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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 24

Q1 | Hindustan Copper Limited has main plant in Khetri which is in the state of
  • Rajasthan
  • J & K
  • Haryana
  • Punjab
  • Rs. 17,50,500
Q2 | Determining manpower requirements and ways of meeting those requirement is the process of
  • Human resource planning
  • Recruitment
  • Selection
  • Human resource auditing
  • Training
Q3 | When supply is fixed, the market price is determined by
  • demand
  • income
  • Cost
  • Profit
  • Rs. 17,50,500
Q4 | Which of the following is levied on goods imported into India?
  • customs duty
  • Excise duty
  • Estate duty
  • Wealth tax
  • Rs. 17,50,500
Q5 | Standing orders are applicable to
  • All industries
  • All engineering industries
  • Only major industries
  • All industries employing more than 500 workers
  • All industries employing more than 100 workers
Q6 | For efficient organisation the principle by which management should abide by
  • There should be a clear distribution between line and staff operation and control
  • A clear understanding of authority under each position
  • A well established and known system of communication
  • All of the above
  • None of the above
Q7 | NREP is the agency associated with
  • rural employment
  • industrial growth
  • adult education
  • removal of economic disparities
  • Rs. 17,50,500
Q8 | Which of the following is capital good
  • Cigarettes
  • Medicines in a hospital
  • New print
  • News paper
  • Car for factory manager
Q9 | Which one is not an economic good
  • Poison
  • Water in desert
  • Sand in river bed
  • Sand in desert
  • Trees in forests
Q10 | Lignite based power plant has been established in
  • Bikaner
  • Hazira
  • Rampur
  • Neyveli
  • Rs. 17,50,500
Q11 | People will tend to move out of money and into bonds if they think
  • The rate of interest is going to fall
  • The rate of interest is going to rise
  • The rate of interest is not going to change
  • The price of real goods will rise
  • Free income is going to be taxed by government
Q12 | Systematic evaluation of workers job performance and potential for cevelopment is called
  • Production
  • Human resource auditing
  • Appraisal
  • Training and development
  • None of the above
Q13 | The term 'OGL' is associated with
  • insurance
  • depreciation of machinery
  • import of goods
  • gross profit
  • Rs. 17,50,500
Q14 | Customers are likely to get a variety of goods under
  • Monopoly
  • Perfect competition
  • Oligopoly
  • Monopolistic competition
  • All of the above
Q15 | Which of the following is a necessary characteristic that must be present before an organiszation exists?
  • An objective
  • A collection of resources
  • A combination of people and things
  • A group of people resolving a common objective
  • None of the above
Q16 | Communication is defined as
  • Writing, speaking or signating
  • Receiving comprehensible information
  • The process by while thought is transpered to action
  • Transmitting information from one person, place or thing to another person, place or thing
  • All of the above
Q17 | The main advantage of indirect taxes is that
  • they are regressive in nature
  • easy to collect
  • arbitrary
  • capable of increased production
  • Rs. 17,50,500
Q18 | Devaluation affects imports by making it
  • costher
  • cheaper
  • competitive
  • prohibitive
  • Rs. 17,50,500
Q19 | The main advantage of line organisation is
  • Well defined responsibilities at all levels
  • Effective command and control
  • Rigid discipline
  • Quick decision making at all levels
  • All of the above
Q20 | The law of demand indicates the relationship between
  • The price of a commodity and the quantity demanded
  • The income of consumer and the quantity demanded
  • The relationship betweent he price of one commodity and the price of a substitute
  • The price of two commodities
  • All of the above
Q21 | Salvaging means
  • Writing off the assets
  • Throwing away the assets
  • Setting the assets
  • Disposing off property which is no longer useful in present situation
  • None of the above
Q22 | In time study sone variations almost always occur from reading to reading for any element, even if the worker is not attempting to vary his pace. This variation is not caused by the following factors, among others
  • Random variations in operator movements and pace
  • Random variations in the positions of parts worked with
  • Random variations in the position of the tools used
  • Random variations caused by slight errors in watch reading
  • Random variations caused by electricity failures
Q23 | Interest is not paid by banks on
  • Fixed deposits
  • Recurring deposit
  • Savings deposits
  • Cash certificates
  • Traveller's cheqe.
Q24 | Which of the following is not the characteristics of human wants?
  • Some wants are complementary
  • Wants differ intensity
  • Wants are limited in number
  • Wants are satisfied for the time being and are, therefore recurrent
  • Rs. 17,50,500
Q25 | Which act provides for medical care of workmen?
  • Industrial Disputes Act
  • Workmen's Compensation Act
  • Employees State Insurance Act
  • Employees Provident Fund Act
  • All of the above