McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 451. |
What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization? |
| A. | Destroy it |
| B. | Ignore it |
| C. | Impede its flow of messages whenever possible |
| D. | Use it as a supplement to the formal system |
| E. | None of the above |
| Answer» D. Use it as a supplement to the formal system | |
| 452. |
Skilled men receive higher wages than unskilled because |
| A. | The job is more difficult |
| B. | The limited supply of skilled men |
| C. | the productivity of skilled men is greater than that of unskilled men |
| D. | Skilled men possesses certain attributes which the unskilled men do not and therefore earn economic rent |
| E. | All of the above |
| Answer» E. All of the above | |
| 453. |
First free trade zone in India was established in |
| A. | Bombay |
| B. | Calcutta |
| C. | New Delhi |
| D. | Madras |
| E. | Trivandrum |
| Answer» A. Bombay | |
| 454. |
Appraisal is |
| A. | Judging |
| B. | Finding |
| C. | Hiring |
| D. | Matching |
| E. | None of the above |
| Answer» A. Judging | |
| 455. |
Wage and salary criteria are primarily used to determine |
| A. | Pay structures |
| B. | Incentives |
| C. | Cost of living raises |
| D. | Productivity |
| E. | None of the above |
| Answer» A. Pay structures | |
| 456. |
Locating an individual onject from a group is |
| A. | select |
| B. | grasp |
| C. | position |
| D. | hold |
| E. | Waiting time |
| Answer» A. select | |
| 457. |
The deductions for Employees Provident Fund start |
| A. | Immediately on joning the service |
| B. | After one month of joining the service |
| C. | After 120 days of joining of service |
| D. | After 240 days of joining the service |
| E. | After one year of joining the service |
| Answer» D. After 240 days of joining the service | |
| 458. |
Trade will occur when |
| A. | Personnel values are different |
| B. | Middle-men can profit by making trade |
| C. | The exchange leads to more preferred situation for the traders |
| D. | There is enough disparity between the consumption-substitution ratios to cover the costs of trades |
| E. | All of the above |
| Answer» E. All of the above | |
| 459. |
Which of the following is not a form utility? |
| A. | A carpenter |
| B. | A transporter |
| C. | A craftsman |
| D. | A blacksmith |
| E. | Rs. 17,50,500 |
| Answer» B. A transporter | |
| 460. |
A vertical demand curve for a commodity shows that demand is |
| A. | Highly elastic |
| B. | Perfectly melastic |
| C. | Fairly elastic |
| D. | Moderately elastic |
| E. | Totally inelastic |
| Answer» E. Totally inelastic | |
| 461. |
Emerson plan is based on |
| A. | standard time |
| B. | time save |
| C. | time worked |
| D. | none of the above |
| E. | None of the above |
| Answer» C. time worked | |
| 462. |
Which of the following creates time utility? |
| A. | Bank cashier |
| B. | Carpenter |
| C. | Farmer |
| D. | Trader |
| E. | Clerk |
| Answer» C. Farmer | |
| 463. |
Gross national income minus net national income equals |
| A. | cost |
| B. | taxes |
| C. | depreciation |
| D. | wages |
| E. | Rs. 17,50,500 |
| Answer» C. depreciation | |
| 464. |
Price elasticity of demand is best defined as |
| A. | The change in the tastes of consumers at different prices |
| B. | The rate of response of demand to a change in supply |
| C. | The change in costs when output is increased by one unit |
| D. | The rate of response of demand to a change in price |
| E. | Being depended on whether the goods are a lusury or not |
| Answer» D. The rate of response of demand to a change in price | |
| 465. |
The advantage of mass production is |
| A. | better quality |
| B. | use of new technology |
| C. | sophistication |
| D. | reduced cost of production |
| E. | Rs. 17,50,500 |
| Answer» D. reduced cost of production | |
| 466. |
Which of the following depicts joint demand? |
| A. | Magazine and newspaper |
| B. | Coffee and tea |
| C. | Lipstick and nail polish |
| D. | Paper and book |
| E. | Tooth paste and brush |
| Answer» E. Tooth paste and brush | |
| 467. |
In wimplex method of linear programming the objective row of the matrix consists of |
| A. | Coefficient of the objective function, which is the profit contribution per unit of each of the products |
| B. | Names of the variables of the problems |
| C. | Slack variables |
| D. | Any of the above |
| E. | None of the above |
| Answer» A. Coefficient of the objective function, which is the profit contribution per unit of each of the products | |
| 468. |
