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Objective Questions

Latest MH SET Management Exam Question (Objective Questions), MCQ in English

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Question Bank MH SET Management Exam - English

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Management

Question 1Single Answer

The following is the demand function :
Q =100-5P
What will be the point price elasticity of demand at price

10?

A
2.00
B
1.00
C
0.85
D
0.50

Question 2Single 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

A
Codes:
(a) (b) (c) (d)
(3) (4) (1) (2)
B
(1) (2) (4) (3)
C
(2) (3) (1) (4)
D
(4) (3) (2) (1)

Question 3Single 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.

A
Codes :
Both (A) and (R) are correct.
B
Both (A) and (R) are incorrect.
C
(A) is correct while (R) is incorrect.
D
(A) is incorrect while (R) is correct.

Question 4Single 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.

A
Both the statements are correct.
B
Both the statements are incorrect.
C
Statement-1 is correct while statement-2 is incorrect.
D
Statement-1 is incorrect while statement-2 is correct.

Question 5Single Answer

Which process is used by a person (perceiver) to deal with conflicting messages and conflicting data?

A
Halo effect
B
The process of checking
C
Perceptual defence
D
The process of reacting

Question 6Single Answer

The basic Emphasis of________ theory of organisational design is on flat structure, decentralization and provision of informal organisation.

A
Neo-classical theory
B
Modern Theory of systems approach
C
Matrix organisation theory
D
Classical Theory

Question 7Single Answer

The result variables as the component of mathematical model for measuring system's effectiveness and efficiency in management science include_________

A
Measures of performance
B
Measures of effectiveness
C
Payoffs and outcomes
D
All the above

Question 8Single Answer

Assertion (A) : Reinforcement plays a central role in the learning process.
Reason (R) : Reinforcement strengthens the response preceding it and induces repetitions of the response.

A
Codes :
Both (A) and (R) are correct.
B
(A) is correct and (R) is the right explanation of (A)
C
(A) is correct but (R) is incorrect.
D
Both (A) and (R) are incorrect.

Question 9Single Answer

Most job descriptions contain sections that cover.

A
Responsibilities and duties
B
Job summary
C
Working conditions
D
All of the above

Question 10Single Answer

Match the items of List-1 with the items of List-2 The items related to evoluation and follow-up of training process.
List-1
(a) Results
(b) Learning
(c) Reaction
(d) Behaviour
List-2
(1) Document the learner's immediate response to the training.
(2) Note supervisor's reactions to learner's performance following completion of the training.
(3) Use feedback devices or pre and post tests to measure what learners have actually gained.
(4) determine the level of improvement in job performance.

A
Codes :
(a) (b) (c) (d)
(3) (2) (1) (4)
B
(4) (3) (1) (2)
C
(1) (2) (3) (4)
D
(4) (1) (3) (2)

Question 11Single Answer

Which one of the following process allows top management to diagnose the management styles of supervisors, identify potential, employee problems and take corrective action with individual supervisors as necessary ?

A
MBO
B
Strategic performance appraisal
C
Organization Development
D
Upward feedback

Question 12Single Answer

Statement-1 : in competency or skill based pay, employee are paid for the range, depth and types of skills and knowledge they are capable of using rather than for than the job they currently hold.
Statement-2 : Broadbanding results into increase in salary grades and ranges from 3 or 5 to 10 or more.

A
Codes :
Only Statement-1 is correct.
B
Only Statement-2 is correct.
C
Both Statements-1 and 2 are correct.
D
Both Statements-1 and 2 are incorrect.

Question 13Single Answer

Which one of the following is not a labour law related to wages ?

A
The Workmen's Compensation Act, 1923
B
The Payment of Bonus Act, 1965
C
The payment of wages Act, 1936
D
The Minimum Wages Act, 1948

Question 14Single Answer

Match the items of List-1 with the items of List-2 :
List-1
(a) net present value
(b) payback period
(c) internal rate of return
(d) accounting rate of return
List-2
(1) number of years required to recover the original cash outlay invested in a project.
(2) it is the rate of return which equates the present value of anticipated net cash flows with the inirial outlay.
(3) it is found out by dividing the average after-tax profit by the average investment.
(4) it is the difference between the present value of cash inflows and present value of cash outflows.

A
Codes :
(a) (b) (c) (d)
(4) (3) (2) (1)
B
(3) (1) (4) (2)
C
(3) (4) (1) (2)
D
(4) (1) (2) (3)

Question 15Single Answer

An employee borrowed a 3 year loan of Rs. 10000 at 9% from his employer to buy a motorcycle. If employer requires three equal and-of-year repayments, then the annual installment will be______.

A
Rs. 3,633
B
Rs. 3,951
C
Rs. 3,333
D
Rs. 4,233

Question 16Single Answer

Match the items of List-1with the items of List-2 :
List-1
(a) M.M. Hypothesis with out taxes
(b) Net operating income approach
(c) M.M. Hypothesis under corporate taxes
(d) Net income approach
List-2
(1) The cost of Dept and cost of equity are assumed to be independent to the capital structure
(2) In the absence of Texas a firm's market value and the cost of capital remain invariant to the capital structure changes.
(3) The cost of equity is assume to increase linearly with leverage.
(4) The value of the firm will increase with debt due to the deductibility of interest charges for tax computations and the value of the levered firm will be higher than the unlevered firm.

