Q1:

Principles of Management

Easy

Identify the Principle of Management where Taylor pioneered the introduction of method of scientific inquiry into the domain of management practice.

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 1

Q2:

Principles of Management

Medium

List-IList-II
(A) Obedience to organisational rules(I) Unity of direction
(B) One boss for every individual employee(II) Remuneration of employees
(C) One head and one plan(III) Discipline
(D) Remuneration should be just and equitable(IV) Unity of command

Match List-I with List-II on the basis of Management Principles

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 2

Q3:

Principles of Management

Conceptual

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?

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 3

Q4:

Principles of Management

Medium

List-I
(Meaning)
List-II
(Term)
(A) Employees turnover should be minimised(I) Stability of personnel
(B) Emphasises kindliness and justice(II) Equity
(C) Chain of authority and communication from top to bottom(III) Espirit de corps
(D) Promotes team spirit(IV) Scalar chain

Match List-I with List-II on the basis of Management Principles

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 4

Q5:

Business Environment

Hard

Under which dimension of business environment is 'Online Booking of Air Tickets' included?

Answer options
Option Drop
Correct Answer
Explanation for 2024 BST question 5

Q6:

Business Environment

Conceptual

Which of the following is an example of economic environment?

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 6

Q7:

Business Environment

Medium

Which of the following is an example of legal environment?

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 7

Q8:

Business Environment

Medium

Which of the following does not characterise business environment?

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 8

Q9:

Planning

Medium

(A) Setting objectives

(B) Identifying alternative courses of action

(C) Developing premises

(D) Evaluating alternative courses of action

Identify the correct sequence of steps under the Planning function

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 9

Q10:

Staffing

Medium

(A) Selection decision

(B) Employment interview

(C) Selection tests

(D) Reference checking

Identify the correct sequence of the selection process:

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 10

Q11:

Staffing

Medium

It is a joint programme of training in which educational institutions and business firms cooperate.' Identify the method of training.

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 11

Q12:

Staffing

Easy

Match List-I with List-II on the basis of meaning and name of the concept

List-IList-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(III) Recruitment
(D) Searching for prospective employees(IV) Training
Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 12

Q13:

Directing

Medium

Which of the following is a process of incitement or inducing subordinates to act in a desired manner to achieve organisational goals?

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 13

Q14:

Directing

Medium

(A) Belongingness needs

(B) Safety and Securityneeds

(C) Self-actualisation needs

(D) Esteem needs

Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory:

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 14

Q15:

Directing

Medium

_____ is a process of influencing the behaviour of people by making them strive voluntarily towards achievement of organisational goals

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 15

Q16:

Controlling

Hard

Which of the following is not a limitation of Controlling?

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 16

Q17:

Controlling

Medium

(A) Analysing deviations

(B) Measurement of actual performance

(C) Setting up standards

(D) Comparison of actual performance with standards

Identify the correct sequence of Controlling process:

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 17

Q18:

Controlling

Medium

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 direction.

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 18

Q19:

Financial Markets

Easy

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.'

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 19

Q20:

Consumer Protection

Easy

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.

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 20

Q21:

Consumer Protection

Medium

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.'

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 21

Q22:

Consumer Protection

Medium

Identify the Consumer Right - 'The consumer has the freedom to access variety of products at competitive prices. This implies that the marketer should offer a wide variety of products in terms of quality, brand, prices, size, etc.'

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 22

Q23:

Financial Markets

Medium

Identify the method of floatation in Primary Market wherein a company sells securities enbloc at an agreed price to a broker.

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 23

Q24:

Directing

Medium

Match List-I with List-II on the basis of meaning and the term

List-I
(Meaning)
List-II
(Term)
(A) Right to command(I) Answerability
(B) Obligation to perform task(II) Delegation
(C) Accountability(III) Authority
(D) Basis of management hierarchy(IV) Responsibility
Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 24

Q25:

Organising

Medium

(A) Establishing authority and reporting relationships

(B) Departmentalisation

(C) Identification and division of work

(D) Assignment of duties

Identify the correct sequence of Organising function of management.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 25

Q26:

Organising

Medium

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.

