| Updated On - Nov 25, 2024
CUET Business Studies Question Paper 2024 (Set B) is available here for Download. NTA is going to conduct CUET 2024 Business Studies paper on 17 May in Shift 2A from 3 PM to 3:45 PM. CUET Business Studies Question Paper 2024 is based on objective-type questions (MCQs). Candidates get 45 minutes to solve 40 MCQs out of 50 in CUET 2024 question paper for Business Studies.
CUET Business Studies Question Paper 2024 (Set B) PDF Download
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CUET 2024 Business Studies Answer Key (Set B)
| Question (with Options) | Answer Key | Solution |
|---|---|---|
| Identify the correct sequence of Organising function of management. (A) Establishing authority and reporting relationships (B) Departmentalisation (C) Identification and division of work (D) Assignment of duties 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) |
(4) (C), (B), (D), (A) | The organizing function begins with identifying and dividing work (C), followed by grouping tasks into departments (B). Duties are then assigned (D), and authority/reporting relationships are established (A). |
| Identify the Consumer Right – “The consumer has the freedom to access variety of products at competitive prices.” (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 describes the right to choose from a variety of products, a core aspect of the Right to be Assured. It ensures diverse choices and fair competition. |
| Identify the method of floatation in 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 its securities in bulk to a broker at a pre-determined price. This avoids complexities of public offerings. |
| Match List-I with List-II on the basis of meaning and the term: (A) Right to command - (III) Authority (B) Obligation to perform task - (IV) Responsibility (C) Accountability - (I) Answerability (D) Basis of management hierarchy - (II) Delegation Choose the correct answer: (1) (A)- (I), (B)- (II), (C)- (III), (D)- (IV) (2) (A)- (I), (B)- (III), (C)- (II), (D)- (IV) (3) (A)- (II), (B)- (III), (C)- (IV), (D)- (III) (4) (A)- (III), (B)- (IV), (C)- (I), (D)- (II) |
(4) (A)- (III), (B)- (IV), (C)- (I), (D)- (II) | Authority grants the right to command (A-III). Responsibility is the duty to perform (B-IV). Accountability implies answerability (C-I). Delegation establishes hierarchy (D-II). |
| The formal organisation can be better understood by studying its features: (A) Specifies relationships among job positions and inter-relationships. (B) Aims to achieve objectives through rules and procedures. (C) Encourages independent communication. (D) Deliberately designed by top management. Which of the following options are correct? (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 | Features (A), (B), and (D) are of formal organisations. Independent communication (C) is typical of informal organisations. |
| The informal organisation offers many benefits: (A) Prescribed lines of communication are not followed. (B) Helps fulfil social needs and enhances job satisfaction. (C) Compensates for inadequacies in formal organisation. (D) Unity of command is maintained through a 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 promote faster communication (A), fulfil social needs (B), and support organisational objectives (C). Unity of command (D) is a formal organisation feature. |
| 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 goes online and connects to the 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) (A), (B), (D), (C) |
(4) (A), (B), (D), (C) | The process starts with a broker-client agreement (A), followed by opening a Demat account (B), connecting to the stock exchange (D), and issuing a confirmation slip (C). |
| 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 the trading of existing securities between investors. It differs from the primary market, which deals with new securities. |
| Qualities of successful entrepreneurs do not include: (1) Initiative (2) Self-confidence (3) Risk avoider (4) Wealth creators |
(3) Risk avoider | Successful entrepreneurs are willing to take calculated risks. Risk avoidance is contrary to entrepreneurial qualities like initiative, confidence, and wealth creation. |
| 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 involves enforcing rules, controlling insider trading, and ensuring fair market practices. |
| 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 primary objective of financial management is maximizing shareholder wealth through effective decision-making and investment strategies. |
| 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 ensures a balance between future financial requirements and their sources, aligning resources with goals. |
| 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 is cost-effective due to tax-deductible interest but carries higher risk as repayment obligations are fixed, regardless of business performance. |
| “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 aligns diverse interests and efforts, ensuring that all actions contribute toward shared organizational objectives. |
| Akash Industries has installed a waste recycling plant and provides employment. Identify the objective of management being achieved. (1) Social objective (2) Economic objective (3) Personal objective (4) Growth |
(1) Social objective | By addressing environmental concerns and creating employment opportunities, Akash Industries fulfills its social responsibility objective. |
| “Management always works by keeping an end result or aim of the organization.” 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 focuses on achieving specific goals through structured activities, reflecting its goal-oriented nature. |
| 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 is responsible for strategic decisions and leading the organization at the top management level. |
| Match List-I with List-II. List-I (A) Intelligence test (B) Aptitude test (C) Personality test (D) Trade test List-II (I) Capacity to develop (II) Emotions and values (III) Existing skills (IV) Learning ability and judgment Choose the correct answer: (1) (A)- (I), (B)- (II), (C)- (III), (D)- (IV) (2) (A)- (IV), (B)- (I), (C)- (II), (D)- (III) (3) (A)- (II), (B)- (III), (C)- (I), (D)- (IV) (4) (A)- (I), (B)- (III), (C)- (IV), (D)- (II) |
