CBSE Class 11th Business Studies Practice Paper - Part A - p1

Free Business Studies - Class 11th (CBSE) - Practice Paper - p1 - Part A

Welcome to our blog, where you can practice the entire question paper for class 11th Business Studies.

This question paper includes the following chapters:

1. Nature and Purpose of Business
2. Forms of Business Organisations
3. Public, Private and Global Enterprises Business Services
4. Emerging Modes of Business
5. Social Responsibility of Business and Business Ethics

Let's start the question paper to score well in your examinations. It is recommended to set your clock alarm to 3 hours, which is a standard time in the exam hall.

CBSE Class 11th Business Studies Question Paper

General Instructions: -

1. There are 34 questions in the question paper.
2. All questions are compulsory
3. Question nos. 1 to 20 carrying 1 mark each.
4. Question nos. 21-24 are short answer type–I questions carrying 3 marks each.
5. Question nos. 25-30 are short answer type–II questions carrying 4 marks each.
6. Question nos.-31-34 are long answer type questions carrying 6 marks each.

Q1. OLX is an example of C2C commerce. Quikr is another example of C2C Commerce.

(A) Both statements are correct

(B) Both statements are incorrect

(C) First statement is true, second is false

(D) First statement is false, second is true

Q2. Identify the following example:

(A) Statutory Corporation

(B) Public company

(C) Government company

(D) Departmental Undertaking

 

Q3. Public sector organizations may either be partly or wholly owned by the___________ government.

(A) State

(B) Central

(C) Foreign

(D) Central or state

 

Q4. _____________ is the best form of the organization, Where national security is

concerned.

(A) Private Company 

(B) Public Company

(C) Departmental Undertaking 

(D) None of these

 

Q5. Which government enterprise is registered under Indian Companies Act?

(A) Departmental undertaking

(B) Public corporation

(C) Government company

(D) Partnership companies

 

Q6. Assertion (A): The central Government of India has established a department which is considered as an extension of the ministry itself.

Reason(R): LIC is an example of such a department. 

Based on the above Assertion and Reason choose the correct answer from the options given below.

(A) Both Assertion and Reason are correct, and the Reason is a correct explanation of the Assertion.

(B) Both Assertion and Reason are correct, but Reason is not a correct explanation of the Assertion.

(C) The Assertion is correct, but Reason is incorrect.

(D)Both the Assertion and Reason are incorrect.

 

Q7. Ramesh is presenting himself as a partner of ABC Associates through his conduct or behavior. 

Clients dealing with the firm accept him as a partner due to his self-acclaimed attitude of being a partner of the firm. 

Which type of partner Mr. Ramesh is referred to in the above case?

(A) Active Prater

(B) Sleeping Partner

(C) Secret Partner

(D) Partner by Estoppel

 

Q8. Amar, Biraj, Sachin, Rohit and Ishant have decided to start a partnership to complete a specific project within 02 years. 

It has been unanimously decided among them to contribute equally towards meeting the budgeted expenditure of the project and to share profits or losses equally. 

As per the agreement, partnership business will come to an end on completion of the project. Which type of partnership referred in the above case?

(A) Partnership at will

(B) Particular Partnership

(C) General Partnership

(D) Limited Liability Partnership

 

Q9. A bank, which occupies a central position in the monetary and banking system of the country and has a superior financial authority, is called?

(A) Central Bank

(B) Co-operative Bank

(C) Commercial Bank

(D) Exchange Bank

 

Q10. Assertion (A): The subject matter of life insurance is human life.

Reason(R): Marine insurance has the element of protection only. 

Based on the above Assertion and Reason choose the correct answer from the options given below.

(A) Both Assertion and Reason are correct, and the Reason is a correct explanation of the Assertion.

(B) Both Assertion and Reason are correct, but Reason is not a correct explanation of the Assertion.

(C) The Assertion is correct, but Reason is incorrect.

(D) Both the Assertion and Reason are incorrect.

