McqMate
Chapters
| 501. |
Reflation is |
| A. | same as deflation |
| B. | a controlled inflation of moderate degree |
| C. | a temporary phase in which there is more production than demand |
| D. | a condition under which production is regulated to be equal to demand |
| E. | Rs. 17,50,500 |
| Answer» B. a controlled inflation of moderate degree | |
| 502. |
Against which type of account a cheque can be drawn? |
| A. | Share account |
| B. | Current account |
| C. | Time deposit |
| D. | Debenture account |
| E. | All of the above |
| Answer» B. Current account | |
| 503. |
Which one is very sensitive to changes in iterest rate |
| A. | Supply of notes and coins |
| B. | Supply of bank money |
| C. | Speculative demand for money |
| D. | Transactions demand for money |
| E. | None of the above |
| Answer» C. Speculative demand for money | |
| 504. |
The price which covers the variable cost as well as the fixed price is |
| A. | Market price |
| B. | Long run price |
| C. | Short term price |
| D. | Equilibrium price |
| E. | Economic price |
| Answer» B. Long run price | |
| 505. |
F.W. Taylor introduced a system of working known as |
| A. | Line organisation |
| B. | Line and staff organisation |
| C. | Functional organisation |
| D. | Effective organisation |
| E. | None of the above |
| Answer» C. Functional organisation | |
| 506. |
A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property |
| A. | Rs. 12,870,005 |
| B. | 12,900,005 |
| C. | Rs. 12,943,400 |
| D. | 12,240,500 |
| E. | Rs. 17,50,500 |
| Answer» C. Rs. 12,943,400 | |
| 507. |
The annual financial statement of the estimated income and expenditure for the ensuring year is known as |
| A. | profit-loss account |
| B. | trading account |
| C. | budget |
| D. | barter |
| E. | Rs. 17,50,500 |
| Answer» C. budget | |
| 508. |
Economic development of a country depends more on |
| A. | Natural resources |
| B. | Capital formation |
| C. | Availability of market |
| D. | Entrepreneurs |
| E. | All of the above |
| Answer» B. Capital formation | |
| 509. |
Scheduling gives information as to |
| A. | when work should begin and how much work should be completed during certain period |
| B. | when the work should be completed |
| C. | how the time for completing a work is minimized |
| D. | none of the above |
| E. | None of the above |
| Answer» A. when work should begin and how much work should be completed during certain period | |
| 510. |
A rupee received in one year is not equivalent to a rupee received today, because the use of money has a value. This is the principal under |
| A. | Pay back method |
| B. | Average return on investment method |
| C. | Present value method |
| D. | Discounted cash flow method |
| E. | Cost accounting method |
| Answer» C. Present value method | |
| 511. |
Standing orders contain |
| A. | History of management of a factory |
| B. | Names of directors of company |
| C. | List of important officers of a company |
| D. | Serve conditions, leave, discipline rules etc., for officers |
| E. | Service conditions, leave, discipline rules etc., for workers |
| Answer» E. Service conditions, leave, discipline rules etc., for workers | |
| 512. |
A consultant is usually compensated by way of |
| A. | salary |
| B. | perks |
| C. | dividend |
| D. | fee |
| E. | Rs. 17,50,500 |
| Answer» D. fee | |
| 513. |
Which one of the following represents an event |
| A. | Curing of concrete |
| B. | Concrete cured |
| C. | Plastering of the walls |
| D. | Fixing of windows, doors, ventilators |
| E. | Fixing of electrical wiring. |
| Answer» B. Concrete cured | |
| 514. |
Overtime payment is a |
| A. | perquisite |
| B. | bonus |
| C. | demand |
| D. | incentive |
| E. | Rs. 17,50,500 |
| Answer» D. incentive | |
| 515. |
In India, telephone service comes under which market form |
| A. | Duopoly |
| B. | Bilateral monopoly |
| C. | Monopoly |
| D. | Perfect competition |
| E. | None of the above |
