Explore topic-wise InterviewSolutions in Current Affairs.

It facilitates matching selling efforts with sales opportunities. It consists of consumers, Prospects geographical areas assigned to salesperson.

In this method commission is paid to the salespeople for every sale they close successfully.

A) Psychological pricing

Normally seen on Liberty shoes, price tag shows that the selling price of the pair is Rs.699 or Rs.799 or so. Psychological pricing method adopted by Liberty shoes Ltd. as discussed.

Follow up means keeping good records of the customer’s prospects, referral sources with intent to get new business.

Cloverleaf shape is more often found in Industrial markets than in consumer markets.

Nandalal’s ‘Sati’, ‘The death of Sati’, ‘Ahalya’s release from her curse’, ‘Agnidevata’ won acclaim throughout India which revived the traditional culture. All these helped the people regain their national identity and gave a boost to the national ‘Swadeshi’ movement for freedom. Indians lost the sense of rootless alien entity which is the greatest stumbling block to prosperity and self-reliance for a nation, wrote Rabindranath Tagore.

ABC analysis in the analysis wherein if the sales potential is high, it is categorized as ‘A’, average sales potential is categorized as ‘B’, while below average sales potential is classified as ‘C’ category.

Motivation has been derived from the word Latin word ‘movere’, meaning to move.

It is defined as a task required where face to face sales calls are required and are frequently made by companies, representatives to its corresponding customers to their homes or places where business deal may occur.

(c) Peter Kilby identified certain roles and functions of an entrepreneur in relation to the enterprise. Under the aspect of political administration, he identified three functions- dealing with public bureaucracy, managing human relations within the firm and managing customer and supplier relations. The function of ‘Introducing new production techniques and products’ was given in the aspect of technology.

Arithmetic mean of 1, 2, 3, 4, 5

Arithmetic mean = Sum of numbers/Total numbers

1 + 2 + 3+ 4 + 5/5 = 15/5 = 3

Management is considered important due to the following reasons: 

1. Management helps in achieving group goals: Management is required to give a common direction to the individual effort, in order to achieve the group goals of the organisation. 

2. Management increases efficiency: The main aim of every manager is to increase efficiency i.e., to maximise output with minimum cost. This is achieved through better planning, organising, directing and controlling the activities of the organisation. 

3. Management creates a dynamic organisation: All organisations have to function in an environment which is constantly changing. Resistance to change is often observed with individuals management helps people adapt to these changes, so that an organisation is able to maintain its competitive edge. 

4. Management helps for achieving personal objectives: A manager motivates and leads his team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objective. Through motivation and leadership the management helps individuals to develop team spirit, cooperation and commitment to group success.

Business environment has the following features: 

1. Totality of external forces: Business environment’s the sum total of all things external to business firms and, as such, is aggregative in nature. 

2. Specific and general forces: Business environment includes both specific and general forces. Specific forces such as investors, customers, etc, affect individual enterprises directly and immediately in their day-to-day working. General forces such as social, political conditions have impact on all business enterprises and thus may affect an individual firm only indirectly. 

3. Inter-relatedness: Different elements of business environment are closely interrelated. One element of the environment affects the other. For example, new health aware products such as diet coke, fatfree cooking oil, etc changed people’s lifestyles. 

4. Dynamic nature: Business environment is dynamic. It keeps on changing whether in terms of technological improvement, shifts in consumer preferences, etc. 

5. Uncertainty: Business environment is largely uncertain because it is difficult to predict future happenings. 

6. Complexity: Since business environment consists of numerous interrelated and dynamic forces which arise from different sources, it is relatively easier to understand in parts but difficult to grasp in its totality. 

7. Relativity: Business environment is a relative concept. It differs from country to country and even from region to region.

Supervision is an element of directing. It means overseeing what is being done by subordinates and giving instructions to them. It is also considered an important function to be performed by supervisor.

the action of supervising someone or something is called supervision

The major limitations of planning are given below: 

1. Planning leads to rigidity: In an organization, a well-defined plan is drawn up with specific goals to be achieved within a specific time frame. These plans then decide the future course of action. The managers may not be in a position to change these plans. This kind of rigidity in plans may create difficulty. This rigidity restricts the individual freedom, initiative and creativity. 

