Class 12 Business Studies Practice Questions

Q1. The marketing mix consists of how many 'P's? 💼

1. 8
2. 2
3. 4
4. 6

Q2. Financial management is primarily concerned with: 💼

1. Product development
2. Recruitment of employees
3. Sales promotion
4. Procurement and utilisation of funds

Q3. Which function of management involves assigning duties to employees? 💼

1. Organising
2. Planning
3. Staffing
4. Controlling

Q4. SEBI stands for: 💼

1. Stock Exchange Board of India
2. Securities and Economy Board of India
3. Securities and Exchange Board of India
4. Share Exchange Bureau of India

Q5. Maslow's need hierarchy theory is related to: 💼

1. Motivation
2. Marketing
3. Controlling
4. Financial planning

Q6. Consumer Protection Act was passed in: 💼

1. 1992
2. 1978
3. 2000
4. 1986

Q7. Working capital is calculated as: 💼

1. Fixed Assets - Current Liabilities
2. Current Assets - Current Liabilities
3. Total Assets - Total Liabilities
4. Net Profit - Depreciation

Q8. Which of the following is a source of long-term finance? 💼

1. Commercial Paper
2. Bank Overdraft
3. Trade Credit
4. Debentures

Q9. Advertising is a form of: 💼

1. Sales promotion
2. Non-personal paid communication
3. Public relations
4. Personal selling

Q10. In leadership, Laissez-faire style means: 💼

1. Leader consults experts before deciding
2. Decisions are made by group consensus
3. Complete freedom is given to subordinates
4. Leader makes all decisions alone

Q11. How many 'P's make up the traditional marketing mix?

1. 4
2. 3
3. 5
4. 7

Q12. Which is the first (primary) function of management?

1. Organising
2. Planning
3. Controlling
4. Staffing

Q13. The capital used for day-to-day business operations is called:

1. Fixed capital
2. Share capital
3. Working capital
4. Debenture

Q14. Which body regulates the stock market in India?

1. RBI
2. AICTE
3. FSSAI
4. SEBI

Q15. A business owned and managed by a single person with unlimited liability is a:

1. Sole Proprietorship
2. Company
3. Partnership
4. Cooperative