Q121: The objective of Insolvency and Bankruptcy Code, 2015 (Bill) as a part of financial sector reforms is___
- A. Promote entrepreneurship and availability of credit
- B. Maximize the asset value of insolvent and bankrupt firms
- C. Establishing an Insolvency and Bankruptcy Fund
- D. All of the above
Answer
Answer D. All of the above
Q122: Which of the following statement about the Tax reforms that is GST is not true?
- A. Uniform GST registration
- B. Subsume all indirect taxes at Centre and State level
- C. Uniform taxation for all products & services
- D. One Nation- One Tax
Answer
Answer C. Uniform taxation for all products & services
Q123: All State and Central taxes subsumed into GST under tax reforms except___
- A. Octroi & Entry Tax
- B. Stamp Duty
- C. State Cesses/Surcharges
- D. Central excise duty
Answer
Answer B. Stamp Duty
Q124: The one who set a new direction or vision for a group and a spearhead for that new direction is called as a___
- A. Entrepreneur
- B. Manager
- C. Leader
- D. Motivator
Answer
Answer C. Leader
Q125: The one who controls resources and directs people in a group according to the principles or values that have already been established is___
- A. Manager
- B. Entrepreneur
- C. Leader
- D. Supervisor
Answer
Answer A. Manager
Q126: The most needed quality of good leadership is
- A. Excellent skills
- B. Deep human quality
- C. Good knowledge
- D. A charismatic personality
Answer
Answer B. Deep human quality
Q127: In modern age good leaders are an enabling force who___
- A. Help people to perform
- B. Help organizations to develop
- C. Sets vision & ensures to achieve the goals by whatever means
- D. Align people’s needs with the organizational goals
Answer
Answer D. Align people’s needs with the organizational goals
Q128: This attribute is not pivotal for an effective leadership
- A. People skills & human qualities
- B. Management skills
- C. Good communication skills
- D. Technical & intellectual expertise
Answer
Answer D. Technical & intellectual expertise
Q129: Which of the following statement about partnership is NOT true
- A. The relationship of partners depends on contract among them
- B. Two or more than two persons involve with the illegal business is not a partnership
- C. The profit which is earned from the partnership business must be equally shared among the partners
- D. This is the mutual organization where each and every member freely involves with the business
Answer
Answer C. The profit which is earned from the partnership business must be equally shared among the partners
Q130: Which is the simplest form of business providing maximum control and minimum government interference?
- A. Sole proprietorship
- B. Partnership
- C. Limited liability partnership
- D. A registered company
Answer
Answer A. Sole proprietorship
Q131: Currently around 70% businesses in India are registered under this legal form of business
- A. A registered company
- B. Sole proprietorship
- C. Limited liability partnership
- D. Partnership
Answer
Answer B. Sole proprietorship
Q132: In sole proprietorship the owner needs to secure the necessary licenses, certifications and___in his name to start a business
- A. Tax Identification Number (TIN)
- B. Permanent Account Number (PAN)
- C. AADHAR
- D. Value Added Tax (VAT) Registration
Answer
Answer A. Tax Identification Number (TIN)
Q133: Which one of the following is NOT one of the objectives of Employee Management System (EMS)?
- A. To simplify the task of maintaining records of the employees of Company
- B. To develop an well-designed database to store employee information
- C. To provides full functional reports to management of Company
- D. To keep a vigilance on employee movement and performance
Answer
Answer D. To keep a vigilance on employee movement and performance
Q134: Which one of the following is an advantage of Employee Management System (EMS)?
- A. Create new users to the system accordingly
- B. Computerized Events & Requests Management
- C. Easy calculation of various leave in categories
- D. All of the above
Answer
Answer D. All of the above
Q135: A leadership will work in a workforce if a leader can keep a group together, he can make the group productive and___
- A. Keep the group motivated
- B. Train & guide the group if needed
- C. Maintain a good deal of job satisfaction among the group members
- D. Help them in their needs
Answer
Answer C. Maintain a good deal of job satisfaction among the group members
Q136: A focus based leadership style where the leader defines clearly & closely what subordinates should be doing, how they should be doing it & actively schedules work for them is called as___
- A. Relationship-oriented leadership
- B. Task-oriented leadership
- C. Job-oriented leadership
- D. Work-oriented leadership
Answer
Answer B. Task-oriented leadership
Q137: A leader who issue orders & tell employees what to do and never invite opinions is
- A. Autocratic
- B. Democratic
- C. laissez faire
- D. None of the above
Answer
Answer A. Autocratic
Q138: A leader who leave employees to themselves after giving initial instructions and offer assistance only when asked is
- A. Democratic
- B. Autocratic
- C. laissez faire
- D. None of the above
Answer
Answer C. laissez faire
Q139: A leader who discuss possible projects and involve employees in decisions about tasks is
- A. laissez faire
- B. Democratic
- C. Autocratic
- D. None of the above
Answer
Answer B. Democratic
Q140: Recruitment makes it possible to acquire the number and type of people necessary to ensure the___of the organization
- A. continued operation
- B. functioning
- C. efficient working
- D. running
Answer
Answer A. continued operation
Q141: This is NOT one of the stage of recruitment process
- A. Evaluation and Control
- B. Planning
- C. Strategy Development
- D. Rejecting
Answer
Answer D. Rejecting
Q142: This stage of recruitment process involves the translation of likely job vacancies and information about the nature of these jobs into a set of objectives
- A. Strategy Development
- B. Screening
- C. Planning
- D. Searching
Answer
Answer C. Planning
Q143: Technological Sophistication of recruitment and Selection Devices is a part of which stage of recruitment process?
