1. The elasticity of demand indicates
(A) The rate of response of demand to a change in price.
(B) The rate of change of demand to a change in income.
(C) The change in the tastes of consumers at different prices.
(D) The rate of response of demand to a change in supply.
Answer:-(A)
2. A rightward shift in supply curve indicates
(A) A decrease in supply
(B) An increase in quantity demanded
(C) An increase in supply
(D) Law of variable proportion
Answer:- (C)
3. Which of the following is the condition of equilibrium for the monopolist ?
(A) MR=MC
(B) MC=AR
(C) AR=MC=Price
(D) AC=AR
Answer:-(A)
4. If the demand curve is a rectangular hyperbola, elasticity is
(A) 1
(B) 0
(C) infinity
(D) less than one
Answer:-
5. If both supply and demand increase by the same proportion,
(A) Quantity remains constant
(B) Price remains constant
(C) Price increases
(D) Quantity increases
Answer:-(B)
6. What leads to rationing and black marketing under perfect competition ?
(A) Price support
(B) Excess demand
(C) Decrease in supply
(D) Price control
Answer:-(D)
SOLVED QUESTION PAPER JUNE2009
7. In Maslow’s need hierarchy theory, which of the following is not high order needs ?
(A) Safety
(B) Social
(C) Esteem
(D) Self-Actualisation
Answe:-(A)
8. Feeling arising out of inadequate definition of roles is known as
(A) Role ambiguity
(B) Role conflict
(C) Role perception
(D) Role expectation
Answer:-(A)
9. A type of group discussion process in which members of the group are encouraged to generate as many imaginative and creative ideas in a relatively short period of time is
known as
(A) Brain storming
(B) Group working
(C) Simulation
(D) Group effect
Answer:-(A)
10. The amount of satisfaction an individual anticipates from a particular outcome is known as
(A) Theory Y
(B) Theory Z
(C) Valence
(D) Stress
Answer:-(C)
11. A personality characteristic indicating one’s willingness to do whatever it takes to get one’s own way is known as
(A) Locus of control
(B) Machiavellism
(C) Job characteristic model
(D) Personality legitimacy
Answer:-(B)
12. The process of studying and collecting information relating to a specific job is known as
(A) Motion study
(B) Job analysis
(C) Job specification
(D) Job enrichment
Answer:-(B)
13. The horizontal expansion of jobs is termed as
(A) Job enlargement
(B) Job enrichment
(C) Job sharing
(D) Job involvement
Answer:-(A)
14. A bargaining which is based upon zero-sum game is known as
(A) Integrative bargaining
(B) Principled bargaining
(C) Distributive bargaining
(D) None of these
Answer:- (C)
15. The final link in the communication process that puts the message back into the system as a check against misunderstandings is described as
(A) Decoding
(B) Feedback
(C) Feedback Loop
(D) None of these
Answer:-(C)
16. In the ‘Managerial grid’ 9, 1 style is termed as
(A) Team Management
(B) Country Club Management
(C) Authority Obedience
(D) Improvised Management
Answer
17. Which of the following is not one of the 5s of housekeeping ?
(A) Sort
(B) Systemize
(C) Specialize
(D) Shine
Answer:-
18. Internal rate of return method applied for capital budgeting decision
(A) allows to take different discount factors.
(B) uses cost of capital as discount factor.
(C) may give more than one IRR.
(D) distinguishes between the IRR for lending and borrowing decision.
Answer:-(B)
19. Beta in the context of security analysis indicates
(A) Systematic risk
(B) Unsystematic risk
(C) Total risk
(D) All of the above
Answer:-(A)
20. Assuming constant rate of growth of dividend, value of share will be equal to
D0 D1 (A) P0=r–g (B) P0=r–g
D0 D0
(C) P1=r+g
(D) P1= r+g
21. Theoretically, with the issue of rights share the value of existing shares
(A) will increase
(B) will not change
(C) will reduce
(D) may increase or decrease
Answer:-(C)
22. When the cash flow outcomes of succeeding period depends on what has happened before, the probabilities of succeeding period are known as
(A) joint probabilities
(B) conditional probabilities
(C) simple probabilities
(D) decision tree
Answer :-(B)
23. A high risk, high-yield often unsecured bond rated below investment grade is known as
(A) Income-bond
(B) Subordinated debentures
(C) Junk bond
(D) Serial bond
Answer:-(C)
24. Who coined the term 4 Ps ?
(A) Philip Kotler
(B) Stanton
(C) Peter Drucker
(D) Mc Carthy
Answer:-(D)
25. In the buying decision process, what is the term used for a person who first suggests buying the product ?
(A) Consumer
(B) Decider
(C) Initiator
(D) Influencer
Answer:-(C)
26. Which of the following is in order ?
(A) Product, place, price and promotion.
(B) Price, product, promotion and place.
(C) Promotion, place, product and price.
(D) Product, price, place and promotion.
