CLASS: TYBBI

SUBJECT: TURNAROUND MANAGEMENT.

SEM-VI

1. Reducing disparities among nation is objective.

a) Human

b) Global

c) Economic

d) Social

2. Department which makes sure that the production plans are met on time and

products of great quality .

a) Production

b) Financial

c) Human

d) Marketing

3. The type of business which is typically found in India .

a) Sole trading

b) Partnership firm

c) Joint stock company

d) Hindu Undivided Family

4. External environment is considered as environment.

a) Micro

b) Macro

c) Old

d) New

5. The creation of employment opportunities is objective.

a) Human

b) National

c) Economic

d) Social

6. ______is the head of Joint Hindu Family business.

a) Karta

b) Barta

c) Sarta

d) Leader

7. _________________is the simplest form of business organization.

a) Sole trading concern

b) Joint stock company

c) Public limited company

d) Partnership firm

8. Partnership firm gets registered under .

a) Indian Partnership Act, 1970

b) Indian Partnership Act, 1932

c) Indian Patent Act, 1932

d) Indian Partnership Act, 1950

9. The strategy aims at increasing the sale of present product in the presented

market through aggressive promotion .

a) Market development

b) Product development

c) Production

d) Market penetration

10. A basically involves up gradation of technology to increase

production to improve quality and to reduce wastages

a) Mergers

b) Modernization

c) Joint ventures

d) Internal restructuring

11. A is the magic force that allows for enhanced cost efficiencies of

the new business.

a) Synergy

b) Joint ventures

c) Internal restructuring

d) Mergers

12. In a a firm setups a business unit as a separate business through a

distribution of stock or a cash deal.

a) Divestment

b) Liquidation

c) Spin off

d) Merger

13. The ultimate stage in the process of renewing company .

a) Divestment

b) Spin off

c) Liquidation

d) Mergers

14. When new product are being introduced to the existing product line is

known as .

a) Horizontal diversification

b) Vertical diversification

c) Concentric diversification

d) Conglomerate diversification

15. When new business will have some relation in some form to existing line of

business is known as .

a) Horizontal diversification

b) Vertical diversification

c) Concentric diversification

d) Conglomerate diversification

16.________ occurs when one function previously carried over by a supplier

or a distributor is being taken over by the company In order to reduce costs,

to maintain quality of input and to gain control over scarce resources.

(a) Vertical growth

(b) Horizontal growth

(c) Parallel growth

(d) Independent Growth

17. A concern will be an innovator and can easily face the risk of

competition.

(a) Growing

(b) Disappearing

(c) Falling

(d) Fading

18. this strategy aims at increasing the sale of present product in

the presented market through aggressive promotion.

(a) Market penetration

(b) Market development

(c) Product development

(d) Sales development

19. Implies increasing sales by selling present products in the

market.

(a) Market penetration

(b) Market development

(c) Product development

(d) Sales development

20. is a temporary partnership.

(a) Merger

(b) Joint venture

(c) Takeover

(d) Acquisition

21.______Involves up gradation of technology to increase production to

improve quality and reduce wastages and cost of production.

(a) Diversification

(b) Modernization

(c) Vertical integration

(d) Expansion

22.Internal growth strategies includes .

a) Diversification & Mergers

b) Mergers & Takeover

c) Diversification & Intensification

d) Joint venture

23.Hero cycles has set up a subsidiary to manufacture cycle wheels and tubes is

an example of .

a) Backward integration

b) Forward integration

c) Mergers

d) Acquisition

24.Diversification results in .

a) Spreading of risk

b) Increase of risk

c) Avoidance of risk

d) Risk

25.Foreign collaboration is an example of .

a) Internal growth

b) Turnaround

c) External growth

d) Diversification

26.The acquisition of Rajasthan bank by ICICI Bank Ltd. is an

example of .

a) Merger

b) Takeover

c) Diversification

d) Acquisition

27. The firm may opt for Turnaround strategy in following situations .

a) Liquidity Problem

b) High market share

c) Increase of profits

d) Market Growth

28. The strategy which involves dropping of some of products, markets or

function is called .

a) Diversification

b) Turnaround

c) Divestment strategy

d) Forward Integration

29. 3C’scomprise of .

