Question : Which of the following statement is correct?
Statement 1: Price of goods and services are expressed in monetary terms.
Statement 2: Price maybe called by various names such as fare,tuition fee,rent,salary and wage.
 

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 : Which of the statement is true?
Statement 1- Healthy working condition is a personal objective of management.
Statement 2- Quality product at fair price is an organisational objectives.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

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

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

Question : Which of the following statement is correct?
Statement 1- The aim of both Henry and Taylor principal is to secure maximum from available resources.
Statement 2- Taylor’s contribution is expressed as scientific management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

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

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

Question : Statement 1: Goods and Services Tax (GST) is a direct tax.

Statement 2: GST is levied on goods and services.

Option 1: Both statements are true.

Option 2: Both statements 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 : Statement 1: Monetary includes insuring the progress of the venture as planed.
Statement 2: Concern for employee welfare includes believing in employee well being as the key to competitiveness and success.
 

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 : Which of the following are true?

1. Circular flow of income does not takes place in case of closed economy. 
2. Physical flow involves exchange of goods and services.

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.