Module 1 : Business Management ; Managerial Economics & Business Ethics
Part A: Business Management [Unit – I]
5. Which one of the following is closest to the nature of decision making?
(a) Decision on a particular cource of action
(b) Too self evident require an ansrer
(c) Deciding on a choice after a series of brain storming
(d) The process of indentifying problems and opportunities and then resolving them
11. Why the bureaucratic form of organization been fundamentally questioned?
(a) Pressure of globalization has rendered it unsuitable
(b) Organisation are experiencing acute pressure to change and pursue innovation as a means of securing business growth
(c) Organisation have grown so large that it is almost impossible to create an effective bureaucracy to manage them
(d) Information technology has made it redundant
64. Psychological barriers in communication take place due the following reasons:
(i) Premature evaluation lack of attention
(ii) Organization facilities status relationships
(iii) Poor rentention lack of reliance
(iv) Hierarchy organization polices
Choose the correct options:
(a) (i) and (ii)
(b) (i) and (iii)
(c) (ii) and (iii)
(d) (ii) and (iv)
Part B: Managerial Economics [Unit–I]
2. Which one of the following statements is true?
(a) The desire for a commodity backed by ability and willingness to pay is demand
(b) Decrease in input prices causes a leftward shilft in supply curve
(c) Demand for car and price of petrol are inversely related
(d) Most demand functions are of the form, D = a+bP
3. In micro economics which among the following sequence in respect of international issuses of the business firms is correct?
(a) What to produce, how to produce, how much to produce, how to determine price of product
(b) What to produce, how much to produce, how to produce, how to determine price of product
(c) How much to produce, what to produce, how to produce, how to determine price of product
(d) What to produce, how much to produce, how to determine price of product, how to produce
7. Which one of the following is not correct in case of indifference curves?
(a) Indifference curves slope downward to right
(b) Indifference curves of inperfect substitutes are convex to the origin
(c) Indifference curves neither interestect nor are tangent to one another
(d) Lower indifference curves indicate a higher level of satisfaction
Part C: Business Ethics [Unit–I]
59. Whistle blowing is normally unjustified in case of the following:
(i) Ulterior motive, Breach of trust
(ii) To Project public interest
(iii) Insufficient evidence
(iv) To inspire other employees
Choose the correct option:
(a) (i) and (ii)
(b) (i) and (iii)
(c) (ii) and (iii)
(d) (ii) and (iv)
60. On which of the following principal is Andrew Carnegie’s view on corporate social Responsobility , as reflected in his book, ‘The Gospel of Wealth based?
Choose the correct option from the following:
(a) a and b only
(b) b and c only
(c) c and d only
(d) a and d only
66. Match the Floolwings approachs of moral reasoning with their propounders:
Moral Reasonong Proponder(s)
(a) Consequentialism Approach i. Thomas Hobbes, Ayow Rand
(b) Deontological Approach ii. Aristotle
(c) Natural law theory iii. Ronald F.white
(d) Theological Approach iv. W.D. Ross,John Rawls
Choose the correct option from the following:
(a) a-i, b-iv,c-iii,d-ii (b) a-ii, b-iii,c-i,d-iv
(c) a-i, b-iv,c-ii,d-iii (d) a-i, b-ii,c-iv,d-iii
Module 2: Organisational Behaviour [Unit–II]
15. Which of the following is a correct description of attitude?
(a) Attitude are learned
(b) Attitude are organized and are core to an individual
(c) Attitude are the major determinants of human behaviour
(d) Attitude are beliefs, feelings and action tendencies of individual towards objects, ideas and people
39. Who propounded the “force field theory” of change process?
(a) Kurt Lewin
(b) Peter Drucker
(c) Joseph A.Schumpeter
(d) David C. McClelland
79. The right sequence in respect of stages of group development is
(a) Forming, storming, norming, performing, adjourning
(b) Storming, forming, norming, adjourning, perfoming
(c) Norming ‘ performing, storming•, forming , adJourning
(d) Storming, forn1ing, nor1ning, performing, adjourning
Module 3: Human Resource Management [Unit–II]
4. Which one of the following is the sequence of selection?
(a) Application blank , initial interview, employment tests , final interview, checking references, physical examination
(b) Application blank , employment tests, initial interview, checking references, physical examination, final interview,
(c) Employment tests, initial interview, checking references, physical examination, final interview,
(d) Employment tests, initial interview, checking references, final interview, physical examination
8. Human resource selection is comcerned with
(a) The activity to select a suitable pool of candidates
(b) Always being simulated by the depature of an employees
(c) Always ascertaining a candidate’s personality to ensure a suitability fit
(d) Applying appropriate technique to select a candidate
9. Human resource management (HRM) helps build successful cross border alliances by ensuring that
(a) Organisation spends 20 % of their HR budgets on cross border alliances
(b) A strategy is in place before embarking on a border alliance
(c) Organisation that export their to other societies and cultures
(d) Inetrnationl joint ventures are staffed by high quality managers
10. Which one of the following is not a forecasting technique for assessing human resource requirement in an organization?
