Top 550+ Solved Business Management MCQ Questions Answer
Q. Law of demand correlates
a. quality and quantity
b. quality and price
c. quantity and price
d. price and profit
e. Rs. 17,50,500
Q. Which is the most commonly used job evaluation system
a. Factor
b. Renting
c. Point
d. Grade description
e. None of the above
Q. Which of the following tax is separately imposed by central as well as state governments?
a. Entertainment tax
b. Sales tax
c. Income tax
d. Import duty
e. Rs. 17,50,500
Q. A synthetic process is one that
a. Combines several different ingredients or assembles numerous component parts to manufacture a product
b. Starts with basic raw materials and breaks it down into various constituent products
c. Is characterized by an uninterupted flow of operations from raw materials to end product
d. Involves operations which are repeated in the same way
e. Involves non-repetitive operations
Q. Shares can be purchased and sold in
a. nationalised banks
b. financial corporations
c. stock exchanges
d. non-nationalised banks
e. Rs. 17,50,500
Q. Pessimistic time is
a. The maximum time which an activity might require
b. The average time required for a job
c. The time which has the highest probability of occurrence associated with it
d. The minimum time in which an activity can possibly be accomplished
e. The earliest possible time that an event can be reached or an activity completed.
Q. The principle of management by exception is most likely to be applied in the management function of
a. Planning
b. Organizing
c. Directions
d. Control
e. All of the above
Q. For an organisation those costs which do not, increase as output increases, are known as
a. Fixed costs
b. Variable costs
c. Total costs
d. Average fixed costs
e. Average total costs
Q. The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was
a. 6.25 million
b. 6.75 million
c. 7.25 million
d. 7.75 million
e. Rs. 17,50,500
Q. Which of the following is not normally classified as a "payment for time not worked"?
a. Pension
b. Severance pay
c. Sick leave
d. Duty time
e. Special leave
Q. What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization?
a. Destroy it
b. Ignore it
c. Impede its flow of messages whenever possible
d. Use it as a supplement to the formal system
e. None of the above
Q. Skilled men receive higher wages than unskilled because
a. The job is more difficult
b. The limited supply of skilled men
c. the productivity of skilled men is greater than that of unskilled men
d. Skilled men possesses certain attributes which the unskilled men do not and therefore earn economic rent
e. All of the above
Q. First free trade zone in India was established in
a. Bombay
b. Calcutta
c. New Delhi
d. Madras
e. Trivandrum
Q. Wage and salary criteria are primarily used to determine
a. Pay structures
b. Incentives
c. Cost of living raises
d. Productivity
e. None of the above