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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
___________ is considered a major element of the political environment: a The extent and nature of government intervention in business, b. planned outlay in public and private sectors, c. Expectations from the work force, d. Administrative order issued by government authorities. |
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Answer» Correct Answer - a The extent and nature of government intervention in business |
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| 52. |
Name the step in the process of planning which is considered the 'real point of decision making'. |
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Answer» Correct Answer - b Selecting an alternative |
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| 53. |
“Delegation of authority, undoubtedly empowers an employee to act for his superior, but the superior would still be accountable for the outcome. Explain the elements of delegation of authority discussed above. |
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Answer» Three elements of delegation are- 1. Authority- Right of an individual to command his subordinates & to take action within the scope of his position. It is right to take decisions inherent in a job position. 2. ReSQPonsibility- it is the obligation of subordinate to properly perform the assigned duty. It arises from superior subordinate relationship. It flows upwards. 3. Accountability implies being answerable for the final outcome, i.e. subordinate will be answerable to superior for satisfactory performance of work. |
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| 54. |
Name and explain with a suitable example the technique of Scientific Management given by Taylor to differentiate between the efficient and the inefficient workers. |
| Answer» Differential Piece Wage System- The standard time and other parameters should be determined on the basis of the work study discussed above. The workers can be classified as efficient and inefficient on the basis of these standards. He wanted to reward the efficient workers. So he introduced different rate of wage payment for those who performed above standard and for those who performed below standard. For example- it is determined that standard output per worker per day is 10 units and those who made standard or more than standard will get Rs. 50 per unit and those below will get Rs. 40 per unit. Now an efficient worker making 11 units will get `11xx50`= Rs. 550 per day whereas, a worker who makes 9 units will get `9xx40=`Rs. 360 per day. According to Taylor, the difference of Rs. 190 should be enough for the inefficient worker to be motivated to perform better. | |
| 55. |
Astra Builders has to deliver the flats to its buyers on time. Due to this there is a sudden rush of work. Therefore, the company needs to arrange workers to work at the sites at a short notice. The source of recruitment which may be used by the company to tap the casual vacancy is : a. Direct recruitment, b. Advertisement, c. Recommendation of employees, d. Employment Exchange. |
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Answer» Correct Answer - a Direct recruitment |
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| 56. |
Management is a. A Science, An Art, c. both science and art, d. Neither. |
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Answer» Correct Answer - c both science and art. |
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| 57. |
Large scale production done to reduce the average cost of production is the essence of _____________ concept of Marketing management. a) Product, b) Selling, c) Production, d) Marketing |
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Answer» Correct Answer - c Production |
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| 58. |
Arrange the following events of China in chronological order and choose the correct alternative: (i) Great Proletarian Cultural Revolution (ii) Great Leap Forward campaign (iii) Introduction of Economic Reforms (iv) First five year plan Choose the correct alternative :A. ii, iv , iii, `i`B. iv , ii , `i`, iiiC. ii , iv ,`i`, iiiD. iv , `i` ,ii , iii |
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Answer» Correct Answer - B iv , ii , `i`, iii |
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| 59. |
Differentiate between in-situ and ex-situ approaches for conserving biodiversity. Give an example for each. |
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Answer» In-situ Conservation– Threatened /endangered plants and animals are provided with urgent measures to save from extinction within their natural habitat and they are protected and allowed to grow naturally. Example- wildlife sanctuaries/ national parks /bioSQPhere reserves/ sacred groves Ex-situ Conservation –Threatened animals and plants are taken out from their natural habitat and placed in a setting where they can be protected and given care Example- in botanical gardens/ zoological gardens/ seed/pollen/gene banks |
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| 60. |
Name the technology and write the procedure that can help a scientist to recover virus free sugarcane plants from diseased canes for his crop breeding experiments |
