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Published on: 13/05/2022
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Questions + Answers key
Take MCQ Commerce Test1.
What are the methods of recent trend in recruitment?
2.
Briefly explain the stock exchanges in India.
3.
How new issues are floated in the primary market?
4.
What are the objectives of money market?
5.
Write a short note on
(a) Primary market
(b) Secondary market
6.
'Selection is a negative Process'. Do you agree?
7.
Explain Management Vs Administration.
8.
Write a short note on
(i) Committee assignment method
(ii) Internship Training method
9.
Explain any three steps in Employee selection process
10.
What are the objectives of MBO?
1.
The recent methods of recruiting by organisations include the following methods:
(i) Outsourcing: There are outsourcing firms that help in the process of recruiting through screening of applications and finding the right person for the job for which job they are paid service charges.
(ii) Poaching: Organisations instead of training and developing their own employees, hire employees of other competitive companies by paying them more both financial and non-financial benefits. It is called raiding.
2.
(i) There are 24 stock exchange in the country, with 21 of them being regional in nature.
(ii) Three others that have been set up in the reforms era, viz., National Stock Exchange (NSE), the Over the Counter Exchange of India Limited (OTCEI) and Interconnected Stock Exchange of India Limited (ISE) have mandate to nationwide trading network.
(iii) The ISE has been promoted by 15 regional stock exchanges in the country and is based at Mumbai.
(iv) The ISE provides a member-broker of any of these stock exchanges an access into the national market segment.
(v) The NSE, OTCEI, ISE and majority of the regional stock exchanges have adopted the Screen Based Trading System (SBTS) to provide automated and modern facilities for trading in a transparent, fair and open manner with access to investors across the country.
3.
There are three ways by which a company may raise capital in a primary market. They are:
(i) Public issue: The most common method of raising capital by new companies is through sale of securities to the public. It is called public issue.
(ii) Rights issue: When an existing company wants to raise additional capital, securities are first offered to the existing shareholders on a pre-emptive basis. It is called rights issue.
(iii) Private placement: Private placement is a way of selling securities privately to a small group of investors.
4.
A well-developed money market serves the following objectives :
(i) Providing an equilibrium mechanism for ironing out short-term surplus and deficits.
(ii) Providing a focal point for central bank intervention for influencing liquidity in the company.
(iii) Providing access in uses to users of short term money to meet their requirements at a reasonable price.
5.
(a) Primary market:
(i) Primary market is a term used to include all the institutions that are involved in the sale of securities for the first time by the issuers.
(ii) Here the money from investors goes directly to the issuers.
(b) Second by market:
(i) Secondary market is the market for securities that are already issued.
(ii) Stock exchange is an important institution in the secondary market
6.
(i) Yes, as selection is choosing from among the candidates the ones, who best meet a position's requirements and eliminating the ones who are not suitable.
(ii) To achieve this target, candidates are required to take a series of tests and interviews in different stages.
(iii) At each stage, many candidates are eliminated and only a few candidates move to the next stage.
(iv) The process of elimination continues till the right ones are finalised .
(v) The above scenario clearly establishes the fact that selection is the process, through which unsuitable candidates are rejected and suitable ones are chosen.
(vi) Therefore, it is regarded as negative process.
7.
The two terms 'management' and 'administration' are used inter changeably.
(i) While management is more executive in nature. But the concept of administration denotes the art of decision - making.
(ii) Management is all about plans, actions, but the administration is concerned with framing policies and setting objectives.
(iii) The manager looks after the management of the organisation, whereas administration is responsible for the administration of the organisation.
8.
1) Committee assignment method:
(I) When employees are assigned to committee to address a particular issue, they are able to work closely with other members and committee leader.
(ii) They gain more knowledge by observing and participating in decision making process.
(2) Internship Training method:
(i) A superior gives training to a subordinates or understudy like an assistant to a manager or director.
(ii) Basic purpose of internship training is to prepare subordinate for assuming the full responsibilities and duties
9.
(i) Application Blank : Most of public sector undertaking, various ministries of Government, Selection Commissions, Recruitment Board and Private Sector Companies either supply pre-printed application form or direct the candidates to download the forms uploaded in their respective websites.
(ii) Scrutinizing the Applications: Selection committee has to evolve some criteria like age, length of experience, level of education, percentage of marks, higher qualification, level of exposure, communal quotos, proficiency etc., to shortlist the number of applicants for the interview.
(iii) Selection Test: Several tests are conducted in the selection process to ensure whether the candidate possesses the necessary qualification to fit into various positions in the organization
10.
Management by objectives is intended primarily
(i) To measure and judge performance
(ii) To relate individual performance to organisational goals.
(ii) To clarify both the job to be done and the expectations of accomplishment.
(iii) To foster the increasing competence and growth of the subordinate.
(v) To serve as a basis for judgements about salary and promotion.
(vi) To stimulate the subordinates motivation
(vii) To serve as a device for organisational control and integration.
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards