CUET Business Studies Question Paper 2024 SET D Download Solutions and Answer Key
Content Writer | Updated On - Dec 9, 2024
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CUET 2024 Business Studies Question Paper (SET D) with Answer Key PDF
| CUET 2024 Business Studies Question Paper with Answer Key Set D |  Download |
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CUET 2024 Business Studies Question Paper (SET D) with Solutions
| Question | Answer | Solution |
|---|---|---|
| 1. Match List-I with List-II. (A) Intelligence test (B) Aptitude test (C) Personality test (D) Trade test (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) | The correct matching of the tests with their descriptions is as follows: • (A) Intelligence test (IV) Indicator of a person's learning ability and ability to make judgments • (B) Aptitude test (I) Indicator of a person's capacity to develop • (C) Personality test (II) Clues to a person's emotions, values, etc. • (D) Trade test (III) Measure existing skills of the individual |
| 2. 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 | In a functional organizational structure, the following advantages apply: • (A) Leads to occupational specialization • (C) Promotes coordination and control within a department • (D) Increases operational efficiency |
| 3. “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 | The statement highlights the goal-directed nature of management, emphasizing that all managerial activities are focused on achieving a specific end result. |
| 4. 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 (MD) holds the highest position in the top-level management hierarchy. |
| 5. 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 | The statement highlights the physical distribution strategy used by "Just Foodie," which involves making their products accessible through different retail channels. |
| 6. 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 | This statement emphasizes key product features such as taste, quality, and packaging, which are all part of the product mix in the marketing strategy. |
| 7. "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 | The statement focuses on the pricing strategy, specifically the ability to charge a premium price compared to competitors, which is part of the price mix in the marketing strategy. |
| 8. "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 | The statement describes various promotional activities like free gifts, cash backs, and discounts. |
| 9. “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, cash backs, and discounts are all examples of sales promotion techniques, which are used to encourage immediate purchases and stimulate short-term sales. |
| 10. Identify the function of management highlighted in the above case. (Indian Oil case study) (1) Organising (2) Staffing (3) Directing (4) Planning |
(4) Planning | The case highlights Indian Oil's strategic initiatives such as global expansion and investment planning, indicating that the company is focused on the planning function of management. |
| 11. "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 | Clear goals provide employees with a sense of direction and purpose, guiding their efforts towards achieving organizational objectives. |
| 12. "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 | The statement highlights the importance of planning to mitigate uncertainty. |
| 13. "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 | The statement emphasizes the role of policies in minimizing confusion and ensuring that resources are efficiently used. |
| 14. “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 | The statement focuses on the decision-making process, which involves evaluating various alternatives and selecting the best course of action. |
| 15. 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 | Frederick Winslow Taylor introduced the principle of using scientific methods to improve workplace efficiency. |
| 16. Match List-I with List-II on the basis of Management Principles: (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 |
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) | Let's match the items from List-I with the corresponding principles from List-II: (A) Obedience to organisational rules (III) Discipline (B) One boss for every individual employee (IV) Unity of command (C) One head and one plan (I) Unity of direction (D) Remuneration should be just and equitable (II) Remuneration of employees |
| 17. 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 | Standardisation of work is a technique developed by F.W. Taylor in scientific management, which involves establishing fixed procedures, sizes, and types to reduce variations in tasks and improve efficiency. |
| 18. Match List-I with List-II on the basis of Management Principles: (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 |
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) | Let's match each concept from List-I with the appropriate management term from List-II: (A) Employees turnover should be minimised (I) Stability of personnel (B) Emphasises kindness and justice (II) Equity (C) Chain of authority and communication from top to bottom (IV) Scalar chain (D) Promotes team spirit (III) Esprit de corps |
| 19. 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 | The "Online Booking of Air Tickets" falls under the technical dimension of the business environment as it involves the use of technology. |
| 20. 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 | The money supply affects inflation, interest rates, and business investments, making it a crucial aspect of the economic environment. |
| 21. 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. |
| 22. 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 and product focus are specific to business strategy rather than the environment itself. |
| 23. 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) | The correct sequence for the planning function is: (A) Setting objectives, (C) Developing premises, (B) Identifying alternative courses of action, and (D) Evaluating alternative courses of action. |
| 24. Identify the correct sequence of Selection process: (A) Selection decision (B) Employment interview (C) Selection tests (D) Reference checking |
(4) (C), (B), (D), (A) | The selection process typically follows these steps: (C) Selection tests, (B) Employment interviews, (D) Reference checking, and finally, (A) Selection decision. |
