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Latest KEA Assistant Professor Management Exam Question (Objective Questions), MCQ in English

Subjects : Management

Question Bank KEA Assistant Professor (Management) Exam Paper 4 - English
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Management

Question 1Single Answer
Indicate the correct code for the scope of managerial economics from the following :
(a) Demand Analysis
(b) Production and Cost Analysis
(c) Pricing and Investment Decisions
(d) Factor pricing Decisions
(e) Economic Environmental Analysis
     Codes :
  1. A
    (a), (b), (c), (d)  
  2. B
    (b), (c), (d), (e)
  3. C
    (a), (b), (c), (e)  
  4. D
    (a), (c), (d), (e)
Question 2Single Answer
Which one of the following will be the appropriate pricing strategy for a new product expecting an expanding market?
  1. A
    Monopoly pricing
  2. B
    Skimming pricing
  3. C
    Penetrating pricing
  4. D
    Differential pricing
Question 3Single Answer
Match the items of the List-I with those of the List-II and suggest the correct code from the following :
      List-I                                  List-II
(a) Loss Leader               (i) Locational price differentials
(b) Unchanged Pricing     (ii) Products with high initial demands
(c) Basing Point Pricing   (iii) Product line pricing     
(d) Skimming Pricing       (iv) Oligopoly pricing
    Code :
  1. A
    (a)    (b)    (c)    (d)
    (i)    (ii)    (iii)    (iv)
  2. B
    (iii)    (iv)    (i)    (ii)
  3. C
    (iv)     (ii)    (i)    (iii)
  4. D
    (iii)    (i)    (ii)    (iv)
Question 4Single Answer
In case the firm makes varying investments on the different investment projects, the appropriate project evaluation technique would be, which one of the following?
  1. A
    Average annual rate of return technique
  2. B
    Pay back period technique
  3. C
    Net present value technique
  4. D
    Profitability index technique
Question 5Single Answer
According to Henry Fayol, which one of the following combinations of qualities are required in a manager?
  1. A
    Physical, mental, experience, educational and conceptual.
  2. B
    Technical, human, conceptual, mental and moral.
  3. C
    Physical, mental, moral, educational, technical and experience
  4. D
    Mental, moral, conceptual, educational, technical and experience.
Question 6Single Answer
The following is the demand function :
Q =100-5P
What will be the point price elasticity of demand at price 10?
  1. A
    2.00
  2. B
    1.00
  3. C
    0.85
  4. D
    0.50
Question 7Single Answer
Match the items of List-1 with the items of List-2  and select the code of correct matching :
List-1
(a) sales revenue maximization
(b) maximization of a firm's growth rate
(c) maximization of managerial utility function
(d) Satisficing behaviour model
List-2
(1) Williamson's model
(2) Cyert-March Hypothesis
(3) Baumol's Theory
(4) Marri's Theory
  1. A
    Codes:
    (a)   (b)   (c)   (d)
    (3)   (4)   (1)   (2)
  2. B
    (1)  (2)  (4)  (3)
  3. C
    (2)  (3)  (1)  (4)
  4. D
    (4)  (3)  (2)  (1)
Question 8Single Answer
Assertion (A) : the perceived risk of operating a domestic firm in international environment is much higher.
Reason (R) : the international environment is more volatile and the domestic firm generally does not have full information about the environment.
  1. A
    Codes :
    Both (A) and (R) are correct.
  2. B
    Both (A) and (R) are incorrect.
  3. C
    (A) is correct while (R) is incorrect.
  4. D
    (A) is incorrect while (R) is correct.
Question 9Single Answer
Statement-1 : the accept-reject approach is adopted generally when a firm has a large amount of funds to invest in several projects at the same time.
Statement-2 : Both the NVP and the IRR methods of investment appraisal are based on discounted cash flow approach.
  1. A
    Both the statements are correct.
  2. B
    Both the statements are incorrect.
  3. C
    Statement-1 is correct while statement-2 is incorrect.
  4. D
    Statement-1 is incorrect while statement-2 is correct.
Question 10Single Answer
Which process is used by a person (perceiver) to deal with conflicting messages and conflicting data?
  1. A
    Halo effect
  2. B
    The process of checking
  3. C
    Perceptual defence
  4. D
    The process of reacting
Question 11Single Answer
Which one of the following assumptions is not related to consumer behaviour based on the Cardinal utility approach ?
  1. A
    Rationality
  2. B
    Diminishing marginal utility of money
  3. C
    Utility cardinally measurable
  4. D
    Maximization of satisfaction with limited money income
Question 12Single Answer
Statement 1 : a rectangular hyperbola shaped demand curve has uniform slopes on all its points.
Statement 2 : If the price elasticity is equal to Unity, the marginal revenue corresponds to zero.
  1. A
    Codes :
    both the statements are correct.
  2. B
    both the statements are incorrect.
  3. C
    statement 1 is correct while Statement 2 is incorrect.
  4. D
    Statement 1 is incorrect while Statement 2 is correct.
