Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.
Cricket is not just considered a sport in India; it’s a passion, an emotion, and often 1) _________________ into a religion! But just like any other activity, the larger the scale, the greater is its ecological 2) _________________.
3) _________________ suggest that amount of water needed to maintain a cricket pitch – at roughly 20,000 litres per day – can serve the daily drinking water needs of around 2,600 people. So, this is one of the reason that the board that controls cricket in India and its most-popular league are looking at ways to 4) _________________ some environmental impacts related with the country’s most loved sport.
One of the step taken in order to contribute for the same happened on May 9, 2022, when Rajasthan Royals joined hands with the energy management and automation firm Schneider Electric to host the first carbon-5) _________________ cricket match against Delhi Capitals on May 11.
Choose the correct word to be used in blank 4.
Option 1: jeopardize
Option 2: publicize
Option 3: reverse
Option 4: generate
Correct Answer: reverse
Solution : The correct answer is reverse.
So, this is one of the reason that the board that controls cricket in India and its most-popular league are looking at ways to reverse some environmental impacts related with the country’s most loved sport.
Explanation:
Reverse is the only word that can be used in the blank to make the sentence coherent.
It signifies going backward.
Meaning of the rest of the words
Jeopardize -Put (something or someone) in danger by placing them in a situation where there is a chance of harm, loss, or failure.
Publicize means to spread awareness of something.
Generate- to create
Question : Case Study:
XYZ Logistics uses standardization and simplification of work to streamline its operations. Which technique of scientific management is being applied here?
Option 1: Time Study
Option 2: Fatigue Study
Option 3: Method Study
Option 4: Standardization and Simplification of Work
Correct Answer: Standardization and Simplification of Work
Solution : The correct answer is (d) Standardization and Simplification of Work
Standardization and Simplification of Work involves setting standardized procedures and simplifying work processes to make them more efficient and less prone to errors. In this scenario, XYZ Logistics is emphasizing standardization and simplification to streamline operations.
In summary, XYZ Logistics using standardization and simplification of work to streamline operations aligns with the technique of "Standardization and Simplification of Work," which involves setting standardized procedures and simplifying work processes to enhance efficiency and productivity.
Question : Case Study:
XYZ Logistics uses standardization and simplification of work to streamline its operations. Which technique of scientific management is being applied here?
Option 1: Time Study
Option 2: Fatigue Study
Option 3: Method Study
Option 4: Standardization and Simplification of Work
Correct Answer: Standardization and Simplification of Work
Solution : The correct answer is (d) Standardization and Simplification of Work
Standardization and simplification of work are key principles of scientific management. Standardization involves establishing uniform processes, procedures, and performance expectations to ensure consistency and efficiency. Simplification involves reducing unnecessary complexity in work tasks, making processes more straightforward and manageable. These practices contribute to optimizing operations and enhancing overall efficiency within the organization.
Question : Which of the following institutions is responsible for regulating and supervising the functioning of asset management companies in India?
Option 1: Securities and Exchange Board of India (SEBI)
Option 2: Reserve Bank of India (RBI)
Option 3: National Stock Exchange of India (NSE)
Option 4: None of the above
Correct Answer: Securities and Exchange Board of India (SEBI)
Solution : The correct answer is (a) Securities and Exchange Board of India (SEBI).
SEBI is the primary regulator for all funds and asset management or advisory activities in India, in accordance with the SEBI Act, 1992 (SEBI Act). SEBI is responsible for regulating the functioning of asset management companies in India, including the following:
Licensing and registration of asset management companies
Setting and enforcing standards for asset management companies
Monitoring the activities of asset management companies
Ensuring the protection of investors' interests
The Reserve Bank of India (RBI) is responsible for regulating the banking sector in India. However, RBI does not have any specific regulatory role in the asset management sector.
Question : Case Study: ABC Pharmaceuticals advocates for unity and a sense of camaraderie among its employees. This commitment aligns with which principle of management?
Option 1: Initiative
Option 2: Discipline
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Esprit de corps
Solution : The correct answer is (c) Esprit de corps
Esprit de corps is a management principle that focuses on fostering team spirit, unity, and a sense of camaraderie among employees. It emphasizes creating a positive work environment where employees feel a sense of togetherness and are motivated to work towards common organizational goals.
In summary, ABC Pharmaceuticals advocating for unity and a sense of camaraderie among its employees aligns with the principle of "esprit de corps," as it emphasizes promoting team spirit, unity, and a positive work environment within the organization.
Question : Statement 1: The Foreign Exchange Regulation Act (FERA) was enacted to regulate foreign trade in India.
Statement 2: FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1991.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true. The Foreign Exchange Regulation Act (FERA) was enacted in India in 1973 to regulate foreign exchange transactions, control capital flows, and manage foreign trade. It aimed to ensure the proper utilization of foreign exchange resources and prevent illegal transactions.
Statement 2 is also true. FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1999. The introduction of FEMA brought significant changes to the regulatory framework governing foreign exchange transactions in India. It aimed to liberalize and simplify foreign exchange regulations, aligning them with the changing economic policies and facilitating foreign investments.
Therefore, both statements are true. FERA was enacted to regulate foreign trade, and it was later replaced by FEMA in 1991.
Question : Assertion: Scientific management principles aim to increase efficiency through job specialization.
Reason: It allows employees to focus on specific tasks, leading to expertise.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion that scientific management principles aim to increase efficiency through job specialization is correct. Scientific management emphasizes breaking down work into specialized tasks to improve efficiency and productivity by allowing employees to focus on specific tasks.
The reason provided, stating that it allows employees to focus on specific tasks, leading to expertise, is also correct. Job specialization in scientific management does indeed enable employees to concentrate and become experts in their specific tasks, which enhances efficiency and productivity.
Question : The Foreign Exchange Regulation Act was replaced by the ______ in India.
Option 1: Foreign Exchange Currency Act
Option 2: Foreign Exchange Finances Act
Option 3: Foreign Exchange Funds Act
Option 4: Foreign Exchange Management Act
Correct Answer: Foreign Exchange Management Act
Solution : The correct answer is the Foreign Exchange Management Act.
The Foreign Exchange Regulation Act (FERA) in India was replaced by the Foreign Exchange Management Act (FEMA). FEMA came into effect on June 1, 2000, and it marked a shift from the stringent regulations of FERA to a more liberalised and market-oriented approach to managing foreign exchange in the country. FEMA focuses on facilitating external trade and payments rather than regulating and controlling foreign exchange transactions.
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
The management function of planning in ABC Retailers involves:
Option 1: Allocating resources to different departments
Option 2: Guiding and motivating employees
Option 3: Setting organizational goals and strategies
Option 4: Monitoring employee performance
Correct Answer: Setting organizational goals and strategies
Solution : The correct answer is (c) Setting organizational goals and strategies
Planning in management involves defining the organization's goals and objectives, and determining the strategies and actions necessary to achieve them. In the context of a retail business like ABC Retailers, this would include setting goals related to providing a wide range of trendy clothing options and achieving specific financial and operational objectives, and then creating strategies to realize those goals.
Question : Case Study 34
ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.
Question :
What is the full form of SEBI?
Option 1: Securities and Exchange Board of India
Option 2: Stock Exchange and Banking Institution
Option 3: Securities and Equity Brokerage Institute
Option 4: Stock Exchange and Business Investment
Correct Answer: Securities and Exchange Board of India
Solution : The correct answer is (a) Securities and Exchange Board of India
The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests of investors and promoting the development and regulation of the securities market.