Module 1 : Business Management ; Managerial Economics & Business Ethics
Part A: Business Management [Unit – I]
44. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I (Role of Manager)
(A) Informational role
(B) Inerpersonal role
(C) Decisional role
List II (Functions of Manager)
(i) Figure head, leader, liaison
(ii) Disturbance handler, resource allocator, negotiator
(iii) Desseminator, monitor, spokesperson
Code :
(a) (A) – (iii), (B) – (i), (C) – (ii)
(b) (A) – (iii), (B) – (ii), (C) – (i)
(c) (A) – (ii), (B) – (i), (C) – (iii)
(d) (A)- (i), (B) – (iii), (C) – (ii)
77. ‘Gang plank’ breaks which one of the following ?
(a) Cross communication
(b) Scalar chain
(c) mass communication
(d) Vertical communication
Part B: Managerial Economics [Unit–I]
11. A situation where prosperity of one sector leads to the neglect of other sectors is referred to as
(a) Dutch disease phenomenon
(b) British disease phenomenon
(c) Spanish disease phenomenon
(d) French disease phenomenon
35.Monopoly situation in the market is not desirable mainly because the monopolist
(a) is able to charge different prices from different categories of buyers.
(b) is able to earn net revenue in all time periods
(c) will produce below its economic capacity level when it exhibits satisfaction with the normal profit only.
(d) seeks to earn net revenue on the sale of all goods including those involving no cost of production.
60 . Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : A price reduction leads to an increase in the quantity demanded of the commodity.
Reason (R) : It results from price effects comprising income and substitution effects which are always positive
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) Both (A) and (R) are correct and (R) is the right explanation of (A).
67. Indicate the correct code from the following types of the long run average cost curves on which the minimum average cost of production in long run can be determined:
(i)Long run average cost curve under normal production function
(ii)Long run average cost curve under linearly homogeneous production function
(iii)Planning curve
(iv)Envelop curve
Choose the correct answer from the code given below :
Code:
(a) Only (ii), (iii) and (iv)
(b) Only (ii) and (iv)
(c) Only (i), (ii) and (iii)
(d) Only (i), (iii) and (iv)
83. In case there is a rise in general price level along with a declining output in the economy, it is called
(a) Stagflation
(b) Supply push inflation
(c) Inflation
(d) Deflation
86. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : The national interest rate comprises of a real interest rate and an expected rate of inflation, and it adjusts when the inflation rate is expected to change. Hence, in the perfect international capital markets, real rate of returns are equal in the two countries
Reason (R) : The international Fisher Effect states that the nominal interest rate differential must be equal to the expected inflation rate differential in the two countries.
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are correct and (R) is the right explanation of (A).
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) Both (A) and (R) are incorrect.
Part C: Business Ethics [Unit–I]
7. The following statements relate to value based organization.
Choose the correct code for the statements being correct or incorrect.
Satement I : People differ in their choice of values, the enforcement of one group’s value on an individual is an ethical issue. Still there is a good deal of commonality.
Statement II : Ethical codes are statements of the norms and belief of an organisation which are proposed, discussed and defined by the management of the firm which is then published and distributed.
Code :
(a) Both the statements I and II are incorrect.
(b) Both the statements I and II are correct.
(c) Statements II is correct, but I is incorrect.
(d) Statements I is correct, but II is incorrect.
30.Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Archie Carroll’s model speaks of an organisation’s four most basic forms of responsibility in order of priority.
Reason (R) : Economic, legal, ethical, philanthropic responsibilities and their compliance increases brand value and furthers the profit.
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) Both (A) and (R) are correct and (R) is the right explanation of (A).
39. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : The stakeholder model can be used as a tool for managers, who are asked to handle the stakeholders relations as a guide to achieve ultimate goals.
Reason (R) : Corporation is an economic institution which has a social service as well as a profit making function while shareholder control is similar to Adam Smith’s ‘invisible hand’ argument.
Code :
(a) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(b) (A) is correct, but (R) is incorrect.
(c) Both (A) and (R) are correct and (R) is the right explanation of (A).
(d) Both (A) and (R) are incorrect.
54. Which one of the following is not a norm of corporate governance ?
(a) Disclosure norms of Earning per share
(b) Clause 49 of Listing agreement
(c) Audit Committee
(d) Woman independent director
63. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Cadbury Committee
(B) Clause 49 of listing agreement
(C) Minimum number of specified board meetings a year
(D) Whistle
List II
(i) SEBI regulation
(ii) Code of best practices
(iii) Ethics
(iv) Companies Act, 2013
Code :
(a) (A) – (ii), (B) – (i), (C) – (iii), (D) – (iv)
(b) (A) – (ii), (B) – (i), (C) – (iv), (D) – (iii)
(c) (A) – (i), (B) – (ii), (C) – (iii), (D) – (iv)
(d) (A) – (iv), (B) – (iii), (C) – (ii), (D) – (i)
81. The following statements relate to value based organisations. Choose the correct code for the statements being correct or incorrect.
Statement I : Nature of a corporation has been analysed by theorists as private rights theory, social institution theory, contractual theory of the firm.
Statement II : Nature of the corporation has been explained by input output model under stakeholder theory, each stakeholder group constituency is integral to the operation of a corporation.
