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UGC NET JUN 2014 : MANAGEMENT PAPER II

15 pages, 100 questions, 55 questions with responses, 107 total responses,

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PAPER-II MANAGEMENT Signature and Name of Invigilator 1. (Signature) __________________________ OMR Sheet No. : ............................................... (To be filled by the Candidate) (Name) ____________________________ Roll No. 2. (Signature) __________________________ (In figures as per admission card) (Name) ____________________________ J 17 Roll No.________________________________ (In words) 1 4 Time : 1 1/4 hours] Number of Pages in this Booklet : 16 Instructions for the Candidates [Maximum Marks : 100 Number of Questions in this Booklet : 50 1. 2. - 3. , - - , : (i) - - (ii) - / - - (iii) OMR - 4. (A), (B), (C) (D) : (C) 5. I OMR OMR , 6. 7. (Rough Work) 8. OMR , , , , , 9. - OMR - OMR 10. / 11. ( ) 12. 13. , 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of fifty multiple-choice type of questions. 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. (iii) After this verification is over, the OMR Sheet Number should be entered on this Test Booklet. 4. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the circle as indicated below on the correct response against each item. Example : where (C) is the correct response. 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Paper I Booklet only. If you mark at any place other than in the circle in the OMR Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your Name, Roll Number, Phone Number or put any mark on any part of the OMR Sheet, except for the space allotted for the relevant entries, which may disclose your identity, or use abusive language or employ any other unfair means such as change of response by scratching or using white fluid, you will render yourself liable to disqualification. 9. You have to return the test question booklet and Original OMR Sheet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. You are, however, allowed to carry original question booklet and duplicate copy of OMR Sheet on conclusion of examination. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. There is no negative marks for incorrect answers. 13. In case of any discrepancy in the English and Hindi versions, English version will be taken as final. J-17-14 1 P.T.O. MANAGEMENT Paper II Note : This paper contains fifty (50) objective type questions, each question carrying two (2) marks each. Attempt all the questions. 1. In case the price (P), quantity (Q), and changes ( ) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by (A) Ed = Q/ P (B) Ed = ( Q/Q)/( P/P) (C) Ed = P/ Q (D) Ed = ( P/P)/( Q/Q) 2. Law of Diminishing Return applies when the gaps among the successive multiple-level of output isoquants (A) decreases (B) remains constant (C) increases (D) remains irregular 3. In case the demand elasticity under imperfect competition is unity, the marginal revenue will be (A) more than utility, but less than infinity. (B) equal to unity. (C) less than unity, but more than zero. (D) equal to zero. 4. 6. Rise in general price level alongwith declining output in the economy is called (A) Inflation (B) Deflation (C) Stagflation (D) Demand-pull inflation Which of the following is a correct match ? (A) McClelland ERG Theory (B) Skinner Reinforcement Theory (C) Vroom Equity Theory (D) Locke Expectancy Theory 7. The study of gestures and body postures for their impact on communication is known as (A) Kinesics (B) Proxemics (C) Semantics (D) None of the above 8. According to Organisational Culture Inventory (OCI), an organisation in which members are encouraged to work together in ways that meet higher order human needs is classified as having a _________ culture. (A) constructive (B) motivational (C) passive (D) high achievement 9. A matrix structure of organisation (A) reinforces unity of command (B) is inexpensive (C) is easy to explain to the employees (D) gives to some employees more than one boss 10. Organisational development (OD) is a planned change plus (A) Evaluation (B) Intervention (C) Ability for self-renewal (D) Reinforcement 5. National income equilibrium is not at the level where (A) aggregate investment equals aggregate savings (B) aggregate expenditure equals aggregate income (C) inflationary and deflationary gaps are absent (D) aggregate consumption is constant Paper-II 2 J-17-14 II : (50) - (2) 1. (P), (Q) ( ) : , (Ed) ? (A) (B) (C) (D) 2. 6. 