Tuesday, July 29, 2025

CBSE Class 12th Business Studies Revision Notes - N3

Free Business Studies - Class 12th (CBSE) - Revision Notes - N3 - Business Environment

Welcome to a professional platform that provides you with the revision notes of class 12th (CBSE) for Chapter 3: Business Environment.

Benefits of our Quick Revision Notes Before Board Exams

  • Boosts recall of key terms and definitions during the exam.
  • Links concepts together (e.g., PESTL dimensions and features of business environment), making it easier to tackle application-based questions.
  • Keeps your focus on high-weight chapters.
  • Builds confidence and cuts exam-day stress.

Let's begin the worksheet.

Class 12th (CBSE) - Business Studies - Revision Notes

Characteristics/Features:

  • Totality of external forces
  • Specific and general forces
  • Inter-relatedness
  • Dynamic nature
  • Uncertain
  • Complexity
  • Relativity

Dimensions (PESTL):

  • Political Environment
  • Economic Environment
  • Social Environment
  • Technological Environment
  • Legal Environment

Importance:

  • Identify opportunities and give first mover advantage
  • Identify threats and give early warning signals
  • Taps useful resources
  • Copes up with rapid changes
  • Assists in planning and policy formulation
  • Improves performance
  • Demonetisation

Features:

  • Tax administration measure
  • Non-acceptance of tax evasion
  • Channelisation of savings into formal financial system
  • Create a cash-lite economy

Impact of Demonetisation

  1. Money/Interest rates:
    • Decline in cash transactions
    • Bank deposits increased
    • Increase in financial savings
  2. Private wealth: 
    • Declined since some high demonetised notes were not returned and real estate prices fell
  3. Public sector wealth:
    • No effect
  4. Digitisation:
    • Digital transactions amongst new users (RuPay/AEPS) increased
  5. Real estate:
    • Prices declined
  6. Tax collection:
    • Rise in income tax collection because of increased disclosure

The End

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Monday, July 28, 2025

CBSE Class 11th Accountancy Worksheets - w8a

 Free Accountancy - Class 11th (CBSE) - Worksheet - w8a - Journal

Gone are those days when you needed to download Class 11th worksheets for the Accountancy subject.
But what is the reason here?
We are providing the free worksheets where there is no need to download any PDF or Word file; just scroll through our page.

On this page, you can master every journal through the MCQs and practical problems like:

  • Cash purchases
  • Credit purchases
  • Purchase return
  • Cash sales
  • Credit sales
  • Sales return
  • Discount allowed and discount received
  • Trade discount
  • Opening journal entry
  • Depreciation
  • Outstanding expenses
  • Prepaid expenses
  • Interest on drawings
  • Interest on capital

Let's start the worksheet.

Class 11th - Accountancy (CBSE) MCQs  

Q1. When the number of accounts to be debited or credited is more than one, entry made for recording the transaction is called _______ Journal Entry.

  1. Single
  2. Compound
  3. Normal
  4. Complex

Q2. Journal is a book of :

  1. Original Entry 
  2. Final Entry 
  3. Cash entry 
  4. Single Entry

Q3. Computer Purchased for office is debited to:

  1. Office expenses Account
  2. Office Equipment Account
  3. Purchases Account
  4. Stock Account

Q4. Rent paid to Landlord should be debited to:

  1. Rent Account
  2. Drawing Account
  3. Landlord Account
  4. Income Account

Q5. Pass journal entries for the following transactions:


Q6. Journalise the following entries:


Q7. You are required to journalise the following transactions:

  • Balances in the books of Rahul, a computer dealer on 1st April, 2017.
  • Cash ₹500; Bank Overdraft ₹1,000; Debtors ₹7,000; Building ₹6,500.
  • Computers ₹3,500. 
  • On the same day, he sold a computer, the book value of which was ₹2,000 for ₹1,950.

Q8. Pass Journal Entries for the following:
  • Received ₹50,000 from Yogesh, which were written off as bad debts in the previous year. 
  • Salaries due to clerks ₹2,40,000. 
  • Out of the rent paid this year, ₹30,000 is related to next year. 
  • Provide 10% depreciation on furniture costing ₹80,000. 
  • Provide 6% interest on capital amounting to ₹10,00,000. 
  • Charge interest on drawings ₹5,000.

The End

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Sunday, July 27, 2025

CBSE Class 11th Business Studies Worksheets - w4a

Free Business Studies - Class 11th (CBSE) - Worksheet - w4a - Business Service

Are you looking for a free CBSE Business Studies worksheet?