Code :
(a) Both the statements I and II are correct
(b) Statements II is correct, but I is incorrect
(b) Statement I is correct, but II is incorrect
(c) Both the statements I and II are incorrect
93. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : The United Nations’ Inter-governmental Panel on Climate Change has concluded that there is a discernible human influence on the global climate.
Reason (R) : The United Nations’ Groups conclusions are unformed; some experts differ and say that a reliable estimate of the human imprint’s magnitude remains a distance off.
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are correct and (R) is the right explanation of (A).
(c) Both (A) and (R) are incorrect.
(d) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
Module 2: Organisational Behaviour [Unit–II]
3. Which among the following is not a broader classification of motivation ?
(a) Negative motivation
(b) Monetary motivation
(c) Unitary motivation
(d) Positive motivation
24. Which among the following is not a correct statement ?
(a) Manifest conflict is always documented.
(b) In latent conflict, although the parties to the conflict realise the fact of conflict for various reasons but they do not show it openly.
(c) There is a potential ground for perceived conflict to turn into reality.
(d) Manifest conflict in an open conflict.
58. Choose the correct code for the statements being correct or incorrect.
Statement I : Attitude develops over a period of time.
Statement II : Attitudes are specific whereas values form a broader and more encompassing concept.
Code :
(a) Statements II is correct, but I is incorrect.
(b) Statements I is correct, but II is incorrect.
(c) Both the statements I and II are incorrect.
(d) Both the statements I and II are correct.
64. Who among the following propounded ERG Theory of Motivation ?
(a) Skinner
(b) Alderfer
(c) Mc Clelland
(d) Locke
84. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : In the 21st century we are going to need a new generation of leaders; not managers.
Reason (R) : Leadership is about developing a vision of the future rather than just aligning people by communicating this vision and inspiring them to overcome hurdles.
Code :
(a) Both (A) and (R) are incorrect.
(b) Both (A) and (R) are correct and (R) is the right explanation of (A).
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) (A) is correct, but (R) is incorrect.
88. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(Types of Personality) (Suitability to Job)
(A) Sensation-thinking personality
(B) Intuition-thinking personality
(C) Sensation-feeling personality
(D) Intuition-feeling personality
List II
(i) Fit for human resource development job
(ii) Fit for production and management position
(iii) Fit for research and development position
(iv) Fit for science and technology field
Code :
(a) (A) – (ii), (B) – (iii), (C) – (iv), (D) – (i)
(b) (A) – (ii), (B) – (iv), (C) – (iii), (D) – (i)
(c) (A) – (ii), (B) – (iii), (C) – (i), (D) – (iv)
(d) (A) – (iv), (B) – (iii), (C) – (ii), (D) – (i)
100.Which among the following is also known as ‘Cross Contact’ communication ?
(a) Intra-scalar communication
(b) Inter-scalar communication
(c) Concealed communication
(d) Extra-organization communication
Module 3: Human Resource Management [Unit–II]
9. Arrange the following steps of succession planning in the correct sequence :
(i) Define competencies required to perform roles.
(ii) With future orientation, assess people against criteria.
(iii) Identify key roles for succession or replacement planning.
(iv) Develop employees to be ready for future key roles.
(v) Identify pool of talent that can potentially perform highly in key roles.
Choose the correct answer from the code given below :
Code :
(a) (ii), (i), (iii), (iv), (v)
(b) (iii), (i), (ii), (v), (iv)
(c) (v), (ii), (i), (iii), (iv)
(d) (ii), (iii), (i), (iv), (v)
10. Which of the following statements is/are true ?
(i) The concept of wage boards was first enunciated by the Minimum Wage Committee.
(ii) A wage board is bipartiete in character.
(iii) Representatives of employers and workers on wage board are appointed by the government after consulting the concerned organisations.
Choose the correct answer from the code given below :
Code :
(a) (i), (ii) and (iii)
(b) Both (i) and (ii)
(c) Only (ii)
(d) Only (iii)
18. Who among the following was the first one to use the term ‘Collective Bargaining’ ?
(a) Karl Marx
(b) R.F.Hoxie
(c) Beatrice Webb
(d) G.D.H.Cole
22. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Cultural differences, behavioural attitude of workers, social environment, values and beliefs affect industrial relations and loyalty.
Reason (R) : Differences relating to labour mobility and cultural influences affect the way of addressing the superior authority.
Code :
(a) Both (A) and (R) are incorrect.
(b) (A) is correct, but (R) is incorrect.
(c) Both (A) and (R) are correct, but (R) is the right explanation of (A).
(d) Both (A) and (R) are correct and (R) is not the right explanation of (A).
34. ‘ Sons of the soil’ policy is associated with
(a) Induction
(b) Recruitment
(c) Promotion
(d) Discharge or Dismissal
40.Choose the correct code for the statements being correct or incorrect.
Statement I : Fringe benefits mean anything that includes employees’ family, that has high social and peer recognition. They include health, security and retirement benefits offered to full-time employees.
Statement II : Finge beenfits aim at increasing economic security of employees and are always non-texable in nature
Code :
(a) Statements I is correct, but II is incorrect.
