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CUET UG Business Studies Flashcards
82 question-and-answer cards covering Business Studies as it is examined in CUET UG. 24 of them are printed below, taken from across the deck — no signup, no paywall on the preview.
24 sample cards from the Business Studies deck
Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.
Name the auxiliaries to trade.
Transportation and communication, banking and finance, insurance, warehousing, and advertising.
What is the difference between business risk and the concept that 'profit is a reward for risk'?
Business risk is the possibility of inadequate profits or losses due to uncertainties; profit is regarded as the reward (incentive) a businessperson earns for assuming these risks.
List the main forms of business organisation in India.
Sole proprietorship, Joint Hindu Family business, Partnership, Cooperative society, and Joint stock company (private and public).
State the features of a sole proprietorship.
Single ownership, no separate legal entity, unlimited liability, sole risk-bearer and profit recipient, no legal formalities for formation, and lack of business continuity (limited life).
What governs a Joint Hindu Family business and who is its head?
It is governed by Hindu Law; membership is by birth into the family. The head/manager is called the Karta, who has unlimited liability while other members (coparceners) have liability limited to their share in the family property.
Define partnership and name the Act that governs it in India.
Partnership is the relation between persons who agree to share the profits of a business carried on by all or any of them acting for all. It is governed by the Indian Partnership Act, 1932.
Name the types of partners.
Active partner, sleeping/dormant partner, secret partner, nominal partner, partner by estoppel, and partner by holding out.
Differentiate between a private company and a public company.
A private company has a minimum of 2 members (max 200), restricts share transfer, and cannot invite the public to subscribe; a public company has a minimum of 7 members (no max), freely transferable shares, and can invite the public to subscribe to its securities.
What is a cooperative society and what is its core principle?
A voluntary association of persons who join together to protect their common economic interests; its core principle is 'one member, one vote' with service motive and limited liability of members.
List the factors to consider when choosing a form of business organisation.
Cost and ease of formation, liability, continuity, management ability, capital considerations, and degree of control.
Classify the sources of business finance on the basis of period of finance.
Long-term sources (more than 5 years, e.g., shares, debentures), Medium-term sources (1 to 5 years, e.g., bank loans, public deposits), and Short-term sources (less than 1 year, e.g., trade credit, commercial paper).
Differentiate between owners' funds and borrowed funds.
Owners' funds are contributed by owners and retained earnings (e.g., equity shares, retained profits)—permanent capital with no fixed repayment; borrowed funds are raised through loans/borrowings (e.g., debentures, bank loans, public deposits) carrying fixed interest and repayment obligation.
Differentiate between equity shares and preference shares.
Equity shareholders are owners with voting rights, variable dividends and residual claims; preference shareholders get a fixed dividend and priority in dividend payment and capital repayment but usually no voting rights.
What are debentures and how do they differ from shares?
Debentures are debt instruments acknowledging a loan to the company carrying a fixed rate of interest; unlike shares, debenture holders are creditors (not owners), get fixed interest regardless of profit, have no voting rights, and are repaid before shareholders.
What is trade credit and a public deposit as a source of finance?
Trade credit is credit extended by one trader to another for goods/services purchased (short-term, interest-free); a public deposit is money raised by a company directly from the public by offering a fixed rate of interest, for a period of 6 months to 36 months.
Differentiate between GDR and ADR (international sources of finance).
A GDR (Global Depository Receipt) is a negotiable instrument issued to raise funds in markets outside the home country (typically Europe); an ADR (American Depository Receipt) is issued specifically to American investors and traded in the US capital market.
Define internal trade and name its two main types.
Internal (domestic) trade is the buying and selling of goods within the boundaries of a country. Its two types are wholesale trade and retail trade.
Differentiate between a wholesaler and a retailer.
A wholesaler buys in bulk from manufacturers and sells in smaller quantities to retailers; a retailer buys from wholesalers and sells in small quantities directly to final consumers.
Classify retail trade into its main types.
On the basis of size: itinerant retailers (e.g., hawkers, peddlers, market traders) and fixed-shop retailers (small-scale like general stores and large-scale like departmental stores, chain/multiple stores, and mail-order houses).
What is a departmental store and how does it differ from a multiple/chain store?
A departmental store is a large retail establishment offering a wide variety of products under one roof at a central location; multiple/chain stores are a network of similar retail shops at different locations selling standardised products of limited lines.
What is e-business (e-commerce) and how does it differ from traditional business?
E-business is conducting industry, trade and commerce using computer networks/the internet. Unlike traditional business, it has ease of formation, lower investment, global reach, 24x7 operation, and is paperless—but lacks personal touch and faces security risks.
Name the types of e-business transactions based on parties involved.
B2B (business to business), B2C (business to consumer), C2C (consumer to consumer), and intra-B (within a business).
What is outsourcing and name two common types.
Outsourcing is contracting out non-core, routine activities to specialised, efficient external agencies. Common types are BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing).
Name the chambers of commerce/trade associations and one role they play in promoting internal trade.
Bodies like FICCI, CII and ASSOCHAM; they promote internal trade by interfacing with the government on policy, helping in tax reforms, weights and measures standardisation, transport coordination, and integration of states for free trade (e.g., supporting GST).
What this deck covers
The Business Studies deck follows the CUET UG Business Studies syllabus — 3 chapters and 12 topics — so questions land on material that is genuinely examinable rather than trivia around it. That works out to roughly 27.3 cards per chapter.
Answers are written to be recallable, not just readable — averaging about 203 characters, which is long enough to carry the reasoning and short enough to say out loud.
A deck like this earns its keep on the second and third pass. Read the syllabus first so you know the shape of the subject, then use the cards to find the specific facts that have not stuck.
Business Studies flashcards FAQ
How many Business Studies flashcards are in this CUET UG deck?
82 cards. This page previews 24 of them, sampled evenly across the deck so you can judge the difficulty before installing anything.
Are these CUET UG flashcards free?
Yes. The preview here is free to read with no signup, and the full 82-card deck is free inside the Examius app.
What do the Business Studies cards cover?
They follow the CUET UG Business Studies syllabus — 3 chapters and 12 topics — so the questions track what is actually examinable.
How should I use these flashcards?
Read the syllabus first so you know the shape of the subject, then drill the deck. Examius schedules each card with spaced repetition, so cards you keep missing come back sooner and ones you know drift further apart.