(a) Ratio analysis
(b) Trend analysis
(c) Gaps analysis
(d) Replacement charts
13. Human Resource (HR) Procedures provide for an important element of consistency in which managerial perspective?
(a) Direction
(b) Strategy
(c) Decision making
(d) Recruitment
61. Which one of th following is NOT the prominent objective of human resource planning?
(a) To prevent overstaffing and understaffing
(b) To ensure employee availability
(c) To provide direction to all HR activities
(d) To evaluate the performance of the employees
63.Methods of off the job training are:
(i) Lectures, simulations and laboratory training
(ii) Role playing, vestibule training and video presentation
(iii) Job rotation and coaching
(iv) Job instruction training
Choose the correct option:
(a) (i) and (iii)
(b) (i) and (ii)
(c) (ii) and (iv)
(d) (ii) and (iii)
67. Match the terms with the statements given below:
(A) Human behabiour results from a continuous and multidirectional interactin between the person and the situation
(B) People are central to the organization and they must be developed to their potential
(C) Manager’s effcience depends on optimum utilization of resources
(D) The belief that there is no one best option available for an organization
i. Intercationalism
ii. Productivity Approach
iii.Contingency Approach
iv. HR Approach
Select the correct option:
(a) A-i, B-iv, C-ii, D-iii
(b) A-i, B-ii, C-iii, D-iv
(c) A-i, B-iii, C-ii, D-iv
(d) A-ii, B-i, C-iii, D-iv
68. Match the following according to their definition:
List I
(A) Career Planning
(B) Career development
(C) Career management
(D) Human resource planning
List II
i. A process whereby an individual sets career goals and indentifies means to achieve them
ii. A process of enabling employees to better understand and develop their skill and interest and use them for the interest of organization ans self
iii. The process of analysis and indentifying the need and availability of human resource so that organization can meet its objectives
iv. Refers to a formal approach used by the firm to ensure that people with proper qualification and experience are available when needed
Choose the correct answer option
(a) a-ii, b-iv,c-iii,d-I
(b) a-i, b-iv,c-ii,d-iii
(c) a-ii, b-iii,c-iv,d-I
(d) a-iii, b-i,c-ii,d-iv
77. A global manager has cultural predisposit ion as follows :
(a) Regiocent ricis1n
(b) Geocentricis1n
(c) Polycentricisrn
(d) Ethnocentricis1n
Which one of the following sequence is correct?
(a) (a), (b), (c) and (d)
(b) (b), (a), (c) and (d)
(c) (c), (d), (a) and (b)
(d) (d), (c), (a) and (b)
78. The steps followed in developing a global pay system in right sequence are:
(a) Set strategy, identify crucial executive behaviour, global philosophy framework, identify gaps, systematize pay system, adopt pay policies
(b) Set strategy, global philosophy framework, identify gaps, identify crucial executive behaviour, adopt pay policies, systematize pay system
(c) Identify crucial executive behaviour, set strategy, global philosophy framework, identify gaps, systematize pay system, adopt pay policies
(d) Adopt pay policies, identify crucial executive behaviour, set strategy, global philosophy framework, identify gaps, systematize pay system.
Module 4: Accounting [Unit-IV & Unit-V]
1. Mergers and acquisitions are example of which strategy of Ansoff (2×2) matrix?
(a) Present Product – Present market
(b) Present Product – New market
(c) New product – Present market
(d) New product – New market
19. According to which of the following concept. it is presumed that business will coutinue its operations for long time?
(a) Accounting period concept
(b) Realization concept
(c) Going concern concept
(d) Separate entity concept
20. Sale of long term investment shows
(a) Application of funds
(b) Source of funds
(c) Change in current assets
(d) Change in current liabilities
21. The Total Asset Turnover Ratio and Total Asset to Networth Ratio of Kuber Ltd. are 1.75 and 2. Respectively . if the Net Profit Margin of this company is 8% What is the Return on Equity (ROE)?