(b) Both the statements I and II are incorrect.
(c) Statements II is correct, but I is incorrect.
(d) Both the statements I and II are correct.
47. Arrange the following steps of disciplinary procedure in the correct sequence:
(i) Issue a charge sheet
(ii) Notice of enquiry
(iii) Suspension pending enquiry
(iv) Conduct of enquiry
(v) Awarding punishment
(vi) Communicating punishment
(vii) Preliminary investigation
(viii) Recording of findings
Choose the correct answer from the code given below :
Code :
(a) (ii), (i), (iii), (iv), (v), (vi), (vii), (viii)
(b) (vii), (i), (iii), (ii), (iv), (viii), (v), (vi)
(c) (i), (vii), (ii), (iii), (iv), (vi), (v), vi(ii)
(d) (ii), (vii), (i), (iii), (viii), (iv), (vi), (v)
49. As per the provisions of the Factories Act, 1948, match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Cool drinking water during hot season
(B) Employment of safety officer
(C) First aid box
(D) Ambulance room
List II
(i) 150 workers
(ii) More than 250 workers
(iii) More than 500 workers
(iv) 1000 or more workers
Code :
(a) (A) – (i), (B) – (ii), (C) – (iii), (D) – (iv)
(b) (A) – (i), (B) – (iv), (C) – (iii), (D) – (ii)
(c) (A) – (ii), (B) – (iv), (C) – (i), (D) – (iii)
(d) (A) – (iv), (B) – (iii), (C) – (ii), (D) – (i)
50. A Union security agreement aims at
(a) determining the extent to which the agreement protects the union in holding its membership and collecting its dues.
(b) getting more benefits from an organisation.
(c) recognition of union by employer.
(d) making jobs secure for members of the union.
62. In the context of industrial relations, match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Conflict between managers and workers
(B) Both management and workers see each
(C) There is a power relationship between the
List II
(i) Psychological approach is normal and incscapable
(ii) Pluralistic approach other as less reliable
(iii) Marxist approach two classes
Code :
(a) (A) – (i), (B) – (ii), (C) – (iii)
(b) (A) – (ii), (B) – (i), (C) – (iii)
(c) (A) – (iii), (B) – (ii), (C) – (i)
(d) (A) – (ii), (B) – (iii), (C) – (i)
70. Which of the following is the reference of dispute to an agreed third party for settlement, without the force of litigation or resort to law?
(i) Conciliation
(ii) Arbitration
(iii) Adjudication
Choose the correct answer from the code given below :
Code:
(a) Both (i) and (ii)
(b) Only (ii)
(c) Only (I)
(d) Both (i) and (ii)
89. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Career
(B) Career planning
(C) Career path
(D) Career anchors
List II
(i) Sequence of work experiences that gives opportunity to participate in many aspects of professional area
(ii) Determining career goals and identifying mean to achieve
(iii) Person’s course or progress in a particular area of work
(iv) Perceived areas of competence, motives and values relating to professional work choices
Code :
(a) (A) – (iii), (B) – (iv), (C) – (i), (D) – (ii)
(b) (A) – (iv), (B) – (i), (C) – (ii), (D) – (iii)
(c) (A) – (iii), (B) – (ii), (C) – (i), (D) – (iv)
(d) (A) – (iii), (B) – (i), (C) – (ii), (D) – (iv)
94. Who pays the lay-off compensation to a workman?
(a) Central Government
(b) Employer
(c) State Government
(d) Employees State Insurance Corporation
Module 4: Accounting [Unit-IV & Unit-V]
48. A public limited company has 9,00,000 shares outstanding at current market price of Rs 130 per share. The company needs Rs b) 25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to required money at Rs 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?
(a) Two rights
(b) Four rights
(c) Three rights.
(d) One rights
52. Which one of the following cases is the case of conglomerate merger ?
(a) Brooke Bond and Lipton with Hindustan Lever
(b) Renusagar Power Supply and Hindalco
(c) Godrej Soaps with loss-making Godrej Innovative Chemicals
(d) Vodafone India and Idea Cellular Ltd.
Module 5: Financial Management [Unit-IV & Unit-V]
4. The given statements are related to financial derivatives.
Choose the correct code for the statements being correct or incorrect.
Statement I : A speculator will gain, if he sells foreign currency under a forward contract, when the spot price is higher than the forward price.
Statement II : In currency futures, intra currency spread exists when a speculator buys/sells the same currency for two delivery dates.
Code :
(a) Both the statements I and II are incorrect.
(b) Both the statements I and II are correct.
(c) Statements II is correct, but I is incorrect.
(d) Statements I is correct, but II is incorrect.
16. Which among the following statements is not true relating to ‘Crawling Peg System’ of exchange rate?
(a) It takes a position in between the fixed exchange rate system and the flexible exchange rate system.
(b) It was introduced as an alternative to the adjustable peg system.
(c) It was introduced by IMF in 1971
(d) It allows a narrow margin of fluctuation as compared to adjustable peg system.
20. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : The word Investment Report has prepared a transnationality index comprising average of three rations based on foreign assets, foreign sales, foreign employment.
Reason (R) : Given the increasing liberal investment and environment policy in which such companies operate, transnationality would enhance strategy for greater penetration.
