On This Page
This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 15
Q1 | The cause of slow growth of national income in India is
- rapid population growth
- deficiency in investment
- high capital output ratio
- All of the above
- Rs. 17,50,500
Q2 | Machine loading means
- Total load of machine + load of job
- Load of machine + load of heaviest job that machine can take
- Load of machine + load of heaviest job that machine can take
- Electrical load required for the machine motors
- Amount of work assigned to a machine
Q3 | All of the following are the characteristics of socialism EXCEPT
- Lack of competition
- Government owns factors of production
- Elimination of exploitation
- Private sector to help public sector
- Rs. 17,50,500
Q4 | Budget is the major instrument of
- Fiscal policy
- Monetary policy
- Economic policty
- Export policy
- Rs. 17,50,500
Q5 | Recruiting is
- Judging
- Finding
- Hiring
- Matching
- All of the above
Q6 | Which is the proper requence
- Recuriting selecting placing indoctrimating
- Indoctrimating-recruiting-selecting-placing
- Recruiting-selecting-indoctrimating-placing
- Selecting-placing-recruiting-indoctrimating
- None of the above
Q7 | Break even analysis requires
- fixed cost
- variable cost
- income
- none of the above
- None of the above
Q8 | The present value of a Rs. 100 payable one year from today its
- Rs. 100
- Rs. 105 if the interest rate is 5%
- Rs. 110 if the interest rate is 10%
- Rs. 95 if the interest rate is 5%
- None of the above
Q9 | A monopolist can charge a high price only for those commodities which have
- elastic demand
- inelastic demand
- no demand
- Rs. 17,50,500
Q10 | The retirement benefits for workmen are covered under
- Payment of Wages Act
- Payment of Bonus Act
- Employees Provident Fund Act
- Workmen's Compensation Act
- All of the above
Q11 | Emerson plan awards bonus based on time
- which is standard
- Saved
- worked
- none of the above
- None of the above
Q12 | Common bases for monopoly include all of the following but
- Control over a key patent
- Extensive diseconomies of scale in production
- Control over a strategic raw material
- Extensive economies of scale in production
- Control over channels of distribution
Q13 | In a factory the costs which increase as output increases are known as
- Fixed costs
- Variable costs
- Total costs line
- Average fixed costs
- Average total costs
Q14 | The salient feature of functional organisation is
- Work is properly planned and distributed
- Strict adherence to specifications
- Each individual maintains functional efficiency
- Separation of planning and design
- All of the above
Q15 | PERT analysis is based on
- Optimistic time
- Pessimistic time
- Most likely time
- All the above
- None of the above
Q16 | In retractional flow system in plant layout
- Material is transferred from one machine to another without having to move again along the same path
- The flow is repeated for completing non-consecutive operations
- Materials fed at one end and components leave at the other end
- The feeding to and ejection from the line is at the same end
- The flow of material is in zig-zag path
Q17 | EOQ stands for
- Elements of quality control
- Elimination of quality inspection
- End of quality inspection stage
- Economic order quantity
- None of the above
Q18 | The amount deducted from the salary of workers towards Employees Provident Fund is
- Retained by employer
- Deposited in bank
- Deposited in Post office
- Deposited in the account of workers with employer
- Deposited in the account of workers with Provident Fund Commissioner
Q19 | In break even analysis the total cost consists of
- fixed cost
- Variable cost
- Fixed cost + Variable cost
- Fixed cost + Variable cost + Profits
- Fixed cost + Variable cost + Profits + Overheads
Q20 | Which of the following represents joint supply?
- Paan Parag and Paan Bahar
- Cigarettes and Bidis
- Radiosets and Transistors
- Birds and Cages
- Rs. 17,50,500
Q21 | The disadvantage of product layout is
- High initial investment is required for the specialized facilities
- Skill labour is required to operate general purpose machinery
- Production time is longer, requiring more goos in prices
- Cost of inspection is very high
- Production control is complex and costly
Q22 | Which of the following is the characteristic of national income distribution of India?
- Great income inequalities
- Inequality in sharing consumption
- Regional disparities in growth and development
- All of the above
- Rs. 17,50,500
Q23 | In work study the symbol O implies
- Delay
- Operation
- Transport
- Inspection
- Temporary storage
Q24 | Which of the following is not an advantage of large scale production?
- Cheap production
- Latest use at technology
- Full opportunities for exhibition of creative art
- All of the above
- None of the above
Q25 | All of the following are the characteristics of mixed economy EXCEPT
- Co-existence of private and public sectors
- Economic welfare
- Economic equality
- Govt. control over huge capital investment industries
- Rs. 17,50,500