(a) 0.20
(b) 0.25
(c) 0.22
(d) 0.28
25. When managers commit cost errors of over optimism in evaluating merger opportunities due to excessive pride or animal spirit is termed as
(a) Managerialism
(b) Information signaling
(c) Hubris Hypothesis
(d) Sitting on gold mine
41. Pearl Ltd. Company purchased a van for Rs. 12,000 making a down payment of Rs. 5,000 cash and signing a Rs. 7,000 note payable in 60 days, As a results of his transaction:
(a) Total assets will increase by Rs. 12,000
(b) Total liabilities will increase by Rs. 7,000
(c) This transactions will not have immediate effect on owner’s equity in the business
(d) From the point of view of short term creditor this transaction will make business more liquid
Choose the correct options:
(a) a and c
(b) b and d
(c) a and b
(d) b and c
Module 5: Financial Management [Unit-IV & Unit-V]
22. Net Income approach to valuation is based on which of the following assumption?
(a) There are taxes and cost of debt is less than cost of equity
(b) There are taxes and use of debt does not change the risk perception of investors
(c) There are no taxes and use of debt chage the risk perception of investors
(d) There are no taxes and cost of debt is less than the cost of equity and the use of debt does not chage the risk perception of investors
23. Which of the following is aptly described by ‘2/10,net 30’ ?
(a) Credit policy
(b) Credit standards
(c) Credit terms
(d) collection policy
24. The major factor that allowed portfolio theory to devlop into capital market theory is
(a) Risk free asset
(b) Homogenous expectations
(c) Infinite divisibility of assets
(d) Absence of taxes and transcation costs
26. Which of the following methods of capital budgeting is best suited for leveraged projects?
(a) Net present value
(b) Internal rate of return
(c) Accounting rate of return
(d) Profitability index
27. When each coupon payment and the redemption value of bond are detached and are issued as separate and independent instrument are called
(a) Couons
(b) Strips
(c) Certificates
(d) Warrants
28. The effects of continous comounding is captured by
(a) Present Value ×ert
(b) Present Value ×e-rt
(c) Present Value /ert
(d) Future Value /ert
42. The combined leverage
(a) Is the summation of the degree of operating leverage and the financial leverage
(b) Measures total risk of the firm
(c) Is the difference between the degree of operating leverage and financial leverage
(d) Indicates the effect that chages in slaves will have on earning per share
Choose the correct option
(a) (a) and (b)
(b) (b) and (c)
(c) (b) and (d)
(d) (c) and (d)
44. Which of the following fully foreign exchange risk exposure of an manufacturing enterprise?
(a) Transaction exposure
(b) Economic exposure
(c) Translation exposure
(d) Currencyexposure
Choose the correct option:
(a) a and b only
(b) b and c only
(c) c and d only
(d) a, b and c only
57. The reasons behind the growth of financial markets globally are
(a) Currency fluctuations
(b) Deregulation
(c) International Banks
(d) Information Technology
Select correct option:
(a) Only a and b
(b) Only c and d
(c) a, b and c
(d) b, c and d
65. Novation a feature of future exchanges stipulates
(a) Future contracts are traded in an exchange
(b) Exchange becomes a counter party for all trades
(c) Futures contracts delivery dates are standardised
(d) Credit risk using intricate system of margins
69. Match tha following constructs of assets procing with its propagators.
Asset Pricing Constructs
(a) Mean variance portfolio criterion
(b) Size and book to market value portfolios
(c) Capital Asset pricing model
(d) Derivative (option) pricing
Proposers (s)
i. Black and Scholes
ii. Sharpa,Lintner and Mossin
iii. Fama & French
iv. Markowitz Harry
Choose the correct match from options given below
(a) a-iii, b-i,c-iv,d-ii
(b) a-iv, b-iii,c-ii,d-i
(c) a-ii, b-iv,c-i,d-iii
(d) a-iv, b-i,c-iii,d-ii
70. Match the following constructs with underlying theories on dividend decisions :
List I List II
Dividend Constructs Theories on Dividend
(a) Bird-in-the hand argu1nent (i) M-M theory
(b) Irrelevance of dividends (ii) Walter Model
(c) Interdependence of investn1ent and (iii) Lintner Model
dividend decisions
(d) Tax considerations in dividend decisions (iv) Gordon n1odel
Choose the correct options from those given below :
(a) (a)-(ii), (b)-(i), (c)-(iii), (d) -(iv) (b) (a)-(iv), (b) -(iii), (c) -(i) , (d)-(ii)
(c) (a)-(iii), (b)-(ii), (c) -(i), (d) -(iv) (d) (a)-(iv), (b) -(i), (c) -(ii), (d)-(iii)
76. Budgeting is closely related to planning in an organisation. It involves four stages and their
correct sequence is
(a) Setting the objectives, specifying the goals, laying down the strategies, preparation of budget
(b) Setting the objectives, laying down the strategies, specifying the goals, preparation of budget
(c) Laying down the strategies, setting the objectives, specifying the goals, preparation of budget
(d) Specifying the goals, setting the objectives, laying down the strategies, preparation of budget
Module 6: Strategic Management [Unit–VI]
