Multiple Choice Multiple Answer

Question
Wage differentials are of following factors :-
Correct Answer
Difference in labour efficiency , Social esteem , Occupation
Your Answer
Occupation , Difference in labour efficiency , Social esteem

Select The Blank

Question
Life and Medical insurance or reimbursement of medical bills is considered as a
part of ________.
Correct Answer
Perks
Your Answer
Social security

Select The Blank

Question
Against the past practice of modest gradual increase applicable to all, with only
marginal additional to the ________ performer.
Correct Answer
Good
Your Answer
Average

Multiple Choice Single Answer

Question
Employees in the railways are entitled of payment of wages Act, 1936 who are
drawing wages and salaries below :-
Correct Answer
Rs. 1600/- a month
Your Answer
Rs. 1600/- a month

Multiple Choice Multiple Answer

Question
Due to the paucity of relevant data on wage differentials, it is possible to
analyze in India :-
Correct Answer
Wage structure , Pay structure , Salary structure
Your Answer
Wage structure , Pay structure , Salary structure

Multiple Choice Multiple Answer

Question
Any imbalance in input-output relation in any incentive payment scheme can result
in :-
Correct Answer
Tension , Lower productivity , More absenteeism
Your Answer
Tension , Lower productivity , More absenteeism

Multiple Choice Multiple Answer

Question
In India, Group incentive plans face problems like :-
Correct Answer
High norms of standard work , Illiterate workforce , Numerous slabs in rate
structure
Your Answer
High norms of standard work , Illiterate workforce , Numerous slabs in rate
structure

Multiple Choice Single Answer

Question
Differential piece rate system is based on :-
Correct Answer
Dual rates for different efficiency levels
Your Answer
Dual rates for different efficiency levels

Select The Blank

Question
In the history of Indian IT industry, the year 2001-2002 will be remembered as
________.
Correct Answer
Year of lay-offs
Your Answer
Year of lay-offs

Multiple Choice Single Answer

Question
The social structure of individual's life style is evident in the :-
Correct Answer
Urban society
Your Answer
Urban society

Multiple Choice Single Answer

Question
Rate range can be developed in many ways, one usually adopted is :-
Correct Answer
Wage curve
Your Answer
Performance curve

Multiple Choice Multiple Answer

Question
Documents useful for the purpose of wage analysis are :-
Correct Answer
Wage sheets , Payroll , Accounting registers
Your Answer
Wage sheets , Payroll , Accounting registers

Select The Blank

Question
There are many methods that an alive ________ management can creatively develop
for employees rendered redundant through little forethought.
Correct Answer
HRD
Your Answer
HRD

Select The Blank

Question
In Taylor differential piece rate system, high piece rate is applicable if
________.
Correct Answer
Output is above standard
Your Answer
Output is above standard

Multiple Choice Single Answer

Question
For a normal adult the net intake of calories should be :-
Correct Answer
2700
Your Answer
2600

Multiple Choice Multiple Answer

Question
In Compensation plans the following are taken into account :-
Correct Answer
Cost of production , Reduction in expenses , Profits made
Your Answer
Reduction in expenses , Profits made , Cost of production

True/False
Question
IT jobs still remain the best paying jobs in the country.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer

Question
Basic compensation systems are :-
Correct Answer
Time rate system , Piece rate system
Your Answer
Time rate system , Piece rate system , Bonus

Multiple Choice Multiple Answer

Question
Various enactments that are applicable to employees of organization are :-
Correct Answer
Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund & Misc.
Provisions Act
Your Answer
Payment of Gratuity Act , Payment of Bonus Act , Employee's Provident Fund & Misc.
Provisions Act

Select The Blank

Question
Piece workers come under ________ class of workers.
Correct Answer
Semi - skilled
Your Answer
Unskilled

Multiple Choice Single Answer

Question
Minimum wages are not to be fixed in an industry which employs less then how many
employees in the entire state?
Correct Answer
1000
Your Answer
900

True/False
Question
Within the factory group promotion is important.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer

