Explore topic-wise MCQs in Business Management.

This section includes 298 Mcqs, each offering curated multiple-choice questions to sharpen your Business Management knowledge and support exam preparation. Choose a topic below to get started.

1.

The greatest barrier to communication lies in

A. Technological limitations
B. Human differences
C. Distance
D. Semantic problem
E. All of the above
Answer» C. Distance
Discussion
2.

Interest is not paid by banks on

A. Fixed deposits
B. Recurring deposit
C. Savings deposits
D. Cash certificates
E. Traveller's cheqe.
Answer» F.
Discussion
3.

Which is not the pair of compliment goods?

A. Tea and mild
B. Sweets and sugars
C. Whiskey and soda
D. Concrete and steel
E. Mustard oil and coconut oil
Answer» F.
Discussion
4.

Which of the following is a free port?

A. Kandla
B. Cochin
C. Calcutta
D. Goa
E. Rs. 17,50,500
Answer» B. Cochin
Discussion
5.

Which of the following wage and salary criteria exerts the greatest influence on industry pay rates?

A. Productivity
B. Ability to pay
C. Cost of living
D. Prevailing pay level
E. Union bargaining power
Answer» E. Union bargaining power
Discussion
6.

Dispatching is

A. determining how much work is to be done by operator
B. instructing an operator to begin work
C. intrupting an operator for correction
D. none of the above
E. None of the above
Answer» C. intrupting an operator for correction
Discussion
7.

For efficient organisation the principle by which management should abide by

A. There should be a clear distribution between line and staff operation and control
B. A clear understanding of authority under each position
C. A well established and known system of communication
D. All of the above
E. None of the above
Answer» E. None of the above
Discussion
8.

Hindustan Copper Limited has main plant in Khetri which is in the state of

A. Rajasthan
B. J & K
C. Haryana
D. Punjab
E. Rs. 17,50,500
Answer» B. J & K
Discussion
9.

Determining manpower requirements and ways of meeting those requirement is the process of

A. Human resource planning
B. Recruitment
C. Selection
D. Human resource auditing
E. Training
Answer» B. Recruitment
Discussion
10.

Lignite based power plant has been established in

A. Bikaner
B. Hazira
C. Rampur
D. Neyveli
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
11.

The elasticity of demand explains the relationship between

A. Income and demand
B. Price and demand
C. Price of substitutes and demand
D. Utility and demand
E. Price of substitutes and utility
Answer» C. Price of substitutes and demand
Discussion
12.

The overall purpose of training, development is to

A. Increase organizational effectiveness
B. Increase profits
C. Prenant works obsolesence
D. Increase managrical effectiveness
E. None of the above
Answer» B. Increase profits
Discussion
13.

Devaluation affects imports by making it

A. costher
B. cheaper
C. competitive
D. prohibitive
E. Rs. 17,50,500
Answer» B. cheaper
Discussion
14.

Micro-hydel systems meet the power requirements of

A. industries only
B. urban residential areas
C. rural areas
D. All of the above
E. Rs. 17,50,500
Answer» D. All of the above
Discussion
15.

Time versus output or wage versus incentive are part of problems involving

A. pay level
B. pay control
C. payment method
D. pay structure
E. Individual pay determination
Answer» D. pay structure
Discussion
16.

Which question would best open up an interview?

A. Do you think you will be successful at this job
B. Give me two reasons why you went into this line of work
C. What do you hope to gain by this transfer?
D. none of the above
E. All of the above
Answer» F.
Discussion
17.

Stock of raw materials held by a firm is known as its

A. fixed capital
B. working capital
C. circulating capital
D. none of the above
E. Rs. 17,50,500
Answer» D. none of the above
Discussion
18.

Which of the following is not the characteristics of human wants?

A. Some wants are complementary
B. Wants differ intensity
C. Wants are limited in number
D. Wants are satisfied for the time being and are, therefore recurrent
E. Rs. 17,50,500
Answer» D. Wants are satisfied for the time being and are, therefore recurrent
Discussion
19.

Which of the following is capital good

A. Cigarettes
B. Medicines in a hospital
C. New print
D. News paper
E. Car for factory manager
Answer» F.
Discussion
20.

Salvaging means

A. Writing off the assets
B. Throwing away the assets
C. Setting the assets
D. Disposing off property which is no longer useful in present situation
E. None of the above
Answer» E. None of the above
Discussion
21.

When supply is fixed, the market price is determined by

A. demand
B. income
C. Cost
D. Profit
E. Rs. 17,50,500
Answer» B. income
Discussion
22.

Communication is defined as

A. Writing, speaking or signating
B. Receiving comprehensible information
C. The process by while thought is transpered to action
D. Transmitting information from one person, place or thing to another person, place or thing
E. All of the above
Answer» E. All of the above
Discussion
23.

During contract negotiations, what two territorial rights are weighed against each other?

A. Employee rights
B. Management rights
C. Government rights
D. (A) and (C)
E. (A) and (B)
Answer» F.
Discussion
24.

Which one is not an economic good

A. Poison
B. Water in desert
C. Sand in river bed
D. Sand in desert
E. Trees in forests
Answer» E. Trees in forests
Discussion
25.

In time study sone variations almost always occur from reading to reading for any element, even if the worker is not attempting to vary his pace. This variation is not caused by the following factors, among others

A. Random variations in operator movements and pace
B. Random variations in the positions of parts worked with
C. Random variations in the position of the tools used
D. Random variations caused by slight errors in watch reading
E. Random variations caused by electricity failures
Answer» F.
Discussion
26.

The main advantage of line organisation is

A. Well defined responsibilities at all levels
B. Effective command and control
C. Rigid discipline
D. Quick decision making at all levels
E. All of the above
Answer» F.
Discussion
27.

