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Business Studies · 2024 · 3 marks
CBSE 2024 · Region 1 · Set 2 · Q24
consequently larger fixed capital. State any three features of business environment.
consequently larger fixed capital.
State any three features of business environment.
OR
State any three features of 'Demonetization'.
Marking-scheme solution
(a)
Features of business environment are:
(i)
Business environment is the sum total of all factors/things
external to business firms and, as such, is aggregative in
nature.
(ii)
Business environment includes both specific such as
customers, investors, etc and general forces such as
political, social, etc.
(iii)
Different elements or parts of business environment are
closely inter-related.
(iv)
Dynamic nature: Business environment is dynamic and
keeps on changing whether in terms of technological
improvement, shifts in consumer preferences , etc
(v)
Business environment is uncertain as it is very difficult to
predict future happenings, especially when environment
changes are taking place too frequently
(vi)
Business environment is complex as it consists of numerous
interrelated and dynamic conditions or forces that are
relatively easier to understand in parts but difficult to grasp
in its totality.
(vii)
Business environment is a relative concept since it differs
from country to country and even region to region.
OR
Q(b). State any three features of 'Demonetization'.
(b)
. Features of demonetization are:
(i)
Demonetisation is viewed as a tax administration measure and
people with black money had to declare their unaccounted wealth
and pay taxes at a penalty rate.
(ii)
Demonetisation is also interpreted as a shift on the part of the
government indicating that tax evasion will no longer be tolerated or
accepted.
(iii)
Demonetisation led to tax administration channelizing savings
into the formal financial system, to enable banks with deposits to
provide a base loans, at lower interest rates.
(iv)
It creates a less-cash or cash-lite economy, i.e., channelising
more savings through the formal financial system and improving tax
compliance.
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CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.