MCQOPTIONS
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MCQOPTIONS
This section includes 2956 Mcqs, each offering curated multiple-choice questions to sharpen your UPSC IAS Exam knowledge and support exam preparation. Choose a topic below to get started.
| 951. |
BSNL stands for |
| A. | British Sanchar Nigam Lt(d) |
| B. | Bidesh Sanchar Nigam Lt(d) |
| C. | Bharat Sanchar Nigam Lt(d) |
| D. | Bhartiya Swadeshi Nigam Lt(d) |
| Answer» E. | |
| 952. |
Which of the following is not an argument for the assumption of social responsibility by business? |
| A. | Long-run profits |
| B. | Stockholder interests |
| C. | Ethical obligations |
| D. | Costs |
| Answer» C. Ethical obligations | |
| 953. |
If GDP exceeds GNP the possible reasons could be |
| A. | Foreigners are earning more in India than Indians are earning in foreign countries |
| B. | High incidence of plant and machinery wear out |
| C. | Indian are earning more in foreign countries than foreigners earnings in India |
| D. | None |
| Answer» B. High incidence of plant and machinery wear out | |
| 954. |
The measurement of sensitivity of quantity demand to change in price is calle(d) |
| A. | Price elasticity |
| B. | Income elasticity |
| C. | Expansion in demand |
| D. | None |
| Answer» B. Income elasticity | |
| 955. |
According to Modern approach, law of demand is caused by |
| A. | Income effect |
| B. | Substitution effect |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 956. |
Which of the following sources of power are among those identified by French and Raven? |
| A. | Reward power |
| B. | Referent power |
| C. | Expert power |
| D. | All the above |
| Answer» E. | |
| 957. |
The terms Micro economic and Macro economics were coined by |
| A. | Professor A Samulson |
| B. | Giffen |
| C. | Prof. Ragner Frisch |
| D. | Eagle |
| Answer» D. Eagle | |
| 958. |
A reduction in the number of producers will result in equilibrium price |
| A. | increasing and quantity increasing |
| B. | increasing and quantity decreasing |
| C. | decreasing and quantity increasing |
| D. | decreasing and quantity decreasing |
| Answer» C. decreasing and quantity increasing | |
| 959. |
A monopoly is characterized by |
| A. | Limited entry and exit opportunity |
| B. | Single supplier |
| C. | Few customers |
| D. | All the three |
| Answer» B. Single supplier | |
| 960. |
If we add……………. to net domestic production we get GDP |
| A. | Depreciation |
| B. | Direct tax |
| C. | Indirect tax |
| D. | Interest payment |
| Answer» B. Direct tax | |
| 961. |
Needs such as training the group, setting standards and maintaining discipline, and appointing subleaders may be called |
| A. | individual functions |
| B. | task functions |
| C. | team functions |
| D. | work functions |
| Answer» D. work functions | |
| 962. |
Which of these is not land in economics |
| A. | Tehri Dam |
| B. | Forest reserves of Assam |
| C. | Fish reserves in the Bay of Bengal |
| D. | Herbal plant of Uttaranchal |
| Answer» B. Forest reserves of Assam | |
| 963. |
Structural unemployment is mainly due to |
| A. | Structural changes in the economy |
| B. | Technological development |
| C. | Growth in GDP |
| D. | Population explosion. |
| Answer» B. Technological development | |
| 964. |
Which type of decision making is carried out by lower level management and deals with specific dayto-day processes? |
| A. | Programmed decision making |
| B. | Operational decision making |
| C. | Administrative decision making |
| D. | Mid-level decision making |
| Answer» C. Administrative decision making | |
| 965. |
Point elasticity concept was propounded by |
| A. | Marshal |
| B. | Lipsey |
| C. | Hicks |
| D. | Samulson |
| Answer» B. Lipsey | |
| 966. |
Which type of separation is most unpleasant for an employee? |
| A. | Termination |
| B. | Mandatory retirement |
| C. | Voluntary retirement |
| D. | Resignation |
| Answer» B. Mandatory retirement | |
| 967. |
A continually evolving network of independent companies, suppliers, customers, even competitors,linked together to share skills, costs, and access to one another‟s markets is called a/an…………………. |
| A. | Virtual organization |
| B. | Boundaryless organization |
| C. | Modular organization |
| D. | Integrated organization |
| Answer» B. Boundaryless organization | |
| 968. |
