PAPER-II MANAGEMENT


Note This paper contains fifty objective type questions, each question carrying two marks. Attempt all the questions.

1. Under perfect competition in the long run

All firms earn normal profits

Few firms earn super normal profits

(C) All firms are at break even

None of the above


2. National Income at market prices is equal to

(A) Gross national product at market prices

(B) Gross domestic product at market prices

(C) Net national product at factor cost

(D) None of the above


3. If there is a single buyer, it is called

(A) Monopoly

(B) Oligopoly

(C) Monopsony

(D) None of the above


4. Under which of the following method the time value of money is not considered

Net present value method

Internal rate of return method

(C) Pay back period method

(D) All of the above


5. A firm is having increasing returns to scale means

(A) It is having increasing costs.

(B) It is having constant costs.

(C) It is having decreasing costs.

(D) None of the above

6. Production can be measured in terms of which of the following

(A) Total productivity

(B) Marginal productivity

(C) Average productivity

(D) All of the above

7. Which of the following is an objective of human resource management

Productivity

(B) Quality of work life

(C) Organisational change

(D) All the above

8. Motivation implies that the employees in an organisation

(A) Exert more effort to accomplish the desired goals of the organisation.

(B) Exert more effort to accomplish the individual goals.

(C) Exert more effort to accomplish the common goals of employees.

(D) Exert more effort to accomplish the desired goals of the employer, employees and the Government.

9. Communication can be

(A) Oral

(B) Written

(C) Oral and Written

(D) None of the above


10. Which of the following is not considered as a leadership style

(A) Task oriented leadership style.

(B) Society oriented leadership style.

(C) Employee oriented leadership style.

(D) Autocratic leadership style

11. Which of the following method has not been given a statutory form in India

(A) Conciliation

(B) Mediation

(C) Voluntary Arbitration

(D) Adjudication

12. What are the operative functions of HRM

(A) Organising

Directing

(C) Controlling

All of the above

13. Which one is not a performance appraisal method

(A) 360° performance appraisal

(B) Balanced score card

(C) Rank method

(D) Interview method

14. Selection of persons in an organisation is the responsibility of

(A) Security Dept.

(B) Personnel Dept.

(C) Trade Unions

(D) Canteen Dept.

15. Labour Welfare facilities were incorporated in which legislation

(A) MRTP Act

(B) Essential Commodities Act

(C) Consumer Protection Act

(D) Factories Act

16. Job analysis involves

(A) Job description and job specification

(B) Job order and job description

(C) Job specification and job order

(D) Job satisfaction and job description

17. Which one of the following represents number of years required to recover the initial investment

(A) Accounting rate of return

(B) Pay back period

(C) Internal rate of return

(D) Net present value

18. Other things being equal, stocks which are highly liquid command

Higher dividend payout ratio

(B) Lower dividend payout ratio

(C) Higher P/E multiples

(D) Lower P/E multiples

19. Weighted Average Cost of Capital may contain

I. Cost of Equity
II. Cost of Debt
III.Cost of goods purchased
IV. Cost of initial investment
Find the correct combination according to the code

II III are correct.

III IV are correct.

(C) III IV are correct.

II are correct


20. Long term sources of finance may contain

I. Retained earnings
II. Inter corporate deposits
III.Debentures
IV. Preference share capital Find the correct combination according to the code

