Online Exam MCQ Answers
Online Exam MCQ Answers
Online Exam MCQ Answers
1. Business firm Produce and supply wide varieties of goods and ______ required by the
society.
A) Money
B) Services
C) Entities
D) Social Service
13. Grouping the activities or operations of an enterprise into various units is referred as
A) Centralization
B) Departmentation
C) Delegation
D) Communication
17. “Achievement due to one will be shared by all others”, this happens in
A) General partnership
B) Limited partnership
C) Both a and b
D) None of the above
22. Collapse of crane is a cause of accident, under which type of accident it come?
A) Mechanical cause of accident
B) Natural cause of accident
C) Human error
D) All of the above
23. Capital required by a company to purchase building for starting the company is called as
A) Working capital
B) Fixed capital
C) Loan
D) Dept
31. Which of the following is the name given to a bill of lading where goods have been
received by a carrier free of defects?
A) Shipped bill of lading
B) Claused bill of lading
C) Ordinary bill of lading
D) Clean bill of lading
39. To achieve quality (i.e. defects free product and services), we require
A) Close cooperation between management and staff
B) Commitment
C) An environment in which quality can flourish
D) All of the above
40. Bench marking determines
A) Customer requirement
B) Process capability
C) Standards
D) Getting ISO 9000 audit done
48. ……….. is the process of operations, verify conformity with the predetermined plan and
takes corrective action
A) Coordinating
B) Forecasting
C) Organizing
D) Controlling
50. Which one of following is not included in the ‘contents of partnership deed’?
A) Name of partnership firm
B) Duration of partnership
C) Permanent address of partnership business
D) Face value of share
58. _________ is method of buying goods by making instalment payments over the period
of time.
A) Bank loan
B) Hire purchase
C) Sale and lease back
D) All of the above
60. ______ are the term used to indicate purchases made during the year for the purpose of
sale, When goods purchased are returned is referred as purchase return.
A) Opening stock
B) Purchases
C) Sales
D) Office administrative expenses
61. I want the products of my company to achieve perfect quality, which tool will I apply to
check this
A) Six sigma
B) ABC analysis
C) MRP
D) EOQ
67. The participation of all members in an organizing, aiming at long term success through
customer satisfaction for the benefits to all members and to the society is known as
A) Quality control
B) Quality assurance
C) Total quality management
D) Quality team
68. All the person working in the organization (including managers & workers) should be
involved in _______ operation
A) MRP
B) TQM
C) Globalization
D) EOQ
74. _______ can be defined as goods or cash used (invested) to generate income from
business or property (that can give income)
A) Capital
B) Finance
C) Budget
D) VAT
76. If the company has a goal to accept only .0003% defect, which is the most important
modern technique it should adopt
A) ERP
B) SAP
C) BAAN
D) Sigma
80.______ is an activity which defined the steps of how and when work will be done
effectively
A) Directing
B) Planning
C) Organizing
D) Controlling
82. Which of the following post comes under middle level management?
A) Director
B) Branch Manager
C) Foreman
D) Supervisor
83. Policy making in an industry is a role of
A) Management
B) Administration
C) Public
D) Workers
84. Management is not directly visible instead; its presence is observed in the form of
results such as higher productivity, higher efficiency, disciplined work force, etc. Hence
management is _____
A) Tangible
B) Intangible
C) Concrete
D) None of the above
88. Oily or greasy floors is the factor which contributes to accident due to
A) Workers
B) Management
C) Faulty layout or design of working place
D) Natural disasters
90. Safety provision/s for workers under Factory act 1948 is/are
A) First-aid appliance
B) Overcrowding
C) Improper ventilation and temperature
D) None of the above
95. The capital invested in assets which cannot be easily converted into money is called:
A) Fixed capital
B) Rquity capital
C) Working capital
D) None of the above
97. “A’ Class items are ______% of the total number of items”
A) 15-25%
B) 10-20%
C) 65-75%
D) None of these
98. Economic order quantity provides the _______ number of units to order.
A) Minimum
B) Maximum
C) Optimum
C) None of the above
104. The ISO 9000:2000 standards consist of three documents of which ISO 9001 pertains
to:
A) Fundamentals
B) Requirements
C) Vocabulary
D) Guidance for performance improvements
109. Top level is know as _________ because all important decision related to whole
organization is taken by top management.
