Management Questions PDF

Management MCQ Questions
1 Name the two segments of engineering sector.
A. heavy and light
B. civil and mechanical
C. electronics and telecommunication
D. None of above
Answer optiona
Marks: 1
Chapter: 1
2 Different types of Process Industry
A. General
B. Chemical
C. Heat
D. All of above
Answer optiond
Marks: 1
Chapter: 1
3 Assigning each group according to the similar activities to be performed, to manager with the necessary authority to supervise them is called ____________.
A. Planning
B. Organizing
C. Controlling
D. Decision making
Answer optionb
Marks: 1
Chapter: 2
4 Out of the following options given below, which does not implies to equity?
A. Equal wages
B. Dignity
C. Fair
D. Good work culture
Answer optiona
Marks: 1
Chapter: 2
5 ................................is accountability, which is an obligation of a subordinate to his/her boss to perform the assign work.
A. Authority
B. Responsibility
C. Communication
D. All of the above
Answer optionb
Marks: 1
Chapter: 3
6 For product type departmentation, which statement is incorrect?
A. People become expert in the work allotted to them
B. Product become name brand name
C. Attention is given to the product
D. No duplicate of work
Answer optiond
Marks: 1
Chapter: 3
7 ____________________ are expenses done for raising funds for running business.
A. Financial expenses
B. Purchases
C. Sales
D. Office administrative expenses
Answer optiona
Marks: 1
Chapter: 5
A ______________ or flexible budget recognized the unreliability of income or sales prediction and makes provision in advanced for variation in production and
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accordance with variations in sales
A. Fixed budget
B. Variable budget
C. Functional budget
D. All of the above
Answer optionb
Marks: 2
Chapter: 5
Consider the following two statements. (1) Preference shares normally offer investors a lower level of risk than loan capital. (2) Preference shares are not norma
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rights. Which ONE of the following combinations relating to the above statements is correct?
A. (1) True (2) True
B. (1) True (2) False
C. (1) False (2) True
D. (1) False (2) False
Answer optionc
Marks: 2
Chapter: 5
10 The Bill of materials provides __________________________.
A. A product structure (tree)
B. List of what is needed for each component, sub-assembly and assembly
C. A and b both
D. None
Answer optionc
Marks: 1
Chapter: 6
11 Whenever a department needs an item, it is officially brought to the notice of the purchasing department by filing a purchase requisition from. The next step is_
A. Exact quantity of material to be purchased and its specification is decided
B. Prepare a list of suppliers who deal with the business of the articles to be purchasing and are reliable
C. Pen the quotations at prescribed time on the prescribed date
D. Prepare a comparative statement of the, terms and conditions mentioned in the quotation and then analyze them
Answer optiona
Marks: 2
Chapter: 6
12 Identify the system, which show the essential elements used in Master Production Schedule as its basis for any material control system.
A. MRP
B. ERP
C. EOQ
D. ABC
Answer optiona
Marks: 2
Chapter: 6
Six-sigma aims at improving processes and producing goods with zero defects and thus helps in improving productivity. (a) DMAIC and (b) DMADV are the tw
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achieve this goal, from the figure and given options select the appropriate last two steps for both the methods.
A. (a) Implement, Control (b) Design, Verify
B. (a) Design, Verify (b) Implement, Control
C. (a) Implement, Verify (b) Design, Control
D. (a) Verify, Implement (b) Design, Control
Answer optiona
Marks: 2
Chapter: 7
14 GATT was superseded by WTO in
A. 1994
B. 1998
C. 2000
D. 2005
Answer optiona
Marks: 1
Chapter: 1
15 The success of any project depends upon-
A. Planning
B. Organizing
C. Directing
D. All of the Above
Answer optiona
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Chapter: 2
16 Planning Means
A. Thinking before doing
B. Thinking after doing
C. Thinking during doing
D. All of the Above
Answer optiona
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Chapter: 2
17 Which is the Smart technique that allows everybody to do the job as per their Skills or Specialization.
A. Division of work
B. Authority & Responsibility
C. Discipline
D. All of the Above
Answer optiona
Marks: 1
Chapter: 2
18 Bata India Limited is a form of -
A. Government Department
B. Public Companies
C. Public Corporations
D. All of the Above
Answer optionb
Marks: 1
Chapter: 3
19 In which of organization the sub-ordinates receive orders from their immediate boss
A. Line organization
B. Line & Staff organization
C. Fanctional Organization
D. Product organization
Answer optiona
Marks: 1
Chapter: 3
20 Allotting right work to the right person means.
A. Delegation of Authority
B. Responsibility
C. Effective Delegation
D. All of the Above
Answer optionc
Marks: 1
Chapter: 3
21 The risk is very high in
A. Partnership
B. Joint stock company
C. Proprietorship
D. All of the Above
Answer optionc
Marks: 2
Chapter: 3
22 According to factory Act which of the following comes under health provision?
A. Fencing of Machinery
B. Cleanliness
C. safety guards
D. None of the above
Answer optionb
Marks: 1
Chapter: 4
23 Which type of capital is used for all the current assets ( Possession or Property)
A. Gross Working Capital
B. Net Working Capital
C. Permenant Working Capital
D. Temporary Working Capital
Answer optiona
Marks: 1
Chapter: 5
24 The Tax which is paid by Individual to the central Government of India is known as
A. Direct Tax
B. Indirect Tax
C. Secrvice Tax
D. Income Tax
Answer optiond
Marks: 2
Chapter: 5
25 The assumption made in EOQ is that
A. Lead time is know & is constant
B. Total cost is constant
C. Primary cost is constant
D. All of the Above
Answer optiona
Marks: 1
Chapter: 6
26 The major advantage of MRP is
A. Frequent Material Shortage
B. Conflicts among employees
C. Minimizing Unnecessary Inventory Investment
D. High Investment in unnecessary Inventory
Answer optionc
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Chapter: 6
27 Sales & Marketing is module of
A. ERP
B. MRP
C. MPR
D. None
Answer optiona
Marks: 2
Chapter: 6
28 The activites that ensures right material at right quantity and right in time belongs to
A. Purchase Department
B. Marketing Department
C. Design Department
D. All of the Above
Answer optiona
Marks: 2
Chapter: 6
29 Objective of quality circle is -
A. To take essential steps so that the defective products should not reach to customers.
B. Take different measures to ensure or improve the quality standard of product.
C. To Imporve quality, Productivity, safety and reduce the cost
D. None of these
Answer optionc
Marks: 1
Chapter: 7
30 Important themes in six sigma are-
A. Discontinuous focus on the customer's requirements
B. Study of variation in the production process and other business processes
C. Discontinuous striving for perfection
D. All of these
Answer optionb
Marks: 1
Chapter: 7
31 Measurement Analysis and Improvement clause of ISO 9001:2000 ……………
A. The organization must take care of the conformity of the product / service.
B. Includes controlling of monitoring and measuring devices in an organization.
C. Covers the overall monitoring, measurement, analysis and improvement of QMS.
D. Covers monitoring of information that depicts the customer satisfaction.
Answer optionc
Marks: 2
Chapter: 7
32 The two types of trade are ___________________ and ____________________.
A. direct, indirect
B. bilateral, multilateral
C. internal, external
D. local, global
Answer optionb
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Chapter: 1
33 Textile industry does not produce ______________.
A. polythene
B. cotton
C. wool
D. jute
Answer optiona
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Chapter: 1
34 Business is the process of providing platform to the people to exhibit their ________________ and _______________ skills.
A. technical, economical
B. thinking, mental
C. technical, managerial
D. All of above
Answer optionc
Marks: 1
Chapter: 1
"Administration is concerned with the determination or planning of corporate policy whereas management is concerned with the execution or implementation o
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the limits set" is stated by _____________________.
A. Oliver Sheldon
B. Henry Fayol
C. F. W. Taylor
D. Peter Drucker
Answer optiona
Marks: 1
Chapter: 2
36 Remuneration of personnel is the principle based on _____________________________ principles.
A. F.W. Taylor
B. Henry Fayol
C. Peter Drucker
D. Mary Follet
Answer optionb
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Chapter: 2
37 Organizing facilitates __________________________________.
A. effective management
B. delegation of authority
C. performance of employees
D. All of above
Answer optiond
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Chapter: 2
38 The objectives of planning is to ____________________________.
A. increase productivity
B. decrease overload of work
C. maintain standards
D. increase productivity, decrease overload of work and maintain standards
Answer optiond
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Chapter: 2
39 Which is the aim of departmentation?
A. To make people specialized
B. To distribute work
C. To give freedom to each function
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
40 Which statement is false about partnership?
A. It is a joint business
B. Business life is depend of partners
C. There is limited liability
D. No transfer of partnership
Answer optionc
Marks: 1
Chapter: 3
41 With________________, the top management can focus on strategic issues for finding new avenues and opportunities.
A. Authority
B. Responsibility
C. Centralisation
D. Decentralisation
Answer optiond
Marks: 1
Chapter: 3
42 The structure of Rubber Department shows the hiearchy level along with their executives. It has which type of Organizational structure?
B. Line and Staff organization
C. Project Organization
D. Functional Organization
Answer optiond
Marks: 2
Chapter: 3
43 A labour welfare officer is appointed in the factory as per factory act when there are minimum ____ workers.
A. 100
B. 300
C. 500
D. 1000
Answer optionc
Marks: 1
Chapter: 4
44 ___is a financial statement that summarized a company’s assets , liabilities and shareholder equity at a specific point in time.
A. Balance sheet
B. Budget
C. Profit and loss
D. Account
Answer optiona
Marks: 2
Chapter: 5
Preparation of budget forecasts the future of the departments and company and due consideration is given on the basis of period, functions and flexibility. Ident
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types of budgets according to their scope of use:
A. (1) Period (2) Capacity (3) Coverage
B. (1) Capacity (2) Period (3) Coverage
C. (1) Period (2) Coverage (3) Capacity
D. (1) Coverage (2) Capacity (3) Period
Answer optiond
Marks: 2
Chapter: 5
46 ____ is a list of component part and sub-assemblies needed to produce the final product.
A. MPS
B. MRP
C. BOM
D. ERP
Answer optionc
Marks: 1
Chapter: 6
47 Objectives of inventory management includes ________________ objectives.
A. financial
B. property protection
C. operational
D. financial, operative and property protection
Answer optiond
Marks: 1
Chapter: 6
48 The important functions of purchase departments are __________________________.
A. preparation of purchasing budget
B. track pending purchase order
C. issue and follow up purchase order
D. preparation of purchase budget, track pending purchase order, issue and follow up purchase order
Answer optiond
Marks: 1
Chapter: 6
49 The master production schedule is a list of:
A. What end products are to be produced?
B. How many of each product is to be produced?
C. When the products shall be ready for shipment?
D. All of the above
Answer optiond
Marks: 2
Chapter: 6
The process or approach as seen in the figure, attempts to consolidate all of a company’s departments and functions into a single computer system that services
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department’s specific needs. Identify the system.
A. MRP
B. MRP-II
C. ERP
D. EOQ
Answer optionc
Marks: 2
Chapter: 6
51 Quality is fitness for _____________.

A. Use
B. Action
C. Product
D. Business
Answer optiona
Marks: 1
Chapter: 7
52 Select the correct functional role of (1) Planning system (2) Standard and process improvement system (3) Monitoring and evaluation system from the given QM
(1) System for ensuring the quality, consistency and continuity of strategies, programs and projects. (2) Mechanism for continous review, enhancement of system. (3)
A. and adjustment mechanisms to ensure efficiency and assurance of results.
(1) Quality control and adjustment mechanisms to ensure efficiency and assurance of results. (2) system for ensuring the quality, consistency and continuity of strat
B. and projects. (3) Mechanism for continous review, enhancement of system.
(1) Quality control and adjustment mechanisms to ensure efficiency and assurance of results. (2) Mechanism for continous review, enhancement of system. (3) System fo
C. quality, consistency and continuity of strategies, programs and projects.
(1) System for ensuring the quality, consistency and continuity of strategies, programs and projects. (2) Quality control and adjustment mechanisms to ensure efficie
D. assurance of results. (3) Mechanism for continous review, enhancement of system.
Answer optiona
Marks: 2
Chapter: 7
53 First nationalisation of 14 banks happened in
A. 1969
B. 1976
C. 1950
D. 1991
Answer optiona
Marks: 1
Chapter: 1
54 Following is not the chemical industry
A. Polymer
B. Petrochemical
C. Paints
D. Sugar
Answer optiond
Marks: 1
Chapter: 1
55 To start with enthusiasm is called as
A. Initiative
B. Dynamism
C. Leadership
D. Management
Answer optiona
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Chapter: 2
56 Employees get energized due to
A. Controlling
B. Planning
C. Motivation
D. Decision- making
Answer optionc
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Chapter: 2
57 Functional organization is also called as
B. Staff organization
C. Project organization
D. None of above
Answer optionb
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Chapter: 3
58 Basic aim of the government sector is
A. Earning profit
B. Earning fame
C. Providing service to society
D. None of above
Answer optionc
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Chapter: 3
59 Highest business secrecy is in
A. Partnership
B. Government sector
C. Proprietorship
D. Co-operative society
Answer optionc
Marks: 1
Chapter: 3
60 Who can be responsible for accident
A. Worker
B. Management
C. Working Conditions
D. All the above
Answer optiond
Marks: 1
Chapter: 4
61 As per factory act, one first aid box is provided for......workers.
A. 100
B. 200
C. 150
D. 250
Answer optionc
Marks: 2
Chapter: 4
62 Budget is the financial plan for
A. Next year
B. Last year
C. Running year
D. None of above
Answer optiona
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Chapter: 5
63 Buffer stock is nothing but
A. New stock
B. Safety stock
C. Confused Inventory
D. Unnecessary stock
Answer optionb
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Chapter: 6
64 Sustain in 5S is
A. Shitsuke
B. Seiri
C. Seiso
D. Seiketsu
Answer optiona
Marks: 1
Chapter: 7
65 HDFC Bank is a ………
A. Public sector bank
B. Private sector bank
C. Foreign bank
D. Co-operative bank
Answer optionb
Marks: 1
Chapter: 1
66 The assignment of each grouping to a manager with the authority necessary to supervise it' , is called as…..
A. Controlling
B. Organising
C. Staffing
D. Planning
Answer optionb
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Chapter: 2
67 Scalar Organisation is also known as
A. Line organisation
B. Project organisation
C. Staff organisation
D. Functional organisation
Answer optiona
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Chapter: 3
68 Highest control of government is there in
A. Government department
B. Public corporation
C. Public company
D. Public Limited company
Answer optiona
Marks: 1
Chapter: 3
Co-ordination in an organisation means: 1. complete control of the activites of the employees 2. To structure harmony among different units of the organisation
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conflict and overlapping in the organization
A. code 1 & 2
B. code 1 & 3
C. code 2 and 3
D. code 1,2 &3
Answer optionc
Marks: 2
Chapter: 3
70 Statement 1- Shareholders are owners of the company. Statement 2 - Debenture holders are creditors of the company.
A. Both 1 and 2 are wrong
B. 1 is correct, 2 is wrong
C. Both 1 and 2 are correct
D. 1 is wrong, 2 is correct
Answer optionc
Marks: 2
Chapter: 5
71 ________ is the collective stock of items which is required for routine functioning of industry
A. Purchase
B. Inventory
C. Tool room
D. Vendor
Answer optionb
Marks: 1
Chapter: 6
72 Ups and Downs in consumption and delivery period are absorbed by _______
A. Buffer stock
B. EOQ
C. Procurement strategy
D. ERP
Answer optiona
Marks: 1
Chapter: 6
73 In purchasing, DGSD belongs to
A. Director General of Supplies and Disposals
B. Defined Goods for Supply and Dispatch
C. Division General of Sales and Distribution
D. Director General of Supply and Distribution
Answer optiona
Marks: 1
Chapter: 6
74 Statement 1- ERP gives transparency. Statement 2- Repetition of work is avoided due to ERP
A. Both 1 and 2 are correct
B. Both 1 and 2 are wrong
C. 1 is correct, 2 is wrong
Answer optiona
Marks: 2
Chapter: 6
75 ERP software provides:
A. A system to capture and make data available in real time
B. A capacity to assess the feasibility of a proposed plan
C. A set of tools for planning and monitoring processes to achieve goals of the organisation
D. Option a & c
Answer optiond
Marks: 2
Chapter: 6
76 Traders make profit in form of ...............................
A. laons
B. commissions
C. shares
D. None of above
Answer optionb
Marks: 1
Chapter: 1
77 …………... and ……………….are produced in largest quantity in chemical industry.
A. soda and soap
B. cosmetics and paper
C. polymers and plastics
D. soaps and detergents
Answer optionc
Marks: 1
Chapter: 1
78 Insurance company is categorized as
A. Life Insurance
B. General Insurance
C. All of above
D. None of above
Answer optionc
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Chapter: 1
79 Scalar chain is the ............................, which runs from top level to the lower level in the organization.
A. line of authority
B. plane of authority
C. path of authority
D. authority
Answer optiona
Marks: 1
Chapter: 2
80 SMART stand for ..........................................................
A. specific, measurable, achievable, realistic, timely
B. specific, measurable, accountable, realistic, timely
C. specific, moveable, achievable, realistic, timely
D. specific, moveable, accountable, realistic, timely
Answer optiona
Marks: 1
Chapter: 2
81 Which is not the type of the joint stock company?
A. Public sector
B. Public limited company
C. Private limited company
D. None
Answer optiona
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Chapter: 3
82 Biotechnology Information System, Network department of Consumer Affairs, and Department of Education etc, are which types of companies?
A. Government departments
B. Public companies
C. Public corporations
D. All of the above
Answer optiona
Marks: 1
Chapter: 3
83 Public deposit is the source of finance for ............................
A. Joint stock company
B. Cooperative society
C. Partnership
D. Proprietorship
Answer optiona
Marks: 2
Chapter: 3
84 If the factory employs more than 500 workers, it should appoint a qualified______________ to carry out the prescribed duties.
A. safety officer
B. welfare officer
C. security officer
D. none of these
Answer optionb
Marks: 1
Chapter: 4
85 ……………………..represents the quantities of the materials to be purchased and the estimated costs of the material
A. Sales budget
B. Production budget
C. Purchase budget
D. Materials budget
Answer optionc
Marks: 1
Chapter: 5
86 Which is the objective of financial management?
A. Profit maximization
B. Wealth maximization
C. To ensure regular and adequate supply of funds
D. All of above
Answer optiond
Marks: 1
Chapter: 5
87 Tax includes the current tax as well as _______tax.
A. income
B. expenses
C. excise
D. deferred
Answer optiond
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Chapter: 5
88 The table shows the income tax rates for an individual -
A. Below 60 years
B. Between 60 years to 80 years
C. Above 80 years
D. For all ages
Answer optionb
Marks: 2
Chapter: 5
89 ……………………... is a planning technic that calculates material requirement and schedule supply to meet changing demand across all product and parts
A. TQM
B. ISO
C. MRP
D. QA
Answer optionc
Marks: 1
Chapter: 6
90 Procurement costs consists of cost of .............................
A. cost of receiving quotations
B. cost of processing quotation and issuing purchase order
C. cost of following up and expediting purchase order
D. receiving, processing quotations, issuing and expediting purchase order
Answer optiond
Marks: 1
Chapter: 6
91 Excess inventory needs ___________.
A. more funds
B. less funds
C. less space
D. more space
Answer optiona
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Chapter: 6
92 .............................. function can be defined as procuring different types of material for an organization from different sources
A. Purchasing
B. Procurement
C. Planning
D. Processing
Answer optiona
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Chapter: 6
93 Packing cost means ...............................
A. cost of packing of goods
B. cost to be paid to customer
C. cost required for movement of material
D. inspection cost
Answer optiona
Marks: 2
Chapter: 6
94 In this Stock control chart, label the maximum stock level and minimum stock level –
A. (a) Minimum stock level (b) Maximum stock level
B. (a) Minimum stock level (c) Maximum stock level
C. (b) Minimum stock level (c) Maximum stock level
D. (b) Maximum stock level (c) Minimum stock level
Answer optiona
Marks: 2
Chapter: 6
95 Which one of the following is application of Six sigma?
A. Identify way to increase production capacities of present equipment
B. Increase the cycle time for hiring and training new employees in organization
C. Maximum quality or delivery problems with suppliers

D. None of these
Answer optiona
Marks: 1
Chapter: 7
96 Which one of the following is a requirment for conformance?
A. Quantity
B. Finance
C. HRD
D. Quality
Answer optiond
Marks: 1
Chapter: 7
Which of the following statements outline the relationship factor? (a) ISO 9000 and total quality are not in competition (b) ISO 9000 and total quality are not in
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(c) ISO 9000 and total quality are compatible (d) ISO 9000 and total quality are in competition
A. (a), (b), (c)
B. (b), (c), (d)
C. (a), (b), (d)
D. (a), (c), (d)
Answer optiona
Marks: 2
Chapter: 7
98 Following is the fastest growing sector in india now a days
A. Agriculture
B. Fishing
C. Service
D. Manufacturing
Answer optionc
Marks: 1
Chapter: 1
99 All export and imports activities are governed by
A. Foreign trade policy
B. fiscal policy
C. global policy
D. trade and business policy
Answer optiona
Marks: 1
Chapter: 1
100 Following bank is working for agriculture field
A. ICICI
B. Allhabad
C. NABARD
D. AgroB
Answer optionc
Marks: 1
Chapter: 1
101 Food, Water, Shelter are _______________ needs
A. Physiological
B. Esteem
C. Social
D. Safety
Answer optiona
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Chapter: 2
102 Line organisation is of ------- type
A. Horizontal
B. Vertical
C. Both
D. None
Answer optionb
Marks: 1
Chapter: 3
103 Decision are quick in
B. Functional organisation
C. Line and staff organisation
D. combined type
Answer optiona
Marks: 1
Chapter: 3
104 Maximum shareholders in public limited company are ------------
A. 50
B. 10
C. 7
D. No limit
Answer optiond
Marks: 2
Chapter: 3
105 Which is not included in the ' causes of accidents' due to nature
A. Floods
B. Gas leakage
C. Heavy rains
D. Temparature strokes
Answer optionb
Marks: 1
Chapter: 4
106 Minimum wages which are fixed are declared by government through
A. Newspaper
B. Magazine
C. Official gazatte
D. All
Answer optionc
Marks: 2
Chapter: 4
107 ________is the effective procurement of funds and their effective utilisation.
A. Accounts
B. Commerce
C. Finance
D. None
Answer optionc
Marks: 1
Chapter: 5
108 Flexibility is zero in

A. Fixed budget
B. Production budget
C. Labour budget
D. Cash budget
Answer optiona
Marks: 1
Chapter: 5
109 Statement 1- Excise is a direct tax,Statement 2-Excise is a commodity tax
B. 1 is wrong,2 is correct
C. 1 is correct,2 is wrong
D. Both 1 and 2 are correct
Answer optionb
Marks: 2
Chapter: 5
110 Which is the function of inventory?
A. Ensures availability of material
B. Proper purchasing guidelines
C. Preventing stock out
D. All of above
Answer optiond
Marks: 1
Chapter: 6
111 Procurement of C type of items,should be done
A. Frequently
B. In immediate schedule
C. Infrequently
D. None
Answer optionc
Marks: 1
Chapter: 6
112 Annual consumption of the item is represented by______in EOQ.
A. A
B. AC
C. S
D. None
Answer optionc
Marks: 1
Chapter: 6
113 The logic of_____is based on the principle of dependent demand.
A. MRP
B. MRP II
C. ERP
D. SAP
Answer optiona
Marks: 2
Chapter: 6
114 Which element is at the top of the Quality Circle
A. Steering committee
B. Circle leader
C. Circle member
D. Facilitator
Answer optiona
Marks: 1
Chapter: 7
115 Objective of quality control is
A. To decide the quality standard
B. To check the quality deviations
C. Both are correct
D. Both are wrong
Answer optionc
Marks: 2
Chapter: 7
116 ----------------------------is not an environmental cause of an accident.
A. extreme temperature
B. extreme lethargy
C. insufficient illumination
D. high humidity
Answer optionb
Marks: 1
Chapter: 4
117 Dependent of a deceased employee does not include:
A. his widow
B. major son
C. widowed mother
D. unmarried daughter
Answer optionb
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Chapter: 4
118 types of jiont stock companies
A. private ltd jiont stock company
B. public ltd joint stock company
C. both 1 and 2
D. none
Answer optionc
Marks: 2
Chapter: 3
119 ---------------------------- can be defined as running business by the single person
A. propertiership
B. partnership
C. private ltd
D. public ltd
Answer optiona
Marks: 1
Chapter: 3
120 advantages of line and staff organisation
A. improved product quality
B. duties are clear to each person
C. system function smootly
D. all of the above
Answer optiond
Marks: 1
Chapter: 3
121 ----------------------------is one of the simplest types of organizations
A. line organisation
B. line and staff
C. functional
D. all of the above
Answer optiona
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Chapter: 3
122 elements of organisation are
A. set of define objective
B. well organised group of people
C. proper dividion of work and labour
D. all of the above
Answer optiond
Marks: 1
Chapter: 3
123 ---------------------- activites includes communication among the different department which are dependet upon each other
A. controlling
B. movtivating
C. coordinating
D. diecision making
Answer optionc
Marks: 2
Chapter: 2
124 henry fayol proposed ---------------------- no of principles of management
A. 10
B. 20
C. 14
D. 30
Answer optionc
Marks: 1
Chapter: 2
125 --------------------------- results into better output in terms of work
A. Division of work
B. authority and responsibity
C. discipline
D. all of the above
Answer optiona
Marks: 1
Chapter: 2
126 management functions are as ______________________
A. planning
B. organisaing
C. directing
D. all of the above
Answer optiond
Marks: 1
Chapter: 2
127 --------------------------- is recruitment of right people right place in an organisation
A. planning
B. organising
C. staffing
D. controlling
Answer optionc
Marks: 1
Chapter: 2
128 major functions of insurance comapny ---------------------
A. to provide certianty
B. to provie protection
C. share risk
D. all of the above
Answer optiond
Marks: 1
Chapter: 1
129 --------------------------is backbone of indian economy
A. IT
B. textile
C. banking
D. 1 and 3
Answer optionc
Marks: 1
Chapter: 1
130 ------------------------ is a person who has completed the 18 yrs
A. Adult
B. Adoloscent
C. Child
D. Young person
Answer optiona
Marks: 1
Chapter: 4
131 Which of the following qualifies as a health provision ?
A. fencing of machinery
B. cleanliness
C. washing facilities
D. none of the above
Answer optionb
Marks: 1
Chapter: 4
132 A--------------------- is an instrument of management used as an aid in the planning programming and control of business activity
A. finanace
B. capital
C. budget
D. VAT
Answer optionc
Marks: 1
Chapter: 5
133 production budget is based upon
A. sales budget
B. factory capicity
C. budget stock requirement
D. all of the above

Answer optiond
Marks: 2
Chapter: 5
134 _______________________ is a comsption tax which is leveied at each stage of production based on valve added to the producty at that stages
A. finanace
B. capital
C. budget
D. VAT
Answer optiond
Marks: 2
Chapter: 5
135 what function are involved in material management
A. planning
B. warehousing
C. storage manageemnt
D. all of the above
Answer optiond
Marks: 1
Chapter: 6
136 Advantage of Quality control is_______
A. Inspection costs are reduced
B. Consistency in quality can be achieved
C. Huge improvement in productivity
D. Only a and b
Answer optiond
Marks: 1
Chapter: 7
137 Systemize means
A. Cleaning
B. Organization
C. Neatness
D. Standardization
Answer optionc
Marks: 1
Chapter: 7
138 Fixed capital is the capital invested in assets over:
A. A short period
B. One year period
C. A long period
D. None of these
Answer optiond
Marks: 1
Chapter: 5
139 Which one of the following is contributory cause of an accident?
A. Improper material handeling
B. Poor housekeeping
C. Protruding object
D. Tendency of show off
Answer optiond
Marks: 1
Chapter: 4
140 An adult as per Factories act, 1948 an adult is a person with age:
A. More than 18 years
B. Less than 18 years
C. More than 21 years
D. More than 15 years
Answer optiona
Marks: 1
Chapter: 4
141 In functional organisation activities are grouped by____function.
A. Common
B. Separate
C. Grouped
D. Special
Answer optiona
Marks: 1
Chapter: 3
142 Which of the following is not an element of communication process?
A. Feedback
B. Noise
C. Span
D. Message
Answer optionc
Marks: 2
Chapter: 3
143 In a joint stock company loans are repaid by the______________.
A. Members
B. Promoters
C. Company
D. None of these.
Answer optionc
Marks: 2
Chapter: 3
144 _______ does not belong to Henry Fayol's 14 principles of management?
A. Standardisation
B. Scalar chain
C. Authority
D. Discipline
Answer optiona
Marks: 2
Chapter: 2
145 Who is not a middle level manager?
A. General Manager
B. Production Manager
C. Section head
D. Marketing manager
Answer optiona
Marks: 1
Chapter: 2
146 Which type of industries involve largest investment?
A. Small scale industries
B. Large scale industries

C. Village industries
D. Sugar industries
Answer optionb
Marks: 1
Chapter: 1
147 Which one of these is the largest segment in Indian industry?
A. Textile Industry
B. Banking Industry
C. Chemical Industry
D. Engineering Industry
Answer optiond
Marks: 1
Chapter: 1
148 A sales budget is the basis for preparation of a ________________
A. Master budget
B. Materials budget
C. Cash budget
D. None of these
Answer optiond
Marks: 2
Chapter: 5
149 Which one of the following taxes is not charged by the state government?
A. Income tax
B. Land revenue
C. Luxury tax
D. Taxes on properties
Answer optiona
Marks: 2
Chapter: 5
150 The___ provides the information about when to order and how much to order.
A. MRP
B. ERP
C. Inventory
D. None of these.
Answer optiona
Marks: 1
Chapter: 6
151 which one of the following is not a benefit of MRP?
A. Saves time
B. Saves cost
C. Gives production schedule
D. All of these
Answer optiond
Marks: 2
Chapter: 6
152 _____ is an activity of quality assurance.
A. Process control
B. Performance testing
C. Reliability testing
D. All of these
Answer optiond
Marks: 1
Chapter: 7
153 Suppose a business requires 1000 units of a particular items. Which one of the following can provide the number of units to be purchased each time?
A. ERP
B. ABC analysis
C. ISO 9001
D. EOQ
Answer optiond
Marks: 2
Chapter: 7
154 Mechanism that allows trade is called as
A. Government
B. Industry
C. Market
D. Finance department
Answer optionc
Marks: 1
Chapter: 1
155 Globalisation has pose major challenges for
A. Big producers
B. Small producers
C. rural Producers
D. none of above
Answer optionb
Marks: 1
Chapter: 1
156 What is management
A. It is science
B. It is an Art
C. Both (a) and (b) are wrong
D. Both (a) and (b) are correct
Answer optiond
Marks: 1
Chapter: 2
157 Work on correct track with correct speed is possiable by
A. Controlling
B. Directing
C. Organising
D. Planing
Answer optiona
Marks: 1
Chapter: 2
158 Maximum security of job is in
A. Public Sector
B. Co-operative
C. Partnership
D. joint stock
Answer optiona
Marks: 1
Chapter: 3
159 Which of the following is/are the key features of organization

A. Social Inventions
B. Gropu Efforts
C. Accomplishing goals
D. All of these
Answer optiond
Marks: 1
Chapter: 3
Mr. Sunil’s one-day salary was deducted because of his uninformed leave, as he was already warned about this behaviour. It is an example of which method of sh
160
behaviours?
A. Reinforcement
B. Negative Reinforcement
C. Punishment
D. Positive Reinforcement
Answer optionc
Marks: 1
Chapter: 3
161 Ability to adjust , change , bend is _________________
A. Ability
B. Stability
C. Flexibility
D. Balance
Answer optionc
Marks: 2
Chapter: 3
162 ___________ is a financial statement that summarizes a companys assests , liabilities and shareholders equity at a specfifc point in time
A. Balance sheet
B. Budget
C. Account
D. Profit and loss statement
Answer optiona
Marks: 2
Chapter: 5
Identify important constituents of Total Quality Management from Following - i) Orderliness and Cleanliness ii) Punctuality and Continuous efforts iii)Custome
163
Standardization of work
A. Only i and ii
B. Only i
C. Only ii
D. i, ii, iii, and iv
Answer optiond
Marks: 2
Chapter: 5
164 In a car assembly factory the high value items like engine is given rating of…………..
A. Item A
B. Item B
C. Item C
D. None of abovess
Answer optiona
Marks: 1
Chapter: 6
165 ………….. Of ERP steamlines Procurement of Required raw materials
A. Financial Module
B. Human Resource Module

C. Purchasing Module
D. Production Module
Answer optionc
Marks: 1
Chapter: 6
166 Which of the following is not benefit of MRP?
A. Reducied inventory cost
B. Improved customer service
C. Improved Quality
D. Reduced Purchesing cost
Answer optionc
Marks: 1
Chapter: 6
167 The Modern Technique of Material Management is……..
A. ISO
B. MRP
C. TQM
D. EOQ
Answer optionb
Marks: 2
Chapter: 6
168 Which of the following is Not advantage of ABC Analysis
A. The system is easy to understand
B. It does not take into account seasonal varitations of cost
C. Stores personnels time can be utilized in a better manner
D. All
Answer optionb
Marks: 2
Chapter: 6
169 Kaizen is a Japanese technique. Kaizen word is formed from two characters KAI and ZEN in which
A. KAI means change & ZEN means good
B. KAI means good & ZEN means change
C. KAI means good & ZEN means GURU
Answer optiona
Marks: 1
Chapter: 7
170 Quality Management components are
A. Quality Planning
B. Quality Control
C. a & b
D. None
Answer optionc
Marks: 1
Chapter: 7
171 The Example of Indirect Tax is
A. Wealth Tax
B. Flat tax
C. Income tax
D. Excise Tax
Answer optiona
Marks: 2
Chapter: 5
172 The Function of material management is
A. Material Planning
B. Material Marketing
C. Material Sales
D. All of the Above
Answer optiona
Marks: 1
Chapter: 6
173 Which is the correct assumption in EOQ
A. Total Cost
B. Lead time is known & constant
C. Primary Cost
Answer optionb
Marks: 1
Chapter: 6
174 Forecasting of resources, expenses & revenues is over a specified future period
A. Shares
B. Taxes
C. Debenture
D. Budget
Answer optiond
Marks: 1
Chapter: 5
175 Procurement,Fund allocation and control of finicial resources is concerned with.
A. Personal Management
B. Material Management
C. Operation Managenent
D. Financial Managment
Answer optiond
Marks: 1
Chapter: 5
176 Which type of capital is Requred for business operation.
A. Fixed capital
B. Working capital
C. Both (a) & (b)
D. None of abvoe
Answer optionc
Marks: 1
Chapter: 5
177 At which place line organization is not possible
A. Small workshops
B. Military department
C. Government company
D. Tiny firms
Answer optionc
Marks: 2
Chapter: 3
178 Which is the first step in effective delegation ?

A. Establishing responsibility
B. Training
C. Goals establishment
D. Ego of speciality
Answer optionc
Marks: 1
Chapter: 3
179 Which is not the limitation of public sector
A. Political interference
B. Decision making is slow
C. Less productivity
D. Unlimited liability
Answer optiond
Marks: 1
Chapter: 3
180 Providing correct way of working is
A. Controlling
B. Organising
C. Directing
D. Planning
Answer optionc
Marks: 1
Chapter: 2
181 Position, designation, seniority defines
A. Scaler chain
B. Initiative
C. Authority
D. Centralization
Answer optionc
Marks: 1
Chapter: 2
182 In which type of industry fiber is converted into yarn,then fabric
A. Chemical
B. Health care
C. Process
D. Textiles
Answer optiond
Marks: 1
Chapter: 1
183 Which of the mentioned option is related to goal to reduce the number of defects to as low as 3.4 parts per million.
A. Five -S ( 5S)
B. Departmentation
C. 6- Sigma
D. ERP
Answer optionc
Marks: 1
Chapter: 7
184 Which statement is wrong?
A. Proper planning helps in motivating
B. Planning reduces risk
Planning is thinking after failures

C.
D. Planning improves the processes
Answer optionc
Marks: 1
Chapter: 2
185 Documentation is less in
A. Proprietorship
B. Partnership
C. Joint stock company
D. Co-operative society
Answer optiona
Marks: 1
Chapter: 3
186 Service tax is exempted to
A. Suppliers to SEZ
B. Export services
C. Services with small turnover
D. All the above
Answer optiond
Marks: 1
Chapter: 5
187 Equity share financing is
A. Permanent source of funds
B. Temporary source of funds
C. Both
D. None
Answer optiona
Marks: 1
Chapter: 5
188 1.Span of control 2.stability 3.flexibility 4.Delegation match these facts with following a.work adjustment b.tolerate loss c. allocation d.reporting of subordinates
A. 1 and b ,2 and d,3 and a,4 and c
B. 1 and c,2 and b,3 and d,4 and a
C. 1 and a,2 and b,3 and c, 4and d
D. 1 and d,2 and b,3 and a,4 and c
Answer optiond
Marks: 2
Chapter: 3
189 Reporting structure is complicated in
A. Line Organization
B. Project Organization
C. Functional Organization
D. Line and staff organization
Answer optionc
Marks: 1
Chapter: 3
190 Line Organization is also called as
A. Military
B. Scalar
C. Automated
D. Both a and b
Answer optiond
Marks: 1
Chapter: 3
191 The base of success of any project of an organization is its
A. Planning
B. Organizing
C. Directing
D. all of above
Answer optiona
Marks: 1
Chapter: 2
192 The blend of kindness and justice in an organization is
A. Equity
B. Scalar chain
C. order
D. unity of command
Answer optiona
Marks: 1
Chapter: 2
193 ………... is important not only for the individuals but also for an organization too.
A. Division of work
B. Authority
C. Discipline
D. all of above
Answer optionc
Marks: 1
Chapter: 2
194 …………. has allowed companies to increase their base of operation
A. Liberalization
B. Globalization
C. Privatization
D. all of above
Answer optionb
Marks: 1
Chapter: 1
195 14 Principles of Management is contributed by
A. Henry Fayol
B. F W taylor
C. P F ducker
D. H Koontz
Answer optiona
Marks: 1
Chapter: 2
196 The segment which is known as economy's goods producing segment
A. trading sector
B. allied sector
C. industrial sector
D. business sector
Answer optionc
Marks: 1
Chapter: 1
197 Legally _____ are not allowed but still they may exist with the consent of other partners
A. sleeping partner
B. secret partner
C. partner at will
D. none of above
Answer optiond
Marks: 2
Chapter: 3
198 Which one of the following is a cause of accident due to unsafe working conditions ?
A. earthquakes
B. oily floors
C. daydreaming
D. all of above
Answer optionb
Marks: 1
Chapter: 4
199 ……………..is a universal lubricant which keeps enterprise dynamic.
A. Finance
B. capital
C. budget
D. VAT
Answer optionb
Marks: 1
Chapter: 5
200 ……………...capital includes long term decisions.
A. Fixed
B. Working
C. block
D. both a and c
Answer optiond
Marks: 1
Chapter: 5
201 Under sectioon 17 on the Income tax act 1961 _____ and ________ comes under heads of salry for which Income tax is applicable.
A. salary and wages
B. salary and gartuity
C. allowance and pensions
D. none of above
Answer optiond
Marks: 2
Chapter: 5
202 A ______ is an instrument of _________ used as an aid in planning,programming and control of business activity.
A. budget and management
B. capital and distribution
C. management and resources
D. resources and management
Answer optiona
Marks: 2
Chapter: 5
203 Find the odd man out
A. kaizen
B. Six Sigma
C. 5's'
D. C's'
Answer optiond
Marks: 1
Chapter: 7
Match the following options l) ISO 9000-2000 i) Quality management system guidelines m) ISO 9001-2000 ii) Quality management system vocabulary n) ISO900
204
Quality management system requirements
A. l-i. M-iii, n-ii
B. l-ii,m-iii, n-i
C. l-iii. M-i, n-ii
D. l-i. M-ii, n-iii
Answer optionb
Marks: 2
Chapter: 7
205 Service industry is ---------Sector in Economy
A. Primary
B. Secondary
C. Basic
D. Tertiary
Answer optiond
Marks: 1
Chapter: 1
206 when many functions are controlled by a central Authority, It is called as
A. Authority
B. Management
C. Discipline
D. Centralisation
Answer optiond
Marks: 1
Chapter: 2
207 Which is not the technique for effecting decision making in core company
A. Linear Programme
B. Simulation
C. Out sourcing
D. Dynamic Programming
Answer optionc
Marks: 2
Chapter: 2
208 Which is not limitation of cooperative society
A. Political interference is more
B. Professionalism is very poor
C. Decision –Making is slow
D. Government support is less
Answer optiond
Marks: 1
Chapter: 3
209 Minimum Members in Private limited company are
A. 2
B. 5
C. 10
D. 20
Answer optiona
Marks: 1
Chapter: 3
210 One Ambulance room should be provided in a factory employ more than ----workers
A. 200
B. 300
C. 400
D. 500
Answer optionb
Marks: 2
Chapter: 4
211 Zero based budgeting is based on
A. Flexibility
B. Function
C. Mechanism
D. None
Answer optionc
Marks: 1
Chapter: 5
212 PO in materials management means
A. Placement officer
B. Post Office
C. Purchase order
D. None
Answer optionc
Marks: 1
Chapter: 6
213 Which is the input to MRP
A. On hand Inventory
B. Bill of Material
C. both
D. None
Answer optionc
Marks: 1
Chapter: 6
214 QMS means
A. Quality Management System
B. Quality Measurement System
C. Quality of Measured Standards
D. None
Answer optiona
Marks: 1
Chapter: 7
215 Which is not included in 5S
A. Sort
B. solve
C. Shine
D. Sustain
Answer optionb
Marks: 1
Chapter: 7
216 The process to produce an effective QMS requires

A. Top management support
B. Aggressive implementation of quality policy
C. Clear presentation of quality policy
D. All
Answer optiond
Marks: 2
Chapter: 7
217 Following is not a agro industry
A. Sugar
B. Poultry
C. Paper
D. Jute
Answer optionc
Marks: 1
Chapter: 1
218 The quality of product made for Liberalization and Globalization
A. ISO-2001
B. ISO-2000
C. ISO-9010
D. ISO-9000
Answer optiond
Marks: 1
Chapter: 1
219 Decision making occurs as a reaction to a
A. Argument
B. Problem
C. Perception
D. Expectation
Answer optionb
Marks: 1
Chapter: 2
220 _________Check the result, __________Shows the result
A. Authority, Responsibility
B. Responsibility,Authority
C. Authority,authority
D. Responsibility,Responsibility
Answer optiona
Marks: 1
Chapter: 2
221 The followings are invoved in Middle level of management
A. Board of Directors
B. Clerks
C. Workers
D. Branch Managers
Answer optiond
Marks: 2
Chapter: 2
222 Demerit of Line organisation / Scalar organisation is
A. High level of discipline
B. Lack of specialisation
C. Decisions are quick

D. Easy to understand
Answer optionb
Marks: 1
Chapter: 3
223 The downward flow of Authority is termed as
A. Responsibility
B. Delegation
C. Division of Authority
D. Authority & Responsility
Answer optionb
Marks: 1
Chapter: 3
224 Calendar year as per the Factory Act is
A. 1st April to 30th March
B. 1st January to 31st December
C. 1st July to 30th June
D. None of these
Answer optionb
Marks: 1
Chapter: 4
225 In which act "The aims to provide fair Wages to employed persons"
A. Indian Factory Act
B. Workmans Compensation Act
C. Insurance Act
D. None of these
Answer optiond
Marks: 2
Chapter: 4
226 Which one is the advantage of ERP ?
A. It is time consuming
B. The cost is high
C. Exhaustive training of users is required
D. Duplication of work, repetition of work is avoided
Answer optiond
Marks: 1
Chapter: 6
227 Procurement cost per order includes
A. Cost of calling quotation
B. Cost of inspection
C. Cost for receiving materials
D. All
Answer optiond
Marks: 1
Chapter: 6
228 In graphical method of EOQ , the cost which is represented as straight inclined line is
A. Total Cost
B. Inventory carrying cost
C. Procurement cost
D. None of these
Answer optionb
Marks: 1
Chapter: 6
229 Which is the first step in doing ABC Analysis ?
A. Perparing the list of all items
B. Deciding the policies
C. Arranging items in descening order
D. Determining unit price
Answer optiona
Marks: 1
Chapter: 6
230 The safety stock of an inventory item is 100. The supply lead-time is two weeks and the average weekly demand is 100 units. Which one is the re-order level?
A. 100
B. 300
C. 200
D. 400
Answer optionb
Marks: 2
Chapter: 6
231 Which is the main clause in ISO 9001:2000 ?
A. Management responsibility
B. Resource management
C. Producy realisation
D. All
Answer optiond
Marks: 1
Chapter: 7
232 The foudation of Kaizen, consists of
A. Quality circles
B. Teamwork
C. Both A & B
D. None
Answer optionc
Marks: 1
Chapter: 7
233 Which is not the stage in 6 sigma
A. Standardisation
B. Characterization
C. Identification
D. Optimization
Answer optiona
Marks: 1
Chapter: 7
234 The functions of top level management are
A. Defining goal of an organization or business
B. Defining mission and vision
C. Making different long term policies for an organization
D. All of above
Answer optiond
Marks: 1
Chapter: 2
235 Insurance companies are growing at the annual compound rate of
A. 1%
B. 15% - 20%
C. 0%
D. 30% - 40%
Answer optionb
Marks: 1
Chapter: 1
236 Applications of Line organization
A. Small businesses
B. Military
C. Automated industries like textile
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
237 …… allows executive to give opportunity to his subordinate to think,make work related decision, and get developed
A. Delegation of authority
B. Responsibility
D. All of the above
Answer optionc
Marks: 2
Chapter: 3
238 Accidents because of management are:
A. Mental distractions
B. Lack of training to workers
C. Equipments for safety are not provided
D. Both (B) and (C)
Answer optiond
Marks: 1
Chapter: 4
239 Working capital is not required for
A. Payment of light and telephone bills, water charges, municipality bills etc
B. Advertisement and selling expenses
C. Payment of insurance, rent
D. Furniture
Answer optiond
Marks: 1
Chapter: 5
240 ………indicates the total sales in the year, when goods sold are returned are referred as sales return
A. Opening stock
B. Purchases
C. Sales
Answer optionc
Marks: 2
Chapter: 5
241 …….is a form of indirect tax imposed on specified services called "taxable services"
A. Direct Tax
B. Indirect Tax
C. Service tax
D. Income tax
Answer optionc
Marks: 2
Chapter: 5
242 The major purpose of MRP
A. Components and required raw material are available in right quantities at right time
B. Material resource planning is all about management of resources required for production
C. Both ( a ) and ( b )
D. None
Answer optiona
Marks: 1
Chapter: 6
243 …..is a list of component parts and sub-assemblies needed to produce the final product
A. MPS
B. MRP
C. BOM
D. ERP
Answer optionc
Marks: 2
Chapter: 6
244 In ABC temof inventory control, the material is divided in A,B and C categories on the basis of
A. Material quantity
B. Consumption value of material
C. Re-order levelof each material
D. Maximum level of material
Answer optionb
Marks: 2
Chapter: 6
245 Advantage of quality management is
A. It ensures the reliability
B. Inspection costs are reduced
C. Consistency in quality can be achieved
D. None of these
Answer optiona
Marks: 1
Chapter: 7
246 Benefit of QMS is
A. There is uninterruptible consistency in quality of products and services
B. Quality increases the productivity and profitability in long term
C. Custer becomes loyal to that organization
D. All of the above
Answer optiona
Marks: 1
Chapter: 7
247 Responsibility, Authority clause of ISO 9001:2000
A. Includes planing of the QMS for meeting the requirements of the standard and quality objectives
B. This clause covers defining of responsibility and authorities and its communication to everyone within an organization
C. Top management must make it sure that customer requirements are known and they are met with an objective of continuously increasing customer satisfaction
D. None of these
Answer optionb
Marks: 1
Chapter: 7
248 Which is included under fixed capital
A. Plant set-up
B. Water supply
C. Land
D. All
Answer optiond
Marks: 1
Chapter: 5
249 Which of the following provisions are included in Factory Act ?
A. Health and safety employee
B. working hours
C. welfare of employee
D. All of the above
Answer optiond
Marks: 2
Chapter: 4
250 Types of accidents are :
A. Minor
B. Serious
C. Fatal
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
251 __________ is an activity which defines the steps of how and when work will be done effectively and efficiently.
A. Planning
B. Organizing
C. Staffing
D. Controlling
Answer optiona
Marks: 1
Chapter: 2
252 ----- is also called as commerce
A. Trade
B. Service
C. Manufacturing
D. Economics
Answer optiona
Marks: 1
Chapter: 1
253 Functions of financial management
A. Allocation of funds
B. Investment of funds
C. Disposal of surplus
D. All of the Above
Answer optiond
Marks: 1
Chapter: 5
254 Following service is not under service tax
A. Courier
B. Telephone
C. Banking
D. Export services
Answer optiond
Marks: 2
Chapter: 5
255 Which is the function involved in materials management?
A. Purchasing
B. Storing
C. Distributing
D. All
Answer optiond
Marks: 1
Chapter: 6
256 What is the pattern of care for A type of items?
A. More attention
B. Average attention
C. Less attention
D. No defined way of attention
Answer optiona
Marks: 1
Chapter: 6
257 Quality circle is a brain child of
A. Fayol
B. Ishikawa
C. Juran
D. Lee Tsing
Answer optionb
Marks: 1
Chapter: 7
258 The most important objective of TQM is
A. By selling product
B. Customer satisfaction
C. Reduce the cost of the services
D. All of these
Answer optionb
Marks: 2
Chapter: 7
259 Each manager is a highly qualified specialist in a ------- organization.
A. Line Organistion
B. Staff Organization
C. Functional Organisation
D. Matrix Organization
Answer optionc
Marks: 2
Chapter: 3
260 Which of the following type of business organization is owned by its customers?
A. A Partnership
B. A Public Limited Company
C. A Retail Cooperative
D. A Franchise
Answer optionb
Marks: 1
Chapter: 3
261 All the following are characteristics of the sole proprietorships except
A. There is a single owner
B. Profit are taxed twice
C. Liability is unlimited
D. They are the most numerous type of business
Answer optionb
Marks: 1
Chapter: 3
262 Determine how tasks is to be grouped is part of which management function?
A. Planning
B. Controlling
C. Leading
D. Organizing
Answer optiond
Marks: 1
Chapter: 2
263 Who defined management as "the art of knowing exactly what you want men to do and then see that they do it in the best & cheapest way"?
A. Henry Feyol
B. F.W.Taylor
C. Mary Parker Follet
D. Juran
Answer optionb
Marks: 1
Chapter: 2
264 The transfer of ownership of state property into the hands of the private individuals by the sale of state assets through auction is------------
A. privatization
B. Liberlization
C. Globalization
D. Domestication
Answer optiona
Marks: 1
Chapter: 1
265 The purpose of retail business is to ….
A. Go for partnership
B. Make maximum promotion
C. Offer products and services
D. Create employment
Answer optionc
Marks: 1
Chapter: 1
266 A valid definition of a business purpose is to _______.
A. create a customer
B. maximize profits
C. serve the society
D. increase the wealth in the firm
Answer optiona
Marks: 1
Chapter: 1
267 Following are the advantages of Globalization, except