| Answer» C. Monopoly | |
| 516. |
Which act provides for lay off and retrenchment compensation? |
| A. | Minimum Wages Act |
| B. | Workmen's Compensation Act |
| C. | Employees State Insurance Act |
| D. | Employees Provident Fund Act |
| E. | Industrial Disputes Act |
| Answer» B. Workmen's Compensation Act | |
| 517. |
The economic function of middle-man is |
| A. | To exploit the parties involved in the exchange |
| B. | To ensure that parties to an exchange are made better off |
| C. | To make trade among individuals so that the middle-man realizes a profit |
| D. | Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men |
| E. | All of the above |
| Answer» E. All of the above | |
| 518. |
Placement is |
| A. | Matching |
| B. | Judging |
| C. | Hiring |
| D. | Finding |
| E. | None of the above |
| Answer» A. Matching | |
| 519. |
Fringe benefit refer to |
| A. | Extra remuneration |
| B. | Overtime |
| C. | Non-wages |
| D. | Extra capital earning |
| E. | Bonus system |
| Answer» C. Non-wages | |
| 520. |
Finance for small scale industries is not provided by |
| A. | State financial corporations |
| B. | State Bank of India |
| C. | Traveller's cheque |
| D. | Punjab National Bank |
| E. | Rs. 17,50,500 |
| Answer» C. Traveller's cheque | |
| 521. |
The economy of Soviet Union is |
| A. | Capitalist economy |
| B. | Command economy |
| C. | Cooperative economy |
| D. | Market economy |
| E. | Competitive economy |
| Answer» B. Command economy | |
| 522. |
If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as |
| A. | Extension of demand |
| B. | Increase of demand |
| C. | Contraction of demand |
| D. | Decrease of demand |
| E. | Fluctuation of demand |
| Answer» B. Increase of demand | |
| 523. |
Which falls under the category of joint supply |
| A. | Cotton and clothq |
| B. | Coal tar and molasses |
| C. | Rice and husk |
| D. | Coffee and tea |
| E. | Electricity and transistor |
| Answer» C. Rice and husk | |
| 524. |
According to census the number of males per 1000 females in India is approximately |
| A. | 900 |
| B. | 937 |
| C. | 960 |
| D. | 990 |
| E. | 1050 |
| Answer» E. 1050 | |
| 525. |
The input-output analysis is often called as |
| A. | Cost benefit analysis |
| B. | Value analysis |
| C. | Analysis on marginal cost |
| D. | Non-pricing analysis |
| E. | Inter-industry analysis |
| Answer» A. Cost benefit analysis | |
| 526. |
Dispatching involves |
| A. | starting the work |
| B. | making plan correction |
| C. | collection data |
| D. | none of the above |
| E. | All of the above |
| Answer» A. starting the work | |
| 527. |
EXIM bank was established |
| A. | to ensure quality goods |
| B. | to promote exports |
| C. | to finance small scale entrepreneurs |
| D. | to finance sick industries |
| E. | Rs. 17,50,500 |
| Answer» B. to promote exports | |
| 528. |
Which of the following principal wage and salary issues and problems concerns the question of whether the entire pay structure is high, average or low in comparison with the general external labour market? |
| A. | Pay structure |
| B. | Pay level |
| C. | Pay control |
| D. | Payment method |
| E. | Individual pay determination |
| Answer» B. Pay level | |
| 529. |
An increase in demand that leads to an increase in wealth |
| A. | Will induce new firms to begin production |
| B. | Will induce existing firms to produce close substitutes |
| C. | Will induce both new and existing firms to bid resources away from other uses |
| D. | Will increase the value and hence the cost of resources used in producing that good |
| E. | All of the above |
| Answer» E. All of the above | |
| 530. |
Consumer goods' means |
| A. | All commodities for which there is a high demand by all types of consumers |
| B. | All goods other than free goods whose uses directly satisfies consumer wants |
| C. | All goods other than free goods used by consumers in order to earn their living |
