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Objective Questions

Latest CUET UG Business Studies Exam Question (Objective Questions), MCQ in English

Subjects : Business Studies

Question Bank CUET UG Business Studies Exam - English
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Business Studies

Question 1Single Answer
What is the primary objective of a business?
  1. A
    Generate revenue
  2. B
    Maximize shareholder value
  3. C
    Provide services
  4. D
    Ensure employee satisfaction
Question 2Single Answer
Which of the following is a feature of a business?
  1. A
    Profit motive
  2. B
    Community welfare
  3. C
    Charitable purpose
  4. D
    Entertainment
Question 3Single Answer
What is meant by 'business'?
  1. A
    Regular production and exchange of goods or services
  2. B
    One-time selling of goods
  3. C
    Any charitable activity
  4. D
    Government service
Question 4Single Answer
Which of the following is not a characteristic of a business?
  1. A
    Risk-taking
  2. B
    Profit earning
  3. C
    Social welfare
  4. D
    Non-economic activity
Question 5Single Answer
What distinguishes business from other economic activities?
  1. A
    Production of goods
  2. B
    Regularity of transactions
  3. C
    Sales promotions
  4. D
    Government control
Question 6Single Answer
Which term refers to the risk involved in a business due to changing conditions?
  1. A
    Business operations
  2. B
    Business environment
  3. C
    Business liability
  4. D
    Business hazard
Question 7Single Answer
Which of the following is not a feature of business?
  1. A
    Exchange of goods and services
  2. B
    Involvement of risk
  3. C
    One-time transactions
  4. D
    Profit motive
Question 8Single Answer
What is the core element in the meaning of business?
  1. A
    Selling goods only
  2. B
    Providing charity
  3. C
    Providing regular goods and services to customers
  4. D
    Doing illegal trade
Question 9Single Answer
Which of the following is the key element of a business environment?
  1. A
    Consumers
  2. B
    Laws and regulations
  3. C
    Competition
  4. D
    All of the above
Question 10Single Answer
Which is not considered a business activity?
  1. A
    Manufacturing
  2. B
    Transportation
  3. C
    Charity
  4. D
    Retailing
Question 11Single Answer
The act of selling goods or services for a profit is known as what?
  1. A
    Charity
  2. B
    Trade
  3. C
    Government service
  4. D
    Research
Question 12Single Answer
Which of the following is essential for business survival?
  1. A
    Corporate social responsibility
  2. B
    Profit
  3. C
    Philanthropy
  4. D
    Employee benefits
Question 13Single Answer
A business involves which type of risks?
  1. A
    No risks
  2. B
    Speculative risks
  3. C
    Certain risks
  4. D
    Calculated risks
Question 14Single Answer
Which of the following is a merit of cooperative societies?
  1. A
    Profit-oriented
  2. B
    Limited liability of members
  3. C
    High administrative costs
  4. D
    Voting rights proportional to shares
Question 15Single Answer
Which of the following is a limitation of a cooperative society?
  1. A
    Profit maximization
  2. B
    Limited capital
  3. C
    Unlimited liability of members
  4. D
    Difficulty in management
Question 16Single Answer
In a cooperative society, members contribute capital based on:
  1. A
    Size of land owned
  2. B
    Voluntary contributions
  3. C
    Number of members
  4. D
    Shareholding pattern
Question 17Single Answer
Who is the head of a Hindu Undivided Family (HUF) business?
  1. A
    Minor child
  2. B
    Karta
  3. C
    Junior member
  4. D
    Chief executive
Question 18Single Answer
The liability of the Karta in a Hindu Undivided Family business is:
  1. A
    Limited
  2. B
    Unlimited
  3. C
    Fixed
  4. D
    Shared equally among members
Question 19Single Answer
Membership in a Hindu Undivided Family (HUF) is acquired by:
  1. A
    Partnership deed
  2. B
    Agreement between members
  3. C
    Birth into the family
  4. D
    Legal contract
Question 20Single Answer
Which of the following is a limitation of HUF business?
  1. A
    Stability of the business
  2. B
    Limited managerial skills of Karta
  3. C
    No taxation benefits
  4. D
    Easy to raise capital
Question 21Single Answer
The rights of co-parceners in an HUF business are based on:
  1. A
    Ownership of shares
  2. B
    Financial contribution
  3. C
    Relationship to the Karta
  4. D
    Age and experience
Question 22Single Answer
Which of the following is an active partner in a business?
  1. A
    A partner who only invests capital but does not participate in management
  2. B
    A partner who is involved in day-to-day management
  3. C
    A partner whose name is used but does not invest or manage
  4. D
    A partner who has limited liability
Question 23Single Answer
What is the role of a nominal partner?
  1. A
    Provides management expertise
  2. B
    Invests capital but does not participate in management
  3. C
    Does not invest capital but allows the use of their name
  4. D
    Handles day-to-day operations
Question 24Single Answer
Which type of partner has limited liability?
  1. A
    Active partner
  2. B
    Sleeping partner
  3. C
    Limited partner
  4. D
    Nominal partner
Question 25Single Answer
Which of the following is a disadvantage of a partnership form of business?
  1. A
    Limited liability
  2. B
    Difficulty in raising funds
  3. C
    Joint decision-making
  4. D
    Limited control over the business
Question 26Single Answer
What is a major advantage of forming a company instead of a partnership?
  1. A
