Question : Identify the incorrect statement given below:

Option 1: Present currency can work as money as it is a legal tender.

Option 2: Coins held by the public are limited legal tender.

Option 3: Central bank prints currency in India.

Option 4: Central banks do not deal with the general public.

Question : Which of the following statement is correct?
Statement 1: If the number of buyers is large then it is better to take the services of middleman for the distribution of the goods.
Statement 2: Buyers can  be of two types general buyers and industrial buyers.

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : A money bill under Article 111 of the Constitution of India, presented to the President for assent, has to be endorsed by a Certificate of the ____________ signed by him/her that it is a money bill.

Option 1: Speaker of the Lok Sabha

Option 2: Secretary General of the Rajya Sabha

Option 3: Deputy Chairman of the Rajya Sabha

Option 4: Secretary General of the Lok Sabha

Question : The size of Varun Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.

Option 1: Authority

Option 2: Responsibility

Option 3: Delegation

Option 4: Decentralisation

Question : The size of Vasu Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.

Option 1: Authority

Option 2: Responsibility

Option 3: Delegation

Option 4: Decentralisation