The one which does not include in the Internal Sources of recruitment process is :
a.
Walkins
Correct Answer
b.
Promotion
c.
Demotion
d.
Job rotation
Step-by-Step AI Explanation
Verified Method
Walk-ins are an external source of recruitment because they involve candidates from outside the organization approaching the company. Promotion, Demotion, and Job rotation are all internal recruitment methods as they involve existing employees within the organization.
Q2mcq1 mark
Capital market is a market for :
a.
Long term finance
Correct Answer
b.
Short term finance
c.
Both Short term and Medium term finance
d.
Medium term finance
Step-by-Step AI Explanation
Verified Method
The Capital market is specifically designed for long-term finance (typically more than one year). The Money market is used for short-term and medium-term finance.
Q3mcq1 mark
The International Organisation of Consumer Union (IOCU) was first established in the year :
a.
1967
b.
1960
Correct Answer
c.
1987
d.
1965
Step-by-Step AI Explanation
Verified Method
The International Organisation of Consumer Unions (IOCU), now known as Consumers International, was established on 1 April 1960.
Q4mcq1 mark
Directors are __________ of the company’s money.
a.
Agent
b.
Banker
c.
Trustees
Correct Answer
d.
Holder
Step-by-Step AI Explanation
Verified Method
Directors are considered trustees of the company's money, property, and their powers because they must act in the best interest of the shareholders and the company as a whole.
Q5mcq1 mark
__________ is the King of Modern Marketing.
a.
Producer
b.
Consumer
Correct Answer
c.
Retailer
d.
Wholesaler
Step-by-Step AI Explanation
Verified Method
In modern marketing, the 'Consumer' is considered the king because all marketing activities revolve around satisfying the needs, wants, and demands of the consumer.
Q6mcq1 mark
The initial stage of Marketing System is __________.
a.
Barter System
b.
Monopoly System
c.
Self Producing
Correct Answer
d.
Exchange to Money
Step-by-Step AI Explanation
Verified Method
Self-producing (or self-sufficient stage) is considered the initial stage of the marketing system, where individuals or families produced goods only for their own consumption, with no surplus for exchange.
Q7mcq1 mark
Job first, man next is one of the principles of __________.
a.
Training
b.
Test
c.
Placement
Correct Answer
d.
Interview
Step-by-Step AI Explanation
Verified Method
Placement is the process of assigning a specific job to the selected candidate. The principle 'Job first, man next' means that the requirements of the job are identified first, and then a suitable person is placed in that position.
Q8mcq1 mark
Sale of Goods Act was passed in the year :
a.
1930
Correct Answer
b.
1940
c.
1960
d.
1997
Step-by-Step AI Explanation
Verified Method
The Sale of Goods Act, which governs the sale of goods in India, was passed in the year 1930.
Q9mcq1 mark
When trainees are trained by Supervisor or trainer or Senior worker, it is called :
a.
Role play
b.
Vestibule training
c.
Apprenticeship training
Correct Answer
d.
Refresher training
Step-by-Step AI Explanation
Verified Method
Apprenticeship training is a method where a trainee is placed under the guidance and supervision of a master craftsman, supervisor, or experienced senior worker to learn the skills of a trade. Role play is for behavioral skills, Vestibule training uses a simulated environment off-the-job, and Refresher training is to update existing skills.
Q10mcq1 mark
From the date of its incorporation the First Annual General Meeting is to be conducted within __________ months.
a.
Eighteen
Correct Answer
b.
Twelve
c.
Twenty one
d.
Fifteen
Step-by-Step AI Explanation
Verified Method
According to the Companies Act, a company must hold its first Annual General Meeting (AGM) within 9 months from the closing of the first financial year, or within 18 months from the date of its incorporation, whichever is earlier.
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