Question : Which objective of government budget is highlighted here? Development of infrastructure facilities enhances the production activity of different sectors of the economy. This implies a sustainable increase in the real GDP.
Option 1: Management of public enterprises
Option 2: Economic growth
Option 3: Reducing regional disparities
Option 4: Employment generation
Correct Answer: Economic growth
Solution : Under economic growth, development of infrastructure facilities enhances the production activity of different sectors of the economy. This implies a sustainable increase in the real GDP. There is an increase in the volume of goods and services produced in the economy. Hence Option B is correct.
Question : Which objective of government budget is highlighted here? The taxation and government spending helps to Set up production unit in the economically backward areas.
Question : It includes using environmentally friendly methods of production, giving employment opportunities to the disadvantaged sections of society and providing basic amenities like schools and creches to employees. It tells us about which objective of the management?
Option 1: Personal objective
Option 2: Social objective
Option 3: Organisational objective
Option 4: None of the above
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were not accepted by the sales department.
Option 1: Lack of planning
Option 2: Lack of organising
Option 3: Lack of manpower
Option 4: Lack of coordination.
Question : Identify the principal of management in the following case. A superior told his subordinate that he will be given the responsibility to achieve the target production but in real terms no authority is given for access to the raw material.
Option 1: Authority and responsibility
Option 2: Chain of command
Option 3: Centralisation and decentralization
Option 4: Division of work
Question : What is the nature of management highlighted in the below statement? Reliance industries is able to achieve the target of production of 20 units within the prescribed period. However, to achieve the target on time, additional 5000 were paid as overtime wages to employees.
Option 1: Effectiveness
Option 2: Efficiency
Option 3: Both A and B
Option 4: Neither A nor B
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