NIOS Class 12 Business Studies — Important Questions 2026

The primary objective of a business that directly relates to earning profit and market expansion is called:

Which of the following is an example of a Social Objective of business?

Which of the following correctly describes 'Business Risk'?

A factory suffers loss because workers went on a strike. This is an example of which cause of business risk?

Which of the following is NOT a function of the Reserve Bank of India (RBI)?

Sanjana insures her shop against fire for ₹10 lakh. A fire damages the shop and the repair cost is ₹3 lakh. How much can Sanjana claim from the insurance company?

Which principle of insurance requires both the insured and insurer to disclose all relevant and material information?

A Life Insurance policy under which the sum assured is paid to the policy holder on surviving the policy term OR to the heirs on death of the insured is called:

Which of the following is a component of the ECONOMIC environment of business?

Coca-Cola had to wind up its operations in India in the late 1970s. This is an example of the impact of which type of business environment?

Sugar factories are set up only in areas where sugarcane is grown abundantly. This is an example of which component of Non-Economic environment?

What does 'Liberalisation' mean in the context of India's economic reforms of 1991?