Question Bank 9
1. The Law of Diminishing Returns depends on the assumption that:
(a) Total output is constant
(b) The state of technical knowledge is unchanged’
(c) Land is the factor kept constant
(d) Average output declines faster than marginal output
Ans. (b)
2. An ISQ cost line represents:
(a) Combinations of two inputs which yield the same amount of output
(b) Combinations of two inputs which cost the same amount to a firm
(c) Combinations of two inputs which yields varying amounts of output
(d) Combination of two inputs which Cost different amounts of outlay to a firm
Ans. (b)
3. Pure monopoly exists:
(a) When there is a single producer
(b) When there is a single producer without any close substitutes
(c) When there is a single producer with close substitutes
(d) When a few producers control the industry
Ans. (b)
4. Under bilateral monopoly the price is higher if:
(a) The monopolist has his way
(b) The monopolist acts as a competitor
(c) The monopolist ha his way
(d) The monopolist sells his own product in a monopoly market
Ans. (a)
5. Match the following:
List-I List-II
A. Increasing cost industry 1. Horizontal long run supply curve
B. Decreasing cost industry 2. Positively sloped long run supply curve
C. Constant cost industry 3. Negatively sloped long run supply curve
Codes:
A B C
(a) 1 2 3
(b) 3 2 1
(c) 2 3 1
(d) 2 1 3
Ans. (c)
6. Match the following:
List-I List-II
A. For a given 10% change in price, demand changes by 0% 1. e > 1
B. For a given 10% change in price, demand changes by 5% 2. e = 1
C. For a given 10% change in price, demand changes by 10% 3. e < 1
D. For a given 10% change in price, demand changes by 20% 4. e = 0
Codes:
A B C D
(a) 3 1 2 4
(b) 4 3 2 1
(c) 1 2 3 4
(d) 2 3 1 4
Ans. (b)
7. When AR is falling, MR will be:
(a) Equal to AR
(b) Less than AR
(c) More than AR
(d) Either more or equal to AR
Ans. (b)
8. In case the two commodities are complements, cross elasticity will be:
(a) Positive
(b) Unitary
(c) Negative
(d) Infinite
Ans. (c)
9. MU curve will he below X-axis when:
(a) MU is positive
(b) MU is negative
(c) MU is zero
(d) MU is constant
Ans. (b)
10. OPEC is an example of the type of producer’s organization known as a:
(a) Marketing board
(b) Producer’s cooperative
(c) Trust
(d) Cartel
Ans. (d)
11. How throne studies’s have proved that:
1. Wherever the supervisors are employee-centered, the output of the employees is
more.
2. Wherever the supervisors are production-centered, the output of the employees is
more.
3. Wherever the supervisors are production-centered, the output of the employees is
less.
4. Wherever the supervisors are employee-centered, the output of the employees is
less.
Codes:
(a) l and 2
(b) 2 and 3
(c) 1 sand 3
(d) 2 and 4
Ans. (c)
12. The Scientific Management was criticized on the grounds that:
1. It did not put forward a fully developed theory.
2. The Social and Psychological factors were emphasized by it.
3. It over simplified the worker motivation.
4. It viewed efficiency in mechanistic term only.
5. It emphasized only physiological variables of production.
Select the correct code:
(a) l, 2, 3 and 4
(b) 1, 2, 3, and 5
(c) 1, 3, 4 and 5
(d) 1, 2, 4 and 5
Ans. (c)
13. The reasons for acknowledging Taylor as the Father of Scientific Management are:
1. He is the originator of Scientific Management
2. He coined the term ‘Scientific Management’.
3. He is the first to give a complete explanation of ‘Scientific Management’.
4. He gave the techniques of Scientific Management a general framework for wider acceptance.
Codes:
(a) 1 and 4
(b) 1, 2 and 3
(c) 1 and 3
(d) 3 and 4
Ans. (d)
14. Assertion (A): The neglect of the human side of the organization has been one of the major criticisms of Taylorism.
Reason (R): Taylor and his followers had viewed organization mechanically.
Codes:
(a) A and R are true and R is the true 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)
15. Assertion (A): Scientific Management did put forward a fully developed theory of organization.
Reason (R): It addressed itself to the problems of the shop floor.
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. (d)
16. Which of the following is NOT correct?
(a) Informal organizations are spontaneous and sentimental.
(b) Informal organizations are customary and societal.
(c) Informal organizations are legal and rational.
(d Informal organizations are personal and emotional.
Ans. (c)
17. Match the following:
List-I List-II
A. Behavioural Approach 1. Interaction between organization and environment
B. Scientific Management 2. Formulation of principles of organization.
C. System Approach 3. Work done at the lowest level.
D. Classical Theory 4. People in the organization.
Codes:
A B C D
(a) 3 4 2 1
(b) 4 3 1 2
(c) 2 4 3 1
(d) 4 2 1 3
Ans. (b)
18. Listed below are four leadership qualities mentioned by Chester Barnard:
1. Responsibility and intellectual capacity
2. Decisiveness
3. Vitality and endurance
4. Persuasiveness
what according to him is their importance in descending order?
