STORES MANAGER / MANAGER GR.II / MARKETING EXECUTIVE

Question 1

Principle of ‘Parity of Authority and Responsibility’ is related to

A

Delegation

B

Decentralization

C

Divisionalization

D

Autonomy

Question 2

Which one of the following is not a form of organization ?

A

Line organization

B

Staff organization

C

Functional organization

D

Committee form of organization

Question 3

Which is not coming under the management function ?

A

Planning

B

Organising

C

Controlling

D

Co-operation

Question 4

In Line and Staff organization, the authority lies in

A

Line

B

Staff

C

Both Line and Staff

D

None of the above

Question 5

Repeated use plans or standing plans include

A

Objectives and policies

B

Procedures and methods

C

Rules

D

All of the above

Question 6

The effective principles of direction does not include

A

Harmony of objectives

B

Effective leadership

C

Effective motivation

D

Personality

Question 7

A concept about to achieve the pre-determined goal is called

A

Control

B

Evaluation

C

Planning

D

Direction

Question 8

Which of the following is not technique of control ?

A

Budget

B

Disciplinary action

C

Policy

D

Praise

Question 9

The element which is not the part of direction is

A

Supervision

B

Leadership

C

Motivation

D

Division of work

Question 10

Planning function is mainly performed at

A

Top management level

B

Middle management level

C

Lower management level

D

None of the above

Question 11

‘Grapevine’ communication is a type of

A

Vertical communication

B

Written communication

C

Informal communication

D

Formal communication

Question 12

Which of the following is not a component of communication process ?

A

Message

B

Communication channel

C

Feedback

D

None of these

Question 13

Which one of the following is included in verbal communication ?

A

Proxemics

B

Kinesics

C

Para language

D

Diagram

Question 14

Which of the following is/are the keys to effective supervisory communication ? 1. Expressive speakers 2. Empathetic listeners 3. Persuasive leaders 4. Informative managers

A

1, 2, 3 and 4

B

1, 3 and 4

C

1, 2 and 4

D

Only 4

Question 15

Which of the following statements are true ? 1. Communication is effective when people perceive the things objectively. 2. Communication makes a demand on the recipient to do something or to believe something. 3. Communication in modern organization have become important because of several reasons. 4. Communication is related with emotions and experience of the people while information is rational and non-emotional.

A

1, 2 and 3

B

2 and 3

C

1, 2, 3 and 4

D

3 and 4

Question 16

Financial statements are

A

Estimates of facts

B

Anticipated facts

C

Recorded facts

D

None of these

Question 17

Retained earnings statement depicts

A

Appropriation of profits

B

Estimates of profits

C

Estimates of costs

D

All of these

Question 18

Which of the following statement is/are correct ? 1. Financial statements are only interim reports. 2. The impact of non-monetary facts can be recorded in financial statements. 3. Certain assumptions are necessary to prepare financial statements. 4. Financial statements are prepared on the basis of realizable values.

A

1 and 2

B

1 and 3

C

1, 2, 3 and 4

D

Only 1

Question 19

Balance Sheet as on a particular date is prepared to find out

A

Net profit

B

Gross profit

C

Financial position

D

Capital

Question 20

Interest on investments is considered as

A

Income

B

Expense

C

Asset

D

Capital

Question 21

Which of the following ratio is the indicator of long term solvency of the firm ?

A

Acid test ratio

B

Debt – equity ratio

C

Time interest earned ratio

D

None of these

Question 22

Which one of the following ratio is used to analyse the capital structure of the firm ?

