Solved question paper for Business Studies 2 Mar-2017 (PSEB Class 12th)
Solved Question Paper
Business Studies 2 Mar-2017
PSEB • Class 12th • 1st • Mar-2017
Business Studies 2 previous year question papers on BRpaper help students browse Punjab School Education Board papers for PSEB 12th Class Question Papers, including this subject under the class 12 section. Because this subject is also commonly searched as Business Studies II, the page is useful for students looking for old question papers, paper-format references, and subject-wise practice material in one place. Use this section to review question styles, repeated themes, and the way marks and sections are usually presented in exam papers. It can support quick revision, help you compare past papers with sample or model-paper style practice, and give a clearer idea of important questions before exams. BRpaper is not the official website of Punjab School Education Board or any institution, and it does not publish official notices or academic updates. It simply helps students find and browse subject-wise exam papers and related preparation material where available.
PRINCIPLES AND FUNCTIONS OF MANAGEMENT
UNIT-1: NATURE AND SIGNIFICANCE OF MANAGEMENT.
(a) Management Concept, Objectives and Importance.
(b) Management as an Activity, Process, Discipline and as a Group.
(c) Nature of Management as a Science, as an Art and as a Profession.
(d) Management and Administration Comparison.
(e) Level of Management-Top, Middle & Supervisory.
(f) Management Function-Planning, Organizing, Staffing, Directing Coordinating and Controlling.
UNIT-2: PRINCIPLES OF MANAGEMENT
(a) Principles of Management: Meaning, Nature & Significance.
(b) Fayol's Principles of Management.
(c) Taylor's Scientific Management-Principles & Techniques.
UNIT-3: BUSINESS ENVIRONMENT
(a) Business Environment - Meaning & Importance.
(b) Dimensions of Business Environment-Political, Economic, Social Legal and Technological.
(c) Economic Environment in India, Impact of Govt. Policy changes on business & industry with Refrence to Liberalization, Privatization and Globalization (since 1991).
UNIT-4: PLANNING
(a) Meaning, Features, Process, Importance & Limitations.
(b) Goals, Objectives, Policy, Procedures, Strategy, Methods, Rules, Budgets and Programmes-Meaning and Distinction.
UNIT-5: ORGANISATION
(a) Meaning and Importance
(b) Process of Organizing
(c) Types of Organization: Formal, Informal, Line Organization, Line & staff and Functional Organization.
(d) Delegation: Meaning, Elements and Importance, Barriers in the way of delegation, Step to make delegation effective.
(e) Decentralization: Meaning and Importance
(f) Difference between Centralization and Decentralization.
(g) Difference between Delegation and Decentralization.
UNIT-6: STAFFING
(a) Staffing: Meaning, Need and Importance
(b) Steps in Staffing Process:
(i) Recruitment: Meaning and Sources.
(ii) Selection: Meaning and Process.
(iii) Training & Development: Meaning, Need, Types and Methods.
(c) Methods of Wage Payment: Time Rate & Price Rate.
(d) Types of Compensation and Incentives: Monetary &Non Monetary.
UNIT-7: DIRECTING
(a) Directing: Meaning and Importance.
(b) Elements of Direction:
i. Supervision: Meaning and Importance
ii. Motivation: Meaning and Importance, Maslow's hierarchy of needs: Financial & Non-Financial Incentives.
iii. Leadership: Meaning, Importance, Quality of a good leader.
iv. Communication: Meaning and Importance, Types of Communication and Barriers to Effective Communication.
UNIT-8: COORDINATION
Coordination: Meaning, Nature & Importance.
UNIT-9: CONTROLLING
(a) Controlling: Meaning and Importance.
(b) Relationship between Planning and Controlling.
(c) Steps in the process of Control.
BUSINESS FINANCE AND MARKETING
UNIT-10: BUSINESS FINANCE
(a) Meaning and Objectives of Finance Functions, Profit Maximization vs Wealth Maximization.
