McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 151. |
Through routing the engineers decide in advance |
| A. | The flow of material in the plant |
| B. | The ways and means for proper utilization of manpower |
| C. | The ways and means for proper utilization of machines |
| D. | Inspection of final products |
| E. | Normal route of workers through the plant |
| Answer» A. The flow of material in the plant | |
| 152. |
Demand for a commodity is elastic when |
| A. | Change in price causes greater change in its demand |
| B. | Change in price does not change its demand |
| C. | Change in National income causes change in demand |
| D. | Any of the above |
| E. | None of the above |
| Answer» A. Change in price causes greater change in its demand | |
| 153. |
The largest source of revenue for state governments is generally |
| A. | Entertainment tax |
| B. | Sales tax |
| C. | Land revenue |
| D. | Excise duty |
| E. | Rs. 17,50,500 |
| Answer» B. Sales tax | |
| 154. |
Who proposed that all human efforts can be measured in terms of a common unit partly composed of actual work and partly of compensating relaxation? |
| A. | Emerion |
| B. | Taylor |
| C. | Gantt |
| D. | Bedaux |
| E. | None of the above |
| Answer» D. Bedaux | |
| 155. |
Improving the work force overtime is the aim of |
| A. | Recruitment |
| B. | Selection |
| C. | Human resource planning |
| D. | Placement |
| E. | Human resource auditing |
| Answer» E. Human resource auditing | |
| 156. |
How an executive interprets facts and events in accordance with beliefs and assumptions is best described by his |
| A. | Administrative acuman |
| B. | Managerial philosphy |
| C. | Executive profile |
| D. | Leadership style |
| E. | None of the above |
| Answer» B. Managerial philosphy | |
| 157. |
The shareholders have limited liability in case of a |
| A. | cooperative |
| B. | partnership firm |
| C. | public limited company |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» C. public limited company | |
| 158. |
The term 'balance of trade' is associated with |
| A. | imports and exports |
| B. | taxation |
| C. | gross profits of a company |
| D. | budgeting |
| E. | Rs. 17,50,500 |
| Answer» A. imports and exports | |
| 159. |
Motion study is not used for |
| A. | Improving a work method by locating deficiencies |
| B. | Improving a work method by assisting in adjusting the pattern of inter-relationships |
| C. | Designing a work method through logical analysis and synthesis |
| D. | Providing a schematic framework for organizing knowledge about the inter-relationships |
| E. | Reducing inventory costs |
| Answer» E. Reducing inventory costs | |
| 160. |
Process planning consists of |
| A. | specifying product details |
| B. | specifying quality standards |
| C. | specifying details of work |
| D. | none of the above |
| E. | None of the above |
| Answer» C. specifying details of work | |
| 161. |
A bonus plan in which allowance is determined in terms of time for each unit of output instead of money is |
| A. | hour-for-hour plan |
| B. | group plan |
| C. | Beedaux plan |
| D. | none of the above |
| E. | None of the above |
| Answer» A. hour-for-hour plan | |
| 162. |
Public goods are different from private goods because |
| A. | The government produces public goods, while private goods are produced by private persons |
| B. | Public goods are preferred to private goods |
| C. | The amount consumed by one does not affect the amount available for others |
| D. | Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens |
| E. | All of the above |
| Answer» D. Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens | |
| 163. |
M.T.M. helps in |
| A. | Establishing time standards |
| B. | Estimating cost |
| C. | Improving existing methods |
| D. | Developing methods before the starting of production |
| E. | All of the above |
| Answer» E. All of the above | |
| 164. |
Job enrichment means |
| A. | Paying more for entry level jobs |
| B. | providing further training in job skills |
| C. | adding more tasks at the same level |
| D. | adding some planning and control to a job |
| E. | None of the above |
| Answer» D. adding some planning and control to a job | |
| 165. |
Barter system can work successfully when |
| A. | people are fully educated |
| B. | society is developed |
| C. | wants are limited |
| D. | demand is equal to supply |
| E. | Rs. 17,50,500 |
| Answer» C. wants are limited | |
| 166. |
Standing orders act provides for penalties for |
| A. | Failure of an employer to submit the draft standing orders for certification |
| B. | Modifications of standing orders not in accordance with the prescribed procedure |
| C. | Doing any act in contravention of the certified above |
| D. | (A) and (B) above |
| E. | (A), (B) and (C) above |
| Answer» E. (A), (B) and (C) above | |
| 167. |
Safety guards on machines should be |
| A. | always in position |
| B. | Put in position while using machine |
| C. | Used if operator desires |
| D. | Never used |
| E. | Used if time permits |
| Answer» A. always in position | |
| 168. |
