Planning
Question : The Planning Commission of India has divided India into how many Agro-climatic Zones?
Option 1: 15
Option 2: 25
Option 3: 18
Option 4: 20
Correct Answer: 15
Solution : The correct option is 15.
The Planning Commission of India, which has now been replaced by the NITI Aayog (National Institution for Transforming India), had divided India into 15 agro-climatic zones. This classification was done to facilitate agricultural planning and development due to the diverse agro-climatic conditions across the country. These zone factors, such as soil types, temperature, rainfall, and other agro-climatic parameters, provide a framework for region-specific agricultural strategies and policies.
Question : Case Study 81
OPQ Ltd. is a technology startup planning to trade its shares on a stock exchange. The company's management is reviewing the protective functions of SEBI.
Question :
What is the main aim of SEBI's protective functions?
Option 1: Promoting economic growth
Option 2: Ensuring transparency
Option 3: Encouraging mergers
Option 4: Setting dividend rates
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.
Question : Case Study: ABC Educational Institute
ABC Educational Institute is a reputed school with a large student population. The management is planning to introduce a new curriculum to meet the changing educational needs. Question: The type of plan that ABC Educational Institute should develop to implement the new curriculum is:
Option 1: Tactical plan
Option 2: Strategic plan
Option 3: Contingency plan
Option 4: Operational plan
Correct Answer: Strategic plan
Solution : The correct answer is (b) Strategic plan
A strategic plan is most appropriate when an organization, in this case, a school like ABC Educational Institute, is making significant changes such as introducing a new curriculum. A strategic plan would involve setting long-term goals, outlining key strategies, and aligning resources to achieve those goals. It provides a roadmap for the overall direction and vision of the educational institution.
Question : A company is manufacturing garments. The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. Identify the step of planning process?
Option 1: Developing premises
Option 2: Evaluating the alternative course of action
Option 3: Selecting an alternative
Option 4: Identifying alternative courses of action
Correct Answer: Identifying alternative courses of action
Solution : After setting up of objective, the manager make a list of alternatives through which the organisation can achieve its objective as there can be many ways to achieve the objective and manager must know all the ways to reach the objectives. In the above case, The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. This lines shows Identifying alternative courses of action Hence, option 4 is the correct answer.
Question : 'Planning is thinking process, the organised foresight, the vision based on facts and experience i.e. required for intelligent action.' This defination of planning is given by.
Option 1: Henry fayol
Option 2: Alfred and beatty
Option 3: Hurley
Option 4: FW Taylor
Correct Answer: Alfred and beatty
Solution : According to Alfred and Beaty: “Planning is the thinking process, the organized forecast, the vision based on fact and experience that is required for intelligent action.” Planning is a process in which decisions are taken in advance. Hence, option 2 is the correct answer.
Question : For which one of the following commissions there is no provision in the Indian Constitution?
Option 1: Election Commission
Option 2: Finance Commission
Option 3: Planning Commission
Option 4: Union Public Service Commission
Correct Answer: Planning Commission
Solution : The correct option is the Planning Commission.
The Planning Commission was superseded in 2015 by the NITI Aayog (National Institution for Transforming India), which is a statutory entity rather than a constitutional one. Furthermore, the National Development Council (NDC) is a platform that brings together central and state governments to discuss and coordinate development initiatives, rather than a constitutional body.
Question : Case Study 4:
PQR Inc. is a global corporation with a diversified portfolio. The company is planning to expand its operations into new markets and needs a skilled workforce. Evaluate the following scenarios and choose the correct option: Question:
To assess the effectiveness of the newly recruited employees, PQR Inc. conducts performance reviews at regular intervals. What aspect of staffing does this relate to?
Option 1: Recruitment
Option 2: Selection
Option 3: Training and development
Option 4: Performance appraisal
Correct Answer: Performance appraisal
Solution : The correct answer is (d) Performance appraisal
When PQR Inc. conducts performance reviews at regular intervals to assess the effectiveness of newly recruited employees, it relates to the performance appraisal aspect of staffing. Performance appraisal involves the systematic evaluation of employees' job performance, providing feedback on their strengths and areas for improvement. Regular performance reviews help in understanding how well employees are adapting to their roles and contributing to the organization, informing decisions related to training, development, and future career opportunities.
Question : It ensures optimum use of resources through better planning organising staffing directing and controlling it shows us which importance of Management is highlighted here?
Option 1: Achieving group goals
Option 2: Create a dynamic organisation
Option 3: Development of society
Option 4: Increases efficiency
Correct Answer: Increases efficiency
Solution : Efficiency means doing the task correctly and with the minimum cost, increases managerial function efficiency.
Hence, Option D is correct.
Question : The Economic Survey of India is presented annually by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Finance
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: Planning Commission
Correct Answer: Ministry of Finance
Solution : The correct answer is (b) Ministry of Finance.
The Economic Survey of India is a flagship document that provides an assessment of the country's economic performance, highlights key policy issues, and offers policy recommendations. It is prepared by the Economic Division of the Department of Economic Affairs, Ministry of Finance.
The Economic Survey is typically presented in the Indian Parliament a day before the Union Budget is presented. It serves as a valuable source of information and analysis for policymakers, economists, researchers, and the general public, offering insights into the state of the Indian economy, emerging trends, and policy challenges.
Question : Case Study: STU Educational Institute
STU Educational Institute is a well-reputed school offering various academic programs. They are planning to enhance their extracurricular activities to foster holistic development among students. Question:
The step STU Educational Institute should take to identify potential challenges and opportunities in enhancing extracurricular activities is:
Option 1: Evaluating alternatives
Option 2: Setting objectives and goals
Option 3: Identifying potential risks
Option 4: Allocating resources
Correct Answer: Identifying potential risks
Solution : The correct answer is (c). Identifying potential risks
Identifying potential risks allows STU Educational Institute to proactively address and mitigate obstacles that may arise during the process of enhancing extracurricular activities.
Therefore, Identifying potential risks is the most appropriate choice for identifying challenges and opportunities in enhancing extracurricular activities.
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