2. Planning may not work in a dynamic environment: The business environment is dynamic. Planning anticipates future. It takes into consideration the possible changes in economic, political, legal and social dimensions. But it becomes difficult to accurately assess the future trends. Competition in the market can also upset the plans. Planning cannot foresee everything and thus, there may be obstacles to effective planning. 

3. Planning reduces creativity: Planning is an activity which is done by the top management. Usually the rest of the members just implement these plans. Middle management and other decision makers are neither allowed to deviate from plans nor are they permitted to act on their own. Thus, much of the initiative or creativity inherent in them also gets lost or reduced. 

4. Planning involves huge costs: When plans are drawn up, huge costs are involved in their formulation. These may be in terms of time and money. The cost incurred sometimes may not justify the benefits derived from the plans.

Vasco da Gama

Policies are general statements that guide thinking in a particular direction.

Difference between functional Structure and Divisional Structure:

Delegation of authority is necessary for the smooth functioning of a business. It increases the working capacity of a manager. 

Effective delegation can lead to the following benefits: 

1. Effective management: Delegation enables superiors to assign the routine activities to the subordinates and he can concentrate on other important functions. Thus, a manager can increase his effectiveness by using the skills of subordinates through delegation of authority. 

2. Employee development: Employees get more opportunities to utilize their talent. It motivates them to develop themselves for higher positions, as they are given opportunities to use their skills and talents for gaining excellence in their jobs. 

3. Facilitates growth: Delegation facilitates growth and expansion by providing trained and experienced personnel for taking up leading positions in new project. 

4. Basis of management hierarchy: Delegation of authority determines who has to report to whom. It creates the chain of superior-subordinate relationship which is the basis for hierarchy of management. 

5. Better co-ordination: The elements of delegation namely authority, responsibility and accountability clearly define powers, duties answerability related to various departments. This helps to avoid overlapping of duties and brings better co-ordination among various departments and functions of management. 

6. Quick decision making: The subordinates are given authority to take decisions. They need not go to their superiors from time to time for taking decision on routine matters. This increases speed of decision making.

He was the first voter of free India

Correct answer is d) YouTube

After screening the applications, eligible candidates are asked to appear for selection tests. The following tests are usually conducted to measure the intelligence, aptitude, proficiency, personality, etc. 

a. Intelligence tests: These tests are used to judge the mental capacity of the applicant. Intelligence tests evaluate the ability of an individual to understand instructions and make decisions. 

b. Aptitude tests: Aptitude means the potential which an individual has for learning new skills. Aptitude test indicate the person’s capacity and his potential for development. 

c. Trade or proficiency tests: These tests are designed to measure the skills already acquired by the individuals. They measure the level of knowledge and proficiency in the area of profession or technical training. 

d. Personality tests: These tests probe for the overall qualities of a person as a while. They provide clues to a person’s emotional reactions, maturity level, value system, etc. 

e. Interest tests: These tests identify the areas in which a candidate has special concern, fascination, involvement, etc. These tests suggest the nature of job liked by a candidate which may bring him job satisfaction.

Correct option is: (C) Calender & diary etc

A cheque is a bill of exchange with two additional qualifications, namely: 

•  It is always drawn on a banker, and 
•  It is always payable on demand.

The correct answer is Bhadrapad Krishna Navmi.

• The fair of Gogaji held in Goga Meri (Nohar) falls in the month and date of Bhadrapad Krishna Navmi​ according to Indian Calendar.

• Gogameri fair
  • A grand fair is held at Gogameri in August in memory of Gogaji (a Chauhan from Dadrewa village in the Churu district).
  • The fair is held from the ninth day of the dark half of Bhadra (Goga Navami) to the eleventh day of the dark half of the same month.
  • Gogamedi is a village of religious importance in the Hanumangarh district of Rajasthan.

Discounting of Bills of Exchange’ means receiving cash from bank after incurring some discount charges.

