Andhra Pradesh (APPSC) Assistant Professor Commerce Question -2009
Andhra Pradesh (APPSC) Assistant Professor Commerce Question -2009
World Trade Organization came into existence on
(a) 6-6-2001
(b) 30-6-1991
(c) 1-1-1993
(d) 1-1-1995
Child labour, Transparency, Human rights issues were decided in one of the ministerial Conferences listed below by WTO. Pick it up.
(a) Hong Kong Conference, 2005
(b) Cancun Conference , 2003
(c) Singapore Conference, 1996
(d) Doha Conference, 2001
The form of department often used in the sales function is
(a) By Territory
(b) By Process
(c) Matrix Structure
(d) By time
Which of the following statemens reflects the relations between line and staff?
(a) Line in superior to staff
(b) Line is operational staff is advisory
(c) Staff advice has always to be obeyed
(d) Line and staff are independent of each other
The tendency to disperse decision making authority in an organized structure is called
(a) Centralisation
(b) Decentralisation
(c) Departmentation
(d) Using power
A firm producing that output at which the marginal cost intersects with the marginal cost curve intersects with the marginal revenue curve from down, is known as
(a) Representative firm
(b) Normal firm
(c) Optimum firm
(d) Equilibrium firm
What is the main purpose of internal communication?
(a) Control
(b) Instruction
(c) Information
(d) Motivation
IDPL unit prepares key formulations of drugs, Hundreds of drug firms are established which take key formulations from IDPL, The IDPL comes under
(a) Genetic industry
(b) Propulsive industry
(c) Assembling industry
(d) Pollutant industry
Integration and synchronization of group efforts in the organization to achieve organizational goals is called
(a) Group effort
(b) Team work
(c) Efficiency
(d) Co-ordination
Which one is the main purpose of management information system?
(a) Assess and distribute information
(b) Record and file information
(c) Spy on employee
(d) keep track of the environment
Organisational technique of control can be differentiated into
(a) Feedback and feel forward
(b) Qualitative and quantitaive
(c) Monetary and non-budgetary
(d) Budgetary and non- budgetary
How are committees useful as a technique of co-ordination?
(a) They allow careful consideration of all aspects
(b) Group decisions can be taken
(c) They allow scope for different shades of opinion
(d) All of the above
One of the following was not an objective of industrial policy 1991.
(a) To speed up liberalization measure
(b) To attain international competitiveness
(c) To attain self reliance through import substitution
(d) To maintain sustained growth in productivity and gainful employment
Vertical integration is resorted in case
(a) Technical optima is smaller than managerial optima
(b) Managerial optima is smaller than technical optima
(c) Managerial optima is smaller than marketing optima
(d) Financial optima is smaller than managerial optima
The job of controlling is carries out by
(a) Executive specially appointed for the purpose
(b) Top management
(c) Operational managers
(d) All managerial staff
Curiosity, manipulation, power, security and status are example of
(a) Primary motives
(b) General motives
(c) Secondary motives
(d) Non motives
One of the factors below does not determine the size of the unit:
(a) Level of satisfaction among workers
(b) Nature of the product
(c) size of the market
(d) Government incentives and regulations
One of the following is not a force which determines the optimum size of the unit:
(a) Technical forces
(b) Financial forces
(c) Marketing and managerial forces
(d) Profitability forces
The inner state activating and channeling behavior towards goals is called
(a) Attitude
(b) Belief
(c) Motive
(d) Value
Expectancy theory of motivation was brought out by
(a) Herzberg
(b) Vroom
(c) Alderfer
(d) Maslow
McClelland’s Needs theory explains needs for_________, affiliation and power.
(a) Promotion
(b) Growth
(c) Money
(d) Achievement
Hezberg’s theory consists of_____ and motivational factors.
