CUET Business Studies Question Paper 2024 SET C Download Solutions and Answer Key

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CUET 2024 Business Studies Question Paper (SET C) with Answer Key PDF

CUET 2024 Business Studies Question Paper with Answer Key Set C	Download	Check Solutions

CUET 2024 Business Studies Question Paper (SET C) with Solutions

Question	Answer	Solution
1. 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-actualisation needs (D) Esteem needs	(3) (B), (A), (D), (C)	Maslow's hierarchy: Safety and Security, Belongingness, Esteem, Self-actualization.
2. "...is a process of influencing the behaviour of people by making them strive voluntarily towards achievement of organisational goals." (1) Motivation (2) Supervision (3) Leadership (4) Communication	(3) Leadership	Leadership encompasses strategies to inspire and direct teams towards success.
3. Match List-I with List-II on the basis of meaning and name of the concept. List-I (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	(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III)	Matching HR concepts: Selection, Orientation, Training, Recruitment.
4. Which of the following is a process of incitement or inducing subordinates to act in a desired manner to achieve organisational goals? (1) Motivation (2) Supervision (3) Leadership (4) Communication	(1) Motivation	Motivation drives individuals to align actions with organizational goals.
5. 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 aims to ensure order and discipline; cost, resistance, and limited external control are limitations.
6. Identify the correct sequence of Controlling process: (A) Analysing deviations (B) Measurement of actual performance (C) Setting up standards (D) Comparison of actual performance with standards	(4) (C), (B), (D), (A)	Controlling steps: Setting standards, Measuring performance, Comparing, Analyzing deviations.
7. "Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges." Identify the concept pointed out 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 factors with disproportionate impact.
8. Identify the function performed by Financial Market from the following statement: "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) Mobilisation of savings and channellising them into the most productive uses	(2) Provide liquidity to financial assets	Financial markets provide liquidity, allowing quick asset sales.
9. If any of the parties are not satisfied by the order of _____, they can appeal against such order to the State Commission on the grounds of facts or law within a period of forty-five days from the date of order. (1) District Commission (2) State Commission (3) National Commission (4) Local Court	(1) District Commission	Appeals process in consumer dispute redressal starts at the District Commission.
10. Identify the importance of consumer protection discussed in the following lines “Business organisations 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	Protecting consumers is a key aspect of social responsibility for businesses.
11. 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	This consumer right guarantees product choice and competitive pricing.
12. Identify the method of flotation 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	An "Offer for Sale" involves a bulk sale of securities to a broker.
13. Match List-I with List-II on the basis of meaning and the term: List-I (Meaning) (A) Right to command (B) Obligation to perform task (C) Accountability (D) Basis of management hierarchy List-II (Term) (I) Answerability (II) Delegation (III) Authority (IV) Responsibility	(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II)	Matching management terms: Authority, Responsibility, Accountability, Delegation.
14. Identify the correct sequence of Organizing function of management. (A) Establishing authority and reporting relationships (B) Departmentalisation (C) Identification and division of work (D) Assignment of duties	(4) (C), (B), (D), (A)	Organizing steps: Dividing work, Departmentalization, Assigning duties, Establishing authority.
15. 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 inter-relationship. This clarifies who has to report to whom. (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.	(1) (A), (B) and (D) only	Formal organization characteristics: Defined relationships, Rules & procedures, Deliberate design.
16. 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.	(2) (A), (B) and (C) only	Informal organization benefits: Faster communication, Social needs fulfillment, Compensates for formal inadequacies.
17. 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.	(1) (A), (B), (C), (D)	Trading & settlement steps: Broker agreement, Demat account, Broker connects to exchange, Order confirmation.
18. 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	Secondary market: Trading of existing securities.
19. Qualities of successful entrepreneur do not include: (1) Initiative (2) Self-confidence (3) Risk avoider (4) Wealth creators	(3) Risk avoider	Successful entrepreneurs are typically risk-takers.
20. 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	(2) Regulatory functions	SEBI's regulatory role includes controlling and penalizing market misconduct.
21. 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	(1) Increase the shareholders' wealth	Financial management's primary aim is maximizing shareholder wealth.
22. 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	(1) Financial planning	Financial planning aligns funds with needs.
23. 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	(1) Cheaper, risky	Debt is cheaper but carries the risk of financial strain if not managed properly.
24. “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	(4) Coordination integrates group efforts	Coordination integrates diverse efforts towards a common goal.
25. 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	(1) Social objective	Recycling and job creation are key elements of a social objective.
26. "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	(4) Management is a goal-oriented process	Management is fundamentally goal-directed.