a) Customer, competition, change

b) Compromise, competition, customer

c) Customer, care, change

d) Customer, Care, Competition

30. A full form of BIFR is .

(a) Board for Industrial and Financial Reconstruction

(b) Board for Industrial and financial Reorganization

(c) Board for Industrial and financial restructuring

(d) Board for Industry and finance reorganization

31. The Full form of SICA is .

(a) Sick Industrial Companies Act

(b) Sack Industrial Companies Act

© Serious Industrial Corporate Act

(d) Sick Industry Company Act

32. of the following is not an internal factor of industrial sickness.

a. shortage of power

b. mismanagement

c. division of funds

d. excessive overheads

33. An industrial unit is considered sick when its financial position is .

a. good

b. satisfactory

c. not satisfactory

d. Poor

34. Amongst the following agent internal cause of industrial sickness.

a. Recession

b. ineffective sales promotion

c. changes in customers demand

d. changes in government policies

35. Industrial sickness contributes to cost economy.

a. High

b. medium

c. Average

d. Low

36. In 1986 government helped in formation of small industries development fund

under .

a. IIBI

b. SIDF

c. IDBI

d. ICICI

37. Manufacturing unit having an investment of rupees 25 lakh to 5 crore in plant

and machinery is enterprise.

a. Micro

b. Small

c. Medium

d. High

38. April 1997 the name of industrial reconstruction Bank of India(IRBI) has

been changed to .

a. IIBI

b. SIDF

c. IDBI

d. ICICI

39.After the accounts are finalized , the board of directors of sick industrial

companies must make a reference to BIFR within after finalization of

accounts.

a. 60

b. 90

c. 120

d. 150

40. The entire responsibility of diagnosing, identifying , investigating

,rehabilitating, reviving and ultimately recommending the winding up of such a

sick unit lies with the .

a. RBI

b. SEBI

c. BIFR

d. ROC

41. The main objective of is to determine sickness and expedite the

revival of potentially viable units or closure of unviable units.

a. SICA

b. BIFR

c. CERA

d. SEBI

42. establishes and elaborate regime to deal with sick industrial units.

a. SICA

b. BIFR

c. SEBI

d. CERA

43. Board for Industrial and financial reconstruction (BIFR) was functional with

effect from 15th May .

a. 1977

b. 1987

c. 1997

d. 2007

44. BIFR has been replaced by .

a. NCLT

b. NLTC

c. TLNC

d. CTLN

45. The full form of NCLT .

a. National Company Law Tribunal

b. Net companies local Tribunal

c. National Company Local Tribunal

d. Network Company law tribunal

46.Any appeal against the order of NCLT will be made to the .

a. NCLAT

b. BIFR

c. SICA

d. FIR

47. Excise loan policy of government was introduced in .

a. November 1989

b. October 1989

c. December 1988

d. September 1989

48. Which was one of the reason of low success of BIFR .

a. late reporting of sickness to the BIFR

b. bringing about a change in its management

c. providing soft loan to the company

d. Increase in risk

49.The government of India has set up a in order to tackle the

problem of sickness in industries.

(a) BIFR

(b) RBI

(c) Banks

(d) RRB

50. SICA was replaced by .

a. Sick industrial companies (Special Provision) repeal Act ,2003.

b. BIFR

c. Sick industrial Companies Act 1956

d. BPR Growth and Development

51. BIFR or the operating agency as the case may be shall complete the enquiry

within days from the commencement of enquiry.

a. 60

b. 90

c. 15

d. 30

52.The main elements of the sickness prevention system at the entrepreneur lever

are .

a. Government and partner

b. Management Board and Partners in enterprise

c. Employees and employer

d. Clients

53.The __________ Symbols which are interlinked together with arrow showing

the process flow diagram.

A. process

B. Flowchart

C. Push

D. Pull

54.___________ Visually depicts the sequence of events to built a product or

produce and outcome it may include additional information is a cycle time

inventory and equipment information.

A. Flowchart

B. Process Mapping

C. Training

D. Business Process

55. ___________ Is the process of comparing one business process and

performance with other company or Industries leaders which has dimensions of

quality time and cost.

A. Flowchart

B. Benchmarking

C. Training

D. Business Process

56.______ is a types of benchmarking process of comparing operations from

unrelated industries.

A. Internal

B. competitive

C. Functional

D. Generic

57. JIT means_______.

A. Just in Through

B. Just in Tunnel

C. Just in Type

D. Just in Time

58. ZEN means ___________.

A. to love

B. to see

C. to GOOD

D. to develop

59. ____________ Formulation and implementation of a strategic plan and a set of

actions for corporate renewal and restructuring typically during times of

severe Corporate financial distress.