A. Increased International Cooperation
B. Better Assess to external financing
C. Huge amount of foreign investment
D. Increased Competetion
Answer optiond
Marks: 1
Chapter: 1
268 Which of the following is a characteristic of a Public sector organization?
A. Private Ownership
B. Primary Profit making Motive
C. Strict Financial Control by Government
Answer optionc
Marks: 2
Chapter: 3
269 Which act provides for Health safety Welfare of workers?
A. Apprenticeship Act 1961
B. Factories Act 1948
C. Employees Compensation Act 1923
D. All of the above
Answer optionb
Marks: 1
Chapter: 4
270 Workplace related injuries, illnesses and deaths impose costs upon?
A. Employers
B. Employee
C. Community
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
271 What is the minimum number of workers required in a Factory for the mandatory appointment of safety officer?
A. More than 100
B. More than 500
C. Less than 750
D. More than 1000
Answer optiond
Marks: 1
Chapter: 4
272 Which is the odd statement about objectives of Financial Management?
A. To conduct Market and Sales survey
B. To integrate overall Finanacial Programme
C. To conduct sound investment policies
D. To help in designing capital structure
Answer optiona
Marks: 1
Chapter: 5
273 Capital budgeting is related to
A. Long Term Assets
B. Short Term Assets
C. Working Capital
D. Fixed Assets
Answer optiona
Marks: 1
Chapter: 5
274 The difference between Fixed cost & Variable cost assumes significance in preparation of the following budget-----------
A. Master Budget
B. Flexible Budget
C. Cash Budget
D. Capital Budget
Answer optionb
Marks: 1
Chapter: 5
275 Which of the following is a function of the Finance Manager?
A. Procurement
B. Risk Return Trade Off
C. Deployment of Funds
D. Control over the use of Funds
Answer optiond
Marks: 2
Chapter: 5
276 Which of the following is not an element of master budget?
A. Capital Expenditure Budget
B. Production Schedule
C. Operating Expenses Budget
Answer optionb
Marks: 2
Chapter: 5
277 EOQ is the quantity that minimizes
A. Total Ordering Cost
B. Total Inventory
C. Total Interst Cost
D. Safety Stock Level
Answer optiona
Marks: 1
Chapter: 6
278 ABC analysis deals with which of the following?
A. Controlling Inventory Cost Money
B. Flow of Material
C. Ordering Schedule of Job
Answer optiona
Marks: 1
Chapter: 6
279 The ---- is the input to Material Requirement Planning,which lists the assemblies, sub asemblies, parts & raw materials needed to produce one unit of finsished p
A. Bill of Material
B. Net Requirement Charts
C. Inventory Records
D. Assembly Time Chart
Answer optiona
Marks: 2
Chapter: 6
280 Which is not a component of ERP?
A. Legacy System
B. Bolt Application
C. Operational database
D. Cybersoft
Answer optiond
Marks: 2
Chapter: 6
281 Which of the following is a highly structured technique, designed to keep personal interactions at a minimum?
A. Clustering
B. Brainstorming
C. Nominal Group Technique
D. Group Interview
Answer optionb
Marks: 1
Chapter: 7
Mr. XYZ is a manager in a manufacturing company, he attempt to establish a culture of quality affecting the attitudes and actions of every employee & relies on
282
that want to improve quality. He focuses on establishing-----
A. Knowledge Management
B. TQM
C. Operation Management
D. MIS
Answer optionb
Marks: 1
Chapter: 7
283 Six Sigma methodology is driven by a _____ methodology
A. Fit for use
B. Cost driven
C. Management by Fact
D. Conformance to Specification
Answer optionc
Marks: 2
Chapter: 7
284 “No U Turn” sign board comes under which “S” of the 5S?
A. Seiri
B. Seiton
C. Seiso
D. Seiketsu
Answer optiond
Marks: 2
Chapter: 7
285 When using ABC approach to stock categorization which of the following desirable class ‘C’ Items?
A. High Value, High Risk
B. High Value, Low Risk
C. Low Value, High Risk
D. Low Value, Low Risk
Answer optiond
Marks: 1
Chapter: 6
286 MRP specify------

A. The quantities of the product families that need to be produced
B. The quantity & timing of planned order releases
C. Capcity needed to provide projected output
D. Cost associated with alternative plan
Answer optionb
Marks: 1
Chapter: 6
287 Which of the following is not included in cost of inventory?
A. Purchase Cost
B. Transport Cost
C. Import Duty
D. Selling Cost
Answer optiond
Marks: 1
Chapter: 6
288 Which of the following is an indirect tax?
A. Income Tax
B. Entertainment Tax
C. Profit Tax
D. Wealth Tax
Answer optionb
Marks: 2
Chapter: 5
289 Which of the following banks/institution acts as custodian of nation’s foreign exchange reserve?
A. State Bank of India
B. Reserve Bank of India
C. IFCI
D. Punjab National Bank
Answer optionc
Marks: 2
Chapter: 5
290 Which of the following is not one of the main objectives of material management?
A. It helps in purchasing of standard items
B. It helps in reduction in material purchasing price
C. it aims at planning & controlling materials
D. It helps in planned material purchasing
Answer optionb
Marks: 1
Chapter: 5
291 The primary goal of financial management is
A. To maximize the return
B. To maximize the risk
C. To maximize the wealth of owner
D. To maximize the profit
Answer optiond
Marks: 1
Chapter: 5
292 A statement which reflects future income & expenditure--------
A. Budget
B. Profit & loss
C. Balance Sheet
D. Cash Account
Answer optiona
Marks: 1
Chapter: 5
293 ____________ tries to secure for the workers employment conditions conducive to their health and safety
A. Industrial Disputes Act 1947
B. Factory Act 1948
C. ESI Act 1948
D. Workmen Compensation Act 1923
Answer optionb
Marks: 2
Chapter: 4
294 Which of the following terms are defined in the Workemen Compensation Act 1923? (i) Dependant (ii) Disablement (iii) Workman (iv) Seaman
A. (i) & (ii)
B. (i) (ii) & (iii)
C. (i) & (iv)
D. (iv) only
Answer optionb
Marks: 1
Chapter: 4
295 Most of the industrial accidents are :
A. not preventable
B. Preventable
C. unavoidable
Answer optionb
Marks: 1
Chapter: 4
296 Which of the following are not included in "Wages"? (i) Dearness Allowance (ii) Bonus (iii) House Rent Allowance (iv) Basic Salary
A. (i) & (ii)
B. (ii) & (iii)
C. (iii) & (iv)
D. (iv) only
Answer optionb
Marks: 1
Chapter: 4
297 Which of the following provisions do not come under the “Welfare provision” in the Factories Act 1948?
A. Washing Facility
B. Drinking Water
C. Facility for sitting
D. First Aid Appliance
Answer optiona
Marks: 1
Chapter: 4
298 Line organization is not suited for --------- type of organization
A. Large
B. Small
C. Medium
D. both A & C
Answer optiond
Marks: 1
Chapter: 3
299 Authority and responsibility are ----------to each other.
A. Supplementary
B. Complementary
C. Contradictory
D. Inconsistent
Answer optionb
Marks: 2
Chapter: 3
300 The maximum number of shareholders allowed in a Public Limited Company is?
A. 20
B. 50
C. 100
D. No Maximum Number
Answer optiond
Marks: 2
Chapter: 3
301 Out of following forms, which form of organization is the oldest one?
A. Line & Staff Organization
B. Committee Organization
C. Functional organization
D. Line Organization
Answer optiond
Marks: 1
Chapter: 3
302 What is the term used to define the number of subordinates directly controlled by a manager?
A. Division Management
B. Departmentalization
C. Span of control
D. Investment Span
Answer optionc
Marks: 1
Chapter: 3
303 Which of the following is not the characteristic of top level management?
A. To execute all plans of the management
B. To take decisions of long term policies
C. To look after production job
D. To take decision of short term forecasting
Answer optionc
Marks: 1
Chapter: 2
304 According to Fayol’s 14 principles of management, ‘esprit de corps’ refers to which of the following?
A. Being treated fairly & kindly
B. Spirit of the corporation
C. Team work & harmony
D. Spirit of work
Answer optionc
Marks: 1
Chapter: 2
305 All levels of management between the supervisory level & the top level of the organization are termed as
A. Middle Managers
B. Fisrt Line Manager
C. Supervisors
D. Foreman
Answer optiona
Marks: 1
Chapter: 2
306 In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemical other than Fertilizers
B. Food Processing
C. Service Sector
D. Telecommunication
Answer optiond
Marks: 1
Chapter: 1
307 Which is not one of Fayol's principles:
A. Authority & Responsibility
B. Line of Authority
C. Globalization
D. Unity of Command
Answer optionc
Marks: 1
Chapter: 1
308 LPG is aimed at making the India as fastest growing competitive economy through
A. Efficient utilization of Resources
B. Transperency Process
C. Reduced Corruption
D. All of the above
Answer optiond
Marks: 1
Chapter: 1
309 Business firm emphasis on attracting new------
A. Customers
B. People
C. Target Groups
D. Suppliers
Answer optionc
Marks: 1
Chapter: 1
310 A sales person can access the warehouse, inventory and delivery to give a customer a quick update on the status of his order through---------------
A. MRP
B. MPS
C. BOM
D. ERP
Answer optiond
Marks: 2
Chapter: 6
311 The quantity sigma indicates
A. Trend in the process
B. Dispersion in the data
C. Lack of attention by workers
D. Average
Answer optionb
Marks: 1
Chapter: 7
312 Six Sigma is based on understanding & improving processes on a ------------basis
A. Product by Product
B. Department by Department
C. Day by Day
D. Project by Project
Answer optiond
Marks: 1
Chapter: 7
313 Every subordinate should receive orders from & be accountable to only one superior is-------
A. Unity of Decisions
B. Unity of Command
C. Centralization
D. Scalar Chain
Answer optionb
Marks: 1
Chapter: 2
314 Management & Administration are------
A. Same
B. Different
C. Same & Diferent
D. Partly Same & Partly Different
Answer optiond
Marks: 1
Chapter: 2
315 ---------authored the principle of “Scientific Management”
A. Elton Mays
B. Henry Fayol
C. F W Taylor
D. M P Follet
Answer optionc
Marks: 1
Chapter: 2
316 Henry Fayol laid down-----
A. 12 Principles
B. 13 Principles
C. 14 Principles
D. 15 Principles
Answer optionc
Marks: 1
Chapter: 2
317 The manager of multinational company is located in France, India, Brazil & USA, which decision making technique seems most reasonable for this organization
A. A Postal Service Transaction
B. A Brainstorming session
C. A nominal discussion
D. An Electronic Meeting
Answer optiond
Marks: 1
Chapter: 1
318 Men, Money, Material & Machines are included in
A. Factors of Production
B. Resources
C. Budget Preparation
D. Cost Analysis
Answer optionb
Marks: 1
Chapter: 1
319 Globalization is the process of integrating national economies into the international economy through trade, foreign investment, migration and
A. Communication
B. Spread of Technology
C. Transportation
Answer optionb
Marks: 1
Chapter: 1
320 Management is -------
A. Art
B. Science
C. Art & Science
D. Humanities
Answer optionc
Marks: 1
Chapter: 2
321 Organization structure primarily refers to
A. How activities are coordinated & controlled
B. How resources are allocated
C. Location of Department & Offices
D. Policy Statement defined by firm
Answer optiona
Marks: 1
Chapter: 3
322 Functional organization is suited for limited number of ---------
A. Persons
B. Machines
C. Product
D. Process
Answer optionc
Marks: 1
Chapter: 3
323 A Textile industry, departments can be on the basis of--------
A. Territorial
B. Product
C. Customer
D. Process
Answer optiond
Marks: 2
Chapter: 3
324 Who is an adult as per Factories Act, 1948?
A. Who has completed 18 years of age
B. Who is less than 18 year

C. Who is more than 14 years
D. Who is more than 16 years
Answer optiona
Marks: 1
Chapter: 4
325 The word labour means ___________.
A. Workman
B. Any Productive Activity
C. Person working for salary
D. Efficiency & Productivity of labour
Answer optionb
Marks: 1
Chapter: 4
326 Operating budgets are:
A. A forecast units of production
B. A forecast of operating expenses
C. A forecast of expected operating expenses
D. Concerned with the income generating activities of Firm
Answer optiond
Marks: 1
Chapter: 5
327 Which of the following is not the form of tax revenue?
A. Income Tax
B. Sales Tax
C. Licence Fee
D. Excise Duty
Answer optionc
Marks: 2
Chapter: 5
328 Which of the following is not a current asset
A. Cash in Hand
B. Cash at Bank
C. Debators
D. Creditors
Answer optiond
Marks: 2
Chapter: 5
329 Which class of elements in ABC analysis is generally large in number?
A. A
B. B
C. C
D. Unpredicatble
Answer optionc
Marks: 1
Chapter: 6
330 The economic order quantity in inventory control refers to
A. Optimum lot size
B. Lowest level of inventory
C. Lot corresponding to BEP
D. Lot most economical to process
Answer optiona
Marks: 1
Chapter: 6
331 A master production schedule specifies
A. Financial Resources required for production
B. What component to be made & when
C. What product to be made & when
D. Labor hour required for production
Answer optionc
Marks: 1
Chapter: 6
332 Which of the following input data are needed for MRP ? (i) Master Production Schedule (ii)Inventory Position (iii) Machine Capacity (iv) Bill of Material
A. (i) (ii) & (iii)
B. (ii) (iii) & (iv)
C. (i) (iii) & (iv)
D. (i) (ii) & (iv)
Answer optiond
Marks: 2
Chapter: 6
333 Six Sigma principle which is a philosophical benchmark or standard of excellence proposed by----------
A. Geinichi Taguchi
B. Edward Deming
C. Philip Crossby
D. Joseph M Juran
Answer optionb
Marks: 1
Chapter: 7
334 Select the odd one which is not the dimension of quality
A. Response
B. Reliability
C. Reputation
D. Reassurance
Answer optionc
Marks: 1
Chapter: 7
335 In which industry Quality Circles in India were first introduced?
A. Bharat Electronics Ltd.
B. Bharat Heavy Electricals Ltd.
C. Bharat Heavy Plates & Vessels
D. Bharat Earth Movers Ltd.
Answer optionb
Marks: 1
Chapter: 7
336 The company should exceed the customers expectations and lease him. This means giving the customer more than he ever thought possible. It is the ultimate goa
A. Globalization
B. TQM
C. MRP
D. Lean Manufacturing
Answer optionb
Marks: 2
Chapter: 7
337 Reliance Industries Ltd. Is a form of,

A. Single Ownership
B. Partnership
C. Private Ltd.
D. Joint Stock Company
Answer optiond
Marks: 2
Chapter: 3
338 Which is the first step in organisation forming?
A. Assignment of duties
B. Aims are determined
C. Identifying activities
D. Formulating plans
Answer optionb
Marks: 1
Chapter: 3
339 Due to unity of direction,
A. Deviation from defined path is prevented
B. Work is divided
C. Authority is delegated
D. Teams are formed
Answer optiona
Marks: 1
Chapter: 2
340 "Esprit De Corps" refers to
A. Team Work
B. Planning
C. Co-ordination
D. Authority
Answer optiona
Marks: 1
Chapter: 2
341 Out of mentioned below , which is not the input of management?
A. Human resources
B. Financial Resources
C. Growth
D. Technology
Answer optionc
Marks: 1
Chapter: 2
342 which organisation is at number one position in India in insurance?
A. Max Life
B. Birla Sunlife
C. LIC
D. ICICI Prulife
Answer optionc
Marks: 1
Chapter: 1
343 VAT started in maharashtra from_____ and __________ business is liable according to VAT.
A. 2003 , Banking
B. 2004 , Exporters
C. 2005 , Importers
D. 2006 , Telephone
Answer optionc
Marks: 2
Chapter: 5
344 Cushion between supply and demand is called as -
A. Material management
B. Inventory management
C. Sales and purchase
D. None of above
Answer optionb
Marks: 1
Chapter: 6
345 According to ISO 9001, inspection and testing comes under ____________
A. Process control
B. Document control
C. Control of non-conforming products
D. Servicing
Answer optiona
Marks: 1
Chapter: 7
346 What is quality assurance?
A. rejecting the final product.
B. preventation of defectsin product or process
C. detection of errors or defects
D. evaluate whether the end result is satisfactorily.
Answer optionb
Marks: 1
Chapter: 7
347 which of the following is not a feature of ERP?
A. It has a common data
B. Each module has the different look and feeling
C. Each department is able to acess the system
D. Integrated system which functions on real time.
Answer optionb
Marks: 1
Chapter: 6
348 which of the following are modern techniques of material management?
A. TQM, SAP, ERP & QC
B. MRP, JIT, ERP & SAP
C. MQC, ERP, BOM & ISO
D. MRP, MQC, JIT & ISO
Answer optionb
Marks: 1
Chapter: 6
349 The amount actually demanded against the shares is….
A. working capital
B. overdraft
C. paid -up capital
D. called-up capital
Answer optiond
Marks: 2
Chapter: 5
350 In inventory control theory, the economic order quantity is
A. average level of inventory
B. optimum lot size
C. capacity of a warehouse
D. lot size corresponding to break-even analysis
Answer optionb
Marks: 1
Chapter: 6
351 Reserves and Surplus is also known as / is a part is _____
A. Retained Earnings.
B. Share Capital.
C. Dividend.
D. None of the above.
Answer optiona
Marks: 1
Chapter: 5
352 when a person gets salary a certain amount of tax is deducted at the source as per rules of that financial year -
A. sales tax
B. VAT
C. Income tax
D. wealth tax
Answer optionc
Marks: 1
Chapter: 5
353 The term " Account Recievables " come in________________ With reference to the term ` Debtors`
A. Investments
B. Goodwill.
C. Current liabilities
D. Current Asset.
Answer optiond
Marks: 2
Chapter: 5
354 Industrial acts are useful for………
A. Training to workers.
B. increase production
C. Overconfidence.
D. Guarantee of employee welfare.
Answer optiond
Marks: 1
Chapter: 4
355 Type of organization preferred to steel industry is
A. line & staff organization
B. functional organization
C. line organization
D. line, staff & functional organization
Answer optiond
Marks: 2
Chapter: 3
356 The meaningful exchange of information between two or more participants is termed as
A. delegation
B. co-ordination
C. controlling
D. communication
Answer optiond
Marks: 2
Chapter: 3
357 Tata motors, Hindustan motors contribute in the development of the society has which type of organisation.
A. Private organisation.
B. public organisation
C. government organisation.
D. private -public organisation
Answer optiona
Marks: 1
Chapter: 3
358 Tenneco Automotive India refers to which type of company-
A. private limted company
B. partnership company
C. ownership company
D. Co-operative company
Answer optiona
Marks: 1
Chapter: 3
359 The unbroken line of authority from highest to lowest level is known as-
A. stability
B. remuneration
C. scalar chain
D. team spirit
Answer optionc
Marks: 1
Chapter: 2
360 Man power planning is a function of-
A. organising
B. staffing
C. co-ordinating
D. directing
Answer optionb
Marks: 1
Chapter: 2
In a XYZ company if the raw material required for manufacturing a product is not available on the given time, due to insufficient funds . Which level of manan
361
responsible ?
A. lower management
B. middle management
C. top management
D. none of these.
Answer optionc
Marks: 2
Chapter: 2
362 Military type of organisation is known as
A. line organization
B. functional organization
C. line & staff organization

D. project organization
Answer optiona
Marks: 1
Chapter: 3
363 HSBC is a
A. public sector bank
B. Schedule bank
C. Nationalised bank
D. Foreign bank
Answer optiond
Marks: 1
Chapter: 1
364 Following is a goal oriented, continious forward looking, choice making & integrated processs
A. organising
B. planning
C. co-ordinating
D. Staffing
Answer optionb
Marks: 1
Chapter: 2
365 Advantage of Globilization is …….
A. Increase International Co-Operation
B. Better acess to external financing
C. Threat to terrorism
D. Both i & ii
Answer optiond
Marks: 1
Chapter: 1
366 To encourage competition and to remove trade restrictions a policy was established in 1948
A. WHO
B. LPG
C. GATT
D. IPR
Answer optionc
Marks: 1
Chapter: 1
367 Manufacturing sector contributes _______ % India
A. 5%
B. 30%
C. 15%
D. 25%
Answer optionc
Marks: 1
Chapter: 1
368 Meaning of _________ is right to command
A. Stability
B. Authority
C. Scalar Chain
D. Initiative
Answer optionb
Marks: 1
Chapter: 2
369 Out of mentioned below is not the output of management
A. Desired results
B. Goal Achievement
C. Technology
D. Status in Market
Answer optionc
Marks: 1
Chapter: 2
370 The structure of organization depends on ________
A. Scope of functions
B. Number of Employees
C. Span of control
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
371 Maximum members in co-operative society are_________________
A. 50
B. 100
C. 500
D. no limit
Answer optiond
Marks: 1
Chapter: 3
372 Who gets affected directly or indirectly due to accidents ?
A. Worker
B. Industry
C. Family of worker
D. All
Answer optiond
Marks: 1
Chapter: 4
373 Which is indirect tax ______________________
A. Income tax
B. Excise
C. Sales
D. All
Answer optiond
Marks: 1
Chapter: 5
374 Collection of taxes is concerned in _____________
A. Capital Budget
B. Revenue Budget
C. Both
D. None
Answer optionb
Marks: 2
Chapter: 5
375 A' type of items has _____________ % importance due to consumption in ABC analysis
A. 10 - 20 %
B. 15 - 25 %
C. 40 - 50 %
D. 70 - 80 %
Answer optiond
Marks: 1
Chapter: 6
376 Inventory carrying cost include ___________
A. Storage Cost
B. Insurance
C. Both (a) & (b)
D. None
Answer optionc
Marks: 1
Chapter: 6
377 Which is not the disadvantage of ERP?
A. Cost is high
B. Time Consuming
C. Slow decision making
D. Difficult to learn easily
Answer optionc
Marks: 2
Chapter: 6
378 Quality is defined by ____________
A. Manager
B. Engineer
C. QC in charge
D. Customers
Answer optiond
Marks: 1
Chapter: 7
379 Working Capital is required to
A. Finance operating losses particularly in the initial years of business.
B. Pay wages and salaries to employees
C. establish good relations with existing financers
D. decide basis for expenditure of capital
Answer optionb
Marks: 1
Chapter: 5
If any accident occurs on the premises of any employer which results in death of an employee or serious bodily injury to an employee, the employer must within
380
days of the death or serious bodily injury, send in the prescribed form a report to the _________________ for employee's compensation giving circumstances .
A. 8, Collector
B. 7,Commissioner
C. 10,Inspector
D. 11, Doctor
Answer optionb
Marks: 2
Chapter: 4
381 In which year the value added tax was introduced
A. 2001
B. 2005
C. 2000
D. 2002
Answer optionb
Marks: 1
Chapter: 5
382 What are the types of Capital
A. Fixed and Unfixed
B. Favourable and workable
C. Small and Big
D. Fixed and working
Answer optiond
Marks: 1
Chapter: 5
383 A document that authorizes one to carry out a specific job is called :
A. Factory act
B. Safety Schedule
C. Work permit
D. Lethargy
Answer optionc
Marks: 1
Chapter: 4
384 Fire in industry is due to:
A. short circuit
B. Fuel
C. Ignition
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
385 Suggest a Suitable form of ownership for a bicycle repair business.
A. Public limited
B. Private limited
C. Partnership
Answer optiond
Marks: 2
Chapter: 3
386 A_________________________ Company can be formed by minimum 2 and maximum 50 members.
A. Public limited
B. Private limited
C. Partnership
Answer optionb
Marks: 2
Chapter: 3
387 Line and Satff Organisation is Suitable for
A. Small Enterprises
B. Medium and large Enterprises
C. Large Enterprises
D. Non od the above
Answer optionb
Marks: 1
Chapter: 3
388 Who developed a theory on Motion Study
A. Taylor
B. James watt
C. Gilberth
D. Peter Druker
Answer optionc
Marks: 1
Chapter: 2
389 ________________ is a policy making function
A. Production
B. Plan
C. work
D. Administration
Answer optiond
Marks: 1
Chapter: 2
390 Which one of the following is not a service industry
A. Hotels & Restaurents
B. Transportation
C. Hospitals
D. Manufacturing
Answer optiond
Marks: 1
Chapter: 1
391 Which one of the following is not a process industry
A. cement industry
B. Steel industry
C. Food industry
D. Heavy Engineering
Answer optiond
Marks: 1
Chapter: 1
392 India adopted LPG Policy in
A. 1950s
B. 1980s
C. 1990s
D. 1970s
Answer optionc
Marks: 1
Chapter: 1
393 A _____________ and a______________ are the two major books used to maintain accounts
A. Journal and Diary
B. Diary and Maintenance book
C. Journal and ledger
D. ledger and maintenance book
Answer optionc
Marks: 2
Chapter: 5
394 Which Curve represent total cost curve as shown in the figure
A. A
B. B
C. C
Answer optiona
Marks: 2
Chapter: 6
395 ______________ and ____________ are the modern techniques of material management.
A. DOL and EOQ
B. MRP and ERP
C. MPS and DOL
Answer optionb
Marks: 2
Chapter: 6
396 ISO 9001 is related with
A. Energy Audit
B. Environment, Health and Safety
C. Quality
Answer optionc
Marks: 1
Chapter: 7
397 What does Seiketsu means
A. standerdising
B. cleaning
C. arrangement
D. responsibilities
Answer optiona
Marks: 1
Chapter: 7
398 Fishbone diagrams are drawn to
A. find customer needs
B. find the cost of quality
C. brainstrom causes of an effect
D. screen workers' suggestions
Answer optionc
Marks: 1
Chapter: 7
If , 1: Problem Selection, 2: Data Collection , 3: Recommendation, 4: Presentation to Management, 5: Review and Decision, 6: Implementation and Controll. Th
399
problemsolving are
A. 1 2 3 5 4 6
B. 1 2 3 4 5 6
C. 1 2 5 3 4 6
D. 1 2 3 5 6 4
Answer optionb
Marks: 2
Chapter: 7
400 The output of the ….. Sector may be information, service, attention, advice, experiences, discussion and the like
A. Service
B. Manufacturing
C. Engineering
D. Trade
Answer optiona
Marks: 1
Chapter: 1
401 F W Taylor has given his highest contribution in
A. Scientific management
B. Principles of management
C. Functions of management
D. Economics and management
Answer optiona
Marks: 1
Chapter: 2
402 The other side of coin of authority is ………..
A. Remuneration
B. Power
C. Responsibility
D. Position
Answer optionc
Marks: 1
Chapter: 2
403 Which parameters is/are the esstenials of organisation ?
A. Organisation chart
B. Delegation
C. span of control
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
404 Agreement between partners is called as
A. Partnership deed
B. Partnership draft
C. Partnership Document
D. Partnership Sheet
Answer optiona
Marks: 2
Chapter: 3
405 Which is not included in the cause of accident due to worker ?
A. Lack of concentration
B. Poor housekeeping
C. Mischievous behaviour
D. Overconfidence
Answer optionb
Marks: 1
Chapter: 4
406 The deviation of the actual from the standard is ______ in budget language.
A. Variance
B. Change
C. Difference
D. Drift
Answer optiona
Marks: 1
Chapter: 5
407 Customs is the responsibility of
A. State Government
B. Central Government
C. Local Self Government
D. All
Answer optionb
Marks: 1
Chapter: 5
408 ABC Analysis is the ______ concept
A. Finance
B. Inventory management
C. HR
D. Administration
Answer optionb
Marks: 1
Chapter: 6
409 In EOQ _____ is ordered
A. Minimum quantity
B. Maximum quantity
C. Optimum quantity
D. Average quantity
Answer optionc
Marks: 1
Chapter: 6
410 Statement 1- ERP integrates all data. Statement 2_ ERP covers only materials management
B. Both 1 and 2 wrong
C. 1 is correct, 2 is wrong
Answer optionc
Marks: 2
Chapter: 6
411 Which of the following is not one of the four primary management functions?
A. Controlling
B. Planning
C. Staffing
D. Organising
Answer optionc
Marks: 1
Chapter: 2
412 Statement 1- VAT is not simple & transparent Statement 1- VAT is progressive form of sales Tax.
A. Both 1 & 2 Correct
B. 1 wrong & 2 correct
C. Both 1 & 2 wrong
D. 1 Correct & 2 Wrong
Answer optionb
Marks: 1
Chapter: 5
413 ___________ are the finished goods lying in stock rooms and waiting dispatch.
A. Raw inventories
B. In process inventories
C. Finished Inventories
D. Indirect inventories
Answer optiond
Marks: 1
Chapter: 6
414 Which is not the merit of individual tax?
A. Equitable
B. Elastic
C. Convenient
D. Reduction of inequalities
Answer optionc
Marks: 2
Chapter: 5
415 Statement 1- Shares form the part of capital of company. Statement 2- Debenture is loan to company.
B. 1 is correct, 2 is wrong
C. Both 1 and 2 are correct
D. 1 is wrong, 2 is correct.
Answer optionc
Marks: 1
Chapter: 5
416 Unsafe acts occurs because of following reasons.
A. Absence of proper protecting devices
B. Harmful aerosol
C. No proper ventilation
D. Working with unsafe speed
Answer optiond
Marks: 1
Chapter: 4
Rupesh started his own business and thinks to make the local corporater as partner.But the partner allows only using the goodwill and credit of his name. What
417
of local corporetor in Rupesh's business?
A. Active partner
B. Secret partner
C. Nominal partner
D. Sleeping partner.
Answer optionc
Marks: 2
Chapter: 3
418 ______________ means giving right work to the right person.
A. Delegation of authority
B. Responsibility
D. All of the above
Answer optionc
Marks: 1
Chapter: 3
419 __________ is accountability. It is an obligation of a subordinate to his/ her boss to do given work.
A. Authority
B. Responsibility
C. Communication
D. All of the above
Answer optionb
Marks: 1
Chapter: 3
420 Steps for organizing process:
A. Review plans and objectives
B. Determine the work activities necessary to accomplish objectives
C. Classify and group the necessary work activities.
D. All of the above.
Answer optiond
Marks: 2
Chapter: 2
421 Administration function or duties are:
A. Decision making
B. Policy making
C. Making necessary adjustments
Answer optiond
Marks: 1
Chapter: 2
422 __________ can be defined as the process of establishing the orderly use of resources by assigning and coordinating tasks.
A. Planning
B. Organizing
C. Directing
D. All of above
Answer optionb
Marks: 1
Chapter: 2
423 Following is not a function of a management.
A. Planning
B. Organizing
C. Directing
D. Administration
Answer optiond
Marks: 1
Chapter: 2
424 The income of __________ mostly depends on the availability of leisure time and disposable income.
A. Agro Industry
B. Insurance Industry
C. Hospitality Industry
D. Health Care Industry
Answer optionc
Marks: 1
Chapter: 1
425 BPO stands for _____________
A. Business Process Outsourcing
B. Business Procedure Outsourcing
C. Business Process Organization
D. Business Procedure Organization
Answer optiona
Marks: 1
Chapter: 1
426 Benefits of MRP _____________ .
A. Reduced unnecessary inventory.
B. Avoids material shortages.
C. Greater productivity.
Answer optiond
Marks: 1
Chapter: 6
427 ________ is a management approach to long-term success through customer satisfaction.
A. Total Quality Management
B. Quality Management
C. Quality Circle
D. Quality Assurance
Answer optiona
Marks: 1
Chapter: 7
428 Identification and Traceability clause of ISO 9001:2000 _____________ .
A. Covers the planning related to designing and developing the services given by the organization.
B. Describes different types of controls that need to be kept on production and services.
C. Identification is to know what the product and service is And the traceability focuses on from where (processes) the product has come
D. All of above.
Answer optionc
Marks: 2
Chapter: 7
429 Which on of these is not a type of business?
A. Service
B. Manufacturing
C. machining
D. trade
Answer optionc
Marks: 1
Chapter: 1
430 Similar to manufacturing companies, banking is a business to make .
A. public relation
B. profit
C. goods
D. customer relations
Answer optionb
Marks: 1
Chapter: 1
431 Who sets the vision and mission of the organisation.
A. Top Management
B. Middle Management
C. Frontline Management
D. Board of directors
Answer optiona
Marks: 1
Chapter: 2
432 Who is credited with having developed the concept of a priorty or hierarchy of needs?
A. F.W. Taylor
B. Abraham Maslow
C. Max Weber
D. Mary Follett.
Answer optionb
Marks: 1
Chapter: 2
433 A private limited company can have minimum__ and Maximum___members.
A. 4,50
B. 2,50
C. 4,20
D. 2,20
Answer optionb
Marks: 1
Chapter: 3
434 Line and staff organisation is the modification of:
A. Functional Organisation
B. Staff Organisation
C. Special Organisation
D. Line Organisation
Answer optiond
Marks: 1
Chapter: 3
435 The speed of decision making is quick in ___
A. Centralisation
B. Span of control
C. Decentralisation
D. None of Above
Answer optiona
Marks: 2
Chapter: 3
436 What are the types of taxes?
A. fixed and working
B. regular and non-regular
C. direct and indirect
Answer optionc
Marks: 1
Chapter: 5
437 The utility of every machine or equipment decreases because of wear and tear during use, the reduction in value:
A. debenture
B. dispatch
C. dividend
D. depreciation
Answer optiond
Marks: 2
Chapter: 5
438 Market research is necessary for
A. to get excessive material in advance
B. information about market condition and availability of material
C. to store goods at plant
D. both a and c
Answer optionb
Marks: 1
Chapter: 6
439 What do you mean by insurance cost:
A. cost of insurance of goods while they are in transit
B. cost of packaging of material
C. cost to be paid to costumer
D. cost required for movement of material
Answer optiona
Marks: 1
Chapter: 6
440 Inventroy control means.
A. timely availability of materials
B. value analysis of costly materials
C. availability of material at low cost
D. all of the above
Answer optiond
Marks: 2
Chapter: 6
441 In six sigma, how many employee are there per black belt?
A. 120
B. 150
C. 100
D. 125
Answer optionc
Marks: 1
Chapter: 7
442 Which one of the following processes is not a part of textile industry?
A. a. spinning
B. b. weaving
C. c. dying
D. d. polishing
Answer optiond
Marks: 1
Chapter: 1
443 “Principal of Management “ is the contribution of
A. a. F.W Taylor
B. b. Henry Fayol
C. c. Adam Smith
D. d. Mary Parker Follett
Answer optionb
Marks: 1
Chapter: 2
444 ‘The assignment of each grouping to the manager with the authority necessary to supervise it’ is called as ………….
A. a. Controlling
B. b. Organizing
C. c. Staffing
D. b. Planning
Answer optionb
Marks: 1
Chapter: 2
445 Due to unit of direction …
A. a. Authority delegated
B. b. Work is Dividend
C. c. Deviation from the defined path is prevented
D. d. Teams are formed
Answer optionc
Marks: 1
Chapter: 2
446 The Communication process is said to be completed only when receiver has ___the message.
A. Received
B. Read
C. Understood
D. Seen
Answer optionc
Marks: 1
Chapter: 3
447 The process of ___of tasks of similar nature is known as departmentation.
A. arranging
B. deciding
C. aligning
D. grouping
Answer optiond
Marks: 1
Chapter: 3
448 In Project organisation, the members can be from.
A. Within the organisation
B. Outside the organisation
C. None of the above
D. both A and B
Answer optiond
Marks: 2
Chapter: 3
449 Who is the chairman of the plant safety commettee?
A. a. a safety officer
B. b. a security
C. c. a purchase officer
D. d. a senior manager
Answer optiond
Marks: 1
Chapter: 4
450 On contravention of provisions of Factories Act, the occupier shall be liable for punishment of :
A. a. 2 years imprisonment or a fine up to Rs. 1,00,000 or with both
B. b. 6 months/fine up to Rs10,000 or with both
C. imprisonment c. 3 three years/fine of Rs 10,000 or with both
D. . 3 three years imprisonment /fine of Rs 10,000 or with both
Answer optiona
Marks: 1
Chapter: 4
451 Accidents that are caused because of partial or no knowledge of process or may be because of physical weakness of theperson working is called :
A. a) Accidents due to dangerous machines
B. b) accidents due to moving objects

C. c) Accidents due to personal factors
D. d) None of above
Answer optionc
Marks: 1
Chapter: 4
452 is defined as an accounting record where all business transactions are originally entered or recorded.
A. Asset
B. Liability
C. Share
D. Journal
Answer optiond
Marks: 1
Chapter: 5
453 What is an inter company loan?
A. it is loan and investment between two companies
B. the money advances received by a company.
C. the money advances received by a bank.
D. it is the loan and investment between two persons.
Answer optiona
Marks: 1
Chapter: 5
454 Interest paid on loan, interest on capital, discount on bills, bank charges, interest paid for bank OD (Over Draft) are examples of
B. Purchases
C. Sales
D. Selling and distribution expenses
Answer optiona
Marks: 2
Chapter: 5
455 Inventory record file also called as
A. (a) Item master file
B. (b) Inventory record file
C. (c) Bill of material
D. (d) None
Answer optiona
Marks: 1
Chapter: 6
456 Limitation of ABC analysis is : seasonal variation of cost have no consideration in the analysis.
A. a. true
B. b. false
C. c. can't predict
D. d. partly true
Answer optiona
Marks: 2
Chapter: 6
457 Permissible defects per million in 1st Sigma level:
A. 6,80,000
B. 6,90,000
C. 7,00,000
D. 6,70,000
Answer optionb
Marks: 1
Chapter: 7
458 Integrating the economy of a country with global / word economy is -
A. Globalization
B. Privatization
C. Liberalization
D. L-P-G
Answer optiona
Marks: 1
Chapter: 1
459 The function of putting together the different parts of enterprise into working order is referred as-
A. Planning
B. Management
C. Organization
D. Administration
Answer optionb
Marks: 1
Chapter: 2
460 Amul Dairy industries refers to which of the following company type-
A. Private limited company
B. Ownership company
C. Partnership company
Answer optiond
Marks: 1
Chapter: 3
461 Age, health ,fatigue and anxiety are the factors which are categorized as:
A. Environmental causes of accidents
B. Personal causes of accidents
C. Mechanical causes of accidents
D. All of the above
Answer optionb
Marks: 1
Chapter: 4
462 Major sources of for obtaining working capital are the commercial banks. They provide Finance in the form of:
A. Loans and credit facilities
B. Overdrafts and mortgages
C. Bills of exchange and public loans
D. All of the above
Answer optiond
Marks: 2
Chapter: 4
463 A technique for determining the quantity and timing of dependent demand items -
A. EOQ
B. ABC analysis
C. MRP
D. BOM
Answer optionc
Marks: 1
Chapter: 5
464 Which of the following process includes the activities of planning, scheduling and controlling material
A. Material Management
B. Resource Management
C. Resource Planning
D. ERP
Answer optiona
Marks: 1
Chapter: 5
A Technique based on a very universal Pareto's Principal that a few high usage value items constitutes a major part of the capital invested in inventories, where
465
in inventory , having low usage value constitute insignificance part of the capital.
A. EOQ
B. ABC Analysis
C. a and b both
Answer optionb
Marks: 2
Chapter: 5
466 Quality is the responsibility of --
A. All those in concern with product including end user
B. All those who are working in the organisation
C. All those who are managers
D. All those who are supervisors
Answer optionb
Marks: 1
Chapter: 6
Mr. Ramesh is working in ABC Electronics ltd in the capacity of Foreman. One Day while working in the organization he met with an accident in which he has t
467
forehand . ABC Electronics is paying him fifty percent of his monthly wages in multiplication with relevant factor. Under which act he is eligible for the said am
B. Workman’s Compensation Act
C. Minimum wages Act
D. Safety provisions Act
Answer optionb
Marks: 2
Chapter: 6
Arrange the activities of purchasing procedure in the sequential form i) Receipt of quotation ii) selection of right source of supply iii) Receipt of purchase requis
468
comparative statement
A. i, iii, iv, ii
B. iii, i, iv, ii
C. iv, ii, i, iii
D. i ,iv, iii, ii
Answer optionb
Marks: 1
Chapter: 7
469 Which is the first steps in organisation forming?
A. a. Formulating plans
B. b. Aims are determined
C. c. Identifying of activates
D. d. Assignment of duties
Answer optionb
Marks: 1
Chapter: 1
470 ‘Request’ is the ……………. Communication
A. a. Downward
B. b. Upward
C. c. Both a and b
D. d. None
Answer optionb
Marks: 1
Chapter: 1
471 Which is not the advantage of sole propertorship?
A. a. Freedom of work
B. b. Easy to form to Business
C. c. Documentation is less
D. d. Business growth is faster
Answer optiond
Marks: 1
Chapter: 1
472 …………is the process of dividing large organisation into small and flexible administrative units.
A. a. Division formation
B. b. Defragmentation
C. c. Departmentation
D. d. None
Answer optionc
Marks: 1
Chapter: 2
473 ___is the legitimate power to exercise influence, make decision, carry out actions and to direct others.
A. Manager
B. Responsibility
C. Supervisor
D. Authority
Answer optiond
Marks: 1
Chapter: 4
474 The------ Budget is the forecast of the number of products that must be manfactured
A. sales budget
B. production budget
C. purchase budget
D. cash budget
Answer optionb
Marks: 1
Chapter: 5
475 ___is not a safety provision under Factories Act, 1948?
A. first-aid appliances
B. casing of new machinery
C. fencing of machinery
Answer optiona
Marks: 2
Chapter: 5
476 With reference to fire extinguisher, get the odd the out?
A. Liquid
B. foam
C. gaseous
D. powder
Answer optiona
Marks: 1
Chapter: 6
477 In problem solving, after problem selection___is recommended.
A. a. data collection and analysis
B. b. review and decision
C. c. implementation and control
D. d. none of these
Answer optiona
Marks: 1
Chapter: 6
478 . Quality control assist to:
A. a. employees
B. b. customers
C. c. dealers
D. d. retailer
Answer optiona
Marks: 2
Chapter: 6
479 Which one of the following is not one of the commitments of total Quality Management?
A. technical quality
B. understanding and improving the organisation's processes
C. data-based decision making
D. employee involvement
Answer optiona
Marks: 1
Chapter: 7
480 Trading enterprise may be found operating in the form of _____
A. Government
B. Finance Department
C. Industry
D. Market
Answer optiond
Marks: 1
Chapter: 1
481 Which is importmant word in the defination of organisation?
A. Group of persons
B. Profit
C. Common aim
D. United together
Answer optiona
Marks: 1
Chapter: 3
482 Which is not included in the 'causes of accident' due to nature?
A. Unfortunate
B. Mishappening
C. Sudden
D. All the above
Answer optiond
Marks: 1
Chapter: 4
483 Budgetary control is the important function of ______
A. Fixed capital
B. Working capital
C. Circulating capital
D. None
Answer optiona
Marks: 1
Chapter: 5
484 Industry economic condition depends on
A. Inventory capacity
B. Land value
C. Urgency
D. Turnover of the firm
Answer optionb
Marks: 1
Chapter: 5
485 Production budget is based on
A. Quantity
B. Money
C. Quality
D. Both a) & b)
Answer optionc
Marks: 1
Chapter: 5
486 Which is indirect tax form
A. Step form
B. Account form
C. Report form
D. None
Answer optionc
Marks: 2
Chapter: 5
487 A type of items purchased in
A. Procurement cost
B. Inventory carrying cost
C. Total cost
D. Primary cost
Answer optiond
Marks: 1
Chapter: 6
488 ……………...determines quality and timing for material planning
A. To procure materials at lowest cost
B. To maintain slandered of quality
C. Both a) & b)
D. None
Answer optionc
Marks: 2
Chapter: 6
489 Which is assumption in EOQ?
A. MRP
B. MRPII
C. ERP
D. None
Answer optionc
Marks: 2
Chapter: 6
490 Quality management
A. Restricting none quality product
B. Rejecting faulty product
C. Both are wrong
D. Both are correct
Answer optiond
Marks: 1
Chapter: 7
491 Privately owned business have one of their main objectives as the generation of
A. Equality
B. Loss
C. Profit
D. Service/society/nation
Answer optionc
Marks: 1
Chapter: 1
..…….may refer to a particular area of economic activity, such as the real estate business, computer business poultry, farming, telecommunication, shipping, tou
492
etc.
A. Agriculture
B. Business
C. Balance sheet
D. Budget
Answer optionb
Marks: 1
Chapter: 1
493 Examples of service sector include……
A. news media, hospitality industry, consulting
B. legal Practice healthcare, waste disposal
C. real estate, personal service , business service
D. House decorators, entertainers
Answer optiond
Marks: 1
Chapter: 1
494 Control system having feedback is ………
A. Closed loop system
B. Feedback control
C. Open loop system
D. Reverse system
Answer optiona
Marks: 2
Chapter: 2
495 ‘Achievement due to one, will be shared by all others’ This happens in ……..
A. Limited partnership
B. General partnership
C. Both
D. None
Answer optionb
Marks: 1
Chapter: 3
496 Accident is
A. unforeseen mishap
B. uncontrolled mishap
C. sudden mishap
D. All of above
Answer optiond
Marks: 1
Chapter: 4
497 Which one of the following is not an unsafe act ?
A. ignoring rules
B. bad state of health
C. using unsafe equipment
D. Unsafe position and posture
Answer optionb
Marks: 2
Chapter: 4
____________ can be defined as it is that administrative area or set of administrative function in an organization which relate with arrangement of cash and cre
498
organization matters their means to carry out its objectives as satisfactorily as possible .
A. Finance
B. Capital
C. Budget
D. VAT
Answer optiona
Marks: 1
Chapter: 5
499 Examples of retained earnings are:
A. Buying new machinery
B. Doing research
C. Development
D. All of the above
Answer optiond
Marks: 2
Chapter: 5
500 _________ can be defined as an attempt to balance inventory needs and requirements with the need to minimize costs resulting from obtaining and holdinginven
A. Finance management
B. Marketing management
C. Inventory management
D. None
Answer optionc
Marks: 1
Chapter: 6
501 ____________ is a part of materials management.
A. Inventory management
B. Marketing management
C. Both
D. None
Answer optiona
Marks: 1
Chapter: 6
502 _________ involves semi-finished goods at various stage of manufacturing cycle.
A. Raw inventories
B. In-process inventories
C. Finished inventories
Answer optionb
Marks: 1
Chapter: 6
503 Advantages of ABC analysis________
A. Inventory analysis
B. Record keeping becomes easy
C. Stock levels can be maintained properly
D. All of these
Answer optiond
Marks: 1
Chapter: 6
504 Principal of TQM are _____________
A. Quality should be managed
B. People are the problem but processes are not problems
C. Each and every employee is not accountable for quality
D. None of these
Answer optiona
Marks: 1
Chapter: 7
505 _______________is the sale of goods and services to the end user
A. Retail
B. Bussiness
C. Globalization
D. Trade
Answer optiona
Marks: 1
Chapter: 1
506 The industry that refers to manufactring that is associated with formulas and manufacturing recipies is called as __________
A. Enginnering Industry
B. Process industry
C. IT industry
D. Banking Industry
Answer optionb
Marks: 1
Chapter: 1
The primary objective of ____________ was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up wi
507
economies of the world.
A. Globalization
B. LPG Policy
C. Bussiness
D. Manufacturing
Answer optionb
Marks: 1
Chapter: 1
508 Following is the function of Top management

