MCQ'S (Q3)

5/2/2021 Q3
Q3 Total points 14/80
101GC – 01 Managerial Accounting 0 of 10 points
1. Every adjusting entry affects? * 0/1
(a) Income statement account only
(b) Balance sheet account only
(c) Both A & B
(d) None
Correct answer
(c) Both A & B
2. If a business pays for only 11 months’ rent during a financial year, what 0/1
accounting term is given to the outstanding one month's rent? *
(a) Repayment
(b) Prepayment
(c) Underpayment
(d) Payable
Correct answer
(d) Payable
https://docs.google.com/forms/d/e/1FAIpQLSfr2zdLuEa6AjWWpeXzG3_qsyR-ALdkhNXiZSAEjHuhNjmDmw/viewscore?viewscore=AE0zAgAaz… 1/36
5/2/2021 Q3
3. Adjusting Entries? * 0/1
(a) Assign revenue to the period in which they are earned
(b) Help to properly measure the period’s Net Profit / Loss
(c) Bring asset and liability account to correct balances
(d) All of about statements are true regarding Adjusting Entries
Correct answer
(d) All of about statements are true regarding Adjusting Entries
4. A balance of unearned rent at the end of period represents? * 0/1
(a) An asset
(b) An expenses
(c) A liability
(d) Revenue
Correct answer
(c) A liability
5/2/2021 Q3
5. Which one of the following is an example of unearned income? * 0/1
(a) Cash paid to supplier
(b) Advanced received from bank
(c) Advanced received from a customer for a purchase order place by him
(d) Cash discount received from customer
Correct answer
(c) Advanced received from a customer for a purchase order place by him
6. Short Term Loan can be best describing as? * 0/1
(a) If the period is three years
(b) If the period is over one year
(c) If the period is less than one year
(d) B and C
Correct answer
(c) If the period is less than one year
5/2/2021 Q3
07. Unearned revenues are? * 0/1
(a) Prepayments
(b) Liabilities
(c) Temporary accounts
(d) Both a and b above
Correct answer
(b) Liabilities
08. Which of the following should not be called “Sales”? * 0/1
(a) Goods sold for cash
(b) Office fixtures sold
(c) Goods sold on credit
(d) All of before
Correct answer
(b) Office fixtures sold
5/2/2021 Q3
09. The revenue receipt is shown in income statement as a? * 0/1
(a) Expense
(b) Income
(c) Other income
(d) Other expense
Correct answer
(b) Income
10. Which of the following is true for every adjusting entry? * 0/1
(a) They affect only income statement accounts
(b) They affect balance sheet account and an income statement account
(c) They affect only balance sheet accounts
(d) They affect only accounts with normal debit balance
Correct answer
(b) They affect balance sheet account and an income statement account
102GC – Organizational Behaviour 2 of 10 points
5/2/2021 Q3
1. If rewards are adequate, high levels of performance may lead to 0/1

satisfaction is the argument of -------------- *
Maslow’s theory
Porter-Lawler Model
Equity theory
Vroom's Expectancy Theory
Correct answer
Porter-Lawler Model
2. In Herzberg's two factor theory, Working condition is considered as --- 1/1

--- *
Hygiene factor
Motivational factor
Primary factor
Secondary factor
5/2/2021 Q3
3. Maslow grouped the five needs into two categories * 0/1
Supreme needs and local needs
Luxurious needs & comfort needs
Higher-order needs and Lower-order needs
Self need & others
Correct answer
Higher-order needs and Lower-order needs
4. In the Equity theory of motivation an individual’s motivation to put 0/1

effort into a task is influenced by whether: *
everyone is treated the same
other people are less skilled than the individual.
the person obtains the same rewards as other people.
the rewards he/she obtains are fair in comparison with rewards obtained by another
person.
Correct answer
the rewards he/she obtains are fair in comparison with rewards obtained by another
person.
5/2/2021 Q3
5. Neeta always feels like she is never included in group activities or 0/1
social events. She has become depressed and lonely. According to
Maslow, which category of needs has not been fulfilled? *
physiological
Esteem
safety
social needs
Correct answer
social needs
6. Ensuring a fair balance between an employee’s contributions to the job0/1