A. sick unit

B. Turnaround Management

C. TQM

D. BPR

60. ________ Means uniform quality products are maintained as per customer

expectations.

A. Cost

B. Quality

C. Speed

D. Management

61. _________ Concept of organization wide efforts to install and make permanent

a climate in which an organization continuously improve its ability to deliver a

high-quality product and services to customers.

A. Cost

B. TQM

C. Speed

D. Management

62.________ Is defined as a unit of a company have been in existence for not less

than 25 years notice found at the end of any financial year who have improved

accumulated losses equal to or exceeding its entire net worth.

A. Sick industrial unit

B. Unit

C. Company

D .Organization.

63. _________ tool used in TQM.

A. IT TOOLS

B. Statistical Process control

C. MIS

D DIS.

64.Which among the following is 6 C’s of TQM .

A. Process

B commitment

C. empowerment

D. satisfaction

65._________ Honesty, truth, reliability, values and loyalty to the park and

sincerity

A. Teamwork

B. training

C. trust

D. Integrity

66.______________ is the last and final element in the communication model of

TQM.

A. Training

B. teamwork

C. Leadership

D. Recognition

67. _________ is the expansion strategy.

A. Spin off

B. Split off

C. Merger

D. Liquidation

68. JIT is a philosophy ______________ improvement in which non value adding

activities or wastage are identified and removed for reducing cost of improving

quality improving performance and improving delivery.

A. regular

B. late

C. last

D. continuous

69. Justin Time system keeps ___________cost to a bare minimum release the

storage space results in better utilization of space and thereby wears a favorable

impact on the rent paid and insurance premium that would otherwise need to be

made.

A. Stock Holding

B. Stock recover

C. stock reverse

D. stock remark

70. ____________ in flowchart process denotes to be a carried out.

A. Flow line

B. Rectangle

C. Diamond

D. oval

71. ________________ Representation gives a step by step and systematic step

solution to a given problem in the flowcharts.

A. Diagrammatic

B. Shapes

C. Process

D. Method

72. Process mapping helps in identifying various ________ in the production.

A. waste

B. wear

C. warm

D. worm

73._________ Setting standards and then continuously improving those standards.

A. Kaizen

B. TQM

C. BPR

D. leadership

74. __________ is about building a culture where all employees are actively

engaged in suggesting and implementing improvements to the company.

A. Kaizen

B. TQM

C. BPR

D. leadership

75._________ Method takes its name from the first letter of the each of the

following operations is a Japanese management technique derived from the Toyota

production system it is based on 5 simple principles.

A. 3s

B. 5s

C. 6s

D. 7s

76.__________ system as a whole minimizes waste and improves efficiency

ensuring that workers are spending time doing productive task rather than looking

for the misplaced tools sorting unnecessary through stacks of waste material.

A.3s Programme

B. 5s programme

C. 6s Programme

D 7s Programme

77. ___________ Manufacturing increase the “right first time” conception that

inspection cost and the cost of rework is minimized.

A.JIT

B.BPR

C. Leader

D. Waste

78.______________ Can help identify areas, system of process for improvements

it may be one of event but is often treated as a continuous process in which

organized and conditions please speak to improve their practices.

A. Benchmarking

B.BPR

Mapping

D. Process owners

79. ____________ Bring a number of useful ideas and skills to BPR project.

A. External consultant

B. Reengineering Teams

C. BPR leaders

D mapping

80.SICA full form______________________.

A. Some Industrial companies Act

B. Sick Industrial Companies Act

C. Surplus Industrial Companies Act

D. Singh Industrial Companies Act

81.___________ Important driver that leads to BPR adoption.

A. Change

B. Customer

C. Competition

D. Commitment

82. are the ones who hire some individual in their organizations and

specialize in one particular area of freelancing.

A Independent freelancers

B Part time freelancers

C Temporary freelancers

D Freelancers company

83. Real estate agent lawyers travel agent financial advisor etc are the examples

of .

A SOHO

B Freelancer

C Self financing

D Outsourcing

84. is a very small office set- up with limited operations and

equipment.

A. Self financing

B. Freelancer

C. SOHO

D. Outsourcing

85. Contacting with another company or person to do a particular work or

function .

A Networking

B Outsourcing

C Franchising

D Freelancers

86. Risk of exposing confidential data to others is the drawback of .

A. A Networking

B Outsourcing

C Franchising

D Freelancers

87. helps to strengthen the relationship among the people.

