CUET Business Studies Question Paper 2024 SET A Download Solutions and Answer Key
| Updated On - Dec 9, 2024
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CUET 2024 Business Studies Question Paper (SET A) with Answer Key PDF
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CUET 2024 Business Studies Answer Key
| Question | Answer | Detailed Solution |
|---|---|---|
| Q1: Identify the Principle of Management where Taylor pioneered the introduction of the method of scientific inquiry into the domain of management practice. (1) Science, not rule of thumb (2) Harmony not discord (3) Cooperation, not individualism (4) Development of each and every person to the greatest efficiency and prosperity |
(1) Science, not rule of thumb | Taylor emphasized using scientific methods to find the best way to perform tasks. He advised for replacing the traditional "rule of thumb" methods with a scientific approach, which would improve efficiency. |
| Q2: Match List-I with List-II on the basis of Management Principles: List-I (A) Obedience to organizational rules (B) Unity of direction (C) Remuneration of employees (D) Discipline List-II (I) One boss for every individual employee (II) One head and one plan (III) Remuneration should be just and equitable (IV) Unity of command |
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) | (A) refers to unity of command, where each employee should receive orders from one boss. (B) unity of direction means having one head and one plan for a group of activities. (C) refers to just and equitable remuneration. (D) discipline relates to obedience and respect for organizational rules. |
| Q3: The aim of which technique given by F.W. Taylor is to reduce a given line or a product to fixed types, sizes, and characteristics? (1) Method study (2) Time study (3) Standardization of work (4) Functional foremanship |
(3) Standardization of work | Standardization in Taylor's principles aims to reduce variation in product types, sizes, and characteristics, ensuring uniformity and efficiency in production. |
| Q4: Match List-I with List-II on the basis of Management Principles: List-I (A) Employees turnover should be minimized (B) Emphasizes kindliness and justice (C) Chain of authority and communication from top to bottom (D) Promotes team spirit List-II (I) Stability of personnel (II) Equity (III) Scalar chain (IV) Espirit de corps |
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) | (A) refers to stability of personnel, reducing turnover. (B) emphasizes fairness and justice in equity. (C) is the scalar chain for proper communication. (D) is about building team spirit, or Espirit de corps. |
| Q5: Under which dimension of business environment is "Online Booking of Air Tickets" included? (1) Legal dimension (2) Economic dimension (3) Technical dimension (4) Social dimension |
(3) Technical dimension | Online booking of air tickets relates to advancements in technology, falling under the technical dimension of the business environment. |
| Q6: Which of the following is an example of economic environment? (1) Money supply in economy (2) Constitution of the country (3) Life expectancy (4) Population shifts |
(1) Money supply in the economy | The money supply is a critical aspect of the economic environment, affecting inflation, interest rates, and overall economic activity. |
| Q7: Which of the following is an example of legal environment? (1) Death/Birth Ratio (2) Trade Union Act (3) Prevailing Political System (4) Public Debt |
(2) Trade Union Act | The legal environment includes laws and regulations like the Trade Union Act, which governs labor relations and collective bargaining. |
| Q8: Which of the following does not characterize the business environment? (1) Inter-related (2) External forces (3) Market orientation and product (4) Relativity |
(3) Market orientation and product | The business environment is characterized by inter-related and external forces, but market orientation and product focus are internal strategic decisions. |
| Q9: Identify the correct sequence of steps under the Planning function: (A) Setting objectives (B) Identifying alternative courses of action (C) Developing premises (D) Evaluating alternative courses of action (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(2) (A), (C), (B), (D) | The correct sequence is setting objectives, developing premises, identifying alternatives, and then evaluating them. This reflects logical planning in organizations. |
| Q10: Identify the correct sequence of Selection process: (A) Selection decision (B) Employment interview (C) Selection tests (D) Reference checking (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(4) (C), (B), (D), (A) | The selection process usually begins with tests, followed by interviews, reference checks, and finally a decision. This helps in evaluating candidates effectively. |
| Q11: "It is a joint programme of training in which educational institutions and business firms cooperate." Identify the method of training. (1) Vestibule training (2) Apprenticeship training (3) Internship training (4) Job rotation |
(3) Internship training | Internship training involves cooperation between educational institutions and businesses to provide students with practical, on-the-job experience while they continue their formal education. It helps students gain insights into real-world work environments. |
