This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Name any sites of the Neolithic age. |
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Answer» The neolithic sites are Maski in Raichur, Cauvery, basin, Bellary, and Mysore in Karnataka, Salem, and Tirunelveli in Tamilnadu, Hyderabad and Kurnool in A.P., Kathewar in Gujarat, Sindh, Bundelkhand, Kashmir, West Bengal, Orissa, etc., |
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| 2. |
State the definition of management given by Advin. M. Robinson. |
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Answer» Management is the process of planning, organizing, direction and controlling activities of and using resources of an organization for accomplishing the organizational goals efficiently and effectively. |
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| 3. |
which of the following is not a Permanent member of the security council?(A) Italy(B) Briten(C) France(D) Chin |
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Answer» Italy is not a Permanent member of the security council. |
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| 4. |
Who among the following is not a father of NAM?(A) Suknoro(B) Arafat(C) Marshal Tito(D) Pandit Nahru |
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Answer» Arafat is not a father of NAM. |
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| 5. |
The future of stock exchanges in India is - (A) Bright (B) In dark (C) Ordinary (D) No future |
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Answer» The future of stock exchanges in India is Bright. |
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| 6. |
Who introduced the Permanent Revenue Settlement? |
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Answer» Lord Cornwallis. |
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| 7. |
When was International Atomic Energy Agency established?(A) 1956 (B) 1957 (C) 1958 (D) 1959 |
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Answer» International Atomic Energy Agency established in 1956. |
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| 8. |
Who was the main founder country of seato & cento? (A) America(B) Soviet Union(C) Chain(D) None |
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Answer» America was the main founder country of seato & cento. |
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| 9. |
Of Which country, Breznev was the President?(A) Soviet Union(B) America(C) England(D) Chin |
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Answer» Soviet Union Breznev was the President. |
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| 10. |
The idol of which Goddess has replaced the king in the famous Mysore Dasara procession (402nd edition took place in 2012)? |
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Answer» Chamundeshwari |
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| 11. |
Name the ruler who started the Mysore Dasara. |
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Answer» Raja Wodeyar (1610 CE). |
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| 12. |
Principles of management are not - (A) Universal (B) Flexible (C) Absolute (D) Behavioral |
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Answer» (B) Flexible |
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| 13. |
Which of the following is not an appropriate authority for settlement of industrial dispute?1. Labour Court.2. Industrial tribunal.3. National tribunal .4. Consumer Court. |
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Answer» Correct Answer - Option 4 : Consumer Court. The correct answer is the Consumer Court
According to the Industrial Dispute Act 1947
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| 14. |
How many there are state in U.S.A.?(A) 17 (B) 48 (C) 49 (D) 50 |
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Answer» There are 50 state in U.S.A |
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| 15. |
When was cold war started?(A) 1944 (B) 1945 (C) 1946 (D) 1947 |
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Answer» Cold war started in 1944 . |
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| 16. |
The mechanism for settlement of consumer dispute is - (A) One-tier (B) Three-tier (C) Two-tier (D) None of these |
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Answer» (B) Three-tier |
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| 17. |
Financial Manager takes decisions as to - (A) Finance (B) Investment (C) Dividend (D) All of the above |
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Answer» Correct option is: (D) All of the above |
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| 18. |
What is G.S.T. ? |
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Answer» Goods and Service Tax (GST) is a type of VAT and Multi level Tax which is imposed on Added Value on the every level of any Sale of Goods or Service . Here , Added Value refers to that Additional Price in Goods or Services , Priced by any Businessmen . |
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| 19. |
Write any TWO name of Documents which are enclosed with Application for taking G. S. T. Registration . |
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Answer» Documents to be enclosed with the Application for taking G. S. T. Registration by any Businessmen are :
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| 20. |
Write the detail of Client Broker registration documents. |
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Answer» The trading member (TM) is required to enter into an agreement in the specified format provided by NSE. The agreement should contain all the clauses mentioned in Uniform Documentary Requirement (UDR). Under ―Know Your Client (KYC) requirements, the TM should seek information such as: investor risk profile, financial profile, investor identification details, address details, income, PAN number, employment, age, investments experience, trading preference. Under Member Constituent Agreement (MCA), trading members are required to make the constituent/clients aware of (a) trading segment to which TM is admitted, (b) particulars of SEBI registration number, (c) the precise nature of the trading member ‘s liability for business to be conducted, (d) basic risks involved in trading on the Exchange In order to assess the risk involved in trading, TM is required to issue Risk Disclosure Document (RDD) in such format, as may be prescribed by the Exchange from time to time and should obtain the same from his constituents duly signed. |
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| 21. |
What is meant by the concept of leadership? |
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Answer» Leadership may be defined as the process by which a manager guides and influences the work of his subordinates. It is a part of both formal and informal situations. It can be referred as the capacity to influence a group of people towards the realization of a goal. Keith Davis defines leadership as “the ability to persuade others to seek defined objectives enthusiastically. |