Do you want to score higher in your Class 11th exams?

Well, you have reached the right place to fulfill your demands.

Our expert teachers have built this structured CBSE Business Studies worksheet to cover the following:

  • Principle of Indemnity
  • Principle of Subrogation
  • Principle of Utmost Good Faith
  • Principle of Mitigation
  • Principle of Contribution
  • Principle of Insurable Interest
  • Principle of Proxima Cause

Let's solve them and increase our knowledge level.

Topic : Principles of Insurance


Q1. Assertion (A): According to the principle of subrogation, the insured should not be allowed to make any profit by selling damaged property or in the case of lost property being recovered.


Reason(R): The Principle of Subrogation is a corollary to the Principle of Indemnity, and the damaged goods will belong to the insurance company once the compensation is paid. It also states that insurance is not a contract for making a profit.


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

  1. Both Assertion and Reason are correct, and the Reason is a correct explanation of the Assertion.
  2. Both Assertion and Reason are correct, but Reason is not a correct explanation of the Assertion.
  3. The Assertion is correct, but the Reason is incorrect.
  4. Both the Assertion and the Reason are incorrect.

Q2. Priyanshi is running a departmental store. The store was insured against natural disasters like flood, earthquake, and fire from Hindustan General Insurance Company for Rs 50 lacs.


Heavy rain in the city caused a massive flood. This left the store without any security. The store was looted by people, which was caught on CCTV. 


She claimed from the insurance company the amount of damage of 13 lacs for the material and furniture spoiled from the flood, and also Rs 5 lacs for the loss of material by theft. 


She also claimed another Rs 25 lacs for now, converting the store into a fully AC store with an additional floor for more storage space. Insurance, after assessing the damage to the property and stock due to flood and seeing the CCTV footage, accepted the claim of Rs 13 lacs.


She argued that as she has been paying a premium of Rs 50 lacs, she should be paid the full claim of Rs 43 lacs. What is the fundamental principle of insurance? (3 marks)


Q3. Chatan gets his oil-godown doubly insured against fire for Rs 5,00,000 with insurer 'Easy General Insurance' and for Rs 15,00,000 with insurer 'Risk Free Insurance Ltd'.


Due to a short circuit, an unforeseen loss by fire of oil stock worth Rs 6 Lakh occurred on 11th September.


How much compensation can be claimed from each of the insurers? Explain in detail. (3 Marks)


Q4. Mr. Rajiv took an Insurance Policy against his car, and after three months, he sold it to Mr. Kamal. The car was stolen from outside Mr. Kamal's house. 


Mr. Rajiv claimed the Insurance company, but the claim was rejected on the grounds that Mr. Rajiv was no longer the owner of the car.


Which principle of insurance is violated, and explain? (3 Marks)


Q5. A company insures its stock against fire for Rs. 15 Lakh. A fire broke out and the total stock was lost. At the time of the fire, there was stock worth Rs. 25 Lakh. 


What is the value of compensation that the company would be entitled to? Justify your answer. (3 Marks)


Q6. Naresh took a fire insurance policy from NICL of Rupees 50 Lakh for his factory at an annual premium of Rupees 75,000. 


To avoid paying more than his amount, he did not disclose that highly explosive chemicals were being manufactured in his factory. Due to a fire, his factory gets damaged. 


The insurance company NICL refused to make the payment for the claim as it became aware of the highly explosive chemicals. Is Naresh entitled to claim? (3 Marks)


Q7. Without disclosing that he is suffering from TB, Mr. A gets himself insured against death for rupees 10 lakhs. He lives for another three to four years and dies due to TB. 


The insurance company came to know about Mr. A’s illness only after his death. 


Now, under these circumstances, the insurance company is not liable to pay anything to the dependents of Mr. A, as the contract between the insurance company and Mr. A is void. 


Identify the principle of insurance to which the above example relates and explain it. (3 Marks)


Q8. If any person gets his property insured by three insurance companies, then at the time of the occurrence of a loss, all three companies will compensate for the loss faced, but in a proportionate manner.


Not every company will pay the full compensation individually. Moreover, the total amount paid by the insurance company will not, under any circumstances, exceed the actual loss incurred. 


Name the principle of insurance to which the above statement is related. Explain it. (3 Marks)


Q9. A plant manager gets his stock of goods insured, but he hides the fact that the electricity board has issued him a statutory warning letter to get his factory wiring changed. 


