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 | |
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