Question for SET Exam Management (Paper 2) 2026 - Quiz / Questions / MCQ

Objective Questions

Latest SET Exam Management (Paper 2) Exam Question (Objective Questions), MCQ in English

Subjects : Management

Question Bank SET Exam Management (Paper 2) Exam - English

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 :

A
(a), (b), (c), (d)
B
(b), (c), (d), (e)
C
(a), (b), (c), (e)
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?

A
Monopoly pricing
B
Skimming pricing
C
Penetrating pricing
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 :

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

A
Average annual rate of return technique
B
Pay back period technique
C
Net present value technique
D
Profitability index technique

Question 5Single Answer

According to Henry Fayol, which one of the following combinations of qualities are required in a manager?

A
Physical, mental, experience, educational and conceptual.
B
Technical, human, conceptual, mental and moral.
C
Physical, mental, moral, educational, technical and experience
D
Mental, moral, conceptual, educational, technical and experience.

Question 6Single Answer

Neo-classical organisation theory emphasises on which one of the following?

A
Flat structure of organisation
B
Tall structure of organisation.
C
Coordination by hierarchy
D
Unity of command

Question 7Single Answer

According to Graicuna’s formula of span of management, if a superior has three subordinates, what number of cross-relationships would be?

A
three
B
six
C
nine
D
eighteen

Question 8Single Answer

In Reddin’s Tridimensional Grid’, which one of the following is a less effective style of leadership?

A
Developer
B
Missionary
C
Executive
D
Bureaucrat

Question 9Single Answer

Assertion (A) : Attribution theory is based on relationship between personal perception and interpersonal behaviour.
Reasoning (R) : Since most ‘whys’ are not directly observable, people must depend upon cognitions, particularly perception.
Codes :

A
(A) is right but (R) is wrong.
B
(A) is wrong but (R) is right.
C
Both (A) & (R) are right but (R) doesnot explain (A).
D
Both (A) & (R) are right and (R) explains (A).

Question 10Single Answer

Arrange the following steps of training and development process in the right sequence :
(a) Need analysis
(b) Validation
(c) Evaluation
(d) Implement the programme
(e) Instructional design

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

Question 11Single Answer

Which one of the following is related to ‘Standard of Personnel’?

A
Job Specification
B
Job Description
C
Job Design
D
Job Evaluation

Question 12Single Answer

If an employee desires to pay more than the minimum required contribution under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 then :

A
employer shall also pay an amount equal to the total contribution of employee.
B
employer shall pay only half of the additional contribution of employee.
C
employer is under no obligation to pay the additional contribution.
D
the act is silent regarding this matter.

Question 13Single Answer

Under the Employees’ State Insurance Act, 1948, sickness benefit can be paid for which one of the following maximum periods?

A
45 days in two consecutive benefit periods.
B
66 days in two consecutive benefit perieds.
C
91 days in two consecutive benefit periods.
D
180 days in two consecutive benefit periods.

Question 14Single Answer

Which one of the following laws is enacted by the Central Government and enforced by the State Governments?

A
The Employess State Insurance Act, 1948
B
The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
C
Factories Act, 1948
D
The Mines Act, 1952

Question 15Single Answer

The cost of external equity can be most appropriately computed as per the :

A
Earnings price ratio
B
Dividend price ratio
C
Dividend price plus growth ratio
D
Capital assets pricing model

Question 16Single Answer

For the following items in List-I and List-II, indicate the correct code after matching them :
            List-I                           List-II
(a) Net income                (i) Modigliani, M and
     approach for capital        Miller MH.
   a structure
(b) Net operating             (ii) Robert Bruner
   income approach
   for capital structure
(c) Irrelevance of             (iii) Ezra Soloman
   capital structure for
   the value of the firm
(d) FRICT analysis          (iv) David Durand
   for capital structure
   Codes :

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

Question 17Single Answer

Which one of the following is not a feature of ‘Preference Shares’?

A
Prior claim on income / assets of the company over equity shareholders
B
Redeemability after certain period.
C
Possessing voting rights on important issues of the company.
D
May possess the right to participate in surplus profits of the company.

Question 18Single Answer

The basic consideration for dividend payout for a company excludes which one of the following?