    Unlimited liability of shareholders
  2. B
    No requirement to register the business
  3. C
    Limited liability and perpetual succession
  4. D
    Higher taxes
Question 27Single Answer
Which of the following factors is least important when choosing a form of business organization?
  1. A
    Liability
  2. B
    Capital requirements
  3. C
    Flexibility
  4. D
    Location of business
Question 28Single Answer
Which business form allows for perpetual succession, ensuring the business continues regardless of the owner's death or withdrawal?
  1. A
    Sole proprietorship
  2. B
    Partnership
  3. C
    Company
  4. D
    Cooperative society
Question 29Single Answer
Which form of business organization is most suitable for a small, family-owned retail shop?
  1. A
    Private company
  2. B
    Sole proprietorship
  3. C
    Public company
  4. D
    Cooperative society
Question 30Single Answer
Which business form offers the least flexibility in terms of decision-making?
  1. A
    Sole proprietorship
  2. B
    Partnership
  3. C
    Private limited company
  4. D
    Public limited company
Question 31Single Answer
Which form of business organization is most suitable for a person who wishes to have complete control and full decision-making authority?
  1. A
    Public company
  2. B
    Cooperative society
  3. C
    Sole proprietorship
  4. D
    Partnership
Question 32Single Answer
Which document contains the fundamental conditions under which a company is allowed to operate?
  1. A
    Memorandum of Association
  2. B
    Articles of Association
  3. C
    Prospectus
  4. D
    Certificate of Incorporation
Question 33Single Answer
What is the main purpose of the Articles of Association?
  1. A
    Define the objectives of the company
  2. B
    Govern the internal management of the company
  3. C
    Provide information about the financial status
  4. D
    Protect the rights of creditors
Question 34Single Answer
Which document is known as the "charter of the company"?
  1. A
    Articles of Association
  2. B
    Memorandum of Association
  3. C
    Certificate of Incorporation
  4. D
    Prospectus
Question 35Single Answer
Which document sets the limits on the powers of the company and its directors?
  1. A
    Articles of Association
  2. B
    Memorandum of Association
  3. C
    Certificate of Incorporation
  4. D
    Prospectus
Question 36Single Answer
If a company does not issue a prospectus, what document can it file instead?
  1. A
    Certificate of Incorporation
  2. B
    Memorandum of Association
  3. C
    Statement in lieu of prospectus
  4. D
    Articles of Association
Question 37Single Answer
Which is the final stage in the formation of a public company?
  1. A
    Promotion
  2. B
    Commencement of business
  3. C
    Incorporation
  4. D
    Capital subscription
Question 38Single Answer
What document does a public company need to obtain before it can begin its business operations?
  1. A
    Certificate of Incorporation
  2. B
    Memorandum of Association
  3. C
    Prospectus
  4. D
    Certificate of Commencement of Business
Question 39Single Answer
Which of the following was a major export of ancient India?
  1. A
    Silk
  2. B
    Iron and steel
  3. C
    Spices
  4. D
    Automobiles
Question 40Single Answer
What was one of the most valuable imports into ancient India?
  1. A
    Textiles
  2. B
    Gold
  3. C
    Spices
  4. D
    Horses
Question 41Single Answer
Indian cotton textiles were highly demanded in which of the following regions during ancient and medieval times?
  1. A
    Australia
  2. B
    Europe and Middle East
  3. C
    North America
  4. D
    South Africa
Question 42Single Answer
During medieval times, which luxury product was imported to India from China?
  1. A
    Silk
  2. B
    Sugar
  3. C
    Timber
  4. D
    Spices
Question 43Single Answer
During ancient times, India's position in the world economy was characterized by:
  1. A
    Being a closed economy
  2. B
    Leading in agricultural production
  3. C
    Leading exporter of manufactured goods
  4. D
    Being heavily dependent on imports
Question 44Single Answer
Which industry is responsible for extracting and utilizing natural resources?
  1. A
    Tertiary industry
  2. B
    Secondary industry
  3. C
    Primary industry
  4. D
    Quinary industry
Question 45Single Answer
Which of the following best defines tertiary industry?
  1. A
    An industry that processes raw materials
  2. B
    An industry that extracts raw materials from nature
  3. C
    An industry that provides services to businesses and consumers
  4. D
    An industry that provides intellectual services
Question 46Single Answer
Which industry group includes activities like information technology, research, and development?
  1. A
    Primary industry
  2. B
    Secondary industry
  3. C
    Tertiary industry
  4. D
    Quaternary industry
Question 47Single Answer
In which industry would a car manufacturing company fall?
  1. A
    Primary industry
  2. B
    Secondary industry
  3. C
    Tertiary industry
  4. D
    Quinary industry
Question 48Single Answer
Which of the following is classified as a primary industry?
  1. A
    Construction
  2. B
    Mining
  3. C
    Manufacturing
  4. D
    Banking
Question 49Single Answer
Which type of industry is involved in processing raw materials into finished goods?
  1. A
    Primary industry
  2. B
    Tertiary industry
  3. C
    Secondary industry
  4. D
    Service industry
Question 50Single Answer
Which of the following is an example of a tertiary industry?
  1. A
    Iron and steel manufacturing
  2. B
    Agriculture
  3. C
    Banking and insurance
  4. D
    Coal mining
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