UGC NET Exam January 2017 Management Paper-2 Question Paper With Answer Key

MANAGEMENT

Paper – II

 

Note : This paper contains fifty (50) objective type questions of two (2) marks each. All questions are compulsory.

1. Indicate the correct code for the scope of managerial economics from the following :

a. Demand Analysis

b. Production and Cost Analysis

c. Pricing and Investment Decisions

d. Factor pricing Decisions

e. Economic Environmental Analysis

Codes :

(1) a, b, c, d

(2) b, c, d, e

(3) a, b, c, e

(4) a, c, d, e

Answer: (3)

2. Price elasticity of demand for a product is measured by

(1) 

(2) 

(3) 

(4) 

(Where Ed = elasticity of demand, Q = Quantity, P = Price and Δ = represents change)

Answer: (2)

3. Which one of the following will be the appropriate pricing strategy for a new product expecting an expanding market ?

(1) Monopoly pricing

(2) Skimming pricing

(3) Penetrating pricing

(4) Differential pricing

Answer: (3)

4. Match the items of the List – I with those of the List – II and suggest the correct code from the following :

Answer: (2)

5. In case the firm makes varying investments on the different investment projects, the appropriate project evaluation technique would be, which one of the following ?

(1) Average annual rate of return technique

(2) Pay back period technique

(3) Net present value technique

(4) Profitability index technique

Answer: (4)

6. According to Henry Fayol, which one of the following combinations of qualities are required in a manager ?

(1) Physical, mental, experience, educational and conceptual

(2) Technical, human, conceptual, mental and moral

(3) Physical, mental, moral, educational, technical and experience

(4) Mental, moral, conceptual, educational, technical and experience

Answer: (3)

7. Neo-classical organisation theory emphasises on which one of the following ?

(1) Flat structure of organisation

(2) Tall structure of organisation

(3) Coordination by hierarchy

(4) Unity of command

Answer: (1)

8. According to Graicuna’s formula of span of management, if a superior has three subordinates, what number of cross-relationships would be ?

(1) three

(2) six

(3) nine

(4) eighteen

Answer: (2)

9. In Reddin’s ‘Tridimensional Grid’, which one of the following is a less effective style of leadership ?

(1) Developer

(2) Missionary

(3) Executive

(4) Bureaucrat

Answer: (2)

10. Assertion (A) : Attribution theory is based on relationship between personal perception and interpersonal behaviour. 

Reasoning (R) : Since most ‘whys’ are not directly observable, people must depend upon cognitions, particularly perception.

Codes :

(1) (A) is right but (R) is wrong.

(2) (A) is wrong but (R) is right.

(3) Both (A) and (R) are right but (R) does not explain (A).

(4) Both (A) and (R) are right and (R) explains (A).

Answer: (4)

11. Arrange the following steps of training and development process in the right sequence :

a. Need analysis

b. Validation

c. Evaluation

d. Implement the programme

e. Instructional design

(1) a, e, d, c, b

(2) a, e, c, b, d

(3) a, e, b, d, c

(4) a, b, e, c, d

Answer: (3)

12. Which one of the following is related to ‘Standard of Personnel’ ?

(1) Job Specification

(2) Job Description

(3) Job Design

(4) Job Evaluation

Answer: (1)

13. If an employee desires to pay more than the minimum required contribution under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, then 

(1) employer shall also pay an amount equal to the total contribution of employee.

(2) employer shall pay only half of the additional contribution of employee.

(3) employer is under no obligation to pay the additional contribution.

(4) the act is silent regarding this matter.

Answer: (3)

14. Under the Employees’ State Insurance Act, 1948, sickness benefit can be paid for which one of the following maximum periods ?

(1) 45 days in two consecutive benefit periods.

(2) 66 days in two consecutive benefit periods.

(3) 91 days in two consecutive benefit periods.

(4) 180 days in two consecutive benefit periods.

Answer: (3)

15. Which one of the following laws is enacted by the Central Government and enforced by the State Governments ?

(1) The Employees State Insurance Act, 1948

(2) The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952

(3) Factories Act, 1948

(4) The Mines Act, 1952

Answer: (3)

16. The cost of external equity can be most appropriately computed as per the

(1) Earnings price ratio

(2) Dividend price ratio

(3) Dividend price plus growth ratio

(4) Capital assets pricing model

Answer: (4)

17. For the following items in List – I and List – II, indicate the correct code after matching them :

Answer: (2)

18. Which one of the following is not a feature of ‘Preference Shares’ ?

(1) Prior claim on income / assets of the company over equity shareholders.

(2) Redeemability after certain period.

(3) Possessing voting rights on important issues of the company.

