Financial Questions and Answers

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General Knowledge Financial Questions with Answers test understanding of finance, banking, and the economy. Common in Banking, SSC, and MBA exams, these questions enhance knowledge about financial systems and markets

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21. "Organisation is a Management Process by which people, functions and physical factors are brought together to form a controllable unit." This definition is given by-

  • Haney
  • Kelling B. Lewis
  • Oliver Sheldon
  • Cornell
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22. Out of the following forms, which form of organisation is the oldest one ?

  • Line and staff organisation
  • Functional organisation
  • Committee organisation
  • Line organisation
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23. "A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it." It is called-

  • Functional organisation
  • Formal organisation
  • Committee organisation
  • Informal organisation
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24. Due to coordination-

  • There is a unity of order
  • There is a unity of direction
  • There is a leadership
  • Employees are motivated
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25. In ‘Direction’ who is given importance ?

  • To machines
  • To paper work
  • To man
  • To production
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26. The Essence of Control is-

  • To take decision
  • To take corrective action
  • To make enquiry
  • To motivate
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27. An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by-

  • All the directors of company
  • All the members entitled to vote there at
  • Majority of members entitled to vote there all
  • None of the above
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28. "The position of a Company Secretary is like that of a hub in a bicycle wheel." This statement shows the-

  • Importance of Company Secretary
  • Rights of Company Secretary
  • Duties of Company Secretary
  • Liabilities of Company Secretary
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29. The first Secretary of the company is appointed by-

  • Shareholders
  • Promoters
  • Government
  • Directors
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30. Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is-

  • Rs. 50 lakhs or more
  • Rs. 1 crore or more
  • Rs. 2 crores or more
  • Rs. 3 crores of more
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