| Q12: Match List-I with List-II on the basis of meaning and name of the concept: (A) Choosing the most appropriate candidate (B) Candidate is given an introduction to superiors (C) Learning the skills related to a job (D) Searching for prospective employees List-II: (I) Selection (II) Orientation (III) Recruitment (IV) Training (1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) (2) (A) - (I), (B) - (III), (C) - (II), (D) - (IV) (3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) (4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) |
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) | The correct matching is: (A) Choosing the candidate is Selection, (B) Introducing the candidate to superiors is Orientation, (C) Learning job skills is Training, and (D) Searching for employees is Recruitment. These are distinct HR processes. |
| Q13: Which of the following is a process of incitement or inducing subordinates to act in a desired manner to achieve organizational goals? (1) Motivation (2) Supervision (3) Leadership (4) Communication |
(1) Motivation | Motivation involves stimulating subordinates to act in a way that helps achieve organizational goals. It is about encouraging effort and dedication through incentives, recognition, or job satisfaction. |
| Q14: Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory: (A) Belongingness needs (B) Safety and Security needs (C) Self-actualization needs (D) Esteem needs (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(3) (B), (A), (D), (C) | Maslow's Hierarchy of Needs is arranged as follows: Safety and Security needs, followed by Belongingness needs, then Esteem needs, and finally Self-actualization needs. This theory explains human motivation in a hierarchical order. |
| Q15: "________________ is a process of influencing the behavior of people by making them strive voluntarily towards the achievement of organizational goals." (1) Motivation (2) Supervision (3) Leadership (4) Communication |
(3) Leadership | Leadership involves influencing and guiding people toward the voluntary pursuit of organizational objectives. It includes setting a vision and encouraging others to follow and contribute to achieving shared goals. |
| Q16: Which of the following is not a limitation of Controlling? (1) Costly affair (2) Resistance from employees (3) Ensure order and discipline (4) Little control on external factors |
(3) Ensure order and discipline | Controlling will ensure that there is an order and discipline within an organization-an advantage and not a limitation. Other options like high costs, employee resistance, and little control on external factors are valid limitations of controlling. |
| Q17: Identify the correct sequence of the Controlling process: (A) Analyzing deviations (B) Measurement of actual performance (C) Setting up standards (D) Comparison of actual performance with standards. (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(4) (C), (B), (D), (A) | The correct sequence of controlling starts with setting standards, measuring actual performance, comparing the results with standards, and finally analyzing deviations. This logical flow ensures performance evaluation and correction. |
| Q18: "Only a 5% increase in labor cost may be more troublesome than a 15% increase in postal charges." Identify the concept in the statement. (1) Deviation (2) Critical point control (3) Break-even analysis (4) Critical path method |
(2) Critical point control | Critical point control focuses on key areas that significantly impact the organization. A small variation in a critical area (like labor cost) is more concerning than a larger deviation in a less critical one (postal charges). |
| Q19: Identify the function performed by Financial Market: "Holders of assets can readily sell their financial assets through the mechanism of the financial market." (1) Reduce the cost of transactions (2) Provide liquidity to financial assets (3) Facilitate price discovery (4) Mobilization of savings and channeling them into the most productive uses |
(2) Provide liquidity to financial assets | Financial markets provide liquidity, allowing investors to convert assets into cash easily. This is crucial for maintaining flexibility and reducing risks. |
| Q20: If any of the parties are not satisfied by the order of ________________, they can appeal against such an order to the State Commission on the grounds of facts or law within a period of forty-five days from the date of the order. (1) District Commission (2) State Commission (3) National Commission (4) Local Court |
(1) District Commission | Appeals from the District Commission can be made to the State Commission within 45 days, as per consumer protection law. |
| Q21: Identify the importance of consumer protection: "Business organizations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business, and like other stakeholders, their interest has to be well taken care of." (1) Moral justification (2) Business uses society’s resources (3) Social responsibility (4) Long-term interest of business |
(3) Social responsibility | The statement reflects the social responsibility of businesses to protect consumer interests since consumers are crucial stakeholders and contribute to business success. |
