Business Studies
Syllabus
Foundations of Business, Business, Trade, and Commerce, Forms of Business Organisation, Public, Private and Global Enterprises, Business Services, Emerging Modes of Business, Social Responsibilities of Business and Business Ethics, Formation of a Company, Sources of Business Finance, MSME and Business Entrepreneurship, Internal Trade, International Business.
Marking scheme
| Section |
Number of Questions |
| Business Studies |
45 |
| High Order Thinking (HOT) |
5 |
- The Olympiad exam will have a total of 50 questions as per
the table above.
- 1 Mark shall be given for every correct answer.
- There shall be no Negative marking.
- Students shall be given 60 minutes to complete the test.
- Percentile Ranks shall be given to all students.
- Toppers shall be decided from the top percentile ranks on the basis of raw scores and
time taken by the student to complete the exam.
Sample Questions
Q.1 Which activity is NOT associated with the primary objective of business?
- a. Generating revenue
- b. Profit maximization
- c. Producing goods
- d. Donating to charity
Q2 Which type of partnership is formed for a specific purpose and ends when the purpose is fulfilled?
- a. General partnership
- b. Limited partnership
- c. Particular partnership
- d. Nominal partnership
Q.3 What type of bank provides credit to rural and agricultural sectors?
- a. Commercial banks
- b. Cooperative banks
- c. Central banks
- d. Development banks
Q.4 ________ integrates various business functions such as accounting, HR, and supply chain into one system.
- a. EDI
- b. ERP
- c. BPO
- d. Cloud computing
Q.5 What type of contract is signed before the incorporation of a company?
- a. Provisional Contract
- b. Preliminary Contract
- c. Statutory Contract
- d. Articles of Agreement
Q.6 Which type of retailer operates under the principle of self-service?
- a. Departmental stores
- b. Supermarkets
- c. General stores
- d. Specialty shops
Business Studies
Syllabus
Nature and Significance of Management, Principles of Management, Business Environment, Planning, Organising, Staffing, Directing, Controlling, Financial Markets, Marketing, Consumer Protection, Financial Management.
Marking scheme
| Section |
Number of Questions |
| Business Studies |
45 |
| High Order Thinking (HOT) |
5 |
- The Olympiad exam will have a total of 50 questions as per
the table above.
- 1 Mark shall be given for every correct answer.
- There shall be no Negative marking.
- Students shall be given 60 minutes to complete the test.
- Percentile Ranks shall be given to all students.
- Toppers shall be decided from the top percentile ranks on the basis of raw scores and
time taken by the student to complete the exam.
Sample Questions
Q.1 Management as a ______ refers to its universal applicability across organizations.
- a. Discipline
- b. Skill
- c. Technique
- d. Trade
Q2 What is a limitation of planning in dynamic environments?
- a. Promotes innovation
- b. Leads to rigidity
- c. Reduces uncertainty
- d. Improves resource utilization
Q.3 Which of the following best defines "organising"?
- a. Setting objectives for the organization
- b. Arranging resources and tasks to achieve objectives
- c. Monitoring and evaluating performance
- d. Recruiting and training employees
Q.4 Which leadership style involves centralizing authority and making decisions unilaterally?
- a. Democratic leadership
- b. Autocratic leadership
- c. Laissez-faire leadership
- d. Transformational leadership
Q.5 Match the following regulatory bodies with their functions: Regulatory Body Function
a) SEBI i) Regulates the stock market
b) RBI ii) Monitors banking and monetary policy
c) NABARD iii) Oversees rural development and agriculture
d) IRDAI iv) Regulates the insurance sector
- a. a-i, b-ii, c-iii, d-iv
- b. a-ii, b-i, c-iv, d-iii
- c. a-iii, b-iv, c-i, d-ii
- d. a-iv, b-ii, c-iii, d-i
Q.6 The ______ ratio helps assess a company’s ability to meet short-term obligations.
- a. Debt-equity
- b. Current
- c. Inventory turnover
- d. Profitability