A
Codes :
(a) (b) (c) (d)
(2) (3) (4) (1)
B
(2) (1) (4) (3)
C
(1) (2) (3) (4)
D
(3) (4) (1) (2)

Question 17Single Answer

Explicit Resale Price Valuation method pre-supposes that an investor keeps the share only for few years and eventually sells the shares. The value of the share, therefore, depends upon which of the following?
(l) The stream of dividends expected during investor's ownership.
(ll) The price ecpected to be realized whenever investor sells the share.

A
Codes :
(l) is true, but (ll) is false.
B
(l) is false, but (ll) ir true.
C
Both (l) and (ll) are true.
D
Both (l) and (ll) are false.

Question 18Single Answer

It is an act of acquiring effective control by one company over assets or management of another company without any combination of Companies?

A
Consolidation
B
Acquisition
C
Merger
D
None of the above

Question 19Single Answer

Out of the following, identify the key constituents for performance marketing of Holistic marketing dimensions :
(a) Customers
(B) Brand and Customer equity
(C) Employees
(D) Ethics
(E) Environment
(F) Sales revenue
(G) Financial community

A
Codes :
(a), (b),(c) and (d)
B
(b),(d),(e) and (f)
C
(c),(e),(f) and (g)
D
(a),(c),(f) and (g)

Question 20Single Answer

Which one of the following is a potential drawback of multibranding

A
The company's resources may be spread over too many brands.
B
Consumers may become confused about the image of the main brand.
C
An over-extended brand name might lose its specific meaning for consumers.
D
Different product features can appeal to consumers with different buying motives.

Question 21Single Answer

When a firm improves the quality and increases the price of a product in relation to a competitor making a price reduction the firm is______.

A
moving its brand into a higher Price value position
B
changing its target market
C
moving its brand into a less competitive position
D
adversely positioning its product

Question 22Single Answer

Which one of the following explains "the knowledge and courtesy of employees and their ability to convey trust and confidence"?

A
Empathy
B
Responsiveness
C
Reliability
D
Assurance

Question 23Single Answer

Match the items of list-1 with the items of list-2 :
List-1
(a) Rich-media ads
(b) Pop-ups
(c) Interstitials
List-2
(1) online ads that appear between screen changes on a website, especially while a new screen is loading.
(2) display ads that use eye-catching techniques such as float, fly and snapback.
(3) ads that users can block through the use of applications developed by web browser providers.

A
Codes :
(a) (b) (c)
(1) (2) (3)
B
(2) (1) (3)
C
(2) (3) (1)
D
(3) (1) (2)

Question 24Single Answer

Statement-1 : operation research is the application of scientific methods to the study of alternatives in a problem situations with a view to providing qualitative basis for arriving at an optimum solution in terms of goal s sought.
Statement-2 : operation research is a quantitative commonsense embracing observation, experiment and reasoning.

A
Codes :
(l) is correct but (ll) is incorrect
B
Both (l) and (ll) are correct.
C
Both (l) and (ll) are incorrect
D
(ll) is correct but (l) is incorrect.

Question 25Single Answer

Match the items of list-1 with list-2 :
List-1
(a) PERR
(b) CPM
(c) Game theory
List-2
(1) Strategies
(2) Events
(3) Network

A
Codes :
(a) (b) (c)
(1) (2) (3)
B
(2) (3) (1)
C
(3) (2) (1)
D
(3) (1) (2)

Question 26Single Answer

Statement-1 : X-chart, np-chart and r-chart are the techniques used for product control under statistical quality control.
Statement-2 : operating characteristic curve helps determine whether a particular acceptance sampling plan meets both the products and the consumer's risk requirements.

A
both the statements are correct
B
both the statements are incorrect
C
Statement-1 is correct while Statement-2 is incorrect.
D
Statement-1 is incorrect while Statement-2 correct.

Question 27Single Answer

Statement-1 : when there are a large number of decision variables (more than three) and constraints, iterative mathematical procedures like simplex method can be used for product-mix decisions.
Statement-2 : Monte Carlo is an approach for simulating the probability distribution by associating and then selecting Random numbers.

A
both the statements are correct
B
both statements are incorrect
C
Statement-1 is correct while Statement-2 is incorrect
D
Statement-1 is incorrect while Statement-2 is correct

Question 28Single Answer

In the context of work study, an element is rated as 120% and the actual readings (in minutes) are as under:
0.05, 0.06, 0.05, 0.05, 0.05
0.06, 0.06, 0.05, 0.06, 0.06
What is the normal time for the element?

