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CBSE Class 12 Business Studies Exam 2024 has been successfully conducted today i.e., March 27, 2024 by the Central Board of Secondary Education. The exam was conducted for a total of 3 hours i.e., from 10:30 am to 01:30 pm at various examination centers across the country. Thousand of students have appeared in the examination and are waiting for the answers to evaluate their performance in the CBSE Class 12th Business Studies Examination. As the exam has been successfully conducted students will be able to check and download the CBSE Class 12th Business Studies Answer Key and complete the question paper analysis here. For more information regarding the CBSE Class 12th Business Studies answer key go through the complete article below.
CBSE Class 12 Business Studies Answer Key 2024
Today i.e., March 27, 2024 the Central Board of Secondary Education successfully conducted the Class 12 Business Studies exam. Students were allotted a time duration of 3 hours to complete the Business Studies exam and an extra 15 minutes were provided to read the question paper. Business Studies is an important and scoring subject for the Commerce stream students in the senior secondary level. The CBSE Class 12th Business Studies exam 2024 was for a total of 100 marks out of which 80 marks were for the theory exam and the rest 20 marks were for internal assessment. There were a total of 34 questions in the Business studies question paper. The answer key comprises answers for all the different sets of Class 12 Business Studies question papers, making it a valuable tool for self-assessment.
Class 12 Business Studies Answer Key 2024
After the completion of the Class 12 Business Studies 2024 exam, students must be eagerly waiting for the answer key. Here, we have provided the complete set-wise CBSE Class 12 Business Studies Answer Key 2024. The students are informed that the solutions that are provided by our internal experts must be considered provisional.
| CBSE Class 12 Business Studies Answer Key 2024 | |
| Exam Conducting Body | Central Board of Secondary Education |
| Name of Examination | CBSE Class 12th Board Examination 2024 |
| Category | Answer Key |
| Status | To be released |
| CBSE Class 12th Business Studies exam date 2024 | March 27, 2024 |
| CBSE Class 12th Business Studies Answer Key 2024 | March 2024 |
| Mode of Answer Key availability | Online Mode |
| Business Studies Theory exam total marks | 80 Marks |
| Negative Marking | No Negative Marking |
| Official Website | https://www.cbse.nic.in/ |
CBSE Class 12 Business Studies Question Paper 2024 PDF
On March 27, 2024, the Central Board of Secondary Education successfully conducted the Class 12th Business Studies Exam 2024. The CBSE Board Question Papers are valuable resources as after the successful conduction of the exam, these question papers help the students to evaluate their performance in the exams. They also give an overview of papers to students preparing to appear in the class 12th exams next year of the types. In order to download the CBSE Class 12th Business Studies Question Paper 2024 PDF, the direct link has been updated below:
Class 12 Business Studies Answer Key 2024 All SET
QP Code 66/5/1
1. Vanguard Inc.’, a company manufacturing footwear for men, women and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organisation. Varun who is working in the production department gave a suggestion which resulted in 10% reduction in the cost of production of shoes. He was rewarded for his suggestion. Identify the principle of management followed by Vanguard Inc.’ in the above case:
Answer: (C) Initative
2. ‘Child-O’ is a garment manufacturing company which makes clothes with unique and stylish designs for children. Naisha was working as the Human Resource Manager with ‘Child-O’. Inspite of good pay and many other benefits offered, the company is facing problem of high turnover of its employees. Naisha tried to find out the reason but could not. She appointed a person with the permission of the Chief Executive Officer to find out the reason. It was found that other organisations were giving more autonomy and authority to their employees which made them feel that their jobs were important.
Answer: (D) Employee Empowerment
3. ‘Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment’. Thus it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above :
Answer: (B) Complexity
4. Naman and Vineet were childhood friends and both were working in ‘Sunshine Crockery.’ Naman was working as the Chief Executive Officer while Vineet was the Production Manager. They would generally discuss company related issues over lunch-time or while travelling together.
The company had recently received an order for supply of 5,000 dinner sets from Shaurya Hotel. It was an unexpected order and would increase the revenue of the company. This order was communicated by Naman to Vineet over intercom. Vineet executed the order within the given time period. For this, he was appreciated by Naman. The type of communication used by Naman to
communicate the order to Vineet was:
Answer: (B) Informal Communication
5. Statement-I : The basic function of a Stock Exchange is the creation of a continuous market where securities
are bought and sold.
Statement-II: The Stock Exchange provides both liquidity and easy marketability to already existing securities in the market. Choose the correct option from the following:
Answer: (C) Both the Statements are true.
