MANAGEMENT PORTAL

Wednesday, January 9, 2013

UGC NET - MANAGEMENT- PAPER—II DEC 2006

1. Price elasticityof demand for luxury goods will be :

(A) Relatively elastic (B) Relatively inelastic

2. In the short run, profit maximisingfirm produces additional units of production, aslong as :

(A) Elasticity of demand is infinite

(B) Total revenueis increasing

(D) Additional revenue per unit exceeds additional cost per unit

3. In the typical demand schedule, quantitydemanded :

(A) varies directly with price (B) varies indirectlywith price

4. Shut down point is that point where price is :

(A) Less than variable cost (B) Equal to variable cost

5. Which is not an instrument of monitory policy ?

(A) Bank rate (B) Tax policy

6. The assumption that conflict betweenthe organisation (if limited to the economiccontext only) leads to innovativeness and the new product development, technologicaladvancement and better services at low prices,refers to :

(A) Law of diminishing return (B) Cost reduction strategy

7. Cognitive reorganisation and reinforcement takes place in which of the followingstages of adoption :

(A) Implementation (B) Proposal

8. Those functionsin an organisation, which are perceived to be directlycontributing to the organisation’s objectives, are known as :

(A) Staff function (B) Corporatefunction

9. The assumptions about human nature (i) work is inherently distasteful to most people (ii) most people would like to be directed,and (iii) most people have little or no creativity are propounded by :

(A) Hygiene Theory (B) Maslow’s Theory

10. Objectives of communication

(i) to seek compliance and ensure uniformity in action

(ii) to meet deadlinesand production targets

(iii) to disseminate information to a larger number of people, and

(iv) save cost in terms of time and money refers to :

(A) One-way communication (B) Two-way communication

11. Theprocess of establishing the value of jobs in a Job hierarchy, is known as :
(A) Job Analysis (B) Job Evaluation

12. Standing Labour Conference (SLC) was constituted in line with the recommendations of Royal Commission on Labour in the year :

13. Theart of estimating a person’scharacter etc., from the handwriting, is known as :
(A) Physiognomy (B) Phrenology

14. Which of the followingare not significant causal factorsfor grievances ?
(A) Wages, working conditions and supervision

(B) Management policies, practices and maladjustment of employees

(D) None of the above

15. The methodof management development which purports to develop awareness and sentiments to one’s own and others’ behavioural patterns, is known as :

(A) StructuredInsight (B) The syndicate system

16. In capital lease depreciation is claimed by :

(A) Lessor (B) Lessee

17. Corporate control is maintained intact by issuingshares through :
(A) Public offer (B) Rights issue

18.	Convertible bond is :
	(A) Debt+Warrant	(B)	Debt+Cash
	(C) Debt+Share	(D)	None of the above

19. In a merger bargain, the exchange ratio is determined on the basis of :

(A) Potential of merging company

(B) Issued capitalof the two companies

(D) Future value of companyto the acquirer

20. Corporate-Governance dealswith value creationfor :

(A) Corporate (B) Shareholders

21. State which one is not a function of marketing :
(A) Identification of customers needs and wants
(B) Productplanning and development

(D) Communicating

22. “Marketing mayopia”is based upon :

(A) current productofferings (B) forecasting the future productoffering

23. Marketing information system is the system of information that flows to assist :

(A) Promotional programmes

(B) Sales personnels development

(D) Marketing-mix

24. SWOTanalysis is analyticaltool for having :
(A) Comperativeadvantage

(B) Competitive advantage

(D) None of the above

25. Consumers are aware of damages caused by packaging, product process, so theyprefer :

(A) Social marketing concept (B) Green marketing concept

26. A L.P.P. will have an unbounded solutionif :
(A) The objectivefunction is non linear

(B) If all the basic solutionsvanish

(D) If for all j, for which yij≤0, Zj−Cj is positive

27. Just-in-time inventory system implies :
(A) EOQ in purchase orders

(B) Production lots in manufacturing process

(D) Production quantities ideally equal to delivery quantities

28. The CriticalPath of a network is :

(A) for which earliest start time and latest start time are same

(B) the shortesttime path througha network

(D) the longest time path througha network

30. AQL (Acceptable Quality Level) is :

(A) Quality level acceptable in the society

(B) Fraction defective (f) that the user considers acceptable

(D) Quality level acceptable in the industry

31. The two lines of regression are 3x+2y=26 and 6x+y=31 then the mean of X is :
(A) 3 (B) 4 (C) 7 (D) 9

32. A speaks the truth in 70 percent cases and B in 80 percent cases. The probability that they will contradict each other in describing a single event :

(A) 0.36 (B) 0.38 (C) 0.4 (D) .42

33. A maximumlikelihood estimator is always :

(A) consistent (B) unbiased (C) efficient (D) none of these

35. Growing popularity of DBMS is due to :

(A) User friendliness (B) Report writing

36. Which of the followingterms is not a part of the BCG model ?

(A) Star (B) Cash cow (C) Cat (D) Dog

37. Thedimensions of Group Mapping are :
(A) Price versus Product-line breadth
(B) Priceversus Volume of production

(D) Total demand versus Market share

38. Which of the followingis not an element of the Porter’sGeneric competitive strategy model ?

(A) Cost leadership (B) Focus

39. Market entry strategies vary from country to country because of :

(A) Varied political environment (B) Varied culturalenvironment

40.	Policies of WTO are formulated by :
	(A) Heads of the member countries	(B)	Trading Blocks
	(C) Ministerial conference	(D)	None of the above

