McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 401. |
Which of the following law is related to health of workers? |
| A. | ESI |
| B. | Payment of wages act |
| C. | Employees Provident Fund Act |
| D. | Payment of Bonus Act |
| E. | Rs. 17,50,500 |
| Answer» A. ESI | |
| 402. |
A gantt chart provides information about |
| A. | Sales |
| B. | Inventory |
| C. | Machine utilisations |
| D. | Rejections |
| E. | Production schedule |
| Answer» E. Production schedule | |
| 403. |
Expediting is watching |
| A. | flow of material |
| B. | worker's activity |
| C. | minimizing delay |
| D. | none of the above |
| E. | None of the above |
| Answer» B. worker's activity | |
| 404. |
Which of the following public sector is under the Ministry of Defence? |
| A. | Sail |
| B. | FCI |
| C. | HAL |
| D. | NTPC |
| E. | Rs. 17,50,500 |
| Answer» C. HAL | |
| 405. |
Estimates or predictions are probably most indispensable in |
| A. | Planning |
| B. | Organizing |
| C. | Directing |
| D. | Control |
| E. | All of the above |
| Answer» D. Control | |
| 406. |
Scheduling is |
| A. | alloting a job to an operator |
| B. | alloting a job to a machine |
| C. | fixing the time of completition of a job |
| D. | detailing the sequence of operation job wise and machine wise |
| E. | None of the above |
| Answer» D. detailing the sequence of operation job wise and machine wise | |
| 407. |
For a fact be considered as information, it must relate to a thing or circumstance and be |
| A. | Quantitatives |
| B. | Relevant |
| C. | Objective |
| D. | Added knowledge |
| E. | All of the above |
| Answer» D. Added knowledge | |
| 408. |
Which of the following item is not produced under mass production? |
| A. | Ball bearings |
| B. | Automobile tyres |
| C. | Aircraft |
| D. | Passenger cars |
| E. | Rs. 17,50,500 |
| Answer» C. Aircraft | |
| 409. |
One item in the list given below is not capital. Which is that item? |
| A. | Strw in a barn |
| B. | Straw in a hat factory |
| C. | A straw in a hat shop |
| D. | A straw hat in your room |
| E. | None of the above |
| Answer» A. Strw in a barn | |
| 410. |
If the price index is 200, it means that the price level is |
| A. | 200 percent higher than in the base year |
| B. | 150 percent higher than in the base year |
| C. | 100 percent higher than in the base year |
| D. | 50 percent higher than in the base year |
| E. | Rs. 17,50,500 |
| Answer» C. 100 percent higher than in the base year | |
| 411. |
When prices rise |
| A. | creditors benefit |
| B. | debtors benefit |
| C. | creditors as well as debtors benefit |
| D. | no one benefits |
| E. | Rs. 17,50,500 |
| Answer» B. debtors benefit | |
| 412. |
Which of the following principal wage and salary issues and problems is concerned with the internal hierarchy of pay rates, pay grades and job classifications existing within an organisation |
| A. | pay control |
| B. | Pay level |
| C. | pay structure |
| D. | Payment method |
| E. | None of the above |
| Answer» C. pay structure | |
| 413. |
Which market describes a monopoly |
| A. | Many buyers and many sellers |
| B. | One seller, many buyers |
| C. | One buyer, many sellers |
| D. | Few sellers, many buyers |
| E. | One buyer, one seller |
| Answer» B. One seller, many buyers | |
| 414. |
The objective of time study is to determine the time required to complete a job by |
| A. | Fastest worker |
| B. | Average worker |
| C. | Slow worker |
| D. | Apprentice |
| E. | Any of the above |
| Answer» D. Apprentice | |
| 415. |
A military organisation is known as |
| A. | Line organisation |
| B. | Line and staff organisation |
| C. | Functional organisation |
| D. | Committee |
| E. | None of the above |
| Answer» A. Line organisation | |
| 416. |
Which of the following agency is associated with housing? |
| A. | REC |
| B. | TRYSEM |
| C. | HUDCO |
| D. | INTUC |
| E. | Rs. 17,50,500 |
| Answer» C. HUDCO | |
| 417. |
From employees point of view, increased benefits are noticed by |
| A. | Needs |
| B. | Unions |
| C. | Grievances |
| D. | Common practice |
| E. | None of the above |
| Answer» A. Needs | |
| 418. |
Which would cause interest rates to rise? |
| A. | Diamond for money |
| B. | Standard of living |
| C. | Value of money |
| D. | General level of prices |
| E. | All of the above |
| Answer» A. Diamond for money | |
| 419. |
