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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 44

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Free Download as PDF Management Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) Which one of the following is the correct expression for the Fisher equation, where n = the annual nominal interest rate r = the annual real interest rate P = the expected annual inflation rate
(1) (1 + n) = (1 + r) (1 + P)
(2) (1 + r) = (1 + P) (1 + n)
(3) (1 + P) = (1 + n) (1 + r)
(4) (1 – r)2 = (1 + P) (1 + n)
Answer: (1 + n) = (1 + r) (1 + P)
(2) Your firm is selling 1,000 units at a price of ` 10 per unit. The firm’s total explicit cost is ` 8,000. The firm’s implicit cost is ` 1,000 and the opportunity cost of your time in managing the firm is ` 1,000. In the above situation, which one of the following is true ?
(1) Accounting profit is 0.
(2) Economic profit is less than the accounting profit
(3) Marginal cost is ` 1,000
(4) Economic profit is ` 1,000
Answer: Broad differentiation

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(3) Today, mobile phones have many features such as camera, GPS, Internet, music and video recording. This is an example of
(1) Convertibility of Industries
(2) Combination of Industries
(3) Competition among Industries
(4) Convergence of Industries
Answer: Convergence of Industries
(4) An organisation that is downsizing to reduce cost is implementing a strategy of
(1) Growth
(2) Focus
(3) Renewal
(4) Stability
Answer: Renewal
(5) Which of the following best describes the financial crisis of 2008 ?
(1) Liberal availability of mortgages
(2) Poor standard of lending to buy houses.
(3) An increase in asymmetric information, severe adverse selection and moral hazards in financial markets.
(4) All of the above
Answer: All of the above
(6) In _________ grapevine, a person transmits the information to a few selected people and some of them pass it on to select others.
(1) Cluster
(2) Gossip
(3) Probability
(4) ‘Single-strand chain’
Answer: Cluster
(7) Which stage of the conflict process entails ‘Perceived conflict’ and ‘Felt conflict’ ?
(1) Cognition and personalisation
(2) Intensions
(3) Behaviour
(4) Outcomes
Answer: Cognition and personalisation
(8) Sensitivity training, an important OD technique, is also known as
(1) Core group training
(2) T-groups
(3) X-group training
(4) Y-group trainings
Answer: T-groups
(9) Indicate the correct statement / statements from among the ones given below :

(i) The burden of proof of misconduct lies on the defendant.

(ii) The chargesheeted worker is entitled to examine the evidence of management.

(iii) For a grave misconduct, an employee can be punished twice.

(iv) The chargesheeted worker has a right to present such witnesses one whom he/she has faith.

Codes :
(1) (i) and (iii) are correct
(2) (ii) and (iii) are correct
(3) (i) and (iv) are correct
(4) (ii) and (iv) are correct
Answer: (ii) and (iv) are correct
(10) Which of the following is not an effective source of recruitment for a middle-level managerial position ?
(1) Company website
(2) In-campus interview
(3) ‘Head hunters’
(4) Newspapers
Answer: In-campus interview
(11) Which of the following is not a responsibility of the mentor ?
(1) Enabling promotion
(2) Enabling skill development
(3) Building confidence
(4) Being a role model for the Mentee
Answer: Enabling promotion
(12) Which of the following is not an individual method of performance appraisal ?
(1) 360-degree appraisal
(2) Management By Objective (MBO)
(3) Behaviourally Anchored Rating Scale (BARS)
(4) Checklist method
Answer: 360-degree appraisal
(13) Choose the correct statements :

(a) Job-evaluation is used to determine compensation

(b) Job-induction is not a type of training

(c) Job-enrichment is referred to as vertical job loading

(d) Job-enlargement is referred to as vertical job loading

(1) (a) and (d) are true.
(2) (b) and (d) are true.
(3) (c) and (a) are true.
(4) (c) and (d) are true.
Answer: (c) and (a) are true.
(14) Which of the following is an example of ‘Meta-Competency’ ?
(1) Empowering the employees
(2) Managing work performance
(3) Leading others
(4) Fostering Diversity
Answer: Leading others
(15) The Constitution of India provides for Worker’s Participation in Management under which article ?
(1) Article 38
(2) Article 43
(3) Article 39
(4) Article 47
Answer: Article 43

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