CSS Special Exam Past Paper 2023 British History MCQs (Part 1)
CSS | Past Paper | Group 4 | 2023 | Part 1 | MCQs | Special Exam
Below are the solved multiple-choice questions (MCQs) from the CSS Special Exam Past Paper 2023 British History MCQs (Part 1). Each question includes all the options, the correct answer is bolded, and a short explanation is provided for clarity.
1. The responsibility of the operations manager includes:
(A) Planning, organizing, staffing, leading, and controlling
(B) Designing and operating
(C) Planning, organizing, staffing, procuring, and reviewing
(D) None of these
💡 Operations managers focus on designing systems and operating processes efficiently.
2. Stability strategy is a __________ strategy.
(A) Corporate Level
(B) Business Level
(C) Strategic Level
(D) None of these
💡 Stability strategy applies at the corporate level when firms aim to maintain current operations.
3. Which of the following statement is false?
(A) Organizations are now less hierarchical in nature.
(B) Organizations are now generally focusing upon domestic rather than international matters.
(C) Organizations have adopted more flexible norms.
(D) None of these
💡 Modern organizations are increasingly global, not just domestic-focused.
4. Job Characteristics Model is proposed by:
(A) Hockman and Coldham
(B) Hockman and Oldcham
(C) Hackman and Oldham
(D) None of these
💡 Hackman and Oldham developed the Job Characteristics Model to enhance job design.
5. The prime objective of Financial Manager is:
(A) Profit Maximization
(B) Shareholder’s wealth maximization
(C) Ensuring financial discipline in the firm
(D) None of these
💡 Wealth maximization ensures long-term growth and value creation for shareholders.
6. __________ of the firm is the result of trade-off between risk and return.
(A) The Face Value
(B) The Book Value
(C) The Market Value
(D) None of these
💡 Market value reflects the risk-return trade-off in investments.
7. __________ is a form of security which is also known as variable income security.
(A) Bonds
(B) Ordinary Shares
(C) Preference Shares
(D) None of these
💡 Ordinary shares yield variable dividends depending on profits.
8. If a company issues bonus shares to its shareholders, then the debt equity ratio will:
(A) Remain Unchanged
(B) Decline
(C) Improve
(D) None of these
💡 Bonus shares only reallocate equity, leaving debt-equity unchanged.
9. _______ form of market efficiency states that current prices fully reflect the historical sequence of prices.
(A) Weak
(B) Semi-Strong
(C) Strong
(D) None of these
💡 Weak-form efficiency says stock prices reflect all past trading information.
10. __________ is the minimum required rate of earnings or the cut-off rate of capital expenditure.
(A) Cost of Capital
(B) Working Capital
(C) Equity Capital
(D) None of these
💡 Cost of capital sets the benchmark return for investments.
11. __________ is the first step in capital budgeting process.
(A) Screening the proposal
(B) Implementing the proposal
(C) Analyzing the proposal
(D) None of these
💡 Projects are first screened before detailed analysis in capital budgeting.
12. Security of assets is determining factor for using:
(A) Cost of Capital
(B) Debt Capital
(C) Equity Capital
(D) None of these
💡 Lenders assess asset security before granting debt capital.
13. Which of the following observations concerning a “reference price” is true?
(A) Reference price is the company’s cost to produce the product.
(B) Reference price is set by regulators.
(C) Demand may increase if a firm’s price is lower than a customer’s reference price.
(D) None of these
💡 Customers compare with a reference price; lower prices increase demand.
14. Budgeting for promotion expenditures by computing a percentage of past or expected sales:
(A) Is the most common method of setting the promotion budget.
(B) Is a complex method of budgeting.
(C) Will increase promotional expenditures when business is poor.
(D) None of these
💡 Percentage-of-sales method is widely used in promotion budgeting.
15. Regarding promotion blends, which of the following statements is True?
(A) Consumer products producers should rely almost completely on personal selling in the market maturity stage.
(B) Reminding becomes important in the market introduction stage.
(C) More targeted promotion is needed during the sales decline stage of the product life cycle.
(D) None of these
💡 Decline stage requires selective, targeted promotion to maintain demand.
16. The “total cost approach” to physical distribution management:
(A) Seeks to eliminate the storing function
(B) Seeks to minimize the cost of transportation
(C) Might suggest a high-cost transporting mode if storing costs could be reduced enough to lower total distribution costs.
(D) None of these
💡 Total cost approach balances all logistics costs to minimize total expense.
17. For coordinating logistics activities among firms, which of the following statements is True?
(A) Wholesalers in the channel should coordinate storage activities.
(B) Competitive firms usually share logistics coordination similarly.
(C) Retailers in the channel should coordinate transportation activities.
(D) None of these
💡 No single actor consistently coordinates; depends on the supply chain context.
18. Just-in-time (JIT) delivery:
(A) Is always the best approach.
(B) Reduces customers’ physical distribution costs.
(C) Requires customers to have high quality standards in physical distribution activity.
(D) None of these
💡 JIT demands strict quality and timing to reduce inventory costs.
19. In international markets, a firm can sell its management and marketing know-how while letting locals own the production and distribution facilities by using:
(A) Exporting
(B) Joint venturing
(C) Management contracting
(D) None of these
💡 Management contracting lets firms export know-how without ownership.
20. Which of the following statements about the cost and value of information is False?
(A) Managers rarely get all the information they would like to have.
(B) Money may be wasted if a manager ignores the facts revealed in a marketing research study and bases decisions on guesswork.
(C) The cost of gathering additional information is always justified by its value.
(D) None of these
💡 Information can be too costly; not always justified by its value.
📘 Benefits of Practicing These MCQs
- ✅ These CSS Special Exam Past Paper 2023 British History MCQs are compiled from authentic FPSC CSS past papers to match the real exam format.
- 💬 Practicing this CSS Special Exam Past Paper 2023 British History MCQs set builds strong conceptual clarity for upcoming CSS exams.
- 🧾 Every question in this CSS Special Exam Past Paper 2023 British History MCQs collection follows the official CSS exam syllabus approved by FPSC.
- 📊 Students appearing in CSS Special Exam 2023 can rely on these British History MCQs for focused and authentic revision.
- 🔍 The solved CSS Special Exam Past Paper 2023 British History MCQs section includes clear, one-line explanations for quick understanding.
- 🎯 Revise these CSS Special Exam Past Paper 2023 British History MCQs regularly to master key topics from the CSS exam syllabus and boost your score.
- 🏆 These CSS Special Exam Past Paper 2023 British History MCQs are essential for mastering the FPSC exam pattern and achieving success in CSS.
🏁 Final Note
Keep revising these CSS Special Exam Past Paper 2023 British History MCQs to strengthen your grip on important concepts and improve accuracy in upcoming CSS exams. Regular practice with these CSS Special Exam Past Paper 2023 British History MCQs will help you score higher and build full command over the CSS exam syllabus.
👉 Also read CSS Special Exam Past Paper 2023 British History (Part-II Descriptive)
📰 Check out other years’ past papers of British History.
🔗 Check FPSC past papers directly from the official FPSC website.