Q11. Ais a KVS employee and posted in Gujarat, 1600kms away from his hometown. His friend needs Rs. 20,000 and requested Ais for the amount. Ais sends the amount by digital mode. It is….

(A) RTGS

(B) NEFT

(C) Both a and b

(D) None of the above

 

Q12. UPI stands for-

(A) Unique Payment Introduction

(B) Union Payment Interface

(C) Upper Payment Interface

(D) Unified Payment Interface

 

Q13. Under which policy, policy money is payable after the assured attains a certain age in monthly, quarterly, half yearly or annual installments-

(A) Whole Life Policy

(B) 10 Years Policy

(C) Fire Policy

(D) Annuity Policy

 

Q14. The industries which provide support services to other industries are known as

(A) Primary industries

(B) Secondary industries

(C) Commercial industries

(D) Tertiary industries

 

Q15. Rehat is a NGO operated in the district of Rajkot since 2010. It deals with providing medicines and other medical facilities to the rural, backward and below poverty line people in the district. In case of need, arrangements are made by the NGO to shift critical patients to referred hospitals. Name the type of human activities performed by the NGO.

(A) Economic Activities

(B) Non-Economic Activities

(C) Wasteful Activities

(D) None of the above

 

Q16. Afsana is a practicing Chartered Accountant. She has her C.A. Firm at Hyderabad, Telangana. She deals in providing Income Tax and GST related services to her clients with very reasonable consultancy fees.

Identify the types of economic activities performed by Ruchi as referred in the above case.

(A)   Business

(B)   Profession

(C) Employment

(D) None of the above

 

Q17. Cyclones caused lots of damage to the street vendors and retail stores in the state. Rahim, owner of a Grocery Shop, suffered a lot because of cyclonic effects. The government declared a relief package to the affected people of the affected areas.

Identify the type of risk caused to the Shopkeepers highlighted in the above case.

(A) Natural Cause

(B) Human Cause

(C) Economic Cause

(D) None of the above

 

Q18. Business risk is not likely to arise due to:

(A) Change in govt, policy

(B) Good management

(C) Employee dishonesty

(D) Power failure.

 

Q19. Name the two broad categories of business activities.

(A) Trade and commerce

(B) Trade and Industry

(C) Industry and commerce

(D) none of these

 

Q20. Identify an auxiliary to trade from the image?

(A) Mining

(B) Extractive industries

(C) Warehousing

(D) Transport

 

Q21. It is the Oldest and most traditional form of organizing public enterprises. The Government functions through these departments. 

Explain the merits and limitations of this public sector unit.

Q22. At the refinery, a chemist named Alex meticulously separated crude oil into its usable components. 

Miles away, a technician named Maya was combining various powders to create a new batch of cement. 

Meanwhile, a line manager named Paul oversaw the many stages of converting raw sugarcane into refined sugar. 

Finally, a skilled engineer named Amelia carefully brought together engines and chassis to build a new car on the factory floor.

Identify any three types of industries and explain them.

 

Q23. Explain the limitations of “Sole Proprietorship” form of business.

 

Q24. Explain any three principles of Insurance.

                     OR

Explain Marine Insurance.

 

Q25. Automakers Inc. use a private company network to collaborate. The Design Department uploads new car designs to the intranet, which the Manufacturing Department then accesses.

The Inventory Department tracks car parts on the system, and the Manufacturing Department sends electronic requests for more parts when needed.

The HR department manages employee information and schedules, while the Sales and Marketing departments use the system to track sales data and plan strategies. 

This interconnected system allows for efficient and collaborative business operations.

Identify and explain the scope of E- Business based on the case study. Also, explain any other scope.

OR

Rekha, visiting Delhi, was surprised when her friend Rita suggested they go shopping "well past midnight." Confused, Rekha questioned who would be open. Rita clarified they would be shopping online, over the internet. Though she had heard of it, Rekha had never tried it and was full of questions about how it worked, what was for sale, and how payment and delivery were handled.

