Plus One Business Studies Previous Year Question Papers and Answers PDF HSSlive: Complete Guide (2010-2024)

Are you searching for Kerala Plus One Business Studies previous year question papers and answers in PDF format from HSSlive? You’ve come to the right place! As an experienced Business Studies teacher from Kerala, I’ve compiled this comprehensive resource to help you ace your Business Studies board exams.

Why HSSlive Plus One Business Studies Previous Year Question Papers PDFs Are Essential

Business Studies requires both conceptual clarity and systematic practice. HSSlive.co.in offers the most reliable collection of Plus One Business Studies question papers that:

Help you master the exact Kerala Higher Secondary Board examination pattern
Reveal frequently tested topics and concepts from past papers
Develop effective time management strategies
Build confidence through targeted practice
Identify your strengths and weak areas in different chapters

How to Download Plus One Business Studies Previous Year Question Papers and Answers PDF from HSSlive

Quick Access Guide:

Visit the official HSSlive website: www.hsslive.co.in
Navigate to “Previous Question Papers” or “Question Bank” section
Select “Plus One” from the class options
Choose “Business Studies” from the subject list
Download the PDF files for different years (2010-2024)

Pro Tip: Create a dedicated folder to organize your HSSlive Business Studies PDFs by year for structured revision.

Kerala Plus One Business Studies Exam Pattern (Important for HSSlive PDF Users)

Understanding the exact question paper structure will help you extract maximum value from HSSlive PDFs:

Section	Question Type	Marks per Question	Number of Questions
Part A	Very Short Answer	1 mark	8 questions
Part B	Short Answer	2 marks	10 questions
Part C	Short Essay	3 marks	9 questions
Part D	Long Essay	5 marks	3 questions
Total		60 marks	30 questions

15 Plus One Business Studies Previous Year Question Papers with Answers (HSSlive PDF Collection)

Plus One Business Studies Previous Year Question Papers with Answers (2010-2024)

1. March 2024 Business Studies Question Paper with Answers

Question 1: What is meant by business environment? (1 mark) Answer: Business environment refers to the sum total of all external and internal factors that influence a business. It includes factors like economic, social, political, technological, and legal conditions that affect business decisions and performance.

Question 2: Distinguish between partnership and joint stock company. (3 marks) Answer:

Formation: Partnership is formed by agreement while a company is formed by registration under Companies Act.
Regulation: Partnership is regulated by Partnership Act, 1932 while companies are regulated by Companies Act, 2013.
Membership: Partnership has a minimum of 2 and maximum of 50 members, while a private company can have 2-200 members and public company has minimum 7 with no upper limit.
Liability: Partners have unlimited liability, whereas company shareholders have limited liability.
Continuity: Partnership may dissolve with death/insolvency of partners while company has perpetual succession.

Question 3: Explain the features of a Joint Hindu Family Business. (5 marks) Answer:

Formation: Joint Hindu Family Business is formed by operation of Hindu law. It comes into existence by status, not contract.
Liability: The Karta (head) has unlimited liability while co-parceners have limited liability.
Control: Management is in the hands of the Karta who takes all business decisions.
Continuity: Has perpetual succession, continues even after death of the Karta.
Membership by Birth: A person becomes a member by birth in the family.
Governing Law: Governed by Hindu Succession Act with different rules for Dayabhaga and Mitakshara schools.
Minor’s Participation: Minor becomes a member by birth and can participate in business.
Profit Sharing: All members have equal share in the profits of the business.
Limited Resources: Usually operates with limited financial and managerial resources.
Implied Authority: Only Karta has the implied authority to contract debts and pledge credit for business.

2. March 2023 Business Studies Question Paper with Answers

Question 1: Define social responsibility. (1 mark) Answer: Social responsibility refers to the obligation of business firms to make decisions and take actions that contribute to the welfare and interests of society as well as the organization.

Question 2: Explain the concept of e-business. What are its advantages? (3 marks) Answer: E-business refers to the conduct of business activities through electronic networks including buying and selling of products and services, servicing customers, collaborating with business partners, and conducting electronic transactions within an organization.

