Explore topic-wise InterviewSolutions in Current Affairs.

Personality test refers to the test conducted to find out the non-intellectual traits of a candidate namely temperament, emotional response, capability and stability.

Selection is the process of choosing the most suitable person for the vacant position in the organization.

(b) (i) and (iii)

According to Scott and others “an interview is a purpose full exchange of ideas, the answering of questions and communication between two or more persons.”

The poor quality of selection will mean extra cost on Training and supervision.

This test measures a candidate’s capacity to achieve in a particular field. In other words this test measures a candidate’s level of skill in certain areas, accomplishment and knowledge in a particular subject. It is also called proficiency test.

Aptitude test is a test to measure suitability of the candidates for the post/role. It actually measures whether the candidate possess a set of skills required to perform a given job. It helps in predicting the ability and future performance of the candidate.

The last technique used in selection process is medical examination. This is the most important step in the selection because a person of poor health cannot work competently and any investment on him may go waste, if he/she is unable to discharge duties efficiently on medical grounds.

(b) Application form test and or interview, reference check, and physical examination

Selection is usually considered as a Negative process.

Selection tests are of two types: Ability Tests and Personality Tests. Ability tests can further be divided into: aptitude test, achievement test, intelligence test, and judgement test. Personality tests can further be divided into: interest test, personality inventory test, projective test or thematic appreciation test, and attitude test.

Interview represents a face to face interaction between the interviewer and interviewee

1. Preliminary Interview 

2. Structured Interview 

3. Unstructured Interview 

4. In-depth Interview 

5. Panel Interview 

6. Stress Interview 

7. Telephone Interview

8. Online Interview 

9. Group interview 

10. Video Conference Interview

Due to tremendous growth in information and communication technology, these days interviews are conducted by means of internet via Skype. We chat, Google duo, Viber, Whatsapp or Video chat applications. This enables the interviewers to conduct interview with the candidates living in faraway places.

Pure play retailers are called Transaction brokers.

Selling goods / services through internet is E-business.

Attitude test measures candidate’s tendencies towards the people, situation, action and related things. For example: morale study, values study, etc.

1. Social marketing: Social marketing is a new marketing tool. It is the systematic application of marketing philosophy to achieve social good. The primary aim of social marketing is ‘social good’ such as anti-tobacco, antidrug, anti pollution, anti-dowry, road safety, protection of girl child.

2. Service marketing: A service is any activity or benefit that one party can offer to another which is essentially intangible. Service marketing is a specialized branch of marketing. Service marketing denotes the process of selling service goods like telecommunication, banking, insurance, car rentals, healthcare, tourism and repairs.

(c) Metomediary

(c) Social change

The significance of the placement is as follows: 

1. It improves employee morale. 

2. It helps in reducing employee turnover. 

3. It helps in reducing conflict rates or accidents. 

4. It avoids misfit between the candidates and the job. 

5. It helps the candidate to work as per the predetermined objectives of the organization.

Several tests are conducted in the selection process to ensure whether the candidate possesses the necessary qualifications.

A. Ability Test: 

Ability test may be divided into:

• Aptitude Test: Aptitude test is a test to measure suitability of the candidates for the post.
• Achievement Test: This test measures a candidate’s capacity to achieve in a particular field.
• Intelligence Test: Intelligence test is designed to measure a variety of mental ability, individual capacity of a candidate.
• Judgment Test: This test is conducted to test the presence of mind and reasoning capacity of the candidates.

B. Personality Test: 

It refers to the test conducted to find out the non-intellectual traits of a candidate. 

It can be further divided into:

• Interest Test: Interest test measures a candidate’s extent of interest in a particular area.
• Projective Test: This test measures the candidate’s values, personality of the candidate.
• Attitude Test: measures candidate’s tendencies towards the people, situation, action and related things.

Eighth round of GATT was known as Uruguay Round.

Correct Answer is: (d) Geneva

117 countries participated in the eighth round of GATT.

A. (v) 

B. (i) 

C. (vi) 

D. (ii) 

E. (iii)

India signed the Dunket proposal in 1994.

(a) Developed

Find out which is not suitable? The products marketed in commodity exchange are Rice.

The following are the objectives of E-Marketing:

1. Expansion of market share 

2. Reduction of distribution and promotional expenses 

3. Achieving higher brand awareness 

4. Strengthening database

B2B is an online business model that facilitates online sales transactions between two businesses. E-tailing is a business to consumer (B2C) transaction model. Etailing is also called online retailing.

