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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 22

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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) The standard deviation of the binomial distribution is
(1) np
(2) npq
(3) np
(4) npq
Answer: npq
(2) The two regression lines obtained in a correlation analysis of 60 observations are : 5x = 6y + 24 (x on y) 1000y = 768x – 3708 (y on x)
(1) 0.92
(2) 0.96
(3) 0.90
(4) 0.46
Answer: 0.96

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(3) Use of computer mode for a special purpose is classified as :
(1) Computer interface
(2) Computer application
(3) Control application
(4) Peripheral application
Answer: Computer application
(4) The strategy making hierarchy consisting of corporate strategy – line of business strategy – functional area support strategy – operational level strategy was propounded by whom of the following ?
(1) George Albert Smith
(2) C. Roland Christensen
(3) Edmund P. Learned
(4) Thompson and Strickland
Answer: Thompson and Strickland
(5) The enduring statements of purpose that distinguish one business from other similar firms are commonly called as _____.
(1) Vision statement
(2) Objective statement
(3) Strategy
(4) Mission statement
Answer: Mission statement
(6) Network techniques like PERT and CPM are the examples of _____.
(1) Strategy
(2) Programmes
(3) Policies
(4) Objectives
Answer: Programmes
(7) The ‘Industrial Organization’ (I/O) approach to competitive advantage by Porter advocates which of the following ?
(1) ndustry in which a firm chooses to compete has a weaker influence on firm’s performance.
(2) External factors of industry are more important than internal factors in a firm.
(3) The internal functional decisions managers make in marketing, finance and like have a stronger influence on firm’s performance than industry in which a firm choose to compete.
(4) Analyzing external forces and industry variables cannot act as a basis of getting and keeping competitive advantage.
Answer: External factors of industry are more important than internal factors in a firm.
(8) Assertion (A) : The rural people who work in the rural handicraft industry are mainly women and those from the weaker sections of the society.

Reason (R) : The main objective of Khadi and village industries commission (KVIC) is to promote women and weaker section of the society.

Codes :
(1) (A) is correct but (R) is not correct.
(2) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(3) Both (A) and (R) are correct but (R) is not the correct explanation of (A).
(4) Both (A) and (R) are incorrect.
Answer: (A) is correct but (R) is not correct.
(9) The major cause of industrial sickness, as identified by ‘Tiwari Committee’ in it’s report submitted in 1984, was _____.
(1) Deficiencies in management
(2) Infrastructural factors
(3) Labour trouble
(4) Technical factors
Answer: Deficiencies in management
(10) The income tax act which was amended in 1977 by addition of section 72 A, provided grant of tax benefit to healthy units for which of the following reasons ?
(1) Taking over of other healthy units for making economy stronger.
(2) Keeping themselves healthy during initial stages of their establishment.
(3) Providing loans and other financial assistance to sick units in industry.
(4) Taking over of sick units by amalgamation with a view of reviving them.
Answer: Taking over of sick units by amalgamation with a view of reviving them.
(11) Statement – I : Corporate values seen to ensue a consistency of conduct across the entire organisation.

Statement – II : Business ethics can provide the general guidelines within which management can operate.

Codes :
(1) I and II both are incorrect
(2) I and II both are correct
(3) I is correct II is incorrect
(4) I is incorrect II is correct
Answer: I and II both are correct
(12) Which one of the following denotes six characteristics of ethical code of conduct for manager ?
(1) Integrity, Impartiality, Responsiveness to public interest, Economic, Honesty, Transparency.
(2) Integrity, Impartiality, Responsiveness to public interest, Accountability, Honesty, Transperancy.
(3) Integrity, Impartiality, Responsiveness to public interest, Civil society, Accountability, Transparency.
(4) Integrity, Impartiality, Responsiveness to public interest, Accountability, Fairness, Transparency.
Answer: Integrity, Impartiality, Responsiveness to public interest, Accountability, Honesty, Transperancy.
(13) Three levels of corporate social responsibility of business are denoted by which one of the following ?
(1) natural environment, market economy, voluntary action
(2) ethical values, work culture, participation
(3) market force, mandated action, voluntary actions
(4) healthy competition, good corporate business, voluntary action
Answer: market force, mandated action, voluntary actions
(14) Who has defined following concept of corporate governance ?

“Corporate governance is defined as holding the balance between economic and social goals and between individual common goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources”.

(1) K. Keasay
(2) Cadbury committee
(3) J.J. Irani Committee
(4) Ronald R. Sims
Answer: Cadbury committee
(15) Which among the following is not associated with social responsibility of business enterprise ?
(1) Caux Round Table
(2) Transparency International
(3) Global reporting initiative
(4) Organization for economic cooperation and development
Answer: Transparency International

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