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2. Business Studies (17 May 2024 - Shift 2A)
Q. No. Question Options Correct Answer
1
Taylor's principle regarding scientific inquiry vs rule of thumb.
A. Science, not rule of thumb
B. Harmony not discord
C. Cooperation
D. Max efficiency
A
2
Match Management Principles (List-I) with Descriptions (List-II).
A. (A)-I, (B)-II, (C)-III, (D)-IV
B. (A)-I, (B)-III, (C)-II, (D)-IV
C. (A)-I, (B)-II, (C)-IV, (D)-III
D. (A)-III, (B)-IV, (C)-I, (D)-II
D
3
Taylor's technique to reduce product lines to fixed types/sizes.
A. Method study
B. Time study
C. Standardisation
D. Functional foremanship
C
4
Match Principles (List-I) with Terms (List-II).
A. (A)-I, (B)-II, (C)-III, (D)-IV
B. (A)-I, (B)-III, (C)-II, (D)-IV
C. (A)-I, (B)-II, (C)-IV, (D)-III
D. (A)-III, (B)-IV, (C)-I, (D)-II
C
5
Dimension of environment including "Online Booking of Air Tickets".
A. Legal
B. Economic
C. Technological
D. Social
C
6
Example of economic environment factor.
A. Money supply
B. Constitution
C. Life expectancy
D. Population shifts
A
7
Example of legal environment factor.
A. Death/Birth Ratio
B. Trade Union Act
C. Political System
D. Public Debt
B
8
Feature NOT characterising business environment.
A. Inter-related
B. External forces
C. Market orientation
D. Relativity
C
9
Sequence of steps under the Planning function.
A. A, B, C, D
B. A, C, B, D
C. B, A, D, C
D. C, B, D, A
B
10
Sequence of Selection process steps.
A. A, B, C, D
B. A, C, B, D
C. B, A, D, C
D. C, B, D, A
D
11
Training method involving cooperative programme between institutions and firms.
A. Vestibule
B. Apprenticeship
C. Internship
D. Job rotation
C
12
Match Concepts (List-I) with Terms (List-II).
A. (A)-I, (B)-II, (C)-III, (D)-IV
B. (A)-I, (B)-III, (C)-II, (D)-IV
C. (A)-I, (B)-II, (C)-IV, (D)-III
D. (A)-III, (B)-IV, (C)-I, (D)-II
C
13
Process of inducing subordinates to achieve goals.
A. Motivation
B. Supervision
C. Leadership
D. Communication
A
14
Sequence of Maslow's Need Hierarchy.
A. A, B, C, D
B. A, C, B, D
C. B, A, D, C
D. C, B, D, A
C
15
Process influencing behavior to strive voluntarily towards goals.
A. Motivation
B. Supervision
C. Leadership
D. Communication
C
16
Option NOT being a limitation of Controlling.
A. Costly
B. Resistance
C. Ensure order
D. External factors
C
17
Correct sequence of Controlling process.
A. A, B, C, D
B. A, C, B, D
C. B, A, D, C
D. C, B, D, A
D
18
Concept pointing out that small increases in key costs are more troublesome.
A. Deviation
B. Critical point control
C. Break-even
D. CPM
B
19
Function allowing quick sale of financial assets.
A. Reduce cost
B. Provide liquidity
C. Price discovery
D. Mobilisation
B
20
Redressal body to appeal against District Commission order.
+1
A. District
B. State
C. National
D. Local Court
A
21
Importance of consumer protection as a group of stakeholders.
A. Moral
B. Resources
C. Social responsibility
D. Long-term interest
C
22
Right freedom to access variety of products at competitive prices.
A. Safety
B. Seek Redressal
C. Right to be Assured
D. Education
C
23
Method of floatation selling securities en bloc to broker.
A. Rights issue
B. Offer for sale
C. e-IPOs
D. Prospectus
B
24
Match Terms (List-I) with Definitions (List-II) for authority/accountability.
A. (A)-I, (B)-II, (C)-III, (D)-IV
B. (A)-I, (B)-III, (C)-II, (D)-IV
C. (A)-I, (B)-II, (C)-IV, (D)-III
D. (A)-III, (B)-IV, (C)-I, (D)-II
D
25
Sequence of Organising function steps.