(a) Monetary
(b) Power
(c) Hygiene
(d) Achievement
Theories of leadership include, trait, behavior and
(a) Situational
(b) Motivational
(c) Intellectual
(d) Personal
Likert’s four systems of leadership are Exploitative and benevolent, Authoritative, consultative and
(a) Democratic
(b) Autocratic
(c) Supportive
(d) Production
Situational leadership theory focused on
(a) Leaders
(b) Goals
(c) Followers
(d) Production
‘Ubiquities’ and ‘Antiquities’ are the terms used in the location theory propounded by
(a) Pigou
(b) Sargent florence
(c) Adam smith
(d) Alfred Weber
The concept of “Growth Centres” has been recommended by the
(a) Narayana Murthy Committee
(b) Pande Committee
(c) Sivaraman Committee
(d) Chore Committee
In group meetings, there will be two phases of inertia, than_____periods followed by a flurry of activites.
(a) Transition
(b) Break
(c) Discussion
(d) Silence
Coordination and execution of task will be better in
(a) Large group
(b) Formal group
(c) Informal group
(d) Small group
Most common group decision making technique used is
(a) Delphi technique
(b) Interaction meeting
(c) Brainstorming
(d) Nominal group
The formula for measuring net labour turnover is
(a) NLT = (Total replacements)/(Average workforce) ×100
(b) NLT = (Total replacements)/(Marginal workforce) ×100
(c) NLT = (Total replacements)/(Total workforce) ×100
(d) NLT = (Total Workforce)/(Toal replacements) ×100
Industrial disputes Act envisages compulsory adjudication of industrial disputes when
(a) Parties fail to agree
(b) Government decides by way of reference
(c) Both a and b
(d) Insistence by one of the parties
Among the several methods of settlement of disputes, the best one is
(a) Conciliation
(b) Adjudication
(c) Tripartite agreement
(d) Collective bargaining
The workers participation rate indicates the percentage of
(a) Total main workers plus marginal workers in the total population
(b) Total workers plus average workers in the total population
(c) Main workers to the total population
(d) Marginal workers to the total population
India adopted the code of ‘discipline’ in the year
(a) 1947
(b) 1956
(c) 1958
(d) 1991
The systems approach to industrial relations was given by
(a) D.H. Robertson
(b) Allan Flanders
(c) Dunlop
(d) Edwin cannon
Outsourcing of business operations by MNCs has led to
(a) Loss in the bargaining strength of labour
(b) Gain in the bargaining strength of labour
(c) Reduction in the supply of labour
(d) Increase in the supply of labour
NEGP refers to
(a) National Emergency Guarantee Programme
(b) National Employment Guarantee Programme
(c) National Energy and child Programme
(d) National Education Guarantee proramme
Who publishes the ‘Rural Labour Enquiry Reports’?
(a) Finance Department, Govt, of India
(b) NABARD
(c) Labour Bureau, Ministry of labour
(d) RBI
One of the statements given below is true. Pick it up.
(a) Workers participation in management and the presence of strong collective bargaining power of labour in a firm do not go together
(b) Collective bargaining is the root cause of low labour productivity in india
(c) Workers participation in management creates more distrust among workers and management
(d) Workers participation in management is possible in unorganized labour
EAS refers to
(a) Education Assurance scheme
(b) Employment Assurance scheme
(c) Earnings Assurance scheme
(d) Employment Assistance scheme
Government of India implemented two scheme to remove the unemployment of youth, they are
(a) TRYSEM and PMRY
(b) SGSY and TRYSEM
(c) PMGY and PMRY
(d) PMRY and SGSY
One of the following does not come under unorganized labour:
(a) Building and construction workers
(b) Fishermen
(c) Bidi workers
(d) Handicraft workers
Industrial relations is used to describe the nature of relationship between
(a) Employers and employees
(b) Workers and workers
(c) Employees and middlemen
(d) Government and industry
Labour- Management relations is the constitutional guarantee in one of the following countries. Which one is it?
