This document provides a summary of an inter-school quiz on accountancy and business studies organized by Samarth Shiksha Samiti. It contains questions related to topics like communication, leadership, marketing, sales promotion, recruitment, motivation, and management functions. The quiz was held on 21st November 2016 at GLT Saraswati Bal Mandir Sr. Sec. School in Negru Nagar. It includes 40 multiple choice questions along with their answers on various business studies concepts.

1. Welcome to GLT
SARASWATI Bal Mandir
Sr. Sec. School Negru
Nagar
Run By SAMARTH SHIKSHA
SAMITI

2. Inter School Quiz
CLASS XII
ACCOUNTANCY & BUSINESS STUDIES
ORGANISED BY
SAMARTH SHIKSHA SAMITI
DATE : 21ST
Nov 2016
VENUE – GLT SARASWATI BAL

3. BUSINESS
STUDIES
Quiz
Class XII
(2016-17)

4. Question : 1
” No smoking in the
workshop “
This statement is related
to
which type of plan .

5. Answer : 1
Rule

6. Question : 2
“ Which component of product mix
describes the usage of product “ its
content and cautions in use of
product ?

7. Answer : 2
Labelling

8. Question : 3
An ideal control system is the
one that checks every bit
of performance. Do you agree
with this statement ? Support
your answer.

9. Answer : 3
No, an ideal control system does
not check every bit of performance
because a manager focuses only on
key points and uses Management
by Exception

10. “ One helps in performing job better
and is job oriented while other leads
to overall growth of an employee
and is career oriented”. Name the two
concepts.
Question : 4

11. Answer :4
1. Training
2. Development

12. “Unclarified assumptions ” is which
type of barrier to communication.
Audience Question
: 5

13. Answer :5
Semantic Barrier

14. Identify the Maslow’s hierarchy
need highlighted in the following
statement :
Receipt of appreciation letter
from HRD Minister on Teacher’s
Day to get recognition.
Question : 6

15. Answer : 6
Esteem Needs

16. “ A good leader does not wait for the
Opportunities but Creates them ”.
This statement is related to
which quality of a good leader?
Question : 7

17. Answer :7
Initiative

18. Name the non -paid form of
communication of
information about the
products.
Question : 8

19. Answer :8
Publicity
( Public Relations )

20. Question : 9
“Which source of recruitment has the
disadvantage of increase in labour
turnover ?

21. Answer : 9
External Source of
Recruitment

22. Audience Question : 10
“People took both ways before
crossing the street and if they don’t
look before they don’t feel safe”.
Name the need which is highlighted
In the given statement.

23. Answer :10
Safety and Security Needs

24. Question : 11
This Diwali LOFO Company gives the
offer to their customers 2GB at 3GB
speed for a month , for Rs. 395
instead of Rs. 450 . Identify the sales
promotion technique highlighted in
the above case.

25. Answer :11
Rebate

26. Question : 12
Mr. Divyanshu , Manager ( Operations)
does not define clear goals to his
subordinates and is not regularly up
to date with their work as all the
employees are skilled and
experienced
in their job . Which is the style of
leadership being followed by him ?

27. Answer : 12
Laissez –
faire leadership sty

28. Question : 13
“Our assets walk out of door each
evening ,we have to make sure that
they come back the next morning".
This statement relates to which
function of management.

29. Answer :13
Staffing

30. Question : 14
You are the manager of Vision
Chemicals Limited. It is reported to
you that the Postal expenses have
increased by 10% over standard
rates and cost of raw materials has
increased by 2%.Which of the two
deviations will be more critical to
you?

31. Answer :14
Increase in cost of raw
material by 2% is more
critical. (Critical Point Control)

32. Audience Question : 15
Workers of a factory are unwilling to
take up any kind of work. Due to rise
in demand firm wants them to
cooperate with pending orders. The
supervisor is finding it difficult
to cope up with situation. Which
element of directing is missing in the
organization?

33. Answer :15
Motivation is required to
induce the workers and to get
willing cooperation
of the workers.

34. Question : 16
Parveen is working under the
guideline of Atul a carpenter for
last three years to learn the
different skills of this job. Name
the method of training Parveen is
undergoing.

35. Answer : 16
Apprenticeship Trainin

36. Question : 17
“ We do not sell on credit ”
This statement is related
to which type of plan.

37. Answer : 17
Policy

38. Question : 18
Reliance Limited offers to
its
Employees shares at a
price
which is less than the
market price. Name
the incentive
offered to the employees.

39. Answer : 18
Co-Partnership/Employee
stock Option Scheme.

40. Question : 19
Himalaya products is a natural and
ethical beauty brand famous for
offering organic beauty products for
men and women. The company uses
plant based materials for its
products and is number one beauty
brand in the country. Identify the
marketing philosphy.

41. Answer : 19
Societal Marketing Concept

42. Audience Question : 20
“ Bending the customers according
to the product ” and “ Developing the
product according to the customer
needs ” are the two important
concepts of Marketing Management .
Identify the concept.