30. Which of the following is NOT the characteristic of “Hyper Competition”?
(a) Competitions get bold. Aggressive and hostile with dynamic movements
(b) Shorter product and design life cycles
(c) Uncertainty in business environment increases along with heterohenicity
(d) Financing cost becomes high
45. According to Mintzberg’s model of strategic decision making its modes are:
(a) Entrepreneurial adaptation and planning
(b) Managerial incrementalisation and judgement
(c) Judegemental managerial and leadership
(d) Judgemental managerial and leadership
Which of the following options is correct?
(a) a, b and d only
(b) a and c only
(c) b and c only
(d) b, c and d only
46. ‘Collusion’ is one of the co operative strategies in business combination that
(a) May be explicit
(b) May be tacit
(c) May reduce technological risk
(d) May be illegal in many countries
Which of the following option is correct?
(a) Only a and b
(b) b, c and d
(c) a, b and c
(d) a, b and d
56. Gains to corporate restricting originates and derived from
(a) Resource re allocation
(b) Market power
(c) Macro conditioning
(d) Operating synergy
Which option is correct?
(a) a and b only
(b) b and d only
(c) a, b and d
(d) a, b and c
71. Match List I with List II
List I
(Strategy)
(a) Merger
(b) Acquisition
(c) Takeover
(d) Hostile bid
List II
(Example)
(i) HUL-TOMCO
(ii) Kelvinator-Whidpool
(iii) Diarnlerchrysler-AG
(iv) L & T Technology-Mind Tree
Choose the correct option from the given below :
(a) (a)-(i), (b) -(ii), (c) -(iii), (d) -(iv)
(b) (a)-(iii), (b)-(ii), (c) -(iv), (d)-(i)
(c) (a)-(ii), (b)-(iv), (c) -(i)1 (d)-(iii)
(d) (a) -(iii), (b)-(i), (c) -(ii), (d) -(iv)
82. Which of the following sequence are the steps of ‘QUEST’ technique of external economic
analysis?
(a) Conceptualization Phase – Evaluation Phase – Feedback Phase – Analysis Phase
(b) Preparation Phase – Divergent Planning Phase – Option identification Phase -Scenario Development Phase
(c) Development Phase – Scanning Phase – Evaluation Phas e – Strategic Implementation Phase
(e) Scanning Phase – Segmentation Phase – Generative Phase – Review Phase.
88. Given below are two statements labelled as Assertion (A) and Reason (R). Read the
statements and answer the question that follows :
Assertion (A) : The basic thrust of strategic decision making in the process of strategic
management is to make a choice regarding the courses of action to adopt,
which is the primary task of the senior management.
Reasons(R): This is so because the basic concern in strategic management is to seek
answers to questions. What is our business? What will it be? and what
should it be?
Which of the following options is correct’?
(a) Both the statements (A) and (R) are correct and (R) is the right explanation of (A)
(b) Both the statements (A) and (R) are correct but (R) is not the right explanation of (A)
(c) Statement (A) is correct but statement (R) is incorrect
(d) Both statements (A) and (R) are incorrect
Module 7: Marketing Management [Unit-VI]
6. A forcasting technique in which the group consists of persons who are physically dispersed and are anonymous to one another is called
(a) Delphi Technhique
(b) Brain storming Techinque
(c) Heuristic ideation technique
(d) Decision tree technique
17 Customer Life Time Value (CLV) in the first yrar is
(a) CLV (a) = m × r/((1+d))
(b) CLV (a) = m +r/((1+d))
(c) CLV (a) = m – r/((1-d))
(d) CLV (a) = m × r/((1-d))
