Question Bank 2

1. Supply of a commodity is a:
(a) Stock concept
(b) A flow concept
(c) Both (a) and (b)
(d) None of the above.
Ans:- ( b)
2. Consideration is synonymous with:
(a) Task
(b) Relations
(c) Style
(d) Altitude
Ans:- (b)
3. UNO has the maximum dues on:
(a) India
(b) Mexico
(c) USA
(d) Japan
Ans:- (c)
4. Put into chronological order on the basis of development:
1. Law of demand
2: Law of indifference
3. .Law of diminishing marginal utility
4. Revealed preference curve
5. Indifference curve
Codes:
(a) 1, 2, 3, 4, 5 (b) 1, 5, 3, 4, 2
(c) 1, 3, 2, 5, 4 (d) 1, 3, 4, 2, 5
Ans:- (c)
5. Match the following:
List-I
A. Principle of Economics
B. Diamond Water. Paradox
C. Value and Capital
D. Asian Drama
E. Language of Economics
List-II
1. Gunner Myrdal
2. J. K. Galbraith
3. Alfred Marshall
4. J. R. Hicks
5. Adam Smith
Codes:
A B C D E
(a) 1 2 3 5 4
(b) 2 4 3 5 1
(c) 5 2 3 1 4
(d) 3 5 4 1 2
Ans:- (d)
6. The demand for pepper is likely to have a low price elasticity because it:
1. Involves only a small proportion of consumers expenditure
2. It is single-use goods
3. Has no close substitutes
4. Can readily be foregone
(a) 1 and 2 (b) 1 and 3
(c) 2 and 3 (d) 2 and 4
Ans:- (c)
7. The basic feature of oligopoly is:
(a) Many sellers
(b) Only one seller
(c) A few sellers
(d) Infinite sellers .
Ans:- (c)
8. Assertion (A): According to Taylor, one best way of doing each task leads to increase in productivity in organisation.
Reason (R) It was the management responsibility alone to find out this one best way.
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:- (b)
9 The principles of organisation propounded by Fayol are:
(a) Scalar Chain, Co-ordinating, Remuneration and Unity of Command.
(b) Discipline, Order, Equity and Initiative
(c) Division of work, Authority, Unity of Direction and Commanding.
(d) Division of work, scalar chain, stability of Tenure and Organising
Ans:- (b)
10. The Scientific Management is based upon which of the following assumption?
1. Application of the scientific methods to organisational problems leads to efficiency.
2. The good worker is one who accepts orders, but does not initiate actions.
3. Worker is more important than the work.
4. Each worker is interested in maximising his monetary rewards.
Select the correct code:
(a) 1, 2 and 3 (b) 1, 2 and 4
(c) 2, 3 and 4 (d) 1, 2, 3 and 4
Ans:- (b)
11. Assertion (A) : Scientific Management is also called the physiological organisational theory. Reason (R) : Scientific Management is concerned with only that range of human behaviour which relates to production.
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:- (a)
12. Arrange the following experiments conducted by Elton Mayo in the chronological order.
1. Bank Wiring Experiment
2. Textile Mill Experiment
3. Illumination Experiment
4. Mass Interviewing Programme
Select the correct code
(a) 2, l, 3 and 4
(b) 2, 3, 4 and 1
(c) l, 2, 3 and 4
(d) 2, 3, 1 and 4
Ans:- (b)
13. According to Neo-classical theory, an organisation is:
(a) A structure with well defined functions
(b) A structure with well defined objectives
(c) A group of people with a common objectives
(d) A structure with order and objective rationality
Ans:- (c)
14. Match the following:
List-I
A. Classical
B. Human Relations
C. Behavioural
D. Systems
List-II
1. Fact-Orientation.
2. Environment
3. Structure
4. Informal Organisations
5. Incentives to work
Codes:
A B C D
(a) 4 2 1 3
(b) 1 4 3 2
(c) 3 2 4 5
(d) 3 4 1 2
Ans:- (d)
15. Assertion (A) : Functionally, a leader is partly a manager.
Reason (R) : A leader does all the management functions.
Codes:
(a) A and R are true and R explains A.
(b) A and R are true but R does not explain A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans:- (c)
16. Match the following:
List-I
A. Fayol B. Simon
C. Shannon C Weiner
List-I
1.Grape—vine 2. Cybernetics
3.Gang plank 4. Noise
Codes:
A B C D
(a) 3 4 2 1
(b) 3 1 4 2
(c) 3 2 4 1
(d) 3 4 1 2
Ans:- (b)
17.The process theories of motivation includes the method of:
1. Victor Vroom
2. Haridi Kelly
3. Mc Gregor
4. Porter Lawler
Codes:
(a) 1, 2, 3 and 4 (b) l, 2 and 3
(c) l, 2 and 4 (d) 2 and 4
Ans:- (c)
18. Which of the following are true about Herberg’s motivations?
1. They are related to job content
2. Their presence leads to satisfaction
3. Their absence leads to dissatisfaction
4. They reflect the Abraham nature of man
5. They reflect the Adam nature of man
Codes:
(a) l, 2, 3 and 4 (b) l, 2, 3 and5
(c) 1, 2 and 5 (d) l, 2 and 4
Ans:- ( d)
19. Who wrote Management and Moral?
(a) Taylor
(b) Roethliberger
(c) Riggs
(d) None of these
Ans:- (b)
20. Who wrote Policy and Management’?
(a) Dimock
(b) Gulick
(c) Apply by
(d) Max Weber
Ans:- (c)
21. Methods for forecasting human resource needs can be classified as either:
(a) Judgmentally or contingency based
(b) Situationally or mathematically based
(c) Judgmentally or mathematically based
(d) None of the above.
Ans:- (d)
22. HRD. Systems or processes may include the following Process mechanisms or sub-systems:
(a) Career planning man power planning and collective bargaining.
(b) Performance planning appraisal, motivation and grievance handling.
(c) Performance appraisal, career planning organization development.
(d) Training and development, communication and quality of work life.
Ans:- (c)
23. Man can’t live bread alone he wants:
(a) Better Wages
(b). Due recognition
(c) Better wages and due recognition
(d) None of the above
Ans:- ( c)
24. Management is bound for labour welfare:
(a) Within the factory only
(b) Outside the factory only
(c) Both of the above
(d) None of the above
Ans:- (c)
25. To Channelise the activities of the workers and to induce them to work is
(a) Control
(b) Co-ordination
(c) Motivation.
(d) None of these
Ans:- (b)