(b) Financial Planning: Meaning & Importance
(c) Capital Structure: Meaning & Factors
(d) Working Capital: Meaning, Importance, Types & Factors affecting its requirements.
UNIT-11: FINANCIAL MARKETS
(a) Concept of Financial Market: Money Market-Nature, Instruments.
(b) Capital Market: Nature, and Types-Primary and Secondary Market.
(c} Distinction between Capital Market and Money Markets.
(d) Stock Exchange; Meaning, Functions, NSEI, OCTEI, Training Procedure.
(e) Securities and Exchange Board of India (SEBI): Objectives and Functions.
UNIT-12: MARKETING
(a) Marketing: Meaning, Function & Role.
(b) Distinction between Marketing & Selling.
(c) Marketing Mix: Concept & Elements-
(i) Product: Nature, Classification, Branding, Labeling and Packaging.
(ii) Physical Distribution: Meaning, Role, Channels of Distribution:-
Meaning, Types, Factors determining choice of channel.
(iii) Promotion: Meaning and Role, Promotion Mix, Role of Advertising and Personal Selling, Objectives of Advertising.
(iv) Price: Factors influencing Pricing.- 140 -
UNIT-13: CONSUMER PROTECTION
(a) Importance of Consumer Protection,
(b) Consumer Rights.
(c) Consumer Responsibilities.
(d) Ways and Means of Consumer Protection: Consumer Awareness and legal redressal with special reference to Consumer Protection Act 1986.
(e) Role of Consumer Organization and NGO's.
UNIT-14 ENTREPRENEURSHIP DEVELOPMENT
(a) Entrepreneurship: Concept, Characteristics, Needs and Functions.
(b) Process of Entrepreneurship Development.
(c) Entrepreneurial Values, Attitudes and Motivation: Meaning & Concept.
Solved Questions
Solved-
(a) Fill in the blanks :
The GIobaI lever manager has to adjust his functions according to the..............
(b) Write true or false :
A formal leader is usually chosen by the group members
(c) What is Co-operation?
Very Short Answer Mar-2017 • PSEB Class 12th -
"Management is a social process." Explain the statement ?
Short Answer Mar-2017 • PSEB Class 12th -
What is Economic Environment ?
Short Answer Mar-2017 • PSEB Class 12thThe Economic environment consist of external factor in a bussiness market and the boarder economy that can influence a bussiness
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Explain the Stress Interview.
Short Answer Mar-2017 • PSEB Class 12thThe term stress interview is used to describe a technique that deliberately places the job condidate is a stress full situation to observe how to candidate reacts during the job interview
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Define Leadership.
Short Answer Mar-2017 • PSEB Class 12thThe individual who are the leader in an organization, regarding collectivity. The activity of leading a group of people or an organization or the ability to do this
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Control does not require any process. Explain.
Long Answer Mar-2017 • PSEB Class 12thThis thought may come to our minds at times and it seems to be a valid point too
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What is Money Market ?
Short Answer Mar-2017 • PSEB Class 12thThe money market is where financial instruments with highly liquidity and very short maturuuties and traded.
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What is Counter Display ?
Short Answer Mar-2017 • PSEB Class 12thA Counter Display unit is a retail display normally placed on a shop counter to encourage consumer impluse purchase.
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Write Difference between Time study and Motion study
Long Answer Mar-2017 • PSEB Class 12thMotion study Time study It involves the study of motion on an operation while
The main aim of motion study is to reduce wastage
It is note the time involved in carrying out each element of operation.
Time study aims at fixing the standard time
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Explain any four feature of Planing
Long Answer Mar-2017 • PSEB Class 12thPlaning is an essential element for the success of any business establishment. Most of removed business that have been esured that they lay down all fundamental planning features and implement them accordingly
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Write any four difference between Centralisation and Decentrarisation.
