Explore topic-wise InterviewSolutions in Current Affairs.

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.

How can we ensure good return from telemarketing investment?

Answer»

Good return from telemarketing investment can be ensured by taking following points into consideration.

Planning: Company needs to consider its budget, its objectives for the volume/quality of data they want and their in-house resources, in terms of manpower, skills and equipment compared to the cost of using an outside agency.

Telemarketing rarely stands on its own: Organization needs to establish how it integrates with its other sales and marketing activities.

Accurate data: As with all direct marketing methods, accurate data is the essential foundation for success. Naturally, successful targeting rests on speaking to the right decision makers and getting data that includes this information may cost more but the outcomes are consistently more profitable.

A good script: An effective telemarketing script is actually not a script at all but a guide for the discussion that steers the listener in the direction you want him/her to go. It must be tailored to the target audience, must grab the attention of the listener within a few seconds of the conversation, and must be highly interactive; long presentations of information can be frustrating for the listener who is then less likely to focus on the issue being presented. The guide/script should be refined in the early stages of a campaign according to quality of responses received.

Skilled telemarketers: No matter how well targeted the call is nor how well thought out the script, a wooden and inflexible caller will not deliver the goods. To achieve the desired outcomes the telemarketer must have a good knowledge of the company and product/service they represent, be able to talk intelligently around the structure of the script without getting side tracked, absorb all the negative responses, and talk persuasively to people at all levels.

2.

______means the body of knowledge that is used to develop tools and machines for solving various Organisational problems.

Answer»

Technology means the body of knowledge that is used to develop tools and machines for solving various Organisational problems.

3.

The terms Goodput, Throughput and maximum throughput are most closely associated with which among the following in computers?A. Bit rateB. Response timeC. Command line interfaceD. Random memory

Answer» Correct Answer - A
4.

The proposal is accepted if the profitability index is _______. A. Less than 100 B. Less than 10 C. more than 1 D. More than 5

Answer»

C. more than 1 

5.

In perfect competition which of the following remains constant ? (A) AR (B) MR (C) Both AR and MR (D) None of the above

Answer»

(C) Both AR and MR

6.

The reason of decrease in supply is - (A) Increase in production cost (B) Increase in price of substitute (C) Fall in number of firms in the Industry (D) All of the above

Answer»

(D) All of the above

7.

Manage as a science has to establish the _______ relationship between two or more factors.

Answer»

Manage as a science has to establish the Cause-and-effect relationship between two or more factors.

8.

Which of the below is a limitation of performing sieve analysis?(a) Time consuming(b) Costly(c) Particle shape(d) Particle size

Answer» The correct choice is (c) Particle shape

To elaborate: The shape of particles is assumed to be nearly round or spherical so that they pass through the square opening.  For elongated, flaky particles it will be difficult.
9.

The return after the pay off period is not considered in case of ____________. A. Pay back period method B. Interest rate method C. Present value method D. Discounted cash flow method

Answer»

C. Present value method 

10.

Getting a good return from telemarketing investments will require.a. Logistic supplies b. Call center technologies c. Brand loyalty d. Planning

Answer»

Correct option: d. Planning

11.

Write the full form of TQM

Answer»

The full form of TQM TQM (Total Quality Management).

12.

_______ method takes into consideration the time value of money and attempts to calculate the return on investments by introducing the factor of time element. A. Net Present Value B. Internal Rate of Return c. Payback period D. Profitability index

Answer»

A. Net Present Value 

13.

Discuss the limitation of Ratio Analysis.

Answer»

Ratio analysis plays a crucial role in exhibiting the financial status and strength of an organisation. Although the ratio analysis is a potent tool for the management yet flawed with certain limitations which are follow:

(1) False Results: Ratio are based on financial details if the statistics and figures contained in the details are not true and exact so are the ratio based on them. Which lead to the wrong inferences. 

(2) Lack of Standard Universally Accepted terminology: Different words have different meanings as several companies consider profits prior to taxation and some consider profit after deducting interests and taxes.

(3) Ignoring Qualitative factors: Ratio analysis is a parameter or measuring yard stick for a business execution. It tries to qualitative factors and tends to explain the ratio is a measuring device to see the operational efficiency of a venture. 

(4) One sided analysis: Ratio analysis is a one sided phenomenon which provides only one aspect of the desired information. Therefore the micro analysis of the financial statements must be coupled with others analytical processes by exporting the ratio factors. 

(5) A single product ratio is inadequate in providing meaningful information and in order to understand any exact position a multidimensional analysis of ratios is needed. 

(6) Limited Comparability: The result of two organisations are comparable but it is possible only when the accounting procedures a comparative study is not feasible.

14.

Coordination is established by(A) Top level management (B) Middle level management (C) Lower level management (D) None of these

Answer»

Correct option is: (A) Top level management

15.

Neo-Classical Approach can be categorized into Scientific Management, Bureaucratic Theory, and Administrative Theory. State true or false

Answer»

Neo-Classical Approach can be categorized into Scientific Management, Bureaucratic Theory, and Administrative Theory. False (Classical).

16.

Mention the types of organization structure.