7. Ed = Q/ P Ed = ( Q/Q)/( P/P) Ed = P/ Q Ed = ( P/P)/( Q/Q) (A) (B) (C) (D) 3. ( : ) , ? (A) (B) (C) (D) 9. (A) (B) (C) (D) 10. ( : ) _______ (A) (B) (C) :- (D) - (A) (B) (C) ( ) (D) 5. , (A) (B) (C) (D) J-17-14 - ? (A) (B) (C) (D) 8. , (A) , (B) (C) , (D) 4. ? (A) . . . (B) (C) (D) 3 Paper-II 11. Match the following : List I (Concept) a. An ongoing and formalised effort that focuses on developing enriched and more capable workers b. A career development activity in which managers make decisions regarding the advancement potential of subordinates c. A career development activity that focuses on preparing people to fill executive positions d. Determining the type of career that employees want and the steps they must take to realise their career goals Codes : a (A) i (B) ii (C) ii (D) i 12. b ii iii iii iii c iii iv i ii 13. List II (Term) i. Direction phase ii. Career development 14. iii. Promotability forecast iv. Succession planning d iv i iv iv A formal explanation of the knowledge, skills, abilities, traits and other characteristics necessary for effective job performance is known as (A) Job Description (B) Job Analysis (C) Job Specification (D) Job Enrichment Paper-II 4 _________ aims to reduce reliance on arbitrary methods of pay determination by introducing an element of objectivity in the way jobs are compared. (A) Performance appraisal (B) Job evaluation (C) Job enrichment (D) Attrition Match the following : List I a. The process of examining how work creates or adds value to the ongoing processes in a business b. A fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service and speed c. The process of organising work into the tasks required to perform a specific task d. The process of putting specialised tasks back together so that one person is responsible for producing a whole product or an entire service Codes : a b c (A) i ii iii (B) ii i iv (C) iii iv i (D) iii iv ii List II i. Job Enrichment ii. Job Design iii. Work flow analysis iv. Business process reengineering (BPR) d iv iii ii i J-17-14 11. : I II ( ) ( ) a. i. b. - ii. , ( ) c. - iii. , d. iv. , : (A) (B) (C) (D) 12. a i ii ii i b ii iii iii iii c iii iv i ii ? (A) (B) (C) (D) 14. : I II a. i. - b. , , ii. c. iii. - d. iv. ( ) : 13. d iv i iv iv , , , ? (A) (B) (C) (D) J-17-14 a (A) i (B) ii (C) iii (D) iii 5 b ii i iv iv c iii iv i ii d iv iii ii i Paper-II 15. The process of reorganising a company s employees to improve their efficiency is termed as (A) Right sizing (B) Down sizing (C) Retrenchment (D) Lay-offs 16. The value of a bond with a given maturity period is (A) Present value of maturity value of the bond (B) Present value of annual interest plus present value of maturity value (C) Total amount of interest plus the maturity value received (D) Maturity value received 17. The capital budgeting appraisal criterion that is most appropriate in the situation of capital rationing will be (A) Payback period (B) Internal Rate of Return (C) Net present value (D) Profitability index 18. 19. 20. (C) III II IV I (D) II IV I III Paper-II 6 Which one of the following types of working capital is financial through a portion of long-term funds ? (A) Gross working capital (B) Net working capital (C) Floating working capital (D) Regular working capital 21. For computation of cost of equity, arrange the following measures in the ascending order of accuracy : I. Capital Asset Pricing Model II. Dividend-Price Ratio III. Earning-Price Ratio IV. Dividend-Price Plus Growth Ratio Codes : (A) I III II IV (B) IV I III II Match the items given in the two lists : List I List II a. Debt securities i. Floating Rate without any Bonds explicit interest rate b. Company ii. Zero-coupon issuing such bonds bonds experiences less financial distress c. Coupon rate iii. Income quoted as Bonds mark-up on the given rate Codes : a b c (A) i ii iii (B) i iii ii (C) ii iii i (D) iii i ii In the model of consumer adoption of new products developed by Everitt M. Rogers, the first category of people to adopt a new product is called (A) Early adopters (B) Initial adopters (C) First users (D) Innovators J-17-14 15. : ? (A) (B) (C) (D) 16. (A) (B) (C) (D) 17. 18. 