Tag: business studies

Questions Related to business studies

Internal stakeholders are people who are already committed to serving your organization as ________.

business studies sources of business finance internal & external stakeholders and distinction between shareholders, stakeholders and customers stakeholders in commercial organisation stakeholders

  1. Board members

  2. Staff

  3. Managers

  4. All of the above

Show answer
Correct Option: D
Explanation:

Internal stakeholders are people who are already committed to serving your organization as board members, staff and managers. Internal stakeholders are referred as entities within business organization.

Stakeholders of a company does not include ________________.

business studies sources of business finance internal & external stakeholders and distinction between shareholders, stakeholders and customers stakeholders in commercial organisation stakeholders

  1. Communities

  2. Trade Unions

  3. Government

  4. Technology

Show answer
Correct Option: D
Explanation:

Stakeholders of a company does not include technology since technology does not have any interest with business. It does not get affected by the business activities.

_____ contributes asset in the form of debt or liability.

business studies sources of business finance internal & external stakeholders and distinction between shareholders, stakeholders and customers stakeholders in commercial organisation stakeholders

  1. A debtor

  2. An investor

  3. Customer

  4. A creditor

Show answer
Correct Option: D
Explanation:

 A creditor contributes asset in the form of debt or liability. Company or business organization owes money to creditors, thus, creditor contributes money in the debt or liability form.

_______ are one of the most immediate external stakeholders that a company must consider.

business studies sources of business finance internal & external stakeholders and distinction between shareholders, stakeholders and customers stakeholders in commercial organisation stakeholders

  1. Employees

  2. Customers

  3. Directors

  4. All of the above

Show answer
Correct Option: B
Explanation:

Customers are one of the most immediate external stakeholders that a company must consider.External stakeholders belong to the entities outside the business organization. Like customers, officials and suppliers are also external stakeholders.

One can open multiple NPS accounts.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

One can open multiple NPS accounts- this is a false statement as one can open only one NPS account. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

An NRI can join NPS.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

An NRI(Non-Residential Indian) can join National Pension Scheme. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Which of the following would not ensure better labour relations?

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. Proper rehabilitation of retrenched labour.

  2. Rational and pragmatic recruitment policy.

  3. Inadequate incentives for productivity of labour.

  4. Disincentives for failures.

Show answer
Correct Option: C
Explanation:

Inadequate incentives for productivity of labour would not ensure better labour relations. Proper and adequate incentives for productivity of labor is to be provided in order to maintain a good labour relations which will help to facilitate smooth functioning of all other organizational activities.

If the account holder discontinues investment in NPS, the account will be frozen.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

If the account holder discontinues investment in NPS, the account will be frozen. National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in ______________.

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. January 2005

  2. January 2004

  3. January 2007

  4. January 2003

Show answer
Correct Option: B
Explanation:

National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees.

Which of the following is/are true about the NPS?

business studies insurance - introduction and importance concept, scope and social security in india concept of social security industrial relations, trade unions and social security

  1. The NPS account can be unfrozen by paying the minimum required amount and a penalty of Rs 100.

  2. Minimum contribution required is of Rs 6,000 in the Tier-I account.

  3. Government will not contribute to the NPS account.

  4. All of the above

Show answer
Correct Option: D
Explanation:
National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004. National Pension Scheme provides old age income with reasonable market based returns. NPS was initially launched only for government employees. Following statements are true about the NPS:
a) The NPS account can be unfrozen by paying the minimum required amount and a penalty of Rs 100.
b) Minimum contribution required is of Rs 6,000 in the Tier-I account.
c) Government will not contribute to the NPS account.