Answer:-(D)
27. Which of the demographic variable is not used by marketers for demographic
segmentation ?
(A) Income
(B) Gender
(C) Family life cycle
(D) Poverty
Answer:-(D)
28. Which of the following indicates the distinction between Advertising and Publicity ?
(A) Advertising is expensive, publicity is less expensive.
(B) Advertising is through T.V., publicity is through print media.
(C) Advertising is a paid form of communication, Publicity is not a paid form of
communication.
(D) Advertising is through film stars, Publicity is through cricketers.
Answer:- (C)
29. Which of the following order about product life cycle is correct ?
(A) Introduction, Maturity, growth and decline.
(B) Introduction, growth, maturity and decline.
(C) Introduction, decline, maturity and growth.
(D) Growth, maturity, decline and introduction.
Answer:-(B)
30. Companies that attack other firms including market leader in an attempt to build market share are called
(A) Market followers
(B) Market challengers
(C) Market penetrators
(D) Market Nichers
Answer:-(C)
31. Tactical production planning decision includes
(A) Layout planning
(B) Machine loading
(C) Production process
(D) Plant location
Answer:-(C)
32. Which of the following is not to be considered for plant location decision ?
(A) Availability of labour
(B) Availability of power
(C) Availability of raw material
(D) Brand image
Answer:-(D)
33. Moving average forecasting is used to
(A) establish the trend of the past
(B) forecast the current demand
(C) forecast market competition
(D) forecast Quasi demand
Answer:-(B)
34. Work measurement is essential for
(A) Labour utilization and efficiency
(B) Determining the delivery dates
(C) Introducing Financial incentive schemes
(D) All of the above
Answer:-(D)
35. E O Q refers to the quantity for which
(A) fixed cost is equal to variable cost
(B) carrying cost is equal to ordering cost
(C) average cost is equal to marginal revenue
(D) total contribution minus cost of goods
Answer:-(B)
36. A company is producing steel rods. Assuming that the length of steel rods follows normal distribution with mean 10 inches & variance equal to 0.04 sq. inches. The standard error of mean, when a random sample of 16 is taken, will be
(A) 4/10
(B) 2/20
(C) 2/40
(D) None of these
Answer(C)
37. Judgement sampling to select the sampling units from population is termed as
(A) Probability sampling
(B) Non-probability sampling
(C) Systematic sampling
(D) None of these
Answer:-(B)
38. Wide area network is
(A) Network of computers spread over a small geographical area.
(B) Network of computers spread over a large geographical area.
(C) Network of computers in a room.
(D) None of these.
Answer:-(B)
39. Correlation coefficient between two variables X & Y is calculated as 0.63. If the
measurements of X & Y are changed to U=X–10 & V=Y+5 the new value of 5 10
correlation coefficient will be
(A) 0.063
(B) 0.315
(C) 0.63
(D) None of these
Answer:-
40. A person appears in an interview for a job in the two companies say X and Y. The chances of selection in company X is 0.7 and chances of selection in Y is 0.6. The
probability of his selection in either of the two companies will be
(A) 0.42
(B) 0.88
(C) 0.50
(D) None of these
Answer:-
41. Which of the following helps a manager to identify the opportunities and threats in the
competitive industry environment ?
(A) Analysis of organisational structure.
(B) Analysis of competitive forces.
(C) Analysis of operations.
(D) Market Research
Answer:- (D)
42. Essence of strategy at strategic Business Unit level is
(A) How to build core competency
(B) How to gain competitive advantage
(C) How to gain market share
(D) All of the above
Answer(D)
43. Which one of the following is a primary activity in a value chain ?
(A) Operations
(B) Firm infrastructure
(C) Technology development
(D) Procurement
Answer:-(A)
44.Business unit which holds a large market share in a mature and slow growing industry
is called
(A) Star
(B) Dog
(C) Question Mark
(D) Cash cow
Answer:-(D)
45. Which strategy requires a company to concentrate its efforts in one or more narrow
segments instead of broad based strategy ?
(A) Cost leadership
(B) Focus
(C) Differentiation
(D) None of the above
Answer:-(B)
46. Which of the following is an example of an external threat ?
(A) New trade regulations
(B) Global sales potential
(C) Economies of scale
(D) Decreased competition
Answer:-(A)
47. Which of the following has been entrusted with the responsibility of developing and supporting small business ?
(A) IDBI
(B) RBI
(C) NABARD
(D) SIDBI
Answer:-(D)
48. “Innovation and entrepreneurship” is a book written by
(A) Philip Kotler
(B) C. K. Prahlad
(C) Pradeep Khandwala
(D) Peter F. Drucker
Answer:-(D)
49. Strategising within value frame work is an approach of
(A) Management
(B) Administration
(C) Governance
(D) Stake holders
Answer:-(C)
50. Social responsibility means that a business
(A) Functions efficiently without harming the society
(B) Abjures the profit motive
(C) Keeps pollution under check
(D) Pays its Taxes to Government
Answer:-(A)
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