Question Bank 12
26. A long run analysis of production is called:
(a) Economies of scale
(b) Law of variable proportion
(c) Law of increasing returns
(d) Law of returns to scale
Ans. (d)
27. Which of the following persons is engaged in “secondary production”?
1. A brick layer
2. An automobile assembly-line worker
3. An accountant
4. A cinema projectionist
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Ans. (b)
28. Rectangular hyperbola is the shape of:
(a) TFC
(b) AFC
(c) FC
(d) MC
Ans. (b)
29. Assertion (A): A tenet of scientific management is co-operation and harmony between workers and managers.
Reason (R): Taylor believed in participative management.
In the context of the above two statements which one of the following is correct?
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (c)
30. Which of the following are the Mechanisms of the Scientific Management?
1. Functional Foremanship
2. One best way of doing a task
3. Differential Piece Rate Plan
4. Scientific Selection of workman
5. Time and Motion study
(a) 1, 3, 4 and 5
(b) 2, 4 and 5
(c) 4, 3 and 5
(d) 2 and 4
Ans. (c)
31. Who described the classical approach as the engineering approach?
(a) Gullick
(b) Fayol
(c) Urwick
(d) Mooney
Ans. (c)
32. Match List-I with List-II:
List-I List-II
A. A store clerk tells the top executive when to buy 1. Leadership by personality
a commodity.
B. A youth rushing to save life and property of a house 2. Leadership by position
on fire commands neighbours to collect water.
C. A newly elected secretary advises members about 3. Leadership by function
their duties.
D. A leader attempts to bend his followers to his will 4. Leadership by situation
in most kind of work.
Codes:
A B C D
(a) 1 3 2 4
(b) 2 4 3 1
(c) 3 4 2 1
(d) 3 2 4 1
Ans. (c)
33. Arrange the Maslow’s Need descending order:
1. Social
2. Self-Actualization
3. Physiological
4. Ego
5. Security
(a) 3, 5 1, 4, 2
(b) 3, 5, 1, 2, 4
(c) 2, 4, 1, 3, 5
(d) 2, 4, 1, 5, 3
Ans. (d)
34. Which of the following, according to Hertzberg, are not the motivators?
1. Responsibility
2. Recognition
3. Interpersonal relations
4. Work itself
5. Working condition
(a) l, 2 and 4
(b) l, 2, and 3
(c) 3 and 5
(d) 2, 4 and 5
Ans. (c)
35. The traditional theory of motivation is the theory of:
(a) Path-goal
(b) Participation
(c) Motivation-hygiene
(d) Fear and punishment
Ans. (d)
36 The sources of recruitment are:
(a) Internal
(b) External
(c) Internal as well as external
(d) None of the above
Ans. (b)
37. The Human Relations Theory rejects:
(a) Formal institutionalization
(b) Informal functioning
(c) Human motivation
(d) People
Ans. (d)
38. The terms speed boss, rout clerks etc., are used in relation to:
(a) Line organization
(b) Line and staff organization
(c) Functional organization
(d) None of the above
Ans. (d)
39. Paid-up value is payable on a life insurance policy:
(a) on the maturity of the policy
(b) when the policy lapses
(c) when the policy is surrendered
(d) on maturity or death which ever is earlier
Ans. (d)
40. FICCI was formed in the year:
(a) 1920
(b) 1925
(c) 1926
(d) 1951
Ans. (c)
41. Which among the following is the most popular approach for accomplishing the
results?
(a) Management by exception
(b) Reward system
(c) Management by objectives
(d) Mentor system
Ans. (c)
42. Techniques of managerial control are useful in:
(a) Selection of plant location
(b) Identifying appropriate technology
(c) Profit planning
(d) Conducting shareholders’ meetings
Ans. (c)
43. Facility location decisions:
(a) Do not affect other capacity decisions
(b) Are intermediate range capacity decisions
(c) Are not affected by other existing capacities
(d) All of the above statements are untrue
Ans. (d)
44. Ship building and construction of dams and bridges are typical examples of:
(a) Fixed position layout
(b) Functional layout
(c) Product layout
(d) Project type layout
Ans. (a)
45. If unit item cost = Rs. 10, monthly carrying charge = 3%, monthly demand = 100 units and ordering cost = Rs.20 per order, the EOQ is:
(a) 11.45
(b) 400
(c) 115.4
(d) 33.3
Ans. (c)
46. PERT/CPM network analysis can be used for:
(a) Projection appraisal
(b) Project Implementation
(c) Project monitoring and control
(d) All of the above
Ans. (a)
47 Where ‘r’ is equal to zero the regression lines cut each other making an angle of:
(a) 450?
(b) 60?
(c) 90?
(d) None of these
Ans. (d)
48. In a moderately asymmetrical distribution
(a) A. M > G.M > H.M
(b) A.M < G.M < H.M.
(c) A.M < G.M > H.M.