Choose the correct answer from the codes given below:
Codes:
(a) 1, 2, 4, 3
(b) 2, 1, 4, 3
(c) 3, 2, 4, 1
(d) 4, 2, 1, 3
Ans. (c)
19. Assertion (A): The terms leader and manager are interchangeable.
Reason (R): Leadership is a sub-class of management.
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. (d)
20. Which of the following is not an audible media of communication?
(a) Public meeting
(b) Personal demonstration
(c) Interviewing
(d) Broadcasting
Ans. (b)
21. Arrange the following ingredients of communication process in the proper order:
1. Message
2. Receiver
3. Encoder
4. Channel
5. Decoder
(a) 1, 3, 2, 5, 4
(b) 1, 3, 4, 2, 5
(c) 3, 1, 4, 5, 2
(d) 3, 1, 2, 4, 5
Ans. (c)
22. Match the following:
List-I List-II
A. Leadership is often made or broken by circumstance 1. Allen
B. A person is born with the talent for personal 2. Follet
leadership, he must learn management leadership.
C. We should think not only of what the leader 3. Barnard
does to the group, but also of what
the group does to the leader.
D. Leadership depends upon the individual, the 4. Millet
followers and the conditions.
Codes:
A B C D
(a) 2 3 1 4
(b) 2 4 3 1
(c) 4 2 3 1
(d) 4 1 2 3
Ans. (d)
23. Assertion (A): Communication is the passing of information in the organization. Reason (R): Communication is the blood of every organization.
Codes:
(a) A and R are true and R explains A.
(b) A and R are true but R does not explain
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (d)
24. Match the following:
List-I List-II
(a) Alderfer 1. Job Enrichment
(b) Maslow 2. Job Enlargement
(c) Hertzberg 3. Theory X and Theory Y
(d) Mc Gregor 4. ERG Theory
5. Hierarchy of Needs
Codes:
A B C D
(a) 2 3 1 4
(b) 3 2 4 5
(c) 4 5 2 3
(d) 4 5 1 3
Ans. (d)
25. Which of the following is the first systematically stated theory of motivation?
(a) Hertzberg’s Theory
(b) Maslow’ Theory
(c) Monistic Theory
(d) Mc Gregor’s Theory
Ans. (b)
(a) Total output is constant
(b) The state of technical knowledge is unchanged’
(c) Land is the factor kept constant
(d) Average output declines faster than marginal output
Ans. (b)
2. An ISQ cost line represents:
(a) Combinations of two inputs which yield the same amount of output
(b) Combinations of two inputs which cost the same amount to a firm
(c) Combinations of two inputs which yields varying amounts of output
(d) Combination of two inputs which Cost different amounts of outlay to a firm
Ans. (b)
3. Pure monopoly exists:
(a) When there is a single producer
(b) When there is a single producer without any close substitutes
(c) When there is a single producer with close substitutes
(d) When a few producers control the industry
Ans. (b)
4. Under bilateral monopoly the price is higher if:
(a) The monopolist has his way
(b) The monopolist acts as a competitor
(c) The monopolist ha his way
(d) The monopolist sells his own product in a monopoly market
Ans. (a)
5. Match the following:
List-I List-II
A. Increasing cost industry 1. Horizontal long run supply curve
B. Decreasing cost industry 2. Positively sloped long run supply curve
C. Constant cost industry 3. Negatively sloped long run supply curve
Codes:
A B C
(a) 1 2 3
(b) 3 2 1
(c) 2 3 1
(d) 2 1 3
Ans. (c)
6. Match the following:
List-I List-II
A. For a given 10% change in price, demand changes by 0% 1. e > 1
B. For a given 10% change in price, demand changes by 5% 2. e = 1
C. For a given 10% change in price, demand changes by 10% 3. e < 1
D. For a given 10% change in price, demand changes by 20% 4. e = 0
Codes:
A B C D
(a) 3 1 2 4
(b) 4 3 2 1
(c) 1 2 3 4
(d) 2 3 1 4
Ans. (b)
7. When AR is falling, MR will be:
(a) Equal to AR
(b) Less than AR
(c) More than AR
(d) Either more or equal to AR
Ans. (b)
8. In case the two commodities are complements, cross elasticity will be:
(a) Positive
(b) Unitary
(c) Negative
(d) Infinite
Ans. (c)
9. MU curve will he below X-axis when:
(a) MU is positive
(b) MU is negative
(c) MU is zero
(d) MU is constant
Ans. (b)
10. OPEC is an example of the type of producer’s organization known as a:
(a) Marketing board
(b) Producer’s cooperative
(c) Trust
(d) Cartel
Ans. (d)
11. How throne studies’s have proved that:
1. Wherever the supervisors are employee-centered, the output of the employees is
more.
