UGC NET Management Dec 2012
1. The term Opportunity Cost refers to
(A) Variable Cost
(B) Short-run cost
(C) The cost forgone in favour of
production of another product
(D) Cost related to an optimum
level of production
2. If two commodities are
complementary, then a rise in the
price of one commodity will induce
(A) A rise in the price of the other
commodity
(B) An upward shift of demand
curve
(C) No shift in demand for the
other commodity
(D) A backward shift in demand
for the other commodity
3. What is the characteristic of a purelcompetitive market ? --A
(A) Large number of buyers and
sellers
(B) A few sellers
(C) A few buyers
(D) Abnormal profit
4.Willingness to pay minus actual payment is called
(A)Consumer’s surplus
(B)Producer’s surplus
(C)Utility cost
(D)Supplier’s surplus
5. Match List – I with List – II and select the correct answer using the codes given below the lists :
List – I List – II
a. Cost Function 1. Kinky
Demand
Curve
b. Supply 2. Isoquants
Function
c. Production 3. Engineering
Function Method
d. Oligopoly 4. Factor Prices
Codes :
a b c d
(A) 3 4 2 1
(B) 4 3 1 2
(C) 3 2 1 4
(D) 1 2 3 4
6. When analysing your business and its
environment, it is useful to carefully
inspect ---D
(A) Threats
(B) Opportunities
(C) Strengths and weaknesses
(D) All of the above
7. Which of the following is an example
of an external threat ?--B
(A) Decreased competition
(B) New Trade Regulations
(C) Global Sales Potential
(D) Economies of Scale
8. Expectancy Theory of Motivation
was propounded by---C
(A) Porter and Lawler
(B) McGregor
(C) Vroom
(D) J. Stacy Adams
9. Which one of the following is not a
step in planning ?--B
(A) Establishing objectives
(B) Developing premises
(C) Determining alternative courses
(D) Identifying needs of employees
10. Planning is looking ahead
control is B
(A) Scanning environment
(B) Looking back
(C) Setting targets
(D) Defining objectives
11. Human Resource Management
(HRM) is a part of the broad Human
Resource Development (HRD)
System, as this focus to
(A) Selection, Induction, Training
and Development
(B) Operational and Organisational
Options
(C) (A) and (B) above
(D) None of the above
12. Performance Appraisal is a double
edged tool to
(A) Create space for the employee
to organisationally survive.
‘ (B) Offering challenges
promotion.
(C) Accompanying the course
Demotion.
(D) All of the above.
13. Wage determination is mostly done
through tools which are
(A) Objective
(B) Subjective
(C) Both of (A) & (B)
(D) None of these
14. Job Evaluation criterion comes from
(A) Job manual
(B) Job description
(C) Job specification
(D) Job duration
15. Exit Policy primarily emphasises in
the broad sense, for policy makers as
(A) Removing employees
(B) Down sizing
(C) Retiring people
Rehabilitating them
(D) Bringing new blood
Corporate
16. The goal of financial management is to
(A) Maximise the
Preference Shareholders
(B) Maximise the
Debentureholders
(C) Maximise the wealth of Equity
shareholders
(D) All of the above
17. The Internal Rate of Return (IRR) is
determined where
(A) the Net Present
positive
(B) the Net Present Value is
negative
(C) the Net Present Value is zero
(D) None of the above
18. The Tax shield would result in
i. increase in tax liability
ii. increase in EPS
iii. decrease in EPS
iv. decrease in tax liability
Codes :
(A) (ii) and (iv)
(B) (i) and (iii)
(C) (i) and (iv)
(D) (iii) and (iv)
19. Which of the following is
method of issue of stocks ?