and the rewards received in return from that job is the essence of -------
*
Expectancy theory
Equity theory
Agency theory
Contingency theory
Correct answer
Equity theory
5/2/2021 Q3
7. Appreciation , incentives are -------- * 0/1
Intrinsic motivator
internal motivator
social motivator
Extrinsic motivator
Correct answer
Extrinsic motivator
8. All of the following are examples of Herzberg's hygiene needs EXCEPT: 0/1
*
Job security
Responsibility
Pay
effective supervision
Correct answer
Responsibility
9. The highest level of needs in Maslow’s hierarchy is: * 1/1
Self Actualization
Safety
Esteem need
Social needs
5/2/2021 Q3
10. The two factor theory is based on which factors? * 0/1
Self - actualization and status quotient
Safety and self - esteem
Hygiene and motivational factors
None of the above
Correct answer
Hygiene and motivational factors
103GC – Economic Analysis for Business Decisions 2 of 10 points
1) Demand for a commodity depends on * 0/1
Price of that commodity
Price of related goods
Income
All the above
Correct answer
All the above
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5/2/2021 Q3
2) Law of demand establishes * 1/1
Inverse relationship between price and quantity
Positive relationship between price and quantity
Both
none
3) Demand for a product should have the following pre-requisite * 0/1
Ability to buy
Willingness
Need
All of these
Correct answer
All of these
4) A single point on the demand curve shows * 0/1
Demand and supply relationship
Price and supply relationship
Price and demand relationship
None of these
Correct answer
Price and demand relationship
5/2/2021 Q3
5) The fall in the price of one commodity leads to fall in demand for other 1/1
commodity and vice versa for *
Substitutes
Complementary
Both (a) and (b)
None of the above
6) Decrease or fall in the price of commodity leads to increase in demand 0/1

because of *
Substitution Effect, i.e., Relatively cheaper than related goods
Income Effect, i.e., Consumer become better off
Both (a) and (b)
None of these
Correct answer
Both (a) and (b)
5/2/2021 Q3
7) Generally the demand curve has * 0/1
A slope downward from left to right
A negative slope right
Both of these
None of these
Correct answer
Both of these
8) Which of the following is not the property of indifference curve: * 0/1
Higher the indifference curves higher the level of satisfaction
Indifference curve is downward sloping
Indifference curve is concave to origin
Two indifference curves cannot intersect each other
Correct answer
Indifference curve is concave to origin
5/2/2021 Q3
9) In indifference map, higher IC indicates: * 0/1
Lower level of satisfaction
Higher level of satisfaction
Same level of satisfaction
Either higher or same level of satisfaction
Correct answer
Higher level of satisfaction
10) An indifference curve shows consumer's equilibrium when IC curve is 0/1

tangent to __ *
Choices and preferences of consumer
Budget line
Consumer’s income
Total utility from goods X and Y
Correct answer
Budget line
105GC – Basics of Marketing 1 of 10 points
5/2/2021 Q3
Q1- The concept of exchange is important to marketing because: * 0/1
if all the conditions for an exchange are in place, then the exchange will be
completed
exchange provides money to marketers
marketing activities help to create exchange
marketing activities are a requirement for exchange to take place
money is the only medium of exchange for business marketers
Correct answer
marketing activities help to create exchange
Q2- Which of the following is NOT a marketing management philosophy? 0/1

