National Institute of Technology Tiruchirappalli
Question : The organization responsible for estimating poverty in India is:
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
Correct Answer: Planning Commission (now NITI Aayog)
Solution : The correct answer is (c) Planning Commission (now NITI Aayog)
The Planning Commission was responsible for formulating India's five-year plans and monitoring their implementation. It also used to estimate poverty in India, using data from the National Sample Survey Office (NSSO).
Question : Which organisation measures the Gross Domestic Product in India?
Option 1: RBI
Option 2: NITI Aayog
Option 3: SBI
Option 4: Central Statistics Office
Correct Answer: Central Statistics Office
Solution : The correct option is the Central Statistics Office.
The Central Statistics Office (CSO) in India, operating under the Ministry of Statistics and Programme Implementation, is entrusted with the task of calculating and disseminating economic data such as Gross Domestic Product (GDP). This government
Question : Which agency is responsible for maintaining health infrastructure in India?
Option 1: WHO (World Health Organization)
Option 2: UNICEF (United Nations International Children's Emergency Fund)
Option 3: NITI Aayog (National Institution for Transforming India)
Option 4: Ministry of Health and Family Welfare
Correct Answer: Ministry of Health and Family Welfare
Solution : The correct answer is (D) Ministry of Health and Family Welfare
The Ministry of Health and Family Welfare in India is primarily responsible for maintaining health infrastructure in the country. It is a government ministry that formulates and implements policies
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 in management 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
Question : If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for -
Option 1: Ready to use Software
Option 2: Customized Software
Option 3: Tailor-made Software
Option 4: Any of above
Correct Answer: Tailor-made Software
Solution : Software that has been created especially for one person, one business, or one organisation is referred to as tailored software, also known as bespoke software, customised software, or personalised applications. There are no restrictions on what the programme may do because it was created
Question : Financial institutions other than banks can be crucial in assisting individuals, small firms, and farmers who want to enter the home market. These financial firms can assist in providing credit and investments to persons who are typically not helped by traditional banks, giving them an opportunity to improve their lives. Rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. In India, one such financial organization is?
Option 1: State Bank of India
Option 2: National Bank for Agriculture and Rural Development
Option 3: NITI Ayog
Option 4: NGOs
Correct Answer: National Bank for Agriculture and Rural Development
Solution : An apex regulatory agency for the overall regulation of regional rural banks and apex cooperative banks in India is the National Bank for Agriculture and Rural Development. It is governed by the Ministry of Finance of the Indian Government.
Question : Which organisation is associated with the estimation of the poverty line in India?
Option 1: NITI Aayog
Option 2: Reserve Bank of India
Option 3: Indian Council of Agricultural Research
Option 4: National Sample Survey Organisation
Correct Answer: National Sample Survey Organisation
Solution : The correct answer is the National Sample Survey Organisation.
The National Sample Survey Organisation's consumer expenditure surveys serve as the basis for measuring poverty. A household is considered impoverished if its expenditures fall below a designated poverty threshold. The Indian government's primary
Question : Which government agency in India is responsible for entrepreneurship development?
Option 1: RBI (Reserve Bank of India)
Option 2: SEBI (Securities and Exchange Board of India)
Option 3: NITI Aayog
Option 4: SIDBI (Small Industries Development Bank of India)
Correct Answer: SIDBI (Small Industries Development Bank of India)
Solution : The answer is (d). SIDBI (Small Industries Development Bank of India) is responsible for entrepreneurship development in India.
SIDBI is a government-owned bank that provides financial and non-financial assistance to small and medium enterprises (SMEs). It also promotes entrepreneurship
Question : Economic Survey in India is published officially every year by the:
Option 3: Ministry of Finance
Option 4: Ministry of Commerce
Correct Answer: Ministry of Finance
Solution : The correct answer is the Ministry of Finance.
The Economic Survey of India is a yearly report that examines changes in the Indian economy over the previous 12 months and is published by the Finance Ministry of the Indian Government. The Finance
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