A
0.055 minutes
B
0.060 minutes
C
0.066 minutes
D
0.052 minutes

Question 29Single Answer

Which of the following sentence are true?
(1) the classical approach to probability theory requires that the total number of possible outcomes be known or calculated and that each of the outcomes be equally likely.
(2) A marginal probability is also known as unconditional probability.
(3) for three independent events, the joint probability of the three events,
P(ABC)=P(A)×P(B/A)×P(C/AB)
(4) two events are mutually exclusive, exhaustive and equally likely, the probability of either event A or B or both occurring P(A or B)=P(A)+P(B)

A
Codes :
(1),(2),(3) and (4) are true
B
(3) and (4) are true
C
(1),(2) and (4) are true
D
(1) and (3) are true.

Question 30Single Answer

The hypothesis that ‘consumption in one period would be a function of income in that period and the returns on savings of the previous period’ is given by

A
Irving Fisher
B
Franco Modigliani
C
Duesenberry
D
Robert Hall

Question 31Single Answer

A researcher wants to test the signification of the differences of the average performance of more than two sample groups drawn from a normally distributed population, which one of the following hypothesis- testing tests is appropriate?

A
Chi-square test
B
F-test
C
z-test
D
t-test

Question 32Single Answer

Match the items of list-1 with the items of list-2 indicate the court of their correct matching with regard to correlation and regression analysis:
List-2
(1) Covariance between X and Young
(2) Standard error of coefficient or correlation
(3) Regression coefficient of Y on Xmas variable.
(4) Karl Pearson's coefficient of correlation

A
Codes :
(a) (b) (c) (d)
(1) (2) (3) (4)
B
(2) (1) (4) (3)
C
(3) (2) (4) (1)
D
(3) (4) (1) (2)

Question 33Single Answer

Match the items of List-1 with List-2 :
List-1
(a) stock files that are placed in Warehouse as a record
(b) process of managing goods in most sensible way
(c) management information system
(d) log-in allowed to only internal people
List-2
(1) Daillyreport
(2) Intranet
(3) Master file
(4) Stock control

A
Codes :
(a) (b) (c) (d)
(3) (4) (1) (2)
B
(4) (3) (2) (1)
C
(3) (1) (4) (2)
D
(1) (2) (3) (4)

Question 34Single Answer

The highly competitive Industries, particularly in the early stage of product life cycle, follow which one of the following strategies?

A
functionally area support strategy
B
Expansion strategy
C
Diversification strategy
D
Downsizing strategy

Question 35Single Answer

When highly interrelated variable exit when it is necessary to choose from several plausible alternativeso, which of the following should the strategist integrate in decision making ?

A
Analysis of facts
B
Intuition
C
Competitor's strategy
D
Global perspective

Question 36Single Answer

Assertion (A) : In an industrial structure, the acquisition of an existing firm in the industry might be a better move then starting-up a new venture.
Reasoning (R) : there is evidence that internal development might be preferable to ecquisition because of differences between culture and shared valued.

A
Codes :
Both (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 right explanation of (A).
C
(A) is correct, but (R) is not correct.
D
(R) is correct, but (A) is not correct.

Question 37Single Answer

Consider the following statements with reference to Porter's five forces model of competitive analysis :
(a) As rivalry among competing intensifies, generally industry profits decline or in few cases, industry becomes inherently unattractive.
(b) whenever new firms are allowed to enter a particular industry, the intensity of competitiveness among firms becomes haphazard.
(c) generally competitive pressures arising from the substitute products decrease as the relative price of substitute products decline.
(d) Bragaining power of suppliers affects the intensity of competition.

A
Codes :
Statements (A) and (B) are false others are true.
B
Statements (a) and (d) are true, others are false.
C
Statements (b),(c) and (d) are true, but (a) is false.
D
All the statements are true.

Question 38Single Answer

Match the items given in List-1 with the items of List-2
List-1
(a) Vision
(b) Mission
(c) Goals
(d) Objectives
List-2
(1) General statements of the company's intent.
(2) Desired future position of the company
(3) Operationalizing of mission
(4) Vivid idealised description of a desired outcome.

A
Codes :
(a) (b) (c) (d)
(4) (1) (2) (3)
B
(1) (2) (3) (4)
C
(2) (3) (1) (4)
D
(3) (4) (2) (1)

Question 39Single Answer

Statement-1 : VERY analysis is meant for project maximization.
Statement-2 : Network analysis is independent of planning process.

A
Codes :
(1) is correct but (2) is incorrect.
B
(2) is correct but (1) is incorrect
C
Both (1) and (2) are correct.
D
Both (1) and (2) are incorrect.

Question 40Single Answer

Match the items of List-1 with List-2:
List-1
(a) hey promotion assistance for development of Khadi
(b) a scheme of found for registration of traditional industries
(c) interest subsidy eligibility for institutions registered under KVIC
List-2
(1) SRUTI
(2) ISEC
(3) MDA

A
Codes :
(a) (b) (c)
(3) (1) (2)
B
(3) (2) (1)
C
(1) (3) (2)
D
(1) (2) (3)

Question 41Single Answer

Under the sick industrial companies (special Provisions) Act, 1985 the public sector companies were covered from which year ?