Which of the following options are correct ?

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 26

Q27:

Organising

Medium

(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.

The informal organisation offers many benefits. Important among them are given below:

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 27

Q28:

Financial Markets

Medium

(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.

Identify the correct sequence of trading & settlement procedure:

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 28

Q29:

Financial Markets

Easy

The market where existing securities are bought and sold is known as _______.

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 29

Q30:

Entrepreneurship Development

Medium

Qualities of successful entrepreneur do not include:

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 30

Q31:

Financial Markets

Medium

Identify the function performed by SEBI: 'It controls insider trading, takeover bids and imposes penalties for such practices.'

Answer options
Option 1,2
Correct Answer
Explanation for 2024 BST question 31

Q32:

Business Finance

Easy

Financial management aims at choosing the best investment and financing alternatives by focusing on their costs and benefits. Its objective is to:

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 32

Q33:

Business Finance

Medium

A proper matching of funds requirements and their availability is sought to be achieved by _______.

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 33

Q34:

Business Finance

Medium

Debt is _______ but is more _______ for a business, the payment of interest and the return of principal is obligatory for the business.

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 34

Q35:

Nature & Significance

Easy

Coordination unifies unrelated interests into purposeful work activity.' Identify the nature of coordination.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 35

Q36:

Nature & Significance

Medium

Akash Industries has installed a waste recycling plant in its premises and does not dump its waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing this effective activity.

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 36

Q37:

Nature & Significance

Easy

Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards these aims.' From the above statement, identify the feature of management.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 37

Q38:

Nature & Significance

Easy

The key position of top-level management is:

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 38

Q39:

Staffing

Medium

List - IList - II
(A) Intelligence test(I) Indicator of a person's capacity to develop
(B) Aptitude test(II) Clues to a person's emotions, values, etc.
(C) Personality test(III) Measure existing skills of the individual
(D) Trade test(IV) Indicator of a person's learning ability and ability to make judgements

Match List-I with List-II

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 39

Q40:

Organising

Medium

(A) Leads to occupational specialisation.

(B) Places less emphasis on organisational objectives.

(C) Promotes coordination and control within a department.

(D) Increases operational efficiency.

Which of the following are advantages of functional structure of an organisation?

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 40

Q41:

Marketing

Medium

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. 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. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over all the competitions in the market and their market share is rising continuously.

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.'

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 41

Q42:

Marketing

Medium

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. 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. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over all the competitions in the market and their market share is rising continuously.

Identify the element of marketing mix in the following statement: 'The taste, quality and packing are given utmost care.'

Answer options
Option 1
Correct Answer
Explanation for 2024 BST question 42

Q43:

Marketing

Medium

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. 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. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over all the competitions in the market and their market share is rising continuously.

They are able to charge higher price than their competitors.' Which element of marketing mix is discussed in the statement?

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 43

Q44:

Marketing

Medium

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. 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. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over all the competitions in the market and their market share is rising continuously.

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.

Answer options
Option 3
Correct Answer
Explanation for 2024 BST question 44

Q45:

Marketing

Medium

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. 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. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like: Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over all the competitions in the market and their market share is rising continuously.

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?

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 45

Q46:

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that 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.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

Identify the function of management highlighted in the above case.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 46

Q47:

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that 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.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

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.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 47

Q48:

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that 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.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

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.

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 48

Q49:

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that 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.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

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.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 49

Q50:

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that 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.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

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.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 50

CUET Business Studies 2024 Past Year Question Paper

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CUET Business Studies past year questions (PYQs) are the closest thing to the real exam, so working through them is the quickest way to learn the paper pattern, the marking scheme and the level of difficulty to expect on the day.