Later, the factory catches fire due to a short circuit. Which principle is violated in the case? Elaborate. (3 Marks)


Q10. Ankit's warehouse was covered by a Fire Insurance Policy of ₹ 10,00,000. Two years back, his warehouse caught fire. 


Ankit immediately called up the nearest fire station and started removing the goods from the warehouse to save them from fire. 


He took all reasonable steps to minimise the loss or damage. 


As a result, the actual loss by fire to him was ₹ 3,00,000, which could have gone up to ₹ 7,00,000 if he had not acted as a prudent person. 


After scrutiny of the loss, the insurance company handed over the cheque of ₹ 3,00,000 to Ankit. Identify and state the principle of insurance that Ankit followed in the given. (3 Marks)

The End

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Wednesday, July 2, 2025

CBSE Class 12th Business Studies Worksheets - W2a

Free Business Studies - Class 12th (CBSE) - Worksheet - W2a - Principles of Management

As your Class 12th board exams are near, it’s our duty to provide you with a new worksheet.
This worksheet concentrates on Chapter 2: Principles of Management.
You can practice more and increase your chances of scoring better in the 12th Class Business Studies (CBSE) exam.
We have kept the content simple and understandable to practice the core concepts of the principles of management, including the following:
  • Scientific principles
  • Techniques

When you finish this entire exercise, you will gain more knowledge about the principles of management.

CBSE Worksheets for Business Studies

The second worksheet begins from here:

Class 12th Business Studies Worksheet (W2a)

Q1. The production manager of an automobile company asked the foreman to achieve a target production of 200 scooters per day. 

But he did not give him the authority to requisition tools and materials from the stores department. 

Can the production manager blame the foreman if he is not able to achieve the desired target? 

Explain briefly the principle relating to the situation. (4 Marks)

Q2. Soniya Ltd. was engaged in the business of manufacturing auto components. 

Lately, its business has been expanding due to increased demand for cars. The competition was also increasing. 

To keep its market share intact, the company directed its workforce to work overtime. But this resulted in many problems. 

Due to increased pressure of work, the efficiency of workers declined. Sometimes, the subordinates had to work for more than one superior. 

The workers were becoming indisciplined. The spirit of teamwork, which had characterized the company previously, had begun to wane. 

Identify any three principles of management that were violated, quoting the lines from the above case. (6 Marks)

Q3. The production manager of Harsh Ltd. instructs a salesman to go slow in selling the product, while the marketing manager insists on fast selling to achieve the target. 

Which principle of management is being violated in this case, and Explain It. (3 Marks)

Q4. Rishabh, a manager, very often speaks to people at all levels, passing on instructions regarding his department and the other departments. 

Which principle of management is being overlooked? Explain it. (3 Marks)

Q5. The management and workers have entered into an agreement that workers will do overtime to cover up the losses of the company. 

In return, the manager will increase the wages. But management later refused to increase the wages. 

Name the principle violated in this situation and explain it. (3 Marks)

Q6. In Simran Ltd., an employee has the objective of maximizing his salary, but the organizational objective is to maximize output at a competitive cost. 

There was some dispute on this for a while. Eventually, the organization’s interest was given priority over employees’ interest. Name the principle related to this situation. 

Elaborate on it. (3 Marks)

Q7. Neeraj is selected for the post of software developer in an IT Company. 

On the first day of his joining Mehul, his project manager tells Neeraj that during his work, he will come across many such opportunities which may tempt him to misuse his powers for individual or family’s benefit at the cost of the larger general interest of the company. 

In such situations, he should rather exhibit exemplary behaviour as it will raise his stature in the eyes of the company. 

Also, for interacting with anyone in the company on official matters, he should adopt the formal chain of authority and communication. 

In the context of the above case:
a. Identify and explain the various principles of management that Mehul is advising Neeraj to follow while doing his job. (6 Marks)

Q8. Davinder is a class 12th commerce student in a reputed school in Punjab. 

Satinder is his elder brother who is doing his Master's in Hospital Administration from Delhi after completing his B. Sc course. 

During vacations, when Satinder comes home, Davinder shows him the business studies project that he is preparing on the topic ‘Principles of Management’. 

Satinder tells him that these principles are also a part of the MBA course curriculum at the beginner’s level, as they form the core of management in practice. 

