1. In the case of an inferior commodity, the income elasticity of demand is
(A) Positive
(B) Unitary
(C) Negative
(D) Infinity
Answer:-(C)
2. The slope of the iso-cost line is determined by
(A) Prices of the two factors
(B) Productivity of the two factors
(C) Degree of substitutability of the two factors
(D) None of these
Answer:-(A)
3. Which one of the following statements is correct or more nearly correct?
(A) An increase in the price of commodity represents a fall in its value
(B) Value has nothing to do with the price
(C) If the price of a commodity falls, its value relative to other goods does not change
(D) The price of a good is its value measured in terms of money
Answer:-(B)
4. The important macro-economic aggregates are
(A) Aggregate Consumption
(B) Gross Domestic Capital Formation
(C) Gross Domestic Savings and GNP
(D) All of the above
Answer:-(D)
5. Match the following
List – I List – II
I. For a given 10 per cent 1. e > 1
change in price, demand
changes by zero per cent
II. For a given 10 per cent 2. e = 1
change in price, Demand
changes by 5 per cent
III. For a given 10 per cent. 3. e < 1
change in price demand
changes by 10 per cent
IV. For a given 10 per cent 4. e = 0
change in price, demand
changes by 20 per cent
Code:
I II III IV
(A) 3 1 2 4
(B) 4 3 2 1
(C) 1 2 3 4
(D) 2 3 1 4
Answer:-(B)
6. Long – lasting beliefs about what is important in a variety of situations, that guide our decisions and actions are:
(A) Values
(B) Ethical dimensions
(C) Priorities
(D) Desires
Answer:-(B)
7. Figure – Ground Theory explains the process of
(A) Cognition
(B) Sensation
(C) Perception
(D) Motivation
Answer:-(C)
8. Successive re-inforcements resulting in desired behavior are
(A) Mentoring
(B) Motivation
(C) Shaping
(D) behavior-modification
Answer:-(C)
9. Psychological contract is related to
(A) Job – person fit
(B) Role – person fit
(C) Organization – person fit
(D) None of the above
Answer:-(D)
10. Equity is called as
(A) Equality of all
(B) Standard performance
(C) Comparative sense of justice to self
(D) None of the above
Answer:-(C)
11. The distinction between „job enrichment‟ and „job enlargement‟ is
(A) Semantics
(B) ̳Job enrichment‘ is vertical loading while ̳job enlargement‘ is horizontal loading
(C) ̳Job enrichment‘ is the outgrowth of Hertzberg‘s theory while ̳job enlargement‘ is of Maslow‘s orientation.
(D) ̳Job enrichment‘ is more for the individual and the other is more of organization making
Answer:-(B)
12. In „delegation‟
(A) Only authority is delegated not responsibility
(B) Both authority and responsibility are delegated
(C) Only responsibility is delegated, not authority
(D) Neither responsibility, nor authority is delegated
Answer:-(A)
13. Cross-functional groups that operate across space, time and organizational boundaries with members who communicate mainly through information technologies are
(A) Telecomputers
(B) Virtual teams
(C) Teleworkers
(D) Telemarketers
Answer:-(B)
14. Career resilience means
(A) Ability to switch careers
(B) Ability to remain with same competencies refining suitably for organizations
(C) Lack of capacity to remain in career (D) None of the above
Answer:-(B)
15. Lock out means
(A) An antithesis of strike
(B) Refusal to employ any person in employment
(C) the temporary closing of a place of employment
(D) Illegal strike
Answer:-(C)
16. Which is the task of a finance manager?
(A) Investment decision
(B) Dividend decision
(C) Management of income
(D) All of the above
Answer:-(D)
17. Which method of capital budgeting focuses on liquidity of a project?
(A) Net present value
(B) Profitability index
(C) Payback period
(D) Internal rate of returns
Answer:-(C)