29. Public relations as a part of promotion in marketing refers to
(a) Mangement of reputation of the company
(b) Promoting products brands of the company
(c) Manging an event of the company
(d) Conducting publicity campaigns around relevant issues
31. Concept testing, test marketing and product testing are parts of which of the following?
(a) Innovation- Diffusion process
(b) Product life cycle
(c) New product development
(d) Market development
32. Modern organosed retail business has a multitude of formats. These formats can be classified according to the following:
(a) Merchandise offered only
(b) Size of the store area only
(c) Customer groups only
(d) Merchandise offered and size of the store area
33. In service Quality GAPS model propsed by parasuraman et.al, Gap 4 refers to
(a) Difference between the service level expected by the customer and the service level received by customer
(b) Difference between the service delivered and the promise made to the customer
(c) Differece between the service specifications adopted and service quality actually delivered
(d) Differece between the service expectations and service specifications given by the customers.
34. The system that provides an organization with sophisticated planning and control functionalities greater connectivity to its suppliers business partners and customers is described as
(a) Customer Relationship Management (CRM)
(b) Manufacturing Resource Planning (MRP)
(c) Enterprise Resource Planning (ERP)
(d) Economic Order Quantity (EOQ)
38. Spin in Market targeting refers to
(a) Systematic investment planning
(b) Short input processing
(c) Segment investing portfolio
(d) Segment invasion plan
47. To keep the brand live, contemporary and relevant, marketer a variety of measures such as
(a) Brand extension
(b) Brand rejuvenation
(c) Brand relaunch
(d) Brand proliferation
Which of the following is correct?
(a) a and b only
(b) a and c only
(c) a, b and c only
(d) a, b, c and d
48. Direct marketing is carried out in variety of ways. Some of the main forms of direct marketing are
(a) Mail order marketing
(b) Telemarketing
(c) Online marketing
(d) Direct selling
Which of the following option is correct?
(a) a, b and c only
(b) a, b, c and d only
(c) a, b and d only
(d) a and c onlyl
49. The strategic issues to which a retailing firm has to respond are:
(a) Location decisions
(b) Brand building decisions
(c) Merchandise mix decisions
(d) Target market selection
Which of the following option is correct?
(a) a, b and c only .
(b) a and c only
(c) a, b , c and d
(d) a, c and d only
50. Grounds for market segmentation based begaviour are:
(a) Benefit sought
(b) Life style
(c) Purchase occasion
(d) Usage rate
Which of the following option is correct?
(a) a and b only
(b) a,c and d only
(c) a, b and c only
(d) a, b, c and d only
72. Match List I with List II :
List I
(Branding Strategy)
(A) Line Extension
(B) Brand Extension
(C) Multi Brands
(D) Co-branding
List II
(Meaning)
(i ) New product category and existing brand name
(ii) Existing product category and existing brand name
(iii) Existing product category and new brand names
(iv) Putting two established brand names of different companies on the same product
Choose the correct option from the given below:
(a) (A)-(i), (B)-(ii), (C)-(iii), (D) -(iv)
(b) (A)-(ii), (B)-(i), (C)-(iii), (D) -(iv)
(c) (A)-(iii), (B)-(i), (C)- (ii), (D) -(iv)
(d) (A)-(i), (B)-(iii), (C)- (ii), (D) -(iv)
73. Match the following product categories and quality certification mark(s).
Product Categories Quality Certification Marks
(a) Gold and silver jewellery (i) ISI Mark
(b) Agricultural products (ii) FPO Mark
(c) Industrial products (iii) BIS Halln1ark
(d) Processed food products (iv) AGMARK
Choos e the correct 1natch fro1n the opt ion s given below :
(a) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)
(b) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)
(c) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
(d) (a)-(iii), (b)-(iv), (c) -(i), (d)-(ii)
80. There are 7 elements of personal selling which are followed in certain sequence at the time of making sales to customers by salesperson. The cor1•ect sequence is
(a) Prospecting. approach. pre-approach. presentation. ove1•coming objections. follow-up. closing
(b) Pre-approach. approach. prospecting. presentations. overcoming objections. follow-up,closing
(c) Prospecting. pre-approach. approach. presentation. overcoming objections. closing, follow-up
(d) Approach. prospecting. pre-approach. overconnng objections. presentation, closing, follow-up
86. Given below are two staten1ents labelled a s Assertion (A) and Reason (R).
Assertion (A): Every product or service should be branded otherwise they will be treated a s co1n1nodity.
Reasons (R) : If the product or service is branded then it alwa ys conunands a higher price.
