Multiple Choice Questions (MCQs)

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1   Financial management is nothing but effective management of —–
    (A)   Funds
    (B)   Material
    (C)   Labour
    (D)   Equipment

2   Even though permanent working capital is working capital but its nature is —–for every year or month.
    (A)   Temporary
    (B)   Permanent
    (C)   Variable
    (D)   Increasing basis

3   —–is an instrument of management for planning its future activities.
    (A)   Accounts
    (C)   Debentures
    (D)   Shares
    (B)   Budgets

4   —–operates on the principle that if you have something it must have been paid for somehow.
    (A)   Profit & loss account
    (B)   Organization chart
    (C)   Balance sheet
    (D)   Labour budget

5   A man working in an industry has annual income of Rs. 2,50,000 from all sources, total investment like PF, PPF, LIC savings Rs.50,000, Exempted amount for income tax is 1,50,000 Rs. & income tax rate is 10% up to 3,00,000. Find out amount of income tax paid by that person is 2010050305018 —–is way of keeping material which will not stop the Manufacturing and allied process
    (A)   Inventory
    (B)   Handling
    (C)   Assurance
    (D)   Control

6   The results of ABC analysis have to be reviewed —–&
    (A)   Regularly
    (B)   Periodically
    (C)   Monthly
    (D)   Yearly

7   If there is more stock than requirement, then the cost of carrying it i.e. —–cost will be more.
    (A)   Procurement
    (B)   Purchase
    (C)   Inventory
    (D)   Transport

8   MRP (Material Resource Planning) projects not only demand but also the timing of the —–demand.
    (A)   Purchase quantity
    (B)   Sell quantity
    (C)   Production
    (D)   Inventory

9   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 cost & 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- electronics components
    (D)   A-Picture tube, B- electronics components, C- PCB

10   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 Finance module B. ERP Human Resources Module C. ERP Purchase Module D. ERP production module and Departments are 1. Production Dept. 2. Account Dept. 3. Purchase Dept. 4. 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-2

11   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

12   Kaizen is the Japanese term which means —–
    (A)   Increment
    (B)   Decrement
    (C)   Improvement
    (D)   Steady state

13   5S methodology for organizing & minimizing items within a workplace in order to operate more —–
    (A)   Effectively
    (C)   Efficiently
    (D)   Satisfactorily
    (B)   Regularly

14   Following are the stages & Break through Strategy (B.S.) phases. Match the Stage & Break through Strategy correctly. 1. Identification 2. Characterization 3. Optimization 4. Institutionalization and B.S. phases are A. Improve & Control B. Standardize & 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

15   The term management means—?
    (A)   Planning & organizing
    (B)   Coordinating & Directing
    (C)   Guiding & Motivating
    (D)   All above

16   Organizing process transfers—– into reality
    (A)   Plans
    (B)   Problems
    (C)   Task
    (D)   None of these

17   To avoid delay in work—–Management function is used.
    (A)   Planning
    (B)   Coordinating
    (C)   Directing
    (D)   Motivating

18   ——- type of organization is suitable for military & small businesses.
    (A)   Line
    (B)   Functional
    (C)   Line & staff
    (D)   Project

19   ——- is important not only for individual but for an organization also.
    (A)   Discipline
    (B)   Authority
    (C)   Division of work
    (D)   Remuneration

20   The function of administration is ————–
    (A)   Decision making
    (B)   Policy making
    (C)   Controlling & ensure
    (D)   All of above

21   The factor which affects decision making is ———————-
    (A)   Certainty
    (B)   Risk
    (C)   Uncertainty
    (D)   All of above

22   ———– is the downward transfer of authority from manager to subordinate.
    (A)   Authority
    (B)   Responsibility
    (C)   Delegation
    (D)   None of the above

23   ——– level management is known as strategic level of management.
    (A)   Top
    (C)   Middle
    (D)   Lower
    (B)   None of the above

24   The area of classical school are ———-
    (A)   Scientific Management
    (B)   Administrative Management
    (C)   Bureaucratic Management
    (D)   All of above

25   ——————— is not the type of service industry.
    (A)   Entertainment
    (B)   Hospitality
    (C)   Import & Export House
    (D)   None of the above

26   Following are types of banks ———-
    (A)   Commercial banks
    (B)   Regional Banks
    (C)   Cooperative Banks
    (D)   All of the Above

27   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

28   ———— inventory is not a type of inventory.
    (A)   Raw
    (B)   Finished
    (C)   In-process
    (D)   Departmental

29   Continuous Improvement means ———–
    (A)   Kaizen
    (B)   5S
    (C)   Six sigma
    (D)   None of the above

30   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

31   Why plan fails
    (A)   Lack of Knowledge
    (B)   Insufficient data
    (C)   Over confidence
    (D)   All are correct

