Explore topic-wise InterviewSolutions in Current Affairs.

(a) A is Correct and R is the Correct explanation to A

1. Service 

2. economic health 

3. Industrial sector 

4. Service

5. 6^th 

6. fifth 

7. Industrial

(b) import and export policy

Methods of calculating Gross Domestic Product or GDP:

1. Expenditure Approach – In this method, the GDP is measured by adding the expenditure on all the final goods and services produced in the country during a specified period. 

2. Income Approach – This method looks at GDP from the perspective of the earnings of the men and women who are involved in producing the goods and services.

3. Value-added Approach – In the value – added approach the value added by each intermediate good is summed to estimate the value of the fiscal good. The sum of the value added by all the intermediate goods used in productions gives us the total value of the final goods produced in the economy.

GNHI is a philosophy that guides the government of Bhutan.

With the downgrading of India’s credit rating by some international agencies, these was heavy flight of capital out of India. The Government has to mortgage 40 tons of gold to the Bank of England. Under these circumstances, the Government for 1991-92 presented its budget in July 1991 with a series of policy changes which underlined globalization, liberalisation and privatisation. This has come to be called as India’s new economic policy

(b) A is correct and R is not the correct explanation to A

(a) (i), (iii), (iv) is correct

Correct Answer is: (d) Forestry

The 17^th century Globalization became Private business phenomenon.

Co-operative policy is a part of Agriculture policy.

Correct Answer is: (b) 92.26

Correct option is B. Internal

(b) A is correct and R is not the correct explanation to A

Correct Answer is: (b) 164

(b) Director General

(a) US and UK

(a) Agriculture

(a) Agricultural sector

A. (iii) 

B. (iv) 

C. (vi) 

D. (i) 

E. (ii)

India signed the Dunkel draft in the year 1994.

The Headquarters of WTO is in Geneva.

The eighth round of Talks of GATT took place in the year 1986.

(b) Value-added approach

Uruguay Round final Act was signed by the member nations in the year 1994.

Correct Answer is: (b) Candidate

(b) Psychological Test

Effective use of Social media marketing increase conversion rates of Customer to buyers.

(a) Aptitude Test

Job first man next is one of the principles of placement.

(b) First step in Selection process

The process of eliminating unsuitable candidate is called Selection.

(d) Apprenticeship training

Correct Answer is: (a) Training

(c) In a situation similar to actual working environment

(c) Outside the factory

The objective of time study is to determine the standard time required to perform a well-defined job.

Principle of Management are not rigid prescriptions because they can be modified according to the changing conditions and in special situations.

Differential Piece Wage System:

(i) Taylor wanted to differentiate between efficient and inefficient workers.

(ii) He wanted to reward efficient workers and introduced two rates of wage payment for those who performed equivalent to or above standard and for those who performed below standard.

(iii) The difference in the wage was enough for the inefficient worker to be motivated to perform better.

e.g., Standard output (per worker per day) = 10 units

Wage rate I = Rs.2 per unit (for output < 10 units)

Wage rate II = Rs.3 per unit (for output > 10 units)

Difference in units produced= 2

Difference in wages = Rs.15

Motion Study is a technique to determine the best way of doing a task by eliminating useless motions.

Differential wage rate means offering higher rate of wages to those employees who complete the work more than the standard quantity and lower rate of wages to those employees who perform below the standard fixed.

Universality refers to that truth which is equally applicable in all spheres (both business and nonbusiness). The principles of management are also universal in nature. All business (industrial units, etc.) and non-business organisations (educational institutions, government offices, playgrounds, agricultural farms, army, clubs and other social organisations), in order to achieve their objectives have to apply more or less the same principles.

The role of ‘inspector' as a foreman in functional foremanship is to check the quality of work.

Characteristics of principles of management:

(i) Universal applicability

(ii) General guidelines.

(iii) Formed by practice and experimentation.

(iv) Flexible.

(v) Mainly behavioural.

(vi) Cause and effect relationship.

(vii) Contingent.

A differential wage-rate system is a method of wage payment in which after tests a standard time for any task is being set. The worker gets a high wage-rate for completing the job within the allotted time and lower wage-rate for completing the job beyond the allotted time.

The role of route clerk in functional foremanship is to specify the sequence of completing a particular task.

The role of inspector in functional foremanship is to check the quality of work.

It refers to determining the standard time required to complete a particular activity.

The role of ‘gang boss’ is to ensure that both the workers and the machines are fit enough for production and that the material required for their use has been made available to them.

The role of ‘speed boss’ is to ensure timely and accurate completion of job.