Customers are likely to get a variety of goods under

A. Monopoly
B. Perfect competition
C. Oligopoly
D. Monopolistic competition
E. All of the above
Answer» C. Oligopoly
Discussion
28.

People will tend to move out of money and into bonds if they think

A. The rate of interest is going to fall
B. The rate of interest is going to rise
C. The rate of interest is not going to change
D. The price of real goods will rise
E. Free income is going to be taxed by government
Answer» B. The rate of interest is going to rise
Discussion
29.

All of the following are the characteristics of capitalism EXCEPT

A. Right to private property
B. Economic equality
C. Profit motive
D. Right of free enterprise
E. Rs. 17,50,500
Answer» C. Profit motive
Discussion
30.

Which of the following is a necessary characteristic that must be present before an organiszation exists?

A. An objective
B. A collection of resources
C. A combination of people and things
D. A group of people resolving a common objective
E. None of the above
Answer» E. None of the above
Discussion
31.

Which act provides for medical care of workmen?

A. Industrial Disputes Act
B. Workmen's Compensation Act
C. Employees State Insurance Act
D. Employees Provident Fund Act
E. All of the above
Answer» D. Employees Provident Fund Act
Discussion
32.

NREP is the agency associated with

A. rural employment
B. industrial growth
C. adult education
D. removal of economic disparities
E. Rs. 17,50,500
Answer» B. industrial growth
Discussion
33.

The law of demand indicates the relationship between

A. The price of a commodity and the quantity demanded
B. The income of consumer and the quantity demanded
C. The relationship betweent he price of one commodity and the price of a substitute
D. The price of two commodities
E. All of the above
Answer» B. The income of consumer and the quantity demanded
Discussion
34.

The main advantage of indirect taxes is that

A. they are regressive in nature
B. easy to collect
C. arbitrary
D. capable of increased production
E. Rs. 17,50,500
Answer» B. easy to collect
Discussion
35.

Which of the following groups of economists find consumers sovereignty undesirable?

A. Capitalists
B. Socialists
C. Mercantilists
D. Positivists
E. All of the above
Answer» C. Mercantilists
Discussion
36.

Which of the following is levied on goods imported into India?

A. customs duty
B. Excise duty
C. Estate duty
D. Wealth tax
E. Rs. 17,50,500
Answer» B. Excise duty
Discussion
37.

Which of the following is not usually included in list of probable economies of large scale production?

A. Efficient management
B. Specialised labour force
C. Advertising
D. Use of machinery
E. Improved labour relations
Answer» D. Use of machinery
Discussion
38.

India had a plan holiday between

A. 1947 and 1951
B. 1963 and 1966
C. 1966 and 1969
D. 1971 and 1974
E. 1977 and 1980
Answer» E. 1977 and 1980
Discussion
39.

Sinking fuad' is associated with

A. employees welfare
B. mahcine depreciation
C. idle timing
D. indirect labour cost
E. Rs. 17,50,500
Answer» C. idle timing
Discussion
40.

Saving is defined as

A. Accounting difference between current income and consumption
B. Sum of savings made by the different factors
C. Excess of expenditure over available income
D. Amount set aside for meeting unforeseen expenditure
E. None of the above
Answer» B. Sum of savings made by the different factors
Discussion
41.

The state in India which has maximum population is

A. West Bengal
B. Kerala
C. Madhya Pradesh
D. Uttar Pradesh
E. Rajasthan
Answer» D. Uttar Pradesh
Discussion
42.

Which of the following does not represent time utility?

A. Old rice
B. Cold storage
C. Sand in cities
D. All of the above
E. Rs. 17,50,500
Answer» D. All of the above
Discussion
43.

Which of the following is a hard currency?

A. Takka
B. Dinar
C. Yen
D. Rival
E. Rs. 17,50,500
Answer» D. Rival
Discussion
44.

Contribution of a growing production to economic growth consists in what is

A. Adds to consumption
B. Adds to production minus what it takes away from the national product in the form of consumption
C. Adds to saving and investment
D. Adds to reproducible resources
E. None of the above
Answer» C. Adds to saving and investment
Discussion
45.

In linear programming shadow prices are

A. The values assigned to one unit of capacity
B. Maximum cost per item
C. Cost of brought out items
D. Cost of items manufactured in the plant
E. Lowest sales prices
Answer» B. Maximum cost per item
Discussion
46.

The incentive plan which awards bonus to worker on the basis of time save in addition to certain base rate is

A. Halsey plan
B. Rowan plan
C. Emerson plan
D. none of the above
E. None of the above
Answer» B. Rowan plan
Discussion
47.

A product layout is generally suggested for

A. Jobbing work
B. Batch production
C. Continuous type of production
D. Efficient machine utilization ratio
E. None of the above
Answer» D. Efficient machine utilization ratio
Discussion
48.

The information used to evaluate how successful a manager is in achieving planned objectives in included

A. Profit plan or budgets
B. Financial statements
C. Proforma statements
D. Performance reports
E. None of the above
Answer» E. None of the above
Discussion
49.

The variance of a statistical distribution indicates

A. The average value of the distribution
B. The spread of the distribution
C. The value of the variate with the largest frequency
D. The difference between the extreme values in the distribution
E. None of the above
Answer» C. The value of the variate with the largest frequency
Discussion
50.

The wage rate of brick layers is likely to rise due to

A. A depression in building industry
B. An increase in the demand for houses
C. The development of cheap industrial building process
D. A decrease in productivity of bricklayer
E. None of the above
Answer» C. The development of cheap industrial building process
Discussion