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) Both (A) and (R) are correct and (R) is the right explanation of (A).
26.Which one of the following will have a net change in the amount of working capital of a company
(a) Paying cash to its creditors
(b) Purchasing land and making payment by issuing shares to the landowner
(c) Purchasing machinery for cash
(d) Converting long-term loans and debentures into equity
31.Which one of the following is not resorted to while issuing new securities in the market ?
(a) Book building
(b) Stock option
(c) Offer for sale
(d) Placement on stock exchange
33. The following two statements relate to receivables management.
Choose the correct code for the statements being correct or incorrect.
Statement I : The major controllabel decision variables for deciding the credit policy are the credit standards and analysis and the credit terms only.
Statement II : Factoring is a popular machanism of managing, financing and collecting receivables.
Code :
(a) Both the statements I and II are correct.
(b) Statements II is correct, but I is incorrect.
(c) Statements I is correct, but II is incorrect.
(d) Both the statements I and II are incorrect.
37. Indicate the code for proper sequencing for the process of venture capital financing from the following:
(i) Deal origination
(ii) Due diligence
(iii) Screening
(iv) Deal structuring
(v) Exit plan
Choose the correct answer from the code given below :
Code :
(a) (i), (iii), (ii) (iv), (v)
(b) (i), (ii), (iv), (iii), (v)
(c) (i), (ii), (iii), (iv), (v)
(d) (i), (iv), (ii), (iii), (v)
41. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(a) Floating forex rate
(b) Translation effect of change
(c) Transaction effect of fluctuation
(d) Geocentric solution in financial
List II
(i) Get the best out of extreme decentralisation and centralisation in finance decision and execution
(ii) Influences time lag in receipt of cash against in forex rate foreign currency denominated invoices
(iii) Influences the valuation of financial statement in forex rate and reported items
(iv) Triggers problems of appreciation or planning and control depreciation of currencies
Code :
(a) (a) – (i), (b) – (iv), (c) – (ii), (d) – (iii)
(b) (a) – (iv), (b) – (iii), (c) – (ii), (d) – (i)
(c) (a) – (iv), (b) – (ii), (c) – (iii), (d) – (i)
(d) (a)- (iii), (b) – (i), (c) – (iv), (d) – (iv)
42. Firms normally finance the working capital needs as per which combination of the following ?
(i) Trade credit
(ii) Bank finance
(iii) Commercial papers
(iv) Factoring
Choose the correct answer from the code given below :
Code :
(a) Only (i), (ii) and (iv)
(b) Only (i), (iii) and (iv)
(c) Only (ii), (iii) and (iv)
(d) Only (i), (ii) and (iii)
55 . Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : As per M-M hypothesis the value of the levered firm is equal to the value of the unlevered firm.
Reason (R) : The process of arbitrage becomes applicable in such situations.
Code :
(a) Both (A) and (R) are incorrect.
(b) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(c) Both (A) and (R) are correct and (R) is the right explanation of (A).
(d) (A) is correct, but (R) is incorrect.
56. Choose the correct code for the statements being correct or incorrect.
Statement I : Companies generally do not prefer low cost debt financing.
Statement II : Raising debts requires credit rating and payment of interest even if companies suffer losses.
Code :
(a) Both the statements I and II are correct.
(b) Statements I is correct, but II is incorrect.
(c) Statements II is correct, but I is incorrect.
(d) Both the statements I and II are incorrect.
65.A manufacturing company has an expected usage of 50,000 units of a certain product during next year. The cost of processing an order is Rs 20 and the carrying cost per unit is Rs 0.50 for one year. What will be the Economic Ordering Quantity?
(a) 2000 units
(b) 1000 units
(c) 2500 units
(d) 1500 unit
69. The following two statements relate to Capital Asset Pricing Model. Choose the correct code for the statements being correct or incorrect.
Statement I : Beta is a measure of a security’s risk relative to the risk of the market portfolio
Statement II : The value of Beta measures both the systematic and the unsystematic risks of a security.
Code :
(a) Statements I is correct, but II is incorrect.
(b) Statements II is correct, but I is incorrect.
(c) Both the statements I and II are incorrect.
(d) Both the statements I and II are correct.
72. The following two statements relate to financial derivatives. Choose the correct code for the statements being correct or incorrect.
Statement I : When an option is allowed to be exercised only on the maturity date, it is called an American option
Statement II : If the option holder does not lose or gain whether he exercises his option or buys or sells the assets from the market, the option is said to be at the money.
Code :
(a) Statement I is correct, but II is incorrect
(b) Both the statements I and II are incorrect
(c) Both the statements I and II are correct
(d) Statements II is correct, but I is incorrect
74. The optimum capital structure is supported by which combination of the following?
(i) Traditional theory
(ii) Net income theory
(iii) Pecking order theory
(iv) Net operating income theory
Choose the correct answer from the code given below :
Code:
(a) Only (i), (iii) and (iv)
(b) Only (ii), (iii) and (iv)
(c) Only (i), (ii) and (iii)
(d) Only (i), (iii) and (iv)
75. The following two statements relate to consumer behaviour. Choose the correct code for the statements being correct or incorrect.