Statistics show that the vast majority of all accidents result from |
| A. | Technical causes |
| B. | Human causes |
| C. | Environmental causes |
| D. | A combination of human, technical and environmental causes |
| E. | None of the above |
| Answer» D. A combination of human, technical and environmental causes | |
| 169. |
The best source of revenue for States in India is |
| A. | Sales tax |
| B. | Customs duty |
| C. | Income from lotteries |
| D. | Excise duty |
| E. | Entertainment tax |
| Answer» A. Sales tax | |
| 170. |
The price of diamonds is higher than the price of wheat because |
| A. | Diamonds are much heavier than wheat |
| B. | Diamonds are more useful than wheat |
| C. | The total stock of diamonds is more useful than the total stock of wheat |
| D. | Diamonds cannot be grown whereas wheat can be grown |
| E. | Enough people have a higher subjective value of diamonds relative to wheat |
| Answer» E. Enough people have a higher subjective value of diamonds relative to wheat | |
| 171. |
Which of the following is not a factor management which must weight when deciding to establish particular kind of employee benefit |
| A. | Cost |
| B. | Need |
| C. | Productivity |
| D. | Union power |
| E. | Ability to pay |
| Answer» C. Productivity | |
| 172. |
Planning and control departments normally do not consist of |
| A. | Planning cell |
| B. | Control cell |
| C. | Inventory section |
| D. | Printing section |
| E. | Quality section |
| Answer» D. Printing section | |
| 173. |
The disadvantage of process layout system is |
| A. | The initial investment is high |
| B. | Machine failures and job difficulties seriously disrupt production schedules |
| C. | The scope of production facilities is limited |
| D. | Production time is longer, requiring more goods in process |
| E. | High initial investment is required |
| Answer» D. Production time is longer, requiring more goods in process | |
| 174. |
If the electric supply is not available in a factory the workers will show it as |
| A. | Delay |
| B. | Deliberate delay |
| C. | Avoidable delay |
| D. | Unavoidable delay |
| E. | None of the above |
| Answer» D. Unavoidable delay | |
| 175. |
A process 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 |
| Answer» B. Batch production | |
| 176. |
Indian Railways are a |
| A. | joint sector undertaking |
| B. | public sector undertaking |
| C. | departmental operation |
| D. | private sector undertaking |
| E. | Rs. 17,50,500 |
| Answer» C. departmental operation | |
| 177. |
The financial position of a company is considered to be sound if |
| A. | Sufficient funds are available under reserve and surplus |
| B. | Company has declared good dividends in the past |
| C. | Sales are increasing |
| D. | Gross profit is reasonable |
| E. | The company has no loans outstanding |
| Answer» A. Sufficient funds are available under reserve and surplus | |
| 178. |
The sign of a country's development is |
| A. | More and more industries |
| B. | Higher standard of living |
| C. | Higher per capita income |
| D. | More means of transport |
| E. | All of the above |
| Answer» C. Higher per capita income | |
| 179. |
Which one is not a component of process? |
| A. | Operation |
| B. | Inspection |
| C. | Storage |
| D. | Disassemble |
| E. | Quality section |
| Answer» D. Disassemble | |
| 180. |
Capital expenditure means |
| A. | Expenses incurred in capital |
| B. | Main expenditure |
| C. | Recurring expenditure |
| D. | Expenditure on procurement of fixed assets |
| E. | None of the above |
| Answer» D. Expenditure on procurement of fixed assets | |
| 181. |
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 | |
| 182. |
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 | |
| 183. |
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 | |
| 184. |
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 | |
| 185. |
Recruiting is |
| A. | Judging |
| B. | Finding |
| C. | Hiring |
| D. | Matching |
| E. | All of the above |
| Answer» B. Finding | |
| 186. |
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 | |
| 187. |
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 | |
| 188. |
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% | |
| 189. |
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 | |
| 190. |
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 | |
| 191. |
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 | |
| 192. |
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 | |
| 193. |
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 | |
| 194. |
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 | |
| 195. |
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 | |
| 196. |
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 | |
| 197. |
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 | |
| 198. |
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 | |
| 199. |
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 | |
| 200. |
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 | |
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