Advantages:

Global Reach: Can reach customers worldwide without geographical limitations
24/7 Operation: Business remains operational round the clock
Cost Reduction: Reduces operational costs like physical infrastructure
Speed: Faster transactions and business processes
Convenience: Customers can shop from anywhere at any time
Personalization: Can offer personalized services to individual customers
Inventory Management: Better inventory control through automated systems
Lower Entry Barriers: Small businesses can compete with larger ones

Question 3: “Planning is a primary function of management.” Discuss the importance of planning. (5 marks) Answer: Planning is indeed a primary function of management as it lays the foundation for all other functions. Its importance can be explained as follows:

Provides Direction: Planning defines clear objectives and course of action, giving direction to the organization’s efforts.
Reduces Uncertainty: By anticipating future events and developing appropriate responses, planning helps cope with uncertainty.
Minimizes Wastage: Efficient use of resources is facilitated through proper planning, reducing wastage.
Provides Standards for Control: Plans establish standards against which actual performance can be measured and controlled.
Ensures Coordination: Different departments and activities are harmonized through common objectives set in planning.
Encourages Innovation: Planning process stimulates managers to think creatively about achieving objectives.
Facilitates Decision Making: Provides a framework and guidelines for management decisions.
Creates Competitive Edge: Organizations with clear plans are better positioned to exploit opportunities and face challenges.
Promotes Growth: Systematic planning helps in achieving balanced and sustainable growth.
Increases Organizational Efficiency: Overall efficiency improves as planning ensures optimal resource utilization.

3. March 2022 Business Studies Question Paper with Answers

Question 1: What is meant by genetic industries? (1 mark) Answer: Genetic industries are industries engaged in reproduction and multiplication of certain species of plants and animals with the aim of earning profit from their sale. Examples include plant nurseries, cattle breeding farms, and seed farms.

Question 2: Explain the different forms of business organization. (3 marks) Answer:

Sole Proprietorship: Business owned and managed by a single individual with unlimited liability.
Partnership: Two or more persons agreeing to share profits of business carried on by all or any of them acting for all.
Joint Hindu Family Business: Business owned and controlled by members of Hindu Undivided Family (HUF), managed by Karta.
Cooperative Society: Voluntary association of persons who work together for common economic interest.
Company: Artificial person created by law with perpetual succession and common seal.
- Private Company: Restricts transfer of shares, limited to 200 members.
- Public Company: Freely transferable shares, minimum 7 members with no upper limit.
Public Enterprises: Government-owned business organizations including:
- Departmental Undertaking: Directly under government department
- Statutory Corporation: Created by special act of parliament
- Government Company: At least 51% shares owned by government

Question 3: Define management. Explain the features of management. (5 marks) Answer: Management is the process of getting things done with the aim of achieving organizational goals effectively and efficiently through planning, organizing, staffing, directing, and controlling.

Features of Management:

Goal-Oriented Process: Management exists to achieve predetermined objectives.
Pervasive: Applies to all organizations, levels, and departments.
Multidimensional: Involves management of work, people, and operations.
Continuous Process: Ongoing cycle of related functions.
Group Activity: Involves coordination of individual efforts.
Dynamic Function: Adapts to changing environment and needs.
Intangible Force: Cannot be seen but presence felt through results.
Art, Science and Profession: Combines systematic knowledge, practical skills, and professional approach.
Situational: Techniques vary according to situations.
System of Authority: Establishes hierarchy of command.
Social Process: Works with and through people.
Universal and Situational: Basic principles universal but application situational.

4. March 2021 Business Studies Question Paper with Answers

Question 1: Define entrepot trade. (1 mark) Answer: Entrepot trade refers to the import of goods from one country for the purpose of exporting them to another country after some processing or repackaging. It is also known as re-export trade.

