MCQ Questions Chapter 4 Planning Class 12 Business Studies

Please refer to MCQ Questions Chapter 4 Planning Class 12 Business Studies with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 12 Business Studies issued for the current academic year. We have provided MCQ Questions for Class 12 Business Studies for all chapters on our website. Students should learn the objective based questions for Chapter 4 Planning in Class 12 Business Studies provided below to get more marks in exams.

Chapter 4 Planning MCQ Questions

Please refer to the following Chapter 4 Planning MCQ Questions Class 12 Business Studies with solutions for all important topics in the chapter.

Question. Which one is not the characteristic of rules:
(a) Rules are rigid
(b) Violation of rules is punishable
(c) Following rule is voluntary
(d) Rule is a sort of order

Question. When can the planning process be ignored?
(a) In ordinary situation
(b) In case of emergency
(c) Both the above
(d) In no situation

Question. Which out of the following policies will you recommend?
(a) Strict
(b) Lenient
(c) Both (a) and (b)
(d) None of these

Question. Planning is helpful in increasing ________ .
(a) Cost
(b) Loss
(c) Efficiency
(d) None of these

Question. Planning is the ________ function of management.
(a) First
(b) Second
(c) Third
(d) Fourth

Question. What out of the following is the focus of planning?
(a) Budget
(b) Objectives
(c) Programme
(d) Rules

Question. What resources are specially kept in view in planning?
(a) Limited
(b) Unlimited
(c) Both (a) and (b)
(d) None of these

Question. ________ is the essence of Planning.
(a) Organising
(b) Controlling
(c) Forecasting
(d) Directing

Question. What out of the following is the example of objective?
(a) Raising sales upto ™5000 crore
(b) Giving employment to 1000 people
(c) Raising income by 3%
(d) All of these

Question. What do we call the quantitative details of expected results?
(a) Rule
(b) Programme
(c) Procedure
(d) Budget

Question. ________ gives a complete detail of doing a particular activity.
(a) Procedure
(b) Budget
(c) Programme
(d) Method

Question. Planning is a process:
(a) Periodic
(b) Continuous
(c) Casual
(d) Annual

Question. District level Panchayats are known as
(a) Panchayat Samiti
(b) Gram Panchayat
(c) Zilla Parisad
(d) None of these.

Question. When a country develops :
(a) Per capita income rises
(b) specialization increases
(c) Urbanization rises 
(d) All of the above

Question. Panchayats are constituted for
(a) Four years
(b) Five years
(c) Six years
(d) None of these.

Question. Which of the following is not a feature of Indian planning
(a) Development planning
(b) Indicative planning
(c) Democratic planning
(d) Centralized planning

Question. Engagement of local people in development project refers to
(a) Economic Development
(b) Social Development
(c) Participatory Development
(d) Sustainable Development.

Question. Punishment can be awarded for not following a particular element of planning. Name the element.
(a) Procedure
(b) Policy
(c) Rule
(d) Programme

Question. “The basis of promotion of employees will be age.” With which policy is this statement related?
(a) Personnel
(b) Sale
(c) Pricing
(d) None of these

Question. At what managerial level planning is needed?
(a) Top level
(b) Middle level
(c) Lower level
(d) All the levels

Question. Rules are ________ details.
(a) Special
(b) General
(c) Uncommon
(d) None of these

Question. “In case the debts are not paid within a month interest at a definite rate will be levied.” To what element of planning does this saying point out?
(a) Policy
(b) Rule
(c) Procedure
(d) Budget

Question. It is not the feature of budget:
(a) Budget creates illusion
(b) Budget is an element of planning
(c) Budget relates to planning and control
(d) Budgets are object oriented

Question. Which of the following is not the internal element of limitation of Planning?
(a) Capital
(b) Raw material
(c) Increase in population
(d) Machine

Question. ‘Smoking is prohibited in the factory’ what element of planning does it exemplify?
(a) Policy
(b) Rule
(c) Procedure
(d) Method

Question. Which one of the following is not a step of planning:
(a) To forecast
(b) Establishing objectives
(c) Valuation of objectives
(d) Induction of employees on the job

Question. Planning results in decreasing ________ .
(a) Coordination
(b) Proper use of resource
(c) Future uncertainties
(d) Control

Question. Which one of the following is not an element of planning:
(a) Rules
(b) Programme
(c) Object
(d) Staffing

Question. Planning is ________ .
(a) Flexible
(b) Stable
(c) Rigid
(d) None of these

Question. Planning of different departments is ________ .
(a) Independent
(b) Individual
(c) Mutually dependent
(d) None of these

Question. Koohinoor foods lt(d) has banned smoking in factory premises.identify the plan
(a) strategy.
(b) programme.
(c) method
(d) rules 

Question. A plan stating all expenses, revenue and income for a specified period is called:
(a) Cost Sheet
(b) Cash Statement
(c) Budget
(d) Profit & Loss Account

Question. Who amongst the following is the longest serving member of Tripura State Planning Board
(a) Sri Nripen Chakraborty
(b) Sri M.L.Debnath
(c) Sri Jiten Chowdhury
(d) Sri Sudhir Majumder

