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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 5

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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) Who among the following relatives of a deceased insured person is not “dependent” under the Employees’ State Insurance Act, 1948 ?
(1) Widow
(2) Widowed mother
(3) Legitimate son who has attained the age of twenty five
(4) Widowed daughter-in-law
Answer: Legitimate son who has attained the age of twenty five
(2) Assertion (A) : One of the trends to build a sustainable competitive advantage are innovations and innovations management.

Reasoning (R) : Human Resource Management has to be able to connect innovations with the traditional change management to design a true powerful weapon against competitors in the market.

Code :
(1) Both (A) and (R) 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) (A) is correct but (R) is incorrect.
(4) (R) is correct but (A) is incorrect
Answer: Both (A) and (R) are correct ; and (R) is the right explanation of (A).

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(3) Which of the following is not a principle of ‘Hot Stove Rule’ ?
(1) Prior Warning
(2) Immediate Response
(3) Consistent Action
(4) Personal Approach
Answer: Personal Approach
(4) In India, tripartite bodies of industrial relations began on the recommendations of which one of the following commissions ?
(1) Law Commission of India
(2) Whitley Commission
(3) National Statistical Commission
(4) Kothari Commission
Answer: Whitley Commission
(5) The extrinsic properties of the product or service, including the ways in which the brand attempts to meet customers’ psychological or social needs is known as :
(1) Brand judgments
(2) Brand resonance
(3) Brand imagery
(4) Brand performance
Answer: Brand imagery
(6) Which one of the following is an example of ‘Real needs’ of a customer ?
(1) The customer wants an inexpensive mobile phone.
(2) The customer wants a car whose operating cost, not initial price, is low.
(3) The customer expects good service from the dealer.
(4) The customer wants friends to see him as a savvy consumer.
Answer: The customer wants a car whose operating cost, not initial price, is low.
(7) The following statements relate to the functions of the marketing channel members. Indicate the statements being correct or incorrect.

Statement (I) : Channel members do not gather information about potential and current customers, competitors and other actors and forces in the marketing environment.

Statement (II) : Channel members acquire the funds to finance inventories at different levels in the marketing channel.

Code :
(1) Both the statements are correct.
(2) Both the statements are incorrect.
(3) Statement (I) is correct while Statement (II) is incorrect.
(4) Statement (I) is incorrect while Statement (II) is correct.
Answer: Statement (I) is incorrect while Statement (II) is correct.
(8) Which one of the following attributes of advertising regarding launching of a new product calls for spending all the advertising budget in a single period ?
(1) Pulsing
(2) Continuity
(3) Concentration
(4) Flighting
Answer: Concentration
(9) Select the correct code of the Assertion (A) and Reasoning (R) :

Assertion (A) : Companies should measure the profitability of their products, territories, customer groups, segments, trade channels and order sizes.

Reasoning (R) : Measure of profitability helps companies determine whether to expand, reduce, or eliminate any product or marketing activities to ensure profitability control.

Code :
(1) Both (A) and (R) 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) (A) is correct but (R) is incorrect.
(4) (R) is correct but (A) is incorrect
Answer: Both (A) and (R) are correct and (R) is the right explanation of (A).
(10) In which one of the following types of store retailers, large, low-cost, low margin, high-volume, selfservice store attributes are designed to meet total needs for food and household products ?
(1) Supermarket
(2) Superstore
(3) Discount store
(4) Convenience store
Answer: Supermarket
(11) A firm earns return on investment at the rate of 20% , earning per share is ` 15, payout ratio is 50%, cost of equity is 12%; the market price per share as per Walter’s model is :
(1) 300
(2) 240
(3) 75
(4) 166.67
Answer: 166.67
(12) Consider the below mentioned statements and state the correct code of the statements being true or false.

Statement (I) : A debt-equity ratio of 2 : 1 indicates that for every 1 unit of equity, the company has raised 2 units of debt.

Statement (II) : The cost of floating an equity issue is lesser than the cost of floating a debt

Code :
(1) Both the Statements(I) and (II) are false.
(2) Both the Statements (I) and (II) are true.
(3) Statement (I) is false and Statement (II) is true.
(4) Statement (I) is true and Statement (II) is false.
Answer: Statement (I) is true and Statement (II) is false.
(13) Debt Service Coverage Ratio indicates which one of the following ?
(1) Effective utilisation of assets.
(2) Number of times fixed assets cover borrowed funds.
(3) Excess of Current Assets over Current Liabilities.
(4) Number of times surplus covers interest and instalments of Term Loans.
Answer: Number of times surplus covers interest and instalments of Term Loans.
(14) Authorised capital of a company is ` 5 lacs ; 40% of it is paid up. Loss incurred during the year is ` 50,000. Accumulated loss carried from last year is ` 2 lac. The company has a Tangible Net Worth of : `
(1) 2 lacs
(2) 2.50 lacs
(3) (−)50,000
(4) 7,50,000
Answer: (−)50,000
(15) Which one of the following is related to control function of the financial manager ?
(1) To negotiate with bankers for a loan.
(2) To analyse variance between standard costs and actual costs.
(3) To estimate the future cash flows from a proposed project.
(4) To advertise the public issue of the firm.
Answer: To analyse variance between standard costs and actual costs.

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