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Q1:

2024

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

Identify the function of management highlighted in the above case.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 1

Q2:

2024

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

If the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.' Identify the significance of managerial function highlighted in this statement.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 2

Q3:

2024

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed.' Identify the significance of managerial function highlighted in this statement.

Answer options
Option 2
Correct Answer
Explanation for 2024 BST question 3

Q4:

2024

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding.' Identify the significance of managerial function highlighted in this statement.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 4

Q5:

2024

Planning

Medium

A Maharatna Company, Indian Oil

Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.

  1. It plans to increase its business operations all around the world.
  2. The company plans to invest ₹ 20,000 crore in 2017 – 18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to ₹ 20,000 crore, including around ₹ 16,000 crore in various Indian projects and an acquisition for upstream in Russia.
  3. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals.
  4. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals.
  5. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.

Manager can look into the future and make a choice from amongst various alternative courses of action.' Identify the significance of managerial function highlighted in this statement.

Answer options
Option 4
Correct Answer
Explanation for 2024 BST question 5

Q6:

2023: 22 June Shift 1

Planning

Medium

Zicon Ltd. has recently set a target of becoming market leader in sale of smart TV. Arrange the steps in the process of planning which will follow after setting of targets :

A. Identifying alternative courses of action

B. Implementing the plan

C. Evaluating alternative courses

D. Selecting an alternative

E. Developing premises

Choose the correct answer from the options given below :

Answer options

Q7:

2023: 22 June Shift 1

Planning

Easy

"Planning is an Activity which enables a manager to look ahead and anticipate changes." Identify the point of Importance of Planning.

Answer options

Q8:

2023: 22 June Shift 1

Planning

Medium

Match List I with List II

LIST ILIST II
A. ObjectivesI. General Statements
B. StrategyII. Routine steps
C. PolicyIII. Comprehensive plan
D. ProcedureIV. End point of planning

Choose the correct answer from the options given below:

Answer options

Q9:

2023: 11 June Shift 3

Planning

Easy

A comprehensive plan for accomplishing an organisation objectives is known as ________ .

Answer options

Q11:

2023: 11 June Shift 3

Planning

Easy

"Plans once drawn with specific goals, the managers may not be in position to change it". Which limitation of planning is discussed in the above statement.

Answer options

Q12:

2022: 28 May Shift 2

Planning

Easy

Which of the following is not a Limitation of Planning ?

Answer options

Q13:

2022: 28 May Shift 2

Planning

Medium

Arrange the steps of Planning Process in a proper order :

(A) Implementation of plan and follow-up action

(B) Developing Premises

(C) Identification and evaluation of alternative courses of action

(D) Setting up of objectives

(E) Selecting an alternative

Choose the correct answer from the options given below :

Answer options

Q14:

2022: 28 May Shift 2

Planning

Medium

Match List - I with List - II.

List - IList - II
(A) Objectives(I) Specific Statements
(B) Rules(II) Routine steps on how to carry out activities
(C) Procedure(III) Provide the Broad Contours of business
(D) Strategy(IV) Desired Future Position

Choose the correct answer from the options given below :

Answer options

Q15:

2022: 6 Oct Shift 1

Planning

Medium

Mr. Raj is the MD of the wrist watch company. He has systematically divided the work among all the departments to ensure clarity in thought and action, so that work is carried on smoothly without any interruptions. Identify the importance of planning highlighted in the above case.

Answer options
Option 1
Correct Answer
Explanation for 2022: 6 Oct Shift 1 BST question 15

Q16:

2022: 6 Oct Shift 1

Planning

Medium

"Planning is decided in advance what to do and how to do". Choose the correct sequence of steps to make the process of planning

A. Developing premises

B. Follow up action

C. Evaluating alternatives

D. Identifying alternatives

E. Selecting an alternative

Choose the correct answer from the option given below:

Answer options
Option 1
Correct Answer
Explanation for 2022: 6 Oct Shift 1 BST question 16

Q17:

2022: 6 Oct Shift 1

Planning

Medium

Which of the following statements are related to limitations of planning?

A. Planning leads to rigidity

B. Planning is futuristic

C. Planning reduces creativity

D. Planning does not guarantee success

E. Planning involves decision making

Choose the correct answer from the option given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 6 Oct Shift 1 BST question 17

Q18:

2022: 30 Aug Shift 1

Planning

Medium

Arrange the process of planning in correct sequence.