A
February, 1994
B
January, 1990
C
December, 1991
D
None of the above

Question 42Single Answer

Industrial Reconstruction Bank of India (IRBI) which was reconstituted into a full fledged all purpose developmental financial institution with effect from March 27, 1997 was renamed as________.

A
small industrial development Bank of India
B
Industrial Investment bank of India Limited.
C
industrial Finance Corporation of India.
D
Board of Industrial and financial reconstruction.

Question 43Single Answer

Non-availability of required project planning capability is due to ______.

A
Poor general management
B
Poor professional management
C
Poor entrepreneurial management
D
Poor marketing management

Question 44Single Answer

Statement-1 : Ethical decisionmaking is a very tough prospect in this 'dog-eat-dog' world. All will have to fall in and play fair.
Statement-2 : In this age of liberalisation and globalisation, the old dirty games and ethical conduct will not longer be accepted.

A
codes :
Statement (1) and (2) Both are incorrect.
B
Statement (1) and (2) Both are correct.
C
Statement (1) correct, (2) incorrect.
D
Statement (1) incorrect, (2) correct.

Question 45Single Answer

the three basic principles of Business Ethics are shown by which one of the following ?

A
Utilitarianism, social commitment and reputation.
B
Utilitarianism, societal reputation and justice.
C
Utilitarianism, principle of right and principle of justice.
D
Principle of right, principle of justice and social commitment.

Question 46Single Answer

Gandhian concept of social responsibility is denoted by which one of the following ?

A
Social commitment concept
B
Trusteeship concept
C
Sustainable development concept
D
Welfare concept

Question 47Single Answer

CII Committee on corporate governance with SEBI as the custodian of investors constituted on 7th May 1999 is known by which one of the following ?

A
Dr. J. J. Irani Committee
B
Kumar Mangalam Birla Committee
C
Narayan Murti Committee
D
Working group on the Companies Act

Question 48Single Answer

Which one of the following denotes good choices of ethical decision making ?

A
(1) take choice seriously
(2) decisions are both ethical and effective
(3) discernment and discipline
B
(1) ethical actions
(2) discernment and discipline
(3) stage of social welfare
C
(1) take choice seriously
(2) improve ethical decision
(3) discernment and discipline
D
(1) good decision are both ethical and effective
(2) take choice seriously
(3) ethical actions

Question 49Single Answer

Which of the following are the assumptions related to the theory of consumer behaviour as per the Cardinal utility approach?
1.Consumer is Rational
2.No limit on money income
3.Utility cardinally measurable
4.Diminishing marginal utility of money
5.Diminishing marginal utility of commodities
6.Maximization of satisfaction
7.For calculating total utility, individual utilities of commodities are to be multiplied
Codes:

A
(i), (ii), (iii) and (iv)
B
(iv), (v), (vi) and (vii)
C
(i), (iii), (v) and (vi)
D
(iii), (iv), (vi) and (vii)

Question 50Single Answer

Which one of the following is not the property of Cobb-Douglas Production Function?

A
The multiplicative form of the power function can be changed into its log linear form
B
Power functions are not homogeneous because the sum of the exponents is not equal to degree 1
C
The parameters in the function a and b represent theelasticity coefficient of output for inputs(capital and labour) respectively
D
Constants a and b in the function represent share of inputs capital and labour in total output

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Management

Question 51Single Answer

Statement I: Costs which do not take the form of cash outlays, nor do theyappear in the accounting system are known as opportunity costs.
Statement II: Costs in the form of depreciation allowances and unpaid intereston the owner’s own funds are known as sunk costs.

A
Both the statements are correct
B
Both the statements are incorrect
C
Statement I is correct while Statement-II is incorrect
D
Statement I is incorrect while Statement-II is correct

Question 52Single Answer

Which one of the following is incorrect combination with regard to the types of market structures?

A
Market Structure No. of firms and degree of product Control over price Differentiation
Perfect Large number of firms with None Competition homogeneous products
B
Monopolistic Many firms with real or Some Competition perceived product differentiation None
C
Oligopoly Little or no product differentiation and None Somemany firms
D
Monopoly Single firm with close None substitute Some

Question 53Single Answer

Which one of the following is not studied in Macro-Economics ?

A
General Theory of Employment, Interest and Money
B
Market structure and Pricing decisions
C
Foreign Trade
D
Theories of economic growth

Question 54Single Answer

Statement I: Although culture plays a significant role in personality development,a linear relationship cannot be established between culture and personality.
Statement II:The existence of several sub-systems within the same culturecannot influence the personality.