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Answer» `**" "`Tissue culture `**" "`Meristem apical or axillary is excised. `**" "`Explant grown in a test tube under sterile condition/SQPecial nutrient medium |
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| 61. |
State any two criteria for determining biodiversity hotspot. Name any two hotspot designated in India |
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Answer» criteria for determining biodiversity hot SQPots are: – • high levels of SQPecies richness • High degree of endemism. hotSQPots In India - Western Ghats, Himalaya (Indo-Burma/Sunderland to be accepted) |
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| 62. |
What are demand deposits? |
| Answer» Demand deposits are the deposits which can be withdrawn on demand by the depositors from banks. | |
| 63. |
Complete the paragraph given below by filling in the blanks choosing the correct option from those that follow- Elephants (a) _____ the largest land mammals. Three species of elephants (b) _____ living today. Elephants (c) ________other Elephantidae were once classified with other thick skinned . The elephant’s gestation period is 22 months, (d) _________ longest for any land animal.A. are livingB. had been livingC. had been livingD. will be living |
| Answer» Correct Answer - A | |
| 64. |
Complete the paragraph given below by filling in the blanks choosing the correct option from those that follow- Elephants (a) _____ the largest land mammals. Three species of elephants (b) _____ living today. Elephants (c) ________other Elephantidae were once classified with other thick skinned . The elephant’s gestation period is 22 months, (d) _________ longest for any land animal.A. withB. alsoC. andD. but |
| Answer» Correct Answer - A::D | |
| 65. |
Complete the paragraph given below by filling in the blanks choosing the correct option from those that follow- Elephants (a) _____ the largest land mammals. Three species of elephants (b) _____ living today. Elephants (c) ________other Elephantidae were once classified with other thick skinned . The elephant’s gestation period is 22 months, (d) _________ longest for any land animal.A. isB. areC. wasD. were |
| Answer» Correct Answer - A | |
| 66. |
‘The latest demonetization of currency was undertaken by the Government of India on November 8, 2016’. |
| Answer» Correct Answer - True | |
| 67. |
Read the passage carefully- The Road to Success 1. The Road to success is not straight, there is a curve called failure, a loop called confusion, speed bumps called friends, caution lights called family, and you will have flats called jobs. But, if you have a spare called determination, an engine called perseverance, insurance called faith, and a driver called God, you will make it to a place called success! 2. In spite of all our planning and preparation, unexpected challenges are certain to arise. The bumps in the road are unavoidable, but you’ll never get to your destination if you aren’t willing to drive over them. The difference between a disaster and triumph lies in whether or not you’re prepared and willing to weather the storm. If you’re ready, those bumps will become stepping-stones. 3. The key thing to realize is that working harder is same as working smarter. How do you work smarter? You just need to have the right skills. People want improved circumstances and better life without an improved self. They want victory without paying the price or making efforts. It really cannot happen without the other. Any improvements that have not been generated by improving yourself are superficial and short-lived. If you want to have a better future, you have to change yourself. Stop worrying about the various challenges that will come your way. Just believe in yourself and use them as stepping-stones. 4. “Success” is getting whatever you want out of life without violating the rights of others.” It is not an accident. Success is the result of our attitude and our attitude is a choice. Hence success is a matter of choice and not chance. 5. Today success represents a holistic and positive attitude to life. Attitude is everything. Success is not restricted within some kind of brick and mortar premises. It assumes the individuality of a complete act executed with perfection, material achievements do not define life. We don’t remember sports stars for the products they endorse but the spirit of achievement they represent. In the abundance of positive attitude underline the grandeur of a truly rewarding rich life. 6. Success can be measured from two standpoints—the external and the internal. Externally it is the measure of a job well done and recognition. Internally it the feeling of achievement and wholeness derived from the completion of a task or fulfillment of desire. On the basis of your reading of the above extract, answer the following questions (a) The synonym of ‘victory’ as given in paragraph 2 is ____________ (i) Planning (ii) Preparation (iii) Triumph (iv) Challenges (b) The synonym of ‘surplus’ as given in paragraph 5 is ______________ (c) The antonym of ‘Defeat’ as given in paragraph 6 is _____________ (i) Recognition (ii) Achievement (iii) Completion (iv) Success (d) The antonym of ‘deep’ as given in Paragraph 3 is ____________A. PlanningB. PreparationC. TriumphD. Challenges |
| Answer» Correct Answer - A::B::C::D | |
| 68. |