Statement I : People who purchase mutual funds are more likely to believe that they cannot predict the market and probably have an internal locus of control.
Statement II : People who purchase stocks believe that they can predict the market and have an external locus of control.
Code :
(a) Both the statements I and II are correct
(b) Statement I is correct, but II is incorrect
(c) Both the statements I and II are incorrect
(d) Statements II is correct, but I is incorrect
76. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(a) Cycle stock
(b) Transit stock
(c) Buffer stock
(d) Safety stock
List II
(i) Hedge against the possiblility of stockout
(ii) Stock to meet inventory cycle
(iii) Stock moved between various elements of supply chain
(iv) Extra stock to meet fluctuations in demand
Code :
(a) (a) – (iii), (b) – (ii), (c) – (i), (d) – (iv)
(b) (a) – (iv), (b) – (iii), (c) – (i), (d) – (ii)
(c) (a) – (ii), (b) – (iii), (c) – (i), (d) – (iv)
(d) (a) – (ii), (b) – (iii), (c) – (iv), (d) – (i)
91. Indicate the correct code for discounted cash flow techniques for capital investment proposals from the following :
(i) Net Present Value Method
(ii) Internal Rate of Return method
(iii) Excess Benefit-Cost Ratio method
(iv) Net Terminal Value method
Choose the correct answer from the code given below :
Code:
(a) Only (i), (ii) and (iii)
(b) Only (i) and (ii)
(c) Only (ii) and (iv)
(d) Only (i), (iii) and (iv)
95. Indicate the correct combination of the financial decisions from the following :
(i) Investment decisions
(ii) Financing decisions
(iii) Pricing decisions
(iv) Liquidity management decisions
(v) Dividend decisions
Choose the correct answer from the code given below :
Code:
(a) Only (i), (ii), (iv) and (v)
(b) Only (ii), (iii), (iv) and (v)
(c) Only (i), (ii) and (iii)
(d) Only (i), (ii), (iii) and (iv)
Module 6: Strategic Management [Unit–VI]
17. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I (Macro strategic for developing customer)
(A) Custormer excellence
(B) Operational excellence
(C) Product excellence
(D) Locational excellence
List II (Specific strategy)
(i) Store on the corner of a busy intersection
(ii) Unique merchandise
(iii) Strong relationships with their suppliers
(iv) Effective branding
Code :
(a) (A) – (ii), (B) – (iv), (C) – (iii), (D) – (i)
(b) (A) – (iv), (B) – (iii), (C) – (ii), (D) – (i)
(c) (A) – (iv), (B) – (ii), (C) – (i), (D) – (iii)
(d) (A) – (ii), (B) – (iii), (C) – (iv), (D) – (i)
99. Match the items of List I with the items of List II and choose the correct answer from the code give below. These items relate to BCG matrix
List I (Names of the quadrant)
(a) Dogs
(b) Question marks
(c) Cast cows
(d) Stars
List II (Action required)
(i) Have excess resources that can be spun off to those products that need it
(ii) Require a heavy resource investment to fuel their rapid growth
(iii) Should be phased out unless they are needed to complement the sales of another product or for competitive reasons
(iv) Require significant resources to maintain and potentially increase their market share
Code :
(a) (a) – (iv), (b) – (iii), (c) – (i), (d) – (ii)
(b) (a) – (ii), (b) – (iv), (c) – (iii), (d) – (i)
(c) (a) – (iii), (b) – (i), (c) – (iv), (d) – (ii)
(d) (a) – (iii), (b) – (iv), (c) – (i), (d) – (ii)
Module 7: Marketing Management [Unit-VI]
1. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Luxury brands command price premiums and o not have a strong lifestyle component.
Reason (R) : Luxury brands do not require any special considerations in how they are sold.
Code :
(a) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(b) Both (A) and (R) are incorrect.
(c) (A) is correct, but (R) is incorrect.
(d) Both (A) and (R) are correct, but (R) is the right explanation of (A).
21. A manufacturer, to market its products, focuses on the following marketing channel alternatives :
(i) Telemarketing
(ii) Distributors
(iii) Sales force
(iv) Internet
(v) Retail stores
(vi) Value-added partners
Select the code of correct sequence of the channel alternatives in order of increasing cost per transaction.
Code :
(a) (iv), (v), (i), (vi), (ii), (iii)
(b) (iv), (i), (v), (ii), (vi), (iii)
(c) (i), (iv), (ii), (v), (iii), (vi)
(d) (i), (iv), (v), (ii), (iii), (vi)
28.‘Explain the nutritional values of different foods’ is an objective of which one of the following social marketing programmes ?
(a) Cognitive campaigns (b) Behavioral campaigns
(c) Value campaigns (d) Action campaigns
29. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : The marketing costs of reaching loyal consumers are much lower because the firm does not have to spend money on advertising and promotion campaigns to attract these customers.
Reason (R) : A high level of brand loyalty does not insulate the firm from competition.
Code :
(a) Both (A) and (R) are correct and (R) is the right explanation of (A).
(b) (A) is correct, but (R) is incorrect.
(c) Both (A) and (R) are incorrect.
