🚀 Ace Your CUET Business Studies! 🚀
Welcome, aspiring business professionals!
This interactive MCQ quiz is specially designed to help you sharpen your Business Studies knowledge for the upcoming CUET entrance exam.
Test your understanding of key concepts, identify areas for improvement, and boost your confidence before the big day!
💡 How to Use This Quiz:
- Read each question carefully.
- Click on the option you believe is correct.
- Instantly see if you're right or wrong!
- Use the "Show Answer" and "Show Explanation" buttons after attempting the question to solidify your learning.
Let's begin! All the best for your preparation! ✨
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Successful organizations do not achieve goals by chance but by following a deliberate process known as:Answer: D. ManagementExplanation: Management involves a systematic, deliberate process to plan, direct, and achieve organizational objectives effectively.
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The primary function of management is:Answer: A. PlanningExplanation: Planning is the first and foremost function of management, setting the foundation for all other managerial activities.
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Which is not a function of management of the following?Answer: C. Co-operatingExplanation: The universally recognized functions of management include Planning, Organizing, Staffing, Directing, and Controlling—“Co-operating” is not typically listed as one.
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Management is the process of:Answer: D. All of the aboveExplanation: Management encompasses various tasks including overseeing activities, controlling operations, and administering departments effectively.
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Management ensures:Answer: C. Maximum utilisation of resourcesExplanation: A key role of management is to optimize the usage of resources (human, financial, and material) to achieve desired objectives efficiently.
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Which of the following statements is true with reference to principles of management?Answer: A. The principles of management have evolved.Explanation: Management principles are developed over time through observation and experience.
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Principles of management are not:Answer: B. AbsoluteExplanation: Management principles are general guidelines, not rigid rules, hence not absolute.
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Which one is not the Henry Fayol’s principle of management?Answer: B. Differential wagesExplanation: Differential wages are related to Taylor’s scientific management, not Fayol's principles.
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Who is considered as the father of Scientific Management?Answer: B. F. W. TaylorExplanation: F.W. Taylor is regarded as the father of Scientific Management for introducing time studies and work standardization.
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Principles of management provide ________.Answer: B. General guidelinesExplanation: Principles of management are flexible and provide general direction for managerial decision-making.
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Which of the following is not a part of the business environment of business?Answer: D. None of the aboveExplanation: All listed elements—customers, suppliers, and competitors—are integral parts of the business environment.
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Which of the following is not the component of Specific Forces of business environment?Answer: B. CustomersExplanation: Customers are considered a general force rather than a specific force in the business environment.
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Which one of the following is not a feature of business environment?Answer: D. StabilityExplanation: Business environments are dynamic and ever-changing, not stable.
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Which of the following best indicates the importance of business environment?Answer: D. All of themExplanation: Business environment helps in identifying opportunities, improving performance, and adapting to changes.
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Which of the following is not a feature of Business environment?Answer: D. ContinuousExplanation: While business environment is dynamic, “continuous” is not considered a standard feature in textbooks.
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Which of the following is not an impact of Government policy changes on business and industry?Answer: D. Stability in demandExplanation: Demand is often affected by dynamic factors, and government policy changes tend to create uncertainty, not stability.
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Business environment does not include:Answer: D. None of the aboveExplanation: All of the listed entities are core components of a business environment.
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Liberalisation means:Answer: D. All of the aboveExplanation: Liberalisation refers to relaxing government restrictions to promote free-market business practices.
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Liberalisation, Privatisation and Globalisation were introduced in India in:Answer: C. 1992Explanation: Although the LPG reforms were announced in 1991, major implementation phases rolled out by 1992.
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Removal of licensing requirement in most industries except a short list is known as:Answer: B. LiberalisationExplanation: Liberalisation includes deregulation such as eliminating industrial licensing to encourage business growth.
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Selling of a public sector undertaking to a private sector is known as:Answer: B. PrivatisationExplanation: Privatisation refers to the transfer of ownership or management of public sector enterprises to the private sector.
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Which of the following is not a feature of planning?Answer: C. Planning does not lead to rigidityExplanation: One of the criticisms of planning is that it can lead to rigidity in decision-making.
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Planning is:Answer: D. All of the aboveExplanation: Planning includes setting goals, evaluating alternatives, and selecting the most suitable one.
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Which of the following is the first step of planning process?Answer: A. Setting objectivesExplanation: Planning begins with clearly defining goals or desired outcomes the organization wants to achieve.
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The last step of the planning process is:Answer: D. Implement the planExplanation: Once a plan is developed and finalized, it must be implemented to achieve the intended objectives.
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Selling of a public sector undertaking to a private sector is known as:Answer: B. PrivatisationExplanation: Privatisation refers to the transfer of ownership or management of public sector enterprises to the private sector.