A Networking

B Outsourcing

C Franchising

D Freelancers

88. Being visible and getting noticed among many people is the big benefit of .

A Freelancers

B Outsourcing

C Franchising

D Networking

89. A Person who grants another party the right to use its trademark or trade name

and business systems and processes is known as .

A Franchisee

B Franchisor

C Franchising

D Franchising company

90. is a person who runs the purchased business by providing time

and capital.

A Franchisee

B Franchisor

C Franchising

D Franchising company

91. had provided a lot of opportunities for both the employers and

the freelancers.

A Internet

B Technology

C Companies

D Community

92. The demand for specialized skills is increasing so the need for

talented freelancers is also increasing.

A. Marketing

B. IT

C. Business

D. Entrepreneurship

93. is an individual who rather than working as an employee, runs

a small business and takes all risk and reward of his business.

A Freelancer

B Franchising

C Entrepreneur

D Outsourcing

94. Tyre store is an example of franchising.

A Product franchise

B Manufacturing franchise

C Business format franchise

D Distribution franchise

95. is one of the easiest, fastest and lowest cost way to start working

as per own will.

A Franchising

B Freelancing

C Outsourcing

D Self financing

96. Start a new venture in response to any need or problem in

the market.

A Startups

B Self financing

C Entrepreneurship

D Franchising

97. LinkedIn in is an example of Networking.

A Social

B Business

C Personal

D Educational

98. Limit on the size and scope of business at the startup level for entrepreneurs is

the disadvantage of .

A Startups

B Self financing

C Entrepreneurship

D Franchising

99. Myspace.com is example of .

A. business networking

B. educational networking

C. personal networking

D. social networking

100. Bar Council of India is the example of .

A. Professional Association

B. Trade Organization

C. Committee organization

D. Multinational organization

101. can be termed as primary activities any business.

A Primary activities

B Secondary activities

C Core activities

D Non-core activities

102. Companies usually outsource their activities.

A. Primary activities

B. Secondary activities

C. Core activities

D. Non-core activities

103. Tried and tested products and services if one of the advantage of .

A. networking

B. franchising

C. freelancing

D. self financing

104. Flexibility of location and schedule is the benefit of .

A. networking

B. franchising

C. freelancing

D. self financing

105. means a small office environment which is often privately

owned and operated by self employed individuals.

A. SOHO

B. franchising

C. freelancing

D. outsourcing

106. is one of the cost saving strategies for the companies by

which they do not produce something that is non-core for them.

A. Networking

B. Franchising

C. Freelancing

D. Outsourcing

107. Twitter.com facebook.com myspace.com etc example of .

A. online business networking

B. online social networking

C. professional Association

D community organization

108. is the process of starting own business.

A. Startup

B. Entrepreneurship

C. Freelancing

D. Franchising

109.____________________ team needs to have technical knowledge along with

management skills.

A.HR Team

B. Product Team

C. Sales team

D. Finance Team

110. During the Turnaround process, Product Team has to work with

_______________________ to get the right products build.

A. Engineering Team

B. Marketing Team

C. Sales team

D. Supply Chain Team

111. During the Turnaround process, Product Team has to work with

_______________________ to know about market and sales strategies.

A. Engineering Team

B. Marketing Team

C. Sales team

D. Supply Chain Team

112. During the Turnaround process, Product Team has to work with

_______________________ to have flair of preference of the customers.

A. Engineering Team

B .Marketing Team

C. Sales team

D. Supply Chain Team

113. During the Turnaround process, Product Team has to work with

_______________________ to understand their logistics, procurement etc.

A. Engineering Team

B. Marketing Team

C .Sales team

D. Supply Chain Team

114.______________ Department is the profit Centre.

A. Finance

B. Marketing

C. Sales

D. Supply Chain

115. A __________________ team is a link between the organization and its

customers.

A. Engineering Team

B. Marketing Team

C. Sales team

D. Finance Team

116.___________________ team is required to have functional as well as

business knowledge.

A. HR Team

B. Product Team

C. Sales team

D. Finance Team

117. A ____________________ team’s role is much broader and more creative

than mere of cost-cutting activity.

A.HR Team

B. Product Team

C. Sales team

D. Finance Team

118.____________________ is a broad range of activities required to design,

plan, execute, control, and monitor a product’s flow in order to create value.