(a) England
(b) Japan
(c) Malaysia
(d) India
Collective bargaining is
(a) A process of social change
(b) A peace treaty between two parties in continual conflicts
(c) A system of industrial jurisprudence
(d) All of these
The bargaining between all the trade unions of workers in the same industry through their federal organizations and the employers federation is
(a) Single plant bargaining
(b) Multiple plant bargaining
(c) Multiple employer bargaining
(d) Single employer bargaining
Demand for labour is dependent on one of the following:
(a) Demand for products made by labour
(b) Number of workers available in the country
(c) Number of leisure hours
(d) Number of mandays worked in previous year
The three main tripartite committee set up in 1954 is
(a) Central implementation and evaluation Machinery
(b) Committee on conventions
(c) Steering Committee on Wages
(d) National Productivity Council
NCL refers to
(a) National council on Labour
(b) National Committee on Labour
(c) National Commission on Labour
(d) National Central Committee of Trade Unions
ILC refers to
(a) Indian labour committee
(b) Indian labour conference
(c) Indian Labour commission
(d) Indian labour control
The main objective of labour legislation is to
(a) Protect workers from exploitation
(b) Strengthen industrial relations
(c) Provide machinery for settling industrial disputes and welfare of workers
(d) All of these
Social security legislation acts include
(a) Indian disputes Act, industrial Employment Act, trade union Act
(b) Factories Act, Payment of Wages Act, Minimum Wages Act
(c) Equal Remuneration Act, payment of bonus Act, Employment Exchange Act
(d) Employees state insurance Act, Employees provident fund Act, Payment of gratuity Act
One of the statements given below is incorrect pick up.
(a) Indian social system is based on Beveridge plan of UK
(b) Labour management negotiations are unilateral, bipartite and tripartite as well
(c) Political interference in trade union cannot be avoided
The other name for unfair labour practice is
(a) Trade Union Victimisation
(b) Unfair Labour Victimisation
(c) Labour Discrimination
(d) Unfair Trade Practice
Which of the following is not a measure of efficiency?
(a) Input output ratio
(b) Profitability index
(c) Capital employed
(d) Labour Productivity
A group of firms, carrying on similar types of activity is called
(a) Industry
(b) Business
(c) Firms
(d) Plant
Which of the following is an example for industry’s goods?
(a) Raw grapes
(b) Rice
(c) Paddy
(d) Potatoes
SAIL was established in 1973 as a
(a) Holding company
(b) Private company
(c) Public limited company
(d) Multi unit enterprise
A Firm, in which existing condition of technique and organization ability, has the lowest agerage cost of production per unit is called
(a) Small sized firm
(b) optimum sized firm
(c) Big sized firm
(d) Moderate sized firm
A small change in sales results in disproportionate change in EBIT, other things being equal, is called
(a) Operating leverage
(b) Financial leverage
(c) Combined leverage
(d) Fixed leverage
Clientele effect is relatively more associated with
(a) Capital structure decision
(b) Asset structure decision
(c) Dividend decision
(d) Investment decision
Which one of the following is not a motive for holding cash?
(a) Profit motive
(b) Precautionary motive
(c) Transaction motive
(d) Speculative motive
_____model is an approach that provides for cost efficient cash balances.
(a) Miller – Orr Model
(b) Baumol model
(c) MM model
(d) Lintner model
‘ Factoring’ as a financial service is associated with
(a) Cash
(b) Inventory
(c) Account Receivable
(d) Bank Balance
In a JIT Environment the flow of goods is controlled by
(a) Push approach
(b) Both pull and push approach
(c) No stock approach
(d) Pull approach
A firm in which lower level of current assets is supporting a given level of output is pursing
(a) Conservative policy
(b) Aggressive policy
(c) Highly aggressive policy
(d) Hedging policy
A policy that involves matching of assets and liability maturity is called
(a) Conservative Policy
(b) Aggressive policy
(c) Highly policy
(d) Hedging policy
The ratio that measure the ability of the firm to make committed payments is called
(a) Debt equity ratio
(b) Net profit ratio
(c) Debt service coverage ratio
(d) P/V ratio
Break even point and margin of safety can be determined by using
(a) Liquidity ratio
(b) P/V ratio
(c) Stock turnover ratio
(d) Solvency ratio
HMT Ltd. is an example of a/an
(a) Firm
(b) Plant
(c) Industry
(d) Service organization
One of the following is not a measure of size. Identify.
(a) Capital employed
(b) Profit
(c) Number of workers
(d) Power consumed in units
Which of the following has government ownership, control and participation in business decision as an essential feature?