32   License permit raj in India was in this period
    (A)   1965 – 1990
    (B)   1990 – 2002
    (C)   1965 – 1970
    (D)   1955 – 1965

33   Application of ERP are —–
    (A)   SAP
    (C)   Tally ERP
    (D)   MPR
    (B)   Both A & B

34   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

35   —– 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

36   —–is an unfortunate & sudden miss-happening which causes damage or loss of property, material or human.
    (A)   Accident
    (B)   Activity
    (C)   Process
    (D)   Movement

37   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 ownership.
    (A)   Co-operative
    (B)   Joint stock company
    (C)   Partnership
    (D)   Proprietorship

38   When a group of people are pulled together for a special task then formed structure of organization is called —–organization
    (A)   Project
    (B)   Line
    (C)   Functional
    (D)   Line & staff

39   Departmentation is done on the basis of product, function & —–
    (A)   Working
    (B)   Manufacturing technique
    (C)   Process
    (D)   Methods

40   Senses of responsibility increases due to —–provided by seniors.
    (A)   Authority
    (B)   Responsibility
    (C)   Initiative
    (D)   Leading

41   Similar activities & related people are grouped together to form a
    (A)   Department
    (B)   Organization
    (C)   Span of control
    (D)   Committee

42   Organization establishes a relationship between authority & —– & controls the efforts of group.
    (A)   Authority
    (B)   Responsibility
    (C)   Delegation
    (D)   Controlling

43   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 e. Overconfidence
    (A)   Organizing
    (C)   Directing
    (D)   Planning
    (B)   Motivating

44   common goals of the enterprise is called as —–function of management
    (A)   Organizing
    (B)   Directing
    (C)   Motivation
    (D)   Coordination

45   Middle level management is also called as —–of managers
    (A)   Strategic Level
    (B)   Operational Level
    (C)   Tactical Level
    (D)   Force Level

46   Management works as —–to produce goods using labour, materials and capital
    (A)   Catalyst
    (B)   Activator
    (C)   Convertor
    (D)   Processor

47   —–is a plan that views future production of end product.
    (A)   MPR
    (B)   MPS
    (C)   ERP
    (D)   None of above

48   Work environment clause of ISO 9001:2000 —–
    (A)   Gives guidelines about their development to education, training, skill and experience of personnel involved in work.
    (B)   The organization should identify work environment that ensures conformity of service
    (C)   The organization must plan and develop the processes that are required for product realization
    (D)   All of the above

49   The idea of liberalization in the present phase of globalization deals with
    (A)   Economic aspect
    (B)   Political aspect
    (C)   Technological aspect
    (D)   None of the above

50   One of the following is definitely not a positive aspect of globalization in India
    (A)   Growth of small scale industry
    (B)   Provision of technology
    (C)   Foreign investment
    (D)   Employment opportunities

51   The services provided by Ashoka hotel comes under
    (A)   Primary activity
    (B)   Secondary activity
    (C)   Tertiary activity
    (D)   Manufacturing process

52   The art of getting things done by people is called as
    (A)   Organization
    (B)   Management
    (C)   Direction
    (D)   Staffing

53   Who is recognized as a man who invented management
    (A)   Taylor
    (C)   Elton mayo
    (D)   Mary Follet
    (B)   Peter Drucker

54   The lower level of managers work at
    (A)   Stragetical level
    (B)   Tactical level
    (C)   Operational level
    (D)   At all levels

55   The management of interdependence in work situations is called as
    (A)   Direction
    (B)   Motivation
    (C)   Inspiration
    (D)   Coordination

56   An organization is nothing but
    (A)   Executive function
    (B)   Decision making body
    (C)   Structure of Management
    (D)   The operational aspect of management

57   Functional organizations are based on
    (A)   Superior Subordinate relationship
    (B)   Based on specialization factor
    (C)   Based on authority and responsibility
    (D)   None of the above

58   mechanical department will look after the responsibility in his absence, this is called
    (A)   Sharing of responsibility
    (B)   Delegation
    (C)   Decentralization
    (D)   Authority

59   two of our friends decided to start a garment shop such type of business organization can be called
    (A)   Proprietorship
    (B)   Partnership
    (C)   Joint ownership
    (D)   Cooperative

60   Minimum wages need to be paid in:
    (A)   Cash
    (B)   Demand draft
    (C)   Cheque
    (D)   None of the above

61   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

62   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

63   I want the products of my company to achieve perfect quality, which tool will I apply to check this
    (A)   Six sigma
    (C)   ABC analysis
    (D)   MRP
    (B)   EOQ

64   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

65   Find the odd one out
    (A)   ABC analysis
    (B)   EOQ
    (C)   MRP
    (D)   TQM

66   Which of the following is correctly matched
    (A)   Seiri means sorting and Seition means Set in order
    (B)   Seiri means sorting and seition means standardizing
    (C)   Seiri means weeping and seition means set in order
    (D)   None of the above