18. Which statement is true about deep discount bonds?
(A) These are in the form of low interest bonds
(B) These bonds are sold at a discounted value and on maturity face value of the bond is paid to the investors
(C) There is no interest payout during lock-in period
(D) None of the above
Answer:-(B)
19. Financial leverage is
(A) EBIT × 100
Sales
(B) EBIT
EBT
(C) Sales
Fixed Assets
(D) Profit × Capital
Sales
Answer:-(B)
20. Match the following
List–I (items / method) List – II (used )
I. Rate of return method 1. Capital
budgeting
II. Purchase consideration 2. Merger
III. Diminishing Balance 3. Depreciation
Method
IV. Fifo Method. 4. Stock valuation
Code:
I II III IV
(A) 1 3 2 4
(B) 3 2 4 1
(C) 1 2 3 4
(D) 1 4 3 2
Answer:-(C)
21. Arrange the following steps of a five-stage model of the consumer buying process:
I. Evaluation of Alternatives II. Need Arousal
III. Information search
IV. Purchase Decision
V. Post Purchase behavior Code
(A) IV, II, III, I, V
(B) III, II, I, IV, V
(C) I, II, IV, III, V
(D) II, III, I, IV, V
Answer:-(D)
22. It refers to the total number of items in the Product Mix. It is known as following.
(A) The width of product mix
(B) The length of product mix
(C) The depth of product mix
(D) The consistency of product mix
Answer:-(B)
23. Given below are two statements, one labeled as Assertion (A), and the other labeled as Reason (R). State the correct answer from code given below.
Assertion (A): Pure-click companies can be search engines, Internet service providers, commerce sites, transaction sites, content sites and enabler sites.
Reason (R) : Pure-click companies are those companies that have launched a website without any previous existence as a firm.
Code:
(A) (A) is correct, but (R) is wrong.
(B) Both (A) and (R) are correct.
(C) (A) is wrong, but (R) is correct.
(D) Both (A) and (R) are wrong.
Answer:-(B)
24. Match List-I and List-II.
List – I
(Characteristics of Services) considering a characteristic of service)
List – II
(Marketing Strategy applied
I. Intangibility 1. Preparing a service blue print showing each service and process in a flow chart.
II. Inseparability 2. Tangiblize the intangible
III. Variability. 3. To train more service providers and build up client confidence.
IV. Perishability. 4. Use differential pricing
Code:
I II III IV
(A) 2 1 3 4
(B) 2 3 1 4
(C) 1 3 2 4
(D) 2 1 4 3
Answer:-(B)
25. A diverse collection of incentive tools designed to stimulate quicker buying of a particular product or service by consumers or the trade is known as
(A) Advertising
(B) Personal selling
(C) Publicity
(D) Sales promotion
Answer:-(D)
26. Which of the following departments is not directly affected by the facilities location decision?
(A) Production / operations
(B) Marketing
(C) Personnel
(D) Finance
Answer:-(D)
27. Ship building and construction of dams and bridges are typical examples of
(A) Fixed position layout
(B) Functional layout
(C) Product layout
(D) Project type layout
Answer:-(A)
28. If unit item cost = Rs10, monthly carrying charge = 3 per cent, monthly demand = 100 units and ordering cost = Rs20 per order, the EOQ is:
(A) 11.45
(B) 400
(C) 115.4
(D) 33.3
Answer:- (C)
29. In managing a project, a network is better suited than Gantt chart because
(A) It can be updated more easily
(B) It clearly brings out the interdependencies between the different activities
(C) Both (A) and (B)
(D) None of the above
Answer:-(C)
30. The aggregate production plan spans
(A) Short time horizon
(B) Intermediate time horizon
(C) Long time horizon
(D) None of the above
Answer:-(B)
31. The probability that a contractor will get a plumbing contract is 2/3 and that he will get an electric contract is 4/9. If the probability of his getting at least one of the two contracts is 4/5, then the probability that he will get both contracts is
(A) 10/45
(B) 8/27
(C) 14/45
(D) 26/45
Answer:-(C)
32. If a random variable X follows Poisson distribution such that P(X = 1) = P(X = 2), then the mean of the distribution is