A) Strategical level
B) Tactical level
C) Operational level
D) All of above
110. One disadvantage of forming a partnership is?
A) The number of partner is limited
B) Specialist skill may be introduced
C) More financial capita is usually is available
D) Any Financial must be shared
112. Mr Ram, Mr Shyam & Mr Kiran has started a business of automobile in 2003, in that
business Mr Ram, Mr Shyam & Mr Kiran have invested Rs 500000/- Lakhs individually. But
Mr Ram & Mr Shyam gives full attention towards the business and Mr Kiran does not gives
the attention toward business.so in type of business who is sleeping partner.
A) Mr Ram
B) Mr Shyam
C) Mr Kiran
D) All of the above
113. Identify the alternative which can correctly replace blank space in following statement.
Statement: According to Factories acct no adult worker should be required or allowed to
work in a factory to more than------
A) 12 hour in a day
B) 36 hour per week
C) 48 hour per week
D) 10 hour per in a day
115. Mr Praful Kulkarni is working in Birla Pvt. Ltd in the capacity of foreman. Company
provided him certain protecting devices under _____ACT.
A) Factory Act
B) Minimum Wages Act
C) Comensation Act
D) Safety Provision Act
116. Capital required by a company to purchase building for staring the company is called
as.
A) Working Capital
B) Fixed capital
C) Loan
D) Debt
117. ______is concerned with procurement, allocation and control of financial resources of
a firm.
A) Financial Management
B) Material Management
C) Personnel Management
D) Operation Management
118. A man working in an industry has annual income of 2,50,000 Rs. From all sources, total
investment like PF, PPF, LIC savings 50,000 Rs. Exempted amount for income is 1,50,000 Rs.
&income tax rate is 10% unto 3,00,000. Find out amount of income tax paid by that person
is
A) 2000
B) 10000
C) 5000
D) 3000
122. The company have to generate value able financial reports by compiling financial data
from every department of company which includes production, Accounts, Sales, Purchase,
personal, Product development and design. which of the following module shall execute this
task.
A) Financial Module
B) H. R. Module
C) Production module
D) Purchase module
123. The Objective of TQM is
A) To improve profitability
B) To improve process
C) To guide management
D) None
126. Identify the diagram, which is an investigative tool of quality control to rearrange
possible 0causes of the problem?
A) Ishikawa diagram
B) Control chart
C) Pareto analysis
D) Check list
128. Which ‘S’ of 5S involves cleaning the floors, the walls and the equipment and ensuring
all items are restored to their designated place.
A) Seiri
B) Seiton
C) Seiso
D) Shiatsu
129. The _________ provide the information about when to order and how much to order.
A) MRP
B) ERP
C) EOQ
D) Inventory
130. While on a long tour, which are the items we take most care of? Certainly, it is the
jewerly and the cash ….. this could be an analogy to :
A) EOQ
B) ABC Analysis
C) Minimum batch demand
D) None
133. Principles proposed by _____ are very useful for the contemporary managers to
manage their work efficiently effectively.
A) Controlling
B) Organising
C) Directing
D) Planning
134. Business firms produces and supply wide verities of goods and _______ required by
society.
A) Money
B) Service
C) Entities
D) Social service
135. The goal of the enterprise is fulfilled through the use of resources like
A) Man
B) Machine
C) Material
D) All of the above
136. Which of the following was the key aim of scientific management?
A) To increase worker control of production
B) To increase productivity
C) To decrease absenteeism
D) To develop time and motion studies
140. Identify the alternative which can correctly replace blank spaces following statement.
Statement: According to Factories Act no adult worker should be required or allowed to
work a factory for more than
A) 12hrs in a day
B) 36hrs in a week
C) 48hrs in a week
D) 10hrs in a day
147. Work out product requirement in detail and set product specification on the basis if
customers preference, cost and profit is a function of _____________
A) Quality management
B) Material management
C) Production management
D) Inventory management
149. Which type of industries involves large investment and a high level of automation
process?
A) Village
B) Small scale
C) Large scale
D) Medium scale
156. ________ can be defined as an integrated information system that serves all
departments within an enterprise.
A) MRP
B) MPR
C) ERP
D) EPR
159. Figure shows working model of quality circle of manufacturing industry working on a
tooling problem, couple of the important step no 5 and 7 are missing in the model. Correctly
identify the steps from the option given below.
A) 5) Presentation of Solution to Management, 7) Selection of best solution
B) 5) Discuss all the solutions, 7) Selection of best solution
C) 5) Selection of best solution, 7) Presentation of Solution to Management
D) 5) Selection of best solution, 7) Test the solution within Q.C.
160. Defects rate in 3 sigma level is________
A) 6210
B) 66807
C) 405
D) 233
Thank You!