*
sales orientation
societal marketing orientation
market orientation
profitability orientation
production orientation
Correct answer
profitability orientation
5/2/2021 Q3
Q3- _____ is defined as the relationship between benefits and the 0/1
sacrifice necessary to obtain those benefits *
Opportunity cost
Marketing utility
Market quality
Satisfaction percentage
Customer value
Correct answer
Customer value
Q4- When customer expectations regarding product quality, service 0/1

quality, and value-based price are met or exceeded, _____ is created. *
a value line
a quality rift
planning excellence
customer satisfaction
expectation satisfaction
Correct answer
customer satisfaction
5/2/2021 Q3
Q5- The study of people's vital statistics, such as their ages, births, 0/1
deaths, and locations, is called: *
cultural sociology
psychometrics
ecology
ethnography
demography
Correct answer
demography
Q6- Which of the following is NOT a demographic characteristic of a 0/1

population? *
income level
age
values
education
birthrate
Correct answer
values
5/2/2021 Q3
Q7- _____ is the process of anticipating events and determining 0/1

strategies to achieve organizational objectives. *
Planning
Portfolio evaluation
Forecasting
Implementation
Evaluation
Correct answer
Planning
Q8- Which of the following is one of the elements of the marketing plan? 0/1
*
a business mission statement
a situation analysis
a target market strategy
the marketing mix
all of the choices
Correct answer
all of the choices
5/2/2021 Q3
Q9- The SWOT acronym refers to a firm’s analysis of its: * 0/1
sales, width of product mix, observations, and technology
situations, wealth, organizational strengths, and target markets
strengths, weaknesses, opportunities, and threats
service levels, willingness to spend, organizational culture, and total revenues
strategies, willingness to change, objectives, and trends
Correct answer
strengths, weaknesses, opportunities, and threats
Q10- The _____ orientation assumes people will buy more if aggressive 1/1
selling techniques are used. *
market
sales
customer
production
exchange
106-GC – Digital Business 4 of 10 points
5/2/2021 Q3
1) The four IOT characteristics * 0/1
Interconnectivity
Things-related services
Heterogeneity
Dynamic changes
Interdependency
Homogeneous
Correct answer
Interconnectivity
Things-related services
Heterogeneity
Dynamic changes
2) Smart Grid Have Centralized electricity generation * 0/1
Yes
No
Correct answer
No
5/2/2021 Q3
3) Electronic devices that are physically worn by individuals in order to 1/1

track, analyze and transmit personal data *
Wear electronics
Wearable Computing Devices
Electronic Devices
4) Wearable electronics that are surgically embedded under the skin * 0/1
Smart Clothing
Implantable
Smart tJewellery
Correct answer
Implantable
5) Network of physical objects that contain embedded technology to 1/1

communicate and sense or interact with their internal states or the
external environment *
IOT
Wearable Devices
Smart Meter
Smart Grid
5/2/2021 Q3
6) Decentralization of Power Generation in smart grid means * 0/1
Provides users with an automated way to reduce their electricity bills
A distributed or decentralized grid system allows the individual user to generate

onsite power by employing any appropriate method at his or her discretion
The sum/total of the power grid load is not stable and it varies over time
Correct answer
A distributed or decentralized grid system allows the individual user to generate

onsite power by employing any appropriate method at his or her discretion
7) Meesho App can be considered as * 1/1
Social reslling app
Video Commerce
Social network led
Conversation led
8) One to many interactions by brands/influencers via livestream * 0/1
Social reslling app
Video Commerce
Social network led
Conversation led
Correct answer
Video Commerce
5/2/2021 Q3
9) Bulbul app can be associated with * 1/1
One to many interactions by brands/influencers via livestream
one to one interactions enriched communication through chat
Group formed by consumers to purchase in bulk
10) Amozon app can be considered as * 0/1
Banking and financial services
Mobile enterprise applications
Consumer services
Location-based mobile commerce
Correct answer
Consumer services
107GE - UL -Management Fundamentals 1 of 10 points
1) Which of the following sentence is NOT correct * 0/1
Organization structure defines who reports to whom
Structure follows strategy
Strategy follows structure
Organization structure defines how the work is organizaed
Correct answer
Structure follows strategy
5/2/2021 Q3
2) Structure depends on which of the following factors * 0/1
Formalization
Complexity
Management
Centralization
Correct answer
Formalization
Complexity
Centralization
3) Management by exception means............... * 0/1
management expects results
management expects profits
management expects growth
Management should manage only in exceptional cases
Correct answer
Management should manage only in exceptional cases
5/2/2021 Q3
4) IF HUL decides to go for Product departmentalization, the 0/1

