1 Environmental degeneration does not consist of

Land degeneration and soil erosion

Problem of over grazing and ecological degeneration

Floods

None of the above

2 Which of the following is not the main objective of "Fiscal Policy of India"

To increase liquidity in economy

To promote price stability

To minimize the in-equality in income and wealth

To promote employment opportunities

3 Liberalization means

Reducing number of reserved industries from 17 to 8

Liberating the industry, trade and economy from unwanted restriction

Opening up economy to the world by attaining international competitiveness

Free determination of interest rate

4 Assertion Industrialization of an economy is considered synonymous with growth.

Reasoning The transfer of resources from agrarian to industrial may be capital or labour or both.
Codes

Both and are true and is correct explanation of

Both and are true but is not the correct explanation of

is true but is false.

is false but is true.

5 Globalization is the term used to describe process of removal of restriction on which one of the following

Foreign trade

Investment

Both and

None of the above

6 Interest on loan taken for the purchase of fixed assets is a

Revenue Expenditure

Capital Expenditure

Deferred Revenue Expenditure

Capital Loss

7 Dual Aspect Concept results in the following accounting equation

Revenue=Expenses

Capital+Profits=Assets+Expenses

Capital+Liabilities=Assets

Capital+Drawings=Owner's Equity

8 Match the items in Column l with the items in Column 2

Column l Column 2
Materiality Concept The same accounting method used by a firm from one period to another
Going Concern Concept An inappropriate assumption of a firm being bankrupt
Historical Cost Concept A normal basis used for accounting assets
Consistency Concept Relates to the importance of an item or event

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9 Ltd. has a liquid ratio of 2 1. If its stock is dollar 40,000 and its current liabilities are of dollar 1 Lac, its current ratio will be

1.4 times

2.4 times

1.2 times

3.4 times

10 'Comparison of the financial statements of the current year with the performance of previous years of the same is known as

Trend Analysis

Horizontal Analysis

Intra -firm comparison

All of the above

11 The Marshallian utility analysis is based on a less valid assumption of

cardinal measurability of the utility

given marginal utility of money

diminishing marginal utility of the goods

additivity of the utility

12 Match the items of the List I with those of the List II and indicate the correct code

List I List II
Convexity of the indifferences curve to origin Indifference curve analysis
Quantity of certain goods sacrificed for a Consumer's equilibrium large quantity of other goods
Equality of the ratio of the marginal Substitutability/complementarity utilities with that of the prices of the of the two goods two goods
Separation of substitution and income Marginal rate substitution effects from the total price effect

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13 Firms producing and selling a large variety of goods will generally follow

Cost plus pricing

Marginal pricing

Skimming pricing

Product line pricing

14 For the following two statements of Assertion and Reasoning indicate the correct code

Assertion All firms under perfect competition in long run earn only normal profit.

Reasoning All firms under perfect competition in long run operate at the minimum average cost level.
Codes

and both are correct.

is correct but is not correct.

is not correct but is correct.

and both are incorrect.

15 Match the items of List I with those of List II and indicate the correct code

List I List II
Substitute Goods Negative Cross Elasticity
Complementary Goods Low Price Elasticity
Giffen Goods Positive Cross Elasticity
High Income Group Consumption Goods Positive Price Elasticity

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16 Which one of the following is not a method of studying association of attributes

Concurrent Deviation Method

Proportion Method

Yule's Method

Coefficient of Contingency

17 Identify which of the following steps would be included in hypothesis testing
State the null and alternative hypothesis.
Set the significance level before the research study.
Eliminate all outliers.
Obtain the probability value using a computer program such as SPSS. Compare the probability value to the significance level and make the statistical decision.
Codes

and

and

and

and

18 Select the methods of finding out correlation from the following
Karl Pearson's Method
Spearman's Rank Method
Yule's Method
Coefficient of Contingency
Concurrent Deviation Method
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19 A set of data can be distinguished from other set of data by means of

Central value and dispersion

Central value, dispersion and skewness

Central value, dispersion, skewness and Kurtosis

None of the above

20 The advent of computers in research has led to

Limitations of options in analysis

Tremendous amount of flexibility with marginal increase in cost

Myopic exposure of statistics to the researcher

None of the above

21 Who among the following is not related to the planning function given by Taylor

Route clerk

Time and cost clerk

Inspector

Disciplinarian

22 Match the following

(book) (Author)
Functions of the Executive Charles Babbage
On the Economy of Machinery and Manufactures Henri Fayol
The Effective Executive Chester Barnard
General and Industrial Administration Peter Drucker

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23 The classical organisation theory treats organisation as a/an

Open system

Closed system

Technical system

Macro system

24 Which of the following is a systematic interactive forecasting method that relies on a panel of experts

Pay-off matrix

Game theory

Queing theory

Delphi technique

25 According to Hersey and Blanchard's situational approach to leadership, the 'participating style' of leadership has

High task and low relationship orientation

High task and high relationship orientation

Low task and high relationship orientation

Low task and low relationship orientation

26 Which of the following is not a reason for the failure of new products

Good idea but overestimated market size.

Correctly positioned new product, not promoted effectively or overpriced.

Development costs are lower than or equal to estimated or expected.

