CUET M.Com Entrance 2021
- “Economics is the Science of Wealth” who gave this definition
(a) J.K. Mehta
(b) Marshall
(c) Adam Smith
(d) Robbins - If a point falls inside the production possibility curve, what does it indicate?
(a) Resources are overutilized
(b) resources are underutilized
(c) there is employment in the economy
(d) both (b) and (c) - If a price decrease results in your expenditure on a good decreasing, your demand must be
(a) unit
(b) inelastic
(c) linear
(d) elastic - Management by Objective (MBO) is also known as
(a) Management by goals
(b) Management by results
(c) Management by planning
(d) Management by evaluation - How often should a SWOT Analysis be performed?
(a) Only when the business starts
(b) Only when specific issues need to be addressed
(c) At least once per year
(d) Every 3-5 years - Which feature is connected to Management as an Art?
(a) Universally accepted principles.
(b) Cause and Effect Relationship
(c) Goal – Oriented
(d) Test of Validity and Predictability - What does Milton Friedman believe to be the sole responsibility of business?
(a) The only social responsibility of business is to its shareholders
(b) Managers should act in ways that balance the interest of society and shareholders
(c) The prime responsibility of organizations have is to its employees
(d) The prime responsibility of organizations have is to its shareholders - _____________ is the process of dividing the disk into tracks and sectors.
(a) Tracking
(b) Formatting
(c) Fragmenting
(d) Defragmenting - Which of the following is not a key element of an E-Commerce business model?
(a) Value proposition
(b) Competitive advantage
(c) Organizational Development
(d) Ubiquity - Which of the following memories is non-volatile ?
(a) RAM
(b) ROM
(c) SRAM
(d) Cache - Which IP address is reserved for loop back for local host ?
(a) 192.168.0.0
(b) 127.0.0.0
(c) 127.0.0.1
(d) No such IP address exist - The basic architecture of computer was developed by
(a) John von Neumann
(b) Charles Babbage
(c) Blaise Pascal
(d) Gordon Moore - For any square matrix A, AA’ is a
(a) diagonal matrix
(b) skew-symmetric matrix
(c) symmetric matrix
(d) unit matrix - The point at which the maximum value of x + y subject to the constraints
x+2y ≤ 70
2x+y ≤ 95
X, y ≥ 0
(a) (30, 25)
(b) (20, 35)
(c) (35, 20)
(d) (40, 15) - ∫(x-1) e^(-x) 〗dx is equal to
(a) -xe^x + c
(b) xe^x + c
(c) -xe^(-x) + c
(d) xe^(-x) + c - For effective organizing an organization requires
(a) principle of balance
(b) span of management
(c) organization process
(d) planning and forecasting - The semi-interquartile range is preferred to standard deviation as a measure of dispersion when
(a) sample size is small
(b) distribution is standardized
(c) distribution is highly skewed
(d) range is small - The relationship between AM, GM and HM is
(a) GM = 〖(AM)〗^2 X (HM)
(b) GM = 〖(AM X HM)〗^2
(c) GM = 〖(AM)〗^2 X 〖(HM)〗^2
(d) 〖(GM)〗^2= (AM) X (HM) - The lines of regression intersect at the point
(a) (x, y)
(b) ((x,) ̅ y ̅)
(c) ( 0 0)
(d) - In a fancy dress competition, two judges accorded the following ranks to 8 participants as follows :
Judge X : 8 7 6 3 2 1 5 4
Judge Y : 7 5 4 1 3 2 6 8
the coefficient of rank correlation is
(a) 0.59
(b) 0.62
(c) 0.73
(d) 0.97 - What is the median and standard deviation of a distribution are 50 and 5 respectively, if each item is increased by 4 ?
(a) Median will increases and S.D. will increase
(b) Both will remain same
(c) Median will increases and S.D. will decreases
(d) Median will go up by 4 but S.D. will remain same - Which of the following is not part of the AIDA model?
(a) Attention
(b) Integration
(c) Desire
(d) Action - An Ad copy which informs the target group the fact that the manufacturer is established enough to give them the right goods is
(a) Institutional copy
(b) Straight selling copy
(c) educational copy
(d) expository copy - __________ emerges when people decide to satisfy and want through exchange.
(a) Marketing
(b) Sales
(c) Purchase
(d) Accounting - Which of the following is incorrect about Marketing ?
(a) It creates goodwill and positive brand image
(b) It is the communication of the value of a product or service to customer in order to sell that product and services
(c) It deals with identifying and meeting only the human needs
(d) It aims at the convergence of organizational objectives and customer needs - Find the most appropriate sequence of life cycle of price for a product, from the initial stage to the mature stage.
(a) Target Price – Penetration Price – Value Based Price – Limit Price – Niche Price
(b) Penetration Price – Limit Price – Value Based Price – Target Price – Niche Price
(c) Penetration price – Target Price – Limit Price – Value Based Price – Nation Price
(d) Penetration Price – Niche Price – Target Price – Limit Price – Value Based Price - While a poor physical distribution system would affect all elements of a company’s marketing mix, the problems associated with a poor system
(a) can usually be solved by investing more money in the system
(b) are usually caused by increased distribution costs
(c) can have a negative impact on customer service and satisfaction
(d) are usually attributed to problems with order processing - An activity and/or material that offers added value or incentive to resellers, salespersons, or consumer is
(a) advertising
(b) personal selling
(c) publicity
(d) sales promotion - A process is said to be in the statistical control if it operates with _________ of variation.
(a) chance causes
(b) assignable causes
(d) both chance and assignable causes
(c) neither chance nor assignable causes - If the trend line with 1995 as the origin is Y= 20.6 + 1.68X, the trend line with origin 1991 is
(a) Y = 34.61 + 1.68X
(b) Y = 34.61 + 6.72X
(c) Y = 20.6 + 6.72X
(d) Y = 13.88 + 1.68X - Which one of the following canons of taxation was not advocated by Adam Smith?
(a) Canon of equality
(b) Cannon of certainty
(c) Canon of fiscal adequacy
(d) Canon of convenience - The Indian Tax System is
(a) proportional
(b) progressive
(c) regressive
(d) degressive - Which of the following are the causes of public debt of a country?
(a) War or War preparedness including nuclear programming
(b) To cover the budget deficits on current accounts
(c) To undertake public welfare schemes
(d) All of the above - The principle of maximum social advantage was introduced by
(a) Hugh Dalton
(b) Adam Smith
(c) Franco Modigliani
(d) Sir Arthur Lewis - In Keynes consumption theory the chief factor that determines consumption expenditure is
(a) Personal income
(b) Relative income
(c) Permanent income
(d) Disposable income - LM curve represents the combination of
(a) Price and output
(b) Demand for money and supply of money
(c) Income and investment
(d) Money supply and investment - According to keynes what causes changes in inducement to invest by entrepreneurs?
(a) MPC and MEI
(b) MEC and MPS
(c) MEC and rate interest
(d) MPC and rate of interest - Which type of economic can be termed as laissez- faire economy ?
(a) Mixed economy
(b) Socialist economy
(c) Command economy
(d) Capitalist economy - Who is the current Chairperson of Niti Aayog ?
(a) Sh. Narendra Modi
(b) Smt. Nirmala Sitharaman
(c) Sh. Shaktikant Das
(d) Dr. Arvind panagariya - The concept of Five-Year Plan was borrowed from which country?
(a) The USA
(b) England
(c) Russia
(d) France - In game theory, a choice that is optimal for a firm no matter what its competitors do is referred to as
(a) the dominant strategy
(b) the game-winning choice
(c) super optimal
(d) a gonzo selection