📘 Class 12 Business Studies – Sample Paper

Chapter 3: Business Environment

🔷 Section A – Very Short Answer Questions (20 Marks)

Q1 – Q20 (1 × 20 = 20 marks)

Answer in one line.

Q1. What is meant by business environment?
Q2. Name any one dimension of business environment.
Q3. What is economic environment?
Q4. What is social environment?
Q5. What is political environment?
Q6. What is legal environment?
Q7. What is technological environment?
Q8. What is liberalisation?
Q9. What is privatisation?
Q10. What is globalisation?
Q11. When were economic reforms introduced in India?
Q12. Name any one feature of liberalisation.
Q13. What is disinvestment?
Q14. What is WTO?
Q15. What is foreign direct investment (FDI)?
Q16. What is demonetisation?
Q17. What is business uncertainty?
Q18. What is environmental scanning?
Q19. What is impact of technology on business?
Q20. Name any one objective of economic reforms.

🔷 Section B – Short Answer Questions (20 Marks)

Q21 – Q26 (3 × 6 = 18 marks)

Answer in 60–80 words.

Q21. Explain the meaning of business environment.
Q22. Explain any three features of business environment.
Q23. Describe the economic environment of business.
Q24. Explain the impact of liberalisation on Indian business.
Q25. Explain the concept of globalisation.
Q26. Why is understanding business environment important for business firms?

🔷 Section C – Long Answer Questions (30 Marks)

Q27 – Q29 (6 × 3 = 18 marks)

Q27. Explain the importance of business environment.
OR
Explain the features of business environment.

Q28. Explain the impact of government policy changes on business and industry.
OR
Explain the economic reforms introduced in India.

Q29. Explain the various dimensions of business environment.

🔷 Section D – Case Study Based Question (10 Marks)

Q30.

After the introduction of economic reforms in 1991, many Indian companies faced increased competition from foreign firms. To survive and grow, businesses adopted new technologies, improved quality, reduced costs, and focused on customer satisfaction.

Questions:

a) Identify the government policy referred to in the case. (2 marks)
b) Name any two components of this policy. (2 marks)
c) State any two impacts of this policy on Indian business. (4 marks)
d) Why is business environment considered dynamic? (2 marks)