CUET Business Studies - Business Studies - Planning | Free Questions - Page 4

Q1:

2025: 16 May Shift 1

Business Studies

>

Planning

Easy

Which of the following is not a feature of Planning?

Planning is pervasive

Futuristic and involves decision making

One-time activity

A primary function of management

Correct Answer

Option 3

Correct Answer

Explanation

Q2:

2025: 16 May Shift 1

Business Studies

>

Planning

Easy

____________ is usually developed once but is modified from time to time to meet business needs as required.

Standing Plan

Single-use Plan

Short term plans

Strategic plans

Correct Answer

Option 1

Correct Answer

Explanation

Q3:

2025: 16 May Shift 1

Business Studies

>

Planning

Easy

______ lays down the course of action selected to guide and determine present and future decisions.

Procedures

Policy

Plans

Methods

Correct Answer

Option 2

Correct Answer

Explanation

Q4:

2025: 16 May Shift 1

Business Studies

>

Planning

Easy

Choose the correct order of planning process.

(A) Developing Premises

(B) Evaluating alternative courses

(C) Identifying alternative courses of action

(D) Implementing the plan

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation

Q5:

2025: 15 May Shift 2

Business Studies

>

Planning

Easy

The ends which the management seeks to achieve by its operations are:

Rule

Objectives

Policy

Method

Correct Answer

Option 2

Correct Answer

Explanation

Q6:

2025: 15 May Shift 2

Business Studies

>

Planning

Easy

Identify the correct sequence of steps in the Planning Process:

(A) Evaluating alternative courses

(B) Implementing the plan

(C) Selecting an alternative

(D) Follow-up action

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation

Q7:

2025: 15 May Shift 2

Business Studies

>

Planning

Easy

Match List-I with List-II

List-I	List-II
(Indicative explanation)	(Features and importance of planning)
(A) Involves looking ahead	(I) Reduces the risk of uncertainty
(B) Anticipate changes	(II) Mental exercise
(C) Activity of thinking rather than doing	(III) Futuristic
(D) Encourages new ideas	(IV) Innovative

Choose the correct answer from the options given below:

(A) (I), (B) (II), (C) (III), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) (IV), (C) (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation

Q8:

2025: 15 May Shift 2

Business Studies

>

Planning

Easy

The Limitations of Planning are:

(A) It reduces creativity

(B) It works in a dynamic environment.

(C) It involves huge costs

(D) It is time-consuming

Choose the correct answer from the options given below:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation

Q9:

2025: 15 May Shift 1

Business Studies

>

Planning

Easy

In business, a manager is required to make certain assumptions about the future regarding a particular product, demand of that product, tax rates etc. This is called:

Developing premises

Setting objectives

Selecting an alternative plan

Implementing the plan

Correct Answer

Option 1

Correct Answer

Explanation

Q10:

2025: 15 May Shift 1

Business Studies

>

Planning

Easy

Which of the following is a characteristic of planning?

It brings rigidity.

It increases the risk of uncertainty.

It involves decision making.

It leads to redundant and overlapping activities.

Correct Answer

Option 3

Correct Answer

Explanation

Q11:

2025: 15 May Shift 1

Business Studies

>

Planning

Medium

Rita has been promoted as the planning head and the company is planning to launch a new product. What will be the correct sequence of the steps in the planning of the new product?

Set the objective, develop premises, evaluate and select alternate course of action, implement the plan, follow-up action.

Set the objective, identify and select the alternatives, implement the plan, develop the premises and follow-up action.

Developing premises for new products, setting objectives, identifying alternative options, implementing the plan.

Generation of ideas, implementing the alternatives, premise development and follow-up action.

Correct Answer

Option 1

Correct Answer

Explanation

Q12:

2025: 15 May Shift 1

Business Studies

>

Planning

Medium

Match List-I with List-II

Items	Description
(A) Budget	(I) Future decisions defining the organisation's direction and scope to acquire a dominant position.
(B) Procedure	(II) A control device from which deviations can be taken care of.
(C) Policy	(III) Routine steps in chronological order.
(D) Strategy	(IV) Guide to managerial actions and decisions in the implementation of a business strategy.

Choose the correct answer from the options given below:

(A)- (II), (B) - (III), (C) (IV), (D) - (I)

(A)- (III), (B) - (I), (C) (II), (D) - (IV)

(A) (I), (B) - (II), (C) - (IV), (D) - (III)

(A) (III), (B) - (IV), (C) (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation

Q13:

2025: 14 May Shift 2

Business Studies

>

Planning

Easy

Match List-I with List-II

List-I	List-II
Types of plan	Description
(A) Policies	(I) General statement or understanding that guides thinking in decision-making.
(B) Rules	(II) Detailed statement about a project.
(C) Procedures	(III) Pre-determined decision which has to be applied in special circumstances.
(D) Programme	(IV) Exact way of doing work

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation

Q14:

2025: 14 May Shift 2

Business Studies

>

Planning

Medium

In the context of the types of plan, identify the correct statement.

Objectives need to be expressed in specific terms.

Policy refers to specific statements which are decided for the guidance of top management only.

