List of top Business Studies Questions on Planning asked in CUET (UG)

Match List I with List II.

Arrange the steps of Planning Process in a proper order:
(A) Implementation of plan and follow-up action
(B) Developing Premises
(C) Identification and evaluation of alternative courses of action
(D) Setting up of objectives
(E) Selecting an alternative
Choose the correct answer from the options given below:

Which of the following is a principle by Fayol?

Match the features of planning in List I with their descriptions in List II

List I	List II
A. Planning is Pervasive	I. It is required at all levels of management and in all departments of the organisation.
B. Planning is Continuous	II. It involves looking ahead and preparing for future events to the best advantage of an organisation.
C. Planning is a Primary Function	III. It lays down the base for other managerial functions.
D. Planning is Futuristic	IV. Plans are prepared for a specific period, and at the end of that period, new plans are drawn based on new requirements and future conditions.

“Planning bridges the gap between where we are and where we want to go”. Identify the features of planning.

Planning requires application of mind involving foresight, intelligent imagination and sound judgement. Which feature of planning is being highlighted in this statement?

Which feature of Planning function of Management is discussed in the statement – "All other Managerial functions are performed within the framework of plans drawn"?

"Planning helps the manager to look into the future and make a choice amongst alternative courses of action." Identify the importance of Planning in the above statement.

Which is the correct sequence of steps in the process of planning?
(A) Developing premises
(B) Implementing the plan
(C) Setting objectives
(D) Identifying alternative courses of action and evaluating them
(E) Selecting an alternative
Choose the correct answer from the options given below:

On the basis of the information given in the case, answer the next five questions.
A Maharatna Company, Indian Oil Indian Oil is India’s largest commercial organisation. It is the top-ranked Indian company in the Fortune ‘Global 500’ listings (2017). Indian Oil’s vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India’s energy demands and reaching petroleum products in every part of India for over five decades.It plans to increase its business operations all around the world. The company plans to invest 20,000 crore in 2017 – 18 acquisitions and plans to expandoverseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to 20,000 crore, including around 16,000 crore in various Indian projects and on acquisition for upstream in Russia. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.