Attempt CAIIB ABFM Module A Practice Quiz & Download PDF

1. According to F.W. Taylor, management is best described as:

2. Which of the following correctly represents the primary functions of management in the correct sequence?

3. Statement 1: The Classical School of management placed greater emphasis on production efficiency and centralized authority. Statement 2: The Neoclassical School focused primarily on quantitative models and mathematical optimization. Statement 3: The Systems School views the organization as an open system that interacts with its external environment. Which of the above statements is/are correct?

4. A regional bank manager observes that employees are increasingly stressed due to rapid digital transformation, regulatory changes, and customer expectations simultaneously. This scenario best illustrates which of the following management challenges?

5. Which management thinker proposed the 14 Principles of Management including division of work, authority, discipline, unity of command, and unity of direction?

6. In strategic management, which of the following correctly describes the relationship between mission, vision, and objectives?

7. A bank is conducting a PESTLE analysis before launching a new digital lending product. Under which PESTLE dimension would the following factor be classified: ‘The RBI has issued new guidelines mandating enhanced KYC norms for digital loan approvals’?

8. Match the following management approaches with their key characteristics.

9. Which of the following statements about Management by Objectives (MBO) is INCORRECT?

10. What is the correct sequence of Management by Objectives (MBO) in practice?

11. A commercial bank’s board has approved a 5-year strategic plan with clear profitability targets. The branch managers are asked to prepare operational plans for the next quarter aligned with this strategy. This reflects which relationship in planning?

12. Which of the following is NOT a disadvantage of planning?

13. Contingency planning is most valuable in which of the following scenarios?

14. Assertion (A): Forecasting is an essential element of the planning process in management. Reason (R): Accurate forecasting allows managers to make decisions based on expected future conditions rather than reacting to past events.

15. A bank’s top management has decided that all lending decisions above Rs. 50 crore must be approved at the Head Office level. This reflects which principle of organizing?

16. Which of the following statements correctly distinguishes between Authority and Responsibility in an organizational context?

17. A newly promoted branch manager has the formal authority to approve loans but lacks the informal acceptance from experienced staff. This gap represents which concept?

18. Match the types of organizational structures with their key characteristics.

19. An organization’s informal communication network where information travels rapidly and often with some distortion is called:

20. Which of the following principles of organizing ensures that each employee receives orders from only one superior, preventing confusion and conflict?