6. As per Plastic Waste Management Rule 2022, single use plastic items were prohibited in Delhi from 1 July. 2022. The dimension of business environment referred to here is _______.
Answer: (B) Legal environment
7. Statement-I: Motivation can be either positive or negative.
Statement-II: Motivation is a complex process as the individuals are heterogeneous in their expectations, perceptions and reactions.
Choose the correct option from the following:
Answer: (C) Both the Statements are true.
8. Navya went to a supermarket for grocery shopping. She bought one kg of bajra flour from the supermarket. On reaching home when she opened the packet she found worms inside it. She was disappointed and told her son about the same. Her son asked her to check the label. When she checked the label of the packet, she found that bajra flour was stale and beyond the expiry date. She approached the sales-person at the supermarket who replaced the bajra flour immediately. When she thanked the sales-person, she was told that it was the policy of the supermarket to satisfy the customers. He further told that satisfied customers not only lead to repeat salesbut they also provide good feedback to prospective customers which helps in increasing the customer base of business. Identify the point of importance of consumer protection from the point of view of the supermarket which is helping them to increase the customer base:
Answer: (A) Long term interest of the business
9. Which of the following is not an element of social environment?
Answer: (C) Rates of saving and investment
10. Assertion (A): Availability of leasing facilities may reduce the funds required to be invested in fixed assets thereby reducing the fixed capital requirements.
Reason (R): When an asset is taken on lease, the firm pays lease rentals to use it and avoids to invest huge sums required to purchase it.
Answer: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
11. Match the terms given in Column-I with their meaning in Column-II.
Choose the correct option from the following:
Answer: (C) a – (ii), b – (iv), c – (i), d – (iii)
12. Kanand Ltd. is an automobile manufacturing company started in 2014 under ‘Make in India’ initiative of the Government of India. Expecting higher growth in future, it developed higher capacity in the current year taking advantage of the subsidies provided by the government. This would enable ‘Kanand Ltd.’ to meet anticipated higher demand quickly, For this, ‘Kanand Ltd.’ invested large amounts in fixed assets leading to higher requirements of fixed capital. Identify the factor affecting fixed capital requirements which ‘Kanand Ltd. kept in mind to meet higher anticipated demand quicker.
Answer: (D) Growth prospects
13. Many reputed business organisations keep a database of unsolicited applicants in their offices. Such job seekers can be a valuable source of manpower. A list of such job seekers can be prepared and can be screened to fill the vacancies as they arise. The source of recruitment discussed above is:
Answer: (A) Direct recruitment
14. Identify from the following – what is shown in the picture of refrigerator given below ?
Answer: (D) Label
15. Which of the following is NOT a factor affecting ‘financing decision’?
Answer: (D) Diversification
16. For holding securities in an electronic form, the investor has to open a demat account with an organisation called
Answer: (B) Securities and Exchange Board of India
Business Studies Answer Key 2024 Set 3
1. Naman and Vineet were childhood friends and both were working in ‘Sunshine Crockery. Naman was working as the Chief Executive Officer while Vineet was the Production Manager. They would generally discuss company-related issues over lunch-time or while traveling together.
The company had recently received an order for a supply of 5,000 dinner sets from Shaurya Hotel. It was an unexpected order and would increase the revenue of the company. This order was communicated by Naman to Vineet over the intercom. Vineet executed the order within the given period. For this, he was appreciated by Naman. The type of communication used by Naman to communicate the order Vineet was:
(A) Formal Communication agra
(C) Online Communication.
(B) Informal Communication
(D) Visual Communication
Answer: (B) Informal Communication
2. ‘Vanguard Inc.’, a company manufacturing footwear for men, women, and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organization. Varun who is working in the production department gave a suggestion which resulted in a 10% reduction in the cost of the production of shoes. He was rewarded for his suggestion. Identify the principle of management followed by Vanguard Inc.’ in the above case:
(A) Esprit De Corps
(B) Subordination of Individual Interest to General Interest
(C) Initiative
(D) Equity
Answer: (C) Initiative
3. Statement-1: Motivation can be either positive or negative
Statement-II: Motivation is a complex process as individuals are heterogeneous in their expectations, perceptions and reactions.
Choose the correct option from the following
(A) Statement-I is true and Statement-II is false.
(B) Statement-II is true and Statement I is false.
(C) Both the Statements are true.
(D) Both the Statements are false.
Answer: (C) Both the Statements are true.