To instruct the workers for day to day activities
A.
B. To inspire lower level managers for better performance
C. To set objectives and policies of the organization
Answer optionc
Marks: 1
Chapter: 2
509 Motivation available at the time of performance of work is_________.
A. negative motivation.
B. positive motivation
C. extrinsic motivation.
D. intrinsic motivation
Answer optiond
Marks: 1
Chapter: 2
510 Making assignments, issuing orders and instructions, providing guidance and inspiration to subordinates for the achievement of organizational objective is calle
A. Planning.
B. Organizing.
C. Directing.
D. controlling.
Answer optionc
Marks: 2
Chapter: 2
511 A system of co-operative activities of two or more persons is called __________.
A. Descision making
B. co-ordination.
C. organization.
D. control.
Answer optionc
Marks: 1
Chapter: 3
512 The process whereby a manger shares his work and authority with his subordinates is____________.
A. Decentralization.
B. Responsibility.
C. Delegation.
D. decision making.
Answer optionc
Marks: 1
Chapter: 3
513 Minimum compensation payable in case of permanent total disablement is Rs :
A. 1,80,000
B. 1,40,000
C. 1,20,000
D. 1,60,000
Answer optionb
Marks: 1
Chapter: 4
514 Which of these is most likely to cause an accident in a workplace?
A. Administration
B. Manual handling
C. Adequate lighting
D. Excessive noise
Answer optionb
Marks: 1
Chapter: 4
515 This symbol means:
A. You must not smoke
B. You can use this area for smoking
C. You must not carry cigarettes or matches
D. You will not be able to find a fire extinguisher
Answer optiona
Marks: 1
Chapter: 4
516 In which year was the Workmen’s Compensation Act introduced?
A. 1948
B. 1976
C. 1923
D. 1961
Answer optionc
Marks: 1
Chapter: 4
517 The financial statement that shows the financial position of an enterprise at a particular point in time is the:
A. Statement of changes in equity
B. Balance sheet
C. Income statement
D. Cash flow statement
Answer optionb
Marks: 1
Chapter: 5
518 A fixed budget is:
A. A budget that never changes
B. A budget that itemises the fixed costs of a department
C. A budget that is set for a specified level of activity
D. A budget that ignores inflation
Answer optionc
Marks: 1
Chapter: 5
519 Which of the following is not a direct tax?
A. Income tax
B. wealth tax
C. gift tax
D. service tax
Answer optiond
Marks: 1
Chapter: 5
520 Excise duty can be levied on those goods which are
A. Manufactured in India
B. Sold in India
C. Removed from the factory
Answer optiona
Marks: 2
Chapter: 5
521 "C" items in ABC analysis are:
A. reviewed frequently.
B. particularly critical in financial terms.
C. ordered frequently.
D. often managed by the supplier.
Answer optiond
Marks: 1
Chapter: 6
522 Which one of the following is not a requirement for effective inventory management?
A. A system to keep track of inventory on hand
B. A classification system for inventory items
C. Reasonable estimates of holding and shortage costs
D. Using an EOQ model for determining order quantity
Answer optiond
Marks: 1
Chapter: 6
523 ___________________ also called part lists or building lists is the document generated at the design stage
A. MRP (Material Requirement Planning)
B. BOM ( Bill of Materials)
C. MPS ( Master Production Schedule)
D. ERP (Enterprise resourse Planning
Answer optionb
Marks: 1
Chapter: 6
524 A material requirements planning (MRP) system:
A. controls the "A" items.
B. maximizes inventory.
C. requires explosion of the bill of material as the basis of planning.
D. minimizes the use of data.
Answer optionc
Marks: 1
Chapter: 6
525 An ERP system automates much of the “back-office” work involved in fulfilling customer demand. “Front-office”, in this context, refers to :
A. Information
B. Employees
C. Customers
D. Database
Answer optiond
Marks: 2
Chapter: 6
526 Which of the following document is included in the quality system
A. quality policy
B. Customer focus
C. Commitment
D. All of the above
Answer optiona
Marks: 1
Chapter: 7
527 Characteristics of total quality management include:
A. focusing on customer satisfaction.

B. striving for continuous improvement.
C. involvement of the entire work force.
D. All of the above
Answer optiond
Marks: 1
Chapter: 7
528 Which of the following is the example of empowerment
A. Quality Circle
B. Training and development
C. TQM
D. None of these
Answer optiona
Marks: 1
Chapter: 7
529 The ISO quality assurance standard that applies to software engineering is
A. ISO 9000:2004
B. ISO 9001:2000
C. ISO 9002:2001
D. ISO 9003:2004
Answer optionb
Marks: 2
Chapter: 7
530 Income tax is paid by individual to central government is __________ .
A. a direct tax
B. wealth tax
C. property tax
D. service tax
Answer optiona
Marks: 1
Chapter: 5
531 Following is not the textile industry
A. Arvind
B. Welspun
C. IBP
D. Century
Answer optionc
Marks: 1
Chapter: 1
532 Out of following which is not the objective of good plan?
A. To reduce uncertainty
B. To increase productivity
C. To avoid heavy mental pressuress
D. To get money
Answer optiond
Marks: 1
Chapter: 2
533 ___________ are Balaji Telifilms,Bank of Maharashtra,Bata India Limited,Bharat Fertilizers Ltd etc.
A. Government Departments
B. Public companies
C. public corporations
D. all of the above

Answer optionb
Marks: 2
Chapter: 3
534 _____ could be manager,organizer,adviser,or controller.
A. Sleeping Partner
B. Active partner
C. Secret partner
D. Nominal partner
Answer optionb
Marks: 2
Chapter: 3
535 Which source of income is specified under - IT act, 1961
A. Salary
B. Business profits
C. Income from capital gains
D. All
Answer optiond
Marks: 1
Chapter: 5
_____________________ is the percentage of net earnings which is not paid out as dividends, but retained or kept by the company for reinvesting it for core bus
536
debt.
A. Retained earnings
B. Depreciation provisions
C. Deferred taxation
D. All of the above
Answer optiona
Marks: 1
Chapter: 5
537 ________________ is an agreement in which customer can purchase goods on account that is without paying cash or paying the supplier at a later date.
A. Credit facilities
B. Trade credit
C. Shares
D. Debentures
Answer optionb
Marks: 2
Chapter: 5
538 Which is worng statement?
A. Debentures carry a fixed rate of interest
B. Interest is payable only when there is profit
C. Debenture holders have no control on affairs of the company
D. All
Answer optionb
Marks: 2
Chapter: 5
539 The objective of the purchasing _____________
A. to produce or store right material
B. To store material from right and reliable supplier
C. Preparation of purchasing budget
D. Both ( Option i & ii)
Answer optiond
Marks: 1
Chapter: 6
540 Which is not the advantage of ERP?
A. Easy to implement without any training
B. Easier decision-making
C. All functions are inter-connected
D. System carries all data
Answer optiona
Marks: 2
Chapter: 6
541 Statement 1 - Quality circle is a problem solving technique Statement 2 - Quality circle is responsibility of management
A. Both 1 and 2 correct
C. 1 correct, 2 wrong
D. 1 wrong, 2 correct
Answer optionc
Marks: 1
Chapter: 7
542 When a worker works for _____ hours in a day or for more than 48 hours in any week, he shall be entitled to wages at the rate of twice his ordinary rate of wag
A. more than 9
B. less than 9
C. more than 8
D. less than 8
Answer optiona
Marks: 2
Chapter: 4
543 As per factory Act, a factory is a place which uses electricity for manufacturing process with minimum ________ workers.
A. 10 workers
B. 20 workers
C. 30 workers
D. 40 workers
Answer optiona
Marks: 1
Chapter: 4
544 In __________ firm there could be two or even more than two partners are there who share all profits and expeneses.
A. single ownership (private undertaking)
B. partnership
C. joint stock companies
D. cooperatice organization
Answer optionb
Marks: 2
Chapter: 3
545 Which is the correct limitation of project organization?
A. Heavy pressuress of work
B. complication of functions
C. Differences of opinions
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
546 The _______ is also known as working partner.
A. Sleeping Partner
B. Active partner
C. Secret partner
D. Nominal partner
Answer optionb
Marks: 1
Chapter: 3
547 Line and Staff oraganization is
A. Horizontal
B. Vertical
C. Bothe Horizontal and Vertical
D. None
Answer optionc
Marks: 1
Chapter: 3
548 Which of the following is part of Directing ?
A. Leadership
B. Communication
C. Motivation
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
549 There are three conditions or factors that affects decision making as follows:
A. Certainty
B. Risk
C. Uncertainty
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
550 "Management is getting the things done by others" is said by
A. Henry Fayol
B. Drucker
C. Mery parker
D. Fayol
Answer optionc
Marks: 1
Chapter: 2
551 Indian central bank is ________________
A. Shamrao Vitthal Co-oprative Bank (SVC)
B. State Bank of india(SBI)
C. Central Bank of India(CBI)
D. Reserve Bank of India(RBI)
Answer optiond
Marks: 1
Chapter: 1
552 Following is the main destination for capital inflows
A. india
B. USA
C. Pakistan
D. Australia
Answer optiona
Marks: 1
Chapter: 1
553 Tax revenue comes from
A. Income
B. Property
C. Commodities
D. All
Answer optiond
Marks: 1
Chapter: 5
554 India's Tax structure is ___________ in nature
A. Progressive
B. Aggressive
C. Cumulative
D. None
Answer optiona
Marks: 1
Chapter: 5
555 __________________ include maintenance of office, administration and management of the company or organization.
A. Opening stock
B. Purchases
C. Sales
Answer optiond
Marks: 1
Chapter: 5
556 Minimum capital required for day to day functioning is called is
A. Block capital
B. Fixed capital
C. Seasonal working capital
D. Permanent working capital
Answer optiond
Marks: 2
Chapter: 5
557 Examples of office and administrative expenses are
A. Telephone
B. Telegram
C. Postage
D. All of the above
Answer optiond
Marks: 2
Chapter: 5
558 _______________ is an intelligent activity includes decision making, selection of vendors etc.
A. Purchasing
B. Purchasing department
C. Procurement
D. Purchase order
Answer optionc
Marks: 1
Chapter: 6
559 Slow, never ending, continuous improvement in all aspects of life is ________________
A. QA
B. QC
C. TQM
D. Kaizen
Answer optiond
Marks: 1
Chapter: 7
560 Agriculture provides employment to almost _____ % of Indian work force.
A. 40
B. 70
C. 50
D. none of above
Answer optionc
Marks: 1
Chapter: 1
561 Which one is backbone of Indian economy?
A. Banking
B. IT
C. Textile
D. none of above
Answer optiona
Marks: 1
Chapter: 1
562 Hospitality falls under _______ sector.
A. public
B. retail
C. service
D. none of above
Answer optionc
Marks: 1
Chapter: 1
563 Which one is a long term goal?
A. plan
B. innovation
C. operation
D. vision
Answer optiond
Marks: 1
Chapter: 2
564 The broad objectives and policies are decided by:
A. Regional Manager
B. Marketing Manager
C. Chief Executive Officer
D. Production Manager
Answer optionc
Marks: 1
Chapter: 2
565 Gantt chart represents-
A. Critical activities in a project
B. Predetermine duration and actual progress of activities

C. Details of design of a project
D. none of above
Answer optionb
Marks: 1
Chapter: 2
566 Good _____ or salaries motivate people to work efficiently and make them satisfied and eventually they become loyal to the organization.
A. Unity of direction
B. Discipline
C. Remuneration
D. None of them
Answer optionc
Marks: 1
Chapter: 2
567 Arya Chanakya's Arthashatra written in the 3rd century BC provides guidelines for-
A. How to work efficiently and effectively
B. Utilisation of the organization's strengths and the importance of discipline
C. The policies of governance of a kingdom and people management
D. The policies and objectives of an organisation.
Answer optionc
Marks: 1
Chapter: 2
568 The main components of organization are:
A. Predefined, clear policies and procedures
B. Right division of authority and responsibility
C. Effective communication system
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
569 Which type of companies collects the capital from private partners?
A. Private limited
B. Public limited
C. Both i and ii
D. None
Answer optiona
Marks: 1
Chapter: 3
570 The _____ mainly focuses on the specialized area of the person and the person does the same job. This is also known as staff organization type.
B. Line and staff organization
D. All of the above
Answer optionc
Marks: 2
Chapter: 3
Match the pairs- 1. World bank a. No barriers to trade 2. International Monetary Fund b. Monetory policy 3. World Trade Organisation c. Basic health and edu
571
Reserve Bank of India d. Currency convertibility
A. 1-a, 2-b, 3-d, 4-c
B. 1-c, 2-b, 3-d, 4-a
C. 1-c, 2-b, 3-a, 4-d
D. 1-c, 2-d, 3-a, 4-b

Answer optiond
Marks: 2
Chapter: 3
572 Which fire fighting device is it?
A. Fire hydrant
B. Fire mains
C. Fire extinguisher
D. None of these
Answer optionc
Marks: 1
Chapter: 4
573 No adult worker shall be required or allowed to work in a factory on ____
A. Monday
B. Thursday
C. Weekly holiday
Answer optionc
Marks: 1
Chapter: 4
574 Knowledge of _______ and _______ is sufficient to understand the size, scale and financial position of a business.
A. Total revenue, Net profit (loss)
B. Profit, Loss
C. Account, Revenue
D. Profit, Expenses
Answer optiona
Marks: 2
Chapter: 5
575 What is function of inventory?
A. Minimize the lead time
B. Updated record keeping
C. Accurate record keeping
D. All of the above
Answer optiond
Marks: 1
Chapter: 6
576 Freight cost means-
A. Cost of packaging of material
B. Inspection cost
C. Cost to be paid by customer
D. Cost required for movement of material
Answer optiond
Marks: 1
Chapter: 6
577 What do you mean by services to customer?
A. Economy is buying
B. Continity to customers
C. Prompt supply of finished parts to customer
D. None of these
Answer optionc
Marks: 2
Chapter: 6
578 "Red tags" are used in which step of 5 "S" ?
A. Set in order
B. Sort
C. Standardise
D. Sustain
Answer optionb
Marks: 1
Chapter: 7
579 What is Brainstorming?
A. group of technique to create new ideas on act
B. individual technique to put new ideas on act
C. Both (A) and (B)
D. None of these
Answer optionc
Marks: 1
Chapter: 7
580 Find the correct order for the sequence stages for development of quality management. 1. Quality Control 2. Inspection 3.Quality assurance 4.Total quality man
A. 2,3,1,4
B. 2,1,4,3
C. 1,2,3,4
D. 2,1,3,4
Answer optiond
Marks: 2
Chapter: 7
581 What does ITES stands for ?
A. Information Technology Extended Service
B. Information Technology Enabled Services
C. Information Technology Education Services
D. Information Technology Energy Services
Answer optionb
Marks: 1
Chapter: 1
582 Which one is the process of getting activities completed efficiently and effectively with and through other people.
A. Leading
B. Controlling
C. Supervision
D. Management
Answer optiond
Marks: 1
Chapter: 2
583 Advantage of centralisation :
A. Greater quality
B. Greater control
C. Greater fluency of work
D. None of above
Answer optionb
Marks: 1
Chapter: 3
584 Which type of authority figure refers to:
A. Process
B. Line
C. Staff
D. Functional
Answer optionc
Marks: 1
Chapter: 3
585 Preventive measures that can be taken related to working environment are ___
A. Atmospheric conditions
B. Dangerous fumes
C. Working with unsafe speed
D. Safe workplace and working conditions
Answer optiond
Marks: 1
Chapter: 4
586 Financial activities are ____
A. Planning
B. Budgeting
C. Raising
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
587 The amount to be collected by a company is divided in equal number of parts known as -------
A. Shares
B. Capital
C. Management
D. None of these
Answer optiona
Marks: 1
Chapter: 5
588 When the company has confirmed export order and is in need of finance, the banks provide short term credits known as -
A. Export finance
B. Import duty
C. Import Finance
D. None of these
Answer optiona
Marks: 2
Chapter: 5
589 The purchasing function plays the role of mediator between _____ and ______ for purchase of material.
A. Vendor, control
B. Organization, control
C. Vendor, organization
D. Organization, vendors
Answer optionc
Marks: 2
Chapter: 6
590 Which one is a control chart ?
A. Q chart
B. M chart
C. C chart
D. S chart
Answer optionc
Marks: 1
Chapter: 7
591 The first preference in the components of TQM is __
A. To attempt and make continuous improvement
B. To develop quality of products
C. To the customer
D. To give training
Answer optionc
Marks: 1
Chapter: 7
592 Decision making means-
A. Taking decisions
B. Solving the problem
C. Selection of proper key
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
593 Banking sector involves
A. Regional Banks
B. Private Banks
C. Commercial Banks
D. All of above
Answer optiond
Marks: 1
Chapter: 1
594 Name the leval
A. Organisational leval
B. Scientific leval
C. strategical leval
Answer optionc
Marks: 2
Chapter: 2
595 The Principles of organization are-
A. Span of control
B. Division &grouping of work
C. Proper delegation of wok
D. All of above
Answer optiond
Marks: 1
Chapter: 3
596 Indetify the Organization structure
A. Departmentation
B. Administration
Answer optiona
Marks: 1
Chapter: 3
597 What is proprietorship ?

A. Combined ownership
B. Partenership
C. Individual ownership
Answer optionc
Marks: 2
Chapter: 3
598 More than 20 person are involved in……..
A. Joint stock
B. Partenership
C. Both i)&ii)
Answer optiona
Marks: 2
Chapter: 3
599 Accidents due to lack of maintenance of plant is because of______________
A. Machine
B. Natural Disaster
C. Management
D. worker
Answer optionc
Marks: 1
Chapter: 4
600 In which year was Factory act enacted to ensure the safety of workers?
A. 1952
B. 1948
C. 1975
D. 1980
Answer optionb
Marks: 1
Chapter: 4
601 ____________ improves the safety in an industry
A. Good house keeping
B. Reduced noise level
C. Material handling system
D. All of above
Answer optiond
Marks: 2
Chapter: 4
602 An unsecured loan that one offers to company as a creditor is known as__________________
A. Shares
B. Debentures
C. Stakes
D. None
Answer optionb
Marks: 1
Chapter: 5
603 _______________ is a method of buying goods by making installment payments over the period of time
A. Bank loans
B. Hire purchase
C. Sale and lease back

D. All of the above
Answer optionb
Marks: 1
Chapter: 5
604 Vijay received a car in his marriagefrom relatives of his uncle.Which tax will be applied on him
A. Income tax
B. Gift Tax
C. Service Tax
D. Estate Tax
Answer optionb
Marks: 2
Chapter: 5
605 _________________ contains an estimate of direct labour required in industry
A. Production budget
B. labour budget
C. Fixed budget
D. None of above
Answer optionb
Marks: 2
Chapter: 5
606 Which inventory includes the raw material required for industry ?
A. In-process inventory
B. Finished inventory
C. Indirect inventory
D. None of above
Answer optiond
Marks: 1
Chapter: 6
607 Which is the ERP software from below list
A. SAP
B. Peoplesoft
C. Tally ERP
D. None of above
Answer optiond
Marks: 1
Chapter: 6
608 What does the graph indicates
A. EOQ analysis
B. ABC analysis
C. Purchasing analysis
D. All of above
Answer optionb
Marks: 2
Chapter: 6
609 DMAIC' concept comes under which method
A. 5' s
B. Six sigma
C. Kaizen
D. TQM
Answer optionb
Marks: 1
Chapter: 7
610 Which is the standard for quality management system
A. None of below
B. ISO:9001:2008
C. ISO:9001:2000
D. ISO:9001:1996
Answer optionc
Marks: 1
Chapter: 7
611 Fill in the stages of DMAIC
A. Measure ,Include
B. Manage,Indicate
C. Manage, Improve
D. Measure, Improve
Answer optiond
Marks: 1
Chapter: 7
612 ________________________ created and established the'5's technique
A. Gilberth
B. F.W.Taylor
C. Henry Feyol
D. Prof. sam Ho
Answer optiond
Marks: 2
Chapter: 7
613 __________ has helped in increasing environmental protection in developed nations.
A. L-P-G
B. Globalization
C. Liberalization
D. Privatization
Answer optionb
Marks: 1
Chapter: 1
614 ______ in an organization as a blend of kindness and justice.
A. Scalar chain
B. Order
C. Equity
D. Unity of commands
Answer optionc
Marks: 1
Chapter: 2
615 __________ produces best result in terms of productivity.
A. Communication
B. Motivation
C. Leadership
D. All of the above
Answer optionb
Marks: 1
Chapter: 2
616 What is the function of administration ?
A. Planning
B. Motivating
C. Decision making
D. All of the above
Answer optionc
Marks: 1
Chapter: 2
617 If specialization or ________ is not used , the work done cannot be satisfactory.
A. Discipline
B. Division of work
C. Authority and responsibility
D. All of the above
Answer optionb
Marks: 1
Chapter: 2
618 Generally __________ flow of chain or direction of chain is from highest organization authority to the lower ranks
A. Scalar chain
B. Centralization
C. Discipline
Answer optiona
Marks: 1
Chapter: 2
619 Identify the process from figure
A. Coordinating
B. Decision making
C. Motivation
D. Controlling
Answer optionb
Marks: 1
Chapter: 2
620 _______ is accountability .
A. Authority
B. Responsibility
C. Banking
D. All of the above
Answer optionb
Marks: 2
Chapter: 2
621 _____ allows bending and blending without experiencing any grave setback or delay
A. Flexibility
B. Balance
C. Stability
Answer optiona
Marks: 1
Chapter: 3
622 _________ are Life Insurance Corporation of India (LIC)
A. Public corporation
B. Government departments
C. Public companies
D. All of the above

Answer optiona
Marks: 1
Chapter: 3
623 In Joint stock private Limited company _______
A. Government provides capital
B. No limitation for business activities
C. Government ensures control
D. Both i and iii
Answer optionb
Marks: 2
Chapter: 3
624 Following is the health provisions
A. Fencing of machinary
B. Washing facility
C. Cleanliness
D. All of the above
Answer optionc
Marks: 2
Chapter: 4
625 _______ is the life blood of a business enterprise.It is a universal lubricant which keeps an enterprise dynamic
A. VAD
B. Budget
C. Capital
D. Finance
Answer optionc
Marks: 1
Chapter: 5
626 _______ is used for all the current assets(Possesions or Property)
A. Net working capital
B. Gross working capital
C. Temporary working capital
D. Permanent working capital
Answer optionb
Marks: 1
Chapter: 5
627 For big industries , the amount of _________ is very large.
A. Depreciation provision
B. Retained provision
C. Deferred provision
D. All of the above
Answer optionc
Marks: 1
Chapter: 5
628 A _______ is one which relates to any of the function of an undertaking e.g sales , production , cash , etc.
A. Functional budget
B. Fixed budget
C. Variable budget
D. All of the above
Answer optiona
Marks: 2
Chapter: 5
629 ________ is a form of Indirect tax imposed on specified services called " Taxable Services".
A. Service tax
B. Indirect tax
C. Direct tax
D. Income tax
Answer optiona
Marks: 2
Chapter: 5
630 _______ is made oup of list of the sub assemblies as well as components that makes up the end product .
A. Master production schedule
B. Bill of material
C. Material resource planning
D. Inventory record file
Answer optionb
Marks: 2
Chapter: 6
631 Apllication of six sigma are _______
A. Maximize quality
B. Identify ways to increase production capacities of present equipment
C. Increases the cycle time for hiring and training new employees in organization
D. All of the above
Answer optionb
Marks: 2
Chapter: 7
632 A quality policy makes a foundation for _____
A. Commitment to quality
B. Objective related improvement
C. Objective related to customer requirements
D. All of the above
Answer optiond
Marks: 2
Chapter: 7
633 A plan for the co-ordination of resources and expenditures
A. Accounts
B. Finance
C. Ledger
D. Budget
Answer optiond
Marks: 1
Chapter: 5
634 Which one of the following is not a type of share
A. Cumulative share
B. Fixed share
C. Deferred share
D. Preference share
Answer optionb
Marks: 1
Chapter: 5
635 Person whose age is below 18 years is called a
A. Dependent
B. Workman
C. Minor
D. None of above
Answer optionc
Marks: 1
Chapter: 4
636 Industrial accidents are of the following types:
A. fatal
B. major
C. minor
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
637 In order to have flexibility,the maintenance activities must be supported by ---activities
A. Co-ordinate
B. Adaptive
C. Supportive
D. Financial
Answer optionb
Marks: 1
Chapter: 3
638 Departmenatation helps to improve ------ of an orgnasation.
A. Effectiveness
B. Life
C. Quality
D. Skills
Answer optiona
Marks: 2
Chapter: 3
639 A business plan depends upon the information of
A. Product
B. Material
C. Finance
D. Market
Answer optiond
Marks: 1
Chapter: 2
640 ______________ is the right to issue order or make decisions
A. To manage
B. Government policy
C. Supervise
D. Authority
Answer optiond
Marks: 1
Chapter: 2
641 According to Drucker the purpose of business
A. To get money
B. To acquire success in market
C. To satisfy customers
D. To create and keep customers
Answer optiond
Marks: 1
Chapter: 1
642 What does a business provide to the custmer in exchange of their money
A. Goods and services
B. Profit and services
C. Satisfaction and reliability
D. Knowledge and happiness
Answer optiona
Marks: 1
Chapter: 1
643 Main heads of income are
A. Salary
B. House property
C. Profit in business
D. All of the above
Answer optiond
Marks: 2
Chapter: 5
644 Working Capital is calculated as
A. Working Capital=Current Assets-Current Liabilities
B. Working Capital=FixedAssets-Current Liabilities
C. Working Capital=Current Assets-Fixed Liabilities
D. None
Answer optiona
Marks: 2
Chapter: 5
645 Fill the name of inventory in the blank space provided
A. Raw material
B. Indirect material
C. Work in progress
D. Finished goods
Answer optionb
Marks: 1
Chapter: 6
646 Purchasing is one of the funcion of ------ management
A. Production
B. Material
C. Design
D. None of these
Answer optionb
Marks: 1
Chapter: 6
647 In inventory management by ABC analysis A items most costly,item C are inexpensive and item B have cost between A and B which item is having highest inven
A. Item A
B. Item B
C. Item C
D. Item A and C
Answer optionc
Marks: 2
Chapter: 6
648 State owned or Co-operative businesses have one of their main objectives as the generation of………….
A. (a) Loss
B. (b) Profit
C. (c) Service the society/nation
D. (d) none
Answer optionc
Marks: 1
Chapter: 1
A commercial, industrial of professional activity undertaken by an individual or a group, e.g. the purchase & Sale of goods, providing services etc. in an attempt
649
profit is called
A. (a) Budget
B. (b) Business
C. (c) Hospital
D. (d) Education
Answer optionb
Marks: 1
Chapter: 1
650 Following are mentioned few duties.Which is not the duty of management?
A. a)To keep stability
B. b)To reduce wastages
C. c)To motivate staff
D. d)To do manufacturing
Answer optiond
Marks: 1
Chapter: 2
651 …………gives power in the hands of centre.
A. a)Responsibility
B. b)Centralisation
C. c)Authority
D. d)Discipline
Answer optionb
Marks: 2
Chapter: 2
652 Which type of organizational structure can be applied to small scale Industry?
A. Line
B. Line & Staff
C. Functional
Answer optiona
Marks: 1
Chapter: 3
653 What is the function of Gang Boss?
A. Repairing of Machines
B. Setting up Jobs on Machine
C. Deciding cutting tool and speed
D. Inspection
Answer optionb
Marks: 1
Chapter: 3
654 Which of the following is type of Departmentation?
A. By Product
B. By Design
C. By Quality
Answer optiona
Marks: 1
Chapter: 3
655 Which of the following is not a form of ownwrship?
A. Joint Stock
B. Proprietorship
C. Partnership
D. Dealership
Answer optiond
Marks: 2
Chapter: 3
656 Which of the following is preventive measure of accident?
A. a)Proper working condition
B. b)Proper wages
C. c)Proper feedback system
D. d)None of the above
Answer optiona
Marks: 1
Chapter: 4
657 Balance sheet is a statement of……………
A. a)Assets
B. b)Liabilities
C. c)Capital
D. d) All of the above
Answer optiond
Marks: 1
Chapter: 5
658 A fee levied by a government on a product,income or activity is called as…………
A. Tax
B. Duty
C. Fines
Answer optiona
Marks: 2
Chapter: 5
659 Excise tax are………….. Tax whereas custom duties are…………….taxes
A. a)Inland,Border
B. b)Border,Inland
C. c)Higher,lower
Answer optiona
Marks: 2
Chapter: 5
660 Percentage of total inventory for "A" category material is………….
A. a)less than 10%
B. b)10-20%
C. c)70-80%
Answer optiona
Marks: 1
Chapter: 6
661 The five great "M" of management are
A. a)Material,Management,Money,Methodology,Mobility
B. b)Men,Machine,Money,Material,Method
C. c)Management,Marketing,material,Mobility,Men
Answer optionb
Marks: 1
Chapter: 6
662 Inventory Control is concerned with………….
A. a)Acquisition
B. b)Storage & Handling
C. c)Use of Inventories
D. d)All of the above
Answer optiond
Marks: 2
Chapter: 6
663 Total Cost is calculated by adding
A. a)Order quantity & carrying cost
B. b)Purchase cost & selling cost
C. c)Procurement cost & carrying cost
D. d)carrying cost & tax
Answer optionc
Marks: 2
Chapter: 6
664 Objective of Quality Circle is….
A. To identify problems
B. To solve the problems
C. Both a & b
Answer optiona
Marks: 1
Chapter: 7
665 ISO stands for…….
A. Indian Standard Organization
B. International Organization for Standardization
C. Indian Organization for Standardization
D. International Standard Organization
Answer optionb
Marks: 1
Chapter: 7
666 Which of the following words does not include in 5S?
A. a)Sorting
B. b)Straighten
C. c)Shining
D. d)Safety
Answer optiond
Marks: 2
Chapter: 7
667 Which one of the following is the leading software exporter from India?
A. a)Banglore
B. b)Hydrabad
C. c)Chennai
D. d)Mumbai
Answer optiona
Marks: 1
Chapter: 1
668 ________reduces uncertainty
A. a)Working
B. b)Planning
C. c)organising
D. d)Leading
Answer optionb
Marks: 1
Chapter: 2
669 ________is the judgement of future
A. a)Forecasting
B. b)Planning
C. c)Mission
D. d)organising
Answer optiona
Marks: 1
Chapter: 2
670 The process of inspiring the subordinates to put in their best is known as
A. a)Motivation
B. b)Teamwork
C. c)Management
D. d)Leadership
Answer optiona
Marks: 1
Chapter: 2
671 Which is not type of communication
A. a)Voice mails
B. b)publications
C. c)formal presentation
D. d)listening
Answer optiond
Marks: 1
Chapter: 2
672 For a manager,to control or direct the work to an employee,the manager must have
A. a)Line authority
B. b)responsibility
C. c)Referent power
D. d)Staff authority
Answer optiona
Marks: 1
Chapter: 3
673 Who is responsible for the actual operations of various departments?
A. Top management
B. Board of directors
C. Misddle management
D. Frontline Management
Answer optionc
Marks: 2
Chapter: 3
674 Getting work done with a minimum of effort,expense or waste is the definition of
A. Efficiency
B. Effectiveness
C. Productivity
D. Palnning
Answer optiona
Marks: 2
Chapter: 3
675 Day as per factory act is :
A. 6am to 6pm
B. period of 12 hours
C. period between 2 midnights
Answer optiond
Marks: 1
Chapter: 4
676 Financial management aims at
A. financial control
B. control of cash
C. Management of earnings
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
677 Working capital is the capital which is needed to meet the…………
A. Day to day transaction
B. Short term purpose
C. Long term purpose
Answer optiona
Marks: 1
Chapter: 5
678 ________budget is the projection of cash inflow & outflow for a particular time period in future
A. cash
B. sales
C. material
D. capital expenditure
Answer optiona
Marks: 1
Chapter: 5
679 The balance sheet shows liabilities & assets of the
A. a)sales
B. b)company
C. c)production
D. d)owner
Answer optionb
Marks: 2
Chapter: 5
680 Inventory control means timely availability of all kind of materials
A. a)true
B. b)false
C. c)cant predict
D. d)partly true
Answer optiona
Marks: 1
Chapter: 6
681 5"S" designed to
A. organise work
B. increase efficiency
C. create a safe work place
D. all of these
Answer optiond
Marks: 1
Chapter: 7
682 Cause and effect diagram is used in
A. problem identification
B. field visits
C. vendor surveys
D. problem analysis
Answer optiond
Marks: 2
Chapter: 7
683 Why safety is necessary in Industry?
A. To protect the employees from injuries or accident
B. To minimize wastage
C. To increase productivity
D. All of the above
Answer optiona
Marks: 2
Chapter: 4
684 Daily working hours of an adult worker should not exceed____
A. 6 hours
B. 8 hours
C. 9 hours
D. 10 hours
Answer optionc
Marks: 1
Chapter: 4
685 How many members are required to start a public limited company?
A. Minimum 7
B. Minimum 2
C. Minimum 3
Answer optiona
Marks: 2
Chapter: 3
686 Which of the following should be included in partnership deed?
A. Nature of the business

B. Date of starting partnership
C. Shares of profit and losses
D. All of the above
Answer optiond
Marks: 2
Chapter: 3
687 In private limited company number of members are limited to ____
A. 100
B. 150
C. 50
D. 60
Answer optionc
Marks: 1
Chapter: 3
688 Business owned by single person is known as ____
A. Proprietorship
B. Private limited
C. Partnership
D. Joint stock
Answer optiona
Marks: 1
Chapter: 3
689 Proportional development of each department means_______
A. Balance
B. Stability
C. Flexibility
D. Progress
Answer optiona
Marks: 1
Chapter: 3
690 Passing down some work to his/her subordinates is known as_______
A. Delegation
B. Flexibility
C. Authority
D. Responsibility
Answer optiona
Marks: 1
Chapter: 3
691 Which of the following function of management includes recruitment?
A. Planning
B. Coordinating
C. Decision making
D. Staffing
Answer optiond
Marks: 2
Chapter: 2
692 Which of the following includes in Top level management?
A. Directors
B. CEO
C. General Manager
D. All of the above

Answer optiond
Marks: 1
Chapter: 2
693 Frank B. Gilbreth worked on_______
A. Human relation
B. Time and Motion study
C. Daily Balance sheet
Answer optionb
Marks: 1
Chapter: 2
694 Government established SEZ are for motivating_____
A. Textile Industry
B. Banking sector
C. IT Industry
D. All of the above
Answer optionc
Marks: 1
Chapter: 1
695 Which of the following is programme undertaken by Government of India?
A. Rashtriya Krishi Vikas Yojana
B. National Food Security Mission
C. National Horticulture Mission
D. All of the above
Answer optiond
Marks: 1
Chapter: 1
696 Producing more useful product from raw material is known as____
A. Trading
B. Service
C. Designing
D. Manufacturing
Answer optiond
Marks: 1
Chapter: 1
697 Financial Institutions________________
A. Insurance companies
B. Industrial financial management
C. Industrial development corporation
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
698 Shares means________________
A. Shares do not have maturity period
B. Shareholder is the real owner of the company.
C. Only a
D. Both a& b
Answer optiond
Marks: 1
Chapter: 5
699 Debentures is an ________________
A. Unsecured bonds issued by company.
B. It have fixed rate of interest & fixed maturity period.
C. Only a
D. Both A & B
Answer optiond
Marks: 2
Chapter: 5
700 Productions budget shows________________
A. Shows productions
B. Shows quality and quantities
C. Shows departmental budget & Gives total no of estimation production, scheduling of operation
D. All of the above
Answer optiond
Marks: 2
Chapter: 5
701 MRP is ____
A. Maximum Retail Price
B. Material Requirement Planning
C. Material Reliable Planning
D. Management of Resource Project
Answer optionb
Marks: 1
Chapter: 6
702 ABC is ____
A. Always Better Control
B. Always Basic Control
C. Always Better concept
Answer optiona
Marks: 1
Chapter: 6
703 The cost represented by material fluctuates and may comprise between___ % of the total project cost.
A. 20-50%
B. 25-50%
C. 30-60%
D. 25-45%
Answer optiona
Marks: 2
Chapter: 6
704 5. Percentage of total inventory for ‘C’ category material is ____
A. Less than 10%
B. 10 to 20%
C. 70 to 80%
Answer optionc
Marks: 2
Chapter: 6
705 Which of the following is not a key feature of TQM?
A. Continuous improvement
B. Team work, trust and empowerment

C. Establishing clear specification
D. Identify customers and their needs
Answer optionc
Marks: 2
Chapter: 7
706 LPO stands for ---------.
A. A) Legal Process Outsourcing
B. B) Limited Process Outsourcing
C. C)Limited Procedure Outsourcing
D. D) Last Procedure Outsourcing
Answer optiona
Marks: 1
Chapter: 1
707 Annual growth of approximate____is recorded in last five years by service industry.
A. A)10%
B. B)30%
C. C)20%
D. D)5%
Answer optionb
Marks: 1
Chapter: 1
708 Following is not advantage of globalisation
A. Increased competition
B. Huge amount of foreign investment
C. Access advanced technology
D. Access to external financing
Answer optiona
Marks: 1
Chapter: 1
709 Following is not principle of management-
A. Initiative
B. Scalar chain
C. Staffing
D. Responsibility
Answer optionc
Marks: 1
Chapter: 2
710 _____can be defined as the process by which a manager guides and influences the wotk of his subordinates
A. communication
B. leadership
C. motivation
D. All of the above
Answer optionb
Marks: 1
Chapter: 2
711 The _____ process transforms plans into reality
A. Planning
B. Organizing
C. directing
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
712 Advantages of line organization are
A. Easy communication among employees
B. almost no cofusions exists
C. Working speed in fast
D. All of the above
Answer optiond
Marks: 2
Chapter: 3
713 Which is not the effect of accident on the worker ?
A. Production stoppage
B. Injury to body
C. Loss of job
D. Financial loss
Answer optiona
Marks: 1
Chapter: 4
714 Internal sources are
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
715 The amount of working capital required depends on _____
A. Time required for manufacturing/selling the product
B. Credit facilities offered by suppliers
C. Credit facilities offered to the customers
D. All
Answer optiond
Marks: 1
Chapter: 5
716 The budgeting process usually begins with a _____budget
A. Master
B. Sales
C. Materials
D. Direct labour
Answer optionb
Marks: 2
Chapter: 5
717 ______is an instrument of management used as an aid in planning , programming and control of business activity
A. Finance
B. Capital
C. Budget
D. VAT
Answer optionc
Marks: 2
Chapter: 5
718 _____is the process of verifying or determining whether products or services meet or exceed customer expectations
A. Quality assurance
B. Quality Control
C. Quality circle
D. Quality management
Answer optiona
Marks: 2
Chapter: 7
719 IT sectors involves ________
A. ITES
B. Telecommunication
C. Both i&ii
D. None of above
Answer optionc
Marks: 1
Chapter: 1
720 heanry foyal proposed _____no. of principle of management
A. 10
B. 20
C. 14
D. 30
Answer optionc
Marks: 1
Chapter: 2
721 _______ gives power in the hands of centre
A. responsbility
B. centralisation
C. authority
D. dicipline
Answer optionb
Marks: 1
Chapter: 2
722 concetration in work is possible by_____
A. unity of cammand
B. responsbility
C. stability
D. authority
Answer optionc
Marks: 1
Chapter: 2
723 Meeting is the____communication
A. written
B. non verbal
C. formal
D. both i&ii
Answer optionc
Marks: 1
Chapter: 3
724 merits of functional organization_________
A. Because of specilization,responsbility are fixed
B. Expert advice can be received
C. better quality of products can be produced

D. all of the above
Answer optiond
Marks: 1
Chapter: 3
725 which are the essentials of organization
A. organizational chart
B. delegation
C. integration
D. all
Answer optiond
Marks: 1
Chapter: 4
726 Minimum number of directors in public limited company are
A. 7
B. 2
C. 10
D. 3
Answer optiond
Marks: 2
Chapter: 4
727 Short term sources for finance are required for
A. 0 to 1 year
B. 1 to 5 year
C. above 5 year
D. none
Answer optiona
Marks: 1
Chapter: 5
728 Important terminologies related to profit and loss account
A. Opening stock
B. Purchases
C. Sales
D. All
Answer optiond
Marks: 2
Chapter: 5
729 C' types of items of inventory are generally ____%of all Inventories
A. 20
B. 30
C. 50
D. 80
Answer optionc
Marks: 1
Chapter: 6
730 Procurement activity is _____ and takes more time
A. simple
B. Complicated
C. Difficult
D. none
Answer optionb
Marks: 1
Chapter: 6
731 The ____ keeps a track of inventory status for each items in the database
A. lead time
B. BOM
C. inventory record file
D. Product structure
Answer optionc
Marks: 1
Chapter: 6
732 Quality can not be
A. Compromised
B. Enforces discipline
C. invisible
D. none
Answer optiona
Marks: 1
Chapter: 7
733 _____ adopts the policy of zero defect . There is no scope for rework and rejection.
A. Deligation
B. Globalisation
C. TQM
D. EOQ
Answer optionc
Marks: 1
Chapter: 7
734 _____ realise on the use of normal distributions to predect defective rates
A. 5S
B. Six sigma
C. ERP
D. EOQ
Answer optionb
Marks: 2
Chapter: 7
735 ____ may result in 25 to 30 suggestion per employee , per year and over 90 % of those are implemented .
A. Kaizen
B. 5S
C. TQM
D. Six sigma
Answer optiona
Marks: 2
Chapter: 7
736 Line organization is suitable for
A. small concerns free from complexities
B. automatic & continuous process
C. a&b
D. larger enterprises
Answer optionc
Marks: 2
Chapter: 3
737 The process of grouping is known as
A. specialization
B. departmentation
C. coordination
D. all of above
Answer optionb
Marks: 1
Chapter: 3
738 Span of control may vary between
A. 1 to 10
B. 5 to 7
C. 2 to 20
D. all of above
Answer optionc
Marks: 1
Chapter: 3
739 Follwing is not a type of organization
A. project
B. line
C. process
D. functional
Answer optionc
Marks: 1
Chapter: 3
740 Scientific management could be summarized as
A. science, not rule of thumb
B. harmony, not discord
C. cooperation, not individualism
D. all of above
Answer optiond
Marks: 1
Chapter: 2
741 Henry Fayol is the father of
A. principle of management
B. functions of organization
C. theory of management
D. none of above
Answer optiona
Marks: 1
Chapter: 2
742 Middle management includes
A. superintendents
B. supervisors
C. Owners
D. foreman
Answer optiona
Marks: 1
Chapter: 2
743 administration consist of deciding
A. group of persons
B. goals
C. policies
D. b&c
Answer optiond
Marks: 1
Chapter: 2
744 Following is not a function of management
A. forecasting
B. directing
C. motivation
D. purchasing
Answer optiond
Marks: 1
Chapter: 2
745 Organising has following objective
A. assigning peoples to activities
B. providing suitable physical factors
C. indicating the relative authority
D. all of above
Answer optiond
Marks: 1
Chapter: 2
746 Which is a example of process industry
A. BHEL
B. Ranbaxy
C. Raymonds
D. RCF
Answer optionb
Marks: 1
Chapter: 1
747 Which is the example of trader
A. sub dealer
B. distributer
C. retailer
D. all of above
Answer optiond
Marks: 1
Chapter: 1
748 Business is a legally recognized organization which provide
A. goods
B. money
C. services
D. goods & services
Answer optiond
Marks: 1
Chapter: 1
749 A public limited company is an association of a minimum ____members
A. 7
B. 10
C. 20
D. 50
Answer optiona
Marks: 2
Chapter: 3
750 Which is a category of cause of accident
A. social
B. environmental
C. personal
D. b & c
Answer optiond
Marks: 1
Chapter: 4
751 Followings are fixed capital
A. furniture
B. land
C. equipments
D. all of above
Answer optiond
Marks: 1
Chapter: 5
752 Financial statements include
A. profit & loss statement
B. ledger book
C. balance sheet
D. both A and C
Answer optiond
Marks: 1
Chapter: 5
753 A right granted to an individual or group to market a company's product within a certain territory is
A. trade credit
B. franchising
C. cash credit
D. discounting of bill
Answer optionb
Marks: 1
Chapter: 5
754 Which of the following factors affect a production budget
A. inventory policies
B. plant capacity
C. continuity of production
D. all of above
Answer optiond
Marks: 2
Chapter: 5
755 A detailed list of movable items which are required for manufacturing is
A. purchase order
B. inventory
C. balance sheet
D. account statement
Answer optionb
Marks: 1
Chapter: 6
756 Which is the operational objective of inventory management
A. avoid over-stocking & under-stocking
to maintain investment in inventory

