CAIIB · ABFM · Chapter 2

The Indian Economy & Indian Financial System

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Business and Financial Management — CAIIB.

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One-liners from this chapter

Free sample — 8 of 113 rapid-fire Q&A cards.

Q

1 — Characteristic / One-line meaning?

A

Characteristic: Pervasive; One-line meaning: Present at all levels (top, middle, lower) and in all departments.

Q

2 — Characteristic / One-line meaning?

A

Characteristic: Futuristic / Forward-looking; One-line meaning: Concerned with the future — a "sneak peek" of what may come.

Q

3 — Characteristic / One-line meaning?

A

Characteristic: Goal-oriented; One-line meaning: Cannot exist without an objective.

Q

4 — Characteristic / One-line meaning?

A

Characteristic: Continuous; One-line meaning: Plans are revised as conditions change — it is a never-ending exercise.

Q

5 — Characteristic / One-line meaning?

A

Characteristic: Intellectual / Mental; One-line meaning: Requires foresight, judgement and decision-making.

Q

6 — Characteristic / One-line meaning?

A

Characteristic: Primary function; One-line meaning: Precedes every other management function.

Q

7 — Characteristic / One-line meaning?

A

Characteristic: Decision-making at its core; One-line meaning: Choosing one course from many alternatives.

Q

8 — Characteristic / One-line meaning?

A

Characteristic: Flexibility; One-line meaning: Must accommodate change; rigid plans fail.

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