Question 13Single Answer
Match the items of list-1 with the items of list-2 and find the correct combination :
List-1 (Market Structure)
(a) Perfect competition
(b) Oligopoly
(c) Monopoly
(d) Monopolistic competition
List-2 (Nature of industry where prevalent)
(1) Aluminium and passenger cars
(2) public utilities like telephones and electricity
(3) manufacturing : T.V sets, refring-erators
(4) Farm Products : Grains
  1. A
    Codes :
    (a)  (b)  (c)  (d)
    (1)  (2)  (3)  (4)
  2. B
    (4)  (1)  (2)  (3)
  3. C
    (3)  (4)  (1)  (2)
  4. D
    (2)  (3)  (4)  (1)
Question 14Single Answer
Statement-1 : In general, the MVP and IRR methods lead to the some acceptance or rejection decision when a single project is involved.
Statement-2 : The inconsistency in ranking of competing projects as per the NVP and IRR methods lies in the implicit assumptions with regard to different rates of returns on re-investment of intermediate cash flows.
  1. A
    Codes :
    both statements are.
  2. B
    both statements are incorrect.
  3. C
    Statement-1 is correct while Statement-2 is incorrect.
  4. D
    Statement-1 is incorrect while Statement-2 is correct.
Question 15Single Answer
Which one of the following is not covered in macro-economics?
  1. A
    performance of the entire economy
  2. B
    price and output determination of a commodity
  3. C
    factors and forces of Economics fluctuations
  4. D
    Monetary and fiscal policies
Question 16Single Answer
If the demand for using the Noida Express way is given by :
Q = 40,000 - 2500 P
Where Q is the number of users (vehicles) and P is the amount of toll collected per unit who uses the express way. In light of this information which of the following is true :
  1. A
    At P = Rs.6 and Q = 14000; demand is price inelastic.
  2. B
    At P =  Rs.7 and Q = 16,500; demand is unitary elastic.
  3. C
    At P = Rs. 4 and Q = 9500; demand is Price elastic.
  4. D
    All of the above
Question 17Single Answer
If a 100 % scale -efficient plant has 92 % technical efficiency and 88.5 % allocative -efficiency, thrn its overall efficiency will be :
  1. A
    88.5 %
  2. B
    90.25 %
  3. C
    93.0 %
  4. D
    81.42 %
Question 18Single Answer
The market share data for an industry, comparison five companies, it's given below :
Company.                       Market Share (%)
 A.                                       35
 B.                                        25
 C.                                        18
 D.                                        12
E.                                       10
This  industry's three- firms Herfindahl-Hirschman index shall be :
  1. A
    0.234
  2. B
    0.217
  3. C
    0.151
  4. D
    0.0175
Question 19Single Answer
For an economy which consists of single automobile maker and that in Year 2014, 30000 vehicles are produced with an average price of 500000 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4 % greater automobile production and 8% inflation.
  1. A
    4.0 %
  2. B
    12.0 %
  3. C
    6.0 %
  4. D
    12.32 %
Question 20Single Answer
Demand Policies targeted to reduce the unemployment become ineffective in presence of the following :
  1. A
    Vertical Phillips curve
  2. B
    Money Illusion and ignorance among workers
  3. C
    Horizontal Phillips curve
  4. D
    None of the above
Question 21Single Answer
In the market- oriented system, for the allocation of resources which one the following is the most appropriate convevyor of information ?
  1. A
    Finance Ministry
  2. B
    Central Bank
  3. C
    Market Price
  4. D
    Advertisement Expenditure 
Question 22Single Answer
A company supplies 20 units of a particular products per month, at a price of Rs 10 per unit. Is price elasticity of supply is 5, how many units would be company supply at a price of Rs 15 ?
  1. A
    50
  2. B
    70
  3. C
    40
  4. D
    5
Question 23Single Answer
Which characteristic is not likely to be a part of perfect competition ?
  1. A
    Absence of indepence
  2. B
    Deadweight loss is non-existent
  3. C
    Strong rivalry
  4. D
    Absence of advertisement
Question 24Single Answer
Match the items given in List-I and List-II by considering which of the following are macroeconomic issues and which are macroeconomic ones :
           List-I.                                                                      List-II
a. The level of government revenue.                         (i) Microeconomic
b. The rate of inflation                                                (ii) Microeconomic
c. The price of T.V. set
d. The amount saved last year by households
  1. A
    Codes :
    (a).             (b).            (c).             (d)
    (ii).              (i).             (i).             (ii)
  2. B
    (ii).             (i).             (ii).             (i)
  3. C
    (i).             (ii).            (ii).             (ii)
  4. D
    (ii).           (ii).             (i).             (ii)
Question 25Single Answer
In the recent years, World economy has witnessed the unfluence of unconventional monetary policy of the U.S.A. This policy stanse is known as :
  1. A
    Bank rate
  2. B
    Taylor rule
  3. C
    Reserve Requirement
  4. D
    Quantitative easing
Question 26Single Answer
In the case the price (P), quantity (Q), and changes (∆) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by :
  1. A
    Ed = ∆Q / ∆P
  2. B
    Ed = (∆Q/Q)/( ∆P/P)
  3. C
    Ed = (∆P/P)/ (∆Q/Q)
  4. D
    Ed = (∆P/P)/( ∆Q/Q)
Question 27Single Answer
Law of Diminishing Return applies when the gaps among the successive 'multiple level of output' isoquants :
  1. A
    decreases
  2. B
    remains constant
  3. C
    increases
  4. D
    remains irregular
Question 28Single Answer
In case of the demand elasticity under imperfect competition in utility, the marginal revenue will be :
  1. A
    more than utility, but less infinity.