(a) Public sector organization
(b) Monopoly organization
(c) Joint stock company
(d) Cooperative society
The concept of joint sector was introduced by Govt. of India on the recommendations of
(a) Narasimhan Committee
(b) Dutt Committee
(c) Rangrajan Committee
(d) Rajindra sachar committee
Indian Railways is an example for
(a) Government Company
(b) Independent Corporate Authority
(c) Departmental Undertaking
(d) Statutory Corporation
A company in which not less than 51 percent of paid-up share capital is held by the central government or state government or partly by the central government and partly by one or more state Government is a
(a) Statutory Corporation
(b) Government Company
(c) Public limited company
(d) Departmental undertaking
The process of withdrawing one’s stake either in full or party by the government is called
(a) Disinvestment
(b) Sale
(c) Lease
(d) Privatization
Internal diseconomies of scale happen
(a) When a decrease in the scale of production leads to a lower cost per unit
(b) When an increase in the scale of production leads to a higher cost per unit
(c) When a decrease in the scale of production leads to a higher cost per unit
(d) When an increase in the scale of production leads to a lower cost per unit
Returns to factors refer to
(a) Output generated as a result of change in one or more factors, other things remaining the same
(b) Input lowered as a result of change in one or more factors, other things remaining the same
(c) Inputs generated as a result of change in one or more factors, other things remaining the same
(d) Output lowered as a result of change in one or more factors, other things remaining the same
The problem of labour absenteeism in India. Was first brought out by
(a) The Royal Commission
(b) Baldev and Sharma
(c) Panakal and Rao
(d) D.M. Butani
The average rate of absenteeism of all industries during 1980s was
(a) 10-73%
(b) 16.73%
(c) 20.73%
(d) 26.73%
The disguised unemployment refers to
(a) Person with no jobs
(b) More persons employed for a job which a few can accomplish
(c) Unemployment among disabled
(d) Highly qualified people working inlow paid jobs
The credit for forming the first industrial union in 1918 goes to
(a) N.M. Lokhande
(b) B.P. Wadia
(c) Lala Lajpat Rai
(d) N.M. Joshi
Prime benefit accruing to the employees are usually
(a) Wage supplements
(b) Non-wage benefits
(c) Bonus
(d) Fringe benefits
The report of the first national commission on labour was submitted in
(a) 1959
(b) 1969
(c) 1949
(d) 1979
The structure of workforce involved in manufacturing activity is
(a) 8.7%
(b) 10.7%
(c) 11.1%
(d) 9.2%
During the recent period nearly 50% of GDP is being contributed by
(a) Agriculture sector
(b) Service factor
(c) Manufacturing sector
(d) External sector
The page of employment growth in the manufacturing sector during the post-reform periods has
(a) Slackened from 2.06% to 1.73%
(b) Increased from 2.06% to 3.0%
(c) Remained constant at 2.06%
(d) Increased to 4%
There is a consistent decline in the mode of employment in
(a) Casual labour
(b) Self employment
(c) Regular employment
(d) Private sector employment
The ratio that indicates what proportion of Earning per share has been used for paying dividend is called
(a) Coverage ratio
(b) Payout ratio
(c) Yield ratio
(d) Solvency ratio
Return on investment (ROI) is a
(a) Decision criterion
(b) Performance criterion
(c) Solvency criterion
(d) Liquidity criterion
The Liquidity ration is satisfactory when it is
(a) 2:1
(b) 1:2
(c) 1:4
(d) 1:1
‘Core Working Capital’ is more or less of a
(a) Fluctuating nature
(b) Fixed nature
(c) Both fixed and fluctuating nature
(d) Cyclical nature
Yield on share is equal to
(a) DPS/(Market price of share)×100
(b) EPS/(Market price of share)×100
(c) DPS/EPS
(d) PAT/(Total Investment)
The earning power of the company depends upon
(a) Debt equity ratio
(b) Capital gearing ratio
(c) Net profit to capital turnover ratio
(d) Liquidity ratio
Cash flow in capital budgeting decision means
(a) PAT + Cash items
(b) PAT + Depreciation
(c) PAT + Non assets
(d) PBT
One of the following is not a source of funds. What is that?
