McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 351. |
The cause of slow growth of national income in India is |
| A. | rapid population growth |
| B. | deficiency in investment |
| C. | high capital output ratio |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» A. rapid population growth | |
| 352. |
Machine loading means |
| A. | Total load of machine + load of job |
| B. | Load of machine + load of heaviest job that machine can take |
| C. | Load of machine + load of heaviest job that machine can take |
| D. | Electrical load required for the machine motors |
| E. | Amount of work assigned to a machine |
| Answer» E. Amount of work assigned to a machine | |
| 353. |
All of the following are the characteristics of socialism EXCEPT |
| A. | Lack of competition |
| B. | Government owns factors of production |
| C. | Elimination of exploitation |
| D. | Private sector to help public sector |
| E. | Rs. 17,50,500 |
| Answer» D. Private sector to help public sector | |
| 354. |
Budget is the major instrument of |
| A. | Fiscal policy |
| B. | Monetary policy |
| C. | Economic policty |
| D. | Export policy |
| E. | Rs. 17,50,500 |
| Answer» A. Fiscal policy | |
| 355. |
Recruiting is |
| A. | Judging |
| B. | Finding |
| C. | Hiring |
| D. | Matching |
| E. | All of the above |
| Answer» B. Finding | |
| 356. |
Which is the proper requence |
| A. | Recuriting selecting placing indoctrimating |
| B. | Indoctrimating-recruiting-selecting-placing |
| C. | Recruiting-selecting-indoctrimating-placing |
| D. | Selecting-placing-recruiting-indoctrimating |
| E. | None of the above |
| Answer» A. Recuriting selecting placing indoctrimating | |
| 357. |
Break even analysis requires |
| A. | fixed cost |
| B. | variable cost |
| C. | income |
| D. | none of the above |
| E. | None of the above |
| Answer» D. none of the above | |
| 358. |
The present value of a Rs. 100 payable one year from today its |
| A. | Rs. 100 |
| B. | Rs. 105 if the interest rate is 5% |
| C. | Rs. 110 if the interest rate is 10% |
| D. | Rs. 95 if the interest rate is 5% |
| E. | None of the above |
| Answer» D. Rs. 95 if the interest rate is 5% | |
| 359. |
A monopolist can charge a high price only for those commodities which have |
| A. | elastic demand |
| B. | inelastic demand |
| C. | no demand |
| E. | Rs. 17,50,500 |
| Answer» B. inelastic demand | |
| 360. |
The retirement benefits for workmen are covered under |
| A. | Payment of Wages Act |
| B. | Payment of Bonus Act |
| C. | Employees Provident Fund Act |
| D. | Workmen's Compensation Act |
| E. | All of the above |
| Answer» C. Employees Provident Fund Act | |
| 361. |
Emerson plan awards bonus based on time |
| A. | which is standard |
| B. | Saved |
| C. | worked |
| D. | none of the above |
| E. | None of the above |
| Answer» C. worked | |
| 362. |
Common bases for monopoly include all of the following but |
| A. | Control over a key patent |
| B. | Extensive diseconomies of scale in production |
| C. | Control over a strategic raw material |
| D. | Extensive economies of scale in production |
| E. | Control over channels of distribution |
| Answer» B. Extensive diseconomies of scale in production | |
| 363. |
In a factory the costs which increase as output increases are known as |
| A. | Fixed costs |
| B. | Variable costs |
| C. | Total costs line |
| D. | Average fixed costs |
| E. | Average total costs |
| Answer» B. Variable costs | |
| 364. |
The salient feature of functional organisation is |
| A. | Work is properly planned and distributed |
| B. | Strict adherence to specifications |
| C. | Each individual maintains functional efficiency |
| D. | Separation of planning and design |
| E. | All of the above |
| Answer» E. All of the above | |
| 365. |
PERT analysis is based on |
| A. | Optimistic time |
| B. | Pessimistic time |
| C. | Most likely time |
| D. | All the above |
| E. | None of the above |
| Answer» D. All the above | |
| 366. |
In retractional flow system in plant layout |
| A. | Material is transferred from one machine to another without having to move again along the same path |
| B. | The flow is repeated for completing non-consecutive operations |
| C. | Materials fed at one end and components leave at the other end |
| D. | The feeding to and ejection from the line is at the same end |
| E. | The flow of material is in zig-zag path |
| Answer» B. The flow is repeated for completing non-consecutive operations | |
| 367. |
EOQ stands for |
| A. | Elements of quality control |