Seema desires for friendship, love, and a sense of belonging, we can say that she fulfils the_______ |
| A. | Physical need |
| B. | Self Actualization |
| C. | Social need |
| D. | Esteem |
| Answer» D. Esteem | |
| 969. |
The vertical flow of communication from lower level to one or more higher levels is _____________. |
| A. | Upward communication |
| B. | Downward communication |
| C. | Formal Communication |
| D. | Horizontal communication |
| Answer» B. Downward communication | |
| 970. |
Which of the following is characterized by wide spans of control, little formalization, a low degree ofdepartmentalization, and authority centralized in a single person…………… |
| A. | Bureaucracy |
| B. | Simple structure |
| C. | Matrix organization |
| D. | Mechanistic structure |
| Answer» C. Matrix organization | |
| 971. |
SWOT analysis divides organizational strengths into two categories; common strength and__. |
| A. | Strategic imitation |
| B. | Competitive edge |
| C. | Competitive parity |
| D. | Distinctive competencies |
| Answer» E. | |
| 972. |
Explicit cost refers to |
| A. | Actual expenses of the firm to purchase or hire input it needed |
| B. | Actual and notional expenses of the firm to purchase or hire input it needed |
| C. | Notional expenses of the firm to purchase or hire input it needed |
| D. | All the three |
| Answer» B. Actual and notional expenses of the firm to purchase or hire input it needed | |
| 973. |
The …………….. price that a customer is willing to pay for a given quantity is called demand price |
| A. | Maximum |
| B. | Minimum |
| C. | Bargained |
| D. | Floor |
| Answer» B. Minimum | |
| 974. |
Which of the following was not given by Janis as a symptom of groupthink? |
| A. | Pressure to conform |
| B. | An awareness of vulnerability |
| C. | Negative stereotypes of outside opponents |
| D. | An illusion of unanimity |
| Answer» C. Negative stereotypes of outside opponents | |
| 975. |
Which of these measures would not reduce natural rate of unemployment? |
| A. | Creation of more jobs |
| B. | Reducing the age of superannuation |
| C. | Hike in unemployment allowance |
| D. | Employment oriented education system |
| Answer» D. Employment oriented education system | |
| 976. |
1st stage of group development is ____________. |
| A. | Storming |
| B. | Norming |
| C. | Forming |
| D. | Performing |
| Answer» D. Performing | |
| 977. |
Which of these is not a cause of price discrimination |
| A. | Ignorance of consumer |
| B. | Place differentiation |
| C. | Variation in quality |
| D. | Tax differentiation |
| Answer» E. | |
| 978. |
Which of the following is a cause of frictional unemployment? |
| A. | Non-availability of work due to strike and lock-out. |
| B. | Temporary unemployment due to change over in jo(b) |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 979. |
Adam Smith called price mechanism as |
| A. | Invisible hands |
| B. | Consumer sovereignty |
| C. | Consumer liberty |
| D. | Price regulation |
| Answer» B. Consumer sovereignty | |
| 980. |
Total profit of a firm in a perfect competitive market is – |
| A. | Total revenue less total cost |
| B. | Marginal revenue less marginal cost |
| C. | Total revenue less marginal cost |
| D. | Total revenue less variable cost |
| Answer» B. Marginal revenue less marginal cost | |
| 981. |
Which of the following techniques uses variables such as price and promotional expenditures, whichare related to product demand, to predict demand? |
| A. | associative models |
| B. | exponential smoothing |
| C. | weighted moving average |
| D. | time series |
| Answer» B. exponential smoothing | |
| 982. |
The principle of “Division of Labor” was given by: |
| A. | Frederick Taylor |
| B. | Joseph Juran |
| C. | Adam Smith |
| D. | W. Edwards Deming |
| Answer» D. W. Edwards Deming | |
| 983. |
GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is |
| A. | Gross exports minus depreciation |
| B. | Exports minus imports |
| C. | Gross exports earnings minus capital inflow |
| D. | Export minus imports of merchandize |
| Answer» C. Gross exports earnings minus capital inflow | |
| 984. |
In Herbert Simon's theory, a manager who accepts the first satisfactory solution to a problem has made a ______ decision, while a manager who continues to search for the best possible solution is seeking to find a ______ decision |
| A. | Maximising; satisficing |