B.
C. to keep material cost under control
D. b&c
Answer optiona
Marks: 1
Chapter: 6
757 ABC analysis is based on the principle
A. vital many-trivial few
B. vital few-trivial many
C. only vital
D. only trivial
Answer optionb
Marks: 1
Chapter: 6
758 % of total consumption cost for B class items is
A. 15 to 25
B. 10 to 12
C. 50 to 60
D. 95 to 100
Answer optiona
Marks: 1
Chapter: 6
759 EOQ can be used by
A. departmental stores
B. make-to-stock manufacturers
C. a & b
D. none of above
Answer optionc
Marks: 2
Chapter: 6
760 Elements of quality circles are
A. top management
B. facilitator
C. middle management
D. a&b
Answer optiond
Marks: 1
Chapter: 7
761 A nominated senior person of an area & ought to catalyze & stimulates the quality circles is
A. coordinator
B. facilitator
C. circle leader
D. member
Answer optionb
Marks: 1
Chapter: 7
762 Which is not a type of working capital?
A. Temporary working capital
B. Gross working capital
C. Legal working capital
D. Net working capital

Answer optionc
Marks: 1
Chapter: 5
763 A --------- is a book or computer file in which all monetary transactions are originally entered.
A. Budget
B. Journal
C. An Account
D. Ledger
Answer optionb
Marks: 1
Chapter: 5
764 Which is not included in "Wage" under "Minimum Wages Act"?
A. Gratuity
B. Travelling Allowance
C. P.F
D. All
Answer optiond
Marks: 1
Chapter: 4
765 Which is not the advantage os joint stock compaany?
A. No Autocracy
B. Effective division of work
C. Easy to form
D. Buisness life is longer.
Answer optionc
Marks: 2
Chapter: 3
766 Functional organisation is suitable for ------------.
A. SSI
B. For highly specialised work
C. LSI
D. MSI & LSI
Answer optionb
Marks: 1
Chapter: 3
767 Which type of organization structure is shown below?
B. Functional Organization
C. Line and Staff Organization
Answer optionc
Marks: 1
Chapter: 3
768 About 'Sleeping Partner' which statement is wrong?
A. Do not share profit / loss
B. They do investment
C. Do not active in daily work
D. Also called as silent partner
Answer optiona
Marks: 1
Chapter: 3
769 What is like a brake system in automobiles?
A. Management
B. Planning
C. Controlling
D. Directing
Answer optionc
Marks: 1
Chapter: 2
770 Insurance which provides protection against loss or damage caused by hurricanes..?
A. Volcano Insurance
B. Terrorism Insurance
C. Wind Storm Insurance
D. Crop Insurance
Answer optionc
Marks: 1
Chapter: 1
771 It is not a type of Buisness
A. Service
B. Manufacturing
C. Trade
D. Hospitality
Answer optiond
Marks: 1
Chapter: 1
772 Bonds/Debentures or Team loans from Banks are called as-------.
A. Share Capital
B. Other long term liablities
C. Reserves and Surplus
D. Long term provisions
Answer optionb
Marks: 2
Chapter: 5
773 Goodwill,Brands/trademarks,Compuer Software ,Mining rights,Copyrights & patents are known as------
A. Tangible Assets
B. Capital work-in-progress
C. Intangible Assets
D. None
Answer optionc
Marks: 2
Chapter: 5
774 "-----------" is a computer based system designed to streamline & integrate various operations & informations fows in the compony.
A. MRP
B. MPS
C. ERP
D. TQM
Answer optionc
Marks: 1
Chapter: 6
775 Economic Order Quantity of material takes into account ordering costs and -----------.
A. Carying Costs
B. Lead time
C. Re-order level
D. Maximum level
Answer optiona
Marks: 1
Chapter: 6
776 Modern Technique of Mateial management is--------.
A. ISO
B. MRP
C. TQM
D. EOQ
Answer optionb
Marks: 2
Chapter: 6
777 Order costs and Carrying costs are---------.
A. Fixed
B. Variable
C. Semi-Variable
D. Indirect costs
Answer optionb
Marks: 2
Chapter: 6
778 One of the principles of TQM, Quality is------.
A. A long term investment or asset
B. A short term investment or asset
C. Not an investment or asset
D. None of these
Answer optiona
Marks: 1
Chapter: 7
779 5S includes the phases in following order-----
A. Sort-Set in order-Shine-Sustain-Standardize
B. Sort-Set in order-Shine-Standardize-Sustain
C. Sustain-Standardize-Shine-Set in order-Sort
D. Set in order-Standardize-Shine-Sort-Sustain
Answer optionb
Marks: 2
Chapter: 7
780 the occupation of a farmer falls under
A. primary sector
B. tertiary sectory
C. secondary structurs
D. manufacturing sector
Answer optiona
Marks: 1
Chapter: 1
781 the ------ sector of India attracts the highest foreign investment
A. chemical
B. pharmaceutical
C. textile
D. information technology
Answer optiond
Marks: 1
Chapter: 1
782 the relaxation of rules and regulation on industries is known as
A. liberalisation
B. privatisation
C. modernisation
D. industralisation
Answer optiona
Marks: 1
Chapter: 1
783 the author of principles of scientificmanagement was
A. F.W.Taylor
B. harold koontz
C. mary follet
Answer optiona
Marks: 1
Chapter: 2
784 the fourteen principles of managent were put forth by
A. Henry Feyol
B. F.W.Taylor
C. Gilberth
D. Juran
Answer optiona
Marks: 1
Chapter: 2
785 forecasting is
A. Thinking before doing
B. judgement of future
C. Thinking during doing
D. deciding in advance
Answer optionb
Marks: 1
Chapter: 2
786 the right to issue orders or make decisions is called
A. responsibility
B. authority
C. supervision
D. controlling
Answer optionb
Marks: 1
Chapter: 2
787 Ashoka hotel near by house is owned by my friends father ,it is example of
A. proprietorship
B. Partnership
C. public sector
Answer optiona
Marks: 1
Chapter: 3
788 My friend met with a car accident because the brakes could not be applied this can be termed as which form of accident
A. Mechanical causes of an Accident
B. Natural Cause of an accident
C. Human error
D. All the above
Answer optiona
Marks: 1
Chapter: 3
789 Various Cost associated with ordering and receiving goods are known as
A. holding cost
B. procurement cost
C. Resource Planning
D. inventory cost
Answer optionb
Marks: 1
Chapter: 5
790 the integration process of business management is called
A. EOQ
B. ABC Analysis
C. ERP
Answer optionc
Marks: 2
Chapter: 5
791 Customer should be the focus is an important attribute of
A. Total quality management
B. quality control
C. quality assurance
D. i, ii, iii, and iv
Answer optiona
Marks: 2
Chapter: 5
792 the ________ helps in finding the key cause of a problem
A. Pareto's chart
B. All those who are working in the organisation
C. All those who are managers
D. brainstroming
Answer optiona
Marks: 1
Chapter: 6
793 rajesh is an working for state electricity board, he has to attend a complain,before going to atttend the complain he has to take.
A. licence
B. work permit
C. order from the local authority
Answer optionb
Marks: 2
Chapter: 6
794 one of the following is not a part of material resource planning
A. production schedule
B. bill of materials
C. inventory records
D. details of the employees
Answer optiond
Marks: 1
Chapter: 7
795 In ABC analysis_______items are costly and significant
A. A items
B. B items
C. Citems
Answer optiona
Marks: 1
Chapter: 7
796 It is not one of classification of Inventory,
A. Raw Inventory
B. In process inventory
C. Finish inventory
D. All of the above .
Answer optiond
Marks: 1
Chapter: 5
797 Which of the following is a fixed capital,?
A. Equipments and machinery cost
B. Payment of employees
C. Equipment andf plant maintenance cost
D. Transport and shipping expenses.
Answer optiona
Marks: 1
Chapter: 4
798 Causes of accidents can be,
A. Technical cause
B. Mechanical cause
C. Personal factor
Answer optiond
Marks: 1
Chapter: 3
799 ________is the ability to influence or to cause a person to perform and act.
A. Power
B. Authority
C. Position
D. Efficiency
Answer optionb
Marks: 1
Chapter: 3
800 Which are the aims of forming an organization?
A. Team work
B. Combined efforts
C. Responsibility on all
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
801 The first and foremost activity of management is ,
A. Designing
B. Organising
C. Planning
D. Staffing
Answer optionc
Marks: 1
Chapter: 2
802 Which is not the part of 4 M's management,
A. Man
B. Motivation
C. Machine
D. Money
Answer optionb
Marks: 1
Chapter: 2
803 GATT is created in ___________
A. 1950
B. 1947
C. 1948
D. 1951
Answer optionb
Marks: 1
Chapter: 1
804 The WTO gave a real boost to theprocess of,
A. Globalization
B. Privatization
C. Liberalization
D. Industrialisation
Answer optiona
Marks: 1
Chapter: 1
805 TQM believes in systematic training as a need for achieving_______
A. Quality
B. Quantity
C. Accidents
Answer optiona
Marks: 2
Chapter: 5
806 Which of the following is not benefit of QMS,?
A. Higher rate of customer satisfaction
B. motivated employees
C. Continued improvement
Answer optiond
Marks: 2
Chapter: 5
807 Quality is a ________concept
A. Relative
B. vacuum
C. Absolute
Answer optiona
Marks: 1
Chapter: 6
808 LIC of India is an example of,
A. Single ownership
B. Partnership
C. Government owned public limited
D. joint stock company
Answer optionc
Marks: 1
Chapter: 6
809 First step in decision making is ,
A. Finding out an alternatives
B. Evaluation
C. Analysis
D. Recognize the problem
Answer optiond
Marks: 1
Chapter: 6
810 To prevent exploitation of the employess,this act aims at fixing minimum wages which they must get,
A. The payment of wages act,1936
B. The minimum wages act,1948
C. The workmen's compensation act,1923.
D. The industrial dispute act,1947.
Answer optionb
Marks: 2
Chapter: 6
811 Identify the business sector which make a product from raw material or a component parts , which then they sell at a profit from the following lists of business s
A. a) Service providers
B. b) manufacturing
C. c) trade
D. d) none of these
Answer optionb
Marks: 1
Chapter: 1
812 What do you mean by " Management"?
A. a) an art
B. b) science
C. c)An art and Science
D. d) None of these
Answer optionc
Marks: 1
Chapter: 2
813 Line Organisation is suitable for -
A. a) Small Scale Industries
B. b) Medium Scale Industries
C. c) Large Scale Industries

Answer optiona
Marks: 1
Chapter: 2
814 The function of management by which it transfers its ideas and information to subordinates is called :
A. a) Planning
B. b) controlling
C. c) Motivating
D. d) Directing
Answer optiond
Marks: 1
Chapter: 2
815 Which of the following are Principles of Management ?
A. a) Discipline
B. b) Initiative
C. c)Division of work
Answer optiond
Marks: 1
Chapter: 2
816 Name the factors in deciding structure of organisation
A. Functional Organisation
B. Specilisation
C. Types of Products
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
817 Line Organisation is observed in which of the following organisations ?
A. Joint stock company
B. Any medium scale company
C. Military
D. All of the above
Answer optionc
Marks: 1
Chapter: 3
818 Which of the following are forms of Ownership ?
A. Sole Proprietorship
B. Partnership
C. Joint stock companies
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
819 Heat Treatment shop ' in Kirloskar industries is an example of -
A. Departmentation by function
B. Departmentation by product
C. Departmentation by process
D. Departmentation by location
Answer optionc
Marks: 1
Chapter: 3
820 Figure shows organisation structure of one of the departments of ABC Cars Limited . Identify the Method of Departation ?
B. Departmentation by product
D. Departmentation by location
Answer optionb
Marks: 2
Chapter: 3
821 Which of the following are types of accidents ?
A. a) Minor Accidents
B. b)Fatal Accidents
C. only a
D. a and b both
Answer optiond
Marks: 1
Chapter: 4
822 Which of the following are silent features of Employee's State Insurance Act ,1948 ?
A. a) Finance and Audit
B. b) Contribution and benefits
C. a and b both
D. d)None of the abov
Answer optionc
Marks: 1
Chapter: 4
823 Find the odd one out from the Industrial Acts listed below :
A. a) Workmen's Compensation Act,1924
B. b) Industrial Dispute act ,1947
C. Minimum wages Act
D. d) Income ,Payment and Wages Act.
Answer optiond
Marks: 1
Chapter: 4
In a Medium scale industry , while operating a machine a worker was seriously injured . He was immediately taken to hopistal but he is affected by fatal acciden
824
mean by fatal accident ?
A. a) Hospitalisation
B. b) Permanent Diasability
C. c) Major fracture
D. d) Death
Answer optiond
Marks: 2
Chapter: 4
825 Capital can be defined as -
A. a) Funds available with owner
B. b) Wealth which yields income or helps in the production of further income
C. c) Funds required for establishing an organisation
D. d) Circulating capital available with organisation
Answer optionb
Marks: 1
Chapter: 5
826 which of the following points highlights Sales budget of an organisation ?
A. Income from sales and sales expenditure

B. Sales Forecast and Expenses for advertisement
C. Products likely to be sold and salesmanship
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
827 Canons of Taxation should have-
A. Equity and Economy
B. Certainty and Convenience
C. A and B Both
D. None of these
Answer optionc
Marks: 2
Chapter: 5
828 Figure shows a format of Annual Budget of KGTD Blow Plasts Limited. Identify the type of budget to be filled in at the blank space provided in budget sheet.
A. a) Production Budget
B. b) Sales Budget
C. c) Financial Budget
D. d) None of these
Answer optionb
Marks: 2
Chapter: 5
829 Identify the functions of Material Management-
A. a) Material Planning and Scheduling
B. b) Purchasing and subcontracting
C. c)Warehousing and Material Hndling
Answer optiond
Marks: 1
Chapter: 6
830 In ABC Analysis which of the following inventory needs full record -keeping treatment and a regrious observation on stock positions of these items ?
A. a)C
B. b)A
C. c)B
D. d) a and b both
Answer optionb
Marks: 1
Chapter: 6
In an automobile industry the various items are classsified into 'A','B' and 'C' . In which item A needs full record keeping , item B needs medium record keeping
831
whereas item C may not require much record keeping. In this system of inventory control the material is devided into A,B, and C on the basis of-
A. a) Material Quantity
B. b) Re order level of each material
C. c) Consumption value of material
Answer optionc
Marks: 2
Chapter: 6
832 Which of the following refers to a solution of efficient knowledge Management ?
A. 5S
B. Six Sigma
C. Kaizen
All of the above

D.
Answer optionb
Marks: 1
Chapter: 7
An organisation need a documented procedure to control quality documments. In that case everyone must access to up -to-date documents and be aware of how
833
a clause -
A. Factory Act
B. ISO: 9001
C. Minimum Wages Act
D. Workmen's Compensation Act
Answer optionb
Marks: 1
Chapter: 7
Figure shows Principle of 5 'S' refers to Japanese words which have been translated into English language. Fill in the appropriate words in the figure at S2 and
834
complete 5'S' principle.
A. a) S2-Sort , S4 -Systemize
B. a) S2-Systemize , S4 - Sort
C. a) S2- Solve , S4 -Systemize
D. a) S2-Systemize , S4 -Solve
Answer optiona
Marks: 2
Chapter: 7
835 Laying out plants,designing and manufacturing machines for industry is done by ------------------- engineering industry
A. Industrial
B. civil
C. mechanical
D. chemical
Answer optiona
Marks: 1
Chapter: 1
836 The significant activities of management are ----------------------
A. Coordinating
B. Decision making
C. motivating
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
837 Scientific management is one of the areas of -------------------------- school
A. Behavioral school
B. systems school
C. Classical school
Answer optionc
Marks: 1
Chapter: 2
838 The number of people working at the lower level is ---------------- than that of higher level
A. More
B. Equal
C. Less
D. depends on the type of organization
Answer optiona
Marks: 1
Chapter: 2
839 Duties of administration are ----------------
A. Policy making
B. Decision making
C. Making necessary adjustments
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
840 Quality of leadership is ------------
A. Forward-looking
B. Intelligent
C. Honest
D. All of the above
Answer optiond
Marks: 2
Chapter: 2
841 Organization has following characteristics
A. Group is leaded by executive leader
B. Important tool of management is organization
C. small or large group of people
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
842 Organization can be defined as -----------------------------
A. Establishing realationsahip for the purpose of enabling people to work most effectively together in accomplishing objectives
B. The process of identifying and grouping the work to be performed
C. Defining and delegating responsibility and authority
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
843 The ___________________ makes a combination of the line organization with the staff departments that helps and advice line departmets
D. All of the above
Answer optionb
Marks: 1
Chapter: 3
844 The partner who contibutes capital,shares profit and losses of the firm but does not contribute in day to day activities or affairs of the firm is called --------------
A. Nominal Partner
B. Minor Partner
C. Sleeping Partner
D. Secret Partner
Answer optionc
Marks: 1
Chapter: 3
845 The Life Insurance Corporation of India (LIC) is __________

B. public companies
C. public corporations
D. All of the above
Answer optionc
Marks: 2
Chapter: 3
Company "X" has limited number of share holders and the scope of business is limited where as company "Y" has unlimited number of share holders and has a
846
business. So "Y" comes under which category?
A. Joint stock private ltd. Company
B. Ownership Company
C. Cooperative organization
D. Joint stock public ltd. Company
Answer optiond
Marks: 2
Chapter: 3
847 Which out of the following is not a mechanical factor or cause of accidents ?
A. non-use of safety devices.
B. leaking acid valve.
C. protruding nails
D. broken safety guards
Answer optiona
Marks: 1
Chapter: 4
848 ------------------- is used for all the current assests
A. Gross working capital
B. Net working capital
C. Permanent working capital
D. Temporary working capital
Answer optiona
Marks: 1
Chapter: 5
849 ------------------ = Total current assets - Total current liabilities
A. Gross working capital
B. Net working capital
C. Permanent working capital
D. Temporary working capital
Answer optionb
Marks: 1
Chapter: 5
------------------- is one or more source of capital where the person uses his/her own funds from different sources like savings,investments in share market, mutual
850
deposits etc.
C. deferred taxation
D. Personal funds saved or inherited
Answer optiond
Marks: 1
Chapter: 5
851 The ----------------- depends upon the ability to perfect income,sales or shipments with atleast a no provision is made for any changes may occur during period.
A. Fixed budget
B. Variable budget
C. functional budget
D. All of the above
Answer optiona
Marks: 2
Chapter: 5
852 What comes in the empty box?
B. Short term source of finance
C. Personal funds
D. Fixed Assests
Answer optionb
Marks: 2
Chapter: 5
853 ----------------- include lubricants and other items needed for proper operation.
A. Raw Inventories
Answer optiond
Marks: 1
Chapter: 6
854 ------------------ is made up of list of the sub assemblies as well as components that make up the end product.
B. Inventory record file
C. Bill-of-material
D. Material resource planning
Answer optionc
Marks: 2
Chapter: 6
855 ------------- is a small group of employees of the same work area,doing similar work that meets voluntarily and regularly to identify,analyze and resolve work rela
A. Quality circle
B. Quality control
C. Quality
Answer optiona
Marks: 1
Chapter: 7
856 ---------------- is the process for verifying or determining whether products or services meet or exceed customer expectations.
A. Quality Management
B. Quality control
C. Quality Assurance
D. Quality Circle
Answer optionc
Marks: 1
Chapter: 7
857 Quality is a relative term & is used with reference to the end use of
A. Product
B. Quantity
C. ERP
D. MRP
Answer optiona
Marks: 1
Chapter: 7
858 Inventory consist of
A. Raw material
B. Work in Progress
C. Finished Products
D. All
Answer optiond
Marks: 2
Chapter: 6
859 A medium to long term debt instrument bearing fixed interest issued by a company is referred to as ..
A. Shares
B. Debentures
C. Fixed Deposit
D. All
Answer optionb
Marks: 2
Chapter: 5
860 Tax charged by insurance company on policy is
A. Income Tax
B. Works Tax
C. Service Tax
D. Excise Duty
Answer optionc
Marks: 1
Chapter: 5
861 Tax being charged on value addition are called
A. Custom Duty
B. Sales Tax
C. VAT
D. All
Answer optionc
Marks: 2
Chapter: 5
862 Custom Duty, Import Duty, or Export Tax is a part of
A. Direct Tax
B. Indirect Tax
C. Fixed Capital
D. Working Capital
Answer optionb
Marks: 1
Chapter: 5
863 Inventory belongs to
A. Fixed Capital
B. Working Capital
C. Fixed Liability
D. None
Answer optiona
Marks: 1
Chapter: 5
864 Machinery Head belongs to

A. Fixed Capital
B. Working Capital
C. Fixed Liability
D. None
Answer optiona
Marks: 1
Chapter: 5
865 Safety in an industry is the responsibility of
A. Manager
B. Works Manager
C. Workers
D. all of the above
Answer optiond
Marks: 1
Chapter: 4
866 Irregular Salary to the employees comes under which act
A. Minimum Wage Act
B. Indian Factory Act
C. Workmen's Compensation Act
D. All
Answer optiona
Marks: 2
Chapter: 4
867 Which is not included in the cause of accident due to management
A. Bad construction of Plant
B. Untrained Workers
C. Bad habit of workers
D. Faulty Equipments
Answer optionc
Marks: 1
Chapter: 4
868 No. of Subordinates handled by one manager effectively termed as
A. Span of Control
B. Responsibility
C. Authority
D. Delegation of Authority
Answer optiona
Marks: 1
Chapter: 3
869 Which one is an example of Co-operative Company
A. Reliance Industries Ltd.,
B. Amul Dairy Ind.
C. Samsung India Ltd.
D. All
Answer optionb
Marks: 1
Chapter: 3
870 In which type of company the liabilities is limited
A. Proprietorship
B. Partnership
C. Joint Stock Company

D. All
Answer optionc
Marks: 1
Chapter: 3
871 Following is not the Principle of Management
A. Authority
B. Discipline
C. Equity
D. Planning
Answer optiond
Marks: 1
Chapter: 2
872 Chief Executive Officer has
A. More Authority & More Responsibility
B. More Authority & less Responsibility
C. less Authority & More Responsibility
D. less Authority & less Responsibility
Answer optiona
Marks: 1
Chapter: 2
873 Defining a problem is a first step of
A. Decision Making
B. Organizing
C. Planning
D. Directing
Answer optiona
Marks: 1
Chapter: 2
874 Function of Management does not include
A. Planning
B. Organising
C. Co-ordination
D. Observation
Answer optiond
Marks: 1
Chapter: 2
875 Dr.Mccregar is famous for
A. Theory X and Theory Y
B. Productivity Theory
C. Co-ordinated work theory
D. Task & Bonus Theory
Answer optiona
Marks: 1
Chapter: 2
876 LPG Stands for
A. Liquid Petroleum Gas
B. Liberalization , Privatization, Globalization Policy
C. Liquid Petrol & Gas
D. None
Answer optionb
Marks: 1
Chapter: 1
877 People of entire world are unified into a single society and function together called as
A. Nationalism
B. Globalisation
C. Industrialization
D. All
Answer optionb
Marks: 1
Chapter: 1
878 Total Quality Management mean
A. Improves Reputation
B. Higher employee morale
C. Lower Cost
D. All
Answer optiond
Marks: 1
Chapter: 7
879 In Six Sigma Quality Improvement Programme As the Level of Sigma increases defect rate will
A. Increases
B. Decreases
C. Not dependant
D. None
Answer optionb
Marks: 2
Chapter: 7
880 ABC Company is a time-sharing company, means they are into --------------- business.
A. Hospitallity
B. Banking
C. Health care
D. Service
Answer optiona
Marks: 1
Chapter: 1
881 Ministry of Human resource Development is a part of ----------------------- sector.
A. IT
B. Service
C. Trade
D. Engineering
Answer optionb
Marks: 1
Chapter: 1
882 Management is--------------
A. Science
B. Art
C. Profession
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
883 Vice President -Production will come in _______________ level of management
A. Top
B. Middle
C. Lower
D. Top -Middle
Answer optiona
Marks: 1
Chapter: 2
884 Board of Directors are a part of _____________________
A. Authority
B. Controlling
C. Mnagement
D. Administration
Answer optiond
Marks: 1
Chapter: 2
885 XYZ company says "we are an equal opportunity employer for progress of society and employees", means they follow
A. Espirit De Corps
B. Unity of Direction
C. Team work
D. Equity
Answer optiond
Marks: 2
Chapter: 2
886 All rounders are seen in
B. Partnership
C. Line and Staff Organisation
D. Project Organisation
Answer optiona
Marks: 1
Chapter: 3
887 Specialist are seen in
B. Joint Stock Company
C. Line and Staff Organisation
D. Project Organisation
Answer optionc
Marks: 1
Chapter: 3
888 PQR Company produces shampoos of various fragrances. Hence their departmentation will be by_________
A. Function
B. Product
C. Process
D. Function and Process
Answer optionb
Marks: 1
Chapter: 3
Mr. Y is a partner in MZ firmm.He is always ready to provide finanace ,but never contributes in decion making process. But legally is binded in case any legal a
889
taken on the firm. Hence he is __________partner
A. Lazy
B. Active
C. Sleeping
D. Non working
Answer optionc
Marks: 2
Chapter: 3
890 If a factory employs more than1000 workers, it should appoint a qualified _________to carry out prescribed duties.
A. safety officers
B. welfare officer
C. security officer
Answer optiona
Marks: 1
Chapter: 4
891 Patents' are a form of ______________
A. Working capital
B. Fixed Capital
C. None of the following
D. Net working Capital
Answer optionb
Marks: 1
Chapter: 5
892 CBEC atands for________________
A. Central Board of Exact and Customs
B. Control Board of Excise and Customs
C. Central Board of Excise and Customs
D. Central Board of Excise and Customers
Answer optionc
Marks: 1
Chapter: 5
893 Assets' are preferrably seen in ____________
A. Budget
B. Balance Sheet
C. Profit and Loss statement
D. Production Budget
Answer optionb
Marks: 1
Chapter: 5
894 ___________ is a multi point system of taxing
A. VAT
B. Income tax
C. Customs Duty
D. Excise Tax
Answer optiond
Marks: 2
Chapter: 5
895 If the fixed monthly income of Mr. Kiran is Rs. 50,000. Mr.Kiran is of age 62 years.Hence he will pay income tax of ___________
A. Rs.120000
B. Rs. 70000
C. Rs. 350000
D. Rs. 50000
Answer optionb
Marks: 2
Chapter: 5
896 BOM needed in materials management stands for__________________
A. Bill of Machines
B. Bill of Materials
C. Business of materials
D. Bill of Money
Answer optionb
Marks: 1
Chapter: 6
897 Carrying cost means_______________
A. Inventory Maintaining cost
B. Storage cost
C. Interest on the capital invested in the inventory
D. All of the above
Answer optiond
Marks: 1
Chapter: 6
898 The optimum quantity of orders that minimizes the inventory carrying cost and ordering cost is given by _________________ technique
A. MRP
B. ERP
C. EOQ
D. ABC
Answer optionc
Marks: 1
Chapter: 6
899 An ERP can have the following modules
A. Human Resource
B. Customer Relation ship Management
C. Supply Chain Management
D. All of the above
Answer optiond
Marks: 2
Chapter: 6
900 Primaware is power company having global presence and good business. As a consultant to the company for better material management you will suggest_____
A. MRP
B. TQM
C. ERP
D. BOM
Answer optionc
Marks: 2
Chapter: 6
901 QC stands for ____________________
A. Quality Control
B. Quality Circle
C. Quantity Control
D. Quality Core
Answer optiona
Marks: 1
Chapter: 7
902 Aspects of quality__________________
A. Good design
B. Good Functionality
C. After sales services
D. All of the above
Answer optiond
Marks: 1
Chapter: 7
903 "Right at first time" means
A. Six Sigma
B. TQM
D. Quality
Answer optionb
Marks: 1
Chapter: 7
904 In KAIZEN "KAI" means
A. Good design
B. Good
C. Change
D. Change for Good
Answer optionc
Marks: 1
Chapter: 7
905 Goods or cash invested to generate income from business or property is /are
A. Finance
B. Capital
C. Liabilitities
D. Budget
Answer optionb
Marks: 1
Chapter: 5
906 Minimum wages act was passed in the year:
A. 1923
B. 1936
C. 1961
D. 1948
Answer optiond
Marks: 1
Chapter: 4
907 Indian railways is a :
B. Government Company
C. Public company
D. Joint stock company
Answer optiona
Marks: 2
Chapter: 3
908 Accident caused by worker is because of :
A. safety equipments not being provided
B. oily and greasy floor
C. Ignorance of safety procedure
D. Unsuitable illumination
Answer optionc
Marks: 1
Chapter: 4
909 Principle/s of Organisation is/ are:
A. Effective delegation
B. Effective discipline
C. Effective directing
D. All the above
Answer optiona
Marks: 2
Chapter: 3
910 The partner who does not take part in day to day activities
A. Active partner
B. Secret partner
C. Sleeping partner
D. Nominal partner
Answer optionc
Marks: 1
Chapter: 3
911 Military organisation is also commonly referred as:
A. Line and staff organisation
B. Scalar organisation
C. Functinal organisation
D. All the above
Answer optionb
Marks: 1
Chapter: 3
912 Planning' usually fail due to
A. Feedback of plan
B. Data analysis
C. Unrealistic nature
D. All the above
Answer optionc
Marks: 1
Chapter: 2
913 Espirit de corps refers to
A. Cooperation
B. Coordination
C. Team work
D. Discipline
Answer optionc
Marks: 1
Chapter: 2
914 At this level of management few people are involved
A. Tactical level
B. Strategical level
C. Operational level
D. Functinal level
Answer optionb
Marks: 1
Chapter: 2
915 Power to act and accountability
A. Delegation
B. Discipline
C. Division of work
D. Authority and responsibilty
Answer optiond
Marks: 1
Chapter: 2
916 The main areas of quantitative or management science school are
A. Operations management
B. Classical science
C. Behavioral science
D. All the above
Answer optiona
Marks: 1
Chapter: 2
917 Regulatory body for banking sector which also monitors GDP and inflation
A. SBI
B. RBI
C. CBI
D. IDBI
Answer optionb
Marks: 1
Chapter: 1
918 Indian industrial sector does not invovles
A. Construction
B. Textile
C. Fisheries
D. Railways
Answer optiond
Marks: 1
Chapter: 1
919 Service enterprise provides the services that are called as
A. Automobile goods
B. Production goods
C. Intangiable goods
D. All the above
Answer optionc
Marks: 1
Chapter: 1
920 Legal debts or obligations which arise during the business operations:
A. Asset
B. Shares
C. Debentures
D. Liabilities
Answer optiond
Marks: 1
Chapter: 5
921 Value added tax is a:
A. Direct tax
B. Income tax
C. Excise duty
D. consumption tax
Answer optiond
Marks: 2
Chapter: 5
922 Generally 'C' type and 'A' type of items consume an inventory cost of :
A. 20 % and 5 % respectively
B. 50 % and 20 % respectively
C. 5 % and 80 % respectively
D. 80 % and 50 % respectively
Answer optionc
Marks: 1
Chapter: 6
923 Annual consumption is 20 units, procurement cost is Rs. 40, cost of carring inventory is 16%, cost of each unit is Rs.100. The economic order quantity will be
A. 10
B. 20
C. 30
D. 40
Answer optiona
Marks: 2
Chapter: 6
924 Collection of guidelines that are used to manage the quality of activities in an organisation
A. Quality assurance
B. Quality control
C. Quality circle
D. Quality management system
Answer optiond
Marks: 1
Chapter: 7
925 The objective of Quality circle is /are
A. Improve quality, productivity,safety and reduce cost
B. Improve productivity and safety only
C. Improve productivity only
Answer optiona
Marks: 1
Chapter: 7
926 Six sigma methodology endorse
A. CRM concept
B. TQM concept
C. DMAIC concept
D. All the above
Answer optionc
Marks: 1
Chapter: 7
927 Number of Sub-ordinates a manager can supervise effectvely is
A. Scope of supervisor
B. Span of Control
C. Focus of supervisor
D. Non of the above
Answer optionb
Marks: 2
Chapter: 2
928 Which budget shows one plan, one volume of output or sales & the related fixed costs-
A. Fixed Budget
B. Variable Budget
C. Functional Budget
D. All of the Above
Answer optiona
Marks: 1
Chapter: 5
929 Expenses of office & administrature expenses are grouped under-
A. Staff Salary
B. Stationary
C. Printing
D. All of the Above
Answer optiond
Marks: 1
Chapter: 5
930 While on long tour which are the item that we must take care of ? Certainly it is the jewellery and the cash !! This could be an analogy to
A. EOQ
B. ABC
C. Minimum batch size
Answer optionb
Marks: 1
Chapter: 7
931 ABC company has in profit of Rs one lakh. It is divided in equal number of parts known as …………..
A. Capital
B. Business
C. Shares
D. Debunters
Answer optionc
Marks: 1
Chapter: 7
932 XYZ electronics company has confirmed expert order and is in need of finance. The bank provides short term credits. It is known as ………..
A. Import finance
B. Import duty
C. Export finance
Answer optionc
Marks: 2
Chapter: 6
933 Which statement is wrong about partnership
A. There is limited liability
B. Business life is dependent on partners
C. It is a Joint business
D. No transfer of partnership
Answer optiona
Marks: 1
Chapter: 6
934 Which ststement is wrong in product type departmentation

A. Attention is given to the product
B. Product may become brand name
C. people become expert in the work alloted to them
D. No duplication of work
Answer optiond
Marks: 2
Chapter: 6
935 Which statement is correct about 'nominal partners'
A. Do not actively involved
B. Dop not invest
C. Business can use their names
D. All are correct
Answer optiond
Marks: 1
Chapter: 6
936 In ………. Approach all members of an organization paricipate & improving the processes & culture of organization
A. 5 S
B. Six Sigma
C. TQM
D. Quality circle
Answer optionc
Marks: 2
Chapter: 5
937 …………. is the lifeblood of business
A. Budjet
B. VAT
C. Capital
Answer optionc
Marks: 1
Chapter: 4
938 Accident due to daydreaming which comes under
A. Mechanical causes of an Accident
B. Natural Cause of an accident
C. Human error
D. All the above
Answer optionc
Marks: 1
Chapter: 3
939 _____ is essential to direct, guide, instruct, and order the subordinate.
A. Manager
B. Authority
C. Chairman
D. Responsibility
Answer optiona
Marks: 1
Chapter: 2
940 Which of Following is not the agro industry
A. Jute
B. Sugar
C. Paper
D. Poultry
Answer optionc
Marks: 1
Chapter: 1
941 Which is the apex authority of Government of India
A. SAIL
B. TISCO
C. Heavy Industries Ministry
D. ISA
Answer optiona
Marks: 1
Chapter: 1
942 Which of Following are principles of management i) Motivating ii) Remuneration iii) Division of Work iv) Organising
A. i and ii
B. iii and iv
C. ii and iii
D. All of the above
Answer optionc
Marks: 1
Chapter: 2
Arrange Maslow`s Theory of Motivation in ascending order (Bottom to Up) i) Physiological Needs ii) Love / Affection Needs iii) Social / Esteem Needs iv) Securi
943
Needs v) Self Actualization Needs
A. i-ii-iii-iv-v
B. i-iii-ii-iv-v
C. i-v-ii-iii-iv
D. i-iv-ii-iii-v
Answer optiond
Marks: 2
Chapter: 2
944 Discipline starts from
A. Bottom to Top
B. From Middle
C. Top to Bottom
D. None of above
Answer optionc
Marks: 1
Chapter: 3
945 Injury after accident disables the affected worker forever is _________ accident
A. Fatal
B. Permanent
C. Major
D. None of above
Answer optionb
Marks: 2
Chapter: 4
946 ______ is the study of relationship between the raising of finance and deployment of finance
A. Financing
B. Financial Deficit
C. Finance
D. Financial Management
Answer optiond
Marks: 1
Chapter: 5
947 In balance sheet, we see, ______ equal to the sources of the funds
A. Assets
B. Expenditure
C. Savings
D. Liabilities
Answer optiona
Marks: 1
Chapter: 5
948 ____________________ is process of dividing large organisation into small and flexible administrative units
A. Defragmentation
B. Departmentation
C. Division Formation
Answer optionb
Marks: 2
Chapter: 5
949 Profit and Loss Account is ______________________ i) A flow statement ii) A measure of firm`s profitability
A. i is correct and ii is wrong
B. i is wrong and ii is correct
C. Both i and ii correct
D. both i and ii worng
Answer optionc
Marks: 2
Chapter: 5
950 Central government is not dealing with
A. Income Tax
B. Sales Tax
C. Excise Duty
D. Custom Duty
Answer optionb
Marks: 1
Chapter: 6
951 Effect of Innovation is _________ and effect of Kaizen is _______________
A. Long Term, Short Term
B. Short Term, LongTerm
C. Long Term, Long Term
D. Short Term, Short Term
Answer optionb
Marks: 2
Chapter: 6
952 "Throw away unnecessary" is in
A. Seiso
B. Seiri
C. Seition
D. Seiketsu
Answer optionb
Marks: 1
Chapter: 7
953 i) Quality Assurance is a proactive approach ii) Quality Assurance improves quality of product
A. i is correct and ii is wrong
B. i is wrong and ii is correct
C. Both i and ii correct
D. both i and ii worng
Answer optionc
Marks: 2
Chapter: 7
954 Which is not the consideration in ABC analysis?
A. Sub Categorisation like A1 A2, B1 B2, C1 C2 is not possible
B. All Items should be considered together
C. ABC curve is similar in shape for different industries
D. None of above
Answer optiona
Marks: 2
Chapter: 7
955 In which type of Authority Punishment is given
A. Coercive
B. Expert
C. Referent
D. Reward
Answer optiona
Marks: 1
Chapter: 3
956 Which Structure of Organization is Tight & Rigid
B. Line & Staff Organization
C. Project Organization
D. Staff Organization
Answer optiond
Marks: 1
Chapter: 3
957 Which function of management is a tool for fast development.
A. Decision Making
B. Directing
C. Controlling
D. Planning
Answer optiona
Marks: 1
Chapter: 2
958 One Man - One Boss may be called as ___
A. Equity
B. Unity of Command
C. Unity of Direction
D. Stability
Answer optionb
Marks: 1
Chapter: 2
959 GATT started in 1948 at ________ .
A. Masco
B. Washington
C. Geneva
D. Russia
Answer optionc
Marks: 1
Chapter: 1
960 Entertenment Business belongs to _____________ industry.
A. Manufacturing Industry
B. Trade Industry
C. Service Industry
D. All of The Above
Answer optionc
Marks: 1
Chapter: 1
961 GDP stands for _____________.
A. Gross Domestic Product
B. Global Development Phenonmenon
C. General Domestic Product
D. Global Domestic Product
Answer optiona
Marks: 1
Chapter: 1
962 Who is directly responsible for profit & loss in the business
A. Supervisor
B. Chief Execuitive Officer
C. Worker
D. Factory Manager
Answer optionb
Marks: 1
Chapter: 3
963 Which is not a cause of accidents in industry
A. Due to Worker
B. Due to Management
C. Due to Natural cause
D. Due to Government Policy
Answer optiond
Marks: 1
Chapter: 4
964 Which is a cause of accident due to management
A. Overconfidence
B. Faulty Equipments
C. Unnecessary Daring
D. Less Work Experience
Answer optionb
Marks: 1
Chapter: 4
965 According to minimum wages act ,wages means:...........
A. salary
B. over time remuneration
C. provident fund
D. all of the above
Answer optiond
Marks: 1
Chapter: 4
966 Which is not the objective of financial management
A. Profit Maximation
B. Maximation of wealth
C. Mainrenance of liquid assets
D. unfair or no returns to shareholders
Answer optiond
Marks: 1
Chapter: 5
967 Working capital is not used for____.
A. Land Purchase
B. Material Purchase
C. Marketing of Product
D. Salery of workers
Answer optiona
Marks: 1
Chapter: 5
968 Postponement of tax liablity means
A. Inherited personal funds
C. Retained equity earnings
D. Deferred taxation
Answer optiond
Marks: 1
Chapter: 5
969 The tax in wihich impact and incidence are on the same person. It is not intended to be shifted.
A. Custom Duty
B. Sales Tax
C. Excise Duty
D. Gift Tax
Answer optiond
Marks: 2
Chapter: 5
970 NSE stock exchange market is located in ______
A. Jaipur
B. Pune
C. Mumbai
D. London
Answer optionc
Marks: 2
Chapter: 5
971 Collective stock of items which is required for routine functioning of industry means___
A. Inventory
B. Record
C. Database
D. List
Answer optiona
Marks: 1
Chapter: 6
972 Which of the following is not an objective of inventory management
A. To purchase material at minimum cost

B. To purchase material at right time
C. To purchase material in right quantity
D. All of The Above
Answer optiond
Marks: 1
Chapter: 6
973 What is essential for successful purchase
A. Right contract
B. Right Quality
C. Right sources
D. All of The Above
Answer optiond
Marks: 1
Chapter: 6
974 ______ is the formal contract between supplier and purchaser
A. Purchase order
B. Tender
C. Quotation
D. All of The Above
Answer optiona
Marks: 2
Chapter: 6
975 "Cash to cash cycle time is categorised under
A. Supply chain planning metrics
B. CRM metrics
C. ERP metrics
D. SRP metrics
Answer optionc
Marks: 2
Chapter: 6
976 The degree of Congruence between expectation and relisation means
A. Quantity
B. Quality
C. Controlling
D. Observation
Answer optionb
Marks: 1
Chapter: 7
977 Who is responsible for quality of a product
A. Q A Manager
B. Customer
C. Development Manager
Answer optionc
Marks: 1
Chapter: 7
978 Six Sigma, Kaizan management Techniques are discovered in
A. India
B. Russia
C. Japan
D. Chin
Answer optionc
Marks: 2
Chapter: 7
979 The ISO 9001:2000 standards are
A. Quality management procedures that address leadership, documentation, and record-keeping
B. Are known as the Baldrige standards in the U.S.
C. More widely adopted in the U.S. than in Europe
D. A set of product specifications for all industries
Answer optiona
Marks: 2
Chapter: 7
980 The process by which the people of the entire world are unified into a single society and function together is –
A. Localization
B. Privatization
C. Generalization
D. Globalization
Answer optiond
Marks: 1
Chapter: 1
981 Life Insurance Corporation refers to which of the following type –
A. Privet limited
B. Partnership
C. Public sector
D. Co-operative
Answer optionc
Marks: 1
Chapter: 3
982 Which type of organization structure is this –
B. Line & staff organization
Answer optionb
Marks: 2
Chapter: 3
983 ……….. is a direct tax levied on the income earned by individuals, corporations or on other forms of businesses.
A. Sales Tax
B. Service Tax
C. Income Tax
D. Customs Tax
Answer optionc
Marks: 1
Chapter: 5
984 ………. is prepared to co-ordinate between various budgets.
A. Master Budget
B. Sales Budget
C. Production Budget
D. Materials Budget
Answer optiona
Marks: 1
Chapter: 5
985 Suggest the appropriate types of finance in the blank space.
A. Internal sources & Non external sources
B. Non internal sources & external sources
C. Internal sources & external sources
Answer optionc
Marks: 2
Chapter: 5
986 Name the type of following budget.
A. Master budget
B. Sales budget
C. Labour budget
D. None of the budget
Answer optionc
Marks: 2
Chapter: 5
987 ………. Is defined as ‘the optimal quantity of orders that minimizes total variable costs required to order and hold inventory’.
A. ABC
B. TQM
C. MPR
D. EOQ
Answer optiond
Marks: 1
Chapter: 6
988 Which of the following is not function of MPR?
A. To calculate what parts should be made or bought
B. To make sales forecast
C. To calculate how many of these parts do we need
D. To calculate when must these parts be available
Answer optionb
Marks: 1
Chapter: 6
Arrange the following in chronological order while purchasing material. 1. Receive purchase requisition from department 2. Call for quotation 3. Inspect the ma
989
purchase order
A. 1 – 2 – 4 – 3
B. 3 – 4 – 2 – 1
C. 2 – 1 – 4 – 3
D. 4 – 2 – 1 – 3
Answer optiona
Marks: 2
Chapter: 6
990 Which of the following is function of material management.
A. Purchasing
B. Warehousing
C. Stores management
D. All of the above
Answer optiond
Marks: 2
Chapter: 6
991 Transferring ownership of business from public sector (government)to the private sector is
A. Globalization
B. Privatization
C. Liberalization
D. L-P-G
Answer optionb
Marks: 1
Chapter: 1
992 Globalisation would mean.
A. Opportunities for all
B. Benefits for all
C. More support to small producers
D. All of the above
Answer optiond
Marks: 1
Chapter: 1
993 WTO aims at
A. Establishing rules for domestic trade
B. Restricting trade practices
C. Liberalising international trade
D. none of these
Answer optionc
Marks: 1
Chapter: 1
994 Decision support systems are used by
A. Line managers
B. Top-level managers
C. Middle level managers
D. System users
Answer optionb
Marks: 1
Chapter: 2
995 Thinking before doing is
A. Planning
B. Management
C. Organizing
D. Administration
Answer optiona
Marks: 1
Chapter: 2
996 The problem-solving process begins with
A. Clarification of the situation
B. Establishment of alternatives
C. Identification of the difficulty
D. Isolation of the cause
Answer optionc
Marks: 1
Chapter: 2
997 _________is right to issues orders
A. Responsibility
B. Span
C. Stability
D. Authority
Answer optiond
Marks: 1
Chapter: 3
998 The act of entrusting subordinates with the same power that are of the superior is termed
A. Decentralization
B. Centralization
C. Delegation
D. Departmentation
Answer optionc
Marks: 1
Chapter: 3
Span of control an important factor, which is to be taken into account when undertaking organizational design. Maintaining a large span of control within an or
999
most effective in all except one of the following situations
A. When subordinates prefer autonomy
B. When tasks are routine
C. When jobs are similar but have varying performance measures
D. When subordinates are highly trained
Answer optionc
Marks: 2
Chapter: 3
1000 A person who has ultimate control over the affairs of the factory under Factories Act, 1948 is called _________
A. Occupier
B. Manager
C. Chairman
D. Managing Director
Answer optiona
Marks: 1
Chapter: 4
1001 "Advisory Board " concerned with 'Minimum Wages Act' is appointed by
A. Factory head
B. MIDC
C. Appropriate Government
Answer optionc
Marks: 1
Chapter: 4
1002 __________and __________are the two versions of goals of the financial management of the firm.
A. Profit maximisation, Wealth maximisation
B. Production maximisation, Sales maximisation
C. Sales maximisation, Profit maximisation
D. Value maximisation, Wealth maximisation
Answer optiona
Marks: 1
Chapter: 5
1003 An industrial concern is invested in assets like plant, building, and land is
A. Working capital
B. Variable capital
C. Fixed capital
D. Operating capital
Answer optionc
Marks: 1
Chapter: 5
1004 Budget refers to
A. Planned target of performance
B. Steps of handling future activities
C. Systematic action and allocation of resources
D. Statement of expected results expressed in numerical terms
Answer optiond
Marks: 1
Chapter: 5
1005 What are the functions of material management
A. Material Planning
B. Purchasing
C. Store Management
D. All of the above
Answer optiond
Marks: 1
Chapter: 6
1006 ABC anaiysis helps senior manager to control
A. Inventory Cost
B. Purchase Cost
C. Total Cost
Answer optiona
Marks: 1
Chapter: 6
1007 Improving quality through small, incremental improvements is a characteristic of what type of quality management system
A. Just-in-time
B. Six Sigma
C. Total Quality Management
D. Kaizen
Answer optiond
Marks: 1
Chapter: 7
1008 Blank Space in the figure I indicates
A. Total Long Term Liabilities
B. Ordinary Equity
C. Owner's Equity
D. Third Party Equity
Answer optionc
Marks: 2
Chapter: 5
1009 In P&L account Extra Ordinary Items means
A. Commission on sales
B. Investment on which returns are not possible
C. Materially large revenue or loss
D. Non controlling ownership
Answer optionc
Marks: 2
Chapter: 5
1010 Following are Liabilities of Business
A. FDs with Bank

