PSEB SS Business Studies study guide
PSEB SS Business Studies · Work through your exam, one topic at a time.
PSEB Senior Secondary Business Studies is the Class 12 Business Studies subject within the Senior Secondary examination of the Punjab School Education Board (PSEB), a board established by legislative enactment in November 1969 and granted autonomy when the Vidhan Sabha amended its Act in 1987. The board is headquartered at Vidya Bhawan, Phase-8, SAS Nagar (Mohali). Business Studies is one subject in the Senior Secondary certificate, taken by regular school candidates and by Open School candidates, and it sits alongside the compulsory and elective subjects fixed by the board's scheme of studies. The subject is examined through the board's annual Senior Secondary examination cycle, with the main sitting held early in the calendar year and re-appear, compartment, additional subject and division improvement candidates scheduled for the same February/March window. The syllabus, structure of question paper, question bank and model test papers are all published by the board's Academics Wing, so preparation should be built around those official documents rather than around any third-party compilation. Candidates should read the current syllabus to map units, work through the structure of question paper to learn the mark distribution and question types, then practise with model test papers under timed conditions and revise from the board's own e-books and textbooks. Topics on this exam: Business Studies. The PSEB SS Business Studies study guide has 1 section and about 397 words.
01Business Studies
PSEB Senior Secondary Business Studies rewards precise board vocabulary plus application. A typical 4-mark question gives marks for naming the concept, explaining it in one or two sentences, and applying it to the case. Answers that only define terms stop at half marks. Expect one-mark definitions, three- and four-mark explanations, and six-mark case questions that combine two chapters, such as planning with organising, or marketing with consumer protection.
397 words, about 2 minMore study resources for PSEB SS Business Studies
- Practice questionsA firm's total fixed costs are Rs 60,000, selling price per unit is Rs 20 and variable cost per unit is Rs 12.
- FlashcardsBusiness. An economic activity involving the production or exchange of goods and services with the primary objective of earning profit and bearing risk.
- Cheat sheetBusiness is an economic activity involving the production or exchange of goods and services for profit; it is distinguished from professions and employment by its profit motive and risk-bearing nature.
- Key termsSole proprietorship. A business owned and run by one person, who keeps all profits but carries unlimited personal liability for the debts and obligations of the business.
- Study planDefine the nature and purpose of business and distinguish between economic and non-economic activities.
- Common mistakesCandidates memorise definitions and reproduce them verbatim, treating application questions as recall questions; they do not notice command words such as 'evaluate', 'advise' or 'to what extent'.
- Exam-day guideCarry the printed admit card issued for this exam session.