| D. | All the factories and mines used by the community to satisfy their wants |
| E. | All tangible goods produced for consumption in a free economic system |
| Answer» A. All commodities for which there is a high demand by all types of consumers | |
| 531. |
An action probably engaged in by energetic manager is |
| A. | Controlling |
| B. | Organizing |
| C. | Decision making |
| D. | Directing |
| E. | None of the above |
| Answer» C. Decision making | |
| 532. |
Which of the following is a public sector undertaking? |
| A. | DCM Ltd. |
| B. | Larsen & Toubro Ltd |
| C. | Instrumentation Ltd. |
| D. | JK Synthetics Ltd. |
| E. | Rs. 17,50,500 |
| Answer» C. Instrumentation Ltd. | |
| 533. |
The symptoms of sickness of an industry are |
| A. | failure to pay statutory liabilities |
| B. | failure to pay timely instalment of principal and interest on loan |
| C. | low capacity utilisations |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» D. All of the above | |
| 534. |
.An economy that does not permit product movements across its boundaries is known as |
| A. | collective economy |
| B. | closed economy |
| C. | micro economy |
| D. | macro economy |
| E. | Rs. 17,50,500 |
| Answer» B. closed economy | |
| 535. |
The average annual birth rate in India per 1000 is |
| A. | 1000 |
| B. | 400 to 500 |
| C. | 300 to 400 |
| D. | 30 to 40 |
| E. | 3 to 4 |
| Answer» D. 30 to 40 | |
| 536. |
People will tend to demand money if they think |
| A. | The rate of interest will fall |
| B. | The price of goods will fall |
| C. | The price of goods will rise |
| D. | The price of bonds will fall |
| E. | All of the above |
| Answer» C. The price of goods will rise | |
| 537. |
Essential attribute to wealth is |
| A. | utility |
| B. | scarcity |
| C. | transferability |
| D. | all of the above |
| E. | Rs. 17,50,500 |
| Answer» D. all of the above | |
| 538. |
A decrease in the quantity supplied to the market at given prices leads to |
| A. | A higher price and a contraction of demand |
| B. | A lower price and an expansion of demand |
| C. | A higher price and an expansion of demand |
| D. | A lower price and a contraction of demand |
| E. | None of the above |
| Answer» A. A higher price and a contraction of demand | |
| 539. |
Bar charts are suitable for |
| A. | Minor projects |
| B. | Major projects |
| C. | Large projects |
| D. | Inter-dependent projects |
| E. | None of the above |
| Answer» A. Minor projects | |
| 540. |
An event is indicated on the network by |
| A. | A straight line |
| B. | A number enclosed in a circle or a square |
| C. | A straight line with circles at the ends |
| D. | A dotted line |
| E. | An arrow |
| Answer» B. A number enclosed in a circle or a square | |
| 541. |
A SIMO (simultaneous motion cycle) chart is |
| A. | Graphic presentation of the separable steps of each pertinent body member of the individual |
| B. | A sketch of the part of a plant connected with a man's work on which lines are drawn indicating path the operator travels in performing the work |
| C. | A chart in which activities of a man are charted |
| D. | Graphic presentation of the separable steps a man performs when doing a task that requires him to move from place to place in the course of his work |
| E. | Reducing inventory costs |
| Answer» A. Graphic presentation of the separable steps of each pertinent body member of the individual | |
| 542. |
The employees Provident Fund act is acceptable to |
| A. | All industries |
| B. | Only small and medium industries |
| C. | Industries which volunteer for the same |
| D. | The industries notified by Government |
| E. | The trade unions notified by Government |
| Answer» D. The industries notified by Government | |
| 543. |
Wheniver a country devalues its currency, it generally stands to gain as a result of |
| A. | increased imports at lower prices |
| B. | increased exports |
| C. | fall in domestic prices |