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| 22. |
Modern approach of Financial Management is - (A) Procurement of funds (B) Utilisation of funds (C) A and B both (D) None of these |
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Answer» Correct option is: (C) A and B both |
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| 23. |
State any four characteristics of a good leader. |
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Answer» Characteristics of a good leader: a. A leader should have superior knowledge and expertise to handle issues. b. A leader should have good health and physical fitness. c. A leader should possess a high level of emotional quotient. d. A good leader should have friendly relations with his team members. |
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| 24. |
Goods may be purchased on the basis of |
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Answer» Goods may be purchased on the basis of Purchase Committee. Purchase Committee are: (i) Indenter; (ii) HoD; (iii) Dean (P&D); (iv)DR (Accounts); (v) Director or his Nominee (Chairman) |
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| 25. |
State any three features of principles of management. |
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Answer» Characteristics of Principles of Management. 1. Universal Applicability: The principles of management can be applied to all kinds of organizations, irrespective of size (small or large) and nature (business, government or social organization). 2. Formed by Practice and Experimentation: Management principles are evolutionary in nature, they have been developed through observations, experimentation and experience of the management thinkers. 3. Flexible: Management principles are not as rigid as in case of pure science principles. They are flexible and can be modified by the manager as per changes in the business environment. These principles cannot be applied blindly, even in an identical situation. |
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| 26. |
What is meant by Coordination? Explain why coordination is important In an Organization? |
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Answer» The process of organization people or group so that they work together properly and well. Importance of Coordination: Growth in size: With increase in size of the organization, number of employees also rises. Individuals come from different backgrounds with difference in interests, habits of work and goals. At time, it may become difficult to integrate their efforts and activities. Specialization: Due to increasing complexities of modern technology and diversity of task, a number of specialists are hired. Specialists usually think that they only are qualified to evaluate, judge and decide according to their processional criteria. |
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| 27. |
Science is a systematized body of knowledge that explains certain general truths or the operation of general laws’ in the light of this statement, describe whether management is Science. |
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Answer» Management as a Science: Science is a systematized body of knowledge, acquired through observation and experimentation that explains certain general truths or the operation of general laws. 1. Systematized body of Knowledge: Science is a systematic body of knowledge, whose principles are based on a cause and effect relationship. Management satisfies this feature as it also has a systematized body of knowledge. 2. Principles based on Observation: Science principles are first developed through observation and then tested through repeated experimentation under controlled conditions. This feature of science is not cent percent applicable in management. 3. Universal validity: Scientific principles have universal validity and can be applied in all situations and at all times. This feature of science is also not cent percent applicable in management. Conclusion: On comparing the features of science with management, we can conclude that management cannot be considered an exact or accurate science like Physics or Chemistry. But, we can all it an inexact science or social science or soft science. |
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| 28. |
Define size of the test and power of a test. |
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Answer» Probability of occurrence of type error or the probability of rejecting HO, when it is fr called size of the test, also called as level of significance. Probability of rejecting Ho when it is not true. |
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| 29. |
What is meant by lead time? |
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Answer» It is the time gap between the placing of order and arrival of goods at the Inverotory (T). |
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| 30. |
Write two applications of χ2 test. ; |
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Answer» 1. To test whether the population has given variance. 2. To test whether the two attributes are independent. |
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| 31. |
Mention two advantages of acceptance sampling. |
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Answer» 1. It is used when the items are of destructive in nature. 2. It is less expensive, as 100% inspections more expensive. |
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| 32. |
Define ‘Type-I Error and ‘Type-II Error’. |
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Answer» ‘Type 1 error’ is taking a wrong decision to reject the nullhypothesis when it is actually true. ‘Type II error’ is taking a wrong decision to accept the null hypothesis when it is actually not true. |
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| 33. |
Mention any two advantages of ‘Acceptance Sampling Plan’, |
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Answer» Advantages of acceptance sampling are:- 1. This method is more suitable when the items are of destructive in nature. 2. It is less expensive, required few staff as compared to 100 inspection. |
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| 34. |
Define acceptance sampling. |
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Answer» It is the process of inspecting a random sample of goods and deciding whether to accept the entire lot based on the results. |
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| 35. |
Give any five advantages of a Journal. |
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Answer» Advantages of a Journal are : 1. It provides date wise record of ail the transaction. This facilitates quick and easy reference of any transaction. 2. It provides complete record of all the transactions at one place. 3. By providing narration to each entry , journal helps to understand the purpose and nature of the entry. 4. Maintenance of journal, besides ledger helps to avoid mistakes or errors in the books of accounts. 5. It is useful in rectification of errors. |