Banwari Lal is a cloth merchant in arol Bagh. His grandsons are requesting him to let them diversify the business into bridal wear. Banwari Lal has agreed but on the condition that they will follow the function of management he has always followed, which helps an organisation in keeping track of the progress of activities and ensures that the activities conform to the standards set in advance so that the organisational goals are achieved. Name the function of management which Banwari Lal is asking his grandsons to follow. List any two reasons why it is considered an indiSQPensable function of management. |
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Answer» Controlling. It is considered an indiSQPensable function of management because of the following reasons : i. Accomplishing organizational goals. ii. udging accuracy of standards. iii. Making efficient use of resources. iv. Improving employee motivation. v. Ensuring order and discipline. vi. Facilitating coordination in action. |
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| 69. |
Unpolarized light is incident on a plane glass surface having refractive index . The angle of incidence at which reflected and refracted rays would become perpendicular to each other is :A. `15^(@)`B. `30^(@)`C. `45^(@)`D. `60^(@)` |
| Answer» Correct Answer - D | |
| 70. |
The shape of the interference fringes in Young’s double slit experiment when D (distance between slit and screen) is very large as compared to fringe width is nearlyA. straight lineB. parabolicC. circularD. hyperbolic |
| Answer» Correct Answer - A | |
| 71. |
Assertion: The acidic strength of halogen acids varies in the order `HFgtHClgtHBrgtHI` Reason: The bond dissociation enthalpy of halogen acids decreases in the `HFgtHClgtHBrgtHI`A. Both assertion and reason are correct statements, and reason is the correct explanation of the assertionB. Both assertion and reason are correct statements, but reason is not the correct explanation of the assertionC. Assertion is correct, but reason is wrong statement.D. Assertion is wrong, but reason is correct statement. |
| Answer» Correct Answer - D | |
| 72. |
Assertion: Glucose reacts with hydroxylamine to form an oxime and alsoadds a molecule of hydrogen cyanide to give cyanohydrin. Reason: The carbonyl group is present in the open chain structure of glucose.A. Both assertion and reason are correct statements, and reason is the correct explanation of the assertionB. Both assertion and reason are correct statements, but reason is not the correct explanation of the assertionC. Assertion is correct, but reason is wrong statement.D. Assertion is wrong, but reason is correct statement. |
| Answer» Correct Answer - A | |
| 73. |
Valli shows extraordinary courage in taking a bus journey all alone. Explain how ability and courage are essential to fulfill one’s dream. (100-150 words) |
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Answer» These questions have been set to test the student’s understanding of the text and their ability to interpret evaluate and respond to the themes/issues raised. Therefore, there can’t be just one correct answer. All presentations logically supported by textual evidence must be considered correct. Content = 4 Expression = 4 Suggested Value Points: Valli’s earnest wish to ride on the bus and get to the nearest town meticulous planning, strong will- power Saved money, gathered required information, Waited patiently Her confidence and dignity- made the conductor call her ‘Madam’ Displays extraordinary courage, completes the journey |
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| 74. |
Ostentation and vanity often land people in trouble. Matilda is an apt example of this. Justify.(100-150 words) |
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Answer» These questions have been set to test the student’s understanding of the text and their ability to interpret evaluate and respond to the themes/issues raised. Therefore, there can’t be just one correct answer. All presentations logically supported by textual evidence must be considered correct. Content = 4 Expression = 4 Suggested Value Points: Matilda longs for life of luxury and wealth, immerses herself in life of glamour borrows a necklace when invited for a party, loses it, pays heavily she and her husband work day and night, live in poverty to repay for it, she loses all her charm, looks old and pale it’s better to be satisfied what you have, do not show off |
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| 75. |
Life is full of trials and tribulations which can be overcome by a human being through his own efforts. Explain with reference to Kisa Gotami’s life.(100-150 words) |
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Answer» These questions have been set to test the student’s understanding of the text and their ability to interpret evaluate and respond to the themes/issues raised. Therefore, there can’t be just one correct answer. All presentations logically supported by textual evidence must be considered correct. Content = 4 Expression = 4 Suggested Value Points: Kisa went from home to home , asked for mustard seeds- where no one had died, unsuccessful in getting any, distraught on the loss of her only son loses her senses, doesn’t accept reality, ignorant of the fact that death is inevitable Lesson- humans are mortal, face pain and suffering, no use grieving |
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| 76. |