67   EOQ does not work if—–order quantity is compulsory.
    (A)   Minimum
    (B)   Maximum
    (C)   Smaller
    (D)   None

68   ———— activity is complicated and takes more time.
    (A)   Purchasing
    (B)   Procurement
    (C)   Both (a) & (b)
    (D)   None of the above

69   Income other than sales are called as ————
    (A)   Indirect income
    (B)   Abnormal losses
    (C)   Sales
    (D)   Selling & distribution

70   Direct tax is an example of ———–
    (A)   Income tax
    (B)   Sales tax
    (C)   Wealth tax
    (D)   All of the above

71   Out of following, —–is not considered as a dependent.
    (A)   Widow
    (B)   Minor son
    (C)   Widow mother
    (D)   Married sister

72   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

73   Lack of training to worker is a cause of accident due to ——–
    (A)   Worker
    (C)   Management
    (D)   Wrong layout of workplace
    (B)   Natural disaster

74   Features of project organization are ————
    (A)   Can be internally formed
    (B)   Temporary in nature
    (C)   Having less no. of
    (D)   All of the above

75   Factor which affects Departmentation are ———–
    (A)   Product
    (B)   Process
    (C)   Function
    (D)   All of the Above

76   ———— means right (to command) and power to act.
    (A)   Authority
    (B)   Responsibility
    (C)   Communication
    (D)   None of the above

77   ———- organization is also called as staff organization.
    (A)   Line
    (B)   Military
    (C)   Scalar
    (D)   Functional

78   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%

79   —–is a detailed list of movable items which are required for manufacturing products and maintaining the equipment and machines in good working order.
    (A)   Inventory
    (B)   Production
    (C)   Purchase
    (D)   None

80   Which are the functions in materials management?
    (A)   Planning
    (B)   Warehousing
    (C)   Storage management
    (D)   All of the above

81   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

82   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

83   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 clause of —–.
    (A)   ISO: 9001
    (C)   Workmen’s Compensation Act
    (D)   Factory Act
    (B)   Minimum Wages Act

84   Identify the diagram, which is an investigative tool of quality control to rearrange possible causes of the problem?
    (A)   Ishikawa diagram
    (B)   Control chart
    (C)   Pareto analysis
    (D)   Check list

85   DMAIC stands for define, measure, analyze, improve and control. It involves defining the problem, measuring where you stand, analyzing where the problem starts, improving 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

86   Indian Industry Started from –
    (A)   1850
    (B)   1947
    (C)   1950
    (D)   None of these

87   I.T. Sectors involves-
    (A)   IT Enabled Services
    (B)   Telecommunications
    (C)   A and B Both
    (D)   None of these

88   An activity which involves handling or directing the affairs of an organization is called as-
    (A)   Administration
    (B)   Management
    (C)   A and B Both
    (D)   None of these

89   Available alternatives to achieve the desired aims and objectives of the business is termed as –
    (A)   Controlling
    (B)   Supervising
    (C)   Directing
    (D)   Decision Making

90   Who is called as Founder and Architect of “Modern Scientific Management”?
    (A)   Fredrick W. Taylor
    (B)   Henry Fayol
    (C)   Robert Owen
    (D)   Robinson Boulton

91   Scientific Management Involves –
    (A)   Market Analysis, Budgetary Control and Stock Control
    (B)   Process & Operation Analysis, Planning & Scheduling
    (C)   Quality & Cost Control, Maintenance Control, labour Incentive & Control
    (D)   All of the above

92   While working as a professional Manager in any modern Industrial Organization, 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

93   Figure shows Modern Thought represented in a schematic way. Fill in the appropriate Terminology at space marked by “?”
    (A)   Principles of Management
    (C)   Functions of Management
    (D)   Management & Administration
    (B)   None of the Above

94   Which of the following is / are the characteristics of Organization?
    (A)   Small or large group of people
    (B)   Group lead by executive
    (C)   Leader responsible to employees
    (D)   All of the above

95   The commonly known forms of organization structures are –
    (A)   Line Organization
    (B)   Line & Staff Organization
    (C)   Functional Organization
    (D)   All of the above

96   Joint stock private limited company is –
    (A)   Managed by Government
    (B)   Not Managed by Government
    (C)   A & B Both
    (D)   None of the Above

97   Balaji Tele-films, Bharat Fertilizers are –
    (A)   Sole proprietorship
    (B)   Public corporations
    (C)   Government companies
    (D)   None of the Above

98   Which of the following is a cause of accident?
    (A)   Improper working
    (B)   Poor quality of illumination
    (C)   Fatigue
    (D)   All of the above

99   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

100   When finance is required for expansion and development of an organization, 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

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