McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 551. |
Which of the following will not happen if trade union forces up the wage bill? |
| A. | Other things remaining the same firms profit will fall |
| B. | More men will be employed because the higher wages attract them |
| C. | Prices of the product will soon rise |
| D. | Employers will substitute machines for men where possible |
| E. | Fewer men will be employed |
| Answer» B. More men will be employed because the higher wages attract them | |
| 552. |
Under the Apprenticeship Act |
| A. | All industries have to necessarily train the Apprentices |
| B. | Industries have to train Apprentices according to their requirement |
| C. | Only industries owned by Government have to recruit apprentices |
| D. | Only industries employing more than 500 workers have to recruit apprentices |
| E. | None of the above |
| Answer» D. Only industries employing more than 500 workers have to recruit apprentices | |
| 553. |
Stock of raw materials held by a firm is known as its |
| A. | fixed capital |
| B. | working capital |
| C. | circulating capital |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» C. circulating capital | |
| 554. |
Sellers reserve price means |
| A. | The seller refuses to sell the product till the minimum price (covering the cost of production) is offered |
| B. | Seller refuses to sell the product at any price |
| C. | Seller demands the price for whole of his product |
| D. | A price which includes economic profits |
| E. | A price determined for a batch of production |
| Answer» A. The seller refuses to sell the product till the minimum price (covering the cost of production) is offered | |
| 555. |
The overall purpose of training, development is to |
| A. | Increase organizational effectiveness |
| B. | Increase profits |
| C. | Prenant works obsolesence |
| D. | Increase managrical effectiveness |
| E. | None of the above |
| Answer» A. Increase organizational effectiveness | |
| 556. |
The approximate annual rate of growth of population in India is |
| A. | 1 to 2.5 percent |
| B. | 5 to 7.5 percent |
| C. | 8 to 10 pervent |
| D. | 10 to 12 percent |
| E. | 12.5 to 15 percent |
| Answer» A. 1 to 2.5 percent | |
| 557. |
Which of the following is not classified as consumer goods? |
| A. | Clothes |
| B. | Furniture |
| C. | Lubricants |
| D. | Machines |
| E. | Rs. 17,50,500 |
| Answer» D. Machines | |
| 558. |
Which is not the pair of compliment goods? |
| A. | Tea and mild |
| B. | Sweets and sugars |
| C. | Whiskey and soda |
| D. | Concrete and steel |
| E. | Mustard oil and coconut oil |
| Answer» E. Mustard oil and coconut oil | |
| 559. |
Standing orders are applicable to |
| A. | Voluntary |
| B. | Statutory |
| C. | Compulsory |
| D. | Compulsory for big industries only |
| E. | Compulsory for medium industries |
| Answer» B. Statutory | |
| 560. |
Various activities of project are shown on a bar chart by |
| A. | Vertical line |
| B. | Horizontal lines |
| C. | Area of columns |
| D. | Dotted lines |
| E. | Cross marks |
| Answer» B. Horizontal lines | |
| 561. |
Micro-hydel systems meet the power requirements of |
| A. | industries only |
| B. | urban residential areas |
| C. | rural areas |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» C. rural areas | |
| 562. |
By the end of this century the target for nuclear power production is |
| A. | 1000 MW |
| B. | 5000 MW |
| C. | 10,000 MW |
| D. | 100,000 MW. |
| E. | Rs. 17,50,500 |
| Answer» C. 10,000 MW | |
| 563. |
Which of the following groups of income receivers would benefit from deflation? |
| A. | Salary earners |
| B. | Debtors |
| C. | Holders of ordinary shares |
| D. | Preference share holders |
| E. | Improved labour relations |
| Answer» A. Salary earners | |
| 564. |
Dispatching is |
| A. | determining how much work is to be done by operator |
| B. | instructing an operator to begin work |
| C. | intrupting an operator for correction |
| D. | none of the above |
| E. | None of the above |
| Answer» B. instructing an operator to begin work | |
| 565. |
Which of the following state has concentration of textile industries? |
| A. | UP |
| B. | Orissa |
| C. | Gujrat |
| D. | Kerala |
| E. | Rs. 17,50,500 |
| Answer» C. Gujrat | |
| 566. |
Indirect financial and non-financial forms of compensation are called |
| A. | Salaries |
| B. | Services |
| C. | Benefits |
| E. | None of the above |
| Answer» C. Benefits | |
| 567. |
Which of the following wage and salary criteria exerts the greatest influence on industry pay rates? |
| A. | Productivity |