| D. | increased domestic production |
| E. | Rs. 17,50,500 |
| Answer» B. increased exports | |
| 544. |
Affirmative ratio affects which staffing and appraisal subsets. |
| A. | Recuitment |
| B. | Selection |
| C. | Placement |
| D. | Appraisal |
| E. | All of the above |
| Answer» D. Appraisal | |
| 545. |
PERT has the following time estimates |
| A. | No time estimates |
| B. | One time estimate |
| C. | Two time estimates |
| D. | Three time estimates |
| E. | None of the above |
| Answer» D. Three time estimates | |
| 546. |
The term clearing house is associated with |
| A. | banks |
| B. | cooperatives |
| C. | foreign exchange |
| D. | free trade zones |
| E. | Rs. 17,50,500 |
| Answer» A. banks | |
| 547. |
Time study is |
| A. | The appraisal, in terms of time, of the value of work involving human effort |
| B. | Time taken by a operator to set the job in a machine |
| C. | The study of time that a group of workers will take to do a job |
| D. | The method of fixing hours for workers |
| E. | Method of determing the number of Supervisors needed in a workshop |
| Answer» A. The appraisal, in terms of time, of the value of work involving human effort | |
| 548. |
Pay level relates company wages to |
| A. | Labour costs |
| B. | Pay criteria |
| C. | External labour market conditions |
| D. | Minimum wage act |
| E. | None of the above |
| Answer» C. External labour market conditions | |
| 549. |
Which of the following were not management thinkers |
| A. | Taylor |
| B. | Drucker |
| C. | McGregor |
| D. | Galileo |
| E. | Parkinson |
| Answer» D. Galileo | |
| 550. |
Promoting people from within an organisation |
| A. | Is more economical than hiring from outside |
| B. | Can result in "inbreeding" |
| C. | Is faster than hiring from outside |
| D. | Provides a system for rewarding deserving employees |
| E. | All of the above |
| Answer» E. All of the above | |
| 551. |
Which of the following will not happen if trade union forces up the wage bill? |
| A. | Other things remaining the same firms profit will fall |
| B. | More men will be employed because the higher wages attract them |
| C. | Prices of the product will soon rise |
| D. | Employers will substitute machines for men where possible |
| E. | Fewer men will be employed |
| Answer» B. More men will be employed because the higher wages attract them | |
| 552. |
Under the Apprenticeship Act |
| A. | All industries have to necessarily train the Apprentices |
| B. | Industries have to train Apprentices according to their requirement |
| C. | Only industries owned by Government have to recruit apprentices |
| D. | Only industries employing more than 500 workers have to recruit apprentices |
| E. | None of the above |
| Answer» D. Only industries employing more than 500 workers have to recruit apprentices | |
| 553. |
Stock of raw materials held by a firm is known as its |
| A. | fixed capital |
| B. | working capital |
| C. | circulating capital |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» C. circulating capital | |
| 554. |
Sellers reserve price means |
| A. | The seller refuses to sell the product till the minimum price (covering the cost of production) is offered |
| B. | Seller refuses to sell the product at any price |
| C. | Seller demands the price for whole of his product |
| D. | A price which includes economic profits |
| E. | A price determined for a batch of production |
| Answer» A. The seller refuses to sell the product till the minimum price (covering the cost of production) is offered | |
| 555. |
The overall purpose of training, development is to |
| A. | Increase organizational effectiveness |
| B. | Increase profits |
| C. | Prenant works obsolesence |
| D. | Increase managrical effectiveness |
| E. | None of the above |
| Answer» A. Increase organizational effectiveness | |
| 556. |
The approximate annual rate of growth of population in India is |
| A. | 1 to 2.5 percent |
| B. | 5 to 7.5 percent |
