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MS SP 2 BST 02

The document contains the marking scheme and questions for a Business Studies exam for Class 12. It includes multiple choice and short answer questions testing concepts like management functions, types of business organizations, consumer protection laws, motivation theories, and financial markets.

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Nidhi Nayak
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19 views4 pages

MS SP 2 BST 02

The document contains the marking scheme and questions for a Business Studies exam for Class 12. It includes multiple choice and short answer questions testing concepts like management functions, types of business organizations, consumer protection laws, motivation theories, and financial markets.

Uploaded by

Nidhi Nayak
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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KENDRIYA VIDYALAYA SANGHATHAN

Kolkata Region
Sample Paper 2017-18
Class-XII Comm.
Sub: Business Studies
Marking Scheme
1. Management is a dynamic function.
2. efficient utilization of resources-achieving at minimum cost
effectiveness- achieving at time
3. rutine steps to carry out activities
4. any two functions of top level of management
• Organising , Controlling and Monitoring activities and resources
• Controlling the work performance

5. provide the valuable information about the securities


6. the financial obligation will be increse due to increase of debt and if the rate of debenture
becomes higher than the rate profitability then there will be the loss for the organisation.
7. quantity deal
8. consumer under Consumer Protection Act 1986- who buy goods for a consideration
which has been paid or promised or partially paid or who hires or avail any servises for
any consideration which has been paid or promised or partially paid. or
Any registered consumer association
9. 1 mark for each correct diff.
Basis Functional structure Divisional structure
Formation Based on funtion Based on line of prodct
Specialization Functional Specialization Prodct Specialization
Responsibility Not easy to fix responsibilty Easy to fix responsibilty

10. 1 mark for each correct remedies available to consumers


Under this Act, remedies available to consumers are as follows :

1. Removal of Defects

2. Replacement of Goods

3. Refund of Price

11. External
Aptitude Test
Non-financial incentives-emoloyee recognition.
12. Secondary market
Providing liquidity & safty of transactions
13. 1 mark for supervisor
2 marks for correct funtions- maintaining group unity among workers
control and sorts out internal differences

14. Threat from MNC – 2 marks for correct explanation


World Class Technology – 2 marks for correct explanation
15. 2 marks for each part of correct answer.
(a) tap renewable solar energy in place of using diesel generators to meet its power
requirements- Technological environment
The government offered industrial land at cheaper rate for the development of
backward area and also provided subsidy for installing solar panels-Economical
environment
(b) First mover advantages & tapping useful resources.

16. 1 marks for each correct limitation.


a) rigidity (b) reduces creativity (c) huge costs (d) time consuming (e) does not guarantee
success (f) may not work in dynamic environment
17. 1 marks for each correct explanation
18. 1 marks for each correct factor.
1. Nature of Business: The type of business has a bearing upon the fixed capital requirements.
For example, a trading concern needs lower investment in fixed assets compared with a
manufacturing organisation.
2. Scale of Operations: A larger organisation operating at a higher scale needs bigger plant, more
space etc. and therefore, requires higher investment in fixed assets when compared with the
small organisation.
3. Choice of Technique: Some organisations are capital intensive whereas others are labour
intensive. A capital-intensive organisation requires higher investment in plant and machinery as it
relies less on manual labour.
4. Technology Up gradation: In certain industries, assets become obsolete sooner. Consequently,
their replacements become due faster. Higher investment in fixed assets may, therefore, be
required in such cases.
19. 1 marks for each correct values affected here- Cheating with customer & ignoring social
responsibility
2 marks for selling concept
20. 1 mark for informal organisation
1 mark for each correct feature
21. 1 mark for each need of Maslow’s Need-Hierarchy theory of Motivation.
Maslow’s Hierarchy of Needs: - According to Maslow, man does every work to satisfy his
need. A man has various needs and their order can be determined. The needs of a human
being serve as a motivation for him. On the basis of priority human needs can be divided into
five parts (i) Physiological needs, (ii) Safety needs, (iii).Affiliation or social needs, (iv) Esteem
needs and (v) Self-actualization needs.
22. 1 mark for controlling
1 mark for each correct process
1. Setting performance standards: Standards are the Criteria against which actual performance
would be measured. Standards serve as bench marks. They can be set in both quantitative as
well as qualitative.
2. Measurement of actual performance: Performance should be measured in an objective and
reliable manner.
3. Comparing actual performance with standards:

4. Analyzing deviations: Major deviation or minor deviation and analyzing the causes of
deviation.
a) Critical point control: Focus only on Key Result Areas (KRAs).
b) Management by Exception: Concentrate only on major deviations only.
5. Taking corrective action: When deviations go beyond the acceptable range, especially in the
important areas, it demands immediate managerial attention so that deviations do not occur
again and standards are accomplished.

23. 1 mark for positive and 1 mark for adverse effects


1 mark for positive and 1 mark for adverse effects
1 mark for positive and 1 mark for adverse effects
24. 1½ for each correct factors
Price objectives
Nature of product
Govt regulation
Cost of production
25. 1 mark for each correct regulatory functions of SEBI.
Regulatory Functions:
i. SEBI registers and regulates the working of mutual funds.
ii. SEBI regulates takeover of companies
iii. SEBI conducts inquires and audit of the stock exchange.
iv. SEBI registers and regulates the working of stock – brokers, Sub – Brokers, Brokers to an issue,
and Registrars to an issue, share transfer agents and such other intermediaries in the stock
market.
v. SEBI regulates the business in stock exchanges and securities market.
vi. SEBI has notified rules and regulations and a code of conduct to regulate the
intermediaries

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