Who gave the surplus value theory of wage ?

  1. David Ricardo
  2. Adam Smith
  3. Karl Marx
  4. F.A. Walker
3. Karl Marx.
WTO is the promoter of Interantional Trade Liberalisation. WTO set and enforce rules for international trade

2. Who gave the systems approach to industrial relations ?

  1. Beatrice Webb
  2. John Dunlop
  3. Eric Trist
  4. Henry Fayol
2. John Dunlop .
One of the significant theories of industrial labor relations was put forth by John Dunlop in the 1950s. According to Dunlop’s System Model of Industrial Relations consists of three agents – management organizations, workers and formal/informal ways they are organized and government agencies

3. Examine the following statements and choose the correct code :

Assertion (A) : Human Resource planning must always be seen within the strategy-making context.
Reason (R) : Human resource planning process removed from the realities of the business will be a waste of time.


  1. Both (A) and (R) are correct.
  2. Both (A) and (R) are wrong.
  3. (A) is correct, but (R) is wrong.
  4. (A) is not correct, but (R) is correct.
1. Both (A) and (R) are correct. .
Both are critical success factors of Human Resource Planning

4. The right to purchase a stated number of shares of a company stock at today’s price at some time in the future is called

  1. Golden parachutes
  2. Gain sharing
  3. Stock-option
  4. Buy Back
3. Stock-option .
Stock options give employees the right to buy a number of shares at a price fixed at grant for a defined number of years into the future. Restricted stock and its close relative restricted stock units (RSUs) give employees the right to acquire or receive shares, by gift or purchase, once certain restrictions, such as working a certain number of years or meeting a performance target, are met.

5. Which term refers to payments companies make in connection with a change in ownership or control of a company?

  1. Gain sharing
  2. Minority Interest
  3. Goodwill
  4. Golden parachutes
4. Golden parachutes .
Golden parachutes are a form of compensation paid to key executives in the event that a public company is sold and the key executives lose their jobs or have their responsibilities sharply curtailed. Typically, a golden parachute is set up at a time when a merger or acquisition deal is not about to occur.

6. A training technique in which trainees are first shown good management techniques in a film, are asked to play roles in a simulated situation, and are then given feedback and praise by their supervisor is known as.

  1. Behaviour modelling
  2. Role playing
  3. In-house development center
  4. Management game
1. Behaviour modelling .
Behavior modeling involves (1) showing trainees the right or model way of doing something (2) letting trainees practice that way, and then (3) giving feedback on the trainees’ performance. Behavior modeling training is one of the most widely used, well researched and highly regarded psychological based training interventions.

7. The procedure for determining the duties and skill requirements of a job and the kind of person who should be hired is called as

  1. Job description
  2. Job analysis
  3. Job specifications
  4. Job Evaluation
2. Job analysis .
The procedure for determining the duties and skill requirements of a job and the kind of person who should be hired for it is Job analysis. A job analysis is a process used to collect information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.

Share with friends