Planning MCQs with Answers

Question-1. Panchayati Raj system was first adopted by the state

1. Uttar Pradesh
2. Gujrat
3. Rajasthan
4. Go(a)

Question-2. Plan which is firstly discussed in business plan is mostly

1. Marketing plan
2. Financial planning
3. Personnel plan
4. Production plan

Question-3. Planning commission was established by Government of India in:

1. March 1950
2. April 1951
3. May 1950
4. January 1950

Question-4. Planning gives direction, reduces the impact of change, minimises waste and redundancy and

1. establishes chaos among departments
2. sets the basis used for promotion of individuals within the organisation
3. planning guarantees safeguard from external environment
4. sets the standards used in controlling

Question-5. Plans are made for a specific time perio

1. At the end of such time period, new plans have to be drawn. Identify the feature of planning.
2. Planning is pervasive
3. Planning is futuristic
4. Planning involves decision-making(d) Planning is continuous

Question-6. Reliable communication limited scans the business environment and adapt itself to the changes in the environment, yet it becomes difficult to foresee the future trends. Which limitation of planning is related to the above statement?

1. Planning may not work in the dynamic environment
2. Planning reduces creativity
3. Planning is a time consuming process
4. Planning does not guarantee success

Question-7. The power and function of the Panchayats are enlisted in_ of the Constitution.

1. Tenth schedule
2. Eleventh schedule
3. Twelfth schedule
4. Thirteenth schedule.

Question-8. The very first Five year plan of India was based on the model of:

1. Harrod - Domar model
2. Mahalanobis model
3. Bombay plan
4. All of the above

Question-9. Which of the following is an assumption of rationality to rationale decision making?

1. Preferences are clear
2. Final choice will maximize pay off
3. The problem is clear and unambiguous
4. All of the above

Question-10. Which of the following is correct statement?

1. Planning requires systematic and logical thinking rather than guess work.
2. The scope for planning is same at all levels.
3. Planning is an exclusive function of top management.
4. Time factor should not be taken into consideration during planning.

Question-11. Which of the following quality a manager must possess to succeed in planning?

1. Reflective Thinking
2. Imagination
3. Farsightedness
4. All of these

Question-12. Which software provides key performance indicators to help managers monitor efficiency of projects and employees?

1. Management Information System
2. Business Performance Management
3. Enterprise Application Software
4. Online analytical Processing

Question-13. __ is a statement of expected results in numerical terms.

1. Forecast
2. Budget
3. Plan
4. Estimate

Question-14. ___ are relevant to recurring activities.

1. Single-use plans
2. Standing plans
3. Objectives
4. Programmes

Question-15. ___ is a comprehensive plan for achieving its objectives.

1. Strategy
2. Method
3. Rule
4. Policy

Question-16. ___ is a feature of planning also referred to as primacy of planning.

1. Pervasive
2. Primary function of management
3. Continuous
4. Integrating

Question-17. ___ is a standardised way or manner of performing a routine activity considering its objectives.

1. Procedure
2. Method
3. Rule
4. Programme

Question-18. ___ is the type of plan which is time-bound and linked with measurable outcome.

1. Strategy
2. Policy
3. Rule
4. Budget

Question-19. ___ specifies the end to be achieved.

1. Objective
2. Strategy
3. Policy
4. Method

Question-20. Based on National Common Mobility Card standards, India’s first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines.

1. Strategy
2. Programme
3. Method
4. Rule

Question-21. Decision-making is the case of __

1. Planning
2. Organising
3. Staffing
4. Directing

Question-22. Pervasiveness of planning indicates that planning

1. is a top management function.
2. extends throughout the organisation.
3. is a future-oriented activity.
4. is the first element of management process.

Question-23. The basic role of strategy is to provide

1. setting procedures.
2. direction for action
3. direction for motivation.
4. direction for control

Question-24. The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines.

1. Method
2. Strategy
3. Programme
4. Objective

Question-25. Which one of the following is a single-use plan?

1. Strategy
2. Rule
3. Budget
4. Method

Question-26. Which one of the following is a step of planning?

1. Analysis of organisation structure
2. Analysis of environment
3. Analysis of employee behaviour
4. Analysis of employee morale

Question-27. Which one of the following is an importance of planning?

1. Reducing uncertainty
2. Identifying alternatives critically
3. Developing leadership
4. Selecting the most appropriate plan

Question-28. Which one of the following plans prescribes chronological steps for performing activities?

1. Procedure
2. Rule
3. Policy
4. Method

Question-29. First step in planning process is to

1. Setting an objectives
2. Evaluate alternative
3. Determine strength and weakness
4. None of the above.

Question-30. 'All other managerial functions are performed within the framework of the plans drawn. Thus, it can be said that planning preceeds other functions.’’ This statement describes which function of planning?

1. Planning focuses on achieving objectives
2. Planning is pervasive
3. Primacy of planning
4. Planning is futuristic

Question-31. An ideal plan would be one which is most profitable, most feasible and has the least..........

1. positive consequences
2. negative consequences
3. alternatives
4. None of these

Question-32. Economic planning refers to :

1. The allocation of resources
2. The planning of man power
3. The mobilisation of taxes
4. The mobilisation of both taxes and man power

Question-33. For the two statements given below, choose the correct option Statement I Planning seeks to bridge the gap between where we are and where we want to go.Statement II Planning is basically an intellectual activity of thinking.Alternatives

1. Statement I is correct and Statement II is incorrect.
2. Statement II is correct and Statement I is incorrect.
3. Both the statements are correct.
4. Both the statements are incorrect.

Question-34. From which country India adopted the Five year plans:

1. USSR
2. USA
3. Australia
4. Germany

Question-35. In financial plans, the risk-return trade-off is very common. The more risky the investment, the higher the returns it is likely to give. To evaluate such proposals, detailed calculations of earnings, earnings per share, interest, taxes, dividends are made and decisions taken. Identify the step of planning function of management highlighted above.

1. Setting objectives
2. Developing premises
3. Identifying alternative courses of action
4. Evaluating alternative courses

Question-36. Is a rule of thumb that managers use to simplify decision making.

1. Sunk costs
2. Framing
3. Heuristics
4. None of the above

Question-37. Is accepting solutions that are "good enough".

1. Bounded rationality
2. Satisfying
3. Escalation of commitment
4. None of the above

Question-38. Making decisions on the basis of experience, feelings and accumulated judgement is called as

1. Decision making
2. Structured problems
3. Intuitive decision making
4. None of the above

Question-39. On the introduction of 'Goods and Services Tax Act', experts in the field of business started analysing and forecasting its impact on various sectors and industries. Rakesh, an established businessman, attended a few seminars and conferences organised by such experts to familiarise himself with this information. He wanted to use these forecast and conjectures to reduce the uncertainty in making decisions for the future in his business. Name the step in the planning process that is being discussed in the above paragraph.

1. Setting objectives
2. Developing premises
3. Evaluating alternatives
4. Implementing the plan