(2) (A)- (IV), (B)- (I), (C)- (II), (D)- (III) | Intelligence tests (IV) assess learning ability, aptitude tests (I) measure capacity, personality tests (II) explore traits, and trade tests (III) evaluate existing job skills. |
| Which of the following are advantages of functional structure? (A) Leads to occupational specialization. (B) Places less emphasis on organizational objectives. (C) Promotes coordination and control within a department. (D) Increases operational efficiency. Choose the correct answer: (1) (A), (B), and (C) only (2) (A) and (B) only (3) (A), (C), and (D) only (4) (C) and (D) only |
(3) (A), (C), and (D) only | Functional structures enhance specialization (A), streamline departmental control (C), and improve efficiency (D). |
| In the above case, “Just Foodie” is using various variables of the Marketing Mix. Identify the variable used in the statement: “To make their products available to customers at the 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 distribution strategy involves ensuring product availability through various channels, addressing the physical distribution aspect of the marketing mix. |
| Identify the element of the marketing mix in the statement: “The taste, quality, and packing are given utmost care.” (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix |
(1) Product mix | The focus on product attributes such as taste, quality, and packaging relates to the product element of the marketing mix. |
| “They are able to charge higher prices 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 highlights pricing strategy as a key component of the price mix in the marketing strategy. |
| “To increase their sales, they are using different offers like: Free gifts, Cashbacks, etc. They are offering discounts to customers on various occasions.” Identify the marketing mix element. (1) Product mix (2) Price mix (3) Promotion mix (4) Physical distribution mix |
(3) Promotion mix | The statement describes promotional activities such as discounts and cashbacks, which are elements of the promotion mix. |
| Which tool of the promotion mix is used in the statement: “Free gifts, Cashbacks, and discounts are offered to increase sales”? (1) Advertisement (2) Sales promotion (3) Personal selling (4) Publicity |
(2) Sales promotion | Sales promotion is aimed at stimulating short-term consumer demand using incentives like free gifts and discounts. |
| Identify the function of management highlighted in the case of Indian Oil’s plans to expand globally and anticipate future challenges. (1) Organising (2) Staffing (3) Directing (4) Planning |
(4) Planning | Planning involves setting organizational goals, preparing strategies, and anticipating future challenges, as highlighted in Indian Oil's strategic objectives. |
| “If the goals are well-defined, employees are aware of what the organization has to do and what they must do to achieve those goals.” Identify the significance of the managerial function. (1) Facilitates decision making (2) Reduces overlapping and wasteful activities (3) Reduces risks of uncertainty (4) Provides direction |
(4) Provides direction | Clearly defined goals provide employees with a sense of purpose and direction, guiding their actions towards organizational objectives. |
| “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. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making |
(2) Reduces risks of uncertainty | Anticipating and preparing for potential challenges helps in reducing uncertainty and enables proactive management. |
| “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. (1) Facilitates decision making (2) Reduces risks of uncertainty (3) Provides direction (4) Reduces overlapping and wasteful activities |
(3) Provides direction | Policies create a framework for structured action, providing clarity and reducing ambiguity within the organization. |
| “Managers can look into the future and make a choice from among various alternative courses of action.” Identify the significance of the managerial function. (1) Provides direction (2) Reduces risks of uncertainty (3) Reduces overlapping and wasteful activities (4) Facilitates decision making |
(4) Facilitates decision making | Decision-making involves evaluating different options and selecting the best course of action based on future projections and organizational needs. |
| Identify the Principle of Management where Taylor introduced the method of scientific inquiry into 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 principle emphasized using systematic observation and analysis instead of guesswork to improve efficiency and processes. |
| Match List-I with List-II on the basis of Management Principles: List-I (A) Obedience to organizational 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 Choose the correct answer: (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) | Each term matches its management principle: (A) Discipline, (B) Unity of command, (C) Unity of direction, (D) Remuneration of employees. |
| The aim of which technique given by F.W. Taylor is to reduce 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 ensures consistency and reduces waste by defining fixed specifications for processes and products. |
| Match List-I with List-II: List-I (Meaning) (A) Employees turnover should be minimized (B) Emphasizes 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) Scalar chain (IV) Esprit de corps Choose the correct answer: (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) | Each term corresponds to a principle: (A) Stability of personnel, (B) Equity, (C) Scalar chain, (D) Esprit de corps. |
| 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 represents a technological advancement, fitting into the technical dimension of the business environment. |
| Which of the following is an example of economic environment? (1) Money supply in the economy (2) Constitution of the country (3) Life expectancy (4) Population shifts |
