| Post Name | STORES MANAGER / MANAGER GR.II / MARKETING EXECUTIVE - HDC / KTDC |
|---|---|
| Question Paper Code | 071/2021 |
| Category Code | 252/2018 |
| Date of Test | 26 July 2021 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Principle of ‘Parity of Authority and Responsibility’ is related to
Answer
A. Delegation
2
Which one of the following is not a form of organization ?
Answer
B. Staff organization
3
Which is not coming under the management function ?
Answer
D. Co-operation
4
Communication is related with emotions and experience of the people while
information is rational and non-emotional.
Answer
A. 1, 2 and 3
5
Repeated use plans or standing plans include
Answer
D. All of the above
6
The effective principles of direction does not include
Answer
D. Personality
7
A concept about to achieve the pre-determined goal is called
Answer
A. Control
8
Which of the following is not technique of control ?
Answer
D. Praise
9
The element which is not the part of direction is
Answer
D. Division of work
10
Each question is provided with four choices
Answer
A. ,
11
‘Grapevine’ communication is a type of
Answer
C. Informal communication
12
Which of the following is not a component of communication process ?
Answer
D. None of these
13
Which one of the following is included in verbal communication ?
Answer
D. Diagram
14
Which of the following is/are the keys to effective supervisory communication ?
1. Expressive speakers
2. Empathetic listeners
3. Persuasive leaders
4. Informative managers
Answer
A. 1, 2,3 and 4
15
Which of the following statements are true ?
1. Communication is effective when people perceive the things objectively.
2. Communication makes a demand on the recipient to do something or to
believe something.
3. Communication in modern organization have become important because of
several reasons.
4. Communication is related with emotions and experience of the people while
information is rational and non-emotional.
Answer
C. 1,2,3and4
16
Financial statements are
Answer
C. Recorded facts
17
Retained earnings statement depicts
Answer
A. Appropriation of profits
18
Which of the following statement is/are correct ?
1. Financial statements are only interim reports.
2. The impact of non-monetary facts can be recorded in financial statements.
3. Certain assumptions are necessary to prepare financial statements.
4. Financial statements are prepared on the basis of realizable values.
Answer
B. 1 and3
19
Balance Sheet as on a particular date is prepared to find out
Answer
C. Financial position
20
Interest on investments is considered as
Answer
A. Income
21
Which of the following ratio is the indicator of long term solvency of the firm ?
Answer
B. Debt – equity ratio
22
Which one of the following ratio is used to analyse the capital structure of the firm ?
Answer
A. Capital gearing ratio
23
Given that,
Sales – 1,00,000
Variable cost – 40,000
Fixed cost – 20,000
Capital – 4,00,000
The P/V ratio will be
Answer
C. 60%
24
Rule of thumb for a current ratio is
Answer
A. 2 : 1
25
In the debt – equity ratio, equity refers to
Answer
D. Preference share capital, equity capital plus all reserves
26
The process designed to transform a set of input elements into a set of output elements
is known as
Answer
B. Production
27
The desired objective of production and operations management is
Answer
C. Optimal utilization of available resources
28
A Japanese concept of continuous improvement in all things is
Answer
D. Kaizen
29
A Japanese technique of batch production in which emphasis is on the reduction of
production lead time and WIP by specifying shorter production runs for any single
product is known as
Answer
A. JIT
30
___________ is a process that follows capacity planning.
Answer
A. Aggregate planning
31
Which of the following is for environment management ?
Answer
D. ISO 14000
32
According to Kaizen philosophy, which of the following does not belong to the team
dynamics ?
Answer
D. Creating conflicts
33
Which of the following represents India in ISO ?
Answer
C. BIS
34
Benchmarking is used by organizations as a _________ tool.
Answer
C. Continuous improvement
35
Which of the following best describes how short term schedules are prepared ?
Answer
D. From master schedules which are derived from aggregate plans
36
VMI stands for
Answer
B. Vendor Managed Inventory
37
3-PL stands for
Answer
B. Third Party Logistics
38
Just in Time manufacturing philosophy emphasizes on
Answer
D. Inventory
39
BOM structure is used in
Answer
B. MRP
40
LUC method for MRP stands for __________ method.
Answer
D. Least Unit Cost
41
MRP II is
Answer
B. Manufacturing Resource Planning
42
ERP stands for
Answer
B. Enterprise Resource Planning
43
ABC analysis is an important ___________ of inventory control.
Answer
D. Technique
44
Which of the following is not an approach for make or buy decision ?
Answer
D. NPV analysis
45
If a part has an importance for the firm and requires extremely strict quality control,
then the firm should go in for __________ the part.
Answer
A. Making
46
__________ is an estimate of an event which will happen in future.
Answer
B. Forecast
47
____________ gives the expected level of requirement for goods or services.
Answer
B. Demand forecast
48
_____________ method of forecasting is used for subjective nature of demand
values.