A

Capital gearing ratio

B

Current ratio

C

Gross profit ratio

D

Acid test ratio

Question 23

Given that, Sales – 1,00,000 Variable cost – 40,000 Fixed cost – 20,000 Capital – 4,00,000 The P/V ratio will be

A

20%

B

30%

C

60%

D

10%

Question 24

Rule of thumb for a current ratio is

A

2 : 1

B

1 : 1

C

1 : 3

D

2 : 3

Question 25

In the debt – equity ratio, equity refers to

A

Only equity capital

B

Only preference share capital

C

Only reserves

D

Preference share capital, equity capital plus all reserves

Question 26

The process designed to transform a set of input elements into a set of output elements is known as

A

Transformation process

B

Production

C

Exchange

D

Technology change

Question 27

The desired objective of production and operations management is

A

Use cheap machinery for production

B

To train unskilled workers to manufacture goods perfectly

C

Optimal utilization of available resources

D

To earn good profits

Question 28

A Japanese concept of continuous improvement in all things is

A

Kanban

B

Toyota

C

JIT

D

Kaizen

Question 29

A Japanese technique of batch production in which emphasis is on the reduction of production lead time and WIP by specifying shorter production runs for any single product is known as

A

JIT

B

FMS

C

Kanban

D

Kaizen

Question 30

___________ is a process that follows capacity planning.

A

Aggregate planning

B

Master production scheduling

C

Job shop scheduling

D

None of the above

Question 31

Which of the following is for environment management ?

A

ISO 9000

B

ISO 19000

C

ISO 24000

D

ISO 14000

Question 32

According to Kaizen philosophy, which of the following does not belong to the team dynamics ?

A

Problem solving

B

Communication skills

C

Conflict resolution

D

Creating conflicts

Question 33

Which of the following represents India in ISO ?

A

PFRDA

B

FSSAI

C

BIS

D

BCCI

Question 34

Benchmarking is used by organizations as a _________ tool.

A

Intermittent improvement

B

Discontinuous improvement

C

Continuous improvement

D

Sporadic improvement

Question 35

Which of the following best describes how short term schedules are prepared ?

A

Directly from the aggregate plans

B

Directly from the capacity plans

C

From inventory records for items that have been used up

D

From master schedules which are derived from aggregate plans

Question 36

VMI stands for

A

Vendor Material Inventory

B

Vendor Managed Inventory

C

Variable Material Inventory

D

Valuable Material Inventory

Question 37

3-PL stands for

A

Three Points Logistics

B

Third Party Logistics

C

Three Points Location

D

None of the above

Question 38

Just in Time manufacturing philosophy emphasizes on

A

Manpower

B

Manufacturing

C

Profit

D

Inventory

Question 39

BOM structure is used in

A

Line balancing

B

MRP

C

Staffing

D

None of the above

Question 40

LUC method for MRP stands for __________ method.

A

Limited Ultimate Cost

B

Linear Uniform Curve

C

Linear Ultimate Cost

D

Least Unit Cost

Question 41

MRP II is

A

Material Requirement Planning

B

Manufacturing Resource Planning

C

Maintenance Repair Planning

D

Material Return Planning

Question 42

ERP stands for

A

Early Requirement Planning

B

Enterprise Resource Planning

C

Enterprise Repair Planning

D

Efficient Resource Planning

Question 43

ABC analysis is an important ___________ of inventory control.

A

Process

B

Method

C

Stage

D

Technique

Question 44

Which of the following is not an approach for make or buy decision ?

A

Simple cost analysis

B

Economic analysis

C

Break even analysis

D

NPV analysis

Question 45

If a part has an importance for the firm and requires extremely strict quality control, then the firm should go in for __________ the part.

A

Making

B

Buying

C

Hiring

D

None of the above

Question 46

__________ is an estimate of an event which will happen in future

A

Demand

B

Forecast

C

Rainfall

D

None of the above

Question 47

____________ gives the expected level of requirement for goods or services

A

Economic forecast

B

Demand forecast

C

Technology forecast

D

None of the above

Question 48

_____________ method of forecasting is used for subjective nature of demand values.

A

Semi-average

B

Delphi

C

Gamma

D

Beta

Question 49

Which of the following is not a quantitative forecasting technique ?

A

Delphi method

B

Simple regression

C

Semi-average method

D

Multiple regression

Question 50

Which of the following factor affecting forecast ?