Answer»

The organization structure is Functional and divisional.

17.

Contributions :-(A) Sales less total cost(B) Sales less variable cost(C) Sales less fixed cost(D) None of these

Answer»

Contributions Sales less variable cost.

18.

In Indian”s economics development is helpful-(A) Indian entrepreneur (B) Foreign entrepreneur(C) Indian and foreign (D) None of these

Answer»

In Indian”s economics development is helpful of Indian and foreign. 

19.

Discuss factors involved in demand forecasting.

Answer»

The following factors are attributed to demand forecasting :

(1) Length of Forecasting: It is further split into the following subfactors:

(a) Term forecasting: The maximum span in short term forecasting is 12 month which is considered adequate for determining the sales Volume inventory control production level and the capital flow etc. 

(b) Medium-term forecasting: The span in this regard range from 1 to 2 years for ensuring disciple level operational level and the budgetary control over the expenditure etc. 

(c) Long term forecasting: This term forecasting vary from 3 to 10 years are considered to be adequate for capital investment expenditure employment requirement financial needs etc. 

(2) Level of Forecasting:

(a) Micro level forecasting: It is related to all the business conditions in the economic management which is strictly in accordance with the determined standards of industrial production, national income & expenditure. 

(b) Industry level forecasting: It is determined and established by various federation. 

(3) Classification of Products: It is essential to classify the products as the productive and consumable items. 

(4) General or specific forecasting :

(5) Problem and method of forecast: Problem and method of forecasting are different in case of old and new products.

20.

The probability of happening of an event is 0.02. The probability of not happening of the event is(a) 0.02(b) 0.80(c) 0.98(d) 49/100

Answer»

Correct answer is (c) 0.98

21.

Co-ordination is established :- (A) Between departments (B) Between groups (C) Between management and workers (D) Between all the above

Answer»

Correct option is: (D) Between all the above

22.

Ideal Current Ratio is –(A) 2:1 (B) 1:2(C ) 3:2 (D) 4:1

Answer»

Ideal Current Ratio is 2:1. 

23.

A quadratic polynomial, the product and sum of whose zeroes are 5 and 8 respectively is(a) k[x2 - 8x + 5](b) k[x2 + 8x + 5](c) k[x2 - 5x + 8](d) k[x2 + 5x + 8]

Answer»

Correct option is: (a) k[x2 - 8x + 5]

24.

How are the projects helpful?

Answer»

During the project the student happen to come closer to the reality of the theoretical knowledge, or they get on opportunity that during the course of their study of the business subject wherein the principles they have studied if coupled with the practical knowledge, then the truth is realised. It does not mean that the theoretical knowledge is required and only the practical knowledge is enough. But it is not so that the theoretical knowledge without the practical one is incomplete.

25.

What is preference share ?

Answer»

There are some priority on this type of share which the other shares do not get, Such as the payment of these shares is made prior or equity shares at the time of the winding up of the form, and the dividend will definitely be given at fixed rate, even if the company in not profit and such shareholder have not right to vote. 

There are various kinds of preference shares: - Such convertible, non-convertible, redeemable, non-redeemable, reserved, unreserved etc.

26.

Co –ordination is-(A) Voluntary (B) Necessary(C) Unnecessary (D) Wastage of time

Answer»

Co –ordination is Necessary.

27.

What do you understand by Human Resources?

Answer»

All the available resources are of little use mobilised by the human resources. As such, human resources is the most operative and active one. An entrepreneur of course is the captain of his project but can not perform each activity by himself. He has to depend on other human resources. Many workers are needed for operating project. For this various category of employees are recruited as per requirement on the basis of their abilities and qualification etc. Therefore human resources are comprised of manpower technicians, skilled and non skilled employee. With their joint endeavour and co-ordenation a project can't be successful.

28.

What is Discounting of Bills?

Answer»

In form of discounting of bills the banks from the date of extending loan to the date of maturity, deduct the amount of interest from the amount of the bill and whatever the amount is left is given to the customer in the form of a loan and till the date of maturity, the bank receives its total amount.

29.

Explain any two steps in the execution of the selling up on enterprise.

Answer»

(1) Arranging the site:- All those facilities which are required for the enterprise should be arranged at the place where the enterprise is established, Such as arrangement of traces portation to reach upto this site, arrangement of electricity, water etc. 

(2) Construction of Building: - The construction of building should be done as the requirement of production process, equipment and machinery.

30.

What is Franchising?

Answer»

As per franchising strategy an entrepreneur establishes his sales force in different part of the country who does the job of selling. Yes, the entrepreneur is required to be cautious in the selection of the sales person because an unbecoming salesman with an aim to earn more profit can exploit the situation by means of adult rating the product can give a bad name to the entrepreneur. 

In the simple terms, franchising is a sort of contract under which a franchise makes an agreement with a franchiser for the sales of services or the merchandise, the franchiser entitles the franchise with the right by charging a certain fee or commission.

31.

How is break even point determined ?

Answer»

The volume of profit-received from the project is calculated under the break-even analysis. The profit arising at the various stages of sales quantity is calculated by the study of inputs and cost of organization. Break-even point is that point on which all the income and expenditure of the organization are equal but the organisation starts getting profit on increasing the quantity of sale upto this point. The quantity profit received at various stages of production can be find out by break-even analysis.

