Question 1

Question 5: What does EXIM stand for in the context of international trade?

Accepted Answer

A) Export and Import

Explanation: EXIM policy pertains to the governments strategies and regulations regarding the export and import of goods and services.

Question 2

Question 12: What is the formula for calculating straight-line depreciation?

Accepted Answer

A) (Cost - Salvage Value) / Useful Life

Straight-line depreciation is calculated as (Cost - Salvage Value) / Useful Life.

Question 3

Question 5: What is a provision?

Accepted Answer

B) Estimated liability or loss

A provision is a liability or loss that is estimated and set aside.

Question 4

In an oligopoly, firms are more likely to engage in collusion when:

Accepted Answer

d) There are few firms and high barriers to entry

Collusion is more likely in oligopolistic markets with a small number of firms and high barriers to entry.

Question 5

Q19. What is Gandhis perspective on Pleasure without conscience?

Accepted Answer

B

Explanation: Gandhiji criticises the pursuit of pleasure without a moral conscience.

Question 6

Q2. What is a characteristic feature of Negotiable Instruments?

Accepted Answer

A

Negotiable instruments typically have a fixed maturity or due date for payment.

Question 7

7. What is paralanguage in communication?

Accepted Answer

B. Vocal cues and intonation

Paralanguage refers to vocal cues and intonation, which contribute to the interpretation of spoken words.

Question 8

Q14. What is a key challenge faced by the iron and steel industry in India?

Accepted Answer

b. Overdependence on imports

Over Reliance on imports for certain components can be a challenge for the iron and steel industry.

Question 9

Q10. What is the typical term for the maturity date of a Negotiable Instrument?

Accepted Answer

C

The due date is the specified time when the payment of the negotiable instrument becomes due.

Question 10

3. What distinguishes teams from groups?

Accepted Answer

C

Explanation: Teams are characterised by a shared purpose and specific goals, while groups may not necessarily have a common objective.

Question 11

Q4. Leadership is best defined as:

Accepted Answer

B

Leadership involves influencing others to willingly pursue organisational objectives.

Question 12

Q17. Which type of Negotiable Instrument is typically used for short-term borrowing by governments?

Accepted Answer

C

Treasury bills are a type of negotiable instrument used for short-term borrowing by governments.

Question 13

In an oligopolistic market, what is the primary focus of firms regarding pricing and strategy?

Accepted Answer

b) Collusion

Oligopolistic firms often focus on collusion or cooperation to maximise their joint profits.

Question 14

10. When writing a resume, what is the purpose of the objective statement?

Accepted Answer

C. Summarising career goals

The objective statement in a resume summarises the candidates career goals and aspirations.

Question 15

Q2. Which principle of directing emphasises unity of command?

Accepted Answer

C

Unity of Command principle states that an employee should receive orders from only one superior to avoid confusion.

Question 16

Question 16: Which financial statement is prepared first during the accounting cycle?

Accepted Answer

A) Income Statement

The income statement is typically prepared first to calculate net income.

Question 17

Q13. Which factor contributes significantly to the growth of the textile industry in India?

Accepted Answer

c. Abundant availability of cotton

Indias abundant supply of cotton is a crucial factor in the growth of the textile industry.

Question 18

Question 20: How does an expansionary fiscal policy affect unemployment?

Accepted Answer

B) Decreases unemployment

Explanation: Expansionary fiscal policy, involving increased government spending and/or tax cuts, aims to stimulate economic activity, leading to a decrease in unemployment.

Question 19

Q15. Which industry is known for being water-intensive, posing environmental challenges?

Accepted Answer

b. Sugar

The sugar industry is known for its significant water usage, which can pose environmental challenges.

Question 20

Q9. Which textile industry process involves the conversion of fibres into yarn?

Accepted Answer

b. Spinning

Spinning is the process of converting fibres into yarn, a crucial step in textile manufacturing.

Unit 4 — Question Paper

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