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  • Question
  • Productivity is the combination of


  • Options
  • A. efficiency and energy
  • B. efficiency and effectiveness
  • C. efficiency and attitude
  • D. effectiveness and resources

  • Correct Answer
  • efficiency and effectiveness 

    Explanation

    Productivity is a result of the way that a business operates ? the result of the way that its people, business processes, different functional units and suppliers come together to meet the needs and wants of its customers.

    Productivity is the combination of intelligent planning and focused efforts and hence, it is a combination of Efficiency and Effectiveness.

    Efficiency :


    Efficiency is an internal measure of performance for companies that shows how well the company converts inputs into outputs. The more the ratio of outputs to inputs approaches 100 percent, the better the efficiency of the process will be. In simple terms, it is ?doing things right? and comes from proper harnessing of time, cost and efforts.

    Effectiveness :


    Organizational effectiveness is an external measure of performance and indicates how well an organization fulfills the demands of various organizational stakeholders. Simply put, it is ?doing the right things."

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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    • Options
    • A. 100
    • B. 200
    • C. 500
    • D. 1000
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    • 3. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

    • Options
    • A. Mutual Fund
    • B. Income Tax
    • C. Stock Exchange
    • D. Banking
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    • 4. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?

    • Options
    • A. 15 days
    • B. 6 months
    • C. 7 days
    • D. 1 year
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    • A. Disha
    • B. Suryoday
    • C. Janalakshmi
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    • Options
    • A. Accounts Receivable
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    • 8. What is CRR rate?
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    • Options
    • A. Public
    • B. Protected
    • C. Default
    • D. Private
    • Discuss
    • 10. In which year, the first bank of India "Bank of Hindustan" was established ?

    • Options
    • A. 1677
    • B. 1770
    • C. 1796
    • D. 1831
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