A
Investment opportunities for the company
B
Expectations of the shareholders of the company
C
Legal and financial restrictions for the company
D
Stability of the dividend considerations

Question 19Single Answer

For the following two statements of Assertion (A) and Reasoning (R) indicate the correct code :
Assertion (A) : Shareholders Wealth Maximisation (SWM) & not the profit maximisation is an appropriate & operationally feasible financial management goal.
Reasoning (R) : There exists a princi-pal-agent relationship between the shareholders and the management of the company.
Codes :

A
(A) and (R) both are correct.
B
(A) is correct but (R) is incorrect.
C
(A) is incorrect but (R) is correct.
D
(A) and (R) both are incorrect.

Question 20Single Answer

Which one of the following components is not the part of broad marketing environment?

A
Technological environment.
B
Task environment
C
Demographic environment
D
Natural environment

Question 21Single Answer

The Coco Cola Company markets a wide range of different beverage products including bottled water, soft-drinks juices and sports drinks. Each product appeals to a different segment. This is an example of which type of market offering?

A
Differentiated marketing
B
Target marketing
C
Undifferentiated marketing
D
Intensified marketing

Question 22Single Answer

Temporarily reducing prices to increase short-run sales is an example which one of the following?

A
Segmented pricing
B
Promotional pricing
C
Dynamic pricing
D
Geographical pricing

Question 23Single Answer

Match the items of List-I with the items of List-II and indicate the code of correct matching :
           List-I                                      List-II
(a) Brand elements                    (i)   The marketer’s vision
    of what the brand must
    be & do for consumers.
(b) Brand line                            (ii) All products original
    as well as line and                      category extensions,
    sold under a particular
    brand name.
(c) Brand personality                 (iii) Those trademarkable
    devices that serve to
    identify & differentiate
    the brand.
(d) Brand promise                      (iv)   The specific mix of
     human traits that may
   be attributed to a
   particular brand.
Codes :

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

Question 24Single Answer

Statement-I : In developing advertising programme marketing managers must always start by identifying the target market and buyer motives.
Statement-II : A company may run multiple ad campaigns at the same time, each emphasizing different aspects of its brand and service.

A
Only Statement-I is correct.
B
Only Statement-II is correct.
C
Both Statement-I and II are correct.
D
Both Statement-I and II are incorrect.

Question 25Single Answer

Match the items of List-I with the items of List-II and select the code of correct matching with regard to forecasting models for operations.
            List -I                                  List-II
   (Model Type Name)             (Description)
(a) Delphi Technique           (i) Causal quantitative
           model
(b) Ecnomic modeling        (ii)   Quantitative model
           (Naive)
(c) Exponetital                  (iii)   Qualitative model
   Smoothing
Code :

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

Question 26Single Answer

In which one of the following situations, a product oriented layout is appropriate?

A
A medical clinic
B
An automated carwash
C
A work centre for welding, heat treating and painting
D
A home plumbing repair business

Question 27Single Answer

A graphic tool to trace the interaction of several workers with one machine is termed as :

A
Gang process chart
B
Flow process chart
C
Activity chart
D
Operation chart

Question 28Single Answer

Which one of the following is a technique of statistical quality control used for product control?

A
R-chart
B
Sampling plan
C
np-chart
D
control-chart

Question 29Single Answer

The decision-criterion in which a decisionmaker selects an alternative that maximizes H (criterion of realism) = [a × (maximum in column)] + [(1 – a) × (minimum in column)] is called :

A
Laplace criterion
B
Hurwicz criterion
C
Wald’s criterion
D
Bayesian criterion

Question 30Single Answer

A Bernoulli process has all but which one of the following properties?

A
Each trial has two possible outcomes.
B
The probability of a success on any trial remains fixed over time.
C
The probability of success on any trial is equal to the probability of failure.
D
Trials are statistically independent.

Question 31Single Answer

Statement-I : The product of coefficient of correlation, standard deviation of variable “X’ and standard deviation of variable ‘Y’ gives the measure of covariance between X and Y variables.
Statement-II : The product of coefficient of correlation between X and Y variables and the ratio between standard deviation of X variable to standard deviation of Y variable measures the slope of the regression line of X on Y variable.Codes :

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 32Single Answer

Statement-I : Both the probable error and standard error of the coefficient of correlation are different.
Statement-II : When a sampling distribution of mean is prepared by taking small sized samples from a normally distributed population, the distribution takes the shape of normal distribution.
Codes :

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 33Single Answer

Which one of the following is not the major characteristics of internet?