(A) Vendor placing
(B) Public issue
Prospectus
(C) Private placements
(D) None of the above
20. The Capital Asset Pricing Model (CAPM) establishes the relationship between
(A) Risk and EPS
(B) Risk and value of the firm
(C) Risk and the required rate of return
(D) None of the above
21. ‘Marketing is a human activity directed at satisfying needs and wants through Exchange process’; is the statement of
(A) Cundiff ad Still
(B) Kenneth Andrews
(C) Philip Kotler
(D) Kishwar S. Kan
22. Promotion mix includes--A
(A) Advertising, publicity, personal selling and sales promotion
(B) Physical attributes, brand, package and product life cycle
(C) Brand name, product benefits, delivery and credit
(D) Transportation, material handling, packaging and customer service
23. Which of the following is not the stage of product life cycle ? --C
(A) Introduction
(B) Growth
(C) Market segmentation
(D) Decline
24. Which is the basic form of Innovation ? --D
(A) Introduction of novel production process
(B) Improvement and development of existing process
(C) Improvement and development of existing firm
(D) All of the above
25. The scientific system of collecting and analysis of data pertaining to market is known as--C
(A) Production Research
(B) Advertising Research
(C) Marketing Research
(D) None of the above
26. Which one of the following is not the function of Production Management ? --C
(A) Production, Planning and Control
(B) Procurement of Raw Materials
(C) Market Intelligence and Survey
(D) Plant Location and Layout
27. Time study refers to --A
(A) Developing a standard time to do a particular task
(B) Improving work methods
(C) Value analysis
(D) Value engineering
28. Acceptance Quality level is
(A) Maximum number of defectives that the consumers will accept
(B) Fraction defective(s) that the consumer considers acceptable
(C) Fraction defective(s) that the producer considers acceptable
(D) Maximum number of defectives that the producer will allow
29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to
(A) 50 (B) 49
(C) 15 (D) 14
30. The critical path of a network is
(A) for which earliest start time and
latest start time are same
(B) the shortest time path through a--
network
(C) for which earliest finish time
and latest finish time are same
(D) the longest time path through a
network
31. If a person buys one ticket of a State
lottery, then the probability that he
wins a price is 0.11. If a person buys
one ticket each month for five
months, what is the probability that
he will win least one price ?
(A) 0.55
(B) 0.50
(C) 0.44
(D) 0.56
32. The standard error of the mean of a
random sample of size two or more.
(A) Always exceeds the population
standard deviation.
(B) Either exceeds or equals the
population standard deviation.
(C) Is always lower than the
population standard deviation
(D) Is always equal to the
population standard deviation.
33. A store manager is trying to explore
the relationship between percentage
fat content (Y) and price (X) of
various dairy products. He finds that
the coefficient of determination is
0.4624 and the estimated regression
line is Y = 0.5 – 0.02 X. The
coefficient of correlation would be
(A) 0.68
(B) – 0.68
(C) – 0.02
(D) 0.4624
34. Which of the following statement on
testing of hypothesis is always true ?
(A) When the null hypothesis is
rejected at 5%, it is always
rejected at 1% level of
significance.
(B) When the null hypothesis is
rejected at 1%, it is
rejected at 5% level
significance.
(C) When the null hypothesis is not
rejected at 1%, it is rejected at
5% level of significance.
(D) No definite assertion can be
made.
35. Which of the following devices
would be considered a typical
sequential access medium ? --C
(A) Magnetic Hard Disk
(B) Magnetic Floppy Disk
(C) Magnetic Tape
(D) CD ROM
36. What describes the market, product
and technological areas of business ?
(A) BCG Matrix
(B) GE Nine Cell Matrix
(C) 7’s framework
(D) Company’s Mission
37. Name the factors taken
consideration in Internal Analysis
(A) Firm Resources
(B) Objective, plans and policies of
the firm
(C) The type of business involved
(D) All of the above
38. Diversification is to a new business
area that has no obvious connection
with any of the company’s existing
areas refer to ---C
(A) Forward integration
(B) Backward integration
(C) Conglomerate diversification
(D) Concentric diversification
39. Which business unit
substantial cash surplus due to low
industry growth rate and high profit
share ?---A
(A) Dog
(B) Cash cow
(C) Question mark
(D) Star
40. Who plays an important role in the
success of products and services and
in increasing the marketing share of
the firm in business ?