Rita demonstrated by logging into a major online shopping site, showing Rekha how to browse, add items to a cart, and check out. Rekha was amazed by the convenience and the vast possibilities, from clothes to groceries, all delivered to her doorstep. Eager to explore, they decided to start by ordering some books. Rekha felt a sense of empowerment new world opened to her.

 Which concept of business does this case reflect? State Three of its benefits.

 

Q26. Kundli Manesar Expressway Ltd., In this 135 km expressway, land has been provided by the government and surface has been laid out by the company.

Identify and explain the type of business organization.

 

Q27. Explain the following type of Digital Payment Types

(A)    UPI

(B)    Digital Wallets

(C)  PoS

(D)  Internet Banking

 

Q28. Sarah’s new bakery faced an unexpected challenge when a major road construction project began right outside her shop. 

The constant noise and traffic diversion led to a dramatic drop in customers. Her once-bustling shop now sat empty for hours. 

She had invested her life savings, expecting steady profits, but was now facing the very real possibility of a loss. 

Sarah had to innovate quickly, introducing a new delivery service to mitigate the uncertainty and keep her dream from crumbling.

Explain the “Nature” of the concept described in the case.

 

Q29. Explain the following postal services:-

(a) Speed Post

(b) Courier

(c)  Parcel

(d)  Registered Post

 

Q30. State any four advantages of Joint Stock Company.

 

Q31. Identify the form of business from the lines “a voluntary association of persons, who join together with the motive of welfare of the members.” Explain all its features.

                          OR

Explain the concept of Business Ethics.

 

Q32. A contract in which the insurer in consideration of a certain premium, either in a lump sum or by other periodical payments, agrees to pay to the assured, or to the person for whose benefit the policy is taken, the assured sum of money, on the happening of a specified event contingent on the human life or at the expiry of certain period.

Identify the type of insurance and explain its types.

 

Q33. Sunil ran a bustling cafe, earning money by selling goods and services to the community. Across the street, Dr. Anjali, with a certificate of practice earned by providing personalized care for her patients. Meanwhile, their friend Rohan, who worked as a software engineer, received a steady amount from his employer.

Differentiate on any 6 bases amongst the three types of economic activities.

 

Q34. An enterprise that has a huge industrial organization which extends their industrial and marketing operations through a network of their branches in several countries. 

Identify the type of organization and describe any five of its features.

The End

CBSE Class 12th Business Studies Worksheets - W6a

Free Business Studies - Class 12th (CBSE) - Worksheet - W6a

Welcome to our new worksheet, where you will find CBSE Class 12 Business Studies revision.

You can explore these quick notes, solved MCQs, and case studies that will sharpen concepts and boost scores.

Sections to Learn

• Multiple Choice Questions
• Case Studies

What You Will Learn Here?

• Key concepts and terminology of Staffing in CBSE Business Studies (Class 12th)
• Exam-oriented answers to Class 12th Board-style MCQs
• Practical links between recruitment, selection, training, and real workplaces
• Rapid-revision pointers to maximise marks in the CBSE Class 12 exams

Class 12th MCQs for Revision

Q1. Mr. Mukesh introduced Mr Jack, a new employee, to the old employees and to their jobs. Identify the method/process being followed there.

1. Orientation
2. Internship
3. Vestibule
4. Apprenticeship

Q2. The objective of ……… is to create a pool of prospective candidates, from which the best candidate can be selected.

1. Selection
2. Placement
3. Training
4. Recruitment

Q3. Which of the following statements is not true?

1. Staffing is a never-ending process.
2. Effective staffing ensures the success of the organisation.
3. HRM is both a line and staff activity.
4. Recruitment and staffing are one and the same thing.

Q4. Mr. Naman talks to existing employees for information about candidates in their knowledge who can be recruited into the organisation. Which method of recruitment is highlighted here?

1. Recommendations from present employees
2. Campus recruitment
3. Casual callers
4. Labour contractors

Q5. TCS Ltd. does mass recruitment every year from different engineering colleges, offering a fresher-level job to the final year students. Identify the source of recruitment adopted here.

