In NCERT Class 12 Business Studies Chapter 1, titled "Nature and Significance of Management", students explore the foundational concepts of management. This chapter delves into the meaning, characteristics, and importance of management, along with its objectives and the role it plays in achieving organizational goals. It also highlights the functions of management and the nature of management as both an art and a science.
This article provides a comprehensive resource for exam preparation. It includes sample MCQs and subjective questions for CBSE and CUET, alongside downloadable PDFs of Class 12 Business Studies Chapter 1 MCQs and previous year questions for detailed practice of NCERT Class 12 Nature and Significance of Management.
NCERT Class 12 Business Studies Chapters
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NCERT Class 12 Business Studies Chapters
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Class 12 Business Studies Chapter 1 MCQs
This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Business Studies Chapter 1: Nature and Significance of Management. For the full set of 50 questions, download the PDF using the link provided below.
1- Akash works as a production manager in ‗Elite Enterprises‘ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ Rs. 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ Rs. 220 per unit.
Identify from the following whether Akash is:
(a) Efficient only (b) Effective only
(c) Both efficient and effective (d) Neither efficient nor effective
2. Manager of ABC Ltd is able to produce target production of 10,000 units but at a higher production cost, this indicates:
(a) Manager was efficient (b) Manager was efficient and effective both
(c) Manager was effective but not so efficient (d) Manager was neither efficient nor effective
3. Statement I: Management is multi-dimensional.
Statement II: The activities involved in managing an enterprise are common to all organisations whether economic, social or political.
Choose the correct option from the options given below:
(a) Statement I is true and II is false. (b) Statement II is true and I is false.
(c) Both the statements are false. (d) Both the statements are true.
4. The management of a bag manufacturing company has recently changed. Due to this, an improvement can be felt in the way company functions. Now, targets are met according to plans, whereas, earlier deadlines were never given importance. Now there is orderliness, instead of chaos in the organisation and the employees are happy and satisfied.
From the following identify the characteristic of management which is highlighted in the above case:
(a) Management is dynamic. (b) Management is a continuous process.
(c) Management is a group activity. (d) Management is an intangible force.
5. Neeraj is the Director of ‗Tulip Public School‘ having 2000 students. There are two Headmasters one for Senior classes and another for Junior classes. 50 teachers are under the supervision of the Senior Headmaster and 60 teachers under the supervision of the Junior Headmaster. No teacher working under the supervision of the Senior Headmaster is happy and satisfied, which is affecting the result of the Senior classes. On the other hand the teachers working under the supervision of the Junior Headmaster are performing their duties willingly and achieving their objectives. All the teachers are happy and satisfied. The Director, Neeraj can feel how nicely the Junior Headmaster was managing his classes.
The characteristic of management discussed above is:
(a) Management is a goal-oriented process (b) Management is a dynamic function
(c) Management is an intangible force (d) Management is a continuous process
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Class 12 Business Studies Chapter 1 Subjective Questions Without Solutions
This question bank includes previous years' CBSE subjective questions (2 marks and above) without solutions, along with expert-curated questions. Below are 5 sample subjective questions for Class 12 Business Studies Chapter 1: Nature and Significance of Management. To access all questions, download the PDF from the link provided below.
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CBSE Business Studies – Previous Year Questions
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Due to his goodwill in the market, he did not want to lose the order. So, he decided to achieve the target by operating on double shifts. He achieved the target and supplied the order within two days. But due to double shifts, his cost of production was higher than the regular production cost.
Identify and give the meaning of the two concepts of management discussed in the above paragraph.
(CBSE 2023, 3M)
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| Q2. |
Mita has a successful ice cream business at Bikaner, namely ‘Smartflavours’. Her ice creams are utterly delicious. She makes ice creams from fresh milk, and they are available in a wide range of flavors and packs. She sets viable business objectives and works with them in mind to ensure that customers will return for purchases.
Having the first-mover advantage, her business was doing well. To earn higher profits, she started cutting costs. This sometimes led to delays in delivery, and the ice cream was not reaching the market in time. Over a period, the demand for her ice cream declined, and competitors entered the market. She lost some of her market share to competitors.
At the beginning of the summer season, she received back-to-back orders for the supply of 4,000 ice cream packs of different flavors for special occasions. To ensure that the task was completed and orders were delivered on time, she hired additional workers. She was able to produce and deliver the ice cream packs but at a high production cost. While completing activities and finishing the given task for achieving goals, Mita realized that she was ignoring one of the important aspects of management.
Identify the aspect of management that has been ignored by Mita. Also, explain the same with the help of an example.
(CBSE 2019, 3M)
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Management is a complex activity that has three main dimensions.
Explain these dimensions.
(CBSE 2019, 3M)
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| Q4. |
Explain any five characteristics of ‘Management’.
(CBSE 2019, 5M)
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| Q5. |
Explain the following characteristics of management:
(i) Management is a goal-oriented process
(ii) Management is a continuous process
(iii) Management is all-pervasive
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NCERT Commerce Subjects
Sub Areas of Chapter 1: Nature and Significance of Management
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Chapter Name
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Sub Topics
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Nature and Significance of Management
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1.1 Introduction
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1.2 Characteristics of Management
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1.3 Objectives of Management
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1.4 Importance of Management
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1.5 Levels of Management
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1.6 Functions of Management
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1.7 Management as an Art
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1.8 Management as a Science
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1.9 Management as a Profession
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Review of NCERT Class 12 Business Studies Chapter 1
In NCERT Class 12 Business Studies Chapter 1, "Nature and Significance of Management," students learn about the fundamental principles of managing organizations. This chapter explains the characteristics, objectives, and importance of management in achieving efficiency and effectiveness.
Mastering this chapter lays the foundation for understanding advanced management concepts. By practicing MCQs and subjective questions, students can strengthen their preparation for CBSE, CUET, and other competitive exams.
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