All of the following are perquisites EXCEPT |
| A. | Leave Travel Assistance |
| B. | Contributory Provident Fund |
| C. | Travelling allowance |
| D. | Leave encashment |
| E. | Rs. 17,50,500 |
| Answer» C. Travelling allowance | |
| 420. |
Hiring is most closely related to which of the following staffing subprocesses |
| A. | Appraisal |
| B. | Indoctrimation |
| C. | Placement |
| D. | Selection |
| E. | Recruitment |
| Answer» D. Selection | |
| 421. |
Capital gains are |
| A. | Unanticipated increases in income |
| B. | Income from lottery |
| C. | Income through interest earned on invetment |
| D. | Income of dividends, received from companies |
| E. | Unanticipated changes in value of property relative to the goods |
| Answer» E. Unanticipated changes in value of property relative to the goods | |
| 422. |
Who among the following offers service utility? |
| A. | Teacher |
| B. | Peon |
| C. | Philosopher |
| D. | Doctor |
| E. | Rs. 17,50,500 |
| Answer» D. Doctor | |
| 423. |
A good organisation requires that |
| A. | Every body should feel responsibility |
| B. | Every body should be authorised to get any work done for expeditious disposal |
| C. | Frequent change in responsibility so that every body gets the taste of every job |
| D. | Communication system should be dull so that secrets do not leakout |
| E. | Responsibilities should be clearly defined |
| Answer» E. Responsibilities should be clearly defined | |
| 424. |
If the price of tea rises and that of coffee falls |
| A. | More tea will be bought |
| B. | More coffee will be bought |
| C. | More sugar will be bought |
| D. | More tea and less coffee will be bought |
| E. | Demand will depend upon the price difference |
| Answer» B. More coffee will be bought | |
| 425. |
Which of the following is an indirect tax? |
| A. | Gift tax |
| B. | Estate duty |
| C. | Income tax |
| D. | Import duty |
| E. | Rs. 17,50,500 |
| Answer» D. Import duty | |
| 426. |
The mass production generally refers to |
| A. | Large scale production |
| B. | Flow production |
| C. | Machine production |
| D. | Computerized production |
| E. | None of the above |
| Answer» A. Large scale production | |
| 427. |
Standing orders are certified by |
| A. | Management |
| B. | Workers |
| C. | Workers union |
| D. | Management and workers union |
| E. | Certifying officer of government |
| Answer» E. Certifying officer of government | |
| 428. |
The appellate authority for an industrial dispute is |
| A. | Management |
| B. | Labour court |
| C. | High court/Supreme court |
| D. | Labour Minister state/centre |
| E. | Government |
| Answer» C. High court/Supreme court | |
| 429. |
Which one of the following will not affect the efficiency of labour? |
| A. | Education and training |
| B. | Better working conditions |
| C. | Higher prices for final products |
| D. | Improved medical service |
| E. | All of the above |
| Answer» D. Improved medical service | |
| 430. |
Market demand for any good is a function of the |
| A. | Price per unit of the good |
| B. | Price per unit of other goods |
| C. | Incomes of consumers |
| D. | Tastes of consumers |
| E. | All of the above |
| Answer» E. All of the above | |
| 431. |
The demand for luxuries is |
| A. | constant |
| B. | elastic |
| C. | inelastic |
| D. | fixed |
| E. | Rs. 17,50,500 |
| Answer» B. elastic | |
| 432. |
Scheduling is the determination of |
| A. | When and at what rate the products will be put out and the relative times at which specific activities shall occur |
| B. | Actual production, how work is to be processed and what machines are to be used |
| C. | Putting right jobs on right machines and at right times |
| D. | Capacity of machines to do the job |
| E. | None of the above |
| Answer» A. When and at what rate the products will be put out and the relative times at which specific activities shall occur | |
| 433. |
Devaluation is resorted to |
| A. | Belittle foreign currencies |
| B. | Encourage exports |
| C. | Give more value to home currency |
| D. | Tide over post war difficulties |
| E. | All of the above |
| Answer» A. Belittle foreign currencies | |
| 434. |
As a result of heavy taxes on a commodity its supply |
| A. | increases |
| B. | decreases |
| C. | remains unaffected |
| E. | Rs. 17,50,500 |
| Answer» B. decreases | |
| 435. |
During inflation |
