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NIOS Class 12 Business Studies — Flashcards

NIOS Class 12 Business Studies flashcards, chapter by chapter — 269 flashcards across 10 chapters. Follows the NIOS syllabus.

How to Use Flashcards

  1. Read the question — answer it in your head before flipping.
  2. Check the answer — mark the cards you got wrong.
  3. Repeat the hard ones — review wrong cards more often, easy ones less.
  4. Little and often — short daily sessions beat long cramming sessions.

Chapter-Wise Flashcards — 10 Chapters

Q: What is the main difference between economic activities and non-economic activities?

A: Economic activities are undertaken with the objective of earning money or livelihood, whereas non-economic activities are undertaken to derive self-satisfaction or personal fulfillment. For example: A

Q: Define 'Profession' and list three key characteristics that distinguish it from other occupations.

A: Profession is an economic activity requiring specialized knowledge, skills, and training in a particular field, with the primary objective of providing expert service. Key characteristics: (1) Require

Q: What is Employment? Explain the employer-employee relationship and the basis of remuneration.

A: Employment is an economic activity where a person (employee) works for another person or organization (employer) under a contract of service for predetermined wages or salary. The relationship is lega

All 21 Nature and Scope of Business flashcards

Q: What are Business Support Services and why are they essential for businesses?

A: Business Support Services are auxiliary activities that facilitate the smooth flow of goods from producer to consumer and support overall business functioning. They include banking, insurance, transpo

Q: Define banking and explain its dual essential function.

A: Banking refers to the business of accepting deposits from those with surplus funds and providing loans and advances to those needing funds. The two essential functions are: 1. ACCEPTING DEPOSITS: Ban

Q: What is the difference between Public Sector Banks and Private Sector Banks?

A: PUBLIC SECTOR BANKS: • Majority stake (>50%) held by Government of India or RBI • Examples: State Bank of India, Bank of Baroda, Bank of India, Syndicate Bank • Focus on social welfare and rural devel

All 24 Business Support Services flashcards

Q: What is Business Environment and why is it important for businesses?

A: Business Environment refers to the total surroundings and external factors that have a direct or indirect bearing on the functioning of a business enterprise. It is important because: 1. It helps ide

Q: List and explain the key features of Business Environment.

A: The six key features of Business Environment are: 1. **Sum Total of All Factors**: Includes all external factors affecting business, both micro (investors, competitors, customers) and macro (social,

Q: Define Business Environment and identify what factors it includes.

A: **Definition**: Business Environment is the set of external forces, factors, and institutions that are beyond the control of the business and affect its functioning and decision-making. **Factors Inc

All 30 Business Environment flashcards

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Frequently Asked Questions

Where can I find NIOS Class 12 Business Studies Flashcards?

This page has flashcards for 10 chapters of NIOS Class 12 Business Studies for the board exams 2027. Each chapter links to its own page with the full set.

Go through the syllabus first, then work chapter by chapter: learn the ideas, practise questions, and revise with notes and flashcards. Leave time at the end to revise every chapter once more under timed conditions.

Read the question side, answer it in your head, then check. Put the cards you got wrong back into the pile and review them again the next day. Short daily sessions work better than long ones.

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