Class 12 Business Studies Answer Key 2024 for Set 1,2,3

The Central Board of Secondary Education administered the Class 12th Business Studies test today, March 27, 2024. After taking the exam, students go for Class 12 BST Answer Key 2024 to cross-check their answers to see if they are valid or incorrect. To make things easy, we have included the CBSE Class 12 Business Studies Answer key 2024 for all sets on this page, which has been prepared by Adda247 experts. If you took the exam, bookmark this page so that you may get the Business Studies Answer Key 2024 for all sets as soon as possible.

Business Studies Answer Key 2024

Business Studies is one of the most scoring and important papers in the Commerce stream at the Central Board of Secondary Education. According to the datasheet, the Class 12 Business Studies board test will last three hours, from 10.30 a.m. to 1.30 p.m. After the exam, students can find the Class 12 Business Studies Answer key 2024 on this page. Although the Class 12 Business Studies Answer Key 2024 is unofficial, it is fully correct and error-free because it was provided by our Adda247 Expert Team. This article provides students with a link to the PDF of the question paper as well as its analysis.

CBSE Class 12 BST Answer Key 2024

The CBSE Class 12 Business Studies test is one of the most important subjects for commerce students since it evaluates their comprehension of business concepts and principles. The students were given three hours to answer 35 questions, and the paper was worth 80 marks. The question paper pattern was identical to that used in the most recent CBSE Class 12 Business Studies Sample Paper. All questions were mandatory, with some allowing for internal options. Check out the CBSE Class 12 BST Answer Key 2024 Highlights.

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Business Studies Class 12 Answer key for All sets

If you took the exam and are seeking the Class 12 Business Studies Answer Key 2024, you are in the right place. Adda247 Experts are continually updating the CBSE class 12 Business Studies exam questions and answers. Once the exam is completed, students can use the CBSE Class 12 BST Answer Key 2024 to ensure that all right answers are entered. Instead of browsing other websites on the internet, stay with us to receive the answer key for class 12 business studies all sets as soon as possible.

CBSE Business Studies Answer Key 2024 Set 1

QP Code 66/5/1

1. Vanguard Inc.’, a company manufacturing footwear for men, women and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organisation. Varun who is working in the production department gave a suggestion which resulted in 10% reduction in the cost of production of shoes. He was rewarded for his suggestion. Identify the principle of management followed by Vanguard Inc.’ in the above case:

Answer: (C) Initative

2. ‘Child-O’ is a garment manufacturing company which makes clothes with unique and stylish designs for children. Naisha was working as the Human Resource Manager with ‘Child-O’. Inspite of good pay and many other benefits offered, the company is facing problem of high turnover of its employees. Naisha tried to find out the reason but could not. She appointed a person with the permission of the Chief Executive Officer to find out the reason. It was found that other organisations were giving more autonomy and authority to their employees which made them feel that their jobs were important.

Answer: (D) Employee Empowerment

3. ‘Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment’. Thus it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above :

Answer: (B) Complexity

4. Naman and Vineet were childhood friends and both were working in ‘Sunshine Crockery.’ Naman was working as the Chief Executive Officer while Vineet was the Production Manager. They would generally discuss company related issues over lunch-time or while travelling together.
The company had recently received an order for supply of 5,000 dinner sets from Shaurya Hotel. It was an unexpected order and would increase the revenue of the company. This order was communicated by Naman to Vineet over intercom. Vineet executed the order within the given time period. For this, he was appreciated by Naman. The type of communication used by Naman to
communicate the order to Vineet was:

Answer: (B) Informal Communication

5. Statement-I : The basic function of a Stock Exchange is the creation of a continuous market where securities
are bought and sold. Statement-II: The Stock Exchange provides both liquidity and easy marketability to already existing securities in the market. Choose the correct option from the following:

Answer: (C) Both the Statements are true.

6. As per Plastic Waste Management Rule 2022, single use plastic items were prohibited in Delhi from 1 July. 2022. The dimension of business environment referred to here is _______.

Answer: (B) Legal environment

7. Statement-I: Motivation can be either positive or negative.
Statement-II: Motivation is a complex process as the individuals are heterogeneous in their expectations, perceptions and reactions.
Choose the correct option from the following:
Answer: (C) Both the Statements are true.

