Financial Questions and Answers

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Q21
"Organisation is a Management Process by which people, functions and physical factors are brought together to form a controllable unit." This definition is given by-
  • A Haney
  • B Kelling B. Lewis
  • C Oliver Sheldon
  • D Cornell
Answer: Option C
Q22
Out of the following forms, which form of organisation is the oldest one ?
  • A Line and staff organisation
  • B Functional organisation
  • C Committee organisation
  • D Line organisation
Answer: Option D
Q23
"A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it." It is called-
  • A Functional organisation
  • B Formal organisation
  • C Committee organisation
  • D Informal organisation
Answer: Option C
Q24
Due to coordination-
  • A There is a unity of order
  • B There is a unity of direction
  • C There is a leadership
  • D Employees are motivated
Answer: Option A
Q25
In ‘Direction’ who is given importance ?
  • A To machines
  • B To paper work
  • C To man
  • D To production
Answer: Option C
Q26
The Essence of Control is-
  • A To take decision
  • B To take corrective action
  • C To make enquiry
  • D To motivate
Answer: Option B
Q27
An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by-
  • A All the directors of company
  • B All the members entitled to vote there at
  • C Majority of members entitled to vote there all
  • D None of the above
Answer: Option B
Q28
"The position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-
  • A Importance of Company Secretary
  • B Rights of Company Secretary
  • C Duties of Company Secretary
  • D Liabilities of Company Secretary
Answer: Option A
Q29
The first Secretary of the company is appointed by-
  • A Shareholders
  • B Promoters
  • C Government
  • D Directors
Answer: Option B
Q30
Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is-
  • A Rs. 50 lakhs or more
  • B Rs. 1 crore or more
  • C Rs. 2 crores or more
  • D Rs. 3 crores of more
Answer: Option C

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