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.

151.

The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was

A. 6.25 million
B. 6.75 million
C. 7.25 million
D. 7.75 million
E. Rs. 17,50,500
Answer» D. 7.75 million
Discussion
152.

If the electric supply is not available in a factory the workers will show it as

A. Delay
B. Deliberate delay
C. Avoidable delay
D. Unavoidable delay
E. None of the above
Answer» E. None of the above
Discussion
153.

Law of demand correlates

A. quality and quantity
B. quality and price
C. quantity and price
D. price and profit
E. Rs. 17,50,500
Answer» D. price and profit
Discussion
154.

Under progressive tax

A. the tax rate goes on increasing with an increase in the level of income
B. the tax rate is constant
C. the tax rate goes on decreasing with an increase in the level of income
D. the tax rate is inversely proportional to the net income
E. Rs. 17,50,500
Answer» B. the tax rate is constant
Discussion
155.

Scheduling is the determination of

A. When and at what rate the products will be put out and the relative times at which specific activities shall occur
B. Actual production, how work is to be processed and what machines are to be used
C. Putting right jobs on right machines and at right times
D. Capacity of machines to do the job
E. None of the above
Answer» B. Actual production, how work is to be processed and what machines are to be used
Discussion
156.

The demand for luxuries is

A. constant
B. elastic
C. inelastic
D. fixed
E. Rs. 17,50,500
Answer» C. inelastic
Discussion
157.

Which one is not a component of process?

A. Operation
B. Inspection
C. Storage
D. Disassemble
E. Quality section
Answer» E. Quality section
Discussion
158.

Standing orders are certified by

A. Management
B. Workers
C. Workers union
D. Management and workers union
E. Certifying officer of government
Answer» F.
Discussion
159.

Process planning consists of

A. specifying product details
B. specifying quality standards
C. specifying details of work
D. none of the above
E. None of the above
Answer» D. none of the above
Discussion
160.

Safety guards on machines should be

A. always in position
B. Put in position while using machine
C. Used if operator desires
D. Never used
E. Used if time permits
Answer» B. Put in position while using machine
Discussion
161.

Planning and control departments normally do not consist of

A. Planning cell
B. Control cell
C. Inventory section
D. Printing section
E. Quality section
Answer» E. Quality section
Discussion
162.

The price of diamonds is higher than the price of wheat because

A. Diamonds are much heavier than wheat
B. Diamonds are more useful than wheat
C. The total stock of diamonds is more useful than the total stock of wheat
D. Diamonds cannot be grown whereas wheat can be grown
E. Enough people have a higher subjective value of diamonds relative to wheat
Answer» F.
Discussion
163.

The best source of revenue for States in India is

A. Sales tax
B. Customs duty
C. Income from lotteries
D. Excise duty
E. Entertainment tax
Answer» B. Customs duty
Discussion
164.

How an executive interprets facts and events in accordance with beliefs and assumptions is best described by his

A. Administrative acuman
B. Managerial philosphy
C. Executive profile
D. Leadership style
E. None of the above
Answer» C. Executive profile
Discussion
165.

Public goods are different from private goods because

A. The government produces public goods, while private goods are produced by private persons
B. Public goods are preferred to private goods
C. The amount consumed by one does not affect the amount available for others
D. Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens
E. All of the above
Answer» E. All of the above
Discussion
166.

The shareholders have limited liability in case of a

A. cooperative
B. partnership firm
C. public limited company
D. All of the above
E. Rs. 17,50,500
Answer» D. All of the above
Discussion
167.

The sign of a country's development is

A. More and more industries
B. Higher standard of living
C. Higher per capita income
D. More means of transport
E. All of the above
Answer» D. More means of transport
Discussion
168.

Statistics show that the vast majority of all accidents result from

A. Technical causes
B. Human causes
C. Environmental causes
D. A combination of human, technical and environmental causes
E. None of the above
Answer» E. None of the above
Discussion
169.

Motion study is not used for

A. Improving a work method by locating deficiencies
B. Improving a work method by assisting in adjusting the pattern of inter-relationships
C. Designing a work method through logical analysis and synthesis
D. Providing a schematic framework for organizing knowledge about the inter-relationships
E. Reducing inventory costs
Answer» F.
Discussion
170.

The financial position of a company is considered to be sound if

A. Sufficient funds are available under reserve and surplus
B. Company has declared good dividends in the past
C. Sales are increasing
D. Gross profit is reasonable
E. The company has no loans outstanding
Answer» B. Company has declared good dividends in the past
Discussion
171.

Standing orders act provides for penalties for

A. Failure of an employer to submit the draft standing orders for certification
B. Modifications of standing orders not in accordance with the prescribed procedure
C. Doing any act in contravention of the certified above
D. (A) and (B) above
E. (A), (B) and (C) above
Answer» F.
Discussion
172.

M.T.M. helps in

A. Establishing time standards
B. Estimating cost
C. Improving existing methods
D. Developing methods before the starting of production
E. All of the above
Answer» F.
Discussion
173.

A bonus plan in which allowance is determined in terms of time for each unit of output instead of money is

A. hour-for-hour plan
B. group plan
C. Beedaux plan
D. none of the above
E. None of the above
Answer» B. group plan
Discussion
174.

Barter system can work successfully when

A. people are fully educated
B. society is developed
C. wants are limited
D. demand is equal to supply
E. Rs. 17,50,500
Answer» D. demand is equal to supply
Discussion
175.

Indian Railways are a

A. joint sector undertaking
B. public sector undertaking
C. departmental operation
D. private sector undertaking
E. Rs. 17,50,500
Answer» D. private sector undertaking
Discussion
176.