2. Wherever the supervisors are production-centered, the output of the employees is
more.
3. Wherever the supervisors are production-centered, the output of the employees is
less.
4. Wherever the supervisors are employee-centered, the output of the employees is
less.
Codes:
(a) l and 2
(b) 2 and 3
(c) 1 sand 3
(d) 2 and 4
Ans. (c)
12. The Scientific Management was criticized on the grounds that:
1. It did not put forward a fully developed theory.
2. The Social and Psychological factors were emphasized by it.
3. It over simplified the worker motivation.
4. It viewed efficiency in mechanistic term only.
5. It emphasized only physiological variables of production.
Select the correct code:
(a) l, 2, 3 and 4
(b) 1, 2, 3, and 5
(c) 1, 3, 4 and 5
(d) 1, 2, 4 and 5
Ans. (c)
13. The reasons for acknowledging Taylor as the Father of Scientific Management are:
1. He is the originator of Scientific Management
2. He coined the term ‘Scientific Management’.
3. He is the first to give a complete explanation of ‘Scientific Management’.
4. He gave the techniques of Scientific Management a general framework for wider acceptance.
Codes:
(a) 1 and 4
(b) 1, 2 and 3
(c) 1 and 3
(d) 3 and 4
Ans. (d)
14. Assertion (A): The neglect of the human side of the organization has been one of the major criticisms of Taylorism.
Reason (R): Taylor and his followers had viewed organization mechanically.
Codes:
(a) A and R are true and R is the true 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)
15. Assertion (A): Scientific Management did put forward a fully developed theory of organization.
Reason (R): It addressed itself to the problems of the shop floor.
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. (d)
16. Which of the following is NOT correct?
(a) Informal organizations are spontaneous and sentimental.
(b) Informal organizations are customary and societal.
(c) Informal organizations are legal and rational.
(d Informal organizations are personal and emotional.
Ans. (c)
17. Match the following:
List-I List-II
A. Behavioural Approach 1. Interaction between organization and environment
B. Scientific Management 2. Formulation of principles of organization.
C. System Approach 3. Work done at the lowest level.
D. Classical Theory 4. People in the organization.
Codes:
A B C D
(a) 3 4 2 1
(b) 4 3 1 2
(c) 2 4 3 1
(d) 4 2 1 3
Ans. (b)
18. Listed below are four leadership qualities mentioned by Chester Barnard:
1. Responsibility and intellectual capacity
2. Decisiveness
3. Vitality and endurance
4. Persuasiveness
what according to him is their importance in descending order?
Choose the correct answer from the codes given below:
Codes:
(a) 1, 2, 4, 3
(b) 2, 1, 4, 3
(c) 3, 2, 4, 1
(d) 4, 2, 1, 3
Ans. (c)
19. Assertion (A): The terms leader and manager are interchangeable.
Reason (R): Leadership is a sub-class of management.
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. (d)
20. Which of the following is not an audible media of communication?
(a) Public meeting
(b) Personal demonstration
(c) Interviewing
(d) Broadcasting
Ans. (b)
21. Arrange the following ingredients of communication process in the proper order:
1. Message
2. Receiver
3. Encoder
4. Channel
5. Decoder
(a) 1, 3, 2, 5, 4
(b) 1, 3, 4, 2, 5
(c) 3, 1, 4, 5, 2
(d) 3, 1, 2, 4, 5
Ans. (c)
22. Match the following:
List-I List-II
A. Leadership is often made or broken by circumstance 1. Allen
B. A person is born with the talent for personal 2. Follet
leadership, he must learn management leadership.
C. We should think not only of what the leader 3. Barnard
does to the group, but also of what
the group does to the leader.
D. Leadership depends upon the individual, the 4. Millet
followers and the conditions.
Codes:
A B C D
(a) 2 3 1 4
(b) 2 4 3 1
(c) 4 2 3 1
(d) 4 1 2 3
Ans. (d)
23. Assertion (A): Communication is the passing of information in the organization. Reason (R): Communication is the blood of every organization.
Codes:
(a) A and R are true and R explains A.
(b) A and R are true but R does not explain
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (d)
24. Match the following:
List-I List-II
(a) Alderfer 1. Job Enrichment
(b) Maslow 2. Job Enlargement
(c) Hertzberg 3. Theory X and Theory Y
(d) Mc Gregor 4. ERG Theory
5. Hierarchy of Needs
Codes:
A B C D
(a) 2 3 1 4
(b) 3 2 4 5
(c) 4 5 2 3
(d) 4 5 1 3
Ans. (d)
25. Which of the following is the first systematically stated theory of motivation?
(a) Hertzberg’s Theory
(b) Maslow’ Theory
(c) Monistic Theory
(d) Mc Gregor’s Theory
Ans. (b)
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