LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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 Increased efficiency , Climate for better
employee relations , Curbed union activities
Select The Blank
Question Inter-firm differentials reflect ________ wage
levels of workers.
Correct Answer Relative
Your Answer Relative
Multiple Choice Multiple Answer
Question In effective incentive plan, standards on which
plan is based should be :Correct Answer Fair , Reasonable , Specific
Your Answer Fair , Reasonable , Specific
Match The Following
Question Correct Answer Your Answer
Cost accounting Dept. Accumulation & classification all cost
data Accumulation & classification all cost data
Personnel Dept. Selection & training of employees. Selection
& training of employees.
Payroll Dept. Maintain record of wage rate of each
employee. Maintain record of wage rate of each employee.
Engineering Dept. Preparation of time & motion studies
Preparation of drawings
Multiple Choice Single Answer
Question Gate time keeping helps for :Correct Answer Payroll preparations.
Your Answer Payroll preparations.
True/False
Question Incentive schemes should be installed right from
beginning of production.
Correct Answer False
Your Answer False
True/False
Question In industrialization there is not always mass
production.
Correct Answer False
Your Answer True
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
support of top management
Select The Blank
Question Cost of time spent on conducting interviews &
selecting a candidate for ________ is called Replacement
cost.
Correct Answer Replacement
Your Answer Replacement
Select The Blank
Question ________ of payment recognizes that
individuals are concerned about the money paid to them and
also the relationship of this amount to what others are paid.
Correct Answer Equity approach
Your Answer Market approach
Select The Blank
Question Cost of employee welfare activities comes under
________ cost.
Correct Answer Preventive
Your Answer Indirect Labour
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 As industrialization taking place, the family
values have :Correct Answer Changed
Your Answer Gone high
True/False
Question Compensation policy does not need criteria for
promotions.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Differential piece rate system is suitable where :Correct Answer Fixed costs are higher in proportion to
veriable cost , It is possible to count production accurately ,
There are standardised methods of production
Your Answer There are standardised methods of
production , Standard time can not be accurately measured ,
Fixed costs are higher in proportion to veriable cost , It is
possible to count production accurately
Multiple Choice Single Answer
Question Control of labour cost is essential in every
organisation to :Correct Answer Determine indirect labour cost.
Your Answer Control direct expenses.
Multiple Choice Multiple Answer
Question In India, Group incentive plans face problems
like :Correct Answer Numerous slabs in rate structure , High
norms of standard work , Illiterate workforce
Your Answer High norms of standard work , Illiterate
workforce , Numerous slabs in rate structure
True/False
Question If the employee receives conveyance allowance,
or, he is provided with a vehicle by employer, he is not
eligible to get 'Standard deduction' from his salary.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Carpenters engaged in cutting of wood in a
furniture making shop is an example of :Correct Answer Direct labour
Your Answer Direct labour
Multiple Choice Multiple Answer
Question Employees cost to the company includes :Correct Answer Basic wages , Incentives
Your Answer Cost of personnel administration , Basic
wages , Dearness allowance , Incentives
Select The Blank
Question Process of readjustment inevitable calls for
changes in the ________ system and its practice.
Correct Answer Human Resource
Your Answer Human Resource
Match The Following
Question Correct Answer Your Answer
Idle time due to tea breaks Direct costs Indirect costs.
Basic Salary Gross Earning Net Earning
Professional Tax Deductions Deductions
Overtime due to general pressure of work Indirect costs.
Direct costs
True/False
Question Indirect labour cost forms a part of overheads.
Correct Answer True
Your Answer True
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
, Historical records of employees
Multiple Choice Multiple Answer
Question Level II in junior managers comprises of :Correct Answer Engineers , Officers , Senior Engineers
Your Answer Engineers , Officers , Senior Engineers
Select The Blank
Question Gross Earnings - Deductions equals ________.
Correct Answer Net Earnings
Your Answer Net Earnings
Multiple Choice Single Answer
Question When the cost of living increases, workmen and
trade unions demanded to :Correct Answer Increase the wage
Your Answer Increase the wage
Multiple Choice Single Answer
Question It was commonly believed by Hindus that
marriage was :Correct Answer Necessary
Your Answer Necessary
Multiple Choice Single Answer
Question If the employment is merely incidental to the
exercise of a profession, the gains from such employment
would be :Correct Answer Professional earnings
Your Answer Salary
Select The Blank
Question Factors not related to money can also serve as
________.
Correct Answer Attention seekers
Your Answer Thought stimulators
Select The Blank
Question Wage differentials have been classified into
________ categories.
Correct Answer 3
Your Answer 5
Multiple Choice Multiple Answer
Question Source documents for preparations of wages
are :Correct Answer Daily time sheet , Weekly time sheet. ,
Attendance register.
Your Answer Daily time sheet , Weekly time sheet. ,
Attendance register.
Select The Blank
Question ________ is necessary to calculate Dearness
Allowance in Payroll process.
Correct Answer Cost of Living Index
Your Answer Minimum Wages
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 At the end of fiscal year
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
Multiple Choice Single Answer
Question Long-term wage Incentive plans are useful,
where :-
Correct Answer Jobs are inter-related
Your Answer Jobs are inter-related
Multiple Choice Single Answer
Question Hospitality industries includes :Correct Answer Hotels
Your Answer Hotels
Select The Blank
Question Today there is strong competition for acquiring
as much ________ as possible.
Correct Answer Wealth
Your Answer Wealth
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 Accumulated leave pay is treated as Indirect
expenses.
Correct Answer True
Your Answer True
True/False
Question House rent allowance paid to a employee
residing in his own house is not exempt from tax.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Cost accounting department analyze payroll for
the purpose of revealing :-
Correct Answer Normal and abnormal idle time , Direct &
indirect labour , Variance from budgeted costs
Your Answer Normal and abnormal idle time , Direct &
indirect labour , Variance from budgeted costs
Multiple Choice Multiple Answer
Question The approach of managerial / executive staff
towards the perquisites has changed since last :Correct Answer 10 years , 9 years , 8 years
Your Answer 8 years
Multiple Choice Single Answer
Question Monetary incentives imply :Correct Answer External motivation
Your Answer Internal motivation
Select The Blank
Question A person would readily respond to opportunities
related to jobs if he has strong need for ________.
Correct Answer Affiliation
Your Answer Power
True/False
Question Halsey Premium plan is a combination of the
day wage & piece wage in modified form.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Production planning includes :Correct Answer Product engineering.
Your Answer Labour budgets