On This Page
This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 22
Q1 | Dispatching involves
- starting the work
- making plan correction
- collection data
- none of the above
- All of the above
Q2 | EXIM bank was established
- to ensure quality goods
- to promote exports
- to finance small scale entrepreneurs
- to finance sick industries
- Rs. 17,50,500
Q3 | Which of the following principal wage and salary issues and problems concerns the question of whether the entire pay structure is high, average or low in comparison with the general external labour market?
- Pay structure
- Pay level
- Pay control
- Payment method
- Individual pay determination
Q4 | An increase in demand that leads to an increase in wealth
- Will induce new firms to begin production
- Will induce existing firms to produce close substitutes
- Will induce both new and existing firms to bid resources away from other uses
- Will increase the value and hence the cost of resources used in producing that good
- All of the above
Q5 | Consumer goods' means
- All commodities for which there is a high demand by all types of consumers
- All goods other than free goods whose uses directly satisfies consumer wants
- All goods other than free goods used by consumers in order to earn their living
- All the factories and mines used by the community to satisfy their wants
- All tangible goods produced for consumption in a free economic system
Q6 | An action probably engaged in by energetic manager is
- Controlling
- Organizing
- Decision making
- Directing
- None of the above
Q7 | Which of the following is a public sector undertaking?
- DCM Ltd.
- Larsen & Toubro Ltd
- Instrumentation Ltd.
- JK Synthetics Ltd.
- Rs. 17,50,500
Q8 | The symptoms of sickness of an industry are
- failure to pay statutory liabilities
- failure to pay timely instalment of principal and interest on loan
- low capacity utilisations
- All of the above
- Rs. 17,50,500
Q9 | .An economy that does not permit product movements across its boundaries is known as
- collective economy
- closed economy
- micro economy
- macro economy
- Rs. 17,50,500
Q10 | The average annual birth rate in India per 1000 is
- 1000
- 400 to 500
- 300 to 400
- 30 to 40
- 3 to 4
Q11 | People will tend to demand money if they think
- The rate of interest will fall
- The price of goods will fall
- The price of goods will rise
- The price of bonds will fall
- All of the above
Q12 | Essential attribute to wealth is
- utility
- scarcity
- transferability
- all of the above
- Rs. 17,50,500
Q13 | A decrease in the quantity supplied to the market at given prices leads to
- A higher price and a contraction of demand
- A lower price and an expansion of demand
- A higher price and an expansion of demand
- A lower price and a contraction of demand
- None of the above
Q14 | Bar charts are suitable for
- Minor projects
- Major projects
- Large projects
- Inter-dependent projects
- None of the above
Q15 | An event is indicated on the network by
- A straight line
- A number enclosed in a circle or a square
- A straight line with circles at the ends
- A dotted line
- An arrow
Q16 | A SIMO (simultaneous motion cycle) chart is
- Graphic presentation of the separable steps of each pertinent body member of the individual
- A sketch of the part of a plant connected with a man's work on which lines are drawn indicating path the operator travels in performing the work
- A chart in which activities of a man are charted
- Graphic presentation of the separable steps a man performs when doing a task that requires him to move from place to place in the course of his work
- Reducing inventory costs
Q17 | The employees Provident Fund act is acceptable to
- All industries
- Only small and medium industries
- Industries which volunteer for the same
- The industries notified by Government
- The trade unions notified by Government
Q18 | Wheniver a country devalues its currency, it generally stands to gain as a result of
- increased imports at lower prices
- increased exports
- fall in domestic prices
- increased domestic production
- Rs. 17,50,500
Q19 | Affirmative ratio affects which staffing and appraisal subsets.
- Recuitment
- Selection
- Placement
- Appraisal
- All of the above
Q20 | PERT has the following time estimates
- No time estimates
- One time estimate
- Two time estimates
- Three time estimates
- None of the above
Q21 | The term clearing house is associated with
- banks
- cooperatives
- foreign exchange
- free trade zones
- Rs. 17,50,500
Q22 | Time study is
- The appraisal, in terms of time, of the value of work involving human effort
- Time taken by a operator to set the job in a machine
- The study of time that a group of workers will take to do a job
- The method of fixing hours for workers
- Method of determing the number of Supervisors needed in a workshop
Q23 | Pay level relates company wages to
- Labour costs
- Pay criteria
- External labour market conditions
- Minimum wage act
- None of the above
Q24 | Which of the following were not management thinkers
- Taylor
- Drucker
- McGregor
- Galileo
- Parkinson
Q25 | Promoting people from within an organisation
- Is more economical than hiring from outside
- Can result in "inbreeding
- Is faster than hiring from outside
- Provides a system for rewarding deserving employees
- All of the above