A
Statement II is correct but Statement I is incorrect
B
Statement I is correct while Statement-II is incorrect
C
Both, statements I and II are correct
D
Both, statements I and II are incorrect

Question 55Single Answer

Match the items of List-I with the items of List-II and find the correct combination:
List-I List-II
(Thinker) (Popularly known for)
A.F.B. Taylor (i) Generated interest in people at work B.place.
C.F.J. Roethlisbeger (ii)Emphasized on human needs of employees
D.Robert Owen (iii)Human problems were considered as mainelement of human relations
Elton Mayo (iv)Considered organization as a social system
Codes:

A
(a (b) (c) (d)
(ii) (iv) (iii) (i)
B
(i) (iv) (ii) (iii)
C
(i) (iii) (iv) (ii)
D
(iv) (i) (ii) (iii)

Question 56Single Answer

The group formation theory explaining affiliation based on spatial proximity is called _______.

A
Homan’s Theory
B
Propinquity Theory
C
Balance Theory
D
Exchange Theory

Question 57Single Answer

Assertion (A): Intra-individual conflict is perhaps the most difficult type of conflictto analyse, since it is internal to the person.
Reasoning (R):Conflict arises within an individual whenever his drives andmotivesare blocked and/or he is confronted with competing roles and goals and he is unable to take decisions.
Codes:

A
Assertion (A) and Reasoning (R), both are correct and Reasoning (R) is correct explanation of Assertion (A)
B
Assertion (A) and Reasoning (R), both are correct but Reasoning (R) is not right explanation of Assertion (A)
C
Assertion (A) is correct, whereas Reasoning (R) is incorrect
D
Reasoning (R) is correct, whereas Assertion (A) is incorrect

Question 58Single Answer

Match the items of List-I with List-IIrelated to communication models:
List-I List-II
A.Lasswell Model (i)Communication process based oninformation theory
B.Shannon-Weaves Model (ii)Different shapes of process dependingupon situation
C.Gerbner’s Model (iii)Dynamic interactive process
D.Berlo Model (iv)Communication is a persuasive model
Codes:

A
(a) (b) (c) (d)
(i) (ii) (iv) (iii)
B
(ii) (iii) (i) (iv)
C
(iii) (iv) (ii) (i)
D
(iv) (i) (ii) (iii)

Question 59Single Answer

Match the items of List-I withthe items of List-II and select the correct code:
List-I List-II
1.Planning (i)Getting others to get the job done
2.Organizing (ii)Setting standards such as sales Quotas, qualitystandard, etc.
3.Leading (iii)Establishing goals and standards
4.Controlling (iv)Giving each other subordinate a specific task
Codes:

A
(a) (b) (c) (d)
(ii) (i) (iv) (iii)
B
(i) (ii) (iv) (iii)
C
(iii) (i) (iv) (ii)
D
(iii) (iv) (i) (ii)

Question 60Single Answer

Which one of the following media will be the most suitable when a company wants to limit recruiting to a specific area?

A
Radio and Television
B
Magazines
C
Newspapers
D
Internet

Question 61Single Answer

Select the correct sequence of the job evolution process.
1.Select benchmark jobs
2.Evaluate select benchmark jobs
3.nalyse benchmark jobs
4.Select the most appropriate method
5.Prepare a project plan
6.Communicate with employees
7.Articulate the objectives

A
(g), (a), (c), (b), (d), (f) and (e)
B
(g), (d), (e), (f), (a), (c) and (b)
C
(e), (g), (f), (a), (d), (c) and (b)
D
(d), (e), (f), (g), (a), (c) and (b)

Question 62Single Answer

Consider the following statements
Statement I: Grievance is like a ‘headache’ as it is a symptom rather than adisease.
Statement II: The employees should be told of his line of appeal by
employer/management, if he does not get satisfaction from his immediate superior.
Statement III: GrievanceRedressal Mechanism does not believe in the conceptof“Justice delayed is justice denied” as it gives more weightage on proper settlement.
Codes:

A
All the above statements are correct
B
Statements I and II are correct; III is incorrect
C
Statements I and III are correct; II is incorrect
D
Statements II and III are correct; I is incorrect

Question 63Single Answer

Assertion (A): The domestic enquiry, as a part of disciplinary action, is a quasijudicial process where the onus of providing the charges lie with the accuser.
Reasoning (R):If the charges are not proved, then the employee is exonerated.
Codes:

A
(A) is correct but (R) is incorrect
B
(A) is incorrect but (R) is correct
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)

Question 64Single Answer

Frequently, maximization of profits is regarded as the proper objective of the firm, but it is not as inclusive a goal as that of maximizing shareholder wealth because:

A
Total profits are not as important as earnings per share
B
Earnings per share are more important than total profits
C
Maximization of earnings per share is not a fully appropriate objective because it does not specify the duration of expected returns
D
Maximization of earnings per share is not a fully appropriate objective because it does not specify the timing of expected returns

Question 65Single Answer

Match the items of List-I with the items of List-II:
List-I List-II
1.IRR                                   (i)Process of analysing potential fixed asset
2.NPV is equal to zero (ii)(Proportion of equity) X (cost of equity) +(Proportion of debt) X (Cost of debts)
3.Cost of capital                 (iii)Project is acceptable
4.Capital budgeting          (iv)NPV = Zero
Codes:

A
(a) (b) (c) (d)
(iii) (ii) (iv) (i)
B
(iv) (iii) (ii) (i)
C
(iv) (i) (ii) (iii)
D
(i) (ii) (iii) (iv)

Question 66Single Answer

Which one is a false statement?