B. Receivables from Sale
C. Short Term Borrwings
D. Stock In Progress
Answer optionc
Marks: 1
Chapter: 5
1011 In Financial Management Liquidity Decisions are related to
A. Dividend to Shareholders
B. Long Term Decisions
C. Cash Management
D. Bankruptsy
Answer optionc
Marks: 1
Chapter: 5
1012 Which of following is Method of raising Long Term Capital
A. Equipment Leasing
B. Hire Purchase
C. Prefernce Shares
D. Trade Credit
Answer optionc
Marks: 1
Chapter: 5
1013 As per the definition in Indian Factory Act, a person working in Factory having an age of 17 years is :
A. Child
B. Not elligible to work in Factory
C. Adolescent
D. Adult
Answer optionc
Marks: 1
Chapter: 4
1014 Trivial Accident means :
A. Of Less Importance
B. Resulting Death of Employee
C. Disabling employee for more than 3 daye
D. Near Accident
Answer optiona
Marks: 1
Chapter: 4
1015 'Balance' in Organization Principles intends to _____
A. All departments have same workforce
B. All departments have same kind of organization structure
C. All departments are equally developed
D. All departments are flexible
Answer optionc
Marks: 2
Chapter: 3
1016 I wanted to maintain secrecy of business. Which business type shall I select
A. Single Ownership
B. Partnership
D. Public Undertaking
Answer optiona
Marks: 2
Chapter: 3
1017 A company has multiples kind of products like Pharmaceutical, Cosmetics, FMCG. Which type of departmentation will it prefer ?
A. By Product
B. By Process
C. By Function
Answer optiona
Marks: 1
Chapter: 3
1018 In organization process activites can not be grouped on the basis of
A. Policy
B. Economy
C. Control
D. Coordination
Answer optionb
Marks: 1
Chapter: 3
1019 Authority delegation allows employee
A. To make changes in schedule
B. To make changes in design
C. To perform better as per responisibility
D. To make changes in job timing
Answer optionc
Marks: 1
Chapter: 3
1020 Following organization is limited to small concerns
A. Line
B. Line & Staff
C. Functional
D. Committee
Answer optiona
Marks: 1
Chapter: 3
1021 Organising does not means
A. Determining Activities
B. Defining Authotities & Responsibilities
C. Assigning People to Jobs
D. Developing alternate methods to do job
Answer optiond
Marks: 1
Chapter: 2
1022 Stability in Principles of Management indicates
A. Job Security
B. Turnover
C. Harmony
D. Promotion
Answer optionb
Marks: 1
Chapter: 2
1023 Direct Supervision on workers is function of
A. Top Level Management
B. Middle Level Management
C. Low Level Management
D. Operating force
Answer optionc
Marks: 1
Chapter: 2
1024 Indian Insurance sector has _____ number of insurance companies.
A. 112
B. 20
C. 52
D. 86
Answer optionc
Marks: 1
Chapter: 1
1025 Following will not come underinventory
A. Tools
B. Machines
C. Lubricants
D. Milling Cutter
Answer optionb
Marks: 1
Chapter: 6
1026 'A' kind of items in ABC analysis
A. do not need close control
B. constitute 70 % of inventory
C. purchased on time
D. purchased in large quantity
Answer optionc
Marks: 1
Chapter: 6
1027 Purchase Order Includes
A. Quantity of Items
B. Invoice Number
C. Quantity in Stock
D. All Above
Answer optiona
Marks: 1
Chapter: 6
1028 In Figure II blank space indicates
A. Lead Time
B. Buffer Stock
C. Obsolete Inventory
D. Damagaed Inventory
Answer optionb
Marks: 2
Chapter: 6
1029 In Figure III blank space indicates
A. List of Products
B. Product Demand
C. List of Subassemblies
D. Bill of Materials
Answer optiond
Marks: 2
Chapter: 6
1030 Main eight sections of ISO 9001:2000 does not include
A. Quality Management System
B. Resource Management
C. Recruitment
D. Measurement. Analysis & Improvement
Answer optionc
Marks: 1
Chapter: 7
1031 Quality Cirle People
A. Discuss Grievances
B. Discuss Work RelatedProblems
C. Meet once in a month
D. Not a Voluntary participation
Answer optionb
Marks: 1
Chapter: 7
1032 Elements of TQM include
A. Ethics
B. Training
C. Both Above
D. None Above
Answer optionc
Marks: 1
Chapter: 7
Objectives of Quality Control includes 1. Establish desired quality standards 2. To determine deviations in quality 3. Ascertain causes in deviations 4. To use mo
1033
of measurement.
A. 1, 2 and 3 only
B. 1. 3 and 4 only
C. 1,2,3 and 4
D. 2,3 and 4 only
Answer optiona
Marks: 2
Chapter: 7
1034 What system helps make calculations regarding the volume and timing of materials needed?
A. Production plan
B. Material Scheduling
C. Material requirement Planning
D. Material Resource Planning
Answer optionc
Marks: 2
Chapter: 6
1035 Which of the following describe an ERP System?
A. ERP system provide a foundation for collaboration between department
B. ERP system enable people in different business areas to communicate
C. ERP system have been widely adopted in large organization to storecritical knowledge used to make the decision that drive the organization's performance
D. All of the above

Answer optiond
Marks: 2
Chapter: 6
1036 The following is an example of direct taxes
A. Sales tax
B. Income tax
C. Excise duties
D. Toll tax
Answer optionb
Marks: 2
Chapter: 5
1037 one use of inventory is
A. To provide a hedge against inflation
B. To ensure that item cost is maximized
C. To tightly link a firms production with its cutomers demand
D. To tightly link production & distribution process
Answer optiona
Marks: 1
Chapter: 6
1038 Material Management is also called
A. Distibution Planning
B. Control & logistics Management
C. Both of the above
D. Neither of the above
Answer optionc
Marks: 1
Chapter: 6
1039 ABC analysis is used for
A. CPM
B. PERT
C. Inventory Control
Answer optionc
Marks: 1
Chapter: 6
1040 The quantity discount model is most similar to which one of these models
A. ROP
B. EOQ
C. Fixed interval
D. EPQ
Answer optionb
Marks: 1
Chapter: 6
1041 A budget is the plan of the various costs and expenses needed to operate the buniness based on the short term forecast
A. Capital budget
B. Operating Budget
C. Cash Budget
D. Resource Budget
Answer optionb
Marks: 1
Chapter: 5
1042 The most common causes of financial problems are
A. Undercapitialization
B. Inadequate expense contol
C. credit term
D. all of the above
Answer optiond
Marks: 1
Chapter: 5
1043 A statement that projects management's expectations for revenues and based on those financial expectations, allocates the use of specific resources throughout t
A. A cash flow
B. A budget
C. A resource plan
D. A resource allocation
Answer optionb
Marks: 1
Chapter: 5
1044 The steps in financial planning are
A. Forecasting financial needs and developing budgets to meet those needs
B. Identify sources of financing
C. establishing financial controls to ensure the company is following financial plans
D. option (A) and option (C)
Answer optiond
Marks: 1
Chapter: 5
1045 Departmentalization is a(n)
A. Form of informal Communication
B. Element of organizatinal structure
C. Type of formalization
D. componenet of a flat span of control
Answer optionb
Marks: 2
Chapter: 3
1046 Which of the following is an advantages of a sole proprietorship?
A. Ease od strating a buniess
B. Being your own boss
C. pride of ownership
D. All of the above
Answer optiond
Marks: 2
Chapter: 3
1047 The primary purpose of employee safety programme is to preserve the employee's :
A. Mental Health
B. Physcial Health
C. Emotional Health
D. All of the Above
Answer optiond
Marks: 1
Chapter: 4
1048 Which structure is usually optimal for project based organization with fluctuationg workload?
A. Functional
B. Divisional
C. Matrix
D. Network
Answer optionc
Marks: 1
Chapter: 3
1049 A flat organizational structure creates a _________ span of control
A. Narrow
B. wide
C. Centralized
D. Informal
Answer optionb
Marks: 1
Chapter: 3
1050 As organization grow they tend to _____________ decision making authority.
A. Centralize
B. Decentralize
C. Control
D. Standardize
Answer optionb
Marks: 1
Chapter: 3
1051 Which of these statements about organizational structure is (are) true?
A. It refers to the division of labour
B. It refers to patterns of coordination
C. It refers to patterns of work flow and formal power that direct organizational activities
D. ALL of the above Statements are true
Answer optiond
Marks: 1
Chapter: 3
1052 Fredrick Taylor stressed on
A. Selecting the right people for the job
B. Division of labour
C. unity of command
D. unity of Direction
Answer optiona
Marks: 1
Chapter: 2
1053 Planning, organizing, directing and controlling are the
A. Goals of management
B. Functions of management
C. results of management
D. all of the above
Answer optionb
Marks: 1
Chapter: 2
1054 During the agriculural revolution, all of the following transformed the economy except
A. Coal,oil and other new energy sources
B. job specializaion
C. trade
D. permanent settlements
Answer optiona
Marks: 1
Chapter: 1
1055 Which of the following is not a type of copyright work
A. Literary Works
B. Furniture
C. Sculpture
D. Musical Works
Answer optionb
Marks: 1
Chapter: 1
1056 Where was TQM first developed?
A. USA
B. UK
C. JAPAN
D. KOREA
Answer optionc
Marks: 1
Chapter: 7
1057 Which of the following is not a record required by ISO 9001:2000
A. Review of requirements related to the product
B. Definition of the work environment
C. Results of preventive action
D. Management review records
Answer optiona
Marks: 2
Chapter: 7
1058 Following is not a part of the of steps for purchasing a) Getting requisition from various departments b)Obtaining Quotations c) Making budget d) Preparing P
A. a
B. b
C. c
D. d
Answer optionc
Marks: 1
Chapter: 6
Reliance company has a common software platform integrating all its functions materials ,finance ,personnel , sales ,etc . The company is said to have one of the
1059
place
A. JIT
B. Enterprise Resource Planning (ERP)
C. 5S
D. Kaizen
Answer optionb
Marks: 2
Chapter: 6
1060 In any factory , bulk usage of items is of which type
A. A type
B. B type
C. C type
D. All
Answer optionc
Marks: 1
Chapter: 6
1061 In ABC analysis all materials are divided into how many types
A. 4
B. 3
C. 2
D. 5
Answer optionb
Marks: 1
Chapter: 6
1062 The point at which ordering cost is equal to carrying cost in materials management is called as
A. EOQ
B. Optimal point
C. Breakeven point
D. Ideal Point
Answer optiona
Marks: 1
Chapter: 6
1063 Which of the following items manufactured in India is not liable for Excise tax.
A. Sugar
B. Salt
C. Steel
D. Soap
Answer optionb
Marks: 2
Chapter: 5
1064 Which is the budget to which all other budgets are geared
A. Sales
B. Production
C. Labour
D. Materials budget
Answer optiona
Marks: 1
Chapter: 5
1065 Mr. X has two flats in ,Mumbai , he and his family resides in one flat and the other flat he has given on rent , the money he earns from getting the rent is liable fo
A. Excise tax
B. Income tax
C. Service Tax
D. Value added tax
Answer optionb
Marks: 2
Chapter: 5
1066 Welfare of the employees is taken care by which industrial act
A. Factory Act
B. Workman Compensation Act
C. Industrial Dispute Act
D. Employees Stae Insurance Act
Answer optiona
Marks: 1
Chapter: 4
1067 A small child 8 years old is working in XYZ company manufacturing silk sarees. Which act is being violated by the company ?
A. Industrial Dispute act
B. Workman Compensation Act

C. Factory Act
D. Employees Stae Insurance Act
Answer optionc
Marks: 1
Chapter: 4
1068 A worker has used cutter instead of a plier for doing some job , and he gets a cut on his right hand . What is the cause of this accident classified as
A. Mechanical factor
B. Environment factor
C. Human cause
D. Technical cause
Answer optionc
Marks: 2
Chapter: 4
1069 Which of the following is not a safety measure to avoid accidents ?
A. Safety slogans
B. Proper lighting arrangements
C. over confidence
D. Fencing of equipments
Answer optionc
Marks: 1
Chapter: 4
My friend and I start a company , she is just providing money in the business , she does not look into the day to day activities of the company ,our company has
1070
ownership
A. Limited Partnership
B. Public Ltd
C. Proprietorship
D. Joint Stock
Answer optiona
Marks: 2
Chapter: 3
1071 Authority means
A. Legitmate right of a person to exercise influence
B. Legitimate right to make decisions
C. Right to direct others
D. All the above
Answer optiond
Marks: 1
Chapter: 3
1072 An automobile company has departments for two wheelere and four wheelers , what is the method of departmentation this company has adopted
A. By function
B. By product
C. By process
D. By markets
Answer optionb
Marks: 1
Chapter: 3
1073 Myself and my friend start a company, which type of organistaion it will be from the structure point of view at the start with simple format,small size
A. Line
B. Line & Staff
C. Functional
D. Project
Answer optiona
Marks: 1
Chapter: 3
1074 Policy making is the role of
A. People
B. Management
C. Administration
D. Country
Answer optionc
Marks: 1
Chapter: 2
1075 The act of getting people together to work for a common goal is called as
A. Organising
B. Management
C. Administration
D. Motivation
Answer optionb
Marks: 1
Chapter: 2
1076 The number of management principles given by Henry Fayol are
A. 12
B. 10
C. 17
D. 14
Answer optiond
Marks: 1
Chapter: 2
1077 CEO belongs to which level of management
A. Bottom level
B. Top level
C. Middle level
D. No level
Answer optionb
Marks: 1
Chapter: 2
1078 Dryers and cleaners are examples of which services
A. Direct services
B. Indirect services
C. both
D. None
Answer optiona
Marks: 1
Chapter: 1
1079 An economic activity involving the regular production or distribution of goods and services with the object of earning profits through satisfaction of human nee
A. Business
B. Management
C. Administration
D. Social Servive
Answer optiona
Marks: 1
Chapter: 1
1080 L&T asks its various shop floors to sort all goods on the floor,keep them in order as per use , keep them clean ,standardise the process and sustain this activity .
technique and system of Quality manangement it is adopting
A. 5S
B. Kaizen
C. TQM
D. 6 Sigma
Answer optiona
Marks: 2
Chapter: 7
Examples of services sector include …………………………( i) news media, hospitality industry,consulting (ii) legal practice, healthcare, waste disposal (iii) real
1081
services, business services (iv) house decoraters, entertainers.
A. only (I)
B. (i) and (ii)
C. (ii) and (iv)
D. all of above
Answer optiond
Marks: 1
Chapter: 1
1082 Which is importatnt factor in deciding structure of organisation ?
A. functions
B. specialisation
C. types of products
D. all
Answer optiond
Marks: 1
Chapter: 3
1083 Which is the pre requisite of effective delegation?
A. Decision making freedom
B. Knowledge of designation
C. Independent subordinates
D. all the above
Answer optiond
Marks: 2
Chapter: 3
1084 Sales department in nokia is the example of …………………………
B. Departmentation by prosecc
C. departmentation by product
D. none
Answer optiona
Marks: 2
Chapter: 3
1085 ……………………… is the management of finance of an organisation in order to achieve financial objectives.
A. Financial Management
B. Material Management
C. Personnel Management
D. Operation Management
Answer optiona
Marks: 1
Chapter: 5
1086 Which is the factor responsible in the selection of types of ownerships?
A. Types of business
B. scope of business
C. capital required
D. all
Answer optiond
Marks: 2
Chapter: 5
1087 which of the following is wrong?
A. the welth invested in business to generate income is called captial
B. if the capital is not managed properly no losses may be incurred
C. Financial management is the management of finance of an organisation in order to achieve financial objectives
D. none
Answer optionb
Marks: 2
Chapter: 5
1088 The objective of inventory management is ……………………..
A. to ensure continuous supply of materials
B. to avoid both over stocking and under stocking of inventory
C. to minimise losses resulting from inventory deterioration
D. all
Answer optiond
Marks: 1
Chapter: 6
1089 Which of the following is correct ?
A. In purchasing, EOQ is known as the order quantity
B. In manufacturing , EOQ is called the production lot size
C. both (i) and (ii)
D. none
Answer optionc
Marks: 1
Chapter: 6
1090 Procurement cost consists of ……………………………
A. Cost of receving quotations
B. cost of processing quotations and issusing purchase order
C. cost of following up and expenditing purchase order
D. all
Answer optiond
Marks: 1
Chapter: 6
1091 Carrying( holding) cost ;
A. These costs increase as you hold more and more inventory
B. These costs decrease as you hold more and more inventory
C. These costs decrease as you hold fewer inventories
D. none
Answer optiond
Marks: 2
Chapter: 6
1092 which of following is wrong ?
A. quality is degree of excellence
B. quality is fitness for use
C. quality means less maintainability
D. quality means conformance to requirements

Answer optionc
Marks: 1
Chapter: 7
1093 Following are the business pattern is not coming under service industry.
A. ITES
B. Banking
C. Real Estate
D. Textile mill
Answer optiond
Marks: 1
Chapter: 1
1094 Which is unimportant word in the defination of organisation?
A. Group of persons
B. Common Aim
C. Profit
D. United together
Answer optionc
Marks: 1
Chapter: 3
1095 All the partner have same status in
A. General partnership
B. Nominal partnership
C. Limitted partnership
Answer optiona
Marks: 2
Chapter: 3
1096 If an affected worker recovers within 10 hours, then it is a__________ accident.
A. Minor
B. Reportable
C. Major
D. Fatal
Answer optiona
Marks: 1
Chapter: 4
1097 _______ is the financial snapshot of the organisation.
A. Profit and loss account
B. Balance sheet
C. Snap Sheet
D. Budget
Answer optionb
Marks: 1
Chapter: 5
1098 Capital invested on Buildings' is an example of :
A. Fixed capital
B. Floating capital
C. Circulating capital
Answer optiona
Marks: 1
Chapter: 5
1099 Which is not the type of profit and loss account?
A. Report form
B. Step form
C. Account form
Answer optiona
Marks: 2
Chapter: 5
1100 Statement 1 - Income tax is levied by central government. Statement 2 - Income tax is to be paid by all employees.
Answer optionc
Marks: 2
Chapter: 5
1101 The stock of material, maintained in order to avoid 'no stock' situation is called as
A. Additional stock
B. Buffer stock
C. Extra stock
Answer optionb
Marks: 1
Chapter: 6
1102 Calling quotation, order follow-up, material receiving. Placing PO are the function of
A. Quality department
B. Puchase department
C. Inventory department
D. Marketing department
Answer optionb
Marks: 1
Chapter: 6
1103 Quality standards should be related to
A. Performance
B. Acceptance
C. Economically Feasibility
D. All of the above
Answer optiond
Marks: 1
Chapter: 7
1104 Statement 1 - Quality Assurance is a proactive approach. Statement 2 - Quality Assurance improves quality of product.
Answer optiona
Marks: 2
Chapter: 7
1105 ________ is willing to exchange of goods.
A. Trade
B. Service
C. Manufacturing
D. both I and ii
Answer optiona
Marks: 1
Chapter: 1
1106 How many needs are mentioned in Maslow's need hierarchy?
A. 6
B. 5
C. 4
D. 3
Answer optionb
Marks: 1
Chapter: 2
1107 Which is not the public sector?
B. Public Limitted Company
C. Public Corporation
D. Public Company
Answer optionb
Marks: 2
Chapter: 3
1108 Car division in Tata Motors is example of
A. Departmentation by product
B. Departmentation by function
Answer optiona
Marks: 2
Chapter: 3
1109 The duties and qualification of Labour Welfare Officer is prescribed by:
A. Factory head
B. Industry Minister
C. State Government
Answer optionc
Marks: 1
Chapter: 4
1110 "Customer Advances" are included under ________ source of finance.
A. Long-term
B. Short-term
C. Medium-term
Answer optionb
Marks: 1
Chapter: 5
1111 For making Labour Budget, workers are classified into
A. Skilled
B. Semi-skilled
C. Unskilled
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
1112 The earning capacity and potential of a firm are reflected in ________
A. Balance sheet
B. Profit and loss account
C. both i and ii
Answer optionb
Marks: 2
Chapter: 5
1113 Which is not the merit of Indirect tax?
A. Convenient
B. Equitable
C. Wide coverage
D. Certain
Answer optiond
Marks: 2
Chapter: 5
1114 What will be happen when there is no buffer stock?
A. Production stoppage
B. Delay in deliveries
C. loss of reputation
D. All of the above
Answer optiond
Marks: 1
Chapter: 6
1115 Statement 1 - Procurement is a systematic process. Statement 2 - Purchasing is a routine process.
Answer optiona
Marks: 2
Chapter: 6
1116 Benefits of TQM are _____
A. Increase efficiency
B. Encourages customer satisfaction
C. Inspection costs are reduced
D. both i and ii
Answer optiond
Marks: 1
Chapter: 7
1117 For staffing ,inventory,production etc company develops and design a plan called--------
A. MPS
B. MRP
C. ERP
D. EPS
Answer optiona
Marks: 1
Chapter: 6
1118 ---- avoids effects like price fluctuations and shortage of material in the market
A. Buffer stock
B. EOQ
C. ERP
D. None of the Above
Answer optionb
Marks: 1
Chapter: 6
1119 ERP stands for-----------
A. Enterprise Resource Planning
B. Enterprise Resource Process
C. Enterprise Resource Prepration
Answer optiona
Marks: 2
Chapter: 6
1120 ----- is a process that ensures the quality of a product throughout its life cycle
A. Quality Management
B. Quality Assurance
C. Quality control
D. Quality Circle.
Answer optiona
Marks: 1
Chapter: 7
1121 --- is collection of guidelines that are used to manage the quality of activities carried out in an organization
A. QC
B. QMS
C. QA
Answer optionb
Marks: 1
Chapter: 7
1122 1) The goal of Total Quality Management is
A. Customer satisfaction
B. Product differetiation
C. Brand Equity
D. Action Globally
Answer optiond
Marks: 1
Chapter: 7
1123 -------- is a consumption tax which is levied at each stage of production based on the value added to the product at that stage.
A. VAT
B. Finance
C. Budget
Answer optiona
Marks: 2
Chapter: 5
1124 Sevice Tax introduce in india in----------- year
A. 1993
B. 2004
C. 1994
D. 1989
Answer optionc
Marks: 2
Chapter: 5
1125 ----------- is one in which allows lowest csot per unit andis most advantageous
A. Enterprise Resource Planning
B. Economic Order Quantity
C. ABC Analysis
D. None Of the Above
Answer optionb
Marks: 1
Chapter: 6
1126 when foreign investors does huge sell of stocks back to its own country it is refereed as------
A. Bank loans
B. Hire Purchase
C. Equipment leasing
D. Profit Flow Back
Answer optiond
Marks: 1
Chapter: 5
1127 ……has to kept at secured and separate place which is not easily accessible.
A. Inflammable Materiial
B. Machine Safeguards
C. Protecting Devices
D. All of the above
Answer optiona
Marks: 1
Chapter: 4
1128 organizational ______ is mainly about adjusting work assignment,man power ,and facilities that are required when temporary changes accor while working
A. Balance
B. Stability
C. Flexibility
Answer optionc
Marks: 2
Chapter: 3
1129 Balaji Telefilms industries refers to which of the following company type-
A. Private limited company
B. Ownership company
C. Public Company
D. Government
Answer optionc
Marks: 1
Chapter: 3
1130 BIRLA Industries Ltd. Is a form of –
A. Single Ownership
B. Partnership
C. Private ltd
Answer optionc
Marks: 1
Chapter: 3
1131 1. -------------- can be defined as the set of steps to do the particular activity or activities in systematic manner.
A. Organizing
B. Planning
C. Directing
D. Motivating
Answer optionb
Marks: 1
Chapter: 2
1132 1. Goal and solid decision making allows ………to……….very fast and becomes stable in the market.
A. Bussiness to Grow
B. Business to Market
C. Business to Business
D. None Of the Above
Answer optiona
Marks: 1
Chapter: 2
1133 ------------ ensures that things fall within the standards defined by an organization and should not divert from it
A. Planning
B. Organising
C. Staffing
D. Controlling
Answer optiond
Marks: 1
Chapter: 2
1134 _______ is a right for giving orders and the power to ensure obedience
A. Division of work
B. Decipline
C. Authority and Resonsibility
D. Work
Answer optionc
Marks: 1
Chapter: 2
1135 Which definition best describes the process of globalization?
A. capitalist companies are spreading across the planet
B. we all now live in a single society
C. individuals, groups and nations are becoming more interdepend
D. human beings now live on every continent of the planet
Answer optionc
Marks: 1
Chapter: 1
1136 1) 80:20 rule can also be called as
A. Fish bone Diagram
B. Pareto Diagram
C. Scatter Diagram
D. Histogram
Answer optionb
Marks: 2
Chapter: 7
1137 Causes of accidents are:
A. Accidents because of workers

B. Accidents because of management
C. Both a) and b)
D. None
Answer optionc
Marks: 1
Chapter: 4
1138 a _____ assists in taking decisions correctly and also implementing it effectively and efficiently.
A. line organization.
B. line and staff organization
C. functional organization
D. all of above
Answer optionb
Marks: 2
Chapter: 3
1139 _____ can culminate into strikes or fights among employees and cause serious consequences to the organization.
A. communication
B. ) good communication
C. miscommunication
D. all of above
Answer optionc
Marks: 2
Chapter: 3
1140 Departmentalization can be done on the basic of following factor:
A. process
B. products
C. Function
D. All of above
Answer optiond
Marks: 1
Chapter: 3
1141 Decision taken by supervisor could be:
A. change in work schedule or rescheduling
B. Increase or decrease in production depending on current situations.
C. Decision regarding rejection of raw material or finished products
D. All of the above
Answer optiond
Marks: 2
Chapter: 2
1142 _____ allows employees to get involved in the process of decision making for better results
B. Centralization
C. Disciline
Answer optionb
Marks: 1
Chapter: 2
1143 The great thought of motivating the workers or employees for better results have come up from _________ of management
A. The classical school
B. The behavioral school
C. The quantitative or management science school
D. All of the Above

Answer optionb
Marks: 1
Chapter: 2
1144 1. Types of business
A. Service
B. Manufacturing
C. Trade
D. All of Above
Answer optiond
Marks: 1
Chapter: 1
1145 Adolescent is a person of the age in between
A. 15-18
B. 18-21
C. 21-25
D. 58-61
Answer optiona
Marks: 1
Chapter: 5
1146 ____________________ uses all the resources of the enterprize in a systematic way.
A. MRP
B. MRPII
C. ERP
D. None
Answer optionc
Marks: 1
Chapter: 6
1147 Discipline comes in
A. Seiri
B. Seiso
C. Seiketsu
D. seition
Answer optionc
Marks: 1
Chapter: 7
1148 Implementation of policy making in an industry is a role of –
A. Management
B. Administration
C. Public
D. Workers
Answer optiona
Marks: 1
Chapter: 2
1149 Follow in not the strength ot textile industry
A. Cheap workforce
B. Demand is continouce
C. Import of raw material
D. Huge capacity of production
Answer optionc
Marks: 1
Chapter: 1
1150 Globalization has disadvantage
A. Industrialisation
B. Pollution of air,soil,water
C. Adaption of western culture
D. All of the above
Answer optiond
Marks: 1
Chapter: 1
1151 Hindustan Petrolium Is a form of –
A. Single Ownership
B. Partnership
C. Public Sector
D. Private ltd.
Answer optionc
Marks: 1
Chapter: 3
1152 Which organisation is temporary in nature
A. Line and staff organisation
B. Line organisation
C. Project organisation
D. Staff Organisation
Answer optionc
Marks: 1
Chapter: 3
1153 Which of following is not the direct tax
A. Csutom Duty
B. Excise
C. Sales
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
1154 Working capital is required for
A. Advertisement
B. Salary
C. Maintenance
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
1155 The summerised budget of entier enterprise is known as______________.
A. Master Budget
B. Template Budget
C. Main Budget
D. Enterprize Budget
Answer optiona
Marks: 1
Chapter: 5
1156 Who is responsible "unguarded moving parts"
A. Workers
Management
B.
C. Government
Answer optionb
Marks: 1
Chapter: 5
1157 __________________is the financial snapshot of the of the organisation.
A. Balance Sheet
B. Profit and Loss Account
C. Snap Sheet
D. Budget
Answer optiona
Marks: 1
Chapter: 5
1158 Following is not concerned with modern techniques in material management
A. MRP
B. SAP
C. ERP
D. 5S
Answer optiond
Marks: 2
Chapter: 5
1159 A' type of items are purchased in
A. Sufficient quantities
B. Small quantities
C. Medium quantities
Answer optionb
Marks: 1
Chapter: 6
1160 _________determines quntity and timing for materials planning
A. MRPII
B. SAP
C. ERP
D. MRP
Answer optiond
Marks: 1
Chapter: 6
1161 "Number of subordinates handled by a manager effectively" called as
A. Authority
B. Delegation
C. Span of Control
D. Scop of Control
Answer optionc
Marks: 2
Chapter: 6
1162 Pickles, papad, basket making are products of____________________
A. Chemical Industry
B. Agro Industry
C. IT Industry
D. Banking Industry
Answer optionb
Marks: 1
Chapter: 1
1163 Industries associated with are computer hardware, software, electronics, semiconductors, internet, telecom equipment and e-commerce
A. IT Industry
B. Banking Industry
C. Insurance Industry
D. Retail Industry
Answer optiona
Marks: 1
Chapter: 1
1164 _____ is a process of dividing large organisation into small and flexible administrative units.
A. Divisions formation
B. Defragmentation
C. Departmentation
D. Partitioning
Answer optionc
Marks: 1
Chapter: 3
1165 Which statement is wrong? In product type departmentation
A. People become expert in the work allotted to them
B. Product may become brand name
C. Attention is given to the product
D. No duplication of work
Answer optiond
Marks: 1
Chapter: 3
1166 Under which of the following case, an employer has to provide compensation to an employee?
A. Injury caused during employment
B. permanant disablement due to accident
C. death due to accident
D. all of the above
Answer optiond
Marks: 1
Chapter: 4
1167 ____ is a multipoint destination based system of taxation, with tax being levied on value addition at each stage of transaction in the production/ distribution chai
A. Customs duty
B. Sales Tax
C. Service Tax
D. VAT
Answer optiond
Marks: 2
Chapter: 5
1168 While deciding how to manage inventory, the question to be answered is
A. How much should we order?
B. How often should we order?
C. Both (a) and (b)
D. None
Answer optionc
Marks: 1
Chapter: 6
1169 Which of the following is not a step in purchasing?
A. If necessary, request for quotations is made on prescribed quotation form to all the selected sources of supply
B. To achieve integration with other departments of the company
C. Open the quotations at prescribed time on the prescribed date
D. Prepare a comparative statement of the rates, terms and conditions mentioned in the quotations and then analyze them
Answer optionb
Marks: 1
Chapter: 6
A product/service is said to possess good quality if it fulfills the following requirements. 1. Suitability (It is fit for the intended use) 2. Reliability (It gives efficien
1170
performance) 3. Durability (It has desired life) 4. Safe and foolproof workability (Its working is safe and foolproof)
A. All 1,2, 3,4
B. 1 and 2
C. 2 and 3
D. 1,3 and 4
Answer optiona
Marks: 1
Chapter: 7
____ is a management technique used to communicate to employees what is required to produce the desired quality of products and services and to influence em
1171
to complete tasks according to the quality specifications
A. QC
B. 5S/9+
C. KAIZEN
D. QMS
Answer optiond
Marks: 1
Chapter: 7
1172 In 1991 india adopted _______
A. Policies of co-operative.
B. initiate IT parks.
C. Globalisation policy
D. Fiscal Deficit policy
Answer optionc
Marks: 1
Chapter: 1
1173 Cipla Ltd is
A. Textile company
B. Chemical Company
C. IT industry
D. All of above
Answer optionb
Marks: 1
Chapter: 1
1174 Setting basic goals and objectives is function of______-
A. upper midddle level management
B. Top level management
C. Middle level management
D. Low level management
Answer optionb
Marks: 1
Chapter: 2
1175 How many parteners are eligible for partnership
A. 2
B. 2-5
C. 2-10
D. ALL of the above
Answer optiond
Marks: 1
Chapter: 3
1176 The type of organisation structure in Varroc Ltd is shown below . Which type of Organisation Structure is this.
A. Line
B. functional
C. Line & staff
D. Project
Answer optionb
Marks: 2
Chapter: 3
1177 Sai Sale services is trading business started by four person by investing 2lacks each. Which is suitble ownership for that business.
A. Private Limited
B. Partnership
C. Propritership
D. Both I & ii
Answer optionb
Marks: 2
Chapter: 3
1178 Which of the following illustrates the use of a hedging (or matching) approach to financing?
A. Short-term assets financed with long-term liabilities.
B. Permanent working capital financed with long-term liabilities.
C. Short-term assets financed with equity.
D. All assets financed with a 50 percent equity, 50 percent long-term debt mixture.
Answer optionb
Marks: 1
Chapter: 5
1179 Which business is liable for VAT
A. Importers
B. manufacturere
C. Distributor
D. All
Answer optiond
Marks: 1
Chapter: 5
1180 figure shows ___________budget
A. Fixed
B. Variable
C. Functional
D. None of these
Answer optionb
Marks: 2
Chapter: 5
1181 The ABC company Investment in purchasing raw material, salary is come under
A. Working Capital
B. fixed capital
C. blocked capital
D. ALL
Answer optiond
Marks: 2
Chapter: 5
1182 __________is set of activities that ensure right material at right quality and quantity in right time
A. Purchase Department
B. Quality Department
C. Marketting department
D. None of these
Answer optiona
Marks: 1
Chapter: 6
1183 Inventory control objectives
A. Minimise investmeny in inventory
B. maximise the service level to the firm's customer & its operating departments
C. Both I & ii
D. None of these
Answer optionc
Marks: 2
Chapter: 6
1184 Circle leader is from______
A. Management
B. Board Of directors
C. workers
D. Supervisors
Answer optiond
Marks: 1
Chapter: 7
A paper mill supplies a corrugated container manufacturer with Kraft paper. The corrugated container manufacturer uses Kraft paper to manufacture corruga
1185
containers that are then sold to a cereal manufacturer. Which of the following is true?
A. The corrugated container manufacturer is an internal customer to the cereal manufacturer.
B. cereal manufacturer is an external customer to the paper mill.
C. Both the paper mill and cereal manufacturer are External customers to the corrugated container manufacturer.
D. None of these
Answer optionc
Marks: 2
Chapter: 7
1186 GATT stands for
A. General Awareness on Tariff and Trade
B. General Agreement on Tariff and Trade
C. Global Agreement on Tariff and Trade
D. Global Agreement on Tariffic and Transport
Answer optionb
Marks: 1
Chapter: 1
1187 Product are produced in
A. Trade industry
B. Manufacturing industry
C. service Industry
D. All of above
Answer optionb
Marks: 1
Chapter: 1
1188 Banking Business is
A. Service
B. Manufacturing industry
C. Trade
D. None of these
Answer optiona
Marks: 1
Chapter: 1
1189 Which is the process by which manager select , train,pramote and retire their subordinates
A. Staffing
B. Directing
C. Co ordinating
D. Controlling
Answer optiona
Marks: 1
Chapter: 2
1190 The process of breaking down an enterprises into various departments is
A. Departmentation
B. Project Organisation
C. Span of control
D. None of these
Answer optiona
Marks: 1
Chapter: 3
1191 Investment raised by share holder from public for profit based business in
A. Propritership
B. Partnership
C. Joint stock Company
D. Cooperative enterprises
Answer optionc
Marks: 1
Chapter: 3
1192 Form of ownership which is non profit based is
A. Propritership
B. Partnership
C. Joint stock Company
D. Cooperative enterprises
Answer optiond
Marks: 1
Chapter: 3
1193 Kirloskar Pneumatic Limited Company is
A. Public Limited
B. Private Limited
C. Partnership
D. Propritership
Answer optiona
Marks: 1
Chapter: 3
1194 Figure shows Departmentation by _____
A. Function
B. Process
C. Product
D. Territory
Answer optionc
Marks: 2
Chapter: 3
Sai Krupa Sugar & alied industry form by Mr. XYZ with 7 Board of director with, CEO. Under CEO, Plant Manager , Finance , & market . Plant Manager sup
1195
supervisor. Workers are under Supervisor. Investment raised by 43 share holder in it. Then which is suitable Organisation & form of Ownership
A. Functional orgnisation, Partnership
B. Line & staff organisation, Private ltd Company
C. Line Organisation, Propritership
D. Project Organisation, Cooperative enterprises
Answer optionb
Marks: 2
Chapter: 3
1196 Injured Employer is not liable to compensate if:
A. the worker recovers in 2 hours
B. the worker isunder influence of drink or drugs
C. any safeguard is removed by the workmen.
D. All of above
Answer optiond
Marks: 1
Chapter: 4
1197 woking capital is also called
A. blocked capital
B. current capital
C. fixed capital
D. tight capital
Answer optionb
Marks: 1
Chapter: 5
1198 Types of budget:
A. Fixed
B. variable
C. functional
D. All of above
Answer optiond
Marks: 1
Chapter: 5
1199 Figure shows _____________budget
A. Production
B. Sales
C. Capital
D. None
Answer optiona
Marks: 1
Chapter: 5
1200 Johnson Company wants to procure Land & build the structure for its own company. Investment for this coming under
A. Ciculating Capital
B. Fixed capital
C. Working Capital
D. None
Answer optionb
Marks: 2
Chapter: 5
The concept in management which concern with flow of material in an organisation by using function like purchasing, storing, moving, distributing ,production
1201
called
A. Finance Management
B. Quality management
C. Material Management
D. None
Answer optionc
Marks: 1
Chapter: 6
1202 What is Ascending path for purchasing 1) Purchase Order 2) Material Requisition 3) market analysis 4) Quotation call 5) finalisation of supplier
A. 1-2-3-4-5
B. 2-5-3-4-1
C. 4-3-1-2-5
D. 2-4-3-5-1
Answer optiond
Marks: 2
Chapter: 6
1203 Standardizing include in
A. Seiri
B. Seition
C. Seisco
D. Seiketsu
Answer optiond
Marks: 1
Chapter: 7
1204 Industrial sector involves
A. construction
B. Fisheries
C. Textile
D. All of above
Answer optiond
Marks: 1
Chapter: 1
1205 India is awarded a certification of POLIO free country in
A. Jan-2011
B. Jan-2009
C. Jan-2014
D. Jun-2011
Answer optiona
Marks: 1
Chapter: 1
Don Mackinnon , the person incharge of " Hear Music" has been given goals related to the rollout and sales of this subsidiary of starbucks . His success at imple
1206
strategy will be acessed by actual performance againest the goals . This comparison is known as :
A. Planning
B. Organizing
C. Controling
D. Implementing
Answer optionc
Marks: 2
Chapter: 2
1207 A partner who is not publically known as a partner but takes active part in the affairs of the business is
A. Sleeping patner
B. Active partner
C. Secrete partner
D. Nominal partner
Answer optionc
Marks: 1
Chapter: 3
In simple words the ………………………………can be defined as the association of two or more people doing business together to share the profit and expenses
1208
the business.
A. Propritorship
B. Partnership
C. Private Limited
D. Public Limited
Answer optionb
Marks: 2
Chapter: 3
1209 Flood , Earthquake , Tsunami are
A. Accidents because of workers
B. Accidents because of management
C. Accidents due to layout or design of working place
D. Accidents because of natural disasters
Answer optiond
Marks: 1
Chapter: 4
1210 Which is an instrument of management used as aid in the planning , programming and control of business activity
A. Finance
B. Capital
C. Budget
D. VAT
Answer optionc
Marks: 1
Chapter: 5
1211 A single unit of ownership in a corporation , mutual fund or any other type of organization is called
A. Asset
B. Liability
C. Share
D. Debenture
Answer optionc
Marks: 1
Chapter: 5
1212 Indirect Tax examples
A. Consumption Tax
B. Sales Tax
C. Wealth Tax
D. All of above
Answer optiond
Marks: 2
Chapter: 5
1213 Which includes expenses like commission to salesman ,advirtisement, discount given , carriage outward, bad debit, cost of service after sale ,rent of go down ,exp
delivery of material etc.
A. Opening stock
B. Purchases
C. Sales
D. Selling and distribution expenses
Answer optiond
Marks: 2
Chapter: 5
1214 The role of purchase department is vital because
A. Purchase department issues payment to the vendors
B. Material required for running organization is purchased by the purchase department.
C. The department which needs material sens material recipt note to purchase department
D. All of these
Answer optionb
Marks: 2
Chapter: 6
1215 ISO 9001:2000 is
A. Quality circle standard
B. Quality standard
C. Quality management system standard
D. Quality assurance standard
Answer optionc
Marks: 1
Chapter: 7
1216 In textile industry fibre is converted into ……
A. Fabric
B. Cloth
C. Yarn
D. Fibre
Answer optionc
Marks: 1
Chapter: 1
1217 The organized efforts by cetain persons, to Supply the consumers with goods and services is called _____
A. Trade
B. organization
C. Management
D. Business
Answer optiond
Marks: 1
Chapter: 1
1218 A…. Is any achievement of the end point that is stated in quantitative term .
A. Policy
B. Goal
C. Objective
D. Mission
Answer optionb
Marks: 1
Chapter: 2
1219 To set objectives and policies of the organization is function of………..
A. R& D Manager
Engineers
B.
C. General Managers
D. None of these
Answer optionc
Marks: 1
Chapter: 2
1220 Conceptual and human needs is related to………
A. Administration
B. Management
C. Science
D. Technic
Answer optiona
Marks: 1
Chapter: 2
1221 Out of following which is not the principles of management
A. Centralization of Authority
B. Scalar Chain
C. Order
D. None of these
Answer optiond
Marks: 1
Chapter: 2
1222 The process by which actual performance of subordinates is guided towords common goal of the enterprise is call ……
A. Organisation
B. Unity of command
C. Directing
D. Planning
Answer optionc
Marks: 1
Chapter: 2
Identify which statement is correct related to organization Theory Organization theory may be defines as the study of 1. Functioning 2. Perfrmance of organizat
1223
4. The behaviour of Group
A. Both 2 & 4
B. Both 1 &3
C. All the above
D. None of these
Answer optionc
Marks: 1
Chapter: 3
1224 Following diagram represents which organisation ?
B. Line & staff organisation
C. Functional organisation
D. Project organisation
Answer optionc
Marks: 1
Chapter: 3
1225 It is The process which is used to group the activities of the enterprise into various division for the purpose of the efficient management .
A. Organisation
B. Departmentation
C. Administration
Span of Control
D.
Answer optionb
Marks: 1
Chapter: 3
1226 Sahkari Bhandar is ……. Types of ownership
A. Government
B. Cooperative
C. Joint stack
D. Public limited
Answer optionb
Marks: 2
Chapter: 3
1227 The accident which leads to death of a victim is called ……..
A. Fatal Accident
B. Accident causing internal injury
C. Minor Accident
D. Major Accident
Answer optiona
Marks: 1
Chapter: 4
1228 As per Worker's Compensation act , dependant means :
A. A widow
B. A minor legitimate Son
C. A widowed mother
D. All the above
Answer optiond
Marks: 1
Chapter: 4
1229 Which is not element of financial management
A. Financial planning
B. Financial Control
C. Financial Decision -Making
Answer optiond
Marks: 1
Chapter: 5
1230 Depreciation provision is which type Source of finance?
A. Internal Source
B. External Source
C. Medium Term Source
D. Short Term Source
Answer optiona
Marks: 1
Chapter: 5
1231 …….. Is a direct tax levied on the income earned by individuals,corporations or on other forms of business entities.
A. Excise Duty
B. Sale Tax
C. Income Tax
D. Service Tax
Answer optionc
Marks: 2
Chapter: 5
1232 Anti Dumping Duty is which type of Tax?
A. Excise Duty
B. Sales Tax
C. Custom Duty
D. Service Tax
Answer optionc
Marks: 2
Chapter: 5
1233 Which of the following is not input to MRP?
A. ERP
B. BOM
C. Inverntory record file
D. MPS
Answer optiona
Marks: 2
Chapter: 6
1234 Work out product requirements in details and set product specifications on the basis of customer preferance ,cost and profit is a function of ………………
A. Inventary management
B. Quality management
C. Production management
D. Material Management
Answer optionb
Marks: 2
Chapter: 7
1. Customer Focus 2. Ledership 3. Continual improvement 4. System Approach to Management 5. Mutually beneficial Supplier relationship 6. Process approach
1235
approach to decision making 8. People involvement It is principles of …………………..
A. 5S
B. ISO9001:2000
C. Kaizen
D. TQM
Answer optionb
Marks: 2
Chapter: 7
1236 ____can be defined as an unsecured loan certificate issued by a company which is backed by general creditninstead by specified assets.
A. Asset
B. Liability
C. Share
D. Debenture
Answer optiond
Marks: 2
Chapter: 5
1237 _____ includes the bad debt means amount that cannot be recovered from market .It is treated as a loss.
A. Indirect income
B. R.D.D account
C. Sales
D. Selling & distribution expenses
Answer optionb
Marks: 1
Chapter: 5
1238 ____assists in taking decision correctly & also implementing it effectively & efficiently
A. Direct Tax
B. Indirect Tax
C. Service Tax
D. Income Tax
Answer optiona
Marks: 1
Chapter: 5
1239 Which of the following is not included in the causes of accidents under natural disaster?
A. floods
B. heavy rains
C. tsunami
D. gas leakage
Answer optiond
Marks: 2
Chapter: 4
1240 ____ is a temporary in nature & the erning capacity is reduced due to disablement .
A. Partial disablement
B. Total disablement
C. both (option I) & (optionII)
D. None of above
Answer optiona
Marks: 1
Chapter: 4
1241 First -aid appliance in industry comes under______ .
A. Health provisions
B. Safety provisions
C. Welfare provisions
D. precautions
Answer optionc
Marks: 1
Chapter: 4
1242 Absence of _____ in units will lead to failure in achiving organizational goal.
A. Communication
B. Balance
C. Flexibility
D. All of the above
Answer optiond
Marks: 2
Chapter: 3
1243 _____is generally from lowest grade employee to the top executives
A. Downward communication
B. Upward communication
C. horizontal communication
D. Unofficial communication
Answer optionb
Marks: 1
Chapter: 3
1244 _____act of simulating or inspiring workers
A. Planning
B. Controlling
C. Directing
D. Motivation
Answer optiond
Marks: 1
Chapter: 2
1245 FTA stands for______
A. Financial Transfer Arrivel
B. Foreign Transfer Arrivel
C. Foreign Tourist Arrivel
D. Foreign Tourist Arrangement
Answer optionc
Marks: 1
Chapter: 1
1246 The rates at which the excise duty to be collected are specified in the Central Excise Tariff Act _____
A. 1944
B. 1948
C. 1985
D. 1946
Answer optionc
Marks: 2
Chapter: 5
1247 ______ is an intelligent activity includes decision making ,selection of venders etc.
A. Purchasing
B. Purchasing department
C. Procurement
D. Purchase order
Answer optiond
Marks: 1
Chapter: 6
1248 Suggest appropriate Quantity(%) and purchase rate in the blank spaces provided in following ABC Classification
A. 50,intermediate purchase
B. 50,infrequent
C. 50,Frequent
D. 40,frequent
Answer optiona
Marks: 2
Chapter: 6
1249 _____defined as a statistically based process improment methodology or technique.
A. Sigma
B. Six Sigma
C. DMAIC
D. Systemize
Answer optionb
Marks: 1
Chapter: 7
1250 It aims to reduce defects to a rate of _____ defects per _____defect opportunity by identifying & eliminating causes of variation in business processes
A. 3.1,billion
B. 3.4,million
C. 3.4,thousands
D. 3.4 ,hundreds
Answer optionb
Marks: 2
Chapter: 7
1251 In India The novel economic model came with an intension of
A. Liberalization,Privatization,Globalization
B. Liberate,Private,Globalization
C. Liberate,Private,Global
D. None of above
Answer optiona
Marks: 1
Chapter: 1
1252 The items are produced using material with the help of different engineering processes and technologies is
A. Service
B. Manufacturing
C. Trade
D. None of above
Answer optionb
Marks: 1
Chapter: 1
1253 Globalization increases
A. Employement Opportunity
B. Foreign investment
C. Competition
D. All of above
Answer optiond
Marks: 1
Chapter: 1
1254 India is awarded a certification of POLIO free country by
A. World Health Organization
B. World Heath Center
C. National Health Center
D. None of above
Answer optiona
Marks: 1
Chapter: 1
1255 The main contributor in scientific school
A. Henry Feyol
B. F.W.Taylor
C. Gilberth
D. Juran
Answer optionb
Marks: 1
Chapter: 2
1256 Directing can be called
A. Lead
B. Actuate
C. None of above
D. both (option I) & (optionII)
Answer optiond
Marks: 1
Chapter: 2
1257 Taking decisions and determine the objectives in company is the role of
A. Managament
B. Administration
C. Public
D. Workers
Answer optionb
Marks: 1
Chapter: 2
1258 The line organization is developed step by step to shape as the
C. Fuction organization
D. All of above
Answer optionb
Marks: 1
Chapter: 3
1259 Ideantify the important health provisions in an industry
A. Ventilation and temperature
B. First aid appliance
C. Sitting facilities
D. None of above
Answer optiona
Marks: 1
Chapter: 4
1260 _____is defined as an accounting book of final entry where transactions are listed is separate or different accounts.
A. Assets
B. Liability
C. Ledger
D. Journal
Answer optionc
Marks: 1
Chapter: 5
1261 Capital invested in equipments,tools,furniture are termed as
A. Floating capital
B. Sinking capital
C. Working capital
D. Fixed capital
Answer optiond
Marks: 1
Chapter: 5
1262 Inheritance tax and Endowment tax are falls under
A. Direct tax
B. Indirect tax
C. Service tax
D. All of above
Answer optiona
Marks: 1
Chapter: 5
1263 Which are the following are the”Sources of working capital”
A. Trade credit
B. Credit facilities
C. Retained earnings
D. both (A) and (B)