(A) Functional level Managers
(B) Corporate level Managers
(C) Business level Managers
(D) All of the above
41. Entrepreneurship as a
business was propounded by
(A) Douglas McGregor
(B) Thomas A. Coleman
(C) Joseph A. Schumpeter
(D) Adam Smith
42. Policies related to Revival of Sick
Units are framed by
(A) IIFT (B)
(C) SEBI (D)
43. The book ‘Innovation
Entrepreneurship’ is written by--C
(A) Harold Koontz
(B) Blake and Mouton
(C) Peter F. Drucker
(D) None of the above
44. State Financial Corporation
encourages in
(A) Establishing Industrial Estates
(B) Establishing small and medium
size industries
(C) Establishing
Farms
(D) All of the above
45. Name the Author of Equity Theory
of Motivation. --C
(A) Blake & Mouton
(B) Strube & Garcia
(C) Stancy Adams
(D) Albert Bandura
46. Anything dealing with Ethics in
Business is
(A) good, bad or both, to
business gains
(B) not related to religion
(C) not to focus obligation
(D) killing all types of Unfair
Trade Practices
47. Ethics provide
(A) Consumer Autonomy
(B) CSR
(C) Justice
(D) All of the above
48. Company seeking ethical standard
must purport to
(A) Good Employee Relation
(B) Better Production Portfolio
(C) Economy of Scale
(D) Public Disclosure
Publishing
49. Which of the following is not the act
of Corporate Governance ?
(A) Protecting the interest
shareholders
(B) Protecting the interest
employees
(C) Fudging of Accounts
(D) Paying Taxes
Government
50. Corporate Social Responsibility
(CSR) is looked as the
network of making long
and social relationship of the
corporate with the society. But a
business of which type, as mentioned
below, cannot afford for it, at the first
instance ?
(A) Large Business
(B) Medium Business
(C) Small Business
(D) A Business Start-up
(A) Variable Cost
(B) Short-run cost
(C) The cost forgone in favour of
production of another product
(D) Cost related to an optimum
level of production
2. If two commodities are
complementary, then a rise in the
price of one commodity will induce
(A) A rise in the price of the other
commodity
(B) An upward shift of demand
curve
(C) No shift in demand for the
other commodity
(D) A backward shift in demand
for the other commodity
3. What is the characteristic of a purelcompetitive market ? --A
(A) Large number of buyers and
sellers
(B) A few sellers
(C) A few buyers
(D) Abnormal profit
4.Willingness to pay minus actual payment is called
(A)Consumer’s surplus
(B)Producer’s surplus
(C)Utility cost
(D)Supplier’s surplus
5. Match List – I with List – II and select the correct answer using the codes given below the lists :
List – I List – II
a. Cost Function 1. Kinky
Demand
Curve
b. Supply 2. Isoquants
Function
c. Production 3. Engineering
Function Method
d. Oligopoly 4. Factor Prices
Codes :
a b c d
(A) 3 4 2 1
(B) 4 3 1 2
(C) 3 2 1 4
(D) 1 2 3 4
6. When analysing your business and its
environment, it is useful to carefully
inspect ---D
(A) Threats
(B) Opportunities
(C) Strengths and weaknesses
(D) All of the above
7. Which of the following is an example
of an external threat ?--B
(A) Decreased competition
(B) New Trade Regulations
(C) Global Sales Potential
(D) Economies of Scale
8. Expectancy Theory of Motivation
was propounded by---C
(A) Porter and Lawler
(B) McGregor
(C) Vroom
(D) J. Stacy Adams
9. Which one of the following is not a
step in planning ?--B
(A) Establishing objectives
(B) Developing premises
(C) Determining alternative courses
(D) Identifying needs of employees
10. Planning is looking ahead
control is B
(A) Scanning environment
(B) Looking back
(C) Setting targets
(D) Defining objectives
11. Human Resource Management
(HRM) is a part of the broad Human
Resource Development (HRD)
System, as this focus to
(A) Selection, Induction, Training
and Development
(B) Operational and Organisational
Options
(C) (A) and (B) above
(D) None of the above
12. Performance Appraisal is a double
edged tool to
(A) Create space for the employee
to organisationally survive.
