Select the Correct Option from the Bracket (Weightage 5 Marks)
1. Principles of Management
No Question..
2. Functions of Management
1) Planning is a detailed programme of (present, future, past) course of action.
Ans: Future
2) Directing is the responsibility of (manager, workers, people) at all levels.
Ans: Manager
3) A qualified, efficient, and skilled workforce is always a (liabilities, assets, expenses) of the organization.
Ans: Assets
3. Entrepreneurship Development
(Innovation, Niche tourism, Agro tourism, Enterpreneurship)
Group A | Group B |
l) The idea of bringing Urban resident to agricultural farm | _________________ |
2) Agro- tourism is a form of | _________________ |
3) __________________ | To introduce new combination of products & features |
4) ___________________ | A full time job which requires, dedication & Hard-work. |
Solution:
Group A | Group B |
l) The idea of bringing Urban resident to agricultural farm | Agro-tourism |
2) Agro- tourism is a form of | Niche tourism |
3) Innovation | To introduce a new combination of products & features |
4) Entrepreneurship | A full-time job which requires, dedication & Hard-work. |
4. Business Services
(RTGS, SIDBI, apex financial institution in banking industry of country, recurring deposit, long term loans)
Group A | Group B |
1 _________ | fund transfer on real time and gross basis |
2. loans to meet long term capital requirements | ________ |
3 ____________ | Account operated by salaried and businessmen both. |
4. Central bank | _____________ |
5 _____________ | Principal financial institution for MSMEs |
Solution:
Group A | Group B |
1 RTGS | fund transfer on a real-time and gross basis |
2. loans to meet long term capital requirements | long term loans |
3 Recurring Deposit | Account operated by salaried and businessmen both |
4. Central bank | apex financial institution in the banking industry of the country |
5 SIDBI | Principal financial institution for MSMEs |
5. Emerging Modes of Business
(Business to Business, First step, e-commerce, payment mechanism, e-business)
| Group A | GroupB |
A) | Registration | ____________ |
B) | Superset of e-commerce | ____________ |
C) | ____________ | Last step |
D) | Subset of E-business | ____________ |
E) | ____________ | B2B |
Solution:
Group A | GroupB | |
A) | Registration | First step |
B) | Superset of e-commerce | E-business |
C) | Payment mechanism | Last step |
D) | Subset of E-business | E-commerce |
E) | Business to Business | B2B |
6. Social Responsibilities of Business
(Responsibilities towards shareholders, responsibilities towards consumers, Responsibilities towards the government, Responsibilities towards society)
Group A | Group B |
1) After-sales service | ____________ |
2) Timely payment of proper taxes | ____________ |
____________ | Protest Anti Social Activities |
_____________ | Fair practices on the stock exchange |
Solution:
Group A | Group B |
1) After-sales service | consumer |
2) Timely payment of proper taxes | Government |
Society | Protest Anti Social Activities |
Shareholders | Fair practices on the stock exchange |
7. Consumer Protection
(High court Judge, Four, Consumer Organisations, does not exceeds Rs. one crore, 2019)
Group A | Group B |
1) Amount of compensation in District Commission | A. __________________ |
2) __________________ | B. State Commission |
3) Consumer Protection Act. | C. ____________ |
4) __________________ | D. non-profit and non Political organisation |
5) Member National Commission | E. ____________ |
Solution :
Group A | Group B |
1) Amount of compensation in District Commission | A. Does not exceed Rs. one crore |
2) High court Judge | B. State Commission |
3) Consumer Protection Act. | C. 2019 |
4) Consumer Organizations | D. non-profit and non Political organization |
5) Member National Commission | E. 5.4 |
8. Marketing
(Mercatus, Industrial goods, Oligopoly, E. Jerome McCarthy, Booms & Bitner)
Group ‘A’ | Group ‘B’ |
Commodity Market | ____________ |
____________ | A few sellers |
____________ | To trade merchandise |
4Ps | __________________ |
____________ | 3Ps |
Solution:
Group ‘A’ | Group ‘B’ |
A) Commodity Market | 1) Industrial Goods |
B) Oligopoly | 2) A few sellers |
C) Mercatus | 3) To trade Merchandise |
D) 4Ps | 4) E. Jerome McCarthy |
E) Booms & Bitner | 5) 3Ps |