1. Placement agencies
2. Casual callers
3. Web publishing
4. Campus recruitment

Q6. ................. refers to the process by which the skills and abilities of employees to perform specific jobs are increased.

1. Training
2. Selection
3. Development
4. Both (a) and (c)

Q7. In ……… , existing staff are used to fill the vacant job in the organisation.

1. Promotion
2. Transfer
3. Both (a) and (b)
4. None of these

Q8. Which of the following is not a factor that puts limitations on the use of internal sources of recruitment?

1. Low productivity
2. No induction training
3. Lethargic employees
4. None of these

Q9. A psychological test used to measure the level of IQ of an individual and their ability to make decisions and make judgments is known as

1. Trade test
2. Interest test
3. Intelligence test
4. Aptitude test

Q10. Recruitment of employees from external sources increases dissatisfaction among the present employees as their chances of ............... are reduced.

1. Promotion
2. Voluntary retirement
3. Salary increment
4. None of these

Q11. Training is provided to employees on the actual machines, but away from the actual work floor, which is known as vestibule training. It is provided that the employees are supposed to work on

1. Sophisticated machinery
2. Clients
3. Outdated technology
4. None of these

Q12. For selecting employees for the post of ‘sales executives’ for its retail outlets, Reliance Fresh conducted a recruitment programme at Rajasthan University. Considering the vast number of job seekers, group discussions were conducted, and the candidates who were selected had to face interviews, and then they were offered a job if they passed such interviews. Such programmes are often known as

1. Advertisement
2. Campus recruitment
3. Campus selection
4. Direct recruitment

Q13. For recruiting employees, M/s X Ltd placed a TV commercial on a leading channel. This is an example of recruitment through

1. Advertisement on electronic media
2. Advertisement in print media
3. Advertisement on the web
4. None of the above

Q14. In light of these statements, choose the most appropriate option:

1. (A) is incorrect, but (R) is correct.
2. (A) is correct, but (R) is incorrect.
3. Both (A) and (R) are correct, and (R) is the correct explanation of (A)
4. Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

• Assertion (A): Transfer means the shifting of an employee from one job to another or from one department to another.
• Reason (R): Transfer is a lengthy process.

Q15. Under which of the following methods of recruitment is a notice placed on the notice board of the enterprise specifying details of the jobs available?

1. Casual callers
2. Advertisement
3. Direct recruitment
4. Web publishing

Class 12th Case Study-Based Questions

Q16. Jap Ltd. is a highly reputable company, and many people want to join this company. The employees of this organisation are very happy, and they discussed how they entered this organisation. Aman said that he was introduced by the present Sales manager, Ms. Kamalpreet. Benu said that he had applied through the newspaper and was appointed as HR Manager. Vaibhav said that he was neither related to any of the employees of the organisation nor was there any advertisement in the newspaper; even then, he was directly called from IIM Ahmedabad, from where he was about to complete his MBA.

(a) The above discussion indicates an important function of management. Name the function of management.

(b) The management function identified in part (a) follows a particular process. Explain the step of this process that is being discussed in the above paragraph.

Q17. “Our assets walk out of the door each evening; we have to make sure that they come back the next morning.” This statement relates to which function of management? Explain the importance of this function.

Q18. Some learning opportunities are designed and delivered to improve the skills and abilities of employees, whereas others are designed to help in the growth of individuals in all respects. Identify two concepts explained above and differentiate between them.

Q19. The workers of a factory remain idle because of a lack of knowledge of high-tech machines. Frequent visit of the engineer is made, which causes high overhead charges. How can this problem be removed?

Q20. An organisation provides security services. It requires such candidates who are reliable and don’t leak the secrets of their clients. What steps should be incorporated in the selection process? State the next two steps of the selection process.

