Class 12 Business Studies Chapter 1 MCQ and Important Questions

Updated by Tiwari Academy
on July 14, 2022, 8:36 AM

Class 12 Business Studies Chapter 1 MCQ and Important Questions of Nature and Significance of Management with answers and explanation for Session 2023-24. Class 12 Business Studies Chapter 1 Extra important questions and MCQ are given here to revise the chapter. Get here Class 12 Business Studies Chapter 1 Solutions

Class 12 Business Studies Chapter 1 MCQ

Which of the following is not an organizational objective of management?

[A]. Survival

[B]. Profit

[C]. Growth

[D]. Good working conditions

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Which of the following is considered as essence of management?

[A]. Delegation

[B]. Decentralisation

[C]. Organising

[D]. Coordination

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Which of the following is the primary function of management?

[A]. Planning

[B]. Controlling

[C]. Organising

[D]. Directing

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Which of the following is part of social objectives of business?

[A]. Providing schools and colleges

[B]. Generating employment

[C]. Using environmental friendly method of production

[D]. All of the above

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Characteristics of Management

Goal oriented Process
Pervasive
Multidimensional
Continuous
Group Activity
Dynamic function
Intangible Force

How many levels of management are there?

[A]. 2

[B]. 3

[C]. 4

[D]. 5

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Which level of management does the task of interpretation of policies?

[A]. Top level

[B]. Middle level

[C]. Lower level

[D]. All levels

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Which level of management serves as linking pin between workers and other levels of management?

[A]. Top level

[B]. Middle level

[C]. Lower level

[D]. None of the above

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Which level is called operational level?

[A]. Top level

[B]. Middle level

[C]. Lower level

[D]. (b) and (c)

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Social objectives of Management

It involves fulfilling obligations towards society. This includes.
Creating employment opportunities for society.
Providing/Producing good quality products & services.
Protecting environment.

Why is management not considered a profession?

[A]. There is no professional body to regulate the conduct of managers.

[B]. There is no well-defined knowledge.

[C]. There are no established rules are regulations for entry and exit of managers.

[D]. [A] and [c].

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Q10

The process of integrating the activities of an organization in pursuit of common goals it is called

[A]. Synchronisation

[B]. Coordination

[C]. Centralisation

[D]. Organising

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Q11

Which of the following explains the nature of management?

[A]. Dynamic

[B]. Static

[C]. Rational

[D]. Occasional

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Q12

Effectiveness of manager can be judged by which of the following?

[A]. Completing the work on time

[B]. Completing the work at minimum cost

[C]. Both [a] and [b]

[D]. None of the Above

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Personal objectives of Management

Personal objectives are concerned with satisfying needs of the employes such as:

Giving competitive salary and perks to employees.
Giving recognition to employes.
Satisfying diverse needs of employes.

Q13

Is management an art?

[A]. No

[B]. Yes

[C]. Partially true

[D]. None of the Above

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Q14

Which of the following is not a feature of management?

[A]. Management is all pervasive

[B]. Management is continuous process

[C]. Management seeks to earn reasonable profit

[D]. Management is multi-dimensional

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Q15

Broadly how many objectives are there in management?

[A]. Three

[B]. Four

[C]. Two

[D]. One

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Q16

Which of the following is true?

[A]. Management is an art and a science

[B]. Management is an art but not a science

[C]. Management is a science not an art

[D]. Management neither an art not a science

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Management as a Science

The features of Science are as follows:

Systematized body of knowledge
Principles based on experiments and observation
Universal validity

Q17

Which of the following is not an importance of management?

[A]. Management increases efficiency

[B]. Management helps in coordination

[C]. Management helps in achieving personal objectives

[D]. All of the above

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Q18

Management is all pervasive because

[A]. It is required at all levels

[B]. It is required in every type of organization

[C]. Both [a] and [b]

[D]. Neither [a] nor [b]

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Q19

Coordination is like a thread in a garland – it is not a separate function of management rather it is part of managerial functions. This statement is . . . . ?

[A]. False

[B]. Partially True

[C]. True

[D]. None of the above

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Q20

When is a manager said to be efficient?

[A]. When he completes work in time

[B]. When he work as per budgeted cost

[C]. Both [a] and [b]

[D]. When he completes a work at minimum cost

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Elements of Management

(1) Planning
(2) Organising
(3) Staffing
(4) Directing
(5) Controlling

Are MCQs necessary for class 12th business studies, in general?

Yes, by solving MCQs and after reading the explanation to the solution, a student’s grasp over the subject increases.

Are MCQs asked in the board examinations in chapter 1 business studies class 12th?

It varies from Board to Board. CBSE will conduct year- end examination in 2023- So, unless the Board releases the sample paper, nothing can be said for certain.

What is the weightage of business studies chapter 1 MCQ class 12th?

According to the latest curriculum issued by CBSE, a group of chapter has a percentage or weightage assigned. Normally, MCQs carry 1 mark each. The chapter’s weightage could be approximately 7 marks. Approximately 2 – 3 questions can be asked each of different weightage.