| C. | 8 to 10 pervent |
| D. | 10 to 12 percent |
| E. | 12.5 to 15 percent |
| Answer» A. 1 to 2.5 percent | |
| 557. |
Which of the following is not classified as consumer goods? |
| A. | Clothes |
| B. | Furniture |
| C. | Lubricants |
| D. | Machines |
| E. | Rs. 17,50,500 |
| Answer» D. Machines | |
| 558. |
Which is not the pair of compliment goods? |
| A. | Tea and mild |
| B. | Sweets and sugars |
| C. | Whiskey and soda |
| D. | Concrete and steel |
| E. | Mustard oil and coconut oil |
| Answer» E. Mustard oil and coconut oil | |
| 559. |
Standing orders are applicable to |
| A. | Voluntary |
| B. | Statutory |
| C. | Compulsory |
| D. | Compulsory for big industries only |
| E. | Compulsory for medium industries |
| Answer» B. Statutory | |
| 560. |
Various activities of project are shown on a bar chart by |
| A. | Vertical line |
| B. | Horizontal lines |
| C. | Area of columns |
| D. | Dotted lines |
| E. | Cross marks |
| Answer» B. Horizontal lines | |
| 561. |
Micro-hydel systems meet the power requirements of |
| A. | industries only |
| B. | urban residential areas |
| C. | rural areas |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» C. rural areas | |
| 562. |
By the end of this century the target for nuclear power production is |
| A. | 1000 MW |
| B. | 5000 MW |
| C. | 10,000 MW |
| D. | 100,000 MW. |
| E. | Rs. 17,50,500 |
| Answer» C. 10,000 MW | |
| 563. |
Which of the following groups of income receivers would benefit from deflation? |
| A. | Salary earners |
| B. | Debtors |
| C. | Holders of ordinary shares |
| D. | Preference share holders |
| E. | Improved labour relations |
| Answer» A. Salary earners | |
| 564. |
Dispatching is |
| A. | determining how much work is to be done by operator |
| B. | instructing an operator to begin work |
| C. | intrupting an operator for correction |
| D. | none of the above |
| E. | None of the above |
| Answer» B. instructing an operator to begin work | |
| 565. |
Which of the following state has concentration of textile industries? |
| A. | UP |
| B. | Orissa |
| C. | Gujrat |
| D. | Kerala |
| E. | Rs. 17,50,500 |
| Answer» C. Gujrat | |
| 566. |
Indirect financial and non-financial forms of compensation are called |
| A. | Salaries |
| B. | Services |
| C. | Benefits |
| E. | None of the above |
| Answer» C. Benefits | |
| 567. |
Which of the following wage and salary criteria exerts the greatest influence on industry pay rates? |
| A. | Productivity |
| B. | Ability to pay |
| C. | Cost of living |
| D. | Prevailing pay level |
| E. | Union bargaining power |
| Answer» D. Prevailing pay level | |
| 568. |
Which question would best open up an interview? |
| A. | Do you think you will be successful at this job |
| B. | Give me two reasons why you went into this line of work |
| C. | What do you hope to gain by this transfer? |
| D. | none of the above |
| E. | All of the above |
| Answer» E. All of the above | |
| 569. |
Micro-motion study is |
| A. | Analysis of man-work method by using a motion-picture camera with a timing device in the field of view |
| B. | Motion study observed on enhanced time intervals |
| C. | Motion study of a sequence of operations conducted in parts |
| D. | A study of man and machine conducted separately |
| E. | A scientific analytical procedure for determining a preferable work method |
| Answer» A. Analysis of man-work method by using a motion-picture camera with a timing device in the field of view | |
| 570. |
Which of the following is a free port? |
| A. | Kandla |
| B. | Cochin |
| C. | Calcutta |
| D. | Goa |
| E. | Rs. 17,50,500 |
| Answer» A. Kandla | |
| 571. |
For interpretation of Standing orders the workman can refer to |
| A. | Shop supervisor |
| B. | Management |
| C. | Trade union |
| D. | Labour court |
| E. | None of the above |
| Answer» D. Labour court | |
| 572. |
Selection is |
| A. | Matching |
| B. | Finding |
| C. | Hiring |