Q21. Harshita runs an NGO under the name ‘Serve Karma’ in Delhi. The organisation is engaged in offering waste paper recycling services to all kinds of institutions in Delhi. It also made paper stationery out of recycled paper at a very competitive price. The website of Serve Karma provides a link to career sites, wherein people desirous of joining the NGO can use a simple job search to find the right opportunity for themselves. The NGO also keeps a database of applications of job seekers, so that they can be called whenever the need arises.

In the context of the above case, identify the two sources of external recruitment being used by “Serve Karma” by quoting the lines from the paragraph.

Q22. Raghav runs a law firm in Delhi. His firm offers valuable financial and legal consultancy services to the clients. Whenever the firm hires any new employee, on the first day of their joining, they are welcomed to the organisation and are given details about hours of work, leave rules, dress codes, lunch arrangements, introduced to the daily operations and key people in the workplace, etc. They are also familiarised with the organisation’s policies and procedures, including complaints and disputes, resolutions, etc.

In the context of the above case name, the type of training is being referred to in the above case.

Q23. When Taran Singh applied for the post of Computer teacher in a school in Patiala, he was asked to prepare a PowerPoint presentation on a particular topic during the selection procedure. Identify and explain the type of selection test being mentioned in the above lines.

Q24. When the Principal of Little Angels Public School was on the verge of retirement, the management of the school contacted a specialised business firm to fill the vacancy. Identify and explain the source of recruitment being used by the management.

Q25. Harman has always been fascinated by the hand-woven textile designs. Therefore, he decided to become a weaver. He was told that to understand and team this workmanship, he would have to work under the guidance of a master worker for a certain number of years. Identify and explain the type of training being described in the given lines.

The End

CBSE Class 12th Business Studies Notes - N6

Free Business Studies - Class 12th (CBSE) - Notes - N6 - Staffing

Welcome to our new blog.

This is a platform where you will find revision notes for your CBSE Class 12th for Business Studies.

On this page, you can read the quick revision notes for Chapter 6 (Staffing) to score better in your exams.

Learn The Topics

1. Staffing
2. Recruitment
3. Selection
4. Training and Development

A Learning for You

• Core definition and importance of staffing in management.
• Eight-step staffing process: from manpower planning to compensation.
• Distinction between internal vs. external recruitment sources.
• Detailed selection procedure and key employment tests.
• Training vs. development concepts with on-the-job and off-the-job methods.
• Clear comparisons: recruitment vs selection, internal vs external recruitment, training vs development.

Let's start the revision notes.

Revision Notes for Class 12th Business Studies

Definition of Staffing

• Staffing consists of manpower planning, recruitment, selection, training, compensation, promotion, and maintenance of managerial personnel.
• It is the managerial function of filling and keeping filled positions in the organisation's structure. 
• The staffing function of management recognises the importance of every single person employed by an organisation.

Importance of Staffing

• Filling the roles by obtaining competent personnel
• Placing the right person in the right job
• Growth of enterprise
• Optimum utilisation of human resources
• Improves job satisfaction and morale of employees

Staffing Process

1. Estimating the manpower requirements:
• Workload Analysis: It involves determining the number of types of human resources required to perform various jobs and to accomplish organisational objectives.
• Workforce Analysis: It estimates the number of types of human resources or employees available so that it may be known whether the organisation is understaffed, overstaffed, or optimally staffed.
2. Recruitment
3. Selection
4. Placement and Orientation
5. Training and development
6. Performance Appraisal
7. Promotion and Career planning
8. Compensation

The staffing content ends here. Now, let's focus on the recruitment part.

Definition of Recruitment

• Recruitment is defined as the process of searching for prospective employees and stimulating them to apply for jobs in an organisation.
• Recruitment brings together the job giver (employer) and the job seekers (applicants).
• Recruitment can be done either from inside or from outside the organisation.

Sources of Recruitment

There are two sources of recruitment:

1. Internal Sources
2. External Sources

Let's discuss both of them below:

Internal Sources: This includes the vacant job positions that are filled by promoting the existing employees of the organisation.