  2. B
    Equal to Unity
  3. C
    less than Unity, but more than zero
  4. D
    Equal to zero
Question 29Single Answer
Rice in general price level alongwith declining output in the economy is called ?
  1. A
    Inflation
  2. B
    Deflection
  3. C
    Stageflation
  4. D
    Demand -pull inflation
Question 30Single Answer
National income equilibrium is not at the level where :
  1. A
    aggregate investment equal aggregate savings
  2. B
    aggregate expenditure equal aggregate income
  3. C
    Inflationary and deflationary gaps are absent
  4. D
    aggregate consumption is constant
Question 31Single Answer
Management is best defined as?
  1. A
    Art of computer programming
  2. B
    Process of planning, organizing, leading and controlling resources
  3. C
    Only financial management
  4. D
    Production of goods only
Question 32Single Answer
The primary function of management is?
  1. A
    Advertising
  2. B
    Profit distribution
  3. C
    Purchasing raw materials
  4. D
    Planning
Question 33Single Answer
Which is not a function of management?
  1. A
    Planning
  2. B
    Organizing
  3. C
    Controlling
  4. D
    Gaming
Question 34Single Answer
The father of Scientific Management is?
  1. A
    Henry Fayol
  2. B
    F.W. Taylor
  3. C
    Max Weber
  4. D
    Elton Mayo
Question 35Single Answer
Administrative management theory was developed by?
  1. A
    Henry Fayol
  2. B
    F.W. Taylor
  3. C
    Peter Drucker
  4. D
    Abraham Maslow
Question 36Single Answer
The main focus of scientific management is?
  1. A
    Employee welfare
  2. B
    Marketing strategy
  3. C
    Human relations
  4. D
    Efficiency and productivity
Question 37Single Answer
Management is considered both?
  1. A
    Theory and fiction
  2. B
    Science and art
  3. C
    Law and policy
  4. D
    Marketing and finance
Question 38Single Answer
Which approach emphasizes human behavior in organizations?
  1. A
    Classical approach
  2. B
    Human relations approach
  3. C
    System approach
  4. D
    Quantitative approach
Question 39Single Answer
The system approach to management views organization as?
  1. A
    Closed system
  2. B
    Random system
  3. C
    Open system
  4. D
    Static system
Question 40Single Answer
Planning means?
  1. A
    Selling products
  2. B
    Hiring employees
  3. C
    Selecting future course of action
  4. D
    Controlling finance
Question 41Single Answer
Organizing involves?
  1. A
    Grouping activities and assigning tasks
  2. B
    Setting goals
  3. C
    Motivation only
  4. D
    Forecasting sales
Question 42Single Answer
Leading in management refers to?
  1. A
    Directing and motivating employees
  2. B
    Buying assets
  3. C
    Financial auditing
  4. D
    Production scheduling
Question 43Single Answer
Controlling is concerned with?
  1. A
    Recruiting employees
  2. B
    Comparing actual performance with standards
  3. C
    Product design
  4. D
    Market research only
Question 44Single Answer
Management is required in?
  1. A
    Only business organizations
  2. B
    Only government offices
  3. C
    Only factories
  4. D
    Every organization
Question 45Single Answer
Who proposed the 14 principles of management?
  1. A
    Fayol
  2. B
    Taylor
  3. C
    Mayo
  4. D
    Weber
Question 46Single Answer
Division of work leads to?
  1. A
    Specialization
  2. B
    Inefficiency
  3. C
    Confusion
  4. D
    Loss
Question 47Single Answer
Authority in management refers to?
  1. A
    Right to give orders
  2. B
    Responsibility to obey
  3. C
    Punishment system
  4. D
    Financial power only
Question 48Single Answer
Unity of command means?
  1. A
    One employee, many bosses
  2. B
    Multiple departments
  3. C
    One employee should receive orders from one superior
  4. D
    Group decision making only
Question 49Single Answer
Span of control refers to?
  1. A
    Number of products
  2. B
    Number of subordinates a manager can supervise
  3. C
    Marketing area
  4. D
    Production cost
Question 50Single Answer
Management is a continuous process because?
  1. A
    It is fixed
  2. B
    It is optional
  3. C
    It is seasonal
  4. D
    It never ends
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