Read the state1nents and choose the correct answer from the options given below :
(a) Both (A ) and (R.) are correct and (R ) is the right explanation of (A )
(b) Both (A ) and (R.) are correct and (R) is not the right explanation of (A)
(c) (A) is correct but (R) is incorrect
(d) Both (A) and (R) are correct
87. Given below are two statements labelled as Assertion(A) and Reason (R.). Read the
statements and answer the question that follows :
Assertion (A) : International product standardisation 1s least costly in terms of both manufacturing and marketing costs for the company. So companies should
bring uniformity in their marketing mix elements
Reasons (R.) : No change in the product itself is required for marketing overseas but many items may require some adaptation for making them suitable to the foreign markets.
Which of the following options is correct?
(a) Both the statements (A) and (R.) are correct and (R.) is the correct explanation of (A)
(b) Both (A) and (R) are correct but (R.) is not the correct explanation of (A)
(c) Statement (A) is correct but (R.) is incorrect
(d) Both statements (A) and (R) are incorrect
Module 8: Statistics for Management & Operations Management
Part A: Statistics for Management [Unit-VIII]
16.Homogenous subjects in the sampling are called
(a) Clulsters
(b) Samples
(c) Sample sizes
(d) Strata
52. Identify the correct combination of properties of point estimates from the options given below:
(a) Efficiency
(b) Consistency
(c) Adequacy
(d) Unbiasedness
Choose correct option:
(a) a, b and c
(b) b, c and d
(c) a, c and d
(d) a, b and d
53. At a given significance level, sample results in the rejection region are called
(a) Statistically significant
(b) Statistically insignificant
(c) Statistically critical
(d) Confidence interval
Select correct option:
(a) a and c only
(b) b and c only
(c) a and b only
(d) a and d only
54. The difference between the point estimate and the value of population parameter being estimate is known as
(a) Sampling error
(b) Estimate error
(c) Probable error
(d) Standard error
Choose the correct option from the options given below:
(a) a and c only
(b) c and d only
(c) a and b only
(d) a, b and c only
55. Identify the right combination of primary data collection methods from the following:
(i) Observation
(ii) Experimentation
(iii) Corporate database
(iv) Survey method
Choose the correct option:
(a) a and d only
(b) c and d only
(c) a, b and d
(d) a, b and c
90. Given below are two statements labelled as Assertion (A) and Reason (R). Read the statements and answer the question that follows:
Assertion (A) : The addition of independent variable(s) causes the predictions error to become smaller
Reasons (R) : With addition of independent variable, R2 becomes larger to cause smaller prediction error
Which of the following options is correct?
(a) Both statements are correct and (R) is the correct explanation of (A)
(b) Both statements are true and (R) is not the correct explanation of (A)
(c) Statement (A) is correct and Statement (R) is incorrect
(d) StEaxtaemmraecnet (R,) is correct and Statement (A) is incorrect
Part B: Operations Management [Unit-VIII]
14. In Queuing Theory.statistical pattern by which customers arrive over a period of time. Follows
(a) Binomial distribution
(b) Normal distribution
(c) Poisson distribution
(d) Long normal distribution
18. Which an activity is not connected to any of intermediate or end event and has no bearing on the project completion is known as
(a) Dangling
(b) Looping
(c) Dummy
(d) Slack
35. The situation of simultaneous satisfaction of row minima and column minima rule is termed as
(a) Unboundedness
(b) Infeasibility
(c) Degeneracy
(d) Post optimality analysis
36. Which of the following informations systems at the management level of an organization serces the functions of planning controlling and decision making by providing routine summary and exception reports?
(a) Mangement information system
(b) Artificial intelligence system
(c) Executive support system
(d) Decision support system
51. Which of the following describes a combination of manufacturing systems designed to ensure that, theoretically, 100 percent good units folw to subsequent operations?
(a) Autonomation
(b) Autonation
(c) Bakayoke
(d) Kaizen
Select correct option:
(a) a and b only
(b) b and c only
(c) a and c only
(d) c and d only
89. Two statements given below are labelled as Assertion (A) and Reason (R). Read the
statements and answer the question that follows.
Assertion (A) : Plant location is often oriented toward dominant factors such as raw
material sources while warehouse location is definitely distribution oriented.
Reason (R.) : Plant location decision is driven by the competition and competitor while the warehouse location decision is exclusively driven by the cost considerations.
Which of the following options is the correct?