43. Answer : 20
(A)Selling Concept
(B)Marketing Concept

44. Question : 21
A project of Siddharth Ltd. is running
behind schedule because unskilled
workers take more time to complete the
task. As a result , the management
decided to employ skilled workers to
complete the project on time.
Identify the step of the controlling
process highlighted here.

45. Answer : 21
Taking Corrective Action

46. Question : 22
A company gets applications on and off
even without declaring any vacancy.
However , as and when the vacancy
arises , the company makes use of such
applications.
Name the type of a source of recruitment
used by the company .

47. Answer : 22
Casual callers
(external source of requirement)

48. Question : 23
Write two examples of
statutory warnings mentioned
on the label of a product.

49. Answer : 23
(a)Smoking is injurious to health.
(b)Chewing tobacco is injurious to health

50. Question : 24
Give two examples of
limitations of Planning which
are beyond the control of an
organization.

51. Answer : 24
(a)Natural Calamity
(b)Change in taste, fashion or
trend in the market.

52. Audience Question : 25
What is prerequisite of
selection?

53. Answer : 25
The prerequisite of selection is
Recruitment because in
recruitment company receives
larger number of applications
and then only selection process
starts.

54. Question : 26
Action Cancer Hospital launched Colo-Rectal
Camp. For this camp, patients were invited for free
check-ups and consultation . This event was
popularized through newspapers and magazine,
which carried information about special offer, 25%
discount on selected tests and 50% discount on
consultation. Identify the three promotional tools
being highlighted in the above case.

55. Answer : 26
Promotional Tools Highlighted:
Public Relations
Advertising
Sales Promotion

56. Question : 27
Identify the methods of
Sales –Promotion in the following.
A mobile Company offers a discount
of Rs.1000 to clear off excess
inventory.
Identify the sale promotion
technique.

57. Answer : 27
Rebate

58. Question : 28
A company offers 40% extra
shaving cream in a pack of
500 grams.

59. Answer : 28
Quantity Gift

60. Question : 29
An institute for dance training
was set up by a company. The
name of the institute was kept
as “Fun Institute “ .
Identify any two qualities of
good brand name , which are not
met in the given case.

61. Answer : 29
Brand name is not suggestive.
Brand name chosen doesn’t have staying
Power.

62. Kapil & Co. is a large manufacturing unit.
Recently the Company had conducted time
and motion studies that a worker can produce
300 units per day on an average. However ,it
was noticed that the average daily production
per worker is in the range of 200-225 units.
Identify the function of management .
Audience Question :
30

63. Answer : 30
Controlling

64. Question : 31
Sriraj Ltd has recently moved into trading of
gold and diamond jewellery business .They
are selling their articles in various parts of the
country but unable to manage sales.
The marketing manager of the company
suggested to use three level channel of
distribution.
Do you agree with him? Give Reasons.

65. Answer : 31
No, the Marketing manager is wrong
because when unit value of product is
high shorter channels of distribution
may be used.

66. Question : 32
Identify the Maslow’s hierarchy of
needs highlighted in the following
cases:
(a)Raman is looking for a job where he
can earn at least Rs15000 to make his
living.
(b)Rita, Marketing Manager hosts
Diwali dinner at her place every year.
She invites all the close associates of
her department and also of other

67. Answer : 32
(a)Basic Physiological Needs
(b)Social/Affiliation/Belongingness
Need

68. Question : 33
To promote the sale of products following
schemes were offered by different
companies. Identify the sales promotion
tool highlighted in following cases :
(a)A glass bowl free with Haldiram Bhujia
(b)LG offered a scheme of fifteen equal
monthly instalments without any interest.

69. Answer : 33
(a)Product combination
(b)Full finance @ 0%

70. Question : 34
Is Directing required at Planning Stage?

71. Answer : 34
No, Directing is not required at
Planning Stage since it is an
executive function. It initiates
action .

72. Audience Question : 35
Which source of recruitment has
the advantage of infusion of new
blood into the organisation?

73. Answer : 35
External Source of
Recruitment

74. Question : 36
Yatin industries wants to hire staff for its
chemical division.
The personnel department lists out the
following methods of recruitment:
(a) Using www.timesjob.com to search fo
prospective candidates.

75. Answer : 36
Web publishing

76. Question : 37
Vaibhav and Kashyap are friends working
in a Sharma Ltd. as Production manager
and Sales Manager respectively.
In an interdepartmental meeting Vaibhav
informed Kashyap about a change in the
marketing policy of the company.
Identify the type of communication used
in the above example.

77. Answer : 37
Formal communication

78. Question : 38
Standards are set in quantitative as
well as in qualitative terms .
Identify the type when it is set in terms
of “ cost to be incurred “ .

79. Answer : 38
Quantitative Standards

80. Question : 39
Name the element of marketing
mix which affects the revenue
and profits of a firm.

81. Answer : 39
Price Mix

82. Audience Question : 40
Give an example of primary
Package.

83. Answer : 40
Package of a bathing soap

84. Thank You