110. The purpose of Job Evaluation is to determine

by
A. Worth of a job in relation to other jobs
B. Time duration of a job
C. Expenses incurred to make a job
D. None of the above
✅ The correct answer is option A.
The purpose of Job Evaluation is to determine worth of a job in relation to other jobs. Job evaluations have many purposes within business organizations. While they may be perceived as focusing only an individual’s performance, they actually help the organization take a look at its structure, allowing it to make changes to improve its competitiveness or efficiency.

1216. Customer behavior in which the customer moves from one queue to another in a multiple channel situation is.

by
A. Balking
B. Reneging
C. Jockeying
D. Altering
✅ The correct answer is option C.
Customer behavior in which the customer moves from one queue to another in a multiple channel situation is Jockeying. Customers may jockey from one line to another, i.e. move from one line to another. This can be seen typically at supermarkets as well as train stations, where a person leaves the line he is standing in, and joins another line which appears to be shorter, or appears to be moving faster.

Service acquired from other state is related to

by
A. dumping
B. bribes
C. outsourcing
D. exchange policy
✅ The correct answer is option C.
Service acquired from other state is related to outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

109. Job Evaluation is carried on by

by
A. Groups
B. Individuals
C. Both (A) and (B)
D. None of the above
✅ The correct answer is option A.
Job Evaluation is carried on by groups. Since job evaluation is subjective, specially trained personnel or job analysts should conduct it. When a group of managers is used for this purpose, the group is called a job evaluation committee. The committee reviews job analysis information to learn about the duties, responsibilities and working conditions.

The penalty for the contravention of foreign trade rules is decided by.

by
A. The Appellate authority
B. The Adjudicating authority
C. The Competing authority
D. The Regional Licensing Authority
✅ The correct answer is option B.
The penalty for the contravention of foreign trade rules is decided by The Adjudicating authority. The Central Government shall, by notification, appoint one or more Adjudicating Authorities to exercise jurisdiction, powers and authority conferred by or under this Act.

1201. Best in Class Benchmarking seeks to assess organisational performance against:

by
A. The nearest geographical competitor
B. The competitor who is ‘best in class’ wherever that may be
C. The competitor who is the best in the industry
D. The nearest principal competitor
✅ The correct answer is option B.
Best in Class Benchmarking seeks to assess organisational performance against the competitor who is ‘best in class’ wherever that may be. Benchmarking is also a way of measuring your firm’s strategies and performance against “best‐in‐class” firms, both inside and outside your own industry.

Which year the Bretton Wood agreement failed?

by
A. 1983
B. 1971
C. 1963
D. 1989
✅ The correct answer is option B.
The Bretton Wood agreement failed in 1971, when President Richard Nixon severed the link between the dollar and gold — a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands.

1234. ____________ assesses the whole strategic management process

by
A. Strategic audit
B. Company audit
C. Business audit
D. None of the above
✅ The correct answer is option A.
Strategic audit assesses the whole strategic management process. A strategic audit is an in-depth review to determine whether a company is meeting its organizational objectives in the most efficient way. Additionally, it examines whether the company is utilizing its resources fully. A successful strategic audit is beneficial to any company.