(1) Money supply in the economy | The money supply impacts economic activity, interest rates, and investment, making it a core component of the economic environment. |
| 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 directly impacting labor relations, making it part of the legal environment. |
| Which of the following does not characterize business environment? (1) Inter-related (2) External forces (3) Market orientation and product (4) Relativity |
(3) Market orientation and product | Market orientation and product are not defining features of the business environment, which is characterized by external forces and interrelated dynamics. |
| 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 Choose the correct answer: (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) | Planning involves first setting objectives, then developing premises, identifying alternatives, and finally evaluating those alternatives. |
| Identify the correct sequence of the Selection process: (A) Selection decision (B) Employment interview (C) Selection tests (D) Reference checking Choose the correct answer: (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 begins with tests, followed by interviews, reference checking, and finally the selection decision. |
| “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 combines academic education with practical work experience through cooperation between educational institutions and business firms. |
| 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 Choose the correct answer: (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) | (A) Selection involves choosing the most suitable candidate. (B) Orientation is about familiarizing new employees with their role and colleagues. (C) Training focuses on developing job-related skills. (D) Recruitment is the process of identifying potential candidates. |
| “ 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 involves inspiring and guiding individuals to voluntarily work toward achieving organizational goals. |
| 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 | Ensuring order and discipline is an advantage of controlling, not a limitation. |
| Identify the correct sequence of Controlling process: (A) Analyzing deviations (B) Measurement of actual performance (C) Setting up standards (D) Comparison of actual performance with standards Choose the correct answer: (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 controlling process starts with setting up standards, then measuring performance, comparing it with standards, and finally analyzing deviations. |
| “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 monitoring significant factors that can have a major impact on outcomes even with small changes. |
| 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 channelizing them into the most productive uses |
(2) Provide liquidity to financial assets | Financial markets enhance liquidity by enabling the quick buying or selling of financial assets without significant price changes. |
| 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 | The hierarchical structure of consumer dispute redressal allows for appeals from the District Commission to the State Commission, ensuring a stepwise resolution of disputes. |
| 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 | The statement highlights the ethical obligation of businesses to protect consumer interests, aligning with the principle of social responsibility. |
CUET Questions
1. In a 600 m race, the ratio of the speeds of two participants A and B is 4:5. If A has a head start of 200 m, then the distance by which A wins is:
In a 600 m race, the ratio of the speeds of two participants A and B is 4:5. If A has a head start of 200 m, then the distance by which A wins is:
- 500 m
- 200 m
- 100 m
- 120 m
2. Formaldehyde undergoes Cannizzaro reaction because
(A) It has alpha-hydrogen atom.
(B) It does not have alpha-hydrogen atom.
(C) It does not undergo self-oxidation and reduction on heating with concentrated alkali.
(D) It undergoes self-oxidation and reduction on heating with concentrated alkali.
Formaldehyde undergoes Cannizzaro reaction because
(A) It has alpha-hydrogen atom.
(B) It does not have alpha-hydrogen atom.
(C) It does not undergo self-oxidation and reduction on heating with concentrated alkali.
(D) It undergoes self-oxidation and reduction on heating with concentrated alkali.
(A) It has alpha-hydrogen atom.
(B) It does not have alpha-hydrogen atom.
(C) It does not undergo self-oxidation and reduction on heating with concentrated alkali.
(D) It undergoes self-oxidation and reduction on heating with concentrated alkali.
- (A) It has alpha-hydrogen atom
- (B) It does not have alpha-hydrogen atom
- (C) It does not undergo self-oxidation and reduction on heating with concentrated alkali
- (D) It undergoes self-oxidation and reduction on heating with concentrated alkali
3. If \( A = \begin{bmatrix} 5 & 1 \\ -2 & 0 \end{bmatrix} \) and \( B^T = \begin{bmatrix} 1 & 10 \\ -2 & -1 \end{bmatrix} \), then the matrix \( AB \) is:
If \( A = \begin{bmatrix} 5 & 1 \\ -2 & 0 \end{bmatrix} \) and \( B^T = \begin{bmatrix} 1 & 10 \\ -2 & -1 \end{bmatrix} \), then the matrix \( AB \) is:
- \( \begin{bmatrix} 1 & 10 \\ -1 & 0 \end{bmatrix} \)
- \( \begin{bmatrix} 15 & -11 \\ -2 & 4 \end{bmatrix} \)
- \( \begin{bmatrix} 3 & 49 \\ -2 & -20 \end{bmatrix} \)
- \( \begin{bmatrix} 1 & 9 \\ -2 & -20 \end{bmatrix} \)
4. In a series of 4 trials, the probability of getting two successes is equal to the probability of getting three successes. The probability of getting at least one success is:
In a series of 4 trials, the probability of getting two successes is equal to the probability of getting three successes. The probability of getting at least one success is:
- \(\frac{609}{625}\)
- \(\frac{16}{625}\)
- \(\frac{513}{625}\)
- \(\frac{112}{625}\)
6. The correct solution of \(-22 < 8x - 6 \leq 26\) is the interval:
The correct solution of \(-22 < 8x - 6 \leq 26\) is the interval:
- \([-2, 4]\)
- \((-2, 4]\)
- \((-2, 4)\)
- \([-2, 4)\)
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