Practice Papers are being provided here for a thorough revision. Business Organisation is one of the most important subjects for class 12th students of UP board. Therefore, students should prepare this for sure.


The sample paper is especially being prepared for the students by the in-house experts. Practising these questions will hopefully give a positive result.


Question 1: Define Entrepreneur
A) An individual who, rather than working as an employee, founds and runs a small business.
B) A person who is contractually bound to a worker.
C) An individual who was hired by an employer to do a specific job.
D) An individual who works part-time or full-time under a contract of employment. 
Correct Answer: A


Question 2: Fill in the blanks.
A Business organisation refers to any ____, _____ or _____ organisation which produces goods and or services for sale, or engages in distributing or assists in the process thereof.
A) Industrial, commercial or Service
B) School, college or university.
C) Military, Police or public service commision.
D) Tea, Coffee or Wine
Answer: A)


Question 3: What are the components of Business Organisation?
A) Teacher, Professor and Dean University.
B) Management, Structure, Human Resource and Competitors.
C) Wrestlers, Boxer and Police officials.
D) Auto rickshaw, Train and Aeroplane. 
Answer: B)


Question 4: What do you mean by Debenture?
A) A type of bird.
B) A number of specialised financial institutions.
C) An instrument which acknowledges the debt of a firm.
D) The commitment of capital as shareholding.
Answer: C)


Question 5: Who is the 25th Reserve Bank of India or RBI governor?
A) Hasmukh Adhia
B) Raghuram Rajan
C) Urjit Patel
D) Shaktikanta Das
Answer: D)


Question 6: Fill in the blanks.
IDBI stands for _________.
A) Indian Development Book of India
B) Industrial Development Bank of India
C) Indus Diva Bank of India
D) Indus Dhoni Bank of India
Answer: B)

 
Question 7: What do you mean by Amalgamation?
A) Bright ideas, stunts and slogans to popularize goods.
B) An agreement which is made with a view to improving the profit.
C) Group of two or more companies.
D) Creation of a new company by a complete consolidation of the combining units two or more companies.
 

Question 8: Fill in the blanks.
National Stock Exchange (NSE) was set up on _______.
A) November 27, 1962
B) November 27, 1982
C) November 27, 1992
D) November 18, 1992
Answer: C)


Question 9: What is the full form of MRTP Act?
A) Monopolies and Restrictive Trade Practice (MRTP) Act
B) Monopoly and Restrictive Trade Practice (MRTP) Act
C) More and Repeated Trade Practice (MRTP) Act
D) Monopolies and Recurring Trade Practice (MRTP) Act
 
 
Question 10: Fill in the blanks.
 
A _______ is a snapshot of a business's financial condition at a specific moment in time.
A) Balance Sheet
B) Brochure
C) Souvenir
D) Agreement