32.

Mention any three factors affecting the working capital requirement.

Answer»

Following are the main factor affecting the working capital:- 

(1) Nature of Business: - The nature of business is the important factor affecting or determining the quantity of working capital. The manufacturing and commercial units where sufficient goods is to be kept on stock and sell is done on crest working capital has to be kept more. 

(2) Length of manufacturing Process: - If the manufacturing process takes more time than it takes more time, more cost and more labour in manufacturing goods. As a result, more quantity of working capital is needed. On contrary if the period of the manufacturing process is less, the less quantity of working capitals needed. 

33.

What is social factors?

Answer»

The social factor also affects the commercial environment. The literacy level in society, population, size, sex ratio etc. Are the factors responsible for the business climate? An entrepreneur cannot afford to ignore these factors, otherwise he has to encounter serious consequences. As such an entrepreneur must determine his business strongly in conformity with such factor. For example, the colour of the product is also selected to the consumers” faith, social value and cultural value etc. In the Muslim countries, green colour spells value but its sound is auspicious in Malaysia. Therefore an entrepreneur must follow the idea of adopting the things as applicable.

34.

Write any four objectives of identification of business opportunities ?

Answer»

Following are the main objectives of identification of burliness opportunities:

(1) Doing study and test of the possibilities of the industries of small, medium and large scale. Keeping in mind the requirements of the country and particular sector. These possible should be practicable technically and economically.

(2) Doing evaluation of the possibilities of the use and development of physical resources from the technical and economic point of view in a certain sector. 

(3) Identifying those industries which are not based on local resources but consideration can be done economically on such industries under future necessities. 

(4) To found out short term and long term development possibilities in various sectors of economy.

35.

Debt-equity ratio is :- (A) Liquidity Ratio (B) Activity Ratio (C) Solvency Ratio (D) Operating Ratio

Answer»

Correct option is: (C) Solvency Ratio

36.

Which one of the following is a non cash item ? (A) Depreciation (B) Writing-off Goodwill (C) A and B both (D) None of these

Answer»

Correct option is: (C) A and B both

37.

Which of the following is non-operating expenses ? (A) Rent (B) Selling expense (C) Wages (D) Loss on sale of machine

Answer»

Correct option is: (D) Loss on sale of machine

38.

The gross profit ratio is ratio of gross profit and which ratio ?(A) Net Cash Sales (B) Net Credit Sale (C) Closing Stock (D) Net-Total Sales

Answer»

Correct option is: (D) Net-Total Sales

39.

Which of the following activity comes under Financial Activities ? (A) Receipts from issue of equity shares (B) Cash Sales (C) Cash at bank (D) Purchase of Building

Answer»

Correct option is: (A) Receipts from issue of equity shares

40.

Profitability Ratio are generally expressed in :- (A) Simple Ratio (B) Times (C) Percentage (D) All the above

Answer»

Correct option is: (C) Percentage

41.

Profitability Ratio is generally shown in –(A) Simple Ratio (B) Percentage(C) Times (D) None of these

Answer»

Profitability Ratio is generally shown in Percentage.

42.

When current ration is 2:5 and the amount of current liabities is Rs 25000 what is the amount of current assets –(A) 62500 (B) 12500(C) 10000 (D) 2000

Answer»

correct option :

(B) 12500

43.

What is legal factor?

Answer»

Any government regulates the trade activities through its industrial policies and other legal factors. The business environment continues to be vulnerable to such factors. Some categories of trade remain intact in the area of public sector and some are liberated from such legal constraints. Industrial laws, Minimum ways Act, policy of nationalization etc are the factor which wield their influence on trade sectors.

44.

The father of scientific management is :-(A) Gilbreath (B) Taylor(C) Robertson (D) None of these

Answer»

The father of scientific management is Taylor.

45.

Production in scientific management is---(A) Maximum (B) Minimum(C) Normal (D) None of these

Answer»

Production in scientific management is Maximum.

46.

When scientific management was introduced?(A) 1913 (B) 1832(C)1903 (D) 1923

Answer»

Scientific management was introduced in 1913.

47.

When cash is 10000,stock is 25000, B/R is 5000 creditors is 22000 and Bank overdraft is 8000, then current ratio is -(A) 2:1 (B) 4:3(C) 3:4 (D) 1:2

Answer»

When cash is 10000stock is 25000, B/R is 5000 creditors is 22000 and Bank overdraft is 8000, then current ratio is 3:4. 

48.

Which of the following is the attribute of an innovator ?(A) More qualified (B) Memorable(C) More influential (D) All of the above

Answer»

More influential is the attribute of an innovator. 

49.

Who was the father of scientific management?(A) H.S.Person (B) Diemer(C) F.W.Taylor (D) Charles Babbage

Answer»

F.W.Taylor the father of scientific management.

50.

Identify the third element in the innovation process from the given options. a. Resource organisation b. Commercial application c. Implementation d. Analytical planning

Answer»

c. Implementation