Free CAIIB Online Mock Test


Advanced bank management

1. The concept of Career Anchor has which component?
1
Self-perception of talents and abilities
2
Self perceived motives and needs
3
Self perceived attitudes and values
4
All of the above

Explanation: A “Career Anchor” is a combination of perceived areas of competence, motives, and values relating to professional work choices. It includes talents, motives, values and attitudes which give stability and direction to a person’s career – it is the ‘motivator’ or ‘driver’ of that person. A career anchor is the one element in your self-concept that you will not give up, even in the face of difficult choices.

2. ARENA refers to the part of personality known to 'self' but not known to others.
1
True
2
False

Explanation: ARENA refers to the part of personality, feelings and motivation of an individuals, which are known to 'self' as well as known to others.

3. BLIND refers to the part of personality known to self but not known to others.
1
True
2
False

Explanation: Since the region of personality known to others but not the self is the BLIND quadrant.

4. Which type of following individuals come in Steady State career?
1
Individuals choose a profession, acquire higher skill but do not choose to go up
2
Individuals shift from one job to another without acquiring any excellence
3
Individuals enter into an occupation and develop a plan for upward movement within same profession
4
None of the above

Explanation: Steady-state careers are the traditional careers, where a person after undergoing training enters an occupation, which they may stick to for their entire working life. People may choose a steady-state career because of a committment to their chosen trade or profession.

5. The task of developing systems that deal with people, their problems and organizational dynamics falls in which of the following functions of HRM professional:
1
Supportive role
2
Role of system development and research
3
Managerial role
4
Role of developing competence

Explanation: An organization's HRM function focuses on the people side of management. It consists of practices that help the organization to deal effectively with its people during the various phases of the employment cycle, including pre-hire, staffing, and post-hire. Since the task of developing systems that deal with people, their problems and organizational dynamics falls in the role of system development and research of HRM professional.

6. ______records each and every component of the job which an individual has to perform in a given set-up:
1
Job description
2
Job role or job analysis
3
Job specification
4
Job evaluation

Explanation: A job description is a document that describes the general tasks, or functions, and responsibilities of a position. It may specify the functionary to whom the position reports, specifications such as the qualifications or skills needed by the person in the job, and a salary range.

7. Which of the following Wages cover minimum wages, productivity of worker, prevailing rates, economic scenario etc?
1
Living wages
2
Need based minimum wages
3
Fair wages
4
None of the above

Explanation: Fair Wages are minimum wage rates for specific occupations. They must be paid by contractors doing work for governments with fair wage policies. These policies generally apply to construction, trades and sometimes cleaning and security workers, and are often tied to union wage rates.

8. Which of the following are objective of Job Evaluation?
1
To determine the compensation rates
2
To establish compensation structure
3
To link pay with the requirement of the job
4
All of the above

Explanation: A job evaluation is a systematic way of determining the value/worth of a job in relation to other jobs in an organization. It tries to make a systematic comparison between jobs to assess their relative worth for the purpose of establishing a rational pay structure.

9. Employees' feedback is useful for the organization.
1
True
2
False
10. The term 'halo effect' refers to which of the following situations:
1
A tendency to take into account all traits of the employee while making his performance assessment
2
A tendency to allow one trait of the employee to influence his performance assessment
3
A tendency to allow one trait of the employee at the time of nominating an employee for training or recommending for promotion
4
A tendency to consider all traits of the employee at the time of nominating him for training or recommending his promotion

Explanation: The halo effect is a term used in marketing to explain the bias shown by customers toward certain products because of a favorable experience with other products made by the same manufacturer or maker. The halo effect is a concept driven by brand equity.

11. The term 'appraisal interview' represents which of the following?
1
A Situation where the appraiser asks questions and appraisee gives the answer
2
A meeting in which a committee of 2-3 persons interviews an employee
3
A meeting of the appraiser and appraisee for obtaining information and clarifications for appraising the performance
4
Any of the above

Explanation: An appraisal interview is an exchange between a manager and an employee that is designed to evaluate the employee and create a career development plan.

12. Labor unrest and formation of unions was started because:
1
There was mechanical approach towards the workers
2
More emphasis was given on work
3
Behavior of the workers was totally ignored
4
All of the above

Explanation: Labor unrest is strike action or industrial action undertaken by labor unions, especially where labor disputes become violent.

13. Which of the following statements is false?
1
Human brain is believed to contain pleasurable and painful areas
2
Successful persons have high tolerance for ambiguity
3
Individuals with low-esteem take more risk in their career
4
None is false

Explanation: Since Individuals with high-esteem take more risk in their career.

14. Establishing Training and Development system as part of HRD efforts involves:
1
Identification overtraining needs
2
Conducting and evaluation of training
3
Selection and development of trainers
4
All of the above

Explanation: Human resource management regards training and development as a function concerned with organizational activity aimed at bettering the job performance of individuals and groups in organizational settings. Training and development can be described as "an educational process which involves the sharpening of skills, concepts, changing of attitude and gaining more knowledge to enhance the performance of employees".

15. A market economy is one:
1
In which individuals and private firms make the major decisions about production and consumption
2
In which the government makes all important decisions about production and distribution
3
Both (1) and (2)
4
None of these

Explanation: A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control in which individuals and private firms make the major decisions about production and consumption. So, option(1) is correct.

16. India is a:
1
Capitalistic Economy
2
Socialistic Economy
3
Mixed Economy
4
Laissez-faire economy

Explanation: A mixed economy is defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or markets and economic interventionism. India comes under mixed economy. So, option(3) is correct.

17. Which of the following statement regarding equilibrium with supply and demand curves is not correct?
1
When supply is greater than demand, there is surplus which leads to decrease in price
2
When supply is less than demand, there is shortage which leads to decrease in price
3
When supply is equal to demand, there is equilibrium which keeps the price at equilibrium
4
None of the above is incorrect

Explanation: Since the supply of goods is less than its demand, then the quantity of goods will be short which leads to increase in price of goods in the market. So, option(2) is correct.

18. If there is shift in the demand curve from left to right, without any change in the demand curve:
1
There will be no change in price
2
The price will increase
3
The price will decrease
4
The price can increase or decrease

Explanation: Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.

19. Each point along the market demand curve shows:
1
The quantity of the good that firms would be willing and able to supply at a specific price
2
The relationship between the price of the good and total quantity demanded at a series of prices
3
The opportunity cost of supplying a given quantity of goods to the market
4
The quantity of the good that consumers would be willing and able to purchase at a specific price

Explanation: The market demand curve is the summation of all the individual demand curves in a given market. It shows the quantity demanded of the good by all individuals at varying price points. Since each point along the market demand curve shows the quantity of the good that consumers would be willing and able to purchase at a specific price. So, option(4) is correct.

20. There is no change in price, but quantity demanded decreased. Which of the following, could be the reason, assuming that the good represented is an inferior good:
1
All of the following are correct
2
An increase in buyers' income
3
A decrease in the expected future price of the good
4
An increase in the price of the good

Explanation: In the case of inferior goods income and demand are inversely related, which means that an increase in income leads to a decrease in demand and a decrease in income leads to an increase in demand. So, option(2) is correct.