(4) May possess the right to participate in surplus profits of the company.

Answer: (4)

19. The basic consideration for dividend pay-out for a company excludes which one of the following ?

(1) Investment opportunities for the company

(2) Expectations of the shareholders of the company

(3) Legal and financial restrictions for the company

(4) Stability of the dividend considerations

Answer: (4)

20. For the following two statements of Assertion (A) and Reasoning (R) indicate the correct code :

Assertion (A) : Shareholders Wealth Maximisation (SWM) and not the profit maximisation is an appropriate and operationally feasible financial management goal.

Reasoning (R) : There exists a principal-agent relationship between the shareholders and the management of the company.

Codes :

(1) (A) and (R) both are correct.

(2) (A) is correct but (R) is incorrect.

(3) (A) is incorrect but (R) is correct.

(4) (A) and (R) both are incorrect. 

Answer: (1)

21. Which one of the following components is not the part of broad marketing environment ?

(1) Technological environment

(2) Task environment

(3) Demographic environment

(4) Natural environment

Answer: (2)

22. The Coco Cola Company markets a wide range of different beverage products including bottled water, soft-drinks, juices and sports drinks. Each product appeals to a different segment. This is an example of which type of market offering ?

(1) Differentiated marketing

(2) Target marketing

(3) Undifferentiated marketing

(4) Intensified marketing

Answer: (1)

23. Temporarily reducing prices to increase short-run sales is an example of which one of the following ?

(1) Segmented pricing

(2) Promotional pricing

(3) Dynamic pricing

(4) Geographical pricing

Answer: (2)

24. Match the items of List – I with the items of List – II and indicate the code of correct matching :

Answer: (1)

25. Statement – I : In developing advertising programme marketing managers must always start by identifying the target market and buyer motives.

Statement – II : A company may run multiple ad campaigns at the same time, each emphasizing different aspects of its brand and service.

(1) Only Statement – I is correct.

(2) Only Statement – II is correct.

(3) Both Statements – I and II are correct.

(4) Both Statements – I and II are incorrect.

Answer: (3)

26. Match the items of List – I with the items of List – II and select the code of correct matching with regard to forecasting models for operations :

Answer: (2)

27. In which one of the following situations, a product-oriented layout is appropriate ?

(1) A medical clinic

(2) An automated carwash

(3) A work centre for welding, heat treating and painting

(4) A home plumbing repair business.

Answer: (2)

28. A graphic tool to trace the interaction of several workers with one machine is termed as

(1) Gang process chart

(2) Flow process chart

(3) Activity chart

(4) Operation chart

Answer: (1)

29. Which one of the following is a technique of statistical quality control used for product control ?

(1) R-chart

(2) Sampling plan

(3) np-chart

(4) control-chart

Answer: (2)

30. The decision-criterion in which a decision-maker selects an alternative that maximizes H (criterion of realism) = [a × (maximum in column)] + [(1 – a) × (minimum in column)] is called

(1) Laplace criterion

(2) Hurwicz criterion

(3) Wald’s criterion

(4) Bayesian criterion

Answer: (2)

31. Which one of the following expressions relates to an event which represents the occurrence of either A or B or both ?

(1) 

(2) 

(3) 

(4) 

Answer: (1)

32. A Bernoulli process has all but which one of the following properties ?

(1) Each trial has two possible outcomes.

(2) The probability of a success on any trial remains fixed over time.

(3) The probability of success on any trial is equal to the probability of failure.

(4) Trials are statistically independent.

Answer: (3)

33. Statement – I : The product of coefficient of correlation, standard deviation of variable ‘X’ and Standard deviation of variable ‘Y’ gives the measure of covariance between X and Y variables.

Statement – II : The product of coefficient of correlation between X and Y variables and the ratio between standard deviation of X variable to standard deviation of Y variable measures the slope of the regression line of X on Y variable.

Codes :

(1) Both the Statements are correct.

(2) Both the Statements are incorrect.

(3) Statement – I is correct while Statement – II is incorrect.

(4) Statement – I is incorrect while Statement – II is correct.

Answer: (1)

34. Statement – I : Both the probable error and standard error of the coefficient of correlation are different.
Statement – II : When a sampling distribution of mean is prepared by taking small sized samples from a normally distributed population, the distribution takes the shape of normal distribution.

Codes :

(1) Both the Statements are correct.

(2) Both the Statements are incorrect.

(3) Statement – I is correct while Statement – II is incorrect.

(4) Statement – I is incorrect while Statement – II is correct.