| Q22: Identify the Consumer Right: "The consumer has the freedom to access a variety of products at competitive prices. This implies that the marketers should offer a wide variety of products in terms of quality, brand, prices, size, etc." (1) Right to Safety (2) Right to Seek Redressal (3) Right to be Assured (4) Right to Consumer Education |
(3) Right to be Assured | The right to be assured ensures that consumers can choose from a variety of products at fair prices, enhancing market competition and consumer satisfaction. |
| Q23: Identify the method of floatation in the Primary Market wherein a company sells securities en bloc at an agreed price to a broker. (1) Rights issue (2) Offer for sale (3) e-IPOs (4) Offer through Prospectus |
(2) Offer for sale | In an offer for sale, a company sells securities en bloc to a broker, who then sells them to the public. This method is different from issuing securities directly to investors. |
| Q24: Match List-I with List-II on the basis of meaning and the term: (A) Right to command (B) Obligation to perform a task (C) Accountability (D) Basis of management hierarchy List-II: (I) Answerability (II) Delegation (III) Authority (IV) Responsibility (1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) (2) (A) - (I), (B) - (III), (C) - (II), (D) - (IV) (3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) (4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) |
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) | Authority is the right to command, responsibility is the obligation to perform tasks, accountability is answerability for outcomes, and delegation refers to transferring responsibility to subordinates. |
| Q25: Identify the correct sequence of the Organizing function of management: (A) Establishing authority and reporting relationships (B) Departmentalization (C) Identification and division of work (D) Assignment of duties (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(4) (C), (B), (D), (A) | The organizing function begins with identifying and dividing work, then departmentalization, followed by assigning duties, and finally establishing authority relationships to ensure smooth functioning. |
| Q26: The formal organisation can be better understood by a study of its features which are as follows: (A) It specifies the relationships among various job positions and the nature of their interrelationship. (B) It is a means to achieve the objectives specified in the plans, as it lays down rules and procedures essential for their achievement. (C) Independent channels of communication without specified direction of flow of information are developed by group members. (D) It is deliberately designed by the top management to facilitate the smooth functioning of the organisation. Choose the correct answer from the options given below: (1) (A), (B) and (D) only (2) (A), (B) and (C) only (3) (A), (B), (C) and (D) (4) (B), (C) and (D) only |
(1) (A), (B) and (D) only | Formal organisations are structured and well-defined, specifying the roles and interrelationships of various positions, and are deliberately created by the management to ensure that the organisation’s goals are achieved. |
| Q27: The informal organisation offers many benefits. Important among them are given below: (A) Prescribed lines of communication are not followed. Thus, informal organisation leads to faster spread of information as well as quick feedback. (B) It helps to fulfil the social needs of the members and allows them to find like-minded people. This enhances their job satisfaction since it gives them a sense of belongingness in the organisation. (C) It contributes towards fulfilment of organisational objectives by compensating for inadequacies in the formal organisation. (D) Unity of command is maintained through an established chain of command. Choose the correct answer from the options given below: (1) (A), (B) and (D) only (2) (A), (B) and (C) only (3) (A), (B), (C) and (D) (4) (B), (C) and (D) only |
(2) (A), (B) and (C) only | Informal organisations develop spontaneously based on social interactions and relationships among individuals. They provide faster communication, enhance job satisfaction, and support formal objectives, but they do not necessarily adhere to formal rules like unity of command. |
| Q28: Identify the correct sequence of trading settlement procedure: (A) The investor has to sign a broker client agreement. (B) The investor has to open a ’Demat’ Account. (C) An order confirmation slip is issued to the investor by the broker. (D) The broker will then go online and connect to the main stock exchange. Choose the correct answer from the options given below: (1) (A), (B), (C), (D) (2) (A), (C), (B), (D) (3) (B), (A), (D), (C) (4) (C), (B), (D), (A) |
(1) (A), (B), (C), (D) | The trading settlement process follows a specific sequence starting with the signing of the broker-client agreement (A), opening a Demat account (B), receiving an order confirmation slip (C), and concluding with online connection to the main exchange (D). |
| Q29: The market where existing securities are bought and sold is known as: (1) Primary market (2) Secondary market (3) Capital market (4) Financial market |
