06 DEC 2021 | Daily Current Affairs for All Exams | Gaurav Chaudhary Sir

Daily Current Affairs 11 Feb 2020 | SSC-CGL, RBI, NDA, SBI, IBPS, Railways, UPSC

The principle of 'equity today does not apply to wages alone. Value to the customer, care for the environment, dealings with business associates would all come under the purview of this principle. Today, we find that Public Sector Undertakings (PSUs) have developed entire townships as, for example, BHEL has developed Ranipur in Herdwar (Uttaranchat). Similarly, Shri Mahila Griha Udyog Lijjat Papad is famous for its quality Papad throughout the world. The organisation which started with a modest loan of Rs. 80 now has a turnover of over Rs. 301 crorr. Its exports exceed Rs. 10 crore. The company has at least 61 branches. The company is synthesis of three core value (or concepts), namely the concept of business, the concept of family and the concept of devotion. All its dealings are carried ot on a sound and pragmatic footing-production of quality goods and at reasonable prices. Besides, its member-sisters donate collectively for good cause from time-to-time according to their capacity. All the affairs of the institution are dealt with in a manner similar to that of a family carrying out its own daily household chores. For the member-sisters employees and well-wishers, the institution is never merely a place to earn one's livelihood-it is a place of worship to devote one's energy not for his or her own benefits but for the benefit of all. In this institution workship. The institution is open to everybody who has faith in its basic concepts. (a) To what aspect of the significance of principles of management would you attribute the endeavours of BHEL and Shri Mahila Griha Lijjat Papad ? (b) Explain any four other points of significance of principles of management.

In a house there are ten 60-watt lamps. Three 40-watt flourorescent tubes and three 40-watt fans. When all these are switched on what is the current drawn from the mains if the supply voltage is 220V? Calculate the power drawn and the cost for using them for 6hours daily in a month of 30 days.( 1 B.O.T. unit costs 30 pasise).