(a) Both statements are correct and statement (R) is the correct explanation of statement (A)
(b) Both the statements are correct and statement (R) 1s not the correct explanation of (A)
(c) Statement (A) is correct and statement (R) is not correct
(d) Statement (R.) is correct and statement (A) is not correct
Module 9: International Business & Information Technology
Part A: International Business [Unit–IX]
12. Which one of the following countries is not the member of the Shanghai Cooperation Organisation (SCO)?
(a) China
(b) Pakistan
(c) India
(d) Japan
37. Theory of comparative advantage given by David Ricardo in 1817 is
(a) Two commodity and one factor theory
(b) Two commodity and two factor theory
(c) Two country two commodity and two factor theory
(d) Two country two commodity and one factor theory
40. Which one of the following is not a source of opportunity identification?
(a) Employees and ex employees
(b) Dealers and Distributors
(c) Policy Documents
(d) Friends and relatives
62. Assertion (A): Foreign trade is an important instrument that incentivize the exporters of the country.
Assertion (R): It is important for exporters of our country to have knowledge of foreign trade policy.
Which of the following options is correct?
(a) Both A and R correct and R is the correct explanation of A
(b) Both A and R correct and R is not the correct explanation of A
(c) A is correct but R is not correct
(d) Both A and R are correct
81. These ar e five distinct International Expansion Entry modes Which are followed by businesses for entering inter national markets. Their correct sequence is
(a) Licensing .. Franchising. Expor ting. Partnering. Strategic Alliance
(b) Strategic Alliance. Exporting. Licensing. Partnering. Franchising
(c) Exporting. Strategic.Alliance, Part nering, Licensing. Franchising
(d) Exporting. Licensing, Franch ising. Par tnering, Strategic Alliance
83. International negotiation is a seven step process coin prising of the following :
(a) Infonnation exchange and offer
(b) Concession
(c) Preparation
(d) Building a relationship
(e) Strategy
(f) Persuasion
(g) Agreen1ent
Which of the following sequence is in the right order?
(a) (e), (c), (a), (f), (g) (b) and (d)
(b) (c) , (e), (d), (a), (f) (b) and (g)
(c) (g), (c), (e), (f), (d) (a) and (b)
(d) (d), (a), (c), (e), (f) (g) and (b)
Part B: Information Technology [Unit-IX]
NIL
Module 10: Entrepreneurship Development [Unit–X]
43. As per RBI guidelines (2008) an MSME is considered to have reached the stage of incipient sickmess if the following events are triggere:
(a) When there are cost overruns because of delaly in commencement of commercial production by more than 6 month
(b) The enterprise incurs losses for 2 years or cash loss for one year
(c) The capacity utilization is less than 50 percent of the projected level in term of sales
(d) There is an erosion in the net worth due to accumulated cash losses to the extent of 50 percent of net worth during the previous accounting year
58. Entrepreneurs are motivated to start business enterprises because of various factors:
(a) Ambitious factors
(b) Compelling factors
(c) Facilitating factors
(d) Family factors
Which of the following options is correct?
(a) a, b and c only
(b) a and c only
(c) a and d only
(d) a, b, c and d
74. Match List I with List II
List I (Theories of International Trade)
(a) Theory of Absolute Advantage
(b) Factor Proportion Theory
(c) Country Similarity Theory
( d) Product Life Cycle Theory
List II (Propounder (s))
(i) Rayrnond Vernon
(ii) Steffan Linder
(iii) Heckscher Ohlin
(iv) Adan1 S1nith
Choose the correct option from the given below:
(a) (a)-(i), (b) -(ii), (c) -(iii), (d) -(iv)
(b) (a) -(iv), (b)-(ii), (c) -(iii), (d)-(i)
(c) (a) -(iv), (b) -(iii), (c)-(ii), (d)-(i)
(d) (a)-(iii), (b)-(ii), (c) -(iv), (d)-(i)
75. An MNC wants to invest in India. Of the following entry modes, select the right order in terms of increasing risk?
(a) Co-operative joint venture
(b) Branch office
(c) Portfolio investment
( d) Wholy owned subsidiary
(e) Equity joint venture
Select correct option :
(a) (d), (c), (e), (a) and (b)
(b) (a), (b), (e) , (d) and (c)
(c) (b), (a), (e), (c) and (d)
(d) (c), (a), (e), (b) and (d)
84. Marketing feasibility of any idea includes the follo’vving aspects :
(a) Current and future dernand esti1nates
(b) Market segn1entation and identification of target rnarkets
(c) Co1npetition analysis
(d) Market testing
Which of the following option are correct?
