49. The primary aim of recruitment and selection process is to

by
A. Meet the high labour turnover
B. Hire the best individuals at optimum cost
C. Ensure the availability of surplus in the case of sickness and absence
D. Hire Excess manpower for the future
✅ The correct answer is option B.
The primary aim of recruitment and selection process is to hire the best individuals at optimum cost. It can assist the HR personnel to select the right candidate on the basis of merit and relevance with the job.

716. What common, related problem do for non-profit organizations such as the British Museum and the National History Museum often face?

by
A. Costs associated with repairs and maintenance
B. The need to be educational and adhere to their scientific/research orientation whilst addressing commercial issues (e g , admission charges to cover costs)
C. The need to be educational and adhere to their scientific/research orientation whilst satisfying main stakeholders
D. The conflict between pursuing organizational objectives and resource availability constraints
✅ The correct answer is option A.
Costs associated with repairs and maintenance are common, related problem do for non-profit organizations such as the British Museum and the National History Museum often face.

Chief cause that market worth of organization might raise in reaction to privatization is expected

by
A. improvements in financial performance
B. improvement in profits
C. improvements in exports
D. improvement in managerial efficiency
✅ The correct answer is option D.
Chief cause that market worth of organization might raise in reaction to privatization is expected improvement in managerial efficiency. Managerial efficiency is the proportion of total organization resources that contribute to productivity during the manufacturing process. The higher this proportion, the more efficient the manager.

Gold standard introduced in

by
A. 1913
B. 1990
C. 1876
D. 1944
✅ The correct answer is option C.
Gold standard introduced in 1876. Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.

707. Which type of system tracks day-to-day activities of an organization?

by
A. Transaction processing system (TPS)
B. Management information system (MIS)
C. Decision-support system (DSS)
D. Executive support system (ESS)
✅ The correct answer is option A.
Transaction processing systems are used to record day to day business transactions of the organization. They are used by users at the operational management level.

Reduction of risk by holding large number of securities in portfolio of assets is classified as

by
A. diversification
B. selling ability
C. reduction ability
D. director ability
✅ The correct answer is option A.
Reduction of risk by holding large number of securities in portfolio of assets is classified as diversification. A diversified investment is a portfolio of various assets that earns the highest return for the least risk. A typical diversified portfolio has a mixture of stocks, fixed income, and commodities.

326. The sum of three numbers is 98. If the ratio of the first to the second is 2 : 3 and that of the second to the third is 5 : 8, then the second number is :__________?

by
A. 20
B. 30
C. 48
D. 58
✅ The correct answer is option B. 30.
Let the three parts be A, B, C Then,

A : B = 2 : 3 and B : C = 5 : 8 (5 X 3/5 ) : (8 X 3/5 ) = 3 : 24/5

A:B:C= 2 : 3 : 24/5 10:15:24

B = (98 X 15/49 ) = 30.