1. Price elasticity of demand is best defined as :
(A) The change in the tastes of consumers at different prices
(B) The rate of response of demand to a change in supply
(C) The rate of response of demand to a change in price
(D) The rate of change of demand to a change in price
Answer:-(B)
2. Giffen goods are those goods :
(A) For which demand increases as price increases
(B) Which are in short supply
(C) Which have high income elasticity of demand
(D) Which give rise to a decrease in demand
Answer:-(A)
3. The situation where the market consists of only two buyers, then it is called :
(A) Duopsony
(B) monopsony
(C) Monopoly
(D) Duopoly
Answer:-(B)
4. In India, which method is used to measure National Income in service sector ?
(A) Expenditure method
(B) Income method
(C) Out put method
(D) Value added method
Answer:-
5. Short run cost curves are influenced by :
(A) Principles of return to scale
(B) Economies of scale
(C) Law of variable proportion
(D) Diseconomies of scale
Answer:-(C)
6. The term opportunity cost refers to :
(A) Variable cost
(B) Short run cost
(C) Cost of one product in terms of production of others forgone
(D) Cost related to an optimum level of production
Answer:-(C)
7. Which of the following is not one of the ego states of transactional analysis :
(A) Child
(B) Young
(C) Adult
(D) Parents
Answer:-(B)
8. Where anchors are illustrations that help to define as superior, average or below average, the behaviour of the employee, the rating scale is known as :
(A) Behavioural expectation scale
(B) Behavioural observation scale
(C) Forced choice description
(D) Grading scale
Answer:-(B)
9. In the decision tree model of vroom and yetton the style when the leader shares the problem with subordinates as a group, obtains collective ideas, and then makes the decision is identified as :
(A) AI
(B) AII
(C) CI
(D) CII
Answer:-(D)
10. Leaders who provide individualised consideration and intellectual stimulation and who possess charisma is known as :
(A) Transactional Leaders
(B) Transformational Leaders
(C) Situational Leaders
(D) Visionary Leaders
Answer:-(B)
11. The drive to become what one is capable of becoming is :
(A) Self-Awareness
(B) Self-Actualisation
(C) Self-Efficiency
(D) Self-Esteem
Answer:-(B)
12. Which of the following is not one of the career anchors :
(A) Managerial competence
(B) Technical - functional competence
(C) Personal competence
(D) Security
Answer:-
13. Theory Z has been propounded by :
(A) Mc Gregor
(B) Ouchi
(C) Maslow
(D) Skinner
Answer:- (B)
14. Which of the following is not within the scope of Adjudication ?
(A) Conciliation
(B) Labour Court
(C) Industrial Tribunal
(D) National Tribunal
Answer:-(B)
15. Outplacement services are provided to employees who have been :
(A) Dismissed
(B) Rendered surplus
(C) Retired
(D) Given voluntary retirement
Answer:-(C)
16. What notice period is required for going on strike/lockout in public utility services ?
(A) One week
(B) Three weeks
(C) Six weeks
(D) Nine weeks
Answer:-
17. Modifying methods of performing a job to reduce the levels of skill or skills demanded is known as :
(A) Multi - tasking
(B) De - skilling
(C) Multi - skilling
(D) None of these
Answer:-
18. The computation of NPV is based on the assumption that :
(A) cashflows for each year remains constant
(B) net present value can never be less than zero
(C) intermediate cash flows are being reinvested at the discount factor
(D) discount factor should remain constant throughout the life of the project
Answer:-(C)
you also read :-SOLVED QUESTION PAPER DEC2009
19. For Determines of cost of equity the formula used is:-
(A) Rate of interest (1 t)
(B) Rate of dividend (1 t)
(C) Rate of Dividend (Face value - Issue Price)/n
(D) D1 +g
P0
Answer:- (D)
20. According to MM - Approach proposition - I, value of firm is :
(A) independent of capital structure
(B) dependent on capital structure
(C) dependent on tax-rate of the enterprise
(D) dependent on risk of the enterprise
Answer:-(B)
21. A stable dividend policy indicates :
(A) Stable earning/price ratio
(B) Stable price/earning ratio
(C) Stable pay-out ratio
(D) Stable earning per share
Answer:-(A)
22. The vertical merger represents merger of firms engaged in :
(A) The same line of business
(B) Different stages of production in an industry
(C) Unrelated lines of business
(D) All of the above
Answer:- (B)
23. The degree of total leverage is equal to :
(A) percentage change in EPS/percentage change in sales
(B) percentage change in EBIT/percentage change in sales
(C) percentage change in EPS/percentage change in EBIT
(D) percentage change in sales/percentage change in EBIT
Answer:-(A)
24. Changes in the population characteristics such as age, gender, race, marital status, income and education are the examples of :
(A) geographic characteristics
(B) cultural characteristics
(C) psychographic characteristic
(D) demographic characteristics
Answer:-(D)
25. Which of the following is not constituent of promotion-mix :
(A) Advertising
(B) Sales promotion
(C) Direct marketing
(D) Publicity
Answer:-(D)