A.HR

B. Product

C. Sales

D.SCM

119.____________________ Skills include the ability to communicate and also to

relate to others.

A. People

B. Creativity

C. Focus

D. Resilience

120.___________________ Skills include the ability to apply unique and creative

methods in their way of working.

A. People

B. Creativity

C. Focus

D. Resilience

121.____________________ Skills need to have a proper balance between the end

results of the project along with focusing on the people aspect.

A. People

B. Creativity

C. Focus

D. Resilience

122.____________________ means the ability to recover quickly from difficulty.

A. People

B. Creativity

C. Focus

D. Resilience

123.Turnaround Management Team needs to adopt an

________________________ in order to have a trustworthy environment in the

organization.

A. Open Door Policy

B. Open and Honest Policy

C. Open and Transparent Policy

D. Open Policy

124.Turnaround process cannot be successful without the support and

__________________ of all the Stakeholders.

A. Interference

B. Conversations

C. Decisions

D. Davenport and Short

125. management is a strategic process of shifting an organization

from Loss-making to Profit-making.

A. Turnaround

B. High Level

C. Middle Level

D. Lower Level

126.In ____________________ style the managers focus on facts and figures to

take decisions.

A. Analytical

B. Conceptual

C. Directive

D. Behavioral

127._________________ style is considered to be “Careful Decision Makers”.

A. Analytical

B. Conceptual

C. Directive

D. Behavioral

128. In ____________________ style the managers use their own logic and

expertise to arrive at a decision.

A. Analytical

B. Conceptual

C. Directive

D. Behavioral

129. In ____________________ style the managers focus on long term results and

have creative approach to problem solving.

A. Analytical

B. Conceptual

C. Directive

D. Behavioral

130. In ____________________ style the managers are quite broad in their

outlook.

A. Analytical

B. Conceptual

C. Directive

D. Behavioral

131. change is a deliberate modification in the structure of an

Organization.

A. Planned

B. Unplanned

C. Incremental

D. Deduction

132._________________ Change consists of long-term and large – scale changes

affecting overall structure of the organization.

A. Planned

B. Unplanned

C. Incremental

D. Organization

133. Changes are the radical changes in an organization’s structure.

A. Planned

B. Transformational

C. Unplanned

D. Incremental

134._________________ Changes are the small or minor modifications or

improvements within an Organizations.

A. Planned

B. Unplanned

C. Incremental

D. Organization

135. Changes can also be called as Corrective Changes.

A. Remedial

B. Unplanned

C. Incremental

D. Deduction

136. Expanding the sales to a new market can be example of ______________

Change.

A. planned

B. unplanned

C. developmental

D. incremental

137. skills include complete knowledge of product process, method,

equipment of the specific business function.

A. Technical

B. Organizational

C. Human

D. Production

138. skills include conceptual skills that facilitates decision making,

resource allocation and creativity.

A. Technical

B. Organizational

C. Human

D. Production

139. skills include the ability of the turnaround agents to work

effectively with others as a team.

A. Technical

B. Organizational

C. Human

D. Production

140.To make the strategy successful, it is important to have _______________ in

the managerial Process.

A. Quality

B. Quantity

C. Creativity

D. Product

141. is concerned with good or bad in any situation.

A. Ethics

B. Integrity

C. Trust

D. Training

142. means honesty, truth, reliability, values, and loyalty to the facts

and sincerity.

A. Ethics

B. Integrity

C. Trust

D. Training

143. The outcome of Ethics and Integrity is .

A. Ethics

B. Integrity

C. Trust

D. Training

144. is required for the employees in order to perform their work

efficiently.

A. Ethics

B. Integrity

C. Trust

D. Training

145. To become successful in business, is also a key element of TQM.

A. Ethics

B. Integrity

C. Trust

D. Teamwork

146. it is one of the important element in TQM.

A. Ethics

B. Integrity

C. Trust

D. Leadership

147. means a common understanding of ideas between the sender and

the receiver.

A. Ethics

B. Integrity

C. Trust

D. Communication

148. contributors is the most important job of supervisor.

A. Ethics

B. Integrity

C. Trust

D. Recognizing

149.____________________ in the year 1985 outlined a set of ‘Generic Strategies’

also known as Porter’s generic Strategies.

A. George Terry

B. Koontz and O’Donnell

C. Michael Porter

D. Davenport and Short

150.____________________ is a link between management and the employees.

A. HR Team

B. Product Team

C. Sales team

D. Finance Team