41. Which is not a socio-economic rationale for promotingSSI in

India

(A) Employment generation

(B) Export promotion

(D) Labour intensive

42. Which of the followingis not a part of incentives to SSI ?
(A) Subsidy to labour wages (B) Tax holidays

43. Theinterest rate for ‘bridge finance’is :
(A) lower than that of short-term loan
(B) equal to that of short-termloan

(D) nil

44. Which of the following organisations provide institutional support to SSI ?

(A) Indian Instituteof Foreign Trade (B) Tool Design Institute of SIDO
(C) Nationalized Banks (D) Ministry of Commerce

45. Technology Development and Modernization Fund is providedby :

(A) SIDBI (B) NABARD (C) KVIC (D) SIDO

46. “Ecology Paradigm”of management refers to :

(A) environmental management (B) stackholders’ management

47.	Social responsibility is not :
	(A) Legal behaviour	(B)	Legal compliances
	(C) Ethical compulsion	(D)	All of the above

48. Economic value added is the measure of :

(A) strategy evaluation (B) shareholders’ wealth

49.	Egalitarian behaviour refers to :
	(A) natural behaviour	(B)	moral behaviour
	(C) social behaviour	(D)	ethicalbehaviour

50. The processthrough which peopleare baptized to accept the tradition and maintain the homogeneity of ethos and behaviours is termed as :

(A) Induction (B) Orientation

UGC NET - MANAGEMENT - SOLVED PAPER -II JUNE 2012

1. Cardinal measure of utility is required in

(A) Utility Theory (B) Indifference Curve Analysis

2. A Right-ward shift in Demand Curve indicates

(A) A decrease in supply (B) An increase in quantity supplied

3. Which of the following is the condition for equilibrium for Monopolist ?

(A) MR = MC (B) MC = AR

4. Giffen goods are those goods

(A) for which demand increases as price decreases

(B) which are in short supply

(D) which gives rise to a Cob-Web situation.

5. Match List-I with List-II and select the correct answer using the codes given below the lists.

List – I (Demand Estimation Method) List – II (Steps involved)

(a) Customer Interview Method 1. Consumers Interview

(b) Market Experiment Method 2. Time series or Cross Section Data

(d) Demand Forecasts 4. Market Experiments’ Survey

Codes :

(a) (b) (c) (d)

(A) 1 3 4 2

(B) 1 3 2 4

(D) 4 2 1 3

6. Who divided all activities of the organisations into six groups ; Technical, Commercial, Financial, Security, Accounting and Managerial ?

(A) Peter Drucker (B) D. E. Mc Forland

7. What are the elements that a Mission Statement of an Organisation should include ?

(A) Self guidelines for Business Operations

(B) Identifies the reasons for existence of a company and its responsibilities to the stakeholders.

(D) All of the above (A), (B) and (C).

8. Changes in population characteristics such as age, gender, race, marital status, income and education are examples of change :

(A) Demographic (B) Cultural

9. Which of the following is not included as Micro-Environmental Variables ?

(A) Prevailing economic and political conditions. (B) Emerging new technologies

10. During his days at Midvale Steel Company F.W. Taylor saw that employees soldiering – deliberately working at a pace slower than their capabilities. He identified that, worker indulge in soldiering primarily for the following reasons :

(A) Fear of losing jobs if they increase their output. (B) Faulty wage systems.

11. Among the best known trait approaches to personality measurement – column A gives Traits and column B states the name of authority defining them. Match the correct combination

Traits Author

(A) 20 + needs Murray

(B) 16 traits Eysenck

(D) 5 traits Costa & Merree

12. “Third Party intervention” as “Conflict Resolution” is

(A) often required (B) seldom required

(D) not at all considered as an option

13. The policy of introducing “New Blood” is

(A) Steriotypic

(B) Bureacratic as well as redtapic

(D) Innovative, challenging, but often resisted

14. An “Assessment Centre” is

(A) A place

(B) A technique

(D) None of the above

15. “Organizational learning” and “Learning organization” are

(A) Same (B) Different

16. The value of the firm is maximized when the

(A) Market price of equity share is maximum (B) Market price of equity share is minimum

17. Which of the following is the main assumption of Waltar Valuation Model ?

(A) All financing is done through Retained earnings and external sources of funds.

(B) With additional investment the firms business risk will change.

(D) None of the above

18. Which of the following is an important money market instrument ?

(A) Debentures (B) Commercial Paper

19. The method of payment in Mergers and Acquisitions may include

(i) Cash (ii) Loan stock

(iii) Ordinary shares (iv) Convertible loan stock

(A) (i) & (iii) only

(B) (i) & (ii) only

(D) (ii) & (iv) only

20. Working capital refers to the capital mobilised for meeting

(A) Long-term financial needs of the company

(B) To meet day-to-day financial obligations of the company

(D) None of the above

21. Which of the following statement is true ?

(A) The essence of marketing is a transaction of an exchange.

