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Business Studies · 2024 · 3 marks
CBSE 2024 · Region 1 · Set 1 · Q21
State any three features of business environment.State any three features of ‘Demonetization’.
State any three features of business environment.
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.
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 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.