Long Answer Mar-2017 • PSEB Class 12thCentralisation Decentration The retention of powerand authority with respect to planing.
Proper coordination and leadership
lies with the top management
The dissemination of authority responsibit and accounting
Sharing of burden and responsibilty
Multiple person have the power of decisioj making
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Mar 2017
Write any four difference between delegation and decentralisation
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Write any four advantages of Written Communication
Long Answer Mar-2017 • PSEB Class 12thThe document of written communication act as a permanent record when it is needed, important information can be easily collected from the preserved documents. Prevention of wastage of time and money. eritten communication prevents the wastage of money and time.
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Write any four objectives of Co-ordination
Long Answer Mar-2017 • PSEB Class 12thObjectives of Co-ordination
# Harmony of Goals : There is always a danger of conflicts of goals in the minds of Manager .
# Total Accomlishment : The Other main objective of the co-ordination is to achieve total accomplishment rather than individual effort.
# Economy & Efficiency : Another important objectives of co-ordination. Result in economy and efficiency in the organisation.
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Mar 2018
Outline any four techniques of co-ordination.
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Mar 2018
Outline any four techniques of co-ordination
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Mar 2018
Outline any four techniques of co-ordination.
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Mar 2017
Write any four principles of co-ordination
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Write any four feature of Fixed Capital
Long Answer Mar-2017 • PSEB Class 12thPurchase of fixed Asset : It is a capital invested in fixed asset. In other words, it is capital used for purchasing
Promotion and Expansion of business : Fixed capital is required for promoting business.
Low Liquidity : In genral, the defination of liquidity can be started as price said liquidity.
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Marketing is the creation and delivery of a standard of living Comment
Long Answer Mar-2017 • PSEB Class 12th -
Explain the environmental factors for distribution channels'
Long Answer Mar-2017 • PSEB Class 12th -
Discuss the princrples propounded by Henry Fpyol'
Long Answer Mar-2017 • PSEB Class 12th -
What is the Importance of Organisation ?
or
Planning without control is meaning less and control without planning is a waste Explain statement
Long Answer Mar-2017 • PSEB Class 12th -
Write advantages of NSEI
or
Describe the procedure adopted for rederessal of Consumers Disputes.
Long Answer Mar-2017 • PSEB Class 12th
Explore all data
FAQ
Frequently Asked Questions
Answers about this subject, solved papers, and preparation.
01 How can I find PSEB 12th Class Business Studies 2 previous year question papers for Semester 1 on BRpaper?
Open the Business Studies 2 subject page under PSEB 12th Class Question Papers, Semester 1. This page is meant to help students browse subject-wise previous year question papers and use them for exam practice and revision.
02 Are Business Studies 2 and Business Studies II the same on this PSEB 12th page?
Yes, students often search for this subject as Business Studies 2 or Business Studies II. This BRpaper subject page helps you find the same subject area under the Class 12 section for paper browsing and practice.
03 Can I use previous year Business Studies 2 papers to understand the exam pattern?
Yes. Previous year question papers can help you see how questions are usually presented, how sections may be arranged, and which topics appear repeatedly. For the latest structure, students also compare old papers with sample paper or model paper formats where available.
04 What types of questions should I prepare for from PSEB Class 12 Business Studies 2 papers?
Students usually use past Business Studies papers to prepare broadly for MCQ-style questions, short answers, long answers, and case or source-based practice where applicable. The main benefit is understanding question style and improving answer-writing readiness.
05 How should I use Business Studies 2 previous year papers for revision before the board exam?
Use them for quick practice, chapter prioritization, and time management. Solving multiple papers can help you notice repeated themes, identify important questions for last-minute revision, and test how well you can write answers under exam conditions.
06 Should I use sample papers or model papers along with previous year Business Studies 2 papers?
Yes. Previous year papers show real past question trends, while sample papers or model papers can help you understand current paper structure and practice flow. Using both together is a practical way to prepare for Business Studies 2.