| B. | Elimination of quality inspection |
| C. | End of quality inspection stage |
| D. | Economic order quantity |
| E. | None of the above |
| Answer» D. Economic order quantity | |
| 368. |
The amount deducted from the salary of workers towards Employees Provident Fund is |
| A. | Retained by employer |
| B. | Deposited in bank |
| C. | Deposited in Post office |
| D. | Deposited in the account of workers with employer |
| E. | Deposited in the account of workers with Provident Fund Commissioner |
| Answer» E. Deposited in the account of workers with Provident Fund Commissioner | |
| 369. |
In break even analysis the total cost consists of |
| A. | fixed cost |
| B. | Variable cost |
| C. | Fixed cost + Variable cost |
| D. | Fixed cost + Variable cost + Profits |
| E. | Fixed cost + Variable cost + Profits + Overheads |
| Answer» A. fixed cost | |
| 370. |
Which of the following represents joint supply? |
| A. | Paan Parag and Paan Bahar |
| B. | Cigarettes and Bidis |
| C. | Radiosets and Transistors |
| D. | Birds and Cages |
| E. | Rs. 17,50,500 |
| Answer» D. Birds and Cages | |
| 371. |
The disadvantage of product layout is |
| A. | High initial investment is required for the specialized facilities |
| B. | Skill labour is required to operate general purpose machinery |
| C. | Production time is longer, requiring more goos in prices |
| D. | Cost of inspection is very high |
| E. | Production control is complex and costly |
| Answer» A. High initial investment is required for the specialized facilities | |
| 372. |
Which of the following is the characteristic of national income distribution of India? |
| A. | Great income inequalities |
| B. | Inequality in sharing consumption |
| C. | Regional disparities in growth and development |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» D. All of the above | |
| 373. |
In work study the symbol O implies |
| A. | Delay |
| B. | Operation |
| C. | Transport |
| D. | Inspection |
| E. | Temporary storage |
| Answer» B. Operation | |
| 374. |
Which of the following is not an advantage of large scale production? |
| A. | Cheap production |
| B. | Latest use at technology |
| C. | Full opportunities for exhibition of creative art |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Full opportunities for exhibition of creative art | |
| 375. |
All of the following are the characteristics of mixed economy EXCEPT |
| A. | Co-existence of private and public sectors |
| B. | Economic welfare |
| C. | Economic equality |
| D. | Govt. control over huge capital investment industries |
| E. | Rs. 17,50,500 |
| Answer» C. Economic equality | |
| 376. |
Control of production is done through |
| A. | scheduling |
| B. | follow up |
| C. | dispatching |
| D. | none of the above |
| E. | None of the above |
| Answer» B. follow up | |
| 377. |
Training current workers new skills may be best thought of as |
| A. | Time consuming |
| B. | Downgrading |
| C. | Retraining |
| D. | Inefficient |
| E. | Benevolent |
| Answer» B. Downgrading | |
| 378. |
Which does not apply to the point system? |
| A. | Stability of rating scale |
| B. | Worker acceptance |
| C. | Valid |
| D. | Quickly constructed |
| E. | Reliable |
| Answer» D. Quickly constructed | |
| 379. |
Mixed economy is identified by |
| A. | Lack of competition |
| B. | co-existence of public and private sectors |
| C. | vigorous competition |
| D. | rising trend in prices |
| E. | Rs. 17,50,500 |
| Answer» B. co-existence of public and private sectors | |
| 380. |
Human resource action programmes are commonly found in which of the following areas |
| A. | Labour relations - collective bargaining |
| B. | Training development |
| C. | Recruitment selection |
| D. | Benefits and compensation |
| E. | All of the above |
| Answer» E. All of the above | |
| 381. |
Which of the following wage and salary criteria refer to organizationally internal wage determinants? |
| A. | Ability to pay |
| B. | Supply and demand |
| C. | Cost of living |
| D. | Prevailing pay |
| E. | Union bargaining power |
| Answer» A. Ability to pay | |
| 382. |
Queuing theory is associated with |
| A. | Production time |
| B. | Inventory |
| C. | Sales |
| D. | Inspection time |
| E. | Waiting time |
| Answer» E. Waiting time | |
| 383. |
Which of the following is the broadcast concept |
| A. | Job description |
| B. | Job analysis |
| C. | Position description |
| D. | Position specification |
| E. | Job specification |
| Answer» B. Job analysis | |
| 384. |