• Transfer means the shifting of an employee from one job to another or from one department to another or from one branch to another, without any change in the responsibilities, salary, and status of the employee. 
• It is the horizontal shifting of an employee. 
• Shortage of suitable employees in one department or branch may be fulfilled through transfer from an over-staffed department or branch.
• Promotion refers to shifting an employee from a lower job position to a higher job position. 
• It includes higher status, responsibilities, facilities, and pay. It is a vertical shift of an employee. 
• It helps in improving the motivation, loyalty, and satisfaction level of employees. 
• It has a psychological impact on employees because a promotion to a higher level may lead to a chain of promotions at lower levels in an organisation.

External Sources: When the candidates from outside the organisation are invited to fill the vacant job position. Below are its types:

• Direct recruitment
• Casual callers
• Advertisement (Newspapers)
• Employment Exchange
• Placement agencies and management consultants
• Campus recruitment
• Recommendations of employees
• Labour contractors
• Advertising on television
• Web publishing

The recruitment revision notes end here. Now, let's concentrate on the selection part.

Definition of Selection

• Selection can be defined as discovering the most promising and suitable candidate to fill the vacant job position in the organisation.
• It is called a negative process because the number of candidates rejected is much greater than the number selected.

Process of Selection

1. Preliminary screening
2. Selection tests
• Intelligence test
• Aptitude test
• Personality test
• Trade test
• Interest test
3. Employment interview
4. Reference and background checks
5. Selection decision
6. Medical examination
7. Job offer
8. Contract of employment

The selection revision notes end here. Now, let's concentrate on the training and development part.

Definition of Training & Development

• Training means equipping the employees with the required skills to perform the job.
• Development refers to the overall growth of the employee. It focuses on personal growth and the successful employees’ development.

Different Types of Training Methods

1. On the Job Methods
• Apprenticeship programmes
• Internship training
• Induction or Orientation Training
2. Off the Job Methods  
• Vestibule training

Difference between Internal and External Source of Recruitment

S. No.	Point of difference	Internal recruitment	External recruitment
1.	Meaning	Internal recruitment means making use of existing staff to fill up the vacant job positions in the organisation.	External recruitment means making use of new personnel or outsiders to fill up the vacant job positions in the organisation.
2.	Time	It is less time-consuming.	It is more time-consuming.
3.	Economy	This process is more economical as it does not involve any cost of searching external sources.	This process is costly as vacancies have to be notified in newspapers, magazines, etc.
4.	Quality	There is a limited choice so better quality may not be assumed.	It provides a wider choice and the best quality is assumed.
5.	Morale of the employees	This method boosts up the morale of the employees because existing staff gets chance of promotion.	This method brings down the morale of the employees as they do not get chance of growth and development.

Difference between Recruitment & Selection

S.No.	Point of difference or basis	Recruitment	Selection
1.	Meaning	It is a process of searching suitable candidates to fill up vacant job positions.	It is a process of screening and selecting the most eligible candidates and offering them jobs.
2.	Stage	Recruitment precedes the staffing function.	Staffing always starts where recruitment ends.
3.	Nature	It is a positive process as more and more candidates are induced to apply for the job.	It is a negative process and more candidates are rejected than the number of selected candidates.
4.	Contract of service	There is no contractual relation created.	Selection involves a contract of service between employer and employee.

Difference between Training & Development

S.No.	Point of difference	Training	Development
1.	Concept / depth of knowledge	Training is concerned with teaching technical skill only.	Development is concerned with teaching technical, human and conceptual skill.
2.	Suitability	Training is more suitable for technical staff.	Development is more suitable for managerial staff.
3.	Nature	Training concentrates on developing the skill already possessed by the employees.	Development concentrates on development of hidden qualities of the employees.
4.	Methods used	In training, on-the-job methods are preferred.	In development, off-the-job methods are preferred.
5.	Focus / purpose	Training focuses on present requirements of the organisation.	Development focuses on present as well as future requirements of the organisation.
6.	Time	It is a short-term process.	It is a long-term process.
7.	Initiative	The boss or superior takes initiatives for imparting training to subordinates.	The individual takes initiatives himself for his growth and development.
8.	Duration	Training is short-term; its duration is fixed and certain.	Development is a never-ending procedure; its duration is never defined.
9.	Levels of trainees involved	Useful for non-managerial (operative) employees or lower-level managers.	Useful for managerial personnel, i.e., middle- and top-level managers.
10.	Centered	It is work-centered.	It is person-centered.