(d) Both (A) and (R) are correct, but (R) is not the right explanation of (A)
36.The following statements relate to social media.
Choose the correct code for the statements being correct or incorrect.
Statement I : Social media does not allow users to interact among themselves.
Statement II : Social media helps facilitate the consumer’s decision process by encouraging need recognition, information search, alternative evaluation, purchase and post purchase reviews.
Code :
(a) Statements I is correct, but II is incorrect.
(b) Both the statements I and II are incorrect.
(c) Statements II is correct, but I is incorrect.
(d) Both the statements I and II are correct.
38. In which one of the following product life cycles stages a firm improves product quality and adds new features and improved styling ?
(a) Maturity stage
(b) Introduction stage
(c) Decline stage
(d) Growth stage
46. Indicate the correct code for appropriate combination of the following that constitutes the form of price discriminating strategy :
(i) Postage stamp pricing
(ii) Basing point pricing
(iii) Incremental pricing
(iv) Free on Board pricing
Choose the correct answer from the code given below :
Code :
(a) Only (ii) and (iv)
(b) Only (i), (ii) and (iv)
(c) Only (i), (ii) and (iii)
(d) Only (ii), (iii) and (iv)
53. Which one of the following relates to products or services for which consumers will spend a fair amount of time comparing alternatives ?
(a) Unsought products/services (b) Convenience products/services
(c) Shopping products/services (d) Speciality products/services
61.The following two statements relate to marketing. Choose the correct code for the statements being correct or incorrect.
Statement I : Marketing is about satisfying customer needs and wants.
Statement II : Marketing can be performed only by individuals and not by organizations.
Code :
(a) Both the statements I and II are incorrect.
(b) Both the statements I and II are correct.
(c) Statements I is correct, but II is incorrect.
(d) Statements II is correct, but I is incorrect.
66. The following two statements relate to value based organisations. Choose the correct code for the statements being correct or incorrect.
Statement I : The goal of any sales promotion is to create value for both the consumer and the firm.
Statement II : Sales promotion always shifts sales from the future to now and thereby leads to short-run benefits at the expense of long-term sales stability.
Code :
(a) Both the statements I and II are incorrect.
(b) Both the statements I and II are correct.
(c) Statements II is correct, but I is incorrect.
(d) Statements I is correct, but II is incorrect.
68. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(Market segmentation method)
(A) Demographic
(B) Psychographic
(C) Benefits
(D) Behavioural
List II (Sample segment)
(i) Self-values
(ii) Convenience
(iii) Gender
(iv) Loyalty
Code :
(a) (A) – (iii), (B) – (i), (C) – (ii), (D) – (iv)
(b) (A) – (ii), (B) – (iv), (C) – (iii), (D) – (i)
(c) (A) – (iii), (B) – (iv), (C) – (ii), (D) – (i)
(d) (A) – (iii), (B) – (ii), (C) – (i), (D) – (iv)
79. Which of the following are the components of international logistics ?
(i) Fixed facilities location
(ii) Inventory management
(iii) Order processing
Choose the correct answer from the code given below :
Code:
(a) (i) and (iii)
(b) (ii) and (iii)
(c) (i), (ii) and (iii)
(d) (i) and (ii)
90.Which one of the following types of retailers in “D Mart”
(a) Discount store
(b) Convenience store
(c) Super market
(d) Catalogue store
92. Indicate the correct code for the points taken into consideration for product line pricing from the following :
(i) Demand relationships of different products
(ii) Competitive situation in the product market
(iii) Advertising endeavours for different products
(iv) Coast estimates for various products
Choose the correct answer from the code given below :
Code:
(a) Only (ii) and (iii)
(b) Only (i), (ii) and (iv)
(c) Only (ii), (iii) and (iv)
(d) Only (i), (ii) and (iii)
Module 8: Statistics for Management & Operations Management
Part A: Statistics for Management [Unit-VIII]
5. Which of the following statemnts relating to Tests of Hypothesis are correct ? Select the correct code.
Satement I : Type -1 error occurs when true null hypothesis gets rejected by the test.
Statement II : Beta value denotes the power of the test.
Statement III : To test the significance of the goodness of fit of a distribution, F-test is applied.
Statement IV : When, two-tailed test is applied for testing the hypothesis.
Statement V :The critical value of Z-statistic for two-tailed test at 5% level of significance is 1.96.
Code :
(a) II and III
(b) IV and V
(c) I and V
(d) III and IV
8. There are ‘m’ number of favourable cases to event A and ‘n’ are non-favourable cases, both are equally likely and mutually exclusive, the probalility of occurring the event A is P (A) = . This formula corresponds to which one of the following approaches to probability ?
(a) Modern approach to probability
(b) Subjective approach to probability
(c) Classical approach to probability
(d) Statistical approach to probability
13. The following statements relate to sampling distribution.
Choose the correct code for the statements being correct or incorrect.
Satement I : Sampling distribution of mean is normally distributed irrespective of the type of population distribution and size of samples.
Statement II : The standard deviationof the sampling distribution f mean is less than the standard deviation of the population distribution.
Code :
(a) Statements II is correct, but I is incorrect.
(b) Statements I is correct, but II is incorrect.
(c) Both the statements I and II are correct.
