Common University Entrance Test (UG)
Question : Which staffing process is known as negative process as it involves rejection of some candidates?
Option 1: Recruitment
Option 2: Selection
Option 3: Placement and orientation
Option 4: Training and development
Correct Answer: Selection
Solution : Selection involves chosing the best person out of the pool of prospective candidates developed through recruitment. Selection is known as negative process as it is involves rejection of some candidates.
Hence, option B is correct.
Question : Case Study: XYZ Ltd. - Raising Finance for Expansion
XYZ Ltd. is a growing company that manufactures electronic gadgets. The company has been successful in the market and is planning to expand its operations. To finance this expansion, XYZ Ltd. is considering various sources of business finance.
Questions : Meaning and Need for Business Finance
What is the meaning of business finance?
Option 1: Managing human resources in a business
Option 2: Acquiring funds for business operations and expansion
Option 3: Developing marketing strategies for business growth
Option 4: Implementing technology solutions in a business
Correct Answer: Acquiring funds for business operations and expansion
Solution : The correct answer is (b) Acquiring funds for business operations and expansion
Business finance involves acquiring the necessary funds and managing financial resources to support a company's day-to-day operations, projects, and future growth. It encompasses activities related to budgeting, financial forecasting, investment decisions, obtaining loans or equity, managing working capital, and overall financial planning to ensure the efficient use of financial resources for achieving the company's objectives.
Question : Case Study 18: Impact on Local Economy
A group of entrepreneurs established a tourist resort in a remote village. Their venture not only provided job opportunities to the local community but also attracted tourists, boosting the local economy. Question:
How does the tourist resort impact the local economy?
Option 1: By reducing tourist inflow to the region
Option 2: By increasing pollution in the area
Option 3: By attracting tourists and providing job opportunities
Option 4: By promoting traditional and outdated practices
Correct Answer: By attracting tourists and providing job opportunities
Solution : The correct answer is (c) By attracting tourists and providing job opportunities
The establishment of a tourist resort in a remote village can positively impact the local economy by attracting tourists and providing job opportunities to the local community. This contributes to economic development, as tourism-related activities generate income for businesses, create employment opportunities, and stimulate the overall economy of the region.
Question : Which of the following is not a type of term loan?
Option 1: Short-term loan
Option 2: Medium-term loan
Option 3: Long-term loan
Option 4: None of the above
Correct Answer: None of the above
Solution : The correct answer is (d). None of the above
All options mentioned (short-term loan, medium-term loan, and long-term loan) are types of term loans. Term loans are loans provided by financial institutions or lenders for a specific term or period. The term can vary based on the loan's purpose and the agreement between the borrower and the lender. Short-term loans typically have a term of one year or less, medium-term loans have a term between one to five years, and long-term loans have a term exceeding five years. Therefore, the correct answer is option d). None of the above.
Question : The struggle for women's equality in India has been influenced by:
Option 1: Globalization
Option 2: Feminist movements
Option 3: Technological innovations
Option 4: Economic policies
Correct Answer: Feminist movements
Solution : Correct Option: Option 2 Explanation: The struggle for women's equality in India has been significantly influenced by feminist movements, which have advocated for gender equality and women's rights.
Question : Tribal movements in India often emphasize:
Option 1: The promotion of ecotourism
Option 2: The development of smart cities
Option 3: The protection of traditional lands and rights
Option 4: The adoption of modern agricultural techniques
Correct Answer: The protection of traditional lands and rights
Solution : Tribal movements in India often emphasize the protection of traditional lands and rights, advocating for the preservation of their cultural heritage, autonomy, and access to natural resources.
Question : Statement 1: External sources of recruitment are limited to job portals.
Statement 2: External sources of recruitment include employee referrals, advertisements, and consultants.
Option 1: Both statements are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
Correct Answer: Statement 2 is true, but statement 1 is false.
Solution : The correct answer is (c) Statement 2 is true, but statement 1 is false.
Statement 1 is false. External sources of recruitment are not limited to job portals. They include a variety of methods such as employee referrals, advertisements, recruitment agencies, and consultants, among others.
Statement 2 is true. External recruitment methods encompass a wide range of strategies to attract candidates from outside the organization, and the mentioned sources like employee referrals, advertisements, and consultants are commonly used.
Question : The process of preparing a budget that covers multiple years is known as:
Option 1: Long-term budgeting
Option 2: Multi-year budgeting
Option 3: Biennial budgeting
Correct Answer: Multi-year budgeting
Solution : The correct answer is (b) Multi-year budgeting.
Multi-year budgeting is the process of preparing a budget that covers multiple years, typically beyond the traditional annual budgeting cycle. This approach allows governments and organizations to plan and allocate resources for a longer period, often spanning three to five years or more. Multi-year budgeting helps improve long-term planning, provides stability and predictability, and allows for better assessment of the financial implications of policies and projects over an extended period.
Question : What items are not included in the Equity Shareholder's Fund?
Option 1: Equity Share Capital
Option 2: Profits, Reserves
Option 3: Money received against share warrants
Option 4: Accumulated losses
Correct Answer: Money received against share warrants
Solution : Answer = Money received against share warrants
The Equity Shareholder's Fund typically includes equity share capital, profits, reserves, and accumulated losses. Money received against share warrants is not usually included in the Equity Shareholder's Fund because it represents funds received by the company for potential future issuance of shares rather than actual equity held by shareholders. Hence, the correct option is 3.
Question : Which of the following is used for radio broadcasting?
Option 1: Satellites
Option 2: Optical fibers
Option 3: Radio waves
Option 4: Microwave towers
Correct Answer: Radio waves
Solution : Radio waves are used for radio broadcasting.
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