Question 2: What are the different types of industries? Explain with examples. (3 marks) Answer:

Primary Industries: Concerned with extraction and production of natural resources
- Extractive Industries: Mining, fishing, lumbering, hunting
- Genetic Industries: Plant nurseries, cattle breeding
Secondary Industries: Convert raw materials into finished products
- Manufacturing Industries: Automobile, textiles, electronics
- Construction Industries: Roads, bridges, buildings
Tertiary Industries: Support primary and secondary industries
- Trade Industries: Wholesale and retail trade
- Service Industries: Banking, insurance, transportation
Quaternary Industries: Knowledge-based industries
- Information technology, research and development, consultancy

Question 3: Explain the merits and demerits of multinational companies. (5 marks) Answer: Merits of Multinational Companies:

Capital Investment: Bring large capital investment helping economic development
Technology Transfer: Introduce advanced technology in developing countries
Employment Generation: Create direct and indirect employment opportunities
Product Quality: Improve product quality through competition
Export Growth: Increase exports and foreign exchange earnings
Managerial Expertise: Introduce professional management practices
Resource Utilization: Better utilization of local resources

Demerits of Multinational Companies:

Threat to Domestic Industries: May wipe out local enterprises
Exploitation of Resources: Might exploit natural resources of host country
Profit Repatriation: Profits may be transferred to home country
Inappropriate Technology: May introduce capital-intensive technology unsuitable for labor-abundant countries
Cultural Impact: Might adversely affect local culture and traditions
Economic Dominance: Can gain economic and political influence
Environmental Concerns: May cause environmental degradation
Transfer Pricing: Can manipulate pricing between subsidiaries

5. March 2020 Business Studies Question Paper with Answers

Question 1: What is outsourcing? (1 mark) Answer: Outsourcing refers to the practice of contracting out non-core business functions and processes to third-party providers rather than handling them internally, to achieve cost advantages and focus on core competencies.

Question 2: Explain the principles of management given by Fayol. (3 marks) Answer: Henri Fayol proposed 14 principles of management:

Division of Work: Specialization increases efficiency and productivity
Authority and Responsibility: Authority and responsibility should be balanced
Discipline: Respect for agreements and rules is essential
Unity of Command: An employee should receive orders from only one superior
Unity of Direction: One plan for a group of activities with the same objective
Subordination of Individual Interest: Organization’s interest above individual’s
Remuneration: Fair and satisfactory compensation to employees
Centralization: Proper balance between centralization and decentralization
Scalar Chain: Clear line of authority from top to bottom
Order: Right place for everything and everyone
Equity: Kindness and justice in dealing with employees
Stability of Tenure: Employee security and tenure promotes efficiency
Initiative: Encouragement to employees to take initiative
Esprit de Corps: Promoting team spirit and harmony among employees

Question 3: “Planning is an important function of management.” In light of this statement, explain the features of planning. (5 marks) Answer: Features of Planning:

Primacy of Planning: It is the primary and first function of management that precedes all other functions.
Goal-Oriented: Planning is directed towards achieving specific objectives. All plans are means to achieve certain ends.
Pervasive: Planning is required at all levels of management and in all departments of organization.
Continuous Process: Planning is an ongoing process that needs constant revision and updating.
Futuristic: Planning always deals with future course of action and involves looking ahead.
Decision Making: Planning essentially involves making choices among alternatives.
Mental Exercise: Planning is primarily an intellectual process requiring mental skills rather than physical activity.
Efficiency & Economy: Planning aims at maximum prosperity with minimum effort and resources.
Flexibility: Good planning provides for flexibility to adapt to changing conditions.
Integrates Group Efforts: Planning coordinates the activities of different departments and individuals towards common objectives.
Reduces Uncertainty: Planning anticipates future events and develops approaches to deal with them.
Facilitates Control: Planning provides standards against which actual performance can be measured.

6. March 2019 Business Studies Question Paper with Answers

Question 1: Define cooperative society. (1 mark) Answer: A cooperative society is a voluntary association of persons who join together to promote their economic interests on the basis of equality. It works on the principle of self-help and mutual help, democratic control, and equitable distribution of profits.