(2) Secondary market | The secondary market facilitates trading of already issued securities among investors, providing liquidity and price discovery for assets that have been issued in the primary market. |
| Q30: Qualities of a successful entrepreneur do not include: (1) Initiative (2) Self-confidence (3) Risk avoider (4) Wealth creators |
(3) Risk avoider | Entrepreneurship involves taking calculated risks to achieve business success. Successful entrepreneurs possess initiative, confidence, and wealth creation abilities; they are not typically risk avoiders. |
| Q31: Identify the function performed by SEBI: ”It controls insider trading, takeover bids and imposes penalties for such practices.” (1) Protective functions (2) Regulatory functions (3) Developmental functions (4) Preventive functions Choose the correct answer from the options given below: |
(2) Regulatory functions | The correct function performed by SEBI is regulatory, ensuring the protection and orderly functioning of the securities market by controlling practices like insider trading and imposing necessary penalties. |
| Q32: Financial management aims at choosing the best investment and financing alternatives by focusing on their costs and benefits. Its objective is to: (1) Increase the shareholders’ wealth (2) Decrease the shareholders’ wealth (3) Increase the shareholders’ capital (4) Decrease the shareholders’ capital Choose the correct answer from the options given below: |
(1) Increase the shareholders’ wealth | Financial management focuses on making decisions that maximize the value for shareholders, ensuring optimal allocation of resources to achieve growth and profitability. |
| Q33: A proper matching of funds requirements and their availability is sought to be achieved by: (1) Financial planning (2) Financial control (3) Capital budgeting (4) Investment decisions Choose the correct answer from the options given below: |
(1) Financial planning | Financial planning ensures that an organization has adequate funds to meet its short-term and long-term needs. It involves forecasting financial requirements and developing strategies to acquire and utilize funds effectively. |
| Q34: Debt is ______, but is more for a business because the payment of interest and the return of principal is obligatory for the business. (1) Cheaper, risky (2) Cheaper, safe (3) Expensive, risky (4) Expensive, safe Choose the correct answer from the options given below: |
(1) Cheaper, risky | Debt is considered a cheaper source of finance due to the lower cost compared to equity. However, it involves a higher risk for the business because of the obligatory payments associated with interest and principal. |
| Q35: ”Coordination unifies unrelated interests into purposeful work activity.” Identify the nature of coordination. (1) Coordination is an all pervasive function (2) Coordination is a continuous process (3) Coordination ensures unity of action (4) Coordination integrates group efforts Choose the correct answer from the options given below: |
(4) Coordination integrates group efforts | Coordination aligns the efforts of various individuals and departments towards a common objective, ensuring unity of action and efficient functioning within an organization. |
| Q36: Akash Industries has installed a waste recycling plant in its premises and does not dump their waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing the aforesaid activity. (1) Social objective (2) Economic objective (3) Personal objective (4) Growth Choose the correct answer from the options given below: |
(1) Social objective | By installing a waste recycling plant, Akash Industries contributes positively to society by reducing waste and generating employment, aligning with the social objectives of management. |
| Q37: ”Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards the end result.” From the above statement, identify the feature of management. (1) Management is multidimensional (2) Management is continuous (3) Management is intangible (4) Management is a goal-oriented process Choose the correct answer from the options given below: |
(4) Management is a goal-oriented process | The statement highlights that all managerial activities focus on achieving specific goals and objectives, making management a goal-oriented process. |
| Q38: The key position of top-level management is: (1) Managing Director (2) Production Manager (3) Marketing Manager (4) Plant Supervisor Choose the correct answer from the options given below: |
(1) Managing Director | Top-level management typically comprises key decision-makers like the Managing Director, who oversee the organization’s strategic direction. |
| Q39: Match List-I with List-II: List-I (A) Intelligence test (B) Aptitude test (C) Personality test (D) Trade test List-II (I) Indicator of a person’s capacity to develop (II) Clues to a person’s emotions, values, etc. (III) Measure existing skills of the individual (IV) Indicator of a person’s learning ability and ability to make judgements Choose the correct answer from the options given below: |
(1) (A) - (I), (B) - (II), (C) - (III), (D) - (IV) | Intelligence tests assess development capacity, aptitude tests gauge potential and values, personality tests measure traits, and trade tests evaluate skills. |