Question
In Payroll process, a Journal entry is treated as Control entry to :-
Correct Answer
Book deductions effected during the month , Book expenses for the month on account
of payroll , Make remittances to respective authorities
Your Answer
Give effect of unknown transactions in books of accounts , Book deductions
effected during the month , Book expenses for the month on account of payroll

Multiple Choice Single Answer

Question
Co-partnership system tries to :-
Correct Answer
Eliminate friction between capital and labour
Your Answer
Gives fixed share to workers

True/False
Question
Indirect labour cost forms a part of overheads.
Correct Answer
True
Your Answer
True

Match The Following

Question
Correct Answer
Your Answer
Top managers
Non-financial benefits
Non-financial benefits
Workers
Piece-rate
Bonus
Salesmen
Commission
Commission
Managers
Bonus
Compensatory day-off
Select The Blank
Question
________ is that portion of Dearness Allowance which Government declares to be
paid for all purposes.
Correct Answer
Dearness Pay
Your Answer
Dearness Pay

Multiple Choice Multiple Answer

Question
A good incentive scheme should have :-
Correct Answer
Elasticity , Parity , Less operational costs
Your Answer
Elasticity , Parity , Less operational costs

Select The Blank

Question
________ is the unique code allotted to each & every employee in the organization.
Correct Answer
Employee No.
Your Answer
Employee No.

Multiple Choice Multiple Answer

Question
Apart from salaries, IT employees are giving importance to :-
Correct Answer
Job content , Job security , Company image
Your Answer
Job security , Company image , Foreign trips

Multiple Choice Multiple Answer

Question
Major components of compensation :-
Correct Answer
Salary , Basic salary , Consolidated salary
Your Answer
Salary , Basic salary , Consolidated salary

Match The Following

Question
Correct Answer
Your Answer
Under E.S.I., employer's contribution
0.0475
0.0475
Under E.S.I. employee's contribution
0.0175
0.0175
Employee Pension Scheme is 8.33% of
Employer
Employer
Employer & Employee Contribution under E.P.F.
0.12
0.12
Select The Blank
Question
The wages of workers not present at the time of payment disbursement should be
entered into ________.
Correct Answer
Undisbursed wage register
Your Answer
Undisbursed wage register

Multiple Choice Multiple Answer

Question
Components of wage & salary are :-
Correct Answer
Basic wage , Overtime wage , Dearness allowance
Your Answer
Basic wage , Overtime wage , Dearness allowance

Multiple Choice Single Answer

Question
Basic purpose of Wage and Salary administration is to establish and maintain an
equitable :-
Correct Answer
Wage and Salary structure
Your Answer
Wage and Salary structure

True/False
Question
Performance standards & norms for incentive payments should be set up high for
better results.
Correct Answer
False
Your Answer
False

True/False
Question
To maintain best manpower in the organization, Management Incentive Plan based on
the individual performance is necessary.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer

Question
Salient features of profit-sharing are :-
Correct Answer
Agreement is voluntary , Payment may be in cash / stock of future credits ,
Computation on the basis of some agreed formula
Your Answer
Agreement is voluntary , Payment may be in cash / stock of future credits ,
Remuneration on the basis of efficiency

Multiple Choice Multiple Answer

Question
In dotcom companies, there is :-
Correct Answer
Direct interaction with customers and client organizations , Reduction of capital
cost , Huge no of employees
Your Answer
Direct interaction with customers and client organizations , Reduction of capital
cost , Huge no of employees

Select The Blank

Question
________ had a decisive influence on the wage structure & wage level.
Correct Answer
Managerial attitude
Your Answer
Market focus

True/False
Question
Wage and salary administration should be controlled by some proper agency.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer

Question
The human relations are determined by :-
Correct Answer
Human attitudes
Your Answer
Human attitudes

Multiple Choice Single Answer

Question
If the ranking plan is used the grade consists of a specific number of :-
Correct Answer
Ranks
Your Answer
Points

Select The Blank

Question
________ is a source document for preparation of wage sheet.
Correct Answer
Attendance Register
Your Answer
Attendance Register

True/False
Question
Contribution to the Provident Funds are made at certain rate or certain percentage
of salary of employee, only by the Employer.
Correct Answer
False
Your Answer
False

