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Important questions for Board exam of O.C.M (Organization of Commerce and Management)[2024]: Gujarat Board (GSEB) Class 12th Commerce [General stream]

Mastering OCM 🚀Important Statistics Questions for GSEB Class 12th Commerce Board Exam

Important questions for Board exam of O.C.M (Organization of Commerce and Management)[2024]: Gujarat Board (GSEB) Class 12th Commerce [General stream]​

As the Gujarat State Board Class 12 Commerce exam approaches, preparation for the OCM section becomes important. In this guide, we've put together top tips and important questions for Section B to Section F of the exam to help you not only pass, but excel.

Chapter Wise Allocation

2 Marks

CH – 1 Nature and significance of management

1. How does management benefit the society? (pg. – 3 )

2. Explain: management as science. (pg. – 3 )

3. Explain: management as art. (pg. – 3 )

4. Who are included in the top level management? (pg. – 5 )

5. What is co-ordination? (pg. – 9 )

6. Which are the main elements of marketing management? (pg. – 10 )

CH – 2 Principles of management

1. Principles of management are flexible – Suggest. (pg. – 19 )

2. What is ‘Rule of Thumb”?(pg. – 21 )

3. What is scientific management? (pg. – 22 )

4. Explain the principle of unity of command. (pg. – 24 )

CH – 4 Organizing

1. Diagram of functional organizing. (pg. – 40 )

2. Characteristics of formal Organisation. (pg. – 41 )

3. What is Matrix Organisation? (pg. – 42 )

4. When is decentralization possible? (pg. – 43 )

5. What is accountability? (pg. – 45 )

CH – 5 Staffing

1. What is recruitment? (pg. – 52 )

2. State the internal and external sources of recruitment. (pg. – 52 )

3. Explain the term ‘waiting list’. (pg. – 53 )

4. State the names of various types of test conducted for selection process.

5. Give the meaning of training. (pg. – 55 )

6. “Training is expensive but its absence is more so.” explain the statement. (pg. – 56 )

7. What is development? (pg. – 56 )

CH – 6 Directing

1. Define: Training, Supervision, Leadership, Motivation, Incentives.

2. Give the list of elements of direction. (pg. – 63 )

3. What are the modern means of communication? (pg. – 69 )

4. Audio visual method of communication. (pg. – 69 )

5. What is the effect of distrust and fear on communication? (pg. – 72 )

CH – 7 Controlling

1. Give the meaning of controlling. (pg. – 77 )

2. ‘Controlling is a continuous process’ -Explain. (pg. – 78 )

3. How is controlling an internal process? (pg. – 78 )

4. Which external factor jeopardize the very existence of a business. (pg.-78)

5. ‘Controlling is a dynamic process Explain. (pg. – 78 )