A
Pure risks are risks that offer only the prospect of loss
B
Speculative risks are situations that offer the chance of a gain but might result in a loss
C
Liability risks are associated with product, and not with service, or with employee actions
D
Environmental risks include risks associated with polluting the environment

Question 67Single Answer

Which one is a correct statement?

A
When the required rate of return is more than the stated coupon rate, the value of the bond will be less than its face value
B
A bond is said to be selling at a premium when the required rate of return is less than states coupon rate
C
The value of the bond will equal to its face value when the required rate of return equals the stated coupon rate
D
If interest rate rise so that the required rate of return increases, then the bond will increase in value

Question 68Single Answer

Which one of the following statements is not correct?

A
The return from holding a security is simply the change in market price, plus any cash payments received from the company, divided by the beginning price
B
A key factor in the valuation of any financial instruments in an implied positive relationship between risk and expected return
C
The risk that cannot be avoided by diversification of the securities one holds, is called unavoidable risk
D
The slope of the security market line tells the degree to which investors are not risk averse

Question 69Single Answer

Marketers should be aware of laws, government agencies, and pressure groups that influence or limit various organizations and individuals in a given society. This is most accurately described as which one of the following environment?

A
Political
B
Legal-technological
C
Cultural
D
Social

Question 70Single Answer

Which one of the following is a consumer-goods market testing method in which consumers who initially try the product at no cost are reoffered it, or a competitors’ product at slightly reduced price?

A
Simulated Test Marketing
B
Controlled Test Marketing
C
Test Markets
D
Sales-Wave Research

Question 71Single Answer

Which of the following statements are correct?
Statement I: Customer Relationship Management (CRM), describes thatcompany’s optimization of the value of its customer base.
Statement II: Customer Value Management (CVM) focuses on the analysis ofindividual data on prospects and customers to develop marketing strategies to acquire and retain customers and drive customer behaviour.
Statement III: CRM is the process of carefully managing detailed informationabout individual customers and all customer “touch points” to maximize loyalty
Codes:

A
I and II
B
I and III
C
II and II
D
III

Question 72Single Answer

Consider the following statements related to different stages of PLC and choose the correct code:
A.Introduction – A period of slow sales growth and low profit.
B.Introduction – A period of slow sales growth and non-existent profit
CGrowth         – A period of rapid market acceptance and substantial profit
D.Growth         –A period of rapid market acceptance and slow profit
E.Decline        –Sales show a downward drift and profits stabilize.
F.Decline        –Sales show a downward drift and profits erode.

A
(a), (c) and (f)
B
(b), (c) and (f)
C
(a), (d) and (f)
D
(b), (d) and (e)

Question 73Single Answer

Match the items of List-I with the items of List-II and select the correct code:
List-I                                                             List-II
A.Coupons                         (i)Using one brand to advertise another noncompeting brand.
B.Tie-in Promotions          (ii)Offers to consumers of savings off the regularprice of a product.
C.Cross Promotions          (iii)Certificates entitling the bearer to a stated savingon the purchase of a specific product
D.Price Packs                     (iv)Two or more brands or companies team up oncoupons, refunds and contests to increase pulling power.
Codes:

A
(a) (b) (c) (d)
(iii) (iv) (ii) (i)
B
(i) (iii) (iv) (ii)
C
(iii) (iv) (i) (ii)
D
(iv) (ii) (i) (iii)

Question 74Single Answer

Which of the following jobs/decisions of production/operations management are related to short time horizon?
1.Product design
2.Product variations
3.Production scheduling
4.Design of jobs
5.Breakdown maintenance
6.Available materials allocation and handling
Codes:

A
(i), (iii) and (iv)
B
(i), (ii) and (iv)
C
(iii), (v) and (vi)
D
(ii), (v) and (vi)

Question 75Single Answer

Match the items of List-I with the items of List-II regarding Operations Research Models and their bases of Categorization and indicate the code of their correct matching:
List-I                                                             List-II
(Type of Model)                               (Basis of Categorization)
A.Analogue Model (i)Nature of Environment
B.Descriptive Model                      (ii) Method of getting the solution
C.Deterministic Model                   (iii)Structure
D.Simulation Model                       (iv)Utility
Codes:

A
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B
(iii) (iv) (i) (ii)
C
(ii) (iv) (i) (iii)
D
(iv) (i) (iii) (ii)

Question 76Single Answer

Which one of the following criteria is not used for decision-making under uncertainty?

A
Maximum
B
Maximax
C
Minimax
D
Minimize expected loss

Question 77Single Answer

Which one of the following is used to know the average queue length when the arrival rate and service arte are demoted by U and Y respectively?

Question 78Single Answer

and R-charts are for which of the following?