Which of the following is a multination corporation? |
| A. | IBM |
| B. | LST |
| C. | DCM |
| D. | Escorts |
| E. | Rs. 17,50,500 |
| Answer» A. IBM | |
| 385. |
The advertisement cost is included |
| A. | In fixed cost |
| B. | Sometimes in fixed cost and sometimes in variable costs |
| C. | Always in variable costs |
| D. | Never included in variable costs |
| E. | It is a separate head of costs |
| Answer» C. Always in variable costs | |
| 386. |
If the price level rises with a marked change in real output this is known as |
| A. | Inflation |
| B. | Deflation |
| C. | Devaluation |
| D. | Revaluaion |
| E. | Improved labour relations |
| Answer» D. Revaluaion | |
| 387. |
Which of the following cheque is encashable at any branch of the issuing bank? |
| A. | Bearer cheque |
| B. | Crossed cheque |
| C. | Traveller's cheque |
| D. | Order cheque |
| E. | Rs. 17,50,500 |
| Answer» C. Traveller's cheque | |
| 388. |
PERT stands for |
| A. | Project estimation and return times |
| B. | Planning estimation, review techniques |
| C. | Project evaluation and review techniques |
| D. | Puching edging and review techniques |
| E. | Precise Estimation and Results Technique |
| Answer» C. Project evaluation and review techniques | |
| 389. |
Upper limit for capital investment in small scale industries is |
| A. | Rs. 10 lakhs |
| B. | Rs. 15 lakhs |
| C. | Rs. 35 lakhs |
| D. | Rs. 50 lakhs |
| E. | Rs. 17,50,500 |
| Answer» C. Rs. 35 lakhs | |
| 390. |
Demand for electricity is elastic because |
| A. | It is very expensive |
| B. | It has number of close substitutes |
| C. | It has number of alternatives uses |
| D. | All of the above |
| E. | None of the above |
| Answer» C. It has number of alternatives uses | |
| 391. |
PERT is |
| A. | Based on one time estimates |
| B. | Synthesis in concepts |
| C. | Used for repetitive works |
| D. | Built of activities oriented programme |
| E. | All of the above |
| Answer» E. All of the above | |
| 392. |
While estimating 'Economic Order Quantity' if uniform inflation rate is also taken into consideration as compared to conventional method |
| A. | The lot size with inflation will reduce |
| B. | The lot size with inflation will increase |
| C. | There will be no change |
| D. | Inventories are not related with inflation |
| E. | None of the above |
| Answer» B. The lot size with inflation will increase | |
| 393. |
Which one of the following is a 'free good' in economics? |
| A. | Tap water |
| B. | Water in canal |
| C. | Water in Atlantic ocean |
| D. | Distilled water |
| E. | Soda-water |
| Answer» C. Water in Atlantic ocean | |
| 394. |
Which cheque can be encashed by any one |
| A. | Account payee cheque |
| B. | Crossed cheque |
| C. | Bearer cheque |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» C. Bearer cheque | |
| 395. |
A monopolist makes maximum profits when |
| A. | Prices are high |
| B. | Production is maximum |
| C. | Marginal cost is equal to marginal revenue |
| D. | Sales are high |
| E. | Buyers buy less |
| Answer» D. Sales are high | |
| 396. |
A joint sector undertaking |
| A. | Is jointly managed by several shareholders |
| B. | Is jointly owned by only two directors |
| C. | In jointly owned by State and Central Governments |
| D. | Is jointly owned by private parties and Government |
| E. | None of the above |
| Answer» D. Is jointly owned by private parties and Government | |
| 397. |
The benefit of good communication in a factory is |
| A. | Reduced frustration |
| B. | Improvement in work performance |
| C. | Development of good human relations |
| D. | Creation of interests and attention |
| E. | Better profits |
| Answer» E. Better profits | |
| 398. |
When two persons exchange their goods without bringing in money, it is known as |
| A. | internal exchange |
| B. | block exchange |
| C. | barter |
| D. | profiteering |
| E. | Rs. 17,50,500 |
| Answer» C. barter | |
| 399. |
Because cost of living raises are not earned, but are a condition of employment, they may be considered |
| A. | Incentives |
| B. | Promotions |
| C. | Indirect compensation |
| D. | Reversable |
| E. | All of the above |
| Answer» C. Indirect compensation | |
| 400. |
Industrial safety is defined as |
| A. | A disease free work environment |
| B. | Job security |
| C. | Less than 2% chance of injury |
| D. | Freedom from danger or injury, risk or loss |
| E. | A grievance free environment |
| Answer» D. Freedom from danger or injury, risk or loss | |
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