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Which of the following is not a feature of planning?Answer: C. Planning does not lead to rigidityExplanation: One of the criticisms of planning is that it can lead to rigidity in decision-making.
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Planning is:Answer: D. All of the aboveExplanation: Planning includes setting goals, evaluating alternatives, and selecting the most suitable one.
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Which of the following is the first step of planning process?Answer: A. Setting objectivesExplanation: Planning begins with clearly defining goals or desired outcomes the organization wants to achieve.
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The last step of the planning process is:Answer: D. Implement the planExplanation: Once a plan is developed and finalized, it must be implemented to achieve the intended objectives.
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Planning is not:Answer: B. A mental exerciseExplanation: Although planning involves thinking, it is primarily a practical activity with structured steps and execution—not just a mental exercise.
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Which of the following is not a limitation of planning?Answer: D. Planning leads to rigidityExplanation: “Helps in achieving objectives” is actually an advantage, not a limitation, of planning.
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The primary objective of planning is to:Answer: C. Achieve objectivesExplanation: Planning is focused on setting and achieving specific goals in an organized manner.
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The step in planning process in which assumptions are made about the future is:Answer: A. Developing premisesExplanation: This step involves forecasting conditions and trends that affect planning.
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Which of the following is not a step in planning process?Answer: C. RecruitmentExplanation: Recruitment is a part of staffing, not the planning process.
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Which is not a feature of organising?Answer: B. Improves teamworkExplanation: While teamwork may improve as a result, it is not considered a defining feature of organising.
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The function of management which coordinates the physical, financial and human resources and establishes productive relations among them for achievement of specific goals is:Answer: B. OrganisingExplanation: Organising brings together all resources and aligns them to achieve defined objectives.
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Which of the following is the first step in the process of organising?Answer: A. Identification and division of workExplanation: Organising begins with dividing the total workload into manageable activities.
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Grouping of jobs of similar nature under functions and arranging these functions into departments is called:Answer: B. DepartmentalisationExplanation: Departmentalisation groups similar activities to create efficiency and accountability in organizational functions.
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The network of job positions, responsibilities and authorities at different levels is called:Answer: C. Organisation structureExplanation: Organisation structure defines how job tasks are formally divided, grouped, and coordinated.
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Which of the following is not an element of delegation?Answer: C. Informal organisationExplanation: Delegation consists of responsibility, authority, and accountability. Informal organisation is a separate concept.
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The scalar chain is a concept related to:Answer: B. OrganisingExplanation: Scalar chain refers to the formal line of authority which moves from top to bottom in an organisation.
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Which of the following is an advantage of formal organisation?Answer: D. All of the aboveExplanation: Formal organisation ensures a clear structure, defined roles, and accountability, leading to improved efficiency and discipline.
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Which of the following statements is true?Answer: D. Only authority can be delegatedExplanation: Authority may be passed down to subordinates, but responsibility and accountability ultimately remain with the superior.
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Decentralisation is concerned with:Answer: D. Systematic delegation of authority at all levelsExplanation: Decentralisation involves distributing decision-making power to lower levels in the organisational hierarchy.
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Which of the following is not a principle of delegation?Answer: C. Principle of unity of directionExplanation: Unity of direction is a general management principle by Fayol, not specifically related to delegation.
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The process of finding and appointing the best person for the job is called:Answer: B. StaffingExplanation: Staffing includes recruitment, selection, training, and development to fill organizational roles effectively.
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Which one of the following is not a function of staffing?Answer: D. DirectingExplanation: Directing is a separate managerial function that involves guiding and supervising rather than hiring and developing.
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Recruitment is the process of:Answer: B. Searching for prospective candidatesExplanation: Recruitment involves attracting and identifying potential candidates for employment.
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Which of the following is not an internal source of recruitment?Answer: C. Campus recruitmentExplanation: Campus recruitment is an external source where candidates are hired directly from educational institutions.
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The staffing function of management includes:Answer: D. All of the aboveExplanation: Staffing covers all human resource functions including hiring, training, and evaluating performance.
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Training improves:Answer: D. All of the aboveExplanation: Training is a comprehensive development tool that enhances knowledge, skills, and behavior.
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Which one of the following is an off-the-job training method?Answer: C. Classroom lectureExplanation: Off-the-job training methods occur away from the actual work environment, such as in classrooms.
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Which of the following is not a part of staffing process?Answer: C. Co-ordinationExplanation: Coordination is a broader managerial function, not specifically part of the staffing process.
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Promotion is a method of:Answer: B. Internal source of recruitmentExplanation: Promotion fills higher-level vacancies by advancing current employees within the organization.