‘ (B) Offering challenges
promotion.
(C) Accompanying the course
Demotion.
(D) All of the above.
13. Wage determination is mostly done
through tools which are
(A) Objective
(B) Subjective
(C) Both of (A) & (B)
(D) None of these
14. Job Evaluation criterion comes from
(A) Job manual
(B) Job description
(C) Job specification
(D) Job duration
15. Exit Policy primarily emphasises in
the broad sense, for policy makers as
(A) Removing employees
(B) Down sizing
(C) Retiring people
Rehabilitating them
(D) Bringing new blood
Corporate
16. The goal of financial management is to
(A) Maximise the
Preference Shareholders
(B) Maximise the
Debentureholders
(C) Maximise the wealth of Equity
shareholders
(D) All of the above
17. The Internal Rate of Return (IRR) is
determined where
(A) the Net Present
positive
(B) the Net Present Value is
negative
(C) the Net Present Value is zero
(D) None of the above
18. The Tax shield would result in
i. increase in tax liability
ii. increase in EPS
iii. decrease in EPS
iv. decrease in tax liability
Codes :
(A) (ii) and (iv)
(B) (i) and (iii)
(C) (i) and (iv)
(D) (iii) and (iv)
19. Which of the following is
method of issue of stocks ?
(A) Vendor placing
(B) Public issue
Prospectus
(C) Private placements
(D) None of the above
20. The Capital Asset Pricing Model (CAPM) establishes the relationship between
(A) Risk and EPS
(B) Risk and value of the firm
(C) Risk and the required rate of return
(D) None of the above
21. ‘Marketing is a human activity directed at satisfying needs and wants through Exchange process’; is the statement of
(A) Cundiff ad Still
(B) Kenneth Andrews
(C) Philip Kotler
(D) Kishwar S. Kan
22. Promotion mix includes--A
(A) Advertising, publicity, personal selling and sales promotion
(B) Physical attributes, brand, package and product life cycle
(C) Brand name, product benefits, delivery and credit
(D) Transportation, material handling, packaging and customer service
23. Which of the following is not the stage of product life cycle ? --C
(A) Introduction
(B) Growth
(C) Market segmentation
(D) Decline
24. Which is the basic form of Innovation ? --D
(A) Introduction of novel production process
(B) Improvement and development of existing process
(C) Improvement and development of existing firm
(D) All of the above
25. The scientific system of collecting and analysis of data pertaining to market is known as--C
(A) Production Research
(B) Advertising Research
(C) Marketing Research
(D) None of the above
26. Which one of the following is not the function of Production Management ? --C
(A) Production, Planning and Control
(B) Procurement of Raw Materials
(C) Market Intelligence and Survey
(D) Plant Location and Layout
27. Time study refers to --A
(A) Developing a standard time to do a particular task
(B) Improving work methods
(C) Value analysis
(D) Value engineering
28. Acceptance Quality level is
(A) Maximum number of defectives that the consumers will accept
(B) Fraction defective(s) that the consumer considers acceptable
(C) Fraction defective(s) that the producer considers acceptable
(D) Maximum number of defectives that the producer will allow
29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to
(A) 50 (B) 49
(C) 15 (D) 14
30. The critical path of a network is
(A) for which earliest start time and
latest start time are same
(B) the shortest time path through a--
network
(C) for which earliest finish time
and latest finish time are same
(D) the longest time path through a
network
31. If a person buys one ticket of a State
lottery, then the probability that he
wins a price is 0.11. If a person buys
one ticket each month for five
months, what is the probability that
he will win least one price ?
