HARYANA CLERK (UDC) EXAM, 23.06.2016

61. A market in which only two firms exist is called ?

(1) Oligopoly
(2) Duopoly
(3) Duopsory
(4) Oligopsony

Correct Answer: (2) Duopoly

Solution:Market with two firms is Duopoly

62. External data is stored in?

(1) Market forecast file
(2) Forecast Allocation file
(3) Customer file
(4) None of these

Correct Answer: (1) Market forecast file

Solution:External data stored in Market for cast file is called marked forecast file.

63. In case of simple correlation, then number of variable involved are?

(1) 1
(2) 2
(3) 3
(4) 4

Correct Answer: (2) 2

Solution:In case of Simple correlation the numbers of variables involved are 2.

64. Delegation of authority is linked to?

(1) Management planning
(2) Management co-ordination
(3) Management Control
(4) Scientific Management

Correct Answer: (3) Management Control

Solution:The delegation of authority is liked to Management control.

65. Which of the following is not an advantage of MBO?

(1) Success without planning
(2) Commitment of worker
(3) Better evaluation
(4) Self restraint

Correct Answer: (1) Success without planning

Solution:Advantage of MBO:

(i) Commitment of worker

(ii) Better evalution

(iii) Self restraint

66. Wages are paid for the use of?

(1) Capital
(2) Labour
(3) Land
(4) None of these

Correct Answer: (2) Labour

Solution:The wages are paid for the use of Labour.

67. Bank classification according to law are?

(1) Private Bank
(2) Scheduled Bank
(3) Non scheduled Bank
(4) 2 and 3 Both

Correct Answer: (4) 2 and 3 Both

Solution:Bank classification according to law are scheduled bank and Non Scheduled Bank, In India scheduled Banks are SBI and Associated (8), Nationalised Bank (29), foreign Bank (45), Private sector Bank (32), Cooperative and RRB's.

68. In which years the first central Bank in the world was established?

(1) 1660
(2) 1670
(3) 1680
(4) 1668

Correct Answer: (4) 1668

Solution:The first central bank was Swidish Riksbank, which was established in 1668.

69. The number of copies to be prepared for a bill of landing

(1) Two
(2) Three
(3) Four
(4) Five

Correct Answer: (2) Three

Solution:3 copies are prepared for a bill of landing.

70. In a country enters Interna tional trade, the income of scarce factor?

(1) Increase
(2) Decrease
(3) Stable
(4) None of these

Correct Answer: (2) Decrease

Solution:When a country enters international trade, the income of scarce factor will decrease.