Question 2: Explain the features of business services. (3 marks) Answer: Features of Business Services:

Intangibility: Cannot be touched or seen, only experienced
Inconsistency: Quality of service may vary each time
Inseparability: Production and consumption occur simultaneously
Inventory-less: Cannot be stored for future use
Involvement: High level of customer involvement
Individual-centric: Tailored according to individual requirements
Perishability: Services perish if not utilized
Heterogeneity: High degree of variability in service delivery

Question 3: Explain the steps involved in the process of organizing. (5 marks) Answer: The process of organizing involves the following sequential steps:

Identification of Activities: Determining the tasks necessary for achieving organizational objectives. All major activities are identified and classified.
Grouping of Activities: Similar and related activities are grouped together to form departments or sections based on functions, products, geography, customers, etc.
Assignment of Duties: Specific job roles are allocated to individuals according to their qualifications, experience, and capabilities.
Delegation of Authority: Appropriate authority is delegated to employees to enable them to perform their duties efficiently.
Establishing Relationships: Clear reporting relationships are defined to ensure coordination between different positions and departments.
Coordination: Integrating the activities of different departments to achieve organizational objectives smoothly.
Creating Organizational Structure: Developing a formal structure that shows relationships between various positions, departments, and levels of management.
Providing Physical Resources: Arranging necessary infrastructure, equipment, and other physical resources required to perform activities.
Establishing Policies and Procedures: Creating guidelines, rules, and procedures to guide employee behavior and decision-making.
Performance Evaluation: Setting up mechanisms to evaluate how well the organizational structure is functioning.

7. March 2018 Business Studies Question Paper with Answers

Question 1: What is a global enterprise? (1 mark) Answer: A global enterprise is a business organization that operates in multiple countries, integrating its operations across different national markets and adopting a global approach to its strategy, structure, and management systems. It views the entire world as a single market.

Question 2: What are the different types of partners? (3 marks) Answer: Types of Partners:

Active Partner: Takes active part in the business, contributes capital, shares profits/losses, and has unlimited liability.
Sleeping Partner: Contributes capital and shares profits/losses but does not take active part in management.
Secret Partner: Actively involved in business but identity is not disclosed to the public.
Nominal Partner: Allows name to be used by the firm but has no capital contribution or involvement in management.
Partner by Estoppel: Not actually a partner but has represented himself/herself as a partner and is liable to third parties.
Partner by Holding Out: Person who is not a partner but is represented as one by existing partners with his/her knowledge.
Limited Partner: Liability is limited to the extent of capital contributed (under Limited Liability Partnership).
Minor Partner: Can be admitted to benefits of partnership but with limited liability until attaining majority.

Question 3: What is meant by directing as a function of management? Explain its features. (5 marks) Answer: Directing is the function of management that involves guiding, motivating, leading, and supervising employees to achieve organizational goals.

Features of Directing:

Pervasive Function: Required at all levels of management and in all departments.
Continuous Activity: Goes on continuously throughout the life of an organization.
Human Factor: Deals with human beings and their complex behavior.
Creative Function: Translates plans into performance through people.
Executive Function: Concerned with implementation of plans and policies.
Delegates Authority: Involves assigning duties and granting authority.
Initiates Action: Triggers actual performance of assigned tasks.
Integrates Efforts: Coordinates individual efforts towards common goals.
Complex Process: Involves understanding human behavior and using various techniques.
Two-way Communication: Involves both issuing instructions and getting feedback.
Achieves Coordination: Harmonizes different activities towards common objectives.
Provides Motivation: Inspires employees to put in their best efforts.
Leadership Element: Requires managers to lead by example and influence subordinates.
Dynamic Process: Adapts to changing situations and requirements.

8. March 2017 Business Studies Question Paper with Answers

Question 1: List any two regulatory functions of Securities and Exchange Board of India (SEBI). (1 mark) Answer: Two regulatory functions of SEBI are: (i) Registration and regulation of stock exchanges, brokers, sub-brokers, and other intermediaries, and (ii) Prevention of fraudulent and unfair trade practices in securities markets.