Sheela went to a free eye camp & got her eyes operated for cataract. The surgery was not done properly, due to which she lost her vision. Where can she file a complaint under consumer protection act ? (a) At District forum (b) State commission (c) National Commission (d) None of above |
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Answer» Correct Answer - d None of the above. |
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| 77. |
What are gemmules and conidia ? Name one organism each in which these are formed ? |
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Answer» Gemmule-asexual reproductive structure in SQPonges Conidia-asexual reproductive structure in Penicillium. (or any other correct example) |
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| 78. |
Why is it not possible to study the pattern of inheritance of traits in human beings, the same way as it is done in pea plant ? Name the alternate method employed for such an analysis of human traits. |
| Answer» Contaroll crosses cannot be performed in human beings, Alternate method-Pedigree analysis (study of the traits in serveral generations of a family). | |
| 79. |
Read the passage carefully- The Road to Success 1. The Road to success is not straight, there is a curve called failure, a loop called confusion, speed bumps called friends, caution lights called family, and you will have flats called jobs. But, if you have a spare called determination, an engine called perseverance, insurance called faith, and a driver called God, you will make it to a place called success! 2. In spite of all our planning and preparation, unexpected challenges are certain to arise. The bumps in the road are unavoidable, but you’ll never get to your destination if you aren’t willing to drive over them. The difference between a disaster and triumph lies in whether or not you’re prepared and willing to weather the storm. If you’re ready, those bumps will become stepping-stones. 3. The key thing to realize is that working harder is same as working smarter. How do you work smarter? You just need to have the right skills. People want improved circumstances and better life without an improved self. They want victory without paying the price or making efforts. It really cannot happen without the other. Any improvements that have not been generated by improving yourself are superficial and short-lived. If you want to have a better future, you have to change yourself. Stop worrying about the various challenges that will come your way. Just believe in yourself and use them as stepping-stones. 4. “Success” is getting whatever you want out of life without violating the rights of others.” It is not an accident. Success is the result of our attitude and our attitude is a choice. Hence success is a matter of choice and not chance. 5. Today success represents a holistic and positive attitude to life. Attitude is everything. Success is not restricted within some kind of brick and mortar premises. It assumes the individuality of a complete act executed with perfection, material achievements do not define life. We don’t remember sports stars for the products they endorse but the spirit of achievement they represent. In the abundance of positive attitude underline the grandeur of a truly rewarding rich life. 6. Success can be measured from two standpoints—the external and the internal. Externally it is the measure of a job well done and recognition. Internally it the feeling of achievement and wholeness derived from the completion of a task or fulfillment of desire. On the basis of your reading of the above extract, answer the following questions in 30-40 words each: (a) What qualities lead one to the place called success? (b) What is the difference between disaster and triumph? (c) How can one have a better future? (d) Describe two ways to measure success. |
| Answer» (a) a spare called determination, an engine called perseverance, insurance called faith, and a driver called God. (b) The difference between a disaster and triumph lies in whether or not you’re prepared and willing to weather the storm. If you’re ready, those bumps will become stepping-stones. (c) If you want to have a better future, you have to change yourself. Stop worrying about the various challenges that will come your way. Just believe in yourself and use them as stepping-stones. (d) Success can be measured from two standpoints—the external and the internal. Externally it is the measure of a job well done and recognition. Internally it the feeling of achievement and wholeness derived from the completion of a task or fulfillment of desire2X4 | |
| 80. |
A charge q is placed at the point of intersection of body diagonals of a cube. The electric flux passing through any one of its face isA. `(q)/(6 in 0)`B. `(3q)/(in 0)`C. `(q)/(3in 0)`D. |
| Answer» Correct Answer - A::C | |
| 81. |
A procedure that finds use in testing for genetic disorders, but is also misused for female foeticide isA. Lactational amenorrheaB. AmniocentesisC. Ariticial inseminationD. Parturition |
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Answer» Correct Answer - B Amniocentesis |
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| 82. |
The monetary policy generally targets to ensure `"………….…… "`A. price stability in the economyB. employment generation in the country.C. stable foreign relations.D. greater tax collections for the government. |
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Answer» Correct Answer - A price stability in the economy. |
