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CUET (UG) entrance exam Question Bank Solutions for Business Studies

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Business Studies
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Which of the following is true regarding Organisational Structure?

[5] Organising
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Which of the following is a disadvantage of divisional structure?

[5] Organising
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What does workforce analysis reveal?

[4] Planning
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While 'selecting an alternative' under the planning process, which of the following are considered?

[4] Planning
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It has been made compulsory to settle all trades within how many days of the trade date on a rolling settlement basis?

[10] Financial Markets
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Which of the following is not the element of Directing?

[7] Directing
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Which of the following statements is false with respect to Planning?

[4] Planning
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'Workload Analysis' includes which of the following.

[6] Staffing
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Financial planning takes into consideration which of the following :

[9] Business Finance
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Assertion (A): Planning is a time-saving process.

Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.

[4] Planning
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Your mother purchased a washing machine for Rs. 10,000 from an authorised dealer of the manufacturer with a verbal guarantee that the machine will be replaced with a new one if any of its parts becomes defective within 3 months from the date of purchase. The motor of the machine was burnt within 15 days of its purchase. On complaining, the seller refused to replace the machine. Name the redressal agency under Consumer Protection Act where your mother can file the complaint.

[12] Consumer Protection
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______ ensures that the heads of separate business units in the organisation are responsible for profit or loss of their unit and have authority over it. 

[5] Organising
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Which type of organisational structure is the most suitable when the size of the organisation is large and is producing one line of product?

[5] Organising
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Hemu' s mother gifted her shares of a large IT company. The securities were in physical form. She has a bank account but does not possess any other forms of security. She wanted to sell the shares and approached a registered broker. Which of the following is a mandatory detail which she needs to provide the broker?

[10] Financial Markets
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Mr. X purchased a car for Rs.15 lakh but he is not satisfied with the quality and performance of the car. The company of the car did not provide any remedy to him. Under which authority of Consumer Protection Act, 2019 can he file an appeal?

[12] Consumer Protection
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Which of the following is not an objective of financial planning?

[9] Business Finance
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Match the ELEMENTS of Directing in Column I with their correct EXPLANATION in Column II.

  Column I   Column II
(1) Supervision (i) Process of influencing people to strive willingly for group objectives.
(2) Motivation (ii) Process of stimulating people to action to accomplish desired goals of organisation.
(3) Leadership (iii) Process of exchange of ideas between or among persons and create understanding.
(4) Communication (iv) Process of overseeing the work.
[7] Directing
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______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature.

[5] Organising
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Read the following text and answer the questions given below:

'Pappu Sweets Makers' is a sweets making company which has turnover in crores. In order to manage the work in the organisation, the departments have been created on the basis of functions. Examine the following situations of this organisation and give answers accordingly :

Situation 1: It is expected that employees who are performing similar tasks work under the same department. So the company now has HR, Marketing and Finance departments. The division is based on specific functions.

Situation 2: There are similarities in the tasks performed within the same department.

Situation 3: The profit is increasing month by month due to the success of this structure of the organisation.

Situation 4: There has been minimum duplication of efforts as the same department is taking care of single function.

Which type of organisation structure is discussed in the above case?

[5] Organising
Chapter: [5] Organising
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Read the following text and answer the questions given below:

'Pappu Sweets Makers' is a sweets making company which has turnover in crores. In order to manage the work in the organisation, the departments have been created on the basis of functions. Examine the following situations of this organisation and give answers accordingly :

Situation 1: It is expected that employees who are performing similar tasks work under the same department. So the company now has HR, Marketing and Finance departments. The division is based on specific functions.

Situation 2: There are similarities in the tasks performed within the same department.

Situation 3: The profit is increasing month by month due to the success of this structure of the organisation.

Situation 4: There has been minimum duplication of efforts as the same department is taking care of single function.

Why do you think the profit is increasing as given in Situation 3?

[5] Organising
Chapter: [5] Organising
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