(d) None of these
Ans. (a)
49. National Housing is a controlled enterprise of:
(a) NABARD
(b) UTI
(c) RBI
(d) LIC of India
Ans. (c)
50. Corporate tax is imposed by:
(a) State Government
(b) Local Government
(c) Central Government
(d) Both (a) and (c)
Ans. (c)
(a) Economies of scale
(b) Law of variable proportion
(c) Law of increasing returns
(d) Law of returns to scale
Ans. (d)
27. Which of the following persons is engaged in “secondary production”?
1. A brick layer
2. An automobile assembly-line worker
3. An accountant
4. A cinema projectionist
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Ans. (b)
28. Rectangular hyperbola is the shape of:
(a) TFC
(b) AFC
(c) FC
(d) MC
Ans. (b)
29. Assertion (A): A tenet of scientific management is co-operation and harmony between workers and managers.
Reason (R): Taylor believed in participative management.
In the context of the above two statements which one of the following is correct?
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (c)
30. Which of the following are the Mechanisms of the Scientific Management?
1. Functional Foremanship
2. One best way of doing a task
3. Differential Piece Rate Plan
4. Scientific Selection of workman
5. Time and Motion study
(a) 1, 3, 4 and 5
(b) 2, 4 and 5
(c) 4, 3 and 5
(d) 2 and 4
Ans. (c)
31. Who described the classical approach as the engineering approach?
(a) Gullick
(b) Fayol
(c) Urwick
(d) Mooney
Ans. (c)
32. Match List-I with List-II:
List-I List-II
A. A store clerk tells the top executive when to buy 1. Leadership by personality
a commodity.
B. A youth rushing to save life and property of a house 2. Leadership by position
on fire commands neighbours to collect water.
C. A newly elected secretary advises members about 3. Leadership by function
their duties.
D. A leader attempts to bend his followers to his will 4. Leadership by situation
in most kind of work.
Codes:
A B C D
(a) 1 3 2 4
(b) 2 4 3 1
(c) 3 4 2 1
(d) 3 2 4 1
Ans. (c)
33. Arrange the Maslow’s Need descending order:
1. Social
2. Self-Actualization
3. Physiological
4. Ego
5. Security
(a) 3, 5 1, 4, 2
(b) 3, 5, 1, 2, 4
(c) 2, 4, 1, 3, 5
(d) 2, 4, 1, 5, 3
Ans. (d)
34. Which of the following, according to Hertzberg, are not the motivators?
1. Responsibility
2. Recognition
3. Interpersonal relations
4. Work itself
5. Working condition
(a) l, 2 and 4
(b) l, 2, and 3
(c) 3 and 5
(d) 2, 4 and 5
Ans. (c)
35. The traditional theory of motivation is the theory of:
(a) Path-goal
(b) Participation
(c) Motivation-hygiene
(d) Fear and punishment
Ans. (d)
36 The sources of recruitment are:
(a) Internal
(b) External
(c) Internal as well as external
(d) None of the above
Ans. (b)
37. The Human Relations Theory rejects:
(a) Formal institutionalization
(b) Informal functioning
(c) Human motivation
(d) People
Ans. (d)
38. The terms speed boss, rout clerks etc., are used in relation to:
(a) Line organization
(b) Line and staff organization
(c) Functional organization
(d) None of the above
Ans. (d)
39. Paid-up value is payable on a life insurance policy:
(a) on the maturity of the policy
(b) when the policy lapses
(c) when the policy is surrendered
(d) on maturity or death which ever is earlier
Ans. (d)
40. FICCI was formed in the year:
(a) 1920
(b) 1925
(c) 1926
(d) 1951
Ans. (c)
41. Which among the following is the most popular approach for accomplishing the
results?
(a) Management by exception
(b) Reward system
(c) Management by objectives
(d) Mentor system
Ans. (c)
42. Techniques of managerial control are useful in:
(a) Selection of plant location
(b) Identifying appropriate technology
(c) Profit planning
(d) Conducting shareholders’ meetings
Ans. (c)
43. Facility location decisions:
(a) Do not affect other capacity decisions
(b) Are intermediate range capacity decisions
(c) Are not affected by other existing capacities
(d) All of the above statements are untrue
Ans. (d)
44. Ship building and construction of dams and bridges are typical examples of:
(a) Fixed position layout
(b) Functional layout
(c) Product layout
(d) Project type layout
Ans. (a)
45. If unit item cost = Rs. 10, monthly carrying charge = 3%, monthly demand = 100 units and ordering cost = Rs.20 per order, the EOQ is:
(a) 11.45
(b) 400
(c) 115.4
(d) 33.3
Ans. (c)
46. PERT/CPM network analysis can be used for:
(a) Projection appraisal
(b) Project Implementation
(c) Project monitoring and control
(d) All of the above
Ans. (a)
47 Where ‘r’ is equal to zero the regression lines cut each other making an angle of:
(a) 450?
(b) 60?
(c) 90?
(d) None of these
Ans. (d)
48. In a moderately asymmetrical distribution
(a) A. M > G.M > H.M
(b) A.M < G.M < H.M.
(c) A.M < G.M > H.M.
(d) None of these
Ans. (a)
49. National Housing is a controlled enterprise of:
(a) NABARD
(b) UTI
(c) RBI
(d) LIC of India
Ans. (c)
50. Corporate tax is imposed by:
(a) State Government
(b) Local Government
(c) Central Government
(d) Both (a) and (c)
Ans. (c)
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