Q. Name the function of management which involves setting objectives and developing appropriate courses of action to achieve these objectives.
✅ Correct Answer: (C)
Planning
Planning MCQs with answers
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Q. Which of the following is not a benefit of planning?
✅ Correct Answer: (B)
Planning is a mental exercise.
Q. Which of the following is a benefit of planning?
✅ Correct Answer: (D)
All of the above.
Q. Which of the following statements is not true with reference to planning?
✅ Correct Answer: (B)
Planning does not lead to rigidity.
Q. Which of the following is not a feature of planning?
✅ Correct Answer: (C)
Planning establishes standards for controlling.
Q. All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning.
✅ Correct Answer: (D)
Planning is primary function of management.
Q. Planning requires logical and systematic thinking rather than guess work or wishful thinking. Identify the related feature of planning.
✅ Correct Answer: (B)
Planning is a mental exercise.
Q. Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.
✅ Correct Answer: (B)
Planning may not work in a dynamic environment.
Q. It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.
✅ Correct Answer: (D)
Planning does not guarantee success.
Q. Identify the correct sequence of steps involved in the planning process.
✅ Correct Answer: (D)
Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses
Q. A strategy is a comprehensive plan which will not include this dimension
✅ Correct Answer: (C)
The ends which the management seeks to achieve by its operations
Q. They provide a basis for interpreting strategy, which is usually stated in general terms.
✅ Correct Answer: (A)
Policies
Q. They detail the exact manner in which any work is to be performed.
✅ Correct Answer: (C)
Procedures
Q. It helps to save time, money and effort, and increases efficiency.
✅ Correct Answer: (D)
Method
Q. Micromax was India’s largest seller of mobile handsets. It launched low-cost Chinese manufacturing with some smart packaging and features like long-lasting batteries and dual-sim functionality to garner 20% market share in India’s value-conscious mobile handset market. Identify the two types of plans being described in the above lines.
✅ Correct Answer: (A)
Strategy and objective
Q. According to a survey, these days the young children have more power in purchasing decisions than ever before. The parents seek their kids’ opinions about all kinds of once-adult decisions, including where to go for dinner, what kind of car to buy, even what to wear,”. Therefore, the retailers are adapting to this by enhancing their kids’ sections. If the children want to shop in the store for their clothes, then there’s a greater chance the parent will also see something they want to buy as well. Identify the type of plan being described in the above lines.
✅ Correct Answer: (C)
Strategy
Q. According to a survey of 250 consumer packaged goods (CPG) companies by a reputed firm, 75% of brand owners say they’re going to spend significantly more on packaging as it is critical to their brand’s success.
Identify the type of plan being described in the above lines.
Identify the type of plan being described in the above lines.
✅ Correct Answer: (C)
Strategy
Q. According to the World Health Organization, 39% of adults are overweight. Consequently in the U.K., a sugar tax was introduced in 2018 on beverages containing more than 5% sugar to curb sugar intake. Identify the type of plan being described in the above lines.
✅ Correct Answer: (C)
Strategy
Q. According to the Economic Survey, insights from behavioural economics can be strategically utilised to create an aspirational agenda for social change – from BBBP (Beti Bachao Beti Padhao) to BADLAVL (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi); from Swachh Bharat to Sundar Bharat; from ‘Give It Up’ for the LPG subsidy to ‘Think about the Subsidy’ and from tax evasion to tax compliance. Identify the type of plan being described in the above lines.
✅ Correct Answer: (A)
Programme
Q. Shubham wants to increase the sale of his business by 15% in the next quarter. Identify the type of plan being described in the above lines.
✅ Correct Answer: (B)
Objective
Q. Packaging is said to have the unique capacity to make products stand out in a crowded marketplace. Therefore, convenience of the consumer is at the top of mind of the marketers as they are focussing on developing packaging that’s easier to open, to protect against breakage, maintain freshness during delivery and keep a consistent look and feel across multiple channels. Identify the type of plan being described in the above lines.
✅ Correct Answer: (C)
Strategy
Q. Based on National Common Mobility Card standards, India’s first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines.
✅ Correct Answer: (A)
Strategy
Q. India is world’s third largest domestic aviation market. The government plans to make India a hub for financing aircraft purchases and leasing of planes. In order to promote this, the government has announced tax incentives, like tax deductions, for companies setting up business in IFSC for fifteen years. Identify the type of plan being described in the above lines.
✅ Correct Answer: (B)
Strategy
Q. The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines.
✅ Correct Answer: (B)
Strategy
Q. In order to encourage technologies like artificial intelligence (AI), the internet of things (iot) and virtual reality (VR), the government is planning to launch a scheme to invite foreign companies through a transparent bidding process, to set up plants for manufacturing semi-conductors, solar photo voltaic cells, lithium cell batteries, solar electric charging vehicles, computer servers, and laptops in India.
Identify the type of plan being described in the above lines.
Identify the type of plan being described in the above lines.
✅ Correct Answer: (B)
Strategy
Q. Ketan Enterprises adopts different ways to provide training to employees, like Job . Rotation, Coaching, Vestibule Training, Conference, Lecture Method and Role Playing. Identify the type of plan being described in the above lines.
✅ Correct Answer: (A)
Method
Q. Swatch Ltd. plans to earn a 20% return on its investment in a new project. Identify the type of plan being described in the above lines.
✅ Correct Answer: (D)
Objective
Q. Deepak is striving to earn a profit of 30% in the current financial year. Identify the type of plan being described in the above lines.
✅ Correct Answer: (C)
Objective
Q. Name the type of budget which is prepared to determine the net cash position.
✅ Correct Answer: (D)
Cash budget
Q. In 2019 alone, Swiggy has launched operations in 300 towns and cities. Swiggy follows a two-step sequence while expanding to a small town. First, it provides more laborious training to restaurants and delivery partners compared to their counterparts in the city. Second, it focuses on building scale in operations and increase the restaurant’s reach to a larger base of consumers, including optimizing kitchens, resource planning among others. Identify the type of plan being described in the above lines.
✅ Correct Answer: (B)
Strategy
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