Question 2: Explain the importance of business ethics. (3 marks) Answer: Importance of Business Ethics:

Protection of Consumer Rights: Ensures fair treatment of consumers, prevents exploitation, and delivers value for money.
Employee Welfare: Promotes fair treatment of employees, safe working conditions, and appropriate compensation.
Healthy Competition: Encourages fair competition instead of monopolistic or unfair trade practices.
Environmental Protection: Encourages sustainable business practices that minimize environmental damage.
Corporate Image: Builds positive corporate image and reputation in the marketplace.
Legal Compliance: Ensures adherence to laws and regulations, preventing legal troubles.
Investors’ Confidence: Increases investor trust through transparent and responsible business conduct.
Long-term Sustainability: Ethical businesses tend to survive and thrive in the long run.
Social Responsibility: Contributes positively to society beyond mere profit-making.
Better Decision Making: Provides a framework for making difficult business decisions.

Question 3: Define marketing management. Explain its functions. (5 marks) Answer: Marketing management is the process of planning, organizing, implementing, and controlling marketing activities to facilitate and expediate exchanges effectively and efficiently.

Functions of Marketing Management:

Marketing Planning: Setting marketing objectives and formulating strategies to achieve them.
- Analyzing market opportunities
- Selecting target markets
- Developing marketing mix
Product Development: Designing products/services that satisfy consumer needs.
- New product development
- Product modification
- Product elimination
Pricing Decisions: Determining appropriate prices for products/services.
- Setting pricing objectives
- Selecting pricing methods
- Implementing pricing policies
Distribution Management: Ensuring products reach customers efficiently.
- Channel selection
- Managing logistics
- Inventory control
Promotion Management: Communicating with customers about products.
- Advertising planning
- Personal selling
- Sales promotion
- Public relations
Marketing Research: Gathering and analyzing market information.
- Consumer behavior studies
- Market trend analysis
- Competitor analysis
Marketing Implementation: Putting marketing plans into action.
- Resource allocation
- Activity scheduling
- Coordinating marketing efforts
Marketing Control: Evaluating marketing performance.
- Setting standards
- Measuring performance
- Taking corrective action
Customer Relationship Management: Building and maintaining customer loyalty.
- Customer service
- Customer feedback
- Customer retention programs

9. March 2016 Business Studies Question Paper with Answers

Question 1: What do you mean by micro environment of business? (1 mark) Answer: Micro environment refers to the factors in a firm’s immediate environment that affect its performance and decision-making. These factors include customers, competitors, suppliers, marketing intermediaries, and the public.

Question 2: Differentiate between delegation and decentralization. (3 marks) Answer: Differences between Delegation and Decentralization:

Nature:
- Delegation: Process of transferring authority from superior to subordinate
- Decentralization: Philosophy of dispersing decision-making authority throughout the organization
Purpose:
- Delegation: To reduce workload of managers
- Decentralization: To increase role of subordinates in organization’s decision-making
Scope:
- Delegation: Has narrow scope, happens between individuals
- Decentralization: Has wider scope, happens throughout organization
Freedom:
- Delegation: Less freedom to subordinates
- Decentralization: More freedom to lower levels
Responsibility:
- Delegation: Ultimate responsibility remains with delegator
- Decentralization: Responsibility transfers to lower levels
Level:
- Delegation: Can occur at any level
- Decentralization: Occurs at organizational level
Revocability:
- Delegation: Can be easily revoked
- Decentralization: Difficult to revoke as it’s a systematic distribution

Question 3: Explain the process of staffing. (5 marks) Answer: Staffing Process:

Manpower Planning:
- Estimating future human resource requirements
- Preparing inventory of present manpower
- Identifying gaps between required and available human resources
Job Analysis:
- Creating job description (duties and responsibilities)
- Developing job specification (qualifications, skills, experience required)
Recruitment:
- Identifying potential candidates from various sources
- Using internal sources (promotion, transfer) and external sources (advertisements, placement agencies)
- Creating a pool of qualified candidates
Selection:
- Reviewing applications and screening candidates
- Conducting preliminary interviews, tests, and final interviews
- Checking references and background
- Making final selection decisions
Placement and Orientation:
- Assigning selected candidate to specific job
- Introducing new employee to organization
- Familiarizing with rules, policies, and colleagues
Training and Development:
- Improving skills and knowledge of employees
- On-the-job and off-the-job training methods
- Management development programs
Performance Appraisal:
- Evaluating actual performance against standards
- Providing feedback to employees
- Identifying training needs
Compensation:
- Determining fair and equitable remuneration
- Designing incentive plans
- Providing benefits and services
Promotion and Career Planning:
- Moving employees to positions with greater responsibility
- Planning career paths for employees
- Creating succession plans
Separation:
- Managing retirement, resignation, termination processes
- Conducting exit interviews
- Ensuring smooth transition