(B) Marketing–orientation is philosophy, which has to pervade the organisation structure

(C) Marketing is also a managerial function involving analysis, planning and control marketing activities in an organisation

(D) All of the above

22. A marketing plan is composed of three basic components, namely

1. Objectives 2. Policies 3. Program 4. Procedure 5. Hints 6. Decision

7. Command 8. Periodic 9. Diversity

(A) 1, 2 and 3 only

(B) 6, 7 and 8 only

(D) 2, 3 and 9 only

23. Which of the following is not the stage of new product development ?

(A) Idea Generation (B) Business Analysis

24. Marketing research does not normally

(A) Gather environmental information

(B) Provide a continuous source of information

(D) Describe the current situation

25. Which of the following is not included in 7 P’s of services marketing ?

(A) Physical evidence (B) People

26. Which of the following is not the type of Plant Layout ?

(A) Product Layout (B) Process Layout

27. Which of the following factor is considered in the selection of a plant location ?

(A) Source of Raw-materials (B) Availability of water

28. Work measurement refers to

(A) the length of time it takes to complete a work task assigned to a specific job

(B) improving work methods

(D) planning the work and working the plans

29. The Graphical method can be used to solve

(A) A linear programming problem with all integer data base.

(B) A linear programming problem with two decision variables.

(D) A transportation problem with two origins and two destinations.

30. If two dice are thrown, the probability that the sum of their points is greater than 10 is

(A) 1/9 (B) 1/12 (C) 1/3 (D) 1/18

31. A Binomial distribution is characterized as (16,0.5) i.e. sample size is 16 and the probability of success is 0.5. The mean and variance of this distribution will be respectively

(A) 8, 4 (B) 8, 8 (C) 4, 8 (D) 4, 4

32. Two variables are said to be perfectly negatively correlated if

(A) Covariance between them is positive

(B) Coefficient of correlation between them is –1

(D) None of the above

33. Which type of sampling is appropriate when the population consists of well defined groups such that the elements within each group are homogeneous and between each group they are heterogeneous ?

(A) Cluster Sampling (B) Simple Random Sampling

34. Which of the following is not a type of internet connection ?

(A) ISDN (B) Dial-up

35. Match the following :

List – I List – II

(I) Poisson distribution has the property that - 1. Its mean is greater than Variance

(II) Normal distribution is a - 2. Symmetric distribution

(III) Chi-square distribution is - 3. Positively skewed distribution

(IV) Binomial distribution has the property that - 4. Its mean and variance are equal.

Codes :

(I) (II) (III) (IV)

(A) 4 2 1 3

(B) 4 2 3 1

(D) 2 4 3 1

36. WTO come into being in the year

(A) 1975 (B) 1985

37. Which of the following is not Porter’s generic strategy ?

(A) Focus (B) Cost Leadership

38. Globalization involves

(A) Free flow of technology from one country to another

(B) Free flow of investment from one country to the other

(D) All the above

39. Which is a short-term strategy for a firm ?

(A) Corporate strategy (B) Business strategy

40. Which is not a global entry strategy ?

(A) Exporting (B) Joint venture

41. Which one is not the characteristic feature of Entrepreneurship ?

(A) Vision (B) Risk Bearing

42. Which of the following organizations is meant for promoting small scale industries at district level ?

(A) SIDBI (B) DIC

43. The reason for sickness of small scale industry is

(A) Lack of capital (B) Lack of market

44. The measure taken by Government to promote small scale industry.

(A) Provision of land

(B) Provision of marketing facilities

(D) All the above

45. Small and medium enterprises are

(A) Labour intensive (B) Capital intensive

46. Business propositions are to be selected by making an analysis that, how much the local resources will be depleted in the commencement and the course of Business. This is known as

(A) Sensitivity Analysis (B) Common Property Resource use

47. Whistle-Blowers are

(A) to be removed from the jobs

(B) to be promoted

(D) to be protected since they intend to bring out truth

48. Funding through Micro finance to Small and Micro Enterprises is not successful due to

(A) High rate of interest (B) Out sourcing of method of providing Micro Finance

49. “Work-Diversity” by nature, does not go against Ethics. But an executive assistant while getting transferred from “stores” to “despatch” section created turmoil in the office. He is

(A) Most ethical in his deal (B) Fully against work ethics

50. Ethical Management is

(A) A Compromise (B) A Compulsion

ANSWERS

1 A 2 C 3 A 4 A 5 B 6 C 7 B 8 A 9 D 10 D 11 A 12 C

13 D 14 B 15 D 16 A 17 A 18 B 19 C 20 B 21 D 22 A 23 D 24 B

25 D 26 D 27 D 28 A 29 B 30 B 31 A 32 B 33 C 34 D 35 B 36 C

37 D 38 D 39 D 40 D 41 D 42 B 43 D 44 D 45 A 46 C 47 D 48 C

49 B 50 A