UGC NET Examination Study Material

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...

(1)Cardinal measure of utility is required in (A) Utility Theory (B) Indifference Curve Analysis (C)Revealed Preference (D) Inferior Goods 2. Right-ward shift in Demand Curve indicates (A) A decrease in supply (B) An increase in quantity supplied (C) An increase in supply over the previous year (D) Law of Variable Proportions 3.Which of the following is the condition for equilibrium for Monopolist ? (A) MR = MC (B) MC = AR (C)MR = MC = Price (D)AC = AR (5)Giffen goods are those goods (A) for which demand increases as price decreases (B) which are in short supply (C)which have high elasticity of demand (D) which gives rise to a Cob-Web situation. 5. Match List-I with List-II and select the correct answer using the codes given below the lists. List – I List – II (Demand (Steps involved) Estimation Method) (a) Customer 1. Consumers Interview Interview Method (b) Market 2. Time series Experiment or Cross Method Section Data...

1. Consider a demand curve which takes the form of a straight-line cutting both axes. Elasticity at the mid-point of the line would be ---A (A) 0 (B) 1.0 (C) 1.5 (D) 2.0 2. Price taker firms (A) Advertise to increase the demand for their product (B) Do not advertise, because most advertising is wasteful. (C) Do not advertise because they can sell as much as they want at the current price. (D) Who advertise will get more profits than those who do not. 3. OPEC is an example of the type of producer’s organisation known as a (A) Marketing Board (B) Producer’s Co-operative (C) Trust (D) Cartel 4. Match the following : ----D List – I List – II I. Responsiveness 1. Income of demand to elasticity change in price of demand II. Responsiveness 2. Price of demand to elasticity change in tastes of demand III. Responsiveness 3. Cross of demand to elasticity change in of demand income IV. Responsiveness 4. Taste of demand to elasticity change in price of demand of related...

1. In the case of an inferior commodity, the income elasticity of demand is--C (A) Positive (B) Unitary (C) Negative (D) Infinity 2. The slope of the iso-cost line determined by--A (A)Prices of the two factors (B) Productivity of the two factors (C)Degree of substitutability of the two factors (D) None of these 3. Which one of the following statements is correct or more nearly correct ? ---D (A) An increase in the price of commodity represents a fall in its value (B) Value has nothing to with the price (C)If the price of a commodity falls, its value relative other goods does not change (D) The price of a good is value measured in terms of money 4. The important macro-economic aggregates are ---D (A) Aggregate Consumption (B) Gross Domestic Capital Formation (C) Gross D...

1)Under perfect competition in the long run A)All firms earn normal profits 2)If there is a single buyer it is called---Monopsony 3)Communication can be--Both oral and written 4)What are the operative functions of HRM? Organizing,Directing,Controlling 5)Which one is not a performance appraisal method--Balance score card 6)Selection of persons in an organization is the responsibilty of --Personnel dept 7)Labour welfare facilities were incorporated in which legislation?Factories act 8)Job analysis involves-Job description and job specification 9)Which one of the following represents number of years required to recover the initial investment-Payback period 10)Which of the following is not the element of promotion mix-Place (Correct is Advertising, Personal selling, Publicity ) 11)If a company uses its company name for its entire range of products offered, then it is called- Product line branding 12)Fixed position layout is used when--The operations requires heavy tools and equipment 13)Fi...

26. Effective supervision is an activity of: (a) Organization function (b) Staffing function (c) Direction function (d) Control function Ans. (c) 27. it is the value assigned to the expected benefits for desirable national gains: (a) Cost price (b) Shadow price (c) Real price (d) Opportunity cost Ans. (b) 28. Effective leadership behaviour is a result of following variable: (a) Structure (b) Consideration (c) Environment (d) All of these Ans. (d) 29. Structure variable is synonymous with: (a) Task (b) Relations (b) Style (d) Attitude Ans. (a) 30. Consideration is synonymous with: (a) Task (b) Relations (c) Style (d) Attitude Ans. (b) 31. Match the following: List-I List-II A. Fayol 1. Economy and Society B. Taylor 2. General and Industrial Administration C. Weber 3. Principles of Organization D. Mooney and Reilley 4. Shop Management...

HUMAN RESOURCE MANAGEMENT:MULTIPLE CHOICE QUESTIONS 1. The motion of men implicit in the classical theory lends to generate a kind of employee psyche, which may be described as: (a) Self-development oriented (b) Aggressive (c) Submissive (d) Deficiency-oriented Ans. (c) 2. Who described the phenomenon that each employee engaged in a staff function creates work for his colleagues: (a) W. Wilson (b) Parkinson (c) D. Waldo (d) Creep Ans. (b) 3. Theory is the formulation of universal principles of organization: (a) Classical Tory (b) Human Relation Theory (c) Bureaucratic Theory (d) Scientific Management Ans. (a) 4. “Grapevine” is a term used in relation to: (a) Formal communication (b) Informal communication (c) Both (a) and (b) (d) This term is not used in relation to communication Ans. (b) 5. The authoritarian leadership style goes with: (a) Theory X (b) Theory Y (c) Theory Z (d) None of these Ans. (a) 6. Which of the following will tend to raise the market rate of interest in the long...