(a) (a), (b) and (c) only
(b) (b), (c) and (d) only
(c) (a) and (b) only
(d) (a), (b), (c) and (d)
85. For marketing the products of MSME, marketing strategy has to be formulated which consists of 4Ps
(i) Product
(ii) Promotion
(iii) Place
(iv) Price
Which one of the following sequence is correct?
(a) (i), (ii), (iii) and (iv)
(b) (i), (iv), (iii) and (ii)
(c) (i), (ii), (iii) and (iv)
(d) (i), (iv), (iii) and (ii)
Comprehension (91 to 95)
Read the passage and attempt the questions that follow :
Kruger Corporation has recently implenmented a standard cost system. The management has
obtained the follmving informat ion for variance analysis:
(a) Standa1•d cost information :
Direct materials = Rs. 5 per kg.
Quantity allowed per unit =100 kg per unit
Direct labour rate =Rs. 20 per hour
Hours allowed per unit =2 hours per unit
Fixed oYerhead budget =Rs. 12.000 per 1nonth
Normal le,•el of production =1.200 units
Fixe d ove1•head application rate =Rs. 10 per unit
Variable overhead applicable rate =Rs. 2 per unit
Total overhead applicable rate = Rs. 12 per unit
(b) Actual cost infor1nation:
Cost of material purchased and consumed =Rs. 4.68.000
Quantity of 1naterial purchased and consumed =Rs. 1.04.000 kg
Cost of direct labour =Rs. 46,480
Hours of direct labour =2240 Hrs .
Cost of variable overhead =Rs. 2.352
Cost of fixed overhead =Rs. 12.850
Volume of production =1000 units
91. What is the direct rnaterials price variance, given an actual price of Rs . 4.50 per kg?
(a) Rs. 20,600 unfavourable (b) Rs. 48,600 favourable
(c) Rs . 52,600 favourable (d) Rs. 52,000 unfavourable
92. What is the material quantity variance?
(a) Rs. 26,000 favourable (b) Rs. 28,000 favourable
(c) Rs . 20,000 unfavourable (d) Rs. 29,000 unfavourable
93. What is the labour efficiency variance?
(a) Rs. 4,800 unfavourable (b) R.s. 4;800 favourable
(c) Rs. 4,200 favourable (d) Rs. 1,200 unfavourable
94. Obtain the overhead spending variance.
(a) Rs. 29,202 unfavourable (b) R.s. 1,200 favourable
(c) Rs. 1,202 unfavourable (d) Rs . 15,202 favourable
95. What is the overhead volume variance?
(a) Rs. 4,600 favourable (b) Rs. 4,000 unfavourable
(c) Rs . 2,200 unfavourable (d) Rs. 2,000 unfavourable
Read the passage and attempt the questions that follow :
Dinesh. a young executive. joined Softech Co. three months back. Coming with a brilliant academic record. he played key role to revamp the company’s finance and management
procedures for which he was recognized by the 111anagen1ent. But now his performance has come down with mistakes found in most of his actions. Several things transpired against him. His only son turned spastic and he was overlooked for promotion against a new comer. This witnessed him becoming less popular among staff.
Adding to that. a mild flirtation with a female employee was blown out of proportion. Dinesh has became emotionally and professionally depressed with morale down and seemed loosing self-confidence badly.
96. As HR Manager which life positions in Transactional Analysis would you expect Dinesh to have?
(a) I’m Ok, You are Ok
(b) I’m not Ok, You are Ok
(c) I’m Ok, You are not Ok
(d) I’m not Ok, You are not Ok
97. Which type of pro1notion policy would you reco1nn1end to Softech Co.?
(i) Career ladder
(ii) Merit Based
(iii) Accretion of duties
(iv) Competitive and non-competitive
Choose the correct option from the following
(a) (i) and (ii)
(b) (ii) and (iii)
(c) (iii) and (iv)
(d) (i) and (iii)
98. As HR Manager, which counseling mode would you choose for Dinesh?
(a) Developn1ental mode
(b) Open ended mode
(c) Disciplinar y mode
(d) Unbiased mode
99. The HR Manager should impart which of the following skills to Dinesh?
(a) Technical skills
(b) Peoples skills
(c) Com1nunication skills
(d) Negotiating skills
100. Which management approach should the HR Manager deploy for Dinesh here?
(a) HR Approach
(b) Contingency Approach
(c) Systen1s Approach
(d) Interactionalisn1 Approach