8. Navya went to a supermarket for grocery shopping. She bought one kg of bajra flour from the supermarket. On reaching home when she opened the packet she found worms inside it. She was disappointed and told her son about the same. Her son asked her to check the label. When she checked the label of the packet, she found that bajra flour was stale and beyond the expiry date. She approached the sales-person at the supermarket who replaced the bajra flour immediately. When she thanked the sales-person, she was told that it was the policy of the supermarket to satisfy the customers. He further told that satisfied customers not only lead to repeat salesbut they also provide good feedback to prospective customers which helps in increasing the customer base of business. Identify the point of importance of consumer protection from the point of view of the supermarket which is helping them to increase the customer base:

Answer: (A) Long term interest of the business

9. Which of the following is not an element of social environment?

Answer: (C) Rates of saving and investment

10. Assertion (A): Availability of leasing facilities may reduce the funds required to be invested in fixed assets thereby reducing the fixed capital requirements.
Reason (R): When an asset is taken on lease, the firm pays lease rentals to use it and avoids to invest huge sums required to purchase it.

Answer: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

11. Match the terms given in Column-I with their meaning in Column-II.

Choose the correct option from the following:
Answer: (C) a – (ii), b – (iv), c – (i), d – (iii)

12. Kanand Ltd. is an automobile manufacturing company started in 2014 under ‘Make in India’ initiative of the Government of India. Expecting higher growth in future, it developed higher capacity in the current year taking advantage of the subsidies provided by the government. This would enable ‘Kanand Ltd.’ to meet anticipated higher demand quickly, For this, ‘Kanand Ltd.’ invested large amounts in fixed assets leading to higher requirements of fixed capital. Identify the factor affecting fixed capital requirements which ‘Kanand Ltd. kept in mind to meet higher anticipated demand quicker.

Answer: (D) Growth prospects

13. Many reputed business organisations keep a database of unsolicited applicants in their offices. Such job seekers can be a valuable source of manpower. A list of such job seekers can be prepared and can be screened to fill the vacancies as they arise. The source of recruitment discussed above is:

Answer: (A) Direct recruitment

14. Identify from the following – what is shown in the picture of refrigerator given below ?
Answer: (D) Label

15. Which of the following is NOT a factor affecting ‘financing decision’?
Answer: (D) Diversification
16. For holding securities in an electronic form, the investor has to open a demat account with an organisation called
Answer: (B) Securities and Exchange Board of India

Business Studies Answer Key 2024 Set 3

1. Naman and Vineet were childhood friends and both were working in ‘Sunshine Crockery. Naman was working as the Chief Executive Officer while Vineet was the Production Manager. They would generally discuss company-related issues over lunch-time or while traveling together.
The company had recently received an order for a supply of 5,000 dinner sets from Shaurya Hotel. It was an unexpected order and would increase the revenue of the company. This order was communicated by Naman to Vineet over the intercom. Vineet executed the order within the given period. For this, he was appreciated by Naman. The type of communication used by Naman to communicate the order Vineet was:

(A) Formal Communication agra
(C) Online Communication.
(B) Informal Communication
(D) Visual Communication

Answer: (B) Informal Communication

2. ‘Vanguard Inc.’, a company manufacturing footwear for men, women, and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organization. Varun who is working in the production department gave a suggestion which resulted in a 10% reduction in the cost of the production of shoes. He was rewarded for his suggestion. Identify the principle of management followed by Vanguard Inc.’ in the above case:
(A) Esprit De Corps
(B) Subordination of Individual Interest to General Interest
(C) Initiative
(D) Equity

Answer: (C) Initiative

3. Statement-1: Motivation can be either positive or negative
Statement-II: Motivation is a complex process as individuals are heterogeneous in their expectations, perceptions and reactions.
Choose the correct option from the following
(A) Statement-I is true and Statement-II is false.
(B) Statement-II is true and Statement I is false.
(C) Both the Statements are true.
(D) Both the Statements are false.

Answer: (C) Both the Statements are true.

4. Child-Q’ is a garment manufacturing company that makes clothes with unique and stylish designs for children. Naisha was working as the Human Resource Manager with Child-O’. In spite of good pay and many other benefits offered, the company is facing the problem of high turnover of its employees. Naisha tried to find out the reason but could not. She appointed a person with the permission of the Chief Executive Officer to find out the reason. It was found that other organisations were giving more autonomy and authority to their employees which made them feel that their jobs were important.

This way attracting the employees of ‘Child-O’ to other organisations. The incentive which attracted the is: employees of ‘Child-O’ to other organisations

(A) Employee Recognition programs
(B) Employee Participation
(C) Career Advancement Opportunity.
(D) Employee Empowerment

Answer: (D) Employee Empowerment

5. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

Assertion (A): Availability of leasing facilities may reduce the funds required to be invested in fixed assets thereby reducing the fixed capital requirements.
Reason (R): When an asset is taken on lease, the firm pays lease rentals to use it and avoids to invest huge sums required to purchase it.

(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A),
(B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the
correct explanation of Assertion (A),
(C) Assertion (A) is true but Reason (R) is false.
(D) Assertion (A) is false but Reason (R) is true.