The End

CBSE Class 11th Accountancy Worksheet - w8b

Free Accountancy - Class 11th (CBSE) - Worksheet - w8b - Journal

Welcome back to Business Profits and Lab, where you will find endless possibilities to secure high marks in your 11th-class Accountancy (CBSE) exams.

You can practice how to pass a journal entry for the following scenarios:

• Pinpointing which accounts are affected in a transaction.
• Deciding how to debit or credit each account using the modern rules of accounting.
• Handling trade discounts, cash discounts, and rebates in transactions.
• Posting entries that involve advanced income, capital introduction, and owner’s drawings.
• Accounting for bad debts, partial recoveries from insolvent debtors, and subsequent bad-debt recoveries.
• Distinguishing between revenue and capital expenditure (e.g., installation cost vs. routine repair).
• Passing adjustment entries for accrued expenses, such as outstanding salaries.
• Making compound journal entries whenever a single transaction affects more than two accounts.

Let's begin the worksheet:

CBSE Worksheet for Class 11th CBSE - Journal

Q1. Pass the Journal Entries: -

• April 10 – Kamal Started Business with Cash Rs. 5,00,000
• April 11 - Purchased stationary for Cash Rs. 10,000
• April 12- Opened Bank Account with cheque from Savings Account Rs. 50,000
• April 13 – Paid for Repairs of Office Rs. 8,999
• April 13 – Cash Deposited into Bank Rs. 9,451
• April 14 – Received order from Dheeraj of Rs. 1,00,000 along with Advance.
• April 15 - Sold Goods to Shilpa of List price Rs. 50,000 Less 10% Trade Discount.
• April 15 – Sold Goods to Shruti for cash, of List price Rs. 50,000 and cash discount of 10%.
• April 16 – Allowed Rebate to Shilpa for accepting damaged goods Rs. 2,000.
• April 17 – Received Commission of Rs. 1,00,000 by Cheque, Half of which is in advance.

Q2. Pass the Journal Entries: -

• July 10 – Rs. 5,00,000 due from Shaurya is Not Recoverable.
• July 11 – Anas is declared Insolvent. Received 60% of Rs. 10,000.
• July 12- Received cash for the bad debt written off last year Rs. 50,000
• July 13 – Chetan a debtor for Rs. 10,000 became insolvent. Received 60 Paise in a rupee as a final dividend from his receiver. Payment was received partly in form of machinery Rs, 3000 and Balance in Cash.
• July 13 – Paid Life Insurance Premium of owner by bank of Rs. 9,000
• July 14 – Amount of Rs. 7,000 transferred to Fixed Deposit Account
• July 15 – Sold Household Furniture for Rs. 5,000 and proceeds invested into business.
• July 15 – Purchased Machinery for Rs. 10,000 and paid Installation charges of Rupees 1,000
• July 16 – Salaries Payable to Staff Rs. 25,000
• July 17 – Goods costing Rs. 10,000 given as samples.

The End

CBSE Class 12th Business Studies Worksheets - W4b

Free Business Studies - Class 12th (CBSE) - Worksheet - W4b - Planning

Welcome to our platform.

We are back with another worksheet for you to sharpen your minds.

The formula is simple: perform these worksheets to score well in the board exams.

We have plenty of these worksheets developed by the expert teachers after brainstorming them with the proper teams.

What You Will Learn in This Blog

• Core planning concepts: Learn objectives, strategies, policies, and procedures through our worksheets.