| Q40: Which of the following are advantages of functional structure of an organisation? (A) Leads to occupational specialisation. (B) Places less emphasis on organisational objectives. (C) Promotes coordination and control within a department. (D) Increases operational efficiency. Choose the correct answer from the options given below: |
(3) (A), (C) and (D) only | Functional structure enhances specialization, improves efficiency, and fosters coordination within departments, although it may lead to departmental isolation. |
| Q41: In the above case ”Just Foodie” is using various variables of Marketing Mix. Identify the variable used in the following statement: ”To make their products available to customers at right time, right place, they are also selling their products to grocery stores in addition to their own outlets.” (1) Product (2) Price (3) Promotion (4) Physical distribution Choose the correct answer from the options given below: |
(4) Physical distribution | The given statement emphasizes making products available to customers at the right place and time, referring to distribution activities, which is a key function of physical distribution in the marketing mix. |
| Q42: Identify the element of marketing mix in the following statement: ”The taste, quality, and packing are given utmost care.” (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix Choose the correct answer from the options given below: |
(1) Product mix | The statement highlights the aspects of product quality, taste, and packing, which are all components of the product mix in marketing. |
| Q43: ”They are able to charge higher prices than their competitors.” Which element of marketing mix is discussed in the statement? (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix Choose the correct answer from the options given below: |
(2) Price mix | Charging higher prices than competitors directly refers to the price mix, which deals with pricing strategies for products and services. |
| Q44: ”To increase their sales, they are using different offers like: Free gifts, Cash backs, etc.” Identify the marketing mix element from the above statement. (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix Choose the correct answer from the options given below: |
(3) Promotion mix | The use of free gifts, cash backs, and similar offers refers to the promotion mix, which aims at enhancing sales through marketing strategies. |
| Q45: ”To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions.” Which tool of promotion mix is used in the given statement? (1) Advertisement (2) Sales promotion (3) Personal selling (4) Publicity Choose the correct answer from the options given below: |
(2) Sales promotion | Offering discounts and providing special offers are typical tools of sales promotion aimed at boosting sales volume. |
| Q46: Identify the function of management highlighted in the above case. (1) Organising (2) Staffing (3) Directing (4) Planning Choose the correct answer from the options given below: |
(4) Planning | Planning is a primary function of management that involves setting objectives and determining the best course of action to achieve them. In this case, it reflects the deliberate effort to strategize and outline activities before execution. |
| Q47: ”If the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.” Identify the significance of managerial function highlighted in this statement. (1) Facilitates decision making (2) Reduces overlapping and wasteful activities (3) Reduces risks of uncertainty (4) Provides direction Choose the correct answer from the options given below: |
(4) Provides direction | Providing direction is a key aspect of managerial functions. It helps ensure that all employees are aligned with the organisational goals, thereby clarifying their roles and reducing ambiguity. |
| Q48: ”Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed.” Identify the significance of managerial function highlighted in this statement. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making Choose the correct answer from the options given below: |
(2) Reduces risks of uncertainty | Reducing risks of uncertainty is critical for effective management. Anticipating changes allows for proactive measures to be taken, minimizing potential disruptions. |
| Q49: ”Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding.” Identify the significance of managerial function highlighted in this statement. (1) Facilitates decision making (2) Reduces risks of uncertainty (3) Provides direction (4) Reduces overlapping and wasteful activities Choose the correct answer from the options given below: |
(4) Reduces overlapping and wasteful activities | Effective policy formulation helps streamline operations, eliminate redundancy, and improve coordination among various segments of the organization. |
| Q50: ”Manager can look into the future and make a choice from amongst various alternative courses of action.” Identify the significance of managerial function highlighted in this statement. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making Choose the correct answer from the options given below: |
(4) Facilitates decision making | Decision making is an essential managerial activity that involves choosing the best course of action among alternatives to achieve organisational objectives effectively. |
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