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Q:

People from which state celebrate their harvest festival around Makar Sankranti?

A) Kerala B) Punjab
C) Karnataka D) Tamil Nadu
 
Answer & Explanation Answer: C) Karnataka

Explanation:
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Filed Under: General Awareness

Q:

The following groups of alphabets form a certain pattern with regard to their position in the English alphabetical series. Based upon the pattern, which of the following five alternatives shall replace the question mark?

A) OOP B) PPP
C) SNO D) QLM
 
Answer & Explanation Answer: B) PPP

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

The ratio of earnings of A and B is 4:5. If the earnings of A increase by 20% and the earnings of B decrease by 20%, the new ratio of their earnings becomes 6:5. What are A's earnings?

A) Rs.22,000 B) Rs.27,500
C) Rs. 26,400 D) Cannot be determined
 
Answer & Explanation Answer: D) Cannot be determined

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Sometimes project managers forget all of the expenses that they can incur on a project, such as capital resources and assets. This can have an impact upon their budgets and the economic return on the project. A cost that has been incurred and cannot be reversed is known as a 

A) Fixed Cost B) Direct Cost
C) Variable Cost D) Sunk Cost
 
Answer & Explanation Answer: D) Sunk Cost

Explanation:

Answer D is correct because a sunk cost is a project expense that will eventualy need to be paid. Answer A is incorrect because a fixed cost remains constant, regardless of any change in a company's activity. Answer B is incorrect because direct cost can be directly linked to producing specific goods or services. Answer C is incorrect because a variable cost changes in proportion to a change in the company's activity or business.

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Filed Under: PMP Certification

Q:

One of the goals of management by objectives (MBO) is to ensure that objectives of one level within an organization are supportive of and aligned with the objectives of another level of the organization. This methodology has been popular within some organizations as they define their culture. Which of the following is not true about MBO?

A) It has a top-down orientation B) Corrective actions are not part of the process
C) You need to establish clear and achievable objectives D) MBO is a natural fit for Project Management
 
Answer & Explanation Answer: B) Corrective actions are not part of the process

Explanation:

Corrective actions are part of the process after establishing objectives and checking on the objectives. The next step is to take corrective actions. Answers A, C, D are true statements and therfore are incorrect for this question.

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Filed Under: PMP Certification

Q:

You have started your own company based upon PMI methodologies and have been contracted by the government to develope a new interface for one of its computer applications. You develope a solution and win the bid for the contract but encounter problems at the end of the project when the customer says that you did not fullfill their needs. You are throughly shocked. What is your conclusion of the situation?

A) There are always more customers available B) If the customer is not satisfied, the project is not successful
C) Change control management was not effective D) The customer did not communicate very well
 
Answer & Explanation Answer: B) If the customer is not satisfied, the project is not successful

Explanation:

Answer A is incorrect because without satisfied customers, we do not have potential for new projects. Answer C is incorrect because the change control management process would have likely resolved this problem. Answer D is incorrect because it is the project manager's responsibility to seek communication with the customer to set realistic expectations.

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Filed Under: PMP Certification

Q:

Whenever people are looking for a job, they frequently see "program manager wanted" and "project manager wanted" when reading the job listings in their local newspaper. Which of the following statements best describes the relationship between projects and programs?

A) There are no differences between the two;they are just different terms for the same thing B) A project is composed of one or more related programs.
C) A program is composed of one or more related projects. D) A project is a temporary endeavor, where as a program is permanent
 
Answer & Explanation Answer: C) A program is composed of one or more related projects.

Explanation:

Answer A is incorrect because there is a definite difference between the two terms. Answer B is incorrect because just the opposite is true. Answer D is incorrect because a program is a group of projects, which are temporary endeavors.

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Filed Under: PMP Certification

Q:

Projects come in all sizes and shapes. Many times, project managers must daw from their "toolbox" of processes, tools, or methodologies. How many knowledge areas are described in the Project Management Body of Knowledge ? 

A) 2 - core processes and facilitating processes B) 9
C) 5 - initiation, planning,execution,control, and closing D) 39
 
Answer & Explanation Answer: B) 9

Explanation:

Answer A is incorrect because it pertains to the processes. Answer C is incorrect because these are the five phases of a project. Answer D is incorrect because there are 39 processes, not knowledge areas.

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Filed Under: PMP Certification