| D. | Judging |
| E. | None of the above |
| Answer» C. Hiring | |
| 573. |
The elasticity of demand explains the relationship between |
| A. | Income and demand |
| B. | Price and demand |
| C. | Price of substitutes and demand |
| D. | Utility and demand |
| E. | Price of substitutes and utility |
| Answer» B. Price and demand | |
| 574. |
Time versus output or wage versus incentive are part of problems involving |
| A. | pay level |
| B. | pay control |
| C. | payment method |
| D. | pay structure |
| E. | Individual pay determination |
| Answer» C. payment method | |
| 575. |
The greatest barrier to communication lies in |
| A. | Technological limitations |
| B. | Human differences |
| C. | Distance |
| D. | Semantic problem |
| E. | All of the above |
| Answer» B. Human differences | |
| 576. |
Hindustan Copper Limited has main plant in Khetri which is in the state of |
| A. | Rajasthan |
| B. | J & K |
| C. | Haryana |
| D. | Punjab |
| E. | Rs. 17,50,500 |
| Answer» A. Rajasthan | |
| 577. |
Determining manpower requirements and ways of meeting those requirement is the process of |
| A. | Human resource planning |
| B. | Recruitment |
| C. | Selection |
| D. | Human resource auditing |
| E. | Training |
| Answer» A. Human resource planning | |
| 578. |
When supply is fixed, the market price is determined by |
| A. | demand |
| B. | income |
| C. | Cost |
| D. | Profit |
| E. | Rs. 17,50,500 |
| Answer» A. demand | |
| 579. |
Which of the following is levied on goods imported into India? |
| A. | customs duty |
| B. | Excise duty |
| C. | Estate duty |
| D. | Wealth tax |
| E. | Rs. 17,50,500 |
| Answer» A. customs duty | |
| 580. |
Standing orders are applicable to |
| A. | All industries |
| B. | All engineering industries |
| C. | Only major industries |
| D. | All industries employing more than 500 workers |
| E. | All industries employing more than 100 workers |
| Answer» E. All industries employing more than 100 workers | |
| 581. |
For efficient organisation the principle by which management should abide by |
| A. | There should be a clear distribution between line and staff operation and control |
| B. | A clear understanding of authority under each position |
| C. | A well established and known system of communication |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 582. |
NREP is the agency associated with |
| A. | rural employment |
| B. | industrial growth |
| C. | adult education |
| D. | removal of economic disparities |
| E. | Rs. 17,50,500 |
| Answer» A. rural employment | |
| 583. |
Which of the following is capital good |
| A. | Cigarettes |
| B. | Medicines in a hospital |
| C. | New print |
| D. | News paper |
| E. | Car for factory manager |
| Answer» E. Car for factory manager | |
| 584. |
Which one is not an economic good |
| A. | Poison |
| B. | Water in desert |
| C. | Sand in river bed |
| D. | Sand in desert |
| E. | Trees in forests |
| Answer» D. Sand in desert | |
| 585. |
Lignite based power plant has been established in |
| A. | Bikaner |
| B. | Hazira |
| C. | Rampur |
| D. | Neyveli |
| E. | Rs. 17,50,500 |
| Answer» D. Neyveli | |
| 586. |
People will tend to move out of money and into bonds if they think |
| A. | The rate of interest is going to fall |
| B. | The rate of interest is going to rise |
| C. | The rate of interest is not going to change |
| D. | The price of real goods will rise |
| E. | Free income is going to be taxed by government |
| Answer» A. The rate of interest is going to fall | |
| 587. |
Systematic evaluation of workers job performance and potential for cevelopment is called |
| A. | Production |
| B. | Human resource auditing |
| C. | Appraisal |
| D. | Training and development |
| E. | None of the above |
| Answer» C. Appraisal | |
| 588. |
The term 'OGL' is associated with |
| A. | insurance |
| B. | depreciation of machinery |
| C. | import of goods |
| D. | gross profit |
| E. | Rs. 17,50,500 |