19. (A) (B) (C) (D) - ? (A) (B) (C) (D) b ii iii iii i c iii ii i ii ? (A) (B) (C) ( ) (D) 21. II. - III. - IV. - : . ( ) ? (A) (B) (C) (D) I. J-17-14 a i i ii iii 20. : (A) (B) (C) (D) : I II a. i. b. ii. c. iii. : I III II IV IV I III II III II IV I II IV I III 7 Paper-II 22. Pepsico used ________ to enter the Indian market in the early 1980s. (A) Mega marketing (B) Meta marketing (C) Micro marketing (D) Multistage marketing 23. Pricing decisions are most complex at which stage of the product life cycle ? (A) Decline stage (B) Growth (C) Introduction (D) Maturity 24. Branding seeks (A) to differentiate the product (B) to charge differential price (C) to sell the product in different countries (D) to give attractive name to a product 25. The most widely used method of collecting the primary data is (A) Experimental Research (B) Observation Research (C) Statistical Research (D) Survey Research 26. If the EOQ for an item of inventory in a firm is 1000 units, the estimated demand for the term next year gets doubled, what shall be the revised EOQ next year, all other relevant costs remaining unchanged ? (A) 1000 (B) 1414 (C) 2000 (D) None of the above Paper-II 27. 28. Which of the following is not included in the Five-p model of transformation organisation used in the Production and Operations Management ? (A) People (B) Plant (C) Production (D) Programmes 29. 8 From the following two statements, choose the correct answer : Statement I : A person can have one utility curve for one situation and a quite different one for the next situation. Statement II : Business executive with a linear utility curve can effectively use the expected monetary value as their decision criterion. Codes : (A) Statement I is true, but II is false. (B) Statement I is false, but II is true. (C) Both the Statements I and II are true. (D) Both the statements I and II are false. Demand forecasting through Survey of Buyer s Intentions is not suited for which type of products ? (A) Convenience goods (B) Industrial products (C) New products (D) Consumer durables J-17-14 22. 23. 24. 25. 26. 1980 ? (A) (B) (C) (D) - 27. I : II : - ? (A) (B) (C) (D) : (A) I II (D) 28. I , II (C) ? (A) (B) (C) (D) I , II (B) ? (A) (B) (C) - (D) I II ? (A) 29. (B) (C) . . . 1000 , , . . . ? (A) 1000 (B) 1414 (C) 2000 (D) J-17-14 : (D) ? (A) (B) (C) (D) 9 - Paper-II 30. The names of certain reputed authors and their works are listed in the following lists. Match the names and their works in the correct order : List I List II i. A Behavioural a. Elwood S. Buffa and Theory of the Rakesh K. Firm Sarin b. Richard M. ii. Introduction to Cyert and operations James E March research c. Martin K. iii. Production and Starr and Operations D.W. Miller Management d. J.M. Juran iv. Quality Control Handbook e. Hillier and v. Inventory Leiberman Control : Theory and Practice Codes : a b c d e (A) i ii iii iv v (B) ii iii iv v i (C) iii iv i ii v (D) iii i v iv ii 31. 33. What separates the physical aspects of data storage from the logical aspects of data representation ? (A) Schema (B) Relationships (C) Constraints (D) Data Paper-II 10 The simple probability of the occurrence of an event is called the (A) Bayesian probability (B) Conditional probability (C) Joint probability (D) Marginal probability 36. If in a given Binomial distribution with n fixed and P < 0.5, then (A) The Poisson distribution will provide a good approximation (B) The Binomial distribution will be skewed to the left (C) The Binomial distribution will be skewed to the right (D) The Binomial distribution will be symmetric The components of E-business model are i. Web Server ii. Web Master iii. Internet iv. Web Administrator Codes : (A) i, ii, iii & iv (B) i, ii & iii (C) i & iii only (D) iii only 35. What is the probability of a value, chosen from a population, is less than its median ? (A) 1.0 (B) 0.75 (C) 0.50 (D) 0.25 32. 34. Indicate the statement which is not correct : i. Credit risk is loss on account of default of repayment of loan. ii. Liquidity risk is the risk on account of the mismatches of cash inflow and outflow in a firm. iii. Basic risk is the risk in a firm owing to the differences in the index to which financial assets and liabilities are tied up. iv. Forward rate agreement is a contract where a borrower / lender locks the interest rate and protects itself from the loss on account of change in the future interest rate. Codes : (A) i and ii (B) ii and iii (C) iii and iv (D) None of the above J-17-14 30. : I II a. . i. . b. . ii. . c. iii. . . d. . . iv. e. v. : : (A) (B) (C) (D) a i ii iii iii b ii iii iv i c iii iv i v d iv v ii iv 34. 35. 