Correct Answer: National Disaster Management Authority (NDMA)
   

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

The National Disaster Management Authority (NDMA) is the primary agency responsible for planning, coordinating, and implementing measures for disaster management in India. It operates under the Ministry of Home Affairs. The NDMA's main objective is to ensure a proactive, holistic, and coordinated approach to disaster management, including preparedness, mitigation, response, and recovery.

The NDMA is responsible for formulating policies, guidelines, and best practices related to disaster management. It provides direction and support to state governments and other stakeholders in building their capacity for effective disaster response. The agency also plays a crucial role in coordinating national-level efforts during disasters and providing technical assistance and resources when needed.

Correct Answer: By investing in employee training and innovation

Solution : The correct answer is (c) By investing in employee training and innovation

ABC Textiles invested in training its employees in the latest technologies and innovative techniques, demonstrating a commitment to adapting and staying competitive in the market. This investment in employee training and innovation aligns with the principles of entrepreneurship development, fostering adaptability, and enhancing the company's overall success.

Correct Answer: Empowering employees and involving them in decision-making
 

Solution : The correct answer is (b) Empowering employees and involving them in decision-making.

A participative leadership style, also known as democratic leadership, emphasizes involving team members in the decision-making process and valuing their input and opinions. It encourages collaboration, creativity, and a sense of ownership among employees. The supervisor seeks input from the team and considers their perspectives when making decisions, ultimately empowering employees to contribute to the organization's goals and objectives.

Correct Answer: Placing an order
 

Solution : The correct answer is (a) Placing an order

Placing an order involves specifying the details of the trade, including the type of security to be bought or sold, the quantity, the desired price, and any other relevant information. The broker then executes this order in the stock market on behalf of GHI Enterprises. Dematerialization and opening a demat account are essential steps in the broader trading process, but they usually occur before placing an order. Settlement is a subsequent step where the actual transfer of securities and funds occurs after a trade is executed. However, placing an order is the immediate next step right after selecting a broker.

Correct Answer: Order

Solution : The correct answer is (c) Order

The principle of "Order" in management emphasizes organizing and structuring the workplace to provide clear and precise instructions to employees. It involves arranging resources and activities in a systematic manner to ensure efficiency and effectiveness in operations. XYZ Retail Company's belief in providing clear and precise instructions to its employees aligns with the principle of order, aiming to streamline operations and create a well-organized work environment.

Correct Answer: The assertion is incorrect, the reason is correct.

Solution : The correct answer is (d) The assertion is incorrect, the reason is correct.

The assertion that scientific management principles aim to induce inefficiencies in work processes is incorrect. Scientific management principles, pioneered by Frederick Taylor and others, actually aim to improve efficiency and effectiveness in work processes by employing systematic approaches, time and motion studies, and data-driven methods to optimize performance.

The reason provided, stating that scientific management relies on data-driven methods to optimize performance, is correct. Scientific management emphasizes the use of data and scientific analysis to enhance productivity, efficiency, and performance within an organization.

Correct Answer: Fullfiling social responsibility

Solution : Principles of management not only help in achieving organisational goals but also guide managers in performing social responsibilities. Value to the customer,care for the environment, dealing with business associates comes under the social responsibility. 

Hence, Option B is correct.

Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

The assertion that scientific management principles aim to optimize worker output is correct. Scientific management, as advocated by Frederick Taylor and others, emphasizes optimizing efficiency and productivity to achieve the maximum output from workers.

The reason provided, stating that it promotes standardization and specialization in tasks, is also correct. Scientific management does indeed promote standardization and specialization to streamline processes and enhance productivity, which is a key aspect of optimizing worker output.

The reason explains and supports the assertion, making both assertions and reasons correct.

Correct Answer: Esprit de corps

Solution : The correct answer is (c) Esprit de corps.

"Esprit de corps" translates to the spirit of the group or team spirit. It emphasizes creating a sense of unity, cohesion, and camaraderie among employees within an organization. Encouraging a positive work environment and team collaboration fosters a sense of unity and belonging among the workforce, which can lead to increased morale, motivation, and overall organizational effectiveness.

Correct Answer: Economic objective
   

Solution : The correct answer is (a) Economic objective

The economic objective of management is primarily concerned with the financial performance and profitability of the organization. It involves managing resources and operations to ensure the company's economic well-being, which includes maximizing revenue, minimizing costs, and generating profits. While other objectives, such as the social objective or organizational objective, are important, the economic objective is a fundamental focus for most businesses, including retailers, to ensure their financial sustainability.