Q. Standing orders are applicable to
✅ Correct Answer: (B)
Statutory
Business Management MCQs and Notes
Q. Which is not the pair of compliment goods?
✅ Correct Answer: (D)
Mustard oil and coconut oil
Q. Which of the following is not classified as consumer goods?
✅ Correct Answer: (D)
Machines
Q. The approximate annual rate of growth of population in India is
✅ Correct Answer: (A)
1 to 2.5 percent
Q. The overall purpose of training, development is to
✅ Correct Answer: (A)
Increase organizational effectiveness
Q. Sellers reserve price means
✅ Correct Answer: (A)
The seller refuses to sell the product till the minimum price (covering the cost of production) is offered
Q. Stock of raw materials held by a firm is known as its
✅ Correct Answer: (C)
circulating capital
Q. Under the Apprenticeship Act
✅ Correct Answer: (D)
Only industries employing more than 500 workers have to recruit apprentices
Q. Which of the following will not happen if trade union forces up the wage bill?
✅ Correct Answer: (B)
More men will be employed because the higher wages attract them
Q. The input-output analysis is often called as
✅ Correct Answer: (A)
Cost benefit analysis