(d) Both the statements I and II are incorrect.
78. Suppose it is calculated that ‘a’ is 4 and ‘b’ is 2 for a particular estimating line with one independent variable. It the independent variable has a value of 5, what value should be expected for the dependent variable ?
(a) 6
(b) 22
(c) 14
(d) 11
98. The following statements relate to probability distributions. Choose the correct code for the statements being correct or incorrect.
Statement I : When ‘p’ and ‘q’ are equal in the binominal distribution, the shape of the distribution is perfectly symmetrical irrespective of the size of ‘n’
Statement II : The mean and the variance of Poisson distribution are not equal.
Code :
(a) Both the statements I and II are correct
(b) Statement I is correct, but II is incorrect
(c) Both the statements I and II are incorrect
(d) Statements II is correct, but I is incorrect
Part B: Operations Management [Unit-VIII]
12 Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Mean forecast error
(B) Mean absolute deviation
(C) Mean square error
(D) Mean absolute percent error
List II
(i) Mean of absolute deviations of forecast demands from actual demand values
(ii) Mean of the squares of the deviations of forecast demands from actual demand values
(iii) Mean of the deviations of the forecast demands from actual demand
(iv) Mean of the percent deviations of the forecast demands from the actual demand
Code :
(a) (A) – (i), (B) – (iii), (C) – (iv), (D) – (ii)
(b) (A) – (iv), (B) – (i), (C) – (ii), (D) – (iii)
(c) (A) – (ii), (B) – (iii), (C) – (i), (D) – (iv)
(d) (A)- (iii), (B) – (i), (C) – (ii), (D) – (iv)
14. The following statements relate to decision tree analysis.
Choose the correct code for the statements being correct or incorrect.
Satement I : A decision tree contains the probabilities of outcomes and the conditional monetary values attached to those outcomes.
Statement II : In a decision tree, ‘nodes’ at the left represent actions that occur befor nodes that fall farther to the right.
Code :
(a) Statements II is correct, but I is incorrect.
(b) Statements I is correct, but II is incorrect.
(c) Both the statements I and II are incorrect.
(d) Both the statements I and II are correct.
19. Which one of the following MIS systems is designed to capture, collect or enter the data to process in a certain specified manner for further processing ?
(a) Intergrated information processing system
(b) Transaction processing system
(c) Business function processing system
(d) Data processing system
45.Arrange the operations in production and control in correct sequence:
(i) Routing
(ii) Dispatching
(iii) Follow up
(iv) Scheduling
Choose the correct answer from the code given below :
Code :
(a) (iv), (i), (iii), (ii)
(b) (ii), (iv), (iii), (i)
(c) (i), (iv), (ii), (iii)
(d) (i), (iv), (ii), (iii)
51.The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I : An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
Code :
(a) Statements I is correct, but II is incorrect.
(b) Statements II is correct, but I is incorrect.
(c) Both the statements I and II are correct.
(d) Both the statements I and II are incorrect.
59. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(a) X chart
(b) P chart
(c) C chart
(d) R chart
List II
(i) Number of defects
(ii) Variations between samples
(iii) Variations within samples
(iv) Proportion of defectives
Code :
(a) (A) – (iv), (B) – (ii), (C) – (iii), (D) – (i)
(b) (A) – (iv), (B) – (ii), (C) – (i), (D) – (iii)
(c) (A) – (ii), (B) – (iv), (C) – (iii), (D) – (i)
(d) (A) – (ii), (B) – (iv), (C) – (i), (D) – (iii)
82. Which among the following is a correct statement?
(a) Michael hammer and James Champy have given the concept of TQM
(b) Kaizen, in other words, is Total Quality Management (TQM)
(c) Production management is one of the variables of TQM equation
(d) TQM is best explained with the help of Deming triangle
85. Which among the following concepts is not related to product design ?
(a) Standardisation
(b) Reverse engineering
(c) Enterprise resource planning
(d) Concurrent engineering
Module 9: International Business & Information Technology
Part A: International Business [Unit–IX]
23. The following statements relate to transnationality.
Choose the correct code for the statements being correct or incorrect.
Statement I : The UNCTAD developed an index to compare the transnationality of countries in which TNCs operate.
Statement II : The UNCTD followed parameters like FDI flow as a percentage of gross fixed capital formation, FDI inward stock, value added by foreign affiliates and jobs created by them.
Code :
(a) Statements II is correct, but I is incorrect.
(b) Statements I is correct, but II is incorrect.
(c) Both the statements I and II are correct.
(d) Both the statements I and II are incorrect.
25. Various bodies in the organisational structure of WTO are given below. On the basis of decision making authority, arrange them from top to bottom and indicate the correct code.
(i) General Council
(ii) Ministerial Conference
(iii) Specialised Committees
(iv) Council for Trade in Goods
Choose the correct answer from the code given below :
Code :
(a) (iv), (i), (ii), (iii)
(b) (i), (ii), (iv), (iii)
(c) (ii), (i), (iv), (iii)
(d) (i), (ii), (iii), (iv)
57. The following statements are related to technology transfer between countries. Choose the correct code for the statements being correct or incorrect.
Statement I : Import of techniques and machinery is a mode of technology transfer.