26. Which of the following factors does not influence the pricing strategy of a firm ?
(A) Market
(B) Competition
(C) Cost
(D) R&D
Answer:-(D)
27. Who coined the term Marketing Myopia?
(A) Peter Drucker
(B) Stanton
(C) Philip Kotler
(D) Theodore Levitt
Answer:-(D)
28. In the diffusion of innovation who are the people not willing to try out the product :
(A) Innovators
(B) Progressive people
(C) Early adopters
(D) early majority
Answer:-(A)
29. Which of the following is not a variable for segmenting the market ?
(A) Sex
(B) Age
(C) Income
(D) Sales
Answer:-(D)
30. At which stage of new product development process, the launching of new product will take place :
(A) Concept development
(B) Marketing strategy development
(C) Test marketing
(D) Commercialization
Answer:-(C)
31. Strategic production planning decisions include :
(A) Quality development
(B) Make or Buy decision
(C) Manpower planning
(D) Layout planning
Answer:-(B)
32. Which one of the following is not the type of Plant Layout ?
(A) Process Layout
(B) Product Layout
(C) Fixed position Layout
(D) Selection Layout
Answer:-(D)
33. Production control is concerned with :
(A) Establishment of Quality Standard norms
(B) Execution of production plan
(C) Expediting the production process
(D) Product Quality control
Answer:-(D)
34. Critical Path Method network analyses is done with the objective of :
(A) determining the completion time for the project
(B) determining the product quality
(C) determining the production cost
(D) determining the pay-back period
Answer:-(A)
35.Q systems of inventory control provides for :
(A) Ordering the inventory when it normally equals to EOQ
(B) Ordering the inventory depending on the stock level on hand
(C) Optimization of inventory costs
(D) None of the above
Answer:-
36. In case of Binomial distribution, the mean is :
(A) Always greater than variance
(B) Always equal to variance
(C) Always less than variance
(D) None of these
Answer:-(A)
37. Car hire firm has two cars which it hires out daily. The demand for car is distributed as Poission with mean 2. If the value of eP2S0.1353, the number of days out of 100 days on which neither of the car is used are :
(A) Approximately 14
(B) Approximately 22
(C) Approximately 32
(D) None of these
Answer:-
38. A committee of four has to be formed from among 3 Economists, 2 Managers, 4 Doctors and one Statistician. The Probability that all 4 professions are represented on the committee will be :
(A) 14/35
(B) 10/35
(C) 4/35
(D) 24/35
Answer:-
39. Correlation Coefficient is equal to :
(A) Arithmetic mean of both regression coefficients
(B) Geometric mean of both regression coefficients
(C) Difference of two regression coefficients
(D) None of these
Answer:-(B)
40. When Null hypothesis (Ho) is true and test rejects it, it is called :
(A) Type - I error
(B) Type-II error
(C) Level of significance
(D) None of these
Answer:-(B)
41. Which element identities the strategic factors that determine the future of a firm ?
(A) Environmental Scanning
(B) Strategy Formulation
(C) Strategy Implementation
(D) Strategy Evaluation and Control
Answer:-(A)
42. Which strategy provides a means for achieving a company’s annual objectives ?
(A) Marketing Strategy
(B) Operating Strategy
(C) Business Strategy
(D) Corporate Strategy
Answer:-(C)
43. Which of the following is not a primary activity in a value chain ?
(A) Human Resource Management
(B) Marketing and Sales
(C) Operations
(D) Outbound logistics
Answer:-(A)
44. Which one of the following represents the best long run opportunity in a firms business portfolio ?
(A)Star
(B) Question Mark
(C) Cash COW
(D) DOG
Answer:-(C)
45. A firm tries to achieve the lowest cost of production and distribution so that it can set its prices at a lower level than its competitors. Which generic strategy it is following ?
(A) Cost leadership
(B) Differentiation
(C) Focus
(D) All of the above
Answer:-(A)
46. Which method of product portfolio analysis helps in deciding which products are to be retained and which are not to be retained ?
(A) Ansoffs Matrix
(B) Environment Matrix
(C) BCG Matrix
(D) All of the above
Answer:-(C)
47. What BIFR stands for :
(A) Bureau of Industrial Financial Reconstruction
(B) Board of Industrial Financial Reconstruction
(C) Bureau of Industrial Financial Re-engineering
(D) Board of Industrial Financial Re-engineering
Answer:-(B)
48. Which one of the following is not the reason for sickness of industries ?
(A) Inadequate working capital
(B) Huge Market
(C) Out dated Technology
(D) Changing tastes of consumers
Answer:-(A)
49. Environmental Ethics refers to :
(A) Unfair Trade Practices
(B) Product price
(C) Pollution
(D) Quality of the product
Answer:-(C)
50. Corporate governance includes management
(A) Employees
(B) Society
(C) organisational
(D) All of these
Answer:-(D)
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