Correct Answer: Time study

Solution : The correct answer is (b) Time study.

Time study is a fundamental component of scientific management, focusing on analyzing and measuring the time required for a worker to complete a particular task using the most efficient method. This technique helps in setting standard times for tasks, which enables organizations to optimize work processes, allocate resources effectively, and improve overall productivity.

Correct Answer: Both are true 
 

Solution : The aim of both Henry and Taylor principal is to secure maximum from available resources.
Taylor’s contribution is expressed as scientific management.
Hence option A is correct .

Correct Answer: All of the above

Solution : Following are the steps of organising process:
1. Identifying and dividing the work into manageable activities,
2. Departmentalisation/Departmentation,
3. Assignment of duties to job positions, and
4. Establishing reporting relationships.
Hence, the correct option is 4.

Correct Answer: Allocation of resources

Solution : The correct answer is (c) Allocation of resources

Allocation of resources is not a function of SEBI. SEBI primarily focuses on regulatory, protective, and developmental functions within the securities market. The allocation of resources is a broader economic concept related to efficient distribution and utilization of resources in the economy, and it is not specifically a role of SEBI.

Correct Answer: Guiding and supervising employees

Solution : The correct answer is (c) Guiding and supervising employees

Directing involves providing guidance, supervision, motivation, leadership, and communication to employees to ensure they work effectively and efficiently towards achieving organizational goals.

Correct Answer: Planning and controlling are simultaneous processes.

Solution : The correct answer is (d) Planning and controlling are simultaneous processes.

In the context of ABC Pharmaceuticals, planning and controlling are not strictly sequential; they often occur simultaneously and in an iterative manner. While planning sets the goals, standards, and strategies, controlling continuously monitors and evaluates the actual performance against these plans. If deviations or discrepancies are identified during the controlling process, adjustments can be made to both the plans and the actions being taken.

In other words, planning and controlling are interconnected processes that work together to ensure the company's goals are achieved while maintaining quality and regulatory compliance.

Correct Answer: National Disaster Management Authority (NDMA)
  

Solution : The correct answer is (B) National Disaster Management Authority (NDMA). 

The NDMA is an apex body established under the Disaster Management Act, 2005. It is responsible for laying down policies, plans, and guidelines for disaster management and coordinating the efforts of various ministries, departments, and agencies involved in disaster response and mitigation. The NDMA works towards enhancing the capacity of the country to deal with various types of disasters and promoting a holistic and integrated approach to disaster management at all levels.

Correct Answer: Ensuring transparency
 

Solution : The correct answer is (b) Ensuring transparency

The main aim of SEBI's protective functions is to ensure transparency in the securities market. SEBI's protective functions are designed to safeguard the interests of investors and maintain the integrity and fairness of the market. By enforcing regulations, preventing fraudulent practices, ensuring accurate and timely disclosure of information, and prohibiting insider trading, SEBI promotes transparency. Transparency is crucial for investor confidence, fair market practices, and the overall health and stability of the financial system. It allows investors to make informed decisions based on accurate and reliable information, fostering trust and contributing to the development and growth of the market.

Correct Answer: Middle-level management

Solution : The correct answer is (b) Middle-level management

Middle-level management is often responsible for translating the broad strategies and goals set by top management into detailed plans and policies that can be implemented at the departmental or unit level. They play a crucial role in aligning the organization's overall objectives with the specific actions and policies needed to achieve those objectives within their areas of responsibility.