True/False
Question
Incentive schemes should be installed right from beginning of production.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer

Question
Time spent by same worker on various jobs is recorded on daily basis in :-
Correct Answer
Daily time sheet.
Your Answer
Job card.
=========================
Question : SEBI has taken an action to ban on Badla.
Answer : True
Question : As per the reports and the letter of intent filed with SEBI, what
amount is expected to be paid from the primary market during this year?
Answer:15000 crores
Question :SEBI cannot investigate the affairs of mutual funds and their trustees
and asset management companies.
Answer:False
Question :A mutual fund scheme shall not invest more than ________ of its NAV in
unrated debt by a single issuer.
Answer:0.1
Question :Securities offered in a pledge can change if a ________ agrees.
Answer:Pledgee
Question :A bidder can request for a transaction registration slip as the proof of
his having entered the bid.
Answer:True
Question :SENSEX is calculated using ________ method.
Answer:Market capitalization
Question :AA rated companies can raise ________ of its net worth.
Answer:2.5 times
Question :In the book building process pricing is determined on the basis of
________.
Answer:Investor feedback
Question :What is Sweat equity ?
Answer:Equity shares issued by the company to the employees , Issued to directors
at a discount , For consideration other than cash for providing now
Question :An AMC fees :-
Answer:To be borne by the individual schemes
Question :What are the objectives of NHB?
Answer:To promote, establish, aid in promotion and support of housing finance
institutions , To make loans advances or render any other form of financial
assistance to focusing finance institutions , To guarantee financial obligations

Question :What are participatory notes?

Answer:Instruments used by foreign funds , Instruments used but investors not
register with SEBI , Investors interested in taking exposure in Indian securities
Question : When can an offer be withdrawn?
Answer: Statutory approvals refused , Sole acquirer being person died ,
Circumstances as in opinion of board
Question :MIBOR is a security. Derivatives based on this interest rate have legal
recognition under SCRA.
Answer:False
Question :For issues upto Rs. 50 crores the number of lead managers will not
exceed ________.
Answer:2
Question -----Correct Answer
Share buy back is a way of--Returning surplus cash to the shareholders
Dutch Auction ---Price of the Buy back is done by the shareholders
Open market purchases--No minimum price stipulation
Companies holding more than 90% equity --Can be delisted

Question :Under section 11 B of SEBI act how many issuers were debarred?
Answer:1
Question :The continuing growth in ________ was one of the factors that
contributed to the growth of credit rating.
Answer:Information technology
Question :What was the turning point in the working of Indian capital markets?
Answer:Establishment of NSE
Question :What do you understand by capital markets ?
Answer:Market for long term funds and investments in long term instruments
Question :In February 2004, UTI sought permission of SEBI to prematurely close
________ schemes.
Answer:7
Question :What are the limitations of refinance facility?
Answer:Cannot exceed 5 times NOF , Not to exceed 50% of total Loan funds of HFC's
, Not to exceed 15 % of NOF of NHB
Question :What is the amount invested by the FII's in the Indian Capital market?
Answer:US$14 bn
Question :The buy back of shares by Indian corporates has been very successful in
India.
Answer:False
Question :The NSE Nifty index comprises of ________companies.
Answer:50
Question :Who is required to make a public announcement ?
Answer:Acquirer
Question :What are the norms for Approval of Housing finance companies by NHB?
Answer:Minimum paid up capital 1 crore , At least 2 directors , Any appointment of
auditors
Question :What are the major factors influencing portfolio decisions?
Answer:Investor characteristics , Liquidity needs and tax considerations ,
Investment and interest rate risk
Question :What was the reason for not introducing rolling settlements earlier in
India?
Answer:Lack of depositories
======================================================
True/False
Question If the rent paid by employee for his accommodation is equal to or more
than the value of rent-free house, the value of the concession in rent is 'NIL'.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer

Question Employees are paid incentives on 'Time' basis if :-
Correct Answer Units of output are difficult to measure , Delays in work are
frequent , Quality is prime consideration
Your Answer Delays in work are frequent , Quality is prime consideration , Units
of output are difficult to measure

