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Ocm Question Bank (Answers)

1. Henry Fayol is regarded as the father of scientific management. Management principles are general rules that guide managers to manage organizations and include planning, organizing, staffing, directing, coordinating, and controlling. Planning is the basic function of management that involves forecasting techniques. 2. The principle of order is based on "a place for everything and everything in its place". Scalar chain means the hierarchy of authority from the top management level to the lower level for communication purposes. Coordination arranges work in a way to minimize conflicts. 3. Controlling helps determine the effectiveness of planning. The RBI was established in 1944 under the Reserve Bank of India Act. It is responsible for framing monetary policy in

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162 views6 pages

Ocm Question Bank (Answers)

1. Henry Fayol is regarded as the father of scientific management. Management principles are general rules that guide managers to manage organizations and include planning, organizing, staffing, directing, coordinating, and controlling. Planning is the basic function of management that involves forecasting techniques. 2. The principle of order is based on "a place for everything and everything in its place". Scalar chain means the hierarchy of authority from the top management level to the lower level for communication purposes. Coordination arranges work in a way to minimize conflicts. 3. Controlling helps determine the effectiveness of planning. The RBI was established in 1944 under the Reserve Bank of India Act. It is responsible for framing monetary policy in

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Vedant
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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S.Y.J.

C COMMERCE
SUB -ORGANISATION OF COMMERCE &MANAGEMENT (51)
QUESTION BANK

Q.1.A) Select the correct option and rewrite the sentences.

was regarded as Father of Scientific Management.


1)
a) Henry Fayol
b FW Taylor
c) Philip Kotler
d) Max Weber

2) Principle of is based on 'A place for everything and


everything in its place'.
a discipline
order
c) equity
d) authorityy

3) Member of organization should receive orders from


a) many superior
one superior
C) all subordinates
d) one subordinate

Scalar chain means the hierarchy of from the top level


4)
tothe lower level for the purpose of communication.
a) discipline
b) unity
authority
d) responsibility

5) Management Principleinfluence
a Human Behaviour
b) Organization
C) Government
d) Society
6) According to principle of all employees should be given
the same treatment.
a) discipline
b) authority
e equity
d) responsibilityy
7) Principles of management are a base for taking
a) order
b) remuneration
decisions
d) function

8) Management principles are the principles of_ science


a) abstract
b) sOcial
C) pure
d) natural

are set of general rules that guide the


9) Management
managers to manage an organization.
a) principles
b) quotes
Le theories
d functions

10) Henry Fayol is called as the father of management.


a modern
b) scientific
c) technical
d) social

the principle of there must be a proper


11) According to
balance between centralization and decentralization in the
organization.
wa centralization
b) Scalar chain
c) decentralization
d) unity
12) Esprit de corpse means is strength.
a) individual
D)authority
unity
d) diversity

13) The functions of management start with function.


a) organizing
planning
c) coordinating
d) controlling
end with
14) The functions of management
a) directing
b) staffing
controlling
planning9
factor
15) Staffing is concemed with
a) physical
b) financial
C) material
human

important for execution of


function is
the plans which
16) Organization
have been prepared by management.
a top level
b) middle level

c) lower level
d) no level

is the function which supports to


activate the plans with
17)
the help of employees.
a) Staffing
b Directingg
c) Co-ordinating
d) Controlling
to the plan and the
18) is the function of execution according
organizational structure.

a) Controlling
Directing
c) Staffing
d) Forecasting
sucha way that minimum conflicts are
19) arranges the work in
raised.
a
Co-ordinating
b) Organizing
c) Controlling
d Planning

20) Planningis
a advanced function
b) basic function
c) end function
d) middle function
21) According to L. A. Allen, "Management is what. does".
a) employee
b) organization
C) Owner
d) manager

22) Planning is a function of management.


a primary
b) secondary
c) tertiary
d) last

23) Planning is based on technique.


a) forecasting
b) analyses
C) institutional
d organizational

24) sets out standards for contro lling,


a) staffing
b planning
C) co-ordinating
d) organizing
The process of establishes synchronization and
25)
Combination of all resources.

a organizing
b) controlling
c) staffing
d) planning

26) Directing is initiated level


a top
b) middle
c lower
d) none

of resources.
27) Co-ordination also helps to minimize the
a) use
by wastages
C) expense
none of the abovee
d)
28) help to determine the effectiven ess of planning function.
a) Controlling
b) Staffing
c) Co-ordinating
d) Planning
29) Overdraft facility is given on account.
a savings
b) fixed
e current
d) recurring

30) A.T. M stands for


L a
Automated Teller Machine
b) Any Time Money
C) Automatic Teller Machine
d) Always Transfer Money

31) The minimum amount to be remitted through RTGS is RS.


while there is no upper limit for transaction.
a) 5,00,000/-
b) 1,00,000/
C 2,00,000/-
d 3,00,000/-

32) Services are in nature.


a intangible
b) tangible
c) separable
d) homogeneous

The term Bank from the Word 'Banco which


33) comes
means a 'bench'
a) Latin
b) German
e French
d) Russian

34) The RBI was established in underthe Reserve Bank Of


India Act, 1944.
a) 1943
b) 1944
1945
d) 1946
35) The Capital of RRB's contributed by Central
a) 15% Governmenti
b) 35%
C) 40%
d) 50%

36) Payment Bank can accept demand deposits only upto Rs.
a) 10,000
b) 50,000
1,00,000
d) 2,00,000

37) term loans are fora period of 1 yearto 5 year.


a) long
medium
C) short
d) half

38) In India, is responsible for framing monetary policy.


a) SBI
b RBI
C BOI
d) FCI

39) banks facilitate mergers and acquisitions by undertaking


research and providing advice on investment decisions.
a Investment
b) Agricultural
C) Postal
d) Industrial

40) E-banking is called


a Virtual banking
b) Mobile banking
c) Personal banking
d) None of the above,

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