A
Open
B
Expensive
C
Global
D
Untrusted

Question 34Single Answer

Assertion (A) : Private foreign capital lends to flow to the high profit areas rather than to the priority sectors.
Reasoning (R) : One of the important limitations to utilize the foreign capital is the absorptive capacity of the recipient country.
Codes :

A
(A) and (R) both are correct and (R) is the correct explanation of (A).
B
(A) and (R) both are correct but (R) is not the correct explanation of (A).
C
(A) is correct whereas (R) is incorrect.
D
(R) is correct whereas (A) is incorrect.

Question 35Single Answer

Consider the following statements and identify the correct code of true statements :
(a) When an organization’s survival is threatened and it is not competing effectively, retrenchment strategies are often needed.
(b) Turnaround strategy is used when an organization is performing well but has not yet reached a critical stage.
(c) Divestment strategy involves selling the business or setting it up as a separate corporation.
(d) Liquidation strategy involves closure of business which is no longer profitable.
Codes :

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

Question 36Single Answer

Statement-I : Most businesses start off as “Question Marks”, in that they enter a high growth market in which there is already a market leader.
Statement-II : A “Star” is the market leader in a high-growth market, but it does not necessarily provide much cash.

A
Statement-I is correct but Statement-II is incorrect.
B
Statement-II is correct but Statement- I is incorrect.
C
Both the Statements are incorrect.
D
Both the Statements are correct.

Question 37Single Answer

Match the items of List-I with List-II and identify the code of correct matching :
            List-I                                 List-II
(a) Consistent actions              (i) A perspective.
   one time
(b) It reflects the decision         (ii) A ploy
   of the firm to offer particular
   products or services in
   particular markets.
(c) A manoeuvre intended         (iii) A position
   to outwit competitor
(d) A view of what the               (iv) A pattern
   organization is to become.
Codes :

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

Question 38Single Answer

Apple computers uses a differentiation competitive strategy that emphasizes innovative product with creative design.' This is an example of :

A
Functional strategy
B
Business strategy
C
Operating strategy
D
Product strategy

Question 39Single Answer

Match the items of List-I with the items of List-II and select the code of correcting matching :
   List-I                                         List-II
(a) Richard Cantillon             (i) Entrepreneur must
                                              accept   the challenge
                                              and should be willing hard
                                              to achieve something.
(b) Joseph A                        (ii) Entrepreneurs are
   Schumpeter                         all those persons who are
                                               engaged in economic
                                               activity.
   (c) J.K. Golbraith             (iii) Entrepreneur is a
                                               person who introduces
                                               innovation and change.
   Codes :

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

Question 40Single Answer

Total Quality Management, job redesigning, new techniques of doing things and management by consensus are the examples of which one of the following?

A
Opportunistic entrepreneurship
B
Administrative entrepreneurship
C
Incubative entrepreneurship
D
Mass entrepreneurship

Question 41Single Answer

Under technology and quality upgradation support to help manufacturing MSMEs buy energy efficient technologies for production, what percentage of the actual expenditure is provided as financial support by the Government of India?

A
75%
B
60%
C
50%
D
25%

Question 42Single Answer

Which one of the following is not a personal characteristic of an entrepreneur?

A
Innovative
B
Hardworking
C
Practical
D
Submissive

Question 43Single Answer

Which one of the following is the most insignificant reason for sickness in SSI sector?

A
Power shortage
B
Lack of demand
C
Management problems
D
Equipment problems

Question 44Single Answer

Statement-I : Ethical principles tend to be broader than legal principles.
Statement-II : Laws and ethics are closely related.
Codes :

A
Statement-I is correct but Statement-II is incorrect.
B
Statement-II is correct but Statement-I is incorrect.
C
Both the Statements are correct.
D
Both the Statements are incorrect.