The disadvantage of process layout system is

A. The initial investment is high
B. Machine failures and job difficulties seriously disrupt production schedules
C. The scope of production facilities is limited
D. Production time is longer, requiring more goods in process
E. High initial investment is required
Answer» E. High initial investment is required
Discussion
177.

Job enrichment means

A. Paying more for entry level jobs
B. providing further training in job skills
C. adding more tasks at the same level
D. adding some planning and control to a job
E. None of the above
Answer» E. None of the above
Discussion
178.

Improving the work force overtime is the aim of

A. Recruitment
B. Selection
C. Human resource planning
D. Placement
E. Human resource auditing
Answer» F.
Discussion
179.

Capital expenditure means

A. Expenses incurred in capital
B. Main expenditure
C. Recurring expenditure
D. Expenditure on procurement of fixed assets
E. None of the above
Answer» E. None of the above
Discussion
180.

The size of the market for a product means

A. The number of people in a particular area
B. The geographical area saved by the producers
C. The number of sales of the product recorded annually
D. The number of potential buyers of the product
E. The volume of potential sales of the product
Answer» F.
Discussion
181.

Through routing the engineers decide in advance

A. The flow of material in the plant
B. The ways and means for proper utilization of manpower
C. The ways and means for proper utilization of machines
D. Inspection of final products
E. Normal route of workers through the plant
Answer» B. The ways and means for proper utilization of manpower
Discussion
182.

The political party to which Hind Mazdoor Sabah is affiliated is

A. Janata Party
B. Bhartia Janata Party
C. Congress (I)
D. Socialist Party
E. Communist Party
Answer» E. Communist Party
Discussion
183.

The 'free' good is so called because

A. No charge is made to the consumer
B. It is supplied freely by a public authority
C. The supply is adequate to meet all needs without rationing
D. There is an unlimited supply
E. None body wants it.
Answer» F.
Discussion
184.

The largest source of revenue for state governments is generally

A. Entertainment tax
B. Sales tax
C. Land revenue
D. Excise duty
E. Rs. 17,50,500
Answer» C. Land revenue
Discussion
185.

Demand for a commodity is elastic when

A. Change in price causes greater change in its demand
B. Change in price does not change its demand
C. Change in National income causes change in demand
D. Any of the above
E. None of the above
Answer» B. Change in price does not change its demand
Discussion
186.

A public sector undertaking

A. Is fully owned by public through shareholders
B. Is jointly owned by private parties
C. Is jointly owned by private partics and Government
D. Is fully owned by Government
E. None of the above
Answer» E. None of the above
Discussion
187.

Nationalization means

A. Taking over, by the government, of existing privately run concerns
B. Establishing new enterprises as state run concerns
C. Putting the day-to-day control of firms in the hands of Parliament
D. Instituting worker in control of an industry
E. The state assuming control of an industry to secure greater efficiency
Answer» B. Establishing new enterprises as state run concerns
Discussion
188.

A fall in demand for the product of a monopolised industry when predicted with lead to

A. A fall in price
B. A decrease in number of firms in the long run
C. A decrease in the output of each firms
D. All of the above
E. None of the above
Answer» E. None of the above
Discussion
189.

The major cause of unemployment in India is

A. under development
B. inadequate employment planning
C. rapid population growth
D. All of the above
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
190.

Differences in rates of interest charged from different customers arise due to

A. Differences in risks
B. Differences in use of money
C. Differences in productivity
D. All of the above
E. None of the above
Answer» D. All of the above
Discussion
191.

Retention of cost competitiveness is the function of

A. methods engineering
B. finance department
C. production planning and control
D. none of the above
E. None of the above
Answer» D. none of the above
Discussion
192.

If you want to use a red pen but mass production of only blue pens is undertaken, your inability to exercise your sovereignty is because of

A. Limited income
B. Standardized production
C. Weather conditions
D. State control
E. Poor demand
Answer» C. Weather conditions
Discussion
193.

Which of the following contributes to indirect cost?

A. Training of workers
B. Overtime payment to workers
C. Depreciation of machinery
D. Cost of material
E. Rs. 17,50,500
Answer» B. Overtime payment to workers
Discussion
194.

Indirect financial and non-financial forms of compensation are called

A. Salaries
B. Services
C. Benefits
D. none of the above
E. All of the above
Answer» D. none of the above
Discussion
195.

Who proposed that all human efforts can be measured in terms of a common unit partly composed of actual work and partly of compensating relaxation?

A. Emerion
B. Taylor
C. Gantt
D. Bedaux
E. None of the above
Answer» E. None of the above
Discussion
196.

Which of the following is not an advantage of large scale production?

A. Cheap production
B. Latest use at technology
C. Full opportunities for exhibition of creative art
D. All of the above
E. None of the above
Answer» D. All of the above
Discussion
197.

During contract negotiations what two rights are weighed against each other

A. Employes rights
B. Management right
C. Government right
D. A and B
E. B and C
Answer» E. B and C
Discussion
198.

In retractional flow system in plant layout

A. Material is transferred from one machine to another without having to move again along the same path
B. The flow is repeated for completing non-consecutive operations
C. Materials fed at one end and components leave at the other end
D. The feeding to and ejection from the line is at the same end
E. The flow of material is in zig-zag path
Answer» C. Materials fed at one end and components leave at the other end
Discussion
199.

Which of the following is the characteristic of national income distribution of India?

A. Great income inequalities
B. Inequality in sharing consumption
C. Regional disparities in growth and development
D. All of the above
E. Rs. 17,50,500
Answer» E. Rs. 17,50,500
Discussion
200.

Emerson plan awards bonus based on time

A. which is standard
B. Saved
C. worked
D. none of the above
E. None of the above
Answer» D. none of the above
Discussion