Competitors fight back harder than expected.

27 Which one of the following is true for the calculation of overall market share

(Customer penetration)x(Customer loyalty)x(Price selectivity)

(Customer loyalty)x(Customer selectivity)x(Price selectivity)

(Customer selectivity)x(Price selectivity)x(Customer penetration)

(Customer penetration)x(Customer loyalty)x(Customer selectivity)x(Price selectivity)

28 is wielded by a manufacturer that threatens to withdraw a resource or terminate a relationship if intermediaries fail to cooperate.

Coercive Power

Legitimate Power

Expert Power

Reference Power

29 When the consumers favour those products which offer the most quality, performance or innovative features, then it is called as

Production concept

Product concept

Sales concept

Marketing concept

30 Match the items of List I with List II where the PLC curve patterns are given for different categories

List I List II
Product category One of several variant shapes
Product forms Longest PLC
Products Standard PLC
Branded Products Short or long PLC

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31 The term 'capital structure' implies

Share Capital+Reserves+Long-Term Debts

Share Capital+Long and Short-Term Debts

Share Capital+Long-Term Debts

Equity and Preference Share Capital

32 A company has issued 10 percent perpetual debt of 1 lac at . percent premium. If tax rate is 30 percent, then the cost of debt will be

10 percent

1. percent

percent

8.21 percent

33 "Dividend is not relevant in determining the value of the company". following held this opinion

j.E. Walter

Ezra Soloman

Modigliani-Miller

M.j Gordon

34 The formula Q 2 is used to compute the

Total ordering cost

Total carrying cost

Opportunity cost

Re-order point

35 Financial Leverage is measured by

<img src='./qimages/3399-35.jpg'>

36 Which of the following is a key role of HR Manager as defined by .lrich et al (200.)

Personnel Administrator

Business Ally

Payroll Advisor

Organizational Geographer

37 Which of the following is the most serious problem that might arise due to excessive reliance on internal recruitment

reduced job performance

high labour turnover

lack of motivation

internal resistance

38 Match the methods of performance appraisal given in List I with the explanations given in the List II

List I List II
Behaviourally Anchored Rating Scale (BARS) Evaluator keeps a log of critical incidents to evaluate performance
Management By Objectives Evaluator indicates on a scale how often the appraise was actually observed engaging in the specific behaviours already identified Critical incident method Evaluator rates on the scale described in the form of critical incidents
Behaviour observation scale Systematic and organized approach that allows management to focus on achievable goals

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39 The internal factors affecting the wage mix include
Relative worth of the job
Area wage rates
Employer's ability to pay
Manpower market conditions
Codes

and

and

and

All of the above

40 Match the items of List I with the items of List II

List I List II
Giri Approach The utility of non-violence as the means of conflict resolution. Industrial Sociology Approach Organizations are made up of people and the success of management lies in its dealing with these people.
Gandhian Approach .oluntary negotiations between employers and employees are a means of settling disputes.
Human Relations Approach Investigating the underlying trends and patterns in the cause and effect of industrial disputes.
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41

Assertion Taking of deposits and granting of loans single out banks.

Reasoning Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.

Codes

Assertion is correct and Reasoning is the correct explanation of

Both Assertion and Reasoning are correct but is not the correct explanation of

Assertion is correct but Reasoning is incorrect.

Reasoning is correct but Assertion is incorrect.

42 "Skimming" in e-banking refers to

Identifying fraudsters copying vital information from credit cards

Multiple transactions by one credit card

Conversion of a debit card into credit card

None of the above

43 Match the items of List I with List II in terms of functions of a bank

List I(Activities) List II (functions)
underwriting Primary Functions
Transfer of funds Granting Advances
Overdraft utility Functions
Recurring Deposits Agency Functions
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44 Which among the following is not a subsidiary of Reserve Bank of India Deposit Insurance and Credit Gaurantee Corporation of India.
Bharatiya Reserve Bank Note Mudran Private Limited.
Codes

Only

Only

Both and

Neither nor

45 Which among the following is not associated with NABARD
NIEAF
BIRD
RIDF
SHPI
Codes

only

only

and only

None of the above

46 Examine the following statements and choose the correct code

statement Companies with Low cash reserves normally prefer Licensing mode rather than Foreign Direct Investment.
statement Cash rich firms normally prefer Foreign Direct Investment.
Codes

Both and are correct

Both and are wrong

is correct but is wrong

is not correct but is correct

47 Which one of the following is not a feature of Business Process Outsourcing

It enables executives to concentrate on strategy

It improves process and saves money

It decreases organizational capabilities

None of the above

48 The major outcome of the Bretton Woods Conference was

Establishment of IMF and IFC

Establishment of IBRD and IFC

Establishment of IBRD and ADB

Establishment of IMF and IBRD

49 Which one of the following is an important activity of the World Bank borrowings

It borrows in the international capital market

It borrows on currency on swap agreements

It borrows under the discount net programme

All of the above

50 Which one of the following statements is false

IFC was established in july 1956

IFC encourages the growth and development of Public Sector Enterprises in member countries

IFC is an affiliate of the World Bank

IFC encourages the growth of productive private enterprises in member countries