Question : What is a key advantage of using rail transport for long-distance freight in India?

Option 1: High speed

Option 2: Low cost per tonne-kilometer

Option 3: Door-to-door service

Option 4: Flexibility in route

Question : What impact has liberalization had on industrial location?

Option 1: Decreased competition among industries

Option 2: Restricted foreign investment

Option 3: Increased centralization of industries

Option 4: Greater flexibility in choosing locations

Question : Statement 1: Labor market flexibility is essential for promoting employment growth in India.

Statement 2: Labor market flexibility refers to the ease of hiring and firing workers.

Option 1: Both statements are true.

Option 2: Both statements are false.

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

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

Question : Which of the following limitation of planning is highlighted in the below statement?
To cope up with the circumstances managers need to be given some flexibility.
 

Option 1: Planning leads to rigidity.
 

Option 2: Planning may not work in a dynamic environment.
 

Option 3: Planning reduces creativity.
 

Option 4: Planning involves huge cost.
 

Question : The principles of management provide:

Option 1: A standardized approach to decision-making

Option 2: Flexibility in decision-making

Option 3: Ethical guidelines for organizations

Option 4: Industry-specific strategies