Correct Answer: The company has the option to buy back the debentures
    

Solution : The correct answer is (b) The company has the option to buy back the debentures

When debentures are labeled as "callable," it means that the issuing company has the right, but not the obligation, to buy back or redeem the debentures before their maturity date. Typically, there are specific terms and conditions outlined in the debenture agreement regarding when and how the company can exercise this option to call or buy back the debentures. This provides flexibility to the company to manage its debt and capital structure.

Correct Answer: Assertion is true, but the reason is false.

Solution : The correct answer is (c) Assertion is true, but the reason is false.

The assertion is true. Financial planning involves developing strategies and plans to efficiently manage the company's financial resources, including budgeting, forecasting, investment planning, and other financial aspects, to achieve its goals and objectives.

The reason is false. Financial planning considers both short-term and long-term goals of a business. Effective financial planning addresses the company's present financial needs and long-term financial sustainability, ensuring that resources are managed effectively to support the organization's overall strategic goals and objectives.

Correct Answer: Selection
  

Solution : The correct answer is (b) Selection

When the HR department at XYZ Ltd. uses case studies and presentations to evaluate candidates' problem-solving skills, it reflects the selection aspect of staffing. The selection process involves assessing and choosing the most suitable candidates for specific positions within the organization. Case studies and presentations are common methods used during the selection phase to evaluate a candidate's ability to analyze situations, think critically, and present solutions—qualities crucial for many roles, especially those requiring problem-solving skills.

Correct Answer: Primary market
 

Solution : The correct answer is (a) Primary market

When JKL Ltd. considers issuing bonds to finance the acquisition of the AI startup, the type of market activity associated with this action is Primary market. In the primary market, new securities such as bonds or stocks are issued and sold for the first time, directly by the issuing company or entity to investors. JKL Ltd. would be initiating this process by offering bonds to raise capital specifically for funding the acquisition, making it a primary market activity.

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 would include setting goals related to providing a wide range of trendy clothing options and achieving specific financial and operational objectives, and then creating strategies to realize those goals.

Correct Answer: Securities and Exchange Board of India
 

Solution : The correct answer is (a) Securities and Exchange Board of India

The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests of investors and promoting the development and regulation of the securities market.

Correct Answer: Planning may not work in a dynamic environment.
 

Solution : The business environment is dynamic in nature. The organisation has to constantly adapt itself to changes. Rigidities involves obstacles to effective planning. It is difficult to make accurate forecast.
Hence Option B is correct.

Correct Answer: Mergers and acquisitions

Solution : The correct answer is (c) Mergers and acquisitions

Strategic alliances often involve collaborations or partnerships between companies to achieve specific business objectives, such as expanding into new markets. Mergers and acquisitions (M&A) are the appropriate market activities in this scenario. M&A can take the form of partnerships, acquisitions, or joint ventures, all of which align with the concept of strategic alliances for international expansion.

Correct Answer: Planning Commission 

Solution : The correct option is the Planning Commission.

The Planning Commission is not a constitutional body, whereas the Election Commission (Article 324), Finance Commission (Article 280), and Public Service Commission (Articles 315–323) are.

The Planning Commission is a non-constitutional authority in charge of developing and executing five-year economic development plans in India. In 2015, It is known by NITI Aayog as of now.

Correct Answer: Setting objectives and goals
  

Solution : The correct answer is (a) Setting objectives and goals

Setting objectives and goals is typically the initial phase in the planning process. This step involves clearly defining what the company aims to achieve and outlining the desired outcomes. By establishing specific objectives, XYZ Manufacturing Company can provide direction for the subsequent planning steps, such as identifying potential risks, allocating resources, and evaluating alternatives. Clear goals will help guide the development of strategies and action plans to revamp their production processes and regain market share.