Question 1

Which is the function of bank?

Accepted Answer

Banks primarily function to accept deposits from customers and provide loans to individuals and businesses, making both A and B correct.

Question 2

______ is India's central banking institution, which controls the monetary policy of the Indian rupee.

Accepted Answer

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee.

Question 3

Which is the function of RBI?

Accepted Answer

The Reserve Bank of India (RBI) performs multiple functions including issuing currency notes, acting as a banker to the government, and controlling credit in the economy.

Question 4

________ is a science as well as an art.

Accepted Answer

Management is considered both a science and an art. It is a science because it is based on established principles and theories, and it is an art because it requires personal skills, creativity, and intuition to apply those principles effectively in managing organizations.

Question 5

Which is types of Management?

Accepted Answer

All the options listed (Top management, Middle level management, and Lower level management) are types of management within an organization.

Question 6

______ is the ultimate source of authority.

Accepted Answer

Top management is considered the ultimate source of authority in an organization as they are responsible for setting overall goals, strategies, and policies.

Question 7

Which is the skills of management?

Accepted Answer

All of the above are considered essential skills of management. Conceptual skills involve the ability to understand complex situations and develop solutions, human skills relate to interacting effectively with people, and technical skills pertain to expertise in a specific field or area of work. Managers typically need a combination of these skills to be effective in their roles.

Question 8

Which is the principles of management?

Accepted Answer

All of the options listed (Division of work, Authority and responsibility, Unity of Direction) are principles of management as outlined by Henri Fayol, who is known for establishing many of the basic concepts underlying modern management theory.

Question 9

Which is the function of management?

Accepted Answer

Management functions include planning, organizing, staffing, and controlling.

Question 10

_______ is function of management.

Accepted Answer

Staffing is a core function of management that involves hiring and managing the right personnel to ensure the effective operation and growth of an organization.

Question 11

______ is an organized group of people with a particular purpose.

Accepted Answer

An organization is defined as an organized group of people with a particular purpose, such as a business or government department.

Question 12

Which one is the characteristics of organization?

Accepted Answer

All the options listed are characteristics of an organization, as they involve assigning duties, dividing work, and coordinating efforts to achieve common goals.

Question 13

Function of organization is _________.

Accepted Answer

The function of an organization includes specialization, coordination, and efficient functioning, making all the options correct.

Question 14

Which is the types of organization?

Accepted Answer

All the options listed (Line organization, Staff organization, and Committee organization) are types of organizational structures.

Question 15

Power and authority is kept under top management is known as?

Accepted Answer

Centralization refers to the concentration of power and authority at the top levels of an organization, where decisions are made by top management.

Question 16

Which is the characteristics of corporate social responsibility(CSR)

Accepted Answer

Corporate social responsibility (CSR) is a continuous process that involves ongoing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families, the local community, and society at large. It is also a two-way process, involving interaction and engagement with stakeholders, and is concerned with building social prestige and a positive image for the company.

Question 17

Which is the advantages of corporate social responsibility(CSR)

Accepted Answer

Corporate social responsibility (CSR) can lead to satisfied employees who feel they are working for a company that is ethical and cares about its impact on society. It also fosters commitment with stakeholders, including customers, suppliers, and the community, by building trust and demonstrating the company's commitment to more than just profit. Additionally, CSR can lead to cost reductions through efficiencies and savings in operations, such as reduced waste and energy consumption.

Question 18

A Recession is ______

Accepted Answer

A recession is defined as a period during which aggregate output, measured by GDP, declines. This is typically characterized by a fall in economic activity and can lead to increases in unemployment and decreases in consumer spending and business investment.

Question 19

Macroeconomics Is The Branch Of Economics That Deals With

Accepted Answer

Macroeconomics focuses on the behavior and performance of an economy as a whole, including issues like inflation, unemployment, and economic growth, rather than individual markets or sectors.

Question 20

The Practice Of Using Fiscal And Monetary Policy To Stabilize The Economy Is Known as

Accepted Answer

Fine tuning of demand refers to the practice of using fiscal and monetary policy to stabilize the economy by adjusting the level of demand through government spending and taxation policies (fiscal policy) and the control of money supply and interest rates (monetary policy).

Quiz 4: Management, Organization, Economics, and Banking