(D) is creative and innovative in terms of identifying
opportunities
11. "Business can help in three ways to control
pollution." Explain any two of these ways. 3
Ans:- Businesses can help control pollution in
several ways, including:
(A) reducing
waste
(i)
Businesses can reduce waste by:
(a) buying only
what they will use
(b) Labeling
containers with contents and dates
(c) Setting up an
inventory tracking system
(d) Evaluation of
manufacturing processes
(B) Encouraging
public transportation: Businesses can encourage employees to use public
transportation and carpool with coworkers. This can reduce indirect greenhouse
gas emissions.
(C)
improvement in air quality
(i)
Businesses can improve air quality in the workplace by:
(a) Cleaning and
replacement of building air filters
(b) disposing of
garbage properly
(c) Proper
storage of food
(d) management of
potential pollutant sources such as pest control and construction.
12. Explain any three modern trends of E-Banking in
India. 3
Ans:- Some of the modern trends of e-banking in India are
as follows:
(i)
Personalization: Banks are using AI and ML to provide personalized
solutions and features to customers.
(ii)
Automation: E-banking service delivery channels provide 24/7 access, low
costs and proper cash management.
(iii)
Digitization:
Trends
include:
(a) Growth of
online transactions
(b) AI provides
more targeted services
(c) Data-driven
approach
(d) cloud
computing
(e) real time
payment
13. 'Warehousing is a very important auxiliary to trade.'
Justify the statement by giving any three needs of warehousing. 3
Ans:- Warehousing is an important aid to business as
it helps in facilitating the business. Warehousing provides storage facilities
for goods. It helps businesses:
(i) Store the
goods after their manufacture or production
(ii) To maintain
steady supply of goods in the market
(iii) Maintain
reasonable prices
(iv) Manage
supply chains and optimize order fulfillment processes
(v) Improvement
in productivity, customer satisfaction and profits
Warehousing is
important as it helps in solving various difficulties involved in the process
of trading. For example, storage can help with:
(i) Increase the
shelf life of agricultural commodities
(ii) To increase
the market base for agricultural commodities
(iii) To
facilitate greater cargo handling at ports
(iv) To handle
increased production capacity
(v) Keep the
goods safe and maintain their quality until required
(vi) Other aids
to business include: transportation, banking, insurance, advertising.
14. Briefly explain any two functions of wholesalers. 3
Ans:- Wholesalers perform many functions, including:
(i) Buying
goods: Wholesalers buy goods in bulk from manufacturers. They often buy
goods at cheap prices.
(ii) Storage
of goods: Wholesalers store the goods in warehouses until they are sold.
They maintain proper inventory of all the products.
(iii) Selling
goods: Wholesalers sell goods to various retailers. They often sell goods
on credit to retailers.
15. State any three reliefs which a Consumer Forum /
Commission may order in favour of consumers. 3
Ans:- The Consumer Forum or Commission may order the
following relief in favor of consumers:
(i) To remove
defects in goods or services
(ii) Replace
defective products with new products
(iii) Refund the
price paid for the product
(iv) To
compensate for the loss or injury suffered
(v) Awarding
punitive compensation in appropriate circumstances
(vi) Pay
adequate costs to the appropriate party
The Consumer
Protection Act 1986 provides these reliefs to consumers.
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