Question 45Single Answer

Assertion (A) : The state shall endeavour to protect and improve the environment and to safeguard the forest and wildlife of the country.
Reasoning (R) : The Directive principles of state policy of the Indian Constitution Command the State to ensure protection and improvement of environment and to safeguard forest and wildlife.
Codes :

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

Question 46Single Answer

Match the items of List-I with List-II and identify the code of correct matching :
       List-I                                            List-II
    (CSR Models)                               (Emphasis)
(a) Ethical Model                          (i) Corporate
    responsibilities limited to
    private owners.
(b) Statist Model                          (ii) Voluntary commitment
                                                       by companies to public
                                                       welfare.
(c) Liberal Model                          (iii) State ownership & legal                                                                requirements determine
                                                        corporate responsibilities.
(d) Stakeholder Model                  (iv) Companies respond to                                                               the need of customers,
                                                       communities, etc.
Codes :

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

Question 47Single Answer

Which one among the following is not correct about J. J. Irani Committee’s recommendations on Company Law (2005) :

A
2/5th of the board a listed company should comprise of independent directors.
B
Introduce the concept of One Person Company (OPC).
C
Allow corporations to self-regulate their affairs.
D
Disclose proper and accurate compilation of financial information of a corporation.

Question 48Single Answer

A business should act ethically for which of the following reasons?
(a) To prevent harm to the general public.
(b) To meet stake-holder expectations.
(c) To protect their own employees.
(d) To maximize profit of the business.
Codes :

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

Question 49Single Answer

From the following two statements of Assertion (A) and Reasoning (R), indicate the correct code :
Assertion (A) : The quantity of a product demanded invariably changes inversely to changes in its price.
Reason (R) : The price effect is the net result of the positive substitution effect and negative income effect.
Codes :

A
(A) and (R) both are correct.
B
(A) is incorrect but (R) is correct.
C
(A) is correct but (R) is incorrect.
D
(A) and (R) both are incorrect.

Question 50Single Answer

Match the items of the List-I with that of the List-II and suggest the correct code from the following :
   List-I                              List-II
(a) Cost function         (i) Kinked demand
(b) Supply function    (ii) Isoquants
(c) Production            (iii) Engineering method
   function
(d) Oligopoly              (iv) Factor prices
Codes :

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

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Management

Question 51Single Answer

Which one of the following combinations may not render the investment multiplier inapplicable?

A
Net imports, undistributed profits and taxation.
B
Excess stocks of consumption goods, debt cancellation and savings.
C
Price inflation, public investment programmes and strong liquidity preference.
D
Closed economy, unemployment in the economy, constant marginal propensity to consume.

Question 52Single Answer

Match the items of the List-I with that of the List-II and suggest the correct code from the following :
      List-I                                List-II
(a) Competitive                  (i) Variations in
         Parity                         Advertising
(b) Promotional                 (ii) Level advertising
       Elasticity of Market
(c) Optimal                       (iii) Advertising expen
   promotional mix                  diture decision
(d) Contra-cycle                (iv) Marginal equivalency
     advertising                         of media outlay
Codes :

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

Question 53Single Answer

Match the following and indicate the code of correct matching :
         List-I                                   List-II
(a) Classical                        (i) Response
   conditioning                         Stimulus learning
(b) Operant                         (ii) Stimulus-Response
   conditioning                              learning
(c) Cognitive                       (iii) Stimulus-Stimulus
   theory                                   learning
(d) Social learning               (iv) Modelling process
Codes :

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

Question 54Single Answer

Boss offers and employee a promotion which has huge increase in salary along with a new title. It also requires employee to work ten hours more per week along with shifting to a remote place. It is an example of which one of the following?

A
Approach conflict
B
Approach-Approach conflict
C
Approach-Avoidance conflict
D
Avoidance-Avoidance conflict

Question 55Single Answer

Which one of the following is not an example of semantic barrier?

A
Poorly chosen words and phrases
B
Faulty translation
C
Use of symbols that have various meanings
D
Guarding against certain type of information

Question 56Single Answer

Assertion (A) : Equity theory of work motivation is based on social exchange process, in which individuals make contributions (inputs) and expect certain rewards (outcomes.)
Reason (R) : Individuals decide whether or not a particular exchange is satisfactory by comparing their inputs and outcomes with those of others and try to rectify inequality.
Codes :

A
(A) is correct but (R) is not correct.
B
(A) is not correct but (R) is correct
C
Both (A) and (R) are Correct and (R) is right explanation of (A).
D
Both (A) and (R) are correct but (R) is not the right explanation of (A).

Question 57Single Answer

Which one of the following methods of performance appraisal involves ranking employees from best to worst in a particular train?

