Maharashtra Board Class 12 Organisation of Commerce and Management Important Questions 2027 (Repeated in Board Exams)

Attempt : Explain any five Henry Fayol's principles of management.

Match the pairs : Group 'A' - (a) Principle of 'Unity' in Direction (b) Pipeline transport (c) Registration (d) Economic objective (e) King of the market ; Group 'B' - (1) Last step (2) Consumer (3) One head-one plan (4) Petroleum and gas (5) To maintain solvency and prestige (6) Socialist (7) Proper division of all activities (8) Western Union Money Transfer (9) To earn profit (10) First step

Explain the following term / concept : Time study

Justify the following statement : Principle of equity is important.

Attempt : Explain any five principles of scientific management.

Explain the following term / concept : Management

Select the correct option : _____ is regarded as the Father of Scientific Management. (a) Henry Fayol (b) F.W. Taylor (c) Philip Kotler

Attempt : Explain nature of principles of management.

Justify the following statement : Principles of management are flexible in nature.

Select the correct option : The functions of management end with _____. (a) directing (b) staffing (c) controlling

State whether true or false : Co-operation is not necessary for smooth flow of organizational activities.

Justify the following statement : Planning is the first function of management.

Give one word / phrase / term : An art of exchanging ideas, facts, information, etc. from one person or entity to another.

Explain the following term / concept : Staffing

Explain the following term / concept : Directing

Justify the following statement : 'Right person at right job with right pay' is the basic principle of staffing.

State whether true or false : Every function of management is not based on planning.

Explain the following term / concept : Communication

Distinguish between : Organising and Staffing

Arrange in proper order : Controlling, Organizing, Planning

Explain the following term / concept : Organizing

Find the odd one : Writing, Planning, Organising, Staffing

Study the case and express your opinion : In XYZ company, Mr. Lele gives instructions to the employees working under him, provides guidance and motivates them for their best performance. On the other hand Mr. Sayyad takes effort to harmonize the work done by the employees of different departments while achieving organizational goals. Mr. Desai is looking after the arrangement of required resources to the business organization. Mention the name of employee engaged in following functions : (i) Organising (ii) Directing (iii) Co-ordinating

Attempt : Explain the functions of an entrepreneur.

Attempt : Explain the characteristics of an Entrepreneur.

Select the correct option : Start-up India is an initiative of the _____ (a) RBI (b) Government of India (c) World Bank

Study the case and express your opinion : Mr. Anil is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and two daughters aged 5 and 8 years old. (a) Can Mr. Anil take a life insurance policy for his wife and two daughters? (b) Can Mr. Anil take a marine insurance policy for his factories? (c) Which type of insurance should Mr. Anil take for protecting his factories from loss due to fire?

Distinguish between : Road Transport and Rail Transport

Select the correct option : Air transport is _____ mode of transport. (a) the cheapest (b) the costliest (c) free

Answer in detail : What is a warehouse? Explain various types of warehouses.

Distinguish between : Life Insurance and Fire Insurance.

Explain the following term / concept : Warehousing

Select the correct option and complete the table [E-business, Apex bank of the country, Responsibility towards Government, 2019, Warehouse] : _____ - Time and place utility

Select the correct option : Principle of _____ is not applicable to life insurance. (a) insurable interest (b) utmost good faith (c) indemnity

Answer in detail : What is Bank? Explain primary functions of commercial banks.

Find the odd one : NABARD, RBI, SIDBI, EXIM

Explain the following term / concept : Insurance

Select the correct option : _____ warehouses provide facilities for perishable commodities. (a) Bonded (b) Cold Storage (c) Government

Find the odd one : Primary credit co-operative society, State co-operative bank, District co-operative bank, Exchange bank.

Answer in detail : What is Bank? Explain different types of Banks.

State whether true or false : Current Account is opened by salaried persons.

Select the correct option : Banks provide overdraft facility to _____ account holders. (a) saving (b) current (c) fixed deposit

Study the case and express your opinion : Ajay purchases some gift articles online from www.flipkart.com. At the same time Jyoti purchases gift from e-bay.com. (a) Which website is related to C2C? (b) Which website is related to B2C? (c) Which first step in online transaction does Ajay need to follow?