But he finds these principles different from those of pure science. In the context of the above case:
  • Outline the concept of the principles of management. (2 Marks)
  • Why does Satinder find the principle of management different from those of pure science?  (3 Marks)
  • Why do the principles of management form the core of management in practice? Explain by giving any two points highlighting the importance of the principles of management. (4 Marks)

Q9. The Nutan Tiffin Box service was started in Mumbai by Mumbai dabbawallas. 

The Dabbawallas, who are the soul of the entire Mumbai, aim to provide prompt and efficient services by providing tasty homemade tiffin to all office goers at the right time and place. 

The service is uninterrupted even on the days of bad weather, political unrest, and social disturbances. 

Recently, they have started an online booking system through their website ‘mydabbawals.com’. 

Owing to their tremendous popularity amongst the happy and satisfied customers and members, the Dabbawallas were invited as guest lecturers by top business schools. 

The Dabbawallas operate in a group of 25-30 people, along with a group leader. Each group teams up with other groups to deliver the tiffin on time. 

They are not transferred on a frequent basis, as they must remember the addresses of their customers. 

They follow certain rules while doing trade:
  • No alcohol during working hours
  • No leave without permission
  • Wearing of white cap & carrying ID cards during business hours. 
Recently, on the suggestion of a few self-motivated fellow men, the Dabbawallas thought out and executed a plan of providing food left in tiffins by customers to slum children. 

They have instructed their customers to place red stickers if food is left in the tiffin, to be fed to poor children later. 

State any one principle of management given by Fayol & one characteristic of management mentioned in the above case. Explain the principle. (4 Marks)

Q10. ‘Aapka vidyalaya’ believes in the holistic development of students and encourages team building through a mix of curricular, co-curricular, and sports activities. 

On its founder’s day, a stage performance had to be put up. A committee of ten prefects was constituted to plan different aspects of the function. 

They all decided to use recycled paper for decoration. 

There was a spirit of unity and harmony, and all members supported each other. With mutual trust and belongingness, the programme was systematically planned and executed.

Kartik, one of the prefects, realized that unknowingly the group had applied one of the principles of management while planning and executing the programme. 

He was so inspired by the success of the function that he asked his father to apply the same principle in his business. His father replied that he was already using this principle. 
  • Identify the principle of management applied for the success of the programme. (3 Marks)
  • State any two features of management highlighted in the above paragraph.  (2 Marks)

Q11. Nikita and Salman completed their MBAs and started working in a multinational company at the same level. 

Both are working hard and are happy with their employer. Salman had the habit of backbiting and wrong reporting about his colleagues to impress his boss. 

All the employees in the organization knew about it. At the time of the performance appraisal, Nikita's performance was judged better than that of Salman. 

Even then, their boss, Mohammed Sharif, decided to promote Salman, stating that, being a female, Nikita will not be able to handle the complications of a higher post. 

Identify and explain the principle of management that was not followed by this multinational company. (3 Marks)

Q12. Sigma Ltd. is a large company manufacturing electric motors. The company has several departments: Production, Marketing, Finance, and HR. Mr. Shashank, CEO of the company, set the target sales of 10 crore in a month. 

To increase sales, the marketing manager, Mr. Ishaan, insists on offering a 10% discount to customers. 

But the finance manager, Mr. Mohak, does not approve such a discount as it would mean a loss of revenue. Because of dual subordination, the sales manager, Mr. Anshik, could not achieve the sales target.
  • Which concept of management is Sigma Ltd. lacking? (3 Marks)
  • Which principle of management has been overlooked by this company? (3 Marks)

Q13. ABC Ltd. is engaged in producing electricity from domestic garbage. 

There is almost equal division of work and responsibility between workers and management. 

The management even takes workers into confidence before making important decisions. All the workers are satisfied as the behavior of the management is very good.

State the principle of management described in the above paragraph. (3 Marks)

Q14. Voltech India Ltd. is manufacturing LED bulbs to save electricity, but is running at a loss. 

To recover from the losses, the management thought of shifting the unit to a backward area where labour is available at a low cost. 

The management also asked the workers to work overtime without any additional payment and promised to increase the wages of the workers after achieving its mission. 

Within a short period, the company started earning profits because both the management and the workers honoured their commitments.

State the principle of management described in the above paragraph and explain it. (3 Marks)

Q15. Kushal Ltd. is a leading automobile company in which the various departments are setting up their own objectives without paying any attention to the organizational objectives. 
  • Which aspect of management is the company lacking? What will be its impact on the organization?  (3 Marks)
  • Identify the principle of management that has been overlooked by this organization. (1 mark)

The End 

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If you have missed our first worksheet, click on the link to practice it: Chapter 1 Worksheet of Business Studies (CBSE).