Answer: A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

6. Which of the following is a factor affecting financing
(A) Fixed operating costs
(B) Cash flow position
(C) Control considerations
(D) Diversification

Answer: (D) Diversification

7. Which of the following is the function of Top level management ?
(A) They ensure that their department has the necessary personnel.
(B) They interact with the actual work force and pass on instructions of the middle management to the workers.
(C) They co-operate with other departments for smooth functioning of the organisation.
(D) They analyse the business environment and its implications for the survival of the firm.

Answer: (D) Analyse the business environment and its implications for the survival of the firm.

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BST Answer Key 2024 Set- 66/4/3

1. Read the following statements Assertion (A) and Reason (R). Choose the correct option from the given options.
Assertion (A) Amount of Earnings is a major determinant of the decision about dividend.
Reason (R): Dividends are paid out of current and past earnings.
Answer: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is correct explanation of Assertion (A).

2. Choose the incorrect statement with respect to levels of management from the following:
(A) Operational-level management is responsible for implementing and controlling plans and strategies developed by top management.
(B) At middle-level management, managers interpret the policies framed
by top management.
(c) At operational level management with the efforts of supervisors wastage of materials is minimised.
(D) At top-level management, managers are responsible for the welfare and survival of the organization.

Answer: (A) 

3. Merely allocating work is not enough. Each individual should also know who he has to take orders from and to whom he is accountable’. The above statement is related to one of the steps of organising process. Identify the step from the following:

(A) Identification and division of work
(B) Departmentalisation
(C) Assignment of duties
(D) Establishing authority and reporting relationship

Answer: (D) Establishing authority and reporting relationship

4. A multinational sweets and snacks company had been into catering business for the last many years. To add to its prospects and to grow in the long run, it wants to increase its sales volume, the number of products and capital investment.
The organizational objective of management it seeks to achieve is:

(A) Survival
(B) Profit
(C) Growth
(D) Corporate Social responsibility

Answer: (C) Growth

6.___________________- is the process by which a manager synchronises the activities of different departments.
(A) Management
(B) Planning
(C) Co-ordination
(D) Directing

Answer:(C) Co-ordination

Class 12 Business Studies Paper Analysis 2024

Now that the exam has been completed, students can review the CBSE Class 12 Business Studies paper analysis 2024, which evaluates their question papers, responses, and overall experience.We talked to the students who appeared in today’s as well as the teachers to know what they think about today’s exam paper.

Check out the complete CBSE Class 12 Business Studies exam analysis 2024 based on the students’ and experts’ reviews given below.

Student’s Review on Class 12 Business Studies paper 2024

• According to the students’ initial review, the question paper was in the easy to moderate range. The question paper did not present many obstacles for students.
• The MCQs and short answer style questions were moderately difficult; the rest of the paper was average.
• There were no questions that went beyond the syllabus. The removed syllabus 2024 has also been kept in consideration when designing the paper
• The majority of the questions took a practical approach, allowing students to retain what they had learned, apply numerous concepts, and put their theoretical knowledge into practice.
• The question paper wasn’t overly long. Three hours was enough to complete the full paper.
• The paper included application-based questions. In reality, the entire paper was structured so that it seems as competency-based questions with the use of theoretical notions.
• Almost all of the question paper sets were similar, with numbers shuffled between them.

Expert’s Review on Class 12 BST Paper 2024

• Experts stated that the question paper was neither too difficult nor too easy. Noted as a well-balanced paper.
• The MCQs were a mix of simple and difficult, and the short answer questions were average. The descriptive questions were moderately difficult.
• The best element of the paper was the nature of the questions, coupled with real-life applications to give it a realistic perspective.
• The question paper format was totally consistent with the sample paper released by the board.

Class 12 Business Studies Board Paper 2024 PDF

Here we have provided the CBSE Class 12 Business Studies question paper for all sets so that students find it easy to cross their responses with the BST answer key 2024. Download the Class 12 BST Board Paper 1014 PDF from the table below.

Class 12 Business Studies Answer Key 2024 & Paper Analysis

Answer Key Business Studies Class 12- Last year

1. The next step in the ‘Selection Process’ after ‘Selection Decision’ is

(A) Job Offer

(B) Medical Examination

(C) Selection Tests

(D) Contract of Employment

Answer: (C) Selection Tests

2. “The purpose of planning is to meet future events effectively to the best advantage of an organisation.’ This statement highlights which of the following features of planning?

(A) Planning focuses on achieving objectives.

(B) Planning involves decision-making

(C) Planning is the primary function of management.

(D) Planning is futuristic.

Answer: (D) Planning is futuristic.