31. ? (A) 1.0 (B) 0.75 (C) 0.50 (D) 0.25 32. n , P < 0.5, (A) (B) (C) (D) 33. / ? (A) (B) (C) (D) J-17-14 11 : (A) (B) (C) (D) 36. e v i v ii - : i. - ii. - iii. iv. : (A) i, ii, iii, iv (B) i, ii iii (C) i iii (D) iii ? i. ii. iii. iv. - / : (A) i ii (B) ii iii (C) iii iv (D) Paper-II 37. Which of the following facts are not correct in the context of India s relations with the WTO ? i. India has been the founder member of the GATT. ii. India has agreed to abide by the arrangement on the intellectual property rights. iii. Under the trade-related investment measures, India has already notified its stand. iv. India has agreed to allow entry to foreign service providers. v. The Indian government has amended the Civil Procedure Code for the benefit of foreign service providers. Codes : (A) i and ii (B) ii and iii (C) iv only (D) v only 38. Intra-firm transfer of technology is found when (A) the price of technology development is very low. (B) it is difficult to protect the technology through patents. (C) the price of technology is very high. (D) the technology is developed in association with an allied firm 39. 40. 41. Paper-II 12 A study conducted by the Entrepreneurship Development Institute of India, Ahmedabad, revealed that the possession of competencies is necessary for superior performance of the entrepreneurs. The study was conducted under the guidance of (A) James T. McCrory (B) David C. McClelland (C) James J. Berna (D) P.L. Tandon 42. Match the theories of Foreign Direct Investment with their contributors : List I List II (Theory) (Contributor) a. Industrial i. Kemp & Organization McDougall Theory b. Location ii. Hood and Specific Theory Young c. Product Cycle iii. Stephen Theory Hymer d. Two-Country iv. Raymond Model Vernon Codes : a b c d (A) i ii iii iv (B) iv iii i ii (C) iii ii iv i (D) i ii iv iii Assertion (A) : The laws regarding patents and trademark are ineffective in many countries. Reasoning (R) : There are cases when a government does not abide by the rulings of the International Court of Justice. (A) (A) and (R) both are correct, and (R) is the right explanation of (A). (B) (A) and (R) both are correct, but (R) is not the right explanation of (A). (C) (A) is correct, but (R) is not correct. (D) (R) is correct, but (A) is not correct. ________ is considered as a creative capital which performs economic functions different from other investment vehicles, which primarily serve as the expansion capital. (A) Equity Capital (B) Fixed Capital (C) Venture Capital (D) Share Capital J-17-14 . . . / / ? i. ( . . . .) ii. iii. - iv. , v. - - : (A) i ii (B) ii iii (C) iv (D) v 40. : , (A) (B) (C) (D) 39. : I II ( ) ( ) a. i. b. ii. c. iii. d. - iv. : 41. 37. (R) : ( ) (A) (A) (R) (R), (A) (B) (A) (B) (C) (D) J-17-14 b ii iii ii ii c iii i iv iv (A) (R) , (R), (A) (C) (A) , (R) (D) (R) 38. a i iv iii i (A) : , (A) - ? (A) (B) . (C) . (D) 42. . . . _______ (A) (B) (D) 13 (C) d iv ii i iii Paper-II 43. 44. 45. 46. 47. Which is the apex body in India for formulating the policy in respect of entrepreneurship development ? (A) Reserve Bank of India (B) Small Industrial Development Bank of India (C) National Entrepreneurship Board (D) Industrial Development Bank of India amended on (A) 15 August, 2000 (B) 26 August, 2003 (C) 26 January, 2007 (D) 14 February, 2008 48. Fundamental legal obligations in taking corporate business decisions _________ means identifying and imitating the best in the world at specific tasks. (A) Quality circle (B) Bench marking (C) Strategy (D) Outsourcing are formulated on the basis of (A) Judicial Principles (B) Moral Principles (C) Ethical Principles (D) Legislative Principles Which of the following factors can be regarded as a symptom of industrial sickness ? (A) Lowering the employee s morale (B) Delay and default in the payment of dues (C) Continuous decrease in the price of its shares (D) All of the above 49. Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of (A) Environmentalists (B) Government officials (C) Suppliers (D) Shareholders Assertion (A) : Ethical relativism means that there are universal standards of human behaviour. Reasoning (R) : Ethical behaviour is primarily personal behaviour conforming to standards of morality. (A) (A) is correct, and (R) is the right explanation of (A). (B) (A) is incorrect, and (R) is a correct statement in isolation. (C) (A) and (R) both are incorrect. (D) (A) is correct, but (R) is not the right explanation of (A). Paper-II Clause 49 of SEBI Regulations was 50. Morality of an employee in a business organisation depends upon (A) Individual disposition (B) Understanding of business activities (C) Understanding of individual in a group (D) Family setup of individual employee 14 J-17-14 ? (A) (B) (C) (D) 44. ? (A) (B) (C) (D) 47. 43. 45. 46. (A) 26 , 2003 (C) 26 , 2007 (D) 48. 15 , 2000 (B) 14 , 2008 ? (A) (C) (D) 49. (B) / / ? (A) (B) (C) (D) _________ (A) (C) (D) 50. (B) (A) : (R) : , (A) (A) , (R), (A) (B) (A) , (R) (C) (A) (R) (D) (A) , (R), (A) J-17-14 49 ? ? (A) (B) (C) (D) 15 Paper-II Space For Rough Work Paper-II 16 J-17-14

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