Question

(a) The first function of management is:
(i) Staffing
(ü) Planning
(iii) Coordination (iv) Organisation
(b) Management principles are:
(i) Static
(ii) Dynamic
(iii) Rigid
(iv) Exact
(c) In India the new Economic policy is applied in
(i) 1998
(ii) 1991
(iii) 1994
(iv) 1996​

Answer 1

Answer:

A. The first and the most important function of management is Planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.

B. dynamic

C. New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time.

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