| B. | Minimising; maximizing |
| C. | Satisficing; maximising |
| D. | Maximising; minimizing |
| Answer» C. Satisficing; maximising | |
| 985. |
According to ---------- the managers and workers should work together as partners and of equalimportance for the organizations success |
| A. | X theory |
| B. | Y theory |
| C. | Z theory |
| D. | 2 Factor theory |
| Answer» D. 2 Factor theory | |
| 986. |
Under perfect market conditions the supply curve of a firm is represented by |
| A. | MC curve |
| B. | MR curve |
| C. | AR curve |
| D. | AC curve |
| Answer» B. MR curve | |
| 987. |
Plant managers come under which of following management levels? |
| A. | First-line managers |
| B. | Non-managerial employees |
| C. | Middle managers |
| D. | Top managers |
| Answer» D. Top managers | |
| 988. |
A common ingredient in organizations that successfully create functional conflict is that they: |
| A. | reward dissent and punish conflict avoiders. |
| B. | shoot the messenger. |
| C. | formally assign devil’s advocates. |
| D. | avoid risky situations. |
| Answer» B. shoot the messenger. | |
| 989. |
The human relations view of conflict argues that conflict is: |
| A. | an inevitable outcome in any group. |
| B. | always a positive force in determining group performance. |
| C. | always a negative force in determining group performance. |
| D. | necessary for effective group performance. |
| Answer» B. always a positive force in determining group performance. | |
| 990. |
Which of the following statement is true about average cost function |
| A. | ATC= AFC-AVC |
| B. | AVC = AFC + ATC |
| C. | AFC = ATC+AVC |
| D. | ATC = AFC + AVC |
| Answer» E. | |
| 991. |
Which of the following describe(s) a global marketplace? |
| A. | The entire world is a marketplace |
| B. | National borders are irrelevant |
| C. | The potential for organizations to grow expands dramatically |
| D. | All of the given options |
| Answer» B. National borders are irrelevant | |
| 992. |
If a firm is operating at any point inside the PPF, the firm is |
| A. | Efficient firm |
| B. | Inefficient firm |
| C. | Poised for abnormal growth |
| D. | None |
| Answer» C. Poised for abnormal growth | |
| 993. |
Which of the following is not useful in building trust? |
| A. | demonstrate that you’re working for others’ interests as well as your own |
| B. | demonstrate competence |
| C. | Maintain confidences. |
| D. | Keep your feelings to yourself. |
| Answer» E. | |
| 994. |
Capital in economics means |
| A. | Factor of production |
| B. | Fund brought in by the entrepreneur |
| C. | Investment in shares, bank deposits |
| D. | All the above |
| Answer» B. Fund brought in by the entrepreneur | |
| 995. |
Virtual teams are characterized by: |
| A. | Employees who are given the authority to implement any of their suggested actions |
| B. | Individuals from different work areas who come together to accomplish a task. |
| C. | Groups of employees who take on the added responsibilities of their former managers |
| D. | Use of computer technology to communicate with individuals at different worksites. |
| Answer» E. | |
| 996. |
GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. |
| A. | Direct taxes |
| B. | Indirect taxes |
| C. | Income tax |
| D. | Tax on rents |
| Answer» C. Income tax | |
| 997. |
If the price of vegetable sandwich rises from `6 per piece to `12 per piece as a result of which the daily sales decreases from 800 to 400 pieces per day. The price elasticity of demand can be estimated as |
| A. | 0.5 |
| B. | 1.5 |
| C. | 3.0 |
| D. | 2.5 |
| Answer» B. 1.5 | |
| 998. |
You are a member of a work team whose goal is to improve the efficiency of the production process.Your team is best described as: |
| A. | Production-oriented. |
| B. | Goal-oriented. |
| C. | Problem-solving. |
| D. | Self-managed. |
| Answer» D. Self-managed. | |
| 999. |
Work groups of employees and supervisors that meet regularly to discuss their quality problems andrecommend solutions is a form of participative management called: |
| A. | Goal-oriented teams. |
| B. | Quality circles. |
| C. | Department teams. |
| D. | cooperative groups |
| Answer» C. Department teams. | |
| 1000. |
If two goods are perfect substitutes for one another, the elasticity of substitution will be |
| A. | Infinite |
| B. | Zero |
| C. | > 1 |
| D. | < 0 |
| Answer» B. Zero | |