Competitive Exams: Commerce MCQs (Practice-Test 39 of 99)

  1. Match List I (Managerial Activity) with List II (Managerial Function) and select the correct answer using the codes given below the lists:

    List-I List-II
    1. Forecasting

    2. Communication

    3. Selection of managers

    4. Establishing performance standards

    1. Controlling

    2. Planning

    3. Leading

    4. Staffing

    • A
    • B
    • C
    • D
      • 2
      • 3
      • 4
      • 1
      • 1
      • 2
      • 4
      • 3
      • 2
      • 4
      • 3
      • 1
      • 1
      • 3
      • 4
      • 2
  2. The potential DISADVANTAGE of MBO is

    1. its inability to control progress of work and achievement of results

    2. its over-emphasis on production and productivity

    3. the additional commitment to the organization

    4. the absence of short-term and longterm planning

  3. Consider the following statements:

    1. Decentralization and delegation are closely interrelated

    2. Delegation and decentralization are both desirable

    3. Decentralization is not suitable for large organizations

    4. Delegation is not possible in the case of small organizations

    Of these statements

    1. 1 and 2 are correct

    2. 2 and 3 are correct

    3. 1 and 4 are correct

    4. 1, 3 and 4 are correct

  4. Organization Theory deals with

    1. forms of business organization

    2. structure of an organization

    3. industrial relations

    4. incentives and wage policy

  5. Which one of the following statements is correct?

    1. Responsibility of the delegatee cannot be greater than the authority delegated

    2. Delegation frees the delegator of the responsibility

    3. Delegation is merely the division of work

    4. Delegation does not bestow an obligation on the part of the delegatee

  6. The basis of Theory ‘Z’ is the reliance on

    1. external control of human behaviour

    2. self-control and self-direction

    3. the belief that productivity is linked to trust, openness, subtlety and intimacy in the work environment

    4. governmental regulatory framework

  7. Delegation of authority is linked to

    1. managerial planning

    2. management coordination

    3. management control

    4. scientific management

  8. Match List I with List II and select the correct answer using the codes given below the lists:

    List-I List-II
    1. F W Taylor

    2. Henry Fayol

    3. Elton Mayo

    4. Peter Drucker

    1. MBO

    2. Scientific Management

    3. Fourteen principles of Management

    4. Theory ‘X’

    • A
    • B
    • C
    • D
      • 2
      • 3
      • 4
      • 1
      • 1
      • 2
      • 4
      • 3
      • 2
      • 3
      • 4
      • 1
      • 3
      • 2
      • 4
      • 1
  9. When an office manager selects different colours of paper and ink for printing forms according to the purpose for which they are intended, he is following the principle of

    1. systems integration

    2. standardization

    3. identification

    4. multiple use

  10. Office management is generally speaking, the responsibility area of

    1. Corporate Controller

    2. Works Manager

    3. Chairman, Board of Directors

    4. Chief Executive

  11. File Movement register keeps track of

    1. indexing of records

    2. classification of records

    3. inventory of records

    4. none of the above

  12. The use of office machine CANNOT

    1. enhance production

    2. save labour

    3. promote accuracy

    4. relieve monotony.

  13. Which one of the following sections of the Company's Act 1956 makes it obligatory that with effect from 1994, every company with a paid-up share capital of Rs. 50 lakhs or more should have a qualified wholetime Company Secretary?

  14. Consider the following steps in the process of allotment of shares

    1. Issue of prospectus

    2. Appointment of Manager to the issue

    3. Receipt of application money

    4. Listing in a stock exchange

    5. Minimum subscription

    The correct chronological sequence of these steps is

    1. 1, 2, 5, 4, 3

    2. 2, 1, 3, 5, 4

    3. 2, 1, 5, 3, 4

    4. 1, 2, 4, 5, 3

  15. Which one of the following statements regarding the rights, duties and liabilities of a Company Secretary is correct?

    1. A Company Secretary does not have access to the books of accounts of the Company

    2. Remuneration of a Company Secretary is taken into account for the purpose of calculating the overall managerial remuneration under Section 198 of the Companies Act

    3. A Company Secretary is liable for any misstatement made in the prospectus

    4. A Company Secretary is responsible for Signing various returns and statement. And filing the same with the

Registrar of Companies