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| 83. |
ABC Ltd. has Debt Equity ratio of 3:1 whereas Ltd. has Debt Equity ratio of 1:1. Name the advantage ABC Ltd will have over Ltd, when the rate of interest is lower than the rate of return on investment of the company. (a) Trading on equity, (b) Low risk, (c) Low cost of equity , (d) Greater flexibility. |
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Answer» Correct Answer - a Trading on equity. |
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| 84. |
Raghav’s friend Raman works as a Chartered Accountant in Solutions Ltd. Raman in a meeting with the Board of Directors of the Company came to know that the firm would soon be declaring a Bonus issue which would result in increase in the price of shares. Considering this, Raman advised Raghav to purchase the shares of Solutions Ltd., who acted on his advice and bought the shares before time. Which function of SEBI can control such malpractices (a) Protective functions, (b) Regulatory functions, (c) Development functions, (d) All the above. |
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Answer» Correct Answer - a Protective function |
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| 85. |
‘An economy is operating at under-employment level of income’. What is meant by the given statement? Discuss one fiscal measure and one monetary measure to tackle the situation. |
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Answer» An economy is said to be operating at under employment euilibrium level, if the planned aggregate ependiture falls short of available output in the economy, corresponding to the full employment level. It results into ecess of output available over the anticipated aggregate demand at full employment level. To tackle such a situation the aggregate demand has to be increased up to the level that the stocks can be cleared. Following measures may be taken for the same : (i) Decrease in taxes : The government under its fiscal policy may decrease the rate of taxes (both direct and indirect taxes). This will ensure greater purchasing power in the hands of general public. This will help to increase aggregate demand and remove the deflationary gap. (ii) Increase in money supply : Central bank through its epansionary monetary policy can increase the money supply in the economy. Central bank can use tools like bank rate, cash reserve ratio, repo and reverse repo rates etc. to ensure greater money in the hands of general public which would in turn increase the aggregate demand in the economy and be helpful in reducingremoving the deflationary gap |
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| 86. |
Vikrant joins his father’s business of Organic masalas, near otgarh in Himachal after completing his MBA. In order to capture a major share of the market, he decided to sell the product in small attractive packages by using the latest packaging technology. His father suggested that they hire financial consultants to estimate the amount of funds that would be required for the purpose & timings when it would be required. The concept being discussed by ikrant’s father, links which financial decision with the investment decision. a.)Dividend decision? ,(b) Financial Planning, (C) capital structure decision, (d) Financing decision. |
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Answer» Correct Answer - d Financing decision |
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| 87. |
‘Power sector in India has major issues with its installed capacity’. Discuss the given statement. |
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Answer» The given statement states about the insufficiency of the installed capacity of production of power in India. If the Indian economy wants to touch the GDP growth rate between 7-8 % it must target to produce electricity with a growth rate of 7% which is not possible with the present production capacity in the power sector. Thus, we need to work in two directions to improve installed capacity: i. increased investments (by both public and private players) in the power generation sector . ii. better utilization of the present infrastruture . |
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| 88. |
“Recently Indians have drifted away from the traditional knowledge and practices and caused large scale damage to environment”. Explain how, adopting the traditional practices can be helpful in achieving the objective of sustainable development? |
| Answer» The given statement is uite appropriate. Indian traditional practices were environment friendly and worked as complementary to the system and not its controller. The traditional agriculture system, healthcare system, housing, transport etc. were intrinsically environment friendly. The traditional practices used natural products and processes which are more or less free from side effects. For example by adopting medicinal plantsproducts we can conserve the resources and achieve the objective of sustainable development. | |
| 89. |
State the four components of physical distribution |
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Answer» The following are the components of physical distribution: 1. TranSQPortation is the means of carrying goods and raw material from the point of production to the point of sale. 2. Warehousing refers to the act of storing and assorting products in order to create time utility in them. 3. Inventory Control- A very important decision in reSQPect of inventory is deciding the level of inventory. 4. Order Processing- A good physical distribution system should provide for an accurate and SQPeedy processing of orders. |