(a) Short term borrowing
(b) Sale of fixed assets
(c) Decrease in deferred payment Liabilities
(d) Depreciation
In Capital budgeting decisions, the time value of money is considered in case of
(a) Payback
(b) ARR
(c) NPV
(d) IRR
Cost of capital serves as______ rate for capital investment
(a) Internal
(b) Moderate
(c) Expected
(d) Cut-off
According to traditional approach the cost of capital is affected by
(a) Debt equity mix
(b) Equity capital
(c) Asset structure
(d) Preferential shares
Substitution of home-made leverage into corporate leverage is highlighted in capital structure theory of
(a) Lintner
(b) Gorden
(c) Modigliani and Miller
(d) Alexander Barges
Trading on equity implies a _______ debt equity ratio.
(a) Low
(b) High
(c) Medium
(d) Very low
The capital Asset Pricing Model (CAPM) was developed by
(a) Eugene Fama
(b) William sharpe
(c) Markowitz
(d) Dow Jones
Depreciation is included in costs in case of
(a) Payback method
(b) Profitability index
(c) Average rate of return
(d) Internal rate of return
Operating profit means
(a) Profit before returns
(b) Profit before tax
(c) Profit before interest and tax
(d) Profit after tax
Bird-in-hand theory of dividend was advocated by
(a) Gorden and Lintner
(b) Litzenberger
(c) David Durand
(d) Modigilani and miller
The financial transaction wherein an investor purchase a security only for the dividend and sells it after receiving the same is called
(a) Dividend stripping
(b) Dividend transaction
(c) Security transaction
(d) Dividend yield
Projects which compete with each other in capital investment decisions are called
(a) Independent projects
(b) Mutually exclusive projects
(c) Contingent projects
(d) Long-term-projects
Which one of the following is not a capital budgeting decision?
(a) Diversification
(b) Expansion
(c) Investment in current assets
(d) Replacement
The cost of depreciation generation funds is equal to
(a) Cost of equity
(b) Cost of debt
(c) Overall cost of capital
(d) Cost of retained earnings
The interest rate that equated the persent value of the expected future cash flows to the initial cost outlay is
(a) ARR
(b) NPV
(c) IRR
(d) Payback
The most important variable while calculating the cost of debt is
(a) Earnings
(b) Dividends
(c) Investment
(d) Tax rate
Which one of the following will take place when a fair return is not realized as capitalization?
(a) Under capitalization
(b) Moderate capitalization
(c) Over capitalization
(d) No capitalization
The ratio that indicates a firm’s commitment to meet short-term liabilities is called
(a) Proprietory ratio
(b) Turnover ratio
(c) ROI
(d) Current Ratio
Sales value variance is the difference between
(a) Standard sales and actual sales
(b) Budgeting sales and actual sales
(c) Standard sales and budgeting sales
(d) Industry sales and firm’s sales
When margin of safety is 20% and P/V ratio is 60 % the profit will be
(a) 30%
(b) 331/2 %
(c) 12%
(d)16%
The difference between fixed and variable cost has a special significance in the preparation of
(a) Master budget
(b) Flexible budget
(c) Cash budget
(d) Functional budget
The time normally taken in replenishing inventory after the order has been placed is
(a) Gastation time
(b) Operating time
(c) Lead time
(d) Replenishing time
Market Risk is measured by
(a) Beta co-efficient
(b) EBIT
(c) Degree of leverage
(d) Degree of freedom
The concept of representative firm was introduced by
(a) Alfred Marshall
(b) J.M. Keynes
(c) Adam Smith
(d) Amartya sen
The deductive theory of industrial location was propounded by
(a) S.R. Dennison
(b) Sargent Florence
(c) Alfred Weber
(d) E.A.G. Robinson
Sargent Florence has popularized one of the following factors:
(a) Locational weight
(b) Labour coefficient
(c) Coefficient of localisation
(d) Dead weight
Which one of the factors is not a significantly influencing factor for industrial location?
(a) Availability of raw materials
(b) Access to market
(c) Financial Facilities
(d) Power Resources
The two working group set up to study the Problem of industrial backwardness are
(a) Tandon and chore committee
(b) B.D. Pandey and N.N. Wanchoo Committee
(c) Narasimham and Vaghul Committee
(d) B.M. Birla and Narayana Murthy Committee
Two factors theory of motivation was developed by
(a) Abraham Maslow
(b) Freud
(c) Philip Kotler
(d) Frederick Herzberg
Inner circles and outcircle concepts were used while defining a Large Industrial House by a Committee Known as
(a) Tiwari Committee
(b) Dutt Committee
(c) R.k. Hazari committee
(d) Pande committee
One of the following is not a multiplant unit. Pick it up.
