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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 48

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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) National income equilibrium is not at the level where
(1) aggregate investment equals aggregate savings
(2) aggregate expenditure equals aggregate income
(3) inflationary and deflationary gaps are absent
(4) none of these
Answer: none of these
(2) The four types of social responsibility include :
(1) Legal, Philanthropic, Economic and Ethical
(2) Ethical, Moral, Social and Economic
(3) Philanthropic, Justice, Economic and Ethical
(4) Legal, Moral, Ethical and Economic
Answer: Legal, Philanthropic, Economic and Ethical

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(3) From the following statements relating to WTO agreements, choose the statements that are correct :

Statement I : Diversity in technical regulations and industrial standards among countries leads to the introduction of TBT (Technical Barriers to trade) Agreements.

Statement II : The aim of WTO agreements on customs valuation is to ensure a fair, uniform and neutral system for the valuation of goods for customs purposes.

Statement III : The agreement on Trade Related Investment Measures (TRIMs) applies only to measures that affect trade in goods.

Codes :
(1) Statements I and II only are correct.
(2) Only statement I is correct.
(3) Only statements II and III are correct.
(4) All the statements are correct.
Answer: All the statements are correct.
(4) If the spot rate of US dollar is ` 60 and one mouth forward rate is ` 62, the forward rate premium (p) will be
(1) 40%
(2) (–)40%
(3) 33%
(4) (–)33%
Answer: 40%
(5) For which of the following sectors, the FDI cap/equity is 100% ?

i. Mining including exploration and mining of diamonds.

ii. Defence production

iii. Drugs and pharmaceuticals

iv. Insurance

v. Banking

vi. Power (except atomic energy)

Codes :
(1) i, iii, iv and vi
(2) i, iii, iv and v
(3) i, ii and vi
(4) i, iii and vi
Answer: i, iii and vi
(6) As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy ?
(1) Chief controller of Imports and Exports
(2) Director General of Foreign Trade
(3) Director General of Commercial Intelligence
(4) Chief Controller of Foreign Trade
Answer: Director General of Foreign Trade
(7) According to Eclectic theory of Foreign Direct Investment (FDI), the motivation behind FDI is/are
(1) Capital and labour adequacy
(2) Raw material and labour adequacy
(3) Ownership, location and internalisation
(4) Labour, capital market and internalisation
Answer: Ownership, location and internalisation
(8) The following statements are related to patents. Using code indicate the statements that are not correct :

Statement I: Patent is aimed to encourage economic and technological development.

Statement II : Patent can be protected only for a limited period.

Statement III : The law of patent is international in its operation.

Statement IV : When the patent right expire, the technology becomes public property.

Codes :
(1) Statements II, III and IV are not correct.
(2) Statements II and IV are not correct.
(3) Statement III is not correct.
(4) Statement IV is not correct.
Answer: Statement III is not correct.
(9) Pichot suggested three roles for the intrapreneur in promoting innovation. Indicate the correct answer.
(1) Inventor, innovator and sponsor
(2) Inventor, product champion and sponsor
(3) Team builder, information source and advocate
(4) Mould breaker, change agent and sponsor
Answer: Inventor, product champion and sponsor
(10) Which of the following statements are not correct in relation to pre-shipment credit in foreign currency ?

Statement I : It is a foreign currency loan available, both, to the importers and exporters.

Statement II : It is self liquidating in nature and can be liquidated by purchasing/ discounting of bills.

Statement III : Refinance from RBI is available to banks against pre-shipment credit in foreign currency.

Statement IV : The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.

Codes :
(1) Statements I, II and III are not correct.
(2) Statements I, III and IV are not correct.
(3) Statement II and IV are not correct
(4) Statement II and III are not correct.
Answer: Statements I, III and IV are not correct.
(11) The small scale sector is the __________ largest employer of human resources in the country.
(1) Single
(2) Second
(3) Third
(4) Fourth
Answer: Second
(12) In case the price (P), quantity (Q),and changes ( ) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by
(1) Ed = ( Q/Q)/( P/P)
(2) Technical consultancy and financial assistance
(3) Ed = P/ Q
(4) Ed = ( P/P)/( Q/Q)
Answer: Ed = ( Q/Q)/( P/P)
(13) Law of Diminishing Return applies when the gaps among the successive ‘multiple-level of output’ isoquants
(1) decreases
(2) remains constant
(3) increases
(4) remains irregular
Answer: increases
(14) In case the demand elasticity under imperfect competition is unity, the marginal revenue will be
(1) more than utility, but less than infinity.
(2) equal to unity.
(3) less than unity, but more than zero.
(4) equal to zero.
Answer: equal to zero.
(15) Rise in general price level alongwith declining output in the economy is called
(1) Inflation
(2) Deflation
(3) Stagflation
(4) Demand-pull inflation
Answer: Stagflation

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