Answer
B. Delphi
49
Which of the following is not a quantitative forecasting technique ?
Answer
A. Delphi method
50
Which of the following factor affecting forecast ?
Answer
D. All of the above
51
__________ is the task of buying goods of the right quality, in the right quantities, at
the right time and at the right price.
Answer
B. Purchasing
52
___________ is the first step of purchasing cycle.
Answer
B. Recognition of need
53
A ____________ describes the needed items and becomes the basis for action by
the purchase department.
Answer
A. Purchase requisition
54
A ____________ is a list of all items to be incorporated into a finished product that
the company produces.
Answer
B. Bill of materials
55
_____________ is a forecast of quantity and value of materials required to purchase
during the budget period.
Answer
C. Purchase budget
56
One of the objective of __________ is to avoid under and over stocking of material.
Answer
A. Scientific purchasing
57
Which of the following factor considered for source selection in purchasing department ?
Answer
D. All of the above
58
In ___________ buying, the purchase decision for a period (say 1 year) will be taken
in advance.
Answer
A. Forward
59
_____________ is the systematic control over the procurement of materials.
Answer
C. Purchase control
60
__________ cost decreases when the order size is increased.
Answer
B. Ordering
61
____________ is a document/receipt used by a shipping company or its agent
acknowledging the receipt of goods mentioned in the bill for shipment on board of
the vessel.
Answer
A. Bill of Lading
62
___________ Form is an exchange control document required by RBI.
Answer
B. GR I
63
__________ is an instrument to establish evidence of origin of goods which are
imported to other countries.
Answer
C. Certificate of Origin
64
A ____________ is the declaration about the goods imported.
Answer
D. Bill of Entry
65
IEC number stands for
Answer
B. Importer – Exporter Code
66
Letter of Credit is sent by the bank of
Answer
A. Importer
67
Which of the following is not a National Level Financial Institution, which promote
export-import in India ?
Answer
D. IMF
68
_____________ is the central purchasing organization of Government of India.
Answer
A. DGS & D
69
___________ policy of a government is the guidelines of International Trade in
India.
Answer
D. EXIM Policy
70
The Government of India notifies the EXIM policy for a period of __________
years.
Answer
A. 5
71
An agreement which is enforceable at law is
Answer
A. Contract
72
An illegal contract is
Answer
C. Void ab initio
73
__________ is the delay between the initiation and completion of a process.
Answer
A. Lead time
74
______________ means the relationship between the price of a country receives
for its exported goods and the price it pays for imported goods.
Answer
B. Terms of Trade
75
Which of the following is the financial products offered by EXIM Bank of India ?
Answer
D. All of the above
76
EOQ stands for
Answer
A. Economic Ordering Quantity
77
___________ stock accounts for the variation in demand.
Answer
A. Safety
78
Buffer stock accounts for the variation in
Answer
B. Lead Time
79
In ‘P’ system of inventory, order is placed once in
Answer
B. Fixed period
80
In ‘Q’ system of inventory, ___________ is constant.
Answer
A. Order size
81
____________ is a document showing the quantitative details of materials kept in
the bin.
Answer
A. Bin card
82
Bin card is maintained by
Answer
C. Store keeper
83
Stores ledger is maintained by
Answer
B. Cost clerk
84
_______________ means that, goods of a particular product group are kept in a
given area.
Answer
A. Zoned location
85
Which of the following factors considered, while planning for the stores layout ?
Answer
D. All of these
86
Which of the following is not a basic way of locating stock ?
Answer
D. Urban location
87
In ___________ store layout, stock may be kept on one side of the aisle.
Answer
B. Comb type
88
___________ is a written statement of policies and procedures about store
keeping.
Answer
A. Stores manual
89
Which one of the following is not a system in stores ?
Answer
D. Sales system
90
PGI stands for
Answer
B. Provisional Goods Inward Notes
91
In __________ stores, materials are received by and issued from one stores
department.
Answer
B. Centralized store
92
In _____________ inventory system, stock taking is held throughout the year.
Answer
B. Perpetual
93
Which of the following is codification method ?
Answer
Question Cancelled
94
A material loss during production or storage due to evaporation or shrinkage is
called
Answer
B. Waste
95
____________ is the incidental residue from certain types of manufacture usually
of small amount and low value recoverable without further processing.
Answer
A. Scrap
96
In ___________ method of stock accounting, the old stock is depleted first.
Answer
A. FIFO
97
LIFO stands for
Answer
B. Last In First Out
98
____________ analysis is aimed to evaluate the fluctuations in demand or
consumption of the items in stores.
Answer
B. XYZ
99
Which of the following is not a reason for the accumulation of obsolete, surplus and
scrap items ?
Answer
D. Failure of marketing strategy
100
The distinction between production and operations is best described as
Answer
C. Production makes goods; operation delivers services
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