25 April 2024 RAS Mains Answer Writing

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Subject – Management

Topic – Wealth Maximization, Sources of Finance – Short and Long Term, Capital Structure, Cost of Capital, Distribution of Profit; Banking and Non – Banking Financial Institutions (NBFIs), Stock Market, Multi-National Companies (MNCs), Foreign Direct Investment (FDI), Foreign Institutional Investment (FII), Leadership Theories and Styles, Group Behaviour, Individual Behaviour; Attitude, Values, Team Building; Motivation Theories, Conflict Management, Time Management, Stress Management, Training, Development and Appraisal Systems

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Q1. Differentiate between training and development.(2M)

Answer:

BASISTRAININGDEVELOPMENT
1.ConceptIndicates the process by which attitudes, skills and abilities of employees to perform specific jobs are increased.Development refers to the learning opportunities designed to help employees grow. 
2.NatureIt also includes those activities which bring about growth of the personality, help individuals in the progress towards maturity and actualisation of their potential capacities so that they become not only good employees but better men and womenIt also includes those activities which bring about
growth of the personality, 
help individuals in the progress towards maturity and actualization of their potential capacities so that they become not only good employees but better men and women
3.Focus/PurposeIt is job oriented processIt is career oriented process
4.TimeIt is a short-term process.It is an ongoing process.
5.CenteredIt is work centered.It is person-centered.

Q2. Explain McGregor’s Theory X and Theory Y briefly.(5M)

Answer:

Douglas McGregor’s Theory X and Theory Y are contrasting views of human nature and employee motivation. They represent different assumptions about how people inherently view work and how they should be managed in the workplace:

AspectTheory XTheory Y
AssumptionAssumes that people are generally lazy, dislike work, lack ambition, and are primarily motivated by external rewards and punishments.Assumes that work is natural and can be fulfilling; individuals are capable of self-motivation, self-control, and enjoy being creative.
Management StyleAuthoritarian, with close supervision and controlParticipative, encourages employee involvement in decision-making
CommunicationTop-down, decisions made by higher-ups without much employee involvement.Open and two-way communication, fostering collaboration.
Leadership BeliefEmployees prefer to be directed, need constant supervision, and coercion to work effectively.Employees can be ambitious, seek responsibility, and make significant contributions with the right conditions.

These theories serve as conceptual frameworks for understanding managerial attitudes towards employees and influence organizational approaches to leadership, motivation, and management practices. They were introduced by Douglas McGregor in his book “The Human Side of Enterprise” published in 1960.

Q3. Highlight the major differences between Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII).(5M)

Answer:

FeatureForeign Direct Investment (FDI)Foreign Institutional Investment (FII)
Nature of InvestmentLong-term investment to establish control or significant influence over a company.Short to medium-term investment with a focus on portfolio investment in financial assets.
PurposeStrategic investment to participate in the management and operations of the invested entity.Primarily seeks financial returns and capital gains through buying and selling securities.
Level of ControlGenerally seeks a substantial level of control or influence over the management and decision-making of the invested entity.Does not seek control over the management or day-to-day operations of the invested companies.
Investment DurationInvolves a long-term commitment, often with a horizon of several years.Can involve frequent buying and selling of securities, leading to shorter investment durations.
Sector FocusMay be directed toward various sectors, including manufacturing, infrastructure, and services.Often focuses on equity and debt instruments in financial markets, such as stocks and bonds.
Risk and ReturnInvolves a higher level of risk due to the long-term commitment and exposure to operational and economic risks.Typically involves market-related risks, and returns are influenced by changes in stock and bond prices.
Role in the EconomyFDI is seen as contributing to economic development by bringing in capital, technology, and managerial expertise.FIIs contribute to market liquidity, but their impact on economic development is indirect and depends on market conditions.
Regulatory ApprovalRequires regulatory approvals and compliance with local laws and regulations.Generally subject to market regulations, with fewer restrictions on entry and exit.
Influence on Exchange RatesCan impact exchange rates, especially if it involves substantial capital flows.May cause short-term fluctuations but tends to have a less significant impact on exchange rates compared to FDI.
ExamplesA foreign company establishing a manufacturing plant in another country.Foreign institutional investors buying shares in the stock market of another country.

Q4. सचिव, राजस्थान पाठ्यपुस्तक मंडल, अजमेर की ओर से एक विज्ञप्ति लिखें, जिसमें पुस्तक-विक्रेताओं को पंजीकरण कराने का उल्लेख हो।

Answer:

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