CUET 2026 Business Studies May 13 Shift 2 Question Paper- Download Answer Key and Solution PDF

Concept:
Consumer rights protect buyers against unfair trade practices and defective goods or services.
Step 1: Understand the statement.
The question mentions:
Filing a complaint
Dissatisfaction with goods or services
This refers to the consumer's: \[ \mathrm{Right\ to\ Seek\ Redressal} \]
Step 2: Analyze the remaining options.
Be heard
Means consumer interests should receive due consideration. \[ \Rightarrow \mathrm{Incorrect} \]
Choose
Refers to freedom of selecting goods and services. \[ \Rightarrow \mathrm{Incorrect} \]
Be informed
Refers to receiving correct product information. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Seek\ Redressal}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(A)}} \] Quick Tip: \[ \mathrm{Right\ to\ Seek\ Redressal} \] allows consumers to: \[ \mathrm{File\ Complaints\ against\ Defective\ Goods\ or\ Services} \]

Concept:
Financial management involves decisions related to:
Investment
Financing
Dividend
Step 1: Understand the statement.
The question refers to: \[ \mathrm{Raising\ Funds\ through\ Debt\ or\ Equity} \]
This relates to selecting sources of finance and deciding the capital structure.
Step 2: Identify the type of decision.
Decisions regarding:
Debt capital
Equity capital
are called: \[ \boxed{\mathrm{Financing\ Decision}} \]
Step 3: Analyze the remaining options.
Investment Decision
Deals with investment in long-term assets. \[ \Rightarrow \mathrm{Incorrect} \]
Capital Budgeting Decision
Concerned with evaluating investment projects. \[ \Rightarrow \mathrm{Incorrect} \]
Dividend Decision
Deals with distribution of profits to shareholders. \[ \Rightarrow \mathrm{Incorrect} \]
Step 4: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Financing\ Decision}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(C)}} \] Quick Tip: \[ \mathrm{Debt\ vs\ Equity} \] is part of: \[ \mathrm{Financing\ Decision} \]

Concept:
Business environment consists of numerous external forces such as:
Economic factors
Social factors
Political factors
Technological factors
These factors interact with each other, making the environment highly complex.
Step 1: Understand the statement.
Because business environment contains many interconnected elements, it becomes: \[ \mathrm{Difficult} \]
to understand separately in parts.
Step 2: Analyze the remaining options.
Easier
Contradicts the idea of complexity. \[ \Rightarrow \mathrm{Incorrect} \]
Uncertain
Business environment may be uncertain, but the sentence specifically refers to understanding in parts. \[ \Rightarrow \mathrm{Incorrect} \]
Specific
Business environment is broad and dynamic, not specific. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Difficult}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(B)}} \] Quick Tip: Business Environment is: \[ \mathrm{Complex,\ Dynamic,\ and\ Interrelated} \]

Step 1: Analyze Statement (A).
Stock exchanges provide opportunities for: \[ \mathrm{Speculation} \]
through continuous buying and selling of securities. \[ \Rightarrow \mathrm{Correct} \]
Step 2: Analyze Statement (B).
Regulation of takeover bids is primarily handled by: \[ \mathrm{SEBI} \]
not directly by stock exchanges. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Analyze Statement (C).
Insider trading regulations and penalties are mainly imposed by: \[ \mathrm{SEBI} \]
not stock exchanges themselves. \[ \Rightarrow \mathrm{Incorrect} \]
Step 4: Analyze Statement (D).
Stock exchanges ensure: \[ \mathrm{Safety\ and\ Fairness\ of\ Transactions} \] \[ \Rightarrow \mathrm{Correct} \]
Step 5: Analyze Statement (E).
Stock exchanges encourage public investment in shares and help spread: \[ \mathrm{Equity\ Cult} \] \[ \Rightarrow \mathrm{Correct} \]
Step 6: Identify the correct option.
Correct statements are: \[ (A),\ (D)\ and\ (E) \]
Hence, the correct answer is: \[ \boxed{\mathrm{(A)}} \] Quick Tip: Stock exchanges help in: \[ \mathrm{Liquidity,\ Safety,\ and\ Equity\ Investment} \]

Concept:
Promotion provides employees with higher position, responsibility, and growth opportunities.
It motivates employees to improve their performance.
Step 1: Understand the statement.
The statement says: \[ \mathrm{Promotion} \]
encourages employees to perform better.
Promotion is directly related to: \[ \mathrm{Career\ Advancement\ Opportunity} \]
Step 2: Analyze the remaining options.
Status
Promotion may improve status, but the main incentive highlighted is career growth. \[ \Rightarrow \mathrm{Incorrect} \]
Job Enrichment
Refers to increasing job responsibilities and satisfaction. \[ \Rightarrow \mathrm{Incorrect} \]
Employee Recognition Programme
Involves appreciation and awards, not promotion itself. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Career\ Advancement\ Opportunity}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(B)}} \] Quick Tip: \[ \mathrm{Promotion} \] acts as a: \[ \mathrm{Career\ Advancement\ Incentive} \] for employees.