Procedure refers to the plan which tells us what is to be done and what not to be done.

Rules refer to a plan that covers a large organizational activity and specifies main steps and its orders.

Correct Answer

Option 1

Correct Answer

Explanation

Q15:

2025: 14 May Shift 2

Business Studies

>

Planning

Easy

"A manager starts planning before the work begins and when work is accomplished, planning for the other work starts". Identify the feature of planning reflected by the given statement.

Planning is goal oriented

Planning is pervasive

Planning is continuous

Planning is forecasting

Correct Answer

Option 3

Correct Answer

Explanation

Q16:

2025: 14 May Shift 1

Business Studies

>

Planning

Easy

Match List-I with List-II

List-I	List-II
Decision	Factor affecting the decision
(A) Detailed Statement	(I) Method
(B) Prescribed Way	(II) Rule
(C) What is to be done?	(III) Programme
(D) Routine steps	(IV) Procedure

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation

Q17:

2025: 14 May Shift 1

Business Studies

>

Planning

Easy

_______involves setting objectives and developing appropriate courses of action to achieve these objectives.

Controlling

Directing

Planning

Organising

Correct Answer

Option 3

Correct Answer

Explanation

Q18:

2025: 13 May Shift 2

Business Studies

>

Planning

Easy

Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises

(B) Set objectives

(C) Select an alternative

(D) Implement the plan

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(B), (A), (C), (D)

Correct Answer

Option 4

Correct Answer

Explanation

Q19:

2025: 13 May Shift 2

Business Studies

>

Planning

Easy

Since the future cannot be predicted with absolute accuracy, ___________ premises may not be fully reliable.

Delegating

Planning

Coordination

Controlling

Correct Answer

Option 2

Correct Answer

Explanation

Q20:

2025: 13 May Shift 2

Business Studies

>

Planning

Easy

A ______ is general statement that guides thinking or channelizes energies towards a particular direction.

Rule

Process

Policy

Programme

Correct Answer

Option 3

Correct Answer

Explanation

Q21:

2025: 13 May Shift 2

Business Studies

>

Planning

Medium

Which of the following are important features of the 'Budget'?

(A) The budget is a single-use plan containing expected results in theoretical terms only.

(B) Budgets may be expressed in terms of time, materials or other suitable units capable of numerical expression.

(C) The budget is a plan which quantifies future facts and figures.

(D) The budget projects the expected revenues and expenses for a given period.

Choose the correct answer from the options given below:

(B), (C) and (D) only

(A), (B) and (C) only

(A), (B) and (D) only

(A), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation

Q22:

2025: 13 May Shift 2

Business Studies

>

Planning

Easy

Which of the following is the feature of planning?

Planning focuses on achieving objectives

Planning ensures success

Planning identifies the deviations and makes corrections

Planning groups important activities into workable units

Correct Answer

Option 1

Correct Answer

Explanation

Q23:

2025: 13 May Shift 1

Business Studies

>

Planning

Easy

_______ involves setting objectives, developing appropriate courses of action and providing a rational approach to achieve these objectives.

Planning

Organising

Coordination

Controlling

Correct Answer

Option 1

Correct Answer

Explanation

Q24:

2025: 13 May Shift 1

Business Studies

>

Planning

Easy

Which of the following states that a specific and definite action is to be taken or not to be taken?

Rule

Policy

Strategy

Procedure

Correct Answer

Option 1

Correct Answer

Explanation

Q25:

2025: 13 May Shift 1

Business Studies

>

Planning

Easy

Arrange the following steps of planning process in a logical sequence

(A) Making certain assumptions about the future

(B) Selecting the best possible and viable alternative

(C) Weighing the pros and cons of each alternative

(D) Monitoring the plan to ensure that objectives are achieved

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation

Q26:

2025: 13 May Shift 1

Business Studies

>

Planning

Easy

Planning is an important function of management which involves defining the following:

(A) Setting objectives

(B) Deciding on plans, actions and strategies to achieve organisational goals

(C) Allocating and arranging resources

(D) Motivating and inspiring people to perform better

Choose the correct answer from the options given below:

(A), (B) and (D) only

(A) and (B) only

(A), (B) and (C) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation

Q27:

2025: 13 May Shift 1

Business Studies

>

Planning

Easy

Match List-I with List-II

List-I	List-II
(A) Strategy	(I) Prescribed way of doing a task
(B) Method	(II) Detailed statements about a project
(C) Programme	(III) Exact manner in which a particular activity is to be done
(D) Procedure	(IV) Comprehensive plan for accomplishing objectives

Choose the correct answer from the options given below:

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation

Q28:

2024

Business Studies

>

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

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation

Q29:

2024

Business Studies

>

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.

It plans to increase its business operations all around the world.
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.
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.
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.
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.

Organising

Staffing

Directing

Planning

Correct Answer

Option 4

Correct Answer

Explanation

Q30:

2024

Business Studies

>

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.

It plans to increase its business operations all around the world.
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.
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.
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.
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.

Facilitates decision making

Reduces overlapping and wasteful activities

Reduces risks of uncertainty

Provides direction

Correct Answer

Option 4

Correct Answer

Explanation

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