1. In which year did factories act come into force?

23rd September, 1948

1st April, 1949 [a]
4th April, 1949
12th September, 1948

2. The poor quality of selection will mean extra cost on _______ and supervision.
Training [a]
Recruitment
Work quality
None of the above

3. Personnel manager provides assistance to ________

Employees
Owner
Top Management [a]
All of above

4. What is the source of external recruitment?

Advertisements [a]
Transfers
Promotion
All of above

5. Industrial safety management is the branch of management which is concerned with

______ hazards from the industries.
Reducing
Controlling
Eliminating
All of these [a]

6. Which type of employee’s record is maintained in personnel management?

Medical reports
Academic Qualification
Leave Records
All of above [a]

7. ________is widely used for human relations and leadership training

Business games
Role playing [a]
Case study method
Job rotation
8. Demonstration type of training method is used to train
Workers [a]
Supervision
Managers
All of the above

9. Training is most effective in resolving:

Sill gaps [a]
Attitudinal problems
Poor motivation
Attendance issues

10. Which of the following is the type of Capital in Financial Management?

Fixed Capital
Working Capital
Both (a) and (b) [a]
None of above

11. _______ refers to money which a customer is allowed to withdraw in excess of the
balance in his account.
Trade Credit
Loan Amount
Savings Account Amount
Overdraft [a]

12. ________ an estimate of the number of units that must be manufactured to meet the
sales goals.
Cost Budget
Labor Budget
Production budget [a]
Sales Budget

13. Income tax is which type of tax?

Direct Tax [a]
Indirect Tax
Both (a) and (b)
None of above

14. __________ have equal claim on company’s profit and obligation on loss.
Workers
Shareholders [a]
Managers
All of above
15. Which of the following are the sources of Fixed capital
Loans from bank
Retained Earning
Both (a) and (b) [a]
None of above

16. Income from savings bank account interest, fixed deposits, winning in lotteries is
taxable under this head.
Income from Other Sources [a]
Income from Salary
Income from Capital Gains
Income from Business and Profession

17. Income range from Rs 7.5 lakh to Rs 10 lakh falls under which New regime slab of
Income Tax?
5%
10 %
15 % [a]
20 %

18. Which of the following is a tax collected by the Central Government for an inter-state
sale?
SGST
CGST
IGST [a]
All of above

19. The _________ constitutes a major portion of the total manufacturing cost.
Material Cost [a]
Marketing Cost
Labor Cost
None of above

20. _______ is detailed list of movable items which are required for manufacturing
products and maintaining the equipment and machines in good working order.
Material Billing
Material Quotation
Material Invoice
Inventory [a]
21. In Financial Management what is full form EOQ?
Economic Order Quality
Economic Order Quantity [a]
Economic Official Quantity
Economic Objective Quantity

22. Which analysis is based on the principle of “Vital Few-Trivial more”.

Inventory Analysis
Financial Analysis
ABC Analysis [a]
None of above

23. In ABC Analysis which kind of items are low value & high volume kind of item like
‘Trivial More’.
Item ‘A’
Item ‘B’
Item ‘C’ [a]
All of above

24. What is the Objective of Purchase Procedure?

To procure Right Material
To procure material @ Reasonable Price
To ensure quality of material
All of above [a]

25. _____ is small incremental changes made for improving productivity and minimizing
wastes.
Kaizen [a]
Six sigma
5S
All of above

26. 5S is a workplace organization methodology that uses a list of five ________.

Chinese words
American words
Korean words
Japanese words [a]

27. The concept of Six Sigma was developed by the following company.
General Electric
Motorola [a]
Honeywell
DuPont