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| 36. |
What is petty cash book? Write the advantages of petty cash book? |
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Answer» Petty cash book is used for recording payments of small expenses, which are of smaller denominations such as postage, stationery, conveyance, refreshment, etc. person who maintains petty cash book is known as petty cashier and these small expenses are termed as petty expenses. It is prepared by the below given two methods: 1. Ordinary system: Under this system, a certain sum of money is given to the petty cashier for the payment of petty expenses. After spending the whole amount, the accounts are submitted by the petty cashier to the main cashier. 2. Imprest system: Under this system, a fixed sum of money is given to the petty cashier in the beginning of a period to meet the petty expenses to be incurred in that period. At the end of the period, the amount spent by petty cashier is reimbursed. So, the petty cashier has the same fixed amount of money in the beginning of the next period. Advantages of petty cash book 1. Simple method: Recording of transactions in a petty cash book is easy. In an analytical petty cash book, there exists separate heads for different petty expenses, which makes recording much easier. Recording in a petty cash book does not require formal knowledge of accounting principles and techniques. 2. Time saving: Recording in petty cash book saves time and efforts of the chief cashier. 3. Efficient control: At the end of a period, petty cash book is audited by the main cashier, so frauds and errors are less probable. 4. Convenient handling: Recording in petty cash book is convenient, as entries are to be recorded under separate heads, which makes posting easier and quicker. |
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| 37. |
How is a computer needful? |
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Answer» The following facts makes computer needful: 1. Performs complex and repetitive calculations. 2. Computer works with greater speed and accuracy. 3. Capacity to store large volumes of data. 4. Stored information can be retrained immediately. 5. It does not get tired or bored. |
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| 38. |
Why casuarina trees does not grow near sea shore ? |
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Answer» Some types of squirrels cause damage to the casuarina trees by scratching the barks of the trees. Hence, we can't grow such trees near sea shore. |
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| 39. |
What conclusion can be drawn from Lavoisier's experiments ? |
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Answer» According to the experiments of Lavoisier, it can be concluded that air consists of carbon dioxide (CO2) and oxygen (O2) and these are different gases. |
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| 40. |
Prepare a specimen of a promissory note. |
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Answer» 1. Capital = Assets – Liabilities Rs. 1,20,000 = Rs. 4,00,000 – Rs. 1,80,000 2. Assets = Liabilities + Capital Rs. 3,30,000 = Rs. 1,50,000 + Rs. 1,80,000 3. Liabilities = Assets – Capital Rs. 3,20,000 = Rs. 6,00,000 – Rs. 2,80,000. |
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| 41. |
What is meant by Accounting Package? |
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Answer» Accounting Package means a collection of programs which process accounting information or data to provide required results in the form of financial statements to users. |
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| 42. |
Fill in the blanks choosing the appropriate words given in the brackets :What is the ..... to Bangalore, she is very ......(fare)(fair). |
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Answer» What is the fare to Bangalore, she is very fair |
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| 43. |
Read the conversation:Raju: A chronic cold will cause a great deal of discomfort.Venu: So I ....... be careful about it. The most appropriate modal verb in the blank is (A) should (B) could (C) would (D) may |
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Answer» The most appropriate modal verb in the blank is should |
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| 44. |
Read the conversation:Hamiz: When will Suresh come?Santosh: I am not sure.He ......... come any time. The most appropriate modal verb in the blank is (A) must(B) will (C) can (D) might |
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Answer» The most appropriate modal verb in the blank is might |
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| 45. |
Fill in the blank using suitable linker:The summons came from the Soviet President ...... I had to go there. |
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Answer» The summons came from the Soviet President so I had to go there. |
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| 46. |
Read the conversation:Student: How is my performance in the exam, teacher? Teacher: You are weak in Chemistry. You .......... work hard. The most appropriate modal verb in the blank is (A) could (B) must (C) can(D) will |
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Answer» The most appropriate modal verb in the blank is mus. |
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| 47. |
Fill in the blank with appropriate ‘preposition’ : The situation ..... the depressed classes in India had also faced the same problem. |
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Answer» The situation for the depressed classes in India had also faced the same problem. |
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| 48. |
Read the conversation: Worker: Sir, I have completed my work. Shall I leave? Manager: Yes, you ............ go now. The most appropriate modal verb in the blank is (A) could (B) may (C) can |
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Answer» The most appropriate modal verb in the blank is can. |
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| 49. |
Fill in the blank with appropriate tense forms of the verbs given in brackets : You can see ..... her now, how she is standing, ...... |
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Answer» You can see see her now, how she is standing, stand |
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| 50. |
Read the conversation: Naresh: I took one hour to climb Nandi Hills. Michael: That is pretty slow. My grandfather used to say that he .......... climb the Nandi Hills in twenty minutes. The most appropriate modal verb in the blank is (A) could (B) might (C) can (D) shall |
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Answer» The most appropriate modal verb in the blank is could. |
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