Floating of a currency leads to |
| A. | Devaluation |
| B. | Revaluation |
| C. | Over-valuation |
| D. | Either revaluation or devaluation |
| E. | Either revaluation or over-valuation |
| Answer» D. Either revaluation or devaluation | |
| 469. |
Time standards developed as a result of time study may be used for |
| A. | Wage incentives |
| B. | Plant layout |
| C. | Budgetary control |
| D. | Equipment selection |
| E. | Any of the above |
| Answer» E. Any of the above | |
| 470. |
In case of paper money the face value is |
| A. | less than its intrinsic value |
| B. | more than its intrinsic value |
| C. | same as its intrinsic value |
| E. | Rs. 17,50,500 |
| Answer» B. more than its intrinsic value | |
| 471. |
Which of the following company is under cooperative sector? |
| A. | DCM Limited |
| B. | Voltas Ltd |
| C. | IFFCO |
| D. | BARC |
| E. | Rs. 17,50,500 |
| Answer» C. IFFCO | |
| 472. |
Indicate the group of persons who gain from inflation |
| A. | Stock holders |
| B. | Bond holders |
| C. | Debetures holders |
| D. | Fixed deposit holders |
| E. | Improved labour relations |
| Answer» A. Stock holders | |
| 473. |
At break-even point, total cost is equal |
| A. | fixed cost |
| B. | variable cost |
| C. | income |
| D. | none of the above |
| E. | None of the above |
| Answer» C. income | |
| 474. |
Balanced growth means |
| A. | Equal percentage growth in output |
| B. | Equal increase in resources allocated |
| C. | Different parts of the economy grow in a harmonious manner |
| D. | Different fields grow in a natural rate |
| E. | None of the above |
| Answer» C. Different parts of the economy grow in a harmonious manner | |
| 475. |
Fountain pen and ink are |
| A. | independent goods |
| B. | substitute goods |
| C. | complimentary goods |
| D. | classified goods |
| E. | Rs. 17,50,500 |
| Answer» C. complimentary goods | |
| 476. |
The main disadvantage of line organisation is |
| A. | Communication delay |
| B. | Rigid structure |
| C. | Top level executions over work |
| D. | All the above |
| E. | None of the above |
| Answer» D. All the above | |
| 477. |
A worker's real wages are determined by |
| A. | The average daily wage |
| B. | The purchasing power of his earnings |
| C. | The money value of his production |
| D. | The actual amount paid in lieu of work done |
| E. | Any of the above |
| Answer» C. The money value of his production | |
| 478. |
Which of the following is not a financing institution? |
| A. | IFCI |
| B. | IDBI |
| C. | FCI |
| D. | IRCI |
| E. | Rs. 17,50,500 |
| Answer» C. FCI | |
| 479. |
Which of the following place is not associated with steel plant? |
| A. | Salem |
| B. | Visakhapatnam |
| C. | Bhadravati |
| D. | Udaipur |
| E. | Rs. 17,50,500 |
| Answer» D. Udaipur | |
| 480. |
Which of the following is not wealth? |
| A. | Office building |
| B. | Goodwill of a firm |
| C. | Services of a consultant |
| D. | Water in sea |
| E. | Rs. 17,50,500 |
| Answer» D. Water in sea | |
| 481. |
Which of the following item enjoys governemtn subsidy? |
| A. | Fertiliser |
| B. | Petroleum |
| C. | Cooking gas |
| D. | Cloth |
| E. | Rs. 17,50,500 |
| Answer» A. Fertiliser | |
| 482. |
A captive power plant is |
| A. | established by a industry to meet its own requirements |
| B. | an emergency power plant for peak load |
| C. | a power plant operated in case of emergency only |
| D. | one which directly drives the machine without producing electrical energy |
| E. | Rs. 17,50,500 |
| Answer» A. established by a industry to meet its own requirements | |
| 483. |
Rourkela steel plant has been established in collaboration with |
| A. | UK |
| B. | Germany |
| C. | USSR |
| D. | USA |
| E. | Rs. 17,50,500 |
| Answer» B. Germany | |
| 484. |
The most frequent form of occupational disease is produced by |
| A. | Skin irritants |
| B. | Noise |
| C. | Contamination |
| D. | Radiation |
| E. | Job specification |
| Answer» A. Skin irritants | |
| 485. |
In a field you see ten workers harvesting raice with bare hands. The reapers are not unemployed. Then this is a case of |
| A. | Under production |
| B. | Lack of skill |
| C. | Labour intensive production |
| D. | Bonded labour system |
| E. | Disguised unemployment |
| Answer» E. Disguised unemployment | |
| 486. |
The imposition of a tariff by country A on imports from country B |
| A. | Always benefits A |
| B. | Always benefits B |
| C. | May benefit A, if B does not retaliate |
| D. | Could benefit both countries provided B retaliates |
| E. | Depends on the shape of reciprocal demands |
