![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Chapters
601. |
If two commodities are jointly demanded they are |
A. | Inferior goods |
B. | Compliments |
C. | Necessities |
D. | Substitutes |
E. | Multiple goods |
Answer» B. Compliments |
602. |
A product 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» C. Continuous type of production |
603. |
Which of the following does not represent time utility? |
A. | Old rice |
B. | Cold storage |
C. | Sand in cities |
D. | All of the above |
E. | Rs. 17,50,500 |
Answer» C. Sand in cities |
604. |
The conditions to be fullfilled before the Standing orders are certified are |
A. | They Standing orders should provide for every matter set out in the schedule which is applicable to the Industrial establishment |
B. | The Standing orders should be in conformity with the provisions of the Act |
C. | The certifying officers or the Appellate authority shall before certifying the Standing orders adjusdicate upon the fairness or reasonableness of the provisions of any Standing orders |
D. | (A) and (B) above |
E. | (A), (B) and (C) above |
Answer» E. (A), (B) and (C) above |
605. |
Saving is defined as |
A. | Accounting difference between current income and consumption |
B. | Sum of savings made by the different factors |
C. | Excess of expenditure over available income |
D. | Amount set aside for meeting unforeseen expenditure |
E. | None of the above |
Answer» A. Accounting difference between current income and consumption |
606. |
The variance of a statistical distribution indicates |
A. | The average value of the distribution |
B. | The spread of the distribution |
C. | The value of the variate with the largest frequency |
D. | The difference between the extreme values in the distribution |
E. | None of the above |
Answer» B. The spread of the distribution |
607. |
During contract negotiations, what two territorial rights are weighed against each other? |
A. | Employee rights |
B. | Management rights |
C. | Government rights |
D. | (A) and (C) |
E. | (A) and (B) |
Answer» E. (A) and (B) |
608. |
Principal wage and salary issues are all concerned with |
A. | Filling open positions with the most qualified personnal available |
B. | Creating an equitable pay system |
C. | Getting the most labour for the industry's expenditures |
D. | All of the above |
E. | None of the above |
Answer» B. Creating an equitable pay system |
609. |
The objective of an organizational hygiene program is |
A. | To prevent accidents |
B. | To make the workplace risk free |
C. | To supply emergency medical service to workers and their families |
D. | To prevent occupational diseases |
E. | Job specification |
Answer» D. To prevent occupational diseases |
610. |
The wage rate of brick layers is likely to rise due to |
A. | A depression in building industry |
B. | An increase in the demand for houses |
C. | The development of cheap industrial building process |
D. | A decrease in productivity of bricklayer |
E. | None of the above |
Answer» B. An increase in the demand for houses |
611. |
Contribution of a growing production to economic growth consists in what is |
A. | Adds to consumption |
B. | Adds to production minus what it takes away from the national product in the form of consumption |
C. | Adds to saving and investment |
D. | Adds to reproducible resources |
E. | None of the above |
Answer» B. Adds to production minus what it takes away from the national product in the form of consumption |
612. |
Which of the following is not usually included in list of probable economies of large scale production? |
A. | Efficient management |
B. | Specialised labour force |
C. | Advertising |
D. | Use of machinery |
E. | Improved labour relations |
Answer» C. Advertising |
613. |
The state in India which has maximum population is |
A. | West Bengal |
B. | Kerala |
C. | Madhya Pradesh |
D. | Uttar Pradesh |
E. | Rajasthan |
Answer» C. Madhya Pradesh |
614. |
Which of the following is a hard currency? |
A. | Takka |
B. | Dinar |
C. | Yen |
D. | Rival |
E. | Rs. 17,50,500 |
Answer» C. Yen |
615. |