| A. | prices rise |
| B. | prices drop |
| C. | prices remain unchanged |
| D. | prices fluctuate heavily |
| E. | Rs. 17,50,500 |
| Answer» A. prices rise | |
| 436. |
Saving is that portion of income that is |
| A. | spent on luxuries |
| B. | not spent on consumption |
| C. | retained by the employer |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» B. not spent on consumption | |
| 437. |
In work study the symbol => implies |
| A. | Delay |
| B. | Transport |
| C. | Operation |
| D. | Inspection |
| E. | Temporary storage |
| Answer» B. Transport | |
| 438. |
Under progressive tax |
| A. | the tax rate goes on increasing with an increase in the level of income |
| B. | the tax rate is constant |
| C. | the tax rate goes on decreasing with an increase in the level of income |
| D. | the tax rate is inversely proportional to the net income |
| E. | Rs. 17,50,500 |
| Answer» A. the tax rate goes on increasing with an increase in the level of income | |
| 439. |
Bin cards are used in |
| A. | Machine loading |
| B. | Accounts |
| C. | Stores |
| D. | Quality control |
| E. | Preventive maintenance |
| Answer» C. Stores | |
| 440. |
One of the essential conditions of perfect competition is |
| A. | Product differentiation |
| B. | Multiplicity of prices for identical product at any one time |
| C. | Many sellers and few buyers |
| D. | Many sellers and few sellers |
| E. | Only one price for identical goods at any one time |
| Answer» C. Many sellers and few buyers | |
| 441. |
Law of demand correlates |
| A. | quality and quantity |
| B. | quality and price |
| C. | quantity and price |
| D. | price and profit |
| E. | Rs. 17,50,500 |
| Answer» C. quantity and price | |
| 442. |
Which is the most commonly used job evaluation system |
| A. | Factor |
| B. | Renting |
| C. | Point |
| D. | Grade description |
| E. | None of the above |
| Answer» C. Point | |
| 443. |
Which of the following tax is separately imposed by central as well as state governments? |
| A. | Entertainment tax |
| B. | Sales tax |
| C. | Income tax |
| D. | Import duty |
| E. | Rs. 17,50,500 |
| Answer» B. Sales tax | |
| 444. |
A synthetic process is one that |
| A. | Combines several different ingredients or assembles numerous component parts to manufacture a product |
| B. | Starts with basic raw materials and breaks it down into various constituent products |
| C. | Is characterized by an uninterupted flow of operations from raw materials to end product |
| D. | Involves operations which are repeated in the same way |
| E. | Involves non-repetitive operations |
| Answer» A. Combines several different ingredients or assembles numerous component parts to manufacture a product | |
| 445. |
Shares can be purchased and sold in |
| A. | nationalised banks |
| B. | financial corporations |
| C. | stock exchanges |
| D. | non-nationalised banks |
| E. | Rs. 17,50,500 |
| Answer» C. stock exchanges | |
| 446. |
Pessimistic time is |
| A. | The maximum time which an activity might require |
| B. | The average time required for a job |
| C. | The time which has the highest probability of occurrence associated with it |
| D. | The minimum time in which an activity can possibly be accomplished |
| E. | The earliest possible time that an event can be reached or an activity completed. |
| Answer» A. The maximum time which an activity might require | |
| 447. |
The principle of management by exception is most likely to be applied in the management function of |
| A. | Planning |
| B. | Organizing |
| C. | Directions |
| D. | Control |
| E. | All of the above |
| Answer» D. Control | |
| 448. |
For an organisation those costs which do not, increase as output increases, are known as |
| A. | Fixed costs |
| B. | Variable costs |
| C. | Total costs |
| D. | Average fixed costs |
| E. | Average total costs |
| Answer» A. Fixed costs | |
| 449. |
The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was |
| A. | 6.25 million |
| B. | 6.75 million |
| C. | 7.25 million |
| D. | 7.75 million |
| E. | Rs. 17,50,500 |
| Answer» C. 7.25 million | |
| 450. |
Which of the following is not normally classified as a "payment for time not worked"? |
| A. | Pension |
| B. | Severance pay |
| C. | Sick leave |
| D. | Duty time |
| E. | Special leave |
| Answer» A. Pension | |
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