(a) Hindustan Aeronautics Ltd.
(b) Andhra Pradesh Dairy Development Corporation Ltd.
(c) Hindustan Machine Tools Ltd.
(d) Bharat heavy Electricals Ltd.
The grid approach to organization development was developed by
(a) Black and mouton
(b) Herbert Simon
(c) Peter Drucker
(d) Harold Koontz
Location of a plant is influenced by one of the following . pick it up.
(a) Profits
(b) Infrastructural facilities
(c) Capital availability
(d) Competition
An informal alliance among individuals or group that is designed to achieve some common objective is called
(a) Intuition
(b) Crisis
(c) Coalition
(d) Escalation
The goals that are established by top management and reflect their intentions of what the organization is to accomplish are called
(a) Tactical goals
(b) Strategic goals
(c) Operational goals
(d) Unattainable goals
A plan that is used to operationalise another plan is known as
(a) Action plan
(b) Reaction plan
(c) Production plan
(d) Intermediate plan
One of the following is not a public sector multiplant unit. Pick it up.
(a) National mineral development corporation
(b) National thermal power corporation
(c) Singareni collieries ltd.
(d) Oil and natural gas organization
Job enrichment was developed by
(a) Griffin
(b) Frederick Herzberg
(c) F.w. Taylor
(d) Phillip Dunlop
_____approach deals with both the work system and the workers’s individual preferences.
(a) Job rotation
(b) Job enlargement
(c) Job enrichment
(d) Job characteristics
A ‘Congregation’ or body of persons assembled at a particular time and place for economic purpose is known as a/an
(a) Firm
(b) Plant
(c) Industry
(d) Service organization
One of the following is not associated with span of management. Who is he?
(a) Merton Miller
(b) Ralph davis
(c) Graicunas
(d) Lyndall urwick
A conglomerate is an organization composed of a number of
(a) Related business
(b) Unrelated business
(c) Both related and unrelated business
(d) Centralised business
Hospitals and universities are examples of
(a) Professional bureaucracies
(b) Bureaucracies
(c) Mission bureaucracies
(d) Adhocracy
The human relations approach to theory of motivational was developed by
(a) Maslow
(b) Murray
(c) Atkinson
(d) Hawthrone
One of the following is known as the Economic constitution of India. Pick it up.
(a) Industrial policy resolution, 1948
(b) Industrial policy resolution, 1956
(c) Industrial policy statement, 1961
(d) Industrial (Development and Regulation) Act, 1951
Integrating a national economy into a world economy is known as
(a) Privatization
(b) Liberalization
(c) Globalization
(d) Denationalization
When a group member attains benefit from the group without doing an appropriate share of the work it is called
(a) Dominance
(b) Conflict
(c) Diffusion
(d) Free riding
Which one is not the principal upward communication channel?
(a) Open door policy
(b) Ombudsman
(c) Special meetings
(d) Accenting
Personal role conflict occurs when
(a) It results from contradictory role message for the same role
(b) The same person transmits conflicting message
(c) A person experiences conflict between two or more roles
(d) The requirements of the job are in conflict with the workers’s values, attitudes, and needs
A leadership behavior centered on the concern for subordinate feelings and respect for their ideas is known as
(a) Job-centered leader behaviour
(b) Employee-centered leader behaviour
(c) Consideration leader behaviour
(d) Initiating structure leader behaviour
What is the relation between effectiveness and efficiency as far as planning is concerned?
(a) Effectiveness and efficiency are interlinked
(b) Effectiveness follows efficiency
(c) Efficiency follows effectiveness
(d) Effectiveness and efficiency have no relationship
Chronological sequences of required actions are
(a) Budgets
(b) Rules
(c) Policies
(d) Procedures
One of the following is not a commonly stated problem of the small scale sector:
(a) Raw material
(b) Marketing
(c) Technology upgradation
(d) Income tax