| 25. "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 is a collaborative program where educational institutions and businesses work together to offer students real-world experience in their field of study. |
| 26. 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 |
(3) (A) - (I), (B) - (II), (C) - (IV), (D) - (III) | Let's match the descriptions in List-I with the corresponding HR concepts in List-II: (A) Choosing the most appropriate candidate (I) Selection (B) Candidate is given an introduction to superiors (II) Orientation (C) Learning the skills related to a job (IV) Training (D) Searching for prospective employees (III) Recruitment |
| 27. 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 refers to the process of encouraging and stimulating individuals to take actions that align with the organization's goals. |
| 28. 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) | According to Maslow's hierarchy, the needs follow this order: (B) Safety and Security needs, followed by (A) Belongingness needs, then (D) Esteem needs, and finally (C) Self-actualisation needs. |
| 29. ______ 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 is the ability to influence and guide others towards achieving organizational goals. |
| 30. 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 is designed to ensure that organizational goals are achieved and that order and discipline are maintained. |
| 31. 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) | The controlling process begins with (C) Setting up standards, followed by (B) Measurement of actual performance. Next, (D) Comparison of actual performance with standards is done, and finally (A) Analysing deviations. |
| 32. "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 | This statement illustrates the concept of critical point control, where certain factors can have a disproportionate impact on operations compared to other factors. |
| 33. 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 | The ability to easily sell financial assets indicates the provision of liquidity, which is the primary function of financial markets. |
| 34. 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 | In the consumer dispute redressal system, if a party is dissatisfied with a decision made by the District Commission, they can appeal to the State Commission within 45 days. |
| 35. 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 | This statement emphasizes that businesses have a responsibility towards their consumers, who are important stakeholders. |
| 36. 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 statement refers to the consumer's right to access a variety of products at competitive prices, which directly corresponds to the Right to be Assured. |
| 37. 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 | The description matches the process of an "Offer for Sale,” where a company sells its securities in bulk ("en bloc") to a broker at an agreed price. |
| 38. Match List-I with List-II on the basis of meaning and the term: (A) Right to command (B) Obligation to perform task (C) Accountability (D) Basis of management hierarchy |
(4) (A) - (III), (B) - (IV), (C) - (I), (D) - (II) | Let's match the meanings from List-I with the corresponding terms from List-II: (A) Right to command (III) Authority (B) Obligation to perform task (IV) Responsibility (C) Accountability (I) Answerability (D) Basis of management hierarchy (II) Delegation |
| 39. 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) | The organizing function in management unfolds in a specific sequence: (C) Identification and division of work, (B) Departmentalisation, (D) Assignment of duties, and (A) Establishing authority and reporting relationships. |
| 40. 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. (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 | Let's evaluate each statement to determine which accurately represents a formal organization: (A) This is correct (B) This is true (C) This is incorrect (D) This statement is correct |
| 41. The informal organisation offers many benefits. Important among them are given below: (A) Prescribed lines of communication are not followed. (B) It helps to fulfil the social needs of the members. (C) It contributes towards fulfilment of organisational objectives. (D) Unity of command is maintained through an established chain of command. |
(2) (A), (B) and (C) only | (A) This is true. Informal organizations do not follow prescribed communication lines, leading to faster information spread and quicker feedback. (B) This is also correct. (C) This is correct. (D) This is incorrect. |
| 42. 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) | The correct sequence of the trading and settlement procedure is: 1. (A) Broker Client Agreement 2. (B) Demat Account Opening 3. (D) Broker Connects to Exchange 4. (C) Order Confirmation |
| 43. 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 primary market refers to the market where new securities are issued for the first time, either by companies or governments. In contrast, the secondary market is where existing securities are traded among investors after they have been issued. |
| 44. Qualities of successful entrepreneur do not include: (1) Initiative (2) Self-confidence (3) Risk avoider (4) Wealth creators |
(3) Risk avoider | Successful entrepreneurs are often distinguished by their willingness to take calculated risks. |
| 45. 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 | The actions described fall under the regulatory functions of SEBI (Securities and Exchange Board of India). |
| 46. 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 | The main objective of financial management is to maximize the value of the company, which directly enhances shareholders' wealth. |
| 47. 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 involves forecasting future financial needs and determining how to meet those needs by aligning available funds with expected requirements. |
| 48. 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 financing tends to be cheaper than equity financing, but it comes with the risk of mandatory interest payments and principal repayment. |
| 49. “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 | The statement emphasizes how coordination helps align different, unrelated interests into a collective effort towards achieving a common objective. |
| 50. 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 | By installing a waste recycling plant and providing employment while also focusing on reducing waste, Akash Industries is addressing a social objective. |
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