Question Bank 4

1. Assertion (A): Today managers with leadership qualities and skills are preferred to managers with expertise alone.
Reason (R): The major organisational changes now emphasis managing people and process.
Codes:
(a) Both A and R are true and R is the correct explanation of A.
(b) Both 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)
2. Assertion (A): Special rules and procedures are followed in the import and export trade.
Reason (R): The need for import and export trade is explained by the principles of ‘Comparative Cost Theory’.
Codes:
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not a correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans:-(b)
3. Brainstorming is used by the management for:
(a) Work allocation on the shop floor.
(b) Generating alternative for problem solving.
(c) The promotion of research and development.
(d) Training employees.
Ans-(b)
4. Indian banks have the maximum foreign branches in.
(a) Bangladesh
(b) U.K.
(c) U.S.A
(d) Sri Lanka
Ans:- (b)
5. For a positively sloped straight line supply curve that intersects the price axis is:
(a) Equal to zero
(b) Equal to one
(C) Greater than one
(d) Constant
Ans(c)
6. 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.
(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 )
7. All money Costs can be regarded as:
(a) Social costs
(b) Opportunity costs
(c) Explicit costs
(d) Real costs .
Ans:- (c)
8. Assertion (A): MBO is effective way of planning and organising the work.
Reason (R): Employees participate in setting the objectives.
Codes:
(a) Both A and R are true and R is the correct explanation of A.
(b) Both 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)
9. Match List-I with List-II and select the correct answer using the codes given below the lists.
List-I
A. Principle of management 4
B. Management by objectives5
C. Human Resources Approach School.2
D. Human Relations.1
List-II
1. Douglas Mc Gregor
2. Chester Barnard
3. Henry Fayol
4, George Elton Mayo
5. Peter Drucker
Codes:
A B C D
(d) 4 5 2 1
Ans:- (d )
10. If for a sample data: Mean <="" mode,="" then="" the="" distribution="" is
(a) Skewed to the right
(b) Symmetric
(c) Skewed to the left
(d) Neither symmetric nor skewed
Ans:- (c)
11. Which of the following is not discount policy?
(a) Trade discount policy
(b) Discount cash policy
(c) Quantity discount policy
(d) All of the above
Ans:- (d )
12. Which committee was constituted for reforms in tax-structure?
(a) Narsimham Committee.
(b) Chelliah Committee.
(c) Gadgil Committee.
(d) Kelkar Committee.
Ans:- (b)
13. The Sum of squared deviation is the least when taken from :
(a) Mode.
(b) Median.
(c) Arithmetic Mean.
(d) Geometric Mean.
Ans:- (c)
14. The Fisher Index Number is:
(a) GM of Laspeyres and Paasche index numbers
(b) AM of Laspeyres and Paasche index numbers
(c) HM of Laspeyres and Paasche index numbers
(d) GM of Laspeyres and Marshall-Edge worth index numbers
Ans:- (a )
15. Match List-I with List-II and select the correct answer using the codes given below the lists:
List-I
A. Managerial Grid
B. 3-D Approach
C. Contingency Model
D. System Approach
List-II
I. H. Koontnz..
2. F. E. Fiedler.
3. R. R. Blake.
4. R. Likert.
5. W. I. Reddin.
A B C D
(d) 3 5 2 4
Ans:- (d )
16. Dumping is an example of:
(a) Monopolistic practice in international trade
(b) Monopoly in international trade
(c) Oligopoly in international trade
(d) Perfect competition in international trade
Ans:- (a )
17. Which of the following speculative activities is based on disparity
in quote prices in different markets?
(a) Option dealings
(b) Arbitrage
(c) Margin trading
(d) Blank transfers
Ans:- (b)
18. Find the odd one out:
(a) Human relations theory
(b) Informal functioning
(c) Humanistic theory
(d) None of the above
Ans:- (d)
19. Cross elasticity of complementary goods is:
(a) Negative
(b) Zero
(c) High
(d) Infinite
Ans:- (a)
20. Consider the following elements in a feedback loop is:
1. Identification of deviations
2. Measurement of actual performance
3. Actual performance
4. Comparison of actual against standards. The correct sequence of these elements in the
Feed back loop is:
(a) 3, 2, 1, 4 (b) 3, 2, 4, 1
(c) 2, 3, 1, 4 (d) 2, 3, 4, 1
Ans:- (a )
21. The Human Relations Theory rejects:
(a) Formal institutionalization.
(b) Informal functioning
(c) Human Motivation.
(d) People
Ans:- (d)
22. Who wrote Management and Moral?
(a) Taylor
(b) Roethliberger
(c) Riggs
(d) None of the above
Ans:-(b )
23. Match the following:
List-I List-II
A. Cardinal approach 1. Marginal utility
B. Ordinal approach 2. Alfred Marshall
C. Hicks-Allen approach 3. J. R. Hicks
D. Consumer’s surplus 4. Indifference curve
5. Revealed preference theory.
Codes:
A B C D
(a) 1 2 3 4
(b) 1 5 4 2
(c) 1 3 4 2
(d) 1 3 2 4
Ans:- (b)
24. Marginal (minimum) cost occurs at the output where:
(a) The total product is at a maximum.
(b) The marginal project of the variable factors is at a maximum.
(c) The factors are combined in their best possible proportion.
(d) The average product of the variable factors is at a maximum.
Ans:- (b)
25. Which of the following occupations should be included under the heading of
“Primary Production”?
l. Quarrying
2. Fishing
3. Farming
4. Coal Mining
(a) 1 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) l, 2, 3and 4
Ans:- (d)