Answer: (1)

35. Which one of the following is not the major characteristics of internet ?

(1) Open

(2) Expensive

(3) Global

(4) Untrusted

Answer: (2)

36. Assertion (A) : Private foreign capital lends to flow to the high profit areas rather than to the priority sectors.

Reasoning (R) : One of the important limitations to utilize the foreign capital is the absorptive capacity of the recipient country. 

Codes :

(1) (A) and (R) both are correct and (R) is the correct explanation of (A).

(2) (A) and (R) both are correct but (R) is not the correct explanation of (A).

(3) (A) is correct whereas (R) is incorrect.

(4) (R) is correct whereas (A) is incorrect.

Answer: (2)

37. Consider the following statements and identify the correct code of true statements :

(a) When an organization’s survival is threatened and it is not competing effectively, retrenchment strategies are often needed.

(b) Turnaround strategy is used when an organization is performing well but has not yet reached a critical stage.

(c) Divestment strategy involves selling the business or setting it up as a separate corporation.

(d) Liquidation strategy involves closure of business which is no longer profitable.

Codes :

(1) Only (a), (b) and (c) are correct.

(2) Only (b), (c) and (d) are correct.

(3) Only (a), (c) and (d) are correct.

(4) Only (a) and (d) are correct.

Answer: (3)

38. Statement – I : Most businesses start off as “Question Marks”, in that they enter a highgrowth market in which there is already a market leader.

Statement – II : A “Star” is the market leader in a high-growth market, but it does not necessarily provide much cash.

(1) Statement – I is correct but Statement – II is incorrect.

(2) Statement – II is correct but Statement – I is incorrect.

(3) Both the Statements are incorrect.

(4) Both the Statements are correct.

Answer: (4)

39. Match the items of List – I with List – II and identify the code of correct matching :

Answer: (3)

40. Apple computers uses a differentiation competitive strategy that emphasizes innovative product with creative design. This is an example of

(1) Functional strategy

(2) Business strategy

(3) Operating strategy

(4) Product strategy

Answer: (2)

41. Match the items of List – I with the items of List – II and select the code of correcting matching :

Answer: (3)

42. Total Quality Management, job redesigning, new techniques of doing things and management by consensus are the examples of which one of the following ?

(1) Opportunistic entrepreneurship

(2) Administrative entrepreneurship

(3) Incubative entrepreneurship

(4) Mass entrepreneurship

Answer: (2)

43. Under technology and quality upgradation support to help manufacturing MSMEs buy energy efficient technologies for production, what percentage of the actual expenditure is provided as financial support by the Government of India ?

(1) 75%

(2) 60%

(3) 50%

(4) 25%

Answer: (1)

44. Which one of the following is not a personal characteristic of an entrepreneur ?

(1) Innovative

(2) Hardworking

(3) Practical

(4) Submissive

Answer: (4)

45. Which one of the following is the most insignificant reason for sickness in SSI sector ?

(1) Power shortage

(2) Lack of demand

(3) Management problems

(4) Equipment problems

Answer: (3)

46. Statement – I : Ethical principles tend to be broader than legal principles.

Statement – II : Laws and ethics are closely related.

Codes :

(1) Statement – I is correct but Statement – II is incorrect.

(2) Statement – II is correct but Statement – I is incorrect.

(3) Both the Statements are correct.

(4) Both the Statements are incorrect.

Answer: (3)

47. Assertion (A) : The state shall endeavour to protect and improve the environment and to safeguard the forest and wildlife of the country.

Reasoning (R) : The Directive principles of state policy of the Indian Constitution Command the State to ensure protection and improvement of environment and to safeguard forest and wildlife.

Codes :

(1) (A) is correct but (R) is not correct.

(2) (R) is correct but (A) is not correct.

(3) Both (A) and (R) are correct and (R) is the right explanation of (A).

(4) Both (A) and (R) are correct but (R) is not the right explanation of (A).

Answer: (3)

48. Match the items of List – I with List – II and identify the code of correct matching :

Answer: (1)

49. Which one among the following is not correct about J. J. Irani Committee’s recommendations on Company Law (2005) :

(1) 2/5th of the board of a listed company should comprise of independent directors.

(2) Introduce the concept of One Person Company (OPC).

(3) Allow corporations to self-regulate their affairs.

(4) Disclose proper and accurate compilation of financial information of a corporation.

Answer: (1)

50. A business should act ethically for which of the following reasons ?

(a) To prevent harm to the general public

(b) To meet stake-holder expectations

(c) To protect their own employees

(d) To maximize profit of the business

Codes :

(1) (a), (b) and (c) only

(2) (b), (c) and (d) only

(3) (a), (c) and (d) only

(4) (a) and (d) only

Answer: (1)

 

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