Quiznetik
Business Management | Set 7
1. If two commodities are jointly demanded they are
A. Inferior goods
B. Compliments
C. Necessities
D. Substitutes
E. Multiple goods
Correct : B. Compliments
2. A product layout is generally suggested for
A. Jobbing work
B. Batch production
C. Continuous type of production
D. Efficient machine utilization ratio
E. None of the above
Correct : C. Continuous type of production
3. Which of the following does not represent time utility?
A. Old rice
B. Cold storage
C. Sand in cities
D. All of the above
E. Rs. 17,50,500
Correct : C. Sand in cities
4. The conditions to be fullfilled before the Standing orders are certified are
A. They Standing orders should provide for every matter set out in the schedule which is applicable to the Industrial establishment
B. The Standing orders should be in conformity with the provisions of the Act
C. The certifying officers or the Appellate authority shall before certifying the Standing orders adjusdicate upon the fairness or reasonableness of the provisions of any Standing orders
D. (A) and (B) above
E. (A), (B) and (C) above
Correct : E. (A), (B) and (C) above
5. Saving is defined as
A. Accounting difference between current income and consumption
B. Sum of savings made by the different factors
C. Excess of expenditure over available income
D. Amount set aside for meeting unforeseen expenditure
E. None of the above
Correct : A. Accounting difference between current income and consumption
6. The variance of a statistical distribution indicates
A. The average value of the distribution
B. The spread of the distribution
C. The value of the variate with the largest frequency
D. The difference between the extreme values in the distribution
E. None of the above
Correct : B. The spread of the distribution
7. During contract negotiations, what two territorial rights are weighed against each other?
A. Employee rights
B. Management rights
C. Government rights
D. (A) and (C)
E. (A) and (B)
Correct : E. (A) and (B)
8. Principal wage and salary issues are all concerned with
A. Filling open positions with the most qualified personnal available
B. Creating an equitable pay system
C. Getting the most labour for the industry's expenditures
D. All of the above
E. None of the above
Correct : B. Creating an equitable pay system
9. The objective of an organizational hygiene program is
A. To prevent accidents
B. To make the workplace risk free
C. To supply emergency medical service to workers and their families
D. To prevent occupational diseases
E. Job specification
Correct : D. To prevent occupational diseases
10. The wage rate of brick layers is likely to rise due to
A. A depression in building industry
B. An increase in the demand for houses
C. The development of cheap industrial building process
D. A decrease in productivity of bricklayer
E. None of the above
Correct : B. An increase in the demand for houses
11. Contribution of a growing production to economic growth consists in what is
A. Adds to consumption
B. Adds to production minus what it takes away from the national product in the form of consumption
C. Adds to saving and investment
D. Adds to reproducible resources
E. None of the above
Correct : B. Adds to production minus what it takes away from the national product in the form of consumption
12. Which of the following is not usually included in list of probable economies of large scale production?
A. Efficient management
B. Specialised labour force
C. Advertising
D. Use of machinery
E. Improved labour relations
Correct : C. Advertising
13. The state in India which has maximum population is
A. West Bengal
B. Kerala
C. Madhya Pradesh
D. Uttar Pradesh
E. Rajasthan
Correct : C. Madhya Pradesh
14. Which of the following is a hard currency?
A. Takka
B. Dinar
C. Yen
D. Rival
E. Rs. 17,50,500
Correct : C. Yen
15. The information used to evaluate how successful a manager is in achieving planned objectives in included
A. Profit plan or budgets
B. Financial statements
C. Proforma statements
D. Performance reports
E. None of the above
Correct : D. Performance reports
16. Speculation arises because of
A. Monopolistic competition
B. Stock market
C. Share market
D. Uncertainty of the future
E. All of the above
Correct : D. Uncertainty of the future
17. Sinking fuad' is associated with
A. employees welfare
B. mahcine depreciation
C. idle timing
D. indirect labour cost
E. Rs. 17,50,500
Correct : B. mahcine depreciation
18. Micromotion study is
A. Enlarged view of motion study
B. Analysis of one stage of motion chart
C. Motion study when seen on a time chart
D. Sub-division of an operation into therbligs and their analysis
E. Motion study with micro-seconds as units
Correct : D. Sub-division of an operation into therbligs and their analysis
19. India had a plan holiday between
A. 1947 and 1951
B. 1963 and 1966
C. 1966 and 1969
D. 1971 and 1974
E. 1977 and 1980
Correct : D. 1971 and 1974
20. Basic tool in work study is
A. Process chart
B. Planning chart
C. Shop layout
D. Bar chart
E. Stop watch
Correct : E. Stop watch
21. The incentive plan which awards bonus to worker on the basis of time save in addition to certain base rate is
A. Halsey plan
B. Rowan plan
C. Emerson plan
D. none of the above
E. None of the above
Correct : A. Halsey plan
22. All of the following are the characteristics of capitalism EXCEPT
A. Right to private property
B. Economic equality
C. Profit motive
D. Right of free enterprise
E. Rs. 17,50,500
Correct : B. Economic equality
23. The performance of a company can be judged by its
A. Share capital
B. total production
C. number of employees
D. profits
E. Rs. 17,50,500
Correct : D. profits
24. In linear programming shadow prices are
A. The values assigned to one unit of capacity
B. Maximum cost per item
C. Cost of brought out items
D. Cost of items manufactured in the plant
E. Lowest sales prices
Correct : A. The values assigned to one unit of capacity
25. Which of the following groups of economists find consumers sovereignty undesirable?
A. Capitalists
B. Socialists
C. Mercantilists
D. Positivists
E. All of the above
Correct : B. Socialists
26. Theory X and theory Y were identified by
A. Douglas Mc Gregor
B. Frederick Herzberg
C. Abbraham Maslow
D. Fritz Roethlisberger
E. None of the above
Correct : A. Douglas Mc Gregor
27. Which Trade Union has affiliation to Congress party
A. All India Trade Union Congress
B. The Centre of Indian Trade Union
C. The Indian Nation trade Union Congress
D. The Hind Mazdoor Sabha
E. None of the above
Correct : A. All India Trade Union Congress
28. Interest is not payable on investment in
A. debentures
B. fixed deposits
C. shares
D. secured loans
E. Rs. 17,50,500
Correct : C. shares
29. A monopolistic firm's average revenue is always
A. Rising
B. Falling
C. Constant
D. Dometimes rising sometimes falling
E. Depends on several variables
Correct : A. Rising
30. All the following debt securities pay the bearer interest except
A. Corporate bonds
B. Treasury bills
C. Debentures
D. Treasury bonds
E. State government bonds
Correct : B. Treasury bills
31. Which of the following is an example of non-economic goods?
A. A packet of cigarette
B. Sand in desert
C. Plastic scrap
D. An empty bottle of whickey
E. Rs. 17,50,500
Correct : B. Sand in desert
32. Windfall profits accrue due to
A. professional management
B. use of ultra modern machinery
C. reduced cost of inputs
D. unexpected circumstances
E. Rs. 17,50,500
Correct : D. unexpected circumstances