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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 4

Questions
1 Timely and adequate assistance and rehabilitation efforts to MSEs should begin on a proactive basis when early signs of sickness are detected. This stage is termed as :
1 Supporting Stage
2 Handholding Stage
3 Sustaining Stage
4 Recovery Stage

Answer:Handholding Stage
2 Which one among the following is not a factor external to an entrepreneur ?
1 Machinery on hire purchase
2 Accommodation in industrial estates
3 Financial assistance from non-government sources
4 Business experience in the same or related line

Answer:Business experience in the same or related line
3 Assertion (A) : When an industrial unit falls sick, those who depend on it have to face an uncertain future.

Reasoning (R) : The sick units continue to operate below the break-even point and are, thus, forced to depend on external sources for funds of their long-term survival.

Code :
1 (A) and (R) both are correct ; and (R) is the right explanation of (A).
2 Both (A) and (R) are correct ; but (R) is not the right explanation of (A).
3 Both (A) and (R) are incorrect.
4 (A) is correct but (R) is incorrect.

Answer:Both (A) and (R) are correct ; but (R) is not the right explanation of (A).
4 Individuals who are the founders of the business and conceptualize a business plan by putting efforts to make the plan a success are known as :
1 Quasi entrepreneurs
2 Bold entrepreneurs
3 Pure entrepreneurs
4 Owner-manager

Answer:Pure entrepreneurs
5 In which one of the following years, the Government of India did not bring an Industrial Policy Resolution ?
1 1948
2 1956
3 1965
4 1977

Answer:1965
6 Who among the following bridges the gap between inventors and managers ?
1 Investor
2 Entrepreneur
3 Industrialist
4 Intrapreneur

Answer:Intrapreneur
7 Which one among the following is not a true statement ?
1 Accountability and transparency is not visible in less developed countries.
2 A disciplined and controlled corporate governance can considerably reduce financial turmoil.
3 A good corporate citizenship is a sort of national pride.
4 A good corporate governance can considerably reduce corporate frauds.

Answer: Accountability and transparency is not visible in less developed countries.
8 Ethics are moral principles and values which :
1 are legally enforceable
2 guide a firm’s behaviour
3 provide employees with rules on how to behave
4 govern the actions of an individual

Answer:govern the actions of an individual
9 Statement (I) : According to Plato, a capitalist system is unjust because of many reasons including distributive injustice.

Statement (II) : Capitalism leads to alienation of workers.

Code :
1 Statement (I) is correct but (II) is incorrect.
2 Statement (II) is correct but (I) is incorrect.
3 Both the Statements (I) and (II) are incorrect.
4 Both the Statements (I) and (II) are correct.

Answer:Statement (II) is correct but (I) is incorrect.
10 The “Polluters must pay” principle is commonly accepted practice that those who produce pollution should bear the cost of managing it to prevent damage to human health or the environment. This principle was adopted in :
1 1996 Manila Declaration
2 2002 Kyoto Declaration
3 1992 Rio Declaration
4 2007 Paris Declaration

Answer:1992 Rio Declaration
11 Statement (I) : For the improvement in the corporate governance, the Department of Company Affairs (DCA) proposed a code of behaviour for the public sector companies in the year 1998.

Statement (II) : The Clause 49 of SEBI was amended on August 2001, which had made it mandatory for every public company listed on Indian stock exchanges to sign it.

Code :
1 Statement (I) is correct but (II) is incorrect.
2 Statement (II) is correct but (I) is incorrect
3 Both the Statements (I) and (II) are correct
4 Both the Statements (I) and (II) are incorrect.

Answer: Both the Statements (I) and (II) are incorrect.
12 Who among the following has not given a model on Corporate Social Responsibility (CSR) ?
1 Walker
2 Friedman
3 Ackerman
4 Carroll

Answer:Walker
13 The following statements relate to Badli workman. Indicate the correct code.

Statement (I) : A ‘Badli Workman’ is employed in an industrial establishment in place of another workman whose name is borne on muster rolls of the establishment.

Statement (II) : A ‘Badli workman’ ceases to be regarded as such if he has completed three month’s service in the establishment.

Code :
1 Statement (I) is right, (II) is wrong
2 Statement (I) is wrong, (II) is right
3 Both the statements are right.
4 Both the statements are wrong.

Answer:Statement (I) is right, (II) is wrong
14 Co-determination is used for :
1 Collective bargaining
2 Industrial democracy
3 Industrial action
4 Union leadership

Answer:Industrial democracy
15 Statement (I) : Employee leasing is a contractual arrangement in which the leasing company is called Professional Employer Organisation (PEO).

Statement (II) : In employee leasing contract, the leasing company provides employees for nonspecialised areas of work.

Code :
1 Statement (I) is correct but (II) is incorrect.
2 Statement (I) is incorrect but (II) is correct.
3 Both the statements are correct.
4 Both the statements are incorrect.

Answer:Statement (I) is correct but (II) is incorrect.

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