- A. Evaluation and Control
- B. Strategy Development
- C. Planning
- D. Screening
Answer
Answer B. Strategy Development
Q144: One of the major care which must be exercised at the screening stage of recruitment process is
- A. Short listing applicants who are visibly unqualified for the job
- B. Effective screening to save a great deal of time
- C. to assure that potentially good employees are not lost
- D. Effective screening to save a great deal of money
Answer
Answer C. to assure that potentially good employees are not lost
Q145: Selection is the process of differentiating between applicants in order to identify and hire those with the___
- A. best potential
- B. greater likelihood of success
- C. better skills & knowledge
- D. ability to perform
Answer
Answer B. greater likelihood of success
Q146: Hiring is the practice of finding, evaluating, and establishing___with future employees, interns, contractors or consultants
- A. a good rapport
- B. a communication
- C. a bonding
- D. a working relationship
Answer
Answer D. a working relationship
Q147: The one who controls the company’s direction, vision and culture is
- A. CEO
- B. CTO
- C. CFO
- D. COO
Answer
Answer A. CEO
Q148: The one who is primarily focused on the day-to-day operations to keep your business running is
- A. CTO
- B. CEO
- C. COO
- D. CFO
Answer
Answer C. COO
Q149: Discuss possible projects; involve employees in decisions about tasks; give and explain feedback
- A. Autocratic
- B. Democratic
- C. laissez Fair
- D. leader
Answer
Answer B. Democratic
Q150: issue orders & tell employees what to do; do not invite opinions; sometimes praise or blame but no explanation of feedback
- A. Autocratic
- B. Democratic
- C. laissez Fair
- D. leader
Answer
Answer A. Autocratic
Q151: leave employees to themselves after giving initial instructions; offer assistance only when asked; no praise or blame given
- A. Autocratic
- B. Democratic
- C. laissez Fair
- D. leader
Answer
Answer C. laissez Fair
Q152: Income from business is taxed as personal income
- A. Sole proprietorship
- B. Joint stock
- C. Partnership
- D. Hindu family
Answer
Answer A. Sole proprietorship
Q153: Partners pay only personal income tax
- A. Sole proprietorship
- B. Joint stock
- C. Partnership
- E. Hindu family
Answer
Answer C. Partnership
Q154: setting a new direction or vision for a group that they follow
- A. Leadership
- B. Management
- C. staff
- D. Employees
Answer
Answer A. Leadership
Q155: Controls or directs people/resources in a group according to principles or values that have already been established
- A. Leadership
- B. Management
- C. staff
- D. Employees
Answer
Answer B. Management
Q156: Which section of a business plan is generally first but written last?
- A. Business description and vision
- B. Appendices
- C. Executive summary
- D. Organization and management
- E. Description of market
Answer
Answer C. Executive summary
Q157: Market survey is important because it tells you
- A. How many & what types of people are shopping at a store
- B. Tells you what the customer will buy
- C. Tells you how much the customer will pay for the product
- D. All of the above
Answer
Answer D. All of the above
Q158: What makes a good advertisement? (Choose the best combination)
- A. Color, Attracts attention, ingredients in product
- B. Name of product, price, location, attractive
- C. Easy to read, price, color, location, why customers should buy it
- D. Nutritional information, price, color, where to buy it, easy to read
Answer
Answer B. Name of product, price, location, attractive
Q159: What’s a typical timeframe that a business plan addresses?
- A. One year
- B. The anticipated life of the business
- C. At least ten years
- D. At least five years
- E. Three to five years
Answer
Answer A. One year
Q160: Business Plan provides details about the business owners and their___, as well as a description of the goods or services to be produced
- A. Plan
- B. Objectives
- C. Forecast
- D. Finance
- E. Investors
Answer
Answer B. Objectives
