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.

101.

The price which covers the variable cost as well as the fixed price is

A. Market price
B. Long run price
C. Short term price
D. Equilibrium price
E. Economic price
Answer» C. Short term price
Discussion
102.

Windfall profits accrue due to

A. professional management
B. use of ultra modern machinery
C. reduced cost of inputs
D. unexpected circumstances
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
103.

Which of the following is an example of non-economic goods?

A. A packet of cigarette
B. Sand in desert
C. Plastic scrap
D. An empty bottle of whickey
E. Rs. 17,50,500
Answer» C. Plastic scrap
Discussion
104.

The approximate annual rate of growth of population in India is

A. 1 to 2.5 percent
B. 5 to 7.5 percent
C. 8 to 10 pervent
D. 10 to 12 percent
E. 12.5 to 15 percent
Answer» B. 5 to 7.5 percent
Discussion
105.

Which of the following state has concentration of textile industries?

A. UP
B. Orissa
C. Gujrat
D. Kerala
E. Rs. 17,50,500
Answer» D. Kerala
Discussion
106.

By the end of this century the target for nuclear power production is

A. 1000 MW
B. 5000 MW
C. 10,000 MW
D. 100,000 MW.
E. Rs. 17,50,500
Answer» D. 100,000 MW.
Discussion
107.

Sellers reserve price means

A. The seller refuses to sell the product till the minimum price (covering the cost of production) is offered
B. Seller refuses to sell the product at any price
C. Seller demands the price for whole of his product
D. A price which includes economic profits
E. A price determined for a batch of production
Answer» B. Seller refuses to sell the product at any price
Discussion
108.

Which of the following will not happen if trade union forces up the wage bill?

A. Other things remaining the same firms profit will fall
B. More men will be employed because the higher wages attract them
C. Prices of the product will soon rise
D. Employers will substitute machines for men where possible
E. Fewer men will be employed
Answer» C. Prices of the product will soon rise
Discussion
109.

Which of the following groups of income receivers would benefit from deflation?

A. Salary earners
B. Debtors
C. Holders of ordinary shares
D. Preference share holders
E. Improved labour relations
Answer» B. Debtors
Discussion
110.

Which of the following is not classified as consumer goods?

A. Clothes
B. Furniture
C. Lubricants
D. Machines
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
111.

Various activities of project are shown on a bar chart by

A. Vertical line
B. Horizontal lines
C. Area of columns
D. Dotted lines
E. Cross marks
Answer» C. Area of columns
Discussion
112.

For interpretation of Standing orders the workman can refer to

A. Shop supervisor
B. Management
C. Trade union
D. Labour court
E. None of the above
Answer» E. None of the above
Discussion
113.

Standing orders contain

A. History of management of a factory
B. Names of directors of company
C. List of important officers of a company
D. Serve conditions, leave, discipline rules etc., for officers
E. Service conditions, leave, discipline rules etc., for workers
Answer» F.
Discussion
114.

The conditions to be fullfilled before the Standing orders are certified are

A. They Standing orders should provide for every matter set out in the schedule which is applicable to the Industrial establishment
B. The Standing orders should be in conformity with the provisions of the Act
C. The certifying officers or the Appellate authority shall before certifying the Standing orders adjusdicate upon the fairness or reasonableness of the provisions of any Standing orders
D. (A) and (B) above
E. (A), (B) and (C) above
Answer» F.
Discussion
115.

Time study is not used

A. To determine overhead expenses
B. To provide a basis for setting piece prices or incentive wages
C. To determined standard costs
D. To determine the number of machines a person may run
E. To compare alternative method
Answer» B. To provide a basis for setting piece prices or incentive wages
Discussion
116.

Equilibrium exists between

A. Buyers and sellers
B. Supply and demand
C. Price and quality
D. Quantity and quantity
E. All of the above
Answer» F.
Discussion
117.

Standing orders are applicable to

A. All industries
B. All engineering industries
C. Only major industries
D. All industries employing more than 500 workers
E. All industries employing more than 100 workers
Answer» F.
Discussion
118.

Which of the following is not a feature of developed economy?

A. Predominance of industries
B. High per capita income
C. Predominance of indirect taxes
D. High rate of capital formation
E. Rs. 17,50,500
Answer» D. High rate of capital formation
Discussion
119.

In order to promote sales a company spends considerable amount on publicity by way of campaign on radio, TV, advertisement in papers etc. Such expenses in break even analysis are shown under

A. Fixed cost
B. Variable costs
C. Total costs line
D. Total sales line
E. Not shown in break even chart
Answer» C. Total costs line
Discussion
120.

An industrial dispute is a dispute, disagreement or difference between

A. Management and government
B. Management and workers
C. Workers and workers
D. Trade unions and trade unions
E. (A), (C) and (D) only
Answer» F.
Discussion
121.

MRO inventories are

A. Machine repairs or Operation supplies
B. Money on repairs
C. Maintenance repair and Operation supplies
D. Mainly repair operations supplies
E. None of the above
Answer» D. Mainly repair operations supplies
Discussion
122.

Which of the following place is not associated with steel plant?

A. Salem
B. Visakhapatnam
C. Bhadravati
D. Udaipur
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
123.

In work study the symbol D implies

A. Delay
B. Transport
C. Operation
D. Inspection
E. Temporary storage
Answer» B. Transport
Discussion
124.

Essential feature of deflation is

A. Fall in prices
B. Fall in exports
C. Rise in production
D. All of the above
E. None of the above
Answer» B. Fall in exports
Discussion
125.

Which of the following item enjoys governemtn subsidy?

