QUESTION BANK FOR S.Y.J.

C APPLICATION BASED TEST (ABT)

SUBJECT: ORGANISATION OF COMMERCE & MANAGEMENT

Q.1. Correct the underlined word and rewrite the following sentences:
1) Social responsibility is narrower term than legal responsibility of business. –
Ans. broader
2) Staffing is concerned with machines. – Ans. Humans
3) The loan taken under Stand-up India scheme is repayable in ten years. - Ans.7
years
4) In duopoly there is single seller. – Ans. Monopoly
5) Services are tangible in nature. – Ans. Intangible
6) KPO includes less knowledge based and specialized work. – Ans. More
7) District Commission is also referred as People's Court. – Ans. Lok Adalat
8) Esprit de corps means ‘division is strength’. – Ans. Union/Unity

Q.2. Complete the sentences:

1) Controlling is the last function of management.
2) Cold Storage warehouses provide facilities for perishable commodities.
3) An entrepreneur is a person who starts a Business/Enterprise.
4) F.W. Taylor was regarded as Father of Scientific Management.
5) E-business is an abbreviation for Electronic Business.
6) The President of National Commission is Supreme Court judge.
7) Business organisation can maximize profitability by minimising wastage.
8) Market is the place where transaction of buying and selling of goods and
services takes place in exchange of money or money’s worth.

Q.3. Find the odd one:

1) Fatigue Study, Principle of Unity of Command, Work Study,
Motion Study. Ans. Principle of Unity of Command
2) Planning, Organizing, Staffing, Writing. Ans. Writing
3) BPO, RTO, LPO, KPO. Ans. RTO
4) Protection of environment, maintain transparency, employment generation,
development of backward region. Ans. maintain transparency
5) District Commission, State Commission, NGO, National Commission. -
Ans. NGO
6) Endowment policy, Whole life policy, Money back policy, Blanket policy. -
Ans. Blanket policy
7) Innovation, Lack of communication, Development of market, Determining the
objectives. Ans. Lack of communication
8) Primary Market, Secondary Market, Retail Market, Terminal Market. -
Ans. Retail Market

Q.4. Study the following cases/situations and express your opinion:

1) Mr. Ved made his payment by cheque at the same time Mr. Shlok made his
payment by fund transfer.
i. Whose payment is faster?
Ans. Mr. Shlok’s payment is faster.

ii. Whose payment is related to traditional business?

Ans. Mr. Ved’s payment is related to traditional business.

iii. Whose payment is related to e-business?

Ans. Mr. Shlok’s payment is related to e-business.

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2) Yashwant Co. Ltd. is providing facilities for their female staff like day care
centre for kids and work from home facility. Even management takes their
suggestions while taking the decisions though they are members of trade
union.
i.By doing this they are following social responsibility towards which interest
group?
Ans. By doing this they are following social responsibility towards employees
(females).

ii. What values are they presenting?

Ans. They are presenting values like Compassion and Co-operation in the above case.

iii. What kind of responsibilities employer follows in above case?

Ans. The responsibilities such as provision of good working conditions and giving
recognition to members of trade union are followed by employer in above case.

3) Mr. X purchases goods from nearest shop. Mr. Y purchases mobiles from Tokyo. Mr. Z of
Nandurbar purchases electronic goods from Delhi.
i. From which type of market does Mr. X purchase?
Ans. Mr. X purchases from Local Market.

ii. Name the type of market from where Mr. Y deals?

Ans. Mr. Y deals with International Market.

iii. State the type of market from where Mr. Z purchases goods.
Ans. Mr. Z purchases goods from National Market.

4) Mr. Soham is young MBA degree holder; Mr. Navin is B. Com graduate. Mr. Soham is
willing to start dairy farm at his village. Mr. Navin is willing to work as a cashier in Private
Company.
i. Find out dream of Soham.
Ans. The dream of Soham is to become an entrepreneur by starting dairy farm
business at his village.

ii. State anyone characteristic/feature of Entrepreneur.

Ans. Hard work, Intellectual Capabilities

iii. To become successful entrepreneur, which qualities Mr. Soham should have?
Ans. Disciplined, Confidence, Open Minded, Creativity.

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