Advertisement is a __________ source of recruitment.
a.
Agent
b.
Internal
c.
Outsourcing
d.
External
Correct Answer
Step-by-Step AI Explanation
Verified Method
Advertisement is an external source of recruitment because it involves reaching out to candidates outside the organization through newspapers, professional journals, or online job portals. Internal sources include promotion, transfer, or internal job postings, while outsourcing refers to hiring third-party service providers, and 'Agent' is not a standard category for recruitment source classification.
Q2mcq1 mark
Human resource is a __________ asset.
a.
Fixed
b.
Tangible
c.
Current
d.
Intangible
Correct Answer
Step-by-Step AI Explanation
Verified Method
Human resources (the skills, knowledge, and experience of employees) are classified as intangible assets because they lack physical substance but provide long-term economic value to the organization. They are not 'fixed' or 'current' in the accounting sense of physical balance sheet assets, and they are definitely not tangible.
Q3mcq1 mark
New Economic Policy was introduced in the year __________.
a.
2013
b.
1980
c.
2015
d.
1991
Correct Answer
Step-by-Step AI Explanation
Verified Method
The New Economic Policy (NEP) in India was introduced in 1991 under the leadership of Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh to initiate liberalization, privatization, and globalization (LPG) reforms. The other years are not related to this policy milestone.
Q4mcq1 mark
Scientific management is developed by :
a.
Mayo
b.
Fayol
c.
Jacob
d.
Taylor
Correct Answer
Step-by-Step AI Explanation
Verified Method
Frederick Winslow Taylor is widely recognized as the 'Father of Scientific Management.' Henry Fayol is known for the 14 principles of management (General Management), while Elton Mayo is famous for the Hawthorne studies and the Human Relations approach.
Q5mcq1 mark
Who is the father of ‘Consumer Movement’ ?
a.
Ralph Nader
Correct Answer
b.
Mahatma Gandhi
c.
Jawaharlal Nehru
d.
John F. Kennedy
Step-by-Step AI Explanation
Verified Method
Ralph Nader is globally recognized as the father of the consumer movement. His book 'Unsafe at Any Speed' brought significant attention to consumer safety, leading to the institutionalization of consumer rights. The others listed are political figures who may have supported consumerism but are not the originators of the movement.
Q6mcq1 mark
A Public Company shall have a minimum of __________ Directors.
a.
3
Correct Answer
b.
12
c.
2
d.
7
Step-by-Step AI Explanation
Verified Method
According to the Companies Act, 2013, a Public Limited Company is required to have a minimum of 3 directors. A Private Company requires a minimum of 2 directors, and a One Person Company (OPC) requires at least 1 director.
Q7mcq1 mark
The purpose of an application blank is to gather information about the :
a.
Questionnaire
b.
Company
c.
Competitors
d.
Candidate
Correct Answer
Step-by-Step AI Explanation
Verified Method
An application blank (or application form) is a standard document used by recruiters to collect structured data about the candidate's personal details, qualifications, experience, and references. It is a vital tool for the preliminary screening process.
Q8mcq1 mark
Which of the below constitutes the essential element of contract of sale ?
a.
Transfer of property
b.
Price
c.
Two parties
d.
All of the above
Correct Answer
Step-by-Step AI Explanation
Verified Method
For a contract of sale to exist under the Sale of Goods Act, there must be at least two parties (buyer and seller), a transfer of property (ownership) from the seller to the buyer, and a price paid or promised as consideration. Therefore, all the listed elements are essential.
Q9mcq1 mark
Which of the following is a factor of production ?
a.
Labour
b.
Entrepreneurship
c.
Land
d.
All of the above
Correct Answer
Step-by-Step AI Explanation
Verified Method
The factors of production are the inputs used in the production process to produce goods or services. These traditionally include Land, Labour, Capital, and Entrepreneurship. Since options A, B, and C are all included, 'All of the above' is the correct choice.
Q10mcq1 mark
The Spot market is classified on the basis of __________.
a.
Regulation
b.
Commodity
c.
Time
Correct Answer
d.
Transaction
Step-by-Step AI Explanation
Verified Method
Financial markets are classified based on time into Spot markets (where assets are traded for immediate delivery) and Future markets (where contracts are made for future delivery). Therefore, the classification is based on time.
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The shares which are offered first to the existing shareholder at free of cost is known as __________. (a)The Right Share (b)Bonus Share (c)Preference Share (d)Equity Share
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