4. Child-Q’ is a garment manufacturing company that makes clothes with unique and stylish designs for children. Naisha was working as the Human Resource Manager with Child-O’. In spite of good pay and many other benefits offered, the company is facing the problem of high turnover of its employees. Naisha tried to find out the reason but could not. She appointed a person with the permission of the Chief Executive Officer to find out the reason. It was found that other organisations were giving more autonomy and authority to their employees which made them feel that their jobs were important.
This way attracting the employees of ‘Child-O’ to other organisations. The incentive which attracted the is: employees of ‘Child-O’ to other organisations
(A) Employee Recognition programs
(B) Employee Participation
(C) Career Advancement Opportunity.
(D) Employee Empowerment
Answer: (D) Employee Empowerment
5. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): Availability of leasing facilities may reduce the funds required to be invested in fixed assets thereby reducing the fixed capital requirements.
Reason (R): When an asset is taken on lease, the firm pays lease rentals to use it and avoids to invest huge sums required to purchase it.
(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A),
(B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A),
(C) Assertion (A) is true but Reason (R) is false.
(D) Assertion (A) is false but Reason (R) is true.
Answer: A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
6. Which of the following is a factor affecting financing
(A) Fixed operating costs
(B) Cash flow position
(C) Control considerations
(D) Diversification
Answer: (D) Diversification
7. Which of the following is the function of Top level management ?
(A) They ensure that their department has the necessary personnel.
(B) They interact with the actual work force and pass on instructions of the middle management to the workers.
(C) They co-operate with other departments for smooth functioning of the organisation.
(D) They analyse the business environment and its implications for the survival of the firm.
Answer: (D) Analyse the business environment and its implications for the survival of the firm.
Business Studies Answer Key 2024 Set- 66/4/3
1. Read the following statements Assertion (A) and Reason (R). Choose the correct option from the given options.
Assertion (A): Amount of Earnings is a major determinant of the decision about dividend.
Reason (R): Dividends are paid out of current and past earnings.
Answer: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is correct explanation of Assertion (A).
2. Choose the incorrect statement with respect to levels of management from the following:
(A) Operational-level management is responsible for implementing and controlling plans and strategies developed by top management.
(B) At middle-level management, managers interpret the policies framed
by top management.
(c) At operational level management with the efforts of supervisors wastage of materials is minimised.
(D) At top-level management, managers are responsible for the welfare and survival of the organization.
Answer: (A) Operational-level management is responsible for implementing and controlling plans and strategies developed by top management.
3. Merely allocating work is not enough. Each individual should also know who he has to take orders from and to whom he is accountable’. The above statement is related to one of the steps of organising process. Identify the step from the following:
(A) Identification and division of work
(B) Departmentalisation
(C) Assignment of duties
(D) Establishing authority and reporting relationship
Answer: (D) Establishing authority and reporting relationship
4. A multinational sweets and snacks company had been into catering business for the last many years. To add to its prospects and to grow in the long run, it wants to increase its sales volume, the number of products and capital investment.
The organizational objective of management it seeks to achieve is:
(A) Survival
(B) Profit
(C) Growth
(D) Corporate Social responsibility
Answer: (C) Growth
6.___________________- is the process by which a manager synchronises the activities of different departments.
(A) Management
(B) Planning
(C) Co-ordination
(D) Directing
Answer: (C) Co-ordination
Class 12 Business Studies Paper Analysis 2024
All the students who appeared for the CBSE Class 12th Business Studies Exam 2024 today i.e., March 26, 2024 reviewed that the Class 12th Business Studies paper ranged from moderate to easy difficulty level. They also said that question papers did not pose many challenges to students. There was no out-of-syllabus question. The deleted syllabus 2024 had also been kept in mind while forming the paper. Almost all the sets of question papers were similar to each other with a shuffle between the numbers among sets.
Experts have said that the question paper was neither too difficult nor too easy. They said that the best part of the paper was the nature of the questions grouped with real-life applications to give it a realistic approach. Experts also said that the question paper format was completely based on the format of the sample paper released by the board.
Students review about the CBSE Class 12th Business Studies 2024 Question paper:
- According to the students, the overall difficulty level of the Business studies exam was moderate.
- Most of the questions had a practical approach, thus indulging students in retaining what they have learned, applying multiple concepts, and putting their theoretical knowledge into practice.
- Students said that the question paper was not too lengthy. 3 hours were sufficient to solve the entire paper.
- MCQs were a mix of easy and tricky ones whereas short answer type questions were average. The descriptive-type questions were moderately hard.
- There was no out-of-syllabus question.
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