A
Charts for variables
B
Charts for number of defects
C
Charts for attributes
D
None of the above

Question 79Single Answer

Match the items of List-I with the items of List-II regarding sampling theory and indicate the code of their correct matching.
List-I List-II
A.Law of Statistical Regularity                (a) Non-sampling errors
B.Law of Inertia of Large Numbers         (b)Sampling technique
C.Quota Sampling (c)Theoretical basisampling
D.Response errors
E.Non-response errors
Codes:

A
(A) (B) (C)
(i),(ii) (iii) (iv),(v)
B
(iv),(v) (i),(ii) (iii)
C
(iv),(v) (iii) (i),(ii)
D
(iii) (iv),(v) (i),(ii)

Question 80Single Answer

Statement I:Exponential Probability Distribution has the mean

Statement II:The mean, median and mode do not coincide in thenormal
Statement III:The binomial distribution is symmetrical for any value of p(probability of success).

A
All the three statements are true.
B
All the three statements are false.
C
Statement-I is true while Statements-II & III are false
D
Statement-III is true while Statements-I & II are false

Question 81Single Answer

Which one of the following statements is correct?

A
When both the variables X and Y are measured on an interval or ratio scale, Karl Pearson’s coefficient of correlation is most appropriate
B
The probable error of coefficient of correlation is
C
If the sign of two regression coefficients (Y on X) and (X on Y) is negative, the sign of correlation coefficient is positive
D
If one of regression coefficients is greater than one, the other regression coefficient must also be greater than one.

Question 82Single Answer

When a researcher wants to test whether two samples can be regarded as drawn from the normal populations having same variance by using variance ratio, which one of the following tests of hypothesis is appropriate?

A
Z-test
B
T-test
C
Chi-square test
D
F-test

Question 83Single Answer

Which one of the following matrix graphically portrays differences among divisions in terms of relative market share position and industry growth rate?

A
SPACE Matrix
B
BCG Matrix
C
SWOT Matrix
D
IE Matrix

Question 84Single Answer

Consider the following statements:
A.The stage of industry’s development (life cycle) cannot influence the nature of competitive rivalry
B.As the industry starts to mature in terms of life cycle, rules are rejected, consumer expectations about quality and performance are blurred and industry standards are put for modification
C.A major feature of maturing industries is the tendency for competition based on product pricing becoming similar
D.In declining industries, only the most efficient firms can earn reasonable profits.In the light of Industry Life Cycle, which of the above statements are true?
C odes:

A
Only (c) and (d)
B
Only (a), (c) and (d)
C
Only (b) and (c)
D
Only (b), (c) and (d)

Question 85Single Answer

According to Michael Porter’s Generic strategies, the three different basis of gaining competitive advantage by an organization are which of the following?

A
Integration, diversification and acquisitions
B
Growing, building and sustaining
C
Cost leadership, differentiation and focus
D
Positioning, capturing and changing

Question 86Single Answer

Match the items given in List-I with the items of List-II:
List-I                                                               List-II
A.Objectives                                                (i) Reveal priorities
B.Strategies                                                (ii)Retreats
C.Policies                                                    (iii)Potential actions
D.Periodical conduct of (iv) Mainly address repetitive/ recurringstrategical management meeting situations

A
(a) (b) (c) (d)
(i) (iii) (iv) (ii)
B
(iii) (ii) (i) (iv)
C
(iv) (i) (iii) (ii)
D
(ii) (iv) (i) (iii)

Question 87Single Answer

A working group set by Reserve Bank of India on “Flow of Credit of SSI Sector” submitted its report in May 2004. One of the major recommendations was that the definition of the small and medium enterprises sector be based on its turnover. The working group was headed by:

A
Shri Abid Hussain
B
Shri P.R. Nayak
C
Shri S.L. Kapur
D
Dr. A.S. Ganguli

Question 88Single Answer

Assertion (A): Small-scale and Cottage industries ensure a more equitabledistribution of the national income.
Reasoning (R): The ownership of Small-scale industries is more widespread than ownership of large-scale industries and they possess much larger employment potential.
Codes:

A
(A) is correct, but (R) is incorrect
B
(A) is incorrect, but (R) is correct
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)

Question 89Single Answer

Match the items of List-I with those of List-II
List-I                                                               List-II
(Projects)                                          (Classification)
A.Magnitude Oriented                  (i) Classify projects on the basis of capitalintensive and/or labour intensive projects
B.Non-quantifiable (ii)Classify projects on the basis of availabilityof demand for goods and services, raw materials, skills and/or other inputs.
C.Causation Oriented                   (iii)Level of investment is generally used as adeciding criteria for project classification
D.Factory Intensity Oriented        (iv) Projects with social endowments likehealth, education, social welfare, etc.
Codes:

A
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B
(ii) (iii) (iv) (i)
C
(iv) (iii) (ii) (i)
D
(iii) (iv) (ii) (i)