The information used to evaluate how successful a manager is in achieving planned objectives in included |
A. | Profit plan or budgets |
B. | Financial statements |
C. | Proforma statements |
D. | Performance reports |
E. | None of the above |
Answer» D. Performance reports |
616. |
Speculation arises because of |
A. | Monopolistic competition |
B. | Stock market |
C. | Share market |
D. | Uncertainty of the future |
E. | All of the above |
Answer» D. Uncertainty of the future |
617. |
Sinking fuad' is associated with |
A. | employees welfare |
B. | mahcine depreciation |
C. | idle timing |
D. | indirect labour cost |
E. | Rs. 17,50,500 |
Answer» B. mahcine depreciation |
618. |
Micromotion study is |
A. | Enlarged view of motion study |
B. | Analysis of one stage of motion chart |
C. | Motion study when seen on a time chart |
D. | Sub-division of an operation into therbligs and their analysis |
E. | Motion study with micro-seconds as units |
Answer» D. Sub-division of an operation into therbligs and their analysis |
619. |
India had a plan holiday between |
A. | 1947 and 1951 |
B. | 1963 and 1966 |
C. | 1966 and 1969 |
D. | 1971 and 1974 |
E. | 1977 and 1980 |
Answer» D. 1971 and 1974 |
620. |
Basic tool in work study is |
A. | Process chart |
B. | Planning chart |
C. | Shop layout |
D. | Bar chart |
E. | Stop watch |
Answer» E. Stop watch |
621. |
The incentive plan which awards bonus to worker on the basis of time save in addition to certain base rate is |
A. | Halsey plan |
B. | Rowan plan |
C. | Emerson plan |
D. | none of the above |
E. | None of the above |
Answer» A. Halsey plan |
622. |
All of the following are the characteristics of capitalism EXCEPT |
A. | Right to private property |
B. | Economic equality |
C. | Profit motive |
D. | Right of free enterprise |
E. | Rs. 17,50,500 |
Answer» B. Economic equality |
623. |
The performance of a company can be judged by its |
A. | Share capital |
B. | total production |
C. | number of employees |
D. | profits |
E. | Rs. 17,50,500 |
Answer» D. profits |
624. |
In linear programming shadow prices are |
A. | The values assigned to one unit of capacity |
B. | Maximum cost per item |
C. | Cost of brought out items |
D. | Cost of items manufactured in the plant |
E. | Lowest sales prices |
Answer» A. The values assigned to one unit of capacity |
625. |
Which of the following groups of economists find consumers sovereignty undesirable? |
A. | Capitalists |
B. | Socialists |
C. | Mercantilists |
D. | Positivists |
E. | All of the above |
Answer» B. Socialists |
626. |
Theory X and theory Y were identified by |
A. | Douglas Mc Gregor |
B. | Frederick Herzberg |
C. | Abbraham Maslow |
D. | Fritz Roethlisberger |
E. | None of the above |
Answer» A. Douglas Mc Gregor |
627. |
Which Trade Union has affiliation to Congress party |
A. | All India Trade Union Congress |
B. | The Centre of Indian Trade Union |
C. | The Indian Nation trade Union Congress |
D. | The Hind Mazdoor Sabha |
E. | None of the above |
Answer» A. All India Trade Union Congress |
628. |
Interest is not payable on investment in |
A. | debentures |
B. | fixed deposits |
C. | shares |
D. | secured loans |
E. | Rs. 17,50,500 |
Answer» C. shares |
629. |
A monopolistic firm's average revenue is always |
A. | Rising |
B. | Falling |
C. | Constant |
D. | Dometimes rising sometimes falling |
E. | Depends on several variables |
Answer» A. Rising |
630. |
All the following debt securities pay the bearer interest except |
A. | Corporate bonds |
B. | Treasury bills |
C. | Debentures |
D. | Treasury bonds |
E. | State government bonds |
Answer» B. Treasury bills |
631. |
Which of the following is an example of non-economic goods? |
A. | A packet of cigarette |
B. | Sand in desert |
C. | Plastic scrap |
D. | An empty bottle of whickey |
E. | Rs. 17,50,500 |
Answer» B. Sand in desert |
632. |
Windfall profits accrue due to |
A. | professional management |
B. | use of ultra modern machinery |
C. | reduced cost of inputs |
D. | unexpected circumstances |
E. | Rs. 17,50,500 |
Answer» D. unexpected circumstances |
Done Reading?