General
Question : A significant agreement between India and the US in the defense sector is the:
Option 1: Logistics Exchange Memorandum of Agreement (LEMOA)
Option 2: General Security of Military Information Agreement (GSOMIA)
Option 3: Communications Compatibility and Security Agreement (COMCASA)
Option 4: Basic Exchange and Cooperation Agreement (BECA)
Correct Answer: Logistics Exchange Memorandum of Agreement (LEMOA)
Solution : The Logistics Exchange Memorandum of Agreement (LEMOA) is a significant agreement between India and the US in the defense sector, which allows both countries to use each other's military facilities for logistics support.
Question : The principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment. Which significance of principal of management is discussed here?
Option 1: General guidelines
Option 2: Meeting changing environment requirements
Option 3: Scientific decisions
Option 4: None of the above
Correct Answer: Meeting changing environment requirements
Solution : Meeting changing environment requirements General guidelines is the nature of principles of management and meeting changing environment is the significance of principles of management.
Hence, Option B is correct.
Question : Complete the paragraphs to give them meanings
Although the share of cultivation in the in general GDP has reduced from around 60 per cent in the last two decades, its significance to the Indian financial system can barely be over stressed. _______ In the context of assuring food security and propagating comprehensive enlargement, strategies to refresh farming has become exceedingly pertinent. (A) Financial deficits as a amount of the GDP have come down but are still high by international yardsticks. (B) Infrastructural shortcomings can hold back further grown in the farming sector. (C) Recent instability in agricultural creation has had its impact not only on economic but on price steadiness as well.
Option 1: A and B
Option 2: Only A
Option 3: Only C
Option 4: Only C
Option 5: B and C
Correct Answer: Only C
Solution : The opening sentence highlights the importance of agriculture in the Indian economy. Sentence C follows emphasizing the fact that precariousness in agriculture production can have various undesirable impacts. Hence we have to invigorate agricultural field and this is the idea given in the last
Question : Who chairs the Monetary Policy Committee in India?
Option 1: Union Finance minister
Option 2: Deputy Governor, Reserve Bank of India
Option 3: Comptroller and Auditor General of India
Option 4: Governor, Reserve Bank of India
Correct Answer: Governor, Reserve Bank of India
Solution : The correct answer is the Governor, Reserve Bank of India.
The monetary policy in India is carried out under the authority of the Reserve Bank of India. The policy often targets inflation or interest rates to ensure price stability. This
Question : The size of Vasu Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.
Option 1: Authority
Option 2: Responsibility
Option 3: Delegation
Option 4: Decentralisation
Correct Answer: Decentralisation
Solution : Decentralization is the methodical delegation of power at all management levels and throughout the whole organisation. In a decentralisation concern, top management is still in charge of making important choices and formulating policies that affect the entire concern. The lower and middle levels of management
Question : Who is the Chief Law Officer of the Government of India ?
Option 1: The chief Justice of India
Option 2: The Registrar of the Supreme court
Option 3: The Law minister of India
Option 4: the Attorney general of India
Correct Answer: the Attorney general of India
Solution : Correct Answer is the Attorney general of India
The Chief Legal Advisor of the Government of India ,provides legal advice to the Union Government on all matters of law and order. This is a function of the Union Executive as per
Question : In bajaj industries the employees objectives were in direct contrast to organisational objectives. The employees ignore their own interest to give priority to organisations objectives. Which management principle is being highlighted in the given statement?
Option 1: Order
Option 2: Subordination of individual interest to general interest
Option 3: Equity
Correct Answer: Subordination of individual interest to general interest
Solution : According to this principle interest of the organisation as a whole must prevail over the interest of the individuals or employees.
Hence, option B is correct.
Question : The Governor-General of India was given the title of Viceroy for the first time in:
Option 1: 1857
Option 2: 1858
Option 3: 1856
Option 4: 1859
Correct Answer: 1858
Solution : The correct option is 1858.
The title of "Viceroy" for the Governor-General of India was officially introduced in 1858, it was Lord Canning who was the last Governor-General of India and the first Viceroy of India. The use of the title "Viceroy" reflected the
Question : In which year did the 2004 general elections take place in India?
Option 1: 2002
Option 2: 2004
Option 3: 2006
Option 4: 2008
Correct Answer: 2004
Solution : The 2004 general elections in India took place in 2004, leading to the formation of the United Progressive Alliance (UPA) government.
Question : Banwari, Girdhari and Murari are partners in a firm sharing profits and losses in the ratio of 4: 5: 6. On 31st March, 2014, Girdhari retired. On that date the capitals of Banwari, Girdhari and Murari before the necessary adjustments stood at Rs. 2,00,000, Rs.1,00,000 and Rs. 50,000 respectively. On Girdhari's retirement, goodwill of the firm was valued at Rs. 1,14,000. Revaluation of assets and reassessment of liabilities resulted in a profit of Rs. 6,000. General Reserve stood in the books of the firm at Rs. 30,000 .
The amount payable to Girdhari was transferred to his Loan Account. Banwari and Murari agreed to pay Girdhari two yearly instalments of Rs. 75,000 each including interest @ 10% p.a. on the outstanding balance during the first two years and the balance including interest in the third year. The firm closes its books on 31st March every year. Question: Amount Transferred to his loan Account will be .....
Option 1: Rs 1,30,000
Option 2: Rs 1,20,000
Option 3: Rs 1,50,000
Correct Answer: Rs 1,50,000
Solution : Answer = Rs 1,50,000
Amount due to Girdhari
Capital Balance = 1,00,000
Revaluation Profit ($60000\times\frac{5}{15}$) = 2000
⇒ General Reserve ($30000\times\frac{1}{2}$) = 10,000
⇒Goodwill (($114000\times\frac{1}{3}$) = 38000
Amount transfer to loan account = 1,50,000 Hence, the correct option is 3.
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