List of top Business Studies Questions

The process of assigning duties, establishing authority, and allocating resources among departments is called:

Which consumer right gives consumers protection against goods and services hazardous to life and health?

SEBI primarily aims at protecting the interests of:

The process of comparing actual performance with standards and taking corrective action is known as:

Who among the following is associated with the concept of Functional Foremanship?

Management is considered to be both an art and a science. Which of the following statements correctly justifies this nature of management?

Which financial market deals in short-term funds and financial instruments having maturity period less than one year?

Which of the following principles of management was given by Henri Fayol and emphasizes that each employee should receive orders from only one superior?

Identify the correct sequence of Controlling process:
• [(A)] Analysing deviations
• [(B)] Measurement of actual performance
• [(C)] Setting up standards
• [(D)] Comparison of actual performance with standards Choose the correct answer from the options given below:

Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory.
• [(A)] Belongingness needs
• [(B)] Safety and Security needs
• [(C)] Self-actualisation needs
• [(D)] Esteem needs Choose the correct answer from the options given below:

“____________________ is a process of influencing the behaviour of people by making them strive voluntarily towards achievement of organisational goals.”

Which of the following is a process of incitement or inducing subordinates to act in a desired manner to achieve organisational goals?

Identify the correct sequence of Selection process:
• [(A)] Selection decision
• [(B)] Employment interview
• [(C)] Selection tests
• [(D)] Reference checking Choose the correct answer from the options given below:

“It is a joint programme of training in which educational institutions and business firms cooperate.” Identify the method of training.

Identify the correct sequence of steps under the Planning function:
• [(A)] Setting objectives
• [(B)] Identifying alternative courses of action
• [(C)] Developing premises
• [(D)] Evaluating alternative courses of action Choose the correct answer from the options given below:

Under which dimension of business environment is “Online Booking of Air Tickets” included?

The aim of which technique given by F.W. Taylor is to reduce a given line or a product to fixed types, sizes and characteristics?

Identify the Principle of Management where Taylor pioneered the introduction of method of scientific inquiry into the domain of management practice.

'Even a small production activity like loading pigs of iron into boxcars can be scientifically planned and managed. This can result in tremendous saving of human energy as well as wastage of time and materials.' Identify the principle of scientific management advocated in the aforesaid statement.

Which one of the following statements best describes 'Mental Revolution' as described by F.W. Taylor?

'To become a Chartered Accountant in India, a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India' Which characteristic of management as a profession is highlighted in the above statement?

"All the management practices are based on the same set of principles, what distinguishes a successful manager from a less successful one is the ability to put these principles into practice." Identify the nature of management highlighted above.

Consider the following facts about Training and Development: (A) Training is career oriented.
(B) Development is the process of learning and growth.
(C) Training increases knowledge and skills.
(D) Training prepares employees for current job performance.
(E) Development is the process of increasing the knowledge and understanding of employees. Choose the correct answer from the options given below:

Match List-I (Functional Areas) with List-II (Standards): [h] {|l|l|} List-I (Functional Areas) & List-II (Standards)
(A) Production & (I) Quantity
(B) Marketing & (III) Sales-person's performance
(C) Human Resource Management & (II) Labour absenteeism
(D) Finance and Accounting & (IV) Flow of capital

The management principles given by F W Taylor are scientific in nature whereas management principles given by Henry Fayol are {