Answer optiond
Marks: 1
Chapter: 5
1264 Buying new machinery,Doing research and Development are the examples of
A. Deffered taxation
B. Retained earning
C. Depreciation provisions
D. All of above
Answer optionb
Marks: 2
Chapter: 5
1265 An integrated information system that serves all department within an enterprise is called as
A. MRP
B. MPR
C. ERP
D. EPR
Answer optionc
Marks: 1
Chapter: 6
1266 Ideantify the different inferences of EOQ i)No quantity discounts ii)No stock out will be there iii)Receipt of material is immediate iv)Only order cost and holding
A. Only i
B. Only i and ii
C. Only i and iii
D. i,ii,iii,iv
Answer optiond
Marks: 2
Chapter: 6
1267 Ideantify important constitutes from following i)orderliness and cleaniness ii)Punctuality and continuous efforts iii)Customer service iv)Standization of work
A. Only i
B. Only i and ii
C. Only ii
D. i,ii,iii,iv
Answer optiond
Marks: 1
Chapter: 7
1268 Quality circle is small group of employees .that is may be __ to __..
A. 2 ,4
B. 5,8
C. 5,10
D. 2,20
Answer optionc
Marks: 1
Chapter: 7
1269 Match the following,select proper option L)Structurize i)Cleaning M)Systemize ii)Standardization N)Standardize iii)Neatness O)Sanitizeiv)Organization
A. L-ii,M-iv,N-i,O-iii
B. L-i,M-iv,N-ii,O-iii
C. L-iv,M-iii,N-ii,O-i
D. L-iv,M-i,N-iii,O-ii
Answer optionc
Marks: 2
Chapter: 7
1270 Which are the following two elements of TQM i)Quality of planning ii)Quality of design iii)Quality implementation iv)Quality of performance
A. i and iii
B. ii and iv
C. ii and iii
D. i and iv
Answer optiona
Marks: 2
Chapter: 7
Vidarbh Textiles is establishing company. In the first meeting some policies were determined which includes determine companies objective, Formulate correct p
1271
cost and performance standards for budget and prepare short range plans to evaluate achievements . Identify the function of management discussed in the said
A. a) Planning
B. b) Organising
C. c)Directing
D. d)Coordinating
Answer optiona
Marks: 2
Chapter: 2
1272 How many levels of management are there ?
A. a) Four
B. b) Three
C. c) As per situation
D. d) Can't say
Answer optionb
Marks: 1
Chapter: 2
1273 Which is the first in planning ?
A. a) Establish taks
B. b) Indentify resources
C. c)Prioritize goals
D. d) Establish goals
Answer optiond
Marks: 1
Chapter: 2
1274 Management is in process since
A. a) Historical period
B. b) After 1800
C. c) After 1900
D. d) After 1700
Answer optiona
Marks: 1
Chapter: 2
1275 Who said this ," Management is getting the things done by others "-?
A. a) Henry Gantt
B. b) Drucker
C. c)Mery Parker
D. d)Henry Fayol
Answer optionc
Marks: 1
Chapter: 2
1276 Which is the fastest growing sector in india now a days ?
A. a) Agriculture
B. b) Fishing
C. c) Service
D. d) Manufacturing
Answer optionc
Marks: 1
Chapter: 1
1277 Which of the following is disadvantage of Liberalisation ?
A. a) Improper distribution of income
B. b) May work against indigeous industries
C. c) Safegaurds intrest of Multinational companies only
Answer optiond
Marks: 1
Chapter: 1
1278 Trade is defined as the agreeable exchange of
A. a) goods
B. b) service
C. a and b both
D. none of these
Answer optionc
Marks: 1
Chapter: 1
1279 The chemical industry consists of the companies that
A. a)Purchases and sales chemicals
B. b) Produce industrial chemicals
C. c) converts oil,natural gas, metals,minerals,air water into different chemical products
D. b and c both
Answer optionc
Marks: 1
Chapter: 1
1280 Which of the following are types of partners ?
A. Active
B. sleeping
C. a and b both
D. none of these
Answer optionc
Marks: 1
Chapter: 3
1281 Express papers ltd is a joint stock private limited company. What is maximum limit of members?
A. a) 14
B. b) 50
C. c) 7
D. d) No such limit
Answer optionb
Marks: 1
Chapter: 3
1282 Injury is defined as harm caused to the body such as -
A. a) An abrasion
B. b) Puncture
C. c) Wound

Answer optiond
Marks: 1
Chapter: 4
1283 The capital required for establishing an organisation is called as -
A. Working capital
B. Fixed capital
C. circulating capital
D. none of these
Answer optionb
Marks: 1
Chapter: 5
1284 Financial control ensures-
A. Efficient assets utilisation
B. Security of business assets
C. Shareholder's intrest is served
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
1285 Which of the following budget is a forecast of the number of products that must be manufactured ?
A. a) Sales Budget
B. b) Production Budget
C. c) Purchase Budget
D. d)Cash Budget
Answer optionb
Marks: 1
Chapter: 5
1286 Which of the following types of budgets essential for smooth working of Manufacturing Industry ?
A. a) Master and sales baudget
B. b) Production and financial Budget
C. c) Capital and Cash budget
Answer optiond
Marks: 2
Chapter: 5
1287 Which of the following management task , refers to process of planning,storing and providing the appropriate material of the right quantity at right time and pl
A. a) Materials Management
B. b) Operational Management
C. c) Financial Management
D. d) Marketing Management
Answer optiona
Marks: 1
Chapter: 6
1288 In ABC Analysis ,which inventory is classified into group C ?
A. a)Annual consumption cost is around 15-25%
B. b)Annual consumption cost is around 70-80%
C. c)Annual consumption cost is around 5-10%
D. d)Annual consumption cost is around 50%
Answer optionc
Marks: 1
Chapter: 6
1289 Items like nuts , bolts ,screws are given a rating of -
A. a) Items A
B. b)Items B
C. c) Items C
D. d) Items D
Answer optionc
Marks: 1
Chapter: 6
1290 Figure shows Inventory Parameters Identify the parameters at X and Y ?
A. a) X- EOQ Y- Reorder Point
B. b) X- Reorder Point Y- EOQ
C. c) X- EOQ Y- Average Inventory
D. d) X- Average Inventory Y- Reorder Point
Answer optiona
Marks: 2
Chapter: 6
1291 Figure shows six sigma DMAIC cycle . Identify the missing terms from the options given below?
A. a) 1- Analyse 3- Define
B. b) 1- Design 3- Analyse
C. c) 1- Define 3- Allot
D. d) 1- Define 3- Analyse
Answer optiond
Marks: 2
Chapter: 7
1292 ATM Means?
A. Automated Teller Machines
B. All Time Money
C. Automated Trazerer Machines
D. Automatic Teller Machines
Answer optiona
Marks: 1
Chapter: 1
1293 Lower Levels operation as
A. Production
B. Purchase
C. Payment
D. All of these
Answer optiond
Marks: 1
Chapter: 2
1294 The qualities of Leadership are:
A. Honesty
B. Competent
C. Forward looking
D. All of these
Answer optiond
Marks: 1
Chapter: 2
1295 ……………… is division of Labour.
A. Chain of command
B. Authority
C. Responsibility
D. Work specialization
Answer optiond
Marks: 1
Chapter: 2
1296 "The process of classifying an organization on the basis of similar activities,to facilate planning and control is called …….
A. Organization
B. Departmentation
C. Decentralization
D. centralization
Answer optionb
Marks: 1
Chapter: 3
1297 ___________ is also called as Scalar Organization
A. Line and Staff organization
B. Functional organization
C. Line organization
D. Project organization
Answer optionc
Marks: 1
Chapter: 3
1298 "…………….. Is an association of two or more persons who have agreed to share the profits of a business carried on by all or any of them acting for all"
A. Proprietorship
B. Partership
D. Co operative Society
Answer optionb
Marks: 1
Chapter: 3
1299 To ensure …………, a long term planning related to the required manpower ,traning and development for employees is required
A. Balance
B. Stability
C. Flexibility
D. All of these
Answer optionb
Marks: 2
Chapter: 3
1300 Main aim of Public Sector is
A. Profit motive
B. Service motive
C. Service members
D. All of these
Answer optionb
Marks: 2
Chapter: 3
1301 Which of the following is not a human cause for accidents in industry?
A. Oily or greasy floors
B. mental worries
C. carelessness
D. improper usage of tools
Answer optiona
Marks: 1
Chapter: 4
1302 Accidents include injuries because of exposure to :
A. Harmful substances
B. Toxic gases
C. Dangerous fumes
D. All of these
Answer optiond
Marks: 1
Chapter: 4
1303 Where death from accidents, amount of compensation given by which act
A. Factory Act
B. Minimum Wages Act
C. Workmens Compensation Act
D. All of the above
Answer optionc
Marks: 2
Chapter: 4
1304 Tax paid by individual to Central Government of India it is called as
A. Service Tax
B. Income Tax
C. Excise Duty
D. VAT
Answer optionb
Marks: 1
Chapter: 5
1305 Commission paid to salemen, discount on bills they are debited in
A. Balance Sheet
B. Profit and Loss Account
C. Capital account
D. Trading account
Answer optionb
Marks: 2
Chapter: 5
1306 A' type of item are generally ….. Of all inventories cost
A. 0%
B. 10%
C. 50%
D. 1%
Answer optiond
Marks: 1
Chapter: 6
1307 ……… mainly focuses on the right quantity of items to be stored to reduce the cost associated with the inventories
A. ABC
B. EOQ
C. ERP
D. SAP
Answer optionb
Marks: 1
Chapter: 6
1308 Input to MRP are

B. Bill of Material file with lead time
C. Inventory record file
D. All of these
Answer optiond
Marks: 1
Chapter: 6
1309 Objective of Purchasing are
A. To ensure quality of material
B. To procure right material
C. To procure material at reasonable price
D. All of these
Answer optiond
Marks: 2
Chapter: 6
1310 ……… module facilitates processes of maintaining the stock levels in a warehouse
A. Production
B. Purchasing
C. Sales & Marketing
D. Inventory
Answer optiond
Marks: 2
Chapter: 6
1311 The quality management system of ISO 9001 : 2000 is based on
A. Customer focus
B. Involment of people
C. Process approach
D. All of these
Answer optiond
Marks: 1
Chapter: 7
1312 "Do it Right First Time"- it is principle of
A. ISO
B. TQM
C. TQP
D. All of these
Answer optionb
Marks: 1
Chapter: 7
1313 A process whereby superiors and subordinates jointly set goals and assess contributions of Every one to the common goals is called__________.
A. MBE
B. MBO
C. MBS
D. MBP
Answer optionb
Marks: 2
Chapter: 3
1314 Departmentation on the basis of activities grouped according to the type of customer is__________.
A. departmentation by function
B. departmentation byproducts
C. departmentation by territory
D. departmentation by customers
Answer optiond
Marks: 1
Chapter: 3
1315 Management By Objectives was introduced by_____________.
A. Taylor
B. Elton Mayo
C. Peter Drucker
D. Maslow
Answer optionc
Marks: 1
Chapter: 3
1316 out of following which is not the correct advantage of 'Division of Work'?
A. extra pressure of work on very few reduced
B. quality of work gets reduced
C. monopoly In skills by few in reduced
D. work gets completed in less time
Answer optionb
Marks: 1
Chapter: 2
1317 Management is an organ; organs can be described and defined only through their functions. This definition was given by____________.
A. Peter F. Drucker
B. Terry.
C. Louis Allan.
D. Henry Fayol.
Answer optiona
Marks: 1
Chapter: 2
1318 By India there is very large export of processed _______________
A. fruits and vegetables
B. Chemicals
C. finished products
D. fishes
Answer optiona
Marks: 1
Chapter: 1
1319 The following picture is associated with :
A. maximum weight to carried
B. employment of a young person
C. method of carring bricks
D. none of these
Answer optionb
Marks: 1
Chapter: 4
As per Factories Act "Factory" means any premises including the precincts there of where ____ or more workers are working or were working on any day of th
1320
months, and in any part of which a manufacturing process isbeing carried on without the aid of power, or is ordinarily so carried on.
A. 40
B. 20
C. 50
D. 100
Answer optionb
Marks: 2
Chapter: 4
1321 Aim of financial management is at
A. control of cash
B. financial control
C. management of earnings
D. all of the above
Answer optiond
Marks: 1
Chapter: 5
1322 computer software, goodwill, brands / tradmarks, mining rights, copyrights and patents are known as __________
A. tangible assets
B. intangible assets
C. capital work in progress
D. none
Answer optionb
Marks: 1
Chapter: 5
1323 _____________ is levied on the sale of commodity, it is produced or imported and sold for the first time.
A. customs duty
B. sales tax
C. service tax
D. gift tax
Answer optionb
Marks: 1
Chapter: 5
1324 suppose following is budget of a company : 'T' stands for
A. Total cost
B. Total cost on direct labour
C. Total cost on indirect labour
D. Cost per unit
Answer optionb
Marks: 2
Chapter: 5
1325 material handing cost means
A. loss due to deterioration
B. cost to be paid to consumer
C. cost of packing material
D. cost of handling material
Answer optiond
Marks: 1
Chapter: 6
1326 C' class items are _______________ % of the total number of items
A. 5-10
B. 15-25
C. 65-75
Answer optionc
Marks: 1
Chapter: 6
1327 To have selective control and focus attention only on important items __________ will helps manager
A. ABC analysis
B. EOQ
C. inventory
Answer optiona
Marks: 1
Chapter: 6
JIT (Just-In-Time) inventory control is an approach to inventory control, which stipulates that materials should arrive just, as they are needed, in the productio
1328
Which of the following would generally not be associated with a successful JIT program, for the purpose of inventory control?
A. Well-organized receiving and handling of materials purchased from suppliers
B. Strong management commitment
C. Suppliers located in diverse and distant locations
D. High quality of materials purchased from suppliers
Answer optionc
Marks: 2
Chapter: 6
1329 ______________ is a computer based system designed to stramline and integrate various operation and information flows in the company
A. MRP
B. ERP
C. MPS
D. TQM
Answer optionb
Marks: 2
Chapter: 6
1330 Each __________ is lead by the area supervisor and all circles are co-ordinated by a facilitator
A. Kaizen
B. 5 S
C. Quality Circle
D. ERP
Answer optionc
Marks: 1
Chapter: 7
1331 Six sigma is ______________ improvement methodology
A. manufacturing
B. business
C. customer relationship
D. continous
Answer optionb
Marks: 1
Chapter: 7
1332 Which of the following organisation belongs to Service Sector?
A. Kirloskar Oil Engines Limited
B. Bajaj Electricals Limied
C. Karmayogi Sahkari Sakhar Karkhana
D. Birla Sunlife Insurance Company Limited.
Answer optiond
Marks: 1
Chapter: 1
1333 Which of the following is not effect of globalisation in India?
A. Increase in size of market
B. Increase in quality awareness

C. Increase in foreign Investment
D. Decrease in rainfall
Answer optiond
Marks: 1
Chapter: 1
1334 Name the scientist who put forward the theory of 'hierarchy of human needs'.
A. Elton Mayo
B. Abraham Maslow
C. Peter Drucker
D. Frank Gilbreth
Answer optionb
Marks: 1
Chapter: 2
1335 Which alternative can replace blank spaces in given statement? Statement: '----------------------- and---------------------- must always go together.'
A. Authority, opportunity
B. Authority, responsibility
C. Authority, discipline
D. Accountability, productivity
Answer optionb
Marks: 1
Chapter: 2
1336 Identify function of management from following alternatives.
A. Decision making
B. Conducting market survey
C. Maintenance of machines
D. Material handling
Answer optiona
Marks: 1
Chapter: 2
1337 Identify correct meaning of Fayol's principle 'Subordination of individual interests to the general interests.'
A. The interests of an individual are more important than general interests.
B. The general interests are more important than individual interests.
C. A subordinate should generally take interest in his work
D. Interests of individual subordinates finally result into general interest.
Answer optionb
Marks: 1
Chapter: 2
What is the correct sequence of control procedure? ( P) taking corrective action (Q) Measuring actual performance ( R )Setting up standard (S) Comparison of
1338
Standard
A. RQSP
B. RPQS
C. RSQP
D. PQSR
Answer optiona
Marks: 2
Chapter: 2
1339 Identify the alternative which does not indicate feature of a joint stock company?
A. Separate legal status
B. Unlimited Liability
C. Perprtual Succession
D. Separation of ownership and management

Answer optionb
Marks: 1
Chapter: 3
1340 In which type of organisation decision making activity consumes least time?
B. Line and staff organisation
C. Project Organisation
D. Functional Organisation
Answer optiona
Marks: 1
Chapter: 3
Some women from a village want to set up a small industrial unit to produce various types of Jams ,Jellies,Juices from locally available fruits.Which form of ow
1341
more suitable for this agro based industry ?
A. Proprietory firm
B. Partnership firm
C. Co-operative Society
D. Private Limited Company
Answer optionc
Marks: 1
Chapter: 3
1342 What is the most suitable base for departmentation for a company selling only washing machines over entire India?
A. Product
B. Process
C. Function
D. Territory
Answer optiond
Marks: 2
Chapter: 3
M/s Technica Private Limied is a medium scale industry which manufactures and sells machine tools.It requires services of experts in various fields like metallu
1343
engineering,computer software,finance,manufacturing,etc.Which type of organisation structure will be more suitable for this company?
Answer optionb
Marks: 2
Chapter: 3
Identify the alternative which can correctly replace blank spaces in following statement. Statement:According to Factories Act ,women workers can work in fac
1344
hours between ---------------------------------.
A. 7:00 a.m. to 7:00 p.m.
B. 7:00 p.m. to 7:00 a.m.
C. 8:00 a.m. to 6:00 p.m.
D. 6:00 a.m. to 7:00 p.m.
Answer optiond
Marks: 1
Chapter: 4
1345 Which industrial Act safeguards interests of workers against their expolitation regarding wages?
A. Payment of bonus Act
B. Minimum Wages Act
C. Workmens' Compensation Act
D. Industrial Dispute Act
Answer optionb
Marks: 1
Chapter: 4
1346 Identify from the following a mechanical cause of accident .
A. Operating at unsafe speed
B. Unsafe loading or unloading of goods
C. Physical or mental fatigue
D. Leakage of chemical through valve of storage tank
Answer optiond
Marks: 1
Chapter: 4
1347 Which of the following is not the direct tax?
A. Excise duty
B. Municipal Property Tax
C. Income Tax
D. Gift Tax
Answer optiona
Marks: 1
Chapter: 5
1348 The expenditure on which of following items can be classified as Working Capital?
A. Machine Tools
B. Electricity Generator
C. Maintenance of machines
D. Patents
Answer optionc
Marks: 1
Chapter: 5
1349 Identify false statement out of given statements
A. Debenture holders are creditors of the company.
B. Debenture holders can vote in annual general meeting of the company.
C. Debenture holders get interest on their investment irrespective of Company's financial performance.
D. Debenture holders have a charge on the assets of the company.
Answer optionb
Marks: 1
Chapter: 5
1350 Which budget can be considered as summarised budget for entire organisation?
A. Final Budget
B. Central Budget
C. Master Budget
D. Total Budget
Answer optionc
Marks: 2
Chapter: 5
Which pair is correctly matched? Group I :(p)Excise duty (q)Customs duty (r ) Income Tax (s) VAT Group II: (a) Income of individual (b) Production of goods (
1351
value added (d) Import of goods
A. p-b,q-a,r-d,s-c
B. p-b,q-d,r-a,s-c
C. p-b,q-c,r-a,s-d
D. p-c,q-a,r-d,s-d
Answer optionb
Marks: 2
Chapter: 5
1352 Which costs are optimised to find EOQ ? (p)Procurement Cost (q) Material Cost ( r) Labour Cost ( s) Indirect Cost (t) Inventory carrying cost
A. (p)& (q)
B. (p), (q)& (t)
C. (p)& (t)
D. All (p),(q),( r),(s) and (t)
Answer optionc
Marks: 1
Chapter: 6
1353 Which costs can not be considered as inventory carrying cost?
A. Cost of storage of materials
B. Cost towards deterioration and obsolescence of materials
C. Cost of insurance of material
D. Cost of placing purchase order for materials
Answer optiond
Marks: 1
Chapter: 6
1354 What is lead time?
A. Time duration between placing an order to the supplier and actual receiving material
B. Time required to compare the quotations received
C. Time required between receiving the material and actual manufacturing
D. Total time required for purchase procedure
Answer optiona
Marks: 1
Chapter: 6
1355 What is full form of ERP?
A. Employee Recruitment Planning
B. Energy Resource Planning
C. Enterprise Resource Planning
D. Export Revenue Planning
Answer optionc
Marks: 1
Chapter: 6
1356 Which statement regarding 'A'category items in ABC analysis is false?
A. 'A'category items should be purchased in large quantity and less frequently
B. 'A'category items are least in number but their share in annual consumption cost is maximum.
C. The safety stock for 'A'category items is kept less
D. 'A'category items require careful and accurate determination of EOQ.
Answer optiona
Marks: 2
Chapter: 6
What is the correct sequence of Purchase procedure? ( P)Decision of purchasing (Q) Issuing Purchase order ( R )Market analysis of material suppliers (S) Mate
1357
received (T)Material receiving,accepting and payment to supplier (U) Finalisation of suppliers
A. S-P-R-Q-T-U
B. S-R-P-U-Q-T
C. S-Q-R-U-P-T
D. S-P-R-U-Q-T
Answer optiond
Marks: 2
Chapter: 6
1358 Identify the position which is not included in organisation for Quality Circle?
A. Facilitator
Director
B.
C. Member,Steering Committee
D. Leader
Answer optionb
Marks: 1
Chapter: 7
1359 Identify incorrect statement from given alternatives.
A. Quality increases productivity.
B. Quality is defined by the customer.
C. The cost of non quality is high.
D. Quality is negotiable.
Answer optiond
Marks: 1
Chapter: 7
1360 What is not included in 5S?
A. Seiri
B. Seition
C. Shinto
D. Seiso
Answer optionc
Marks: 1
Chapter: 7
1361 Find incorrect pair of ISO standard and and its title.
A. ISO 9001:Model for Quality assurance in production,installation and servicing
B. ISO 9003:Model for Quality assurance in final inspection and testing
C. ISO 9004:Model for Quality management and Quality system
D. ISO 8402: Management of audit programmes
Answer optiond
Marks: 2
Chapter: 7
1362 Which of the following is not principle of TQM?
A. Do it right first time.
B. Continuous improvement
C. Higher the quality,higher the cost.
D. Empowering the staff
Answer optionc
Marks: 2
Chapter: 7
1363 Which two costs are optimised to find EOQ ?
A. Procurement Cost and Production Cost
B. Procurement Cost and Inventory Carrying Cost
C. Selling Cost and Production Cost
D. Material Cost and Labour Cost
Answer optionb
Marks: 1
Chapter: 6
1364 Which costs can not be considered as procurement cost?
A. Cost of receiving quotation
B. Interest on capital invested in inventory
C. Cost of follow up and expediting purchase order
D. Cost of placing purchase order for materials

Answer optionb
Marks: 1
Chapter: 6
1365 What is right meaning of inventory?
A. A collective term used for raw materials and consumables,work-in-process,finished goods.
B. A record of all inventions
C. A woman inventor
D. A place where all raw materials and consumables,work-in-process,finished goods.are stored.
Answer optiona
Marks: 1
Chapter: 6
Which alternative can replace blank space in given statement? Statement : ------------------ is a business management system which integrates all functional units
1366
through a common corporate database.
A. Material requirement planning
B. Inventory Control
C. Enterprise Resource Planning
D. Management Information System
Answer optionc
Marks: 2
Chapter: 5
1367 Which statement regarding preference share holders is incorrect?
A. Preference shareholders enjoy voting right.
B. Preference shareholders have first claim to get dividend.
C. Preference shareholders get fixed dividend /annum
D. Preference shareholders have low risk of investment.
Answer optiona
Marks: 2
Chapter: 5
1368 Which of following can not be considered as source of fixed capital?
A. Long term Loan from financial institutions
B. Retained Earnings
C. Bank overdraft
D. Long term Debentures
Answer optionc
Marks: 1
Chapter: 5
Which alternative can replace blank space in given statement? Statement : A ------------------ is a forecast of revenues ,expenses and resources over a specified fut
1369
time.
A. Profit and Loss Statement
B. Cash flow statement
C. Budget
D. Balance Sheet
Answer optionc
Marks: 1
Chapter: 5
1370 Identify the cause of accident which is a personal factor?
A. Poor housekeeping in the plant.
B. Workers talking on mobile phones while operating machines.
C. Slippery floors because of spillage of oil on floor
D. Insufficient number of emergency exits and doors
Answer optionb
Marks: 1
Chapter: 4
1371 Which of the following can not be considered as welfare activity for workers.
A. Adequate ventilation by circulation of fresh air
B. Providing facility for sitting
C. Providing facility of canteen.
D. Providing facility of creches
Answer optiona
Marks: 1
Chapter: 4
1372 In following alternatives,some statements related with Public Sector are given .Identify which statement is incorrect .
A. Public sector Industries encourage development of underdeveloped regions of the country.
B. Public Sector leads to equitable distribution of wealth and income.
C. The main motive of public sector units is profit and social benefit is secondary motive.
D. Public sector generally dominates production of producer goods.
Answer optionc
Marks: 2
Chapter: 3
1373 What is minimum number of members in a public limied company?
A. 02
B. 07
C. 20
D. 50
Answer optionb
Marks: 1
Chapter: 3
1374 In which form of ownership,the owner has to bear unlimited liability?
A. Private limied Company
B. Public limited Company
C. Proprietory firm
D. Co-operative Socirty
Answer optionc
Marks: 1
Chapter: 3
1375 For which type of following business, the form of cooperative society will be the most suitable?
A. Manufacturing of sewing machines
B. Providing laundry services
C. Extraction of oil from groundnuts
D. Exploration of metals from mines
Answer optionc
Marks: 1
Chapter: 3
1376 Identify the subfunction which is not included in Directing function.
A. Leadership
B. Communication
C. Co-ordination
D. Supervision
Answer optionc
Marks: 1
Chapter: 2
1377 Identify the alternative which does not give function of middle level management.
A. To select suitable staff for lower level of management

B. To guide and instruct workers regarding daily workload
C. To evaluate performance of supervisors
D. To execute plans determined by top level of management.
Answer optionb
Marks: 1
Chapter: 2
1378 Name the scientist who put forward the theory of 'Scientific Management'.
A. Abraham Maslow
B. Frank Gilbreth
C. Henry Fayol
D. F.W.Taylor
Answer optiond
Marks: 1
Chapter: 2
1379 Which of the following is not an Agro Industry based product ?
A. Jute bags
B. Chemical Pesticide
C. Jaggery
D. Fruit Jam
Answer optionb
Marks: 1
Chapter: 1
1380 Identify the organisation which does not belong to Service Sector.
A. Tata Motors Limited
B. Bank of Maharashtra
C. General Insurance Corporation of India
D. Taj Group of Hotels
Answer optiona
Marks: 1
Chapter: 1
1381 Identify false statement out of given statements in alternatives,regarding effects of globalisation.
A. Cultural transfusion is creating threat to Indian culture and tradition.
B. Small scale industries are facing severe competition from large scale industries.
C. Cheaper products manufactured outside India are preferred by Indian customers compared to Indian products
D. Identity of nationality is enhanced due to foreign collaboration and multi national companies.
Answer optiond
Marks: 1
Chapter: 1
1382 Which of the following organisation belongs to Public Sector?
A. Bajaj Electricals Limited
B. Bharat Heavy Electricals Limied
C. Bhima Sahkari Sakhar Karkhana
D. Birla Sunlife Insurance Company Limited.
Answer optionb
Marks: 1
Chapter: 1
What is the first step of Purchase procedure? ( P)Decision of purchasing (Q) Issuing Purchase order ( R )Market analysis of material suppliers (S) Material requ
1383
(T)Material receiving,accepting and payment to supplier (U) Finalisation of suppliers
A. Finalisation of Supplier
B. Issuing Purchase Order
C. Material requisition received

D. Accepting material and making payment to supplier
Answer optionc
Marks: 2
Chapter: 6
1384 What is the term used for slow but never ending improvement in all aspects of life ?
A. Kan Ban
B. Seiketsu
C. Kaizen
D. Poka Yoka
Answer optionc
Marks: 1
Chapter: 7
1385 With reference to 5S, which pair of Japaneese word and its meaning in English is not properly matched?
A. Seiri-Sustaining
B. Seition-Set in order
C. Seiso-Shining
D. Seiketsu-Standardising
Answer optiona
Marks: 1
Chapter: 7
What is the correct sequence of planning procedure? ( P) Planning premises (Q) Implementing Plan & taking corrective actions ( R )Evaluating Alternatives &
1386
best (S) Developing alternative Plans(T) Fixing objectives
A. TPRSQ
B. TPSRQ
C. RSQPT
D. PTSRQ
Answer optionb
Marks: 2
Chapter: 2
M/s Madhura Sugars is a private firm in sugar industry which produces and sells sugar, that is produced by chemically processing sugarcane juice.Which type o
1387
more suitable for this company?
Answer optiona
Marks: 2
Chapter: 3
1388 Which of the following is not financial institution?
A. State Bank of India
B. Industrial Development Bank of India
C. State Financial Corporation
D. Unit Trust of India
Answer optiona
Marks: 1
Chapter: 5
1389 Which statement regarding 'C'category items in ABC analysis is true?
A. 'C'category items require careful attentionand accurate determination of EOQ.
B. 'C'category items are least in number but their share in annual consumption cost is maximum.
C. 'C'category items should be purchased in large quantity and less frequently
D. 'C'category are less valuable.
Answer optionc
Marks: 2
Chapter: 6
1390 Identify wrong statement regarding Quality Circle.(Q.C.)
A. Basic objective of Q.C. is to identify and solve work related problems for improving Quality and Productivity
B. Q.C.is based on concept that employees closest to the problem better understand nature of problem and its feasible solution.
C. Membership to Q.C. is compulsory
D. Q.C.Members meet regularly under guidance of their leader
Answer optionc
Marks: 2
Chapter: 7
1391 KPO stands for
A. Knowledge Procedure Outsourcing
B. Knowledge Process OutSourcing
C. Knowledge Process Organization
D. None of above
Answer optionb
Marks: 1
Chapter: 1
1392 ___ was main contributor in the scientific school
A. Frank Gilbreth
B. Peter Drucker
C. Frederick Taylor
D. Henry Fayol
Answer optionc
Marks: 1
Chapter: 2
1393 ____ has to be maintained in an organization while treating the employees
A. Scalar Chain
B. Order
C. Equity
D. Unity of Command
Answer optionc
Marks: 1
Chapter: 2
1394 The managers working at middle level ____ manages the whole organization and reach to the goal defined by top management.
A. Strategically
B. Tactically
C. Operationally
D. All of the above
Answer optionb
Marks: 1
Chapter: 2
1395 ____ are private and mainly created for providing the different services to the individual as well as society.
A. Private Undertaking
B. Partnership
C. Joint Stock Companies
D. Cooperative Organizations
Answer optiond
Marks: 1
Chapter: 3
1396 In ____ minimum members involved are 2 and maximum are 50

A. Joint Stock Private Limited Stock company
B. Joint Stock Public Limited Company
C. Co-operative Organization
D. Private Undertaking
Answer optiona
Marks: 1
Chapter: 3
1397 ____ are Public welfare Department, Department of Human Resource Development etc
B. Public Companies
C. Public Corportations
D. Private Undertaking
Answer optiona
Marks: 2
Chapter: 3
1398 Tsunami is an
A. Accident because of human beings
B. Accident because of Management
C. Accident because of bad weather
D. Accident because of Natural Disasters
Answer optiond
Marks: 1
Chapter: 4
1399 ____ is universal lubricant which keeps enterprise dynamic
A. Capital
B. Finance
C. Budget
D. VAT
Answer optiona
Marks: 1
Chapter: 5
1400 The ____ is an accounting and a taxation term
A. Retained Earnings
B. Depreciation Provisions
C. Deferred Taxation
D. All of the Above
Answer optionb
Marks: 1
Chapter: 5
1401 Suggest the appropriate types of sources for Middle Term Capital
A. Trade credit, Bank Credit
B. Equipment Leasing, Straight Term Loans
C. Sale and Lease Back, Loans
D. Credit Sales, Trade Credits
Answer optionb
Marks: 2
Chapter: 5
1402 ABC Analysis plays a vital role in ____ management
A. Finance
B. Inventory
C. Both (a) and (b)

D. Material
Answer optionb
Marks: 1
Chapter: 6
1403 ____ is one which allows lowest cost per unit and is most advantageous
A. Economic Order Quantity
B. Economic Order Quality
C. Equal Order Quantity
D. Equal Order Quality
Answer optiona
Marks: 1
Chapter: 6
1404 Suggest the appropriate inputs to MRP:
A. Master Distribution Schedule, Inventory File
B. Master Production Schedule, Inventory Record File
C. Master Sales Schedule, Inventory Sale File
D. Master Output Schedule, Inventory Bill File
Answer optionb
Marks: 2
Chapter: 6
Arrange the activities of Purchasing Procedure before issuing Purchase order i) Making request for quotation ii)Selection of possible potentials sources of suppl
1405
right source of supply iv) Receipt and analysis of quotations
A. i, ii, iii, iv
B. ii, i, iv, iii
C. ii, iii, i, iv
D. iv, i, ii, iii
Answer optionb
Marks: 2
Chapter: 6
1406 CRM is
A. Customer Relationship Management
B. Customer Relation Manager
C. Custom Relative Management
D. Customer Relative Manager
Answer optiona
Marks: 1
Chapter: 7
1407 Clause of ISO 9001:2000 Internal Audit includes ____
A. Need of Internal Audits at pre planned intervals
B. Includes Supervision and Measurements
C. Monitors and Measures products as well as services
D. Includes Data Analysis for continuous improvement
Answer optiona
Marks: 1
Chapter: 7
1408 Match the following -Select Proper Option l) Quality Circle i)School of Wisdom m) Kaizen ii) Small group of voluntary employees n) 6 sigma iii) 3.4 defects per
A. l -i, m-iii, n-ii
B. l- ii, m-iii, n-i
C. l-ii, m-i, n-iii
D. l-iii, m- ii, n-iii
Answer optionc
Marks: 2
Chapter: 7
1409 Statement 1:MRP maintains maximum inventory Statement 2:MRP provides better inventory turnover
A. both 1&2 are correct
B. both 1&2 are wrong
D. 1 wrong,2 correct
Answer optiond
Marks: 2
Chapter: 6
1410 Why purchasing is required
A. To produce material at lowest cost
B. To maintain standards of quality
C. Both a and b
D. None
Answer optionc
Marks: 1
Chapter: 6
1411 Labour budget is based on
A. Flexibility
B. Function
C. Mechanism
D. None
Answer optionb
Marks: 1
Chapter: 5
1412 A budget which is designed to change in relation with the level of activity of the business
A. capital expenditure budget
B. variable budget
C. cash budget
D. material budget
Answer optionb
Marks: 1
Chapter: 5
1413 According to Workman's compensation act, in which of the following cases should an employer provide compensation to the employee?
A. Injury caused during employment
B. Injury caused by accident
C. Any disablement/death after accident
D. All of above
Answer optiond
Marks: 1
Chapter: 4
1414 Who is responsible for accident
A. Worker
B. Management
C. Working condition
D. All of above
Answer optiond
Marks: 1
Chapter: 4
1415 Which Statement is wrong

A. In team work,there is more contribution from many
B. Talent of each member cannot be used
C. Teamwork creates good work culture
D. Big task is easier due to teamwork
Answer optionb
Marks: 1
Chapter: 2
1416 Which statement is wrong ?
A. Discipline has no excuss
B. Organisation needs discipline
C. Discipline starts from bottom to top
D. Lack in discipline leads to loss control
Answer optionc
Marks: 1
Chapter: 2
1417 Out of the following which is not function of management
A. Planning
B. Controlling
C. Discipline
D. Directing
Answer optionc
Marks: 1
Chapter: 2
1418 Mc Gregor has given contribution in
A. Concept of bureaucracy
B. Motion Study
C. Theory X &Theory Y
D. Time study
Answer optionc
Marks: 1
Chapter: 2
1419 Domestic trade is also called as
A. Global trade
B. Foreign trade
C. International trade
D. Internal trade
Answer optiond
Marks: 1
Chapter: 1
1420 India is largest market in the world for
A. Cars
B. Three Wheelers
C. Heavy Vehicles
D. Public travels
Answer optionb
Marks: 1
Chapter: 1
1421 Statement 1:procurement is a systematic process Statement 2: Purchasing is a routine process
A. both 1&2 are correct
B. both 1&2 are wrong
D. 1 wrong,2 correct
Answer optiona
Marks: 2
Chapter: 6
1422 Quality managemant
A. Assures Quality
B. Only few do all work
C. Both a and b
D. None
Answer optiona
Marks: 1
Chapter: 7
1423 Match the pairsof column 1 & 2 Column 1 a) Seiri b) Seition c) Seiso d) Seiketsu Column 2 1) Standardise 2) Sanitise 3) Systemise 4) Structurise
A. a-1,b-3,c-4,d-2
B. a-2,b-1,c-3,d-4
C. a-3,b-2,c-1,d-4
D. a-4,b-3,c-2,d-1
Answer optiond
Marks: 2
Chapter: 7
1424 What is the relationship between graph & classification of A, B, C categories?
A. Classification is done after drawing graph
B. Graph is drawn after classification
C. Graph is not drawn in ABC analysis
D. None
Answer optiona
Marks: 2
Chapter: 6
1425 Which is the assumption in EOQ?
A. Cost of placing order is variable
B. One stock out is allowed
C. Both I & ii options
D. None
Answer optiond
Marks: 1
Chapter: 6
1426 ________ determines quantity & timing for material planning
A. ERP
B. MRP-II
C. MRP
D. SAP
Answer optionc
Marks: 1
Chapter: 6
1427 Shares is included under _____________ source of finance
A. Short term
B. Medium term
C. Long term
D. None
Answer optionc
Marks: 2
Chapter: 5
1428 Statement - 1 : Excise is direct tax Statement -2 : Excise is a commodity tax
A. Statement 1 & 2 are wrong
B. Statement 1 is wrong & 2 is correct
C. Statement -1 is correct & 2 is wrong
D. both statement 1 & 2 are correct
Answer optionb
Marks: 1
Chapter: 5
1429 Structure of organisation is represented by
A. Organisation brochure
B. Oragnisation chart
C. Organisation draft
D. All the above
Answer optionb
Marks: 1
Chapter: 3
1430 Which is the first need in Maslow's need hierarchy?
A. Security
B. Physiology
C. Social
D. Self-Actualisation
Answer optionb
Marks: 1
Chapter: 2
1431 Following industry comes under tertiary sector in economy
A. Mining industry
B. Cement Industry
C. Service Industry
D. Sugar Industry
Answer optionc
Marks: 1
Chapter: 1
1432 Reserve Bank of India established in _____________
A. 1947
B. 1950
C. 1933
D. 1935
Answer optiond
Marks: 1
Chapter: 1
1433 Which is the component of TQM?
A. Customer focus
C. Total involvment of all employees
D. All the above
Answer optiond
Marks: 1
Chapter: 7
1434 5 S is
A. Systematic way of working

B. Good housekeeping
C. Disciplined
D. Positioning of items
Answer optiond
Marks: 1
Chapter: 7
1435 SEZ means
A. special export zone
B. special economic zone
C. state economic zone
D. special engineering zone
Answer optionb
Marks: 1
Chapter: 1
1436 Which is first need in Maslow's need of hierarchy?
A. Physiological
B. Security
C. social
D. Self actualisation
Answer optiona
Marks: 1
Chapter: 2
1437 Government sector is also called as
A. Public sector
B. service sector
C. People's sector
D. none
Answer optiona
Marks: 1
Chapter: 3
1438 Which is incorrect type of partner?
A. Active
B. Perfect
C. Nominal
D. Sleeping
Answer optionb
Marks: 1
Chapter: 3
1439 Tata motors refers to which of the following company type
A. Public limited company
B. private limited company
C. ownership company
D. partnership company
Answer optiona
Marks: 2
Chapter: 3
1440 Internal accident means
A. accident in the premises of company
B. injury without showing external signs
C. both
D. none
Answer optionb
Marks: 2
Chapter: 4
1441 Six sigma success factors are
A. Leader's commitment
B. Innovative
C. Facts bades decision making ideas
D. All
Answer optiond
Marks: 1
Chapter: 7
1442 An adult worker can work up to ____ hrs in a day as per factories Act, 1948.
A. 8
B. 9
C. 10
D. 12
Answer optionb
Marks: 1
Chapter: 4
1443 Minimum ___________ & Maximum ____________ Persons can be partners in a business
A. 4,20
B. 2,20
C. 4,10
D. 2,10
Answer optionb
Marks: 2
Chapter: 3
1444 Delegation is a right given by a ____ to ____ to make decisions.
A. Manager, Employee
B. C. E. O., H.R.
C. Manager , Supervisior
D. Superior , Subordinate
Answer optiond
Marks: 2
Chapter: 3
1445 A public limited company can have minimum ____ and maximum ___ members.
A. 2, unlimited
B. 2, 100
C. 4, 100
D. 7, unlimited
Answer optiond
Marks: 1
Chapter: 3
1446 The staff specialist provides _____ to line managers.
A. Machines
B. work
C. advice
D. orders
Answer optionc
Marks: 1
Chapter: 3
1447 Need- want - satisfaction chain is invented by _______
A. Maslow
B. Taylor
C. Drucker
D. Fayol
Answer optiona
Marks: 1
Chapter: 2
1448 _____ policy covers all the medical expenses following hospitalisation.
A. health insurance
B. travel insurance
C. life insurance
D. motor insurance
Answer optiona
Marks: 1
Chapter: 1
1449 The current effective service tax rate is:
A. 10%
B. 12%
C. 12.36%
D. 15%
Answer optionb
Marks: 1
Chapter: 5
1450 Which one of the following is not a current liability?
A. short- term borrowings
B. trade payables
C. short- term provisions
D. long- term provisions
Answer optiond
Marks: 1
Chapter: 5
1451 select the apropriat options for 1,2,3,4 in above fig.
A. 1-Production Budget 2- Mft. Overhead Budget3-Cash budget4-Direct Material Budget
B. 1-Mft. Overhead Budget 2- Production Budget 3-Cash budget 4-Direct Material Budget
C. 1-Mft. Overhead Budget 2- Production Budget 3- Direct Material Budget 4-Cash budget
D. 1- Cash budget 2- Production Budget 3- Direct Material Budget 4-Mft. Overhead Budget
Answer optiona
Marks: 2
Chapter: 5
1452 Which is the first step in purchasing?
A. Decision for purchasing
B. Material requisition
C. Finalisation of supplier
D. Market analysis
Answer optionb
Marks: 1
Chapter: 6
1453 Statement 1- ERP needs exhaustive training to employees Statement 2- Cost of ERP installation is less
A. Both 1 and 2 correct

