Competitive Exams: Commerce MCQs (Practice_Test 61 of 99)

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  1. Consider the following statements The Life Insurance Contracts are contracts of utmost good faith because
    1. only insured knows about his health
    2. only insured knows about his family
    3. insured cannot attempt to make profit out of his health condition
    4. insurer՚s risk is related to the disclosures made by insured

    Which of the statements given above is/are correct?

    1. 1,2 and 3 only
    2. 1,2, 3 and 4
    3. 4 only
    4. 2,3 and 4 only
  2. In a contract of insurance, under which of the following principles the insurer, after having paid the loss to the insured, acquires all rights and remedies as the insured would have enjoyed regarding the said loss?
    1. Principle of Subrogation
    2. Principle of Contribution
    3. Principle of Causa Proxima
    4. Principle of Insurable Interest
  3. Which of the following theories offers ways to profile or ~analyse individuals to identify the needs that motivate their behaviour?
    1. Process theories
    2. Content theories
    3. Reinforcement theories
    4. Adams theory
  4. Which one of the following functions involves conceptualising ~missions and objectives of the organization and also the actions for achieving them?
    1. Planning
    2. Organizing
    3. Staffing
    4. Directing
  5. Which one of the following is the correct hierarchy of the strategies formulated in organizations?
    1. Corporate strategies-business strategies-functional strategies
    2. Functional strategies-corporate strategies-business strategies.
    3. Business strategies-functional strategies-corporate strategies
    4. Business strategies-corporate strategies-functional strategies
  6. Which one of the following helps in determining long, out of his objectives of an organization, adoption of course of allocation of resources necessary to achieve the goals?
    1. Rules
    2. Policies
    3. Procedures
    4. Strategies
  7. An organization which was earlier operating in highly 51 conditions, is now facing stiff competition in the libera era. For quick response to rapidly changing environn how should the organization change its organizati structure?
    1. From flat structure to tall structure
    2. From tall structure to flat structure
    3. From flat structure to bureaucratic structure
    4. From flexible structure to rigid structure
  8. Which one of the following approches to the organization gives managers a way of looling at the organization as a whole and as a part of the large external environment?
    1. Behavioural science
    2. Contingency
    3. Human relations
    4. Systems.
  9. Consider the following steps with regard to a recruitment process.
    1. Develope a job specification.
    2. Perform job analysis
    3. Design job description.
    4. Attract a pool of applicants
    5. Select the best recruits.
  10. Which one of the following training methods compels trainees to assume different identities
    1. Vestibule
    2. Role playing
    3. On-the-Job training
    4. Job rotation