10. March 2015 Business Studies Question Paper with Answers

Question 1: What is the main objective of Public Sector Enterprises? (1 mark) Answer: The main objective of Public Sector Enterprises is to promote public welfare and balanced economic development rather than profit maximization.

Question 2: Explain the importance of controlling in management. (3 marks) Answer: Importance of Controlling:

Accomplishing Organizational Goals: Ensures that performance is according to plans for achievement of goals.
Judging Accuracy of Standards: Helps in reviewing and revising standards based on feedback.
Making Efficient Use of Resources: Minimizes waste and ensures optimal utilization of resources.
Improving Employee Motivation: Increases employee morale through fair assessment and reward system.
Ensuring Order and Discipline: Discourages irregularities and creates orderly environment.
Facilitating Coordination: Ensures that activities of different departments are synchronized.
Facilitating Delegation: Managers can delegate authority with confidence when control systems are in place.
Tackling Environmental Changes: Helps in adapting to changing business environment.
Limiting Compounding of Errors: Detects and corrects errors before they become serious problems.
Enhancing Overall Managerial Efficiency: Integrates various management functions effectively.

Question 3: Explain the different techniques of scientific management as propounded by F.W. Taylor. (5 marks) Answer: Techniques of Scientific Management by F.W. Taylor:

Functional Foremanship:
- Specialized supervision by eight functional foremen instead of one
- Four planning experts: Route clerk, Instruction card clerk, Time & cost clerk, and Disciplinarian
- Four shop-floor experts: Gang boss, Speed boss, Repair boss, and Inspector
- Provides specialized guidance to workers
Standardization and Simplification:
- Standardization of tools, equipment, materials, and methods
- Establishing uniform work processes
- Simplification by eliminating unnecessary variety of products
- Setting standard time, cost, and quality parameters
Method Study:
- Finding “one best way” to perform each job
- Analyzing existing and proposed methods
- Using work measurement and motion study
- Eliminating unnecessary movements to reduce fatigue
Time Study:
- Determining standard time required to perform a task
- Breaking job into elements and timing each element
- Adding allowances for fatigue, delays, and personal needs
- Setting fair performance standards
Motion Study:
- Analyzing movements involved in performing a job
- Eliminating wasteful movements
- Arranging workplace efficiently
- Designing proper tools and equipment
Differential Piece Rate System:
- Two different wage rates for same job
- Higher rate for those who meet/exceed standard
- Lower rate for those who fail to meet standard
- Incentive for workers to improve performance
Mental Revolution:
- Change in attitude of management and workers
- Developing mutual trust and cooperation
- Focus on increasing output rather than dividing surplus
- Replacing conflict with harmony

Tips to Effectively Use HSSlive Plus One Business Studies Previous Year Question Papers

Analyze the Pattern: Identify frequently asked topics and mark distribution.
Create Topic-wise Question Bank: Organize questions by topics for focused revision.
Practice Timing: Simulate exam conditions to improve time management.
Compare Your Answers: Check your solutions against model answers to identify improvement areas.
Focus on Weak Areas: Give extra attention to topics where you struggle.
Learn Proper Answer Structure: Study the format of high-scoring answers.
Revise Important Concepts: Use questions to identify key concepts for revision.
Take Mock Tests: Use previous papers as mock tests before the actual exam.

Conclusion

HSSlive Plus One Business Studies previous year question papers are invaluable resources for exam preparation. By systematically analyzing and practicing with these papers, you can significantly improve your understanding of concepts, question patterns, and effective answering techniques. Make these PDFs an integral part of your study plan to excel in your Plus One Business Studies examination.

Remember, consistent practice with previous year papers combined with thorough understanding of concepts is the key to scoring high marks in Business Studies!