True/False
Question In piece rate & time rate combination, if payment is calculated on the
basis of piece rate guaranteed and if number of pieces fall below the minimum
wages guaranteed, he is paid by time rate (T).
Correct Answer True
Your Answer False

Multiple Choice Single Answer

Question Every worker is ensured the minimum payment in :-
Correct Answer Piece rate & time rate combination
Your Answer Piece rate & time rate combination

Select The Blank

Question Wages have at least ________ connotations from stand points of employers
and employees.
Correct Answer 2
Your Answer 2

True/False
Question Taylor differential piece rate system is suitable for large scale
production.
Correct Answer True
Your Answer True

Multiple Choice Single Answer

Question In profit-sharing plan, the proportion of profits to be distributed among
the employees is determined :-
Correct Answer In advance
Your Answer In advance

Select The Blank

Question Inter-firm differentials reflect ________ wage levels of workers.
Correct Answer Relative
Your Answer Relative

Match The Following

Question Correct Answer Your Answer

High wage level system Incentive to worker to improve performance Fixed cost
decreases

Graduated time rate system Economical factor is consider Protect learners & slow
workers

Straight piece rate system Productivity improvement Productivity improvement

Piece rate system & time rate combination Protect learners & slow workers
Incentive to worker to improve performance

Multiple Choice Single Answer

Question Following is not a function of personnel department :-
Correct Answer Time keeping.
Your Answer Time keeping.

Multiple Choice Single Answer

Question Group incentive plans are best suited for :-
Correct Answer Small work groups
Your Answer Small work groups

Multiple Choice Multiple Answer

Question To make Scanlon plan successful, there should be :-
Correct Answer Stable product lines and costs , Strong commitment to plan ,
Healthy labour relations
Your Answer Stable product lines and costs , Strong commitment to plan , Healthy
labour relations

Multiple Choice Multiple Answer

Question Profit sharing, as an incentive plan, realizes these advantages :-
Correct Answer Higher profits , Increased efficiency , Climate for better employee
relations
Your Answer Higher profits , Increased efficiency , Climate for better employee
relations

Select The Blank

Question The wages of workers not present at the time of payment disbursement
should be entered into ________.
Correct Answer Undisbursed wage register
Your Answer Undisbursed wage register

Multiple Choice Multiple Answer

Question In India, Group incentive plans face problems like :-
Correct Answer High norms of standard work , Illiterate workforce , Numerous slabs
in rate structure
Your Answer High norms of standard work , Illiterate workforce , Numerous slabs in
rate structure

Multiple Choice Multiple Answer

Question Job analysis describes :-
Correct Answer Duties , Responsibilities , Working conditions
Your Answer Duties , Responsibilities , Working conditions

Multiple Choice Multiple Answer

Question Production bonus is calculated on the basis of output norms decided
through :-
Correct Answer Job analysis , Time studies
Your Answer Job analysis , Time studies , Job enrichment

Multiple Choice Single Answer

Question A type of group incentive plan is :-
Correct Answer Profit sharing scheme
Your Answer Profit sharing scheme

Multiple Choice Multiple Answer

Question Components of wage & salary are :-
Correct Answer Basic wage , Overtime wage , Dearness allowance
Your Answer Basic wage , Overtime wage , Dearness allowance

Multiple Choice Single Answer

Question Financial &/or quantitative statement prepared & approved prior to period
of time is called :-
Correct Answer Budget
Your Answer Budget

Multiple Choice Multiple Answer

Question Following are economic causes of idle time of labour :-
Correct Answer Trade cycles. , Non availability of working capital.
Your Answer Poor management. , Trade cycles. , Non availability of working
capital.
Multiple Choice Multiple Answer
Question Forces that favour regional differences are :-
Correct Answer Low mobility , Lower skilled job , Sources of income
Your Answer Low mobility , Lower skilled job , Sources of income

Multiple Choice Multiple Answer

Question Any imbalance in input-output relation in any incentive payment scheme
can result in :-
Correct Answer Tension , Lower productivity , More absenteeism
Your Answer Tension , Lower productivity , More absenteeism

Multiple Choice Single Answer

Question A worker produces 50 units a week of 06 days and piece rate is Rs.2/- per
piece. Then his earning will be :-
Correct Answer Rs.100/-
Your Answer Rs.100/-

Multiple Choice Single Answer

Question Monetary incentives imply :-
Correct Answer External motivation
Your Answer External motivation

Multiple Choice Multiple Answer

Question Components of deductions in salary are :-
Correct Answer E.S.I. , Housing loan installment.
Your Answer E.S.I. , Housing loan installment.