departments will be as follows: *
Personal care - Beverages - Detergent
HR- Marketing- Operations- Finance
West zone- East zone- central zone
all of the above
Correct answer
5) IF HUL decides to go for Functional departmentalization, the 1/1

departments will be as follows: *
HR- Marketing- Operations- Finance
West zone- East zone- central zone
all of the above
5/2/2021 Q3
6) Which of the following results in Tall structure * 0/1
Wide span of control
organic strucutre
mechanistic structure
Narrow span of control
Correct answer
7) Which of the following results in Flat structure * 0/1
organic strucutre
mechanistic structure
Correct answer
5/2/2021 Q3
8) When the work needs close supervision by managers............................. 0/1

span of control works best *
Internal
External
Narrow
Wide
Correct answer
Narrow
9) When the work is routine and repetitive and does not need close 0/1
supervision by managers............................. span of control works best *
Internal
External
Narrow
Wide
Correct answer
Wide
5/2/2021 Q3
10) An advertising industry would select which type of structure * 0/1
Mechanistic
Complex
Organic
All of the above
Correct answer
Organic
108GE - UL -Indian Economy 2 of 10 points
1) Which among the following bodies estimates the national income of 0/1
India? *
Office of the Economic Advisor
Ministry of Statistics
Central Statistical Office
Ministry of Finance
Correct answer
Central Statistical Office
5/2/2021 Q3
2) Bank Rate is defined as the rate at which: * 0/1
RBI lends short term loans to commercial banks
A commercial bank can lend to its customers
RBI lends long term loans to commercial banks
The commercial banks are able to borrow overnight funds from RBI
Correct answer
RBI lends long term loans to commercial banks
3) Which among the following defines ‘currency depreciation” of a 0/1

currency? *
Fall in the exchange rate of one currency in terms of other currencies
Fall in the exchange rate of other currencies in terms of one currencies
Decrease in the volume of a particular currency
Increase in the exchange rate of a currency
Correct answer
Fall in the exchange rate of one currency in terms of other currencies
5/2/2021 Q3
4) Headquarters of Indian Patent Office is located at? * 0/1
Chennai
Mumbai
Kolkata
Hyderabad
Correct answer
Kolkata
5) India’s economic planning cannot be said to be: * 1/1
Indicative
Imperative
Limited
Democratic
6) Economic Survey is published by: * 0/1
Ministry of finance
Planning commission
Govt. of India
Indian statistical institute
Correct answer
Ministry of finance
5/2/2021 Q3
7) India is the biggest produces as well as the largest consumer and 0/1
importer of which of the following crops? *
Wheat
Cotton
Sugarcane
Pulses
Correct answer
Pulses
8) Which of the following will not be covered under the proposed GST in 0/1
India? *
Agricultural products
Handicrafts
Gems and Jewelries
Petroleum products
Correct answer
Petroleum products
5/2/2021 Q3
9) What is the full form of Niti aayog? * 1/1
National Institute to Transform India
National Institute for Transforming India
National Institution to Transform India
National Institution for Transforming India
10) Indian Economy is : * 0/1
Socialist Economy
Gandhian Economy
Mixed Economy
Free Economy
Correct answer
Mixed Economy
109 GE - UL -Entrepreneurship Development 2 of 10 points
(1) Corporate entrepreneurship is more than just new product 0/1