(d) All the above

The primary aim of social marketing is ‘social good’ such as anti-tobacco, anti-drug, anti-pollution, antidowry, road safety, protection of girl child, against the use of plastic bags. Social marketing promotes the consumption of socially desirable products and develops health consciousness. It helps to eradicate social evils that affect the society and quality of life.

Correct Answer is: (b) 23

GATT was established in 1947.

Before setting up a company or a factory, an MNC takes into account the following things: 

(i) Availability of cheap labour and other resources: MNC’s setup offices and factories for production in various regions of the world, where cheap labour and other resources are available in order to earn greater profit.

(ii) Partnership with local companies: MNC’s setup partnership with local companies, by a closely competing with local companies or buying local companies for supply. As a result, production in these widely dispersed locations gets interlinked.

(iii) Favourable Government Policy: If the Government Policies are favourable, it helps MNC’s. 

For example: Flexibility of labour laws will reduce cost of production. MNC’s are able to hire worker on casual and contractual wages for a short period instead of a regular basis. This reduces the cost of labour for the company and increases its margin of profit.

Expansion of Market: For a large size firm, when its activities expand more and more , it goes beyond their country’s boundary and move to other countries market.

Marketing superiorities:

1. A MNC enjoys market reputation easily . 

2. It faces loss difficulty in selling the products . 

3. It can adopt very effective advertisement tactics. 

4. All these help in their sales promotion.

High level of financial resources:

1. A MNC has high level of financial resources which helps them in high level of fund utilisation. 

2. Easy access to external capital market. 

3. Can raise more International resources to improve their production at any cost.

Advancement in Technology:

1. The High level of technology of the MNCs attract them to participate in Industrial development. 

2. It helps them to offer products at a low price.

Product Innovation: 

1. They can develop new products. 

2. New Designs of existing products. 

3. Designs that help the new generations to apply their knowledge.

1. Tax concessions such as exemptions , credits (or) deferrals. 

2. Cash subsidies such as the grants.

It is found by company, by identifying the need of customers which are not served or under served by the competitors. The company which identified niche market develops solution to satisfy the needs of niche market. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.

Pondicherry became the headquarters of the France in the year 1701.

(d) All the industries above

Mutual Funds enables small investors to participate in the investment on share capital of large companies.

Per-Capita Income is an indicator to show the living standard of people in a country. It is obtained by dividing the National Income by the population of a country. It is also called as output per person of an economy.

The three sectors that contribute to the GDP are primary sector (or) Agricultural Sector, Secondary Sector (or) Industrial Sector, Tertiary Sector (or) Service Sector. 

Eg: Agricultural based allied activities. Farm, fishing:

1. Mining and Foresty – Primary sector. 

2. Major Industries and small scale Industries – Industrial sector. 

3. Transport and Communication, Post and Telegraph, Banking, Education, Entertainment, Health care and Information Technology

In the value added approach, the value added by each intermediate good is summed to estimate the value of the final goods. Take example of a cup of tea which is a final good. The goods used to produce it are – tea powder, milk and sugar. These things (goods) are ‘intermediate goods’ since they form a part of the final good, i.e., the cup of tea. Each intermediate good the tea powder, milk and sugar, adds value to the final output, the cup of tea.

Five principles of Fair trade practices:

1. Creating opportunities for economically disadvantaged producers. 

2. Transforming and accountability. 

3. Fair trading practices and payment of fair price .

4. Ensuring no child labour and forced labour.

5. Respect for the environment.

TRIPs – Trade Related aspects of Intellectual Property Rights – is an international legal agreement between all the member nations of the World Trade Organisation (WTO). It sets down minimum standards for the regulation by national Governments of many fonns of intellectual property as applied to nationals of other WTO member nations. TRIPs was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990 and is administered by the WTO.

TRIMS – Trade Related Investment Measures – The Uruguay Round Agreement on TRIMs referes to certain conditions or restrictions imposed by a Government in respect of foreign investment in the country in order to give adequate provisions for the home industries to develop

The main objective of WTO (World Trade Organisation) is to enforce rules for International trade, to resolve trade disputes and to provide a forum for negotiating and monitoring trade.

Proto Globalization is the two stage of Globalization.

E-tailing or electronic retailing refers to selling of goods and services through a shopping website (internet) or through virtual Store to the ultimate consumer

E-tailing or electronic retailing refers to selling of goods and services through a shopping website: 

Advantages:

1. Customer can buy the product at anytime from anywhere. 

2. Direct contact of end consumer by the manufacturer cuts down the cost. 

3. Customer can buy whatever they want by browsing the various sites.

Disadvantages: 

1. E-tailing needs a strong advertisement and for which it has to spend large amount. 

2. It is not suitable for small size business.