Answer optionc
Marks: 2
Chapter: 6
1454 Give the % of total consumption cost in above figure
A. A-5-10, B-30-60, C-5-10
B. A-70-80, B-10-20, C-5-10
C. A-5-10, B-10-20, C-20-80
D. A-70-80, B-1-46, C-5-10
Answer optionb
Marks: 2
Chapter: 6
1455 Innovation shows _____ steps and Kaizen shows _____ steps in speed of work
A. Big, Small
B. Small, Big
C. Small, Small
D. Big, Big
Answer optiona
Marks: 1
Chapter: 7
1456 A Pareto chart points out:
A. that the process is in control
B. the key cause
C. process capability
D. customer needs
Answer optionb
Marks: 1
Chapter: 7
1457 Which one of the following is not a principle of TQM?
A. customer satisfaction
B. promote communication
C. empowering employee
D. feedback
Answer optiond
Marks: 1
Chapter: 7
1458 If XYZ company makes or produces TVs it can be called as ____ type of industry.
A. Service
B. Manufacturing
C. Trade
D. All of these
Answer optionb
Marks: 1
Chapter: 1
1459 Infosys is example of ___ industry
A. IT
B. Textile
C. Manufacturing
D. All of these
Answer optiona
Marks: 1
Chapter: 1
1460 In banking sector ATM stands for
A. Any Time Money
B. All Time Money
C. Automatic Tailor Machine
D. Automated Teller Machine
Answer optiond
Marks: 1
Chapter: 1
1461 Edible oil is a product of
A. Textile Industry
B. IT Industry
C. Agro Industry
D. Chemical Industry
Answer optionc
Marks: 1
Chapter: 1
1462 Administration is a
A. Thinking or Determinative function
B. Used at low level of management
C. Used at all levels of Management
D. Thinking and Doing function.
Answer optiona
Marks: 1
Chapter: 2
1463 _____ Management is responsible for the image of the company.
A. Low
B. Top
C. Middle
D. Low and Middle
Answer optionb
Marks: 1
Chapter: 2
1464 _____ is the most basic and primary function of Management
A. Organizing
B. Purchasing
C. Directing
D. Planning
Answer optiond
Marks: 1
Chapter: 2
1465 Out of various principles of management ____ principle of management concerns with the distribution of autorities among the various levels of management.
A. Initiative
B. Centralization
C. Division of work
D. Order
Answer optionb
Marks: 1
Chapter: 2
1466 _____ function of management consists of man power planning, recruitment, selection, training of employees etc.
A. Controlling
B. Organizing
C. Staffing
D. Planning
Answer optionc
Marks: 1
Chapter: 2
1467 In the event of liquidation of the company, a _______
A. priority will be given to debentureholder to receive his money before the shareholder gets something.
B. priority will be given to shareholder to receive his money before the debentureholder gets something.
C. equal priority will be given to shareholder and debentureholder.
D. shareholder and debentureholder earns profit.
Answer optiona
Marks: 1
Chapter: 3
1468 Co-operative society runs on ____ basis.
A. more profit or more loss
B. less profit or more loss
C. no profit or no loss
D. all of these
Answer optionc
Marks: 1
Chapter: 3
1469 In functional organization an employee reports to several higher authorities is called as ____ , which is disadvantage of functional organizational.
A. Specialization
B. Delay in decision making
C. Single command
D. Double command
Answer optiond
Marks: 1
Chapter: 3
1470 As we move from bottom level of management to higher level of management the span of control becomes ___
A. Wide
B. constant
C. Narrow
D. None of these
Answer optionc
Marks: 2
Chapter: 3
1471 If an employee gets injured in a factory while working ,then he is eligible to receive compensation under ___ act .
A. The factories act 1948
B. The Maximum Wages Act 1948
C. Health Provision act
D. The employees compensation act 2009
Answer optiond
Marks: 1
Chapter: 4
1472 The capital which is required for day – to – day needs is labeled as ____ capital.
A. working
B. fixed
C. working and fixed

D. Initial
Answer optiona
Marks: 1
Chapter: 5
1473 The overall or summary budget is called as
A. Master Budget
B. Sales Budget
C. Marketing Budget
D. Production Budget
Answer optiona
Marks: 1
Chapter: 5
1474 If salary of an employee is above 12 lacs per annum, then he will pay ____ tax to central Government.
A. Income
B. VAT
C. Octroi
D. All of the above
Answer optiona
Marks: 1
Chapter: 5
1475 Identify taxes collected by Central Government
A. Income and Excise
B. Custom duty
C. stamp duty and luxury
D. Octroi
Answer optiona
Marks: 2
Chapter: 5
1476 Identify taxes collected by state Government
A. Income and Excise
B. Custom duty
C. stamp duty and luxury
D. Excise only
Answer optionc
Marks: 2
Chapter: 5
1477 In EOQ : Economic Order Quantity; Q is ___
A. Holding cost
B. Annual Demand Quantity
C. Purchase price
D. Order quantity
Answer optiond
Marks: 1
Chapter: 6
1478 Preperation of comparative statement is part of ___ procedure.
A. Staffing
B. Production
C. Purchasing
D. Recruitment
Answer optionc
Marks: 1
Chapter: 6
1479 Motor byke ready with engine fitting and all other accessories but without tyres is example of ___ inventory
A. Indirect
B. Semi-finished
C. finished
D. Raw
Answer optionb
Marks: 1
Chapter: 6
In case of Inventory management match the following a. Raw Inventories b. In process Inventories c. Finished Inventories d. Indirect inventories. p. They includ
1480 and other items, like spare parts, needed for proper operation, repair and maintenance during manufacturing cycle. q. semi finished goods r. waiting for dispatc
materials
A. a - p; b - q; c - r; d - s;
B. a - s; b - r; c - q; d - p;
C. a - p; b - r; c - q; d - s;
D. a - s; b - q; c - r; d - p;
Answer optiond
Marks: 2
Chapter: 6
In case of ABC analysis of material management, and in case of Computer sub parts following are the various type of materials used like mother board and RA
1481
supply, screws for mother board fitting etc. then which is A type, B type and C type ?
A. A type : mother board, RAM; B type : power supply; C type : screws
B. A type : screws; B type : power supply; C type : mother board, RAM;
C. A type : mother board, RAM; B type : screws C type : power supply;
D. None of these
Answer optiona
Marks: 2
Chapter: 6
1482 Kaizen is basically ___ technique
A. Japanese
B. Chinese
C. American
D. Indian
Answer optiona
Marks: 1
Chapter: 7
1483 In 5 S technique ___ can also translated as "Set in order" or "Stream line"
A. Seiri
B. Seiton
C. Seiso
D. Shitsuke
Answer optionb
Marks: 1
Chapter: 7
1484 What plays an important role in the Indian Textile Industry ?
A. Satin
B. wood
C. cotton
D. machines
Answer optionc
Marks: 1
Chapter: 1
1485 Which of the following is not a basic function of the management process?
A. Controlling
B. Organising
C. Working
D. Leading
Answer optionc
Marks: 1
Chapter: 2
1486 In line organisation ,who is responsible for final result?
A. The worker
B. The Superior authority
C. The managers
D. The foreman
Answer optionc
Marks: 1
Chapter: 3
1487 Which of the following is not the advantages of a public limited company?
A. Quick Formation
B. Large Capital
C. Professional Management
D. Limited Liability
Answer optiona
Marks: 1
Chapter: 3
1488 In partnership, the partners have unlimited liability, is it true or false?
A. True
B. False
C. Partly True
D. Partly False
Answer optiona
Marks: 2
Chapter: 3
1489 What happens in fatal accident?
A. Hospitalisation
B. Fractures
C. Disablement
D. Death
Answer optiond
Marks: 1
Chapter: 4
1490 _________ is a factor influencing requirements of fixed capital ?
A. capitalisation
B. Nature of business
C. higher operating efficiency
D. none of above
Answer optionb
Marks: 1
Chapter: 5
1491 Which one of the following is not a major section in cash budget?
A. Receipts Section
B. Disbursements section
C. Financing Section
D. Capital section
Answer optiond
Marks: 1
Chapter: 5
1492 Which one of the follwing is not a tax charged by the central Government?
A. Income Tax
B. Customs duties
C. Weaith tax
D. Stamp duty
Answer optiond
Marks: 2
Chapter: 5
1493 Service tax is applicable to the whole of India except the state
A. Goa
B. Assam
C. Jammu and Kashmir
D. Punjab
Answer optionc
Marks: 2
Chapter: 5
1494 What are the various costs involved in material management?
A. Procurement costs
B. Inventory carrying costs
C. Total cost
D. a and b both
Answer optiond
Marks: 1
Chapter: 6
1495 One of the functions of MRP
A. Forecast of material requriment
B. Reducing waste
C. Economy in buying
D. all of the these
Answer optiond
Marks: 2
Chapter: 6
1496 Which one of the following can be an ERP module ?
A. Human resource
B. sales and marketing
C. Finance
D. all of the above
Answer optiond
Marks: 2
Chapter: 6
1497 An activity under quality assurance :
A. process control
C. benchmarking
D. none of above
Answer optiona
Marks: 1
Chapter: 7
1498 Which one of the following benefits the customer due to TQM ?
A. Greater satisfaction
B. less number of problems
C. Customer empowerment
D. Both 'A' and 'B'
Answer optiond
Marks: 1
Chapter: 7
1499 Old Indian textile industry was predominantly _______ based.
A. Polyster
B. Cotton
C. Synthetic Textile
D. Blended Fabrics
Answer optionb
Marks: 1
Chapter: 1
1500 Which one of the following categories of chemical industry has smallest volume?
A. Basic Chemicals
B. Life Sciences
C. Specialty Chemicals
D. Consumers Products
Answer optionb
Marks: 1
Chapter: 1
1501 Espirit de Corps means ______ .
A. Coordination
B. Principle of management
C. Name of the company
D. Management concept in France
Answer optionb
Marks: 1
Chapter: 2
1502 Aim of Departmentation is to _____ .
A. Distribute the work
B. Make people specialised
C. Give freedom for each function
D. All of above
Answer optiond
Marks: 1
Chapter: 3
1503 Which statement about cooperative society is wrong?
A. Works on democratic principal
B. Membership is voluntary
C. Ownership is in the hands of the Government
D. It is private ownership
Answer optionc
Marks: 2
Chapter: 3
1504 Week as per Factory Act is a period between two ___ .

A. Mondays
B. Saturdays
C. Sundays
D. Thursdays
Answer optionb
Marks: 1
Chapter: 4
1505 According to Factory Act , drinking water must be away from latrine by ____ meters.
A. 12
B. 3
C. 6
D. 9
Answer optionc
Marks: 1
Chapter: 4
1506 Working capital is also called as _____ .
A. Fixed capital
B. Floating capital
C. Blocked capital
D. Circulating capital
Answer optiond
Marks: 1
Chapter: 5
1507 1) VAT is not simple and transperent 2) VAT is progressive form of Sales tax.
A. Both 1 & 2 are correct
B. Both 1 & 2 are wrong
C. 1 correct & 2 wrong
D. 1 wrong & 2 correct
Answer optiond
Marks: 2
Chapter: 5
1508 Material planning is based on data from ____ .
A. Sales Department
B. Production Department
C. Purchase Department
D. All
Answer optiona
Marks: 1
Chapter: 6
1509 Holding cost is also known as _____ .
A. Receiving Cost
B. Carrying cost
C. Production cost
D. Design cost
Answer optionb
Marks: 1
Chapter: 6
1510 In ABC analysis which one is incorrect about 'A' items
A. Most important
B. Tightly controlled inventory items
C. Weekly control statement

D. Insignificant items
Answer optiond
Marks: 2
Chapter: 6
1511 Which one of the following is one of the aspect of TQM?
A. Quality aspect
C. Customer satisfaction
D. Product aspect
Answer optiond
Marks: 1
Chapter: 7
1512 Classification of industry based on
A. Area of work
B. Kind of ownership
C. Both(i) and (ii)
Answer optionc
Marks: 1
Chapter: 1
1513 SEZ policy announced in
A. 2000
B. 1999
C. 2001
D. 2002
Answer optiona
Marks: 1
Chapter: 1
1514 Getting the things done through others is called
A. Direction
B. Adjustment
C. Organisation
D. Management
Answer optiond
Marks: 1
Chapter: 2
1515 About budget, which statement is wrong
A. It is not time bound
B. Quantity of money is the basis
C. It defines policies
D. It is prepared before the period
Answer optiona
Marks: 2
Chapter: 5
1516 Following is not concerned with material management
A. MRP
B. SAP
C. ERP
D. 5'S'
Answer optiond
Marks: 1
Chapter: 6
1517 QA is
A. Quality Administration
B. Quality Affiliation
D. Quality Action
Answer optionc
Marks: 1
Chapter: 7
1518 In ABC Analysis, Items that are extremely inexpensive or have low demand are termed as
A. "A" Items
B. "B" Items
C. "C" Items
D. "D" Items
Answer optionc
Marks: 1
Chapter: 6
1519 Tax to be paid by manufaturer of goods/commodities/products to government is
A. Custom Duty
B. Excise Duty
C. Income Tax
D. VAT
Answer optionb
Marks: 2
Chapter: 5
1520 Which of the following is/are objectives of materials management
A. To reduce material cost
B. To purchase materials at lowest cost
C. To minimize investment related to inventories
D. All of the Above
Answer optiond
Marks: 1
Chapter: 6
1521 A financial statement showing assets and liabilities of company at any given time is known as
A. Profit & Loss Statement
B. Balance Sheet
C. Budget
D. Capital
Answer optionb
Marks: 2
Chapter: 5
1522 The Stock of goods in hand at the beginning of the year is known as
A. Sales
B. Closing Stock
C. Opening Stock
D. none of these
Answer optionc
Marks: 1
Chapter: 5
1523 Which of the following is not an example of fixed capital?
A. Payment of employee wages

B. Land
C. Building
D. Machinary
Answer optiona
Marks: 1
Chapter: 5
1524 Which of the following is external source of capital?
A. Retained Earnings
B. Depreciation Provisions
C. Share Capital
D. Deferred taxation
Answer optionc
Marks: 1
Chapter: 5
1525 Which Act safeguards interest of workers engaged in factory
B. Workmen's Compensation Act
C. Minimun Wages Act
D. Industrial Dispute Act
Answer optiona
Marks: 1
Chapter: 4
1526 Accidents happen in industry because of -
A. Workers
B. Management
C. Design of working place
D. All of the Above
Answer optiond
Marks: 1
Chapter: 4
1527 BSNL is a
A. Public Limited company
B. Joint Stock Company
C. Private Limited company
D. none of these
Answer optiona
Marks: 1
Chapter: 3
1528 When Prerna is comparing actual sales figures with goals established earlier to see if her department met the target, she is performing which of the following fu
A. Planning
B. Controlling
C. Organizing
D. Directing
Answer optionb
Marks: 2
Chapter: 2
1529 A force that causes & inspires an individual to behave in a specific way and to increase his performance is called as
A. Motivation
B. Teamwork
C. Quality
D. Satisfaction
Answer optiona
Marks: 1
Chapter: 2
1530 Which of the follwing function of management involes measuring & comparing current performance against the established standards
A. Planning
B. Controlling
C. Organizing
D. Directing
Answer optionb
Marks: 1
Chapter: 2
1531 Planning may fail because of
A. Incomplete knowledge of work
B. Absence of data analysis
C. Unrealistic nature of plan
D. All of the Above
Answer optiond
Marks: 1
Chapter: 2
1532 Administration is ---- activity in organization
A. Top Level
B. middle lever
C. Lower Level
D. Upper middle Level
Answer optiona
Marks: 1
Chapter: 2
1533 Which of the following is NOT the advantage of Globalization?
A. Increased free trade between nations
B. Information & Money is flowing more rapidly
C. Over use & heavy dependence on communication Media & IT Services
D. Transportation of people & goods became & easy
Answer optionc
Marks: 1
Chapter: 1
1534 Travel & tourism business comes under
A. Service Industry
B. Manufacturing Industry
C. Trade Sector
D. none of these
Answer optiona
Marks: 1
Chapter: 1
1535 IT Enabled services ( ITES) includes
A. Call centers
B. BPO
C. LPO
D. All of the Above
Answer optiond
Marks: 1
Chapter: 1
1536 Which of the following includes monitoring & controlling of banking & financial systems throughout India
A. SEBI
B. RBI
C. IDBI
D. NABARD
Answer optionb
Marks: 1
Chapter: 1
1537 In quality circle Participation of employees in the group is ____
A. Voluntary without any compulsion or Pressure
B. Non Voluntary
C. Randomly
D. None of these
Answer optiona
Marks: 1
Chapter: 7
1538 First Preference in TQM is given to___
A. The customers
B. Continuous Improvement
C. Zero Defects
D. Training & Development
Answer optiona
Marks: 1
Chapter: 7
1539 Inspection assures that__
A. The process is in control
B. Workers are motivated
C. Product meets Specification
D. Quality Problems are Solved
Answer optionc
Marks: 2
Chapter: 7
1540 Commerce is also called as ____________.
A. Service
B. Manufacturing
C. Trade
D. All of above
Answer optionc
Marks: 1
Chapter: 1
1541 Out of the following which is not the function of management
A. Decision making
B. Coordinating
C. Reporting
D. None of above
Answer optiond
Marks: 1
Chapter: 2
1542 From the options given below, who belongs to the lower level of management?
A. Clerks
B. Supervisors
C. Data entry operators
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1543 Determine objectives and goals is __________ step in the process of organizing.
A. first
B. second
C. third
D. last
Answer optiona
Marks: 1
Chapter: 2
1544 Which is the disadvantage of co-operative society?
A. Beneficial to common man
B. Members are involve in decision making
C. Straightens rural economic
D. None of these
Answer optiond
Marks: 1
Chapter: 3
1545 Security of job is maximum in ___________________.
A. Partnership
B. Public sector
C. Joint Stock companies
D. Co-operative societies
Answer optionb
Marks: 1
Chapter: 3
1546 For the given figure label the number with the appropriate components of communication process
A. 1- Sender, 2- Channel, 3- Receiver, 4- Noise, 5- Feedback
B. 1- Sender, 2- Channel, 3- Receiver, 4- Feedback, 5- Noise
C. 1- Sender, 2- Receiver, 3- Channel, 4- Noise, 5- Feedback
D. 1- Sender, 2- Noise, 3- Feedback, 4- Receiver, 5- Channel
Answer optiona
Marks: 2
Chapter: 3
1547 According to Factory Act,an ambulance room should be provided by every factory if the number of workers is more than ___________________.
A. 500
B. 300
C. 400
D. 450
Answer optiona
Marks: 1
Chapter: 4
1548 ___________ takes in account only those cost, e.g. direct labour and material, which vary with output and over which the department has control
A. Fixed budget
B. Variable budget
C. Functional budget
D. All of the above
Answer optionb
Marks: 1
Chapter: 5
1549 ________________ capital is that amount of capital which must be in cash or current asset for continuing the activities of business.
A. Gross working
B. Net working
C. Permanent working
D. Temporary working
Answer optionc
Marks: 1
Chapter: 5
1550 Which of the following is not correct assumption in calculating EOQ?
A. The ordering cost is constant
B. The ate of demand/consumption does not change
C. The lead time is not fixed
D. The purchase price of the items does not change with quantity i.e. no discount is available
Answer optionc
Marks: 1
Chapter: 6
1551 Each event of ordering has a certain cost associated with it called _________________________________.
A. procurement cost
B. carrying cost
C. holding cost
D. purchasing cost
Answer optiona
Marks: 1
Chapter: 6
1552 ABC analysis divides an organization on hand inventory into three classes based upon:
A. annual consumption value
B. annual consumption
C. unit price
D. the number of units on hand
Answer optiona
Marks: 2
Chapter: 6
1553 Pick the false statement about ERP vendors.
A. They have been slow to develop offerings related to e-commerce.
B. They have a huge installed base of customers.
C. They are now shifting gears to develop applications for good electronic commerce websites.
D. They have a virtual stranglehold on "back-office" functions such as order fulfillment.
Answer optionc
Marks: 2
Chapter: 6
1554 An effective QMS focuses on _____
A. systematically developing and communicating a customer – focus mission, strategies and action plans
B. listening and responding to the customers’ needs and expectation
C. empowering employees to continuously improve and increase their satisfaction with their process and environment
D. gathering and analyzing key performance indicators to improve organizational and process result
Answer optiona
Marks: 1
Chapter: 7
1555 5S was developed in Japan and stands for the Japanese words seiri, seiton, seiso, seiketsu, and shitsuke. The English equivalent of 5S is -
A. structurize, systemize, sanitize, standardize, self-discipline
B. systemize, sanitize, standardize, self-discipline, structurize
C. sanitize, standardize, self-discipline, structurize, systemize
D. self-discipline, structurize, systemize, sanitize, standardize
Answer optiona
Marks: 2
Chapter: 7
Statement 1: The organization must establish, document, implement and maintain documented procedures for its internal audit, corrective and preventive actio
1556
among others Statement 2: This is a requirement of ISO 9001:2000
A. The first statement is true, but the second statement is false
B. The first statement is false, but the second statement is true
C. Both statements are true, and the second statement explains the first statement.
D. Both statements are true, but the second statement does not provide an adequate explanation for the first statement.
Answer optionc
Marks: 2
Chapter: 7
1557 Manufacturing is ____________________________.
A. completing demand
B. production of merchandize
C. gaining profit
D. None of above
Answer optionb
Marks: 1
Chapter: 1
1558 ______________ is described as willing exchange of goods.
A. Service
B. Manufacturing
C. Trade
D. All of above
Answer optionc
Marks: 1
Chapter: 1
1559 The Indian Textile industry was predominantly __________________ based during post independence.
A. Wool
B. Cotton
C. polymers and plastics
D. Fabrics
Answer optionb
Marks: 1
Chapter: 1
1560 The functions of middle level management are
A. Giving recommedations to top management
B. Interpretation of policies framed by top management
C. Framing rules and regulations to be followed bt lower level management
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1561 Among the given options who are designated as members of middle level of management?
A. Senior Managers
B. Junior Managers
C. Supervisors
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1562 Comparing actual performance with the standard is ________ steps in process of directing.
A. first
B. second
C. third
D. last
Answer optionc
Marks: 1
Chapter: 2
Identify the management function which carries out this process consisting of these basic steps: (1) identifying the problem; (2) identifying resources and constra
1563
generating alternative solutions, (4) evaluating alternatives, (5) selecting an alternative, (6) implementing the alternative, and (7) monitoring the alternative
A. Directing
B. Controlling
C. Decision making
D. Coordinating
Answer optionc
Marks: 2
Chapter: 2
1564 Bank of Maharashtra, Bata India Ltd, Bharat fertilizers Ltd etc, are which types of companies?
B. Public companies
C. Public corporations
D. All of the above
Answer optionb
Marks: 1
Chapter: 3
1565 Crèches should be provided when there are more than ____ female workers having children of age below_____ years.
A. 100, 6
B. 25, 6
C. 25, 9
D. 30, 6
Answer optiond
Marks: 1
Chapter: 4
1566 Which of the following is function of financial management?
A. Keep a check and control over the expenditure
B. Periodically evaluate the progress of each department
C. Determine the financial of the organization after analyzing efficiency
D. Fix product price giving due consideration to profit optimization
Answer optiona
Marks: 2
Chapter: 5
1567 What is the total amount of liabilities from this balance sheet?
A. 22290
B. 120140
C. 225770
D. Nil
Answer optiona
Marks: 2
Chapter: 5
1568 Instead of each department having its own database of information, ___ puts all of the information into a single place
A. MRP
B. MPS
C. BOM
D. ERP
Answer optiond
Marks: 1
Chapter: 6
1569 ______________ is the process of planning, procuring, storing and providing the appropriate material of the right quality, right quality at the right place in the r
A. Financial management
B. Materials management
C. Operation management
D. Marketing management
Answer optionb
Marks: 1
Chapter: 6
1570 ________________ is just a transaction and is basic activity of purchase department.
A. Purchasing
B. Placement
C. Procurement
D. Purchase order
Answer optiona
Marks: 1
Chapter: 6
1571 From the EOQ, label the cost at point 1 and 2.
A. (1) Ordering cost (2) Storage cost
B. (1) Storage cost (2) Ordering cost
C. (1) Inventory cost (2) Ordering cost
D. (1) Ordering cost (2) Inventory cost
Answer optiona
Marks: 2
Chapter: 6
1572 SME's stands for _______________________________.
A. Small and Medium sized enterprises
B. Small and Medium sized entity
C. Small and Medium sized enrollment
D. Small and Medium sized effects
Answer optiona
Marks: 1
Chapter: 1
1573 _________________ is popularly known as the Silicon Valley of India and IT capital of India.
A. Mumbai
B. Hyderabad
C. Bengaluru
D. Kolkota
Answer optionc
Marks: 1
Chapter: 1
1574 ___________________ Business aims to identify factors hampering industrial growth and seeks to redress the above factors.
A. Service
B. Manufacturing
C. Trade
D. All of above
Answer optionb
Marks: 1
Chapter: 1
1575 Which is not the principle of management, according to Henry Fayol?
A. Centralisation
B. Authority
C. Decentralisation
D. Esprit de corps
Answer optionc
Marks: 1
Chapter: 2
1576 In the words of ________________ “planning is deciding in advance what to do, how to do it, when to do it and who is to do it.”
A. Oliver Sheldon
B. Mary Follet
C. Henry Fayol
D. Harold Koontz
Answer optiond
Marks: 1
Chapter: 2
1577 Measuring actual performance is the __________________ steps involved in the process of controlling.
A. first
B. second
C. third
D. last
Answer optionc
Marks: 1
Chapter: 2
1578 Vertical dimension of organization structure defines _____________________.
A. Departmentation
B. Hierarchy
C. Both hierarchy and departmention
D. Divisions
Answer optionb
Marks: 1
Chapter: 3
1579 Which of the following can be considered as a project organisation?
A. Car production
B. Manufacturing of parts
C. Installation of a dairy
Answer optionc
Marks: 1
Chapter: 3
1580 Which of the following business type, has to pay double taxes to the government?
A. Sole proprietorship
B. Partnership
C. Cooperative Societies
D. Joint stock company
Answer optiond
Marks: 2
Chapter: 3
1581 According to Workmen's compensation act, a widow, a minor son and a widow mother qualify as _______ of a worker.
A. Dependents
B. Workmen
C. Minors
D. None of above
Answer optiona
Marks: 1
Chapter: 4
1582 An indirect Tax levied on those goods which are manufactured in India and are meant for home consumption is called ____
A. Income tax
B. Customs duty
C. Excise duty
D. Gift tax
Answer optionc
Marks: 1
Chapter: 5
1583 Which of the following is function of financial management?
A. Forecast the future financial requirement of the organization considering investment, expansion etc.
B. Determine the sources from which finance can be obtained
C. Motivate the existing sources of finance to provide further finance in the future when required
D. All of above
Answer optiond
Marks: 2
Chapter: 5
1584 From which accounting sheet, the net profit in balance sheet is carried down?
A. Trial balance account statement
B. Profit and Loss account statement
C. Balance Sheet statement
D. Petty Cash book statement
Answer optiona
Marks: 2
Chapter: 5
1585 Which of the following methods of stock control aims at concentrating efforts on selected items of material__________________?
A. Perpetual inventory system
B. Material turnover ratio
C. Level setting
D. ABC analysis
Answer optiond
Marks: 2
Chapter: 6
1586 Fill in the blank space provided in the figure with an appropriate tool given as options.
A. Quality control
B. Quality circle
C. TQM
D. Quality Assurance
Answer optiona
Marks: 2
Chapter: 7
1587 ____________ also known as Cyber City is the major IT and BPO hub in India which has major IT MNC’s together and hence called as Hitech City.
A. Mumbai
B. Hyderabad
C. Bengaluru
D. Kolkota
Answer optionb
Marks: 1
Chapter: 1
1588 ___________________ industry primarily refers to manufacturing that is associated with formulas, procedure, development, method and practice.
A. Engineering
B. Process
C. Textile
D. Hospitality
Answer optionb
Marks: 1
Chapter: 1
1589 Review of plan is the __________step in the process of planning.
A. first
B. second
C. third
D. last
Answer optiond
Marks: 1
Chapter: 2
1590 From the figure of levels of management which are the principles that flows upward and downward?
A. 1- Authority and responsibility, 2- Command
B. 1- Command, 2- Authority and responsibility
C. 1- Authority, 2- Responsibility
D. 1- Responsibility, 2- Auhtority
Answer optiona
Marks: 2
Chapter: 3
1591 Which of the following is true concerning technical and human skills of a manager?
A. Human skills and technical skills remain equally important as manager’s move to higher levels
B. Technical-skill needs remain necessary and human skills decrease as manager’s move to higher levels
C. Human skills remain necessary and technical-skill needs decrease as manager’s move to higher levels
D. Both human-skill and technical-skill needs decrease as managers move to higher
Answer optionc
Marks: 2
Chapter: 3
1592 One canteen should be provided atleast per ____ workers in a factory.
A. 200
B. 250
C. 100
D. 150
Answer optionb
Marks: 1
Chapter: 4
1593 To provide insurance coverage to the employees who are injured on the job with payment for lost wages, medical care, and if necessary, vocational rehabilitation
purpose of the –
A. Factories Act
B. Industrial Disputes Act
C. Workman Compensation Act
D. Minimum Wages Act
Answer optionc
Marks: 2
Chapter: 4
1594 _____________ budget shows the estimate of direct labour needed to carry out the budget output.
A. Material
B. Purchase
C. Direct labour
D. Overhead
Answer optionc
Marks: 1
Chapter: 5
1595 ____ includes the free reserves of the company which are built out of the genuine profits of the company.
A. Share capital
B. Reserves and surplus
C. Other long-term liabilities
D. Long-term provisions
Answer optionb
Marks: 1
Chapter: 5
1596 Land, buildings, plant and equipment, furniture and fixtures, vehicles and office equipment are called ____
A. Tangible assets
B. Intangible assets
C. Capital work in progress
D. None
Answer optiona
Marks: 2
Chapter: 5
1597 What do you mean by finished part?
A. Part which is ready to dispatch to customer.
B. Material in stores .
C. Semi - finished components.
D. Sub - assemblies purchased from suppliers.
Answer optiona
Marks: 1
Chapter: 6
1598 __________________ include raw material and semi-finished products supplied by another firm and which are raw items for the present industry.
A. Raw inventories
Answer optiona
Marks: 1
Chapter: 6
The table below shows the list of items as per their annual consumption and annual consumption value. Can you identify which type of anlaysis is this to have pr
1599
control?
A. Control analysis
Cost analysis
B.
C. Pareto analysis
Answer optionc
Marks: 2
Chapter: 6
1600 How many steps are there in implementation of 5S?
A. 4
B. 5
C. 6
D. 7
Answer optionb
Marks: 1
Chapter: 7
1601 The basic goal of ________ is to ensure that the product or/and services meet specific requirement.
A. Quality team
B. Quality assurance
C. Quality circle
D. Quality control
Answer optiond
Marks: 1
Chapter: 7
1602 According to ISO 9004:2000, what kind of improvements is normally carried out by cross-functional teams outside routine operations?
A. Small-step ongoing improvements
B. Continual improvement of the efficiency of the quality management system
C. Breakthrough projects that may lead to the implementation of new processes
D. All of the above
Answer optionc
Marks: 2
Chapter: 7
1603 ___________________ industry primarily deals with the design, manufacture and operation of structures, machines or devices.
A. Engineering
B. Process
C. Textile
D. Hospitality
Answer optiona
Marks: 1
Chapter: 1
1604 To conduct day to day activities, monitor daily progress and reporting to middle level management is the function of __________ level of management.
A. top
B. middle
C. lower
D. None of above
Answer optionc
Marks: 1
Chapter: 2
1605 Which is the principle of organization?
A. Delegation
B. Span of control
C. Authority and responsibility
D. All of the above

Answer optiond
Marks: 1
Chapter: 3
1606 In a tall organisation structure, the span of control is _________.
A. economical
B. big
C. wide
D. narrow
Answer optiond
Marks: 1
Chapter: 3
1607 As per Factory Act, 1947, a child is a person whose age is less than __________.
A. 15 years
B. 10 years
C. 18 years
D. 21 years
Answer optiona
Marks: 1
Chapter: 4
1608 Good layout and reduction in noise level are examples of ________
A. safe workplace and working conditions
B. Atmospheric conditions
C. Dangerous fumes
D. Working with unsafe speed
Answer optiona
Marks: 1
Chapter: 4
1609 Working capital can be financed through ______________.
A. Share
B. Medium term debentures
C. Loan from banks
D. All
Answer optiond
Marks: 1
Chapter: 5
1610 ________ refers to sparing of the replacement cost of tangible assets like building, machinery, etc.
A. Depreciation
B. Amortisation
C. Liability
D. Inventories
Answer optiona
Marks: 1
Chapter: 5
1611 Sales returns represents value of goods returned by the ___________________.
A. market
B. customers
C. salesmen
D. financers
Answer optionb
Marks: 1
Chapter: 5
1612 The earnings like interest, dividend or capital gains etc, which are gathered tax free until the investor withdraws and takes position of it. These earning are refer
___________________.
D. All of the above
Answer optionc
Marks: 1
Chapter: 5
_____________ can be defined as the tax which increases the price of a good in such way that consumers are actually paying the tax by paying more for the prod
1613
buying.
A. Direct tax
B. Indirect tax
C. Service tax
D. Income tax
Answer optionb
Marks: 2
Chapter: 5
1614 The procurement costs _________________________________.
A. increase as quantity ordered increases
B. decreases as quantity ordered decreases
C. decreases as quantity ordered increases
D. increase as quantity ordered decreases
Answer optionc
Marks: 1
Chapter: 6
The figure shows a graphical method for determining the order quantity which attempts to minimize total inventory cost. Which is this tool used to answers the
1615
questions. (1) How much should I order? (2) How often should I place each order?
A. EOQ
B. ABC analysis
C. Control chart
D. ERP
Answer optiona
Marks: 2
Chapter: 6
1616 Formulate company quality policy is function of ______________.
A. ERP
B. Quality assurance
C. MRP
D. Quality control
Answer optiond
Marks: 1
Chapter: 7
1617 Which one of the following does not belongs to Process Industry?
A. Chemical
B. Textiles
C. Agricultural
D. Information Technology
Answer optiond
Marks: 1
Chapter: 1
1618 Which one of the following is the advantage of effective decision making.
A. Quick actions
B. No delays
C. No confusion
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1619 When an employee receive orders and report to only one superior rather than multiple bosses, the principle is called as _________________.
A. Unity of Direction
B. Unity of Command
C. Discipline
D. Division of Work
Answer optionb
Marks: 1
Chapter: 2
Proper __________, facilitates employees appraisal, as managers can easily measure the performance of supervisors/subordinates as per the standard and provi
1620
necessary feedback for appraisal.
A. coordination
B. direction
C. cooperation
D. control
Answer optiond
Marks: 1
Chapter: 2
1621 In line organisation, the authority flows from _______________ to ________________.
A. subordinate, subordinate
B. superior, superior
C. subordinate, superior
D. superior, subordinate
Answer optiond
Marks: 1
Chapter: 3
1622 Which statement is false about 'nominal partners’?
A. Business can use their names
B. Do not invest
C. Do not actively involved
D. All are correct
Answer optiond
Marks: 1
Chapter: 3
1623 The organisation always prefers to have ___________ span of control.
A. small
B. economical
C. wide
D. narrow
Answer optionc
Marks: 1
Chapter: 3
1624 Long term sources of finance are required for ______________.
A. 0-1 years
B. 1-5 years
Above 5 years
C.
D. None
Answer optionc
Marks: 1
Chapter: 5
1625 The suppliers of goods and services to the company provide various goods and services with an expectation of payment in future is called_____
A. trade credit
B. clean advance
C. over draft
D. export
Answer optiona
Marks: 1
Chapter: 5
1626 Which one of the following is a type of preference shares?
A. ordinary or shares
B. deferred shares
C. equity shares
D. noncumulative shares
Answer optiond
Marks: 2
Chapter: 5
1627 The table shows the tax rates for which types of taxes?
A. Sales Tax
B. Wealth Tax
C. Gift Tax
D. Income Tax
Answer optiond
Marks: 2
Chapter: 5
1628 Procurement cost is obtained by plotting _____________ against ordered quantity.
A. cost
B. investment
C. profit
D. sales
Answer optiona
Marks: 1
Chapter: 6
1629 ____________ is the collective stock of items which is required for routine functioning of industry.
A. Purchase
B. Inventory
C. Tool room
D. None
Answer optionb
Marks: 2
Chapter: 6
1630 "Fit for purpose" and “ Right first time and everytime” are the principles of _________________________ ?
A. EOQ
B. Budget
C. Quality assurance
D. MRP
Answer optionc
Marks: 1
Chapter: 7
1631 In __________________ all are encourage to come up with small suggestion on a regular basis.
A. ERP
B. ABC analysis
C. Globalization
D. Kaizen
Answer optiond
Marks: 1
Chapter: 7
A producer of consumer goods wants to analyze its product range from product 1 to product 13. The management has decided to use the annual consumption va
1632 figure to assess the product range. An ABC analysis is done and the raw data is order in decreasing order of annual consumption value. How have they classified
group in A, B and C category items?
A. G1 – B items, G2 – C items, G3 – A items
B. G1 – C items, G2 – A items, G3 – B items
C. G1 – C items, G2 – C items, G3 – A items
D. G1 – A items, G2 – B items, G3 – C items
Answer optiond
Marks: 2
Chapter: 7
1633 ITDC stands for
A. Indian Travel Development Corporation
B. Indian Tourism Development Corporation
C. Indian Tour Development Corporation
D. All the above
Answer optionb
Marks: 1
Chapter: 1
1634 Which process is the part of textile industry?
A. Spinning
B. Weaving
C. Dyeing
D. All of above
Answer optiond
Marks: 1
Chapter: 1
______________________ may be refer to particular area of economic activity such as the real estate business, computer business, poultry, farming, telecommun
1635
shipping, tours and travels, etc.
A. Construction
B. Business
C. Balance Sheet
D. All of above
Answer optionb
Marks: 1
Chapter: 1
1636 Evaluation of alternative is done in which step of decision making process?
A. first
B. second
C. third
D. last
Answer optionc
Marks: 1
Chapter: 2
1637 Which is not the type of departmentation?
A. By function
B. By product
C. By process
D. By material pattern
Answer optiond
Marks: 1
Chapter: 3
1638 ____________ is a book or computer file in which all monetary transaction are originally entered.
A. Budget
B. Account
C. Journal
D. Ledger
Answer optionc
Marks: 1
Chapter: 5
1639 _______________ represents what the company has to pay others.
A. Liabilities
B. Assets
C. Reserves
Answer optiona
Marks: 1
Chapter: 5
1640 Which of the following is not function of financial management?
A. Periodically evaluate the material consumption of each department
B. Decide whether to finance a new plant or not
C. Decide basis for the expenditure of funds
D. Determine the financial position of the organization after analyzing efficiency
Answer optiona
Marks: 1
Chapter: 5
These are the taxes which are imposed or levied and assessed on individual or organizational income directly and have to pay the same to the government in for
1641
wealth tax and etc. Which is this type of tax?
A. Direct tax
B. Indirect tax
C. National tax
D. Foreign tax
Answer optiona
Marks: 2
Chapter: 5
1642 Low complex and low cost items that are typically commercially available and require little manager control are called ______________.
A. Items A
B. Items B
C. Items C
D. None
Answer optionc
Marks: 1
Chapter: 6
1643 A detailed list of all kinds of goods handled by business is called _________________.
production
A.
B. design
C. inventory
D. operation research
Answer optionc
Marks: 1
Chapter: 6
1644 In this Stock control chart, label the buffer stock –
A. (a)
B. Between (b) and (c)
C. Between (a) and (b)
D. (c)
Answer optiona
Marks: 2
Chapter: 6
American Society for Qualiy (ASQ) defines, “ ________ as the planed and systematic activities implemented in a quality system so that quality requirments for a
1645
service will be fulfilled .”
A. Quality Assurance
B. 5S
C. Quality
D. Kaizen
Answer optiona
Marks: 1
Chapter: 7
1646 ITO stands for ___________________________.
A. International Trade Organization
B. Indian Trade Organization
C. International Tariff Organization
D. Indian Tariff Organization
Answer optiona
Marks: 1
Chapter: 1
1647 Which one out of the given options is not a broad category of chemical industry?
A. Basic chemicals
B. Durable products
C. Life sciences
D. Consumers products
Answer optionb
Marks: 1
Chapter: 1
1648 Top level management includes
A. Managing Directors (MD)
B. Chief Executive Officers (CEO)
C. President
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1649 Decision making is not linked with _____________________ function of management.
A. planning
B. organizing
staffing
C.
D. reporting
Answer optiond
Marks: 1
Chapter: 2
1650 Business secrecy is less in _______________.
A. Proprietorship
B. Partnership
C. Joint Stock companies
D. Public sector companies
Answer optiond
Marks: 1
Chapter: 3
1651 Infosys is which type of company?
A. Public Limited
B. Private Ltd. company
C. partnership
D. None of them
Answer optiona
Marks: 1
Chapter: 3
A newly marketing executive is appointed and has been assigned certain function: 1) to visit the 10-15 doctors daily at specified area 2) promote the product to t
1652 keep a track of availabiltiy of medicine at the medical stores 4) report to the manager once in a week. Now his activities of work will come under which type of
departmentation?
A. Product
B. Process
C. Area
D. Function
Answer optionc
Marks: 2
Chapter: 3
1653 ____ is a person who has completed the 18 years
A. Adult
B. Adolescent
C. Child
D. Young person
Answer optiona
Marks: 1
Chapter: 4
1654 _____________ budget is a forecast of the number of products that must be manufactured.
A. Sales
B. Production
C. Purchase
D. Cash
Answer optionb
Marks: 1
Chapter: 5
1655 Which is not the direct tax?
A. Income tax
B. Corporation tax
C. Gift tax
D. Excise tax
Answer optiond
Marks: 1
Chapter: 5
These are the taxes which an individual or organization does not pay directly, but are can be easily shifted to others may be in form of service tax, excise tax, val
1656
custom duty. Which is this type of tax?
A. Direct tax
B. Indirect tax
C. National tax
D. Foreign tax
Answer optionb
Marks: 2
Chapter: 5
1657 Complex and expensive parts are items that require strict management and control are called ____________.
A. Items A
B. Items B
C. Items C
D. None
Answer optiona
Marks: 1
Chapter: 6
1658 Which is the first step in process of purchasing?
A. Maintenance of records and files
B. Issuing the purchase order
C. Making request for quotations
D. Analysis of purchase requisition
Answer optiond
Marks: 1
Chapter: 6
1659 Which of the following is not objective of purchasing?
A. To procure material at reasonable price
B. To develop reliable sources of supply
C. To develop alternating sources of supply
D. To facilitate waste
Answer optiond
Marks: 2
Chapter: 6
1660 From the graph, the point Q at which slope = 0, is called __________.
A. Quantity
B. Order Quantity
C. Economic Order Quantity
D. Quality
Answer optionc
Marks: 2
Chapter: 6
You need a documented procedure to control quality documents in your company. Everyone must have access to up-to-date documents and be aware of how to u
1661
clause of_______________.
A. Factory act
B. Minimum wages act
C. ISO:9001
D. Workmen’s compensation act
Answer optionc
Marks: 1
Chapter: 7
1662 Agro-industry mainly comprises of the ________________ activities of processing and preserving agricultural products for intermediate or final consumption.
A. pre-harvest
B. post-harvest
C. crop-yielding
D. All of above
Answer optionb
Marks: 1
Chapter: 1
1663 ____________________________ is the process of transformation of a regional phenomenon into global ones.
A. Organization
B. Liberalization
C. Privatization
D. Globalization
Answer optiond
Marks: 1
Chapter: 1
1664 _______________________ major contribution to the management theory in his 14 principles of management that are based on his thoughts and experiences.
A. Henry Fayol
B. Henry Gantt
C. F. W. Taylor
D. Lillian Gilbreth
Answer optiona
Marks: 1
Chapter: 2
1665 ________________ gives power in hands of centre.
A. Discipline
B. Centralisation
C. Authorty
D. Responsibility
Answer optionb
Marks: 1
Chapter: 2
1666 Lower level is also known as __________
A. Strategical level
B. Tactical level
C. Operational level
D. All of above
Answer optionc
Marks: 1
Chapter: 2
1667 Effective ____________________ helps employees to eliminate wastages and achieve better results.
A. coordination
B. decision making
C. planning
D. directing
Answer optiona
Marks: 1
Chapter: 2
Suresh has been hired by a consultant to provide training to the workers of a firm where he needs to monitor, compare and correct the tasks or activities perform
1668
workers. So what is the actual line of function of management he is concentrating on?
A. Controlling
B. Coordinating
C. Reporting
D. Organizing
Answer optiona
Marks: 2
Chapter: 2
1669 Which one is not the disadvantage of staff organization?
A. Difficult to handle experts
B. Lack of specialization
C. Ego of specialty
D. Discipline in lacking
Answer optionb
Marks: 1
Chapter: 3
1670 Which is not the advantage of delegation?
A. Control of Centre increases
B. Stress level on manager reduced
C. Work can be finished in time
D. Work load is reduced
Answer optiona
Marks: 1
Chapter: 3
1671 The figure depicted below shows departmentation by –
A. Process
B. Product
C. Function
D. Area
Answer optionb
Marks: 2
Chapter: 3
1672 A tax levied on services rendered by a person is called ___________.
A. Income tax
B. Service tax
C. Wealth tax
D. Gift tax
Answer optionb
Marks: 1
Chapter: 5
1673 Which is the following is a false statement?
A. Shareholder are the owners of the company
B. Debenture holder are creditor of the company
C. Shareholder get dividend
D. Debenture holder are owners of the company
Answer optiond
Marks: 1
Chapter: 5
1674 A planned capital investment in the business without disrupting the normal working of the company is ____________
A. materials budget
B. administrative expenses budget
C. capital budget
D. cash budget
Answer optionc
Marks: 2
Chapter: 5
1675 _________________________ include purchase of raw material, semi-finished components, standard components or/and subassemblies from suppliers.
A. Raw material inventory
B. In-process inventory
C. Finished product inventory
D. Indirect inventory
Answer optiona
Marks: 1
Chapter: 6
1676 From the graph of graph of inventory level versus time, the value Q/2 is called __________________.
A. Final inventory
B. Average inventory
C. Total inventory
D. Zero value inventories
Answer optionb
Marks: 2
Chapter: 6
_________ is a management technique used to communicate with employees, in order to produce the desired quality of products and services to be render to infl
1677
actions to complete tasks as per quality standards.
A. Quality Control
B. 5S
C. Kaizen
D. Quality Management System
Answer optiond
Marks: 1
Chapter: 7
1678 Quality Assurance is a ____ approach
A. Proactive
B. Reactive
C. Passive
D. None
Answer optiona
Marks: 1
Chapter: 7
1679 What is the proper sequence for the implementation of TQM?
A. Plan - Act - Check - Do
B. Plan - Do - Act - Check
C. Plan - Do - Check - Act
D. Act - Do - Check - Plan
Answer optionc
Marks: 1
Chapter: 7
The chart shown is used to investigate whether the manufacturing process is in stable condition or not and is used to maintain the process within the tolerance. T
1680
helps in taking the right decision for selection of the machine with higher processing capabilities. Which type of chart is this?
A. Ishikawa diagram
B. Control chart
C. Pareto analysis
D. Check list
Answer optionb
Marks: 2
Chapter: 7
1681 Which company is associated with Insurance?
A. LIC
B. ICICI
C. Star Health
D. All of above
Answer optiond
Marks: 1
Chapter: 1
1682 _______________ industries are owned and run by rural households with very little capital investment and a high level of manual labour
A. Village
B. Small scale
C. Large Scale
D. Medium Scale
Answer optiona
Marks: 1
Chapter: 1
1683 ___________________ Business has elevated the Indian population above poverty line by shifting the majority of the workforce out of low-wage agriculture.
A. Manufacturing
B. Trade
C. Service
D. None of above
Answer optiona
Marks: 1
Chapter: 1
1684 Which is next step after planning?
A. Controlling
B. Directing
C. Organizing
D. Coordinating
Answer optionc
Marks: 1
Chapter: 2
1685 Managers must develop a team spirit among the subordinates by __________ the activities of everyone to achieve the team objectives.
A. organizing
B. cooperating
C. coordinating
D. planning
Answer optionc
Marks: 1
Chapter: 2
1686 Which of the following is the advantage of a narrow span?
A. closer supervision
B. lower overhead
C. economical
D. more delegation
Answer optiona
Marks: 1
Chapter: 3
1687 Assistant to the president of a company refers to which type of authority?

