Compensation Management & HR Audit

Sr.No Question Option (A) Option (B) Option (C) Option (D) Correct Option
Minimum
Minimum competency
Purpose and objectives of a Tasks, duties and Level of authority and reporting competency
1 What does KSA in job description indicate? requirements of
job and its desired outcomes responsibilities of a job lines requirements of
performing the job
performing the job

2 A deferred compensation fund for retirement is a type of? Commission Merit-linked pay ESOP Profit sharing plan Profit sharing plan

The direct payment to an employee on an hourly basis is

3 Wage Salary Overtime Differential Wage
called which one of the following?

Which Act ensures that wages are paid to workers at Equal Remuneration Workmen's Compensation Act, Payment of Wages Act, Payment of Wages
4 Minimum Wages Act, 1948
regular intervals without any unauthorised deductions? Act, 1976 1923 1936 Act, 1936

Which party does not contribute to the provision of

5 Industry Workers Government Community Community
employee benefits and services?

Which the following options regulates and administer, the

6 EPFO RBI IRDA ESIC EPFO
social security regulations in India?

A management control A performance A statutory

7 The HR audit is all of the following, except: A diagnostic tool A statutory requirement
tool measurement exercise requirement

8 Which approach of HR audit is based on goal setting? MBO Statistical Outside authority Compliance MBO
What can be a limitation of a self-audit by the HR
9 Lack of budget Lack of data Lack of manpower Lack of objectivity Lack of objectivity
department?
From the following options, what must necessarily be
10 Money Resources Freedom Team Freedom
granted to an auditor?
Which among the following is not a means to conduct HR Performance
11 Interview Observation Secondary data Performance evaluation
audit? evaluation
Which among the following is the process of forecasting an
Human Resource Human Resource Human Resource Human Resource
12 organisation's demand and supply of the right number and Human Resource Planning
Development Auditing Management Planning
type of people in the future?
Wider range of Wider range of
Number of people from Employing more women
13 Diversity in the workplace covers: Giving more jobs to minorities characteristics of characteristics of
various ethnicities than men
employees employees
14 What is the last step of human capital planning? Budgeting Management Recruiting Training Management
A customer gives a rating of 9 or 10 to a company to
15 recommend its services to other potential clients. This Net promoter score 360-degree feedback 180-degree feedback Forced ranking Net promoter score
indicator is called:

The correlation between performance and compensation of Performance Management Performance

16 HR planning HR development Employee relations
employees is evaluated during the audit of: System Management System
Inequitable to Motivating to
17 A well-balanced compensation system is: Motivating to employees Differential to employees Generous to executives
employees employees
Performance Management
18 LTIFR is an indicator to evaluate: Employee safety Human capital planning Compensation system Employee safety
System
Employee training and Human capital
19 Organisational planning is considered while auditing: Performance appraisal Human capital planning Employee safety
development planning

Which audit particularly verifies whether an organisation

20 HRD audit PMS audit Compensation system audit HRIS audit HRD audit
identifies high potential employees for key positions?

Which among the following comprises 60% of the total Employee

21 Employee safety Employee development Employee engagement Employee compensation
operational costs to an organisation? compensation
Compensation
22 HRD activities help in all the following activities except: Employee on boarding Career development Compensation management Employee retention
management

Company's revenue minus operating expenses and

23 compensation and benefit cost divided by total Revenue per employee Profit per FTE Employee turnover Human capital ROI Human capital ROI
compensation and benefit cost paid to employees gives:

Which element of the HR structure drives operational

excellence by delivering customer service, and also
24 HR Center of Excellence HR Business Partners HR Shared Services Hybrid HR Structure HR Shared Services
administers HR programs with an emphasis on efficiency,
data and technology?

As the staff size of an organisation increases, the HR-to-

25 Increases Decreases Remains constant Becomes redundant Increases
employee ratio: