Fundamentals of HRM
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 51 rapid-fire Q&A cards.
What are the four basic resources of any organisation?
Men, Money, Materials and Machinery (4 Ms of management).
Why is human resource the active resource among the 4 Ms?
Only people can plan, organise, decide and act; others are passive resources.
Define Human Resource Management (HRM).
Set of policies, practices and programmes designed to achieve personal and organisational goals.
State Frederick Taylor's first key assumption in scientific management.
Any task can be broken down into simple units people can understand and perform.
What motivates people according to Taylor's approach?
Economic motivation — people perform activities in return for money.
Name the five functional groups of HRM using Pareek-Rao's mnemonic.
Smart Systems Manage Competent Processes (S-S-M-C-P framework).
What is the primary role of HRM in modern banks?
Convert men, money, materials and machinery into coordinated team meeting organisational goals.
List three technical attributes required of HR professionals.
Knowledge of performance appraisal, potential appraisal, behavioural sciences, career planning.
MCQ practice tests
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