1342. Which of the following is not an element of strategic thinking?

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A. Judge what strategic changes to make
B. Realize what needs to change
C. Understanding current strategic positions
D. Manage organizational resources and competencies
✅ The correct answer is option D.
Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. While each of these elements has received isolated attention, they become significant in entirely new ways when examined in the context of one comprehensive framework.

1339. ________ type of testing ensures the system is free of errors and is ready to be placed into operation.

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A. Audit
B. General
C. Technical
D. Data
✅ The correct answer is option A.
Audit type of testing ensures the system is free of errors and is ready to be placed into operation. Audit testing is one of the methods the testing discipline can use to examine a testing process and produce usable feedback.

The EXIM policy 2002-2007 coincides with the:

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A. 7th Five year plan
B. 8th Five year plan
C. 9th Five year plan
D. 10th Five year plan
✅ The correct answer is option C.
The EXIM policy 2002-2007 coincides with the 9th Five year plan seeks to consolidate the gains of the previous export-import policies and has set for itself a challenging target to achieve 1 percent to share in global trade by 2007.

A circular or notice may be issued by only _____ designated for the purpose

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A. Peon
B. Clerk
C. Typist
D. Officer
✅ The correct answer is option D.
A circular or notice may be issued by only Officer designated for the purpose. Circulars are announcements that are distributed to small or selective groups of people within the organization, and notices are meant for a larger group of people.

Consider buying put option, if price is lower at expiration date of option then the

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A. liquidity will be higher
B. loss will be higher
C. profit will be lower
D. profit will be higher
✅ The correct answer is option D.
Consider buying put option, if price is lower at expiration date of option then the profit will be higher. A person would buy a put option if they expected the price of the underlying futures contract to move lower. A put option gives the buyer the right to sell the underlying futures contract at an agreed-upon price called the strike price any time before the contract expires.

1329. A computer security protocol for logging in would be an example of the component of an information system ____________.

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A. Software
B. Hardware
C. Data
D. Procedure
✅ The correct answer is option D.
A computer security protocol for logging in would be an example of the component of an information system Procedure. Procedures are the policies that govern the operation of a computer system. “Procedures are to people what software is to hardware” is a common analogy that is used to illustrate the role of procedures in a system.

The major players in the foreign exchange market are.

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A. commercial banks
B. corporates
C. exchange brokers
D. central bank of the country and the Central Government
✅ The correct answer is option C.
The major players in the foreign exchange market are exchange brokers. A foreign exchange broker (also known as an FX broker or a forex broker) buys and sells currencies on behalf of clients while charging a commission for the service.

1325. Information systems can facilitate supply chain management by ______________.

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A. Tracking the status of orders
B. Rapidly communicating orders
C. Providing product specifications
D. Doing all of the above
✅ The correct answer is option D.
Information systems can facilitate supply chain management by tracking the status of orders, rapidly communicating orders and providing product specifications.

At present the role of IMF in the exchange rate policies of its members is to

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A. prohibit floating rate
B. have surveillance and express opinion on policies
C. restrict the exchange fluctuations within a band
D. prohibit fixed rate
✅ The correct answer is option B.
At present the role of IMF in the exchange rate policies of its members is to have surveillance and express opinion on policies. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Holders of debentures receive their payments or bonds yields only after holders of

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A. registered debt holders
B. secured debt holders
C. unsecured debt holders
D. unregistered debt holders
✅ The correct answer is option B.
Holders of debentures receive their payments or bonds yields only after holders of secured debt holders. Secured debt is debt backed or secured by collateral to reduce the risk associated with lending, such as a mortgage. If the borrower defaults on repayment, the bank seizes the house, sells it and uses the proceeds to pay back the debt.