| Answer» E. Depends on the shape of reciprocal demands | |
| 487. |
Equilibrium exists between |
| A. | Buyers and sellers |
| B. | Supply and demand |
| C. | Price and quality |
| D. | Quantity and quantity |
| E. | All of the above |
| Answer» E. All of the above | |
| 488. |
An industrial dispute is a dispute, disagreement or difference between |
| A. | Management and government |
| B. | Management and workers |
| C. | Workers and workers |
| D. | Trade unions and trade unions |
| E. | (A), (C) and (D) only |
| Answer» E. (A), (C) and (D) only | |
| 489. |
Which of the following is not ensured in a socialistic system of economy? |
| A. | Economic equality |
| B. | Economic stability |
| C. | Private initiative |
| D. | Best optimum use of available resources |
| E. | Rs. 17,50,500 |
| Answer» C. Private initiative | |
| 490. |
Time study is not used |
| A. | To determine overhead expenses |
| B. | To provide a basis for setting piece prices or incentive wages |
| C. | To determined standard costs |
| D. | To determine the number of machines a person may run |
| E. | To compare alternative method |
| Answer» A. To determine overhead expenses | |
| 491. |
Which of the following is not a feature of developed economy? |
| A. | Predominance of industries |
| B. | High per capita income |
| C. | Predominance of indirect taxes |
| D. | High rate of capital formation |
| E. | Rs. 17,50,500 |
| Answer» C. Predominance of indirect taxes | |
| 492. |
Standard time is defined as |
| A. | Normal time |
| B. | Normal time + allowances |
| C. | Normal time + avoidable delays + allowances |
| D. | Normal time + unavoidable delays + allowances |
| E. | Normal time + idle time + allowances |
| Answer» B. Normal time + allowances | |
| 493. |
In work study the symbol D implies |
| A. | Delay |
| B. | Transport |
| C. | Operation |
| D. | Inspection |
| E. | Temporary storage |
| Answer» A. Delay | |
| 494. |
Division of labour is helpful in |
| A. | batch production |
| B. | mass production |
| C. | quality assurance |
| D. | bulky goods |
| E. | Rs. 17,50,500 |
| Answer» B. mass production | |
| 495. |
According to Mc Gregor's theory of management |
| A. | All managers are complex in behaviour and it is difficult to get work done |
| B. | X managers in organisation will not work and Y managers will work. The ratio X/Y depends on the organisational set up |
| C. | The ratio X/Y is always on 0.5 for any organisation |
| D. | X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can |
| E. | None of the above |
| Answer» D. X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can | |
| 496. |
In order to promote sales a company spends considerable amount on publicity by way of campaign on radio, TV, advertisement in papers etc. Such expenses in break even analysis are shown under |
| A. | Fixed cost |
| B. | Variable costs |
| C. | Total costs line |
| D. | Total sales line |
| E. | Not shown in break even chart |
| Answer» B. Variable costs | |
| 497. |
MRO inventories are |
| A. | Machine repairs or Operation supplies |
| B. | Money on repairs |
| C. | Maintenance repair and Operation supplies |
| D. | Mainly repair operations supplies |
| E. | None of the above |
| Answer» C. Maintenance repair and Operation supplies | |
| 498. |
Essential feature of deflation is |
| A. | Fall in prices |
| B. | Fall in exports |
| C. | Rise in production |
| D. | All of the above |
| E. | None of the above |
| Answer» A. Fall in prices | |
| 499. |
Assuming the statistical information is available, which of the following is the best measure of an increase in a country's economic efficiency? |
| A. | Increase in real national income |
| B. | Increase in real national income per head of the working population |
| C. | Increase in net annual investment |
| D. | Increase net annual private investment |
| E. | Increase in transactions involving transfer of money |
| Answer» B. Increase in real national income per head of the working population | |
| 500. |
The "system approach" to motivation attempts to avoid the incompleteness or one sidedness of other approaches to behaviour is made by integrating these kinds of motivational inputs |
| A. | Individual, group and environmental factors |
| B. | Roles, forms and traditions |
| C. | Social, economic and political influences |
| D. | Instinctual, lognitive and cultural effects |
| E. | None of the above |
| Answer» A. Individual, group and environmental factors | |
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