(A) 0.55
(B) 0.50
(C) 0.44
(D) 0.56
32. The standard error of the mean of a
random sample of size two or more.
(A) Always exceeds the population
standard deviation.
(B) Either exceeds or equals the
population standard deviation.
(C) Is always lower than the
population standard deviation
(D) Is always equal to the
population standard deviation.
33. A store manager is trying to explore
the relationship between percentage
fat content (Y) and price (X) of
various dairy products. He finds that
the coefficient of determination is
0.4624 and the estimated regression
line is Y = 0.5 – 0.02 X. The
coefficient of correlation would be
(A) 0.68
(B) – 0.68
(C) – 0.02
(D) 0.4624
34. Which of the following statement on
testing of hypothesis is always true ?
(A) When the null hypothesis is
rejected at 5%, it is always
rejected at 1% level of
significance.
(B) When the null hypothesis is
rejected at 1%, it is
rejected at 5% level
significance.
(C) When the null hypothesis is not
rejected at 1%, it is rejected at
5% level of significance.
(D) No definite assertion can be
made.
35. Which of the following devices
would be considered a typical
sequential access medium ? --C
(A) Magnetic Hard Disk
(B) Magnetic Floppy Disk
(C) Magnetic Tape
(D) CD ROM
36. What describes the market, product
and technological areas of business ?
(A) BCG Matrix
(B) GE Nine Cell Matrix
(C) 7’s framework
(D) Company’s Mission
37. Name the factors taken
consideration in Internal Analysis
(A) Firm Resources
(B) Objective, plans and policies of
the firm
(C) The type of business involved
(D) All of the above
38. Diversification is to a new business
area that has no obvious connection
with any of the company’s existing
areas refer to ---C
(A) Forward integration
(B) Backward integration
(C) Conglomerate diversification
(D) Concentric diversification
39. Which business unit
substantial cash surplus due to low
industry growth rate and high profit
share ?---A
(A) Dog
(B) Cash cow
(C) Question mark
(D) Star
40. Who plays an important role in the
success of products and services and
in increasing the marketing share of
the firm in business ?
(A) Functional level Managers
(B) Corporate level Managers
(C) Business level Managers
(D) All of the above
41. Entrepreneurship as a
business was propounded by
(A) Douglas McGregor
(B) Thomas A. Coleman
(C) Joseph A. Schumpeter
(D) Adam Smith
42. Policies related to Revival of Sick
Units are framed by
(A) IIFT (B)
(C) SEBI (D)
43. The book ‘Innovation
Entrepreneurship’ is written by--C
(A) Harold Koontz
(B) Blake and Mouton
(C) Peter F. Drucker
(D) None of the above
44. State Financial Corporation
encourages in
(A) Establishing Industrial Estates
(B) Establishing small and medium
size industries
(C) Establishing
Farms
(D) All of the above
45. Name the Author of Equity Theory
of Motivation. --C
(A) Blake & Mouton
(B) Strube & Garcia
(C) Stancy Adams
(D) Albert Bandura
46. Anything dealing with Ethics in
Business is
(A) good, bad or both, to
business gains
(B) not related to religion
(C) not to focus obligation
(D) killing all types of Unfair
Trade Practices
47. Ethics provide
(A) Consumer Autonomy
(B) CSR
(C) Justice
(D) All of the above
48. Company seeking ethical standard
must purport to
(A) Good Employee Relation
(B) Better Production Portfolio
(C) Economy of Scale
(D) Public Disclosure
Publishing
49. Which of the following is not the act
of Corporate Governance ?
(A) Protecting the interest
shareholders
(B) Protecting the interest
employees
(C) Fudging of Accounts
(D) Paying Taxes
Government
50. Corporate Social Responsibility
(CSR) is looked as the
network of making long
and social relationship of the
corporate with the society. But a
business of which type, as mentioned
below, cannot afford for it, at the first
instance ?
(A) Large Business
(B) Medium Business
(C) Small Business
(D) A Business Start-up
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