27. The key position of top-level management is (1) Managing Director (2) Production Manager (3) Marketing Manager (4) Plant Supervisor	(1) Managing Director	The Managing Director holds the top position in the management hierarchy.
28. 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	(2) (A) - (IV), (B) - (I), (C) - (II), (D) - (III)	Matching psychological tests with their descriptions.
29. 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.	(3) (A), (C) and (D) only	Advantages of functional structure: Specialization, Coordination, Efficiency.
30. 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	(4) Physical distribution	Physical distribution focuses on product placement and timely delivery.
31. Identify the element of the marketing mix in the following statement: "The taste, quality, and packaging are given utmost care.” (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix	(1) Product mix	Taste, quality, and packaging are core aspects of the product mix.
32. "They are able to charge a higher price than their competitors.” Which element of the marketing mix is discussed in the statement? (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix	(2) Price mix	Pricing strategies are part of the price mix in marketing.
33. “To increase their sales, they are using different offers like free gifts, cash backs, etc. They are offering discounts to customers on various occasions." Identify the marketing mix element from the above statement. (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix	(3) Promotion mix	Free gifts, cash backs, and discounts are promotional tools.
34. “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 the promotion mix is used in the given statement? (1) Advertisement (2) Sales promotion (3) Personal selling (4) Publicity	(2) Sales promotion	Free gifts and discounts are sales promotion techniques.
35. Identify the function of management highlighted in the above case. (1) Organising (2) Staffing (3) Directing (4) Planning	(4) Planning	The case highlights strategic planning and investment strategies.
36. "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 the managerial function highlighted in this statement. (1) Facilitates decision making (2) Reduces overlapping and wasteful activities (3) Reduces risks of uncertainty (4) Provides direction	(4) Provides direction	Well-defined goals provide clear direction for employees.
37. "Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed." Identify the significance of the managerial function highlighted in this statement. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making	(2) Reduces risks of uncertainty	Planning helps mitigate uncertainty by anticipating changes.
38. "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 the managerial function highlighted in this statement. (1) Facilitates decision making (2) Reduces risks of uncertainty (3) Provides direction (4) Reduces overlapping and wasteful activities	(4) Reduces overlapping and wasteful activities	Policies streamline activities and reduce redundancy.
39. "Manager can look into the future and make a choice from amongst various alternative courses of action.” Identify the significance of the managerial function highlighted in this statement. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making	(4) Facilitates decision making	Looking ahead and choosing among options is a key aspect of decision-making.
40. 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's emphasis on scientific methods for management.
41. Match List-I with List-II on the basis of Management Principles: List-I (A) Obedience to organisational rules (B) One boss for every individual employee (C) One head and one plan (D) Remuneration should be just and equitable List-II (I) Unity of direction (II) Remuneration of employees (III) Discipline (IV) Unity of command	(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II)	Matching management principles with their descriptions.
42. 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) Standardisation of work (4) Functional foremanship	(3) Standardisation of work	Standardization reduces variation in products and processes.
43. Match List-I with List-II on the basis of Management Principles: List-I (Meaning) (A) Employees turnover should be minimised (B) Emphasises kindness and justice (C) Chain of authority and communication from top to bottom (D) Promotes team spirit List-II (Term) (I) Stability of personnel (II) Equity (III) Esprit de corps (IV) Scalar chain	(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III)	Matching management principles with their descriptions.
44. 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 relies on technology.
45. Which of the following is an example of the economic environment? (1) Money supply in economy (2) Constitution of the country (3) Life expectancy (4) Population shifts	(1) Money supply in economy	Money supply is a key element of the economic environment.
46. 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 Trade Union Act is a law that regulates labor relations and affects business operations. It's a legal instrument that governs business practices. The other options are not directly examples of the legal environment, although they relate to other aspects of the broader business environment.
47. Which of the following does not characterise business environment? (1) Inter-related (2) External forces (3) Market orientation and product (4) Relativity	(3) Market orientation and product	Market orientation is a business strategy, not an environmental factor.
48. 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	(2) (A), (C), (B), (D)	Planning steps: Objectives, Premises, Alternatives, Evaluation.
49. Identify the correct sequence of Selection process: (A) Selection decision (B) Employment interview (C) Selection tests (D) Reference checking	(4) (C), (B), (D), (A)	Selection steps: Tests, Interview, References, Decision.
50. "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 collaboration between educational institutions and businesses.