Statement II : Technology transferred through government for common welfare is considered as free market transfer and is not subject to patent laws.
Code :
(a) Statements II is correct, but I is incorrect.
(b) Both the statements I and II are incorrect.
(c) Both the statements I and II are correct.
(d) Statements I is correct, but II is incorrect.
71.Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Growing proportion of the world output is traded internationally, causing faster growth of trade among nations.
Reason (R) : This situation is bringing world economic integration, which is reinforced by cross-border capital flows and regional blocs.
Code :
(a) Both (A) and (R) are correct and (R) is the right explanation of (A).
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) (A) is correct, but (R) is incorrect.
73. Which one of the following does not fall within the ambit of WTO operations ?
(a) Redresal and settlement of tariff disputes.
(b) Trade in service, intellectual property protection, multifibre agreement
(c) Antidumping measures, industrial and export subsidies of trading nations
(d) Supplementing balance of trade deficit and helping a nation to overcome balance of payment crisis.
87.In the context of regional economic integration, which of the following equations is not correct ?
(a) Free Trade Area = Customs Union – Common external tariff
(b) Economic Intergration = Common market + Fixed exchange rate + Macro economic co-ordination
(c) Customs Union = Free trade area + Common external tariff
(d) Common market = Customs Union + NTBs + Factor mobility
96. The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect.
Statement I : Often the low price is the result of the predatory pricing strategy; prompting selling at prices below cost.
Statement II : This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice.
Code :
(a) Statements II is correct, but I is incorrect
(b) Both the statements I and II are correct
(c) Statement I is correct, but II is incorrect
(d) Both the statements I and II are incorrect
97. In the context of economic groupings, which among the following, is not applicable to common market ?
(a) Removal of tariff barriers on intra-trade
(b) Free movement of labour an dcapital
(c) Harmonisation of economic policies
(d) Common external tariff
Part B: Information Technology [Unit-IX]
27.Which one of the following is considered as a threat to database and DBMS ?
(a) Unauthorised access
(b) Insertion of viruses
(c) Log of system failures
(d) Firewalls
Module 10: Entrepreneurship Development [Unit–X]
2. Match the items of List I with the items of List II and choose the correct answer from the code give below.
List I
(A) Fabian Enterpreneurs
(B) Drone Enterpreneurs
(C) Imitating Enterpreneurs
(D) Innovative Enterpreneurs
List II
(i) Industry leaders
(ii) Found in the places where there is a lack of resources
(iii) Reluctant to change
(iv) Skeptical about the changes to be made in the organization
Code :
(a) (A) – (iv), (B) – (ii), (C) – (iii), (D) – (i)
(b) (A) – (i), (B) – (ii), (C) – (iv), (D) – (iii)
(c) (A) – (iv), (B) – (iii), (C) – (ii), (D) – (i)
(d) (A)- (iii), (B) – (ii), (C) – (iv), (D) – (i)
6. Given below are two statements, are labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Identification and detection of sickness at incipient stage is the first and foremost measure to reduce industrial sickness.
Reason (R) : Sickness in small scale industries is not a sudden phenomenon but it is a gradual process taking 5 to 7 years eroding the health of a unit beyond cure.
Code :
(a) (A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct and (R) is the right explanation of (A).
(d) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
15.The following statements relate to industrial sickness.
Choose the correct code for the statements being correct or incorrect.
Satement I : The Sick Industrial Companies Act (SICA) was eacted to address a chornic problem of industrial sickness in the Indian economy.
Statement II : SICA defined a sick industrial unit as one that had existed for at least three years and had incurred accumulated losses eqaual to its entire net worth at the end of any financial year.
Code :
(a) Both the statements I and II are incorrect.
(b) Both the statements I and II are correct.
(c) Statements I is correct, but II is incorrect.
(d) Statements II is correct, but I is incorrect.
32. Who among the following are associated with the concept of “Entrepreneurship” ?
(i)Richard Cantillon
(ii)Lionel Robbins
(iii)Adam Smith
(iv)Jean-Baptiste Say
(v)Joseph Schumpeter
Choose the correct answer from the code given below :
Code :
(a) (i), (ii), (iii) and (iv)
(b) (ii), (iii), (iv) and (v)
(c) (i), (ii), (iv) and (v)
(d) (i), (iii), (iv) and (v)
43 . Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A) : Entrepreneurial innovation and experimentation constantly destroy the old and introduce new equilibria, making possible higher standards of living.
Reason (R) : Markets do not passively tend towards equailibrium until profit margins are wiped out
Code :
(a) A) is correct, but (R) is incorrect.
(b) Both (A) and (R) are incorrect.
(c) Both (A) and (R) are correct, but (R) is not the right explanation of (A).
(d) Both (A) and (R) are correct and (R) is the right explanation of (A).
80. Choose the correct code for the statements being correct or incorrect.
Statement I : An Intrapreneur is a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation
Statement II : Intrapreneurship refers to employee intitiatives in organizations to undertake something new, without being asked to do so.
Code :
(a) Statements II is correct, but I is incorrect
(b) Statement I is correct, but II is incorrect
(c) Both the statements I and II are incorrect
(d) Both the statements I and II are correct