Materials Management
Question : The country's 12th Indian Institute of Management (IIM) has been started at _______ in Uttarakhand.
Option 1: Kashipur
Option 2: Dehradun
Option 3: Haridwar
Option 4: Haldwani
Correct Answer: Kashipur
Solution : Correct Answer is Kashipur
Indian Institute of Management also known as IIM Kashipur, was established in Kashipur under the Eleventh Five Year Plan set up by the Government of India in 2011.
The union cabinet, chaired by Prime Minister Narendra Modi, approved the proposal to set up six new Indian Institutes of Management (IIMs) across the country.
The new IIMs would come up at Vishakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
Question:
In the context of XYZ Electronics, what does effective supervision entail?
Option 1: Micromanagement and control over every task
Option 2: Lack of communication with subordinates
Option 3: Providing guidance, support, and motivation
Option 4: Avoiding employee feedback and suggestions
Correct Answer: Providing guidance, support, and motivation
Solution : The correct answer is (c) Providing guidance, support, and motivation.
Effective supervision involves providing clear guidance to employees, offering support when needed, and motivating them to perform at their best. A good supervisor at XYZ Electronics would encourage open communication, provide constructive feedback, help in resolving issues, facilitate employee growth, and ensure that employees are equipped with the necessary resources to succeed in their roles. Effective supervision focuses on empowering and supporting employees to achieve their goals and contribute to the organization's success.
Question : Comprehension:
Read the given passage and answer the questions that follow.
Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.
Select the most appropriate ANTONYM of the given word with reference to its usage in the passage.
Debilitating
Option 1: Enfeebling
Option 2: Crippling
Option 3: Invigorating
Option 4: Undermining
Correct Answer: Invigorating
Solution : The correct choice is the second option.
Debilitating means to make someone very weak, whereas, "invigorating" means to make one feel strong and full of energy. Thus, making it the correct antonym for the given word.
The meanings of the other options are as follows:
Question : Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.
Billionaire Mukesh Ambani's telecom venture Reliance Jio Infocom is planning to foray into automobile telematics with the launch of a device that will control vehicle's movement and alert owner about fuel and battery through a mobile app. "Reliance Jio is ready with a car connected device that will have multiple features like immobilize car at the time of theft, alert owner about car movement, locate car and also provide wi-fi within car, The owner needs to use Jio sim in the device to avail benefits." an industry source said. The company is in advance talks with automobile companies to launch it very soon. "There are lots of factors that determine price, but price of the car connected device is estimated to be either equal to or less than its Jio's wifi device which costs around Rs 2,000," the source said. With help of Jio's car management device, the owner will get information about the way his driver is driving the car, the movement of vehicle can be restricted within a geography, switch on AC of car from any remote location, get alert of car break etc. "Jio is working on the modalities on its sales model for the existing cars as well" the source said. The device and application has been internally developed by Jio but the hardware device will be initially imported from China. "Jio has asked its device vendor to start making it in India after initial rollout," the source said. Besides this, the company is also scaling up its fibre to the home project for which it is running pilot in some cities including Delhi and Mumbai. "With Fibre to the home, Jio will focus on automatic entire home from entertainment to home surveillance to utility management, the source said. Jio has touched a customer base 7.24 crore and claims to be adding 1 lakh mobile subscribers per day. The company has set target to cross 10 crore customers by March 31, 2017.
Question: Which of the following is ensured mostly through the use of JIO sim?
Option 1: Security
Option 2: Better models
Option 3: More entertainment
Option 4: More comfort
Correct Answer: Security
Solution : The correct answer is option 1.
Explanation
Reading over all the services that Jio may offer via the Jio sim, it can be deduced that everything will be incredibly safe, from a car's position to its immobility when stolen or managing things in a home.
As a result, choice 1 is the right response.
Question : Taking the first step with self motivation is one of the traits of an intelligent person. Which of the following principles of management does the given statement indicate?
Option 1: Discipline
Option 2: Division of work
Option 3: Initiative
Option 4: Order
Correct Answer: Initiative
Solution : Initiative is a powerful motivator of human behaviour and a source of strength for the organisation. It Motivate employees to work better and they take more interest in the organisation.
Hence,option C is correct.
Question : Anglo India Ltd. has an Operating Profit Ratio of 10%. To maintain this ratio at 15%, management may ____________.
Option 1: Increase selling price of Stock in-trade.
Option 2: Reduce Cost of Revenue from Operations.
Option 3: Increase selling price of Stock-in-Trade and to reduce Cost of Revenue from Operations.
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = All of the above If S.P. increases, the cost of Revenue from operations Reduces, firm's Net profit will improve. So, in all cases, ROI would increase. Hence, the correct option is 4.
Question : Pune-based Zomato Ltd. is a maker of electronics products. It deals in both laptops and mobile phones in addition to products like books, musical instruments, videotapes, etc. The business was organised functionally, with separate divisions for production, marketing, and finance. The products were being looked after by all the functional heads, while occasionally their tasks crossed over. Conflicts between departments and issues with cooperation resulted from this. Rahul, the CEO of the company, chose to categorise computers and mobile phones under "consumer electronics" and books, musical instruments, videotapes, and other items under "Media" to facilitate specialisation. Rahul has completed a task related to one of the management functions in the process. Determine the action.
Option 1: Identification and division of work
Option 2: Departmentalisation
Option 3: Assignment of duties
Option 4: Establishing authority and reporting relationships
Correct Answer: Departmentalisation
Solution : Grouping similar and related jobs into larger units called departments, divisions or sections and placing them under a department head. It facilitates specialization. – The departments are linked together and are interdependent. Hence, the correct option is 2.
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
The management function of planning in ABC Retailers involves:
Option 1: Allocating resources to different departments
Option 2: Guiding and motivating employees
Option 3: Setting organizational goals and strategies
Option 4: Monitoring employee performance
Correct Answer: Setting organizational goals and strategies
Solution : The correct answer is (c) Setting organizational goals and strategies
Planning involves defining the organization's goals and objectives, and determining the strategies and actions necessary to achieve them. In the context of a retail business like ABC Retailers, this would include setting goals related to providing a wide range of trendy clothing options and outstanding customer service, and then creating strategies to realize those goals.
Question : Case Study:
ABC Manufacturing has implemented scientific management principles to improve productivity. Employees are encouraged to work together towards common goals. Which principle of scientific management is exemplified here?
Option 1: Harmony, not discord
Option 2: Cooperation, not individualism
Option 3: Development of each person to their greatest efficiency
Option 4: Science, not the rule of thumb
Correct Answer: Cooperation, not individualism
Solution : The correct answer is (b) Cooperation, not individualism
Cooperation, not individualism principle underscores the importance of fostering cooperation and collaboration among employees rather than relying solely on individual efforts. It aligns with the scenario where employees are encouraged to work together towards common goals, optimizing overall productivity. In summary, ABC Manufacturing encouraging employees to work together towards common goals aligns with the principle of "cooperation, not individualism," which promotes collaboration and collective efforts to optimize productivity and achieve organizational objectives.
Which level of management in ABC Retailers is responsible for formulating long-term strategic plans for the organization?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Correct Answer: Top management
Solution : The correct answer is (a) Top management
Top management, also known as senior management or executive management, is responsible for making strategic decisions, setting organizational goals, and formulating long-term plans and policies that guide the overall direction of the entire organization. Developing long-term strategic plans is a primary function of top management. Lower-level management focuses on more operational and day-to-day activities, while middle-level management is often involved in translating top-level strategies into specific departmental or unit plans.
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