• Step-by-step application: See how companies identify goals, gather information, choose alternatives, and monitor results. However, how planning has limitations also.

How It Helps Class 12 CBSE Students

• Exam-ready clarity: Case-based questions on the same CBSE patterns that often appear in board exams.

• Concept reinforcement: Linking class 12th Business Studies (CBSE) textbook ideas to everyday business examples for better memory retention.

• Confidence booster: Working through practical situations builds analytical skills, helping you write high-scoring answers.

Case Study Questions of Business Studies (CBSE)

Q1. Mega Ltd. holds an Annual Management Programme every year in the month of March in which the top management will formulate plans for the next year by analysing and predicting the future to meet future events effectively. As they are responsible for providing direction to the organisation, their plans are thoroughly checked using scientific calculations. Detailed plans are prepared after a discussion with professional experts. A preliminary investigation was also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgment, it is mainly done by the top management. Usually, the rest of the members just implement the plans. Middle-level managers are neither allowed to deviate from the plan nor are they permitted to act on their own. The top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them. State any two limitations and any two features of planning discussed above.

Q2. Saurabh decided to start a chocolate manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of his business, which was uncertain. He gathered information that his demand for chocolates is increasing day by day. He used this information as the base for future planning and shared it with his team. Based on the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives. List the first two steps that have been followed by Saurabh that are related to the process of one of the functions of management.

Q3. Ferro Ltd., which manufactures scooters, is facing a lot of problems with declining market share due to increased competition from the new and existing players in the market. Its competitors are introducing low-priced models for price-sensitive customers and scooters with added features and technological advantages for quality customers. Which type of plan should be formulated by Ferro Ltd.?

Q4. Mr. Vinod, chairman of Vinod Construction Co., is involved in constructing residential flats in Ludhiana. Recently, he has been given the contract to construct 500 flats for which payment will be received in instalments from customers. He conducts a meeting with his architects, interior decorators, staff, and labour contractors like Maaser Electrician, Plumber, etc. He gives the target of constructing 500 flats in a year. After looking at his architects, he decides to construct a resistance building. Different departments were created for different types of work, and work was divided in such a way that it helps in avoiding confusion and misunderstanding. During the summer season, relief labour moves back from cities to their native place/villages. Due to several reasons, provision of this should also be taken care of. Sometimes, as per the situation, managers must choose among various alternative courses of action. The managers are given the target of completing at least 10% of the work every month, and the actual work done will be compared with the target, and necessary action will be taken if deviations are found. By quoting lines from the given paragraph, link it to the various importance of planning as a function of management.

Q5. Amit started a business of manufacturing bed sheets and curtains. Although he is good at planning, the performance of his business is not always good, nor is it always well. He analysed his problems and noticed some facts about his business. Once the plan is made, managers follow it blindly. Employees are only carrying out orders and not showing any initiative. Sanjay, his manager, tends to rely on previously tried and tested successful plans. Identify the limitations of planning, which are referred to here by quoting the lines from the given paragraph.

Q6. Apna Ghar, a company dealing in consumer durables, plans to increase the sale of its products by 25% around Diwali this year. Moreover, to cash in on the implementation of the seventh pay commission by that time, which is likely to raise the income of 47 lakh serving employees of the Central government and 52 lakh pensioners, the company has created 30 advertisement films which will be aired across 85 national and regional channels until Diwali. Identify the two different types of plans that 'Apna Ghar' proposes to implement by quoting lines from the paragraph.

Q7. Procter and Gamble Ltd. is offering a free bucket with every purchase of Tide washing powder. In response to this, Hindustan Unilever Ltd. started a new scheme of giving free one kg of Rin washing powder with every purchase of five kg of Rin washing powder. Identify the plan stated in the above paragraph and explain it.

The End

Do you want to solve more of these class 12th Business Studies (CBSE) question papers? Follow the below list:

• Test Series of Five-Question Papers on Planning
• Worksheet of Planning (New)

Share these MCQs links with anyone who might find them useful. Spread the knowledge with everyone!