Multiple Choice Single Answer

Question For designing profit sharing plan, the company has to first :-
Correct Answer Determine organisation's profit for year
Your Answer Enter into agreement

True/False
Question The Scanlon plan of profit sharing is more effective where no of
participants is more than 1000.
Correct Answer False
Your Answer False

Multiple Choice Single Answer

Question HR or Personnel department realises the relative worth of jobs by :-
Correct Answer Job evaluation
Your Answer Job evaluation

Match The Following

Question Correct Answer Your Answer

I. L. O. To bring appropriate payment systems Emphasizes need for legislation

Child Exploitation Article 39 Article 39

Wage Policy Increase economic welfare To bring appropriate payment systems

Article 43 Emphasizes need for legislation To avoid exploitation of labour

Multiple Choice Single Answer

Question In co-partnership Incentive system, there is division of :-
Correct Answer Surplus profit
Your Answer Surplus profit

Select The Blank

Question Against the past practice of modest gradual increase applicable to all,
with only marginal additional to the ________ performer.
Correct Answer Good
Your Answer Good

True/False
Question Insurance of a worker is a part of gross salary.
Correct Answer False
Your Answer False

Select The Blank

Question ________ are assured of a stable amount of money.
Correct Answer Employees
Your Answer Employees

True/False
Question Employer's contribution to Superannuation Fund is taxable.
Correct Answer False
Your Answer False

Multiple Choice Multiple Answer

Question Jobs are graded according to the relative skill :-
Correct Answer Effort , Responsibility , Calculations
Your Answer Effort , Responsibility

Multiple Choice Single Answer

Question In Payroll process, Cost of Living Index provides the basis for
calculating :-
Correct Answer D.A.
Your Answer D.A.

Multiple Choice Single Answer

Question Important aspect while determining pay ranges is to make general
adjustments in wage structure according to the :-
Correct Answer Price index number
Your Answer Competitors pay structure

True/False
Question If the car is used for office duty, only the value of the use of motor
car is taken as 'NIL'.
Correct Answer True
Your Answer True

True/False
Question In case of construction work / transportation / bidi rolling businesses,
internal check of disbursement of payment to workers is very important.
Correct Answer True
Your Answer True

Multiple Choice Single Answer

Question To enable employees to participate in profit sharing, employees should
have :-
Correct Answer Worked for certain no. of years in company
Your Answer Worked for certain no. of years in company
Multiple Choice Multiple Answer
Question Incentive plans fail due to :-
Correct Answer Unfair standards , Fear of rate cut , Lack of required tools /
training
Your Answer Unfair standards , Fear of rate cut , Lack of required tools /
training

Select The Blank

Question The scanlon plan of profit sharing gives utmost importance to ________.
Correct Answer Employee participation
Your Answer Employee participation

True/False
Question If workers do not understand relationship between performance and
rewards, incentive plans cannot motivate workers.
Correct Answer True
Your Answer True

Select The Blank

Question ________ is a source document for preparation of wage sheet.
Correct Answer Attendance Register
Your Answer Attendance Register

Multiple Choice Multiple Answer

Question Salient features of profit-sharing are :-
Correct Answer Agreement is voluntary , Payment may be in cash / stock of future
credits , Computation on the basis of some agreed formula
Your Answer Agreement is voluntary , Payment may be in cash / stock of future
credits , Computation on the basis of some agreed formula

Multiple Choice Single Answer

Question Time booking on job helps for :-
Correct Answer Estimating labour cost.

Your Answer Estimating labour cost.