Question : Due to COVID-19, government of India allocated INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa and Bihar. Which objective of Government Budget is highlighted in the case above?
Option 1: Reallocation of resources
Option 2: Balanced regional development
Option 3: Management of public enterprises
Option 4: Economic stability
Correct Answer: Balanced regional development
Solution : The correct answer is (b) Balanced regional development.
In the given case, the allocation of INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa, and Bihar indicates the objective of balanced regional development in the government budget.
Balanced regional development aims to promote equitable development across different regions or states within a country. It involves allocating resources and investments to address regional disparities and ensure that all regions have access to necessary infrastructure, services, and opportunities for development.
By allocating funds specifically for the construction of health infrastructure in these states, the government is addressing the healthcare needs of these regions and promoting balanced development across different parts of the country.
Answer laterQuestion : Case Study 17:
XYZ Corporation is a large conglomerate with diverse business interests. The management team at XYZ wants to implement control systems to improve financial performance and profitability.
Question:
What would be the last step in the process of controlling XYZ Corporation?
Option 1: Setting financial targets.
Option 2: Measuring financial performance.
Option 3: Comparing financial results with targets.
Option 4: Taking corrective financial action.
Correct Answer: Taking corrective financial action.
Solution : The correct answer is (d) Taking corrective financial action.
In the process of control, the last step typically involves taking corrective action. Once financial performance is measured and compared with targets if any discrepancies or issues are identified, the organization must take corrective financial action to address these problems and bring performance in line with the established targets or standards. This step is essential to ensure that the organization's financial goals and objectives are met.
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 nature of management in ABC Retailers is influenced by:
Option 1: Internal factors only
Option 2: External factors only
Option 3: Both internal and external factors
Option 4: -
Correct Answer: Both internal and external factors
Solution : The correct answer is (c) Both internal and external factors
Management in any organization, including ABC Retailers, is influenced by a combination of both internal and external factors. Internal factors can include the organization's structure, culture, resources, and internal strengths and weaknesses. External factors can encompass the competitive environment, economic conditions, legal and regulatory factors, technological advancements, and changes in the market or industry. Effective management requires consideration of both internal and external factors to make informed decisions and adapt to the changing business environment.
Banaras hindu University, varanasi i have completed pgdab post graduate diploma in agribusiness.. whether am i eligible to join m.sc in Agribusiness management straight in 2nd year
To pursue an LL.M. (Master of Laws) at Banaras Hindu University (BHU), candidates must meet specific eligibility criteria:
Eligibility Criteria for LL.M. at BHU:
Educational Qualification: A candidate must have completed a Three-Year LL.B. Degree Examination or a Five-Year LL.B. Degree Course, recognized by BHU, with a minimum of 50% marks in aggregate.
Admission Process: Admission is based on merit in the Postgraduate Entrance Test (PET) conducted by BHU.
Regarding Your Postgraduate Diploma in Agribusiness:
While a Postgraduate Diploma in Agribusiness is a valuable qualification, it does not fulfill the specific eligibility requirement of holding an LL.B. degree for LL.M. admission at BHU.
Alternative Pathways:
1. Pursue an LL.B. Degree: Enroll in a Three-Year or Five-Year LL.B. program to meet the eligibility criteria for LL.M. admission.
2. Explore Other Institutions: Some universities may offer LL.M. programs with different eligibility requirements. Research institutions that accept candidates with diverse academic backgrounds.
Next Steps:
Research Institutions: Look into universities that offer LL.M. programs with eligibility criteria that align with your qualifications.
Consult Academic Advisors: Seek guidance from academic counselors or professionals in the field to make informed decisions about your educational and career path.
By exploring these avenues, you can identify suitable programs that align with your academic backgr
ound and career aspirations.
Question : Foreign investment is known by which name in India?
Option 1: SME (Small and Medium-sized Enterprises)
Option 2: MDI (Management Development Institute)
Option 3: FDI (Foreign Direct Investment)
Option 4: CII (Confederation of Indian Industry)
Correct Answer: FDI (Foreign Direct Investment)
Solution : The correct answer is FDI (Foreign Direct Investment).