Option D)  5-3' takes place on the leading strand

Packaging has acquired great significance in the marketing of goods and services, due to the following reasons: 

a. Rising standards of health and sanitation: Because of the increasing standards of living in the country, more and more people have started purchasing packed goods as the chances of adulteration in such goods are minimised. 

b. Self-service Outlets: The self-service retail outlets are becoming very popular, particularly in major cities and towns. Because of this, some of the traditional role assigned to personal selling in respect of promotion has gone to packaging 

c. Innovational Opportunity: Some of the recent developments in the area of packaging have completely changed the marketing scene in the country. The scopes for the marketing of many products have increased due to modern packaging. 

d. Product Differentiation: Packaging is one of the very important means of creating product differentiation. The color, size, material of package makes real difference in the perception of customers about the quality of the product.

Computer Vision is a domain of AI that depicts the capability of a machine to get and analyse visual information and afterwards predict some decisions about it. 

The 4Ws Problem canvas helps you in identifying the key elements related to the problem. 

Accuracy is defined as the percentage of correct predictions out of all the observations.

A Neural Network is divided into multiple layers and each layer is further divided into several blocks called nodes. 

Correct answer is d) Both Statement 1 and Statement 2 are correct

The correct answer is National Sample Survey Organization.

• National Sample Survey Organisation (NSSO) conducts the periodical same survey for estimating poverty line in India. 
• Data collection is conducted by the National Sample Survey Organisation (NSSO) 
• National Sample Survey Organisation (NSSO) :- NSSO has been conducting multi-subject integrated sample surveys since 1950.
• Mainly four types:
  • House Hold Survey
  • Enterprise Survey
  • Village Facilities 
  • Land And Livestock Holding

The correct answer is Taxpayers for interacting with GSTN.

• GSP stands for GST Suvidha Provider.
• A GSP enables a GST taxpayer to comply with all the procedural provisions of the GST law through its web platform.

• GST Bill was first introduced in 2014 as The Constitution (122nd Amendment) Bill.
• Goods and Services Tax is a widespread indirect tax on the manufacture, sale, and consumption of goods and services throughout India.
• GST replaced respective taxes levied by the central and state governments.
• It is an indirect tax for the whole country on the lines of “One Nation One Tax” to make India a combined market.
• GST Council will decide upon any matter related to GST whose chairman is the finance minister of India.
• GST has provisions of:
  • Central GST to cover Excise duty, Service tax.
  • State GST to cover VAT, luxury tax and Integrated GST to cover inter-state trade.
  • IGST is not a tax but a system to coordinate state and union taxes.
  • Article 246A states that States have the power to tax goods and services.

Correct answer is b) Problem Statement Template 

_{^{b)  is  correct answer}} 

In Deep Learning, the machine is trained with huge amounts of data which helps it in training itself around the data. 

NLP is the sub-field of AI that is focused on enabling computers to understand and process human languages. 

Correct answer is b) Decision trees 

correct option is c) 3 

correct option is b) Ship’s ground track 

correct option is a) 3 

correct option is d) Survey ship

(i) (c) A is true but R is false

(ii) (d) A is false but R is true

(iii) (b) Both A and R are true but R is not the correct explanation of A

(i) c) Rajput and Kirpan

(ii) a) Anjadip Island and Marmagao

(iii) b) 0

(iv) d) Portuguese Navy

Correct option: a) the whole corpus is divided into sentences.

Concept:

IUCN (International Union for Conservation of Forests) categorises organism into the following classes based on threat level for extinction

Explanation:

• Dodo was a flightless bird
• It was endemic to the island of Mauritius, east of Madagascar in the Indian Ocean.
• They were large birds(> 3 ft tall)  and were wingless with large beaks as they didn’t have to fly much owing to their isolated  habitat
• The last dodo was sighted in the 17^th century
• Reason for extinction: Human intervention in their natural habitat, they were not able to adapt to changing environmental conditions once humans invaded the part of Madagascar island they lived in

∴Dodo was a flightless bird

Correct option: c) Helps in understanding the reliability of any AI model