6. Planning is the father of controlling’ -Explain. (pg. – 80 )

CH – 8 Financial Management

1. Capital structure is a mixture of owner’s capital and debt. -Explain.

2. What is meant by optimum capital structure?

3. Working capital means circulating capital in business. -Explain. (pg. – 90)

4. Gross working capital and net working capital. (pg. – 91 )

5. What is production cycle? (pg. – 92 )

CH – 9 Financial Market

1. What is unorganized money market? (pg. – 101 )

2. What is the difference between call money and notice money? (pg.-102)

3. How does stock exchange provide liquidity element to securities? (pg- 104)

4. Stock exchange is a mirror indicating economic condition of the country how? (pg. – 104 )

5. What is dematerialization? (pg. – 105 )

6. Explain: a) Pay in b) Pay Out (pg. – 107 )

CH – 10 Marketing Management

1. What is marketing-mix? What it includes? (pg. – 118 )

2. State any two characteristics of branding. (pg. – 119 )

3. List out the advantages of labelling. (pg. – 120 )

4. Packaging makes product more attractive. Explain. (pg. – 120 )

5. Explain channels of distribution. (pg. – 121 )

6. What is the need of ‘storage of goods’? (pg. – 116 )

CH – 11 Consumer Protection

1. Write a note on the Principles of Trusteeship and Consumer Protection.

2. Explain about consumer’s exploitation. (pg. – 134 )

3. Write full form of – 1) CGSI 2) CUTS. (pg. – 139 )

CH – 12 Business Environment

1. When can there be an increase in per capita income (pg. – 147 )

2. Which aspects are included in fiscal policy? (pg. – 148 )

3. Full form of a) WTO b) GATT (pg. – 152 )

3 Marks

CH – 1 Business Environment

1. Nature of management. (pg. – 2 )

2. Discuss the importance of management. (pg. – 3 )

3. Explain : Management as a profession (pg. – 4 )

4. Draw a diagram of different levels of management (pg. – 5 )

5. Explain the functions of bottom level. (pg. – 6 )

6. Discuss the importance of co-ordination. (pg. – 10 )

7. Define marketing management and explain its functions (pg. – 10 )

8. Discuss the importance of human resource management. (pg. – 11 )

9. What are the functions of financial management (pg. – 12 )

CH – 2 Principles of management

1. Discuss about importance of the principles of management. (pg. – 19 )

2. Write a short-note on modern thoughts. (pg. – 21 )

3. Describe principal of scientific management. (pg. – 22 )

4. Discuss about Peter F. Drucker’s Contribution in management field. (pg.22)

CH – 4 Organizing

1. Explain characteristics of organising. (pg. – 37 )

2. Explain steps for the process of organisation. (pg. – 38 )

3. Explain linear organisation. (pg. – 38 )

4. Describe characteristics of Informal Organisation. (pg. – 41 )

5. Describe importance of decentralisation. (pg. – 43 )

6. Explain about Elements of delegation of authority. (pg. – 45 )

CH – 6 Directing

1. Explain the importance of direction. (pg. – 62 )

2. Explain the functions of supervision. (pg. – 63 )

3. What are the qualities of a good leader? (pg. – 68 )

CH – 7 Controlling

1. Is controlling an end activity of management, why? (pg. – 78 )

2. Controlling is not a negative function.’- Justify the statement. (pg. -78)

3. Explain the relation between planning and controlling. (pg. – 79 )

4. Planning and controlling are two sides of the same coin’ – Explain pg. -79

5. Corrective measures in controlling (pg. – 81 )

CH – 8 Financial Management

1. Characteristics of working capital (pg. – 81 )

2. Explain the concept of financial management through various definitions. (pg. – 84 )

3. Explain the objectives of financial management. (pg. – 85 )

4. Ideal capital structure (pg. – 88 )

5. Discuss the factors affecting the capital structure. (pg. – 89 )

6. Giving the definition explain the concept of working capital. (pg. – 90 )

7. State the factors affecting working capital (pg. – 92 )

8. Difference between fixed and working capital (pg. – 94 )

CH – 9 Financial Market

1. What is money market? State its characteristics. (pg. – 100 )

2. Instruments of money market. (pg. – 101 )

3. Give the meaning of capital market and clarify its characteristics.(102)

4. “Primary market means a market of new issued securities” – Explain and state the characteristics of primary market. (pg. – 103 )

5. What are the functions of stock exchange? (pg. – 104 )

6. Write a short Note on:

(A) Central Depository Services Limited (pg. – 105 )

(B) National Securities Depository Limited (pg. – 105 )

(C) SEBI (pg. – 107 )

CH – 10 Marketing Management

1. Explain the difference between selling and marketing (pg. – 117 )

2. Explain the selling concept in marketing management. (pg. – 118 )

3. Explain the factors affecting the price of a product. (pg. – 120 )

4. Explain in detail the role of advertisement. (pg. – 124 )

5. Objective against advertisement (pg. – 124 )

6. Mention the characteristics of a ‘good salesman’. (pg. – 125 )

7. Explain the sales-promotion techniques. (pg. – 125 )

8. Explain the role of public relation. (pg. – 126 )

CH – 12 Business Environment

1. Explain the meaning and importance of business environment. (pg. -145)

2. Give the meaning of business environment and list out the factors affecting business environment. (pg. – 146 )

3. Explain the social factors affecting business environment. (pg. – 148 )

4. Write notes on social and cultural factors affecting business environment. (pg. – 148 )

5. What is liberalization? What steps are taken by the Indian government as a part of liberalization? (pg. – 150 )

6. What is privatization? Write a note on effects of privatization. (Positive & negative). (pg. – 151 )

7. Positive and negative effects of Globalization. (pg. – 152 )

5 Marks

CH – 3 Planning

1. What is planning? Explain its characteristics. (pg. – 29)

2. Explain limitations of planning. (pg. – 30 )

3. Give the definition of planning and explain its process. (pg. – 31 )

4. Discuss types of plan. (pg. – 32 )

5. Explain elements or components of planning (pg. – 33 )

CH – 5 Staffing

1. What is the importance of staffing? (pg. – 51 )

2. What is recruitment? Internal & external sources of recruitment. (Pg. -53)

3. Explain the selection procedure. (pg. – 54 )

4. Difference between Training and Development. (pg. – 57 )

CH – 6 Directing

1. Direction & explain its characteristics. (pg. – 61 )

2. Maslow’s hierarchy of needs with diagram. (pg. – 65 )

3. Explain the Financial & Non-financial incentives. (pg. – 66 )

4. Distinguish between Formal & Informal Communication. (pg. – 71 )

5. Explain the barriers to effective communication (pg. – 71 )

CH – 11 Consumer Protection

1. Importance of Consumer Protection Act from view point of business. 133

2. Rights of consumers as per the Consumer Protection Act. (pg. – 134 )

3. Explain the responsibilities of consumers as per the Consumer Protection Act. (pg. – 135 )

4. Explain the 3-tier dispute settlement system as per the Consumer Protection Act. (pg. – 137 )

5. Which type of relief & compensation are available to the consumers as per the Consumer Protection Act. (pg. – 138 )

Instructions:

1: The above mention IMP questions are prepared as per blue print 2023-24.

2: Give more importance to this IMP questions.

3: This above IMP question are according to intelligence and past experience of papers, Prepare other questions also from text book after this.

Tips for Scoring good marks:

1. Consistent Revision Regularly revisit your notes and practice questions. Consistent revision reinforces your understanding and boosts confidence. Aim for short, focused study sessions to maximize retention.

2. Mock Exams
Simulate exam conditions by taking mock exams. This not only familiarizes you with the exam format but also helps manage time effectively. Identify weak areas and revise accordingly.

3. Stay Calm and Confident As the exam day approaches, stay calm. Believe in your preparation and abilities. A confident mindset can make a significant difference in your performance.

Supporting the Learning Process

1. Online Resources Explore online platforms for additional resources. Interactive videos, practice quizzes, and explanatory articles can provide a fresh perspective and enhance your understanding.

2. Study Groups Joining a study group can be beneficial. Discussing concepts with peers helps reinforce your learning and provides different viewpoints on complex topics.

Conclusion

By incorporating these strategies into your preparation, you're not just aiming to pass the Gujarat Board Class 12th Commerce exam; you're setting the stage for success. Remember, mastering accountancy is not just about clearing an exam—it's about acquiring skills that will serve you in the real world. Best of luck on your journey to academic excellence!