A

Business Cycle

B

Customer’s Plan

C

Product’s Life Cycle

D

All of the above

Question 51

__________ is the task of buying goods of the right quality, in the right quantities, at the right time and at the right price.

A

Supplying

B

Purchasing

C

Pricing

D

Scrutinizing

Question 52

___________ is the first step of purchasing cycle

A

Purchase order preparation

B

Recognition of need

C

Description of need

D

Checking the invoice

Question 53

A ____________ describes the needed items and becomes the basis for action by the purchase department.

A

Purchase requisition

B

Purchase order

C

Bill of material

D

Invoice

Question 54

A ____________ is a list of all items to be incorporated into a finished product that the company produces.

A

Material list

B

Bill of materials

C

Purchase requisition

D

Invoice

Question 55

_____________ is a forecast of quantity and value of materials required to purchase during the budget period

A

Purchase requisition

B

Purchase order

C

Purchase budget

D

None of these

Question 56

One of the objective of __________ is to avoid under and over stocking of material.

A

Scientific purchasing

B

Purchasing

C

Sales control

D

Purchase control

Question 57

Which of the following factor considered for source selection in purchasing department ?

A

Reliability

B

Buying convenience

C

Reciprocal relation

D

All of the above

Question 58

In ___________ buying, the purchase decision for a period (say 1 year) will be taken in advance.

A

Forward

B

Tender

C

Blanket

D

Zero stock

Question 59

_____________ is the systematic control over the procurement of materials

A

Material control

B

Sales control

C

Purchase control

D

Purchase order

Question 60

__________ cost decreases when the order size is increased.

A

Carrying

B

Ordering

C

Both (A) and (B)

D

None of the above

Question 61

____________ is a document/receipt used by a shipping company or its agent acknowledging the receipt of goods mentioned in the bill for shipment on board of the vessel.

A

Bill of Lading

B

Bill of Loading

C

Bill of Material

D

Bill of Shipping

Question 62

___________ Form is an exchange control document required by RBI.

A

GR X

B

GR I

C

GR V

D

GR IV

Question 63

__________ is an instrument to establish evidence of origin of goods which are imported to other countries

A

Certificate of Exchange

B

Certificate of Trade

C

Certificate of Origin

D

Certificate of Transfer

Question 64

A ____________ is the declaration about the goods imported.

A

Bill of Materials

B

Bill of Lading

C

Bill of Loading

D

Bill of Entry

Question 65

IEC number stands for

A

Import Entry Code

B

Importer – Exporter Code

C

Initial Export Code

D

Indian Export Code

Question 66

Letter of Credit is sent by the bank of

A

Importer

B

Exporter

C

Central Government

D

Chamber of Commerce

Question 67

Which of the following is not a National Level Financial Institution, which promote export-import in India ?

A

Export Marketing Fund

B

ECGC

C

EXIM Bank of India

D

IMF

Question 68

_____________ is the central purchasing organization of Government of India.

A

DGS & D

B

DGA

C

DGP

D

DGD

Question 69

___________ policy of a government is the guidelines of International Trade in India.

A

Fiscal Policy

B

Monetary Policy

C

Industrial Policy

D

EXIM Policy

Question 70

The Government of India notifies the EXIM policy for a period of __________ years

A

5

B

7

C

10

D

15

Question 71

An agreement which is enforceable at law is

A

Contract

B

Rule

C

Offer

D

Clause

Question 72

An illegal contract is

A

Void

B

Valid

C

Void ab initio

D

Viodable

Question 73

__________ is the delay between the initiation and completion of a process.

A

Lead time

B

Over time

C

Lock time

D

None of the above

Question 74

______________ means the relationship between the price of a country receives for its exported goods and the price it pays for imported goods.

A

Balance of Trade

B

Terms of Trade

C

Balance of Payment

D

None of the above

Question 75

Which of the following is the financial products offered by EXIM Bank of India ?

