Cubase 7 trying to hear audio...

Can we establish if you are actually recording anything…do you see the waveform after recording?

Regarding the click and studio tab…unless you know that you need to use the Control room your best bet is to disable outputs in the studio tab and use the output tab only…If you have a specific need for the control room then you’ll need to set up click within the control room and should disconnect the stereo out in the output tab (but leave it there unconnected)