Business Studies MCQs for CBSE Class 11th and 12th

Business Studies MCQs: Business Studies, a key Commerce subject, delves into diverse areas like business, marketing, finance, economics, accountancy, and organizational studies. It extends beyond mere profit-making, emphasizing the significance of informed decision-making to strike a balance between financial pursuits and enhancing individual well-being.

Top 20 Business Studies MCQs With Answers

1. Production
2. Social service
3. Bartering
4. Trading in goods

1. Production of goods
2. Distribution of goods
3. Services for personal use
4. Work for wages in a factory

1. Innovation
2. Risk-taking
3. Social responsibility
4. All of the above

1. Primary
2. Secondary
3. Tertiary
4. Quaternary

1. Retailing
2. Advertising
3. Warehousing
4. Wholesale

1. Employment
2. Business
3. Entrepreneurship
4. Profession

1. Technological changes
2. Economic stability
3. Natural disasters
4. Effective marketing

1. Commercial industries
2. Primary industries
3. Secondary industries
4. Tertiary industries

1. Social responsibility
2. Funding charitable activities
3. Providing dividends to shareholders
4. All of the above

1. Commerce encompasses trade and auxiliaries to trade.
2. It includes activities beyond the domestic market.
3. Commerce has a broader scope than business.
4. Commercial activities solely involve the exchange of goods.

1. Planning
2. Staffing
3. Cooperating
4. Controlling

1. Top-level managers
2. Middle-level managers
3. Operational management
4. All of the above

1. An art
2. A science
3. Both art and science
4. None of the above

1. Functional structure
2. Divisional structure
3. Formal organization
4. Informal organization

1. Retention of decision-making authority
2. Dispersal of decision-making authority
3. Creating division as a profit center
4. Opening new branches

1. Authority
2. Manpower
3. Incentives
4. Promotion

1. Delegated organization
2. Divisional organization
3. Functional organization
4. Autonomous organization

1. Top-level managers
2. Middle-level managers
3. Operational management
4. All of the above

1. Decoding
2. Communication
3. Channel
4. Receiver

1. Media
2. Encoding
3. Feedback
4. Decoding

Business Studies MCQs for Class 11th and 12th Preparation Tips

• Understanding Question Structure: Begin by carefully reading the question. Identify key terms and concepts mentioned, ensuring a clear grasp of what is being asked in the Business Studies MCQ.
• Thorough Content Familiarity: Build a strong foundation in Business Studies topics. A comprehensive understanding of business, Marketing , Finance , Economics , Accountancy , and Organizational Studies is essential for tackling a variety of MCQs.
• Focus on Keywords: Pay attention to specific keywords in each MCQ. These words often provide clues or direct you towards the correct answer. Familiarity with business terminology is crucial.
• Elimination Strategy: If uncertain, use the elimination method. Rule out options that seem incorrect, increasing the probability of selecting the right answer. This strategy can be particularly effective when faced with challenging choices.
• Practice Regularly: Consistent practice with a variety of Business Studies MCQs hones your analytical skills and boosts your confidence in tackling different question formats.
• Reviewing Answer Choices: After selecting an answer, revisit the choices to confirm your decision. This additional step helps catch any potential errors and ensures greater accuracy.
• Understanding Concepts Behind Questions: Don't merely memorize answers; comprehend the underlying concepts. This knowledge proves beneficial when facing variations of questions that test your application of business principles.
• Mock Tests and Timed Practice: Simulate exam conditions by taking mock tests. This helps in developing time-management skills, ensuring you can navigate through questions efficiently during the actual examination.
• Seek Clarification: If uncertain about certain concepts, seek clarification from teachers, classmates, or reliable study resources. A clear understanding of fundamental concepts is key to success in Business Studies MCQs.
• Reflect and Learn from Mistakes: After attempting practice sets or mock exams, analyze incorrect answers. Understand the reasons behind mistakes and learn from them, refining your approach for subsequent attempts. This iterative process strengthens your overall problem-solving skills.

Also Read: Class 11 Business Studies Project, Guidelines and Marking Scheme