![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Chapters
301. |
When social criteria is applied on investment decisions it is called ____ |
A. | social responsiveness |
B. | ethical obligation |
C. | social screening |
D. | financial return |
Answer» C. social screening |
302. |
The recognition of the close link between an organization’s decisions and activities and its impact on the natural environment is called __________. |
A. | global environment |
B. | greening of management |
C. | social actions |
D. | none of the above |
Answer» B. greening of management |
303. |
……………. Generally refers to transparent business practices that are based on ethical values, compliance with legal requirements, and respect for people, communities, and the environment. |
A. | corporate social responsibility |
B. | code of ethics |
C. | ethical standards |
D. | none of the above |
Answer» A. corporate social responsibility |
304. |
WBCSD stands for |
A. | world business council for sustainable development |
B. | world business company for sustainable development |
C. | world bank council for sustainable development |
D. | world business council for strategic development |
Answer» A. world business council for sustainable development |
305. |
In the process of production, capital equipment is worn out. The word used to described this process is |
A. | Obsolescence |
B. | Devalution |
C. | Appreciation |
D. | Depreciation |
E. | Funding |
Answer» D. Depreciation |
306. |
The political party to which Hind Mazdoor Sabah is affiliated is |
A. | Janata Party |
B. | Bhartia Janata Party |
C. | Congress (I) |
D. | Socialist Party |
E. | Communist Party |
Answer» D. Socialist Party |
307. |
Industrial safety is defined as |
A. | Freedom from danger or injury, risk, or loss. |
B. | Job security. |
C. | Less than 1 |
D. | A disease-free work environment |
E. | Job specification |
Answer» A. Freedom from danger or injury, risk, or loss. |
308. |
During contract negotiations what two rights are weighed against each other |
A. | Employes rights |
B. | Management right |
C. | Government right |
D. | A and B |
E. | B and C |
Answer» D. A and B |
309. |
A fall in demand for the product of a monopolised industry when predicted with lead to |
A. | A fall in price |
B. | A decrease in number of firms in the long run |
C. | A decrease in the output of each firms |
D. | All of the above |
E. | None of the above |
Answer» D. All of the above |
310. |
If you want to use a red pen but mass production of only blue pens is undertaken, your inability to exercise your sovereignty is because of |
A. | Limited income |
B. | Standardized production |
C. | Weather conditions |
D. | State control |
E. | Poor demand |
Answer» B. Standardized production |
311. |
The major cause of unemployment in India is |
A. | under development |
B. | inadequate employment planning |
C. | rapid population growth |
D. | All of the above |
E. | Rs. 17,50,500 |
Answer» D. All of the above |
312. |
Nationalization means |
A. | Taking over, by the government, of existing privately run concerns |
B. | Establishing new enterprises as state run concerns |
C. | Putting the day-to-day control of firms in the hands of Parliament |
D. | Instituting worker in control of an industry |
E. | The state assuming control of an industry to secure greater efficiency |
Answer» A. Taking over, by the government, of existing privately run concerns |
313. |
Differences in rates of interest charged from different customers arise due to |
A. | Differences in risks |
B. | Differences in use of money |
C. | Differences in productivity |
D. | All of the above |
E. | None of the above |
Answer» C. Differences in productivity |
314. |
The 'free' good is so called because |
A. | No charge is made to the consumer |
B. | It is supplied freely by a public authority |
C. | The supply is adequate to meet all needs without rationing |
D. | There is an unlimited supply |
E. | None body wants it. |
Answer» E. None body wants it. |
315. |
Indirect financial and non-financial forms of compensation are called |
A. | Salaries |
B. | Services |
C. | Benefits |
D. | none of the above |
E. | All of the above |
Answer» C. Benefits |
316. |
The assumption in PERT is |
A. | A project is always behind schedule |
B. | Cost of project is always more than the estimated cost |
C. | A project can be sub-divided into a set of predictable, independent activities |
D. | Activities are complex in nature and time taken by them are indeterminate |
E. | None of the above |
Answer» C. A project can be sub-divided into a set of predictable, independent activities |
317. |
A public sector undertaking |
A. | Is fully owned by public through shareholders |
B. | Is jointly owned by private parties |
C. | Is jointly owned by private partics and Government |
D. | Is fully owned by Government |
E. | None of the above |
Answer» D. Is fully owned by Government |
318. |
Retention of cost competitiveness is the function of |
A. | methods engineering |
B. | finance department |
C. | production planning and control |
D. | none of the above |
E. | None of the above |
Answer» C. production planning and control |
319. |
The size of the market for a product means |
A. | The number of people in a particular area |
B. | The geographical area saved by the producers |
C. | The number of sales of the product recorded annually |
D. | The number of potential buyers of the product |
E. | The volume of potential sales of the product |
Answer» E. The volume of potential sales of the product |
320. |
Which of the following contributes to indirect cost? |
A. | Training of workers |
B. | Overtime payment to workers |
C. | Depreciation of machinery |
D. | Cost of material |
E. | Rs. 17,50,500 |
Answer» A. Training of workers |
321. |
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 |
322. |
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 |
323. |
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 |
324. |
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 |
325. |
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 |
326. |
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 |
327. |
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 |
328. |
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 |
329. |
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 |
330. |
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 |
331. |
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 |
332. |
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 |
333. |
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 |
334. |
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 |
335. |
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 |
336. |
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 |
337. |
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 |
338. |
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 |
339. |
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 |
340. |
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 |
341. |
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 |
342. |
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 |
343. |
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 |
344. |
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 |
345. |
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 |
346. |
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 |
347. |
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 |
348. |
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 |
349. |
Which one is not a component of process? |
A. | Operation |
B. | Inspection |
C. | Storage |
D. | Disassemble |
E. | Quality section |
Answer» D. Disassemble |
350. |
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 |
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 |
Done Reading?