A. Fertiliser
B. Petroleum
C. Cooking gas
D. Cloth
E. Rs. 17,50,500
Answer» B. Petroleum
Discussion
126.

Division of labour is helpful in

A. batch production
B. mass production
C. quality assurance
D. bulky goods
E. Rs. 17,50,500
Answer» C. quality assurance
Discussion
127.

Which of the following is not a financing institution?

A. IFCI
B. IDBI
C. FCI
D. IRCI
E. Rs. 17,50,500
Answer» D. IRCI
Discussion
128.

The most frequent form of occupational disease is produced by

A. Skin irritants
B. Noise
C. Contamination
D. Radiation
E. Job specification
Answer» B. Noise
Discussion
129.

A captive power plant is

A. established by a industry to meet its own requirements
B. an emergency power plant for peak load
C. a power plant operated in case of emergency only
D. one which directly drives the machine without producing electrical energy
E. Rs. 17,50,500
Answer» B. an emergency power plant for peak load
Discussion
130.

Assuming the statistical information is available, which of the following is the best measure of an increase in a country's economic efficiency?

A. Increase in real national income
B. Increase in real national income per head of the working population
C. Increase in net annual investment
D. Increase net annual private investment
E. Increase in transactions involving transfer of money
Answer» C. Increase in net annual investment
Discussion
131.

The imposition of a tariff by country A on imports from country B

A. Always benefits A
B. Always benefits B
C. May benefit A, if B does not retaliate
D. Could benefit both countries provided B retaliates
E. Depends on the shape of reciprocal demands
Answer» F.
Discussion
132.

In a field you see ten workers harvesting raice with bare hands. The reapers are not unemployed. Then this is a case of

A. Under production
B. Lack of skill
C. Labour intensive production
D. Bonded labour system
E. Disguised unemployment
Answer» F.
Discussion
133.

Which of the following is not wealth?

A. Office building
B. Goodwill of a firm
C. Services of a consultant
D. Water in sea
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
134.

A worker's real wages are determined by

A. The average daily wage
B. The purchasing power of his earnings
C. The money value of his production
D. The actual amount paid in lieu of work done
E. Any of the above
Answer» D. The actual amount paid in lieu of work done
Discussion
135.

Systematic evaluation of workers job performance and potential for cevelopment is called

A. Production
B. Human resource auditing
C. Appraisal
D. Training and development
E. None of the above
Answer» D. Training and development
Discussion
136.

For an organisation those costs which do not, increase as output increases, are known as

A. Fixed costs
B. Variable costs
C. Total costs
D. Average fixed costs
E. Average total costs
Answer» B. Variable costs
Discussion
137.

Rourkela steel plant has been established in collaboration with

A. UK
B. Germany
C. USSR
D. USA
E. Rs. 17,50,500
Answer» C. USSR
Discussion
138.

Which of the following is not ensured in a socialistic system of economy?

A. Economic equality
B. Economic stability
C. Private initiative
D. Best optimum use of available resources
E. Rs. 17,50,500
Answer» D. Best optimum use of available resources
Discussion
139.

Which is the most commonly used job evaluation system

A. Factor
B. Renting
C. Point
D. Grade description
E. None of the above
Answer» D. Grade description
Discussion
140.

A synthetic process is one that

A. Combines several different ingredients or assembles numerous component parts to manufacture a product
B. Starts with basic raw materials and breaks it down into various constituent products
C. Is characterized by an uninterupted flow of operations from raw materials to end product
D. Involves operations which are repeated in the same way
E. Involves non-repetitive operations
Answer» B. Starts with basic raw materials and breaks it down into various constituent products
Discussion
141.

Market demand for any good is a function of the

A. Price per unit of the good
B. Price per unit of other goods
C. Incomes of consumers
D. Tastes of consumers
E. All of the above
Answer» F.
Discussion
142.

Bin cards are used in

A. Machine loading
B. Accounts
C. Stores
D. Quality control
E. Preventive maintenance
Answer» D. Quality control
Discussion
143.

Shares can be purchased and sold in

A. nationalised banks
B. financial corporations
C. stock exchanges
D. non-nationalised banks
E. Rs. 17,50,500
Answer» D. non-nationalised banks
Discussion
144.

Which one of the following will not affect the efficiency of labour?

A. Education and training
B. Better working conditions
C. Higher prices for final products
D. Improved medical service
E. All of the above
Answer» E. All of the above
Discussion
145.

In work study the symbol => implies

A. Delay
B. Transport
C. Operation
D. Inspection
E. Temporary storage
Answer» C. Operation
Discussion
146.

Which of the following tax is separately imposed by central as well as state governments?

A. Entertainment tax
B. Sales tax
C. Income tax
D. Import duty
E. Rs. 17,50,500
Answer» C. Income tax
Discussion
147.

As a result of heavy taxes on a commodity its supply

A. increases
B. decreases
C. remains unaffected
D. Rs. 17,50,500
Answer» C. remains unaffected
Discussion
148.

Devaluation is resorted to

A. Belittle foreign currencies
B. Encourage exports
C. Give more value to home currency
D. Tide over post war difficulties
E. All of the above
Answer» B. Encourage exports
Discussion
149.

Which of the following is not normally classified as a "payment for time not worked"?

A. Pension
B. Severance pay
C. Sick leave
D. Duty time
E. Special leave
Answer» B. Severance pay
Discussion
150.

Saving is that portion of income that is

A. spent on luxuries
B. not spent on consumption
C. retained by the employer
D. none of the above
E. Rs. 17,50,500
Answer» C. retained by the employer
Discussion