A

Buyer’s Credit

B

Corporate Banking

C

Lines of Credit

D

All of the above

Question 76

EOQ stands for

A

Economic Ordering Quantity

B

Economic Outcome Quantity

C

Economic Offer Quality

D

Economic Order Quality

Question 77

___________ stock accounts for the variation in demand.

A

Safety

B

Buffer

C

Average stock

D

None of the above

Question 78

Buffer stock accounts for the variation in

A

Demand

B

Lead Time

C

Both (A) and (B)

D

None of the above

Question 79

In ‘P’ system of inventory, order is placed once in

A

Varying period

B

Fixed period

C

Year

D

None of the above

Question 80

In ‘Q’ system of inventory, ___________ is constant.

A

Order size

B

Order period

C

Lead time

D

Value

Question 81

____________ is a document showing the quantitative details of materials kept in the bin.

A

Bin card

B

Bin receipt

C

Bin invoice

D

Bin ledger

Question 82

Bin card is maintained by

A

Purchase manager

B

Sales manager

C

Store keeper

D

Marketing manager

Question 83

Stores ledger is maintained by

A

Store keeper

B

Cost clerk

C

Purchase manager

D

Accountant

Question 84

_______________ means that, goods of a particular product group are kept in a given area.

A

Zoned location

B

Random location

C

Special location

D

Rural location

Question 85

Which of the following factors considered, while planning for the stores layout ?

A

Efficient utilization of floor space and height

B

Protecting against waste, deterioration, damage and pilferage

C

Include safety as a part of the facility plan

D

All of these

Question 86

Which of the following is not a basic way of locating stock ?

A

Fixed location

B

Random location

C

Zoned location

D

Urban location

Question 87

In ___________ store layout, stock may be kept on one side of the aisle.

A

Tree type

B

Comb type

C

Round type

D

Square type

Question 88

___________ is a written statement of policies and procedures about store keeping.

A

Stores manual

B

Stores ledger

C

Store plan

D

Store policy

Question 89

Which one of the following is not a system in stores ?

A

Receipt system

B

Stocking system

C

Issue system

D

Sales system

Question 90

PGI stands for

A

Promotion Goodwill Interest

B

Provisional Goods Inward Notes

C

Provisional Goods Index

D

Promotion Goods Index

Question 91

In __________ stores, materials are received by and issued from one stores department.

A

Decentralized store

B

Centralized store

C

Department store

D

Sub store

Question 92

In _____________ inventory system, stock taking is held throughout the year.

A

Periodic

B

Perpetual

C

Anticipatory

D

None of the above

Question 93

Which of the following is codification method ?

A

Alphabetical method

B

Numerical method

C

Alphabetical cum numerical method

D

None of these

Question 94

A material loss during production or storage due to evaporation or shrinkage is called

A

Scrap

B

Waste

C

Spoilage

D

Material loss

Question 95

____________ is the incidental residue from certain types of manufacture usually of small amount and low value recoverable without further processing.

A

Scrap

B

Material loss

C

Waste

D

Spoilage

Question 96

In ___________ method of stock accounting, the old stock is depleted first.

A

FIFO

B

LIFO

C

Average cost

D

Market price

Question 97

LIFO stands for

A

Least In Fast Out

B

Last In First Out

C

Least In First Out

D

Last In Fast Out

Question 98

____________ analysis is aimed to evaluate the fluctuations in demand or consumption of the items in stores.

A

ABC

B

XYZ

C

FSN

D

SDE

Question 99

Which of the following is not a reason for the accumulation of obsolete, surplus and scrap items ?

A

Change in product design

B

Faulty planning

C

Faulty purchase procedure

D

Failure of marketing strategy

Question 100

The distinction between production and operations is best described as

A

Production is automobile manufacturing; operations is everything else

B

Production is heavy manufacturing; operations is light manufacturing

C

Production makes goods; operation delivers services

D

Operations are associated with banks, airlines, insurance companies and restaurants only; production is everything else

071/2021 - STORES MANAGER / MANAGER GR.II / MARKETING EXECUTIVE - HDC / KTDC