| B. | Ability to pay |
| C. | Cost of living |
| D. | Prevailing pay level |
| E. | Union bargaining power |
| Answer» D. Prevailing pay level | |
| 568. |
Which question would best open up an interview? |
| A. | Do you think you will be successful at this job |
| B. | Give me two reasons why you went into this line of work |
| C. | What do you hope to gain by this transfer? |
| D. | none of the above |
| E. | All of the above |
| Answer» E. All of the above | |
| 569. |
Micro-motion study is |
| A. | Analysis of man-work method by using a motion-picture camera with a timing device in the field of view |
| B. | Motion study observed on enhanced time intervals |
| C. | Motion study of a sequence of operations conducted in parts |
| D. | A study of man and machine conducted separately |
| E. | A scientific analytical procedure for determining a preferable work method |
| Answer» A. Analysis of man-work method by using a motion-picture camera with a timing device in the field of view | |
| 570. |
Which of the following is a free port? |
| A. | Kandla |
| B. | Cochin |
| C. | Calcutta |
| D. | Goa |
| E. | Rs. 17,50,500 |
| Answer» A. Kandla | |
| 571. |
For interpretation of Standing orders the workman can refer to |
| A. | Shop supervisor |
| B. | Management |
| C. | Trade union |
| D. | Labour court |
| E. | None of the above |
| Answer» D. Labour court | |
| 572. |
Selection is |
| A. | Matching |
| B. | Finding |
| C. | Hiring |
| D. | Judging |
| E. | None of the above |
| Answer» C. Hiring | |
| 573. |
The elasticity of demand explains the relationship between |
| A. | Income and demand |
| B. | Price and demand |
| C. | Price of substitutes and demand |
| D. | Utility and demand |
| E. | Price of substitutes and utility |
| Answer» B. Price and demand | |
| 574. |
Time versus output or wage versus incentive are part of problems involving |
| A. | pay level |
| B. | pay control |
| C. | payment method |
| D. | pay structure |
| E. | Individual pay determination |
| Answer» C. payment method | |
| 575. |
The greatest barrier to communication lies in |
| A. | Technological limitations |
| B. | Human differences |
| C. | Distance |
| D. | Semantic problem |
| E. | All of the above |
| Answer» B. Human differences | |
| 576. |
Hindustan Copper Limited has main plant in Khetri which is in the state of |
| A. | Rajasthan |
| B. | J & K |
| C. | Haryana |
| D. | Punjab |
| E. | Rs. 17,50,500 |
| Answer» A. Rajasthan | |
| 577. |
Determining manpower requirements and ways of meeting those requirement is the process of |
| A. | Human resource planning |
| B. | Recruitment |
| C. | Selection |
| D. | Human resource auditing |
| E. | Training |
| Answer» A. Human resource planning | |
| 578. |
When supply is fixed, the market price is determined by |
| A. | demand |
| B. | income |
| C. | Cost |
| D. | Profit |
| E. | Rs. 17,50,500 |
| Answer» A. demand | |
| 579. |
Which of the following is levied on goods imported into India? |
| A. | customs duty |
| B. | Excise duty |
| C. | Estate duty |
| D. | Wealth tax |
| E. | Rs. 17,50,500 |
| Answer» A. customs duty | |
| 580. |
Standing orders are applicable to |
| A. | All industries |
| B. | All engineering industries |
| C. | Only major industries |
| D. | All industries employing more than 500 workers |
| E. | All industries employing more than 100 workers |
| Answer» E. All industries employing more than 100 workers | |
| 581. |
For efficient organisation the principle by which management should abide by |
| A. | There should be a clear distribution between line and staff operation and control |
| B. | A clear understanding of authority under each position |
| C. | A well established and known system of communication |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 582. |
NREP is the agency associated with |
| A. | rural employment |
| B. | industrial growth |
| C. | adult education |
| D. | removal of economic disparities |
| E. | Rs. 17,50,500 |
| Answer» A. rural employment | |
| 583. |
Which of the following is capital good |
| A. | Cigarettes |
| B. | Medicines in a hospital |
| C. | New print |
| D. | News paper |
| E. | Car for factory manager |
| Answer» E. Car for factory manager | |
| 584. |
Which one is not an economic good |
| A. | Poison |
| B. | Water in desert |
| C. | Sand in river bed |
| D. | Sand in desert |
| E. | Trees in forests |
| Answer» D. Sand in desert | |
| 585. |
Lignite based power plant has been established in |
| A. | Bikaner |
| B. | Hazira |
| C. | Rampur |
| D. | Neyveli |
| E. | Rs. 17,50,500 |
| Answer» D. Neyveli | |
