Business Studies 2019 Delhi - Set-1

General Instructions:

1. This question-paper contains five Sections – A, B, C, D and E.
2. Section – A contains questions 1 to 8 carrying one mark each. Answer to these questions may be given in one word or a sentence.
3. Section – B contains questions 9 to 13 carrying three marks each, answers to these questions may be in 50 to 75 words.
4. Section – C contains questions 14 to 19 carrying four marks each. Answers to these questions may be in about 120 words.
5. Section – D contains questions 20 to 22 carrying five marks each. Answers to these questions may be in about 150 words.
6. Section – E contains questions 23 to 25 carrying six marks each. Answer to these questions may be in about 200 words.

1. There is no over-all choice in the question paper, however an internal choice has

been provided in 3 questions of one mark, 2 questions of three marks 2 questions of four marks, 1 question of five marks and 1 question of six marks. You have to attempt only one of the choices in such questions.

Question 1

Define 'Workforce Analysis'. OR Define Selection'.

SOLUTION:

A workforce analysis refers to an estimation of the existing personnel in the organisation.

OR

The process of choosing the right candidate out of the gathered pool developed at the time of recruitment is known as selection.

Question 2

Appliances India Ltd. is engaged in manufacturing and distribution of home appliances since 1987. It has a good name in the market as the company is producing good quality appliances. It has separate departments for manufacturing, finance, sales maintenance services and technical services to achieve specialization.

Since the areas of operations of the company have increased and customers have become more demanding, the company decided to modify the existing principle of management to meet the changing requirements of the environment.

State the general principle of management which the company wants to modify to meet the changing requirements.

SOLUTION:

The principle of management that the company wants to modify is 'division of work'.

Question 3

How does Financial Market facilitate 'Price Discovery' of financial assets?

SOLUTION:

In financial markets, there are two players i.e. the households and the business firms. Here the households act as the suppliers of funds and the business firms make the demand. Now, we know that the price is determined when demand meets supply, so in such markets as well, wherever the demand meets supply, the price for that financial asset that is being traded in that market is determined.

Question 4

Biru Nandan, Chairman of Lalit group of companies founded 'Biru University' for undergraduate and postgraduate courses in diverse disciplines. The Information Technology department of the 'Lalit Power Ltd., had few vacancies related to Cyber Security. The Human Resource Department of the Company decided to recruit fresh engineering graduates from 'Biru University' for the same. Identify the type of source of recruitment.

SOLUTION:

The source of recruitment that is being used is 'Campus Recruitment'.

Question 5

Varsha Jain after completing her fashion designing course form Indian Institute of Fashion Technology planned to enter into designer clothing venture. She had to address issues like her target customers, channel of distribution to be used, pricing policy etc. identify the type of plan that Varsha Jain needs to develop to provide direction and scope to her organization in the long run.

SOLUTION:

The type of plan that Varsha Jain should use is the strategy.

Question 6

State any two 'Developmental Functions' of Securities and Exchange Board of India. OR