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| 90. |
Explain the events that occur in the host cell on introduction of nematode-resistant gene into the tabacco plant by using Agrobacterium vectors |
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Answer» `**" "`RNA interference `**" "`silencing of a SQPecific mRNA due to a complementary RNA `**" "`dsRNA/Introduction of DNA was such that it produced both sence/ and anti-sence `RNA` in the host cells/these two RNAs formed dsRNA that initiated `RNAi` |
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| 91. |
Principles of management are NOT: a. Applicable only in large firms, b. Formed by practice and experience of managers, c. flexible, d. Contingent |
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Answer» Correct Answer - a Applicable only in large firms. |
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| 92. |
Name and explain with a suitable example the technique of Scientific Management given by Taylor, with the objective of determining the number of workers to be employed for a task. |
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Answer» Time Study- It determines the standard time taken to perform a well-defined job. The standard time is fixed for the whole of the task by taking several readings. The method of time study will depend upon volume and frequency of task, the cycle time of operation and time measurement costs. For example- On the basis of several observations it is determined that standard time taken by the worker to make one cardboard box is 20 minutes. So in one hour she/he will make 3 boxes. Assuming that a worker has to put in 8 hours of work in a shift and deducting one hour for rest and lunch, it is determined that in 7 hours a worker makes 21 boxes 3 boxes per hour. Now this is the standard task a worker has to do. Wages can be decided accordingly. |
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| 93. |
Artificial intelligence (AI) is making a difference to how legal work is done, but it isn’t the threat it is made out to be. AI is making impressive progress and shaking up things all over the world today. The assumption that advancements in technology and artificial intelligence will render any profession defunct is just that, an assumption and a false one. The only purpose this assumption serves is creating mass panic and hostility towards embracing technology that is meant to make our lives easier. Let us understand what this means explicitly for the legal world. The ambit of AI includes recognizing human speech and objects, making decisions based on data, and translating languages. Tasks that can be defined as ‘search-and-find’ type can be performed by AI. Introducing AI to this profession will primarily be for the purpose of automating mundane, tedious tasks that require negligible human intelligence. The kind of artificial intelligence that is employed by industries in the current scene, when extended to law will enable quicker services at a lower price. AI is meant to automate a number of tasks that take up precious working hours lawyers could be devoting to tasks that require discerning, empathy, and trust- qualities that cannot be replicated by even the most sophisticated form of AI. The legal profession is one of the oldest professions in the world. Thriving over a 1000 years, trust, judgement, and diligence are the pillars of this profession. The most important pillar is the relationship of trust between a lawyer and clients, which can only be achieved through human connection and interaction. While artificial intelligence can be useful in scanning and organizing documents pertaining to a case, it cannot perform higher-level tasks such as sharp decision- making, relationship-building with valuable clients and writing legal briefs, advising clients, and appearing in court. These are over and above the realm of computerization. The smooth proceeding of a case is not possible without sound legal research. While presenting cases lawyers need to assimilate information in the form of legal research by referring to a number of relevant cases to find those that will favour their client’s motion. Lawyers are even required to thoroughly know the opposing stand and supporting legal arguments they can expect to prepare a watertight defense strategy. AI, software that operates on natural language enables electronic discovery of information relevant to a case, contract reviews, and automation generation of legal documents. AI utilizes big-data analytics which enables visualization of case data. It also allows for creation of a map of the cases which were cited in previous cases and their resulting verdicts, as per the website Towards Data Science. The probability of a positive outcome of a case can be predicted by leveraging predictive analytics with machine learning. This is advantageous to firms as they can determine the return on investment in litigation and whether an agreement or arbitration should be considered. (a) On the basis of your understanding of the above passage, make notes on it using headings and sub-headings. use recognizable abbreviations (whereever necessary-minimum four) and a format you consider suitable. Also supply in appropriate tittle to it. (b) Write a summary of the passage in about 80 words. |