Concept:
Planning is the first and primary function of management because all other managerial functions depend upon it.
Step 1: Understand the statement.
The statement says: \[ \mathrm{Planning\ provides\ the\ basis\ of\ all\ other\ functions} \]
This means planning comes before:
Organising
Staffing
Directing
Controlling
Hence, planning is considered the: \[ \mathrm{Primary\ Function} \]
Step 2: Analyze the remaining options.
Planning focuses on achieving objectives
This refers to goal orientation, not the basis of other functions. \[ \Rightarrow \mathrm{Incorrect} \]
Planning is pervasive
Means planning exists at all organisational levels. \[ \Rightarrow \mathrm{Incorrect} \]
Planning is continuous
Means planning is an ongoing process. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Planning\ is\ a\ primary\ function}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(D)}} \] Quick Tip: Planning is called: \[ \mathrm{The\ Primary\ Function\ of\ Management} \] because all other functions depend on it.

Concept: Stock exchanges encourage wider public participation in investment and ownership of shares.
Step 1: Understand the statement.
The statement mentions:
Wider share ownership
Better trading practices
Regulation of new issues
These activities help in promoting: \[ \mathrm{Equity\ Cult} \]
among the public.
Step 2: Identify the correct function.
The highlighted function of stock exchange is: \[ \boxed{\mathrm{Spreading\ of\ Equity\ Cult}} \]
Step 3: Analyze the remaining options.
Scope for speculation
Relates to buying and selling for profit. \[ \Rightarrow \mathrm{Incorrect} \]
Safety of Transactions
Refers to secure and fair dealings. \[ \Rightarrow \mathrm{Incorrect} \]
Pricing of Securities
Relates to determination of share prices. \[ \Rightarrow \mathrm{Incorrect} \]
Step 4: Identify the correct option.
Hence, the correct answer is: \[ \boxed{\mathrm{(B)}} \] Quick Tip: \[ \mathrm{Equity\ Cult} \] means: \[ \mathrm{Encouraging\ Public\ Investment\ in\ Shares} \]

Concept: Capital budgeting decisions involve selection of long-term investment projects based on evaluation techniques and investment criteria.
Step 1: Understand Capital Budgeting Decision.
Capital budgeting relates to:
Investment in long-term assets
Evaluation of projects
Selection of profitable investments
These decisions depend mainly on: \[ \mathrm{Investment\ Criteria} \]
such as:
Net Present Value (NPV)
Payback Period
Internal Rate of Return (IRR)
Step 2: Analyze the remaining options.
Shareholder's preference
Mainly affects dividend decisions. \[ \Rightarrow \mathrm{Incorrect} \]
Stability of dividends
Related to dividend policy. \[ \Rightarrow \mathrm{Incorrect} \]
Taxation policy
May influence financial decisions indirectly but is not the primary factor asked here. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{Investment\ Criteria\ Involved}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(D)}} \] Quick Tip: Capital Budgeting focuses on: \[ \mathrm{Long-Term\ Investment\ Decisions} \] using investment evaluation techniques.

Concept: According to Maslow's Need Hierarchy Theory, human needs are arranged from lower level to higher level.
The correct order is: \[ \mathrm{Physiological\ Needs} \] \[ \downarrow \] \[ \mathrm{Safety\ Needs} \] \[ \downarrow \] \[ \mathrm{Belongingness\ Needs} \] \[ \downarrow \] \[ \mathrm{Esteem\ Needs} \] \[ \downarrow \] \[ \mathrm{Self\ Actualisation\ Needs} \]
Step 1: Identify the lowest level need.
Basic physiological needs such as food and shelter come first.
Thus: \[ (D) \]
Step 2: Next comes safety needs.
Need for protection and security.
Thus: \[ (A) \]
Step 3: Then comes belongingness needs.
Affiliation and social acceptance.
Thus: \[ (E) \]
Step 4: Then comes esteem needs.
Need for respect and recognition.
Thus: \[ (C) \]
Step 5: Highest level need.
Self actualisation represents personal growth and achievement.
Thus: \[ (B) \]
Step 6: Identify the correct sequence.
Therefore, the correct order is: \[ (D),\ (A),\ (E),\ (C),\ (B) \]
Hence, the correct answer is: \[ \boxed{\mathrm{(D)}} \] Quick Tip: Maslow's hierarchy: \[ \mathrm{Physiological \rightarrow Safety \rightarrow Belongingness \rightarrow Esteem \rightarrow Self\ Actualisation} \]

Concept: The Consumer Protection Act protects consumers against unfair trade practices related to goods and services.
Step 1: Understand the scope of the Act.
The Consumer Protection Act applies to: \[ \mathrm{All\ Goods\ and\ Services} \]
including both public and private sector services unless specifically exempted.
Step 2: Analyze the remaining options.
Immovable goods
The Act is not limited only to immovable goods. \[ \Rightarrow \mathrm{Incorrect} \]
Specific goods and services
The Act covers a broad range, not just specific categories. \[ \Rightarrow \mathrm{Incorrect} \]
Movable goods
The Act also applies to services, not only movable goods. \[ \Rightarrow \mathrm{Incorrect} \]
Step 3: Identify the correct option.
Therefore, the correct answer is: \[ \boxed{\mathrm{All\ Goods\ and\ Services}} \]
Hence, the correct answer is: \[ \boxed{\mathrm{(C)}} \] Quick Tip: Consumer Protection Act covers: \[ \mathrm{Goods\ +\ Services} \] to protect consumer rights.