A
Graphic Rating Scale method
B
Forced Distribution method
C
Paired Comparison method
D
Alternation Ranking method

Question 58Single Answer

Which one of the following is not a basic feature of ‘Scanlon Plan’?

A
Philosophy of competition
B
Identity
C
Competence
D
Involvement system

Question 59Single Answer

A union of electricians working in different industries is called by which one of the following?

A
Craft Union
B
Industrial Union
C
General Union
D
National Union

Question 60Single Answer

Which one of the following is not correct about voluntary retirement scheme in public enterprises?

A
It was designed to help enterprises rationalise their surplus manpower.
B
Salary for the purpose of VRS consists of basic pay only.
C
Benefits are in addition to money that has accrued to provident fund.
D
Benefit is tax-free severance payment.

Question 61Single Answer

In case Mutual Funds invest in the securities whose price variations suggest the general price movement, it is called :

A
Hedge Fund
B
Index Fund
C
Growth Fund
D
Balanced Fund

Question 62Single Answer

Indicate the correct code of the combinations of the following methods commonly used for capital budgeting :
(a) Payback Period
(b) Profitability Index
(c) Utility theory
(d) Internal rate of return
Codes :

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

Question 63Single Answer

Match the items of List-I with those of List-II and indicate the correct code from the follwing :
       List-I                                     List-II
(a) Sale of existing                 (i) Reverse synergy
   firm to the management
(b) Financing acquisition        (ii) Management
   with substantial                     buyout
   secured borrowings
(c) Firms demerged               (iii) Reverse capital
   worth more to other firms      budgeting
(d) Cash inflows on                (iv) Leveraged buyout
   demerger at present
   at the sacrifice in form
   of cash out-flow on
   transfer of division/asset
   Codes :

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

Question 64Single Answer

NPV and IRR methods of investment evaluation may give divergent accept-re-ject decisions on account of which of the following?
(a) Varying initial investment
(b) Divergent cash flows from the investment projects
(c) Disparity in the lives of the investment projects
Indicate the correct code of their combinations :
Codes :

A
(a) and (b) only
B
(b) and (c) only
C
(a) and (c) only
D
(a), (b) and (c) all

Question 65Single Answer

Match the items of List-I with the items of List-II and select the code of correct matching :
   List-I                                        List-II
(a) Latent demand                   (i) More consumers would
                                                  like to buy the product
                                                  than can be satisfied.
(b) Full demand                       (ii) Consumers may be
                                                   attracted to products
                                                   that have undesirable
                                                   social consequences.
(c) Overfull demand                 (iii) Consumers may share
   a strong need that
    cannot be satisfied by
    an existing product.
(d) Unwholesome                    (iv) Consumers are
   demand                                    adequately buying all
                                                   products put into the
                                                   market place.
   Codes :

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

Question 66Single Answer

Match the items of List-I with the items of,List-II and select the code of correct matching :
   List-I                                      List-II
(Medium of Mass                   (Limitations)
Communication)
(a) Outdoor                         (i) Relative high cost
                                              increasing consumer
                                              resistance
(b) Yellow pages                 (ii) Over production could
                                               lead to runaway costs
(c) Brochures                     (iii) High competition; long                                                           & purchase lead time;
                                               creative limitations
(d) Telephone                      (iv) Limited audience
                                                selectivity; creative
                                                limitations
Codes :

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

Question 67Single Answer

“The manufacturer threatens to withdraw a resource or terminate a relationship if intermediaries fail to cooperate”, refers to which one of the following channel power?

A
Referent Power
B
Coercive Power
C
Legitimate power
D
Reward power

Question 68Single Answer

Assertion (A) : A company’s positioning and differentiation strategy must change over the product life cycle.
Reason (R) : A company’s product, market and competitors change over product life cycle.
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 right explanation of (A).

Question 69Single Answer

The following information is given :
Expected usage of 50,000 units in a period of 250 days Cost of processing an order Rs 20 per order Carrying cost per unit Rs 0.50 for the period lead time on an order : 5 days Company wants to keep a reserve supply of two day’s usage.
How many units will be included in the reorder point?