Select the correct option : For online transaction _____ is required. (a) registration (b) trading (c) business

Find the odd one : Debit card, Credit card, Aadhar card, ATM card

Give one word / phrase / term : The transaction which is done with the help of internet.

Justify the following statement : E-business allows user to work across the globe in any field.

Justify the following statement : It is easy to set up e-business as compared to traditional business.

Study the case and express your opinion : Mr. Suresh made his payment by cheque. At the same time Mr. Saksham made his payment by fund transfer. (a) Whose payment is faster? (b) Whose payment is related to traditional business? (c) Whose payment is related to e-business?

Distinguish between : E-business and E-commerce.

Select the correct option : The process of contracting a business function to someone else is called as _____ (a) outsourcing (b) trading (c) E-business

Find the odd one : B2B, B2C, A2Z, C2C

Answer in brief : Explain any four rights of consumers.

Distinguish between : District Commission and State Commission

Explain the following term / concept : Public interest litigation (Janahit Yachika)

Distinguish between : State Commission and National Commission

Justify the following statement : Aim of consumer organizations is to protect the rights of the consumers.

Give one word / phrase / term : The right of consumer which is about safety and protection to his life and health.

Justify the following statement : Consumer organisations and NGOs play an important role in consumer protection.

Select the correct option and complete the table [E-business, Apex bank of the country, Responsibility towards Government, 2019, Warehouse] : _____ - Consumer Protection Act

State whether true or false : Lok Adalat can rightly be described as people's court.

Find the odd one : District Commission, State Commission, NGO, National Commission.

State whether true or false : Consumer Protection Act provides protection to the producer.

Correct the underlined word and rewrite : In India, sellers are widely scattered and not united.

Arrange in proper order : District Judge, Supreme Court Judge, High Court Judge

Distinguish between : District Commission and National Commission

Answer in brief : Explain any four needs of consumer protection.

Justify the following statement : Consumers have many responsibilities.

Explain the following term / concept : Lok Adalat

Select the correct option : The president of District Consumer Commission is a _____. (a) District Judge (b) High Court Judge (c) Supreme Court Judge

State whether true or false : The term market is derived from the Latin word 'mercatus.'

Answer in detail : What is marketing? Explain different functions of marketing.

Attempt : Explain importance of marketing to the consumers.

Attempt : Explain the importance of marketing to the society.

Answer in detail : What is Marketing? Explain 7 Ps of Marketing Mix.

Answer in brief : Explain types of market on the basis of Area covered and on the basis of Time.

Select the correct option : Retail market is the market where retailer sells goods directly to the _____ in small quantities. (a) producer (b) wholesaler (c) consumer

Find the odd one : Price, People, Promotion, Product

Answer in brief : Explain 4Ps of product marketing mix.

Find the odd one : Stock Exchange, Foreign Exchange, Bullion Market, Manufactured goods market.

Explain the following term / concept : Packaging and Labelling

Study the case and express your opinion : Sanjyot Co. Ltd. is providing facilities for their female staff like day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions though they are members of trade union. (a) By doing this activity they are following social responsibility towards which interest groups? (b) Write any one facility provided by the company to their employees. (c) What kind of responsibility employer follows in above case?

Select the correct option : The term 'Ethics' is derived from the _____ word 'ethos.' (a) Latin (b) French (c) Greek

Study the case and express your opinion : An organisation manufacturing paints has been enjoying a prominent market position since many years. It has been dumping its untreated poisonous waste on the river bank, which has created many health problems for the nearby villages. (a) Which responsibility is neglected by the manufacturing organisation? (b) What kind of pollution they are doing? (c) Write any one precautionary measure they need to take.

Select the correct option : Businessmen are _____ of the society. (a) representatives (b) members (c) trustees

Find the odd one : Job security, Health and safety measures, Good working condition, Reasonable profit.

Select the correct option and complete the table [E-business, Apex bank of the country, Responsibility towards Government, 2019, Warehouse] : Timely payment of taxes - _____

Answer in brief : Explain any four responsibilities of business towards government.