NTA CUET Business Studies With Fully Solved 2023 Papers by Pearson

Mock Test 3

Instructions:

1. You are supposed to attempt any 40 of these 50 questions.
2. For a correct response you get 5 marks and for an incorrect one you are penalised by 1 mark.
3. The duration of the test is 45 minutes.

1. What is the primary objective of business?

(a) Profit maximization

(b) Wealth maximization

(c) Sales maximization

(d) Customer satisfaction

2. Which type of organization is characterized by the absence of a separate legal entity?

(a) Sole proprietorship

(b) Partnership

(c) Company

(d) Cooperative society

3. The concept of ‘social responsibility of business’ is associated with which management principle?

(a) Planning

(b) Organizing

(c) Directing

(d) Controlling

4. What does SWOT analysis stand for in the context of business studies? ...