CBSE Class 12 Business Studies Question Paper 2014
This is the CBSE Class 12 Business Studies Previous Year Question Paper from 2014. It includes questions designed to test understanding of the Business Environment, covering its meaning, features, and dimensions. The paper features a mix of 1-mark questions, asking for definitions and components of various environmental factors like political, legal, and technological environments, as well as specific and general forces. It also includes 3-mark questions requiring explanations of concepts like dynamic nature and uncertainty, and 4/5-mark questions that delve into the importance of understanding the business environment for managers. Solving this board question paper is crucial for students to grasp the exam format, identify key topics, and enhance their performance in the upcoming board examinations.
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Quick info
| Board | CBSE |
|---|---|
| Class | 12 |
| Subject | Business Studies |
| Session | 2014 |
| Language | English |
| Type | Previous Year Question Paper |
| Exam type | Board Exam |
Paper pattern
The paper includes 1-mark, 3-mark, and 4/5-mark questions, testing various aspects of the Business Environment.
Topics covered
Paper topics
- Business Environment
- Meaning of Business Environment
- Features of Business Environment
- Dimensions of Business Environment
- Political Environment
- Legal Environment
- Technological Environment
- Specific Forces
- General Forces
- Threats
- Opportunities
Important topics
- Meaning, Features, and Importance of Business Environment
- Dynamic Nature of Business Environment
- Uncertainty of Business Environment
- Identification of Threats and Opportunities
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Question paper text
Meaning, Features Importance & Dimensions of Business Environment
1 Mark Questions
1. Why is it said that business environment is uncertain?
(Compartment 2014)
Ans. Business environment is uncertain as it is difficult to predict future happenings when environment changes are taking place frequently.
2. What is included in 'Political Environment' of business? State.
(Delhi 2014)
Ans. The following components are included in political environment of business:
- Constitutional framework
(ii)Political system
(iii)Political structure
- Government interventions in business
- Foreign policy and defence policy of the country
3. What is included in 'Legal Environment' of business? State.
(All India 2014)
Ans. Legal environment includes:
- Several acts passed by government.
- Court judgements. .
- Statutory warnings prescribed under law.
- Legislations passed by the government, e.g. essential commodities, etc
4. Why is business environment called dynamic? State
(Compartment 2014)
Ans. Business environment is dynamic as it keeps on changing. It is not static and its components are highly flexible, e.g. technological improvements, increase in competition, etc.
5. What is included in the 'Technological Environment' of business? State (Compartment 2014)
Ans. Technological environment includes scientific improvements and innovations, which provide new ways of producing goods and services. It also includes news methods and techniques of operating a business.
- Business environment includes both specific and general forces. List any four specific forces. (Delhi 2011)
Ans. Specific forces of business environment are:
- Suppliers (ii) Investors
- Customers (iv) Competitors
- Business environment includes both specific and general forces. List any four general forces. (All India 2011) Ans. Genera! forces of business environment are:
- Social (ii) Political
- Technological (iv) Legal
- The understanding of business environment helps the managers to
identify threats. What is meant by 'threats' here? (HOTS; Delhi 2011) Ans. Threats refer to the external environment trends and changes that will hinder a firm's performance.
- The understanding of business environment enables the firm to identify the opportunities. What is meant by 'opportunities' here?
(HOTS; All India 2011) Ans. Opportunities refer to the positive external trends or changes that will help a firm to improve its performance.
3 Marks Question
- What is meant by business environment? Explain dynamic nature and uncertainty as features of business environment. (Delhi 2011)
Ans. Business environment is the sum total of all individuals, institutions and other forces like customers, competitors, suppliers, distributors, industry trends, substitutes, regulations government activities, social and cultural factors that are outside the control of the business enterprise but may affect its performance. Features of business environment are:
Dynamic nature Business environment is dynamic as it keeps on changing. It is not static and its components are highly flexible, e.g. technological improvements, increase in competition, etc.
Uncertainty Business environment is uncertain as it is difficult to predict future happenings when environment changes are taking place frequently
4/5 Marks Questions
- Why is the understanding of business environment important for Explain with the help of any four points. (Delhi 2014) or
Understanding of environment by business managers enables them not only to identify and evaluate, but also to react to the forces external to their firms? In the
Frequently asked questions
What is this document?
This is a CBSE Class 12 Business Studies Previous Year Question Paper from 2014, designed for board exam practice.
What topics are covered in this paper?
The paper focuses on the Business Environment, including its meaning, features like dynamic nature and uncertainty, dimensions, and the importance of understanding it for managers.
What types of questions are included?
The paper contains 1-mark questions for definitions and components, 3-mark questions for explanations, and 4/5-mark questions for detailed analysis.
How can solving this PYQ help me?
Solving this previous year question paper helps you understand the exam pattern, identify important topics, and improve your scoring potential for the CBSE board exams.
Is this a complete question paper?
Yes, this is a complete board question paper from 2014, providing a realistic practice session for the Business Studies examination.
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