Friday, June 20, 2025

CBSE Class 12th Business Studies Worksheets - W1a

Free Business Studies - Class 12th (CBSE) - Worksheet - W1a - Nature and Significance of Management

You have reached here to find a free worksheet for class 12th Business Studies.


Is this correct?

Yes, because nowadays, finding a reliable platform that is built by educational experts is a challenge.

It is hard to find updated Class 12th Business Studies worksheets, specifically for CBSE teachers and students.

But we have solved the problem!

On this blog, you will have the latest worksheets for 12th Business Studies - Chapter 1: Nature and Significance of Management.

Use this content to practice the following core concepts of management that drive business success:

  • Different managerial levels
  • Roles
  • Objectives

When you complete this entire exercise, you will gain more knowledge about the importance of effective management and the critical functions that managers in the real world perform to take their organization to a higher level of efficiency.

Let's get started!


Don't forget to leave your comments and share this blog with others.


An image showing the Business Studies Worksheet

Class 12th Business Studies Worksheet (W1a) 

Q1. Sonia is the Marketing Manager at "Innovate Solutions Inc." At managerial level is she working? (1 Marks)

State any four functions she will perform in her role as Head of the Marketing Department. (4 Marks)

Q2. Mr. Karan Aujla is a 'Plant Superintendent' at Alpha Manufacturing Co. Identify the managerial level he occupies. (1 Marks)

Outline any four functions he would typically perform in this position. (4 Marks)

Q3. A sales team's objective was to sell 500 units of a new product within a quarter. 

By the end of the quarter, they had sold 480 units, but their promotional expenses were significantly lower than budgeted. 

Do you think the sales team was effective? Provide a reason to support your answer. (3 Marks)

Q4. The R&D department of a pharmaceutical company was tasked with developing a new drug within 18 months. 

They successfully developed and tested the drug in 16 months, but it required an additional 10% investment in resources than initially planned. 

Is the R&D department effective? Justify your answer with one reason. (3 Marks)

Q5. Salman Foods Pvt. Ltd. is experiencing frequent delays in its supply chain. 

The sales team often promises delivery dates that the logistics team finds impossible to meet, leading to customer dissatisfaction. The procurement department, meanwhile, complains that they don't receive timely demand forecasts from sales.

  1. What key aspect of management seems to be missing in Salman Foods Pvt. Ltd.? Justify your answer. (1 Marks)
  2. Explain the significance of the managerial concept identified in (a) for the smooth functioning of Salman Foods. (5 Marks)

Q6. Alcott Consultants is a firm specializing in financial advisory services. The CEO, Ms. Sharma, holds a Chartered Accountancy (CA) qualification, while the Head of Marketing, Mr. Gupta, has an MBA, and the Head of HR, Ms. Singh, has extensive experience but no formal HR degree.

During a team meeting, Mr. Gupta asserted that management should be considered a science due to its systematic principles, while Ms. Singh countered that it's more of an art, relying on creativity and practical application. 

Ms. Sharma, drawing upon her comprehensive understanding, then clarified the true nature of management to both. 

Explain how Ms. Sharma would have satisfied both Mr. Gupta and Ms. Singh by describing management as both a science and an art. ( 3 Marks)

Q7. EcoClean Solutions Pvt. Ltd. has adopted a policy of using only biodegradable packaging for all its cleaning products and has invested heavily in renewable energy sources for its manufacturing plants. 

Identify the objective of management that EcoClean Solutions Pvt. Ltd. is primarily focusing on. (1 Marks)

Provide a reason to justify your answer. (3 Marks)

Q8. Mr. Khanna is the CEO of a rapidly growing e-commerce company, 'ShopSmart'. 

He has implemented a system where every team's daily targets are clearly communicated, ensuring that all departmental efforts are aligned towards achieving the company's aggressive sales growth. 

He regularly introduces training programs for his employees to keep them updated with the latest digital marketing tools, which helps 'ShopSmart' stay ahead of its competitors. 

Mr. Khanna also encourages employees to set their own career development goals, providing resources and mentorship to help them achieve these, alongside their work for the company. 

Furthermore, 'ShopSmart' has recently launched an initiative to empower local artisans by sourcing products directly from them, thereby contributing to their livelihood. In the context of the above case:

Identify the various reasons that have made management so important by quoting lines from the paragraph. (6 Marks

The End

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The second worksheet is uploaded here.