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Answer» If a student has attempted only summary or only notes, due credit should be given. 1 mark allotted for the title be given if a student has written the title. Content must be divided into heading and sub headings . Any title, main points and sub points may be accepted if they are indicative of the candidate’s understanding of the given passage, and the notes include the main points, with suitable and recognizable abbreviations. Complete sentences not to be accepted as notes. (In such cases `1//2-1` mark may be deducted from marks awarded to content) Numbering of points may be indicated in different ways, as long as a consistent pattern is followed 1. Not a threat 1.1 is a help 1.2 makes life easier 1.3 no profession defunct 2. AI will help legal field 2.1 recog human speech and object 2.2 making decisions based on data 2.3 translates langs 2.4 do search and find tasks 3. AI cannot perform high level tasks like 3.1 writing legal briefs 3.2 advising clients 3.3 apprng in courts 3.4 sharp decision making 4. Function of AI 4.1 collates data 4.2 predicts probable outcomes 4.3 tells return on invst 4.4 considering agreement or arbitration |
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| 94. |
Introduction of Economic Reform in Pakistan took place in`"……………"`A. 1978B. 1980C. 1988D. 1991 |
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Answer» Correct Answer - C 1998 |
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| 95. |
The purchases, production and sales managers at Sharda Ltd, a firm manufacturing readymade garments are generally at a conflict, as they have their own objectives. Usually each thinks that only they are qualified to evaluate, judge and decide on any matter, according the their professional criteria. Name the concept which will be required by the CEO Mr. Raman, to reconcile the differences in approach interest or opinion in the organisation. |
| Answer» Correct Answer - Coordination. | |
| 96. |
___________ gives shape to the organisation structure. a) Extent of delegation, b) SQPan of Management, c) No of employees, d) Planning |
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Answer» Correct Answer - b SQPan of management. |
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| 97. |
Ali Mohammad the CEO of Super Ltd believes that human resource is the most important asset of the firm. He believes that no organisation can be successful unless it can fill and keep filled the various positions provided for in the structure with the right kind of people. Identify the function of management being discussed above and state the benefits to the organisation that its proper application in the firm will ensure. |
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Answer» Staffing Proper staffing ensures the following benefits to the organization- (i) helps in discovering and obtaining competent personnel for various jobs, (ii) makes for higher performance, by putting right person on the right job, (iii) ensures the continuous survival and growth of the enterprise through the succession planning for managers, (iv) helps to ensure optimum utilisation of the human resources. By avoiding overmanning, it prevents under-utilisation of personnel and high labour costs. At the same time it avoids disruption of work by indicating in advance the shortages of personnel, and (v) improves job satisfaction and morale of employees through objective assessment and fair rewarding of their contribution. |
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| 98. |
Enumerate any five points of importance of financial planning. |
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Answer» Importance of financial planning: 1. It helps in forecasting what may happen in the future. 2. It helps in avoiding business shocks and surprises. 3. It helps in coordinating various business functions. 4. Reduce wastage, duplication of efforts. 5. It links present with the future. 6. It provides link between investment and financing decision. 7. It makes measurement of actual performance easier. |
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| 99. |
What is meant by Capital Budgeting State any four factors affecting fixed capital requirement of a firm. |
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Answer» Meaning- Decision to invest in fixed assets are known as capital budgeting decision. Factors affecting fixed capital requirement- 1. Nature of business- The type of business has a bearing upon the fixed capital requirement. 2. Scale of operation- A larger organization requires higher investment in fixed capital. 3. Choice of technique- A capital intensive organization requires higher investment in plant and machinery. 4. Technology upgradation- Such organisations which use assets which are prone to obsolescence require higher fixed capital. 5. Growth proSQPects-Higher growth of an organization generally requires higher investment in fixed assets. 6. Diversification- With diversification the fixed capital requirements increase. 7. Financing alternatives- Availability of leasing facility may reduce the funds required to be invested in fixed assets. 8. Level of collaboration- Collaboration reduces the level of investment in fixed assets. |
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