A
2000
B
1000
C
400
D
1400

Question 70Single Answer

Statement-I : A variable in the Linear Programming problem representing the unused quantity of an input resource is called surplus variable.
Statement-II : Values of the variables in the objective function of the dual of a primary problem denote shadow prices of the variables.
Codes :

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 71Single Answer

The least amount of time an activity is expected to consume. Which one of the following relates to the above expression as per PERT language?

A
Expected time
B
Most likely time
C
Optimistic time
D
Pessimistic time

Question 72Single Answer

Which one of the following is not covered while considering the types of costs involved in quality control?

A
Preventive costs
B
Manufacturing costs
C
Inspection costs
D
Failure costs

Question 73Single Answer

Match the items of List-I with the items of List-II and indicate the code of correct matching :
       List-I                                     List-II
(a) The parameters of the          (i) Normal
   distribution are n and p             distribution
(b) The mean and the               (ii) Exponential
   variance of the                       distribution
   distribution are identical
(c) The mean and the              (iii) Binomial
    standard deviation of             distribution
    the distribution
    determines central
    location and spread
    respectively.
(d) The graph of the                 (iv) Poisson
    probability density               distribution
    function of the
    distribution slopes
    downward to the right
    from its maximum
    mean value
Codes :

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

Question 74Single Answer

When a researcher wants to select a representative sample to assess different parameters from a large sized finite heterogeneous population, which one of the following sampling techniques is the most appropriate?

A
Judgemental sampling
B
Simple random sampling
C
Stratified random sampling
D
Quota sampling

Question 75Single Answer

Statement-I : The mean of the sampling distribution of mean is equal to the parameter value of the population mean
Statement-II : Stratified sampling techniquee is unrestricted probability (random) sampling technique.
Code :

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 76Single Answer

Assertion (A) : McDonald’s India Pvt. Ltd., the wholly-owned subsidiary of the US based fast-food giant McDonald’s Corporation, along with Coca-Cola, is developing a fruit based beverage, to be retailed exclusively at mcDonald’s outlets.
Reason (R) : Organizations rightly try to diversify in order to spread their risks across several industries.
Codes :

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

Question 77Single Answer

Statement-I : Competitors analysis begins with identification of potential competitors.
Statement-II : An industry analysis given information regarding probable sources of competition.
Codes :

A
Statement-I is correct but II is incorrect.
B
Statement-II is correct but I is incorrect.
C
Both the Statements are correct
D
Both the Statements are incorrect.

Question 78Single Answer

Strategic management consists of which one of the following combinations :
(a) Environmental scanning
(b) Strategy for outplay
(c) Strategy formulation
(d) Strategy implementaion
(e) Evaluation and control
Codes :

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

Question 79Single Answer

Michael Porter’s Five Forces Model includes which one of the following combinations?
   (a) Threat of new potential entrants
   (b) Threat of substitute product/service
   (c) Bargaining power of suppliers
   (d) Bargaining power of buyers
   (e) Rivalry among current competitors
   (f) Rivalry among prospective competitors
Codes :

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

Question 80Single Answer

Which one of the following is not a common motivation of an entrepreneur?

A
Desire to maintain the status quo
B
Search for more rewarding work
C
Search for personal and professional growth
D
Desire for independence

Question 81Single Answer

The SFURTI programme of the government is to boost production in which one of the following industries?

A
Auto-components industry
B
Industries using renewable energy
C
Khadi and village industry
D
Construction industry

Question 82Single Answer

Match the items of List-I with the items of List-II and identify the correct code of combination :
       List-I                                         List-II
(a)   Entrepreneurship and        (i) A.D. Chandler Jr.
       Dynamic Capitalism
(b)   The Affluent Society          (ii) J.K. Galbraith
(c)   Theory of Economic          (iii) Joseph
       Development                       Schumpeter
(d)   The Dynamics of               (iv) B.A. Kirchhoff
       Industrial Capitalism
Codes :

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

Question 83Single Answer

Statement-I : Entrepreneurs recognize opportunities where others see chaos or confusion.
Statement-II : Entrepreneurs bring aggressive capital for the existing business in traditional market place.

A
Statement-I is correct but II is not correct.
B
Statement-II is correct but I is not correct.
C
Both the Statements are correct.
D
Both the Statements are incorrect.

Question 84Single Answer

Social responsibility of business while appropriating natural resources by a corporate entity has been recommended in which one of the following?

