List - I List - II (a) FIFO (i) Service (b) NOC (ii) Food safety (c) MUF (iii) Personnel (d) QWL (iv) Production (e) CCP (v) Store (f) SOP (vi) Accounting (vii) Purchase
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This question requires matching specific terms from List I to their appropriate categories in List II based on their common usage and definition in business contexts.
| List I Term | List II Category | Reasoning |
|---|---|---|
| (a) FIFO | (v) Store | FIFO, meaning First-In, First-Out, is a fundamental inventory management principle used in Store operations to ensure older stock is used before newer stock. |
| (b) NOC | (i) Service | NOC typically stands for Network Operations Center, which is responsible for monitoring and managing IT infrastructure and related Service delivery. |
| (c) MUF | (vi) Accounting | MUF signifies Material Under Valuation, an adjustment used in Accounting to reflect the true value of inventory, especially during inter-departmental transfers. |
| (d) QWL | (iii) Personnel | QWL stands for Quality of Work Life, a concept focused on employee well-being and job satisfaction, falling under the domain of Personnel management. |
| (e) CCP | (ii) Food safety | CCP represents a Critical Control Point, a key element of the HACCP system used to identify and control hazards in the Food safety management process. |
| (f) SOP | (iv) Production | SOP means Standard Operating Procedure, which provides standardized instructions for carrying out tasks, widely used to ensure consistency in Production processes. |
Which of the following statements regarding the National Food Security Act is incorrect?