McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 201. |
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 | |
| 202. |
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 | |
| 203. |
In work study the symbol O implies |
| A. | Delay |
| B. | Operation |
| C. | Transport |
| D. | Inspection |
| E. | Temporary storage |
| Answer» B. Operation | |
| 204. |
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 | |
| 205. |
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 | |
| 206. |
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 | |
| 207. |
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 | |
| 208. |
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 | |
| 209. |
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 | |
| 210. |
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 | |
| 211. |
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 | |
| 212. |
Queuing theory is associated with |
| A. | Production time |
| B. | Inventory |
| C. | Sales |
| D. | Inspection time |
| E. | Waiting time |
| Answer» E. Waiting time | |
| 213. |
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 | |
| 214. |
Which of the following is a multination corporation? |
| A. | IBM |
| B. | LST |
| C. | DCM |
| D. | Escorts |
| E. | Rs. 17,50,500 |
| Answer» A. IBM | |
| 215. |
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 | |
| 216. |
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 | |
| 217. |
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 | |
| 218. |
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 | |
| 219. |
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 | |
| 220. |
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 | |
| 221. |
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 | |
| 222. |
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 | |
| 223. |
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 | |
| 224. |
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 | |
| 225. |
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 | |
| 226. |
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 | |
| 227. |
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 | |
| 228. |
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 | |
| 229. |
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 | |
| 230. |
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 | |
| 231. |
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 | |
| 232. |
A gantt chart provides information about |
| A. | Sales |
| B. | Inventory |
| C. | Machine utilisations |
| D. | Rejections |
| E. | Production schedule |
| Answer» E. Production schedule | |
| 233. |
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 | |
| 234. |
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 | |
| 235. |
Estimates or predictions are probably most indispensable in |
| A. | Planning |
| B. | Organizing |
| C. | Directing |
| D. | Control |
| E. | All of the above |
| Answer» D. Control | |
| 236. |
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 | |
| 237. |
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 | |
| 238. |
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 | |
| 239. |
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 | |
| 240. |
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 | |
| 241. |
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 | |
| 242. |
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 | |
| 243. |
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 | |
| 244. |
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 | |
| 245. |
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 | |
| 246. |
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 | |
| 247. |
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 | |
| 248. |
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 | |
| 249. |
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 | |
| 250. |
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 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.