(a) Setting objectives

(b) Identifying alternative course of actions

(c) Developing premises

(d) Selecting an alternative

(e) Evaluating alternative courses

Choose the most appropriate answer from the options given below :

Answer options

Q19:

2022: 30 Aug Shift 1

Planning

Easy

Reena is working in a car manufacturing company. One day she approaches her supervisor to discuss a better procedure of manufacturing the car. But the superior informs her that he is helpless and cannot change the procedure as it is set by the higher level Management. Identify the limitation of planning highlighted here i.e. Planning :

Answer options

Q20:

2022: 30 Aug Shift 1

Planning

Easy

The purpose of planning is to meet future events effectively to the best advantage of an organisation. Identify the feature of planning highlighted here :

Answer options

Q21:

2022: 20 Aug Shift 1

Planning

Medium

Arrange the following steps followed during the planning process in a proper sequence.

A. Developing premises

B. Evaluating alternative courses

C. Selecting an alternative

D. Setting an Objective

E. Identifying alternative courses of action

Answer options

Q22:

2022: 20 Aug Shift 1

Planning

Medium

Match the List I with List II

List IList II
A. Managers are not in the position to change plansI. Planning is a time consuming process
B. Planning essentially involves looking aheadII. Planning involves decision making
C. Planning involves choice from among various alternativesIII. Planning is futuristic
D. Sometimes plans are to be drawn overboards with timeIV. Planning leads to rigidity
Answer options

Q23:

2022: 17 Aug Shift 1

Planning

Medium

Identify the correct sequence of steps involved in the process of planning.

A. Ideal plan having least negative consequences to be selected

B. Specifying quantitative goals to be achieved by the organization

C. Weighing the pros and cons of each alternative course

D. Forecasting based on assumptions relating to the future

E. Identifying all the alternative courses of action available

Choose the correct answer from the options given below:

Answer options

Q24:

2022: 17 Aug Shift 1

Planning

Medium

Aren has completed his studies and now wants to start his own business. He has undertaken the given steps in the planning process. Rearrange them to create the correct process of planning.

A. He has forecasted the demand of his products, interest rate, price of capital goods, tax rate

B. Aren decides to produce in bulk to reduce cost of production

C. Aren found out that increasing price and reducing quality will reduce his customers, but producing in bulk will increase customers

D. Aren sets an objective to earn 20% profit in the first year of business

E. To achieve the target, Aren can reduce price of product or reduce quality of raw material or produce in bulk to reduce cost of production.

Choose the correct answer from the options given below:

Answer options

Q25:

2022: 16 July Shift 2

Planning

Medium

Identify the correct sequence of steps involved in the Planning process.

A. Identifying alternative

B. Selecting an alternative

C. Evaluating alternative

D. Follow up action

E. Implementing the plan

Choose the correct answer from the options given below:

Answer options

Q26:

2022: 16 July Shift 2

Planning

Medium

Identify the step of planning that would also involve organizing for labour and purchase of machinery.

Answer options

Q27:

2022: 16 July Shift 2

Planning

Medium

Employees of a leading Pharmacy company are instructed to follow the plans made by the top management. No one is allowed to act on their own. Identify the limitation of planning in the above mentioned line.

Answer options

Q28:

2022: 15 July Shift 2

Planning

Easy

If there is a plan to increase production then more labour and more machinery will be required. This step would also involve organizing for labour and purchase of machinery. Identify this step in the process of planning.

Answer options

Q29:

2022: 15 July Shift 2

Planning

Easy

From the given options, Identify the statement that best describes planning as a continuous process

Answer options

Q30:

2022: 15 July Shift 2

Planning

Medium

Amrit Lala, MD of Awasthi Ltd, retired after 33 years of service. The responsibility was given to Amit. Amit realized that there was lot of rivalry, confusion and misunderstanding among departmental heads. He detected inefficiencies, took corrective action and developed a master plan for the organisation to follow. This served as basis for coordinating the activities of all the departments, led to clarity of thought and action and the work got a smooth start.

Identify the importance of planning highlighted in the above paragraph.

Answer options