Nature and Significance of Management — Business Studies STD 12 Commerce — Question

New Industrial Policy was launched in July 1991 because India was suffering from a huge crisis situation. These situations necessitated to take immediate policy action as the country was the verge of defaulting on international financial obligations. What was the position of foreign exchange reserves during that time?

What is the objective of ‘employment interview’ as one of the steps of selection process?

It is defined as the management function of hiring and developing the required personnel to fill in various positions in the organisation. Mention the term.
Or
It is described as the managerial function of filling and keeping filled the positions in the organisation structure. Which function of management is referred here?

Give any one difference between Management principle and values.

Give one benefit of training to the organisation.

Upasana filed a case against 'Volvo Ltd.' in the State Commission'. But she was not satisfied with the orders of the 'State Commission'. Name the authority to which she can appeal against the decisions of 'State Commission'.

The objective of method study is to determine the standard time required to perform a certain job. (True/ False)

Name the method of training in which trainees learn on the equipments they will be using.

Enumerate the types of communication on the basis of organisational relationship.

"They don't sell, but they induce customers to make sales". Identify the concept stated in the statement.