3. Identify the External Source of Recruitment illustrated by the picture given below:

(A) Direct Recruitment

(C) Advertisement

(B) Casual Callers

(D) Labour Contractor

Answer: (C) Advertisement

4. ‘Cartoony Planet’ is a well-known indoor playground for organising parties for children in Noida. It has many play-stations and it organises various activities for the kids to enjoy. Looking at the increasing number of children visiting ‘Cartoony Planet’, a new indoor playground in the name of Tiny-Tots House’ came up with advanced swings, play stations and entertainment activities near ‘Cartoony Planet’.

To compete with the newly opened indoor playground, ‘Cartoony Planet’ also added some advanced swings and entertainment activities to attract more children.

The above information highlights one of the features of ‘Business Environment’. Identify the feature from the following:

(A) Uncertainty

(B) Dynamic Nature

(C) Relativity

(D) Interrelatedness

Answer: (B) Dynamic Nature

5. The obligation of a subordinate to properly perform the assigned duty is called

(A) Authority

(B) Responsibility

(C) Accountability

(D) Decentralisation

Answer: (B) Responsibility

6. ‘Dolma’ and ‘Una’ were gardeners with decades of hands-on experience. They were the first ones to recognise the need of indoor gardens specially for plant-lovers living in apartments. They took advantage of this opportunity and decided to offer beautiful designing ideas for indoor gardening through their innovative venture ‘My Space’.

‘My Space’ offered creative ideas like ‘Garden wall’, ‘Hanging Garden’, Window Garden’, ‘Book-shelf garden’ and many more. Since there were no competitors they soon became the market leaders in the field.

From the following points, identify the importance of Business- Environment highlighted above:

(A) Business Environment helps the firm to identify threats and early warning signals.

(B) Business Environment helps in tapping useful resources.

(C) Business Environment enables the firm to identify opportunities and getting the first mover advantage.

(D) Business Environment helps in assisting in planning and policy formulation.

Answer: (C) Business Environment enables the firm to identify opportunities and getting the first mover advantage.

7. ‘Digilocker’ is a flagship initiative of Ministry of Electronics and IT, Government of India. It aims at digital empowerment of the citizens by providing access to authentic digital documents such as academic certificates issued by different Examination Boards, Driving Licenses. Vehicle registrations etc. in a digital fromat.

The above para discusses a few dimensions of Business Environment. Identify the correct dimensions from the following:

(A) Economic Environment and Technological Environment

(B) Social Environment and Economic Environment

(C) Social Environment and Political Environment

(D) Political Environment and Technological Environment

Answer: 

8. Different organisations have different goals. ‘Zeepo’ is an upcoming retail chain for providing consumer goods door-to-door, the objective of this organisation is to increase sales. ‘Allie’ is an educational organisation working with an objective of providing education to under privileged children of the society. Management of each of these organisations unite the efforts of their employees towards achieving organisational goals.

The characteristic of management discussed above is :

(A) Management is goal-oriented.

(B) Management is a continuous process.

(C) Management is a dynamic function.

(D) Management is an intangible force.

Answer: (A) Management is goal-oriented.

9. ‘Whether the decisions have been translated into desired actions or not’ can be confirmed by performing which of the following function of management?

(A) Planning

(B) Organising

(C) Directing

(D) Controlling

Answer: (D) Controlling

10. Himanshu is working as a Marketing Manager’ in ‘Suvidit-Air- Conditioners’, a well known brand in the field of air-conditioners. Till last month the company was able to achieve its sales targets. But this month Himanshu observed that targets were not being met and the number of air-conditioners sold was decreasing. He analysed the situation and found that the new salesman appointed last month was not good and for this he took necessary action.

Which of the following function of management helped Himanshu to identify the decrease in sale?

(A) Planning

(B) Organising

(C) Directing

(D) Controlling

Answer: (D) Controlling

11. The activities whose outcome not only improves the job performance but also help individuals in the progress towards maturity and actualisation of their potential capacities is known as

(A) training.

(B) education

(C) development..

(D) performance appraisal.

Answer: (A) training.

12. Statement-I: The concept of product relates to not only the physical product but also the benefits offered by it from customer’s point of view.

Statement-II: The concept of product does not include the extended product by way of after sale services, availability of spare parts, handling complaints etc.

Choose the correct option from the following:

(A) Both Statement-I and Statement-II are correct.

(B) Both Statement-I and Statement-II are incorrect.

(C) Statement-I is correct and Statement-II is incorrect

(D) Statement-I is incorrect and Statement-II is correct.

Answer: 

13. Match the factors affecting fixed capital requirements given in the Column-I with their explanations given in Column-II :

14. refers to the increase in profit earned by the equity shareholders due to the presence of fixed financial charges like interest.

(A) Capital structure

(B) Earning per share

(C) Trading on equity

(D) Return on investment

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