A
Montreal Protocol of 1987
B
Millennium Development Goals 2008
C
Sustainable Development Goals 2015 in Global Sustainability Report
D
UNDP Human Development Report

Question 85Single Answer

Disclosure of corporate governance practice and its compliance has been stipulated in which one of the following?

A
Directors’ Responsibility Statement under Section 134 of the Companies Act 2013.
B
Auditor’s Report
C
C.A.G. Report
D
Report of the SEBI and MCA 21

Question 86Single Answer

Kumar Mangalam Birla Committee Report, Ramesh Chandra Committee Report, Cadbury Committee Report primarily focus on which one of the following?

A
ethical issues in business practice and marketing practice
B
health programme of the employees in an organisation
C
issues relating to corporate governance practice
D
gender issues in management and equality for all

Question 87Single Answer

‘The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.
This may be attributed rightly to which one of the following?

A
ethical responsibility of business
B
corporate social responsibility
C
commitment towards employee welfare
D
compliance with the provisions of the Plantation Workers Act.

Question 88Single Answer

Arrange the steps of diagnostic model of human resource management in the correct sequence from the first to the last. Select the code of correct sequence :
(a) Evaluate (b) Prescribe
(c) Diagnose (d) Implement
Codes :

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

Question 89Single Answer

Which one of the following is a training technique in which trainees act out parts in a realistic management situation?

A
Action learning
B
Role playing
C
Behaviour modelling
D
Case study

Question 90Single Answer

Match the following and indicate the code of correct matching :
   List-I                            List-II
(a) INTUC                 (i) Bhartiya Janta Party
(b) AITUC                 (ii) Communist Party of
                                     India
(c) BMS                   (iii) Indian National
                                     Congress
(d) CITU                    (iv) Communist Party of
                                    India (Marxist)
Codes :

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

Question 91Single Answer

The agreement arrived at during course of conciliation proceeding in industrial disputes is known as :

A
Settlement
B
Award
C
Reward
D
Accord and sanction

Question 92Single Answer

Results of a period that may occur at the initial career entry when the new employee’s high job expectations confront the reality of a boring, unchallengingjob. This may rightly be attributed to which one of the following?

A
Reality Shock
B
Mentoring Shock
C
Mental upcharge
D
Career upset

Question 93Single Answer

The two dominant aspects of industrial relations scene in the modern industrial society are covered in which one of the following?

A
Conflict and conciliation
B
Cooperation and conciliation
C
Conflict and cooperation
D
Cooperation and codetermination

Question 94Single Answer

The decision of the adjudication authority and arbitrator in disputes is termed as :

A
Settlement
B
Award
C
Reward
D
Accord and approval

Question 95Single Answer

In case of a domestic enquiry, which one of the following is not correct about enquiry officer?

A
He has to follow the principles of natural justice.
B
He can recommend punishment alongwith the report of findings.
C
He is generally an officer of the establishment but in some cases enquiry is also held by some outside agency.
D
He can take final decision about punishment and issue an order inflicting punishment.

Question 96Single Answer

Match the items of List-I with the items of List-II and select the code of correct matching:
   List-I                                    List-II
(a) Core benefit                   (i) Bed, bathroom, towel
                                              desk and closet
(b) Basic product                (ii) Clean bed sheet
(c) Expected product           (iii) Rest and sleep
Codes :

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

Question 97Single Answer

Select the correct sequence of steps in setting a pricing policy :
(a) Determining Demand
(b) Analyzing competitors’ Costs, Prices and Offers
(c) Selecting the Final Price
(d) Selecting the Pricing Objective
(e) Estimating costs
(f) Selecting a pricing method
Codes :

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

Question 98Single Answer

Which one of the following is a digital communications technique that involves improving visibility and monitoring sentiment within social networks and blogs?

A
Email marketing
B
Display advertising
C
E-PR
D
Search engine optimization

Question 99Single Answer

Which one of the following is the report of the company’s strengths and weaknesses relative to various competitors?

A
Competitor value analysis
B
Customer value analysis
C
Customer profitability analysis
D
Customer perceived value

Question 100Single Answer

A company prices a 2 litre bottle of its mineral water at Rs 30 but 60 ml of the same water in a moisturizer spray for Rs75. This is an example of which one of the following pricing practices?

A
Product-Form pricing
B
Customer-segment pricing
C
Image pricing
D
Location pricing

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