(A) 1
(B) 2
(C) 4
(D)3
Answer(B)
33. The value of R1.23 lies between
(A) –1 and +1
(B) –1 and 0.0
(C) 0.0 and +1
(D) – 0.5 and + 0.5
Answer:-(C)
34. A source programme is
(A) a programme written in machine language
(B) a programme to be translated into machine language
(C) the machine language translation of a programme written in high-level language
(D) none of the above
Answer:-(C)
35. Processing data in groups collected over periods of time is known as
(A) Time - sharing
(B) Batch processing
(C) Real – time processing
(D) Multi – processing
Answer:-(B)
36. “We must forget to learn and learn forgetting” is ascribed to
(A) Tom Peters
(B) Peter F. Drucker
(C) Abraham S. Maslow
(D) Garry Hamel
Answer:-(A)
37. In highly competitive environment an organization to achieve sustained success should be
(A) Better
(B) Bigger
(C) Resilient
(D) None of the above
Answer:-(C)
38. Corporate governance is about
(A) Crafting the strategy
(B) Compliance with regulatory regime
(C) Satisfying the stakeholders
(D) Governing the company in the interest of government in power
Answer:-(C)
39. Strategic planning is about
(A) Strategic thinking
(B) Strategic programming
(C) Tactical Planning
(D) Portfolio Planning
Answer:-(B)
40. If two or more companies are merged and only one of them survives while others loose their independent entity, it is referred to as
(A) Merger
(B) Absorption
(C) Amalgamation
(D) Combination
Answer:-(A)
41. The MSMED Act, 2006 classified enterprises broadly into (A) Two categories
(i) Manufacturing enterprises and
(ii) Service enterprises
(B) Three categories
(i) Micro enterprises
(ii) Small enterprises
(iii) Medium enterprises
(C) Four categories
(i) Micro enterprises
(ii) Small enterprises
(iii) Tiny enterprises
(iv) Medium enterprises
(D) Four categories
(i) Tiny enterprises
(ii) Micro enterprises
(iii) Small business enterprises
(iv) Medium enterprises
Answer:-(A)
42. Which sector is called as Primary Sector in India?
(A) Industrial sector
(B) Service sector
(C) External sector
(D) Agricultural sector
Answer:-(D)
43. How many times the census of registered Micro, small and medium Enterprises (MSMEs) have been made by Small Industries Development Organization (SIDO)?
(A) 1
(B) 2
(C) 3
(D) 4
Answer:-4
44. EDII is situated at
(A) New Delhi
(B) Ahmedabad
(C) Patna
(D) Kolkata
Answer:- (B)
45. Industrial Policy of which year contained for the very first time a special thrust on measures for promoting and strengthening small tiny and village enterprises
(A) 1956
(B) 1991
(C) 1948
(D) 1977
Answer:-(D)
46. Members of organizations are increasingly finding themselves facing situations in which they are required to define right and wrong conduct. It is most aptly called as following
(A) Environmental issues of ethics
(B) Social responsibilities of business
(C) Corporate governance & ethics
(D) Ethical Dilemmas of business
Answer:-(D)
47. Situations in which individuals are required to define right and wrong conduct to be complied with are called as following
(A) Ethical climate
(B) Ethical dilemmas
(C) Code of Ethics
(D) None of the above
Answer:-(B)
48. Arrange the following steps of a simple ethics programme
I. Walk the talk
II. Size up your company‘s current ethics
III. Train your people
IV. Solicit feedback from your employees
V. Create a code of conduct
Code:
(A) V, I, IV, II, III
(B) II, V, IV, III, I
(C) II, V, III, IV, I
(D) II, IV, III, II, I
Answer(C)
49. Who is involved in „Shoplifting‟ from the following?
(A) Producer
(B) Seller
(C) Consumer & or a customer
(D) None of the above
Answer:-(C)
50. Match List-I with List-II.
List – I. List-II
(Ethical Issue). (Stakeholder affected)
I. Unsafe working conditions 1. Customers
II. Product safety. 2. Society
III. Environmental Pollution 3. Employees
IV. Following local laws. 4. Host Country
Code:
I II III IV
(A) 2 4 3 1
(B) 3 1 2 4
(C) 1 3 4 2
(D) 3 2 1 4
Answer:-(B)
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