Rakesh is working as finance manager in Ajanta Limited. He interprets and communicates the policies framed by the Board of Directors to his personnel. Identify the level of management at which Rakesh is working?

The correct option is Middle Management.

To understand why Rakesh is working at the middle level of management, let us analyze the organizational hierarchy and the functions associated with each level:
1. Top Management: This level consists of the Board of Directors, Chief Executive Officer (CEO), President, and other top-level executives. Their primary role is to frame basic policies, goals, and strategies for the entire organization.
2. Middle Management: This level consists of departmental heads, divisional heads, and functional managers (such as the Finance Manager, Production Manager, or Sales Manager). A key responsibility of middle management is to act as a link between top-level management and lower-level management. They interpret, explain, and communicate the policies framed by the Board of Directors to their respective subordinates and operational personnel.
3. Operational / Supervisory / Lower Management: This level consists of supervisors, foremen, and section officers who directly oversee the workforce and execute the plans according to the instructions of middle management.

Since Rakesh is working as a Finance Manager and his job involves interpreting and communicating the policies framed by the Board of Directors (Top Management) to his personnel, he is performing a classic function of Middle Management.