A. Line
B. Functional
C. Assistant
D. Staff
Answer optiond
Marks: 1
Chapter: 3
1688 Out of the following one which is not an unsafe condition ?
A. long working hours
B. improper material handling
C. hazardous arrangement of material
D. poor house keeping
Answer optiona
Marks: 1
Chapter: 4
1689 _____________is record of an organization that registers all financial transactions. It is a written statement of all business dealings or debts and credits
A. Budget
B. Account
C. Journal
D. Share
Answer optionb
Marks: 1
Chapter: 5
1690 ____is a types of indirect tax leived on goods imported in to India as well as on goods exported from India.
A. Income tax
B. Customs duty
C. Wealth tax
D. Gift tax
Answer optionb
Marks: 2
Chapter: 5
1691 In ABC analysis which inventory is classified into category B items?
A. Annual consumption cost is around 15-25%
B. Annual consumption cost is around 70-80%
C. Annual consumption cost is around 5-10%
D. Annual consumption cost is around 50%
Answer optiona
Marks: 1
Chapter: 6
1692 While deciding how to manage inventory the question that a materials manager need to be ask himself is _____________________________________
A. how much should we order and how often should we order?
B. who should we order and when should we order?
C. whom should we order and how should we order?
D. why should we order and when should we order?
Answer optiona
Marks: 1
Chapter: 6
1693 Identify this basic inventory control technique which is often applied to almost all aspects of materials management.
A. Pareto analysis
B. Tally Table
C. EOQ
D. Control chart
Answer optiona
Marks: 2
Chapter: 6
A machine draws a very delicate copper wire from the plate and is facing repeated breaking of wire. The tally table illustrates all possible causes of problem (sym
1694
frequency of each cause is observed and noted. This tally table is also called as _________________.
A. Ishikawa diagram
B. Control chart
C. Pareto analysis
D. Check list
Answer optiond
Marks: 2
Chapter: 7
1695 Which one is not the textile industry?
A. Raymond
B. Reliance
C. Century
D. ICICI
Answer optiond
Marks: 1
Chapter: 1
1696 Which type of industries are characterized by medium investment and semi-automation process?
A. Village
B. Small scale
C. Large Scale
D. Medium Scale
Answer optionb
Marks: 1
Chapter: 1
1697 ___________________ is the fastest growing sector in India now-a-days.
A. Service
B. Manufacturing
C. Trade
D. All of above
Answer optiona
Marks: 1
Chapter: 1
1698 Which steps in decision making process develops alternative solutions
A. first
B. second
C. third
D. last
Answer optionc
Marks: 1
Chapter: 2
1699 Which duties come under Administration?
A. Formulation of broad objectives, plans and policies
B. Decision making function as to what is to be done and when
C. Supervise and manage all day to day activities
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1700 ______________________ is the process of identifying a set of feasible alternatives and from these selected alternative the best course of action.
A. Planning
B. Organizing
C. Controlling
D. Decision making
Answer optiond
Marks: 1
Chapter: 2
A plant manager who organizes the plant by separating engineering, accounting, manufacturing, personnel, and purchasing into departments is practicing func
1701
departmentalization is also called as _______________.
A. team leaders
B. middle managers
C. first-line managers
D. top managers
Answer optionb
Marks: 2
Chapter: 2
1702 Which partner contribute in terms of their goodwill and credit from the market?
A. Sleeping partner
B. Active partner
C. Secret partner
D. Nominal partner
Answer optiond
Marks: 2
Chapter: 3
Manav is a new divisional manager, in reorganizing his division; he must make some decisions regarding the span of control. He thinks wider spans are more eff
1703
of cost but at some point:
A. employee performance increases substantially.
B. supervisors become more efficient at providing support.
C. wider spans reduce effectiveness.
D. the organization becomes taller.
Answer optionc
Marks: 2
Chapter: 3
1704 Which preventive measure industry should take to avoid accidents?
A. Safety provisions
B. Training for safe working
C. Safety devices
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
___________ is a person employed directly or through any agency, whether for wages or not, in any manufacturing process or in cleaning any part of the machin
1705
used for manufacturing process or in any other kind of work incidental, to or connected with, the manufacturing process.
A. Worker
B. Factory
C. Occupier
Answer optiona
Marks: 1
Chapter: 4
1706 ____is a direct tax levied on the income earned by individual, corporation or on other forms of business entities.
A. Income tax
B. Customs duty
C. Sales tax
D. Service tax
Answer optiona
Marks: 2
Chapter: 5
1707 In ABC analysis which inventory is classified into category A items?
A. Annual consumption cost is around 15-25%
B. Annual consumption cost is around 70-80%
C. Annual consumption cost is around 5-10%
D. Annual consumption cost is around 50%
Answer optionb
Marks: 1
Chapter: 6
1708 _____________ is a detailed list of movable items which are required for manufacturing products and maintaining the equipment and machines in good working
A. Inventory
B. Production
C. Purchase
D. None
Answer optiona
Marks: 1
Chapter: 6
1709 Which are the functions in materials management?
A. Planning
B. Warehousing
C. Storage management
D. All of the above
Answer optiond
Marks: 2
Chapter: 6
1710 The principal files that are incorporated into a computerized MRP system are:
A. inventory record, master schedule, BOM.
B. inventory record, master file, part-period balancing program.
C. capacity requirements planning file, master schedule, inventory record.
D. MRP computer program, master schedule, capacity requirements planning file.
Answer optiona
Marks: 2
Chapter: 6
1711 The totality of features and characteristics of a product or service that bears the ability to satisfy stated or implied needs of the customer is called _________.
A. TQM
B. QC
C. Quality
D. QA
Answer optionc
Marks: 1
Chapter: 7
Decision about the quality system are made based on recorded data and the system is regularly audited and evaluated for conformance and effectiveness, is the c
1712
________________.
ISO: 9001
A.
B. Workmens Compensation Act
C. Factory Act
D. Minimum Wages Act
Answer optiona
Marks: 1
Chapter: 7
DMAIC stands for define, measure, analyze, improve and control. It involves defining the problem, measuring where you stand, analyzing where the problem st
1713
the situation and controlling the new process to confirm that is fixed. The Analyze step, involves -
A. Numerical parameter used to define and measure the problem
B. Numerical measurement of the current process is necessary in order to change the process
C. Elimination of the gap between the current practice and the desired goal
D. Change to be implemented to achieve goal
Answer optionb
Marks: 2
Chapter: 7
1714 Indian Industry Started from -
A. 1850
B. 1947
C. 1950
D. none of these
Answer optiona
Marks: 1
Chapter: 1
1715 I.T.Sectors involves-
A. IT Enabled Services
B. Telecommunications
C. a and b Both
D. none of these
Answer optionc
Marks: 1
Chapter: 1
1716 An activity which involves handling or directing the affairs of an organisation is called as-
A. Administration
B. Management
C. a and b Both
D. None of these
Answer optiona
Marks: 1
Chapter: 2
1717 The ability of a supervisor to choose the correct course of action from the available alternatives to achieve the desired aims and objectives of the business is term
A. Controlling
B. Supervising
C. Directiong
D. Decision Making
Answer optiond
Marks: 1
Chapter: 2
1718 Who is called as Founder and Architect of " Modern Scientific Management" ?
A. Fredrick W.Taylor
B. Henry Fayol
Robert Owen
C.
D. Robinson Boulton
Answer optiona
Marks: 1
Chapter: 2
1719 Scientific Management Involves -
A. Market Analysis , Budgetary Control and Stock Control
B. Process & Operation Analysis, Planning & Scheduling
C. Quality & Cost Control, Maintenance Control , LabourIncentive & Control
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
1720 While working as a professional Manager in any modern Industrial Organisation , which of the following duties he is expected to perform?
A. Manger as a Leader & Mediator
B. Manager as a Co-worker
C. Manager as an Implementer
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
1721 Figure shows Modern Thought represented in a schematic way. Fill in the appropriate Terminology at space marked by "?"
A. Principles of Management
B. Functions Of Mangement
C. Management & Administration
Answer optionb
Marks: 2
Chapter: 2
1722 The commonly known forms of organisation structures are -
A. Line Organisation
B. Line & Staff Organisation
C. Functional Organisation
D. All of the above
Answer optiond
Marks: 1
Chapter: 3
1723 Joint stock private limited company is -
A. Managed by Government
B. Not Managed by Government
C. a & b Both
Answer optionb
Marks: 1
Chapter: 3
1724 Balaji Telefilms , Bharat Fertilizers are -
A. Sole proprietorship
B. Public corporations
C. Government companies
Answer optiond
Marks: 1
Chapter: 3
1725 Which of the following includes causes of accidents
A. Improper working conditions
B. Poor quality of illumination
C. Fatigue
D. All of the above
Answer optiond
Marks: 1
Chapter: 4
1726 A temporary accommodation given by the bank to their customers against certain security is called
A. Clean Advance
B. Overdrafts
C. Cash Credits
D. Secured Loans
Answer optionb
Marks: 1
Chapter: 5
1727 When finance is required for expansion and development of an organisation , it can be raised through loans instead of issuing shares is termed as -
A. Preference /shares
B. Debentures
C. Instant Loans
D. . None of the Above
Answer optionb
Marks: 1
Chapter: 5
1728 Which of the following are financial Institutions?
A. Industrial Finance Corporation
B. National Development Corporation
C. Nationalised Banks
D. All of the Above
Answer optiond
Marks: 1
Chapter: 5
1729 Which of the following are recently included under the service Tax-
A. ATM Operations
B. Business Support Services
C. International Air Travel
D. All of the Above
Answer optiond
Marks: 1
Chapter: 5
1730 The size of an order that minimises the total inventory cost is called as-
A. Fixed Iventory
B. Direct Inventory
C. Indirect Inventory
D. Economic Order Quantity
Answer optiond
Marks: 1
Chapter: 6
1731 Economic Order Quantity (EOQ) can be used by-

A. Make to stock manufacturers
B. Purchase to stock distribution
C. Departmental Stores
D. All of the above
Answer optiond
Marks: 1
Chapter: 6
1732 Arrange in a chronological order the steps of material purchasing i) Place Order ii) Payment of bill iii) Receive the material iv) Inspection-
A. I,iii,ii,iv
B. I,ii,iii,iv
C. I,iii,iv,ii
D. iv,iii,I,ii
Answer optionc
Marks: 2
Chapter: 6
1733 Figure shows modules of a system being implemented in Industries. Choose the appropriate terminology from options given below to be placed at the letter 'X' .
A. ERP
B. MRP
C. JIT
Answer optiona
Marks: 2
Chapter: 6
1734 As per definition of ISO 8402-1968 , " the totality of features and characteristics of a period or service that bears its ability to satisfy stated or implied needs is k
A. Quality
B. TQM
C. Quality control
D. Auality Assurance
Answer optiona
Marks: 1
Chapter: 7
1735 Figure refers to a Japnese Technique whichis also known as Shewhart cycle, Deming cycle or PDCA cycle. identify correctly the technique from the given option
A. 5S
B. KAIZEN
C. Six Sigma
D. TQM
Answer optiond
Marks: 2
Chapter: 7
1736 WTO stand for :-
A. World trade organic
B. World Test Organic
C. Work Test Organization
D. World Trade Organization
Answer optiond
Marks: 1
Chapter: 1
1737 Level Management :-
A. Strategical Level
B. Tacticle Level
C. Operational Level
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
1738 ____________are internally formed
B. Line & Staff Organization
D. Project Organization
Answer optiond
Marks: 1
Chapter: 3
1739 Which factor dose not cause accident due to dangerous machine
A. Boiler
B. Unsafe clothing
C. Prime Movers
D. Transmission System
Answer optionb
Marks: 1
Chapter: 4
1740 Reason due to which non-machinery accident may occur
A. Age of Person
B. Harmful substance
C. Unsafe clothing
D. all of the above
Answer optiond
Marks: 1
Chapter: 4
1741 which of the following condition is not physical condition
A. Enough Illumination
B. Sufficient Working Space for Movement
C. Good ventilation & height of working place
D. proper flooring with cleanling & oil free
Answer optionb
Marks: 1
Chapter: 4
1742 Example of office & Administrative expenses are
A. Staff salary
B. Stationary
C. Printing
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
1743 ___________may occure because of loss on scale of asset fire or theft etc
B. Abnormal Losses
C. Sales
D. Selling & distribution exoenses
Answer optionb
Marks: 1
Chapter: 5
1744 _________is a part of material management?
A. Inventory management
B. Marketing Management
C. Both a & b
D. None of above
Answer optiona
Marks: 1
Chapter: 6
1745 EOQ stand for
A. Economic order Quantity
B. Economic order quality
C. Economic Quality
D. None of above
Answer optiona
Marks: 1
Chapter: 6
1746 Advantage of ERP are
A. A unified & single reporting system
B. It is Very Complex
C. ERP experts are not easily available
D. None of above
Answer optiona
Marks: 2
Chapter: 6
1747 For effective quality circles
A. The atmosphere should be informal, comfortable,relaxed
B. The member of circle should feel involved & intersted
C. None of these
D. Both A & b
Answer optiond
Marks: 1
Chapter: 7
Write Step by step sequently objective I )To endorse self & mutual development ii) To develop quality of work iii)To give an opportunity to employee iV)To impr
1748
quality,productivity,safety & reduces the cost
A. i-iv-iii-ii
B. ii-iii-iv-i
C. i-ii-iii-iv
D. i-iii-iv-ii
Answer optionc
Marks: 1
Chapter: 7
1749 Engineering industrial sector not involves ____
A. Civil
B. mechanical
C. Chemical
D. Filament Yard
Answer optiond
Marks: 1
Chapter: 1
1750 ITES Stand for_____

A. IT Enabled Services
B. IT Enterprise services
C. IT Enabled system
D. Industry Telecomn Enabled Servics
Answer optiona
Marks: 1
Chapter: 1
1751 _________Is recruitment of right people at right place in an organization.
A. Planning
B. Organizing
C. Staffing
D. controlling
Answer optionc
Marks: 1
Chapter: 2
1752 Advantage of planning :-
A. Work can be done efficiently
B. Planning minimizes work pressures & dedline tension
C. Standarization can be enforced through plane
D. All of the above
Answer optiond
Marks: 1
Chapter: 2
1753 _____________ is the life blood of business enterprise. It is a universal lubricant which keeps enterprise dynamic.
A. Finance
B. Capital
C. Budget
D. VAT
Answer optionb
Marks: 1
Chapter: 5
1754 External sources are_____________
A. Permanent or long term sources of capital
B. Medium - term sources of capital
C. Sort-term sources of capital
D. All of the above
Answer optiond
Marks: 1
Chapter: 5
1755 Following are which types of taxes :-1) Consumption tax. 2) Flat tax. 3) Social security tax. 4) Dividing tax. 5) Gift taxes. 6) Payroll tax. 7) Pole tax.
A. Direct taxes
B. Indirect taxes
C. Both A&B
D. None of above
Answer optionc
Marks: 2
Chapter: 5
1756 _______________ is a plan that view future production of end of product.
A. MPR
B. MPS
C. ERP
D. None of above
Answer optionb
Marks: 1
Chapter: 6
1757 The idea of liberalization in the present phase of globalisation deals with
A. economic aspect
B. political aspect
C. technological aspect
Answer optiona
Marks: 1
Chapter: 1
1758 One of the following is definitely not a positive aspect of globalisation in India
A. Growth of small scale industry
B. Provision of technology
C. foreign invetment
D. employment oppurtunities
Answer optiona
Marks: 1
Chapter: 1
1759 The services provided by Ashoka hotel comes under
A. primary activity
B. secontary activity
C. tertiary activity
D. manufacturing process
Answer optionc
Marks: 1
Chapter: 1
1760 Who is recognised as a man who invented management
A. Taylor
B. Elton mayo
C. Mary Follet
D. Peter drucker
Answer optiond
Marks: 1
Chapter: 2
1761 The management of interdependence in work situations is called as
A. Direction
B. Motivation
C. Inspiration
D. Coordination
Answer optiond
Marks: 2
Chapter: 2
1762 An organization is nothing but
A. Executive function
B. Decision making body
C. Structure of Management
D. The operational aspect of management
Answer optionc
Marks: 1
Chapter: 3
1763 Funtional organizations are based on
A. Superior Subordinate relationship
B. Based on specialization factor
C. based on authority and responsibility
Answer optionb
Marks: 1
Chapter: 3
1764 The principal sent a note that he will be on leave for a few days and the Hod of mechanical department will look after the responsibility in his absence, this is ca
A. Sharing of responsibility
B. delegation
C. decentralisation
D. Authority
Answer optionb
Marks: 1
Chapter: 3
1765 two of our friends decided to start a garment shop such type of business organisation can be called
A. Proprietorship
B. Partnership
C. Joint ownership
D. Cooeperative
Answer optionb
Marks: 2
Chapter: 3
1766 The quantity to be ordered depends upon two costs, what are they
A. Capital cost and material cost
B. holding cost and procurement cost
C. inventory cost and purchasing cost
D. working capital and material cost
Answer optionb
Marks: 1
Chapter: 5
1767 In Kaizen the role of middle management is
A. Establishment at corporate level
B. to implement the process
C. to implement the process at functional level
D. to act as a leader
Answer optionb
Marks: 2
Chapter: 5
1768 I wanted to know the major and minor causes which are responsible for the problem,from the following which technique will I adopt
A. ERP
B. ABC analysis
C. MRP
D. Ishikawa diagram
Answer optiond
Marks: 1
Chapter: 6
1769 Find the odd one out
A. ABC analysis
B. EOQ
C. MRP
D. TQM
Answer optiond
Marks: 1
Chapter: 7
1770 Which of the following is correctly matched
A. Seiri means sorting and Seition means Set in order
B. Seiri means sorting and seition means standardising
C. Seiri means weeping and seition means set in order
Answer optiona
Marks: 2
Chapter: 7
1771 EOQ does not work if ------ order quantity is compulsory.
A. Minimum
B. Maximum
C. Smaller
D. None
Answer optiona
Marks: 1
Chapter: 6
1772 .------------ activity is complicated and takes more time.
A. Purchasing
B. Procurement
C. Both (a) & (b)
Answer optionb
Marks: 1
Chapter: 6
1773 Income other than sales are called as ------------
A. Indirect income
B. Abnormal losses
C. Sales
D. Selling & distribution expenses
Answer optiona
Marks: 1
Chapter: 5
1774 Direct tax is an example of -----------
A. Income tax
B. Sales tax
C. Wealth tax
D. All of the abone
Answer optiona
Marks: 1
Chapter: 5
1775 Out of following, --------- is not considered as a dependent.
A. Widow
B. Minor son
C. Widow mother
D. Married sister
Answer optiond
Marks: 2
Chapter: 4
1776 Fire extinguishers should be kept in easily accessible places.Under which category of accident prevention methods does this appear?
A. Safe material handling
B. Personal protection devices
C. Good house keeping
D. Safety measures essential in industry
Answer optiond
Marks: 1
Chapter: 4
1777 Lack of training to worker is a cause of accident due to --------
A. Worker
B. Management
C. Wrong layout of workplace
D. Natural disaster
Answer optionb
Marks: 1
Chapter: 4
1778 .------------ means right (to command) and power to act.
A. Authority
B. Responsibility
C. Communication
Answer optiona
Marks: 1
Chapter: 3
1779 .---------- organization is also called as staff organization.
A. Line
B. Military
C. Scaler
D. Functional
Answer optiond
Marks: 1
Chapter: 3
1780 .------- type of organization is suitable for military & small businesses.
A. Line
B. Funtional
C. Line & staff
D. Projet
Answer optiona
Marks: 1
Chapter: 3
1781 .------- is important not only for individual but for an organization also.
A. Discipline
B. Authority
C. Division of work
D. Remuneration
Answer optiona
Marks: 2
Chapter: 2
1782 The factor which affects decision making is ----------------------
A. Certainty
B. Risk
C. Uncertainty
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1783 .----------- is the downward transfer of authority from manager to subordinate.
A. Authority
B. Responsibility
C. Delegation
Answer optionc
Marks: 1
Chapter: 2
1784 .-------- level management is known as strategical level of management.
A. Top
B. Middle
C. Lower
Answer optiona
Marks: 1
Chapter: 2
1785 The area of classical school are ----------
A. Scientific Management
B. Administrative Management
C. Bureaucratic Management
D. All of above
Answer optiond
Marks: 1
Chapter: 2
1786 . --------------------- is not the type of service industry.
A. Entertainment
B. Hospitality
C. Import & Export House
Answer optionc
Marks: 1
Chapter: 1
1787 Following are types of banks ----------
A. Commercial banks
B. Regional Banks
C. Cooperative Banks
D. All of the Above
Answer optiond
Marks: 1
Chapter: 1
1788 In ABC analysis, the 20 % items in industry having cost 80% of total inventory cost is called as -------
A. Type A
B. Type B
C. Type C
D. None
Answer optiona
Marks: 1
Chapter: 6
1789 .------------ inventory is not a type of inventory.
A. Raw
B. Finished
C. In-proess
D. Departmental
Answer optiond
Marks: 2
Chapter: 6
1790 Continuous Improvement means -----------
A. Kaizen
B. 5'S'
C. Six sigma
Answer optiona
Marks: 1
Chapter: 7
1791 Which statement is wrong?
A. Authority cannot be delegated
B. Authority is the power to act
C. Higher the post, higher is the authority
D. Authority is right to command
Answer optiona
Marks: 2
Chapter: 3
1792 Match the pair 1. Ashok Leyland a) Gurgoan 2. Suzuki b) Pune 3. Mahindra c)Chennai 4. Kinetic d) Nasik
A. 1 (a) 2 (c) 3 (b) 4 (d)
B. b) 1 (c) 2 (a) 3 (b) 4 (d)
C. 1 (b) 2 (c) 3 (d) 4 (a)
D. d) 1 (d) 2 (b) 3 (c) 4 (d)
Answer optionc
Marks: 1
Chapter: 1
1793 License permit raj in India was in this period
A. 1965 – 1990
B. 1990 – 2002
C. 1965 – 1970
D. 1955 – 1965
Answer optiona
Marks: 1
Chapter: 1
1794 Application of ERP are__________
A. SAP
B. Tally ERP
C. MPR
D. Both A & B
Answer optiond
Marks: 2
Chapter: 6
1795 Benefits of ISO 9001:2000 are _______
A. Customer satisfaction can be achieved
B. Strong leadership motivates personnel and guide
C. All of the above
D. None of these
Answer optionc
Marks: 1
Chapter: 7
1796 ____________ accident prevents employees from working, for the period less than 48 hours from the time of accident.
A. Fatal
B. Major
C. Minor
D. Trivial
Answer optionc
Marks: 1
Chapter: 4
1797 When 20 number of persons comes together to form a business as owners with all legal formalities then formed ownership is called as ______________ type of o
A. Co-operative
B. Joint stock company
C. Partnership
D. Proprietorship
Answer optionc
Marks: 2
Chapter: 3
1798 Departmenation is done on the basis of product, function & _____________
A. working
B. manufacturing technique
C. process
D. methods
Answer optionc
Marks: 1
Chapter: 3
1799 Similar activites & related people are grouped together to form a _________________
A. department
B. organisation
C. span of control
D. committee
Answer optiona
Marks: 1
Chapter: 3
1800 Oraganization establishes a relationship betweeen authority & ______________ & controls the efforts of group.
A. authority
B. responsibility
C. delegation
D. controlling
Answer optionb
Marks: 1
Chapter: 3
1801 Which function of management fails due to following reasons a. Incorrect person to do plan, b. faulty System of work c. Insufficient data d. No feedback system
Overconfidence
A. Organising
B. Directing
C. Planning
D. Motivating
Answer optionc
Marks: 2
Chapter: 2
1802 "The process by which actual performance of subordinates is guided towards common goals of the enterprise" is called as _____________ function of managem
A. Organising
B. Directing
C. Motivation
D. Coordination
Answer optionb
Marks: 1
Chapter: 2
1803 Middle level management is also called as __________________________ of managers
A. Strategical Level
B. Operational Level
C. Tactical Level
D. Force Level
Answer optionc
Marks: 1
Chapter: 2
1804 Management works as _______________ to produce goods using labour, materials and capital
A. Catalyst
B. Activator
C. Convertor
D. Processor
Answer optiona
Marks: 1
Chapter: 2
1805 Products are produced from raw materials by using engineering technology and ______________
A. Tools
B. Equipments
C. Machinery
D. Money
Answer optionc
Marks: 1
Chapter: 1
1806 Service sector has occupied _____ of GDP (Gross Domestic Product)
A. 0%
B. 1%
C. 2%
D. 10%
Answer optionb
Marks: 1
Chapter: 1
1807 ______________ department will be dedicated for saftey related work only
A. Production
B. Safety
C. Sales
D. Accounting
Answer optionb
Marks: 1
Chapter: 4
1808 Relationship between employer & employees is very important for the development & _____________ of any organization.
A. Growth
B. Stability
C. Increment
D. Survival
Answer optiond
Marks: 1
Chapter: 4
1809 Financial management is nothing but effective management of __________
A. Funds
B. Material
C. Labour
D. Equipment
Answer optiona
Marks: 1
Chapter: 5
1810 ____________ is an instrument of management for planning its future activities.
A. Accounts
B. Debentures
C. Shares
D. Budgets
Answer optiond
Marks: 1
Chapter: 5
1811 _________________ operates on the principle that if you have something it must have been paid for somehow.
A. Profit & loss account
B. Organisation chart
C. Balance sheet
D. Labour budget
Answer optionc
Marks: 2
Chapter: 5
1812 ____________________ is way of keping material which will not stop the manufacturing and allied process
A. inventory
B. handling
C. assurance
D. control
Answer optiona
Marks: 1
Chapter: 6
1813 The results of ABC analysis have to be reviewed ________________ & updated.
A. regularly
B. periodically
C. monthly
D. yearly
Answer optionb
Marks: 1
Chapter: 6
1814 If there is more stock than requirement , then the cost of carrying it i.e. __________________ cost will b more.
A. procurement
B. purchase
C. inventory
D. transport
Answer optionc
Marks: 1
Chapter: 6
If a TV manufacturing industry is using ABC analysis for inventory management. They are having items such as picture tube main costly item, PCB moderately
1815
electronics components less costly items, then classify these items into A items, B items & C items.
A. A- picture tube, B- PCB, C- electronics components
B. A- electronics components, B- PCB, C- picture tube
C. A- PCB, B- picture tube, C- electronicscomponents
D. A- picture tube, B- electronics components, C- PCB
Answer optiona
Marks: 2
Chapter: 6
According to ERP each department has its own ERP module following are the ERP module and department match ERP module with their department A. ERP
1816 B. ERP Human Resources Module C. ERP Purchase Module D. ERP production module and Departments are 1. Production Dept. 2. Account Dept. 3. Purchase
Personal Dept.
A. A- 2, B- 4, C- 3, D-1
B. A-1, B-2, C-3, D-4
C. A-4, B-3, C-2, D-1
D. A-3, B-4, C-1, D-4
Answer optiona
Marks: 2
Chapter: 6
1817 Quality __________ gives more attention on testing of products to find defects & reporting to management before release of product.
A. Feedback
B. Assurance
C. Management
D. Control
Answer optiond
Marks: 1
Chapter: 7
1818 Kaizen is the Japanese term which means __________________
A. Increment
B. Decrement
C. Improvement
D. Steady state
Answer optionc
Marks: 1
Chapter: 7
Following are the stages & Break through Strategy (B.S.) phases. Match the Stage & Break through Strategy correctly. 1. Identification 2. Characterization 3. O
1819
Institutionalization and B.S. phases are A. Improve & Control B. Standardise & Integrate C. Recognize & Define D. Measure & Analyze
A. 1-A, 2-B, 3-C, 4-D
B. 1-C, 2-D, 3-A, 4-B
C. 1-B, 2-C, 3-D, 1-A
D. 1-D, 2-A, 3-B,4-C
Answer optionb
Marks: 2
Chapter: 7
1820 The term management means---?
A. Planning & organizing
B. coordinating & Directing
C. Guiding & Motivating
D. All above.
Answer optiond
Marks: 1
Chapter: 2
1821 Organizing process transfers------? Into reality
A. Plans
B. Problems
C. Task.
D. None of these.
Answer optiona
Marks: 1
Chapter: 2
1822 To avoid delay in work-----? Management function is used.
A. Planning
B. Coordinating
C. Directing.
D. Motivating.
Answer optionb
Marks: 1
Chapter: 2
1823 In line organization authority flows from---------?
A. Top to bottom
B. Bottom to top
C. Both a & b
D. None of these
Answer optiona
Marks: 1
Chapter: 3
1824 An accident means unforeseen ----------- sudden mishap?
A. Uncontrolled
B. Controlled
C. Semi controlled
D. All above
Answer optiona
Marks: 1
Chapter: 3
1825 Material Management is an --------activity?
A. Integrated
B. Isolated
C. Both a & b
D. None of these
Answer optiona
Marks: 1
Chapter: 5
1826 The term Inventory management means---------?
A. Short list of items

B. Detailed list of items
C. List of important items.
D. None of these.
Answer optiona
Marks: 1
Chapter: 5
1827 TQM stands for----------?
A. Total Quality management.
B. Total Quantity management.
C. Both a and b
D. None of these.
Answer optiona
Marks: 1
Chapter: 6
1828 KAIZEN theory uses---------theory?
A. 5S
B. 6S
C. 7S
D. 4S
Answer optiona
Marks: 1
Chapter: 6
1829 6-Sigma is a---------- method used for improvement?
A. Statistical.
B. Mathematical
C. Both a and b
D. None of these
Answer optiona
Marks: 1
Chapter: 6
1830 For creating Departments --------- methods are used?
A. By function/product/process
B. By Market
C. Customer
D. All above.
Answer optiond
Marks: 2
Chapter: 6
1831 If the capital in a business provided by one or two persons in the form of Shares With legal entity then it is Called as ---------?
A. Joint stock co.
B. Partnership co.
C. Public ltd. co.
D. None of these.
Answer optionb
Marks: 1
Chapter: 7
Following table is the example of--------budget? . XYZ-Co. -----------Budget. For the year- Dept. JAN FEB MAR 2nd Qtr 3rd Qtr. X 4000 2000 4000 13000 14000
1832
3000 9000 9500 X+Y
A. Production
B. Labour
C. Sales
D. Cash
Answer optionc
Marks: 1
Chapter: 7
1833 To achieve the vision of an organization------ management works?
A. Upper level
B. Middle level
C. Lower level
D. Both a & b
Answer optiona
Marks: 2
Chapter: 7
1834 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.
Answer optionb
Marks: 1
Chapter: 2
1835 "Analysis of causes of deviation" is a part of ______________ Process
A. motivation
B. teamwork
C. controlling
D. leadership
Answer optionc
Marks: 1
Chapter: 2
1836 In an organization which of following group is not present
A. labour working on a site
B. employees doing discussion in work area
C. meeting members in a company
D. group of 15 people on bus stop
Answer optiond
Marks: 1
Chapter: 3
1837 which of the following statement is wrong ?
A. organization has no boundaries
B. it has aims and objectives
C. organization is a group of working people
D. organizaiton is a system
Answer optiona
Marks: 1
Chapter: 3
1838 which of following is not objective of financial management
A. profit maximization
B. wealth maximization
C. to ensure safe working condition
D. to ensure regular and adequate supply of funds
Answer optiond
Marks: 1
Chapter: 5
1839 The capital required for a business is ____________
A. fixed capital
B. working capital
C. both (A) and (B)
D. None
Answer optionc
Marks: 1
Chapter: 5
1840 Following fig. refers to :
A. Balance sheet
B. Profit and loss sheet
C. Budget sheet
D. Master Sheet
Answer optiona
Marks: 2
Chapter: 5
1841 EOQ is a formula that determines the ___________ at which the combination of procurement costs and inventory carrying costs are least
A. quality
B. cost
C. profit
D. quantity
Answer optiond
Marks: 1
Chapter: 6
1842 procurement costs:
A. they increase as quantity ordered increases
B. they decrease as quantity ordered decreases
C. they decrease as quantity ordered increases
Answer optionc
Marks: 1
Chapter: 6
1843 Quality consist of ______________- to satisfy wants.
A. capacity
B. control
C. quantity
D. arragement
Answer optiona
Marks: 1
Chapter: 7
1844 Process employed to ensure a certain level of quality in a product or service is called
A. quality audit
B. 5s
C. quality control
D. quality circle
Answer optionc
Marks: 1
Chapter: 7
1845 AGM stands for
A. Actual General Member

B. Annual General Meeting
C. Annual Great Meeting
D. Annual General Member
Answer optionb
Marks: 1
Chapter: 7
1846 finished good means good waiting for dispached to:
A. customer
B. supplier
C. A and B
Answer optiona
Marks: 1
Chapter: 6
1847 Which of the following is in significant item
A. A items
B. B items
C. C items
Answer optiona
Marks: 1
Chapter: 6
1848 following fig shows :
A. page from ledger
B. balance sheet
C. sales budget
D. master budget
Answer optiond
Marks: 2
Chapter: 5
1849 Which of the following would represent an organisations Fixed Assets
A. Fixtures & Fittings
B. Cash at the Bank
C. Debtors
D. Retained Profit
Answer optiona
Marks: 1
Chapter: 5
1850 Which of the following is/are Current Liabilities of the organisation?
A. Motor Vehicles
B. Debtors
C. Creditors
D. Share Capital
Answer optionc
Marks: 1
Chapter: 5
1851 Gross Profit is the difference between?
A. Sales Revenue & Opening Stock
B. Purchases & Closing Stock
C. Sale Revenue & Cost of Goods Sold
D. Sales Revenue & closing Stock

Answer optionc
Marks: 1
Chapter: 5
1852 Maslows motivation theory is on the basis of human___________.
A. satisfaction
B. needs
C. maintenance factors
D. rewards
Answer optionb
Marks: 2
Chapter: 3
1853 which type of organization is the fig. refer to…
A. process
B. functional
C. staff
D. Line and Staff
Answer optiond
Marks: 2
Chapter: 3
1854 Goal or target to be achieved is known as ____________.
A. objective
B. schedules
C. procedures
D. budgets
Answer optiona
Marks: 1
Chapter: 3
1855 The chain of superiors from the highest authority to the lowest level in the organization is _________
B. Unity of command
C. Centralization
D. Scalar chain
Answer optiond
Marks: 1
Chapter: 3
1856 An identified group of people contributing their efforts towards the attainment of goals is called an
A. Organization
B. Business
C. Management
D. Department
Answer optiona
Marks: 1
Chapter: 3
1857 Exchange of ideas, opinions, information etc. between two or more persons is________
A. planning
B. organizing
C. communication
D. staffing
Answer optionc
Marks: 1
Chapter: 2
1858 India is awarded a certification of ---- free country.
A. cancer
B. Polio
C. Swine flu
D. AIDs
Answer optionb
Marks: 1
Chapter: 1
1859 Excess inventory may lead to :
A. profit
B. loss
C. funds
D. less space
Answer optionb
Marks: 1
Chapter: 6
1860 when we order and receive good in company it will include
A. procurement cost
B. inventory cost
C. holding cost
Answer optiona
Marks: 2
Chapter: 6
1861 Following are the principles of …..1)Customer focus 2)Leadership3)Involvement of people4)Process approach
A. ERP
B. Organization
C. ISO:9001
D. EOQ
Answer optionc
Marks: 2
Chapter: 7
1862 Extract from pareto's chart : The key causes are
A. D,E,F
B. H,I,J
C. A,B,C
D. A TO J
Answer optionc
Marks: 2
Chapter: 7
1863 _________ Industries are known as sunshine sector of Indian economy
A. chemical
B. information technology
C. agricultural
D. process
Answer optionb
Marks: 1
Chapter: 1
1864 The purpose of business according to Drucker,
A. to get money
B. to aquire success in market

C. to satisfy customer
D. to create and keep customers
Answer optiond
Marks: 1
Chapter: 1
1865 Which of the following is an example of a physical aspect of globalization?
A. Data travelling through computer networks
B. Television signals broadcast by satellite
C. Goods being transported across borders
D. The imagery of global brands
Answer optionc
Marks: 1
Chapter: 1
1866 The ------process transform plans in to reality.
A. Planning
B. organizing
C. directing
D. all of above
Answer optionb
Marks: 1
Chapter: 2
1867 The right of a person to give instructions to his subordinates is known as_________.
A. responsibility
B. authority
C. Accountability
D. Line authority
Answer optionb
Marks: 1
Chapter: 3
1868 Supply of human and material resources and helps to achieve the objective of business is _______
A. planning
B. Organization
C. Management
D. Control
Answer optionb
Marks: 1
Chapter: 3
1869 The process of dividing the large monolithic functional organization into small and flexible administrative units is called__________.
A. Staffing
B. Delegation
C. Departmentation
D. Control
Answer optionc
Marks: 1
Chapter: 3
1870 Identify type of organization does the fig. refer to..
A. Project
B. Functional
C. Process
D. Line
Answer optiona
Marks: 2
Chapter: 3
1871 An environmental factor for accidents in industry is:
A. Absence of proper protecting devices
B. daydreaming
C. improper ventilation
D. protruding nails
Answer optionb
Marks: 1
Chapter: 4
1872 As per Factories Act, "--------------------” of a factory means the person who has the ultimate control over the affairs of the factory.
A. Manager
B. Owner
C. Director
D. Occupier
Answer optiond
Marks: 1
Chapter: 4
1873 Which of the following is obligation imposed byFactories Act upon the employer with respect to his workers ?
A. Health
B. Safety
C. Welfare
D. All the above.
Answer optiond
Marks: 1
Chapter: 4
1874 XYZ company has to be appointed _____________ if an organization is engaging 500 or more employees
A. safty committee
B. welfare officer
C. plant committee
D. saftey officer
Answer optionb
Marks: 2
Chapter: 4
1875 The function of financial management is ________
A. record keeping
B. profit maximization
C. management of cash flow
D. all of the above
Answer optiond
Marks: 1
Chapter: 5
1876 complete fiil in the blank
A. debentures form the capital of the company
B. fixed rate of interest is paid on debentures
C. It is the credit money of the company
Answer optionc
Marks: 1
Chapter: 5
1877 The summary of an organisations assets and Liabilities at a particular point in time is called?
A. Trading Account
B. Profit & Loss Account
C. Balance Sheet
D. Trade Balance
Answer optionc
Marks: 1
Chapter: 5
1878 Which one of the following cannot be found in the Profit & Loss Account?
A. Depreciation of Motor Vehicles for the year
B. Telephone Expenses
C. Sales Goods returned
D. Wages/Salaries
Answer optionc
Marks: 2
Chapter: 5
An organisation which produce DVD recorders has a Fixed Cost of Rs. 30,000. If the selling price is Rs. 350 each and Variable Costs are Rs. 100 per unit what is
1879
units needed to reach the Break-Evan point?
A. 80
B. 120
C. 250
D. 300
Answer optionb
Marks: 2
Chapter: 5
1880 To preparation of ABC analysis First step is
A. preparation of lisi of all items
B. determine unit price
C. get annual consumption
Answer optiona
Marks: 1
Chapter: 6
1881 Which of the following categories of materials handling equipment does a ‘counterbalanced type’ belong to?
A. Gravity Conveyor
B. Fork lift Trucks
C. Picking Robot
D. Warehouse Trolley.
Answer optionb
Marks: 2
Chapter: 6
1882 Warehouses and stockyards are two types of storage facilities. Which of the following is the most appropriate factor to consider in the design of a stockyard?
A. Structure
B. Services
C. Surface
D. Shelving.
Answer optionc
Marks: 2
Chapter: 6
1883 process flow chart helps to explain
A. process steps and their relationship
B. cost of quality
C. a cluse in ISO:9001
D. customer complaints
Answer optiona
Marks: 1
Chapter: 7
1884 Name the curve shown in fig.
A. Normal distribution curve
B. sixsigma curve
C. normal curve
D. sigma curve
Answer optiona
Marks: 2
Chapter: 7
1885 Quality is the relative term and is used with reference to -
A. product
B. quantity
C. ERP
D. MRP
Answer optiona
Marks: 1
Chapter: 7
1886 it is the series of the quality management system standards created by the international organisation for standardisation
A. ERP
B. ISO 9001
C. EOQ
D. 5S
Answer optionb
Marks: 1
Chapter: 7
1887 classification of material as per their values and usage comes under
A. TQM
B. ABC analysis
C. ERP
Answer optionb
Marks: 1
Chapter: 6
1888 which statement is wrong
A. fixed assets are used over and over again for numbers of years
B. the capital invested in assets of durable nature for repeated use of long perid is called fixed capital
C. both
D. none
Answer optiond
Marks: 2
Chapter: 5
1889 which is wrong statement about capital
A. it is needed to expand the businees
B. it is needed to start the businees
C. it is needed to run the businees
Answer optiond
Marks: 2
Chapter: 5
1890 Fixed capial is not required for
A. land
B. building
C. equipment and machinery
D. cash to be maintained in emergency
Answer optiond
Marks: 1
Chapter: 5
1891 Fixed capial can be financed through
A. shares
B. long term debentures
C. loan from banks
D. all
Answer optiond
Marks: 1
Chapter: 5
1892 employer has to do compensation in which case
A. injury caused by accident
B. injury caused during employement
C. death after accident
D. All of the above
Answer optiond
Marks: 2
Chapter: 4
1893 which statement is wrong
A. control are concentrated at the centre
B. centralisation gives power in the hands of center
C. many functions are controlled by a central authority
D. centralisation considers local issue always
Answer optiond
Marks: 2
Chapter: 3
1894 Urban co-operative bank refers to which of the following company type-
A. Single Ownership
B. public ltd
C. Partnership company
Answer optiond
Marks: 1
Chapter: 3
1895 which is the last need in Maslow need hierchy
A. social
B. physiological
C. safety
D. self actualisation
Answer optiond
Marks: 1
Chapter: 2
1896 what is the next function after planning

A. decision making
B. organising
C. staffing
D. scheduling
Answer optionb
Marks: 1
Chapter: 2
1897 Banks are regulated by
A. SBI
B. RBI
C. CBI
D. FBI
Answer optionb
Marks: 1
Chapter: 1
1898 LPG increases –
A. Employment opportunity
B. Foreign Investment
C. Competition
D. All of the above
Answer optiond
Marks: 1
Chapter: 1
1899 Excise duty is the amount of duty paid on _____ of goods.
A. Sales
B. Production
C. Trading
D. Excise
Answer optionb
Marks: 2
Chapter: 5
1900 Which one of the following is not a personal protective device ?
A. hand gloves
B. helmet
C. goggles
D. pullover
Answer optiond
Marks: 2
Chapter: 4
1901 --------- is a willing exchange of goods
A. Service
B. Trade
C. Manufacturing
D. Both a and b
Answer optionb
Marks: 1
Chapter: 1
1902 Following business pattern do not come under service industry.
A. IT
B. Banking
C. Real Estate
D. Textile Mill
Answer optiond
Marks: 1
Chapter: 1
1903 Kaizen is the name given by:
A. Chinese
B. Japanese
C. Korean
D. Thai
Answer optionb
Marks: 1
Chapter: 7
1904 Meeting goals can increase :
A. Needs
B. Safety
C. Competition
D. Motivation
Answer optiond
Marks: 1
Chapter: 7
1905 Food,Water,Sleep,Clothes,and an acceptable temperature are all examples of :
A. Physiological Need
B. Safely Needs
C. Competence Needs
D. Social Needs
Answer optiona
Marks: 1
Chapter: 7
1906 The motivators are guided by :
A. Motivation
B. Need
C. Satisfaction
D. None
Answer optionb
Marks: 1
Chapter: 7
1907 ____ make products, from raw materials or componentparts, which they then sell at a profit.
A. service providers
B. Manufactureres
C. Traders
D. None
Answer optiona
Marks: 1
Chapter: 1
1908 How do traders make profit?
A. in the form of commission
B. in the form of loans
C. in the form of shares
D. in the form of debentures
Answer optiona
Marks: 1
Chapter: 1
1909 What is the main stay of Indian economy?
A. Agriculture
B. Chemicals
C. Engineering
D. Textile industry
Answer optiona
Marks: 1
Chapter: 1
1910 Indian IT companies are not working in the __________________ business.
A. telecom
B. service
C. software
D. product development
Answer optiond
Marks: 1
Chapter: 1
1911 Out of following which is the first activity in organizing?
A. Assigning the activities to manager
B. Grouping of activities
C. Delegation of authority to managers
D. Identifying the activities
Answer optiond
Marks: 1
Chapter: 2
1912 "They expect less but contribute more" this happens in which phase?
A. Social needs
B. Safety needs
C. Self actualization
D. Esteem needs
Answer optionc
Marks: 2
Chapter: 2
1913 Project organization is a ____________organization structure.
A. Temporary
B. Permanent
C. Annual
D. Quarterly
Answer optiona
Marks: 1
Chapter: 3
1914 _________ is a voluntary organization formed to serve the members and the welfare of society.
A. company
B. co-operative society
C. Public limited company
Answer optionb
Marks: 1
Chapter: 3
1915 In a tall organisation structure, the span of control is ___________
A. big
B. wide
C. narrow
D. small
Answer optionc
Marks: 2
Chapter: 3
1916 _______________ is a source of working capital.
A. loans from commercial banks
B. public deposits
C. debenture
D. subcontracting
Answer optiona
Marks: 1
Chapter: 5
1917 Tools, lubricants, cutting fluids are ___________.
A. indirect materials
B. finished goods
C. work in progress
Answer optiona
Marks: 1
Chapter: 6
1918 ________ helps managers to have selective control and focus attention only on important items.
A. EOQ
B. ABC analysis
C. inventory
Answer optionb
Marks: 1
Chapter: 6
1919 In kaixen the role of an employee is __________
A. to establish at the corporate level
B. to implement the process
C. to implement in the functional area
D. to participate
Answer optiond
Marks: 1
Chapter: 7

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Management MCQ Questions

1 Name the two segments of engineering sector.

A. heavy and light

B. civil and mechanical

C. electronics and telecommunication

2 Different types of Process Industry

D. Good work culture

D. All of the above

6 For product type departmentation, which statement is incorrect?

A. People become expert in the work allotted to them

B. Product become name brand name

C. Attention is given to the product

D. Office administrative expenses

D. All of the above

A. (1) True (2) True

B. (1) True (2) False

C. (1) False (2) True

D. (1) False (2) False

10 The Bill of materials provides __________________________.

A. A product structure (tree)

B. List of what is needed for each component, sub-assembly and assembly

A. Exact quantity of material to be purchased and its specification is decided

C. Pen the quotations at prescribed time on the prescribed date

B. (a) Design, Verify (b) Implement, Control

C. (a) Implement, Verify (b) Design, Control

D. (a) Verify, Implement (b) Design, Control

14 GATT was superseded by WTO in

15 The success of any project depends upon-

D. All of the Above

A. Thinking before doing

B. Thinking after doing

C. Thinking during doing

D. All of the Above

B. Authority & Responsibility

D. All of the Above

18 Bata India Limited is a form of -

D. All of the Above

B. Line & Staff organization

20 Allotting right work to the right person means.

D. All of the Above

21 The risk is very high in

B. Joint stock company

D. All of the Above

D. None of the above

A. Gross Working Capital

B. Net Working Capital

C. Permenant Working Capital

D. Temporary Working Capital

25 The assumption made in EOQ is that

A. Lead time is know & is constant

B. Total cost is constant

C. Primary cost is constant

D. All of the Above

26 The major advantage of MRP is

A. Frequent Material Shortage

B. Conflicts among employees

C. Minimizing Unnecessary Inventory Investment

D. High Investment in unnecessary Inventory

27 Sales & Marketing is module of

D. All of the Above

29 Objective of quality circle is -

B. Take different measures to ensure or improve the quality standard of product.

C. To Imporve quality, Productivity, safety and reduce the cost

32 The two types of trade are _ and __.