TYBMS SEM V FINANCE FOR HR

1st unit

1. Bonus is paid to the employees during festive seasons to motivate them and provide them the
social security.

a) Salary b) Medical reimbursement c) Bonus d) in kind

2. An important factor influencing the wage is the cost of living.

a) Standard of living b) Cost of living c) Cost of financing d) Cost of process

3. An ideal compensation system will have positive impact on the efficiency and results produced by
employees.

a) Positive b) Negative c) No impact d) Neutral

4. The 3P system ensures that human resources management plays a central role in management
decision making and the achievement of business goals.

a) 4P b) 2P c) 3P d) 1P

5. The employee’s post along with its roles and responsibilities play a crucial role in deciding the
compensation and rewards for the employee.

a) Education b) Post c) Level d) Experience

6. The Benefits serve as incentives to the employees and encourage them to work harder for the
organisation.

a) Salaries b) Encouragement c) Benefits d) Bonus

7. Today’s employees want to grow professionally by growing their knowledge as well as skill sets.

a) Positions b) Minds c) Qualification d) Skills sets

8. Employees always feel that having a culture that recognized the importance of connecting
performance to rewards are key to their satisfaction.

a) Rule b) Culture c) Awareness d) Tradition

9. Succession planning when operating within an organisation brings a sense of purpose and
continuity to employees.

a) Retirement b) Holiday c) Succession d) Termination

10. Management must consider ways to develop younger staff with great potential.

a) Younger b) Middle aged c) Old d) Little old

11. Trust demonstrated as part of the culture of an organisation is highly valued by all generations of
employees.

a) Power b) Skill c) Trust d) Qualification

12. Many people today are looking for meaningful work but on a part-time basis.
a) Part time b) Full time c) One time d) All time

13. A well framed compensation policy provides valuable guidance for the development of a salary
structure.

a) Organisational b) Legal c) Salary d) Bonus

2nd unit

14. _________ group pressure can also be helpful in raising the performance of the whole team.

a) Internal b) Peer c) External d) Competitors

15. The Scanlon Plan is a plant wide incentive scheme developed by Joe Scanlon in the United States
around 1938 .

a) 1945 b) 1895 c) 1938 d) 1950

16. _______ workers only can keep the standard of administration high.

a) Disciplined b) Motivated c) Skilled d) Qualification

17. ESOP is a plan which allows employees to profit from the growth of the company by giving them
an option to acquire stake in the company.

a) PBR b) ESOP c) Individual incentive d) Risk plan

18. The market value of an item is the price it brings in a market where demand and supply are
equal.

a) Sale b) Resale c) Market d) Location

19. Some jobs pay more because they are less desirable.

a) Acceptable b) Difficult c) Convinent d) Desirable

20. A sustained equilibrium with different wage rates across different areas can happen.

a) Equilibrium b) Disequilibrium c) Monotony d) Anotony

21. For any given type of jobs, wages are usually higher in one locality than in others.

a) Lower b) Same c) Higher d) Medium

22. People tend to look for jobs in their own field by searching the local newspaper or local internet
listings.

a) Field b) Locality c) Contacts d) Community

23. Equal pay for equal work has been recommended by the ILO.

a) UNO b) UINIC c) ONL d) ILO

24. Inter-firm differentials reflects the relative wage levels of workers in different plants in the same
area and occupation.

a) Occupational b) Inter-firm c) Personal d) Departmental

25. Agricultural labour in India belongs to the unorganised sector of the economy.

a) Organised b) Unorganised c) Unified d) Separate

26. The gap between poorly skilled and highly skilled workers gets smaller each year.

a) Smaller b) Stagnant c) Medium d) Wider

3rd unit

27. Publicly traded corporations are required to have a board of directors.

a) Privately b) Poorly c) Publicly d) Contract

28. Base salary is the amount of money that an expatriate normally receives in his/her home
country.

a) Home b) Foreign c) Neutral d) Collaboration

29. Vacation along with holidays and rest breaks help employees tackle Exhaustation.

a) Paranoia b) Exhaustation c) Job role d) Job description

30. Objectives should be set and recorded at the beginning of the performance period.

a) Beginning b) Ending c) Middle d) In between

31. Human resource is an asset whose value gets appreciated over the period of time.

a) Depreciated b) Saturated c) Stable d) Appreciated

32. Till the recent past, organisations took few efforts to assign _________ value to human resource
in its accounting practice.

a) Ethical b) Monetary c) Non-monetary d) In kind

33. The people are the most important assets of an organisation.

a) People b) Property c) Raw material d) Process

34. The basic objective of HRA is to foster the ________ of human resource.

a) Position b) Career c) Efficiency d) Qualification

35. Replacement cost is much better indicator of value of human assests.

a) Fixed b) Replacement c) Historical d) Zero

36. Heckiman and Jones first advocated the historical cost approach.

a) Historical b) Total c) Opportunity d) Growth

37. The employee is considered as _______ only when the employement is one division of an
individual or group disallows this kind of talent to another division.

a) Useful b) Abundant c) Adequate d) Scarce

38. For using replacement cost, employees of an organisation are classified into different groups
based on their positions in the organisational hierarchy.
a) Opportunity b) Replacement c) Standard d) Fixed

4th unit

39. It is the responsibility of the stakeholders to maintain such registers and records giving
particulars of persons employed by an organisation.

a) Government b) Employee c) Employer d) Stake holder

40. Every employee irrespective of his wages is entitled to receive gratuity if he has rendered
continuous service of 5 years or more than 5 years.

a) Pension b) Gratuity c) Bonus d) In kind

41. In the case of an employee who is employed in a seasonal establishment and who is not so
employed throughout the year, the employer shall pay the gratuity at the rate of seven days wages
for each session.

a) Eight b) Nine c) Seven d) Six

42. The workmen’s compensation Act does not apply to workmen covered under _______ Act.

a) ESI b) EPF c) LIC d) SFC

43. An accident arising out of employment implies a casual connection between the injury and the
accident and the work done in the course of employment.

a) Casual b) Formal c) Legal d) Informal

44. The EPF & Miscellaneous Act, 1952 extends to the whole of India except the State of Jammu &
Kashmir.

a) Maharashtra b) Gujarat c) Jammu & Kashmir d) Goa

45. A Pay Commission is a panel of members of the Union cabinet of India for reviewing and revision
of the salaries of all government employees.

a) UNO b) Union Cabinet of India c) State Cabinet of Maharashtra d) State Cabinet of Goa

46. Since India’s Independence, six pay commissions have been set up till date.

a) Four b) Five c) Six d) Three

47. The first pay commission was established in May 1946, and had submitted its report within a
year.

a) 1965 b) 1946 c) 1948 d) 1950

48. The Chairman of the second pay commission was Jagannath Das.

a) Jaganath Das b) Raghubeer Dayal c) P N Singhal d) S V Rao

49. The third pay commission set up in April 1970 gave its report in March 1973.

a) 1983 b) 1971 c) 1973 d) 1977

50. The Chairman of fifth pay commission was Justice S. Ratnavel Pandian.

a) First b) Fifth c) Second d) Third

51. Compensation management aims at motivating personnel for higher productivity.

a) absenteeism b) productivity c) rationality d) unproductive

52. Direct compensation refers to monetary benefits offered and provided to employee in return of
the services they provide to the organization.

a) obligatory b) non-monetary c) monetary d) kind