Question Bank 13

1. Data collection terminals gather data for use by the:
(a) Inventory subsystem
(b) Cost subsystem
(c) Production subsystem
(d) All of the above
Ans. (d)
2. Average inventory level is educed by:
(a) Decreasing the vender lead time
(b) Increasing the usage rate
(c) Decreasing the order quantity
(d) Lowering the reorder point
Ans. (c)
3. Below are given four different theories:
(1) Trait approach
(ii) Attitude criterion
(iii) Behaviour approach
(iv) Situational approach
These are identified with:
(a) Administrative behaviour
(b) Organizational behaviour
(c) Leadership index
(d) Administrative approaches
Ans. (c)
4. The manager of inventory would most likely be found in the:
(a) Finance function
(b) Marketing function
(c) Manufacturing function
(d) Information system function
Ans. (c)
5. Focus on Social Environment is related to:
(a) Unity of Command
(b) Human Relations
(c) Unity of Direction
(d) Delegation
Ans. (b)
6. Section 16 of the Banking Regulation Act, 1949 prohibits a person:
(a) To be appointed as director of banking company if he is an undischarged insolvent.
(b) To be appointed as director of banking company if he is not of sound financial position.
(c) To be appointed as director of more than one banking company.
(d) None of these
Ans. (c)
7. The funds management subsystem attempts to:
(a) Increase cash input
(b) Decrease cash output
(c) Balance cash inflow with outflow
(d) All of the above
Ans. (c)
8. The democratic leadership style goes with:
(a) Theory X
(b) Theory Y
(c) Theory Z
(d) None of the above
Ans. (b)
9. This type of information overlay indicates the key people who can accomplish something because they know the ropes.
(a) The decision overlay
(b) The power overlay
(c) The communication overlay
(d) The functional overlay
Ans. (b)
10. Delegation of authority results in:
(a) Avoiding responsibility
(b) Centralization of powers at top level
(c) Costliness of decision
(d) Enabling the managers to distribute their work load
Ans. (d)
11. Taylorism:
1. Viewed man as an adjunct of man.
2. Underestimated the meaning of human motivation.
3. Emphasized only a limited number of physiological variables.
4. Completely neglected the psychological aspects.
Select the correct code from the following:
(a) (l)+(2)
(b) (1)+(2)+(3)
(c) (l)+(3)+(4)
(d) All of the above
Ans. (d)
12. Which of the following markets is associated with short term funds?
(a) Money market
(b) Capital market
(c) Stock market
(d) Chamber of commerce
Ans. (c)
13. In India, the system of decimal coinage introduced on:
(a) 15th August 1947
(b) 26th January 1950
(c) 1st April 1957
(d) None of these
Ans. (a)
14. The most structured marketing problems are likely to be those dealing with:
(a) Product
(b) Promotion
(c) Place
(d) Price
Ans. (b)
15. Economic analysis in the content of equity stock valuation is concerned with:
(a) Study of fiscal policies
(b) Study of monsoons
(c) Study of economic policies of the government
(d) All of the above
Ans. (d)
16. One who does too much work is called
(a) A squealer
(b) A rate buster
(b) A chiseller
(d) None of the above
Ans. (b)
17. Companies are required to hold a meeting every year. What is the meeting called?
(a) Extra ordinary meeting
(b) Statutory meeting
(c) Committee meeting .
(d) Annual general meeting
Ans. (a)
18. The management of a company is vested in the hands of:
(a) Shareholders
(b) Directors
(c) Board of directors elected by shareholders
(d) Creditors
Ans. (c)
19. A popular technique for forecasting is:
(a) Correlation analysis
(b) Regression analysis
(c) Linear programming
(d) Month Carlo
Ans. (b)
20. Which of the following is not a component of the new issue market?
(a) Stock exchange
(b) Unit Trust of India
(c) Financial Institution like IFC, IDBI
(d) LIC
Ans. (d)
21. Bank deposits are money when they are:
(a) Lying with Bank
(b) In circulation
(c) Kept with government
(d) Kept with R.B.I.
Ans. (b)
22. Money is:
(a) Consumer goods
(b) Capital goods
(c) Producer goods
(d) Neither of them
Ans. (d)
23. “Papers on the Science of Administration” is written by:
(a) L. Urwick
(b) Gullick
(c) Both combined
(d) M. P. Follett
Ans. (c)
24. Find the correct answer regarding classical theory of organizations?
(i) It throws focus on human beings as such
(ii) It throws focus not on human beings as such but on the role
(iii) It is normally the dominant set of work relationship.
(iv) All of the above
(a) (i) and (ii) only
(b) (ii) and (iii) only
(c) (i) and (iii) only
(d) (iv) only
Ans. (b)
25. Full delegation is called:
(a) Alter-ego
(b) Shelter-ego
(c) Ego
(d) None of the above
Ans. (d)