III IV are correct

III IV are correct

(C) II III are correct

(D) II IV are correct

21. When a firm proposes to acquire another firm, the merger proposal may be viewed as a

(A) Working capital management proposal

(B) Capital budgeting proposal

(C) Financing decision

(D) Dividend decision

22. Which of the following is not the element of promotion-mix

(A) Advertising

(B) Place

(C) Personal selling

(D) Publicity


23. Which of the following is in correct order

(A) Product, Place, Promotion and Price

(B) Product, Promotion, Place and Price

(C) Product, Price, Promotion and Place

(D) Product, Price, Place and Promotion


24. Which of the demographic variables is not used by marketers for demographic segmentation
(A) Gender

Age

(C) Occupation

Poverty


25. At which stage of the new product development, the launching of new product will take place

(A) Business Analysis

Test Marketing

(C) Commercialization

(D) Marketing strategy Development


26. If a company uses its company name for its entire range of products offered, then it is called

(A) Private branding

(B) Corporate branding

(C) Product-line branding

(D) Specific product branding

27. One-level channel of distribution consists of

(A) Producer consumer

(B) Producer dealer consumer

(C) Producer dealer retailer consumer

Producer dealer wholesaler retailer consumer

28. The primary role of a production manager is

(A) To meet the production target and delivery schedule

(B) To produce goods/services of right quality

(C) To produce goods/services by right quantity at the predetermined time

All of the above


29. Fixed Position Layout is used when

(A) the operation requires heavy tools and equipments.

(B) the operation requires only hand tools and simple equipments.

(C) the continuity of production process is to be maintained.

(D) none of the above


30. Critical Path Method is concerned with estimation of

(A) Optimistic time

(B) Production lead time

(C) Pessimistic time

(D) None of the above

31. In a normal distribution, mean ± 3sigma standard deviation) limits contains approximately

(A) 99.73% of the observations

(B) 99.27% of the observations

of the observations

95% of the observations


32. Firms choose a focus strategy to serve the needs of which of the following

(A) Buyers group

(B) Different-segment of a product line

(C) Different geographical market

(D) All of the above

33. Which of the following is not the component of work study

(A) Work measurement

(B) Case study

Time study

(D) Motion study


34. Half percent of the letters mailed in a city have incorrect addresses. Out of 200 such letters mailed in a day, the probability of finding at most 3 incorrect addresses is



8/3 e-1

1/6 e-1

5/2 e-1

35. If X is a random variable normally distributed with mean u and variance sigma2, then the mean deviation about mean is given by

1/root 2pie

root 2/pie

sigma/root 2pie

root 2sigma

36. The level of significance is the probability of committing

type I error

(B) type II error

(C) standard error

(D) probable error


37. Which of the following tests is used to test a hypothesis about the mean of a univariate normal distribution with unknown variance

(A) Normal test

(B) Student's test

(C) Paired t-test

(D) Chi-square test

38. Mean and variance of Binomial Distribution are

and sigma2

m and nq

and np

np and npq

(Where the terms have usual statistical meaning)

39. Which of the following is the characteristic of a strategic business unit

(A) It serves a homogenous set of markets.

(B) It serves a unique set of products.

(C) It owns responsibility for its own profitability.

(D) All of the above.


40. Which one of the following is not a generic strategy

(A) Cost Leadership

(B) Product Differentiation

(C) Cost focus

Group focus


41. A retrenchment strategy is designed to reduce

(A) technical losses

financial losses

the scale and scope of the business operation

all of the above

42. World Trade Organisation provides

Rule based multilateral trading system.

Equity and social justice to the people.

Rule based regional trading system

All of the above


43. Sick enterprise is referred to

CII

RBI

SIDBI

BIFR


44. Ethical values are derived from

Corporate philosophy

Organisational culture

Corporate objectives

The religious books


45. Which of the following is not related to business ethics

(A) Social responsibility of business

Environmental ethics

Ecological consciousness

Profiteering

46. Which of the following is the cause of sickness of an enterprise

Lack of adequate capital

Lack of demand for the products

Lack of raw material

All of the above


47. Value driven companies are

sure to be successful in the long run.

sure to be unsuccessful as they are not maximising profits.

sure to become charitable institutions.

none of the above


48. Which of the following is not a tool of corporate governance

(A) Preparation of financial statements

Appointment of independent directors.

Compulsory audit of financial statements.

Time bound promotion of employees.


49. Which of the following is not the social responsibility of the business

Promotion of Markets

Promotion of Green Environment

Promotion of Education

Promotion of Public Health


50. The Business Code of Conduct provides guidance to managers and employees

when they encounter an ethical dilemma.

for improving their technical skills.

for pursuing their business goals.

All of the above