Question 90Single Answer

Consider the following statements
Statement I: An Entrepreneur is not sensitive to corporate hierarchy.
Statement II:Risk and return trade-off is the main-basis for entrepreneurial behaviour.
Statement III:Entrepreneurs seek autonomy and freedom in their decision-making process.
Statement IV:Entrepreneurs are expected to sell their ideas to their own organizations at first.
Codes:

A
Only Statement I is true, others are false.
B
Only Statement I is false, others are true.
C
Statements I and IV are true, Statements II and III are false
D
Statements II and III are true, Statements I and IV are false

Question 91Single Answer

Match the items of List-I withList-II with regard to models of Corporate Social Responsibility:
List-I List-II
(Proponent) (Classification)
A.Mahatma Gandhi (i) Voluntary commitment by companies topublic welfare, (Ethical Model)
B.Jawaharlal Nehru (ii)State Ownership and legal requirementsdetermine corporate responsibilities.(StatistModel)
C.Milton Friedman (iii) Corporate responsibilities limited privateowners. (Liberal Model)
D.Edward Freeman (iv) Companies respond to the needs ofstakeholders. (Stakeholder Model)
Codes:

A
(a) (b) (c) (d)
(iii (ii) (iv) (i)
B
(ii) (iii) (i) (iv)
C
(iv) (i) (ii) (iii)
D
(i) (ii) (iii) (iv)

Question 92Single Answer

Which among the following are Kohlberg’s three basic levels of ethical principles?
1.Social Responsibility
2.Moral Development
3.Organisational Ethics
4.Organisational Formal Structure
5.Moral Values
6.Work ethos
Codes:

A
(a), (b) & (c)
B
(d), (e) & (f)
C
(b), (d) & (f)
D
(a), (c) & (e)

Question 93Single Answer

Assertion (A): In a widely reported instance in Wipro Technologies, a verysenior executive who had put in long years of service in the company and had contributed significantly to its growth had to be dismissed because he claimed in his travel expenses more than his dues.
Reasoning (R): Most companies in advanced countries and some even indeveloping countries have developed their own codes of conduct which provide some ethical standards for their employees.
Codes:

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

Question 94Single Answer

As per Indian Companies Act, 2013, a qualified Indian Company is required to contribute at least 2% of its net average profit towards Corporate Social Responsibility. In which of the following situations the company is required to follow the provisions?

A
Company’s net worth is Rs 100 crore or more.
B
Company’s net worth is Rs 500 crore or more.
C
Company’s net worth is Rs 1,000 crore or more.
D
Company’s net worth is Rs 2,000 crore or more.

Question 95Single Answer

Statement I:Employee orientation provides new employees with basic background information they need to perform their jobs satisfactorily.
Statement II:Orientation is actually part of the employer’s new employee socialization process.
Codes:

A
Statement I is correct
B
Statement II is correct
C
Both Statements are correct
D
Both Statements are incorrect

Question 96Single Answer

When an employee is transferred to another country and is assigned a salary based on the base salary for that position in the country where he will work, the employer has used a _______ salary plan.

A
Host based
B
Home based
C
Transfer
D
Cost-of-living

Question 97Single Answer

Select the correct sequence of steps followed in the development of an induction programme.
1.Identify the audience
2.Define the new employee notification process
3.Seek feedback
4.Identify the objectives of the induction programme
5.Design the induction programme content and mode of delivery.

A
(b), (d), (a), (e) and (c)
B
(a), (b), (d), (e) and (c)
C
(e), (a), (b), (d) and (c)
D
(a), (b), (c), (d) and (e)

Question 98Single Answer

Assertion (A): Every company should have a grievance redressal mechanism.
Reasoning (R): Grievance is a feeling that should be expressed mandatorily, arising out of anything connected to company that employee thinks is inequitable or unfair.
Codes:

A
(A) and (R) are correct, and (R) is the right explanation of (A)
B
(A) and (R) are correct, but (R) is not the right explanation of (A)
C
(A) is correct, but (R) is incorrect
D
(A) is incorrect and (R) is correct

Question 99Single Answer

Assertion (A): Integrative Bargaining is a type of win-loose strategy.
Reasoning (R): In integrative bargaining, productivity aspects are considered in mutual-problem solving to increase gains.
Codes:

A
(A) is correct, but (R) is incorrect
B
(A) is incorrect and (R) is correct
C
(A) is correct and (R) is the right explanation of (A)
D
(A) is correct and (R) is not the right explanation of (A)

Question 100Single Answer

Match the items of List-I withList-II relating to approaches to Industrial Relations
.List-I                                                               List-II
A.Systems approach (i) Peaceful coexistence of capitaland labour
B.V.V. Giri approach (ii)Developed by John.T. Dunlop
C.Gandhian approach                  (iii) Preference to voluntary arbitration
D.Socio-ethical approach             (iv) Assuming moral responsibility ofunderstanding each other.
Codes:

A
(a) (b) (c) (d)
(ii) (iii) (i) (iv)
B
(iii) (ii) (iv) (i)
C
(i) (ii) (iv) (iii)
D
(iv) (i) (iii) (ii)

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