Which type of questions come in the board exam 2023 class 12th exam?

A total of 40% of the questions in the final exams will be competency-based, including MCQs, source-based questions, and case-study-based questions. Short- and long-answer questions will constitute 40% of the total questions.

How much do we need to score to pass in CBSE Class 12th exam?

Students need to score 33.5 % to pass in the CBSE 12th exam.

CBSE Class 12 Business Studies Viva Questions with Answers 2023-24

CBSE Class 12 Business Studies Viva Questions with Answers 2023-24 comprises all the essential questions, and the viva voce provides the students with the ability to connect all of the concepts to global events.

CBSE Class 12 Business Studies Viva questions with answers 2023-24 comprise questions from topics like Nature and Significance of Management, Principles of Management, Business Environment, Planning, Organising, Staffing, Directing, and Controlling.

CBSE Class 12 Business Studies 2023-24 viva questions allow students to refer to materials, gather knowledge, evaluate it further to gain pertinent information, and determine their preparation for the CBSE 12 Board Exam, which exposes them to a world beyond textbooks.

Table of Contents

Top 40 Class 12 Business Studies Viva Questions with Answers 2023-24
Best Books for CBSE Class 12 Business Studies 2023-24
CBSE Class 12 Business Studies Viva 2023-24 Evaluation Scheme

Top 40 CBSE Class 12 Business Studies Viva Questions with Answers 2023-24

The Top 40 CBSE Class 12 Business Studies Viva questions with answers 2023-24 provides the students with the ability to connect all of the concepts to global events and the immediate environment, which will help the concepts appear more coherent and relevant.

1. What are primary markets and secondary markets?

The sale of shares by a company directly to shareholders is the primary market. The sale of securities via the stock exchange/broker is a secondary market.

2. What is the meaning of Stock Exchange?

The stock exchange is an institution which helps/facilitates trading in shares/other securities.

3. What are the main functions of a stock exchange?

The stock exchange keeps a close watch on the activities of companies and brokers.

4. What are the complete forms of NSE?

NSE: National Stock Exchange.

5. What are the complete forms of BSE?

BSE: Bombay Stock Exchange.

6. What are the complete forms of SENSEX?

SENSEX: Sensitive Index.

7. What are the complete forms of NIFTY?

NIFTY: National Stock Exchange Fifty Shares Index.

8. What are the complete forms of SEBI?

SEBI: Securities and Exchange Board of India.

9. What are the main functions of SEBI?

Protective, regulatory and developmental functions.

10. What do principles of management mean?

Principles of Management are general guidelines for decision-making by managers.

11. What are the contradictions between Fayol's Principles and Taylor's Principles?

Fayol emphasised the unity of command, whereas Taylor emphasised functional foremanship.

12. Are the principles of Fayol and Taylor complementary?

Yes. Though their approaches are different.

13. What are the 7 essential principles of Fayol?

Division of labour, Authority and responsibility, Stability, Equity, Initiative, Esprit De Corps and Subordination of individual interest to general interest.

14. What is mental revolution?

Complete change of outlook on the part of managers and workers.

15. Define the term Market.

A market is any place where business is transacted.

16. Define the term Marketing Management.

Marketing management refers to planning, organising and controlling activities relating to marketing.

17. What can be marketed?

Any good, service, idea or event can be marketed.

18. How is marketing different from selling?

Marketing is a much broader concept compared to selling. Marketing begins with market research and product planning and ends with customer satisfaction.

19. How is advertising different from publicity?

Advertisement has to be paid for. Others do publicity for the organisation.

20. What is sales promotion?

Short-term incentives are given to consumers to boost sales.

Also, Check: CBSE Class 12 Syllabus 2023-24

21. What is the role of personal selling in marketing?

Personal selling helps clarify the doubts of the customer and attend to him at a time convenient.

22. What is the modern marketing concept?

Societal Marketing Concept. It means taking care of the society while marketing the product.

23. What is the objective of marketing management?

Increasing the volume of sales and brand building.

24. What is meant by market offering?

Market offering refers to a complete offer for a good or service with given features like size, quality, price, etc., at a given location or to a person after analysing his needs.

25. Which factor determining the Capital Structure is the CFO of Vedant Ltd. primarily concerned about?

Interest Coverage Ratio

26. What is the primary strategic focus of the company, considering its "The Complete Man" tagline, top position in the menswear industry, and longstanding collection that has enriched a modern gentleman's wardrobe for decades?

Establishing a unique identity

27. 'Management is the process of getting things done.' State the meaning of the term' process' used in this statement.

'Process' refers to the series of interrelated functions performed by individuals or groups like planning, organising, directing, staffing and controlling.

28. The Activities involved in managing an enterprise are every day to all organisations, whether economic, social or political. Which characteristic of management is highlighted by this statement?

'Management is all pervasive'.

29. What is meant by management?

Management refers to the process of managing people and tasks efficiently and effectively using the proper techniques and methods.

30. In order to be successful, an organisation must change its goals according to the needs of the environment. Which characteristic of management is highlighted in the statement?

'Management is a dynamic function'.

31. To meet the objectives of the firm, the management of Angora Ltd. offers employment to physically challenged persons. Identify the organisational objective it is trying to achieve.

'Social objective'

32. "A collection of diverse individuals with different needs but working towards fulfilling the common organisational goals." This statement highlights which characteristic of management?

Management is a group activity.

33. 'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost-benefit'? Give a reason in support of your answer.

No, to accomplish organisational goals, goals management must focus on both effectiveness and efficiency,ency i.e., completing the task on time, with minimum cost and optimum utilisation of resources.

34. List any two social objectives of management.

The two social objectives are:

Providing equal employment opportunities to physically challenged sections of society.
To contribute to improving the living standards of society by working on the development of regional, rural and backward areas.

35. How does coordination integrate group efforts? State Briefly.

Coordination unites the interests and efforts of different individuals towards the attainment of common objectives of the organisation.

36. How is entry to a profession restricted?

Entry to a profession is restricted as an individual must acquire an educational degree or examination to become a professional.

36. State any two points which prove that management is multidimensional.

Management is multidimensional because:

It manages work and people.
It manages the operations of the organisation.

37. An achievement of which organisational objectives results in "an increase in sales volume, increase in the number of employees, no of products, and increase in capital investment.'

Growth objective of the organisational objective of management.

38. A company's target production is 5000 units in a year; to achieve this target, the manager has to operate in double shifts due to power failure. The manager is able to meet the target but at a higher production cost. Is the manager efficient or effective?

The manager is compelling as he has completed the task on time but inefficient as the task has been completed at a higher production cost.

Also Read: CBSE Class 12th Business Studies Syllabus 2023-24: Download PDF