development, and it can include innovations in services, channels,
brands, and so on. *
True
False
Correct answer
True
5/2/2021 Q3
(2) In the Producer model, the company establishes and supports a full- 0/1
service group with a mandate for corporate entrepreneurship. *
True
False
Correct answer
True
(3) The emerging models of corporate entrepreneurship are: * 0/1
The socialist
The advocate
The producer
The enabler
Correct answer
The enabler
The producer
The advocate
5/2/2021 Q3
(4) Dedicating resources and processes (but without any formal 0/1
organizational ownership) enable teams to pursue opportunities on their
own insofar as they fit the organization's strategic frame. *
True
False
Correct answer
True
(5) In the advocate model, a company assigns organizational ownership 0/1

for the creation of new businesses while intentionally providing only
modest budgets to the core group. *
True
False
Correct answer
True
5/2/2021 Q3
(6) Incubators provide: * 0/1
Platform to do networking
Infrastructural support i.e. office space, meeting room
Capital Investment
Management assistance
Correct answer
Infrastructural support i.e. office space, meeting room
Management assistance
Platform to do networking
(7) Technology commercialization assistance is not one of the services 0/1

provided by incubators. *
True
False
Correct answer
False
(8) Business incubation programs provide support functions, mentorship, 0/1

and resources to individual entrepreneurs or entrepreneurial setups. *
True
False
Correct answer
True
5/2/2021 Q3
(9) The incubation period includes stages of IPO and acquisitions. * 1/1
True
False
(10) Only a few prestigious B-schools house an incubation center 1/1

nowadays. *
True
False
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5/2/2021 Q3

Q3 Total points 14/80

101GC – 01 Managerial Accounting 0 of 10 points

1. Every adjusting entry affects? * 0/1

(a) Income statement account only

(b) Balance sheet account only

(c) Both A & B

(c) Both A & B

3. Adjusting Entries? * 0/1

(a) Assign revenue to the period in which they are earned

(b) Help to properly measure the period’s Net Profit / Loss

(c) Bring asset and liability account to correct balances

(d) All of about statements are true regarding Adjusting Entries

(d) All of about statements are true regarding Adjusting Entries

4. A balance of unearned rent at the end of period represents? * 0/1

5. Which one of the following is an example of unearned income? * 0/1

(a) Cash paid to supplier

(b) Advanced received from bank

(d) Cash discount received from customer

6. Short Term Loan can be best describing as? * 0/1

(a) If the period is three years

(b) If the period is over one year

(c) If the period is less than one year

(c) If the period is less than one year

07. Unearned revenues are? * 0/1

(c) Temporary accounts

(d) Both a and b above

08. Which of the following should not be called “Sales”? * 0/1

(a) Goods sold for cash

(b) Office fixtures sold

(c) Goods sold on credit

(d) All of before

(b) Office fixtures sold

09. The revenue receipt is shown in income statement as a? * 0/1

(c) Other income

(d) Other expense

(a) They affect only income statement accounts

(c) They affect only balance sheet accounts

(d) They affect only accounts with normal debit balance

102GC – Organizational Behaviour 2 of 10 points

1. If rewards are adequate, high levels of performance may lead to 0/1

Vroom's Expectancy Theory

2. In Herzberg's two factor theory, Working condition is considered as --- 1/1

3. Maslow grouped the five needs into two categories * 0/1

Supreme needs and local needs

Luxurious needs & comfort needs

Higher-order needs and Lower-order needs

Self need & others

Higher-order needs and Lower-order needs

4. In the Equity theory of motivation an individual’s motivation to put 0/1

everyone is treated the same

other people are less skilled than the individual.

the person obtains the same rewards as other people.

6. Ensuring a fair balance between an employee’s contributions to the job0/1

7. Appreciation , incentives are -------- * 0/1

9. The highest level of needs in Maslow’s hierarchy is: * 1/1

10. The two factor theory is based on which factors? * 0/1

Self - actualization and status quotient

Safety and self - esteem

Hygiene and motivational factors

None of the above

Hygiene and motivational factors

103GC – Economic Analysis for Business Decisions 2 of 10 points

MCQ'S (Q3)

MCQ'S (Q3)