A. A, B, C, D
B. A, C, B, D
C. B, A, D, C
D. C, B, D, A
D
26
Features characterizing a Formal Organisation.
+1
A. (A), (B), (D)
B. (A), (B), (C)
C. (A), (B), (C), (D)
D. (B), (C), (D)
A
27
Benefits offered by an Informal Organisation.
+1
A. (A), (B), (D)
B. (A), (B), (C)
C. (A), (B), (C), (D)
D. (B), (C), (D)
B
28
Sequence of trading & settlement procedure steps.
A. (A), (B), (C), (D)
B. (A), (C), (B), (D)
C. (B), (A), (D), (C)
D. (C), (B), (D), (A)
A
29
Market where existing securities are bought and sold.
A. Primary
B. Secondary
C. Capital
D. Financial
B
30
Qualities NOT included in successful entrepreneur.
A. Initiative
B. Self-confidence
C. Risk avoider
D. Wealth creators
C
31
Function controlling insider trading and takeover bids by SEBI.
A. Protective
B. Regulatory
C. Developmental
D. Preventive
B
32
Main objective aim of Financial Management.
A. Increase wealth
B. Decrease wealth
C. Increase capital
D. Decrease capital
A
33
Matching fund requirements and availability is achieved by.
A. Financial planning
B. Financial control
C. Capital budgeting
D. Investment decisions
A
34
Characterization of Debt as a financing choice.
+1
A. Cheaper, risky
B. Cheaper, safe
C. Expensive, risky
D. Expensive, safe
A
35
Nature of coordination unifying unrelated interests into work activity.
A. Pervasive
B. Continuous
C. Unity of action
D. Integrates group efforts
D
36
Objective achieved by installing a recycling plant and creating jobs.
+1
A. Social
B. Economic
C. Personal
D. Growth
A
37
Feature: Management activities are directed towards end results.
+1
A. Multidimensional
B. Continuous
C. Intangible
D. Goal oriented
D
38
Key position at Top-level Management.
A. Managing Director
B. Production Manager
C. Marketing Manager
D. Plant Supervisor
A
39
Match Selection Tests (List-I) with their indicators (List-II).
A. (A)-I, (B)-II, (C)-III, (D)-IV
B. (A)-IV, (B)-I, (C)-II, (D)-III
C. (A)-II, (B)-III, (C)-I, (D)-IV
D. (A)-I, (B)-III, (C)-IV, (D)-II
B
40
Advantages of a functional organizational structure.
+1
A. (A), (B) and (C)
B. (A) and (B)
C. (A), (C) and (D)
D. (C) and (D)
C
41
Marketing mix variable for selling through grocery stores.
+1
A. Product
B. Price
C. Promotion
D. Physical distribution
D
42
Marketing mix element: Taste, quality and packing.
+1
A. Product mix
B. Price mix
C. Promotion mix
D. Physical distribution
A
43
Marketing mix element: Charging higher price than competitors.
A. Product mix
B. Price mix
C. Promotion mix
D. Physical distribution
B
44
Marketing mix element: Gifts, cashbacks and discounts.
A. Product mix
B. Price mix
C. Promotion mix
D. Physical distribution
C
45
Tool of promotion mix: Gifts, cashbacks and discounts.
A. Advertisement
B. Sales promotion
C. Personal selling
D. Publicity
B
46
Management function highlighted by long-term expansion investment.
A. Organising
B. Staffing
C. Directing
D. Planning
D
47
Significance: Goals are well defined so employees understand roles.
A. Decision making
B. Reduces overlapping
C. Reduces uncertainty
D. Provides direction
D
48
Significance: Changes are anticipated and responses developed.
A. Direction
B. Reduces uncertainty
C. Reduces overlapping
D. Decision making
B
49
Significance: Policy coordinates activities to avoid confusion.
+1
A. Decision making
B. Reduces uncertainty
C. Provides direction
D. Reduces overlapping
D
50
Significance: Manager looks into the future to choose alternatives.
A. Direction
B. Reduces uncertainty
C. Reduces overlapping
D. Facilitates decision making
D
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