| 586. |
People will tend to move out of money and into bonds if they think |
| A. | The rate of interest is going to fall |
| B. | The rate of interest is going to rise |
| C. | The rate of interest is not going to change |
| D. | The price of real goods will rise |
| E. | Free income is going to be taxed by government |
| Answer» A. The rate of interest is going to fall | |
| 587. |
Systematic evaluation of workers job performance and potential for cevelopment is called |
| A. | Production |
| B. | Human resource auditing |
| C. | Appraisal |
| D. | Training and development |
| E. | None of the above |
| Answer» C. Appraisal | |
| 588. |
The term 'OGL' is associated with |
| A. | insurance |
| B. | depreciation of machinery |
| C. | import of goods |
| D. | gross profit |
| E. | Rs. 17,50,500 |
| Answer» C. import of goods | |
| 589. |
Customers are likely to get a variety of goods under |
| A. | Monopoly |
| B. | Perfect competition |
| C. | Oligopoly |
| D. | Monopolistic competition |
| E. | All of the above |
| Answer» B. Perfect competition | |
| 590. |
Which of the following is a necessary characteristic that must be present before an organiszation exists? |
| A. | An objective |
| B. | A collection of resources |
| C. | A combination of people and things |
| D. | A group of people resolving a common objective |
| E. | None of the above |
| Answer» D. A group of people resolving a common objective | |
| 591. |
Communication is defined as |
| A. | Writing, speaking or signating |
| B. | Receiving comprehensible information |
| C. | The process by while thought is transpered to action |
| D. | Transmitting information from one person, place or thing to another person, place or thing |
| E. | All of the above |
| Answer» D. Transmitting information from one person, place or thing to another person, place or thing | |
| 592. |
The main advantage of indirect taxes is that |
| A. | they are regressive in nature |
| B. | easy to collect |
| C. | arbitrary |
| D. | capable of increased production |
| E. | Rs. 17,50,500 |
| Answer» A. they are regressive in nature | |
| 593. |
Devaluation affects imports by making it |
| A. | costher |
| B. | cheaper |
| C. | competitive |
| D. | prohibitive |
| E. | Rs. 17,50,500 |
| Answer» A. costher | |
| 594. |
The main advantage of line organisation is |
| A. | Well defined responsibilities at all levels |
| B. | Effective command and control |
| C. | Rigid discipline |
| D. | Quick decision making at all levels |
| E. | All of the above |
| Answer» E. All of the above | |
| 595. |
The law of demand indicates the relationship between |
| A. | The price of a commodity and the quantity demanded |
| B. | The income of consumer and the quantity demanded |
| C. | The relationship betweent he price of one commodity and the price of a substitute |
| D. | The price of two commodities |
| E. | All of the above |
| Answer» A. The price of a commodity and the quantity demanded | |
| 596. |
Salvaging means |
| A. | Writing off the assets |
| B. | Throwing away the assets |
| C. | Setting the assets |
| D. | Disposing off property which is no longer useful in present situation |
| E. | None of the above |
| Answer» D. Disposing off property which is no longer useful in present situation | |
| 597. |
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 |
| A. | Random variations in operator movements and pace |
| B. | Random variations in the positions of parts worked with |
| C. | Random variations in the position of the tools used |
| D. | Random variations caused by slight errors in watch reading |
| E. | Random variations caused by electricity failures |
| Answer» E. Random variations caused by electricity failures | |
| 598. |
Interest is not paid by banks on |
| A. | Fixed deposits |
| B. | Recurring deposit |
| C. | Savings deposits |
| D. | Cash certificates |
| E. | Traveller's cheqe. |
| Answer» E. Traveller's cheqe. | |
| 599. |
Which of the following is not the characteristics of human wants? |
| A. | Some wants are complementary |
| B. | Wants differ intensity |
| C. | Wants are limited in number |
| D. | Wants are satisfied for the time being and are, therefore recurrent |
| E. | Rs. 17,50,500 |
| Answer» C. Wants are limited in number | |
| 600. |
Which act provides for medical care of workmen? |
| A. | Industrial Disputes Act |
| B. | Workmen's Compensation Act |
| C. | Employees State Insurance Act |
| D. | Employees Provident Fund Act |
| E. | All of the above |
| Answer» C. Employees State Insurance Act | |
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