The term "Foreign Direct Investment" (FDI) describes an investment made into another country by a person, business, or government. FDI fosters international trade by giving countries access to other markets, builds strong and durable ties between economies, and can play a significant role in the transfer of knowledge between nations.
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
Question:
What qualities should a supervisor possess at XYZ Electronics?
Option 1: Micromanagement and authoritarian behavior
Option 2: Lack of communication skills
Option 3: Patience and effective communication skills
Option 4: Indifference toward employee concerns
Correct Answer: Patience and effective communication skills
Solution : The correct answer is (c) Patience and effective communication skills.
Patience is crucial for understanding and empathizing with employees, especially in challenging situations. Effective communication skills are essential for conveying expectations, providing feedback, and addressing concerns in a clear and respectful manner.
In summary, a supervisor at XYZ Electronics should possess qualities such as patience and effective communication skills to create a positive work environment, encourage teamwork, and enhance productivity and employee satisfaction.
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.
XYZ Retailers' management team is known for its ability to adapt to changing market trends and consumer preferences. This demonstrates the management principle of:
Option 1: Unity of direction
Option 2: Initiative
Option 3: Flexibility
Option 4: Centralization
Correct Answer: Flexibility
Solution : The correct answer is (c) Flexibility
Flexibility in management principles relates to an organization's capacity to adapt to changing circumstances, market dynamics, and consumer preferences. It involves being open to new ideas, being willing to adjust strategies and approaches, and being agile in response to evolving business conditions. In the case of XYZ Retailers, their ability to adapt to changing market trends and consumer preferences suggests that they are flexible in their operations and decision-making, allowing them to stay competitive and responsive in a dynamic market environment.
Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
The world is undergoing rapid changes in the knowledge landscape. With various dramatic scientific and technological advances, such as the rise of big data, machine learning, and artificial intelligence, many unskilled jobs worldwide may be taken over by machines, while the need for a skilled workforce, particularly involving mathematics, computer science, and data science, in conjunction with multidisciplinary abilities across the sciences, social sciences, and humanities, (1)________ increasingly in greater demand. With climate change, increasing pollution, and depleting natural resources, there will be a sizeable shift in how we (2)_______ the world's energy, water, food, and sanitation needs, again resulting in the need for new skilled labour, particularly in biology, chemistry, physics, agriculture, climate science, and social science. The growing (3)________ of epidemics and pandemics will also (4)_______ collaborative research in infectious disease management and development of vaccines, and the resultant social issues heighten the need for multidisciplinary learning. There will be a growing (5)__________ for humanities and art as India moves towards becoming a developed country as well as among the three largest economies in the world.
Question:
Select the most appropriate option to fill in the blank number 2.
Option 1: had
Option 2: meet
Option 3: have
Option 4: see
Correct Answer: meet
Solution : The second option is the correct choice.
The sentence talks about a shift in how we handle the world's energy, water, food, and sanitation needs. Meet is the most appropriate term to convey the idea of addressing or fulfilling these needs, aligning with the broader theme of managing resources in the context of climate change, pollution, and depleting natural resources.
The meanings of the other options are as follows:
-
Had is the past tense of "have", indicating possession or occurrence in the past.
-
Have indicates possession or occurrence in the present.
-
See means to perceive with the eyes.
Therefore, the correct answer is meet.
Question : Case Study: ABC Educational Institute ABC Educational Institute is a reputed school with a large student population. The management is planning to introduce a new curriculum to meet the changing educational needs.
The type of plan that ABC Educational Institute should develop to implement the new curriculum is:
Option 1: Tactical plan
Option 2: Strategic plan
Option 3: Contingency plan
Option 4: Operational plan
Correct Answer: Operational plan
Solution : The correct answer is (d) Operational plan
An operational plan is a detailed plan that outlines specific activities, tasks, and timelines required to achieve the objectives set out in the strategic plan. In the context of ABC Educational Institute introducing a new curriculum, an operational plan would provide the practical details on how to execute the changes in the day-to-day operations of the school.
