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Unofficial Answer Key ME -548 +2 Business Studies – 2022

Second Year Higher Secondary model Examination , March 2022

Prepared by PRAKASH.P.N, Govt.HSS Nedumgolam, Kollam,9447226258,7012881563

PART-1

A. Answer any 4 questions from 1 to 6. Each carries 1 score. (4X1 =4)

1a. Production manager.

2.b. External.

3.c. Staffing.

4.b. Budget.

5.b. Capital structure.

6.d. Social.

B. Answer all questions from 7 to 10. Each carries 1 score. (4X1=4)

7.a. Planning.

8.a. Training.

9. b. Controlling.

10. b. Scientific management.

PART -II

A. Answer any 3 questions from 11 to 15. Each carries 2 scores. (3X2=6))

11.

Organisational Objectives Survival

Social Objectives Benefits for society

Personal objectives. To satisfy personal needs.

12.1. Treasury Bill, 2. Commercial Paper,3. Call Money,4. Certificate of Deposit,5.

Commercial Bill (Any 2 )

13.1. Right to Safety:,2. Right to be informed:,3. Right to choose :,4. Right to be heard

,5. Right to seek redressal: 6. Right to Consumer Education: ( Any 4)

14. a. Authority.

b. Responsibility.

15.

Money Market Capital Market

1. It is a market for short term instruments

having a maturity period of less than one

year.

2. It helps to meet the working capital needs.

3. The instruments in money market are Bill

of exchange, treasury bills, certificate of

deposits, commercial papers etc.

4. It is a wholesale market.

5. The central bank, commercial banks and

other financial institutions take part in the

market.

6. Money market instruments do not have an

active secondary market.

1. It is for medium and long term

instruments having maturity period of more

than one year.

2. It helps in meeting fixed capital needs.

3. The instruments are equity shares,

preference shares, debentures, bonds etc.

4. It is a retail market.

5. Stock exchanges, Merchant banks, Issue

houses and many financial intermediaries

take part in the market.

6. Capital market instruments have both

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7. Money market transactions normally take

place over telephone and other ways.

8. The market regulator is the central bank of

the country. In India it is RBI.

primary and secondary markets.

7. Capital market transactions normally take

place at stock exchanges.

8. There is a separate regulator in the capital

market. In India it is SEBI.

(any 2 points)

B. Answer any 2 questions from 16 to 18. Each carries 2 Scores. (2X2=4)

16.Financial incentives:(i) Pay and allowances,(ii) Productivity linked wage incentives,(iii)

Bonus,(iv) Profit Sharing, (v) Co-partnership/ Stock option,(vi) Retirement Benefits,(vii)

Perquisites.

Non-Financial Incentives:(i) Status,(ii) Organisational Climate,(iii) Career Advancement

Opportunity:,(iv) Job Enrichment,(v) Employee Recognition programmes,(vi) Job security,

(vii) Employee participation,(viii)Employee Empowerment. ( any 2 ).

17.i) Training is a systematic learning,(ii) It enhances employee productivity both in terms

of quantity and quality,(iii) Training equips the future manager who can take over in case of

emergency.(iv) Training increases employee morale and reduces absenteeism and employee

turnover.

18.Increasing competition,More demanding customers ,Rapidly changing technological

environment ,Necessity for change,Need for developing human resource ,Market orientation

,Loss of budgetary support to the public sector ( 2 points)

Part -III

A. Answer any 3 questions from 19 to 23. Each carries 4 scores. (3X4=12)

19.1. Setting performance standards

2. Measurement of actual performance.

3. Comparison of actual performance with standards.

4. Analysing deviations .

5. Taking corrective action .

20.a.Marketing mix refers to the combination of 4 basic marketing tools such as Product,

Price, Place, and Promotion. It is also known as four ‘Ps’.

b. Price, & Place,

21.i) Economic Environment:

Interest rates, inflation rates,changes in disposable income of people, stock market

indices and the value of rupee are some of the economic factors that can affect management

practices in a business enterprise.

(2) Legal Environment:

Legal environment includes various legislations passed by Government

administrative orders issued by government authorities, court judgments etc.

Eg:Constitutional Provisions; Companies Act 2013; Industries (Development and

Regulations)Act 1951.

22.a. 1.On the job training.

2. Off the job training.

b. On the job training: Coaching:,Job Rotation:

Off the job training:Films:,Case Study:

Prepared by PRAKASH.P.N, Govt.HSS Nedumgolam, Kollam,9447226258,7012881563