Question. The first plan started on
(a) 1950
(b) 1951
(c) 1965
(d) 1991

Question. Planning is required at all levels of management and in all departments of the organization. This fact illustrates which feature of planning?
(a) Planning is continuous
(b) Planning is futuristic
(c) Planning is pervasive
(d) Planning involves decision making

Question. A manager is required to make certain assumptions about the future which may be in the form of forecasts. This step in planning process is known as
(a) Setting of objectives
(b) Identifying alternative courses of action
(b) Follow up action
(d) Developing premises

Question.The simplest of all plans is
(a) Policy
(b) Rule
(c) Method
(d) Programme

Question. Why does planning as the basis of success is like a leap in the dark.
(a) Does Not Work in a Dynamic Environment
(b) Reduces morality
(c) Creates Rigidity
(d) Planning is a mental exercise

Question. Any work without proper planning will create
(a) Confusion
(b) Creates doubts
(c) Illusion
(d) Creativity

Question. Star Lt(d) .is a garment manufacturing co.Theco.regularly scan business environment and constantly adapts itself to change in environment.with all these efforts also it became difficult for company to foresee future trends, competition in the market effects the financial plan of theco.identify limitation of planning.
(a) leads to rigidity
(b) may not work in dynamic environment
(c) reduces creativity
(d) huge cost 

Question. Method means:
(a) Prescribed way to perform a task
(b) Routine steps in a chronological order
(c) detailed statements about a course of action
(d) specific statements of a certain action

Question.“Planning is deciding in advance what to do, when to do it, and who is to do it.” This is described by
(a) Koontz and O’Donnell
(b) Haimann
(c) Allen
(d) Terry

Fill In The Blanks:

Question. _______ is used for activities that occur regularly over a period of time. 

Question. Planning requires _______ and logical thinking rather than guess work. 

Question. Panning is an activity which is done by the________ level of management.

Question. By stating in advance how work is to be done planning provides _________ for action. 

Question. Policies and _______ are interlinked with each other.

Question. The simplest of all plans is _______ .

Question. Planning involves making a choice from _______ course of action. 

Question. The nature of corrective action required depends upon the extent of _________ from the standard.

Question. The business environment is________nothing constant , So planning may not work in such a environment.

Question. Planning is a _______ function of management. 

Question. Plans can be classified into several types dependent on the _______ and the_______ of planning period. 

True/ False :

Question. Planning provides the basis of all other function.

Question. Planning is regarded as forward looking function.

Question. Planning requires application of the mind involving foresight, intelligent, imagination and sound judgement.

Question. Planning strangulates the initiative of the employees and compels them to work in an inflexible manner

Question. The need for planning doesn’t arises when alternatives are available.

Question. Monitoring the plans is equally important to ensure that objectives are achieved

Question. The manager is required to make certain assumptions about the future, known as Planning Premises

Question. A comprehensive plan to achieve long-term objectives is called strategy.

Question. If goals are well defined departments and individuals in the organization are able to work in coordination.

Question. Planning does not involve huge amount of funds .

Match the following :

Question. Identify the type of plans from the following

i Broad parameters	a. Procedures
ii Specific Statements	b. Rules
iii Routine Steps	c. Budget
iv Statements of expected results	d. Objectives
	e. Policies
	f. Programmes

Question. Identify the type of plans from the following:

i Single use plan	a. Organising a conference
ii Standing Plan	b. Production Process
	c. Time table of a teacher
	d. Annual Concert
	e. Budget of a farewell

Question. Identify the type of plans from the following:

i Make or Buy decision	a. Rule
ii Out pass to be issued to a student who is availing early dispersal from school	b. Policies
iii Production of Sugar in a factory.	c. Method
iv Training imparted to freshers.	d. Procedure
	e. Programme

Question. Identify the type of plans from the following:

i Desired Position in future	a. Policies
ii Broad contours	b. Objectives
	c. Procedures
	d. Strategy
	e. Programmes

Question. Identify the type of plans from the following:

i Budget	a. Cash Budget for a seminar
ii Policy	b. recruitment
iii Method	c. Pricing method
	d. Cash Flow Statement for two years
	e. Production method

Question. Identify the type of plans from the following:

i Single use plans	a. Budget
ii Standing plans	b. Policies
	c. Programmes
	d. Methods
	e. Rules

Question. Identify the type of plans from the following:

i Determine the long term objectives	a. Strategy
ii Expressed in specific and measurable terms	b. Objectives
iii Adopting a particular course of action
iv Written statements of desired objectives
v Allocating resources to achieve the objectives

Question. Identify the type of plans from the following:

i Detailed Statements	a. Budget
ii Prescribed Manner	b. Method
iii Comprehensive plan	c. Programme
iv Measurable results	d. Objective
	e. Strategy

Question. Identify the type of plans from the following:

i Detailed statements about a project which outlines objectives, policies, procedures, rules etc.	a. Procedure
ii Steps to be carried out within a broad policy framework	b. objectives
iii These serve as a guide for overall business planning	c. Rule
iv No compromise no change	d. Programme
	e. Procedure

Question. Identify the type of plans from the following:

i Policies	a. Recruitment guidelines
ii budget	b. Expenses & Income guidelines
	c. Pricing guidelines
	d. Deviation statements
	e. Establishment guidelines

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