General
Question : The principles of management do not provide readymade strait jacket solutions to all managerial problems. Which nature of principles of management is highlighted in the given statement?
Option 1: General guidelines
Option 2: Flexible
Option 3: Universal application
Option 4: Formed by practice and experimentation
Correct Answer: General guidelines
Solution : Management principles do not provide readymade solutions. They have to be adjusted as per demand of the situation. This is because real business situations are very complex and dynamic.
Hence, option A is correct.
Question : Comprehension:
Read the following passage and answer the question. Another feature of the post-Cold War era is that since the West has become the victor of the East-West ideological rivalry, Western systems and Western influences, in general, have started to dominate the whole world. For example, the United States has visibly enhanced its influence in the Middle East and in the Caucasus since the end of the Cold War. The invasion of Kuwait by Iraq in August 1990 and the following Gulf Crisis, in a way, created an opportunity for the United States to exercise its hegemonic power in the Middle East. In the following years, in the absence of a counterpower, the influence of the United States increased further. With the military operation in Afghanistan and the invasion of Iraq after the September 11, 2001 attacks, the United States perpetuated its dominance in the region. The region of the Caucasus was formerly under the Russian sphere of influence. But the United States managed to enter this energy-rich region with some new allies that used to be part of the Soviet Union, such as Azerbaijan, Ukraine, and Georgia. Although Russia certainly did not want the United States' presence in the region, its ability to prevent it has remained limited. Likewise, NATO expanded to include Eastern Europe, a region that also used to be under Soviet influence. Russia, in the beginning, tried to resist NATO expansion, posing several threats, including creating a counter defense organisation. But it was eventually convinced by the project of "partnership for peace," through which it preserved many of its privileges in Eastern European countries.
Question: According to the passage, when did Iraq invade Kuwait?
Option 1: Septmber 2011
Option 2: Septmeber 1990
Option 3: August 2011
Option 4: August 1990
Correct Answer: August 1990
Solution : The fourth option is the correct choice.
The passage mentions that Iraq invaded Kuwait in August 1990. This event is highlighted in the context of the post-Cold War era, where the author discusses the consequences of the invasion, such as providing the United
Question : In India, who among the following is responsible for auditing all receipts and expenditures of the union and state governments?
Option 1: Attorney General for India
Option 2: Advocate General
Option 3: Union Public Service Commission
Option 4: Comptroller and Auditor General
Correct Answer: Comptroller and Auditor General
Solution : The correct answer is Comptroller and Auditor General.
In India, the Comptroller and Auditor General (CAG) is responsible for auditing all receipts and expenditures of the union and state governments. The CAG is an independent constitutional authority and plays a crucial role
Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.
Option 1: Prize fund
Option 2: General Reserve
Option 3: Capital Fund
Option 4: None of the above
Correct Answer: Prize fund
Solution : A Prize Fund is a fund set up to be used for distribution as prizes for achievements or contributions to the welfare of society. A prize fund represents a segregated pool of resources particularly assigned for disbursing rewards or recognition, often for accomplishments or
Question : A computer is available for INR 39,000 on cash payment or INR 19,000 as cash payment followed by five monthly instalments of INR 4,200 each. What is the rate of interest per annum under the instalment plan?
Option 1: $20 \frac{19}{29} \%$
Option 2: $20 \frac{17}{29} \%$
Option 3: $20 \frac{20}{29} \%$
Option 4: $20 \frac{18}{29} \%$
Correct Answer: $20 \frac{20}{29} \%$
Solution : Total cost of the computer = Rs. 39000 Down payment = Rs. 19000 Balance = Rs. 20000 Let the rate of interest be $r$ Here simple interest is denoted by S.I. Hence, the amount of Rs. 20000 for 5 months = $20000+ \frac{20000\times
Question : The definite general purposes leading towards the aim are commonly known as
Option 1: Goals
Option 2: Objectives
Option 3: Motives
Option 4: Targets
Correct Answer: Objectives
Solution : Neuromuscular development, organic vigour, personality development, good personal habits, useful living.
Question : Aman and Varun are partners sharing profits in the ratio of equally. Their Balance Sheet showed a balance of Rs 62,000 in the General Reserve Account and a debit balance of 20,000 in the Profit and Loss Account. They now decided to share the future profits 4:3. Instead of closing the General Reserve Account and Profit and Loss Account, it is decided to pass an adjustment entry for the same. In adjustment entry :
Option 1: Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Option 2: Dr. Aman by Rs 5,000; Cr. Varun by Rs 5,000
Option 3: Cr. Aman by Rs 5,000; Dr. Varun by Rs 5,000
Option 4: Cr. Aman by Rs 3,000; Dr. Varun by Rs 3,000
Correct Answer: Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Solution : Answer = Dr. Aman by Rs 3,000; Cr. Varun by Rs 3,000
Sacrificing ratio = O.R. - N.R.
Aman = 1/2 -4/7 = 7-8/14 = -1/14 x 42000 = 3000
Varun = 1/2 -3/7 = 7-6/14
Question : Comprehension: In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
By the (1)_________ we reach puberty, the world has reached us and (2)_________ us to a greater extent than we realise. (3)________ family, friends, school, and society in general (4)_________ by word and example, how to be. But people (5)_________ leaders at that moment when they decide for themselves how to be.
Question: Select the most appropriate option to fill in the blank number 1.
Option 1: time
Option 2: moment
Option 3: age
Option 4: era
Correct Answer: time
Solution : The first option is the correct answer.
In the sentence, "by the time" is an idiomatic expression indicating a particular point in time or the completion of a certain event. It conveys the idea that when puberty is reached, the influence of the world has
Question : Which Governor-General of India, in 1772, introduced two courts in each district – a Criminal Court (Faujdari Adalat) and a Civil Court (Diwani Adalat)?
Option 1: Robert Clive
Option 2: Richard Wellesley
Option 3: Warren Hastings
Option 4: Lord Dalhousie
Correct Answer: Warren Hastings
Solution : The correct answer is Warren Hastings
In 1772, Warren Hastings, the Governor-General of Bengal, established two courts in each district: the Faujdari Adalat for criminal cases and the Diwani Adalat for civil cases. To settle civil disputes in the district, the Diwani Adalat was
Question : In which year was the first general election held in India?
Option 1: 1947
Option 2: 1950
Option 3: 1951-52
Option 4: 1955
Correct Answer: 1951-52
Solution : The first general election in India was held in 1951-52, following the adoption of the Indian Constitution in 1950. This marked the beginning of the democratic process in the country.
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