| Answer» C. import of goods | |
| 589. |
Customers are likely to get a variety of goods under |
| A. | Monopoly |
| B. | Perfect competition |
| C. | Oligopoly |
| D. | Monopolistic competition |
| E. | All of the above |
| Answer» B. Perfect competition | |
| 590. |
Which of the following is a necessary characteristic that must be present before an organiszation exists? |
| A. | An objective |
| B. | A collection of resources |
| C. | A combination of people and things |
| D. | A group of people resolving a common objective |
| E. | None of the above |
| Answer» D. A group of people resolving a common objective | |
| 591. |
Communication is defined as |
| A. | Writing, speaking or signating |
| B. | Receiving comprehensible information |
| C. | The process by while thought is transpered to action |
| D. | Transmitting information from one person, place or thing to another person, place or thing |
| E. | All of the above |
| Answer» D. Transmitting information from one person, place or thing to another person, place or thing | |
| 592. |
The main advantage of indirect taxes is that |
| A. | they are regressive in nature |
| B. | easy to collect |
| C. | arbitrary |
| D. | capable of increased production |
| E. | Rs. 17,50,500 |
| Answer» A. they are regressive in nature | |
| 593. |
Devaluation affects imports by making it |
| A. | costher |
| B. | cheaper |
| C. | competitive |
| D. | prohibitive |
| E. | Rs. 17,50,500 |
| Answer» A. costher | |
| 594. |
The main advantage of line organisation is |
| A. | Well defined responsibilities at all levels |
| B. | Effective command and control |
| C. | Rigid discipline |
| D. | Quick decision making at all levels |
| E. | All of the above |
| Answer» E. All of the above | |
| 595. |
The law of demand indicates the relationship between |
| A. | The price of a commodity and the quantity demanded |
| B. | The income of consumer and the quantity demanded |
| C. | The relationship betweent he price of one commodity and the price of a substitute |
| D. | The price of two commodities |
| E. | All of the above |
| Answer» A. The price of a commodity and the quantity demanded | |
| 596. |
Salvaging means |
| A. | Writing off the assets |
| B. | Throwing away the assets |
| C. | Setting the assets |
| D. | Disposing off property which is no longer useful in present situation |
| E. | None of the above |
| Answer» D. Disposing off property which is no longer useful in present situation | |
| 597. |
In time study sone variations almost always occur from reading to reading for any element, even if the worker is not attempting to vary his pace. This variation is not caused by the following factors, among others |
| A. | Random variations in operator movements and pace |
| B. | Random variations in the positions of parts worked with |
| C. | Random variations in the position of the tools used |
| D. | Random variations caused by slight errors in watch reading |
| E. | Random variations caused by electricity failures |
| Answer» E. Random variations caused by electricity failures | |
| 598. |
Interest is not paid by banks on |
| A. | Fixed deposits |
| B. | Recurring deposit |
| C. | Savings deposits |
| D. | Cash certificates |
| E. | Traveller's cheqe. |
| Answer» E. Traveller's cheqe. | |
| 599. |
Which of the following is not the characteristics of human wants? |
| A. | Some wants are complementary |
| B. | Wants differ intensity |
| C. | Wants are limited in number |
| D. | Wants are satisfied for the time being and are, therefore recurrent |
| E. | Rs. 17,50,500 |
| Answer» C. Wants are limited in number | |
| 600. |
Which act provides for medical care of workmen? |
| A. | Industrial Disputes Act |
| B. | Workmen's Compensation Act |
| C. | Employees State Insurance Act |
| D. | Employees Provident Fund Act |
| E. | All of the above |
| Answer» C. Employees State Insurance Act | |
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