India's Economic Activities and GDP Growth
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Questions and Answers

What is the primary reason for the recent growth in India's GDP?

  • Services
  • Manufacturing and Services (correct)
  • Manufacturing
  • Agriculture

    • Which of the following is an example of a service organization?

  • An automobile garage
  • A hotel (correct)
  • A machine tools manufacturer
  • A raw material supplier

    • What is the definition of an operations system?

  • A system that transforms inputs into both tangible and intangible outputs (correct)
  • A system that does not transform inputs into outputs
  • A system that transforms inputs into intangible outputs only
  • A system that transforms inputs into tangible outputs only

    • What is the focus of operations management?

    <p>To minimize costs and maximize revenue through careful planning and control of operations</p> Signup and view all the answers

    What are the types of problems that operations management addresses?

    <p>Both simple and complex problems</p> Signup and view all the answers

    What is the role of transformation processes in operations systems?

    <p>Transformation processes ensure that inputs are converted into useful outputs</p> Signup and view all the answers

    Which of the following best describes the Centre for Monitoring Indian Economy (CMIE)?

    <p>A government agency responsible for collecting data on macroeconomic indicators</p> Signup and view all the answers

    In operations management, how are 'pure product' and 'pure service' typically viewed?

    <p>As two ends of a spectrum</p> Signup and view all the answers

    Do the principles, tools, and techniques of operations management apply to both the manufacturing and service sectors?

    <p>Yes, they apply to both sectors</p> Signup and view all the answers

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