Business Management Set 24 MCQs

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